Hexcel (HXL) Research & Development (2009 - 2026)
Hexcel's (HXL) quarterly Research & Development came in at $17.3 million in Q2 2026, up 20.98% YoY from $14.3 million in Q2 2025, and down 2.81% on a QoQ basis from $17.8 million in Q1 2026.
Hexcel (HXL) Research & Development (2009 - 2026) Analysis & Trends
Hexcel (HXL) has 18 years of Research & Development data on file, last reported at $17.3 million in Q2 2026.
- Quarterly Research & Development rose 20.98% year-over-year to $17.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $63.4 million (up 14.44% YoY) and the FY2025 annual result came in at $56.4 million, down 1.23% from the prior year.
- Research & Development eased to $17.3 million in Q2 2026, from $17.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $17.8 million in Q1 2026 to a low of $10.9 million in Q1 2022.
- A 5-year average of $13.7 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 decreased 8.61% — and 2026, when it increased 28.99%.
- Tracing HXL's Research & Development over 5 years: stood at $12.0 million in 2022, then rose by 0.83% to $12.1 million in 2023, then increased by 11.57% to $13.5 million in 2024, then gained by 5.93% to $14.3 million in 2025, then increased by 20.98% to $17.3 million in 2026.
- The last three Research & Development figures came in at $17.3 million (Q2 2026), $17.8 million (Q1 2026), and $14.3 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | 460.00 Mn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 8.00 Mn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | - |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | - |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | 208.69 Mn |
| 10 | Hexcel | 7.12 Bn | 7.05 Bn | 138.10 Mn | 17.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.30 Mn |
| 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 |