Filing Flows › Hexcel (HXL) › Q4 2025
Hexcel (HXL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Hexcel (HXL) reported revenue of $491M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +8% from the quarter before. Operating margin was 12.5%, net earnings $46.4M (9.4% of revenue).
Hexcel, Q4 2025: revenue $491M (+4% year over year), operating margin 12.5%, net earnings $46.4M, operating cash flow $126M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $491M | +8% | +4% |
| Gross profit | $121M | +21% | +2% |
| Operating profit | $61.4M | +71% | +590% |
| Net earnings | $46.4M | +125% | +700% |
| Operating cash flow | $126M | +14% | -23% |
| Free cash flow | $107M | +11% | -25% |
What changed
Revenue was $491.3M in Q4 2025, up 4% year over year and up 8% from the previous quarter. Commercial Aerospace Market Applications was the largest line at 61% of revenue.
Gross margin was 24.6%, down 0.4 points from a year earlier. Operating profit was $61.4M, a 12.5% margin (up 10.6 points year over year). Of the extra revenue versus a year earlier, 300% reached operating profit, above the 2% margin then. Operating expenses fell 46% while revenue rose 4%. Net earnings were $46.4M, up 700% year over year. The effective tax rate was 7.9%.
Operating cash flow was $125.5M (down 23% year over year), 270% of net earnings. Non-cash charges added back $30.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $47.3M. Capital expenditures of $18.2M left free cash flow of $107.3M.
Questions
What was Hexcel's revenue in the fourth quarter 2025?
Hexcel (HXL) reported revenue of $491M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +8% from the quarter before.
Was Hexcel profitable in the fourth quarter 2025?
Operating profit was $61.4M (12.5% of revenue) and net earnings $46.4M.
Source: Hexcel 10-K on SEC EDGAR.