What is Hexcel's R&D?

Hexcel (HXL) reported R&D of $17.8M in Q1 2026.

How has Hexcel's R&D changed year-over-year?

Hexcel's R&D increased by 29.0% year-over-year, from $13.8M to $17.8M.

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.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Hexcel HXL R&D

R&D at other companies

Howmet AerospaceHWM

$9M+12.5%

Eastman ChemicalEMN

$60M-10.4%

TerexTEX

$9.75M+56.0%

Element SolutionsESI

$20.2M+27.0%

DowDOW

$181M-9.5%

DuPont de Nemours, Inc.DD

$47M-6.0%

Segments

By segment

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Composite Materials$16.2M+37.3%

Engineered Products$1.5M+36.4%

Corporate Reconciling Items And Eliminations$100K-88.9%

Other financials

Income statement

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Revenue$501.5M+9.9%

Gross profit$134.7M+31.5%

Operating income$57.6M+30.3%

Net income$37.2M+28.7%

EPS (diluted)$0.49+40.0%

Balance sheet

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Cash & equivalents$54.1M-39.3%

Total debt$998.1M+26.8%

Total equity$1.3B-17.4%

Total assets$2.7B-2.0%

Cash flow

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Operating cash flow$19.0M+167%

CapEx$25.2M-3.4%

Free cash flow-$6.2M+88.6%

Valuation

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Market cap$7.36B+39.5%

Enterprise value$8.31B+38.9%

P/E62.6×+20.2×

P/S3.8×+1.0×

Profitability

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Gross margin24.1%0.0pp

Operating margin9.5%+0.1pp

Net margin6.1%-0.5pp

FCF margin10.6%+0.9pp

Returns & leverage

See full

Return on equity8.4%+0.5pp

Debt / equity0.8×+0.3×

Current ratio2.5×-0.1×

Where this comes from

Reported directly by Hexcel in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Hexcel’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hexcel's R&D?: Hexcel (HXL) reported R&D of $17.8M in Q1 2026.
How has Hexcel's R&D changed year-over-year?: Hexcel's R&D increased by 29.0% year-over-year, from $13.8M to $17.8M.
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.