Hexcel HXL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Composite Materials | $427.2M+10.8% | $415.1M+5.0% | $382.1M-2.1% | $412.6M-4.6% | $385.4M-4.3% | |
| Corporate Reconciling Items And Eliminations | -$30M-47.1% | -$22.3M-9.3% | -$20.3M+10.6% | -$19.8M+19.2% | -$20.4M+13.6% | |
| Engineered Products | $104.3M+14.0% | $98.5M-0.2% | $94.4M+6.1% | $97.1M+5.1% | $91.5M-1.7% | |
| Other Operating Income Expense Net by Business | ||||||
| Composite Materials | -$5.7M— | $0+100% | -$2.8M-1,300% | -$0— | -$0+100% | |
| Corporate Reconciling Items And Eliminations | -$4.2M— | -$700K-147% | -$5M— | $0— | $0— | |
| Engineered Products | -$0+100% | -$3M+56.5% | -$1M-400% | -$24.2M-12,000% | -$1.1M-175% | |
| Operating Income by Business | ||||||
| Composite Materials | $69.7M+27.7% | $68.2M+229% | $39.9M-29.1% | $58.3M-21.5% | $54.6M-14.3% | |
| Corporate Reconciling Items And Eliminations | -$27.3M-76.1% | -$14.8M+4.5% | -$17.5M-26.8% | -$14.7M+5.2% | -$15.5M+34.6% | |
| Engineered Products | $15.2M+198% | $8M+116% | $13.6M+36.0% | -$13.6M-205% | $5.1M-60.5% | |
| Gross Profit by Business | ||||||
| Composite Materials | $113.9M+23.9% | $106.9M+9.2% | $81.9M-10.8% | $96.9M-11.9% | $91.9M-10.3% | |
| Corporate Reconciling Items And Eliminations | $0+100% | -$1.1M— | -$1.3M+38.1% | -$1M+67.7% | -$1.1M+73.2% | |
| Engineered Products | $20.8M+79.3% | $15.2M-12.6% | $19.3M+14.9% | $15.6M-20.8% | $11.6M-41.4% | |
| Selling General And Administrative Expense by Business | ||||||
| Composite Materials | $22.3M-12.5% | $26.3M+1.5% | $27.1M+13.9% | $26.3M+13.4% | $25.5M+0.8% | |
| Corporate Reconciling Items And Eliminations | $23M+70.4% | $12.2M-24.7% | $10.2M-4.7% | $12.7M+11.4% | $13.5M-26.2% | |
| Engineered Products | $4.1M-4.7% | $3.1M-46.6% | $3.8M-28.3% | $4M-24.5% | $4.3M-20.4% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Composite Materials | $2.06B-5.7% | —— | —— | $186.8M-65.2% | $2.19B+308% | |
| Corporate Reconciling Items And Eliminations | $46.5M+43.5% | $189.7M+1,973% | -$24.1M-363% | -$156.9M-1,815% | $32.4M+254% | |
| Engineered Products | $615M+10.1% | $7.8M-94.2% | $0-100% | $34.2M-74.7% | $558.8M+313% | |
| Cost of Goods Sold by Business | ||||||
| Composite Materials | $313.3M+6.7% | $308.3M+3.6% | $300.1M+0.6% | $315.7M-2.1% | $293.5M-2.3% | |
| Corporate Reconciling Items And Eliminations | -$30M-55.4% | -$21.2M+10.2% | -$19M+7.8% | -$18.8M+12.1% | -$19.3M+1.0% | |
| Engineered Products | $83.5M+4.5% | $83.2M+2.3% | $75.2M+4.2% | $81.5M+12.1% | $79.9M+9.0% | |
| Research And Development Expense by Business | ||||||
| Composite Materials | $16.2M+37.3% | $12.4M+6.9% | $12.1M+6.1% | $12.3M-1.6% | $11.8M-6.3% | |
| Corporate Reconciling Items And Eliminations | $100K-88.9% | $900K0.0% | $900K-18.2% | $1M0.0% | $900K-30.8% | |
| Engineered Products | $1.5M+36.4% | $1M0.0% | $1M-23.1% | $1M-16.7% | $1.1M-8.3% | |
