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Stock research / United States / HXL · Plastic Materials, Synth Resins & Nonvulcan Elastomers · NYSE

Hexcel Corp. (HXL)

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Hexcel Corp. (HXL) reported revenue of $529 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.0% on the same quarter a year earlier. Net income was $49 million, up 265.2% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$529 millionup 8.0%
Net income$49 millionup 265.2%
Diluted EPS$0.64
QuarterQ2 FY2026ended 30 June 2026

Hexcel (HXL) in brief

Hexcel (HXL) reported revenue of $1.9 billion for fiscal 2025, the year ended 31 December 2025, down 0.5% on the year before.
Read moreNet income was $109 million and diluted earnings per share $1.37. Revenue was $1.9 billion in fiscal 2024, $1.8 billion in fiscal 2023, $1.6 billion in fiscal 2022 and $1.3 billion in fiscal 2021. Net income in the same years was $132 million, $106 million, $126 million and $16 million. Over the twelve months to 30 June 2026, Hexcel reported revenue of $2.0 billion and net income of $154 million. Revenue grew 4.7% a year, compounded, over the five years to fiscal 2025. Hexcel declared $70.95 a share in dividends over the last four quarters and had 76 million shares outstanding at the latest filed count. At 30 June 2026 it carried $959 million of debt and $62 million of cash. At the close of 8 October 2026 the market cap of Hexcel was $6.4 billion, 42.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.8%
ROCE10.1%
Operating margin11.5%
Net margin7.8%
FCF margin12.9%
Interest cover5.10
Debt to equity0.74
Cash conversion2.17
Share count, 1 year-5.0%
Sales CAGR, 3 years6.3%
Profit CAGR, 3 years-4.7%
EPS, TTM$1.99

At the close of 8 October 2026

Price$85.13
Market cap$6.4 billion
Stock P/E42.78
Price to book4.96
EV / EBITDA20.90
Dividend yield83.3%
Market cap / sales3.25
52-week high$110.28
52-week low$61.21
Price, 1 year29.8%
Price CAGR, 3 years8.2%
Price CAGR, 5 years6.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Hexcel Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HXLgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HXL

