Filing Flows › Materials › Hexcel (HXL)
Hexcel (HXL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 21, 2026 · Hexcel (HXL) Q3 2026 earnings results →
Q3 2026 Revenue up 9% year over year to $496M · 8¢ of every $1 of revenue kept as net profit · operating margin 11.0%
Hexcel made $496M in Q3 2026 (+9% Y/Y): Commercial Aerospace Market Applications $330M, Space and Defense Market Applications $166M. Operating margin 11.0%, net earnings $38.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 21, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $496.4M in Q3 2026, up 9% year over year and down 6% from the previous quarter. Commercial Aerospace Market Applications was the largest line at 67% of revenue. Commercial Aerospace Market Applications added $56.1M year over year (up 20%), 140% of the total change. Space and Defense Market Applications declined 9%.
Gross margin was 23.3%, up 1.4 points from Q3 2025. Operating profit was $54.8M, a 11.0% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 8% margin then. Operating expenses fell 5% while revenue rose 9%. Net earnings were $38.6M, up 87% year over year. The effective tax rate was 9.6%.
Operating cash flow was $74.4M (down 32% year over year), 193% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $3.9M of share-based compensation. Capital expenditures of $23.7M left free cash flow of $50.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 21, 2026 | $496M | +9% | 11.0% | $38.6M | $74.4M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $529M | +8% | 13.7% | $49.3M | $77.7M |
| Q1 2026 | 10-Q | Apr 22, 2026 | $502M | +10% | 11.5% | $37.2M | $19.0M |
| Q4 2025 | 10-K | Feb 11, 2026 | $491M | +4% | 12.5% | $46.4M | $126M |
| Q3 2025 | 10-Q | Oct 22, 2025 | $456M | -0.1% | 7.9% | $20.6M | $110M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $490M | -2% | 6.1% | $13.5M | $23.3M |
| Q1 2025 | 10-Q | Apr 21, 2025 | $456M | -3% | 9.7% | $28.9M | −$28.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Sells to
About Hexcel
Hexcel Corporation is a global leader in advanced lightweight composites technology. We provide innovative, high-performance material solutions that are lighter, stronger, and tougher, shaping a world that moves farther, smarter, and more efficiently. Our broad and unrivaled product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core, and composite structures for use in commercial aerospace, defense and space, and industrial applications.
In its own words, from its 8-K, filed Jul 29, 2026.
Hexcel against its Plastic Materials, Synth Resins & Nonvulcan Elastomers peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +10%. Operating margin: 11.0% against the peers' median 9.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HXL Hexcel | Q3 2026 | $496M | +9% | 11.0% |
| DOW Chemical | Q2 2026 | $12.1B | +20% | 7.2% |
| DOW DOW | Q3 2026 | $11.3B | +13% | 5.7% |
| EMN Eastman Chemical | Q3 2026 | $2.4B | +8% | 10.4% |
| DD DuPont de Nemours | Q3 2026 | $1.9B | +4% | 12.5% |
| ALB Albemarle | Q3 2026 | $1.6B | +19% | 9.5% |
| AVNT Avient | Q3 2026 | $891M | +10% | 9.3% |
| TSEOQ Trinseo | Q2 2026 | $845M | +8% | 0.0% |
| ASIX AdvanSix | Q3 2026 | $431M | +15% | -2.6% |
Source: Hexcel 10-Q on SEC EDGAR · CIK 717605 · Plastic Materials, Synth Resins & Nonvulcan Elastomers
13F: who owns HXL and who is buying
More on HXL
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Hexcel gross margin by quarter
- Hexcel operating margin by quarter
- Hexcel net income by quarter
- Hexcel free cash flow by quarter
- Hexcel R&D spending by quarter
- Hexcel capital expenditures by quarter
- Hexcel Commercial Aerospace Market Applications revenue by quarter
- Hexcel Space and Defense Market Applications revenue by quarter