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Hexcel (HXL) Financials

Hexcel logo
$52.23 -0.53 (-1.01%)
Closing price 03:59 PM Eastern
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$56.64 +4.42 (+8.46%)
As of 07:08 PM Eastern
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Annual Income Statements for Hexcel

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
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

Quarterly Income Statements for Hexcel

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
Net Income / (Loss) Attributable to Common Shareholders
27 37 43 43 39 -18 37 50 40 5.80
Consolidated Net Income / (Loss)
27 37 43 43 39 -18 37 50 40 5.80
Net Income / (Loss) Continuing Operations
27 37 43 43 39 -18 37 50 40 5.80
Total Pre-Tax Income
32 42 53 52 36 -32 46 64 44 0.80
Total Operating Income
41 41 63 61 44 48 53 72 53 8.90
Total Gross Profit
82 99 128 111 92 103 118 127 107 119
Total Revenue
365 429 458 454 420 458 472 500 457 474
Operating Revenue
365 429 458 454 420 458 472 500 457 474
Total Cost of Revenue
283 330 330 344 328 354 354 374 350 355
Operating Cost of Revenue
283 330 330 344 328 354 354 374 350 355
Total Operating Expenses
41 59 65 50 48 56 65 55 54 110
Selling, General & Admin Expense
29 41 51 36 35 42 49 40 40 48
Research & Development Expense
12 12 14 13 13 12 15 15 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
Total Other Income / (Expense), net
-9.00 1.30 -9.40 -9.20 -7.80 -79 -6.50 -8.10 -8.50 -8.10
Interest Expense
9.00 9.20 9.40 9.20 7.80 7.60 6.50 8.10 8.50 8.10
Income Tax Expense
6.80 7.40 12 12 -0.70 -10 9.90 14 4.20 -5.00
Basic Earnings per Share
$0.32 $0.44 $0.50 $0.50 $0.46 ($0.21) $0.44 $0.61 $0.49 $0.07
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
Diluted Earnings per Share
$0.31 $0.44 $0.50 $0.50 $0.45 ($0.21) $0.43 $0.60 $0.49 $0.07
Weighted Average Diluted Shares Outstanding
85.10M 85M 85.50M 85.60M 85.60M 85.50M 84.80M 83.20M 82.10M 83M
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

Annual Cash Flow Statements for Hexcel

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
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

Quarterly Cash Flow Statements for Hexcel

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
Net Change in Cash & Equivalents
-8.60 21 -6.30 -1.50 -6.50 129 -141 -11 23 27
Net Cash From Operating Activities
38 117 -23 54 68 159 -7.00 44 90 163
Net Cash From Continuing Operating Activities
38 117 -23 54 68 159 -7.00 44 90 163
Net Income / (Loss) Continuing Operations
27 37 43 43 39 -18 37 50 40 5.80
Consolidated Net Income / (Loss)
27 37 43 43 39 -18 37 50 40 5.80
Depreciation Expense
31 31 31 31 32 32 31 31 31 31
Amortization Expense
0.20 0.10 0.10 0.30 0.10 0.10 0.10 0.10 0.10 0.10
Non-Cash Adjustments To Reconcile Net Income
0.20 9.20 12 -0.60 -0.90 74 14 2.60 2.90 32
Changes in Operating Assets and Liabilities, net
-20 39 -108 -20 -1.40 71 -88 -40 16 94
Net Cash From Investing Activities
-20 -18 -18 -54 -9.30 31 -29 -23 -17 -19
Net Cash From Continuing Investing Activities
-20 -18 -18 -54 -9.30 31 -29 -23 -17 -19
Purchase of Property, Plant & Equipment
-20 -18 -18 -57 -20 -14 -29 -23 -17 -19
Net Cash From Financing Activities
-22 -81 35 -0.80 -64 -63 -104 -32 -52 -114
Net Cash From Continuing Financing Activities
-22 -81 35 -0.80 -64 -63 -104 -32 -52 -114
Repayment of Debt
-15 -89 -20 -90 -25 -55 -0.10 -202 147 -105
Payment of Dividends
-8.50 -8.40 -11 -11 -11 -11 -13 -12 -12 -12
Other Financing Activities, net
1.70 1.20 0.40 2.30 2.00 2.70 -5.90 1.60 1.00 2.80

Annual Balance Sheets for Hexcel

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
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

Quarterly Balance Sheets for Hexcel

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

Annual Metrics and Ratios for Hexcel

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
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%

