Filing Flows › Hexcel (HXL) › Q3 2026 › vs Q3 2025
Hexcel (HXL) Q3 2026 vs Q3 2025 (year over year)
Hexcel's revenue rose $40.2M (+9%) from $456M in Q3 2025 to $496M in Q3 2026. The biggest changes: Commercial Aerospace Market Applications +$56.1M (+20%); Space and Defense Market Applications −$15.9M (-9%). Gross margin 23.3% against 21.9% (+1.4 pts).
Hexcel, Q3 2026: revenue $496M (+9% year over year), operating margin 11.0%, net earnings $38.6M, operating cash flow $74.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 23.3% | 21.9% | +1.4 pts |
| Operating margin | 11.0% | 7.9% | +3.1 pts |
| Net margin | 7.8% | 4.5% | +3.3 pts |
| Free cash flow margin | 10.2% | 21.2% | -10.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commercial Aerospace Market Applications | $330M | $274M | $56.1M | +20% |
| Space and Defense Market Applications | $166M | $182M | −$15.9M | -9% |
| Revenue | $496M | $456M | $40.2M | +9% |
| Gross profit | $116M | $99.9M | $15.6M | +16% |
| Cost of revenue | $381M | $356M | $24.6M | +7% |
| Operating profit | $54.8M | $36.0M | $18.8M | +52% |
| Operating expenses | $60.7M | $63.9M | −$3.2M | -5% |
| Pre-tax earnings | $42.7M | $26.8M | $15.9M | +59% |
| Other expense, net | $12.1M | $9.2M | $2.9M | +32% |
| Net earnings | $38.6M | $20.6M | $18.0M | +87% |
| Income tax | $4.1M | $6.2M | −$2.1M | -34% |
| Depreciation & amortization | $30.0M | $30.9M | −$900K | -3% |
| Share-based compensation | $3.9M | $1.0M | $2.9M | +290% |
| Working capital & other | $1.9M | $57.7M | −$55.8M | -97% |
| Operating cash flow | $74.4M | $110M | −$35.8M | -32% |
| Free cash flow (OCF − capex) | $50.7M | $96.5M | −$45.8M | -47% |
| Capital expenditures | $23.7M | $13.7M | $10.0M | +73% |
Questions
How much did Hexcel's revenue grow year over year in Q3 2026?
Hexcel's revenue rose $40.2M (+9%) from $456M in Q3 2025 to $496M in Q3 2026.
What drove Hexcel's revenue change in Q3 2026?
Commercial Aerospace Market Applications +$56.1M (+20%); Space and Defense Market Applications −$15.9M (-9%).