Skip to content
stoqly

Hawkins

HWKN Nasdaq Commodity Chemicals Financials FY2017–FY2026

Hawkins' revenue rose 11.2% to $1.1 billion in fiscal 2026. Its operating margin was 11.2%, down from 12.2% a year earlier. Free cash flow was $86 million, up 23.0%. It paid out $16 million in dividends and buybacks, 18% of free cash flow. The diluted share count fell 0.4%.

Last close · Oct 23, 2026

$132.32

0.6%
Value it Compare
Revenue Total sales reported in the income statement.
$1.1B
11.2% vs prior year
Operating margin Operating income as a share of revenue.
11.2%
1.0 pts
Net income Profit after all expenses, interest and tax.
$81.5M
3.3%
Free cash flow Cash from operations minus capital spending.
$86.1M
23.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
13.1%
2.8 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$2.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
34.3x
On $3.86 EPS (TTM)

About these figures. Share counts and per-share figures for earlier years are restated for a stock split (2-for-1), so every year is on today's share basis.

What Hawkins does

No business description yet.

Legal name
HAWKINS, INC.
Fiscal year ends
March 29, 2026
Latest annual report
—
Accession · CIK
0000046250-26-000018
0000046250

Revenue and margins

Hawkins had $1.1B of revenue in fiscal 2026, up 11.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 15.6% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $86.1M in fiscal 2026, 7.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Hawkins returned $15.7M to shareholders in fiscal 2026, 18% of free cash flow. The diluted share count fell 0.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Hawkins yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$240M and divides by 20.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 34.3x · peers 29.2x · sector 20.1x.

Balance sheet

Cash, debt and the ratios that show how comfortably Hawkins can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $3.5M$7.6M$7.2M$5.1M$3.9M
Debt incl. finance leases $126M$112M$98.7M$149M$244M
Net debt / EBITDA 1.3x0.9x0.7x0.9x1.4x
Debt / equity 0.4x0.3x0.2x0.3x0.5x
Interest coverage 59.5x18.5x22.4x20.6x8.9x
Current ratio 2.2x2.6x2.0x2.4x2.2x
Quick ratio 1.3x1.6x1.2x1.5x1.5x
Total assets $567M$591M$658M$770M$986M
Total liabilities $265M$241M$252M$310M$452M
Shareholders' equity $303M$350M$406M$460M$534M
Net debt (− = net cash) $122M$104M$91.5M$144M$240M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.9M

4 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 27, 2026 Jeffrey P. OldenkampExecutive VP and CFO Bought 1,290 $119.00 $0.2M Form 4
Aug 25, 2026 Douglas A. LangeVP - Water Treatment Group Bought 910 $118.75 $0.1M Form 4
Feb 5, 2026 James A FaulconbridgeDirector Bought 1,500 $129.95 $0.2M Form 4
Feb 4, 2026 James A FaulconbridgeDirector Bought 1,500 $129.29 $0.2M Form 4
Nov 3, 2025 Drew M. GrahekVice President of Operations Bought 1,587 $126.34 $0.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✕
Revenue rose relative to assets ✕ ✕ ✕
F-score 7 / 97 / 94 / 9
Accruals ratio −13.5%−3.8%−7.2%
Altman Z'' 5.555.584.56

