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.

131.66 0.16 −0.12%
Market cap
$2.8B
P/E
33.8×
Fwd P/E
36.3×
Dividend yield
0.58%
F-score
4/9
Altman Z
6.59
Beneish M
−2.69
Dividend safety
85/100

Insider Decisions trades per month

Total buys 0.85
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — 1 — — — — — 2 — —
Sell — — — — — — — — — — — —
Insider Ownership 3.55%

Capital & Financial Ratios $m

Market Cap 2,750.00
Revenue 1,106.10
Net Income 80.63
Free Cash Flow 92.87
Net Debt 236.02
Current Ratio 2.27 (at or above 1.5: strong)
Debt/Equity 0.45 (at or below 0.5: strong)
P/E ratio 33.85
Fwd P/E 36.30 (above 35: high)
P/S ratio 2.47
P/B ratio 4.99
Past 5Y EPS Growth 15.17% (at or above 15%: strong)
This Y EPS Growth 3.88%
Next Y EPS Growth 15.77% (at or above 15%: strong)
Next Y revenue growth 7.96%
Next 5Y EPS Growth 5.66%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 89.03%
10-year low 10-year high
P/S against its own 10 years 83.60%
10-year low 10-year high
P/B against its own 10 years 82.23%
10-year low 10-year high
EV/Sales against its own 10 years 84.15%
10-year low 10-year high
EV/FCF against its own 10 years 63.51%
10-year low 10-year high

Dividends

Payout Ratio 0.20
Annual Dividend Rate 0.77
Annual Dividend Yield 0.58%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.75
0.19
0.19
0.20
2025 0.74
0.18
0.18
0.19
0.19
2024 0.68
0.16
0.16
0.18
0.18
2023 0.62
0.15
0.15
0.16
0.16
2022 0.56
0.14
0.14
0.14
0.14
2021 0.51
0.12
0.12
0.13
0.13
2020 0.47
0.12
0.12
0.12
0.12
2019 0.46
0.12
0.12
0.12
0.12
2018 0.45
0.22
0.11
0.11
2017 0.43
0.21
0.22
2016 0.41
0.20
0.21
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 7 5 4 8
Receivables 114 135 141 152
Inventory 75 84 78 80
Other — — — —
203 231 231 249
2024 2025 2026 Q'26
Payables 56 61 60 63
ST’ Debt 10 10 — —
Other 16 12 21 23
103 97 105 110

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%

Revenue $m

Jun Sep Dec Mar Year
’26 316 — — — —
’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 — — — —
’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 — — — —
’26 18 28 21 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.

EPS $

Jun Sep Dec Mar Year
’26 1.35 — — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 17.10 15.28 16.40 13.41 24.55 33.31 36.62 54.44 98.30 116.05

Analyst estimates 2027–2029

Powerpack
High 27.40 22.02 23.97 29.95 40.40 48.12 73.47 139.55 186.15 174.12
People
People Employees 659 653 657 656 742 813 851 934 1,035 1,200
Revenue/emp, $m 0.73 0.77 0.85 0.82 0.80 0.95 1.10 0.98 0.94 0.90
Income, $m
Income, $m Revenue 484 504 556 540 597 775 935 919 974 1,084
Gross margin, % 20.28 17.21 17.24 18.68 20.74 18.92 17.66 21.07 23.15 22.61
EBT 36 (15) 34 39 56 70 83 101 114 109
EBT margin, % 7.45 (2.99) 6.03 7.21 9.36 9.03 8.83 11.00 11.74 10.09
Net income 23 (9) 24 28 41 52 60 75 84 82
Depreciation 21 62 22 22 23 24 27 32 40 53
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
Earnings 1.07 (0.43) 1.15 1.34 1.95 2.46 2.88 3.61 4.05 3.93
Cash flow 2.13 1.29 2.25 2.78 2.08 2.05 3.71 7.64 5.34 6.96
Capex (1.01) (0.91) (0.59) (1.16) (0.97) (1.35) (1.98) (1.87) (1.95) (2.75)
Free cash flow 1.12 0.38 1.66 1.62 1.11 0.70 1.73 5.77 3.39 4.21
Book value 10.34 9.53 10.22 11.03 12.62 14.45 16.79 19.46 22.13 25.75
Shares, m 21 21 21 21 21 21 21 21 21 21
Valuation, ×
Valuation, × P/E 22.90 0.00 16.26 13.33 17.23 18.66 15.20 20.61 26.09 38.98
P/S 1.07 0.68 0.71 0.70 1.18 1.24 0.98 1.69 2.26 2.94
P/B 2.37 1.68 1.82 1.61 2.66 3.18 2.61 3.83 4.79 5.96
EV/Sales 1.27 0.87 0.85 0.80 1.34 1.40 1.09 1.79 2.42 3.17
EV/FCF 25.97 54.45 13.35 12.58 34.27 74.08 28.11 13.69 33.42 39.33
Cash, $m
Cash, $m Operating cash flow 45 27 48 59 44 43 77 159 111 144
Capex (21) (19) (13) (25) (20) (28) (41) (39) (41) (57)
Free cash flow 24 8 35 34 23 15 36 120 71 87
Balance, $m
Balance, $m Working capital 65 74 84 69 93 126 141 100 133 127
Total debt 103 101 85 60 99 126 112 99 159 244
Net debt 96 96 75 55 96 122 104 92 154 240
Shareholders’ equity 218 202 218 233 265 303 350 406 460 534
Returns, %
Returns, % ROA 5.28 (2.27) 6.29 7.32 9.51 9.91 10.37 12.07 11.81 9.29
ROIC 7.71 (2.47) 7.85 9.02 9.67 10.48 12.13 13.07 12.13 9.79
ROE 10.77 (4.37) 11.63 12.57 16.43 18.15 18.40 19.94 19.47 16.40
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

