Hexcel Corporation (HXL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 154,900 | 125,500 | 119,500 | 109,800 | 117,800 | 190,800 | 186,400 | 189,800 | 157,900 | 139,900 | 120,400 | 69,200 | 25,200 | -32,900 | -94,200 | -105,000 | -29,300 | 90,000 | 235,700 | 344,800 |
| 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 |
| Pretax margin | 8.20% | 6.72% | 6.56% | 6.18% | 6.70% | 11.06% | 11.17% | 11.80% | 10.24% | 9.50% | 8.36% | 5.06% | 1.96% | -2.67% | -7.96% | -8.46% | -1.99% | 5.18% | 11.65% | 15.31% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $154,900K ÷ $1,888,400K
= 8.20%
Hexcel Corporation's pretax margin has shown fluctuations over the past few years. Starting from a positive 15.31% in March 2020, the pretax margin declined to 11.65% in June 2020, 5.18% in September 2020, and even turned negative at -1.99% by December 2020. The negative trend continued into March 2021 (-8.46%) and June 2021 (-7.96%) before showing signs of improvement.
From September 2021 onwards, the pretax margin started to recover, increasing to -2.67% in September 2021 and turning positive at 1.96% by December 2021. The positive momentum continued into 2022, with the pretax margin rising to 5.06% in March, 8.36% in June, and 9.50% in September. By December 2022, the pretax margin further improved to 10.24%.
In the following year, the trend continued to be positive, with the pretax margin reaching 11.80% in March 2023 and maintaining levels above 10% until September 2023. However, a slight dip was observed in the last quarter of 2023, with a pretax margin of 6.70%. The trend continued into 2024, with the pretax margin fluctuating between 6.18% and 8.20%. Overall, despite fluctuations, Hexcel Corporation has shown a general upward trend in pretax margin from 2021 to 2024.
Peer comparison
Dec 31, 2024