Hexcel (HXL)

NYSE Industrials Aerospace & Defense S&P MidCap 400

$80.40

-0.22 (-0.27%)

Close of Nov 06, 2026 · end-of-day data

Source: Hexcel's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.00B	$1.97B	$2.19B	$2.36B	$1.50B	$1.32B	$1.58B	$1.79B	$1.90B	$1.89B
Cost of revenue	$1.44B	$1.42B	$1.61B	$1.72B	$1.26B	$1.07B	$1.22B	$1.36B	$1.43B	$1.46B
Gross profit	$564.60M	$551.80M	$580.80M	$640.40M	$239.70M	$250.10M	$357.10M	$433.20M	$469.80M	$434.80M
Research & development	$46.90M	$49.40M	$55.90M	$56.50M	$46.60M	$45.10M	$45.80M	$52.70M	$57.10M	$56.40M
Selling, general & admin	$157.60M	$151.80M	$146.00M	$158.70M	$121.10M	$135.00M	$148.00M	$163.80M	$176.60M	$169.00M
Operating income	$360.10M	$350.60M	$371.20M	$425.20M	$14.10M	$51.80M	$175.20M	$215.30M	$186.10M	$171.60M
Interest expense	$22.10M	$27.40M	$37.70M	$45.50M	$41.80M	$38.30M	$36.20M	$34.00M	$31.20M	$37.70M
Pre-tax income	$337.60M	$323.20M	$333.50M	$379.70M	-$27.70M	$22.00M	$149.80M	$109.70M	$154.90M	$135.00M
Income tax	$90.30M	$42.50M	$62.50M	$76.80M	-$61.00M	$5.90M	$31.60M	$12.10M	$22.80M	$25.60M
Net income	$249.80M	$284.00M	$276.60M	$306.60M	$31.70M	$16.10M	$126.30M	$105.70M	$132.10M	$109.40M
EBITDA	$453.40M	$455.10M	$494.30M	$566.90M	$155.00M	$189.80M	$301.40M	$340.10M	$310.10M	$293.90M
Diluted shares	94.20M	91.90M	89.00M	85.80M	84.00M	84.60M	85.00M	85.50M	83.00M	80.00M
Gross margin	28.2%	28.0%	26.5%	27.2%	16.0%	18.9%	22.6%	24.2%	24.7%	23.0%
Operating margin	18.0%	17.8%	17.0%	18.0%	0.9%	3.9%	11.1%	12.0%	9.8%	9.1%
Net margin	12.5%	14.4%	12.6%	13.0%	2.1%	1.2%	8.0%	5.9%	6.9%	5.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$35.20M	$60.10M	$32.70M	$64.40M	$103.30M	$127.70M	$112.00M	$227.00M	$125.40M	$71.00M
Receivables	$245.60M	$248.70M	$260.90M	$227.60M	$125.40M	$160.30M	$222.70M	$234.70M	$212.00M	$249.30M
Inventory	$291.00M	$314.00M	$297.80M	$333.10M	$213.50M	$245.70M	$319.30M	$334.40M	$356.20M	$328.80M
Total current assets	$607.00M	$656.70M	$675.80M	$704.90M	$535.90M	$616.30M	$734.40M	$864.20M	$781.50M	$730.70M
Goodwill	$66.60M	$110.10M	$107.70M	$189.80M	$193.10M	$190.50M	$187.00M	$188.70M	$186.50M	$191.60M
Total assets	$2.40B	$2.78B	$2.82B	$3.13B	$2.92B	$2.82B	$2.84B	$2.92B	$2.73B	$2.70B
Total current liabilities	$271.90M	$262.10M	$326.70M	$322.60M	$183.10M	$247.60M	$329.80M	$315.90M	$353.50M	$322.70M
Short-term debt	$4.30M	$4.30M	$9.40M	$9.50M	$900.00K	$900.00K	$200.00K	$100.00K	$100.00K	$0
Long-term debt	$684.40M	$805.60M	$947.40M	$1.05B	$925.50M	$822.40M	$723.30M	$699.40M	$700.60M	$993.00M
Total debt	$688.70M	$809.90M	$956.80M	$1.06B	$926.40M	$823.30M	$723.50M	$699.50M	$700.70M	$993.00M
