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. In the quarter to June 2026, revenue grew 7.64%, EPS fell 3.55%, free cash flow grew 30.3% and total debt fell 18.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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Hawkins, Inc. (HWKN) Altman Z-score
Hawkins, Inc.'s Altman Z-score for fiscal 2026 is 6.59, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 6.59 | (0.45) |
| FY2025 | 7.04 | 0.35 |
| FY2024 | 6.69 | 1.34 |
| FY2023 | 5.36 | 0.50 |
| FY2022 | 4.85 | 0.29 |
| FY2021 | 4.56 | 0.50 |
| FY2020 | 4.06 | 0.04 |
| FY2019 | 4.02 | 0.89 |
| FY2018 | 3.13 | (0.61) |
| FY2017 | 3.75 | 0.89 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.13 | — | 0.15 | |
| Retained earnings / total assets | 0.51 | — | 0.71 | |
| EBIT / total assets | 0.12 | — | 0.41 | |
| Market value of equity / total liabilities | 7.04 | — | 4.23 | |
| Sales / total assets | 1.10 | — | 1.10 | |
| Altman Z-score | Safe zone | 6.59 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.56 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| WDFC WD-40 Company compare | 12.5× |
| HWKN Hawkins, Inc. | 6.6× |
| IOSP Innospec Inc. compare | 4.8× |
| MTX Minerals Technologies Inc. compare | 2.5× |
| KWR Quaker Houghton compare | 2.3× |
| FUL H. B. Fuller Company compare | 2.2× |
| NGVT Ingevity Corporation compare | 1.8× |
| AVNT Avient Corporation compare | 1.7× |
| ASH Ashland Inc. compare | 1.2× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets