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HXLHexcel Corporation
$85.98$6.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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HXL logo

Hexcel Corporation

HXL
NYSE · Aerospace & Defense
$85.98
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$6.5B
P/E62.8x
52W High$111.74
Volume931.03K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Widebody Recovery Drives Margin Expansion Amid Leverage

Hexcel is experiencing a broad-based recovery in widebody production, with revenue up 8.0% YoY to $529.3M in 2026Q2 and operating margin expanding to 13.7% from 6.1% a year earlier. The company is benefiting from operating leverage and disciplined cost managem...

GrowthAccelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HXL price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+65% Peers

P/E is 65% above peer median

03

Market leadership

RS 47 · Lag

Laggard (Underperforming 53% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue grew 8.0% YoY to $529.3M in 2026Q2, with operating margin expanding to 13.7% from 6.1% a year earlier, though gross margin at 26.1% remains below the 2024Q2 peak of 25.3%.

Analyst Consensus+29.8% target
Hold(36 analysts)
17 Buy18 Hold1 Sell

The Bull Case

Upside Catalysts

Commercial aerospace leadership

Hexcel is the world leader in honeycomb manufacturing for the commercial aerospace market, with strong sales driving earnings beats.

Diverse composite materials portfolio

The company manufactures an unrivaled range of composite materials and engineered products, including carbon fibers and resin systems.

Strong aerospace market recovery

The commercial aerospace market is positioned for a strong ramp-up, with incremental production improvements driving demand for Hexcel's products.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HXL+12.54%
S&P 500 (^GSPC)+13.20%
1-Year Return
HXL+39.82%
S&P 500 (^GSPC)+15.98%
3-Year Return
HXL+34.52%
S&P 500 (^GSPC)+79.40%
5-Year Return
HXL+49.78%
S&P 500 (^GSPC)+69.36%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
62.8x
Forward P/EExpansion
35.8x
EV/EBITDA80th %ile
25.3x
FCF YieldCash Flow
4.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
62.8x
53.9x
80th· High
EV/EBITDA
25.3x
20.0x
80th· High
Price/FCF
21.2x
35.4x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$23.99-72.1%
Base (Fair)$55.86-36.6%
Bull$72.26-16.0%
$23.99 Bear$55.86 Base$72.26 Bull
Current Market Price: $85.98
Trades at a 53.9% premium to Base DCF ($55.86)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.89B-0.5% YoY
Net income
$109M-17.2% YoY
Free cash flow
$307M+51.4% YoY
Operating margin
9.1%-0.7 pts YoY
ROIC (TTM)6%
Avg ROIC 5Y-
ROE (TTM)7.9%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.66+15.0%
vs $0.57
$529M+0.2%
vs $528M
Q2 2026
Apr 22, 2026
$0.59+36.6%
vs $0.43
$502M+3.5%
vs $485M
Q1 2026
Jan 28, 2026
$0.52+6.3%
vs $0.49
$491M+2.5%
vs $479M
Q4 2025
Oct 22, 2025
$0.37+2.4%
vs $0.36
$456M+2.9%
vs $443M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·2d ago
Hexcel to Showcase Advanced Composite Innovations for Aerospace, Defense and Space at CAMX 2026

STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL), a global leader in advanced composites technology, will showcase new materials, qualification milestones and manufacturing innovations at the Composites and Advanced Materials Expo (CAMX) 2026, Sept. 22-24 in Atlanta. Visitors to Hexcel's Booth P4 will learn how the company is helping customers accelerate the development and production of next-generation aircraft, strengthen defense and space capabilities, and benefit from the ad.

Defense World·6d ago
Bank of America Corp DE Invests $216.95 Million in Hexcel Corporation $HXL

Bank of America Corp DE bought a new stake in Hexcel Corporation (NYSE: HXL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,168,182 shares of the aerospace company's stock, valued at approximately $216,948,000. Bank of America Corp DE owned approximately

Defense World·Sep 12, 2026
Amundi Buys 77,268 Shares of Hexcel Corporation $HXL

Amundi grew its position in Hexcel Corporation (NYSE: HXL) by 124.4% in the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 139,357 shares of the aerospace company's stock after buying an additional 77,268 shares during the period. Amundi owned approximately 0.18% of Hexcel worth $13,944,000 as of

Seeking Alpha·Sep 9, 2026
Hexcel Corporation (HXL) Presents at Jefferies Global Industrials Conference 2026 Transcript

Hexcel Corporation (HXL) Presents at Jefferies Global Industrials Conference 2026 Transcript

Filtered for Hexcel CorporationMore Headlines
04

Compare before deciding

Benchmark HXL against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Hexcel Corporation (HXL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HXL logoHXLHexcel CorporationCurrent
$85.98$6.5B62.76-0.48%5.78%7.87%0.78%
CRS logoCRSCarpenter Technology Corporation
$400.02$19.88B38.028.59%16.96%25.87%—
TPC logoTPCTutor Perini Corporation
$85.77$4.52B56.8028.11%2.08%9.69%—
KTOS logoKTOSKratos Defense & Security Solutions, Inc.
$46.97$8.81B361.3118.52%2.03%1.14%—
MTRN logoMTRNMaterion Corporation
$253.30$5.27B70.756.05%4.29%9.41%—
AVAV logoAVAVAeroVironment, Inc.
$156.15$7.9B-28.92140.89%-10.13%-4.64%—

Compare HXL vs Peers

Hexcel Corporation (HXL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CRS

Most directly comparable listed peer for HXL.

Scale Benchmark

vs GE

Larger-name benchmark to compare HXL against a more recognizable public peer.

Peer Set

Compare Top 5

vs CRS, TPC, KTOS, MTRN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HXL SEC Filings & Documents

Hexcel Corporation (HXL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

May 28, 2026·SEC

Material company update

May 15, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 5, 2025·SEC

FY 2024

Feb 7, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 22, 2026·SEC

FY 2025

Oct 22, 2025·SEC

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HXL Frequently Asked Questions

Hexcel Corporation (HXL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Hexcel Corporation's revenue?

Hexcel Corporation (HXL) reported $1.97B in revenue for fiscal year 2025. This represents a 184% increase from $695.3M in 1996.

How fast is Hexcel Corporation growing?

Hexcel Corporation (HXL) saw revenue decline by 0.5% over the past year.

Is HXL profitable?

Yes, Hexcel Corporation (HXL) is profitable, generating $153.5M in net income for fiscal year 2025 (5.8% net margin).

Dividend & Returns
Does HXL pay dividends?

Yes, Hexcel Corporation (HXL) pays a dividend with a yield of 0.78%. This makes it attractive for income-focused investors.

What is HXL's return on equity?

Hexcel Corporation (HXL) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.

What is Hexcel Corporation's free cash flow?

Hexcel Corporation (HXL) generated $301.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in HXL back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →