Hexcel Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Hexcel Corporation (HXL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Composite Materials | – | – | – | $1.54B 86.5% | $1.62B 85.2% · +4.9% | $1.60B 84.4% · -1.6% |
| Engineered Products | – | – | – | $314.8M 17.6% | $373.2M 19.6% · +18.6% | $377.7M 20.0% · +1.2% |
| Corporate & Other and Intersegment Elimination | – | – | – | -$73.0M -4.1% | -$91.2M -4.8% · -24.9% | -$82.8M -4.4% · +9.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Composite Materials | $60.7M | $88.1M | $178.2M | $237.9M 15.4% | $215.0M 13.3% | $221.0M 13.9% |
| Engineered Products | $9.4M | $20.2M | $36.6M | – | $39.6M 10.6% | – |
| Corporate & Other and Intersegment Elimination | – | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Commercial Aerospace | $822.3M 54.7% | $668.2M 50.4% · -18.7% | $911.8M 57.8% · +36.5% | $1.07B 59.7% · +17.2% | $1.19B 62.8% · +11.8% | $1.15B 60.6% · -4.0% |
| Space & Defense | $448.5M 29.9% | $434.9M 32.8% · -3.0% | $465.2M 29.5% · +7.0% | $720.8M 40.3% · +54.9% | $708.8M 37.2% · -1.7% | $747.0M 39.4% · +5.4% |
| Industrial | $231.6M 15.4% | $221.6M 16.7% · -4.3% | $200.7M 12.7% · -9.4% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.