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H

Hexagon Composites A HEX.OL · NOK

Industrials · Oslo Børs · 🇳🇴 Norway

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12.30

+4.41%

Close of 9 Nov 2026, in NOK

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At a glance

Figures in NOK, from our data supplier.

FY2025

Revenue

NOK 2.95bn

FY2016FY2025

Net income

−NOK 1.13bn

FY2016FY2025

Free cash flow

−NOK 173.3m

FY2016FY2025

Shareholders' equity

NOK 2.67bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueNOK 2.95bnNOK 4.86bnNOK 4.52bnNOK 4.91bnNOK 3.54bnNOK 3.07bnNOK 3.40bnNOK 1.49bnNOK 1.41bnNOK 1.22bn
Gross profitNOK 1.47bnNOK 2.35bnNOK 2.02bnNOK 2.26bnNOK 1.84bnNOK 1.57bnNOK 1.73bnNOK 788.4mNOK 761.9mNOK 576.7m
Research and development————————NOK 65.5mNOK 49.3m
Operating income−NOK 285.1m−NOK 777.1m−NOK 556.4m−NOK 319.2m−NOK 192.5m−NOK 8.1mNOK 120.1mNOK 86.2mNOK 99.3mNOK 299.3m
Net income−NOK 1.13bn−NOK 279.1mNOK 1.21bn−NOK 426.0m−NOK 327.6m−NOK 147.8mNOK 107.5mNOK 141.5mNOK 69.5mNOK 208.3m
Diluted earnings per share-4.53-1.335.87-2.12-2.26-0.740.540.710.351.04

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsNOK 5.29bnNOK 7.14bnNOK 6.43bnNOK 7.90bnNOK 6.52bnNOK 6.16bnNOK 4.83bnNOK 2.62bnNOK 2.39bnNOK 2.42bn
Cash and short-term investmentsNOK 230.8mNOK 420.1mNOK 154.3mNOK 713.5mNOK 600.2mNOK 1.64bnNOK 169.3mNOK 138.5mNOK 171.6mNOK 208.1m
Total liabilitiesNOK 2.62bnNOK 3.54bnNOK 3.21bnNOK 4.43bnNOK 3.03bnNOK 2.57bnNOK 2.67bnNOK 1.08bnNOK 978.9mNOK 1.09bn
DebtNOK 1.69bnNOK 1.89bnNOK 1.56bnNOK 2.27bnNOK 1.47bnNOK 1.48bnNOK 1.60bnNOK 521.9mNOK 386.9mNOK 445.8m
Shareholders' equityNOK 2.67bnNOK 3.60bnNOK 3.21bnNOK 2.99bnNOK 3.11bnNOK 3.18bnNOK 2.15bnNOK 1.54bnNOK 1.41bnNOK 1.33bn
Shares outstanding250m210m205m201m145m200m200m200m200m200m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations−NOK 36.7mNOK 123.2mNOK 238.8mNOK 98.6m−NOK 344.7mNOK 229.2mNOK 147.9mNOK 154.6mNOK 90.4m−NOK 4.0m
Capital spending−NOK 136.7m−NOK 290.8m−NOK 623.3m−NOK 582.9m−NOK 361.0m−NOK 177.1m−NOK 203.9m−NOK 176.8m−NOK 78.6m−NOK 87.9m
Free cash flow−NOK 173.3m−NOK 167.6m−NOK 384.5m−NOK 484.4m−NOK 705.7mNOK 52.1m−NOK 56.0m−NOK 22.2mNOK 11.8m−NOK 91.9m
Dividends paid—————−NOK 147.8m—−NOK 49.6m−NOK 49.6m−NOK 49.6m

