Hexcel (FRA:HXL) Gross Profit : €391 Mil (TTM As of Mar. 2024)

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What is Hexcel Gross Profit?

Hexcel's gross profit for the three months ended in Mar. 2024 was €109 Mil. Hexcel's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was €391 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Hexcel's gross profit for the three months ended in Mar. 2024 was €109 Mil. Hexcel's Revenue for the three months ended in Mar. 2024 was €435 Mil. Therefore, Hexcel's Gross Margin % for the quarter that ended in Mar. 2024 was 25.03%.

Hexcel had a gross margin of 25.03% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Hexcel was 28.63%. The lowest was 15.95%. And the median was 26.86%.

Warning Sign:

Hexcel Corp gross margin has been in long-term decline. The average rate of decline per year is -2.4%.

Hexcel Gross Profit Historical Data

The historical data trend for Hexcel's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hexcel Gross Profit Chart

Hexcel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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576.36

197.03

221.34

337.10

397.24

Hexcel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															119.27	102.27	85.83	94.54	108.74

Competitive Comparison of Hexcel's Gross Profit

For the Aerospace & Defense subindustry, Hexcel's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hexcel's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hexcel's Gross Profit distribution charts can be found below:

* The bar in red indicates where Hexcel's Gross Profit falls into.

Hexcel Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Hexcel's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1640.513	-	1243.269
	=	397

Hexcel's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	434.516	-	325.772
	=	109

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €391 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Hexcel's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	109	/	434.516
	=	25.03 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Hexcel (FRA:HXL) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Hexcel had a gross margin of 25.03% for the quarter that ended in Mar. 2024 => Competition eroding margins

Hexcel Gross Profit Related Terms

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Hexcel (FRA:HXL) Business Description

Industry

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Comparable Companies

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HXL:USA

Address

281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website

https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.