Hexcel Corporation (HXL)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	186,100	224,800	215,900	205,400	215,300	208,200	205,400	207,900	175,200	157,700	139,700	92,100	51,800	8,400	-52,000	-61,800	14,100	131,900	279,400	388,100
Revenue (ttm)	US$ in thousands	1,888,400	1,867,500	1,822,700	1,775,500	1,758,000	1,725,300	1,669,300	1,608,300	1,541,500	1,472,400	1,441,000	1,367,900	1,286,400	1,231,100	1,184,000	1,241,000	1,470,000	1,738,500	2,022,800	2,251,900
Operating profit margin		9.85%	12.04%	11.85%	11.57%	12.25%	12.07%	12.30%	12.93%	11.37%	10.71%	9.69%	6.73%	4.03%	0.68%	-4.39%	-4.98%	0.96%	7.59%	13.81%	17.23%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $186,100K ÷ $1,888,400K
= 9.85%

Hexcel Corporation's operating profit margin has shown fluctuations over the reported periods. Starting from March 31, 2020, the margin stood at 17.23% and gradually decreased to 0.96% by December 31, 2020. Thereafter, the margin turned negative in the first half of 2021, indicating a loss on operations during these periods.

However, from March 31, 2022, the operating profit margin began to recover, increasing to 12.93% by March 31, 2023. The margin remained relatively stable in the range of 11% to 12% from June 30, 2023, to September 30, 2024, showcasing a consistent level of profitability in the latter periods.

The gradual improvement in the operating profit margin from 2022 onwards suggests that Hexcel Corporation implemented strategies to enhance operational efficiency and profitability during these periods. Overall, a positive trend in the operating profit margin indicates the company's ability to generate profits from its core business activities.