HXL Hexcel Corporation Common Stock

NYSE · Aerospace & Defense · View on SEC EDGAR ↗
$100.39
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026

HXL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$100.39
Market Cap
$7.60B
P/E (TTM)
264.2
EPS (TTM)
Revenue (TTM)
$1.89B
Div Yield
0.71%
ROE
7.8%
Debt/Equity
0.8
52W Range
$60 – $112

HXL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.89B
10-point trend, -5.5%
2016-12-31 2025-12-31
EPS
Free Cash Flow $157M
9-point trend, +113.9%
2016-12-31 2025-12-31
Margins 5.8%
9-point trend, -18.5%
2016-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
HXL
Peer Median
P/E (TTM)
5-point trend, +42.7%
264.2
54.1
P/S (TTM)
5-point trend, -10.1%
4.0
7.1
P/B
5-point trend, +52.7%
6.1
4.8
EV / EBITDA
5-point trend, -16.6%
29.0
Price / FCF
5-point trend, +1.3%
48.3

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
HXL
Peer Median
Gross Margin
5-point trend, +21.6%
23.0%
25.4%
Operating Margin
5-point trend, +131.7%
9.1%
Net Profit Margin
5-point trend, +373.8%
5.8%
5.4%
ROA
5-point trend, +619.6%
4.0%
3.8%
ROE
5-point trend, +622.2%
7.8%
8.1%
ROIC
5-point trend, +278.0%
6.2%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
HXL
Peer Median
Debt / Equity
5-point trend, +43.3%
0.8
16.4
Current Ratio
5-point trend, -9.0%
2.3
3.0
Quick Ratio
5-point trend, -14.7%
1.0

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
HXL
Peer Median
Revenue YoY
5-point trend, +43.0%
-0.48%
Revenue CAGR 3Y
5-point trend, +43.0%
6.3%
Revenue CAGR 5Y
5-point trend, +43.0%
4.7%
Net Income YoY
5-point trend, +579.5%
-17.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
HXL
Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
HXL
Peer Median
Payout Ratio
4-point trend, +84.7%
49.3%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.71%
Payout Ratio
49.3%
5Y Div CAGR
Ex-dateAmount
Aug. 10, 2026$0.1800
May 4, 2026$0.1800
Feb. 9, 2026$0.1800
Nov. 3, 2025$0.1700
Aug. 8, 2025$0.1700
May 2, 2025$0.1700
Feb. 7, 2025$0.1700
Nov. 1, 2024$0.1500
Aug. 2, 2024$0.1500
May 2, 2024$0.1500
Feb. 8, 2024$0.1500
Nov. 2, 2023$0.1250
Aug. 3, 2023$0.1250
May 4, 2023$0.1250
Feb. 9, 2023$0.1250
Nov. 3, 2022$0.1000
Aug. 4, 2022$0.1000
May 5, 2022$0.1000
Feb. 10, 2022$0.1000
Feb. 13, 2020$0.1700

HXL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 21 analysts
  • Strong Buy 1 4.8%
  • Buy 6 28.6%
  • Hold 14 66.7%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

13 analysts · 2026-08-13
Median target $110.00 +9.6%
Mean target $109.92 +9.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.04%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.66 $0.58 0.08%
March 31, 2026 $0.59 $0.44 0.15%
Dec. 31, 2025 $0.52 $0.50 0.02%
Sept. 30, 2025 $0.37 $0.37 -0.00%
June 30, 2025 $0.50 $0.47 0.03%
March 31, 2025 $0.37 $0.43 -0.06%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
HXL $5.59B 194.5 -0.48% 5.8% 7.8% 23.0%
KTOS $13.12B 597.7 18.5% 1.6% 1.1% 22.9%
DRS $9.06B 33.1 12.8% 7.6% 10.4% 23.8%
AVAV $9.87B -36.1 140.9% -13.4% -6.0% 25.3%
SARO $9.59B 34.6 15.8% 4.6% 10.7%
KRMN $9.68B 562.8 36.6% 3.7% 4.7% 40.3%
LOAR $6.37B 90.7 23.2% 14.5% 6.4% 52.7%
MRCY $7.52B -252.4 7.8% -3.0% -2.0% 28.6%
AIR 23.2 19.0% 5.7% 11.5% 18.8%
BETA -2.2 136.0% -2094.2% -70.7% 72.2%
VSEC

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +2.1% $1.89B $1.90B $1.79B $1.58B $1.32B $1.50B $2.36B $2.19B $1.97B $2.00B $1.86B $1.86B
Cost of Revenue 12-point trend, +8.3% $1.46B $1.43B $1.36B $1.22B $1.07B $1.26B $1.72B $1.61B $1.42B $1.44B $1.33B $1.35B
Gross Profit 12-point trend, -14.5% $435M $470M $433M $357M $250M $240M $640M $581M $552M $565M $533M $509M
R&D Expense 12-point trend, +17.7% $56M $57M $53M $46M $45M $47M $56M $56M $49M $47M $44M $48M