Quarterly Metrics and Ratios for Hexcel

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
Growth Metrics
- - - - - - - - - -
Revenue Growth
9.26% 19.18% 17.18% 15.60% 15.03% 6.54% 3.19% 10.15% 8.82% 3.56%
EBITDA Growth
26.09% 21.86% 49.52% -3.44% 4.44% 10.29% -10.26% 11.12% 11.17% -49.56%
EBIT Growth
78.95% 76.09% 108.64% -4.37% 6.86% 17.53% -15.76% 17.13% 20.41% -81.30%
NOPAT Growth
128.18% 79.53% 109.90% -2.75% 38.59% -0.03% -15.15% 17.98% 6.83% 93.65%
Net Income Growth
197.78% 95.77% 139.89% -4.92% 44.40% -149.19% -14.52% 17.65% 2.84% 131.87%
EPS Growth
181.82% 100.00% 138.10% -5.66% 45.16% -147.73% -14.00% 20.00% 8.89% 133.33%
Operating Cash Flow Growth
50.59% 33.37% -23.16% 43.43% 78.48% 36.25% 70.09% -17.38% 32.50% 2.26%
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%
Invested Capital Growth
-5.36% -0.72% 2.27% 6.86% 7.63% 3.58% 1.48% 0.19% 1.79% -4.08%
Revenue Q/Q Growth
-7.20% 17.74% 6.59% -0.74% -7.66% 9.06% 3.24% 5.95% -8.77% 3.79%
EBITDA Q/Q Growth
-24.92% -0.14% 30.18% -1.07% -18.79% 5.45% 5.93% 22.50% -18.76% -52.15%
EBIT Q/Q Growth
-36.35% -0.74% 55.06% -2.39% -28.87% 9.17% 11.13% 35.73% -26.88% -83.05%
NOPAT Q/Q Growth
-34.70% 3.91% 47.14% -2.59% -6.94% -25.04% 24.89% 35.43% -15.74% 35.87%
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%
EPS Q/Q Growth
-41.51% 41.94% 13.64% 0.00% -10.00% -146.67% 304.76% 39.53% -18.33% -85.71%
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%
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%
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%
Profitability Metrics
- - - - - - - - - -
Gross Margin
22.43% 23.08% 27.90% 24.39% 21.84% 22.54% 25.03% 25.30% 23.33% 25.01%
EBITDA Margin
19.74% 16.74% 20.45% 20.38% 17.93% 17.33% 17.79% 20.56% 18.31% 8.44%
Operating Margin
11.19% 9.43% 13.72% 13.49% 10.39% 10.40% 11.20% 14.35% 11.50% 1.88%
EBIT Margin
11.19% 9.43% 13.72% 13.49% 10.39% 10.40% 11.20% 14.35% 11.50% 1.88%
Profit (Net Income) Margin
7.35% 8.62% 9.33% 9.36% 9.23% -3.98% 7.73% 9.99% 8.72% 1.22%
Tax Burden Percent
84.28% 88.52% 79.96% 81.57% 108.10% 57.59% 78.66% 78.49% 90.45% 725.00%
Interest Burden Percent
77.94% 103.21% 85.03% 84.99% 82.11% -66.39% 87.71% 88.72% 83.81% 8.99%
Effective Tax Rate
21.38% 17.70% 21.91% 22.07% -1.96% 0.00% 21.34% 21.51% 9.55% -625.00%
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%
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%
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%
Return on Equity (ROE)
8.67% 8.30% 10.93% 11.07% 11.70% 4.82% 9.45% 12.48% 11.66% 12.36%
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%
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%
Return on Assets (ROA)
3.93% 4.81% 5.33% 5.56% 5.78% -2.47% 4.87% 6.43% 5.76% 0.83%
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%
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%
Net Operating Profit after Tax (NOPAT)
32 33 49 48 44 33 42 56 47 65
NOPAT Margin
8.80% 7.76% 10.71% 10.51% 10.60% 7.28% 8.81% 11.26% 10.40% 13.62%
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%
Return On Investment Capital (ROIC_SIMPLE)
- 1.46% - - - 1.38% - - - 2.90%
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%
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%
R&D to Revenue
3.18% 2.79% 3.04% 2.93% 3.19% 2.64% 3.20% 2.94% 3.02% 2.85%
Operating Expenses to Revenue
11.24% 13.65% 14.18% 10.90% 11.44% 12.13% 13.83% 10.95% 11.83% 23.13%
Earnings before Interest and Taxes (EBIT)
41 41 63 61 44 48 53 72 53 8.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
72 72 94 93 75 79 84 103 84 40
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
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
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
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
Dividend Yield
0.59% 0.69% 0.63% 0.60% 0.74% 0.68% 0.72% 0.88% 0.93% 0.96%
Earnings Yield
1.94% 2.57% 2.62% 2.31% 2.91% 1.69% 1.62% 2.06% 2.13% 2.54%
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
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
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
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
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
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
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
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
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
Financial Leverage
0.46 0.39 0.41 0.40 0.40 0.31 0.38 0.41 0.40 0.32
Leverage Ratio
1.92 1.86 1.85 1.82 1.82 1.76 1.76 1.78 1.76 1.74
Compound Leverage Factor
1.50 1.92 1.58 1.55 1.49 -1.17 1.54 1.58 1.48 0.16
