HIGHBuilt-inGeographic
72%
North America
“10-K Item 1: 'North America and Europe generated 72% and 22%, respectively, of Howmet's sales in 2025'”
HWM · Concentration risk · 10-K extracted
Howmet Aerospace (HWM) concentration risks
Updated
The most significant concentration Howmet Aerospace discloses is North America at 72%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Howmet Aerospace’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH3
MEDIUM0
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProduct / Revenue mix
70%
aerospace
“10-K Item 1: 'Howmet's largest market is aerospace, which represented approximately 70% of the Company's revenue in 2025'”
HIGHOutside partySupplier
titanium sponge
“10-K Item 1A: 'we depend on a number of limited source or sole source suppliers, such as for titanium sponge and specialized metal alloys'”
LOWOutside partyCustomer
11%
RTX Corporation
“10-K Item 1: 'RTX Corporation and GE Aerospace each represented approximately 11% of the Company's third-party sales'”
LOWOutside partyCustomer
11%
GE Aerospace
“10-K Item 1: 'RTX Corporation and GE Aerospace each represented approximately 11% of the Company's third-party sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines structural market and geographic exposures with a supply-side dependency and two named customer relationships at a low disclosed share. Aerospace represents the largest end-market served, accounting for approximately 70% of revenue in 2025 — a high-share structural concentration that ties results to aircraft build rates, MRO demand, and the capital spending programs of commercial and defense aerospace customers. North America is the dominant geographic region, generating 72% of sales in 2025 alongside Europe at 22%, reinforcing the structural concentration in the most developed aerospace manufacturing geography. On the supply side, the company depends on a limited or sole source for certain key inputs, including titanium sponge and specialized metal alloys — a high-share dependency where a disruption to any of these supply lines could constrain production and pressure margins across the aerospace-facing product portfolio. At the named-customer level, RTX Corporation represented approximately 11% of third-party sales, and GE Aerospace represented approximately 11% of third-party sales — each a low-share dependency. The symmetry of those shares means neither customer alone is dominant, but together the two largest aerospace OEM customers account for a combined share worth monitoring given the program-driven nature of long-cycle aerospace contracts. On balance, the structural aerospace and North American concentrations are the dominant profile items, with the sole-source supply dependency as the most idiosyncratic single risk.
For the engine’s reasoning on HWM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Aerospace & Defense
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HWM● | Howmet Aerospace Inc. | 3 | 0 | 2 | 5 |
| AVAV | AeroVironment, Inc. | 1 | 1 | 2 | 4 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| AIR | AAR Corp. | 0 | 0 | 1 | 1 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.