A Business at a Glance
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HAWKINS INC
HWKN
$2.9B
Mkt Cap
$139.03
-0.22%
HAWKINS INC (HWKN) has a current P/E ratio of 29.8, compared to its historical median P/E of 17.2. The stock is currently considered Expensive based on its historical valuation range.
HAWKINS INC (HWKN) has a 5-year average return on invested capital (ROIC) of 14.8%. This indicates solid capital allocation.
HAWKINS INC (HWKN) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
Yes, HAWKINS INC (HWKN) pays a dividend with a trailing twelve-month yield of 0.54%.
Based on historical P/E analysis, HAWKINS INC (HWKN) appears expensive. The current P/E of 29.8 is 74% above its historical median of 17.2. The estimated fair value CAGR (P/E method) is 27.7%.
HAWKINS INC (HWKN) operates in the Wholesale-Chemicals & Allied Products industry, within the Consumer Defensive sector.
HAWKINS INC (HWKN) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS We are a leading water treatment and specialty ingredients company that formulates, manufactures, distributes, and blends products for our Water Treatment, Industrial and Health and Nutrition customers. We believe that we create value for our customers through superb service and support, quality products, personalized applications and trustworthy, creative employees. We conduct our business in three segments: Water Treatment, Industrial, and Health and Nutrition. Water Treatment Segment. Our Water Treatment Group specializes in providing chemicals, products, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, mainly non-residential swimming pool water and agricultural water. This group has the resources and flexibility to treat systems ranging in size from a single small well to a multi-million-gallon-per-day facility.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 974M | 919M | 935M | 775M |
| Net Income | 82M | 82M | 84M | 75M | 60M | 52M |
| EPS | $3.91 | $3.91 | $4.03 | $3.59 | $2.86 | $2.44 |
| Free Cash Flow | 86M | 86M | 70M | 119M | 29M | 14M |
| ROIC | 11.7% | 13.1% | 16.0% | 16.5% | 14.8% | 13.5% |
| Gross Margin | 22.6% | 22.6% | 23.1% | 21.1% | 17.7% | 18.9% |
| Debt/Equity | 0.46 | 0.46 | 0.35 | 0.24 | 0.32 | 0.41 |
| Dividends/Share | $0.75 | $0.75 | $0.70 | $0.63 | $0.57 | $0.52 |
| Operating Income | 121M | 121M | 119M | 104M | 88M | 71M |
| Operating Margin | 11.2% | 11.2% | 12.2% | 11.3% | 9.4% | 9.2% |
| ROE | 15.3% | 16.4% | 19.5% | 19.9% | 18.4% | 18.2% |
| Shares Outstanding | 21M | 21M | 21M | 21M | 21M | 21M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 364M | 414M | 484M | 504M | 556M | 540M | 597M | 775M | 935M | 919M | 974M | 1.1B | 1.1B |
| Gross Margin | 18.1% | 19.4% | 20.3% | 17.2% | 17.2% | 18.7% | 20.7% | 18.9% | 17.7% | 21.1% | 23.1% | 22.6% | 22.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 35M | 49M | 59M | 59M | 59M | 59M | 68M | 75M | 77M | 90M | 106M | 124M | 124M |
| EBIT | 30M | 31M | 39M | -12M | 37M | 42M | 56M | 71M | 88M | 104M | 119M | 121M | 121M |
| Op. Margin | 8.4% | 7.5% | 8.0% | -2.3% | 6.6% | 7.7% | 9.4% | 9.2% | 9.4% | 11.3% | 12.2% | 11.2% | 11.2% |
