Hexcel Corporation (HXL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 154,900 | 117,800 | 157,900 | 22,000 | -29,300 |
| Revenue | US$ in thousands | 1,903,000 | 1,758,000 | 1,541,500 | 1,286,400 | 1,460,600 |
| Pretax margin | 8.14% | 6.70% | 10.24% | 1.71% | -2.01% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $154,900K ÷ $1,903,000K
= 8.14%
Hexcel Corporation's pretax margin has shown a positive trend over the years based on the provided data. The company had a negative pretax margin of -2.01% as of December 31, 2020, indicating a loss on its operating activities. However, there was a notable improvement in the following years.
By December 31, 2021, the pretax margin had turned positive at 1.71%, suggesting a better financial performance compared to the previous year. The company continued to enhance its profitability, with pretax margins increasing to 10.24% by December 31, 2022, which is a substantial improvement.
Although there was a slight decrease in pretax margin to 6.70% by December 31, 2023, the company managed to maintain a healthy level of profitability. By December 31, 2024, Hexcel Corporation further improved its pretax margin to 8.14%, indicating continued growth and efficiency in its operations.
Overall, the trend in Hexcel Corporation's pretax margin reflects the company's efforts to enhance operational efficiency and profitability over the years, with significant improvements from a negative margin to positive margins, demonstrating a positive trajectory in their financial performance.
Peer comparison
Dec 31, 2024