Filing Flows › Hexcel (HXL) › How it makes money
How Hexcel (HXL) makes money
Hexcel (HXL) made $496M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Commercial Aerospace Market Applications brought in $330M (67%); Space and Defense Market Applications brought in $166M (33%). Of every dollar of revenue, 23¢ was left as gross profit, 11¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commercial Aerospace Market Applications | $330M | 66.5% | -5% | +20% |
| Space and Defense Market Applications | $166M | 33.5% | -9% | -9% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $496M | 100.0% |
| Cost of revenue | $381M | 76.7% |
| Gross profit | $116M | 23.3% |
| Operating expenses | $60.7M | 12.2% |
| Operating profit | $54.8M | 11.0% |
| Income tax | $4.1M | 0.8% |
| Net earnings | $38.6M | 7.8% |
| Operating cash flow | $74.4M | 15.0% |
| Free cash flow | $50.7M | 10.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $496M | +9% |
| Q2 2026 | $529M | +8% |
| Q1 2026 | $502M | +10% |
| Q4 2025 | $491M | +4% |
| Q3 2025 | $456M | -0.1% |
| Q2 2025 | $490M | -2% |
| Q1 2025 | $456M | -3% |
From Hexcel's 10-Q filed Oct 21, 2026 (on EDGAR).
Questions
How does Hexcel make money?
Hexcel (HXL) made $496M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Commercial Aerospace Market Applications brought in $330M (67%); Space and Defense Market Applications brought in $166M (33%). Of every dollar of revenue, 23¢ was left as gross profit, 11¢ was left as operating profit, 8¢ was left as net earnings.
What is Hexcel's biggest business?
Commercial Aerospace Market Applications: $330M in the third quarter 2026, 67% of revenue, +20% from a year earlier.
What is Hexcel's profit margin?
Net earnings were $38.6M, 7.8% of revenue, in the third quarter 2026; the operating margin was 11.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.