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Hawkins HWKN $2.8B 11.2% 11.2% 7.9% 13.1% 34.3x 4
Koppers KOP $767M −10.2% 8.9% 3.6% 8.1% — 8 Compare →
Dow DOW $23.5B −7.0% — −3.6% −4.1% — 3 Compare →
Balchem BCPC $5.7B 8.8% 20.2% 16.7% — 33.3x — Compare →
Royal Gold RGLD $19.4B 43.2% 61.9% — 9.7% 25.2x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $484M $504M $556M $540M $597M $775M $935M $919M $974M $1.1B
Gross profit $98.1M $86.8M $95.9M $101M $124M $147M $165M $194M $226M $245M
Operating income $38.7M −$11.8M $36.8M $41.7M $55.9M $71.2M $88.1M $104M $119M $121M
Interest expense $2.3M $3.0M $3.2M $2.4M $1.3M $1.2M $4.8M $4.7M $5.8M $13.6M
Pretax income $36.0M −$15.1M $33.5M $39.0M $55.9M $70.0M $82.6M $101M $114M $109M
Income tax $13.5M −$5.9M $9.1M $10.6M $14.9M $18.4M $22.5M $25.8M $30.0M $27.8M
Net income $22.6M −$9.2M $24.4M $28.4M $41.0M $51.5M $60.0M $75.4M $84.3M $81.5M
Diluted EPS $1.06 −$0.43 $1.14 $1.33 $1.93 $2.44 $2.86 $3.59 $4.03 $3.91
Diluted shares 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B
Cash flow
Cash from operations $44.9M $27.3M $48.0M $58.9M $43.8M $42.8M $77.4M $160M $111M $144M
Capital expenditure $21.6M $19.7M $12.6M $24.5M $20.8M $28.5M $48.3M $40.2M $41.1M $58.2M
Free cash flow $23.2M $7.7M $35.4M $34.4M $23.0M $14.3M $29.1M $119M $70.0M $86.1M
Depreciation and amortization $20.9M $22.4M $21.8M $21.6M $22.7M $24.1M $27.4M $31.8M $39.9M $52.5M
Stock-based compensation $2.1M $1.4M $2.0M $2.3M $3.3M $3.8M $3.8M $4.9M $6.5M $8.6M
Acquisitions $2.2M $0.0M $0.0M $0.0M $51.0M $21.5M $0.0M $83.5M $87.4M $167M
Share buybacks $0.0M $0.0M $4.4M $5.9M $4.1M $8.5M $6.6M $11.3M $20.7M $0.0M
Dividends paid $8.7M $9.2M $12.0M $9.8M $10.0M $11.1M $12.0M $13.2M $14.6M $15.7M
Dividends and buybacks $8.7M $9.2M $16.3M $15.7M $14.2M $19.6M $18.6M $24.5M $35.3M $15.7M
Balance sheet
Cash and short-term investments $6.9M $5.0M $9.2M $4.3M $3.0M $3.5M $7.6M $7.2M $5.1M $3.9M
Total debt $103M $101M $85.0M $59.7M $98.8M $126M $112M $98.7M $149M $244M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $121M $135M $139M $131M $163M $228M $232M $203M $231M $232M
Current liabilities $55.7M $60.6M $55.4M $62.2M $70.5M $102M $90.9M $103M $97.2M $105M
Inventory $51.2M $59.7M $60.5M $54.4M $63.9M $95.0M $88.8M $74.6M $83.5M $78.2M
Property and equipment, net $122M $124M $119M $126M $145M $162M $186M $209M $225M $266M
Total assets $419M $391M $386M $389M $473M $567M $591M $658M $770M $986M
Total liabilities $201M $189M $168M $156M $207M $265M $241M $252M $310M $452M
Shareholders' equity $218M $202M $218M $234M $265M $303M $350M $406M $460M $534M
Margins
Gross margin 20.3% 17.2% 17.2% 18.7% 20.7% 18.9% 17.7% 21.1% 23.2% 22.6%
Operating margin 8.0% −2.3% 6.6% 7.7% 9.4% 9.2% 9.4% 11.3% 12.2% 11.2%
EBITDA margin 12.3% 2.1% 10.5% 11.7% 13.2% 12.3% 12.4% 14.8% 16.3% 16.0%
Net margin 4.7% −1.8% 4.4% 5.3% 6.9% 6.7% 6.4% 8.2% 8.7% 7.5%
FCF margin 4.8% 1.5% 6.4% 6.4% 3.9% 1.9% 3.1% 13.0% 7.2% 7.9%
Returns
Return on capital 7.8% −3.0% 9.1% 10.4% 12.6% 13.4% 14.6% 16.3% 16.0% 13.1%
Return on capital employed 10.5% −3.4% 11.2% 12.7% 15.3% 16.4% 18.3% 19.7% 19.4% 15.6%
Return on equity 10.8% −4.4% 11.6% 12.6% 16.4% 18.2% 18.4% 19.9% 19.5% 16.4%
Return on assets 5.3% −2.3% 6.3% 7.3% 9.5% 9.9% 10.4% 12.1% 11.8% 9.3%
Growth
Revenue growth 16.8% 4.3% 10.4% −2.9% 10.5% 29.8% 20.7% −1.7% 6.0% 11.2%
Net income growth 24.3% −140.7% — 16.1% 44.5% 25.8% 16.5% 25.5% 11.9% −3.3%
EPS growth 23.8% −140.4% — 16.7% 45.1% 26.4% 17.2% 25.5% 12.3% −3.0%
FCF growth 91.3% −67.1% 362.6% −2.9% −33.1% −37.7% 103.0% 310.4% −41.4% 23.0%
Share count change 0.2% 0.5% 0.8% −0.7% −0.2% −0.6% −0.6% 0.0% −0.4% −0.4%
Financial health
Net debt / EBITDA 1.6x 9.0x 1.3x 0.9x 1.2x 1.3x 0.9x 0.7x 0.9x 1.4x
Debt / equity 0.5x 0.5x 0.4x 0.3x 0.4x 0.4x 0.3x 0.2x 0.3x 0.5x
Interest coverage 16.5x −3.9x 11.7x 17.3x 43.4x 59.5x 18.5x 22.4x 20.6x 8.9x
Current ratio 2.2x 2.2x 2.5x 2.1x 2.3x 2.2x 2.6x 2.0x 2.4x 2.2x
Quick ratio 1.3x 1.2x 1.4x 1.2x 1.4x 1.3x 1.6x 1.2x 1.5x 1.5x
Capital allocation
Capex / revenue 4.5% 3.9% 2.3% 4.5% 3.5% 3.7% 5.2% 4.4% 4.2% 5.4%
Stock comp / revenue 0.4% 0.3% 0.4% 0.4% 0.6% 0.5% 0.4% 0.5% 0.7% 0.8%
Payouts / FCF 37.4% 119.8% 46.2% 45.6% 61.6% 136.8% 63.8% 20.5% 50.4% 18.2%
Quality scores
Piotroski F-score 5.0 4.0 8.0 7.0 8.0 5.0 7.0 7.0 7.0 4.0
Altman Z'' 4.1 3.4 4.8 5.0 4.9 5.0 5.8 5.6 5.6 4.6
Accruals ratio −5.2% −9.0% −6.1% −7.9% −0.7% 1.7% −3.0% −13.5% −3.8% −7.2%

Source: SEC EDGAR XBRL filings (CIK 0000046250). Data updated October 21, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open