Filing Flows › Hexcel (HXL) › Q2 2025
Hexcel (HXL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Hexcel (HXL) reported revenue of $490M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +7% from the quarter before. Operating margin was 6.1%, net earnings $13.5M (2.8% of revenue).
Hexcel, Q2 2025: revenue $490M (-2% year over year), operating margin 6.1%, net earnings $13.5M, operating cash flow $23.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $490M | +7% | -2% |
| Gross profit | $112M | +9% | -12% |
| Operating profit | $30.0M | -32% | -58% |
| Net earnings | $13.5M | -53% | -73% |
| Operating cash flow | $23.3M | — | -47% |
| Free cash flow | $8.0M | — | -62% |
What changed
Revenue was $489.9M in Q2 2025, down 2% year over year and up 7% from the previous quarter. Commercial Aerospace Market Applications was the largest line at 60% of revenue. Commercial Aerospace Market Applications lost $27.6M year over year (down 9%), 263% of the total change.
Gross margin was 22.8%, down 2.5 points from a year earlier. Operating profit was $30.0M, a 6.1% margin (down 8.2 points year over year). Operating expenses grew 49% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+12000%). Net earnings were $13.5M, down 73% year over year. The effective tax rate was 38.1%.
Operating cash flow was $23.3M (down 47% year over year), 173% of net earnings. Non-cash charges added back $30.8M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $23.7M. Capital expenditures of $15.3M left free cash flow of $8.0M.
Questions
What was Hexcel's revenue in the second quarter 2025?
Hexcel (HXL) reported revenue of $490M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +7% from the quarter before.
Was Hexcel profitable in the second quarter 2025?
Operating profit was $30.0M (6.1% of revenue) and net earnings $13.5M.
Source: Hexcel 10-Q on SEC EDGAR.