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R&D at other companies

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$6.56M+2.3%
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$6.7M-4.3%

Segments

By segment

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Composite Materials$15.8M+28.5%
Engineered Products$1.4M+40.0%
Corporate Reconciling Items And Eliminations$100K-90.0%

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:ResearchAndDevelopmentExpense.

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
Cost of sales391.2378.4758.0732.5
Gross margin138.1111.5272.8213.9
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)

ITEM 1. Condensed Consolidated Financial Statements

FAQ

What is Hexcel's R&D?
Hexcel (HXL) reported R&D of $17.3M in Q2 2026.
How has Hexcel's R&D changed year-over-year?
Hexcel's R&D increased by 21.0% year-over-year, from $14.3M to $17.3M.
What is the long-term trend for Hexcel's R&D?
Over 4 years (2021 to 2025), Hexcel's R&D has grown at a 5.7% compound annual growth rate (CAGR), from $45.1M to $56.4M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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