Hexcel (HXL) Financials

$51.35 -0.72 (-1.38%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$50.38 -0.98 (-1.90%)

As of 05/23/2025 06:28 PM Eastern

Annual Income Statements for Hexcel

This table shows Hexcel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	132	106	126	16	32	307	277	284	250	237
Consolidated Net Income / (Loss)	132	106	126	16	32	307	277	284	250	237
Net Income / (Loss) Continuing Operations	132	106	126	16	32	307	277	284	250	237
Total Pre-Tax Income	155	110	150	22	-28	380	334	323	338	318
Total Operating Income	186	215	175	52	14	425	371	351	360	332
Total Gross Profit	470	433	357	250	240	640	581	552	565	533
Total Revenue	1,903	1,789	1,578	1,325	1,502	2,356	2,189	1,973	2,004	1,861
Operating Revenue	1,903	1,789	1,578	1,325	1,502	2,356	2,189	1,973	2,004	1,861
Total Cost of Revenue	1,433	1,356	1,221	1,075	1,263	1,715	1,608	1,422	1,440	1,328
Operating Cost of Revenue	1,433	1,356	1,221	1,075	1,263	1,715	1,608	1,422	1,440	1,328
Total Operating Expenses	284	218	182	198	226	215	210	201	205	200
Selling, General & Admin Expense	177	164	148	135	121	159	146	152	158	156
Research & Development Expense	57	53	46	45	47	57	56	49	47	44
Other Operating Expenses / (Income)	50	1.40	-12	18	58	0.00	7.70	-	-	-
Total Other Income / (Expense), net	-31	-106	-25	-30	-42	-46	-38	-27	-23	-14
Interest Expense	31	34	36	38	42	46	38	27	22	14
Other Income / (Expense), net	0.00	-72	11	8.50	0.00	-	-	-	-0.40	-
Income Tax Expense	23	12	32	5.90	-61	77	63	43	90	83
Other Gains / (Losses), net	0.00	8.10	8.10	0.00	-1.60	3.70	5.60	3.30	2.50	2.00
Basic Earnings per Share	$1.61	$1.25	$1.50	$0.19	$0.38	$3.61	$3.15	$3.13	$2.69	$2.48
Weighted Average Basic Shares Outstanding	82.30M	84.60M	84.40M	84.10M	83.80M	84.90M	87.90M	90.60M	92.80M	95.80M
Diluted Earnings per Share	$1.59	$1.24	$1.49	$0.19	$0.38	$3.57	$3.11	$3.09	$2.65	$2.44
Weighted Average Diluted Shares Outstanding	83M	85.50M	85M	84.60M	84M	85.80M	89M	91.90M	94.20M	97.20M
Weighted Average Basic & Diluted Shares Outstanding	81.13M	84.39M	84.28M	83.99M	83.65M	83.34M	84.79M	89.84M	91.51M	93.29M
Cash Dividends to Common per Share	$0.60	$0.50	$0.40	-	$0.17	$0.64	$0.55	$0.47	$0.44	$0.40

This table shows Hexcel's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	29	5.80	40	50	37	-18	39	43	43	37	27
Consolidated Net Income / (Loss)	29	5.80	40	50	37	-18	39	43	43	37	27
Net Income / (Loss) Continuing Operations	29	5.80	40	50	37	-18	39	43	43	37	27
Total Pre-Tax Income	36	0.80	44	64	46	-32	36	52	53	42	32
Total Operating Income	44	8.90	53	72	53	48	44	61	63	41	41
Total Gross Profit	102	119	107	127	118	103	92	111	128	99	82
Total Revenue	457	474	457	500	472	458	420	454	458	429	365
Operating Revenue	457	474	457	500	472	458	420	454	458	429	365
Total Cost of Revenue	354	355	350	374	354	354	328	344	330	330	283
Operating Cost of Revenue	354	355	350	374	354	354	328	344	330	330	283
Total Operating Expenses	58	110	54	55	65	56	48	50	65	59	41
Selling, General & Admin Expense	43	48	40	40	49	42	35	36	51	41	29
Research & Development Expense	14	14	14	15	15	12	13	13	14	12	12
Other Operating Expenses / (Income)	1.10	48	0.40	0.20	1.20	1.50	-0.80	0.50	0.20	5.80	0.40
Total Other Income / (Expense), net	-8.20	-8.10	-8.50	-8.10	-6.50	-79	-7.80	-9.20	-9.40	1.30	-9.00
Interest Expense	7.80	8.10	8.50	8.10	6.50	7.60	7.80	9.20	9.40	9.20	9.00
Other Income / (Expense), net	-0.40	-	0.00	-	-	-	0.00	-	-	-	0.00
Income Tax Expense	7.10	-5.00	4.20	14	9.90	-10	-0.70	12	12	7.40	6.80
Basic Earnings per Share	$0.36	$0.07	$0.49	$0.61	$0.44	($0.21)	$0.46	$0.50	$0.50	$0.44	$0.32
Weighted Average Basic Shares Outstanding	81.10M	82.30M	81.50M	82.50M	83.90M	84.60M	84.60M	84.70M	84.60M	84.40M	84.40M
Diluted Earnings per Share	$0.35	$0.07	$0.49	$0.60	$0.43	($0.21)	$0.45	$0.50	$0.50	$0.44	$0.31
Weighted Average Diluted Shares Outstanding	81.70M	83M	82.10M	83.20M	84.80M	85.50M	85.60M	85.60M	85.50M	85M	85.10M
Weighted Average Basic & Diluted Shares Outstanding	80.41M	81.13M	81.00T	81.75T	83.11M	84.39M	84.11M	84.47M	84.37M	84.28M	84.17M
Cash Dividends to Common per Share	$0.17	-	$0.15	$0.15	$0.15	-	$0.13	$0.13	$0.13	-	$0.10

