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Hexcel HXL Composite Materials — Operating Income

Other segment segments

Corporate Reconciling Items And Eliminations
-$18M-22.4%
Engineered Products
$16.4M+221%

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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:OperatingIncomeLoss.

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
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
Depreciation and amortization27.03.1-30.1
Stock-based compensation1.20.33.75.2
Accrual basis additions to capital expenditures16.92.619.5
Quarter Ended June 30, 2025

ITEM 1. Condensed Consolidated Financial Statements

FAQ

What is Hexcel's composite materials — operating income?
Hexcel (HXL) reported composite materials — operating income of $74.2M in Q2 2026.
How has Hexcel's composite materials — operating income changed year-over-year?
Hexcel's composite materials — operating income increased by 27.3% year-over-year, from $58.3M to $74.2M.
What is the long-term trend for Hexcel's composite materials — operating income?
Over 4 years (2021 to 2025), Hexcel's composite materials — operating income has grown at a 25.9% compound annual growth rate (CAGR), from $88.1M to $221M.
What does composite materials — operating income mean?
Measures the segment's profitability after accounting for all production costs, operating expenses, and R&D investments. It is the primary indicator of the segment's operational health and its ability to generate sustainable earnings from its core business activities. This figure is essential for comparing the segment's performance against industry peers.

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