Filings26 in twelve months: 14 current reports (8-K), about 7 other events; 6 officer or director change; 4 results of operations; 4 regulation fd disclosure; 3 material agreement
Planned insider sales3 Form 144 notices in twelve months, $2.5 million; latest 3 September 2026
Options tapeput/call 0.04 by open interest at the 8 October 2026 close; the straddle prices a 4.5% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.4 million shares short, 5.84 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue420458472500456474456490456491502529
Cost of revenue328354354374350355354378356370367391
Gross profit91.610311812710611810211299.9121135138
Gross margin22%23%25%25%23%25%22%23%22%25%27%26%
R&D13.412.115.114.713.813.513.814.314.014.317.817.3
SG&A35.441.949.039.939.847.943.343.041.141.649.447.2
Operating income43.647.652.971.852.58.944.230.036.061.457.672.6
Operating margin10%10%11%14%12%2%10%6%8%12%11%14%
Interest expense7.87.66.58.18.58.17.89.19.211.611.812.0
Pre-tax income35.8-31.646.463.744.00.836.0n/an/an/a45.5n/a
Tax rate-2%n/a21%22%10%-625%20%n/an/an/a18%n/a
Net income38.7-18.236.550.039.85.828.913.520.646.437.249.3
Net margin9%-4%8%10%9%1%6%3%5%9%7%9%
Diluted EPSn/a-$0.21n/an/a$0.49$0.07$0.35$0.17$0.26$0.60$0.49$0.64
Operating cash flow68.0159-7.044.290.1163-28.523.311012619.077.7
Capital expenditure19.613.828.722.916.818.626.115.313.718.225.219.7
Free cash flow48.4145-35.721.373.3144-54.68.096.5107-6.258.0
Buybacksn/an/a10110150.40.050.450.50.03530.00.0
Dividends paid10.610.512.612.412.212.113.813.713.512.913.713.6
Shares outstanding84m84m83m81,748,036m81m81m80m80m80m76m75m76m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,8561,8612,0041,9732,1892,3561,5021,3251,5781,7891,9031,8941,978
Cost of revenue1,3471,3281,4401,4221,6081,7151,2631,0751,2211,3561,4331,4591,485
Gross profit509533565552581640240250357433470435494
Gross margin27.4%28.6%28.2%28.0%26.5%27.2%16.0%18.9%22.6%24.2%24.7%23.0%25.0%
Research and development47.944.346.949.455.956.546.645.145.852.757.156.463.4
Selling, general and administrative149156158152146159121135148164177169179
Operating income30633236035137142514.151.8175215186172228
Operating margin16.5%17.9%18.0%17.8%17.0%18.0%0.9%3.9%11.1%12.0%9.8%9.1%11.5%
Interest expense8.014.222.127.437.745.541.838.336.234.031.237.744.6
Pre-tax income297318338323334380-27.722.0150110155135n/a
Income tax89.383.090.342.562.576.8-61.05.931.612.122.825.629.9
Effective tax rate30.0%26.1%26.7%13.1%18.7%20.2%n/a26.8%21.1%11.0%14.7%19.0%n/a
Net income20923725028427730731.716.1126106132109154
Net margin11.3%12.7%12.5%14.4%12.6%13.0%2.1%1.2%8.0%5.9%6.9%5.8%7.8%
Diluted EPS$2.12$2.44n/an/an/an/an/an/an/a$1.24$1.59$1.37$1.99
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Composite Materials1,5451,6211,59584.2%
Engineered Products31737338220.1%
Corporate & Other and Intersegment Elimination-73.0-91.2-82.8-4.4%
From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Commercial Aerospace1,0681,1941,14760.6%
Space & Defense72170974739.4%
Commercial AerospaceSpace & Defense
1,789FY20231,903FY20241,894FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow318301401429421491264152173257290230332
Capital expenditure26030532827818420450.627.976.310887.073.376.8
Free cash flow57.9-4.373.515123728721412496.8149203157256
Free cash flow margin3.1%-0.2%3.7%7.6%10.8%12.2%14.2%9.3%6.1%8.3%10.7%8.3%12.9%
Cash from investingn/an/a-366-354-188-367-50.6-27.9-54.6-50.7-87.0-76.0-78.4
Cash from financingn/an/a-46.8-58.3-257-91.4-178-96.8-130-92.6-302-212-268
Depreciation and amortisation71.276.493.3104123142141138126125124122123
Share-based compensation17.217.916.117.616.218.315.419.020.020.922.214.416.5
Buybacks16014611115035814324.60.00.030.1252454353
Dividends paid0.038.339.842.648.454.214.20.033.742.249.353.953.7
Dividend per sharen/a$0.40$0.44$0.47$0.55$0.64$0.17n/a$0.40$0.50$0.60$70.95n/a
Diluted shares, weighted99m97m94m92m89m86m84m85m85m86m83m80m76m