This table details how cash moves in and out of Hexcel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Net Change in Cash & Equivalents	-102	115	-16	24	39	32	-27	25	-17	-19
Net Cash From Operating Activities	290	257	173	152	264	491	421	429	401	301
Net Cash From Continuing Operating Activities	290	257	173	152	264	491	421	429	401	301
Net Income / (Loss) Continuing Operations	132	106	126	16	32	307	277	284	250	237
Consolidated Net Income / (Loss)	132	106	126	16	32	307	277	284	250	237
Depreciation Expense	124	125	126	138	141	142	123	105	93	76
Amortization Expense	0.40	0.60	0.70	3.10	1.20	0.90	1.60	0.70	1.70	1.10
Non-Cash Adjustments To Reconcile Net Income	51	84	-6.90	13	40	12	18	14	14	6.70
Changes in Operating Assets and Liabilities, net	-18	-58	-73	-19	51	30	1.80	25	43	-20
Net Cash From Investing Activities	-87	-51	-55	-28	-51	-367	-188	-354	-367	-305
Net Cash From Continuing Investing Activities	-87	-51	-55	-28	-51	-367	-188	-354	-367	-305
Purchase of Property, Plant & Equipment	-87	-108	-76	-28	-51	-204	-184	-278	-328	-305
Sale and/or Maturity of Investments	0.00	47	0.50	0.00	0.00	-	-	-	-	-
Other Investing Activities, net	0.00	10	21	0.00	0.00	-	-	-	-	-
Net Cash From Financing Activities	-302	-93	-130	-97	-179	-91	-257	-58	-47	-11
Net Cash From Continuing Financing Activities	-302	-93	-130	-97	-179	-91	-257	-58	-47	-11
Repayment of Debt	-160	-191	-151	-104	-558	-827	-604	-782	-485	-136
Repurchase of Common Equity	-252	-30	0.00	0.00	-25	-143	-358	-150	-111	-146
Payment of Dividends	-49	-42	-34	0.00	-14	-54	-48	-43	-40	-38
Issuance of Debt	160	163	50	0.00	422	926	752	895	591	300
Other Financing Activities, net	-0.50	7.40	4.30	7.10	-3.30	6.30	0.80	10	-1.40	9.70
Effect of Exchange Rate Changes	-2.80	1.20	-4.20	-2.60	3.70	-0.70	-4.00	8.60	-4.70	-3.90
Cash Interest Paid	34	35	35	36	42	45	-	-	-	-
Cash Income Taxes Paid	42	59	36	1.20	-0.20	57	-	-	-	-

This table details how cash moves in and out of Hexcel's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-36	27	23	-11	-141	129	-6.50	-1.50	-6.30	21	-8.60
Net Cash From Operating Activities	-29	163	90	44	-7.00	159	68	54	-23	117	38
Net Cash From Continuing Operating Activities	-29	163	90	44	-7.00	159	68	54	-23	117	38
Net Income / (Loss) Continuing Operations	29	5.80	40	50	37	-18	39	43	43	37	27
Consolidated Net Income / (Loss)	29	5.80	40	50	37	-18	39	43	43	37	27
Depreciation Expense	30	31	31	31	31	32	32	31	31	31	31
Amortization Expense	0.00	0.10	0.10	0.10	0.10	0.10	0.10	0.30	0.10	0.10	0.20
Non-Cash Adjustments To Reconcile Net Income	11	32	2.90	2.60	14	74	-0.90	-0.60	12	9.20	0.20
Changes in Operating Assets and Liabilities, net	-98	94	16	-40	-88	71	-1.40	-20	-108	39	-20
Net Cash From Investing Activities	-27	-19	-17	-23	-29	31	-9.30	-54	-18	-18	-20
Net Cash From Continuing Investing Activities	-27	-19	-17	-23	-29	31	-9.30	-54	-18	-18	-20
Purchase of Property, Plant & Equipment	-26	-19	-17	-23	-29	-14	-20	-57	-18	-18	-20
Other Investing Activities, net	-1.10	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	18	-114	-52	-32	-104	-63	-64	-0.80	35	-81	-22
Net Cash From Continuing Financing Activities	18	-114	-52	-32	-104	-63	-64	-0.80	35	-81	-22
Repayment of Debt	296	-105	147	-202	-0.10	-55	-25	-90	-20	-89	-15
Repurchase of Common Equity	-50	-	-	-	-101	-	-	-	0.00	-	-
Payment of Dividends	-14	-12	-12	-12	-13	-11	-11	-11	-11	-8.40	-8.50
Issuance of Debt	-210	-	65	80	15	-	0.10	98	65	15	-
Other Financing Activities, net	-3.40	2.80	1.00	1.60	-5.90	2.70	2.00	2.30	0.40	1.20	1.70
Effect of Exchange Rate Changes	1.30	-	-	-	-1.10	2.30	-1.50	-	0.40	3.80	-4.00

This table presents Hexcel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Total Assets	2,726	2,919	2,837	2,819	2,918	3,129	2,824	2,781	2,401	2,187
Total Current Assets	782	864	734	616	536	705	676	657	607	634
Cash & Equivalents	125	227	112	128	103	64	33	60	35	52
Accounts Receivable	212	235	223	160	125	228	261	249	246	234
Inventories, net	356	334	319	246	214	333	298	314	291	307
Prepaid Expenses	51	43	39	40	38	27	34	34	35	41
Other Current Assets	30	25	32	31	43	53	51	-	-	-
Other Current Nonoperating Assets	7.50	0.00	9.50	13	13	0.00	-	-	-	-
Plant, Property, & Equipment, net	1,597	1,679	1,658	1,746	1,874	1,943	1,877	1,866	1,626	1,426
Plant, Property & Equipment, gross	3,163	3,196	3,088	3,110	3,140	3,075	2,902	2,744	2,378	2,099
Accumulated Depreciation	1,566	1,517	1,430	1,364	1,266	1,132	1,026	878	753	674
Total Noncurrent Assets	347	376	445	457	508	481	272	258	168	128
Long-Term Investments	5.00	5.00	48	45	45	47	49	48	53	30
Goodwill	237	251	256	268	278	280	142	149	72	59
Other Noncurrent Operating Assets	105	119	142	145	185	154	81	62	43	39
Total Liabilities & Shareholders' Equity	2,726	2,919	2,837	2,819	2,918	3,129	2,824	2,781	2,401	2,187
Total Liabilities	1,198	1,202	1,283	1,334	1,408	1,683	1,502	1,286	1,156	1,008
Total Current Liabilities	354	316	330	248	183	323	327	262	272	293
Short-Term Debt	0.10	0.10	0.20	0.90	0.90	9.50	9.40	4.30	4.30	-
Accounts Payable	142	159	156	113	70	158	162	144	137	149
Accrued Expenses	99	75	83	73	65	63	70	41	64	81
Current Employee Benefit Liabilities	100	76	70	54	43	74	76	73	67	63
Other Current Liabilities	8.00	6.00	22	5.70	3.60	18	9.70	-	-	-
Other Current Nonoperating Liabilities	4.20	0.00	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	844	886	953	1,086	1,225	1,360	1,175	1,024	884	715
Long-Term Debt	701	699	723	822	926	1,051	947	806	684	577
Noncurrent Deferred & Payable Income Tax Liabilities	81	111	126	140	153	156	145	-	-	-
Noncurrent Employee Benefit Liabilities	32	43	43	53	54	53	42	-	-	-
Other Noncurrent Operating Liabilities	31	34	61	71	92	100	41	173	159	100
Total Equity & Noncontrolling Interests	1,528	1,717	1,554	1,486	1,510	1,446	1,322	1,495	1,245	1,180
Total Preferred & Common Equity	1,528	1,717	1,554	1,486	1,510	1,446	1,322	1,495	1,245	1,180
Total Common Equity	1,528	1,717	1,554	1,486	1,510	1,446	1,322	1,495	1,245	1,180
Common Stock	971	938	906	880	851	831	799	775	740	717
Retained Earnings	2,252	2,169	2,105	2,013	1,996	1,979	1,727	1,496	1,255	1,044
Treasury Stock	-1,580	-1,316	-1,282	-1,280	-1,277	-1,245	-1,096	-731	-575	-458
Accumulated Other Comprehensive Income / (Loss)	-115	-74	-174	-127	-60	-119	-108	-45	-174	-124