SG&A Expense 12-point trend, +13.3% $169M $177M $164M $148M $135M $121M $159M $146M $152M $158M $156M $149M
Operating Income 12-point trend, -43.9% $172M $186M $215M $175M $52M $14M $425M $371M $351M $360M $332M $306M
Interest Expense 12-point trend, +371.2% $38M $31M $34M $36M $38M $42M $46M $38M $27M $22M $14M $8M
Other Non-op 7-point trend, +320.0% $1M $0 $-72M $11M $8M · · · · $-400.0K · $-500.0K
Pretax Income 12-point trend, -54.6% $135M $155M $110M $150M $22M $-28M $380M $334M $323M $338M $318M $297M
Income Tax 12-point trend, -71.3% $26M $23M $12M $32M $6M $-61M $77M $62M $42M $90M $83M $89M
Net Income 7-point trend, -64.3% $109M $132M $106M $126M $16M $32M $307M · · · · ·
EPS (Basic) 2-point trend, +14.8% · · · · · · · · · · $2.48 $2.16
EPS (Diluted) 2-point trend, +15.1% · · · · · · · · · · $2.44 $2.12
Shares (Basic) 12-point trend, -17.9% 79,500,000 82,300,000 84,600,000 84,400,000 84,100,000 83,800,000 84,900,000 87,900,000 90,600,000 92,800,000 95,800,000 96,800,000
Shares (Diluted) 12-point trend, -18.9% 80,000,000 83,000,000 85,500,000 85,000,000 84,600,000 84,000,000 85,800,000 89,000,000 91,900,000 94,200,000 97,200,000 98,700,000
EBITDA 11-point trend, -22.0% $294M $310M $340M $301M $190M $155M $567M · $455M $453M $409M $377M
Balance Sheet 29
Annual Balance Sheet data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +0.1% $71M $125M $227M $112M $128M $103M $64M $33M $60M $35M $52M $71M
Receivables 12-point trend, +6.8% $249M $212M $235M $223M $160M $125M $228M $261M $249M $246M $234M $234M
Inventory 12-point trend, +13.3% $329M $356M $334M $319M $246M $214M $333M $298M $314M $291M $307M $290M
Prepaid Expense 12-point trend, -47.6% $46M $51M $43M $39M $40M $38M $27M $34M $34M $35M $41M $87M
Current Assets 12-point trend, +7.2% $731M $782M $864M $734M $616M $536M $705M $676M $657M $607M $634M $682M
PP&E (Net) 12-point trend, +30.1% $1.61B $1.60B $1.68B $1.66B $1.75B $1.87B $1.94B $1.88B $1.87B $1.63B $1.43B $1.24B
PP&E (Gross) 12-point trend, +77.8% $3.32B $3.16B $3.20B $3.09B $3.11B $3.14B $3.08B $2.90B $2.74B $2.38B $2.10B $1.87B
Accum. Depreciation 12-point trend, +171.4% $1.71B $1.57B $1.52B $1.43B $1.36B $1.27B $1.13B $1.03B $878M $753M $674M $630M
Goodwill 11-point trend, +257.5% $192M $186M $189M $187M $190M $193M $190M · $110M $67M $53M $54M
Intangibles 11-point trend, +1500.0% $42M $46M $58M $65M $73M $75M $81M · $34M $2M $2M $3M
Other Non-current Assets 12-point trend, +420.0% $117M $105M $119M $142M $145M $185M $154M $81M $62M $43M $39M $22M
Total Assets 12-point trend, +32.8% $2.70B $2.73B $2.92B $2.84B $2.82B $2.92B $3.13B $2.82B $2.78B $2.40B $2.19B $2.04B
Accounts Payable 12-point trend, -16.2% $147M $142M $159M $156M $113M $70M $158M $162M $144M $137M $149M $175M
Accrued Liabilities 12-point trend, -30.5% $93M $99M $75M $82M $73M $65M $63M $70M $41M $64M $81M $134M
Short-term Debt · · · · · · · · · · · $1M
Current Liabilities 12-point trend, +3.9% $323M $354M $316M $330M $248M $183M $323M $327M $262M $272M $293M $311M
Capital Leases 7-point trend, -65.1% $19M $19M $22M $39M $40M $46M $54M · · · · ·
Deferred Tax 12-point trend, +10.3% $87M $81M $111M $126M $140M $153M $156M $145M $129M $123M $64M $79M
Other Non-current Liabilities 12-point trend, -81.6% $22M $30M $34M $61M $71M $92M $100M $41M $173M $159M $100M $122M
Total Liabilities 12-point trend, +63.9% $1.45B $1.20B $1.20B $1.28B $1.33B $1.41B $1.68B $1.50B $1.29B $1.16B $1.01B $886M
Long-term Debt 12-point trend, +138.5% $993M $701M $700M $724M $823M $926M $1.06B $957M $810M $689M $576M $416M
Total Debt 11-point trend, +138.5% $993M $701M $700M $724M $823M $926M $1.06B · $810M $689M $576M $416M
