Business Description
Hexcel Corporation, operating through its various subsidiaries, focuses on the innovation, production, and sale of advanced structural materials. These specialized materials are essential across the commercial aviation, space and defense, and broader industrial sectors. The company's operations are segmented into two primary divisions: Composite Materials and Engineered Products. The Composite Materials division is responsible for manufacturing and marketing a diverse range of products, including carbon fibers, specialized fabrics and reinforcements, prepregs, various fiber-reinforced matrix materials, robust structural adhesives, honeycomb structures, molding compounds, tooling solutions, polyurethane systems, and laminates. These materials are integral to the construction of military and commercial aircraft, wind turbine blades, recreational items, a wide array of industrial applications, and also find use in the automotive, marine, and railway industries. The Engineered Products segment concentrates on producing finished aircraft components and structural assemblies. This encompasses items such as wing-to-body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps. Furthermore, it supplies structural sub-components and semi-finished parts that are incorporated into helicopter blades, engine nacelles, and various aircraft surfaces like flaps, wings, elevators, and fairings. Hexcel distributes its products both directly through its management, product specialists, and sales teams, and indirectly by utilizing independent distributors and authorized manufacturer representatives. Its market reach extends across the Americas, Europe, the Asia Pacific region, India, and Africa. Established in 1946, Hexcel Corporation maintains its corporate headquarters in Stamford, Connecticut.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 1.38
Total Equity: $1.25B
Shares: 80,000,000
Total Debt: $990.90M
Cash: $71.00M
EBITDA: $295.00M
Total Debt: $990.90M
Cash: $71.00M
Revenue: $1.89B
Revenue: $1.89B
Revenue: $1.89B
Total Equity: $1.25B
Tax Rate: 19.0%
Equity: $1.25B
Total Debt: $990.90M
Cash: $71.00M
Current Liabilities: $322.70M
Long-Term Debt: $990.90M
Total Debt: $990.90M
Total Equity: $1.25B
Shares: 80,000,000
Shares: 80,000,000
CapEx: $76.70M
Shares: 80,000,000
Stock Price: $96.52
Net Income: $109.40M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 6:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.6B | $1.8B | $1.9B | $1.9B |
| Cost of Revenue | $1.1B | $1.2B | $1.4B | $1.4B | $1.5B |
| Gross Profit | $250.1M | $357.1M | $433.2M | $469.8M | $434.8M |
| Operating Expenses | $198.3M | $181.9M | $217.9M | $283.7M | $263.2M |
| Operating Income | $51.8M | $175.2M | $215.3M | $186.1M | $171.6M |
| Net Income | $16.1M | $126.3M | $105.7M | $132.1M | $109.4M |
| EBITDA | $198.3M | $312.2M | $268.5M | $310.1M | $295.0M |
| EPS | $0.19 | $1.50 | $1.25 | $1.61 | $1.38 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $127.7M | $112.0M | $227.0M | $125.4M | $71.0M |
| Total Current Assets | $616.3M | $734.4M | $864.2M | $781.5M | $730.7M |
| Total Assets | $2.8B | $2.8B | $2.9B | $2.7B | $2.7B |
| Current Liabilities | $247.6M | $329.8M | $315.9M | $353.5M | $322.7M |
| Long-Term Debt | $820.9M | $723.1M | $697.7M | $698.7M | $990.9M |
| Total Liabilities | $1.3B | $1.3B | $1.2B | $1.2B | $1.5B |
| Total Equity | $1.5B | $1.6B | $1.7B | $1.5B | $1.3B |
| Retained Earnings | $2.0B | $2.1B | $2.2B | $2.3B | $2.3B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:44pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $151.7M | $173.1M | $257.1M | $289.9M | $230.5M |
| Capital Expenditure | -$27.9M | -$76.3M | -$108.2M | -$87.0M | $76.7M |
| Free Cash Flow | $123.8M | $96.8M | $148.9M | $202.9M | $307.2M |
| Acquisitions (net) | $0 | $21.2M | $10.3M | $0 | -$2.7M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | -$30.1M | -$252.2M | -$454.3M |
| Net Change in Cash | $24.4M | -$15.7M | $115.0M | -$101.6M | -$54.4M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 12:39am (8h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$2.1B $2.0B – $2.1B
|
$2.3B $2.1B – $2.8B
|
$2.5B $2.5B – $2.5B
|
$2.8B $2.7B – $3.2B
|
| EBITDA |
$338.1M $333.2M – $343.0M
|
$373.1M $348.1M – $455.8M
|
$403.4M $400.9M – $406.0M
|
$460.6M $442.2M – $523.4M
|
| Net Income |
$179.0M $168.8M – $189.3M
|
$248.2M $213.9M – $369.8M
|
$293.1M $262.5M – $360.7M
|
$417.6M $395.9M – $491.7M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:44pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +19.1% | +13.4% | +6.4% | -0.5% |
| Gross Profit Growth | +42.8% | +21.3% | +8.4% | -7.4% |
| Operating Income Growth | +238.2% | +22.9% | -13.6% | -7.8% |
| Net Income Growth | +684.5% | -16.3% | +25.0% | -17.2% |
| EBITDA Growth | +57.4% | -14.0% | +15.5% | -4.9% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:44pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-04 | $0.18 | 2026-04-22 | 2026-05-04 | 2026-05-11 |
| 2026-02-09 | $0.18 | 2026-01-28 | 2026-02-09 | 2026-02-17 |
| 2025-11-03 | $0.17 | 2025-10-22 | 2025-11-03 | 2025-11-10 |
| 2025-08-08 | $0.17 | 2025-07-24 | 2025-08-08 | 2025-08-15 |
| 2025-05-02 | $0.17 | 2025-04-21 | 2025-05-02 | 2025-05-09 |
| 2025-02-07 | $0.17 | 2025-01-22 | 2025-02-07 | 2025-02-14 |
| 2024-11-01 | $0.15 | 2024-10-21 | 2024-11-01 | 2024-11-08 |
| 2024-08-02 | $0.15 | 2024-07-18 | 2024-08-02 | 2024-08-09 |
| 2024-05-02 | $0.15 | 2024-04-22 | 2024-05-03 | 2024-05-10 |
| 2024-02-08 | $0.15 | 2024-01-24 | 2024-02-09 | 2024-02-16 |
| 2023-11-02 | $0.13 | 2023-10-23 | 2023-11-03 | 2023-11-13 |
| 2023-08-03 | $0.13 | 2023-07-24 | 2023-08-04 | 2023-08-11 |
| 2023-05-04 | $0.13 | 2023-04-24 | 2023-05-05 | 2023-05-12 |
| 2023-02-09 | $0.13 | 2023-01-25 | 2023-02-10 | 2023-02-17 |
| 2022-11-03 | $0.10 | 2022-10-24 | 2022-11-04 | 2022-11-14 |
| 2022-08-04 | $0.10 | 2022-07-25 | 2022-08-05 | 2022-08-12 |
| 2022-05-05 | $0.10 | 2022-04-25 | 2022-05-06 | 2022-05-13 |
| 2022-02-10 | $0.10 | 2022-01-26 | 2022-02-11 | 2022-02-18 |
| 2020-02-13 | $0.17 | 2020-02-03 | 2020-02-14 | 2020-02-21 |
| 2019-10-31 | $0.17 | 2019-10-21 | 2019-11-01 | 2019-11-08 |
Narrative Economics
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