Hexcel Corp. /DE/ (HXL) intrinsic value & 10-year financials

Hexcel Corp. /DE/ (HXL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 0.6% a year to $1.9B, with an average return on invested capital of 8.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$90.22
Market cap
$7.2B
Revenue (FY2025)
$1.9B
Revenue growth (10-yr CAGR)
-0.6%
ROIC (10-yr avg)
8.8%
Free cash flow (FY2025)
$157.2M

HXL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.9B $109.4M — $157.2M 9.1% 6.5%
FY2024 $1.9B $132.1M — $202.9M 9.8% 7.4%
FY2023 $1.8B $105.7M — $148.9M 12.0% 8.9%
FY2022 $1.6B $126.3M — $96.8M 11.1% 6.4%
FY2021 $1.3B $16.1M — $123.8M 3.9% 1.7%
FY2020 $1.5B $31.7M — $213.7M 0.9% 0.3%
FY2019 $2.4B $306.6M — $287.0M 18.0% 14.5%
FY2018 $2.2B $276.6M — $237.3M 17.0% 13.5%
FY2017 $2.0B $284.0M — $150.6M 17.8% 14.7%
FY2016 $2.0B $249.8M — $73.5M 18.0% 13.9%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

HEXCEL CORP /DE/ is facing top-line stagnation, with revenue contracting over the decade.

HEXCEL CORP /DE/ returns on capital have been average, hovering around 8.8% ROIC over the decade.

Over the decade, HEXCEL CORP /DE/ shows that management has aggressively returned capital to shareholders by retiring 15.1% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, HEXCEL CORP /DE/ is modeled at -7.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-6.70 per share.

HXL stock: frequently asked questions

How fast has Hexcel Corp. /DE/ grown?

Revenue went from $2.0B in fiscal 2016 to $1.9B in fiscal 2025, a compound annual growth rate of -0.6%. Net income was $109.4M in fiscal 2025.

Does Hexcel Corp. /DE/ generate free cash flow?

Hexcel Corp. /DE/ generated $157.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is HXL's return on invested capital?

Average ROIC over the last 10 fiscal years was 8.8%, and average return on equity was 11.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HXL data come from?

From Hexcel Corp. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Jul 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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