Common Stock 12-point trend, +10.0% $1M $1M $1M $1M $1M $1M $1M $1M $1M $1M $1M $1M
Retained Earnings 12-point trend, +172.9% $2.31B $2.25B $2.17B $2.10B $2.01B $2.00B $1.98B $1.73B $1.50B $1.25B $1.04B $846M
Treasury Stock 12-point trend, +567.8% $2.04B $1.58B $1.32B $1.28B $1.28B $1.28B $1.25B $1.10B $731M $575M $458M $305M
AOCI 12-point trend, +81.5% $-13M $-115M $-74M $-174M $-126M $-60M $-119M $-108M $-45M $-174M $-124M $-70M
Stockholders' Equity 12-point trend, +8.8% $1.25B $1.53B $1.72B $1.55B $1.49B $1.51B $1.45B $1.32B $1.50B $1.24B $1.18B $1.15B
Liabilities + Equity 12-point trend, +32.8% $2.70B $2.73B $2.92B $2.84B $2.82B $2.92B $3.13B $2.82B $2.78B $2.40B $2.19B $2.04B
Shares Outstanding 12-point trend, -20.7% 75,700,000 81,000,000 84,100,000 84,200,000 84,000,000 83,600,000 83,600,000 84,800,000 89,600,000 91,400,000 93,500,000 95,500,000
Cash Flow 17
Annual Cash Flow data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +71.8% $122M $124M $125M $126M $138M $141M $142M $123M $104M $93M $76M $71M
Stock-based Comp 12-point trend, -16.3% $14M $22M $21M $20M $19M $15M $18M $16M $18M $16M $18M $17M
Deferred Tax 12-point trend, -85.1% $6M $-17M $-33M $-3M $-3M $-51M $16M $29M $3M $63M $53M $40M
Amort. of Intangibles 12-point trend, +1766.7% $6M $7M $7M $7M $7M $7M $7M $3M $1M $300.0K $300.0K $300.0K
Restructuring 8-point trend, +268.8% $28M $2M $800.0K $8M $19M $43M $0 $8M · · · ·
Other Non-cash 5-point trend, -14.4% $-22M $28M $38M $-96M $-19M · · · · · · ·
Operating Cash Flow 12-point trend, -27.5% $230M $290M $257M $173M $152M $264M $491M $421M $429M $401M $301M $318M
CapEx 12-point trend, -71.8% $73M $87M $108M $76M $28M $51M $204M $184M $278M $328M $305M $260M
Investing Cash Flow 9-point trend, +78.5% $-76M $-87M $-51M $-55M $-28M $-51M $-367M $-188M $-354M · · ·
Stock Repurchased 12-point trend, +183.9% $454M $252M $30M $0 $0 $25M $143M $358M $150M $111M $146M $160M
Net Stock Activity 10-point trend, -183.9% $-454M $-252M $-30M $0 · $-25M $-143M · $-150M $-111M $-146M $-160M
Dividends Paid 12-point trend, +53900000.00 $54M $49M $42M $34M $0 $14M $4M $48M $43M $40M $38M $0
Financing Cash Flow 9-point trend, -264.2% $-212M $-302M $-93M $-130M $-97M $-178M $-91M $-257M $-58M · · ·
Net Change in Cash 12-point trend, -1107.4% $-54M $-102M $115M $-16M $24M $39M $32M $-27M $25M $-17M $-19M $5M
Taxes Paid 8-point trend, -80.0% $7M $42M $59M $36M $1M $-200.0K $57M $36M · · · ·
Free Cash Flow 11-point trend, +171.5% $157M $203M $149M $97M $124M $214M $287M · $151M $74M $-4M $58M
Levered FCF 11-point trend, +142.1% $127M $176M $119M $68M $96M $264M $251M · $127M $57M $-15M $52M
Profitability 8
Annual Profitability data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 11-point trend, -16.3% 23.0% 24.7% 24.2% 22.6% 18.9% 16.0% 27.2% · 28.0% 28.2% 28.6% 27.4%
Operating Margin 11-point trend, -45.0% 9.1% 9.8% 12.0% 11.1% 3.9% 0.94% 18.1% · 17.8% 18.0% 17.9% 16.5%
Net Margin 5-point trend, +373.8% 5.8% 6.9% 5.9% 8.0% 1.2% · · · · · · ·
Pretax Margin 11-point trend, -55.5% 7.1% 8.1% 6.1% 9.5% 1.7% -1.8% 16.1% · 16.4% 16.8% 17.1% 16.0%
EBITDA Margin 11-point trend, -23.6% 15.5% 16.3% 19.0% 19.1% 14.3% 10.3% 24.1% · 23.1% 22.6% 22.0% 20.3%
ROA 5-point trend, +619.6% 4.0% 4.7% 3.7% 4.5% 0.56% · · · · · · ·
ROE 5-point trend, +622.2% 7.8% 8.5% 6.3% 8.4% 1.1% · · · · · · ·
ROIC 11-point trend, -54.6% 6.2% 7.1% 7.9% 6.1% 1.6% -0.70% 13.5% · 13.2% 13.6% 14.0% 13.7%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, +3.2% 2.3 2.2 2.7 2.2 2.5 2.9 2.2 · 2.5 2.2 2.2 2.2
Quick Ratio 11-point trend, +1.3% 1.0 1.0 1.5 1.0 1.2 1.2 0.9 · 1.2 1.0 1.0 1.0
Debt / Equity 11-point trend, +119.3% 0.8 0.5 0.4 0.5 0.6 0.6 0.7 · 0.5 0.6 0.5 0.4
