This page shows Hexcel Corp (HXL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hexcel Corp has an operating margin of 9.1%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 9.8% the prior year.
Hexcel Corp's revenue declined 0.5% year-over-year, from $1.9B to $1.9B. This contraction results in a growth score of 33/100.
Hexcel Corp carries a low D/E ratio of 0.79, meaning only $0.79 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Hexcel Corp's current ratio of 2.26 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Hexcel Corp has a free cash flow margin of 8.3%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Hexcel Corp's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 8.6% the prior year.
Hexcel Corp scores 4.82, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.1B) relative to total liabilities ($1.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Hexcel Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Hexcel Corp generates $2.11 in operating cash flow ($230.5M OCF vs $109.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Hexcel Corp earns $4.6 in operating income for every $1 of interest expense ($171.6M vs $37.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Hexcel Corp generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
Hexcel Corp's EBITDA was $293.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.2% from the prior year.
Hexcel Corp reported $109.4M in net income in fiscal year 2025. This represents a decrease of 17.2% from the prior year.
Hexcel Corp earned $1.37 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 13.8% from the prior year.
Cash & Balance Sheet
Hexcel Corp generated $157.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.5% from the prior year.
Hexcel Corp held $71.0M in cash against $993.0M in long-term debt as of fiscal year 2025.
Hexcel Corp paid $70.95 per share in dividends in fiscal year 2025. This represents an increase of 11725.0% from the prior year.
Hexcel Corp had 76M shares outstanding in fiscal year 2025. This represents a decrease of 6.5% from the prior year.
Margins & Returns
Hexcel Corp's gross margin was 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.
Hexcel Corp's operating margin was 9.1% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.
Hexcel Corp's net profit margin was 5.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.
Hexcel Corp's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Capital Allocation
Hexcel Corp invested $56.4M in research and development in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Hexcel Corp spent $454.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 80.1% from the prior year.
Hexcel Corp invested $73.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.7% from the prior year.
HXL Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $491.3M+7.7% | $456.2M-6.9% | $489.9M+7.3% | $456.5M-3.7% | $473.8M+3.8% | $456.5M-8.8% | $500.4M+5.9% | $472.3M |
| Cost of Revenue | $370.3M+3.9% | $356.3M-5.8% | $378.4M+6.9% | $354.1M-0.3% | $355.3M+1.5% | $350.0M-6.4% | $373.8M+5.6% | $354.1M |
| Gross Profit | $121.0M+21.1% | $99.9M-10.4% | $111.5M+8.9% | $102.4M-13.6% | $118.5M+11.3% | $106.5M-15.9% | $126.6M+7.1% | $118.2M |
| R&D Expenses | $14.3M+2.1% | $14.0M-2.1% | $14.3M+3.6% | $13.8M+2.2% | $13.5M-2.2% | $13.8M-6.1% | $14.7M-2.6% | $15.1M |
| SG&A Expenses | $41.6M+1.2% | $41.1M-4.4% | $43.0M-0.7% | $43.3M-9.6% | $47.9M+20.4% | $39.8M-0.3% | $39.9M-18.6% | $49.0M |
