WHIRLPOOL CORP /DE/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data WHIRLPOOL CORP /DE/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	20,718	21,253	21,037	20,419	19,456	21,985	19,724	19,455	16,607	15,524
Cost of revenue	17,026	17,651	17,500	16,908	15,614	17,576	16,651	16,285	14,026	13,138
Gross profit	3,692	3,602	3,537	3,511	3,842	4,409	3,073	3,170	2,581	2,386
Research and development	604	596	572	541	455	485	465	473	405	370
Selling, general and administrative	2,080	2,112	2,189	2,142	1,877	2,081	1,820	1,993	1,684	1,633
Operating income	1,368	1,136	279	1,549	1,615	2,348	-1,056	1,015	143	838
Interest expense	161	162	192	187	189	175	190	351	358	341
Other non-operating income	-93	-87	-108	168	21	159	19	-71	27	20
Pre-tax income	1,114	887	-21	1,530	1,447	2,332	-1,227	593	-188	516
Income tax	186	550	138	348	382	518	265	77	10	142
Net income to minority interests	40	-13	24	14	-10	23	8	7	18	23
Net income	888	350	-183	1,168	1,075	1,783	-1,519	481	-323	318
EBITDA	2,023	1,790	924	2,136	2,183	2,842	-581	1,376	476	1,176
EPS, basic	11.67	4.78	-2.72	18.34	17.15	28.73	-27.18	8.76	-5.87	5.68
EPS, diluted	11.50	4.70	-2.72	18.19	16.98	28.36	-27.18	8.72	-5.87	5.66
Shares, basic (weighted)	76.1	73.3	67.2	63.7	62.7	62.1	55.9	55	55.1	56
Shares, diluted (weighted)	77.2	74.4	67.2	64.2	63.3	62.9	55.9	55.2	55.1	56.2
Dividend per share	3.90	4.30	4.55	4.75	4.85	5.45	7.00	7.00	7.00	5.30

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,085	1,196	1,498	1,952	2,924	3,044	1,958	1,570	1,275	669
Receivables	2,711	2,665	2,210	2,198	3,109	3,100	1,555	1,529	1,317	1,276
Inventory	2,623	2,988	2,533	2,438	2,301	2,717	2,089	2,247	2,035	2,307
Other current assets	920	1,081	839	810	795	834	653	717	612	654
Total current assets	7,339	7,930	7,898	7,398	9,129	9,695	6,394	6,207	5,239	4,924
Property, plant and equipment	3,810	4,033	3,414	3,301	3,199	2,805	2,102	2,234	2,275	2,194
Lease right-of-use assets			0	921	989	946	691	721	841	796
Goodwill	2,956	3,118	2,451	2,440	2,496	2,485	3,330	3,330	3,322	3,103
Intangible assets	2,552	2,591	2,296	2,225	2,194	1,981	3,164	3,124	2,717	2,563
Other non-current assets	342	353	299	358	240	453	396	379	195	266
Total assets	19,153	20,038	18,347	18,973	20,436	20,285	17,124	17,312	16,301	16,001
Accounts payable	4,416	4,797	4,487	4,547	4,834	5,413	3,376	3,598	3,530	3,704
Accrued liabilities	649	674	690	652	637	609	481	491	455	448
Short-term debt	560	376	947	559	298	298	248	800	1,850	586
Total current liabilities	7,662	8,505	9,678	8,369	8,330	8,510	5,931	6,948	7,323	6,513
Long-term debt	3,876	4,392	4,046	4,140	5,059	4,929	7,363	6,414	4,758	5,583
Lease liabilities			0	778	838	794	584	612	711	669
Other non-current liabilities	479	632	463	612	732	519	460	547	358	365
Total liabilities	13,425	14,910	15,034	14,671	15,641	15,272	14,618	14,775	13,368	13,286
Total debt	4,436	4,768	4,993	4,699	5,357	5,227	7,611	7,214	6,608	6,169
Paid-in capital	2,672	2,739	2,768	2,806	2,923	3,025	3,061	3,078	3,462	3,485
Retained earnings	7,314	7,352	6,933	7,870	8,725	10,170	8,261	8,358	1,311	1,330
Treasury stock	-2,924	-3,674	-4,827	-4,975	-5,065	-6,106	-7,010	-7,010	-609	-530
Other comprehensive income	-2,400	-2,331	-2,695	-2,618	-2,811	-2,357	-2,090	-2,178	-1,545	-1,624
Shareholders' equity	4,773	4,198	2,291	3,195	3,885	4,846	2,336	2,362	2,683	2,726
Minority interests	955	930	914	923	910	167	170	175	250	-11
Total equity	5,728	5,128	3,313	4,210	4,795	5,013	2,506	2,537	2,933	2,715
Total liabilities and equity	19,153	20,038	18,347	18,881	20,436	20,285	17,124	17,312	16,301	16,001
Shares outstanding	74	71	64	63	63	59	54	55	55	56

