HXL
Hexcel Corporation
HXL's fundamentals are strong and it looks cheap: trading at 36x earnings, below its usual 47x. Analysts expect strong earnings growth.
HXL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
HXL's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
HXL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $79.91 | — |
| Cheap | 32x | $71.17 | -11% |
| Current | 36x | $79.91 | — |
| Fair | 47x | $105 | +31% |
| Expensive | 66x | $146 | +83% |
Historical ranges are pointers, not guarantees.
HXL's PE is in its cheap range at 36x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
HXL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HXL, with profitability improving.
HXL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.72 | +23% |
| Q3 2026 | $2.22 | +161% |
| Q2 2026 | $1.98 | +83% |
| Q1 2026 | $1.51 | 0% |
| Q4 2025 | $1.37 | -14% |
| Q3 2025 | $0.85 | -35% |
| Q2 2025 | $1.08 | -15% |
| Q1 2025 | $1.51 | +29% |
| Q4 2024 | $1.59 | +28% |
HXL's earnings per share have fallen from their peak: $2.22 over the past year, against $3.57 in late 2019.
HXL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $496.4M | +8.8% |
| Q2 2026 | $529.3M | +8% |
| Q1 2026 | $501.5M | +9.9% |
| Q4 2025 | $491.3M | +3.7% |
| Q3 2025 | $456.2M | -0.1% |
| Q2 2025 | $489.9M | -2.1% |
| Q1 2025 | $456.5M | -3.3% |
| Q4 2024 | $473.8M | +3.6% |
HXL's revenue has grown year over year for four quarters in a row: $496M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +3.1 points |
| Q2 2026 | 14% | +7.6 points |
| Q1 2026 | 11% | +1.8 points |
| Q4 2025 | 13% | +11 points |
| Q3 2025 | 7.9% | -3.6 points |
| Q2 2025 | 6.1% | -8.2 points |
| Q1 2025 | 9.7% | -1.5 points |
| Q4 2024 | 1.9% | -8.5 points |
HXL's operating margin was 11% last quarter, up 3.1 points from the same quarter a year ago.
HXL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $50.7M | -47% |
| Q2 2026 | $58M | +625% |
| Q1 2026 | -$6.2M | +$48.4M |
| Q4 2025 | $107.3M | -25% |
| Q3 2025 | $96.5M | +32% |
| Q2 2025 | $8M | -62% |
| Q1 2025 | -$54.6M | -$18.9M |
| Q4 2024 | $144M | -0.8% |
HXL generated $210M in free cash flow over the past year, up 8.2% from the year before.
HXL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +200K shares |
| 1 year | -4.5% | -3.6M shares |
| 3 years | -10% | -8.9M shares |
| 5 years | -9.4% | -8M shares |
| Available history | -11% | -9.1M shares |
HXL has 77M diluted shares, down 4.5% from a year ago, with $353M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $353.4M |
| Q3 2025 | — |
| Q2 2025 | $50.5M |
| Q1 2025 | $50.4M |
| Q4 2024 | — |
HXL spent $353M buying back its own shares over the past year, about four times what it spent the year before.
HXL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 1.9x | Healthy |
HXL's net debt is about 2.3 years of its operating earnings (EBITDA), down from 2.8 years a year ago.
HXL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.8 | Neutral |
| Stochastic | 8.0 | Oversold |
HXL's weekly RSI is 40 (neutral) and its Stochastic is 8 (oversold).
HXL PE vs Industrials Sector
| Metric | HXL | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 50% above |
| PE % | 24 | 58 | 34 pts below |
HXL is trading at 36x earnings, a 50% premium to the Industrials sector's median of 24x.
HXL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.1 | 3.9% below |
| 20 week MA | $92.5 | 14% below |
| 50 week MA | $88.3 | 9.5% below |
| 100 week MA | $74.5 | 7.2% above |
| 200 week MA | $71.2 | 12% above |
HXL has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 12% above its 200-week average.
HXL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $73.8 | $48.8 | -34% |
| 2021 | $48.8 | $51.4 | +5.3% |
| 2022 | $51.4 | $58.0 | +13% |
| 2023 | $58.0 | $73.8 | +27% |
| 2024 | $73.8 | $63.1 | -14% |
| 2025 | $63.1 | $76.1 | +21% |
| 2026 YTD | $76.1 | $79.9 | +5% |
HXL has finished higher in four of the last six years. It's up 5% so far in 2026.