Financials · HXL

Hexcel Corporation (HXL) financials

For the twelve months ended Sep 30, 2026, Hexcel Corporation reported $2.02B of revenue and $171.50M of net income.

Revenue, TTM
$2.02B
Revenue growth, YoY
+7.6%
Net income, TTM
$171.50M
Net income growth, YoY
+149.3%
Net margin
8.5%
Free cash flow, TTM
$209.80M
EPS, diluted, TTM
$2.22
EPS growth, YoY
+161.2%
Cash
$77.80M
Total debt
$934.90M
P/E
36.07
P/S
3.06
Market cap
$6.19B
Annual revenue$1.89B
FY2016FY2025
Annual net income$109.40M
FY2016FY2025
Annual free cash flow$157.20M
FY2016FY2025

HXL revenue and earnings growth

HXL revenueQ3 2026$496.40M

Quarter YoY
+8.8%
QoQ
-6.2%
FY YoY
-0.5%
5Y CAGR
+4.7%

HXL revenue was $496.40M in fiscal Q3 2026 (ended Sep 30, 2026), up 8.8% from a year earlier and down 6.2% from the prior quarter. For the full fiscal 2025 it was $1.89B, down 0.5% from fiscal 2024. Compound annual growth was +4.7% over 5 years. It rose in 5 of the last 9 fiscal years.

HXL net incomeQ3 2026$38.60M

Quarter YoY
+87.4%
QoQ
-21.7%
FY YoY
-17.2%
5Y CAGR
+28.1%
10Y CAGR
-7.4%

HXL net income was $38.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 87.4% from a year earlier and down 21.7% from the prior quarter. For the full fiscal 2025 it was $109.40M, down 17.2% from fiscal 2024. Compound annual growth was +28.1% over 5 years and -7.4% over 10 years. It rose in 5 of the last 10 fiscal years.

HXL EPSQ3 2026$0.50

Quarter YoY
+92.3%
QoQ
-21.9%
FY YoY
-13.8%
5Y CAGR
+29.2%
10Y CAGR
-5.6%

HXL diluted EPS was $0.50 in fiscal Q3 2026 (ended Sep 30, 2026), up 92.3% from a year earlier and down 21.9% from the prior quarter. For the full fiscal 2025 it was $1.37, down 13.8% from fiscal 2024. Compound annual growth was +29.2% over 5 years and -5.6% over 10 years.