LT Debt / Equity 11-point trend, +120.0% 0.8 0.5 0.4 0.5 0.6 0.6 0.7 · 0.5 0.5 0.5 0.4
Interest Coverage 11-point trend, -88.1% 4.6 6.0 6.3 4.8 1.4 0.3 9.3 · 12.8 16.3 23.4 38.2
Efficiency 3
Annual Efficiency data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, -27.2% 0.7 0.7 0.6 0.6 0.5 0.5 0.8 · 0.8 0.9 0.9 1.0
Inventory Turnover 11-point trend, -12.2% 4.3 4.2 4.1 4.3 4.7 4.6 5.4 · 4.7 4.8 4.4 4.8
Receivables Turnover 11-point trend, +3.1% 8.2 8.5 7.8 8.2 9.3 8.5 9.6 · 8.0 8.4 8.0 8.0
Per Share 7
Annual Per Share data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +37.2% $16.52 $18.86 $20.41 $18.46 $17.68 $18.06 $17.30 · $16.69 $13.62 $12.62 $12.04
Revenue / Share 11-point trend, +25.9% $23.67 $22.93 $20.92 $18.56 $15.66 $17.89 $27.46 · $21.47 $21.28 $19.15 $18.80
Cash Flow / Share 11-point trend, -10.6% $2.88 $3.49 $3.01 $2.04 $1.79 $3.15 $5.72 · $4.66 $4.26 $3.10 $3.22
Cash / Share 11-point trend, +26.3% $0.94 $1.55 $2.70 $1.33 $1.52 $1.24 $0.77 · $0.67 $0.39 $0.55 $0.74
Dividend / Share 8-point trend, +17637.5% $71 · · $0 · $0 $1 $1 $0 $0 $0 ·
Dividend Paid / Share 6-point trend, +6.3% $1 $1 $0 $0 · $0 $1 · · · · ·
EPS (TTM) 12-point trend, -82.1% $0.38 $0.38 $0.38 $0.38 $0.38 $0.38 $3.57 $3.11 $3.09 $2.65 $2.44 $2.12
Growth Rates 7
Annual Growth Rates data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +95.9% -0.48% 6.4% 13.4% 19.1% -11.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +4.8% 6.3% 12.8% 6.0% · · · · · · · · ·
Revenue CAGR 5Y 4.7% · · · · · · · · · · ·
Net Income YoY 5-point trend, +65.1% -17.2% 25.0% -16.3% 684.5% -49.2% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -109.5% -4.7% 101.7% 49.4% · · · · · · · · ·
Net Income CAGR 5Y 28.1% · · · · · · · · · · ·
Dividend CAGR 5Y 30.6% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for HXL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +2.1% $1.89B $1.90B $1.79B $1.58B $1.32B $1.50B $2.36B $2.19B $1.97B $2.00B $1.86B $1.86B
Net Income TTM 12-point trend, -47.8% $109M $132M $106M $126M $16M $32M $307M $277M $284M $250M $237M $209M
Market Cap 11-point trend, +41.2% $5.59B $5.08B $6.20B $4.96B $4.35B $4.05B $6.13B · $5.54B $4.70B $4.34B $3.96B
Enterprise Value 11-point trend, +51.3% $6.52B $5.65B $6.67B $5.57B $5.05B $4.88B $7.12B · $6.29B $5.36B $4.87B $4.31B
P/E 12-point trend, +893.7% 194.5 165.0 194.1 154.9 136.3 127.6 20.5 18.4 20.0 19.4 19.0 19.6
P/S 11-point trend, +38.3% 3.0 2.7 3.5 3.1 3.3 2.7 2.6 · 2.8 2.3 2.3 2.1
P/B 11-point trend, +29.8% 4.5 3.3 3.6 3.2 2.9 2.7 4.2 · 3.7 3.8 3.7 3.4
P / Tangible Book 6-point trend, +68.4% 5.5 3.9 4.2 3.8 3.6 3.3 · · · · · ·
P / Cash Flow 11-point trend, +94.8% 24.3 17.5 24.1 28.6 28.7 15.3 12.5 · 12.9 11.7 14.4 12.5
P / FCF 11-point trend, -48.0% 35.6 25.0 41.7 51.2 35.1 19.0 21.4 · 36.8 64.0 -1010.0 68.4
EV / EBITDA 11-point trend, +94.0% 22.2 18.2 19.6 18.5 26.6 31.5 12.6 · 13.8 11.8 11.9 11.4
EV / FCF 11-point trend, -44.3% 41.5 27.9 44.8 57.5 40.8 22.8 24.8 · 41.8 72.9 -1132.0 74.4
EV / Revenue 11-point trend, +48.2% 3.4 3.0 3.7 3.5 3.8 3.2 3.0 · 3.2 2.7 2.6 2.3
Dividend Yield 11-point trend, +0.01 0.96% 0.97% 0.68% 0.68% 0.00% 0.35% 0.07% · 0.77% 0.85% 0.88% 0.00%
Earnings Yield 12-point trend, -90.0% 0.51% 0.61% 0.52% 0.65% 0.73% 0.78% 4.9% 5.4% 5.0% 5.1% 5.2% 5.1%
Payout Ratio 4-point trend, +84.7% 49.3% 37.3% 39.9% 26.7% · · · · · · · ·
Annual Payout 12-point trend, +53900000.00 $54M $49M $42M $34M $0 $14M $4M $48M $43M $40M $38M $0

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.89B$1.90B$1.79B$1.58B$1.32B
Gross Margin % 23.0%24.7%24.2%22.6%18.9%
Operating Margin % 9.1%9.8%12.0%11.1%3.9%
Net Income $109M$132M$106M$126M$16M
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.80.50.40.50.6
