Hexcel Corporation (HXL) Key Metrics
HXL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.82B
- Enterprise value
- $7.40B
- P/E (TTM)
- 45.6 10-yr median 39.5
- Forward P/E
- 20.3
- PEG ratio
- 0.61
- Price / sales
- 3.4 10-yr median 2.8
- Price / book
- 5.0 10-yr median 3.7
- EV / EBITDA
- 21.1 10-yr median 17.1
- Dividend yield
- 0.80% $0.72 a year
- Beta
- 1.10
HXL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHXL valuation Price multiples at each fiscal year-end price.
HXL returns How much profit the business earns on the capital it uses.
HXL per-share figures Results divided by the shares outstanding at year-end.
HXL financial health Debt, liquidity and how easily interest is covered.
HXL efficiency & capital use Working capital cycle and where the cash goes.
HXL valuation history
HXL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HXL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HXL cash returned to shareholders
HXL price vs earnings per share
HXL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.91B | $5.20B | $6.31B | $5.00B | $4.38B | $4.07B | $6.29B | $5.10B | $5.68B | $4.85B |
| Enterprise value | $6.83B | $5.80B | $6.81B | $5.66B | $5.08B | $4.96B | $7.35B | $6.03B | $6.43B | $5.50B |
| P/E ratio | 54.0 | 39.4 | 59.7 | 39.6 | 272.2 | 128.5 | 20.5 | 18.4 | 20.0 | 19.4 |
| Price / sales | 3.1 | 2.7 | 3.5 | 3.2 | 3.3 | 2.7 | 2.7 | 2.3 | 2.9 | 2.4 |
| Price / book | 4.7 | 3.4 | 3.7 | 3.2 | 3.0 | 2.7 | 4.3 | 3.9 | 3.8 | 3.9 |
| Price / free cash flow | 19.2 | 25.6 | 42.3 | 51.7 | 35.4 | 19.1 | 21.9 | 21.5 | 37.7 | 65.9 |
| Price / operating cash flow | 25.6 | 18.0 | 24.5 | 28.9 | 28.9 | 15.4 | 12.8 | 12.1 | 13.3 | 12.1 |
| EV / sales | 3.6 | 3.1 | 3.8 | 3.6 | 3.8 | 3.3 | 3.1 | 2.8 | 3.3 | 2.7 |
| EV / EBITDA | 23.2 | 16.1 | 31.6 | 18.1 | 25.6 | 32.0 | 13.0 | 12.2 | 14.1 | 12.1 |
| EV / free cash flow | 22.2 | 28.6 | 45.7 | 58.5 | 41.0 | 23.2 | 25.6 | 25.4 | 42.7 | 74.8 |
| Earnings yield | 1.9% | 2.5% | 1.7% | 2.5% | 0.4% | 0.8% | 4.9% | 5.4% | 5.0% | 5.2% |
| Free cash flow yield | 5.2% | 3.9% | 2.4% | 1.9% | 2.8% | 5.2% | 4.6% | 4.6% | 2.6% | 1.5% |
| Dividend yield | 0.9% | 0.9% | 0.7% | 0.7% | 0.8% | 0.3% | 0.9% | 0.9% | 0.7% | 0.8% |
| Shareholder yield (dividends + buybacks) | 8.6% | 5.8% | 1.1% | 0.7% | 0.8% | 1.0% | 3.1% | 8.0% | 3.4% | 3.1% |
| Share price at fiscal year-end | $73.90 | $62.70 | $73.75 | $58.85 | $51.80 | $48.49 | $73.31 | $57.34 | $61.85 | $51.44 |
| Per share | ||||||||||
| Revenue per share | $23.67 | $22.93 | $20.92 | $18.56 | $15.66 | $17.89 | $27.46 | $24.60 | $21.47 | $21.28 |
| Earnings per share | $1.37 | $1.59 | $1.24 | $1.49 | $0.19 | $0.38 | $3.57 | $3.11 | $3.09 | $2.65 |