This table presents Hexcel's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,779	2,862	2,828	2,821	2,846	2,922	2,907	2,776
Total Current Assets	823	828	808	790	765	810	808	685
Cash & Equivalents	89	98	75	86	98	104	106	91
Accounts Receivable	259	259	283	271	237	257	265	203
Inventories, net	382	376	352	354	351	361	355	303
Prepaid Expenses	50	60	63	48	49	51	44	43
Other Current Assets	36	36	35	31	31	27	29	33
Other Current Nonoperating Assets	7.50	0.00	0.00	0.00	0.00	9.50	9.50	13
Plant, Property, & Equipment, net	1,605	1,658	1,649	1,658	1,653	1,680	1,651	1,629
Plant, Property & Equipment, gross	3,207	3,271	3,212	3,195	3,145	3,163	3,116	3,005
Accumulated Depreciation	1,602	1,613	1,563	1,537	1,492	1,483	1,465	1,375
Total Noncurrent Assets	352	377	371	373	428	432	449	461
Long-Term Investments	5.00	5.00	5.00	5.00	52	50	53	47
Goodwill	240	248	247	249	251	254	255	253
Other Noncurrent Operating Assets	107	124	120	120	126	127	141	161
Total Liabilities & Shareholders' Equity	2,779	2,862	2,828	2,821	2,846	2,922	2,907	2,776
Total Liabilities	1,247	1,273	1,256	1,189	1,200	1,256	1,285	1,331
Total Current Liabilities	318	300	294	289	253	276	290	284
Short-Term Debt	0.10	0.10	0.10	0.10	0.10	0.10	0.20	0.30
Accounts Payable	118	124	125	128	98	118	122	113
Accrued Expenses	105	80	85	89	71	83	92	61
Current Employee Benefit Liabilities	88	96	80	67	70	62	61	69
Other Current Liabilities	2.80	0.40	3.20	4.50	14	14	15	40
Other Current Nonoperating Liabilities	4.20	-	-	-	-	-	-	-
Total Noncurrent Liabilities	929	973	963	901	947	980	995	1,047
Long-Term Debt	787	805	795	715	754	779	769	797
Noncurrent Deferred & Payable Income Tax Liabilities	84	106	107	108	112	118	124	121
Noncurrent Employee Benefit Liabilities	30	33	31	44	45	45	44	47
Other Noncurrent Operating Liabilities	28	29	30	33	36	38	58	81
Total Equity & Noncontrolling Interests	1,533	1,590	1,571	1,632	1,646	1,666	1,622	1,445
Total Preferred & Common Equity	1,533	1,590	1,571	1,632	1,646	1,666	1,622	1,445
Total Common Equity	1,533	1,590	1,571	1,632	1,646	1,666	1,622	1,445
Common Stock	982	965	961	956	933	927	922	900
Retained Earnings	2,267	2,258	2,230	2,193	2,197	2,169	2,137	2,076
Treasury Stock	-1,635	-1,580	-1,528	-1,427	-1,316	-1,285	-1,285	-1,282
Accumulated Other Comprehensive Income / (Loss)	-81	-54	-91	-89	-168	-145	-152	-249