Current Ratio 2.32.22.72.22.5
Quick Ratio 1.01.01.51.01.2
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $157M$203M$149M$97M$124M

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Institutional owners (13F) 564 filers · $4.8B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
111 (+21 vs prior Q) 40 (-2 vs prior Q) 154 (+20 vs prior Q) 153 (+2 vs prior Q) +10.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $495,295,979 6,702,246 10.42% Shares
EARNEST PARTNERS LLC $458,734,476 4,584,594 9.65% Shares
STATE STREET CORP $437,595,200 4,373,328 9.20% Shares
VANGUARD CAPITAL MANAGEMENT LLC $340,459,954 3,402,558 7.16% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $314,491,282 3,143,027 6.61% Shares
DIMENSIONAL FUND ADVISORS LP $141,556,583 1,414,718 2.98% Shares
GEODE CAPITAL MANAGEMENT, LLC $141,534,025 1,414,141 2.98% Shares
AMERICAN CENTURY COMPANIES INC $136,698,601 1,366,162 2.87% Shares
ALLIANCEBERNSTEIN L.P. $97,748,306 1,207,813 2.06% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $94,105,229 940,488 1.98% Shares
Channing Capital Management, LLC $93,062,104 930,063 1.96% Shares
JENNISON ASSOCIATES LLC $87,519,381 874,669 1.84% Shares
Copeland Capital Management, LLC $72,428,383 723,849 1.52% Shares
Artisan Partners Limited Partnership $70,455,648 704,134 1.48% Shares
Vision One Management Partners, LP $65,370,099 653,309 1.37% Shares
LOOMIS SAYLES & CO L P $61,979,565 619,424 1.30% Shares
ENVESTNET ASSET MANAGEMENT INC $61,039,264 610,027 1.28% Shares
TWO SIGMA INVESTMENTS, LP $56,029,598 559,960 1.18% Shares
NEW YORK STATE COMMON RETIREMENT FUND $49,105,546 490,761 1.03% Shares
VANGUARD FIDUCIARY TRUST CO $47,921,436 478,927 1.01% Shares
NORGES BANK $45,673,788 456,464 0.96% Shares
JONES FINANCIAL COMPANIES LLLP $41,947,453 434,599 0.88% Shares
Gotham Asset Management, LLC $40,731,824 407,074 0.86% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $39,648,975 396,252 0.83% Shares
SNYDER CAPITAL MANAGEMENT L P $37,444,853 374,224 0.79% Shares
Squarepoint Ops LLC $34,348,897 343,283 0.72% Shares
Leeward Investments, LLC - MA $33,929,748 339,094 0.71% Shares
Ensign Peak Advisors, Inc $33,861,805 338,415 0.71% Shares
GRANDFIELD & DODD, LLC $32,711,279 326,916 0.69% Shares
STIFEL FINANCIAL CORP $28,960,096 289,424 0.61% Shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. $28,324,785 283,078 0.60% Shares
BARCLAYS PLC $27,892,226 278,755 0.59% Shares
DAVENPORT & Co LLC $27,342,095 273,257 0.58% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $26,048,120 260,325 0.55% Shares
GAMCO INVESTORS, INC. ET AL $24,956,332 249,414 0.52% Shares
Bridgewater Associates, LP $23,639,275 236,251 0.50% Shares
BlackRock, Inc. $23,210,818 231,969 0.49% Shares
Fisher Asset Management, LLC $22,810,074 227,963 0.48% Shares
Hardman Johnston Global Advisors LLC $21,890,326 218,772 0.46% Shares
Aristotle Capital Boston, LLC $20,947,637 209,350 0.44% Shares
BANK OF AMERICA CORP /DE/ $20,943,758 209,312 0.44% Shares
GOLDMAN SACHS GROUP INC $20,665,792 206,534 0.43% Shares
RHUMBLINE ADVISERS $20,461,900 204,497 0.43% Shares
TimesSquare Capital Management, LLC $19,629,167 242,545 0.41% Shares
HEARTLAND ADVISORS INC $18,004,296 179,935 0.38% Shares
California Public Employees Retirement System $17,681,803 176,712 0.37% Shares
PRINCIPAL FINANCIAL GROUP INC $17,054,226 170,440 0.36% Shares
Pier Capital, LLC $15,882,924 158,734 0.33% Shares
SPEECE THORSON CAPITAL GROUP INC $15,255,000 152,463 0.32% Shares
Swiss National Bank $15,139,078 151,300 0.32% Shares
AMERIPRISE FINANCIAL INC $14,231,336 142,228 0.30% Shares
UBS Group AG $13,925,851 139,175 0.29% Shares