| Operating cash flow per share | $2.88 | $3.49 | $3.01 | $2.04 | $1.79 | $3.15 | $5.72 | $4.73 | $4.66 | $4.26 |
| Free cash flow per share | $3.84 | $2.44 | $1.74 | $1.14 | $1.46 | $2.54 | $3.34 | $2.67 | $1.64 | $0.78 |
| Cash per share | $0.89 | $1.51 | $2.65 | $1.32 | $1.51 | $1.23 | $0.75 | $0.37 | $0.65 | $0.37 |
| Book value per share | $15.63 | $18.41 | $20.08 | $18.28 | $17.56 | $17.98 | $16.85 | $14.85 | $16.27 | $13.22 |
| Tangible book value per share | $12.64 | $15.55 | $17.14 | $15.27 | $14.40 | $14.67 | $13.59 | $13.26 | $14.65 | $12.45 |
| Dividends per share | $0.67 | $0.59 | $0.49 | $0.40 | $0.40 | $0.17 | $0.63 | $0.54 | $0.46 | $0.42 |
| Capex per share | $0.96 | $1.05 | $1.27 | $0.90 | $0.33 | $0.60 | $2.38 | $2.07 | $3.03 | $3.48 |
| Debt per share | $12.41 | $8.75 | $8.53 | $9.10 | $9.73 | $11.74 | $13.13 | $10.75 | $8.81 | $7.31 |
| Shares outstanding | 80.0M | 83.0M | 85.5M | 85.0M | 84.6M | 84.0M | 85.8M | 89.0M | 91.9M | 94.2M |
| Change in shares outstanding | −3.6% | −2.9% | +0.6% | +0.5% | +0.7% | −2.1% | −3.6% | −3.2% | −2.4% | −3.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.9% | 8.1% | 6.5% | 8.3% | 1.1% | 2.1% | 22.2% | 19.6% | 20.7% | 20.6% |
| Return on invested capital (ROIC) | 6.5% | 7.3% | 8.6% | 6.4% | 1.7% | 0.5% | 14.3% | 13.4% | 14.7% | 14.6% |
| Return on assets (ROA) | 4.0% | 4.7% | 3.7% | 4.5% | 0.6% | 1.0% | 10.3% | 9.9% | 11.0% | 10.9% |
| Return on tangible assets | 4.4% | 5.3% | 4.0% | 4.9% | 0.6% | 1.2% | 10.8% | 10.3% | 10.8% | 10.7% |
| Free cash flow margin | 16.2% | 10.7% | 8.3% | 6.1% | 9.3% | 14.2% | 12.2% | 10.8% | 7.6% | 3.7% |
| Income quality (OCF / net income) | 2.11 | 2.19 | 2.43 | 1.37 | 9.42 | 8.34 | 1.60 | 1.52 | 1.51 | 1.61 |
| Financial health | ||||||||||
| Total debt | $993.0M | $726.1M | $728.9M | $773.1M | $823.3M | $985.8M | $1.13B | $956.8M | $809.9M | $688.7M |
| Cash & short-term investments | $71.0M | $125.4M | $227.0M | $112.0M | $127.7M | $103.3M | $64.4M | $32.7M | $60.1M | $35.2M |
| Net debt | $922.0M | $600.7M | $501.9M | $661.1M | $695.6M | $882.5M | $1.06B | $924.1M | $749.8M | $653.5M |
| Debt / equity | 0.79 | 0.48 | 0.42 | 0.50 | 0.55 | 0.65 | 0.78 | 0.72 | 0.54 | 0.55 |
| Debt / assets | 0.37 | 0.27 | 0.25 | 0.27 | 0.29 | 0.34 | 0.36 | 0.34 | 0.29 | 0.29 |
| Net debt / EBITDA | 3.13 | 1.67 | 2.33 | 2.12 | 3.51 | 5.69 | 1.87 | 1.87 | 1.65 | 1.44 |
| Current ratio | 2.26 | 2.21 | 2.74 | 2.23 | 2.49 | 2.93 | 2.19 | 2.07 | 2.51 | 2.23 |
| Quick ratio | 1.25 | 1.20 | 1.68 | 1.26 | 1.50 | 1.76 | 1.15 | 1.16 | 1.31 | 1.16 |
| Interest coverage | 4.6 | 6.0 | 6.3 | 4.8 | 1.4 | 0.3 | 9.3 | 9.8 | 12.8 | 16.3 |
