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Stocks · Materials · Plastic Materials, Synth Resins & Nonvulcan Elastomers

HEXCEL CORP /DE/

HXL Clue Score37
United States Fiscal year ends December CIK 0000717605
$84.96 -0.20% Close, 9 Oct 2026
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Price $84.96 +36.31% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,004.3Operating income360.1Net income249.8EPS, diluted2.65Fiscal year 2017Revenue1,973.3 −1.5%Operating income350.6Net income284.0 +13.7%EPS, diluted3.09 +16.6%Fiscal year 2018Revenue2,189.1 +10.9%Operating income371.2Net income276.6 −2.6%EPS, diluted3.11 +0.6%Fiscal year 2019Revenue2,355.7 +7.6%Operating income425.2Net income306.6 +10.8%EPS, diluted3.57 +14.8%Fiscal year 2020Revenue1,502.4 −36.2%Operating income14.1Net income31.7 −89.7%EPS, diluted0.38 −89.4%Fiscal year 2021Revenue1,324.7 −11.8%Operating income51.8Net income16.1 −49.2%EPS, diluted0.19 −50.0%Fiscal year 2022Revenue1,577.7 +19.1%Operating income175.2Net income126.3 +684.5%EPS, diluted1.49 +684.2%Fiscal year 2023Revenue1,789.0 +13.4%Operating income215.3Net income105.7 −16.3%EPS, diluted1.24 −16.8%Fiscal year 2024Revenue1,903.0 +6.4%Operating income186.1Net income132.1 +25.0%EPS, diluted1.59 +28.2%Fiscal year 2025Revenue1,893.9 −0.5%Operating income171.6Net income109.4 −17.2%EPS, diluted1.37 −13.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,004.3 1,973.3 2,189.1 2,355.7 1,502.4 1,324.7 1,577.7 1,789.0 1,903.0 1,893.9
Growth −1.5% +10.9% +7.6% −36.2% −11.8% +19.1% +13.4% +6.4% −0.5%
Operating income 360.1 350.6 371.2 425.2 14.1 51.8 175.2 215.3 186.1 171.6
Net income 249.8 284.0 276.6 306.6 31.7 16.1 126.3 105.7 132.1 109.4
Growth +13.7% −2.6% +10.8% −89.7% −49.2% +684.5% −16.3% +25.0% −17.2%
EPS, diluted 2.65 3.09 3.11 3.57 0.38 0.19 1.49 1.24 1.59 1.37
Growth +16.6% +0.6% +14.8% −89.4% −50.0% +684.2% −16.8% +28.2% −13.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin28.2%Operating margin18.0%Net margin12.5%Free cash flow margin3.7%Fiscal year 2017Gross margin28.0%Operating margin17.8%Net margin14.4%Free cash flow margin7.6%Fiscal year 2018Gross margin26.5%Operating margin17.0%Net margin12.6%Free cash flow margin10.8%Fiscal year 2019Gross margin27.2%Operating margin18.0%Net margin13.0%Free cash flow margin12.2%Fiscal year 2020Gross margin16.0%Operating margin0.9%Net margin2.1%Free cash flow margin14.2%Fiscal year 2021Gross margin18.9%Operating margin3.9%Net margin1.2%Free cash flow margin9.3%Fiscal year 2022Gross margin22.6%Operating margin11.1%Net margin8.0%Free cash flow margin6.1%Fiscal year 2023Gross margin24.2%Operating margin12.0%Net margin5.9%Free cash flow margin8.3%Fiscal year 2024Gross margin24.7%Operating margin9.8%Net margin6.9%Free cash flow margin10.7%Fiscal year 2025Gross margin23.0%Operating margin9.1%Net margin5.8%Free cash flow margin8.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 28.2% 28.0% 26.5% 27.2% 16.0% 18.9% 22.6% 24.2% 24.7% 23.0%
Operating margin 18.0% 17.8% 17.0% 18.0% 0.9% 3.9% 11.1% 12.0% 9.8% 9.1%
Net margin 12.5% 14.4% 12.6% 13.0% 2.1% 1.2% 8.0% 5.9% 6.9% 5.8%
Free cash flow margin 3.7% 7.6% 10.8% 12.2% 14.2% 9.3% 6.1% 8.3% 10.7% 8.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow401.4Capital expenditure−327.9Free cash flow73.5Buybacks−111.1Dividends paid−39.8Fiscal year 2017Operating cash flow428.7Capital expenditure−278.1Free cash flow150.6 +104.9%Buybacks−150.3Dividends paid−42.6Fiscal year 2018Operating cash flow421.4Capital expenditure−184.1Free cash flow237.3 +57.6%Buybacks−357.7Dividends paid−48.4Fiscal year 2019Operating cash flow491.1Capital expenditure−204.1Free cash flow287.0 +20.9%Buybacks−143.0Dividends paid−4.2Fiscal year 2020Operating cash flow264.3Capital expenditure−50.6Free cash flow213.7 −25.5%Buybacks−24.6Dividends paid−14.2Fiscal year 2021Operating cash flow151.7Capital expenditure−27.9Free cash flow123.8 −42.1%Buybacks0.0Dividends paid0.0Fiscal year 2022Operating cash flow173.1Capital expenditure−76.3Free cash flow96.8 −21.8%Buybacks0.0Dividends paid−33.7Fiscal year 2023Operating cash flow257.1Capital expenditure−108.2Free cash flow148.9 +53.8%Buybacks−30.1Dividends paid−42.2Fiscal year 2024Operating cash flow289.9Capital expenditure−87.0Free cash flow202.9 +36.3%Buybacks−252.2Dividends paid−49.3Fiscal year 2025Operating cash flow230.5Capital expenditure−73.3Free cash flow157.2 −22.5%Buybacks−454.3Dividends paid−53.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 401.4 428.7 421.4 491.1 264.3 151.7 173.1 257.1 289.9 230.5
Capital expenditure −327.9 −278.1 −184.1 −204.1 −50.6 −27.9 −76.3 −108.2 −87.0 −73.3
Free cash flow 73.5 150.6 237.3 287.0 213.7 123.8 96.8 148.9 202.9 157.2
Growth +104.9% +57.6% +20.9% −25.5% −42.1% −21.8% +53.8% +36.3% −22.5%
Buybacks −111.1 −150.3 −357.7 −143.0 −24.6 0.0 0.0 −30.1 −252.2 −454.3
Dividends paid −39.8 −42.6 −48.4 −4.2 −14.2 0.0 −33.7 −42.2 −49.3 −53.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash35.2Total debt688.7Net cash (debt)−653.5Shareholders’ equity1,244.9Debt to equity0.55Fiscal year 2017Cash60.1Total debt809.9Net cash (debt)−749.8Shareholders’ equity1,495.1Debt to equity0.54Fiscal year 2018Cash32.7Total debt956.8Net cash (debt)−924.1Shareholders’ equity1,322.0Debt to equity0.72Fiscal year 2019Cash64.4Total debt1,060.1Net cash (debt)−995.7Shareholders’ equity1,446.1Debt to equity0.73Fiscal year 2020Cash103.3Total debt926.4Net cash (debt)−823.1Shareholders’ equity1,510.2Debt to equity0.61Fiscal year 2021Cash127.7Total debt823.3Net cash (debt)−695.6Shareholders’ equity1,485.5Debt to equity0.55Fiscal year 2022Cash112.0Total debt723.5Net cash (debt)−611.5Shareholders’ equity1,554.2Debt to equity0.47Fiscal year 2023Cash227.0Total debt699.5Net cash (debt)−472.5Shareholders’ equity1,716.5Debt to equity0.41Fiscal year 2024Cash125.4Total debt700.7Net cash (debt)−575.3Shareholders’ equity1,527.9Debt to equity0.46Fiscal year 2025Cash71.0Total debt993.0Net cash (debt)−922.0Shareholders’ equity1,250.7Debt to equity0.79
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 35.2 60.1 32.7 64.4 103.3 127.7 112.0 227.0 125.4 71.0
Total debt 688.7 809.9 956.8 1,060.1 926.4 823.3 723.5 699.5 700.7 993.0
Net cash (debt) −653.5 −749.8 −924.1 −995.7 −823.1 −695.6 −611.5 −472.5 −575.3 −922.0
Shareholders’ equity 1,244.9 1,495.1 1,322.0 1,446.1 1,510.2 1,485.5 1,554.2 1,716.5 1,527.9 1,250.7
Debt to equity 0.55 0.54 0.72 0.73 0.61 0.55 0.47 0.41 0.46 0.79

