Demonstrações financeiras detalhadas de Hexcel Corporation (HXL): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Hexcel Corporation registou receitas de $1.89B no último exercício, com um CAGR de 5 anos de 4.7%. O lucro líquido atingiu $109.4M, com CAGR de 5 anos de 28.1%.
Margens dos últimos 12 meses: margem bruta 24.5%, margem operacional 11.5%, margem líquida 7.8%. O fluxo de caixa livre cresceu a CAGR de 7.5% em 5 anos.
Ao preço atual de $91.08, HXL negocia a um P/L de 45.68 e um ROE de 11.41%. A capitalização de mercado é de $6.9B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $2.00B | $1.97B | $2.19B | $2.36B | $1.50B | $1.32B | $1.58B | $1.79B | $1.90B | $1.89B |
| Custo da Receita | $1.44B | $1.42B | $1.61B | $1.72B | $1.26B | $1.07B | $1.22B | $1.36B | $1.43B | $1.46B |
| Lucro Bruto | $564.6M | $551.8M | $580.8M | $640.4M | $239.7M | $250.1M | $357.1M | $433.2M | $469.8M | $434.8M |
| P&D | $46.9M | $49.4M | $55.9M | $56.5M | $46.6M | $45.1M | $45.8M | $52.7M | $57.1M | $56.4M |
| Despesas Gerais e Administrativas | $157.6M | $151.8M | $146.0M | $158.7M | $121.1M | $135.0M | $148.0M | $163.8M | $176.6M | $169.0M |
| Despesas Operacionais | $204.5M | $201.2M | $209.6M | $215.2M | $225.6M | $198.3M | $181.9M | $217.9M | $283.7M | $263.2M |
| Lucro Operacional | $360.1M | $350.6M | $371.2M | $425.2M | $14.1M | $51.8M | $175.2M | $215.3M | $186.1M | $171.6M |
| EBITDA | $453.3M | $455.1M | $371.2M | $566.9M | $155.0M | $198.3M | $312.2M | $268.5M | $360.1M | $295.0M |
| Despesas com Juros | $22.1M | $27.4M | $37.7M | $45.5M | $41.8M | $38.3M | $36.2M | $34.0M | $31.2M | $37.7M |
| Lucro Antes de Impostos | $337.6M | $323.2M | $333.5M | $383.4M | -$29.3M | $22.0M | $157.9M | $117.8M | $154.9M | $135.0M |
| Imposto | $90.3M | $42.5M | $62.5M | $76.8M | -$61.0M | $5.9M | $31.6M | $12.1M | $22.8M | $25.6M |
| Lucro Líquido | $249.8M | $284.0M | $276.6M | $306.6M | $31.7M | $16.1M | $126.3M | $105.7M | $132.1M | $109.4M |
| LPA | $2.69 | $3.13 | $3.15 | $3.61 | $0.38 | $0.19 | $1.50 | $1.25 | $1.61 | $1.38 |
| LPA Diluído | $2.65 | $3.09 | $3.11 | $3.57 | $0.38 | $0.19 | $1.49 | $1.24 | $1.59 | $1.37 |
| Ações em Circulação (Diluídas) | $94.2M | $91.9M | $89.0M | $85.8M | $84.0M | $84.6M | $85.0M | $85.5M | $83.0M | $80.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $456.2M | $491.3M | $494.6M | $529.3M |
| Lucro Bruto | $99.9M | $121.0M | $123.9M | $138.1M |
| Lucro Operacional | $36.0M | $61.4M | $56.7M | $72.6M |
| EBITDA | $71.4M | $92.8M | $87.7M | $102.8M |
| Lucro Líquido | $20.6M | $46.4M | $37.2M | $49.3M |
| LPA | $0.26 | $0.60 | $0.49 | $0.65 |
| LPA Diluído | $0.26 | $0.60 | $0.49 | $0.64 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $35.2M | $60.1M | $32.7M | $64.4M | $103.3M | $127.7M | $112.0M | $227.0M | $125.4M | $71.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $245.6M | $248.7M | $311.4M | $280.3M | $168.5M | $190.8M | $254.7M | $259.8M | $241.8M | $285.2M |
| Estoque | $291.0M | $314.0M | $297.8M | $333.1M | $213.5M | $245.7M | $319.3M | $334.4M | $356.2M | $328.8M |
| Ativos Circulantes | $607.0M | $656.7M | $675.8M | $704.9M | $535.9M | $616.3M | $734.4M | $864.2M | $781.5M | $730.7M |