| Net Income | 19M | 18M | 23M | -9.2M | 24M | 28M | 41M | 52M | 60M | 75M | 84M | 82M | 82M |
| Net Margin | 5.3% | 4.4% | 4.7% | -1.8% | 4.4% | 5.3% | 6.9% | 6.7% | 6.4% | 8.2% | 8.7% | 7.5% | 7.5% |
| Non-Recurring | -45K | 33K | -322K | 39M | -537K | -656K | 107K | -93K | -87K | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 12.0% | 7.5% | 7.8% | -3.0% | 7.3% | 10.6% | 12.8% | 13.5% | 14.8% | 16.5% | 16.0% | 13.1% | 11.7% |
| ROE | 10.2% | 9.2% | 10.8% | -4.4% | 11.6% | 12.6% | 16.4% | 18.2% | 18.4% | 19.9% | 19.5% | 16.4% | 15.3% |
| ROA | 7.9% | 5.3% | 5.3% | -2.3% | 6.3% | 7.3% | 9.5% | 9.9% | 10.4% | 12.1% | 11.8% | 9.3% | 8.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 21M | 36M | 45M | 27M | 48M | 59M | 44M | 43M | 77M | 159M | 111M | 144M | 144M |
| Free Cash Flow | 6.1M | 12M | 23M | 7.6M | 35M | 34M | 23M | 14M | 29M | 119M | 70M | 86M | 86M |
| Owner Earnings | 6.0M | 19M | 22M | 3.6M | 24M | 35M | 18M | 15M | 46M | 123M | 65M | 83M | 83M |
| CapEx | 15M | 24M | 22M | 20M | 13M | 25M | 21M | 29M | 48M | 40M | 41M | 58M | 58M |
| Maint. CapEx | 13M | 16M | 21M | 22M | 22M | 22M | 23M | 24M | 27M | 32M | 40M | 53M | 53M |
| Growth CapEx | 1.5M | 8.7M | 741K | 0 | 0 | 3.0M | 0 | 4.4M | 21M | 8.3M | 1.1M | 5.7M | 5.7M |
| D&A | 13M | 16M | 21M | 22M | 22M | 22M | 23M | 24M | 27M | 32M | 40M | 53M | 53M |
| CapEx/OCF | 70.4% | 66.6% | 48.2% | 72.0% | 26.3% | 41.7% | 47.5% | 66.6% | 62.4% | 25.2% | 37.0% | N/A | 40.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 7.9M | 8.3M | 8.7M | 9.2M | 12M | 9.8M | 10M | 11M | 12M | 13M | 15M | 16M | 16M |
| Dividend Yield | 2.4% | 2.4% | 2.1% | 2.4% | 1.6% | 1.2% | 1.0% | 1.5% | 1.5% | 1.1% | 0.7% | N/A | 0.5% |
| Share Buybacks | 2.2M | 4.8M | 0 | 0 | 4.4M | 5.9M | 4.1M | 8.5M | 6.6M | 11M | 21M | 0 | 0 |
| Buyback Yield | 0.7% | 1.5% | N/A | N/A | 1.2% | 1.8% | 0.6% | 0.9% | 0.7% | 0.7% | 0.9% | 0.0% | 0.0% |
| Stock-Based Comp | 1.6M | 1.7M | 2.1M | 1.4M | 2.0M | 2.3M | 3.3M | 3.8M | 3.8M | 4.9M | 6.5M | 8.6M | 8.6M |
| Debt Repayment | 0 | 1.3M | 5.6M | 8.1M | 85M | 0 | 0 | 126M | 0 | 0 | 0 | 764K | 764K |
| Balance Sheet | |||||||||||||
| Net Debt | -22M | 109M | 96M | 246M | 75M | 55M | 96M | 122M | 104M | 92M | 154M | 240M | 240M |
| Cash & Equiv. | 7.3M | 20M | 6.9M | 5.0M | 9.2M | 4.3M | 3.0M | 3.5M | 7.6M | 7.2M | 5.1M | 3.9M | 3.9M |
| Long-Term Debt | 0 | 124M | 95M | 91M | 75M | 50M | 89M | 116M | 102M | 89M | 149M | 244M | 244M |
| Debt/Equity | 0.00 | 0.64 | 0.47 | 1.24 | 0.39 | 0.26 | 0.37 | 0.41 | 0.32 | 0.24 | 0.35 | 0.46 | 0.46 |
| Interest Coverage | 800.4 | 103.9 | 14.6 | -3.5 | 11.0 | 16.6 | 38.1 | 50.7 | 16.8 | 24.3 | 21.9 | 9.0 | 9.0 |
| Equity | 194M | 201M | 218M | 202M | 218M | 233M | 265M | 303M | 350M | 406M | 460M | 534M | 534M |
| Total Assets | 248M | 436M | 419M | 391M | 386M | 389M | 473M | 567M | 591M | 658M | 770M | 986M | 986M |
| Total Liabilities | 54M | 236M | 201M | 189M | 168M | 156M | 207M | 265M | 241M | 252M | 310M | 452M | 452M |
| Intangibles | 11M | 83M | 77M | 71M | 66M | 61M | 76M | 80M | 73M | 117M | 150M | 233M | 233M |
| Retained Earnings | 143M | 152M | 166M | 147M | 164M | 183M | 214M | 254M | 302M | 365M | 434M | 500M | 500M |
