Hexcel (HXL) Research & Development (2009 - 2026)
Hexcel (HXL) posted Research & Development of $17.8 million for Q1 2026, up 24.48% on a QoQ basis from $14.3 million in Q4 2025, and up 28.99% year-over-year from $13.8 million in Q1 2025.
Hexcel (HXL) Research & Development (2009 - 2026) Analysis & Trends
Hexcel's Research & Development history runs 18 years deep, the most recent figure standing at $17.8 million for Q1 2026.
- Quarterly Research & Development rose 28.99% year-over-year to $17.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $60.4 million (up 8.24% YoY) and the FY2025 annual result came in at $56.4 million, down 1.23% from the prior year.
- Research & Development was $17.8 million for Q1 2026 at Hexcel, up from $14.3 million in the prior quarter.
- Across five years, Research & Development topped out at $17.8 million in Q1 2026 and bottomed at $10.9 million in Q1 2022.
- A 5-year average of $13.5 million and a median of $13.8 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2025 — Research & Development declined 8.61% — and 2026, when it advanced 28.99%.
- Hexcel's Research & Development stood at $12.0 million in 2022, then advanced by 0.83% to $12.1 million in 2023, then gained by 11.57% to $13.5 million in 2024, then climbed by 5.93% to $14.3 million in 2025, then increased by 24.48% to $17.8 million in 2026.
- Business Quant data shows HXL's Research & Development at $17.8 million in Q1 2026, $14.3 million in Q4 2025, and $14.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.45 Bn | 364.10 Bn | -3.10 Bn | 460.00 Mn |
| 2 | Rtx | 288.16 Bn | 279.85 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 167.44 Bn | 147.42 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 132.17 Bn | 128.38 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 112.99 Bn | 110.56 Bn | 854.00 Mn | 9.00 Mn |
| 6 | General Dynamics | 102.42 Bn | 98.09 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 75.81 Bn | 73.51 Bn | 3.72 Bn | - |
| 8 | TransDigm | 72.68 Bn | 68.79 Bn | 1.51 Bn | - |
| 9 | L3Harris Technologies | 50.93 Bn | 50.34 Bn | 1.40 Bn | - |
| 10 | Hexcel | 7.77 Bn | 7.71 Bn | 138.10 Mn | 17.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.80 Mn |
| Dec 31, 2025 | 14.30 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Jun 30, 2025 | 14.30 Mn |
| Mar 31, 2025 | 13.80 Mn |
| Dec 31, 2024 | 13.50 Mn |
| Sep 30, 2024 | 13.80 Mn |
| Jun 30, 2024 | 14.70 Mn |
| Mar 31, 2024 | 15.10 Mn |
| Dec 31, 2023 | 12.10 Mn |
| Sep 30, 2023 | 13.40 Mn |
| Jun 30, 2023 | 13.30 Mn |
| Mar 31, 2023 | 13.90 Mn |
| Dec 31, 2022 | 12.00 Mn |
| Sep 30, 2022 | 11.60 Mn |
| Jun 30, 2022 | 11.30 Mn |
| Mar 31, 2022 | 10.90 Mn |
| Dec 31, 2021 | 11.60 Mn |
| Sep 30, 2021 | 10.40 Mn |
| Jun 30, 2021 | 11.50 Mn |