HXLNYSEPlastic Materials, Synth Resins & Nonvulcan ElastomersUS GAAP · USD

Hexcel Corporation

Hexcel Corp. makes advanced composite materials and engineered composite products used to reduce weight and improve performance in aircraft and other demanding applications. Its portfolio spans carbon fiber, prepregs, resin systems, honeycomb, pultruded profiles, and composite structures sold mainly into commercial aerospace, defense and space, and selected industrial markets.

Kysy yhtiöstä
Liikevaihto1 894milj. USD
−0,5 %v/v
Liikevoitto (EBIT)172milj. USD
−7,8 %v/v
EBIT-marginaali9,1%
−0,7 %-yks.v/v
Nettotulos109milj. USD
−17,2 %v/v
Vapaa kassavirta157milj. USD
−22,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50005001 0001 5002 000milj. USD2020: 296 milj. USD2020: EBIT −20 milj. USD20202021: 1 325 milj. USD2021: EBIT 52 milj. USD20212022: 1 578 milj. USD2022: EBIT 175 milj. USD20222023: 1 789 milj. USD2023: EBIT 215 milj. USD20232024: 1 903 milj. USD2024: EBIT 186 milj. USD20242025: 1 894 milj. USD2025: EBIT 172 milj. USD20251 894172
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Hexcel Corporation

Liiketoiminta

Osuus liikevaihdosta
Composite Materials80 %

Carbon fiber, reinforcements, resin systems, prepregs, honeycomb core, and pultruded profiles.

Engineered Products20 %

Composite structures, engineered core, machined honeycomb, and RF/EMI materials.

Tuotteet

Raportoitu · osuus liikevaihdosta
60,6%39,4%FY2025100 %
  • Commercial Aerospace Market Applications60,6 %
  • Space and Defense Market Applications39,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Hexcel sells primarily to aerospace OEMs, tier suppliers, and defense contractors that need lightweight, high-strength materials for flight-critical parts. Airbus and Boeing are the most important customers, while other buyers include major aerospace and defense names such as Lockheed Martin, RTX, Northrop Grumman, Safran, Dassault, Embraer, and GKN. Industrial customers are smaller in mix and include applications such as wind, automotive, and recreation.

Commercial Aerospace OEMs and subcontractors

Airbus, Boeing, and their subcontractors buy composite materials and structures for airframes and related components because weight savings and fuel efficiency are critical.

Defense, space and military programs

Defense primes and government-linked programs buy composite materials for rotorcraft, fighter aircraft, space systems, and missile-related applications.

Aerospace tier suppliers

Suppliers such as Daher, GKN, FACC, Safran, and Aernnova buy materials and engineered products to support OEM production schedules.

Industrial end markets

Customers in wind, automotive, and recreation buy pultruded profiles and composite materials for lightweight structural uses.

Strategia

Hexcel is focused on core advanced composite technologies for aerospace and defense, with management emphasizing product qualification, customer program content, and operational simplification. Recent actions include divesting non-core operations, closing a facility, and streamlining the portfolio to concentrate on carbon fiber composites and higher-value applications. The company also seeks to protect margins through pricing actions, alternative sourcing, and capacity and product qualification discipline.

Portfolio simplificationLyhyt aikaväli

Management is exiting non-core activities to focus resources on core composite competencies.

Commercial aerospace recovery captureKeskipitkä aikaväli

Aircraft production ramps drive demand for prepregs, fibers, and structures.

Defense and space program growthKeskipitkä aikaväli

Defense work diversifies demand and can offset commercial aerospace cyclicality.

Maantiede

Hexcel operates a global manufacturing and sales footprint across the Americas, Europe, Asia Pacific, India, and Africa. The company’s production base is especially concentrated in the U.S. and Western Europe, with facilities in Arizona, Alabama, Texas, Utah, Washington, Massachusetts, Pennsylvania, France, Spain, England, Germany, and Morocco. This footprint supports local supply to aerospace customers but also exposes the company to tariffs, export controls, sanctions, and cross-border logistics disruptions.

Riskit

Hexcel is exposed to customer concentration, aerospace cycle swings, and defense budget variability because a large share of sales is tied to a small number of aircraft and military programs. The company also faces trade, tariff, and sanctions risk, plus supply-chain and logistics disruptions that can raise input costs and delay deliveries. Divestitures, facility closures, and litigation or environmental claims add execution and contingency risk.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration at Airbus and Boeing1Commercial aerospace production delays2Defense and space budget volatility3Tariffs, sanctions, and trade restrictions4Execution risk from restructuring and divestitures5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentration at Airbus and BoeingVaikutus: KriittinenTodennäköisyys: Korkea

    A large portion of revenue depends on a few OEM programs and their subcontractors.

    Kohdistuu: Approximately 39% of 2025 sales to Airbus and 13% to Boeing

  2. Commercial aerospace production delaysVaikutus: KorkeaTodennäköisyys: Korkea

    Hexcel’s materials are tied to aircraft build rates, so slower ramps reduce demand.

    Kohdistuu: Boeing 787/MAX and Airbus A350 production timing

  3. Defense and space budget volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Military and space programs depend on government spending and procurement decisions.

    KohdistuuDefenseSpace & Other market
  4. Tariffs, sanctions, and trade restrictionsVaikutus: KeskitasoTodennäköisyys: Korkea

    The company sources and sells globally, so trade barriers can raise costs and limit access.

    Kohdistuu: International manufacturing and cross-border supply chain

  5. Execution risk from restructuring and divestituresVaikutus: KeskitasoTodennäköisyys: Matala

    Portfolio changes can reduce revenue, create one-time costs, and distract management.

    KohdistuuAustria divestitureBelgium closureHartford sale
Kysy Clarifolta: Hexcel Corporation

Kirjanpito

Harkinnanvaraiset erät
Contingent liabilities and environmental accruals

Management estimates liabilities using legal and engineering judgments that can change over time.

Vaikutus: Can affect operating expense and cash outflows

Non-GAAP operating income adjustments

The company excludes certain operating and non-operating items to show underlying performance.

Vaikutus: Affects margin comparability across periods

Lease accounting

Manufacturing and office sites are leased, so lease terms affect reported assets and liabilities.

Vaikutus: Influences balance sheet leverage and operating costs

Divestiture and closure accounting

Facility exits require gain/loss recognition, severance, and asset disposal judgments.

Vaikutus: Can create one-time charges and distort trend analysis

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026