Hexcel Corporation (HXL) - Net Assets
Based on the latest financial reports, Hexcel Corporation (HXL) has net assets worth $1.25 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.70 Billion) and total liabilities ($1.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hexcel Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.25 Billion |
| % of Total Assets | 46.25% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | -15.81% |
| 10-Year Change | 0.47% |
| Growth Volatility | 56.59 |
Hexcel Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Hexcel Corporation's net assets have evolved over time, based on quarterly financial data. Also explore how large is Hexcel Corporation's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Hexcel Corporation (1985–2025)
The table below shows the annual net assets of Hexcel Corporation from 1985 to 2025. For live valuation and market cap data, see Hexcel Corporation (HXL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.25 Billion | -18.14% |
| 2024-12-31 | $1.53 Billion | -10.99% |
| 2023-12-31 | $1.72 Billion | +10.44% |
| 2022-12-31 | $1.55 Billion | +4.62% |
| 2021-12-31 | $1.49 Billion | -1.64% |
| 2020-12-31 | $1.51 Billion | +4.43% |
| 2019-12-31 | $1.45 Billion | +9.39% |
| 2018-12-31 | $1.32 Billion | -11.58% |
| 2017-12-31 | $1.50 Billion | +20.10% |
| 2016-12-31 | $1.24 Billion | +5.54% |
| 2015-12-31 | $1.18 Billion | +2.58% |
| 2014-12-31 | $1.15 Billion | -0.90% |
| 2013-12-31 | $1.16 Billion | +16.73% |
| 2012-12-31 | $994.10 Million | +23.92% |
| 2011-12-31 | $802.20 Million | +21.66% |
| 2010-12-31 | $659.40 Million | +14.56% |
| 2009-12-31 | $575.60 Million | +13.04% |
| 2008-12-31 | $509.20 Million | +19.08% |
| 2007-12-31 | $427.60 Million | +41.78% |
| 2006-12-31 | $301.60 Million | +44.24% |
| 2005-12-31 | $209.10 Million | +956.97% |
| 2004-12-31 | $-24.40 Million | +73.88% |
| 2003-12-31 | $-93.40 Million | +26.69% |
| 2002-12-31 | $-127.40 Million | +3.92% |
| 2001-12-31 | $-132.60 Million | -142.00% |
| 2000-12-31 | $315.70 Million | +16.88% |
| 1999-12-31 | $270.10 Million | -10.68% |
| 1998-12-31 | $302.40 Million | +21.01% |
| 1997-12-31 | $249.90 Million | +39.38% |
| 1996-12-31 | $179.30 Million | +270.45% |
| 1995-12-31 | $48.40 Million | +15.51% |
| 1994-12-31 | $41.90 Million | +101.44% |
| 1993-12-31 | $20.80 Million | -79.79% |
| 1992-12-31 | $102.90 Million | -26.87% |
| 1991-12-31 | $140.70 Million | +0.72% |
| 1990-12-31 | $139.70 Million | +5.67% |
| 1989-12-31 | $132.20 Million | +4.51% |
| 1988-12-31 | $126.50 Million | +10.48% |
| 1987-12-31 | $114.50 Million | +24.19% |
| 1986-12-31 | $92.20 Million | +28.59% |
| 1985-12-31 | $71.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hexcel Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5755.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.31 Billion | 184.46% |
| Common Stock | $1.10 Million | 0.09% |
| Other Comprehensive Income | $-12.90 Million | -1.03% |
| Total Equity | $1.25 Billion | 100.00% |
Hexcel Corporation Competitors by Market Cap
The table below lists competitors of Hexcel Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wayfair Inc
NYSE:W
|
$7.00 Billion |
|
NOV Inc.
NYSE:NOV
|
$7.00 Billion |
|
Corporacion Acciona Energias Renovables SA
MC:ANE
|
$7.01 Billion |
|
Vicor Corporation
NASDAQ:VICR
|
$7.01 Billion |
|
Enersys
NYSE:ENS
|
$7.00 Billion |
|
Middleby Corp
NASDAQ:MIDD
|
$7.00 Billion |
|
Paramount Global Class B
NASDAQ:PARA
|
$6.99 Billion |
|
Xinjiang Daqo New Energy Co Ltd
SHG:688303
|
$6.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hexcel Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,527,900,000 to 1,250,700,000, a change of -277,200,000 (-18.1%).
- Net income of 109,400,000 contributed positively to equity growth.