| Working Capital | 78M | 78M | 65M | 74M | 84M | 69M | 93M | 126M | 141M | 100M | 133M | 127M | 127M |
| Current Assets | 114M | 137M | 121M | 135M | 139M | 131M | 163M | 228M | 232M | 203M | 231M | 231M | 231M |
| Current Liabilities | 36M | 60M | 56M | 61M | 55M | 62M | 70M | 101M | 91M | 103M | 97M | 105M | 105M |
| Per Share Data | |||||||||||||
| EPS | 0.91 | 0.86 | 1.07 | -0.43 | 0.57 | 0.67 | 0.97 | 2.44 | 2.86 | 3.59 | 4.03 | 3.91 | 3.91 |
| Owner EPS | 0.28 | 0.91 | 1.03 | 0.17 | 0.57 | 0.82 | 0.42 | 0.70 | 2.20 | 5.85 | 3.09 | 3.99 | 3.99 |
| Book Value | 9.14 | 9.53 | 10.29 | 9.48 | 5.08 | 5.47 | 6.25 | 14.33 | 16.67 | 19.34 | 21.99 | 25.60 | 25.60 |
| Cash Flow/Share | 0.97 | 1.72 | 2.12 | 1.28 | 1.12 | 1.38 | 1.03 | 2.03 | 3.69 | 7.60 | 5.31 | 6.92 | 6.43 |
| Dividends/Share | 0.38 | 0.40 | 0.42 | 0.44 | 0.28 | 0.23 | 0.24 | 0.52 | 0.57 | 0.63 | 0.70 | 0.75 | 0.75 |
| Shares Out. | 21.2M | 21.1M | 21.2M | 21.3M | 42.9M | 42.7M | 42.5M | 21.1M | 21.0M | 21.0M | 20.9M | 20.9M | 20.9M |
| Valuation | |||||||||||||
| P/E Ratio | 17.6 | 17.4 | 20.2 | N/A | 15.1 | 11.7 | 16.5 | 17.9 | 14.8 | 21.1 | 26.2 | N/A | 35.6 |
| P/FCF | 55.4 | 26.1 | 19.6 | 42.6 | 20.8 | 19.3 | 58.8 | 64.4 | 30.5 | 13.4 | 31.6 | N/A | 33.7 |
| EV/EBIT | 10.0 | 13.2 | 14.3 | N/A | 12.1 | 9.4 | 13.9 | 14.8 | 11.3 | 16.2 | 19.8 | N/A | 25.9 |
| Price/Book | 1.7 | 1.6 | 2.1 | 1.6 | 1.7 | 1.4 | 2.5 | 3.0 | 2.5 | 3.9 | 4.8 | N/A | 5.4 |
| Price/Sales | 0.9 | 0.8 | 0.9 | 0.8 | 0.7 | 0.7 | 0.8 | 1.0 | 0.9 | 1.3 | 2.3 | N/A | 2.7 |
| FCF Yield | 1.8% | 3.8% | 5.1% | 2.3% | 9.6% | 10.4% | 3.4% | 1.6% | 3.3% | 7.5% | 3.2% | N/A | 3.0% |
| Market Cap | 338M | 317M | 456M | 325M | 368M | 331M | 676M | 923M | 886M | 1.6B | 2.2B | 0 | 2.9B |
| Avg. Price | 15.55 | 16.16 | 19.44 | 17.99 | 17.26 | 18.98 | 23.34 | 34.98 | 38.45 | 56.38 | 106.86 | 0.00 | 139.03 |
| Year-End Price | 15.94 | 15.01 | 21.51 | 15.25 | 17.18 | 15.54 | 31.82 | 43.67 | 42.22 | 75.91 | 105.58 | 0.00 | 139.03 |
HAWKINS INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
HAWKINS INC trades at 29.8x trailing earnings, compared to its 15-year median P/E of 17.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 29.1x vs a median of 30.5x. The company's 5-year average ROIC is 14.8% with a gross margin of 20.7%. Total shareholder yield (dividends) is 0.5%. At current prices, the estimated annualized return to fair value is +10.6%.
HAWKINS INC (HWKN) has a net profit margin of 7.5%. This is a modest margin.
HAWKINS INC (HWKN) generated $86 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HAWKINS INC (HWKN) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
HAWKINS INC (HWKN) reported earnings per share (EPS) of $3.91 in its most recent fiscal year.
HAWKINS INC (HWKN) has a return on equity (ROE) of 16.4%. This indicates the company generates strong returns for shareholders.
HAWKINS INC (HWKN) has a 5-year average gross margin of 20.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for HAWKINS INC (HWKN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HAWKINS INC (HWKN) has a book value per share of $25.60, based on its most recent annual SEC filing.
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