HXL
Hexcel Corporation

Hexcel CorporationHXL

Industrials · Aerospace & Defense
80.40USD
-0.27%
Nov 08, 2026
HXL overview ready
Supplier of aerospace-qualified advanced composite materials and structures
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.
Primary theme is improving
Commercial Aerospace is improving (+6.0pp vs SPY over 21 sessions; 11 of 17 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Cyclicality of aerospace and defense markets.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 18

Conviction Level

PriceAction3.4BusinessPerformance7.0BusinessQuality7.0Valuation4.0ThemeMomentum7.0Improving — Revenue is growing at a steady pace (+8.8% year over year). No comparable quarterly EPS is available; net income moved +87% year over year to $38.6M. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+6.0pp
Theme return
+1.0%
Beating SPY
11 of 17
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$6.1B
Avg Volume (60D)
1.2M
60 sessions
Revenue Growth YoY
-0.5%
FY2025 vs FY2024
Gross Margin
+25.2%
Trailing twelve months
Operating Margin
+12.2%
Trailing twelve months
Free Cash Flow Yield
+3.4%
Distance from 200DMA
-10.9%
Next Earnings
2027-01-27
P/E
36.1x
EV / EBITDA
18.9x
EV / Sales
3.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+8.8% year over year). No comparable quarterly EPS is available; net income moved +87% year over year to $38.6M.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+8.8%
$496M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +3.7%
  2. +9.9%
  3. +8.0%
  4. +8.8%
Earnings growthGrowing
+87%
Net income $38.6M. No comparable quarterly EPS is available.
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginExpanding
11.0%
+3.1 pp YoY · gross margin 23.3% (+1.4 pp)

Business Quality

7.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Hexcel Corporation has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.

What changed

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.

Economic classification

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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 through transactional sales of composite materials and engineered composite structures to aerospace and defense OEMs and industrial customers.

Products & services
Carbon fiber
Prepregs
Resin systems
Honeycomb core
Engineered composite structures
Customers & end markets
Commercial aerospace OEMs
Defense and space contractors
Industrial manufacturers
Market position

Hexcel is a leading supplier of aerospace-qualified advanced composite materials and structures.

Demand drivers
High cyclicality

Demand is closely tied to aerospace production cycles and defense spending, which are cyclical and sensitive to economic conditions.

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