| Operating Income | $61.4M+70.6% | $36.0M+20.0% | $30.0M-32.1% | $44.2M+396.6% | $8.9M-83.0% | $52.5M-26.9% | $71.8M+35.7% | $52.9M |
| Interest Expense | $11.6M+26.1% | $9.2M+1.1% | $9.1M+16.7% | $7.8M-3.7% | $8.1M-4.7% | $8.5M+4.9% | $8.1M+24.6% | $6.5M |
| Income Tax | $4.0M-35.5% | $6.2M-25.3% | $8.3M+16.9% | $7.1M+242.0% | -$5.0M-219.0% | $4.2M-69.3% | $13.7M+38.4% | $9.9M |
| Net Income | $46.4M+125.2% | $20.6M+52.6% | $13.5M-53.3% | $28.9M+398.3% | $5.8M-85.4% | $39.8M-20.4% | $50.0M+37.0% | $36.5M |
| EPS (Diluted) | N/A | $0.26+52.9% | $0.17-51.4% | $0.35 | N/A | $0.49-18.3% | $0.60 | $0.43 |
HXL Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.7B-2.0% | $2.8B-3.0% | $2.8B+2.3% | $2.8B+2.0% | $2.7B-4.8% | $2.9B+1.2% | $2.8B+0.2% | $2.8B |
| Current Assets | $730.7M-7.2% | $787.4M-7.1% | $847.4M+3.0% | $822.5M+5.2% | $781.5M-5.6% | $828.0M+2.5% | $807.6M+2.3% | $789.7M |
| Cash & Equivalents | $71.0M-21.5% | $90.5M+17.2% | $77.2M-13.5% | $89.2M-28.9% | $125.4M+27.7% | $98.2M+30.2% | $75.4M-12.2% | $85.9M |
| Inventory | $328.8M-8.1% | $357.6M-4.7% | $375.4M-1.6% | $381.5M+7.1% | $356.2M-5.3% | $376.0M+7.0% | $351.5M-0.7% | $353.8M |
| Accounts Receivable | $249.3M+6.4% | $234.3M-13.7% | $271.4M+4.9% | $258.6M+22.0% | $212.0M-18.0% | $258.6M-8.7% | $283.1M+4.5% | $271.0M |
| Goodwill | $191.6M+0.1% | $191.5M-0.3% | $192.0M+2.0% | $188.2M+0.9% | $186.5M-1.7% | $189.7M+1.1% | $187.6M-0.1% | $187.8M |
| Total Liabilities | $1.5B+22.0% | $1.2B-7.6% | $1.3B+3.4% | $1.2B+4.1% | $1.2B-5.9% | $1.3B+1.3% | $1.3B+5.7% | $1.2B |
| Current Liabilities | $322.7M+12.8% | $286.0M-9.4% | $315.5M-0.6% | $317.5M-10.2% | $353.5M+17.8% | $300.0M+2.1% | $293.7M+1.8% | $288.6M |
| Long-Term Debt | $993.0M+31.0% | $757.9M-8.4% | $827.7M+5.2% | $787.1M+12.3% | $700.6M-13.0% | $805.1M+1.3% | $794.9M+11.2% | $714.6M |
| Total Equity | $1.3B-20.2% | $1.6B+0.8% | $1.6B+1.4% | $1.5B+0.3% | $1.5B-3.9% | $1.6B+1.2% | $1.6B-3.7% | $1.6B |
| Retained Earnings | $2.3B+1.5% | $2.3B+0.3% | $2.3B0.0% | $2.3B+0.7% | $2.3B-0.3% | $2.3B+1.2% | $2.2B+1.7% | $2.2B |
HXL Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.5M+13.9% | $110.2M+373.0% | $23.3M+181.8% | -$28.5M-117.5% | $162.6M+80.5% | $90.1M+103.8% | $44.2M+731.4% | -$7.0M |
| Capital Expenditures | $18.2M+32.8% | $13.7M-10.5% | $15.3M-41.4% | $26.1M+40.3% | $18.6M+10.7% | $16.8M-26.6% | $22.9M-20.2% | $28.7M |
| Free Cash Flow | $107.3M+11.2% | $96.5M+1106.3% | $8.0M+114.7% | -$54.6M-137.9% | $144.0M+96.5% | $73.3M+244.1% | $21.3M+159.7% | -$35.7M |
| Investing Cash Flow | -$18.2M-19.0% | -$15.3M0.0% | -$15.3M+43.8% | -$27.2M-46.2% | -$18.6M-10.7% | -$16.8M+26.6% | -$22.9M+20.2% | -$28.7M |
| Financing Cash Flow | -$126.8M-55.8% | -$81.4M-265.0% | -$22.3M-222.5% | $18.2M+116.0% | -$113.9M-119.9% | -$51.8M-63.4% | -$31.7M+69.6% | -$104.3M |
| Dividends Paid | $12.9M-4.4% | $13.5M-1.5% | $13.7M-0.7% | $13.8M+14.0% | $12.1M-0.8% | $12.2M-1.6% | $12.4M-1.6% | $12.6M |
| Share Buybacks | $353.4M | $0-100.0% | $50.5M+0.2% | $50.4M | $0-100.0% | $50.4M-50.1% | $101.1M+0.4% | $100.7M |
HXL Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.6%+2.7pp | 21.9%-0.9pp | 22.8%+0.3pp | 22.4%-2.6pp | 25.0%+1.7pp | 23.3%-2.0pp | 25.3%+0.3pp | 25.0% |
| Operating Margin | 12.5%+4.6pp | 7.9%+1.8pp | 6.1%-3.6pp | 9.7%+7.8pp | 1.9%-9.6pp | 11.5%-2.8pp | 14.3%+3.1pp | 11.2% |
| Net Margin | 9.4%+4.9pp | 4.5%+1.8pp | 2.8%-3.6pp | 6.3%+5.1pp | 1.2%-7.5pp | 8.7%-1.3pp | 10.0%+2.3pp | 7.7% |
| Return on Equity | 3.7%+2.4pp | 1.3%+0.4pp | 0.9%-1.0pp | 1.9%+1.5pp | 0.4%-2.1pp | 2.5%-0.7pp | 3.2%+0.9pp | 2.2% |
