HXL Financials Hexcel Corp /De/

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 Oct 24, 2026, 11:08 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$1.9B	$109M	23.0%	9.1%	8.7%	4.0%	$157M	$993M	$71M
2024	$1.9B	$132M	24.7%	9.8%	8.6%	4.8%	$203M	$701M	$125M
2023	$1.8B	$106M	24.2%	12.0%	6.2%	3.6%	$149M	$700M	$227M
2022	$1.6B	—	22.6%	11.1%	0.0%	0.0%	$97M	$724M	$112M
2021	$1.3B	—	18.9%	3.9%	0.0%	0.0%	$124M	$823M	$128M
2020	$1.5B	—	16.0%	0.9%	0.0%	0.0%	$214M	$926M	$103M
2019	$2.4B	—	27.2%	18.0%	0.0%	0.0%	$287M	$1.1B	$64M
2018	$2.2B	—	26.5%	17.0%	0.0%	0.0%	$237M	$957M	$33M
2017	$2.0B	—	28.0%	17.8%	0.0%	0.0%	$151M	$810M	$60M
2016	$2.0B	—	28.2%	18.0%	0.0%	0.0%	$74M	$689M	$35M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '26	$496M	$39M	23.3%	11.0%	2.9%	1.4%	$51M	$935M	$78M
Jun '26	$529M	$49M	26.1%	13.7%	3.8%	1.8%	$58M	$959M	$62M
Mar '26	$502M	$37M	26.9%	11.5%	2.9%	1.4%	-$6M	$998M	$54M
Dec '25	$491M	—	24.6%	12.5%	0.0%	0.0%	$107M	$993M	$71M
Sep '25	$456M	$21M	21.9%	7.9%	1.3%	0.7%	$97M	$758M	$91M
Jun '25	$490M	$14M	22.8%	6.1%	0.9%	0.5%	$8M	$828M	$77M
Mar '25	$457M	$29M	22.4%	9.7%	1.9%	1.0%	-$55M	$787M	$89M
Dec '24	$474M	—	25.0%	1.9%	0.0%	0.0%	$144M	$701M	$125M
Sep '24	$457M	$40M	23.3%	11.5%	2.5%	1.4%	$73M	$805M	$98M
Jun '24	$500M	$50M	25.3%	14.3%	3.2%	1.8%	$21M	$795M	$75M
Mar '24	$472M	$37M	25.0%	11.2%	2.2%	1.3%	-$36M	$715M	$86M
Dec '23	$458M	—	22.5%	10.4%	0.0%	0.0%	$145M	$700M	$227M
Sep '23	$420M	—	21.8%	10.4%	0.0%	0.0%	$48M	$754M	$98M
Jun '23	$454M	—	24.4%	13.5%	0.0%	0.0%	-$3M	$779M	$104M
Mar '23	$458M	—	27.9%	13.7%	0.0%	0.0%	-$42M	$769M	$106M
Dec '22	$429M	—	23.1%	9.4%	0.0%	0.0%	$99M	$724M	$112M
Sep '22	$365M	—	22.4%	11.2%	0.0%	0.0%	$18M	$797M	$91M
Jun '22	$393M	—	22.8%	16.2%	0.0%	0.0%	$20M	$813M	$99M
Mar '22	$391M	—	22.2%	7.7%	0.0%	0.0%	-$40M	$858M	$113M
Dec '21	$360M	—	19.2%	6.4%	0.0%	0.0%	$75M	$823M	$128M

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 47.5× (Jan '24) to 56.2× (Nov '26).
The price-to-sales ratio has fallen from 3.3× (Mar '23) to 3.2× (Nov '26).
The dividend yield has risen from 0.7% (Mar '23) to 0.9% (Nov '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?

Hexcel Corp /De/'s P/E (TTM) is 56.19 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HXL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 56.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.