MILLENNIUM MANAGEMENT LLC $13,142,781 131,349 0.28% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $12,963,073 129,553 0.27% Shares
NISSAY ASSET MANAGEMENT CORP /JAPAN $12,658,390 126,508 0.27% Shares
Sea Cliff Partners Management, LP $12,067,736 120,605 0.25% Shares
WELLINGTON MANAGEMENT GROUP LLP $11,859,111 118,520 0.25% Shares
Kodai Capital Management LP $11,510,881 210,206 0.24% Shares
CRAWFORD INVESTMENT COUNSEL INC $11,161,228 111,545 0.23% Shares
Clear Harbor Asset Management, LLC $10,978,283 109,717 0.23% Shares
PINNACLE ASSOCIATES LTD $10,949,282 109,427 0.23% Shares
CASTLEARK MANAGEMENT LLC $10,611,363 106,050 0.22% Shares
Aventail Capital Group, LP $10,268,557 102,624 0.22% Shares
Erste Asset Management GmbH $9,599,578 98,691 0.20% Shares
PRUDENTIAL FINANCIAL INC $9,534,117 95,284 0.20% Shares
SEI INVESTMENTS CO $9,287,240 92,855 0.20% Shares
GABELLI FUNDS LLC $8,882,026 88,767 0.19% Shares
FRONTIER CAPITAL MANAGEMENT CO LLC $8,749,167 87,439 0.18% Shares
RAYMOND JAMES FINANCIAL INC $8,129,218 81,243 0.17% Shares
Retirement Systems of Alabama $7,805,981 78,013 0.16% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $7,799,377 77,947 0.16% Shares
TRILLIUM ASSET MANAGEMENT, LLC $7,534,803 75,302 0.16% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $7,497,031 92,636 0.16% Shares
VANGUARD ASSET MANAGEMENT, Ltd $6,606,161 66,022 0.14% Shares
BNP PARIBAS FINANCIAL MARKETS $6,484,688 64,808 0.14% Shares
FIFTH THIRD BANCORP $6,425,405 64,216 0.14% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $6,243,744 62,400 0.13% Call option
STATE OF WISCONSIN INVESTMENT BOARD $6,191,613 61,879 0.13% Shares
Quantinno Capital Management LP $5,911,919 59,083 0.12% Shares
TUDOR INVESTMENT CORP ET AL $5,905,041 59,015 0.12% Shares
VOYA INVESTMENT MANAGEMENT LLC $5,824,192 58,207 0.12% Shares
ELCO Management Co., LLC $5,690,812 56,874 0.12% Shares
Ceredex Value Advisors LLC $5,628,375 56,250 0.12% Shares
Cetera Investment Advisers $5,217,497 52,144 0.11% Shares
D. E. Shaw & Co., Inc. $5,143,684 51,406 0.11% Shares
JANE STREET GROUP, LLC $5,015,007 50,120 0.11% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $4,974,883 49,719 0.10% Shares
Roubaix Capital, LLC $4,822,892 48,200 0.10% Shares
Kopion Asset Management, LLC $4,688,411 46,856 0.10% Shares
CITIGROUP INC $4,496,496 44,938 0.09% Shares
Legal & General Group Plc $4,430,056 44,274 0.09% Shares
BRANDES INVESTMENT PARTNERS, LP $4,414,847 44,122 0.09% Shares
Apollon Wealth Management, LLC $4,321,601 43,190 0.09% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $4,286,370 42,838 0.09% Shares
CITADEL ADVISORS LLC $4,132,478 41,300 0.09% Put option
JANE STREET GROUP, LLC $4,052,430 40,500 0.09% Call option
Willis Investment Counsel $3,817,289 38,150 0.08% Shares
Markel Group Inc. $3,802,280 38,000 0.08% Shares
VeriStar Capital Management LP $3,735,727 68,220 0.08% Shares
MetLife Investment Management, LLC $3,684,009 36,818 0.08% Shares

Company insiders 58 insiders · 24 officers · 23 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Tom Gentile Chairman, CEO and President May 1, 2026 M 5,560 0 0 $0
David E Berges Chairman & CEO Feb. 1, 2013 M 691,509 0 0 $0
Patrick Winterlich EVP, CFO Oct. 29, 2025 M 40,357 0 1 $-250,309
Wayne C Pensky EVP, CFO Aug. 10, 2017 A 93,313 0 0 $0
Stephen C Forsyth Exec. Vice President and CFO Feb. 12, 2007 M 135,171 0 0 $0
Lyndon John Smith President, Americas & Global Fibers July 29, 2026 M 10,360 0 1 $-151,663
Lilian Regis Brayle President EMEA/AP & Industrial Feb. 2, 2026 A 0 0 $0
Philippe Chevrier President, Aerospace Americas and Global Fibers July 22, 2024 A 394 0 0 $0
Brett Raymond Schneider President, Global Fibers Jan. 21, 2020 F 6,650 0 0 $0
Timothy Swords President, Industrial Jan. 21, 2020 F 11,546 0 0 $0