This table displays calculated financial ratios and metrics derived from Hexcel's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	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	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.37%	13.39%	19.10%	-11.83%	-36.22%	7.61%	10.94%	-1.55%	7.69%	0.31%
EBITDA Growth	15.38%	-14.00%	55.36%	28.94%	-72.49%	14.50%	8.80%	0.24%	10.93%	8.41%
EBIT Growth	29.51%	-22.74%	208.46%	327.66%	-96.68%	14.55%	5.88%	-2.53%	8.21%	8.88%
NOPAT Growth	-17.15%	38.56%	264.68%	284.07%	-97.09%	12.45%	-0.94%	15.44%	7.36%	14.84%
Net Income Growth	24.98%	-16.31%	684.47%	-49.21%	-89.66%	10.85%	-2.61%	13.69%	5.31%	13.28%
EPS Growth	28.23%	-16.78%	684.21%	-50.00%	-89.36%	14.79%	0.65%	16.60%	8.61%	15.09%
Operating Cash Flow Growth	12.76%	48.53%	14.11%	-42.60%	-46.18%	16.54%	-1.70%	6.80%	33.36%	-5.35%
Free Cash Flow Firm Growth	113.35%	-24.35%	-19.19%	47.10%	-8.58%	-53.13%	735.90%	-151.31%	180.83%	-72.46%
Invested Capital Growth	-4.08%	3.58%	-0.72%	-6.68%	-4.98%	9.01%	0.01%	19.07%	10.24%	14.56%
Revenue Q/Q Growth	0.86%	1.60%	4.58%	5.12%	-15.16%	0.14%	2.30%	1.45%	0.94%	-0.37%
EBITDA Q/Q Growth	-11.24%	-19.26%	8.20%	35.26%	-42.78%	0.58%	1.43%	2.22%	2.20%	1.34%
EBIT Q/Q Growth	-17.22%	-30.98%	17.95%	617.86%	-89.31%	0.38%	0.71%	1.80%	1.52%	1.25%
NOPAT Q/Q Growth	-17.71%	9.96%	12.20%	544.70%	-94.60%	2.58%	-7.00%	11.96%	2.11%	1.36%
Net Income Q/Q Growth	22.20%	-34.31%	16.73%	172.52%	-74.50%	2.37%	-7.37%	11.20%	2.29%	0.42%
EPS Q/Q Growth	21.37%	-34.39%	17.32%	173.08%	-74.15%	2.88%	-6.04%	11.55%	3.11%	0.83%
Operating Cash Flow Q/Q Growth	1.26%	19.69%	20.29%	-11.55%	-28.72%	16.85%	5.72%	1.32%	-5.22%	3.61%
Free Cash Flow Firm Q/Q Growth	62.32%	690.09%	-36.45%	5.22%	-47.79%	-2.80%	124.23%	-224.81%	-30.77%	31.61%
Invested Capital Q/Q Growth	-8.58%	-2.99%	0.80%	-3.90%	-4.57%	-2.21%	-2.95%	5.92%	0.27%	-2.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.69%	24.21%	22.63%	18.88%	15.95%	27.19%	26.53%	27.96%	28.17%	28.63%
EBITDA Margin	16.32%	15.04%	19.83%	15.20%	10.40%	24.10%	22.65%	23.10%	22.69%	22.02%
Operating Margin	9.78%	12.03%	11.10%	3.91%	0.94%	18.05%	16.96%	17.77%	17.97%	17.86%
EBIT Margin	9.78%	8.03%	11.79%	4.55%	0.94%	18.05%	16.96%	17.77%	17.95%	17.86%
Profit (Net Income) Margin	6.94%	5.91%	8.01%	1.22%	2.11%	13.02%	12.64%	14.39%	12.46%	12.74%
Tax Burden Percent	85.28%	96.35%	84.31%	73.18%	-114.44%	80.75%	82.94%	87.87%	73.99%	74.54%
Interest Burden Percent	83.23%	76.34%	80.54%	36.48%	-196.45%	89.30%	89.84%	92.18%	93.86%	95.73%
Effective Tax Rate	14.72%	11.03%	21.09%	26.82%	0.00%	20.23%	18.74%	13.15%	26.75%	26.08%
Return on Invested Capital (ROIC)	7.42%	8.92%	6.53%	1.72%	0.42%	14.77%	13.73%	15.06%	14.99%	15.67%
ROIC Less NNEP Spread (ROIC-NNEP)	2.27%	-7.88%	4.53%	-1.38%	2.97%	11.20%	10.55%	11.92%	12.44%	13.56%
Return on Net Nonoperating Assets (RNNOA)	0.73%	-2.46%	1.78%	-0.65%	1.72%	7.38%	5.91%	5.67%	5.62%	4.69%
Return on Equity (ROE)	8.14%	6.46%	8.31%	1.07%	2.14%	22.15%	19.64%	20.73%	20.61%	20.36%
Cash Return on Invested Capital (CROIC)	11.58%	5.41%	7.26%	8.64%	5.53%	6.15%	13.72%	-2.35%	5.25%	2.10%
Operating Return on Assets (OROA)	6.59%	4.99%	6.58%	2.10%	0.47%	14.29%	13.25%	13.53%	15.68%	15.74%
Return on Assets (ROA)	4.68%	3.67%	4.47%	0.56%	1.05%	10.30%	9.87%	10.96%	10.89%	11.23%
Return on Common Equity (ROCE)	8.14%	6.46%	8.31%	1.07%	2.14%	22.15%	19.64%	20.73%	20.61%	20.36%
Return on Equity Simple (ROE_SIMPLE)	8.65%	6.16%	8.13%	1.08%	2.10%	21.20%	20.92%	19.00%	20.07%	20.11%
Net Operating Profit after Tax (NOPAT)	159	192	138	38	9.87	339	302	304	264	246
NOPAT Margin	8.34%	10.71%	8.76%	2.86%	0.66%	14.40%	13.78%	15.43%	13.16%	13.20%
Net Nonoperating Expense Percent (NNEP)	5.14%	16.80%	2.00%	3.11%	-2.55%	3.57%	3.17%	3.15%	2.55%	2.11%
Return On Investment Capital (ROIC_SIMPLE)	7.12%	7.93%	6.07%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	75.31%	75.79%	77.37%	81.12%	84.05%	72.81%	73.47%	72.04%	71.83%	71.37%
SG&A Expenses to Revenue	9.28%	9.16%	9.38%	10.19%	8.06%	6.74%	6.67%	7.69%	7.86%	8.39%
R&D to Revenue	3.00%	2.95%	2.90%	3.40%	3.10%	2.40%	2.55%	2.50%	2.34%	2.38%
Operating Expenses to Revenue	14.91%	12.18%	11.53%	14.97%	15.02%	9.14%	9.57%	10.20%	10.20%	10.77%
Earnings before Interest and Taxes (EBIT)	186	144	186	60	14	425	371	351	360	332
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	311	269	313	201	156	568	496	456	455	410
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.41	3.64	3.17	2.89	2.64	4.25	3.74	3.65	3.71	3.61
Price to Tangible Book Value (P/TBV)	4.03	4.26	3.79	3.52	3.24	5.27	4.19	4.05	3.93	3.80
Price to Revenue (P/Rev)	2.73	3.49	3.12	3.24	2.65	2.61	2.26	2.77	2.30	2.29
Price to Earnings (P/E)	39.40	59.10	38.95	266.53	125.82	20.04	17.87	19.22	18.47	17.94
Dividend Yield	0.96%	0.68%	0.69%	0.00%	1.39%	0.89%	0.99%	0.79%	0.88%	0.91%
Earnings Yield	2.54%	1.69%	2.57%	0.38%	0.79%	4.99%	5.60%	5.20%	5.42%	5.57%
Enterprise Value to Invested Capital (EV/IC)	2.76	3.07	2.60	2.33	2.09	2.96	2.65	2.80	2.83	2.84
Enterprise Value to Revenue (EV/Rev)	3.03	3.75	3.48	3.73	3.17	3.01	2.66	3.12	2.60	2.55
Enterprise Value to EBITDA (EV/EBITDA)	18.60	24.95	17.53	24.54	30.52	12.49	11.73	13.52	11.47	11.59
Enterprise Value to EBIT (EV/EBIT)	31.03	46.73	29.48	81.96	338.07	16.68	15.67	17.57	14.49	14.29
Enterprise Value to NOPAT (EV/NOPAT)	36.38	35.05	39.67	130.37	482.96	20.91	19.29	20.23	19.76	19.33
Enterprise Value to Operating Cash Flow (EV/OCF)	19.92	26.12	31.68	32.58	18.04	14.45	13.81	14.37	12.99	15.78
Enterprise Value to Free Cash Flow (EV/FCFF)	23.30	57.81	35.71	26.01	36.90	50.21	19.30	0.00	56.43	144.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.41	0.47	0.55	0.61	0.73	0.72	0.54	0.55	0.49
