Hexcel Corporation (HXL) Stock

Hexcel Corporation (HXL) is a Materials stock trading at $93.84 (as of 2026-08-21), with a market capitalization of $7.08B and a trailing P/E of 49.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hexcel Corporation develops, manufactures, and markets structural materials and aircraft components for commercial aerospace, space and defense, and industrial markets. It operates in two segments: Composite Materials (including carbon fibers and related resin and reinforcement systems) and Engineered Products (including aircraft structures and finished components) sold to aircraft and industrial customers.

Understand Hexcel Corporation: how it makes money

Hexcel develops, manufactures, and markets structural materials, including carbon fibers, prepregs, honeycomb, and structural adhesives, sold into commercial aerospace, space and defense, and industrial customers.

Hexcel sells aircraft structural materials, and its operational metrics emphasize aircraft order activity (wide-body and narrowbody, including composite-rich wide-body orders), linking future demand for its materials to commercial aircraft program momentum.

Business quality (Mixed): Hexcel appears focused on aircraft-linked composite materials and engineered products, and while profitability is positive, investors should track aircraft order indicators and recognize that most net sales come from aerospace rather than industrial end markets.

Valuation: At 65× earnings, HXL trades 69% above the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

Aerospace is the main revenue base: In the provided mix, Commercial Aerospace Net Sales are 0.33B and Space and Defense Net Sales are 0.17B, together totaling the 0.5B Net Sales figure, while Industrial Net Sales are 0.03B.
Broad set of structural material offerings for aircraft: Hexcel manufactures and markets multiple aircraft materials used in military and commercial aircraft, including carbon fibers, fabrics and specialty reinforcements, prepregs, structural adhesives, and honeycomb.

Bear case

Limited industrial diversification in the provided mix: Industrial Net Sales are 0.03B versus 0.50B total Net Sales, so industrial demand may not be large enough to offset weakness elsewhere.
Order indicators are tracked by specific airline programs: Operational KPI labels reference Customer Aircraft Orders for Korean Air and Japan Airlines (75 total) and Composite-Rich Wide-Body Customer Aircraft Orders for those same customers (64), which may imply meaningful exposure to a narrower set of customer programs.

Valuation — source: SEC EDGAR (first-party)
Price	$93.84
Market Cap	$7.08B
P/E Ratio	49.1
EV / EBITDA	23.1
Price / Book	5.45
Price / Sales	3.56
FCF Yield	1.3%
DCF Value (model)	$5.27
DCF Upside vs Price	-94.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.89B
Net Margin	5.8%
Revenue Growth (YoY)	-0.5%
FCF Growth (YoY)	-22.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	5.22 (safe)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	49.1
Sector P/E (Materials)	25.9
Industry P/E (Chemicals)	31.1
vs Sector	89.3%
vs Industry	57.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.04B)
Institutional Holders Tracked	10
Congressional Trades (recent)	5

Company
Sector	Materials
Industry	Chemicals
CEO	Thomas C. Gentile
Employees	5,894
Country	US
IPO Date	1980-03-17

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.