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Hexcel Corporation

HXL Industrials Aerospace & Defense

Hexcel Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 8.04%, EPS grew 282.4%, free cash flow grew 625.0% and total debt rose 16.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

90.22 0.36 +0.40%
Market cap
$6.8B
P/E
45.1×
Fwd P/E
40.7×
Dividend yield
0.79%
F-score
6/9
Altman Z
4.71
Beneish M
−2.54
Dividend safety
67/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.41
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — — — 1 1 —
Insider Ownership 1.07%

Capital & Financial Ratios $m

Market Cap 6,800.00
Revenue 1,978.30
Net Income 153.50
Free Cash Flow 255.60
Net Debt 901.70
Current Ratio 2.43 (at or above 1.5: strong)
Debt/Equity 0.74
P/E ratio 45.11 (above 35: high)
Fwd P/E 40.70 (above 35: high)
P/S ratio 3.45
P/B ratio 5.26
Past 5Y EPS Growth 29.24% (at or above 15%: strong)
This Y EPS Growth 36.54% (at or above 15%: strong)
Next Y EPS Growth 30.71% (at or above 15%: strong)
Next Y revenue growth 10.62% (at or above 10%: strong)
Next 5Y EPS Growth 30.21% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.9×, against a ten-year median of 3.3×; over the ten years it ranged from 1.7× in 2020 to 5.0× in 2021.
P/E against its own 10 years 65.86%
10-year low 10-year high
P/S against its own 10 years 79.76%
10-year low 10-year high
P/B against its own 10 years 95.21%
10-year low 10-year high
EV/Sales against its own 10 years 78.88%
10-year low 10-year high
EV/FCF against its own 10 years 27.10%
10-year low 10-year high

Dividends

Payout Ratio 0.36
Annual Dividend Rate 0.71
Annual Dividend Yield 0.79%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.72
0.18
0.18
0.18
2025 0.68
0.17
0.17
0.17
0.17
2024 0.60
0.15
0.15
0.15
0.15
2023 0.50
0.13
0.13
0.13
0.13
2022 0.40
0.10
0.10
0.10
0.10
2021 Powerpack
2020 0.17
0.17
2019 0.64
0.15
0.15
0.17
0.17
2018 0.55
0.13
0.13
0.15
0.15
2017 0.60
0.11
0.11
0.13
0.13
0.13
2016 0.43
0.10
0.11
0.11
0.11
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 227 125 71 62
Receivables 235 212 249 299
Inventory 334 356 329 345
Other 25 37 36 42
864 782 731 792
2023 2024 2025 Q'26
Payables 159 142 147 145
ST’ Debt 6 8 4 5
Other — 4 — —
316 354 323 326

Compound Annual Growth %

10y 5y 3y
Sales 0.17% 4.74% 6.28%
Cash Flow (2.63%) (2.70%) 10.02%
Earnings (7.45%) 28.11% (4.68%)
Book Value 0.59% (3.70%) (6.99%)

Revenue $m

Mar Jun Sep Dec Year
’26 502 529 — — —
’25 457 490 456 491 1,894
’24 472 500 457 474 1,903
’23 458 454 420 458 1,789
’22 391 393 365 429 1,578
’21 310 320 334 360 1,325
’20 541 379 287 296 1,502
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 19 78 — — —
’25 (28) 23 110 126 231
’24 (7) 44 90 163 290
’23 (23) 54 68 159 257
’22 (19) 37 38 117 173
’21 (1) 40 25 88 152
’20 9 65 83 107 264
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 58 — — —
’25 (55) 8 97 107 157
’24 (36) 21 73 144 203
’23 (41) (3) 59 145 159
’22 (40) 42 18 99 118
’21 (6) 36 20 75 124
’20 (19) 52 76 105 214
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.49 0.64 — — —
’25 0.35 0.17 0.26 0.60 1.37
’24 0.43 0.60 0.49 0.07 1.59
’23 0.50 0.50 0.45 (0.21) 1.24
’22 0.21 0.53 0.31 0.43 1.49
’21 (0.17) 0.03 0.11 0.22 0.19
’20 0.50 (0.01) 0.12 (0.23) 0.38
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 37.54 49.20 53.50 56.09 24.54 42.91 47.38 58.81 57.50 45.28

