10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.7% per year over the past 5 years.
Net income has grown slower than revenue (1.7% vs 4.7% per year).
Operating margin has expanded, at 9.1% in the latest year.
Free cash flow has declined 6.0% per year over the past 5 years.
Financial health
Total debt ($993M) exceeds cash ($71M); net debt is $922M.
Total debt has grown slower than revenue (1.4% vs 4.7% per year).
Operating income covered interest expense 4.6× in the latest year, up from 0.3× 5 years ago.
Total debt is 3.4× EBITDA.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 49.3% of earnings and 34.3% of free cash flow.
The dividend has grown 30.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.9B
$109M
23.0%
9.1%
$157M
$993M
$71M
2024
$1.9B
$132M
24.7%
9.8%
$203M
$701M
$125M
2023
$1.8B
$106M
24.2%
12.0%
$149M
$700M
$227M
2022
$1.6B
—
22.6%
11.1%
$97M
$724M
$112M
2021
$1.3B
—
18.9%
3.9%
$124M
$823M
$128M
2020
$1.5B
—
16.0%
0.9%
$214M
$926M
$103M
2019
$2.4B
—
27.2%
18.0%
$287M
$1.1B
$64M
2018
$2.2B
—
26.5%
17.0%
$237M
$957M
$33M
2017
$2.0B
—
28.0%
17.8%
$151M
$810M
$60M
2016
$2.0B
—
28.2%
18.0%
$74M
$689M
$35M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$502M
$37M
26.9%
11.5%
-$6M
$998M
$54M
Dec '25
$491M
—
24.6%
12.5%
$107M
$993M
$71M
Sep '25
$456M
$21M
21.9%
7.9%
$97M
$758M
$91M
Jun '25
$490M
$14M
22.8%
6.1%
$8M
$828M
$77M
Mar '25
$457M
$29M
22.4%
9.7%
-$55M
$787M
$89M
Dec '24
$474M
—
25.0%
1.9%
$144M
$701M
$125M
Sep '24
$457M
$40M
23.3%
11.5%
$73M
$805M
$98M
Jun '24
$500M
$50M
25.3%
14.3%
$21M
$795M
$75M
Mar '24
$472M
$37M
25.0%
11.2%
-$36M
$715M
$86M
Dec '23
$458M
—
22.5%
10.4%
$145M
$700M
$227M
Sep '23
$420M
—
21.8%
10.4%
$48M
$754M
$98M
Jun '23
$454M
—
24.4%
13.5%
-$3M
$779M
$104M
Mar '23
$458M
—
27.9%
13.7%
-$42M
$769M
$106M
Dec '22
$429M
—
23.1%
9.4%
$99M
$724M
$112M
Sep '22
$365M
—
22.4%
11.2%
$18M
$797M
$91M
Jun '22
$393M
—
22.8%
16.2%
$20M
$813M
$99M
Mar '22
$391M
—
22.2%
7.7%
-$40M
$858M
$113M
Dec '21
$360M
—
19.2%
6.4%
$75M
$823M
$128M
Sep '21
$334M
—
19.8%
6.8%
$20M
$877M
$106M
Jun '21
$320M
—
19.3%
5.1%
$36M
$905M
$115M
Valuation over time
How the market has priced HXL against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 47.4× (Jan '24) to 66.3× (Jun '26).
The price-to-sales ratio has risen from 3.3× (Mar '23) to 3.8× (Jun '26).
The dividend yield has risen from 0.7% (Mar '23) to 0.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is HXL growing its revenue and profit?
Over the past 5 years, Hexcel Corp /De/'s revenue has grown 4.7% per year, and net income grown 1.7% per year. These are computed facts, not advice.
How much debt does HXL have?
As of FY2025, Hexcel Corp /De/ reported $993M of total debt against $71M of cash; operating income covered interest expense 4.6×.
What is HXL's profit margin?
In FY2025, gross margin was 23.0%, operating margin 9.1%, and net margin 5.8%.
What is HXL's P/E ratio?
As of Jun '26, Hexcel Corp /De/ traded at a price-to-earnings ratio of about 66.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.