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Side-by-side financial comparison of Diversified Energy Co (DEC) and HEXCEL CORP (HXL). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $501.5M, roughly 1.3× HEXCEL CORP). Diversified Energy Co runs the higher net margin — 29.3% vs 7.4%, a 21.9% gap on every dollar of revenue.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Hexcel Corporation is an American public industrial materials company, based in Stamford, Connecticut. The company develops and manufactures structural materials. Hexcel was formed from the combination of California Reinforced Plastics, Ciba Composites and Hercules Composites Products Division. The company sells its products in commercial, military and recreational markets for use in commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, sports equipment ...
DEC vs HXL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $666.5M | $501.5M |
| Net Profit | $195.5M | $37.2M |
| Gross Margin | — | 26.9% |
| Operating Margin | 37.6% | 11.5% |
| Net Margin | 29.3% | 7.4% |
| Revenue YoY | — | 9.9% |
| Net Profit YoY | — | 29.6% |
| EPS (diluted) | — | $0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $501.5M | ||
| Q4 25 | $666.5M | $491.3M | ||
| Q3 25 | $499.8M | $456.2M | ||
| Q2 25 | $600.3M | $489.9M | ||
| Q1 25 | — | $456.5M | ||
| Q4 24 | — | $473.8M | ||
| Q3 24 | — | $456.5M | ||
| Q2 24 | — | $500.4M |
| Q1 26 | — | $37.2M | ||
| Q4 25 | $195.5M | $46.4M | ||
| Q3 25 | $171.1M | $20.6M | ||
| Q2 25 | $297.7M | $13.5M | ||
| Q1 25 | — | $28.9M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | — | $39.8M | ||
| Q2 24 | — | $50.0M |
| Q1 26 | — | 26.9% | ||
| Q4 25 | — | 24.6% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | 44.7% | 22.8% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 25.3% |
| Q1 26 | — | 11.5% | ||
| Q4 25 | 37.6% | 12.5% | ||
| Q3 25 | 36.2% | 7.9% | ||
| Q2 25 | 48.5% | 6.1% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 14.3% |
| Q1 26 | — | 7.4% | ||
| Q4 25 | 29.3% | 9.4% | ||
| Q3 25 | 34.2% | 4.5% | ||
| Q2 25 | 49.6% | 2.8% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 10.0% |
| Q1 26 | — | $0.49 | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.14 | — | ||
| Q2 25 | $3.67 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $54.1M |
| Total DebtLower is stronger | $2.7B | $998.1M |
| Stockholders' EquityBook value | $984.1M | $1.3B |
| Total Assets | $6.2B | $2.7B |
| Debt / EquityLower = less leverage | 2.76× | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $54.1M | ||
| Q4 25 | $29.7M | $71.0M | ||
| Q3 25 | — | $90.5M | ||
| Q2 25 | $23.7M | $77.2M | ||
| Q1 25 | — | $89.2M | ||
| Q4 24 | — | $125.4M | ||
| Q3 24 | — | $98.2M | ||
| Q2 24 | — | $75.4M |
| Q1 26 | — | $998.1M | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $984.1M | $1.3B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $727.7M | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $6.2B | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | 0.79× | ||
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | ||
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | — |
| Free Cash FlowOCF − Capex | $280.0M | — |
| FCF MarginFCF / Revenue | 42.0% | — |
| Capex IntensityCapex / Revenue | 27.7% | 3.2% |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $464.6M | $125.5M | ||
| Q3 25 | — | $110.2M | ||
| Q2 25 | $264.1M | $23.3M | ||
| Q1 25 | — | $-28.5M | ||
| Q4 24 | — | $162.6M | ||
| Q3 24 | — | $90.1M | ||
| Q2 24 | — | $44.2M |
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | $107.3M | ||
| Q3 25 | — | $96.5M | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $-54.6M | ||
| Q4 24 | — | $144.0M | ||
| Q3 24 | — | $73.3M | ||
| Q2 24 | — | $21.3M |
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | 21.8% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | -12.0% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | 27.7% | 3.7% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | 2.70× | ||
| Q3 25 | — | 5.35× | ||
| Q2 25 | 0.89× | 1.73× | ||
| Q1 25 | — | -0.99× | ||
| Q4 24 | — | 28.03× | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 0.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.