Analyst estimates 2026–2028

Powerpack
High 55.11 63.93 73.42 87.00 80.49 64.99 65.82 79.08 77.09 79.20
People
People Employees 6,155 6,259 6,626 6,977 4,647 4,863 5,328 5,590 5,894 5,563
Revenue/emp, $m 0.33 0.32 0.33 0.34 0.32 0.27 0.30 0.32 0.32 0.34
Income, $m
Income, $m Revenue 2,004 1,973 2,189 2,356 1,502 1,325 1,578 1,789 1,903 1,894
Gross margin, % 28.17 27.96 26.53 27.19 15.95 18.88 22.63 24.21 24.69 22.96
EBT 338 323 334 380 (28) 22 150 110 155 135
EBT margin, % 16.84 16.38 15.23 16.12 (1.84) 1.66 9.49 6.13 8.14 7.13
Net income 250 284 277 307 32 16 126 106 132 109
Depreciation 95 105 125 143 142 141 127 125 124 122
Per share, $
Per share, $ Revenue 21.60 21.78 24.90 27.75 17.93 15.75 18.69 21.15 23.12 23.82
Earnings 2.69 3.13 3.15 3.61 0.38 0.19 1.50 1.25 1.61 1.38
Cash flow 4.33 4.73 4.79 5.78 3.15 1.80 2.05 3.04 3.52 2.90
Capex (3.53) (3.07) (2.09) (2.40) (0.60) (0.33) (0.65) (1.16) (1.06) (0.92)
Free cash flow 0.79 1.66 2.70 3.38 2.55 1.47 1.40 1.88 2.47 1.98
Book value 13.41 16.50 15.04 17.03 18.02 17.66 18.41 20.29 18.57 15.73
Shares, m 93 91 88 85 84 84 84 85 82 80
Valuation, ×
Valuation, × P/E 19.29 19.70 18.20 20.31 124.33 272.63 39.27 58.17 38.94 53.17
P/S 2.41 2.83 2.30 2.64 2.70 3.29 3.15 3.44 2.71 3.10
P/B 3.88 3.74 3.81 4.30 2.69 2.93 3.20 3.58 3.38 4.70
EV/Sales 2.74 3.21 2.73 3.07 3.25 3.82 3.55 3.71 3.02 3.59
EV/FCF 74.63 42.08 25.17 25.22 22.88 40.85 47.50 41.64 28.31 43.26
Cash, $m
Cash, $m Operating cash flow 401 429 421 491 264 152 173 257 290 231
Capex (328) (278) (184) (204) (51) (28) (55) (98) (87) (73)
Free cash flow 74 151 237 287 214 124 118 159 203 157
Balance, $m
Balance, $m Working capital 335 395 349 382 353 369 405 548 428 408
Total debt 689 810 967 1,078 930 829 746 706 709 997
Net debt 654 750 934 1,013 827 701 634 479 583 926
Shareholders’ equity 1,245 1,495 1,322 1,446 1,510 1,486 1,554 1,717 1,528 1,251
Returns, %
Returns, % ROA 10.89 10.96 9.87 10.30 1.05 0.56 4.47 3.67 4.68 4.03
ROIC 11.86 9.76 10.28 10.81 0.38 1.48 5.01 6.13 5.51 4.93
ROE 20.61 20.73 19.64 22.15 2.14 1.07 8.31 6.46 8.14 7.87
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Hexcel Corporation vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DRS Leonardo DRS, Inc. $9.5B 29.1× 37.8× +10.13% (above 0%: growing) +65.00% (above 0%: growing) +110.71% (above 0%: growing) 25.96% 11.17% Compare
KTOS Kratos Defense & Security Solutions, Inc. $7.7B 238× 313× +30.53% (above 0%: growing) 0.00% +12.42% (above 0%: growing) 21.82% (0.35%) Compare
SARO StandardAero, Inc. $7.0B 21.5× 21.8× +4.63% (above 0%: growing) +42.86% (above 0%: growing) +263.74% (above 0%: growing) 16.80% 10.53% Compare
HXL Hexcel Corporation $6.8B 45.1× 40.7× +8.04% (above 0%: growing) +282.35% (above 0%: growing) +625.00% (above 0%: growing) 26.09% 13.72%
AVAV AeroVironment, Inc. $6.3B — (loss-making) 172× +5.68% (above 0%: growing) n/m +76.92% (above 0%: growing) 25.93% (2.26%) Compare
LOAR Loar Holdings Inc. $5.9B 86.4× 111× +39.36% (above 0%: growing) 0.00% +31.01% (above 0%: growing) 53.15% 24.39% Compare
PL Planet Labs PBC $5.3B — (loss-making) — (loss-making) +58.14% (above 0%: growing) n/m −48.55% (below 0%: shrinking) 56.55% (11.64%) Compare
MRCY Mercury Systems Inc $4.7B — (loss-making) 239× +6.11% (above 0%: growing) −94.79% (below 0%: shrinking) −15.93% (below 0%: shrinking) 30.57% 4.99% Compare
VSEC VSE Corporation $4.5B 51.8× 43.0× +65.04% (above 0%: growing) +513.33% (above 0%: growing) +217.04% (above 0%: growing) 17.02% 10.90% Compare
Median of peers $6.1B 51.8× 111× +20.33% +21.43% +53.97% 25.94% 7.76%

All 82 Aerospace & Defense stocks →

Hexcel Corporation (HXL) key facts

  • Concern: Net income was $109.4 million, or $1.38 per share (basic), a net margin of 5.78%.
  • Hexcel Corporation (HXL) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
  • Hexcel Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, roughly unchanged from fiscal 2024.
  • As of October 16, 2026, HXL traded at $90.22, a market capitalization of $6.8 billion.
  • At that price the stock trades at 45.1× trailing-twelve-month earnings and 3.5× sales; its P/E is higher than 66% of its own readings over the past ten years.
  • Hexcel Corporation pays an annual dividend of $0.71 per share, a yield of 0.79%, with a payout ratio of 35.7%.
  • Return on equity was 7.87% and debt-to-equity 0.74.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.71 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Hexcel Corporation (HXL) Latest News

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stockrow.com/HXL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com