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Hawkins, Inc.

HWKN

Basic Materials Specialty Chemicals

Hawkins, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.1 billion, up 11.2% from fiscal 2025.

Revenue
+11.9%
EPS
+23.1%
Free cash flow
+1.32%
Total debt
−17.7%

Quarter to September 2026, against a year earlier

150.95 1.05 −0.69%
Market cap
$3.1B
P/E
36.4×
Fwd P/E
36.0×
Dividend yield
0.51%
F-score
4/9
ROIC
10.1%
Net debt / EBITDA
1.4×
Dividend safety
85/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Net bought
$650.4K
Trades
0 sells · 3 buys
Ownership
3.62%

Capital & Financial Ratios $m

Size
Market Cap 3,140
Revenue ttm 1,139
Net income ttm 86
Free cash flow ttm 93
Net debt Q 222
Valuation
P/E 36.4 (above 35: high)
Forward P/E 36.0 (above 35: high)
Price / sales 2.7
Forward P/S Powerpack
Price / FCF 33.5
Price / book 5.5
Financial health
Current ratio Q 2.3 (at or above 1.5: strong)
Debt / equity Q 0.4 (at or below 0.5: strong)
Interest coverage Q 15.9
Growth
Revenue growth Q +11.9% (above 0%: growing)
Operating income growth Q +23.5% (above 0%: growing)
EPS, this year +6.6%
EPS, next year A +13.8%
Revenue, next year A +9.6%
EPS, past 5 yrs +15.2% (at or above 15%: strong)
EPS, next 5 yrs A +5.7%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 1.2×; over the ten years it ranged from 0.8× in 2020 to 3.9× in 2025.
P/E against its own 10 years 91.64%
10-year low 10-year high
P/S against its own 10 years 88.89%
10-year low 10-year high
P/B against its own 10 years 86.77%
10-year low 10-year high
EV/Sales against its own 10 years 89.66%
10-year low 10-year high
EV/FCF against its own 10 years 73.92%
10-year low 10-year high

Dividends raised every year since 2018

Yield
0.51%
Annual rate
0.77
Payout ratio
18.7%
Growth, 2018–26
+7.27%/yr
  1. 0.45 ’18
  2. 0.46 ’19 +3
  3. 0.47 ’20 +1
  4. 0.51 ’21 +9
  5. 0.56 ’22 +11
  6. 0.62 ’23 +11
  7. 0.68 ’24 +10
  8. 0.74 ’25 +9
  9. 0.78 ’26 +5
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 7 5 4 7
Receivables 114 135 141 149
Inventory 75 84 78 93
Other — — — —
203 231 231 257
2024 2025 2026 Q'26
Payables 56 61 60 70
ST’ Debt 10 10 — —
Other 16 12 21 22
103 97 105 113

Compound Annual Growth %

10y 5y 3y
Sales 10.10% 12.67% 5.04%
Cash Flow 14.79% 26.94% 23.08%
Earnings 16.22% 14.75% 10.74%
Book Value 10.27% 15.02% 15.12%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 1.22 Actual 1.34

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.75 0.72 Miss by 0.03
Q4 FY26 0.76 0.74 Miss by 0.02
Q1 FY26 1.41 1.35 Miss by 0.06
Q2 FY27 1.22 1.34 Beat by 0.12
Q3 FY27 0.72 — Reports 27 January 2027