Long-Term Debt to Equity	0.46	0.41	0.47	0.55	0.61	0.73	0.72	0.54	0.55	0.49
Financial Leverage	0.32	0.31	0.39	0.47	0.58	0.66	0.56	0.48	0.45	0.35
Leverage Ratio	1.74	1.76	1.86	1.92	2.05	2.15	1.99	1.89	1.89	1.81
Compound Leverage Factor	1.45	1.34	1.50	0.70	-4.02	1.92	1.79	1.74	1.78	1.74
Debt to Total Capital	31.44%	28.95%	31.76%	35.66%	38.02%	42.30%	41.99%	35.14%	35.62%	32.83%
Short-Term Debt to Total Capital	0.00%	0.00%	0.01%	0.04%	0.04%	0.38%	0.41%	0.19%	0.22%	0.00%
Long-Term Debt to Total Capital	31.44%	28.95%	31.76%	35.62%	37.98%	41.92%	41.57%	34.95%	35.40%	32.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.56%	71.05%	68.24%	64.34%	61.98%	57.70%	58.01%	64.86%	64.38%	67.17%
Debt to EBITDA	2.26	2.60	2.31	4.09	5.93	1.87	1.93	1.78	1.51	1.41
Net Debt to EBITDA	1.84	1.74	1.80	3.23	4.98	1.67	1.77	1.54	1.32	1.21
Long-Term Debt to EBITDA	2.26	2.60	2.31	4.08	5.93	1.85	1.91	1.77	1.51	1.41
Debt to NOPAT	4.42	3.65	5.23	21.72	93.86	3.13	3.17	2.66	2.61	2.35
Net Debt to NOPAT	3.59	2.44	4.08	17.17	78.87	2.80	2.90	2.31	2.28	2.01
Long-Term Debt to NOPAT	4.41	3.65	5.23	21.69	93.77	3.10	3.14	2.65	2.59	2.35
Altman Z-Score	4.88	5.16	4.28	3.63	3.33	4.43	4.19	4.60	4.62	4.74
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.21	2.74	2.23	2.49	2.93	2.19	2.07	2.51	2.23	2.17
Quick Ratio	0.95	1.46	1.01	1.16	1.25	0.91	0.90	1.18	1.03	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	248	116	154	190	129	141	301	-47	92	33
Operating Cash Flow to CapEx	333.22%	237.62%	226.87%	543.73%	522.33%	240.62%	228.90%	154.15%	122.42%	98.59%
Free Cash Flow to Firm to Interest Expense	7.94	3.42	4.24	4.96	3.09	3.11	8.00	-1.73	4.18	2.32
Operating Cash Flow to Interest Expense	9.29	7.56	4.78	3.96	6.32	10.79	11.18	15.65	18.16	21.20
Operating Cash Flow Less CapEx to Interest Expense	6.50	4.38	2.67	3.23	5.11	6.31	6.29	5.50	3.33	-0.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.62	0.56	0.46	0.50	0.79	0.78	0.76	0.87	0.88
Accounts Receivable Turnover	8.52	7.82	8.24	9.27	8.51	9.64	8.59	7.98	8.36	7.96
Inventory Turnover	4.15	4.15	4.32	4.68	4.62	5.44	5.26	4.70	4.81	4.45
Fixed Asset Turnover	1.16	1.07	0.93	0.73	0.79	1.23	1.17	1.13	1.31	1.40
Accounts Payable Turnover	9.51	8.62	9.09	11.73	11.10	10.74	10.51	10.10	10.06	8.20
Days Sales Outstanding (DSO)	42.84	46.66	44.30	39.36	42.88	37.84	42.48	45.72	43.67	45.84
Days Inventory Outstanding (DIO)	87.94	87.99	84.48	77.99	79.00	67.12	69.42	77.67	75.83	82.06
Days Payable Outstanding (DPO)	38.38	42.35	40.18	31.11	32.90	33.99	34.72	36.13	36.28	44.50
Cash Conversion Cycle (CCC)	92.40	92.31	88.61	86.23	88.99	70.98	77.18	87.26	83.22	83.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,095	2,184	2,109	2,124	2,276	2,395	2,197	2,197	1,845	1,674
Invested Capital Turnover	0.89	0.83	0.75	0.60	0.64	1.03	1.00	0.98	1.14	1.19
Increase / (Decrease) in Invested Capital	-89	75	-15	-152	-119	198	0.20	352	171	213
Enterprise Value (EV)	5,774	6,715	5,484	4,942	4,767	7,094	5,818	6,161	5,213	4,750
Market Capitalization	5,204	6,247	4,920	4,291	3,988	6,145	4,943	5,458	4,613	4,255
Book Value per Share	$0.00	$20.41	$18.46	$17.71	$18.08	$17.14	$15.36	$16.64	$13.57	$12.48
Tangible Book Value per Share	$0.00	$17.42	$15.42	$14.52	$14.75	$13.82	$13.70	$14.99	$12.78	$11.86
Total Capital	2,229	2,416	2,278	2,309	2,437	2,506	2,279	2,305	1,934	1,756
Total Debt	701	700	724	823	926	1,060	957	810	689	577
Total Long-Term Debt	701	699	723	822	926	1,051	947	806	684	577
Net Debt	570	468	564	651	778	949	875	702	600	494
Capital Expenditures (CapEx)	87	108	76	28	51	204	184	278	328	305
Debt-free, Cash-free Net Working Capital (DFCFNWC)	303	321	293	242	250	327	326	339	304	289
Debt-free Net Working Capital (DFNWC)	428	548	405	370	354	392	359	399	339	341
Net Working Capital (NWC)	428	548	405	369	353	382	349	395	335	341
Net Nonoperating Expense (NNE)	27	86	12	22	-22	33	25	20	14	8.50
Net Nonoperating Obligations (NNO)	567	468	554	638	766	949	875	702	600	494
Total Depreciation and Amortization (D&A)	124	125	127	141	142	143	125	105	95	78
Debt-free, Cash-free Net Working Capital to Revenue	15.91%	17.97%	18.56%	18.26%	16.67%	13.90%	14.88%	17.17%	15.18%	15.55%
Debt-free Net Working Capital to Revenue	22.50%	30.65%	25.66%	27.90%	23.54%	16.63%	16.38%	20.21%	16.93%	18.33%
Net Working Capital to Revenue	22.49%	30.65%	25.64%	27.83%	23.48%	16.23%	15.95%	20.00%	16.72%	18.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.61	$1.25	$1.50	$0.19	$0.00	$3.61	$3.15	$3.13	$2.69	$2.48
Adjusted Weighted Average Basic Shares Outstanding	82.30M	84.60M	84.40M	84.10M	83.80M	84.90M	87.90M	90.60M	92.80M	95.80M
Adjusted Diluted Earnings per Share	$1.59	$1.24	$1.49	$0.19	$0.00	$3.57	$3.11	$3.09	$2.65	$2.44
Adjusted Weighted Average Diluted Shares Outstanding	83M	85.50M	85M	84.60M	84M	85.80M	89M	91.90M	94.20M	97.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	81.13M	84.39M	84.28M	83.99M	83.65M	83.34M	84.79M	89.84M	91.51M	93.29M
Normalized Net Operating Profit after Tax (NOPAT)	159	192	138	38	9.87	339	302	304	264	246
Normalized NOPAT Margin	8.34%	10.71%	8.76%	2.86%	0.66%	14.40%	13.78%	15.43%	13.16%	13.20%
Pre Tax Income Margin	8.14%	6.13%	9.49%	1.66%	-1.84%	16.12%	15.23%	16.38%	16.84%	17.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.96	4.23	5.14	1.57	0.34	9.35	9.85	12.80	16.28	23.41
NOPAT to Interest Expense	5.09	5.63	3.82	0.99	0.24	7.45	8.00	11.11	11.94	17.30
EBIT Less CapEx to Interest Expense	3.18	1.04	3.03	0.85	-0.87	4.86	4.96	2.65	1.44	1.91
NOPAT Less CapEx to Interest Expense	2.30	2.45	1.71	0.26	-0.97	2.97	3.12	0.96	-2.90	-4.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.32%	39.92%	26.68%	0.00%	44.80%	17.68%	17.50%	15.00%	15.93%	16.15%
Augmented Payout Ratio	228.24%	68.40%	26.68%	0.00%	122.40%	64.32%	146.82%	67.92%	60.41%	77.74%