| Contract With Customer Asset Net by Business | ||||||
| Composite Materials | $12.6M+32.6% | $11.4M+25.3% | $13M+16.1% | $11.2M+8.7% | $9.5M-4.0% | |
| Engineered Products | $27.8M+6.1% | $24.5M+18.4% | $25.9M+6.6% | $29.5M+21.9% | $26.2M+23.6% | |
| Change In Unbilled Revenue Earned Over Time by Business | ||||||
| Composite Materials | $1.2M+200% | -$6.2M-67.6% | $1.8M+100% | $1.7M+325% | $400K-75.0% | |
| Engineered Products | $3.3M-40.0% | -$9M+21.1% | -$3.6M-3,700% | $3.3M+10.0% | $5.5M+25.0% | |
| D&A by Business | ||||||
| Composite Materials | $27.2M+2.3% | $27.6M+1.1% | $27.7M+1.5% | $26.9M-1.5% | $26.6M-2.2% | |
| Corporate Reconciling Items And Eliminations | $0— | —— | $0— | $0— | $0— | |
| Engineered Products | $3.2M0.0% | $3.2M-13.5% | $3.2M-13.5% | $2.7M-27.0% | $3.2M-15.8% | |
| Operating Segment Including Goodwill And Intangible Assets by Business | ||||||
| Composite Materials | $88.5M+1.4% | $89.9M+8.2% | $90.3M+3.4% | $91.2M+7.0% | $87.3M+1.7% | |
| Engineered Products | $148.9M-2.6% | $149.9M-2.6% | $150.9M-5.9% | $152M-5.9% | $152.9M-6.1% | |
| Net Impact Of Capital Expenditure Payments And Accrued Payables by Business | ||||||
| Composite Materials | $16M+3.2% | —— | $16.7M+4.4% | $13.1M-29.6% | $15.5M-7.2% | |
| Corporate Reconciling Items And Eliminations | $0— | —— | $0— | $0— | $0— | |
| Engineered Products | $1.7M+6.3% | —— | $1.4M-44.0% | $1.6M-59.0% | $1.6M-15.8% | |
| Stock-Based Comp by Business | ||||||
| Composite Materials | $3.4M+13.3% | $800K-27.3% | $600K-25.0% | $900K-18.2% | $3M-3.2% | |
| Corporate Reconciling Items And Eliminations | $5.1M-13.6% | $100K-93.8% | $200K-89.5% | $1.6M-15.8% | $5.9M-35.9% | |
| Engineered Products | $800K0.0% | $100K-50.0% | $200K0.0% | $200K-33.3% | $800K0.0% | |
| Goodwill And Intangible Assets Currency Translation And Other Adjustments by Business | ||||||
| Composite Materials | -$1M-122% | $800K+129% | —— | $4.3M+817% | $4.6M+560% | |
| Engineered Products | $0— | $2M-16.7% | -$2.1M-75.0% | $100K+108% | $0— | |
| Amortization Of Intangible Assets by Business | ||||||
| Composite Materials | $400K0.0% | $1.2M-14.3% | —— | $400K— | $400K0.0% | |
| Engineered Products | $1M0.0% | $3M-18.9% | —— | $1M+900% | $1M-16.7% | |
| Revenue by Product | ||||||
| Commercial Aerospace | $332.7M+18.8% | —— | —— | —— | $280.1M-6.4% | |
| Space And Defense Market Applications | $168.8M-4.3% | $191.8M-1.9% | $182M+13.3% | $196.8M+9.5% | $176.4M+2.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Hexcel break its business down?
- Hexcel (HXL) reports revenue by business across 3 parts — Composite Materials, Corporate Reconciling Items And Eliminations and Engineered Products. Each is extracted from the segment footnotes and tracked over time.
- Where does Hexcel's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Hexcel's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
