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CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · HXL

1Y3Y5YMax
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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$1.89B$1.90B$1.79B$1.58B$1.32B$1.50B
Cost of Revenue$1.46B$1.43B$1.36B$1.22B$1.07B$1.26B
Gross Profit$434.80M$469.80M$433.20M$357.10M$250.10M$239.70M
R&D$56.40M$57.10M$52.70M$45.80M$45.10M$46.60M
SG&A$169.00M$176.60M$163.80M$148.00M$135.00M$121.10M
Total Operating Expenses------
D&A$122.30M$124.00M$124.80M$126.20M$138.00M$140.90M
Operating Income$171.60M$186.10M$215.30M$175.20M$51.80M$14.10M
Interest Expense$37.70M$31.20M$34.00M$36.20M$38.30M$41.80M
Income Tax$25.60M$22.80M$12.10M$31.60M$5.90M($61.00M)
Net Income$132.10M$132.10M$105.70M$126.30M$16.10M$31.70M
EPS - Basic------
EPS - Diluted------

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$71.00M$125.40M$227.00M$112.00M$127.70M$103.30M
Accounts Receivable$249.30M$212.00M$234.70M$222.70M$160.30M$125.40M
Inventory$328.80M$356.20M$334.40M$319.30M$245.70M$213.50M
Accounts Payable$146.60M$142.30M$159.10M$155.50M$113.20M$70.00M
Current Assets$730.70M$781.50M$864.20M$734.40M$616.30M$535.90M
Total Assets$2.70B$2.73B$2.92B$2.84B$2.82B$2.92B
Current Liabilities$322.70M$353.50M$315.90M$329.80M$247.60M$183.10M
Long-term Debt$993.00M$700.60M$699.40M$723.30M$822.40M$925.50M
Total Liabilities$1.45B$1.20B$1.20B$1.28B$1.33B$1.41B
Stockholders' Equity$1.25B$1.53B$1.72B$1.55B$1.49B$1.51B
Retained Earnings$2.31B$2.25B$2.17B$2.10B$2.01B$2.00B

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$230.50M$289.90M$257.10M$173.10M$151.70M$264.30M
Investing Cash Flow($76.00M)($87.00M)($50.70M)($54.60M)($27.90M)($50.60M)
Financing Cash Flow($212.30M)($301.70M)($92.60M)($130.00M)($96.80M)($178.50M)
CapEx$73.30M$87.00M$108.20M$76.30M$27.90M$50.60M
Free Cash Flow$157.20M$202.90M$148.90M$96.80M$123.80M$213.70M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin23.0%24.7%24.2%22.6%18.9%16.0%
Operating margin9.1%9.8%12.0%11.1%3.9%0.9%
EBITDA margin15.5%16.3%19.0%19.1%14.3%10.3%
Net margin7.0%6.9%5.9%8.0%1.2%2.1%
Free cash flow margin8.3%10.7%8.3%6.1%9.3%14.2%
FCF / Net income1.191.541.410.777.696.74
R&D / Revenue3.0%3.0%2.9%2.9%3.4%3.1%
SG&A / Revenue8.9%9.3%9.2%9.4%10.2%8.1%
Effective tax rate16.2%14.7%10.3%20.0%26.8%-
Return on assets4.9%4.8%3.6%4.5%0.6%1.1%
Return on equity10.6%8.6%6.2%8.1%1.1%2.1%
Return on invested capital6.4%7.1%8.0%6.2%1.6%0.5%
Liquidity
Current ratio2.262.212.742.232.492.93
Quick ratio1.251.201.681.261.501.76
Cash ratio0.220.350.720.340.520.56
Leverage
Debt / Equity0.790.460.410.470.550.61
Debt / Assets0.370.260.240.250.290.32
Debt / EBITDA3.382.262.062.404.335.97
Interest coverage4.6x6.0x6.3x4.8x1.4x0.3x
Equity multiplier2.161.781.701.831.901.93
Liabilities / Assets0.540.440.410.450.470.48
Efficiency
Asset turnover0.700.700.610.560.470.51
Inventory turnover4.444.024.053.824.375.91
Days sales outstanding48d41d48d52d44d30d
Days inventory outstanding82d91d90d95d83d62d
Days payable outstanding37d36d43d46d38d20d
Cash conversion cycle94d95d95d101d89d72d
Valuation
P / E------
P / B4.7x3.4x3.7x3.2x3.0x2.7x
P / S3.1x2.7x3.5x3.2x3.3x2.7x
EV / EBITDA23.3x18.6x19.9x18.6x26.7x31.6x
Growth
Revenue growth (YoY)-0.5%6.4%13.4%19.1%-11.8%-36.2%
Revenue CAGR (3y)6.3%12.8%6.0%-12.5%-12.9%-
Revenue CAGR (5y)4.7%-4.2%-2.2%---
Gross profit growth (YoY)-7.4%8.4%21.3%42.8%4.3%-62.6%
Operating income growth (YoY)-7.8%-13.6%22.9%238.2%267.4%-96.7%
Net income growth (YoY)0.0%25.0%-16.3%684.5%-49.2%-89.7%
EPS growth (YoY)------
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)-22.5%36.3%53.8%-21.8%-42.1%-25.5%
FCF CAGR (5y)-6.0%-6.7%-7.3%-8.5%11.0%-
Book value growth (YoY)-18.1%-11.0%10.4%4.6%-1.6%4.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.81B total
Composite Materials$1.52B · 83.7%
Engineered Products$377.70M · 20.9%
Corporate Reconciling Items And Eliminations($82.80M) · -4.6%

Product / service

$1.89B total
Commercial Aerospace Market Applications$1.15B · 60.6%
Space And Defense Market Applications$747.00M · 39.4%

Geographic

$2.79B total
US$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%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.09
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9
Strong
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✓ROA improved YoY
  • ✓Cash flow > net income
  • ✗Long-term debt decreased
  • ✓Current ratio improved
  • ✓No share dilution
  • ✗Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Plastic Materials, Synth Resins & Nonvulcan Elastomers

CompanyRevenue (last FY)Net marginROE
DD$6.85B-11.4%-5.6%
EMN$8.75B5.4%8.0%
AVNT$3.26B2.5%3.4%
TSE$2.97B-18.3%49.7%
DOW$39.97B-6.6%-16.4%

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-datePer 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