Shares outstanding at period end96m94m91m90m85m84m84m84m84m84m81m76m76m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,1501,1801,2451,4951,3221,4461,5101,4861,5541,7161,5281,2511,298
Short-term borrowings1.3n/an/an/an/an/an/an/an/an/an/an/an/a
Debt4165766898109571,051926822723699701993959
Operating lease liabilitiesn/an/an/an/an/a53.646.540.339.422.019.418.7n/a
Finance lease liabilitiesn/an/an/an/an/a1.81.30.40.20.10.00.0n/a
Other liabilities469431467476545576434471520480478442473
Total liabilities and equity2,0362,1872,4012,7812,8243,1292,9182,8192,8372,9182,7262,7042,731
Owned
Fixed assets1,2381,4261,6261,8661,8761,9431,8741,7461,6581,6791,5971,6121,581
Goodwill53.653.066.6110108190193190187189186192190
Intangible assets2.62.32.133.530.581.475.472.765.458.546.241.645.2
Cash and equivalents70.951.835.260.132.764.410312811222712571.062.2
Receivables234234246249261228125160223235212249299
Inventory290307291314298333214246319334356329345
Other assets148114134148218290333276273196203210207
Total assets2,0362,1872,4012,7812,8243,1292,9182,8192,8372,9182,7262,7042,731
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.2%4.7%6.3%5.4%
Profit growth, compounded-7.4%28.1%-4.7%74.4%
Return on equity, average11.6%6.6%7.9%8.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Dow Inc. DOW$20.6 billionn/a-8.1%n/a-1.2%1.087.3%
DuPont de Nemours, Inc. DD$17.9 billion294.400.4%n/a3.3%0.233.2%
RPM International Inc. RPM$12.7 billion18.4119.8%n/a6.0%0.571.3%
Albemarle Corp. ALB$12.0 billion392.692.2%4.3%18.3%0.181.6%
Solstice Advanced Materials Inc. SOLS$9.6 billionn/a13.2%n/an/a1.24n/a
Newmarket Corp. NEU$8.3 billion19.4423.6%20.0%-1.3%0.471.2%
Westlake Corp. WLK$8.0 billionn/a-14.2%-11.0%-4.0%0.583.4%
Axalta Coating Systems Ltd. AXTA$7.0 billion20.2513.8%13.2%-0.9%1.01n/a
Hexcel Corp. HXL$6.4 billion42.7811.8%11.5%5.4%0.7483.3%
Mosaic Co. MOS$6.3 billionn/a-5.6%-1.4%8.8%0.424.5%
Cabot Corp. CBT$3.9 billion21.2411.8%13.6%-4.7%0.522.3%
Avient Corp. AVNT$3.8 billion22.157.0%9.5%2.4%0.772.6%
All 21 in Chemicals
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Linde plc LIN$222.1 billion31.0818.5%26.5%6.6%0.721.2%
Air Products & Chemicals, Inc. APD$62.0 billionn/a-0.3%-4.7%4.5%1.272.6%
Nutrien Ltd. NTR *$33.7 billion15.029.0%13.9%3.5%0.393.1%
PPG Industries Inc. PPG$23.5 billion15.1118.6%n/a5.0%0.812.6%
International Flavors & Fragrances Inc. IFF$21.6 billionn/an/a7.6%-11.7%0.341.9%
Dow Inc. DOW$20.6 billionn/a-8.1%n/a-1.2%1.087.3%
LyondellBasell Industries N.V. LYB$19.5 billionn/an/an/an/a1.056.8%
DuPont de Nemours, Inc. DD$17.9 billion294.400.4%n/a3.3%0.233.2%
CF Industries Holdings, Inc. CF$17.2 billion8.4236.5%41.1%20.0%0.561.8%
RPM International Inc. RPM$12.7 billion18.4119.8%n/a6.0%0.571.3%
Albemarle Corp. ALB$12.0 billion392.692.2%4.3%18.3%0.181.6%
Solstice Advanced Materials Inc. SOLS$9.6 billionn/a13.2%n/an/a1.24n/a
Newmarket Corp. NEU$8.3 billion19.4423.6%20.0%-1.3%0.471.2%
Westlake Corp. WLK$8.0 billionn/a-14.2%-11.0%-4.0%0.583.4%
Axalta Coating Systems Ltd. AXTA$7.0 billion20.2513.8%13.2%-0.9%1.01n/a
Hexcel Corp. HXL$6.4 billion42.7811.8%11.5%5.4%0.7483.3%
Mosaic Co. MOS$6.3 billionn/a-5.6%-1.4%8.8%0.424.5%
Cabot Corp. CBT$3.9 billion21.2411.8%13.6%-4.7%0.522.3%
Avient Corp. AVNT$3.8 billion22.157.0%9.5%2.4%0.772.6%
Scotts Miracle-Gro Co. SMG$2.9 billion43.85n/a11.8%-2.0%n/a5.2%
Olin Corp. OLN$1.8 billionn/a-11.5%-1.6%0.6%1.775.1%
4 companies share its SEC industry code (Plastic Materials, Synth Resins & Nonvulcan Elastomers); the rest are the names nearest in size in its wider industry, Chemicals, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202622 April 2026EDGAR
10-K31 December 202511 February 2026EDGAR
10-Q30 September 202522 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202521 April 2025EDGAR
10-K31 December 20245 February 2025EDGAR
10-Q30 September 202421 October 2024EDGAR
10-Q30 June 202418 July 2024EDGAR
10-Q31 March 202422 April 2024EDGAR

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