HEXCEL CORP /DE/ HXL

Healthcare SIC 2821 - Plastic Materials, Synth Resins & Nonvulcan Elastomers NAICS Manufacturing › Chemical Manufacturing › Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing › Resin and Synthetic Rubber Manufacturing › Plastics Material and Resin Manufacturing derived NYSE

Hexcel Corporation and its subsidiaries (herein referred to as "Hexcel", "the Company", "we", "us", or "our"), is a global leader in advanced lightweight composites technology. We propel the future of flight and transportation through excellence in advanced material lightweighting solutions that create a better world for us all. Our broad product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, defense and space, and industrial applications.

We are a manufacturer of products within a single industry: Advanced Composites. We have two reportable segments: Composite Materials and Engineered Products. The Composite Materials segment is comprised of our carbon fiber, specialty reinforcements, resin systems, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment is comprised of lightweight high strength composite structures, radio frequency/electromagnetic interference ("RF/EMI") and microwave absorbing materials, engineered core and specialty machined honeycomb products with added functionality.

Last close 79.62 2026-10-23
Market cap $6.02B 2026-06-30 share count
52-week range 67.38 - 111.73

Valuation FY2025 figures against the last close

P/S3.2x
P/E—
P/FCF38.3x
EV/EBITDA23.6x
Dividend yield0.9%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 $434.8M$469.8M$433.2M$357.1M$250.1M$239.7M$640.4M$580.8M$551.8M$564.6M
R&D $56.4M$57.1M$52.7M$45.8M$45.1M$46.6M$56.5M$55.9M$49.4M$46.9M
SG&A $169.0M$176.6M$163.8M$148.0M$135.0M$121.1M$158.7M$146.0M$151.8M$157.6M
Operating income $171.6M$186.1M$215.3M$175.2M$51.8M$14.1M$425.2M$371.2M$350.6M$360.1M
Interest expense $37.7M$31.2M$34.0M$36.2M$38.3M$41.8M$45.5M$37.7M$27.4M$22.1M
Pre-tax income $135.0M$154.9M$109.7M$149.8M$22.0M-$27.7M$379.7M$333.5M$323.2M$337.6M
Income tax $25.6M$22.8M$12.1M$31.6M$5.9M$61.0M$76.8M$62.5M$42.5M$90.3M
Net income $109.4M$132.1M$105.7M$126.3M$16.1M$31.7M$306.6M$276.6M$284.0M$249.8M
Shares, diluted (wtd. avg.) 80.0M83.0M85.5M85.0M84.6M84.0M85.8M89.0M91.9M94.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $71.0M$125.4M$227.0M$112.0M$127.7M$103.3M$64.4M$32.7M$60.1M$35.2M
Receivables $249.3M$212.0M$234.7M$222.7M$160.3M$125.4M$227.6M$260.9M$248.7M$245.6M
Inventory $328.8M$356.2M$334.4M$319.3M$245.7M$213.5M$333.1M$297.8M$314.0M$291.0M
Total current assets $730.7M$781.5M$864.2M$734.4M$616.3M$535.9M$704.9M$675.8M$656.7M$607.0M
Property, plant and equipment $1.61B$1.60B$1.68B$1.66B$1.75B$1.87B$1.94B$1.88B$1.87B$1.63B
Goodwill $191.6M$186.5M$188.7M$187.0M$190.5M$193.1M$189.8M$107.7M$110.1M$66.6M
Other intangibles $41.6M$46.2M$58.5M$65.4M$72.7M$75.4M$81.4M$30.5M$33.5M$2.1M
Total assets $2.70B$2.73B$2.92B$2.84B$2.82B$2.92B$3.13B$2.82B$2.78B$2.40B
Accounts payable $146.6M$142.3M$159.1M$155.5M$113.2M$70.0M$157.6M$161.9M$144.1M$137.3M
Short-term debt $0$100.0K$100.0K$200.0K$900.0K$900.0K$9.5M$9.4M$4.3M$4.3M
Total current liabilities $322.7M$353.5M$315.9M$329.8M$247.6M$183.1M$322.6M$326.7M$262.1M$271.9M
Long-term debt $993.0M$700.6M$699.4M$723.3M$822.4M$925.5M$1.05B$947.4M$805.6M$684.4M
Total liabilities $1.45B$1.20B$1.20B$1.28B$1.33B$1.41B$1.68B$1.50B$1.29B$1.16B
Retained earnings $2.31B$2.25B$2.17B$2.10B$2.01B$2.00B$1.98B$1.73B$1.50B$1.25B
Total equity $1.25B$1.53B$1.72B$1.55B$1.49B$1.51B$1.45B$1.32B$1.50B$1.24B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $230.5M$289.9M$257.1M$173.1M$151.7M$264.3M$491.1M$421.4M$428.7M$401.4M
Depreciation and amortisation $122.3M$124.0M$124.8M$126.2M$138.0M$140.9M$141.7M$123.1M$104.5M$93.3M
Stock-based compensation $14.4M$22.2M$20.9M$20.0M$19.0M$15.4M$18.3M$16.2M$17.6M$16.1M
Capital expenditure $73.3M$87.0M$108.2M$76.3M$27.9M$50.6M$204.1M$184.1M$278.1M$327.9M
Investing cash flow -$76.0M-$87.0M-$50.7M-$54.6M-$27.9M-$50.6M-$367.3M-$187.5M-$354.1M-$366.5M
Financing cash flow -$212.3M-$301.7M-$92.6M-$130.0M-$96.8M-$178.5M-$91.4M-$257.3M-$58.3M-$46.8M
Dividends paid $53.9M$49.3M$42.2M$33.7M$0$14.2M$4.2M$48.4M$42.6M$39.8M
Buybacks $454.3M$252.2M$30.1M$0$0$24.6M$143.0M$357.7M$150.3M$111.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-046377.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 2B Gross profit, FY2016: 564.6M Net income, FY2016: 249.8M Revenue, FY2017: 2B Gross profit, FY2017: 551.8M Net income, FY2017: 284M Revenue, FY2018: 2.2B Gross profit, FY2018: 580.8M Net income, FY2018: 276.6M Revenue, FY2019: 2.4B Gross profit, FY2019: 640.4M Net income, FY2019: 306.6M Revenue, FY2020: 1.5B Gross profit, FY2020: 239.7M Net income, FY2020: 31.7M Revenue, FY2021: 1.3B Gross profit, FY2021: 250.1M Net income, FY2021: 16.1M Revenue, FY2022: 1.6B Gross profit, FY2022: 357.1M Net income, FY2022: 126.3M Revenue, FY2023: 1.8B Gross profit, FY2023: 433.2M Net income, FY2023: 105.7M Revenue, FY2024: 1.9B Gross profit, FY2024: 469.8M Net income, FY2024: 132.1M Revenue, FY2025: 1.9B Gross profit, FY2025: 434.8M Net income, FY2025: 109.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.00B $1.97B $2.19B $2.36B $1.50B $1.32B $1.58B $1.79B $1.90B $1.89B
Gross profit $564.6M $551.8M $580.8M $640.4M $239.7M $250.1M $357.1M $433.2M $469.8M $434.8M
Net income $249.8M $284.0M $276.6M $306.6M $31.7M $16.1M $126.3M $105.7M $132.1M $109.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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