| Imobilizado | $1.63B | $1.87B | $1.88B | $2.01B | $1.87B | $1.75B | $1.66B | $1.68B | $1.60B | $1.64B |
| Ágio | $66.6M | $110.1M | $107.6M | $189.8M | $193.1M | $190.5M | $187.0M | $188.7M | $186.5M | $191.6M |
| Ativos Intangíveis | $5.6M | $38.6M | $34.7M | $90.6M | $84.7M | $77.0M | $69.0M | $62.6M | $50.5M | $48.2M |
| Ativos Totais | $2.40B | $2.78B | $2.82B | $3.13B | $2.92B | $2.82B | $2.84B | $2.92B | $2.73B | $2.70B |
| Contas a Pagar | $137.3M | $144.1M | $161.9M | $157.6M | $70.0M | $113.2M | $155.5M | $159.1M | $142.3M | $146.6M |
| Dívida de Curto Prazo | $4.3M | $4.3M | $9.1M | $22.4M | $12.9M | 0 | 0 | $7.4M | $100000 | 0 |
| Passivos Circulantes | $271.9M | $262.1M | $326.7M | $322.6M | $183.1M | $247.6M | $329.8M | $315.9M | $353.5M | $322.7M |
| Dívida de Longo Prazo | $684.4M | $805.6M | $947.4M | $1.05B | $924.2M | $820.9M | $723.1M | $697.7M | $698.7M | $990.9M |
| Passivos Totais | $1.16B | $1.29B | $1.50B | $1.68B | $1.41B | $1.33B | $1.28B | $1.20B | $1.20B | $1.45B |
| Reservas | $1.25B | $1.50B | $1.73B | $1.98B | $2.00B | $2.01B | $2.10B | $2.17B | $2.25B | $2.31B |
| Patrimônio Líquido | $1.24B | $1.50B | $1.32B | $1.45B | $1.51B | $1.49B | $1.55B | $1.72B | $1.53B | $1.25B |
| Dívida Total | $688.7M | $809.9M | $956.8M | $1.13B | $985.8M | $823.3M | $773.1M | $728.9M | $726.1M | $993.0M |
| Dívida Líquida | $653.5M | $749.8M | $924.1M | $1.06B | $882.5M | $695.6M | $661.1M | $501.9M | $600.7M | $922.0M |
| Capital de Giro | $335.1M | $394.6M | $349.1M | $382.3M | $352.8M | $368.7M | $404.6M | $548.3M | $428.0M | $408.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $90.5M | $71.0M | $54.1M | $62.2M |
| Ativos Totais | $2.76B | $2.70B | $2.72B | $2.73B |
| Passivos Totais | $1.19B | $1.45B | $1.46B | $1.43B |
| Patrimônio Líquido | $1.57B | $1.25B | $1.27B | $1.30B |
| Dívida Total | $757.9M | $993.0M | $998.1M | $959.4M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $249.8M | $284.0M | $276.6M | $306.6M | $31.7M | $16.1M | $126.3M | $105.7M | $132.1M | $109.4M |
| Depreciação e Amortização | $93.3M | $104.5M | $123.1M | $141.7M | $140.9M | $138.0M | $126.2M | $124.8M | $124.3M | $122.3M |
| Compensação em Ações | $16.1M | $17.6M | $16.2M | $18.3M | $15.4M | $19.0M | $20.0M | $20.9M | $22.2M | $14.4M |
| Variação Capital de Giro | -$19.8M | $21.4M | -$27.5M | $13.5M | $101.9M | -$18.3M | -$70.1M | -$25.5M | -$1.0M | -$36.0M |
| Fluxo de Caixa Operacional | $401.4M | $428.7M | $421.4M | $491.1M | $264.3M | $151.7M | $173.1M | $257.1M | $289.9M | $230.5M |
| CapEx | -$327.9M | -$278.1M | -$184.1M | -$204.1M | -$50.6M | -$27.9M | -$76.3M | -$108.2M | -$87.0M | $76.7M |
| Aquisições | -$38.6M | -$76.0M | -$3.4M | -$163.2M | 0 | 0 | $21.2M | $10.3M | 0 | -$2.7M |
| Recompra de Ações | -$111.1M | -$150.3M | -$357.7M | -$143.0M | -$24.6M | 0 | 0 | -$30.1M | -$252.2M | -$454.3M |
| Dividendos Pagos | -$39.8M | -$42.6M | -$48.4M | -$54.2M | -$14.2M | 0 | -$33.7M | -$42.2M | -$49.3M | -$53.9M |
| Fluxo de Caixa Livre | $73.5M | $150.6M | $237.3M | $287.0M | $213.7M | $123.8M | $96.8M | $148.9M | $202.9M | $307.2M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $110.2M | $125.5M | $19.0M | $77.7M |
| CapEx | -$13.7M | -$15.5M | $17.7M | -$19.7M |
