WHR
WHIRLPOOL CORP /DE/
Next earnings Jul 27, 2026 · consensus $0.15 EPS, $3.59B rev
Last earnings +1.0% on 2026-05-06
$38.10
▲ +0.26%$38.10▼ -58.95%
over 1Y
L $36.19H $106.73
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.3%
1W+1.0%
1M-7.1%
3M-31.3%
YTD-48.2%
1Y-58.9%
Sell
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 20 analysts
Hold
Optically cheap at 6.7x P/E, but a shrinking, junk-rated appliance maker whose dividend its free cash flow no longer covers.
P/E (price / FY diluted EPS) 6.7 · FY2025
The read
It screens cheap (~465% below fair value), but the weak fundamentals are why — more potential value trap than bargain.
WHR looks like a screaming value at 6.7x earnings and 0.1x sales, but the headline obscures a business in structural decline. Revenue has fallen every year since FY2021 — from $22.0B to $15.5B — and the FY2025 'recovery' in EPS ($5.66 vs -$5.87) is largely manufactured: management's own MD&A attributes it to a prior-year comparison distorted by non-cash European/Maytag impairments, plus a current-year $280M gain on sale of businesses and the gain from cutting the Whirlpool India stake. Strip those one-offs and the core engine is weak — operating margin 5.4%, net margin 2.0%, gross margin a thin 15.4% and still eroding under tariff costs the company says it cannot fully offset without hurting demand or margin.
The balance sheet is the bigger problem. In 2025 all three agencies downgraded WHR's senior unsecured debt to non-investment grade (junk), which the 10-K concedes 'has and may in the future...reduce the availability and increase the costs' of refinancing. Long-term debt rose 17.3% to $5.58B against just $2.73B of equity, while cash collapsed 47.5% to $669M and operating cash flow fell 43.7% to $470M. Current liabilities ($6.51B) exceed current assets ($4.92B) — negative working capital — at the same time the company must refinance maturing debt into a junk-rated, higher-rate market.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 29, 2026, 11:53 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $22.0B | $19.7B | $19.5B | $16.6B | $15.5B |
| Gross profit | $4.41B | $3.07B | $3.17B | $2.58B | $2.39B |
| Operating income | $2.35B | -$1.06B | $1.01B | $143M | $838M |
| Net income | $1.78B | -$1.52B | $481M | -$323M | $318M |
| Diluted EPS | $28.36 | -$27.18 | $8.72 | -$5.87 | $5.66 |
| Net margin | 8.1% | -7.7% | 2.5% | -1.9% | 2.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$7.97B
EV / EBITDA6.8
EV / Sales0.5
EV / FCF98.4
P / FCF30.5
PEG (trailing)0.03
Earnings yield12.9%
FCF yield3.3%
Quality & risk
ROIC (est.)7.4%
Free cash flow$81.0M
Total debt$6.17B
Net cash-$5.50B
Piotroski F-Score5/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)12.1%
Shareholder yield12.1%
Shares Δ YoY+2.1%
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 + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Exit / restructuring costs2026-07-01
- 8-K Material agreement2026-06-18
New financing agreement + modified security-holder rights; junk-rated balance sheet
- 8-K Material agreement2026-06-16
Incurred new direct financial obligation (debt) under a material agreement
- 8-K Other event2026-06-02
Other-events disclosure with exhibits; no change to core financials
- 8-K Other event2026-06-01
Other-events disclosure with exhibits; likely tied to debt offering
- 10-Q Quarterly report2026-05-07
Q1 2026 (Mar-31): sales still pressured post-deconsolidations, thin margins
- 8-K Earnings results2026-05-06
Released Q1 2026 results amid continued top-line softness
- DEF 14A Proxy statement2026-03-10
Annual proxy: board slate and exec-comp votes; no operational news
- 10-K Annual report2026-02-11
FY25 EPS $5.66 vs -$5.87, but rev -6.5% and debt downgraded to junk
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-07-012026-07-01open ↗11-KPeriod ending 2025-12-312026-06-25open ↗8-KPeriod ending 2026-06-182026-06-18open ↗8-KPeriod ending 2026-06-122026-06-16open ↗8-KPeriod ending 2026-06-022026-06-02open ↗8-KPeriod ending 2026-06-012026-06-01open ↗SDFiling2026-05-26open ↗4/APeriod ending 2026-04-212026-05-15open ↗SCHEDULE 13G/AFiling2026-05-13open ↗SCHEDULE 13G/AFiling2026-05-07open ↗10-QPeriod ending 2026-03-312026-05-07open ↗8-KPeriod ending 2026-05-062026-05-06open ↗
Frequently asked
- Is WHIRLPOOL CORP /DE/ (WHR) a buy?
- WHR currently carries a Sell rating with 4/5 conviction, derived from its latest SEC filings. Optically cheap at 6.7x P/E, but a shrinking, junk-rated appliance maker whose dividend its free cash flow no longer covers.
- What is WHR's fair value?
- A Modified-Graham model based on WHR's SEC fundamentals estimates a fair value of about $215.08. It is an estimate from reported earnings, not a price target.
- Is WHR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, WHR currently appears undervalued relative to its SEC-grounded earnings power.
- What is WHIRLPOOL CORP /DE/'s quality score?
- WHR scores 65.28217049380801/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000106640, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/30/2026, 3:53:48 AM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.