Hexcel Corporation (HXL) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↓
27.72
↑+29% vs avg
5yr avg: 21.51
30Y Low5.9·High32.0
P/FCF
↓
23.51
↓-33% vs avg
5yr avg: 34.86
30Y Low2.1·High195.0
P/B Ratio
↑
6.13
↑+70% vs avg
5yr avg: 3.60
30Y Low0.7·High8.1
ROE
↑
7.9%
↓+24% vs avg
5yr avg: 6.4%
30Y Low-474%·High153%
Debt/EBITDA
↓
3.38
+14% vs avg
5yr avg: 2.95
30Y Low0.8·High9.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HXL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hexcel Corporation trades at 69.9x earnings, 25% below its 5-year average of 93.0x, sitting at the 96th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 174%. On a free-cash-flow basis, the stock trades at 23.5x P/FCF, 33% below the 5-year average of 34.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.2B | $5.9B | $5.2B | $6.3B | $5.0B | $4.4B | $4.1B | $6.3B | $5.1B | $5.7B | $4.8B |
| Enterprise Value | $8.1B | $6.8B | $5.8B | $6.8B | $5.7B | $5.1B | $5.0B | $7.4B | $6.0B | $6.4B | $5.5B |
| P/E Ratio → | 69.91 | 53.94 | 39.43 | 59.48 | 39.50 | 272.63 | 127.61 | 20.54 | 18.44 | 20.02 | 19.41 |
| P/S Ratio | 3.81 | 3.12 | 2.73 | 3.52 | 3.17 | 3.31 | 2.71 | 2.67 | 2.33 | 2.88 | 2.42 |
| P/B Ratio | 6.13 | 4.73 | 3.41 | 3.67 | 3.22 | 2.95 | 2.70 | 4.35 | 3.86 | 3.80 | 3.89 |
| P/FCF | 23.51 | 19.24 | 25.65 | 42.35 | 51.68 | 35.40 | 19.06 | 21.92 | 21.51 | 37.74 | 65.93 |
| P/OCF | 31.34 | 25.65 | 17.95 | 24.53 | 28.90 | 28.89 | 15.41 | 12.81 | 12.11 | 13.26 | 12.07 |
P/E links to full P/E history page with 30-year chart
HXL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hexcel Corporation's enterprise value stands at 27.7x EBITDA, 29% above its 5-year average of 21.5x. The Industrials sector median is 13.8x, placing the stock at a 101% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.61 | 3.05 | 3.81 | 3.59 | 3.83 | 3.30 | 3.12 | 2.75 | 3.26 | 2.74 |
| EV / EBITDA | 27.72 | 23.25 | 18.72 | 20.02 | 18.79 | 26.75 | 31.99 | 12.97 | 12.20 | 14.14 | 12.12 |
| EV / EBIT | 47.47 | 39.57 | 31.19 | 47.37 | 30.45 | 84.21 | 351.47 | 17.29 | 16.24 | 18.35 | 15.29 |
| EV / FCF | — | 22.25 | 28.61 | 45.72 | 58.51 | 41.02 | 23.19 | 25.62 | 25.40 | 42.72 | 74.82 |
HXL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hexcel Corporation earns an operating margin of 9.1%, above the Industrials sector average of 4.9%. Operating margins have compressed from 12.0% to 9.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 7.9% is modest, trailing the sector median of 8.2%. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0% | 23.0% | 24.7% | 24.2% | 22.6% | 18.9% | 16.0% | 27.2% | 26.5% | 28.0% | 28.2% |
| Operating Margin | 9.1% | 9.1% | 9.8% | 12.0% | 11.1% | 3.9% | 0.9% | 18.0% | 17.0% | 17.8% | 18.0% |
| Net Profit Margin | 5.8% | 5.8% | 6.9% | 5.9% | 8.0% | 1.2% | 2.1% | 13.0% | 12.6% | 14.4% | 12.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.9% | 7.9% | 8.1% | 6.5% | 8.3% | 1.1% | 2.1% | 22.2% | 19.6% | 20.7% | 20.6% |
| ROA | 4.0% | 4.0% | 4.7% | 3.7% | 4.5% | 0.6% | 1.0% | 10.3% | 9.9% | 11.0% | 10.9% |
| ROIC | 6.0% | 6.0% | 6.4% | 7.3% | 6.0% | 1.7% | 0.4% | 13.4% | 12.4% | 12.7% | 15.0% |
| ROCE | 7.2% | 7.2% | 7.5% | 8.4% | 6.9% | 2.0% | 0.5% | 16.0% | 14.8% | 15.1% | 17.9% |
HXL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hexcel Corporation carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (6% above the sector average of 3.2x). Net debt stands at $922M ($993M total debt minus $71M cash). Interest coverage of 4.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.79 | 0.79 | 0.48 | 0.42 | 0.50 | 0.55 | 0.65 | 0.78 | 0.72 | 0.54 | 0.55 |
| Debt / EBITDA | 3.38 | 3.38 | 2.34 | 2.14 | 2.57 | 4.34 | 6.36 | 1.99 | 1.94 | 1.78 | 1.52 |
| Net Debt / Equity | — | 0.74 | 0.39 | 0.29 | 0.43 | 0.47 | 0.58 | 0.73 | 0.70 | 0.50 | 0.52 |
| Net Debt / EBITDA | 3.14 | 3.14 | 1.94 | 1.48 | 2.19 | 3.66 | 5.70 | 1.87 | 1.87 | 1.65 | 1.44 |
| Debt / FCF | — | 3.00 | 2.96 | 3.37 | 6.83 | 5.62 | 4.13 | 3.70 | 3.89 | 4.98 | 8.89 |
