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Hexcel HXL Contract Assets

Contract Assets at other companies

Albany International Inc. logo
Albany International Inc.AIN
$80.85M-48.2%
ATI logo
ATIATI
$95.9M+11.0%
Ducommun logo
DucommunDCO
$259.67M+18.3%
Standex International logo
Standex InternationalSXI
$43.24M-26.0%
Dover logo
DoverDOV
$50.96M+180%

Segments

By segment

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Engineered Products$27M-8.5%
Composite Materials$14.6M+30.4%

Other financials

Income statement

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Revenue$529.3M+8.0%
Gross profit$138.1M+23.9%
Operating income$72.6M+142%
Net income$49.3M+265%
EPS (diluted)$0.64+276%

Balance sheet

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Cash & equivalents$62.2M-19.4%
Total debt$959.4M+15.9%
Total equity$1.3B-16.5%
Total assets$2.7B-4.0%

Cash flow

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Operating cash flow$77.7M+233%
CapEx$19.7M+28.8%
Free cash flow$58.0M+625%

Valuation

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Market cap$7.82B+63.4%
Enterprise value$8.72B+57.4%
P/E51×-3.4×
P/S+1.4×

Profitability

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Gross margin25%+1.6pp
Operating margin11.5%+4.3pp
Net margin7.8%+3.1pp
FCF margin12.9%+3.8pp

Returns & leverage

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Return on equity10.8%+5.1pp
Debt / equity0.7×+0.2×
Current ratio2.4×-0.3×

Where this comes from

Reported directly by Hexcel in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The source filing: Hexcel’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:35 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-323941
(In millions)June 30, 2026December 31, 2025
Cash and cash equivalents$62.2$71.0
Accounts receivable, net299.2249.3
Inventories, net345.2328.8
Contract assets41.635.9
Prepaid expenses and other current assets44.045.7
Total current assets792.2730.7
Property, plant and equipment3,324.23,322.4
Less accumulated depreciation(1,743.1)(1,710.9)

ITEM 1. Condensed Consolidated Financial Statements

FAQ

What is Hexcel's contract assets?
Hexcel (HXL) reported contract assets of $41.6M in Q2 2026.
How has Hexcel's contract assets changed year-over-year?
Hexcel's contract assets increased by 2.2% year-over-year, from $40.7M to $41.6M.
What is the long-term trend for Hexcel's contract assets?
Over 5 years (2020 to 2025), Hexcel's contract assets has grown at a -3.6% compound annual growth rate (CAGR), from $43.1M to $35.9M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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