| Working capital | $408.0M | $428.0M | $548.3M | $404.6M | $368.7M | $352.8M | $382.3M | $349.1M | $394.6M | $335.1M |
| Invested capital | $2.17B | $2.13B | $2.22B | $2.22B | $2.18B | $2.39B | $2.51B | $2.25B | $2.24B | $1.90B |
| Tangible asset value | $1.01B | $1.29B | $1.47B | $1.30B | $1.22B | $1.23B | $1.17B | $1.18B | $1.35B | $1.17B |
| Net current asset value | −$722.6M | −$416.2M | −$337.8M | −$548.7M | −$717.6M | −$871.7M | −$977.6M | −$826.3M | −$629.1M | −$548.7M |
| Graham number | $21.93 | $25.68 | $23.63 | $24.72 | $8.67 | $12.36 | $36.81 | $32.23 | $33.63 | $28.08 |
| Graham net-net per share | −$12.55 | −$8.59 | −$7.17 | −$9.65 | −$11.11 | −$12.75 | −$14.47 | −$12.21 | −$9.60 | −$8.39 |
| Capital allocation | ||||||||||
| Dividends paid | $53.9M | $49.3M | $42.2M | $33.7M | $33.7M | $14.2M | $54.2M | $48.4M | $42.6M | $39.8M |
| Share buybacks (net) | $454.3M | $252.2M | $30.1M | $0 | $0 | $24.6M | $143.0M | $357.7M | $150.3M | $111.1M |
| Dividend payout ratio | 49.3% | 37.3% | 39.9% | 26.7% | 209.3% | 44.8% | 17.7% | 17.5% | 15.0% | 15.9% |
| Dividends + buybacks / free cash flow | 165.4% | 148.6% | 48.6% | 34.8% | 27.2% | 18.2% | 68.7% | 171.1% | 128.1% | 205.3% |
| Capex / revenue | 4.0% | 4.6% | 6.0% | 4.8% | 2.1% | 3.4% | 8.7% | 8.4% | 14.1% | 16.4% |
| Capex / operating cash flow | 33.3% | 30.0% | 42.1% | 44.1% | 18.4% | 19.1% | 41.6% | 43.7% | 64.9% | 81.7% |
| Capex / depreciation | 0.63 | 0.70 | 0.87 | 0.60 | 0.20 | 0.36 | 1.44 | 1.50 | 2.66 | 3.51 |
| Stock-based compensation / revenue | 0.8% | 1.2% | 1.2% | 1.3% | 1.4% | 1.0% | 0.8% | 0.7% | 0.9% | 0.8% |
| R&D / revenue | 3.0% | 3.0% | 2.9% | 2.9% | 3.4% | 3.1% | 2.4% | 2.6% | 2.5% | 2.3% |
| SG&A / revenue | 8.9% | 9.3% | 9.1% | 9.4% | 10.2% | 8.1% | 6.7% | 6.7% | 7.7% | 7.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 50.8 | 48.1 | 52.5 | 51.5 | 49.5 | 54.5 | 45.8 | 46.7 | 45.7 | 43.7 |
| Days of inventory on hand | 85.7 | 87.9 | 88.0 | 84.5 | 78.0 | 79.0 | 67.1 | 69.4 | 77.7 | 75.8 |
| Days payables outstanding | 36.1 | 38.4 | 42.3 | 40.2 | 31.1 | 32.9 | 34.0 | 34.7 | 36.1 | 36.3 |
| Cash conversion cycle (days) | 100.3 | 97.7 | 98.1 | 95.8 | 96.4 | 100.6 | 79.0 | 81.4 | 87.3 | 83.2 |
| Receivables turnover | 7.19 | 7.59 | 6.95 | 7.08 | 7.37 | 6.70 | 7.96 | 7.82 | 7.98 | 8.36 |
| Payables turnover | 10.10 | 9.51 | 8.62 | 9.09 | 11.73 | 11.10 | 10.74 | 10.51 | 10.10 | 10.06 |
| Inventory turnover | 4.26 | 4.15 | 4.15 | 4.32 | 4.68 | 4.62 | 5.44 | 5.26 | 4.70 | 4.81 |
| Asset turnover | 0.70 | 0.67 | 0.62 | 0.56 | 0.46 | 0.50 | 0.79 | 0.78 | 0.76 | 0.87 |
| Average receivables | $263.5M | $250.8M | $257.2M | $222.8M | $179.7M | $224.4M | $295.9M | $280.1M | $247.2M | $239.8M |
