WHR
WHR
Whirlpool CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $4.1B ▲ | $431M ▲ | $108M ▲ | 2.64% ▲ | $1.93 ▲ | $325M ▲ |
| Q3-2025 | $4.03B ▲ | $405M ▲ | $73M ▲ | 1.81% ▲ | $1.3 ▲ | $284M ▼ |
| Q2-2025 | $3.77B ▲ | $397M ▼ | $65M ▼ | 1.72% ▼ | $1.16 ▼ | $289M ▼ |
| Q1-2025 | $3.62B ▼ | $406M ▼ | $72M ▲ | 1.99% ▲ | $1.28 ▲ | $299M ▲ |
| Q4-2024 | $4.14B | $418M | $-391M | -9.45% | $-7.09 | $-53M |
What's going well?
Net income and earnings per share both saw strong gains this quarter, showing the company can still deliver profits even with rising costs. Revenue is steady and there were no big one-time charges distorting results.
What's concerning?
Margins are shrinking as costs outpace sales growth, and operating income dropped sharply. The business remains low-margin and interest expense is a significant drag on profits.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $669M ▼ | $16B ▼ | $13.29B ▼ | $2.73B ▲ |
| Q3-2025 | $934M ▼ | $16.89B ▲ | $14.25B ▲ | $2.38B ▲ |
| Q2-2025 | $1.07B ▲ | $16.76B ▲ | $14.18B ▲ | $2.32B ▼ |
| Q1-2025 | $1.02B ▼ | $16.52B ▲ | $13.69B ▲ | $2.57B ▼ |
| Q4-2024 | $1.27B | $16.3B | $13.37B | $2.68B |
What's financially strong about this company?
The company is paying down debt, inventory is moving out, and equity is growing. Asset quality is mixed but not alarming, and there are no big hidden liabilities.
What are the financial risks or weaknesses?
Cash is falling fast, current assets can't cover near-term bills, and debt is very high compared to equity. Liquidity is tight, leaving little room for error if business slows.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $108M ▲ | $1.15B ▲ | $-281M ▼ | $-1.12B ▼ | $-265M ▼ | $1B ▲ |
| Q3-2025 | $73M ▲ | $33M ▲ | $-85M ▼ | $-80M ▼ | $-134M ▼ | $-52M ▲ |
| Q2-2025 | $65M ▼ | $19M ▲ | $-82M ▼ | $80M ▼ | $44M ▲ | $-63M ▲ |
| Q1-2025 | $72M ▲ | $-721M ▼ | $-72M ▲ | $503M ▲ | $-251M ▼ | $-793M ▼ |
| Q4-2024 | $-391M | $1.11B | $-136M | $-698M | $191M | $970M |
What's strong about this company's cash flow?
WHR generated a massive $1.15 billion in operating cash and $1 billion in free cash flow this quarter. The company paid down over $1 billion in debt and easily covered its dividend.
What are the cash flow concerns?
Much of the cash boost came from stretching payables and building up inventory and receivables, which may not be repeatable. Cash on hand actually fell, and future quarters may not see the same benefit.
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Cooking | $840.00M ▲ | $820.00M ▼ | $970.00M ▲ | $1.05Bn ▲ |
Dishwashing | $290.00M ▲ | $270.00M ▼ | $310.00M ▲ | $300.00M ▼ |
Laundry | $1.03Bn ▲ | $1.07Bn ▲ | $1.15Bn ▲ | $1.13Bn ▼ |
Product and Service Other | $220.00M ▲ | $250.00M ▲ | $210.00M ▼ | $270.00M ▲ |
Refrigeration | $1.10Bn ▲ | $1.23Bn ▲ | $1.25Bn ▲ | $1.21Bn ▼ |
Spare Parts and Warranties | $140.00M ▲ | $140.00M ▲ | $140.00M ▲ | $140.00M ▲ |
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Asia Segment | $270.00M ▲ | $320.00M ▲ | $220.00M ▼ | $0 ▼ |
Latin America Segment | $740.00M ▲ | $810.00M ▲ | $800.00M ▼ | $930.00M ▲ |
North America Segment | $2.42Bn ▲ | $2.45Bn ▲ | $2.72Bn ▲ | $2.57Bn ▼ |
Small Domestic Appliances Global Segment | $200.00M ▲ | $200.00M ▲ | $290.00M ▲ | $420.00M ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Whirlpool Corporation's financial evolution and strategic trajectory over the past five years.
