Hexcel Corporation (HXL)
Gross profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Gross profit | US$ in thousands | 433,200 | 357,100 | 250,100 | 239,700 | 640,400 |
Revenue | US$ in thousands | 1,758,000 | 1,541,500 | 1,286,400 | 1,460,600 | 2,310,200 |
Gross profit margin | 24.64% | 23.17% | 19.44% | 16.41% | 27.72% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $433,200K ÷ $1,758,000K
= 24.64%
The gross profit margin of Hexcel Corp. has shown a fluctuating trend over the past five years, ranging from 15.95% in 2020 to 27.19% in 2019. The company experienced a significant increase in gross profit margin in 2019, followed by a decline in the subsequent years. In 2021, the gross profit margin was 18.88%, slightly lower than the previous year. However, there was a notable improvement in 2022 when the margin increased to 22.63%. This positive momentum continued in 2023, with the gross profit margin reaching 24.21%, reflecting an upward trend in profitability. Overall, Hexcel Corp.'s gross profit margin has demonstrated variability but has shown signs of improvement in recent years.
Peer comparison
Dec 31, 2023