Debt to Total Capital
35.56% 31.76% 32.15% 31.86% 31.42% 28.95% 30.45% 33.60% 33.62% 31.44%
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%
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%
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
64.44% 68.24% 67.85% 68.14% 68.58% 71.05% 69.55% 66.40% 66.38% 68.56%
Debt to EBITDA
2.76 2.31 2.31 2.36 2.26 2.60 2.16 2.33 2.30 2.26
Net Debt to EBITDA
2.28 1.80 1.83 1.89 1.82 1.74 1.88 2.09 2.01 1.84
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
Debt to NOPAT
6.47 5.23 4.69 4.79 4.33 3.65 3.87 4.13 4.17 4.42
Net Debt to NOPAT
5.35 4.08 3.72 3.84 3.47 2.44 3.38 3.72 3.64 3.59
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
Altman Z-Score
3.77 4.11 4.57 4.99 4.73 5.05 5.11 4.54 4.44 4.66
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
2.42 2.23 2.78 2.93 3.03 2.74 2.74 2.75 2.76 2.21
Quick Ratio
1.03 1.01 1.28 1.31 1.32 1.46 1.24 1.22 1.19 0.95
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
150 49 -0.26 -99 -115 -42 8.71 52 7.29 154
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%
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
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
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
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.53 0.56 0.57 0.59 0.63 0.62 0.63 0.64 0.66 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
Inventory Turnover
4.32 4.32 4.02 4.07 4.07 4.15 3.90 3.96 3.94 4.15
Fixed Asset Turnover
0.89 0.93 0.98 1.02 1.07 1.07 1.09 1.11 1.14 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
Days Sales Outstanding (DSO)
45.89 44.30 52.97 52.58 45.55 46.66 54.27 53.32 47.92 42.84
Days Inventory Outstanding (DIO)
84.58 84.48 90.83 89.70 89.61 87.99 93.69 92.19 92.61 87.94
Days Payable Outstanding (DPO)
31.40 40.18 34.33 31.33 28.92 42.35 33.08 31.36 28.29 38.38
Cash Conversion Cycle (CCC)
99.07 88.61 109.48 110.94 106.25 92.31 114.88 114.16 112.24 92.40
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
Invested Capital Turnover
0.70 0.75 0.75 0.77 0.81 0.83 0.81 0.81 0.83 0.89
Increase / (Decrease) in Invested Capital
-118 -15 49 147 160 75 33 4.40 40 -89
Enterprise Value (EV)
4,991 5,484 6,375 7,064 6,133 6,715 6,773 5,898 5,778 5,774
Market Capitalization
4,332 4,920 5,764 6,439 5,528 6,247 6,149 5,184 5,076 5,204
Book Value per Share
$17.18 $18.46 $19.25 $19.75 $19.49 $20.41 $19.45 $18.90 $0.00 $0.00
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
Total Capital
2,242 2,278 2,391 2,445 2,401 2,416 2,347 2,366 2,395 2,229
Total Debt
797 724 769 779 754 700 715 795 805 701
Total Long-Term Debt
797 723 769 779 754 699 715 795 805 701
Net Debt
659 564 610 625 605 468 624 715 702 570
Capital Expenditures (CapEx)
20 18 18 57 20 14 29 23 17 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
311 293 412 430 415 321 415 439 430 303
Debt-free Net Working Capital (DFNWC)
402 405 518 534 513 548 501 514 528 428
Net Working Capital (NWC)
402 405 518 534 513 548 501 514 528 428
Net Nonoperating Expense (NNE)
5.28 -3.67 6.34 5.27 5.75 52 5.11 6.36 7.69 59
Net Nonoperating Obligations (NNO)
647 554 601 615 605 468 624 715 702 567
Total Depreciation and Amortization (D&A)
31 31 31 31 32 32 31 31 31 31
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%
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%
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%
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
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
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
Adjusted Weighted Average Diluted Shares Outstanding
85.10M 85M 85.50M 85.60M 85.60M 85.50M 84.80M 83.20M 82.10M 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
84.17M 84.28M 84.37M 84.47M 84.11M 84.39M 83.11M 81.75T 81.00T 81.13M
Normalized Net Operating Profit after Tax (NOPAT)
32 33 49 48 31 33 42 56 47 6.23
Normalized NOPAT Margin
8.80% 7.76% 10.71% 10.51% 7.28% 7.28% 8.81% 11.26% 10.40% 1.31%
Pre Tax Income Margin
8.72% 9.73% 11.67% 11.47% 8.53% -6.91% 9.82% 12.73% 9.64% 0.17%
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
NOPAT to Interest Expense
3.56 3.62 5.22 5.19 5.70 4.38 6.40 6.96 5.59 7.97
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
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
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%
Augmented Payout Ratio
23.38% 26.68% 23.61% 25.50% 43.63% 68.40% 175.98% 43.08% 277.43% 228.24%

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.

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 4/15/2025 by MarketBeat.com Staff
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