Whirlpool’s core strengths are its leading market position in home appliances, powerful brand portfolio across price tiers, extensive distribution and manufacturing footprint—especially in North America—and a demonstrated ability to improve profits through cost discipline after a severe downturn. Its installed base, customer loyalty, and visible innovation in smart and efficient appliances provide a solid strategic foundation. Management has also taken steps to reduce debt and preserve dividends, signaling a commitment to financial repair and shareholder returns.
Key risks include a sustained decline in revenue, compressed margins relative to historical levels, and significantly weaker operating and free cash flow. The balance sheet shows higher leverage and thinner liquidity than in the past, giving the company less room to maneuver if conditions worsen. Competitive pressure from global and low‑cost players, combined with cyclical exposure to housing and consumer spending, adds further uncertainty. The apparent sharp drop in reported R&D spending also poses a strategic risk to future product leadership and differentiation.
The overall picture is of a mature industry leader navigating a difficult period of demand softness and margin pressure while working to stabilize profitability and deleverage. If Whirlpool can arrest the revenue decline, rebuild cash generation, and maintain meaningful investment in innovation, it has the scale and brand assets to gradually restore a stronger financial profile. Conversely, if sales continue to drift down and investment stays constrained, the company may remain in a prolonged phase of lower profitability and heightened financial risk. The trajectory over the next few years will hinge on execution in balancing cost control, innovation, and balance‑sheet resilience.
About Whirlpool Corporation
https://www.whirlpoolcorp.comWhirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $4.1B ▲ | $431M ▲ | $108M ▲ | 2.64% ▲ | $1.93 ▲ | $325M ▲ |
| Q3-2025 | $4.03B ▲ | $405M ▲ | $73M ▲ | 1.81% ▲ | $1.3 ▲ | $284M ▼ |
| Q2-2025 | $3.77B ▲ | $397M ▼ | $65M ▼ | 1.72% ▼ | $1.16 ▼ | $289M ▼ |
| Q1-2025 | $3.62B ▼ | $406M ▼ | $72M ▲ | 1.99% ▲ | $1.28 ▲ | $299M ▲ |
| Q4-2024 | $4.14B | $418M | $-391M | -9.45% | $-7.09 | $-53M |
What's going well?
Net income and earnings per share both saw strong gains this quarter, showing the company can still deliver profits even with rising costs. Revenue is steady and there were no big one-time charges distorting results.
What's concerning?
Margins are shrinking as costs outpace sales growth, and operating income dropped sharply. The business remains low-margin and interest expense is a significant drag on profits.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $669M ▼ | $16B ▼ | $13.29B ▼ | $2.73B ▲ |
| Q3-2025 | $934M ▼ | $16.89B ▲ | $14.25B ▲ | $2.38B ▲ |
| Q2-2025 | $1.07B ▲ | $16.76B ▲ | $14.18B ▲ | $2.32B ▼ |
| Q1-2025 | $1.02B ▼ | $16.52B ▲ | $13.69B ▲ | $2.57B ▼ |
| Q4-2024 | $1.27B | $16.3B | $13.37B | $2.68B |
What's financially strong about this company?
The company is paying down debt, inventory is moving out, and equity is growing. Asset quality is mixed but not alarming, and there are no big hidden liabilities.
What are the financial risks or weaknesses?
