HWKN
HAWKINS INC
Next earnings Jul 28, 2026 · consensus $1.44 EPS, $320M rev
Last earnings -4.0% on 2026-05-13
$161.59
▼ -2.37%$161.59▲ +16.10%
over 1Y
L $119.87EODHDH $183.81
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.4%
1W-0.3%
1M+2.0%
3M+6.4%
YTD+11.5%
1Y+16.1%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
Quality specialty-chemicals transformation, but FY26 EPS slipped while the multiple stayed rich — own it, don't add up here.
Revenue $1.08B · FY2026
The read
Middling fundamentals and a rich price (~65% above fair value) leave little margin of safety — a wait-and-see.
Hawkins is a real business in transition: management is deliberately repositioning from a 'bulk commodity distributor into a specialty ingredients company,' realigning into three new segments and spending aggressively to get there. FY26 revenue jumped 11.2% to $1.08B and operating cash flow surged 29.9% to $144M, but GAAP diluted EPS actually fell 3.0% to $3.91 — the first earnings decline after three years of clean expansion ($51.5M → $60.0M → $75.4M → $84.3M → $81.5M). Management points to pro-forma diluted EPS of $3.95 (+9%) to bridge the gap, which tells you acquisition/integration drag is the culprit, not core demand.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $775M | $935M | $919M | $974M | $1.08B |
| Gross profit | $147M | $165M | $194M | $226M | $245M |
| Operating income | $71.2M | $88.2M | $104M | $119M | $121M |
| Net income | $51.5M | $60.0M | $75.4M | $84.3M | $81.5M |
| Diluted EPS | $2.44 | $2.86 | $3.59 | $4.03 | $3.91 |
| Net margin | 6.7% | 6.4% | 8.2% | 8.7% | 7.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$3.62B
EV / EBITDA20.8
EV / Sales3.3
EV / FCF42.1
P / FCF39.2
PEG (trailing)—
Earnings yield2.4%
FCF yield2.6%
Quality & risk
ROIC (est.)12.2%
Free cash flow$86.1M
Total debt$254M
Net cash-$250M
Altman Z-Score6.84 safe
Piotroski F-Score3/9
Capital returns
Buyback yield—
Dividend yield (est.)0.5%
Shareholder yield0.5%
Shares Δ YoY+0.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- DEF 14A Proxy statement2026-06-18
Annual proxy: routine director elections, auditor ratification, say-on-pay
- 8-K Officer / director change2026-05-19
Officer/director change (Item 5.02); no financial impact disclosed
- 8-K Earnings results2026-05-13
FY26: sales +11%, OCF +30%, but EPS -3% on $150M WaterSurplus deal dilution
- 10-K Annual report2026-05-13
FY26: sales +11%, OCF +30%, but EPS -3% on $150M WaterSurplus deal dilution
- 8-K Earnings results2026-01-28
Q3 FY26 results reflecting acquisition-driven growth and segment realignment
- 10-Q Quarterly report2026-01-28
Q3 FY26 results reflecting acquisition-driven growth and segment realignment
- 8-K Officer / director change2025-12-19
Executive officer change announcement (Item 5.02)
- 8-K Earnings results2025-10-29
Q2 FY26: WaterSurplus integration in full swing; debt rising to fund M&A
- 10-Q Quarterly report2025-10-29
Q2 FY26: WaterSurplus integration in full swing; debt rising to fund M&A
Recent filings
all on EDGAR ↗ARSPeriod ending 2026-03-292026-06-18open ↗DEFA14AFiling2026-06-18open ↗DEF 14APeriod ending 2026-03-292026-06-18open ↗3Period ending 2026-05-132026-05-20open ↗8-KPeriod ending 2026-05-132026-05-19open ↗4Period ending 2026-03-302026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗
Frequently asked
- Is HAWKINS INC (HWKN) a buy?
- HWKN currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Quality specialty-chemicals transformation, but FY26 EPS slipped while the multiple stayed rich — own it, don't add up here.
- What is HWKN's fair value?
- A Modified-Graham model based on HWKN's SEC fundamentals estimates a fair value of about $56.39. It is an estimate from reported earnings, not a price target.
- Is HWKN overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, HWKN currently appears overvalued relative to its SEC-grounded earnings power.
- What is HAWKINS INC's quality score?
- HWKN scores 63.09803921568627/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000046250, latest 10-K filed 2026-05-13) · EODHD · analysis by claude-code · as of 6/25/2026, 1:33:26 PM.
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