This table displays calculated financial ratios and metrics derived from Hexcel's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.35%	3.56%	8.82%	10.15%	3.19%	6.54%	15.03%	15.60%	17.18%	19.18%	9.26%
EBITDA Growth	-12.38%	-49.56%	11.17%	11.12%	-10.26%	10.29%	4.44%	-3.44%	49.52%	21.86%	26.09%
EBIT Growth	-17.20%	-81.30%	20.41%	17.13%	-15.76%	17.53%	6.86%	-4.37%	108.64%	76.09%	78.95%
NOPAT Growth	-14.73%	93.65%	6.83%	17.98%	-15.15%	-0.03%	38.59%	-2.75%	109.90%	79.53%	128.18%
Net Income Growth	-20.82%	131.87%	2.84%	17.65%	-14.52%	-149.19%	44.40%	-4.92%	139.89%	95.77%	197.78%
EPS Growth	-18.60%	133.33%	8.89%	20.00%	-14.00%	-147.73%	45.16%	-5.66%	138.10%	100.00%	181.82%
Operating Cash Flow Growth	-307.14%	2.26%	32.50%	-17.38%	70.09%	36.25%	78.48%	43.43%	-23.16%	33.37%	50.59%
Free Cash Flow Firm Growth	692.86%	465.08%	106.34%	152.63%	3,457.01%	-186.53%	-176.46%	-165.33%	-100.24%	-71.51%	-20.28%
Invested Capital Growth	-1.49%	-4.08%	1.79%	0.19%	1.48%	3.58%	7.63%	6.86%	2.27%	-0.72%	-5.36%
Revenue Q/Q Growth	-3.65%	3.79%	-8.77%	5.95%	3.24%	9.06%	-7.66%	-0.74%	6.59%	17.74%	-7.20%
EBITDA Q/Q Growth	84.00%	-52.15%	-18.76%	22.50%	5.93%	5.45%	-18.79%	-1.07%	30.18%	-0.14%	-24.92%
EBIT Q/Q Growth	392.13%	-83.05%	-26.88%	35.73%	11.13%	9.17%	-28.87%	-2.39%	55.06%	-0.74%	-36.35%
NOPAT Q/Q Growth	-45.01%	35.87%	-15.74%	35.43%	24.89%	-25.04%	-6.94%	-2.59%	47.14%	3.91%	-34.70%
Net Income Q/Q Growth	398.28%	-85.43%	-20.40%	36.99%	300.55%	-147.03%	-8.94%	-0.47%	15.41%	38.06%	-40.04%
EPS Q/Q Growth	400.00%	-85.71%	-18.33%	39.53%	304.76%	-146.67%	-10.00%	0.00%	13.64%	41.94%	-41.51%
Operating Cash Flow Q/Q Growth	-117.53%	80.47%	103.85%	731.43%	-104.40%	133.82%	27.10%	328.63%	-120.05%	206.30%	2.14%
Free Cash Flow Firm Q/Q Growth	-55.03%	2,007.73%	-85.97%	496.32%	120.71%	63.42%	-16.53%	-37,939.10%	-100.53%	-67.68%	-0.43%
Invested Capital Q/Q Growth	6.08%	-8.58%	0.25%	1.33%	3.29%	-2.99%	-1.32%	2.63%	5.43%	0.80%	-2.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.43%	25.01%	23.33%	25.30%	25.03%	22.54%	21.84%	24.39%	27.90%	23.08%	22.43%
EBITDA Margin	16.12%	8.44%	18.31%	20.56%	17.79%	17.33%	17.93%	20.38%	20.45%	16.74%	19.74%
Operating Margin	9.68%	1.88%	11.50%	14.35%	11.20%	10.40%	10.39%	13.49%	13.72%	9.43%	11.19%
EBIT Margin	9.59%	1.88%	11.50%	14.35%	11.20%	10.40%	10.39%	13.49%	13.72%	9.43%	11.19%
Profit (Net Income) Margin	6.33%	1.22%	8.72%	9.99%	7.73%	-3.98%	9.23%	9.36%	9.33%	8.62%	7.35%
Tax Burden Percent	80.28%	725.00%	90.45%	78.49%	78.66%	57.59%	108.10%	81.57%	79.96%	88.52%	84.28%
Interest Burden Percent	82.19%	8.99%	83.81%	88.72%	87.71%	-66.39%	82.11%	84.99%	85.03%	103.21%	77.94%
Effective Tax Rate	19.72%	-625.00%	9.55%	21.51%	21.34%	0.00%	-1.96%	22.07%	21.91%	17.70%	21.38%
Return on Invested Capital (ROIC)	6.55%	12.11%	8.64%	9.12%	7.10%	6.07%	8.59%	8.12%	8.02%	5.79%	6.17%
ROIC Less NNEP Spread (ROIC-NNEP)	5.55%	0.76%	7.46%	8.17%	6.26%	-4.01%	7.67%	7.29%	7.03%	6.40%	5.39%
Return on Net Nonoperating Assets (RNNOA)	2.30%	0.24%	3.02%	3.35%	2.36%	-1.25%	3.11%	2.94%	2.91%	2.51%	2.50%
Return on Equity (ROE)	8.85%	12.36%	11.66%	12.48%	9.45%	4.82%	11.70%	11.07%	10.93%	8.30%	8.67%
Cash Return on Invested Capital (CROIC)	8.33%	11.58%	6.72%	8.23%	6.78%	5.41%	0.68%	0.73%	5.21%	7.26%	11.23%
Operating Return on Assets (OROA)	6.47%	1.27%	7.60%	9.23%	7.05%	6.47%	6.51%	8.02%	7.84%	5.26%	5.98%
Return on Assets (ROA)	4.27%	0.83%	5.76%	6.43%	4.87%	-2.47%	5.78%	5.56%	5.33%	4.81%	3.93%
Return on Common Equity (ROCE)	8.85%	12.36%	11.66%	12.48%	9.45%	4.82%	11.70%	11.07%	10.93%	8.30%	8.67%
Return on Equity Simple (ROE_SIMPLE)	8.12%	0.00%	6.80%	6.81%	6.10%	0.00%	9.77%	8.94%	9.32%	0.00%	7.49%
Net Operating Profit after Tax (NOPAT)	35	65	47	56	42	33	44	48	49	33	32
NOPAT Margin	7.77%	13.62%	10.40%	11.26%	8.81%	7.28%	10.60%	10.51%	10.71%	7.76%	8.80%
Net Nonoperating Expense Percent (NNEP)	1.00%	11.35%	1.18%	0.96%	0.84%	10.08%	0.92%	0.83%	0.99%	-0.62%	0.77%
Return On Investment Capital (ROIC_SIMPLE)	1.53%	2.90%	-	-	-	1.38%	-	-	-	1.46%	-
Cost of Revenue to Revenue	77.57%	74.99%	76.67%	74.70%	74.97%	77.46%	78.16%	75.61%	72.10%	76.92%	77.57%
SG&A Expenses to Revenue	9.49%	10.11%	8.72%	7.97%	10.37%	9.16%	8.44%	7.86%	11.10%	9.50%	7.95%
R&D to Revenue	3.02%	2.85%	3.02%	2.94%	3.20%	2.64%	3.19%	2.93%	3.04%	2.79%	3.18%
Operating Expenses to Revenue	12.75%	23.13%	11.83%	10.95%	13.83%	12.13%	11.44%	10.90%	14.18%	13.65%	11.24%
Earnings before Interest and Taxes (EBIT)	44	8.90	53	72	53	48	44	61	63	41	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	74	40	84	103	84	79	75	93	94	72	72
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.92	3.41	3.19	3.30	3.77	3.64	3.36	3.86	3.55	3.17	3.00
Price to Tangible Book Value (P/TBV)	3.46	4.03	3.78	3.91	4.45	4.26	3.96	4.56	4.22	3.79	3.63
Price to Revenue (P/Rev)	2.37	2.73	2.69	2.80	3.41	3.49	3.14	3.77	3.50	3.12	2.87
Price to Earnings (P/E)	35.93	39.40	46.96	48.45	61.80	59.10	34.35	43.21	38.12	38.95	51.57
Dividend Yield	1.13%	0.96%	0.93%	0.88%	0.72%	0.68%	0.74%	0.60%	0.63%	0.69%	0.59%
Earnings Yield	2.78%	2.54%	2.13%	2.06%	1.62%	1.69%	2.91%	2.31%	2.62%	2.57%	1.94%
Enterprise Value to Invested Capital (EV/IC)	2.33	2.76	2.52	2.58	3.00	3.07	2.72	3.10	2.87	2.60	2.39
Enterprise Value to Revenue (EV/Rev)	2.74	3.03	3.06	3.19	3.76	3.75	3.48	4.14	3.88	3.48	3.31
Enterprise Value to EBITDA (EV/EBITDA)	17.22	18.60	16.52	17.28	20.46	24.95	18.40	21.40	19.14	17.53	17.26
Enterprise Value to EBIT (EV/EBIT)	29.19	31.03	25.70	27.32	32.98	46.73	29.46	34.39	30.66	29.48	31.65
Enterprise Value to NOPAT (EV/NOPAT)	33.80	36.38	29.96	30.67	36.65	35.05	35.20	43.47	38.90	39.67	40.51
Enterprise Value to Operating Cash Flow (EV/OCF)	19.25	19.92	20.18	22.33	24.76	26.12	28.55	38.20	37.79	31.68	34.69
Enterprise Value to Free Cash Flow (EV/FCFF)	27.71	23.30	37.85	31.39	44.59	57.81	417.14	441.26	55.65	35.71	20.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.46	0.51	0.51	0.44	0.41	0.46	0.47	0.47	0.47	0.55
Long-Term Debt to Equity	0.51	0.46	0.51	0.51	0.44	0.41	0.46	0.47	0.47	0.47	0.55
