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Eastman Chemical vs Hexcel: revenue, profit, margins and growth compared

Eastman Chemical brought in $8.8B of revenue in fiscal 2025, Hexcel $1.9B in fiscal 2025. Revenue changed by -6.7% at Eastman Chemical and -0.5% at Hexcel on the year before, so Hexcel grew faster. Eastman Chemical kept 5.4% of its revenue as net profit, Hexcel 5.8%. Free cash flow was $424M at Eastman Chemical and $157.2M at Hexcel.

Side by side, latest fiscal year

EMNHXL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.8B$1.9B
Revenue growth-6.7%-0.5%
Net income$474M$109.4M
Net margin5.4%5.8%
Free cash flow$424M$157.2M
Free cash flow margin4.8%8.3%
Earnings per share (diluted)$4.10n/a
Cash$566M$71M
Debt$4.2B$993M
Price to earnings16.3n/a
Market value$7.7B$6.5B
Dividend yield4.97%82.69%
Rank by revenue in sector#74 of 451 · Industrials#220 of 451 · Industrials

Over the years

Revenue
EMN FY2018: $10.2BEMN FY2019: $9.3BEMN FY2020: $8.5BEMN FY2021: $10.5BEMN FY2022: $10.6BEMN FY2023: $9.2BEMN FY2024: $9.4BEMN FY2025: $8.8BHXL FY2018: $2.2BHXL FY2019: $2.4BHXL FY2020: $1.5BHXL FY2021: $1.3BHXL FY2022: $1.6BHXL FY2023: $1.8BHXL FY2024: $1.9BHXL FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
EMN $8.8BHXL $1.9B
Net income
EMN FY2018: $1.1BEMN FY2019: $759MEMN FY2020: $478MEMN FY2021: $857MEMN FY2022: $793MEMN FY2023: $894MEMN FY2024: $905MEMN FY2025: $474MHXL FY2018: $276.6MHXL FY2019: $306.6MHXL FY2020: $31.7MHXL FY2021: $16.1MHXL FY2022: $126.3MHXL FY2023: $105.7MHXL FY2024: $132.1MHXL FY2025: $109.4MFY18FY19FY20FY21FY22FY23FY24FY25
EMN $474MHXL $109.4M
Net margin
EMN FY2018: 10.6%EMN FY2019: 8.2%EMN FY2020: 5.6%EMN FY2021: 8.2%EMN FY2022: 7.5%EMN FY2023: 9.7%EMN FY2024: 9.6%EMN FY2025: 5.4%HXL FY2018: 12.6%HXL FY2019: 13.0%HXL FY2020: 2.1%HXL FY2021: 1.2%HXL FY2022: 8.0%HXL FY2023: 5.9%HXL FY2024: 6.9%HXL FY2025: 5.8%FY18FY19FY20FY21FY22FY23FY24FY25
EMN 5.4%HXL 5.8%
Revenue growth
EMN FY2019: -8.6%EMN FY2020: -8.6%EMN FY2021: +23.6%EMN FY2022: +1.0%EMN FY2023: -12.9%EMN FY2024: +1.9%EMN FY2025: -6.7%HXL FY2019: +7.6%HXL FY2020: -36.2%HXL FY2021: -11.8%HXL FY2022: +19.1%HXL FY2023: +13.4%HXL FY2024: +6.4%HXL FY2025: -0.5%FY19FY20FY21FY22FY23FY24FY25
EMN -6.7%HXL -0.5%
Free cash flow
EMN FY2018: $1BEMN FY2019: $1.1BEMN FY2020: $1.1BEMN FY2021: $1.1BEMN FY2022: $364MEMN FY2023: $546MEMN FY2024: $688MEMN FY2025: $424MHXL FY2018: $237.3MHXL FY2019: $287MHXL FY2020: $213.7MHXL FY2021: $123.8MHXL FY2022: $96.8MHXL FY2023: $148.9MHXL FY2024: $202.9MHXL FY2025: $157.2MFY18FY19FY20FY21FY22FY23FY24FY25
EMN $424MHXL $157.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Eastman Chemical and Hexcel

Which is bigger by revenue, Eastman Chemical or Hexcel?

Eastman Chemical is bigger by revenue: $8.8B in fiscal 2025, against $1.9B for Hexcel in fiscal 2025.

Which keeps more of its revenue as profit, Eastman Chemical or Hexcel?

Eastman Chemical had a net margin of 5.4% in fiscal 2025; Hexcel had 5.8% in fiscal 2025.

Which grew revenue faster, Eastman Chemical or Hexcel?

In their latest fiscal years revenue changed by -6.7% at Eastman Chemical and -0.5% at Hexcel.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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