Is the business good?
How good a business is HXL?
Hexcel Corporation earns 6.6% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.6%
Return on invested capital · cost of capital 9.0% · 2.4 points below what the capital costs: growth destroys value
- Operating margin
- 9.5%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q1 2026
- Share count, year on year
- −6.1%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 3.1%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 0.94% |
| FY2021 | 3.9% |
| FY2022 | 11% |
| FY2023 | 12% |
| FY2024 | 9.8% |
| FY2025 | 9.1% |
Details›
- Gross margin12 months to Q1 2026
- 24%
- Operating margin12 months to Q1 2026
- 9.5%
- Free cash flow margin
- 11%
- R&D as % of revenue
- 3.1%
- Revenue, trailing twelve months
- $1.94B
- Free cash flow, trailing twelve months
- $206M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.6%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Aerospace & Defense
Ranks #34 of 48 by Smart Score