The Filing Desk

Hexcel vs Joby Aviation

Hexcel HXL · Joby Aviation JOBY · Aerospace & Defense

Hexcel reported revenue of $1.9 billion in fiscal 2025, 35.5 times Joby Aviation's $53 million in fiscal 2025. Hexcel's revenue fell 0.5% in its latest year, and Joby Aviation's grew 39183.1%. Hexcel had an operating margin of 9.1%, against -1346.9% at Joby Aviation. Free cash flow was $157 million at Hexcel and −$564 million at Joby Aviation.

Side by side

HexcelJoby Aviation
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.9B$53M
Revenue growth−0.5%39,183.1%
Revenue growth a year, last 5 years4.7%—
Gross margin23.0%—
Operating margin9.1%−1,346.9%
Net margin5.8%−1,740.5%
Free cash flow$157M−$564M
Free cash flow margin8.3%−1,055.3%
Return on capital6.5%—
Net debt to EBITDA3.1x—
Dividends and buybacks$508M$0M
Change in diluted share count−3.6%18.1%
Last close$79.74$4.69
P/E at the last close35.9×—
Insider trades, last 12 monthssold $2.8 millionbought $14,564, sold $51.2 million
Piotroski F-score6 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
HexcelJoby Aviation
Operating margin
Percent of revenue
HexcelJoby Aviation
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
HexcelJoby Aviation

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Hexcel and Joby Aviation pages.