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2,004.3 1,973.3 2,189.1 2,355.7 1,502.4 1,324.7 1,577.7 1,789.0 1,903.0 1,893.9
Growth −1.5% +10.9% +7.6% −36.2% −11.8% +19.1% +13.4% +6.4% −0.5%
1,439.7 1,421.5 1,608.3 1,715.3 1,262.7 1,074.6 1,220.6 1,355.8 1,433.2 1,459.1
564.6 551.8 580.8 640.4 239.7 250.1 357.1 433.2 469.8 434.8
Growth −2.3% +5.3% +10.3% −62.6% +4.3% +42.8% +21.3% +8.4% −7.4%
46.9 49.4 55.9 56.5 46.6 45.1 45.8 52.7 57.1 56.4
157.6 151.8 146.0 158.7 121.1 135.0 148.0 163.8 176.6 169.0
360.1 350.6 371.2 425.2 14.1 51.8 175.2 215.3 186.1 171.6
Growth −2.6% +5.9% +14.5% −96.7% +267.4% +238.2% +22.9% −13.6% −7.8%
337.6 323.2 333.5 379.7 −27.7 22.0 149.8 109.7 154.9 135.0
90.3 42.5 62.5 76.8 −61.0 5.9 31.6 12.1 22.8 25.6
249.8 284.0 276.6 306.6 31.7 16.1 126.3 105.7 132.1 109.4
Growth +13.7% −2.6% +10.8% −89.7% −49.2% +684.5% −16.3% +25.0% −17.2%
Per share
2.69 3.13 3.15 3.61 0.38 0.19 1.50 1.25 1.61 1.38
2.65 3.09 3.11 3.57 0.38 0.19 1.49 1.24 1.59 1.37
Growth +16.6% +0.6% +14.8% −89.4% −50.0% +684.2% −16.8% +28.2% −13.8%
92.8 90.6 87.9 84.9 83.8 84.1 84.4 84.6 82.3 79.5
94.2 91.9 89.0 85.8 84.0 84.6 85.0 85.5 83.0 80.0
Growth −2.4% −3.2% −3.6% −2.1% +0.7% +0.5% +0.6% −2.9% −3.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.7% a year over five years, and earnings per share grew 29.2% a year.
  • The diluted share count fell 4.8% in five years, so buybacks did some of the work per share.
  • Operating margin is up 8.1 points on five years ago, at 9.1%.
  • Profitable in every one of the 10 years on file.