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Hexcel HXL Composite Materials — Gross Profit

Other segment segments

Engineered Products
$21.5M+37.8%
Corporate Reconciling Items And Eliminations
-$300K+70.0%

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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$7.89B+62.9%
Enterprise value$8.79B+57.1%
P/E51.4×-3.6×
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:GrossProfit.

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) / Quarter Ended June 30, 2026Composite / MaterialsEngineered / ProductsCorporate & / Other (a)Total
Intersegment sales27.21.5(28.7)
Total sales448.7109.3(28.7)529.3
Cost of sales331.887.8(28.4)391.2
Gross margin116.921.5(0.3)138.1
Selling, general and administrative expenses25.93.717.647.2
Research and development expenses15.81.40.117.3
Other operating expense1.01.0
Operating income (loss)74.216.4(18.0)72.6

ITEM 1. Condensed Consolidated Financial Statements

FAQ

What is Hexcel's composite materials — gross profit?
Hexcel (HXL) reported composite materials — gross profit of $116.9M in Q2 2026.
How has Hexcel's composite materials — gross profit changed year-over-year?
Hexcel's composite materials — gross profit increased by 20.6% year-over-year, from $96.9M to $116.9M.
What is the long-term trend for Hexcel's composite materials — gross profit?
Over 3 years (2022 to 2025), Hexcel's composite materials — gross profit has grown at a 7.2% compound annual growth rate (CAGR), from $306.4M to $377.6M.
What does composite materials — gross profit mean?
Calculated as the difference between segment revenue and the direct costs of producing composite materials. This metric indicates the segment's ability to manage production costs and maintain pricing power in the competitive aerospace supply chain. It serves as a fundamental measure of the profitability of the segment's core manufacturing activities before operating expenses.

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