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Hexcel HXL Operating Income

Operating Income at other companies

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$220M+36.6%
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$276M+19.5%
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Cabot CorporationCBT
$129M-20.4%
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MaterionMTRN
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WestlakeWLK
$364M+434%

Segments

By segment

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Composite Materials$74.2M+27.3%
Corporate Reconciling Items And Eliminations-$18M-22.4%
Engineered Products$16.4M+221%

Other financials

Income statement

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Revenue$529.3M+8.0%
Gross profit$138.1M+23.9%
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
Hexcel Corporation and Subsidiaries / Condensed Consolidated Statements of Operations / (In millions, except per share data)Quarters Ended June 30, 2026Quarters Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Selling, general and administrative expenses47.243.096.686.3
Research and development expenses17.314.335.128.1
Other operating expense1.024.210.925.3
Operating income72.630.0130.274.2
Interest expense, net12.09.123.816.9
Other (income) expense(0.1)(0.9)0.2(0.5)
Income before income taxes60.721.8106.257.8
Income tax expense11.48.319.715.4

ITEM 1. Condensed Consolidated Financial Statements

FAQ

What is Hexcel's operating income?
Hexcel (HXL) reported operating income of $72.6M in Q2 2026.
How has Hexcel's operating income changed year-over-year?
Hexcel's operating income increased by 142.0% year-over-year, from $30M to $72.6M.
What is the long-term trend for Hexcel's operating income?
Over 4 years (2021 to 2025), Hexcel's operating income has grown at a 34.9% compound annual growth rate (CAGR), from $51.8M to $171.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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