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Side-by-side financial comparison of HEXCEL CORP (HXL) and OSI SYSTEMS INC (OSIS). Click either name above to swap in a different company.

HEXCEL CORP is the larger business by last-quarter revenue ($501.5M vs $464.1M, roughly 1.1× OSI SYSTEMS INC). OSI SYSTEMS INC runs the higher net margin — 8.3% vs 7.4%, a 0.9% gap on every dollar of revenue. On growth, OSI SYSTEMS INC posted the faster year-over-year revenue change (10.5% vs 9.9%). Over the past eight quarters, OSI SYSTEMS INC's revenue compounded faster (7.0% CAGR vs 0.1%).

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 ...

OSI Systems, Inc. is an American company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring and anesthesia systems, and optoelectronic devices. As of June 2010, the company employs approximately 3,180 personnel globally and includes subsidiary companies Spacelabs Healthcare, Rapiscan Systems and OSI Optoelectronics.

HXL vs OSIS — Head-to-Head

Bigger by revenue
HXL
HXL
1.1× larger
HXL
$501.5M
$464.1M
OSIS
Growing faster (revenue YoY)
OSIS
OSIS
+0.7% gap
OSIS
10.5%
9.9%
HXL
Higher net margin
OSIS
OSIS
0.9% more per $
OSIS
8.3%
7.4%
HXL
Faster 2-yr revenue CAGR
OSIS
OSIS
Annualised
OSIS
7.0%
0.1%
HXL

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
HXL
HXL
OSIS
OSIS
Revenue
$501.5M
$464.1M
Net Profit
$37.2M
$38.7M
Gross Margin
26.9%
32.7%
Operating Margin
11.5%
12.7%
Net Margin
7.4%
8.3%
Revenue YoY
9.9%
10.5%
Net Profit YoY
28.7%
2.3%
EPS (diluted)
$0.49
$2.22

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.

