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Adjusted EBITDA Margin by Segment
Shows the efficiency of each business segment in converting revenue into profit, helping to identify strong performers and potential areas for improvement.Margins have shifted from cyclical to structurally higher: Engine Products is the clear margin leader, driven by aftermarket spares and gas‑turbine strength, explaining its recent step‑up and record segment performance. Fastening Systems and Engineered Structures show meaningful catch‑up, aided by product mix, cost discipline and a fastener M&A push—though the $1.8B deal adds integration risk. Forged Wheels remains margin‑resilient despite volume softness. Watch OEM build rates, elevated capex and hiring/start‑up costs as potential near‑term margin drags despite strong underlying momentum.
Date | Engine Products | Fastening Systems | Engineered Structures | Forged Wheels |
|---|---|---|---|---|
Jun 30, 2026 | 37.70 | 30.10 | 23.80 | 27.80 |
Mar 31, 2026 | 36.50 | 31.80 | 21.90 | 30.50 |
Dec 31, 2025 | 34.00 | 30.60 | 22.00 | 29.90 |
Sep 30, 2025 | 33.30 | 30.80 | 20.10 | 29.60 |
Jun 30, 2025 | 33.00 | 29.20 | 21.40 | 27.50 |
Mar 31, 2025 | 32.60 | 30.80 | 21.30 | 27.00 |
Dec 31, 2024 | 31.10 | 27.70 | 18.50 | 27.20 |
Sep 30, 2024 | 32.50 | 26.00 | 15.00 | 26.10 |
Jun 30, 2024 | 31.30 | 25.60 | 14.50 | 27.00 |
Mar 31, 2024 | 28.10 | 23.70 | 14.10 | 28.50 |