• Howmet Aerospace average gross margin for 2023 was 27.5%, a 0.97% increase from 2022.
• Howmet Aerospace average gross margin for 2022 was 27.77%, a 2.02% decline from 2021.
• Howmet Aerospace average gross margin for 2021 was 27.22%, a 2.99% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.