Hexcel (FRA:HXL) ROCE %: 9.63% (As of Mar. 2026)

What is Hexcel ROCE %?

Hexcel FRA:HXL +1.94% 87 ROCE % is 9.63% as of Mar. 2026. GuruFocus rates FRA:HXL with a GF Score™ of 87/100 and a GF Value™ of €69.64 (Modestly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Hexcel's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.63%.

Hexcel (FRA:HXL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Hexcel ROCE % Related Terms

Hexcel ROCE % Historical Data

* Premium members only.

The historical data trend for Hexcel's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hexcel ROCE % Chart

Hexcel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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2.36

7.56

5.54

7.64

6.86

Hexcel Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															7.14	4.80	5.71	10.23	9.63

87GF Score

Hexcel Corp FRA:HXL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Hexcel ROCE % Calculation

Hexcel's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	147.486	/	( ( (2602.948 - 337.593)	+	(2309.216 - 275.586) )	/ 2 )
	=	147.486	/	( (2265.355	+	2033.63)	/ 2 )
	=	147.486	/	2149.4925
	=	6.86 %

Hexcel's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	198.256	/	( ( (2309.216 - 275.586)	+	(2356.173 - 271.35) )	/ 2 )
	=	198.256	/	( ( 2033.63	+	2084.823 )	/ 2 )
	=	198.256	/	2059.2265
	=	9.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 9.63% mean?

Hexcel (FRA:HXL) has a ROCE % of 9.63% as of Mar. 2026.

Is Hexcel's ROCE % too high?

Hexcel's current ROCE % is 9.63%. The Aerospace & Defense industry median ROCE % is 6.29. Hexcel's value of 9.63% is 53.1% above this industry median. Overall, Hexcel has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hexcel's ROCE % compare to LOAR and AVAV?

Hexcel's ROCE % of 9.63% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Hexcel's value of 9.63% is 53.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hexcel's current ROCE % of 9.63% is 53.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexcel's current ROCE % is 9.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hexcel stock overvalued right now?

Based on GuruFocus' analysis, Hexcel (FRA:HXL) is currently considered Modestly Overvalued. The stock's GF Value™ is €69.64, compared to a current price of €83.96 — trading 20.6% above its estimated fair value. The current ROCE % is 9.63% and 53.1% above the Aerospace & Defense industry median of 6.29. Hexcel's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Hexcel (FRA:HXL), the current ROCE % is 9.63% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hexcel (FRA:HXL) Overvalued in 2026?

Based on GuruFocus' analysis, Hexcel stock appears to be overvalued. The current stock price of €83.96 is trading 20.6% above its estimated GF Value™ of €69.64. GuruFocus considers Hexcel to be Modestly Overvalued.

Key valuation signals for FRA:HXL:

ROCE %: 9.63%
GF Value™: €69.64 vs. price of €83.96 (20.6% above fair value)
GF Score™: 87/100 with 6 warning signs
Industry Position: 53.1% above the Aerospace & Defense median

No single metric tells the full story. See the FRA:HXL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hexcel Business Description

Industry Industrials Aerospace & Defense

Comparable Companies LOAR AVAV DPC MRCY VSEC KRMN KTOS AIR SARO PL SPCX GE RTX XPAR:AIR BA XPAR:SAF LSE:RR.LMT HWM GD

Other Exchanges HXL:USA

Address 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of highly engineered composite fibers, fabrics, resins, and structures for use primarily in the commercial aerospace and defense markets. These are lighter than metal and perform under rigorous conditions in aircraft frames, wings, engine nacelles, and other structures and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (40% of 2024 sales) and Boeing (15% of 2024 sales; 25% before the pandemic) and their respective subcontractors.

87GF Score

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€83.96

Price

€69.64

GF Value

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