Financial Leverage	0.42	0.32	0.40	0.41	0.38	0.31	0.40	0.40	0.41	0.39	0.46
Leverage Ratio	1.77	1.74	1.76	1.78	1.76	1.76	1.82	1.82	1.85	1.86	1.92
Compound Leverage Factor	1.45	0.16	1.48	1.58	1.54	-1.17	1.49	1.55	1.58	1.92	1.50
Debt to Total Capital	33.93%	31.44%	33.62%	33.60%	30.45%	28.95%	31.42%	31.86%	32.15%	31.76%	35.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%
Long-Term Debt to Total Capital	33.93%	31.44%	33.62%	33.59%	30.45%	28.95%	31.41%	31.86%	32.14%	31.76%	35.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.07%	68.56%	66.38%	66.40%	69.55%	71.05%	68.58%	68.14%	67.85%	68.24%	64.44%
Debt to EBITDA	2.62	2.26	2.30	2.33	2.16	2.60	2.26	2.36	2.31	2.31	2.76
Net Debt to EBITDA	2.31	1.84	2.01	2.09	1.88	1.74	1.82	1.89	1.83	1.80	2.28
Long-Term Debt to EBITDA	2.62	2.26	2.30	2.33	2.16	2.60	2.26	2.36	2.31	2.31	2.76
Debt to NOPAT	5.15	4.42	4.17	4.13	3.87	3.65	4.33	4.79	4.69	5.23	6.47
Net Debt to NOPAT	4.53	3.59	3.64	3.72	3.38	2.44	3.47	3.84	3.72	4.08	5.35
Long-Term Debt to NOPAT	5.15	4.41	4.17	4.13	3.87	3.65	4.33	4.79	4.69	5.23	6.47
Altman Z-Score	4.24	4.66	4.44	4.54	5.11	5.05	4.73	4.99	4.57	4.11	3.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.59	2.21	2.76	2.75	2.74	2.74	3.03	2.93	2.78	2.23	2.42
Quick Ratio	1.10	0.95	1.19	1.22	1.24	1.46	1.32	1.31	1.28	1.01	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	69	154	7.29	52	8.71	-42	-115	-99	-0.26	49	150
Operating Cash Flow to CapEx	-109.20%	874.19%	536.31%	193.01%	-24.39%	1,152.17%	346.94%	94.36%	-129.28%	648.33%	186.76%
Free Cash Flow to Firm to Interest Expense	8.86	18.97	0.86	6.41	1.34	-5.54	-14.75	-10.73	-0.03	5.29	16.72
Operating Cash Flow to Interest Expense	-3.65	20.07	10.60	5.46	-1.08	20.92	8.72	5.82	-2.49	12.68	4.23
Operating Cash Flow Less CapEx to Interest Expense	-7.00	17.78	8.62	2.63	-5.49	19.11	6.21	-0.35	-4.41	10.73	1.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.67	0.66	0.64	0.63	0.62	0.63	0.59	0.57	0.56	0.53
Accounts Receivable Turnover	7.13	8.52	7.62	6.85	6.73	7.82	8.01	6.94	6.89	8.24	7.95
Inventory Turnover	3.90	4.15	3.94	3.96	3.90	4.15	4.07	4.07	4.02	4.32	4.32
Fixed Asset Turnover	1.16	1.16	1.14	1.11	1.09	1.07	1.07	1.02	0.98	0.93	0.89
Accounts Payable Turnover	11.66	9.51	12.90	11.64	11.03	8.62	12.62	11.65	10.63	9.09	11.62
Days Sales Outstanding (DSO)	51.21	42.84	47.92	53.32	54.27	46.66	45.55	52.58	52.97	44.30	45.89
Days Inventory Outstanding (DIO)	93.63	87.94	92.61	92.19	93.69	87.99	89.61	89.70	90.83	84.48	84.58
Days Payable Outstanding (DPO)	31.30	38.38	28.29	31.36	33.08	42.35	28.92	31.33	34.33	40.18	31.40
Cash Conversion Cycle (CCC)	113.55	92.40	112.24	114.16	114.88	92.31	106.25	110.94	109.48	88.61	99.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,222	2,095	2,292	2,286	2,256	2,184	2,251	2,281	2,223	2,109	2,092
Invested Capital Turnover	0.84	0.89	0.83	0.81	0.81	0.83	0.81	0.77	0.75	0.75	0.70
Increase / (Decrease) in Invested Capital	-34	-89	40	4.40	33	75	160	147	49	-15	-118
Enterprise Value (EV)	5,167	5,774	5,778	5,898	6,773	6,715	6,133	7,064	6,375	5,484	4,991
Market Capitalization	4,474	5,204	5,076	5,184	6,149	6,247	5,528	6,439	5,764	4,920	4,332
Book Value per Share	$18.89	$0.00	$0.00	$18.90	$19.45	$20.41	$19.49	$19.75	$19.25	$18.46	$17.18
Tangible Book Value per Share	$15.93	$0.00	$0.00	$15.93	$16.49	$17.42	$16.52	$16.73	$16.22	$15.42	$14.17
Total Capital	2,320	2,229	2,395	2,366	2,347	2,416	2,401	2,445	2,391	2,278	2,242
Total Debt	787	701	805	795	715	700	754	779	769	724	797
Total Long-Term Debt	787	701	805	795	715	699	754	779	769	723	797
Net Debt	693	570	702	715	624	468	605	625	610	564	659
Capital Expenditures (CapEx)	26	19	17	23	29	14	20	57	18	18	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	416	303	430	439	415	321	415	430	412	293	311
Debt-free Net Working Capital (DFNWC)	505	428	528	514	501	548	513	534	518	405	402
Net Working Capital (NWC)	505	428	528	514	501	548	513	534	518	405	402
Net Nonoperating Expense (NNE)	6.58	59	7.69	6.36	5.11	52	5.75	5.27	6.34	-3.67	5.28
Net Nonoperating Obligations (NNO)	690	567	702	715	624	468	605	615	601	554	647
Total Depreciation and Amortization (D&A)	30	31	31	31	31	32	32	31	31	31	31
Debt-free, Cash-free Net Working Capital to Revenue	22.04%	15.91%	22.79%	23.71%	23.03%	17.97%	23.56%	25.20%	25.07%	18.56%	20.61%
Debt-free Net Working Capital to Revenue	26.76%	22.50%	27.99%	27.79%	27.79%	30.65%	29.11%	31.31%	31.49%	25.66%	26.63%
Net Working Capital to Revenue	26.76%	22.49%	27.99%	27.78%	27.78%	30.65%	29.10%	31.30%	31.48%	25.64%	26.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.36	$0.07	$0.49	$0.61	$0.44	($0.21)	$0.46	$0.50	$0.50	$0.44	$0.32
Adjusted Weighted Average Basic Shares Outstanding	81.10M	82.30M	81.50M	82.50M	83.90M	84.60M	84.60M	84.70M	84.60M	84.40M	84.40M
Adjusted Diluted Earnings per Share	$0.35	$0.07	$0.49	$0.60	$0.43	($0.21)	$0.45	$0.50	$0.50	$0.44	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	81.70M	83M	82.10M	83.20M	84.80M	85.50M	85.60M	85.60M	85.50M	85M	85.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.41M	81.13M	81.00T	81.75T	83.11M	84.39M	84.11M	84.47M	84.37M	84.28M	84.17M
Normalized Net Operating Profit after Tax (NOPAT)	35	6.23	47	56	42	33	31	48	49	33	32
Normalized NOPAT Margin	7.77%	1.31%	10.40%	11.26%	8.81%	7.28%	7.28%	10.51%	10.71%	7.76%	8.80%
Pre Tax Income Margin	7.89%	0.17%	9.64%	12.73%	9.82%	-6.91%	8.53%	11.47%	11.67%	9.73%	8.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.62	1.10	6.18	8.86	8.14	6.26	5.59	6.66	6.68	4.40	4.53
NOPAT to Interest Expense	4.55	7.97	5.59	6.96	6.40	4.38	5.70	5.19	5.22	3.62	3.56
EBIT Less CapEx to Interest Expense	2.27	-1.20	4.20	6.04	3.72	4.45	3.08	0.50	4.76	2.45	2.27
NOPAT Less CapEx to Interest Expense	1.20	5.67	3.61	4.13	1.99	2.57	3.19	-0.97	3.29	1.67	1.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	40.56%	37.32%	44.13%	43.08%	44.52%	39.92%	24.92%	25.50%	23.61%	26.68%	23.38%
Augmented Payout Ratio	202.73%	228.24%	277.43%	43.08%	175.98%	68.40%	43.63%	25.50%	23.61%	26.68%	23.38%