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 $3.6B 21.0× 14.0× +5.83% (above 0%: growing) +24.56% (above 0%: growing) −16.67% (below 0%: shrinking) 33.54% 12.26% Compare
ASH Ashland Inc. $3.3B 62.4× 24.9× +7.34% (above 0%: growing) n/m +5.26% (above 0%: growing) 34.21% 8.65% Compare
FUL H. B. Fuller Company $2.8B 14.1× 16.8× +5.17% (above 0%: growing) +18.19% (above 0%: growing) −58.41% (below 0%: shrinking) 33.22% 12.07% Compare
HWKN Hawkins, Inc. $2.8B 33.8× 36.3× +7.64% (above 0%: growing) −3.55% (below 0%: shrinking) +30.29% (above 0%: growing) 23.44% 12.25%
KWR Quaker Houghton $2.7B 27.9× 25.2× +10.17% (above 0%: growing) n/m −43.19% (below 0%: shrinking) 35.53% 7.62% Compare
WDFC WD-40 Company $2.7B 30.3× 34.0× +24.35% (above 0%: growing) +45.45% (above 0%: growing) −13.28% (below 0%: shrinking) 56.59% 20.67% Compare
NGVT Ingevity Corporation $2.4B 45.3× 18.5× −5.25% (below 0%: shrinking) n/m −136.08% (below 0%: shrinking) 44.25% 19.13% Compare
IOSP Innospec Inc. $2.4B 19.7× 16.3× +11.76% (above 0%: growing) +32.98% (above 0%: growing) −63.16% (below 0%: shrinking) 28.14% 8.08% Compare
MTX Minerals Technologies Inc. $2.0B — (loss-making) 12.4× +3.69% (above 0%: growing) n/m +5.92% (above 0%: growing) 24.40% (40.17%) Compare
Median of peers $2.7B 27.9× 17.7× +6.59% +28.77% −29.93% 33.88% 10.36%

All 60 Specialty Chemicals stocks →

Hawkins, Inc. (HWKN) key facts

  • Concern: Net income was $81.5 million, or $3.93 per share (basic), a net margin of 7.52%.
  • Strength: Hawkins, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.1 billion, up 11.2% from fiscal 2025.
  • Hawkins, Inc. (HWKN) is a Specialty Chemicals company in the Basic Materials sector, listed on Nasdaq.
  • As of October 16, 2026, HWKN traded at $131.66, a market capitalization of $2.8 billion.
  • At that price the stock trades at 33.8× trailing-twelve-month earnings and 2.5× sales; its P/E is higher than 89% of its own readings over the past ten years.
  • Hawkins, Inc. pays an annual dividend of $0.77 per share, a yield of 0.58%, with a payout ratio of 20.0%.
  • Return on equity was 16.4% and debt-to-equity 0.45.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 6.59 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Hawkins, Inc. (HWKN) Latest News

20 Aug

stockrow.com/HWKN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com