| Interest Coverage | 4.58 | 4.58 | 5.96 | 4.23 | 5.14 | 1.57 | 0.34 | 9.35 | 9.85 | 12.80 | 16.28 |
HXL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Hexcel Corporation's current ratio of 2.26x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.25x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.74x to 2.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.26 | 2.26 | 2.21 | 2.74 | 2.23 | 2.49 | 2.93 | 2.19 | 2.07 | 2.51 | 2.23 |
| Quick Ratio | 1.25 | 1.25 | 1.20 | 1.68 | 1.26 | 1.50 | 1.76 | 1.15 | 1.16 | 1.31 | 1.16 |
| Cash Ratio | 0.22 | 0.22 | 0.35 | 0.72 | 0.34 | 0.52 | 0.56 | 0.20 | 0.10 | 0.23 | 0.13 |
| Asset Turnover | — | 0.70 | 0.70 | 0.61 | 0.56 | 0.47 | 0.51 | 0.75 | 0.78 | 0.71 | 0.83 |
| Inventory Turnover | 4.44 | 4.44 | 4.02 | 4.05 | 3.82 | 4.37 | 5.91 | 5.15 | 5.40 | 4.53 | 4.95 |
| Days Sales Outstanding | — | 48.05 | 46.38 | 53.01 | 58.92 | 52.57 | 40.94 | 43.43 | 51.92 | 46.00 | 44.73 |
HXL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hexcel Corporation returns 7.0% to shareholders annually — split between a 0.7% dividend yield and 6.3% buyback yield. A payout ratio of 49.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 1.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 0.9% | 0.9% | 0.7% | 0.7% | — | 0.3% | 0.9% | 0.9% | 0.7% | 0.8% |
| Payout Ratio | 49.3% | 49.3% | 37.3% | 39.9% | 26.7% | — | 44.8% | 17.7% | 17.5% | 15.0% | 15.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 1.9% | 2.5% | 1.7% | 2.5% | 0.4% | 0.8% | 4.9% | 5.4% | 5.0% | 5.2% |
| FCF Yield | 4.3% | 5.2% | 3.9% | 2.4% | 1.9% | 2.8% | 5.2% | 4.6% | 4.6% | 2.6% | 1.5% |
| Buyback Yield | 6.3% | 7.7% | 4.8% | 0.5% | 0.0% | 0.0% | 0.6% | 2.3% | 7.0% | 2.6% | 2.3% |
| Total Shareholder Yield | 7.0% | 8.6% | 5.8% | 1.1% | 0.7% | 0.0% | 1.0% | 3.1% | 8.0% | 3.4% | 3.1% |
| Shares Outstanding | — | $80M | $83M | $86M | $85M | $85M | $84M | $86M | $89M | $92M | $94M |
Peer Comparison
Compare HXL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HXLYou | $7B | 69.9 | 27.7 | 23.5 | 23.0% | 9.1% | 7.9% | 6.0% | 3.4 |
 CRS | $22B | 60.0 | 34.1 | 77.3 | 26.7% | 18.1% | 21.4% | 17.5% | 1.1 |
 TPC | $4B | 54.9 | 14.5 | 7.7 | 11.7% | 4.2% | 6.6% | 15.8% | 1.7 |
 KTOS | $11B | 438.5 | 118.4 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 MTRN | $4B | 53.4 | 24.7 | 79.5 | 16.7% | 6.5% | 8.3% | 6.0% | 3.2 |
 AVAV | $8B | 108.5 | 103.0 | — | 39.4% | 5.0% | 5.1% | 3.6% | 0.8 |
 TDY | $29B | 33.4 | 21.2 | 27.2 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 ENPH | $5B | 27.5 | 22.2 | 48.7 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 CSTM | $4B | 17.1 | 7.8 | 28.2 | 10.1% | 5.6% | 32.2% | 13.4% | 2.4 |
 ATI | $22B | 57.0 | 29.3 | 66.7 | 21.8% | 13.8% | 20.9% | 14.5% | 2.4 |
 KWR | $2B | -1021.0 | 11.9 | 30.7 | 36.0% | 9.4% | -0.2% | 6.6% | 3.4 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonHXL — Frequently Asked Questions
Quick answers to the most common questions about buying HXL stock.
What is Hexcel Corporation's P/E ratio?
Hexcel Corporation's current P/E ratio is 69.9x. The historical average is 29.1x. This places it at the 96th percentile of its historical range.
What is Hexcel Corporation's EV/EBITDA?
Hexcel Corporation's current EV/EBITDA is 27.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
What is Hexcel Corporation's ROE?
Hexcel Corporation's return on equity (ROE) is 7.9%. The historical average is 0.9%.
Is HXL stock overvalued?
Based on historical data, Hexcel Corporation is trading at a P/E of 69.9x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Hexcel Corporation's dividend yield?
Hexcel Corporation's current dividend yield is 0.70% with a payout ratio of 49.3%.
What are Hexcel Corporation's profit margins?
Hexcel Corporation has 23.0% gross margin and 9.1% operating margin.
How much debt does Hexcel Corporation have?
Hexcel Corporation's Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.