HXL FINANCIAL STATEMENTS

Hexcel Corporation — balance sheet, income statement and cash flow trends

HXLHexcel Corporation

🇺🇸 USA · NYSE · Industrials · Aerospace & Defense

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue1.9 B $+2.4%

Gross Profit456.3 M $+0.5%

Operating Income184.1 M $+3.8%

EBITDA307.9 M $+2.7%

Net Income117.7 M $-5.5%

Peer Comparison· Aerospace & Defense

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
HXL	2.4%	23.6%	15.9%	6.1%
CAE	4.4%	28.3%	20.6%	6.4%
BBD-B	7.8%	19.5%	16.9%	9.7%
MTX	-1.0%	19.9%	18.3%	13.7%
KOG	-10.6%	—	—	16.2%
SAAB-B	26.3%	21.7%	13.4%	7.9%
Industry median	12.2%	24.2%	13.1%	6.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
HXL	2.4%	23.6%	15.9%	6.1%
MRCY	9.0%	27.7%	9.1%	-1.5%
VSEC	24.1%	12.2%	12.0%	5.3%
AVAV	140.9%	22.7%	-0.3%	-13.4%
KTOS	21.8%	21.8%	7.7%	2.1%
SARO	15.0%	14.3%	12.1%	4.7%
Industry median	12.2%	24.2%	13.1%	6.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity1.3 B $46%
Current Liabilities313.7 M $12%
Long-term Liabilities1.1 B $42%

Key Figures

YoY change

Total Assets2.7 B $-2.0%

Total Liabilities1.5 B $+16.9%

Total Equity1.3 B $-17.4%

Cash & ST Investments54.1 M $-39.3%

Total Debt998.1 M $+26.8%

Net Debt944 M $+35.2%

Peer Comparison· Aerospace & Defense

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
HXL	2.45	78.8%	3.07	46.5%
CAE	0.96	61.0%	2.64	47.6%
BBD-B	1.16	-528.1%	1.96	-6.7%
MTX	1.44	56.3%	0.04	32.6%
KOG	1.20	—	—	28.3%
SAAB-B	1.28	32.3%	0.03	35.9%
Industry median	1.75	48.4%	0.88	44.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
HXL	2.45	78.8%	3.07	46.5%
MRCY	3.19	44.3%	3.65	59.6%
VSEC	8.78	15.1%	-5.92	80.5%
AVAV	4.30	19.0%	-33.52	77.0%
KTOS	5.63	5.4%	-11.73	84.3%
SARO	2.12	91.2%	3.12	40.1%
Industry median	1.75	48.4%	0.88	44.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow278 M $+3.6%

Capital Expenditures62.2 M $-26.3%

Free Cash Flow251.2 M $+36.5%

Dividends Paid-53.8 M $-206.5%

Peer Comparison· Aerospace & Defense

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
HXL	14.4%	13.0%	3.2%	236.2%
CAE	15.5%	9.4%	6.1%	242.8%
BBD-B	20.7%	19.0%	1.8%	212.5%
MTX	7.8%	4.6%	3.2%	56.9%
KOG	42.2%	13.4%	12.4%	261.1%
SAAB-B	15.4%	6.6%	8.8%	196.1%
Industry median	11.1%	5.8%	3.8%	110.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
HXL	14.4%	13.0%	3.2%	236.2%
MRCY	9.8%	7.3%	2.6%	-674.8%
VSEC	1.0%	-1.1%	2.1%	18.1%
AVAV	-4.0%	-6.2%	4.6%	29.6%
KTOS	-2.9%	-9.5%	6.5%	-140.8%
SARO	3.5%	2.1%	1.4%	75.1%
Industry median	11.1%	5.8%	3.8%	110.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.