Michael Canario President - Americas, Aerospace & Corporate Business Development May 11, 2018 A 10,512 0 0 $0
Doron D. Grosman President Feb. 23, 2009 A 0 0 $0
William Hunt President Feb. 7, 2009 M 111,416 0 0 $0
David R Tanonis President, Structures April 24, 2007 S 23,128 0 0 $0
Joseph H Shaulson President, Reinforcements April 3, 2007 M 51,808 0 0 $0
Amy S Evans Senior Vice President and Chief Accounting Officer Feb. 27, 2026 S 1,979 0 1 $-139,200
Gail E Lehman EVP, Chief Legal & Sustainability Officer Feb. 2, 2026 A 20,148 0 0 $0
Thierry Merlot EVP, Strategy Jan. 30, 2026 M 57,941 0 0 $0
Robert Hennemuth EVP, Chief of Staff Feb. 6, 2022 M 47,917 0 0 $0
Kimberly A. Hendricks SVP, Corp. Controller & CAO July 27, 2020 M 34,399 0 0 $0
Ira J Krakower Executive Vice President Nov. 9, 2016 A 256,795 0 0 $0
Michael J Macintyre Treasurer April 25, 2016 M 992 0 0 $0
Mark I Clair VP, Corporate Controller & CAO Jan. 28, 2009 M 1,101 0 0 $0
William J Fazio Corp. Controller and CAO April 23, 2007 M 3,108 0 0 $0
Nick L Stanage Director July 23, 2026 M 509,363 0 0 $0
Patricia Hubbard Director July 10, 2026 A 0 0 $0
James J Cannon Director May 18, 2026 A 0 0 $0
Catherine A Suever Director May 18, 2026 A 22,803 0 0 $0
Neal J. Keating Director May 18, 2026 A 254 0 0 $0
Guy C Hachey Director May 18, 2026 A 5,000 0 0 $0
Cynthia M Egnotovich Director May 18, 2026 A 4,000 0 0 $0
David H Li Director July 10, 2025 M 4,612 0 0 $0
Jeffrey C Campbell Director May 8, 2025 A 17,803 0 0 $0
Thomas A Gendron Director May 2, 2024 A 22,000 0 0 $0
Jeffrey A Graves Director Oct. 6, 2023 A 3,000 0 0 $0
Marilyn Minus Director May 5, 2023 M 5,336 0 0 $0
Joel S Beckman Director Oct. 9, 2020 A 29,271 0 0 $0
Lynn Brubaker Director May 9, 2020 M 1,499 0 0 $0
David L Pugh Director Feb. 12, 2019 A 32,000 0 0 $0
Kim W Foster Director July 6, 2018 A 9,195 0 0 $0
David Charles Hill Director Feb. 15, 2017 A 0 0 0 $0
Sandra L Derickson Director May 8, 2014 A 3,448 0 0 $0
David C Hurley Director May 6, 2010 A 0 0 $0
Robert J Small Director Dec. 29, 2005 C 4,734,282 0 0 $0
James J Gaffney Director Aug. 9, 2005 M 8,117 0 0 $0
BERKSHIRE FUND VI LTD PARTNERSHIP 10% owner March 15, 2006 S 212,472 0 0 $0
GREENBRIAR CO INVESTMENT PARTNERS LP 10% owner March 15, 2006 S 8,417 0 0 $0
GREENBRIAR EQUITY FUND LP 10% owner March 15, 2006 S 421,973 0 0 $0
BERKSHIRE INVESTORS LLC 10% owner March 15, 2006 S 22,311 0 0 $0
BERKSHIRE FUND V L P 10% owner March 15, 2006 S 195,606 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 15 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person May 15, 2008 Initial filing SEC
O.S.S. Capital Management LP, Oscar S. Schafer & Partners I LP, Oscar S. Schafer & Partners II LP, O.S.S. Overseas Fund Ltd., O.S.S. Advisors LLC, Schafer Brothers LLC, Oscar S. Schafer, Peter J. Grondin May 12, 2008 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 25, 2008 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Nov. 27, 2007 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Oct. 23, 2007 Initial filing Board campaign SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person July 26, 2007 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person April 27, 2007 Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 20, 2006 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Jan. 4, 2006 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 18, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 10, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Dec. 28, 2004 Initial filing SEC