Frequently Asked Questions About Hexcel's Financials

When does Hexcel's fiscal year end?

According to the most recent income statement we have on file, Hexcel's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Hexcel's net income changed over the last 9 years?

Hexcel's net income appears to be on a downward trend, with a most recent value of $132.10 million in 2024, falling from $237.20 million in 2015. The previous period was $105.70 million in 2023. Check out Hexcel's forecast to explore projected trends and price targets.

What is Hexcel's operating income?

Hexcel's total operating income in 2024 was $186.10 million, based on the following breakdown:

Total Gross Profit: $469.80 million
Total Operating Expenses: $283.70 million

How has Hexcel revenue changed over the last 9 years?

Over the last 9 years, Hexcel's total revenue changed from $1.86 billion in 2015 to $1.90 billion in 2024, a change of 2.2%.

How much debt does Hexcel have?

Hexcel's total liabilities were at $1.20 billion at the end of 2024, a 0.4% decrease from 2023, and a 18.8% increase since 2015.

How much cash does Hexcel have?

In the past 9 years, Hexcel's cash and equivalents has ranged from $32.70 million in 2018 to $227 million in 2023, and is currently $125.40 million as of their latest financial filing in 2024.

How has Hexcel's book value per share changed over the last 9 years?

Over the last 9 years, Hexcel's book value per share changed from 12.48 in 2015 to 0.00 in 2024, a change of -100.0%.

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This page (NYSE:HXL) was last updated on 5/25/2025 by MarketBeat.com Staff

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Hexcel (HXL) Financials

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Hexcel (HXL) Financials

Annual Income Statements for Hexcel

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