Hexcel (HXL) Financials

$50.10 +0.45 (+0.90%)

Closing price 03:59 PM Eastern

Extended Trading

$50.00 -0.10 (-0.20%)

As of 04:06 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	237	250	284	277	307	32	16	126	106	132
Consolidated Net Income / (Loss)	237	250	284	277	307	32	16	126	106	132
Net Income / (Loss) Continuing Operations	237	250	284	277	307	32	16	126	106	132
Total Pre-Tax Income	318	338	323	334	380	-28	22	150	110	155
Total Operating Income	332	360	351	371	425	14	52	175	215	186
Total Gross Profit	533	565	552	581	640	240	250	357	433	470
Total Revenue	1,861	2,004	1,973	2,189	2,356	1,502	1,325	1,578	1,789	1,903
Operating Revenue	1,861	2,004	1,973	2,189	2,356	1,502	1,325	1,578	1,789	1,903
Total Cost of Revenue	1,328	1,440	1,422	1,608	1,715	1,263	1,075	1,221	1,356	1,433
Operating Cost of Revenue	1,328	1,440	1,422	1,608	1,715	1,263	1,075	1,221	1,356	1,433
Total Operating Expenses	200	205	201	210	215	226	198	182	218	284
Selling, General & Admin Expense	156	158	152	146	159	121	135	148	164	177
Research & Development Expense	44	47	49	56	57	47	45	46	53	57
Other Operating Expenses / (Income)	-	-	-	7.70	0.00	58	18	-12	1.40	50
Total Other Income / (Expense), net	-14	-23	-27	-38	-46	-42	-30	-25	-106	-31
Interest Expense	14	22	27	38	46	42	38	36	34	31
Other Income / (Expense), net	-	-0.40	-	-	-	0.00	8.50	11	-72	0.00
Income Tax Expense	83	90	43	63	77	-61	5.90	32	12	23
Other Gains / (Losses), net	2.00	2.50	3.30	5.60	3.70	-1.60	0.00	8.10	8.10	0.00
Basic Earnings per Share	$2.48	$2.69	$3.13	$3.15	$3.61	$0.38	$0.19	$1.50	$1.25	$1.61
Weighted Average Basic Shares Outstanding	95.80M	92.80M	90.60M	87.90M	84.90M	83.80M	84.10M	84.40M	84.60M	82.30M
Diluted Earnings per Share	$2.44	$2.65	$3.09	$3.11	$3.57	$0.38	$0.19	$1.49	$1.24	$1.59
Weighted Average Diluted Shares Outstanding	97.20M	94.20M	91.90M	89M	85.80M	84M	84.60M	85M	85.50M	83M
Weighted Average Basic & Diluted Shares Outstanding	93.29M	91.51M	89.84M	84.79M	83.34M	83.65M	83.99M	84.28M	84.39M	81.13M
Cash Dividends to Common per Share	$0.40	$0.44	$0.47	$0.55	$0.64	$0.17	-	$0.40	$0.50	$0.60

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

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

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

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

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

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

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

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

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

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

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. View Hexcel's forecast to see where analysts expect Hexcel to go next.

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 5/5/2025 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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