Revenue
HXL
HXL
OSIS
OSIS
Q1 26
$501.5M
Q4 25
$491.3M
$464.1M
Q3 25
$456.2M
$384.6M
Q2 25
$489.9M
$505.0M
Q1 25
$456.5M
$444.4M
Q4 24
$473.8M
$419.8M
Q3 24
$456.5M
$344.0M
Q2 24
$500.4M
$480.9M
Net Profit
HXL
HXL
OSIS
OSIS
Q1 26
$37.2M
Q4 25
$46.4M
$38.7M
Q3 25
$20.6M
$20.6M
Q2 25
$13.5M
$52.7M
Q1 25
$28.9M
$41.1M
Q4 24
$5.8M
$37.8M
Q3 24
$39.8M
$17.9M
Q2 24
$50.0M
$44.7M
Gross Margin
HXL
HXL
OSIS
OSIS
Q1 26
26.9%
Q4 25
24.6%
32.7%
Q3 25
21.9%
32.0%
Q2 25
22.8%
33.3%
Q1 25
22.4%
33.8%
Q4 24
25.0%
35.1%
Q3 24
23.3%
35.3%
Q2 24
25.3%
32.1%
Operating Margin
HXL
HXL
OSIS
OSIS
Q1 26
11.5%
Q4 25
12.5%
12.7%
Q3 25
7.9%
8.6%
Q2 25
6.1%
14.5%
Q1 25
9.7%
12.7%
Q4 24
1.9%
13.8%
Q3 24
11.5%
8.8%
Q2 24
14.3%
13.1%
Net Margin
HXL
HXL
OSIS
OSIS
Q1 26
7.4%
Q4 25
9.4%
8.3%
Q3 25
4.5%
5.3%
Q2 25
2.8%
10.4%
Q1 25
6.3%
9.3%
Q4 24
1.2%
9.0%
Q3 24
8.7%
5.2%
Q2 24
10.0%
9.3%
EPS (diluted)
HXL
HXL
OSIS
OSIS
Q1 26
$0.49
Q4 25
$2.22
Q3 25
$1.18
Q2 25
$3.04
Q1 25
$2.40
Q4 24
$2.22
Q3 24
$1.05
Q2 24
$2.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HXL
HXL
OSIS
OSIS
Cash + ST InvestmentsLiquidity on hand
$54.1M
$336.7M
Total DebtLower is stronger
$998.1M
$1.0B
Stockholders' EquityBook value
$1.3B
$845.5M
Total Assets
$2.7B
$2.5B
Debt / EquityLower = less leverage
0.79×
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HXL
HXL
OSIS
OSIS
Q1 26
$54.1M
Q4 25
$71.0M
$336.7M
Q3 25
$90.5M
$124.4M
Q2 25
$77.2M
$106.4M
Q1 25
$89.2M
$95.8M
Q4 24
$125.4M
$101.6M
Q3 24
$98.2M
$85.1M
Q2 24
$75.4M
$95.4M
Total Debt
HXL
HXL
OSIS
OSIS
Q1 26
$998.1M
Q4 25
$1.0B
Q3 25
$442.2M
Q2 25
$471.6M
Q1 25
$473.2M
Q4 24
$474.8M
Q3 24
$476.3M
Q2 24
$137.6M
Stockholders' Equity
HXL
HXL
OSIS
OSIS
Q1 26
$1.3B
Q4 25
$1.3B
$845.5M
Q3 25
$1.6B
$946.0M
Q2 25
$1.6B
$951.1M
Q1 25
$1.5B
$879.3M
Q4 24
$1.5B
$825.8M
Q3 24
$1.6B
$786.5M
Q2 24
$1.6B
$863.5M
Total Assets
HXL
HXL
OSIS
OSIS
Q1 26
$2.7B
Q4 25
$2.7B
$2.5B
Q3 25
$2.8B
$2.3B
Q2 25
$2.8B
$2.2B
Q1 25
$2.8B
$2.1B
Q4 24
$2.7B
$2.1B
Q3 24
$2.9B
$2.1B
Q2 24
$2.8B
$1.9B
Debt / Equity
HXL
HXL
OSIS
OSIS
Q1 26
0.79×
Q4 25
1.19×
Q3 25
0.47×
Q2 25
0.50×
Q1 25
0.54×
Q4 24
0.57×
Q3 24
0.61×
Q2 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HXL
HXL
OSIS
OSIS
Operating Cash FlowLast quarter
$62.2M
Free Cash FlowOCF − Capex
$55.5M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
3.2%
1.4%
Cash ConversionOCF / Net Profit
1.61×
TTM Free Cash FlowTrailing 4 quarters
$137.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HXL
HXL
OSIS
OSIS
Q1 26
Q4 25
$125.5M
$62.2M
Q3 25
$110.2M
$17.1M
Q2 25
$23.3M
$562.0K
Q1 25
$-28.5M
$81.6M
Q4 24
$162.6M
$52.5M
Q3 24
$90.1M
$-37.2M
Q2 24
$44.2M
$-29.0M
Free Cash Flow
HXL
HXL
OSIS
OSIS
Q1 26
Q4 25
$107.3M
$55.5M
Q3 25
$96.5M
$10.1M
Q2 25
$8.0M
$-5.6M
Q1 25
$-54.6M
$77.1M
Q4 24
$144.0M
$47.1M
Q3 24
$73.3M
$-44.9M
Q2 24
$21.3M
$-37.5M
FCF Margin
HXL
HXL
OSIS
OSIS
Q1 26
Q4 25
21.8%
12.0%
Q3 25
21.2%
2.6%
Q2 25
1.6%
-1.1%
Q1 25
-12.0%
17.4%
Q4 24
30.4%
11.2%
Q3 24
16.1%
-13.0%
Q2 24
4.3%
-7.8%
Capex Intensity
HXL
HXL
OSIS
OSIS
Q1 26
3.2%
Q4 25
3.7%
1.4%
Q3 25
3.0%
1.8%
Q2 25
3.1%
1.2%
Q1 25
5.7%
1.0%
Q4 24
3.9%
1.3%
Q3 24
3.7%
2.2%
Q2 24
4.6%
1.8%
Cash Conversion
HXL
HXL
OSIS
OSIS
Q1 26
Q4 25
2.70×
1.61×
Q3 25
5.35×
0.83×
Q2 25
1.73×
0.01×
Q1 25
-0.99×
1.98×
Q4 24
28.03×
1.39×
Q3 24
2.26×
-2.07×
Q2 24
0.88×
-0.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HXL
HXL

Segment breakdown not available.

OSIS
OSIS

Security Division$334.7M72%
Optoelectronics And Manufacturing Division$92.8M20%
Healthcare Division$36.5M8%

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