HXL · Hexcel Corp /De/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $501.50M | - | $456.20M | $489.90M | $456.50M | - | $456.50M | $500.40M | $472.30M | - |
| Cost of Revenue | $366.80M | - | $356.30M | $378.40M | $354.10M | - | $350.00M | $373.80M | $354.10M | - |
| Gross Profit | $134.70M | - | $99.90M | $111.50M | $102.40M | - | $106.50M | $126.60M | $118.20M | - |
| R&D | $17.80M | - | $14.00M | $14.30M | $13.80M | - | $13.80M | $14.70M | $15.10M | - |
| SG&A | $49.40M | - | $41.10M | $43.00M | $43.30M | - | $39.80M | $39.90M | $49.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $30.40M | - | $30.90M | $29.60M | $29.80M | - | $31.00M | $31.00M | $31.00M | - |
| Operating Income | $57.60M | - | $36.00M | $30.00M | $44.20M | - | $52.50M | $71.80M | $52.90M | - |
| Interest Expense | $11.80M | - | $9.20M | $9.10M | $7.80M | - | $8.50M | $8.10M | $6.50M | - |
| Income Tax | $8.30M | - | $6.20M | $8.30M | $7.10M | - | $4.20M | $13.70M | $9.90M | - |
| Net Income | $37.20M | - | $39.80M | $13.50M | $28.90M | - | $39.80M | $50.00M | $36.50M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $54.10M | $71.00M | $90.50M | $77.20M | $89.20M | $125.40M | $98.20M | $75.40M | $85.90M | $227.00M |
| Accounts Receivable | $291.00M | $249.30M | $234.30M | $271.40M | $258.60M | $212.00M | $258.60M | $283.10M | $271.00M | $234.70M |
| Inventory | $339.80M | $328.80M | $357.60M | $375.40M | $381.50M | $356.20M | $376.00M | $351.50M | $353.80M | $334.40M |
| Accounts Payable | $140.70M | $146.60M | $124.40M | $111.10M | $117.70M | $142.30M | $124.20M | $124.80M | $128.10M | $159.10M |
| Current Assets | $769.70M | $730.70M | $787.40M | $847.40M | $822.50M | $781.50M | $828.00M | $807.60M | $789.70M | $864.20M |
| Total Assets | $2.72B | $2.70B | $2.76B | $2.84B | $2.78B | $2.73B | $2.86B | $2.83B | $2.82B | $2.92B |
| Current Liabilities | $313.70M | $322.70M | $286.00M | $315.50M | $317.50M | $353.50M | $300.00M | $293.70M | $288.60M | $315.90M |
| Long-term Debt | $998.10M | $993.00M | $757.90M | $827.70M | $787.10M | $700.60M | $805.10M | $794.90M | $714.60M | $699.40M |
| Total Liabilities | $1.46B | $1.45B | $1.19B | $1.29B | $1.25B | $1.20B | $1.27B | $1.26B | $1.19B | $1.20B |
| Stockholders' Equity | $1.27B | $1.25B | $1.57B | $1.55B | $1.53B | $1.53B | $1.59B | $1.57B | $1.63B | $1.72B |
| Retained Earnings | $2.33B | $2.31B | $2.27B | $2.27B | $2.27B | $2.25B | $2.26B | $2.23B | $2.19B | $2.17B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.00M | - | - | - | ($28.50M) | - | - | - | ($7.00M) | - |
| Investing Cash Flow | ($25.20M) | - | - | - | ($27.20M) | - | - | - | ($28.70M) | - |
| Financing Cash Flow | ($10.30M) | - | - | - | $18.20M | - | - | - | ($104.30M) | - |
| CapEx | $25.20M | - | - | - | $26.10M | - | - | - | $28.70M | - |
| Free Cash Flow | ($6.20M) | - | - | - | ($54.60M) | - | - | - | ($35.70M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.9% | - | 21.9% | 22.8% | 22.4% | - | 23.3% | 25.3% | 25.0% | - |
| Operating margin | 11.5% | - | 7.9% | 6.1% | 9.7% | - | 11.5% | 14.3% | 11.2% | - |
| EBITDA margin | 17.5% | - | 14.7% | 12.2% | 16.2% | - | 18.3% | 20.5% | 17.8% | - |
| Net margin | 7.4% | - | 8.7% | 2.8% | 6.3% | - | 8.7% | 10.0% | 7.7% | - |
| Free cash flow margin | -1.2% | - | - | - | -12.0% | - | - | - | -7.6% | - |
| FCF / Net income | -0.17 | - | - | - | -1.89 | - | - | - | -0.98 | - |
| R&D / Revenue | 3.5% | - | 3.1% | 2.9% | 3.0% | - | 3.0% | 2.9% | 3.2% | - |
| SG&A / Revenue | 9.9% | - | 9.0% | 8.8% | 9.5% | - | 8.7% | 8.0% | 10.4% | - |
| Effective tax rate | 18.2% | - | 13.5% | 38.1% | 19.7% | - | 9.5% | 21.5% | 21.3% | - |
| Return on assets | 1.4% | - | 1.4% | 0.5% | 1.0% | - | 1.4% | 1.8% | 1.3% | - |
| Return on equity | 2.9% | - | 2.5% | 0.9% | 1.9% | - | 2.5% | 3.2% | 2.2% | - |
| Return on invested capital | 2.1% | - | 1.3% | 0.8% | 1.5% | - | 2.0% | 2.4% | 1.8% | - |