| Average payables | $144.4M | $150.7M | $157.3M | $134.3M | $91.6M | $113.8M | $159.8M | $153.0M | $140.7M | $143.1M |
| Average inventory | $342.5M | $345.3M | $326.9M | $282.5M | $229.6M | $273.3M | $315.4M | $305.9M | $302.5M | $299.1M |
| Intangibles / total assets | 8.9% | 8.7% | 8.6% | 9.0% | 9.5% | 9.5% | 9.0% | 5.0% | 5.3% | 3.0% |
Computed from HXL's annual financial statements (latest annual report filed February 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HXL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hexcel traded at 54.0 times earnings, against a 10-year median of 39.5. Based on the latest twelve months, the trailing P/E is 45.6 and the forward P/E is 20.3. Hexcel earned a return on equity of 7.9% and a return on invested capital of 6.5% in fiscal 2025. It ended the year with $993.0 million of debt and $71.0 million in cash and short-term investments, net debt of $922.0 million. It returned $508.2 million to shareholders: $53.9 million in dividends and $454.3 million in share buybacks, 165% of free cash flow. The share count fell 15.1% from 94.2M to 80.0M over 9 years.
See the HXL income statement, the HXL chart for price history, or the HXL stock overview for the latest quote and news.
HXL key metrics FAQ
What is Hexcel's P/E ratio?
Hexcel's trailing P/E ratio is 45.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.3. At the end of fiscal 2025 it was 54.0, compared with a 10-year median of 39.5.
What is Hexcel's EV/EBITDA?
Hexcel's enterprise value was 23.2 times EBITDA at the end of fiscal 2025 (enterprise value $6.8 billion, EBITDA $295.0 million); the current EV/EBITDA is 21.1.
What is Hexcel's return on equity?
Hexcel's return on equity (ROE) was 7.9% in fiscal 2025: net income of $109.4 million on average shareholders' equity of $1.4 billion.
What is Hexcel's ROIC?
Hexcel's return on invested capital was 6.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hexcel have?
Hexcel had total debt of $993.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.79 and $922.0 million of net debt (3.13 times EBITDA).
What is Hexcel's dividend yield?
Hexcel's forward dividend yield is 0.80%. Hexcel paid $53.9 million in dividends in fiscal 2025 ($0.67 per share), a payout ratio of 49.3%.
Does Hexcel buy back its shares?
Yes. Hexcel spent $454.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.6% over the year, to 80.0M..
What is Hexcel's free cash flow yield?
Hexcel generated $307.2 million of free cash flow in fiscal 2025, a free cash flow yield of 5.2% on its market value at year-end ($5.9 billion).
What is Hexcel's current ratio?
Hexcel's current ratio was 2.26 at the end of fiscal 2025: current assets were 2.26 times current liabilities.