Revenue
$1.89B
Fiscal year ended 2025-12-31Operating income
$171.60M
Fiscal year ended 2025-12-31Free cash flow
$157.20M
Fiscal year ended 2025-12-31HEXCEL CORP /DE/ (HXL) reported revenue of $1.89B and net income of $109.40M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from HEXCEL CORP /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Plastic Materials, Synth Resins & Nonvulcan Elastomers.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.89B | $1.90B | $1.79B | $1.58B | $1.32B | $1.50B | $2.36B | $2.19B | $1.97B | $2.00B |
| Cost of revenue | $1.46B | $1.43B | $1.36B | $1.22B | $1.07B | $1.26B | $1.72B | $1.61B | $1.42B | $1.44B |
| Gross profit | $434.80M | $469.80M | $433.20M | $357.10M | $250.10M | $239.70M | $640.40M | $580.80M | $551.80M | $564.60M |
| Operating income | $171.60M | $186.10M | $215.30M | $175.20M | $51.80M | $14.10M | $425.20M | $371.20M | $350.60M | $360.10M |
| Net income | $109.40M | $132.10M | $105.70M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Research & development | $56.40M | $57.10M | $52.70M | $45.80M | $45.10M | $46.60M | $56.50M | $55.90M | $49.40M | $46.90M |
| Weighted-average diluted shares | shares 80.00M | shares 83.00M | shares 85.50M | shares 85.00M | shares 84.60M | shares 84.00M | shares 85.80M | shares 89.00M | shares 91.90M | shares 94.20M |
| Pretax income | $135.00M | $154.90M | $109.70M | $149.80M | $22.00M | -$27.70M | $379.70M | $333.50M | $323.20M | $337.60M |
| Income tax expense | $25.60M | $22.80M | $12.10M | $31.60M | $5.90M | -$61.00M | $76.80M | $62.50M | $42.50M | $90.30M |
| Diluted EPS | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | $169.00M | $176.60M | $163.80M | $148.00M | $135.00M | $121.10M | $158.70M | $146.00M | $151.80M | $157.60M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $71.00M | $125.40M | $227.00M | $112.00M | $127.70M | $103.30M | $64.40M | $32.70M | $60.10M | $35.20M |
| Total assets | $2.70B | $2.73B | $2.92B | $2.84B | $2.82B | $2.92B | $3.13B | $2.82B | $2.78B | $2.40B |
| Current assets | $730.70M | $781.50M | $864.20M | $734.40M | $616.30M | $535.90M | $704.90M | $675.80M | $656.70M | $607.00M |
| Total liabilities | $1.45B | $1.20B | $1.20B | $1.28B | $1.33B | $1.41B | $1.68B | $1.50B | $1.29B | $1.16B |
| Current liabilities | $322.70M | $353.50M | $315.90M | $329.80M | $247.60M | $183.10M | $322.60M | $326.70M | $262.10M | $271.90M |
| Total equity incl. NCI | $1.25B | $1.53B | $1.72B | $1.55B | $1.49B | $1.51B | $1.45B | $1.32B | $1.50B | $1.24B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $328.80M | $356.20M | $334.40M | $319.30M | $245.70M | $213.50M | $333.10M | $297.80M | $314.00M | $291.00M |
| Accounts receivable | $249.30M | $212.00M | $234.70M | $222.70M | $160.30M | $125.40M | $227.60M | $260.90M | $248.70M | $245.60M |
| Goodwill | $191.60M | $186.50M | $188.70M | $187.00M | $190.50M | $193.10M | $189.80M | $107.70M | $110.10M | $66.60M |
| Long-term debt | $993.00M | $700.60M | $699.40M | $723.30M | $822.40M | $925.50M | $1.05B | $947.40M | $805.60M | $684.40M |
| Accounts payable | $146.60M | $142.30M | $159.10M | $155.50M | $113.20M | $70.00M | $157.60M | $161.90M | $144.10M | $137.30M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $230.50M | $289.90M | $257.10M | $173.10M | $151.70M | $264.30M | $491.10M | $421.40M | $428.70M | $401.40M |
| Capital expenditures | $73.30M | $87.00M | $108.20M | $76.30M | $27.90M | $50.60M | $204.10M | $184.10M | $278.10M | $327.90M |
| Investing cash flow | -$76.00M | -$87.00M | -$50.70M | -$54.60M | -$27.90M | -$50.60M | -$367.30M | -$187.50M | -$354.10M | -$366.50M |
| Financing cash flow | -$212.30M | -$301.70M | -$92.60M | -$130.00M | -$96.80M | -$178.50M | -$91.40M | -$257.30M | -$58.30M | -$46.80M |
| Net change in cash | -$54.40M | -$101.60M | $115.00M | -$15.70M | $24.40M | $38.90M | $31.70M | -$27.40M | $24.90M | -$16.60M |
| Stock-based compensation | $14.40M | $22.20M | $20.90M | $20.00M | $19.00M | $15.40M | $18.30M | $16.20M | $17.60M | $16.10M |
| Common dividends paid | $53.90M | $49.30M | $42.20M | $33.70M | $0 | $14.20M | $4.20M | $48.40M | $42.60M | $39.80M |
| Common share repurchases | $454.30M | $252.20M | $30.10M | $0 | $0 | $24.60M | $143.00M | $357.70M | $150.30M | $111.10M |
| Depreciation & amortization | $122.30M | $124.00M | $124.80M | $126.20M | $138.00M | $140.90M | $141.70M | $123.10M | $104.50M | $93.30M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $157.20M | $202.90M | $148.90M | $96.80M | $123.80M | $213.70M | $287.00M | $237.30M | $150.60M | $73.50M |
| Gross margin | 23.0% | 24.7% | 24.2% | 22.6% | 18.9% | 16.0% | 27.2% | 26.5% | 28.0% | 28.2% |
| Operating margin | 9.1% | 9.8% | 12.0% | 11.1% | 3.9% | 0.9% | 18.0% | 17.0% | 17.8% | 18.0% |
| FCF margin | 8.3% | 10.7% | 8.3% | 6.1% | 9.3% | 14.2% | 12.2% | 10.8% | 7.6% | 3.7% |
| SBC / revenue | 0.8% | 1.2% | 1.2% | 1.3% | 1.4% | 1.0% | 0.8% | 0.7% | 0.9% | 0.8% |
| Current ratio | 2.26x | 2.21x | 2.74x | 2.23x | 2.49x | 2.93x | 2.19x | 2.07x | 2.51x | 2.23x |
| Revenue YoY growth | -0.5% | 6.4% | 13.4% | 19.1% | -11.8% | -36.2% | 7.6% | 10.9% | -1.5% | Unavailable |
| Net margin | 5.8% | 6.9% | 5.9% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | 3.0% | 3.0% | 2.9% | 2.9% | 3.4% | 3.1% | 2.4% | 2.6% | 2.5% | 2.3% |
| CapEx / revenue | 3.9% | 4.6% | 6.0% | 4.8% | 2.1% | 3.4% | 8.7% | 8.4% | 14.1% | 16.4% |
| Long-term debt / equity | 0.79x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 19.0% | 14.7% | 11.0% | 21.1% | 26.8% | Unavailable | 20.2% | 18.7% | 13.1% | 26.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open HXL in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-22View SEC filing
10-K · Filed 2026-02-11View SEC filing
10-Q · Filed 2025-10-22View SEC filing
10-Q · Filed 2025-07-24View SEC filing
10-Q · Filed 2025-04-21View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.