Total liabilities	$1.16B	$1.29B	$1.50B	$1.68B	$1.41B	$1.33B	$1.28B	$1.20B	$1.20B	$1.45B
Shareholders' equity	$1.24B	$1.50B	$1.32B	$1.45B	$1.51B	$1.49B	$1.55B	$1.72B	$1.53B	$1.25B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$401.40M	$428.70M	$421.40M	$491.10M	$264.30M	$151.70M	$173.10M	$257.10M	$289.90M	$230.50M
Capital expenditures	$327.90M	$278.10M	$184.10M	$204.10M	$50.60M	$27.90M	$76.30M	$108.20M	$87.00M	$73.30M
Free cash flow	$73.50M	$150.60M	$237.30M	$287.00M	$213.70M	$123.80M	$96.80M	$148.90M	$202.90M	$157.20M
Investing cash flow	-$366.50M	-$354.10M	-$187.50M	-$367.30M	-$50.60M	-$27.90M	-$54.60M	-$50.70M	-$87.00M	-$76.00M
Financing cash flow	-$46.80M	-$58.30M	-$257.30M	-$91.40M	-$178.50M	-$96.80M	-$130.00M	-$92.60M	-$301.70M	-$212.30M
Dividends paid	$39.80M	$42.60M	$48.40M	$4.20M	$14.20M	$0	$33.70M	$42.20M	$49.30M	$53.90M
Share buybacks	$111.10M	$150.30M	$357.70M	$143.00M	$24.60M	$0	$0	$30.10M	$252.20M	$454.30M
Stock-based compensation	$16.10M	$17.60M	$16.20M	$18.30M	$15.40M	$19.00M	$20.00M	$20.90M	$22.20M	$14.40M
Depreciation & amortization	$93.30M	$104.50M	$123.10M	$141.70M	$140.90M	$138.00M	$126.20M	$124.80M	$124.00M	$122.30M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$457.50M	$472.30M	$500.40M	$456.50M	$473.80M	$456.50M	$489.90M	$456.20M	$491.30M	$501.50M	$529.30M	$496.40M
Cost of revenue	$354.40M	$354.10M	$373.80M	$350.00M	$355.30M	$354.10M	$378.40M	$356.30M	$370.30M	$366.80M	$391.20M	$380.90M
Gross profit	$103.10M	$118.20M	$126.60M	$106.50M	$118.50M	$102.40M	$111.50M	$99.90M	$121.00M	$134.70M	$138.10M	$115.50M
Research & development	$12.10M	$15.10M	$14.70M	$13.80M	$13.50M	$13.80M	$14.30M	$14.00M	$14.30M	$17.80M	$17.30M	$16.20M
Selling, general & admin	$41.90M	$49.00M	$39.90M	$39.80M	$47.90M	$43.30M	$43.00M	$41.10M	$41.60M	$49.40M	$47.20M	$44.90M
Operating income	$47.60M	$52.90M	$71.80M	$52.50M	$8.90M	$44.20M	$30.00M	$36.00M	$61.40M	$57.60M	$72.60M	$54.80M
Interest expense	$7.60M	$6.50M	$8.10M	$8.50M	$8.10M	$7.80M	$9.10M	$9.20M	$11.60M	$11.80M	$12.00M	$12.10M
Pre-tax income	-$31.60M	$46.40M	$63.70M	$44.00M	$800.00K	$36.00M	—	—	—	$45.50M	—	—
Income tax	-$10.40M	$9.90M	$13.70M	$4.20M	-$5.00M	$7.10M	$8.30M	$6.20M	$4.00M	$8.30M	$11.40M	$4.10M
Net income	-$18.20M	$36.50M	$50.00M	$39.80M	$5.80M	$28.90M	$13.50M	$20.60M	$46.40M	$37.20M	$49.30M	$38.60M
EBITDA	$79.20M	$83.90M	$102.80M	$83.50M	$39.90M	$74.00M	$60.80M	$66.90M	$92.20M	$88.00M	$102.70M	$84.80M
Diluted shares	0	84.80M	83.20M	82.10M	-300.00K	81.70M	80.60M	80.30M	-900.00K	76.70M	76.50M	76.70M
Gross margin	22.5%	25.0%	25.3%	23.3%	25.0%	22.4%	22.8%	21.9%	24.6%	26.9%	26.1%	23.3%
Operating margin	10.4%	11.2%	14.3%	11.5%	1.9%	9.7%	6.1%	7.9%	12.5%	11.5%	13.7%	11.0%