EPS $

Jun Sep Dec Mar Year
’26 1.35 1.34 — — —
’26 1.40 1.08 0.69 0.74 3.91
’25 1.38 1.16 0.72 0.78 4.03
’24 1.12 1.10 0.71 0.66 3.59
’23 0.94 0.86 0.51 0.55 2.86
’22 0.79 0.67 0.48 0.50 2.44
’21 0.56 0.58 0.38 0.43 1.93
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 316 314 — — —
’26 293 280 244 266 1,084
’25 256 247 226 245 974
’24 251 237 208 223 919
’23 247 241 219 228 935
’22 181 183 187 223 775
’21 143 148 143 163 597
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 35 40 — — —
’26 31 40 36 38 144
’25 18 42 21 31 111
’24 35 58 25 42 159
’23 (9) 28 26 33 77
’22 15 25 (1) 4 43
’21 2 19 6 17 44
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 24 30 — — —
’26 18 29 20 19 87
’25 7 31 12 20 71
’24 27 49 14 31 120
’23 (21) 19 14 24 36
’22 13 21 (10) (8) 15
’21 (3) 15 1 10 23
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 484 504 556 540 597 775 935 919 974 1,084 1,139 +9.4% 1,188 1,265 — +8.0%
Gross margin, % 20.28 17.21 17.24 18.68 20.74 18.92 17.66 21.07 23.15 22.61 22.44 +2.3 pt
EBT 36 (15) 34 39 56 70 83 101 114 109 116 +13.1%
EBT margin, % 7.45 (2.99) 6.03 7.21 9.36 9.03 8.83 11.00 11.74 10.09 10.21 +2.6 pt
Net income 23 (9) 24 28 41 52 60 75 84 82 86 +15.4%
Per share, $
Per share, $ Revenue 22.95 23.77 26.11 25.53 28.39 36.98 44.85 44.05 46.84 52.26 55.02 +9.6%
Earnings 1.07 (0.43) 1.15 1.34 1.95 2.46 2.88 3.61 4.05 3.93 4.14 +15.6%
Cash flow 2.13 1.29 2.25 2.78 2.08 2.05 3.71 7.64 5.34 6.96 7.18 +14.1%
Capex (1.01) (0.91) (0.59) (1.16) (0.97) (1.35) (1.98) (1.87) (1.95) (2.75) (2.68) +11.8%
Free cash flow 1.12 0.38 1.66 1.62 1.11 0.70 1.73 5.77 3.39 4.21 4.50 +15.9%
Book value 10.34 9.53 10.22 11.03 12.62 14.45 16.79 19.46 22.13 25.75 27.22 +10.7%
Shares, m 21 21 21 21 21 21 21 21 21 21 21 (0.2%)
Valuation, ×
Valuation, × P/E 22.90 0.00 16.26 13.33 17.23 18.66 15.20 20.61 26.09 38.98 36.45 18.9
P/S 1.07 0.68 0.71 0.70 1.18 1.24 0.98 1.69 2.26 2.94 2.74 1.3
P/B 2.37 1.68 1.82 1.61 2.66 3.18 2.61 3.83 4.79 5.96 5.55 3.1
EV/Sales 1.27 0.87 0.85 0.80 1.34 1.40 1.09 1.79 2.42 3.17 2.95 1.5
EV/FCF 25.97 54.45 13.35 12.58 34.27 74.08 28.11 13.69 33.42 39.33 36.01 32.9
Cash, $m
Cash, $m Operating cash flow 45 27 48 59 44 43 77 159 111 144 149 +13.9%
Capex (21) (19) (13) (25) (20) (28) (41) (39) (41) (57) (56) +11.6%
Free cash flow 24 8 35 34 23 15 36 120 71 87 93 +15.7%
Balance, $m
Balance, $m Working capital 65 74 84 69 93 126 141 100 133 127 144 +7.6%
Net debt 96 96 75 55 96 122 104 92 154 240 222 +10.8%
Shareholders’ equity 218 202 218 233 265 303 350 406 460 534 564 +10.5%
Returns, %
Returns, % ROA 5.28 (2.27) 6.29 7.32 9.51 9.91 10.37 12.07 11.81 9.29 8.60 +4.0 pt
ROIC 7.71 (2.47) 7.85 9.02 9.67 10.48 12.13 13.07 12.13 9.79 10.07 +2.1 pt
ROE 10.77 (4.37) 11.63 12.57 16.43 18.15 18.40 19.94 19.47 16.40 16.03 +5.6 pt
People
People Employees 659 653 657 656 742 813 851 934 1,035 1,200 — +6.9%
Revenue/emp, $m 0.73 0.77 0.85 0.82 0.80 0.95 1.10 0.98 0.94 0.90 — +2.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Hawkins, Inc. vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AVNT Avient Corporation $4.2B 23.0× 20.0× +10.50% (above 0%: growing) +31.78% (above 0%: growing) +101.69% (above 0%: growing) 30.50% 9.27% Compare
CBT Cabot Corporation $3.7B 17.0× 17.2× +12.24% (above 0%: growing) +79.43% (above 0%: growing) −51.65% (below 0%: shrinking) 20.22% 11.99% Compare
ASH Ashland Inc. $3.5B 67.2× 26.2× +4.40% (above 0%: growing) n/m +400.00% (above 0%: growing) 35.94% 5.82% Compare
CLMT Calumet, Inc. $3.5B — (loss-making) — (loss-making) +40.77% (above 0%: growing) n/m +450.65% (above 0%: growing) 1.27% (2.77%) Compare
HWKN Hawkins, Inc. $3.1B 36.4× 36.0× +11.90% (above 0%: growing) +23.06% (above 0%: growing) +1.32% (above 0%: growing) 24.41% 13.35%
WDFC WD-40 Company $3.0B 36.3× 33.9× +8.14% (above 0%: growing) −31.85% (below 0%: shrinking) +63.49% (above 0%: growing) 52.78% 10.78% Compare
FUL H. B. Fuller Company $2.7B 13.7× 11.7× +5.17% (above 0%: growing) +18.19% (above 0%: growing) −58.41% (below 0%: shrinking) 33.22% 12.07% Compare
KWR Quaker Houghton $2.6B 26.7× 22.1× +10.27% (above 0%: growing) −0.42% (below 0%: shrinking) −92.40% (below 0%: shrinking) 35.54% 8.97% Compare
NGVT Ingevity Corporation $2.0B 33.8× 11.0× −8.41% (below 0%: shrinking) +19.78% (above 0%: growing) −25.13% (below 0%: shrinking) 43.53% 28.25% Compare
Median of peers $3.2B 26.7× 20.0× +9.20% +18.99% +19.18% 34.38% 10.03%