HXL free cash flowQ3 2026$50.70M

Quarter YoY
-47.5%
QoQ
-12.6%
FY YoY
-22.5%
5Y CAGR
-6.0%

HXL free cash flow was $50.70M in fiscal Q3 2026 (ended Sep 30, 2026), down 47.5% from a year earlier and down 12.6% from the prior quarter. For the full fiscal 2025 it was $157.20M, down 22.5% from fiscal 2024. Compound annual growth was -6.0% over 5 years. It rose in 5 of the last 9 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$1.89B$1.90B$1.79B$1.58B$1.32B$1.50B$2.36B$2.19B$1.97B$2.00B
Cost of revenue$1.46B$1.43B$1.36B$1.22B$1.07B$1.26B$1.72B$1.61B$1.42B$1.44B
Gross profit$434.80M$469.80M$433.20M$357.10M$250.10M$239.70M$640.40M$580.80M$551.80M$564.60M
Research and development$56.40M$57.10M$52.70M$45.80M$45.10M$46.60M$56.50M$55.90M$49.40M$46.90M
Selling, general and admin$169.00M$176.60M$163.80M$148.00M$135.00M$121.10M$158.70M$146.00M$151.80M$157.60M
Operating income$171.60M$186.10M$215.30M$175.20M$51.80M$14.10M$425.20M$371.20M$350.60M$360.10M
Interest expense$37.70M$31.20M$34.00M$36.20M$38.30M$41.80M$45.50M$37.70M$27.40M$22.10M
Pre-tax income$135.00M$154.90M$109.70M$149.80M$22.00M-$27.70M$379.70M$333.50M$323.20M$337.60M
Income tax$25.60M$22.80M$12.10M$31.60M$5.90M-$61.00M$76.80M$62.50M$42.50M$90.30M
Net income$109.40M$132.10M$105.70M$126.30M$16.10M$31.70M$306.60M$276.60M$284.00M$249.80M
EPS, basic$1.38$1.61$1.25$1.50$0.19$0.38$3.61$3.15$3.13$2.69
EPS, diluted$1.37$1.59$1.24$1.49$0.19$0.38$3.57$3.11$3.09$2.65
Diluted shares80.0M83.0M85.5M85.0M84.6M84.0M85.8M89.0M91.9M94.2M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$71.00M$125.40M$227.00M$112.00M$127.70M$103.30M$64.40M$32.70M$60.10M$35.20M
Receivables$249.30M$212.00M$234.70M$222.70M$160.30M$125.40M$227.60M$260.90M$248.70M$245.60M
Inventory$328.80M$356.20M$334.40M$319.30M$245.70M$213.50M$333.10M$297.80M$314.00M$291.00M
Current assets$730.70M$781.50M$864.20M$734.40M$616.30M$535.90M$704.90M$675.80M$656.70M$607.00M
Goodwill$191.60M$186.50M$188.70M$187.00M$190.50M$193.10M$189.80M$107.70M$110.10M$66.60M
Total assets$2.70B$2.73B$2.92B$2.84B$2.82B$2.92B$3.13B$2.82B$2.78B$2.40B
Current liabilities$322.70M$353.50M$315.90M$329.80M$247.60M$183.10M$322.60M$326.70M$262.10M$271.90M
Short-term debt$0$100.0K$100.0K$200.0K$900.0K$900.0K$9.50M$9.40M$4.30M$4.30M
Long-term debt$993.00M$700.60M$699.40M$723.30M$822.40M$925.50M$1.05B$947.40M$805.60M$684.40M
Total debt$993.00M$700.70M$699.50M$723.50M$823.30M$926.40M$1.06B$956.80M$809.90M$688.70M
Total liabilities$1.45B$1.20B$1.20B$1.28B$1.33B$1.41B$1.68B$1.50B$1.29B$1.16B
Shareholders' equity$1.25B$1.53B$1.72B$1.55B$1.49B$1.51B$1.45B$1.32B$1.50B$1.24B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$230.50M$289.90M$257.10M$173.10M$151.70M$264.30M$491.10M$421.40M$428.70M$401.40M
Capital expenditures$73.30M$87.00M$108.20M$76.30M$27.90M$50.60M$204.10M$184.10M$278.10M$327.90M
Free cash flow$157.20M$202.90M$148.90M$96.80M$123.80M$213.70M$287.00M$237.30M$150.60M$73.50M
Investing cash flow-$76.00M-$87.00M-$50.70M-$54.60M-$27.90M-$50.60M-$367.30M-$187.50M-$354.10M-$366.50M
Financing cash flow-$212.30M-$301.70M-$92.60M-$130.00M-$96.80M-$178.50M-$91.40M-$257.30M-$58.30M-$46.80M
Dividends paid$53.90M$49.30M$42.20M$33.70M$0$14.20M$4.20M$48.40M$42.60M$39.80M
Share repurchases$454.30M$252.20M$30.10M$0$0$24.60M$143.00M$357.70M$150.30M$111.10M
Stock-based compensation$14.40M$22.20M$20.90M$20.00M$19.00M$15.40M$18.30M$16.20M$17.60M$16.10M
Depreciation and amortization$122.30M$124.00M$124.80M$126.20M$138.00M$140.90M$141.70M$123.10M$104.50M$93.30M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-0.5%6.4%13.4%19.1%-11.8%-36.2%7.6%10.9%-1.5%-
Net income growth, YoY-17.2%25.0%-16.3%684.5%-49.2%-89.7%10.8%-2.6%13.7%5.3%
EPS growth, YoY-13.8%28.2%-16.8%684.2%-50.0%-89.4%14.8%0.6%16.6%8.6%
Gross margin23.0%24.7%24.2%22.6%18.9%16.0%27.2%26.5%28.0%28.2%
Operating margin9.1%9.8%12.0%11.1%3.9%0.9%18.0%17.0%17.8%18.0%
Net margin5.8%6.9%5.9%8.0%1.2%2.1%13.0%12.6%14.4%12.5%
Free cash flow margin8.3%10.7%8.3%6.1%9.3%14.2%12.2%10.8%7.6%3.7%
Return on equity8.7%8.6%6.2%8.1%1.1%2.1%21.2%20.9%19.0%20.1%
Return on assets4.0%4.8%3.6%4.5%0.6%1.1%9.8%9.8%10.2%10.4%
Current ratio2.262.212.742.232.492.932.192.072.512.23
Debt to equity0.790.460.410.470.550.610.730.720.540.55

Source: XBRL data Hexcel Corporation files with the SEC, latest filing dated Oct 21, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HXL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HXL$2.02B+7.6%$171.50M8.5%$6.19B
LIN$36.24B+8.2%$7.01B19.3%$239.54B
APD$12.60B+4.5%-$47.30M-0.4%$69.53B
DOW$42.61B+4.2%-$897.00M-2.1%$22.78B
IFF$11.69B+24.3%$182.00M1.6%$20.83B
DD$7.06B+3.2%$301.00M4.3%$20.79B
LYB$31.96B+3.5%$1.30B4.1%$19.59B
ALB$6.15B+24.4%$681.63M11.1%$11.20B
SOLS$4.17B+9.4%$325.00M7.8%$10.22B

HXL FAQ

9 questions
  • What is HXL revenue?
    Hexcel Corporation (HXL) reported $2.02B of revenue for the twelve months ended Sep 30, 2026. That is up 7.6% from the year before. Revenue for fiscal 2025 was $1.89B.
  • Is HXL profitable?
    Yes. Hexcel Corporation earned $171.50M in net income for the twelve months ended Sep 30, 2026, a net margin of 8.5%.
  • How much cash and debt does HXL have?
    Hexcel Corporation reported $77.80M in cash and cash equivalents and $934.90M of debt on its most recent balance sheet in SEC filings.
  • How fast is HXL revenue growing?
    Hexcel Corporation's revenue changed -0.5% in fiscal 2025, to $1.89B. Its compound annual growth rate was +4.7% over 5 years.
  • What is HXL gross margin?
    Hexcel Corporation's gross profit was $509.30M on $2.02B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 25.2%.
  • What is HXL free cash flow?
    Hexcel Corporation generated $209.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $296.60M less capital expenditures.
  • What is HXL earnings per share?
    Diluted earnings per share were $2.22 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did HXL last report financial results?
    The latest statements here come from Hexcel Corporation's 10-Q filed on Oct 21, 2026, covering the period ended Sep 30, 2026.
  • Where does this HXL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Hexcel Corporation files with the SEC. It is provided for information only and is not investment advice.