- Dividend payments of 53,900,000 reduced retained earnings.
- Share repurchases of 454,300,000 reduced equity.
- Other comprehensive income increased equity by 102,100,000.
- Other factors increased equity by 19,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $109.40 Million | +8.75% |
| Dividends Paid | $53.90 Million | -4.31% |
| Share Repurchases | $454.30 Million | -36.32% |
| Other Comprehensive Income | $102.10 Million | +8.16% |
| Other Changes | $19.50 Million | +1.56% |
| Total Change | $- | -18.14% |
Book Value vs Market Value Analysis
This analysis compares Hexcel Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.90x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.45x to 5.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $12.38 | $92.23 | x |
| 1986-12-31 | $14.60 | $92.23 | x |
| 1987-12-31 | $15.98 | $92.23 | x |
| 1988-12-31 | $17.21 | $92.23 | x |
| 1989-12-31 | $19.29 | $92.23 | x |
| 1990-12-31 | $20.01 | $92.23 | x |
| 1991-12-31 | $19.90 | $92.23 | x |
| 1992-12-31 | $14.14 | $92.23 | x |
| 1993-12-31 | $2.62 | $92.23 | x |
| 1994-12-31 | $5.73 | $92.23 | x |
| 1995-12-31 | $3.07 | $92.23 | x |
| 1996-12-31 | $5.42 | $92.23 | x |
| 1997-12-31 | $5.91 | $92.23 | x |
| 1998-12-31 | $6.62 | $92.23 | x |
| 1999-12-31 | $7.42 | $92.23 | x |
| 2000-12-31 | $6.91 | $92.23 | x |
| 2001-12-31 | $-3.53 | $92.23 | x |
| 2002-12-31 | $-3.32 | $92.23 | x |
| 2003-12-31 | $-2.42 | $92.23 | x |
| 2004-12-31 | $-0.26 | $92.23 | x |
| 2005-12-31 | $2.23 | $92.23 | x |
| 2006-12-31 | $3.16 | $92.23 | x |
| 2007-12-31 | $4.43 | $92.23 | x |
| 2008-12-31 | $5.22 | $92.23 | x |
| 2009-12-31 | $5.86 | $92.23 | x |
| 2010-12-31 | $6.60 | $92.23 | x |
| 2011-12-31 | $7.97 | $92.23 | x |
| 2012-12-31 | $9.75 | $92.23 | x |
| 2013-12-31 | $11.37 | $92.23 | x |
| 2014-12-31 | $11.65 | $92.23 | x |
| 2015-12-31 | $12.14 | $92.23 | x |
| 2016-12-31 | $13.22 | $92.23 | x |
| 2017-12-31 | $16.27 | $92.23 | x |
| 2018-12-31 | $14.85 | $92.23 | x |
| 2019-12-31 | $16.85 | $92.23 | x |
| 2020-12-31 | $17.98 | $92.23 | x |
| 2021-12-31 | $17.56 | $92.23 | x |
| 2022-12-31 | $18.28 | $92.23 | x |
| 2023-12-31 | $20.08 | $92.23 | x |
| 2024-12-31 | $18.41 | $92.23 | x |
| 2025-12-31 | $15.63 | $92.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hexcel Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.78%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.16x
- Recent ROE (8.75%) is above the historical average (-1.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.74% | 3.27% | 1.36x | 2.40x | $530.00K |
| 1986 | 10.52% | 3.34% | 1.29x | 2.44x | $480.00K |
| 1987 | 11.27% | 3.69% | 1.33x | 2.30x | $1.45 Million |
| 1988 | 12.73% | 4.03% | 1.28x | 2.47x | $3.45 Million |
| 1989 | 2.80% | 0.90% | 1.20x | 2.59x | $-9.52 Million |
| 1990 | 2.65% | 0.97% | 1.08x | 2.53x | $-10.27 Million |
| 1991 | 2.91% | 1.06% | 1.07x | 2.57x | $-9.97 Million |
| 1992 | -28.09% | -7.48% | 1.25x | 3.01x | $-39.19 Million |
| 1993 | -413.46% | -25.40% | 1.26x | 12.90x | $-88.08 Million |
| 1994 | -71.60% | -9.56% | 1.43x | 5.22x | $-34.19 Million |
| 1995 | 5.58% | 0.77% | 1.52x | 4.76x | $-2.14 Million |
