Hexcel Corporation
NYSE•HXL
CEO: Mr. Patrick Joseph Winterlich
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 1980-03-17
Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets fabrics, multi-axials, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and rail transportation. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings; and RF interference control products for military and aerospace applications. This segment also provides interference control materials, structural composites, and services; dielectric absorber foams; magnetic absorbers; and thermoplastics for commercial and defense applications. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.
Contact Information
Two Stamford Plaza, 281 Tresser Boulevard 16th Floor, Stamford, CT, 06901-3261, United States
203-969-0666
Market Cap
$6.01B
P/E (TTM)
87.5
36
Dividend Yield
0.9%
52W High
$79.20
52W Low
$45.28
52W Range
Rank36Top 23.7%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$456.20M-0.07%
4-Quarter Trend
EPS
$0.26-46.94%
4-Quarter Trend
FCF
$96.50M+31.65%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Q3 Sales Stability Noted Nine months sales $1.40B, down 1.9%. Q3 sales $456.2M, showing minimal change compared to prior year.
Profitability Significantly Lower Net income $63.0M for nine months, declining 50.1%. Operating margin compressed to 7.9% for the quarter.
Cash Flow Decreased Operating cash flow $105.0M for nine months, decreasing from $127.3M prior period. Free cash flow $49.9M.
Defense Segment Growth Defense, Space & Other sales grew 13.3% in Q3, driven by strength in fighter and space programs globally.
Risk Factors
Gross Margin Pressure Persists Gross margin fell to 22.4% due to sales mix, tariffs, and inventory reduction actions impacting cost leverage.
Commercial Aerospace Weakness Commercial Aerospace sales fell 7.3% in Q3 driven by inventory destocking on key Airbus and Boeing programs.
Restructuring Charges Taken Recognized $25.3M restructuring charge for nine months, primarily related to severance for Belgium facility closure.
Increased Debt Levels Total debt increased to $757.9M by September 30, 2025, up from $700.7M at year-end 2024.
Outlook
Major Share Repurchase Plan Approved $600M share repurchase plan and initiated $350M Accelerated Share Repurchase in October 2025.
Austria Operations Divested Completed divestiture of Austria operations during Q3 2025, recognizing a $3.4M operating expense charge.
Debt Maturity Profile Next major debt maturity is 3.95% Senior Unsecured Notes due in 2027; no near-term principal repayments due.
Mitigating Cost Headwinds Taking actions including price increases and alternative sourcing to mitigate ongoing impacts from tariffs and inflation.
Peer Comparison
Revenue (TTM)
SPR$6.39B
GVA$4.24B
$1.88B
Gross Margin (Latest Quarter)
85.8%
OMAB75.7%
57.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PL | $6.01B | -66.8 | -20.3% | 2.5% |
| HXL | $6.01B | 87.5 | 4.5% | 27.5% |
| OMAB | $5.34B | 18.5 | 52.1% | 42.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.3%
Flat Growth
4Q Net Income CAGR
52.6%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Jan 28, 2026
EPS:$0.52
|Revenue:$484.46M
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 22, 2025|Revenue: $456.20M-0.1%|EPS: $0.26-46.9%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 24, 2025|Revenue: $489.90M-2.0%|EPS: $0.17-72.1%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 21, 2025|Revenue: $456.50M-3.3%|EPS: $0.36-18.2%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 5, 2025|Revenue: $1.90B+6.4%|EPS: $1.61+28.8%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 21, 2024|Revenue: $456.50M+8.8%|EPS: $0.49+6.5%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 18, 2024|Revenue: $499.90M+10.0%|EPS: $0.61+22.0%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 22, 2024|Revenue: $472.10M+3.1%|EPS: $0.44-12.0%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 7, 2024|Revenue: $1.79B+13.4%|EPS: $1.25-16.7%Beat