Latest quarters

By quarter end

Jun 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024
RevenueNOK 620.1mNOK 831.0mNOK 537.4mNOK 674.1mNOK 911.4mNOK 1.52bnNOK 1.25bnNOK 1.15bn
Gross profitNOK 359.3mNOK 522.6mNOK 284.2mNOK 337.1mNOK 433.1mNOK 716.7mNOK 634.2mNOK 562.6m
Operating incomeNOK 6.5mNOK 114.1m−NOK 52.1m−NOK 56.0m−NOK 551.7m−NOK 376.0mNOK 113.4mNOK 73.7m
Net income−NOK 69.9m−NOK 87.5m−NOK 263.6mNOK 55.3m−NOK 835.9m−NOK 715.3mNOK 2.2mNOK 591.7m
Diluted earnings per share-0.28-0.35-1.060.22-3.35-3.410.012.94
Cash from operationsNOK 154.0m−NOK 36.0m−NOK 162.0m−NOK 143.0mNOK 15.0mNOK 123.0mNOK 14.0m−NOK 51.0m
Capital spending−NOK 12.0m−NOK 136.0m−NOK 115.0m−NOK 72.0m−NOK 41.0m−NOK 290.0m−NOK 90.0m−NOK 76.0m
Free cash flowNOK 142.0m−NOK 172.0m−NOK 277.0m−NOK 215.0m−NOK 26.0m−NOK 167.0m−NOK 76.0m−NOK 127.0m
Total assets—NOK 5.29bnNOK 5.24bnNOK 5.52bnNOK 5.60bnNOK 7.08bnNOK 7.28bnNOK 6.68bn
Cash and short-term investments—NOK 230.8mNOK 82.3mNOK 129.5mNOK 151.0mNOK 422.3mNOK 566.9m—
Debt—NOK 1.69bnNOK 1.55bnNOK 1.91bnNOK 1.79bnNOK 1.63bnNOK 1.62bnNOK 1.09bn
Shareholders' equity—NOK 2.67bnNOK 2.71bnNOK 2.41bnNOK 2.52bnNOK 3.53bnNOK 4.06bnNOK 3.77bn

Financial ratios

Data as of 30 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013FY2012
Gross margin49.8%48.3%44.6%45.9%52.1%51.1%————————
Operating margin-35.0%-3.8%-12.3%-3.9%-5.4%-0.3%————————
Net margin-38.3%-5.7%26.7%-8.7%-9.3%-4.8%————————
Return on equity-42.3%-7.8%37.5%-14.2%-10.5%-4.6%————————
Return on assets-21.4%-3.9%18.8%-5.4%-5.0%-2.4%————————
Free cash flow yield——36.9%29.8%1.0%17.9%15.5%14.6%——————
Revenue growth-39.3%7.5%-8.0%38.8%15.3%-9.8%————————
Earnings growth305.4%-123.2%-383.0%30.0%121.7%-237.5%————————
Current ratio3.18x1.93x0.73x1.66x2.38x3.23x————————
Debt to equity0.46x0.30x0.00x0.60x0.40x0.39x————————
Equity ratio50.5%50.4%50.0%37.9%47.7%51.6%————————
Interest coverage-5.24x-1.01x-3.13x-1.81x-3.40x-0.10x————————
R&D as a share of sales————————4.7%4.0%3.2%1.6%1.2%1.2%
Buybacks as a share of market value——-2.2%-38.8%27.6%0.0%0.0%0.0%——————

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-15.6%-0.8%7.4%
Operating income-3.7%103.7%—
Net income38.5%50.3%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin48.9%46.9%48.2%48.8%
Operating margin-13.6%-11.2%-9.0%-4.6%
Net margin-18.0%-3.7%-4.6%-1.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-1.7-34.24.9-9.9-11.1-56.646.924.054.917.9
Price to sales0.72.01.30.91.02.71.52.32.73.1

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 20 Apr 2018.

FY2018FY2015FY2014FY2013FY2011FY2010FY1998
Paid in the year0.300.620.330.150.070.230.675
  • 1-to-1 reverse split · 22 Jan 2007

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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