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	928	337	-159	1,182	1,065	1,806	-1,511	488	-305	341
Depreciation and amortization	655	654	645	587	568	494	475	361	333	338
Stock-based compensation	39	48	51	50	67	82	58	34	91	137
Deferred income tax	-22	187	14	-329	68	122	134	-90	-177	131
Change in receivables	-291	160	79	-87	-940	-232	854	159	-14	40
Change in inventory	-18	-229	73	-17	249	-648	-49	-123	172	-372
Change in payables	37	180	210	140	341	949	-612	1	125	174
Cash from operations	1,203	1,264	1,229	1,230	1,500	2,176	1,390	915	835	470
Capital expenditures	-660	-684	-590	-532	-410	-525	-570	-549	-451	-389
Acquisitions	0			0	0	-46	-3,000	-14	0	0
Cash from investing	-612	-721	-399	636	-237	-660	-3,568	-553	-602	-504
Debt issued	1,012	691	705	700	1,033	300	2,800	304	300	1,200
Debt repaid	-522	-564	-386	-949	-569	-300	-300	-750	-801	-1,850
Stock issued	26	34	17	8	44	76	3	4	0	0
Share buybacks	-525	-750	-1,153	-148	-121	-1,041	-903	0	-50	0
Dividends paid	-294	-312	-306	-305	-311	-338	-390	-384	-384	-300
Cash from financing	-278	-553	-518	-1,424	-253	-1,339	1,206	-792	-476	-621
Exchange rate effect	-36	63	-67	-28	-28	-67	-20	45
Net change in cash	277	53	245	414	982	110	-1,086	-388
Free cash flow	543	580	639	698	1,090	1,651	820	366	384	81
Interest paid	198	181	183	194	193	169	161	370	352	350
Income taxes paid	300	311	206	469	229	388	247	175	181	136

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $31.71 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	13.6%	Gross profit / revenue.
Operating margin	4.2%	Operating income / revenue.
EBITDA margin	6.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.0%	Pre-tax income / revenue.
Net margin	1.3%	Net income / revenue.
FCF margin	-1.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	1.5%	Cash from operations / revenue.
Effective tax rate	29.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	4.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.1%	Net income / average total assets.
Return on invested capital (ROIC)	4.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	10.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.7%	Capital expenditures / revenue.
D&A / revenue	2.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-6.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-7.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-4.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-7.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-8.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-9.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	486.0%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 5y	-12.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	147.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y	-11.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 5y	-21.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 5y	-19.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-43.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-30.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-20.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-78.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-53.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-40.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	-24.3%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	-8.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	1.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-4.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.15x	Current assets / current liabilities.
Quick ratio	0.49x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.25x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.79x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	40.7%	Total debt / total assets.
Liabilities / assets	77.4%	Total liabilities / total assets.
Net debt	$5.81B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	5.88x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	1.99x	Operating income / interest expense.
Working capital	$747.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	32.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.72B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.86x	Revenue / average total assets.
Fixed asset turnover	6.69x	Revenue / average property, plant and equipment.
Inventory turnover	5.81x	Cost of revenue / average inventory.
Days inventory	63 days	365 x average inventory / cost of revenue.
Receivables turnover	12.1x	Revenue / average receivables.
Days sales outstanding	30 days	365 x average receivables / revenue.
Days payables	92 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	1 days	Days inventory + days sales outstanding - days payables.
FCF conversion	-91.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	176.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.88	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$228.83	Revenue / diluted weighted shares.
FCF per share	-$2.64	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.45	Cash from operations / diluted weighted shares.
Book value per share	$60.51	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$26.49	Tangible book value / shares outstanding.
Cash per share	$19.06	(Cash + short-term investments) / shares outstanding.
Payout ratio	92.6%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.07B	Share price x shares outstanding.
Enterprise value	$7.88B	Market cap + total debt - cash - short-term investments.
P/E	11.0x	Market cap / net income. Only when net income is positive.
P/S	0.14x	Market cap / revenue.
P/B	0.53x	Market cap / shareholders' equity. Only when equity is positive.
P/OCF	9.19x	Market cap / cash from operations, when positive.
EV/Sales	0.53x	Enterprise value / revenue.
EV/EBIT	12.5x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.97x	Enterprise value / EBITDA, when both are positive.
FCF yield	-8.3%	Free cash flow / market cap.
Earnings yield	9.1%	Net income / market cap (the inverse of P/E).
Dividend yield	8.4%	Dividends paid over the period / market cap.
Shareholder yield	8.4%	(Dividends paid + share buybacks) / market cap.

What was WHIRLPOOL CORP /DE/'s revenue in fiscal 2025?

WHIRLPOOL CORP /DE/ reported revenue of $15.52B for fiscal 2025, 6.5% lower than the year before.

Was WHIRLPOOL CORP /DE/ profitable in fiscal 2025?

Yes. Net income was $318.0M, a net margin of 2%.

How much free cash flow did WHIRLPOOL CORP /DE/ generate in fiscal 2025?

Cash from operations of $470.0M minus capital expenditures of $389.0M left free cash flow of $81.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to WHIRLPOOL CORP /DE/