Key Insights on Gross Profit: Howmet Aerospace Inc. vs Owens Corning

A Tale of Two Giants: Howmet Aerospace Inc. vs Owens Corning

In the ever-evolving landscape of aerospace and construction materials, Howmet Aerospace Inc. and Owens Corning have emerged as formidable players. Over the past decade, these companies have showcased contrasting trajectories in their gross profit margins. From 2014 to 2019, Howmet Aerospace consistently outperformed Owens Corning, peaking in 2019 with a gross profit nearly 30% higher than its 2014 figures. However, the pandemic year of 2020 marked a turning point. Howmet's profits plummeted by over 50%, while Owens Corning demonstrated resilience, maintaining steady growth. By 2023, Owens Corning's gross profit surged by 175% from its 2014 baseline, surpassing Howmet's by a significant margin. This shift underscores the dynamic nature of industry competition and the importance of adaptability in challenging times.