HWM vs. TOST

Last updated Apr 16, 2026

HWM (Howmet Aerospace Inc.) is a stock, while TOST (Toast, Inc.) is a stock. Over the past 3 years, HWM returned 81.97%/yr vs 17.03%/yr for TOST. At 0.35, their price movements are largely independent.

Performance

HWM vs. TOST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Howmet Aerospace Inc. (HWM) and Toast, Inc. (TOST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HWM achieves a 23.98% return, which is significantly higher than TOST's -20.70% return.

HWM

• 1D: -1.55%
• 1M: 5.53%
• YTD: 23.98%
• 6M: 32.28%
• 1Y: 104.60%
• 3Y*: 81.97%
• 5Y*: 51.11%
• 10Y*: 31.51%

TOST

• 1D: 3.91%
• 1M: 0.21%
• YTD: -20.70%
• 6M: -24.34%
• 1Y: -19.20%
• 3Y*: 17.03%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HWM vs. TOST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HWM Howmet Aerospace Inc.	23.98%	87.95%	102.71%	37.84%	24.16%	2.38%
TOST Toast, Inc.	-20.70%	-2.58%	99.62%	1.28%	-48.06%	-44.47%

Correlation

The correlation between HWM and TOST is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.35

Over the past year, the correlation between HWM and TOST has dropped to 0.12 — well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Fundamentals

Market Cap HWM : $102.63B TOST : $17.09B
EPS HWM : $3.72 TOST : $0.56
PE Ratio HWM : 68.28 TOST : 49.98
PEG Ratio HWM : 1.15 TOST : 0.03
PS Ratio HWM : 12.48 TOST : 2.78
PB Ratio HWM : 19.17 TOST : 8.05
Total Revenue (TTM) HWM : $8.25B TOST : $6.15B
Gross Profit (TTM) HWM : $2.54B TOST : $1.59B
EBITDA (TTM) HWM : $2.38B TOST : $389.00M

Return for Risk

HWM vs. TOST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HWM

HWM Risk / Return Rank: 94
HWM Sharpe Ratio Rank: 95
HWM Sortino Ratio Rank: 95
HWM Omega Ratio Rank: 93
HWM Calmar Ratio Rank: 92
HWM Martin Ratio Rank: 93

TOST

TOST Risk / Return Rank: 19
TOST Sharpe Ratio Rank: 16
TOST Sortino Ratio Rank: 16
TOST Omega Ratio Rank: 17
TOST Calmar Ratio Rank: 22
TOST Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HWM vs. TOST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) and Toast, Inc. (TOST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HWM	TOST	Difference
Sharpe ratio Return per unit of total volatility	3.56	-0.45	+4.00
Sortino ratio Return per unit of downside risk	4.29	-0.39	+4.68
Omega ratio Gain probability vs. loss probability	1.55	0.95	+0.59
Calmar ratio Return relative to maximum drawdown	6.46	-0.35	+6.81
Martin ratio Return relative to average drawdown	20.62	-0.65	+21.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HWM vs. TOST - Sharpe Ratio Comparison

The current HWM Sharpe Ratio is 3.56, which is higher than the TOST Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of HWM and TOST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HWM	TOST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.56	-0.45	+4.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.26	+0.48

Drawdowns

HWM vs. TOST - Drawdown Comparison

The maximum HWM drawdown since its inception was -88.30%, which is greater than TOST's maximum drawdown of -80.56%. Use the drawdown chart below to compare losses from any high point for HWM and TOST.

Drawdown Indicators

	HWM	TOST	Difference
Max Drawdown Largest peak-to-trough decline	-88.30%	-80.56%	-7.74%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-49.15%	+33.26%
Max Drawdown (5Y) Largest decline over 5 years	-23.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.81%	—	—
Current Drawdown Current decline from peak	-4.18%	-56.82%	+52.64%
Average Drawdown Average peak-to-trough decline	-31.07%	-57.86%	+26.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	26.54%	-21.56%

Volatility

HWM vs. TOST - Volatility Comparison

Howmet Aerospace Inc. (HWM) and Toast, Inc. (TOST) have volatilities of 11.44% and 11.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWM	TOST	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.44%	11.57%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	21.93%	33.70%	-11.77%
Volatility (1Y) Calculated over the trailing 1-year period	29.86%	43.22%	-13.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.78%	61.36%	-29.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.82%	61.36%	-21.54%

Dividends

HWM vs. TOST - Dividend Comparison

HWM's dividend yield for the trailing twelve months is around 0.18%, while TOST has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWM Howmet Aerospace Inc.	0.18%	0.21%	0.24%	0.31%	0.25%	0.13%	0.05%	0.39%	1.42%	0.88%	40.49%	1.22%
TOST Toast, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

HWM vs. TOST - Profitability Comparison

The chart below illustrates the profitability comparison between Howmet Aerospace Inc. and Toast, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HWM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Howmet Aerospace Inc. reported a gross profit of 683.00M and revenue of 2.17B. Therefore, the gross margin over that period was 31.5%.

TOST - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Toast, Inc. reported a gross profit of 420.00M and revenue of 1.63B. Therefore, the gross margin over that period was 25.7%.

HWM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Howmet Aerospace Inc. reported an operating income of 577.00M and revenue of 2.17B, resulting in an operating margin of 26.6%.

TOST - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Toast, Inc. reported an operating income of 89.00M and revenue of 1.63B, resulting in an operating margin of 5.5%.

HWM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Howmet Aerospace Inc. reported a net income of 372.00M and revenue of 2.17B, resulting in a net margin of 17.2%.

TOST - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Toast, Inc. reported a net income of 101.00M and revenue of 1.63B, resulting in a net margin of 6.2%.