Berkshire Fund V, Limited Partnership, Berkshire Fund VI, Limited Partnership, Berkshire Investors LLC, Berkshire Partners LLC, Greenbriar Equity Fund, L.P., Greenbriar Co-Investment Partners, L.P., Greenbriar Equity Group LLC Dec. 21, 2004 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 31, 2003 Initial filing Board campaign SEC
Estate of John J. Lee, Jr. Nov. 26, 2001 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 95 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
TINT · ProShares Trust 4.38% 1,033 NS May 31, 2026 N-PORT
TMFS · RBB Fund, Inc. 3.38% 22,323 NS May 31, 2026 N-PORT
EPMB · Harbor ETF Trust 2.29% 1,099 NS April 30, 2026 N-PORT
EART · Global X Funds 2.22% 10,218 NS April 30, 2026 N-PORT
PJFM · PGIM ETF Trust 2.17% 4,024 NS May 29, 2026 N-PORT
EPSB · Harbor ETF Trust 2.00% 991 NS April 30, 2026 N-PORT
FXZ · First Trust Exchange-Traded AlphaDE… 1.84% 75,307 NS April 30, 2026 N-PORT
IYM · iShares Trust 0.77% 74,089 SH Aug. 8, 2026 Daily
HSMV · First Trust Exchange-Traded Fund III 0.74% 2,409 NS April 30, 2026 N-PORT
RFG · Invesco Exchange-Traded Fund Trust 0.71% 24,560 SH Aug. 8, 2026 Daily
PPA · Invesco Exchange-Traded Fund Trust 0.68% 571,808 SH Aug. 8, 2026 Daily
FNY · First Trust Exchange-Traded AlphaDE… 0.61% 33,890 NS April 30, 2026 N-PORT
ITA · iShares Trust 0.53% 771,739 SH Aug. 8, 2026 Daily
DFEN · Direxion Shares ETF Trust 0.42% 16,530 NS April 30, 2026 N-PORT
IJK · iShares Trust 0.41% 440,822 SH Aug. 8, 2026 Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.41% 18,874 NS April 30, 2026 N-PORT
IVOG · VANGUARD ADMIRAL FUNDS 0.39% 74,425 SH Aug. 8, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.33% 2,858 NS April 30, 2026 N-PORT
NUSC · Nushares ETF Trust 0.26% 35,069 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.25% 3,282 NS April 30, 2026 N-PORT
XJH · iShares Trust 0.25% 10,212 SH Aug. 8, 2026 Daily
PKW · Invesco Exchange-Traded Fund Trust 0.24% 41,250 SH Aug. 8, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.24% 33,646 NS April 30, 2026 N-PORT
ISCG · iShares Trust 0.24% 22,983 SH Aug. 8, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.23% 18,893 SH Aug. 8, 2026 Daily
QVMM · Invesco Exchange-Traded Fund Trust … 0.23% 9,892 SH Aug. 8, 2026 Daily
IJH · iShares Trust 0.21% 2,602,599 SH Aug. 8, 2026 Daily
PTMC · Pacer Funds Trust 0.21% 8,866 NS April 30, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.21% 999,604 SH Aug. 8, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.21% 121,700 SH Aug. 8, 2026 Daily
TRFM · ETF Series Solutions 0.21% 3,402 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.19% 185,502 NS May 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.18% 9,321 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.17% 250,823 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.16% 39,785 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.15% 2,621 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.14% 364,226 NS May 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 30,745 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.14% 1,256 NS April 30, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 6,369 NS April 30, 2026 N-PORT
ESML · iShares Trust 0.13% 36,750 SH Aug. 8, 2026 Daily
SCHM · SCHWAB STRATEGIC TRUST 0.13% 205,103 NS May 31, 2026 N-PORT
ISCB · iShares Trust 0.12% 3,267 SH Aug. 8, 2026 Daily
FTLS · First Trust Exchange-Traded Fund III 0.12% 28,250 NS April 30, 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 0.11% 23,732 NS April 30, 2026 N-PORT
SMMD · iShares Trust 0.10% 37,600 SH Aug. 8, 2026 Daily
UMDD · ProShares Trust 0.10% 366 NS May 31, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.10% 91,469 SH Aug. 8, 2026 Daily
DEUS · DBX ETF Trust 0.10% 2,926 NS May 29, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.09% 865,547 SH Aug. 8, 2026 Daily