Hexcel Corporation (HXL)

Pretax margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before tax but after interest (EBT) US$ in thousands 117,800 157,900 22,000 -29,300 383,400
Revenue US$ in thousands 1,758,000 1,541,500 1,286,400 1,460,600 2,310,200
Pretax margin 6.70% 10.24% 1.71% -2.01% 16.60%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $117,800K ÷ $1,758,000K
= 6.70%

The pretax margin of Hexcel Corp. has varied over the past five years. In 2023, the pretax margin decreased to 6.58% from 10.01% in 2022. This decline suggests that the company's profitability before taxes decreased in 2023 compared to the previous year. In 2021, Hexcel Corp. had a pretax margin of 1.66%, indicating a slight improvement from the negative pretax margin of -1.95% in 2020. The significant increase in pretax margin to 16.28% in 2019 reflects a strong profitability performance that year. Overall, the trend in pretax margin for Hexcel Corp. shows fluctuations, indicating varying levels of profitability over the analyzed period.


Peer comparison

Dec 31, 2023