| Liquidity | ||||||||||
| Current ratio | 2.45 | 2.26 | 2.75 | 2.69 | 2.59 | 2.21 | 2.76 | 2.75 | 2.74 | 2.74 |
| Quick ratio | 1.37 | 1.25 | 1.50 | 1.50 | 1.39 | 1.20 | 1.51 | 1.55 | 1.51 | 1.68 |
| Cash ratio | 0.17 | 0.22 | 0.32 | 0.24 | 0.28 | 0.35 | 0.33 | 0.26 | 0.30 | 0.72 |
| Leverage | ||||||||||
| Debt / Equity | 0.79 | 0.79 | 0.48 | 0.53 | 0.51 | 0.46 | 0.51 | 0.51 | 0.44 | 0.41 |
| Debt / Assets | 0.37 | 0.37 | 0.27 | 0.29 | 0.28 | 0.26 | 0.28 | 0.28 | 0.25 | 0.24 |
| Debt / EBITDA | 11.34 | - | 11.33 | 13.89 | 10.64 | - | 9.64 | 7.73 | 8.52 | - |
| Interest coverage | 4.9x | - | 3.9x | 3.3x | 5.7x | - | 6.2x | 8.9x | 8.1x | - |
| Equity multiplier | 2.15 | 2.16 | 1.76 | 1.83 | 1.81 | 1.78 | 1.80 | 1.80 | 1.73 | 1.70 |
| Liabilities / Assets | 0.54 | 0.54 | 0.43 | 0.45 | 0.45 | 0.44 | 0.44 | 0.44 | 0.42 | 0.41 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.17 | 0.17 | 0.16 | - | 0.16 | 0.18 | 0.17 | - |
| Inventory turnover | 1.08 | - | 1.00 | 1.01 | 0.93 | - | 0.93 | 1.06 | 1.00 | - |
| Days sales outstanding | 212d | - | 187d | 202d | 207d | - | 207d | 206d | 209d | - |
| Days inventory outstanding | 338d | - | 366d | 362d | 393d | - | 392d | 343d | 365d | - |
| Days payable outstanding | 140d | - | 127d | 107d | 121d | - | 130d | 122d | 132d | - |
| Cash conversion cycle | 410d | - | 426d | 457d | 479d | - | 469d | 428d | 442d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 4.9x | - | 3.2x | 2.9x | 2.9x | - | 3.2x | 3.3x | 3.8x | - |
| P / S | 12.4x | - | 11.0x | 9.3x | 9.8x | - | 11.1x | 10.4x | 13.1x | - |
| EV / EBITDA | 81.3x | - | 85.2x | 89.0x | 69.9x | - | 69.3x | 57.5x | 81.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.9% | - | -0.1% | -2.1% | -3.3% | - | 8.8% | 10.1% | 3.2% | - |
| Revenue CAGR (3y) | 3.1% | - | 7.7% | 7.6% | 5.3% | - | 11.0% | 16.0% | 15.0% | - |
| Revenue CAGR (5y) | 10.1% | - | 9.7% | 5.3% | -3.3% | - | -4.4% | -3.9% | -5.0% | - |
| Gross profit growth (YoY) | 31.5% | - | -6.2% | -11.9% | -13.4% | - | 16.3% | 14.3% | -7.4% | - |
| Operating income growth (YoY) | 30.3% | - | -31.4% | -58.2% | -16.4% | - | 20.4% | 17.1% | -15.8% | - |
| Net income growth (YoY) | 28.7% | - | 0.0% | -73.0% | -20.8% | - | 2.8% | 17.6% | -14.5% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 88.6% | - | - | - | -52.9% | - | - | - | 14.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -17.4% | -18.1% | -1.4% | -1.1% | -6.1% | -11.0% | -3.5% | -5.7% | 0.6% | 10.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.81B totalComposite Materials$1.52B · 83.7%
Engineered Products$377.70M · 20.9%
Corporate Reconciling Items And Eliminations($82.80M) · -4.6%
Product / service
$1.89B totalCommercial Aerospace Market Applications$1.15B · 60.6%
Space And Defense Market Applications$747.00M · 39.4%
Geographic
$2.79B totalUS$997.50M · 35.7%
International$896.40M · 32.1%
FR$331.30M · 11.9%
ES$209.50M · 7.5%
GB$162.20M · 5.8%
DE$135.00M · 4.8%
Other Countries$31.40M · 1.1%
AT$27.00M · 1.0%
Peer comparison
Same SIC group: Plastic Materials, Synth Resins & Nonvulcan Elastomers
Comparing HEXCEL CORP /DE/ against the 5 most active filers in the same SIC group.
Dividends
$0.70/share trailing 12 months · +9.4% YoY
| Ex-date | Per share |
|---|---|
| May 4, 2026 | $0.1800 |
| Feb 9, 2026 | $0.1800 |
| Nov 3, 2025 | $0.1700 |
| Aug 8, 2025 | $0.1700 |
| May 2, 2025 | $0.1700 |
| Feb 7, 2025 | $0.1700 |
| Nov 1, 2024 | $0.1500 |
| Aug 2, 2024 | $0.1500 |
| May 2, 2024 | $0.1500 |
| Feb 8, 2024 | $0.1500 |
| Nov 2, 2023 | $0.1250 |
| Aug 3, 2023 | $0.1250 |
| May 4, 2023 | $0.1250 |
| Feb 9, 2023 | $0.1250 |
| Nov 3, 2022 | $0.1000 |
| Aug 4, 2022 | $0.1000 |
| May 5, 2022 | $0.1000 |
| Feb 10, 2022 | $0.1000 |
| Feb 13, 2020 | $0.1700 |
| Oct 31, 2019 | $0.1700 |
| Aug 1, 2019 | $0.1700 |
| May 2, 2019 | $0.1500 |
| Feb 4, 2019 | $0.1500 |
| Nov 1, 2018 | $0.1500 |