HXL

MKT CAP:$7B

Hexcel Corporation

Market Cap

$7B

Industrials·Aerospace & Defense·🇺🇸 United States·NYSE

Industrials·Aerospace·🇺🇸·NYSE

Stock Price

$87.15+$10.27 (+13.36%)

Apr 22, 2026

Company Details

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials a...

CEO

Thomas C. Gentile

IPO Date

Mar 17, 1980

Website

www.hexcel.com

Key Metrics TTM

Revenue

$1.9B

+2.7% YoY

Net Income

$118M

EPS (Diluted)

$1.52

Free Cash Flow

$251M

Revenue / Share

$25.28

Gross Margin

24.1%

Operating Margin

9.5%

Net Margin

6.1%

FCF Margin

13.0%

P/S

3.5x

P/E

57.2x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$502M+9.9%EPS $0.49

FY 2025

Feb 11, 2026

$1.9B-0.5%EPS $1.37

Q4 2025

Feb 11, 2026

$491M+3.7%EPS $0.60

Q3 2025

Oct 22, 2025

$456M-0.1%EPS $0.26

Q2 2025

Jul 24, 2025

$490M-2.1%EPS $0.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$393M	$90M	$64M
Q3 22	$365M	$82M	$41M
Q4 22	$429M	$99M	$41M
Q1 23	$458M	$128M	$63M
Q2 23	$454M	$111M	$61M
Q3 23	$420M	$92M	$44M
Q4 23	$458M	$103M	$48M
Q1 24	$472M	$117M	$56M
Q2 24	$500M	$127M	$72M
Q3 24	$457M	$107M	$53M
Q4 24	$474M	$119M	$9M
Q1 25	$457M	$102M	$44M
Q2 25	$490M	$112M	$30M
Q3 25	$456M	$100M	$36M
Q4 25	$491M	$121M	$61M
Q1 26	$502M	$135M	$58M

Valuation

Quarter	P/S	P/E
Q2 22	3.0x	48.2x
Q3 22	3.0x	41.8x
Q4 22	3.3x	41.1x
Q1 23	3.6x	38.9x
Q2 23	3.8x	43.0x
Q3 23	3.1x	33.8x
Q4 23	3.3x	56.0x
Q1 24	3.3x	59.5x
Q2 24	2.8x	47.6x
Q3 24	2.7x	46.4x
Q4 24	2.7x	38.5x
Q1 25	2.4x	35.7x
Q2 25	2.4x	52.1x
Q3 25	2.6x	71.8x
Q4 25	3.2x	55.0x
Q1 26	3.1x	50.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$37M	$20M
Q3 22	$38M	$18M
Q4 22	$117M	$99M
Q1 23	-$23M	-$42M
Q2 23	$54M	-$3M
Q3 23	$68M	$48M
Q4 23	$159M	$145M
Q1 24	-$7M	-$36M
Q2 24	$44M	$21M
Q3 24	$90M	$73M
Q4 24	$163M	$144M
Q1 25	-$29M	-$55M
Q2 25	$23M	$8M
Q3 25	$110M	$97M
Q4 25	$126M	$110M
Q1 26	$19M	$37M

