Filing Flows › Hexcel (HXL) › Q3 2025
Hexcel (HXL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
Hexcel (HXL) reported revenue of $456M for the third quarter 2025 (Q3 2025), -0.1% from a year earlier and -7% from the quarter before. Operating margin was 7.9%, net earnings $20.6M (4.5% of revenue).
Hexcel, Q3 2025: revenue $456M (-0.1% year over year), operating margin 7.9%, net earnings $20.6M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $456M | -7% | -0.1% |
| Gross profit | $99.9M | -10% | -6% |
| Operating profit | $36.0M | +20% | -31% |
| Net earnings | $20.6M | +53% | -48% |
| Operating cash flow | $110M | +373% | +22% |
| Free cash flow | $96.5M | 12× | +32% |
What changed
Revenue was $456.2M in Q3 2025, roughly flat year over year and down 7% from the previous quarter. Commercial Aerospace Market Applications was the largest line at 60% of revenue. Commercial Aerospace Market Applications lost $21.7M year over year (down 7%), 7233% of the total change.
Gross margin was 21.9%, down 1.4 points from a year earlier. Operating profit was $36.0M, a 7.9% margin (down 3.6 points year over year). Operating expenses grew 18% against flat revenue. The fastest-growing cost line was Other operating costs (+2100%). Net earnings were $20.6M, down 48% year over year. The effective tax rate was 23.1%.
Operating cash flow was $110.2M (up 22% year over year), 535% of net earnings. Non-cash charges added back $30.9M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $57.7M. Capital expenditures of $13.7M left free cash flow of $96.5M.
Questions
What was Hexcel's revenue in the third quarter 2025?
Hexcel (HXL) reported revenue of $456M for the third quarter 2025 (Q3 2025), -0.1% from a year earlier and -7% from the quarter before.
Was Hexcel profitable in the third quarter 2025?
Operating profit was $36.0M (7.9% of revenue) and net earnings $20.6M.
Source: Hexcel 10-Q on SEC EDGAR.