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Trinseo vs Hexcel: TSEOQ and HXL compared
Trinseo is the larger company: $845M of revenue in its latest quarter (Q2 2026) against $496M for Hexcel (Q3 2026). Hexcel is growing faster (+9% against +8% a year earlier). Hexcel is more profitable, with an operating margin of 11.0% against 0.0%.
Where the money goes: TSEOQ and HXL
Trinseo (TSEOQ) · Q2 2026
Trinseo, Q2 2026: revenue $845M (+8% year over year), operating margin 0.0%, net loss $120M, operating cash flow −$115M. The chart follows the revenue to costs, profit and cash.
Hexcel (HXL) · Q3 2026
Hexcel, Q3 2026: revenue $496M (+9% year over year), operating margin 11.0%, net earnings $38.6M, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
| Trinseo (TSEOQ) | Hexcel (HXL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $845M | $496M |
| Revenue growth, Y/Y | +8% | +9% |
| Gross margin | — | 23.3% |
| Operating margin | 0.0% | 11.0% |
| Net earnings | −$120M | $38.6M |
| Net margin | -14.1% | 7.8% |
| Operating cash flow | −$115M | $74.4M |
| Free cash flow | — | $50.7M |
| Market value | — | $6.2B |
| P/E | — | 36.0× |
| Analysts’ mean target | — | $98.87 |
Where the revenue comes from
Trinseo
- Polymer Solutions: $306M (36%)
- Engineered Materials: $292M (34%)
- Latex Binders: $248M (29%)
Hexcel
- Commercial Aerospace Market Applications: $330M (67%)
- Space and Defense Market Applications: $166M (33%)
Questions
Which is bigger, Trinseo or Hexcel?
Trinseo is the larger company: $845M of revenue in its latest quarter (Q2 2026) against $496M for Hexcel (Q3 2026).
Is Trinseo or Hexcel growing faster?
Hexcel is growing faster (+9% against +8% a year earlier).
Which is more profitable, Trinseo or Hexcel?
Hexcel is more profitable, with an operating margin of 11.0% against 0.0%.
More: Trinseo earnings · how Trinseo makes money · Hexcel earnings · how Hexcel makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.