HXLNYSEPlastic Materials, Synth Resins & Nonvulcan ElastomersFiscal year ends December 31
HEXCEL CORP /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026
$91.61+1.39 (+1.54%)
Close on Oct 19, 2026
- Market cap
- $7.01B
- P/E (TTM)
- 46.0
- Dividend yield
- 0.74%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.0%+7.0 pts over 5 years
Operating margin
9.1%+8.1 pts over 5 years
Net margin
5.8%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.5% | +6.3% | +4.7% | +0.2% | |
| Gross profit | -7.4% | +6.8% | +12.6% | -2.0% | |
| Operating income | -7.8% | -0.7% | +64.8% | -6.4% | |
| Net income | -17.2% | – | – | – | |
| Free cash flow | -22.5% | +17.5% | -6.0% | – | |
| Dividend per share | +13.3% | +19.3% | +32.0% | +5.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 7.9% | |
| Return on assets | – | – | 4.0% | |
| Current ratio | 2.23 | 2.93 | 2.26 | |
| Debt to equity | 0.55 | 0.61 | 0.79 | |
| Net debt to EBITDA | 1.44× | 5.31× | 3.14× | |
| Interest coverage | 16.3× | 0.3× | 4.6× | |
| Inventory turnover | 4.8× | 4.6× | 4.3× | |
| Capex to revenue | 16.4% | 3.4% | 3.9% | |
| Diluted shares | 94M | 84M | 80M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hexcel generated $1.10B from operations and spent $1.29B on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$1.10B
Used
$1.29B
Capital expenditure$372.70M29%Dividends$179.10M14%Share buybacks$736.60M57%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.8%
×Asset turnover0.70×
×Equity multiplier1.95×
=Return on equity, FY20257.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.8% | 0.70× | 1.95× | 7.9% |
| FY2024 | 6.9% | 0.67× | 1.74× | 8.1% |
| FY2023 | 5.9% | 0.62× | 1.76× | 6.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$109.40M
- Cash generatingOperating cash flow above zero$230.50M
- Return on assets improvedROA up on the prior year4.5% → 4.0%
- Earnings backed by cashOperating cash flow above net income$230.50M vs $109.40M
- Less leverageLong-term debt to assets fell25.7% → 36.7%
- Better liquidityCurrent ratio rose2.21 → 2.26
- No dilutionShare count did not rise83M → 80M
- Gross margin improvedGross margin up on the prior year24.69% → 22.96%
- More efficientAsset turnover rose0.65 → 0.69