| Fluxo de Caixa Livre | $96.5M | $110.0M | $36.7M | $58.0M |
| Dividendos Pagos | -$13.5M | -$12.9M | -$13.7M | -$13.6M |
| Compensação em Ações | $1.0M | 0 | $9.3M | $5.2M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -1.5% | +10.9% | +7.6% | -36.2% | -11.8% | +19.1% | +13.4% | +6.4% | -0.5% |
| Crescimento Lucro Líquido (anual) | | +13.7% | -2.6% | +10.8% | -89.7% | -49.2% | +684.5% | -16.3% | +25.0% | -17.2% |
| Crescimento LPA (anual) | | +16.4% | +0.6% | +14.6% | -89.5% | -50.0% | +689.5% | -16.7% | +28.8% | -14.3% |
| Variação de Ações (anual) | | -2.4% | -3.2% | -3.6% | -2.1% | +0.7% | +0.5% | +0.6% | -2.9% | -3.6% |
| Crescimento FCF (anual) | | +104.9% | +57.6% | +20.9% | -25.5% | -42.1% | -21.8% | +53.8% | +36.3% | +51.4% |
| Margem Bruta | 28.2% | 28.0% | 26.5% | 27.2% | 16.0% | 18.9% | 22.6% | 24.2% | 24.7% | 23.0% |
| Margem Operacional | 18.0% | 17.8% | 17.0% | 18.0% | 0.9% | 3.9% | 11.1% | 12.0% | 9.8% | 9.1% |
| Margem EBITDA | 22.6% | 23.1% | 17.0% | 24.1% | 10.3% | 15.0% | 19.8% | 15.0% | 18.9% | 15.6% |
| Margem Líquida | 12.5% | 14.4% | 12.6% | 13.0% | 2.1% | 1.2% | 8.0% | 5.9% | 6.9% | 5.8% |
| Margem FCF | 3.7% | 7.6% | 10.8% | 12.2% | 14.2% | 9.3% | 6.1% | 8.3% | 10.7% | 16.2% |
| Taxa Efetiva de Imposto | 26.7% | 13.1% | 18.7% | 20.0% | 208.2% | 26.8% | 20.0% | 10.3% | 14.7% | 19.0% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.78 | $1.64 | $2.67 | $3.34 | $2.54 | $1.46 | $1.14 | $1.74 | $2.44 | $3.84 |
| Dividendo por Ação | $0.42 | $0.46 | $0.54 | $0.63 | $0.17 | $0.00 | $0.40 | $0.49 | $0.59 | $0.67 |
| Ações em Circulação (Básicas) | $92.8M | $90.6M | $87.9M | $84.9M | $83.8M | $84.1M | $84.4M | $84.6M | $82.3M | $79.5M |
O que olhar em Industriais
Aeroespacial, defesa, maquinaria, transporte. Semi-cíclicos. Chave: backlog, margens operacionais e conversão de FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — O melhor indicador de disciplina operacional em industriais
- ROIC — Industriais de qualidade têm ROIC >15% — os outros destroem capital
- Conversão FCF — FCF / Net Income — em industriais bom >85%
- Dívida líquida / EBITDA — Industriais cíclicos com dívida alta sofrem muito em recessão
- Capex / Receita — Manter a maquinaria. <4% = possível subinvestimento (deterioração futura)
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
Rentabilidade
| Retorno sobre patrimônio | 11.41% |
| Retorno sobre capital investido | 7.89% |
| Retorno sobre ativos | 5.62% |
| Margem bruta | 24.50% |
| Margem operacional | 11.50% |
| Margem líquida | 7.79% |
Saúde financeira
| Dívida / Patrimônio | 0.74 |
| Liquidez corrente | 2.43 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 19.12 | 19.76 | 18.20 | 20.31 | 127.61 | 272.63 | 39.23 | 59.00 | 38.94 | 53.55 |
| P/VP | 3.83 | 3.75 | 3.81 | 4.30 | 2.69 | 2.93 | 3.20 | 3.63 | 3.38 | 4.70 |
| P/V | 2.38 | 2.84 | 2.30 | 2.64 | 2.70 | 3.29 | 3.15 | 3.49 | 2.71 | 3.10 |
| Margem Bruta | 28.2% | 28.0% | 26.5% | 27.2% | 16.0% | 18.9% | 22.6% | 24.2% | 24.7% | 23.0% |
| Margem Operacional | 18.0% | 17.8% | 17.0% | 18.0% | 0.9% | 3.9% | 11.1% | 12.0% | 9.8% | 9.1% |
| Margem Líquida | 12.5% | 14.4% | 12.6% | 13.0% | 2.1% | 1.2% | 8.0% | 5.9% | 6.9% | 5.8% |