Capital Expenditures

Quarter	CapEx
Q2 22	$17M
Q3 22	$20M
Q4 22	$18M
Q1 23	$18M
Q2 23	$57M
Q3 23	$20M
Q4 23	$14M
Q1 24	$29M
Q2 24	$23M
Q3 24	$17M
Q4 24	$19M
Q1 25	$26M
Q2 25	$15M
Q3 25	$14M
Q4 25	$16M
Q1 26	$18M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+22.7%	+8.3%
Q3 22	+9.3%	+4.1%
Q4 22	+19.2%	+15.3%
Q1 23	+17.2%	+9.5%
Q2 23	+15.6%	+19.4%
Q3 23	+15.0%	+16.1%
Q4 23	+6.5%	+5.4%
Q1 24	+3.1%	+5.4%
Q2 24	+10.1%	+9.1%
Q3 24	+8.8%	+7.5%
Q4 24	+3.6%	+13.4%
Q1 25	-3.3%	-0.9%
Q2 25	-2.1%	+7.3%
Q3 25	-0.1%	+4.0%
Q4 25	+3.7%	-7.5%
Q1 26	+9.9%	+7.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$2M	0.6%
Q3 22	$2M	0.7%
Q4 22	$5M	1.1%
Q1 23	$13M	2.8%
Q2 23	$3M	0.6%
Q3 23	$3M	0.6%
Q4 23	$3M	0.6%
Q1 24	$13M	2.8%
Q2 24	$3M	0.7%
Q3 24	$3M	0.6%
Q4 24	$3M	0.6%
Q1 25	$10M	2.1%
Q2 25	$3M	0.6%
Q3 25	$1M	0.2%
Q4 25	$0	0.0%
Q1 26	$9M	1.9%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 22	$11M	$34M
Q3 22	$12M	$29M
Q4 22	$12M	$41M
Q1 23	$14M	$51M
Q2 23	$13M	$36M
Q3 23	$13M	$35M
Q4 23	$12M	$42M
Q1 24	$15M	$46M
Q2 24	$15M	$40M
Q3 24	$14M	$40M
Q4 24	$14M	$48M
Q1 25	$14M	$43M
Q2 25	$14M	$43M
Q3 25	$14M	$41M
Q4 25	$14M	$42M
Q1 26	$18M	$49M

Revenue Segments

Quarter	Commercial Aerospace Market Applications	Industrial Market Applications	Space And Defense Market Applications	Commercial Aerospace
Q2 22	$228M	$54M	$112M	—
Q3 22	$209M	$47M	$109M	—
Q4 22	$256M	$47M	$127M	—
Q1 23	$285M	$47M	$126M	—
Q2 23	$264M	$53M	$138M	—
Q3 23	$252M	$39M	$129M	—
Q4 23	$268M	$38M	$152M	—
Q1 24	$299M	$34M	$139M	—
Q2 24	$321M	$41M	$139M	—
Q3 24	$296M	$32M	$128M	—
Q4 24	$278M	$32M	$163M	—
Q1 25	—	—	$176M	$280M
Q2 25	$293M	—	$197M	—
Q3 25	$274M	—	$182M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$99M	$0	$99M
Q3 22	$91M	$0	$91M
Q4 22	$112M	$0	$112M
Q1 23	$106M	$0	$106M
Q2 23	$104M	$0	$104M
Q3 23	$98M	$0	$98M
Q4 23	$227M	$0	$227M
Q1 24	$86M	$0	$86M
Q2 24	$75M	$0	$75M
Q3 24	$98M	$0	$98M
Q4 24	$125M	$0	$125M
Q1 25	$89M	$0	$89M
Q2 25	$77M	$0	$77M
Q3 25	$91M	$0	$91M
Q4 25	$71M	$0	$71M
Q1 26	$54M	$0	$54M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	85M	+0.1%	+0.4%
Q3 22	85M	+0.1%	+0.5%
Q4 22	85M	+0.1%	+0.5%
Q1 23	86M	+0.4%	+0.7%
Q2 23	86M	+0.1%	+0.7%
Q3 23	86M	0.0%	+0.6%
Q4 23	84M	-1.4%	-0.9%
Q1 24	85M	+0.5%	-0.8%
Q2 24	83M	-1.9%	-2.8%
Q3 24	82M	-1.3%	-4.1%
Q4 24	82M	-0.2%	-3.0%
Q1 25	82M	-0.2%	-3.7%
Q2 25	81M	-1.3%	-3.1%
Q3 25	80M	-0.4%	-2.2%
Q4 25	78M	-3.4%	-5.3%
Q1 26	77M	-1.2%	-6.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$80.8K	5K
Q3 22	$75.0K	5K
Q4 22	$80.6K	5K
Q1 23	$85.9K	5K
Q2 23	$85.3K	5K
Q3 23	$78.7K	5K
Q4 23	$81.8K	6K
Q1 24	$84.5K	6K
Q2 24	$89.5K	6K
Q3 24	$81.7K	6K
Q4 24	$80.4K	6K
Q1 25	$77.5K	6K
Q2 25	$83.1K	6K
Q3 25	$77.4K	6K
Q4 25	$88.3K	6K
Q1 26	$90.1K	6K

Revenue / Employee