| Return on Assets | 1.7%+1.0pp | 0.8%+0.3pp | 0.5%-0.6pp | 1.0%+0.8pp | 0.2%-1.2pp | 1.4%-0.4pp | 1.8%+0.5pp | 1.3% |
| Current Ratio | 2.26-0.5 | 2.75+0.1 | 2.69+0.1 | 2.59+0.4 | 2.21-0.5 | 2.76+0.0 | 2.75+0.0 | 2.74 |
| Debt-to-Equity | 0.79+0.3 | 0.48-0.0 | 0.53+0.0 | 0.51+0.1 | 0.46-0.0 | 0.510.0 | 0.51+0.1 | 0.44 |
| FCF Margin | 21.8%+0.7pp | 21.1%+19.5pp | 1.6%+13.6pp | -12.0%-42.4pp | 30.4%+14.3pp | 16.1%+11.8pp | 4.3%+11.8pp | -7.6% |
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Frequently Asked Questions
What is Hexcel Corp's annual revenue?
Hexcel Corp (HXL) reported $1.9B in total revenue for fiscal year 2025. This represents a -0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hexcel Corp's revenue growing?
Hexcel Corp (HXL) revenue declined by 0.5% year-over-year, from $1.9B to $1.9B in fiscal year 2025.
Is Hexcel Corp profitable?
Yes, Hexcel Corp (HXL) reported a net income of $109.4M in fiscal year 2025, with a net profit margin of 5.8%.
What is Hexcel Corp's EBITDA?
Hexcel Corp (HXL) had EBITDA of $293.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Hexcel Corp have?
As of fiscal year 2025, Hexcel Corp (HXL) had $71.0M in cash and equivalents against $993.0M in long-term debt.
What is Hexcel Corp's gross margin?
Hexcel Corp (HXL) had a gross margin of 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Hexcel Corp's operating margin?
Hexcel Corp (HXL) had an operating margin of 9.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Hexcel Corp's net profit margin?
Hexcel Corp (HXL) had a net profit margin of 5.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Hexcel Corp pay dividends?
Yes, Hexcel Corp (HXL) paid $70.95 per share in dividends during fiscal year 2025.
What is Hexcel Corp's return on equity (ROE)?
Hexcel Corp (HXL) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hexcel Corp's free cash flow?
Hexcel Corp (HXL) generated $157.2M in free cash flow during fiscal year 2025. This represents a -22.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hexcel Corp's operating cash flow?
Hexcel Corp (HXL) generated $230.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hexcel Corp's total assets?
Hexcel Corp (HXL) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hexcel Corp's capital expenditures?
Hexcel Corp (HXL) invested $73.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Hexcel Corp spend on research and development?
Hexcel Corp (HXL) invested $56.4M in research and development during fiscal year 2025.
What is Hexcel Corp's current ratio?
Hexcel Corp (HXL) had a current ratio of 2.26 as of fiscal year 2025, which is generally considered healthy.
What is Hexcel Corp's debt-to-equity ratio?
Hexcel Corp (HXL) had a debt-to-equity ratio of 0.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hexcel Corp's return on assets (ROA)?
Hexcel Corp (HXL) had a return on assets of 4.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hexcel Corp's Altman Z-Score?
Hexcel Corp (HXL) has an Altman Z-Score of 4.82, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hexcel Corp's Piotroski F-Score?
Hexcel Corp (HXL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hexcel Corp's earnings high quality?
Hexcel Corp (HXL) has an earnings quality ratio of 2.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Hexcel Corp cover its interest payments?
Hexcel Corp (HXL) has an interest coverage ratio of 4.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Hexcel Corp?
Hexcel Corp (HXL) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.