HXL
Hexcel Corporation

Hexcel CorporationHXL

Industrials · Aerospace & Defense
85.98USD
-1.10%
Sep 23, 2026
HXL overview ready
Direct supplier of aerospace-qualified carbon fiber, prepregs, resin systems, honeycomb core, engineered core, and composite structures used in commercial aircraft, defense, and space platforms.
Narrative not measured
Commercial Aerospace Production Recovery and Fleet RenewalAdvanced Composite Aerospace Materials and StructuresComponent supplier
No clear price read
Longer-term context reads near trend floor, with a near-term setup of distribution pressure.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Unremarkable fundamentals
Primary risk
Cyclicality of aerospace and defense markets.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 18

Conviction Level

NarrativeHeatThemeHeat6.4PriceAction6.0Valuation3.2CompanyPosition7.3
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads near trend floor, with a near-term setup of distribution pressure.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$6.5B
Avg Volume (60D)
894.6K
60 sessions
Revenue Growth YoY
-0.5%
FY2025 vs FY2024
Gross Margin
+25.0%
Trailing twelve months
Operating Margin
+11.5%
Trailing twelve months
Free Cash Flow Yield
+3.9%
Distance from 200DMA
-3.6%
Next Earnings
2026-10-21
P/E
42.4x
EV / EBITDA
21.2x
EV / Sales
3.7x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; peers is the dissenting view.
Hexcel Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 3.9% free-cash-flow yield and 21.2x EBITDA, which require sustained delivery to be justified.

Company Research

Thesis
Direct supplier of aerospace-qualified carbon fiber, prepregs, resin systems, honeycomb core, engineered core, and composite structures used in commercial aircraft, defense, and space platforms. HXL has a direct, material revenue linkage to commercial-aircraft build rates rather than a generic aerospace adjacency.
Opportunity
Moderate opportunity
Aerospace OEM production-rate recovery, aircraft replacement demand, and fuel-efficiency requirements drive demand for qualified lightweight composite material systems and composite aerostructures across commercial aircraft programs.
Key risk
Cyclicality of aerospace and defense markets.

Narrative & Theme

Commercial Aerospace Production Recovery and Fleet Renewal
Part of Advanced Composite Aerospace Materials and Structures, with strong fit.
HXL has a direct, material revenue linkage to commercial-aircraft build rates rather than a generic aerospace adjacency.
Narrative HeatUnavailable
Theme HeatNeutral6.4 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Aerospace & Defense
What they do

Hexcel Corporation develops, manufactures, and markets advanced lightweight composite materials and engineered products primarily for aerospace, defense, space, and industrial applications through its Composite Materials and Engineered Products segments.

How it earns

The company generates revenue primarily through transactional sales of composite materials and engineered products to commercial and defense customers.

Products & services
Carbon fiber
Prepregs
Honeycomb
Resins
Engineered core
Composite structures
Customers & end markets
Commercial aerospace manufacturers
Defense and space contractors
Industrial manufacturers
Market position

Hexcel is a leading supplier in advanced composite materials for aerospace and defense markets.

Demand drivers
High cyclicality

The company’s end markets, especially commercial aerospace, are sensitive to economic cycles and defense spending fluctuations.