All 61 Specialty Chemicals stocks →

Pay and ownership Proxy statement filed 18 June 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 3.61m 6.19m 467.34
2025 3.15m 5.29m 667.97
2024 2.62m 5.17m 483.32
2023 2.22m 2.24m 275.81
2022 2.12m 3.70m 283.76

Ownership

Directors and executive officers, together 3.70%
50 Hudson Yards, New York, NY 15.10%
2000 Avenue of the Stars, Suite 7.30%
One Congress Street, Suite 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Hawkins, Inc. (HWKN) Latest News

28 Oct

Impact 3 · · Simply Wall St.

27 Oct

Impact 4 · · InvestorsHub
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool

26 Oct

Impact 4 · · Investing.com
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · Associated Press

1 Oct

Impact 4 · · Zacks

29 Sep

Impact 4 · · GlobeNewswire

8 Sep

Impact 3 ·

3 Sep

Impact 3 ·

1 Sep

Impact 3 ·

29 Jul

Impact 3 ·

13 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

30 Apr

Impact 4 ·

21 Mar

Impact 4 · · PR Newswire

12 Feb

Impact 4 · · Simply Wall St.Insider MonkeyInsider MonkeySimply Wall St.Insider MonkeyZacksInsider MonkeyZacks

10 Feb

Impact 4 · · MT Newswires

3 Feb

Impact 3 · · Zacks

2 Feb

Impact 4 · · GlobeNewswire24/7 Wall St.
Impact 4 ·

1 Feb

Impact 3 · · Simply Wall St.

28 Jan

Impact 4 · · GlobeNewswireMotley FoolMotley FoolMT NewswiresMotley FoolMotley FoolStockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance

17 Jan

Impact 3 · · Simply Wall St.

16 Jan

Impact 4 · · 24/7 Wall St.

7 Jan

Impact 3 · · Zacks

HWKN metrics, ten years each

stockrow.com/HWKN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com