| 1996 | -10.71% | -2.76% | 0.99x | 3.91x | $-37.13 Million |
| 1997 | 29.45% | 7.86% | 1.15x | 3.25x | $48.61 Million |
| 1998 | 16.67% | 4.63% | 0.78x | 4.64x | $20.16 Million |
| 1999 | -8.63% | -2.02% | 0.91x | 4.67x | $-50.31 Million |
| 2000 | 17.17% | 5.13% | 0.87x | 3.84x | $22.63 Million |
| 2001 | 0.00% | -42.97% | 1.28x | 0.00x | $-420.44 Million |
| 2002 | 0.00% | -1.60% | 1.20x | 0.00x | $-860.00K |
| 2003 | 0.00% | -1.24% | 1.24x | 0.00x | $-1.76 Million |
| 2004 | 0.00% | 2.68% | 1.38x | 0.00x | $31.24 Million |
| 2005 | 67.58% | 12.17% | 1.32x | 4.20x | $120.39 Million |
| 2006 | 21.85% | 5.52% | 1.18x | 3.36x | $35.74 Million |
| 2007 | 14.34% | 5.23% | 1.10x | 2.48x | $18.54 Million |
| 2008 | 21.84% | 8.39% | 1.09x | 2.38x | $60.28 Million |
| 2009 | 9.78% | 5.08% | 0.89x | 2.17x | $-1.26 Million |
| 2010 | 11.74% | 6.60% | 0.93x | 1.91x | $11.46 Million |
| 2011 | 16.89% | 9.73% | 1.01x | 1.72x | $55.28 Million |
| 2012 | 16.53% | 10.41% | 0.98x | 1.61x | $64.89 Million |
| 2013 | 16.19% | 11.20% | 0.91x | 1.58x | $71.86 Million |
| 2014 | 18.21% | 11.29% | 0.91x | 1.77x | $94.41 Million |
| 2015 | 20.11% | 12.74% | 0.85x | 1.85x | $119.24 Million |
| 2016 | 20.07% | 12.46% | 0.83x | 1.93x | $125.31 Million |
| 2017 | 19.00% | 14.39% | 0.71x | 1.86x | $134.49 Million |
| 2018 | 20.92% | 12.64% | 0.78x | 2.14x | $144.40 Million |
| 2019 | 21.20% | 13.02% | 0.75x | 2.16x | $161.99 Million |
| 2020 | 2.10% | 2.11% | 0.51x | 1.93x | $-119.32 Million |
| 2021 | 1.08% | 1.22% | 0.47x | 1.90x | $-132.45 Million |
| 2022 | 8.13% | 8.01% | 0.56x | 1.83x | $-29.12 Million |
| 2023 | 6.16% | 5.91% | 0.61x | 1.70x | $-65.95 Million |
| 2024 | 8.65% | 6.94% | 0.70x | 1.78x | $-20.69 Million |
| 2025 | 8.75% | 5.78% | 0.70x | 2.16x | $-15.67 Million |
Industry Comparison
This section compares Hexcel Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,547,050,294
- Average return on equity (ROE) among peers: 5.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hexcel Corporation (HXL) | $1.25 Billion | 10.74% | 1.16x | $7.00 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $3.99 Billion |
| AAR Corp (AIR) | $314.74 Million | 4.91% | 1.33x | $4.37 Billion |
| Air Industries Group (AIRI) | $2.28 Million | 23.68% | 14.08x | $14.96 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $203.46 Million |
| Astronics Corporation (ATRO) | $14.80 Million | 18.24% | 1.02x | $2.27 Billion |
| AeroVironment Inc (AVAV) | $612.11 Million | 3.81% | 0.52x | $9.09 Billion |
| Axon Enterprise Inc. (AXON) | $117.56 Million | -3.73% | 0.16x | $28.25 Billion |
| The Boeing Company (BA) | $8.79 Billion | 61.89% | 10.29x | $172.93 Billion |
| Beta Technologies, Inc. (BETA) | $1.82 Billion | -41.03% | 0.17x | $3.58 Billion |
| BWX Technologies Inc (BWXT) | $1.00 Billion | 22.70% | 1.83x | $19.82 Billion |
About Hexcel Corporation
Hexcel Corporation develops, manufactures, and markets advanced lightweight composites technology. It operates through two segments, Composite Materials and Engineered Products. The company offers carbon fiber, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, defense and space, and in… Read more