Cash is falling fast, current assets can't cover near-term bills, and debt is very high compared to equity. Liquidity is tight, leaving little room for error if business slows.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $108M ▲ | $1.15B ▲ | $-281M ▼ | $-1.12B ▼ | $-265M ▼ | $1B ▲ |
| Q3-2025 | $73M ▲ | $33M ▲ | $-85M ▼ | $-80M ▼ | $-134M ▼ | $-52M ▲ |
| Q2-2025 | $65M ▼ | $19M ▲ | $-82M ▼ | $80M ▼ | $44M ▲ | $-63M ▲ |
| Q1-2025 | $72M ▲ | $-721M ▼ | $-72M ▲ | $503M ▲ | $-251M ▼ | $-793M ▼ |
| Q4-2024 | $-391M | $1.11B | $-136M | $-698M | $191M | $970M |
What's strong about this company's cash flow?
WHR generated a massive $1.15 billion in operating cash and $1 billion in free cash flow this quarter. The company paid down over $1 billion in debt and easily covered its dividend.
What are the cash flow concerns?
Much of the cash boost came from stretching payables and building up inventory and receivables, which may not be repeatable. Cash on hand actually fell, and future quarters may not see the same benefit.
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Cooking | $840.00M ▲ | $820.00M ▼ | $970.00M ▲ | $1.05Bn ▲ |
Dishwashing | $290.00M ▲ | $270.00M ▼ | $310.00M ▲ | $300.00M ▼ |
Laundry | $1.03Bn ▲ | $1.07Bn ▲ | $1.15Bn ▲ | $1.13Bn ▼ |
Product and Service Other | $220.00M ▲ | $250.00M ▲ | $210.00M ▼ | $270.00M ▲ |
Refrigeration | $1.10Bn ▲ | $1.23Bn ▲ | $1.25Bn ▲ | $1.21Bn ▼ |
Spare Parts and Warranties | $140.00M ▲ | $140.00M ▲ | $140.00M ▲ | $140.00M ▲ |
Revenue by Geography
| Region | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Asia Segment | $270.00M ▲ | $320.00M ▲ | $220.00M ▼ | $0 ▼ |
Latin America Segment | $740.00M ▲ | $810.00M ▲ | $800.00M ▼ | $930.00M ▲ |
North America Segment | $2.42Bn ▲ | $2.45Bn ▲ | $2.72Bn ▲ | $2.57Bn ▼ |
Small Domestic Appliances Global Segment | $200.00M ▲ | $200.00M ▲ | $290.00M ▲ | $420.00M ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Whirlpool Corporation's financial evolution and strategic trajectory over the past five years.
Whirlpool’s core strengths are its leading market position in home appliances, powerful brand portfolio across price tiers, extensive distribution and manufacturing footprint—especially in North America—and a demonstrated ability to improve profits through cost discipline after a severe downturn. Its installed base, customer loyalty, and visible innovation in smart and efficient appliances provide a solid strategic foundation. Management has also taken steps to reduce debt and preserve dividends, signaling a commitment to financial repair and shareholder returns.
Key risks include a sustained decline in revenue, compressed margins relative to historical levels, and significantly weaker operating and free cash flow. The balance sheet shows higher leverage and thinner liquidity than in the past, giving the company less room to maneuver if conditions worsen. Competitive pressure from global and low‑cost players, combined with cyclical exposure to housing and consumer spending, adds further uncertainty. The apparent sharp drop in reported R&D spending also poses a strategic risk to future product leadership and differentiation.
The overall picture is of a mature industry leader navigating a difficult period of demand softness and margin pressure while working to stabilize profitability and deleverage. If Whirlpool can arrest the revenue decline, rebuild cash generation, and maintain meaningful investment in innovation, it has the scale and brand assets to gradually restore a stronger financial profile. Conversely, if sales continue to drift down and investment stays constrained, the company may remain in a prolonged phase of lower profitability and heightened financial risk. The trajectory over the next few years will hinge on execution in balancing cost control, innovation, and balance‑sheet resilience.

CEO
Marc Robert Bitzer
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 1987-01-02 | Forward | 2:1 |
ETFs Holding This Stock
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Ratings Snapshot
Rating : B-
Most Recent Analyst Grades
Price Target
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