Net margin	-4.0%	7.7%	10.0%	8.7%	1.2%	6.3%	2.8%	4.5%	9.4%	7.4%	9.3%	7.8%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$227.00M	$85.90M	$75.40M	$98.20M	$125.40M	$89.20M	$77.20M	$90.50M	$71.00M	$54.10M	$62.20M	$77.80M
Receivables	$234.70M	$271.00M	$283.10M	$258.60M	$212.00M	$258.60M	$271.40M	$234.30M	$249.30M	$291.00M	$299.20M	$271.60M
Inventory	$334.40M	$353.80M	$351.50M	$376.00M	$356.20M	$381.50M	$375.40M	$357.60M	$328.80M	$339.80M	$345.20M	$357.40M
Total current assets	$864.20M	$789.70M	$807.60M	$828.00M	$781.50M	$822.50M	$847.40M	$787.40M	$730.70M	$769.70M	$792.20M	$798.00M
Goodwill	$188.70M	$187.80M	$187.60M	$189.70M	$186.50M	$188.20M	$192.00M	$191.50M	$191.60M	$190.70M	$190.40M	$190.10M
Total assets	$2.92B	$2.82B	$2.83B	$2.86B	$2.73B	$2.78B	$2.84B	$2.76B	$2.70B	$2.72B	$2.73B	$2.73B
Total current liabilities	$315.90M	$288.60M	$293.70M	$300.00M	$353.50M	$317.50M	$315.50M	$286.00M	$322.70M	$313.70M	$326.40M	$310.70M
Short-term debt	$100.00K	$100.00K	$100.00K	$100.00K	$100.00K	$100.00K	$0	$0	$0	—	—	—
Long-term debt	$699.40M	$714.60M	$794.90M	$805.10M	$700.60M	$787.10M	$827.70M	$757.90M	$993.00M	$998.10M	$959.40M	$934.90M
Total debt	$699.50M	$714.70M	$795.00M	$805.20M	$700.70M	$787.20M	$827.70M	$757.90M	$993.00M	$998.10M	$959.40M	$934.90M
Total liabilities	$1.20B	$1.19B	$1.26B	$1.27B	$1.20B	$1.25B	$1.29B	$1.19B	$1.45B	$1.46B	$1.43B	$1.40B
Shareholders' equity	$1.72B	$1.63B	$1.57B	$1.59B	$1.53B	$1.53B	$1.55B	$1.57B	$1.25B	$1.27B	$1.30B	$1.32B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$159.00M	-$7.00M	$44.20M	$90.10M	$162.60M	-$28.50M	$23.30M	$110.20M	$125.50M	$19.00M	$77.70M	$74.40M
Capital expenditures	$13.80M	$28.70M	$22.90M	$16.80M	$18.60M	$26.10M	$15.30M	$13.70M	$18.20M	$25.20M	$19.70M	$23.70M
Free cash flow	$145.20M	-$35.70M	$21.30M	$73.30M	$144.00M	-$54.60M	$8.00M	$96.50M	$107.30M	-$6.20M	$58.00M	$50.70M
Investing cash flow	$30.90M	-$28.70M	-$22.90M	-$16.80M	-$18.60M	-$27.20M	-$15.30M	-$15.30M	-$18.20M	-$25.20M	-$19.70M	-$23.70M
Financing cash flow	-$62.90M	-$104.30M	-$31.70M	-$51.80M	-$113.90M	$18.20M	-$22.30M	-$81.40M	-$126.80M	-$10.30M	-$49.40M	-$34.80M
Dividends paid	$10.50M	$12.60M	$12.40M	$12.20M	$12.10M	$13.80M	$13.70M	$13.50M	$12.90M	$13.70M	$13.60M	$13.60M
Share buybacks	$0	$100.70M	$101.10M	$50.40M	$0	$50.40M	$50.50M	$0	$353.40M	$0	$0	$0
Stock-based compensation	$2.60M	$13.10M	$3.30M	$2.90M	$2.90M	$9.70M	$2.70M	$1.00M	$1.00M	$9.30M	$5.20M	$3.90M
Depreciation & amortization	$31.60M	$31.00M	$31.00M	$31.00M	$31.00M	$29.80M	$30.80M	$30.90M	$30.80M	$30.40M	$30.10M	$30.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.