Whirlpool (WHR) financial statements
Whirlpool reported revenue of $15.5B in fiscal 2025, down 3.2% a year over 9 years.
Net income was $318M and the operating margin 5.4%, against 6.6% in 2016.
Free cash flow was $81M, and the company returned $300M in dividends.
The diluted share count fell 27% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Whirlpool's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.7B | $21.3B | $21.0B | $20.4B | $19.5B | $22.0B | $19.7B | $19.5B | $16.6B | $15.5B |
| Cost of revenue | $17.0B | $17.7B | $17.5B | $16.9B | $15.6B | $17.6B | $16.7B | $16.3B | $14.0B | $13.1B |
| Gross profit | $3.7B | $3.6B | $3.5B | $3.5B | $3.8B | $4.4B | $3.1B | $3.2B | $2.6B | $2.4B |
| Research and development | $604M | $596M | $572M | $541M | $455M | $485M | $465M | $473M | $405M | $370M |
| Selling, general and admin | $2.1B | $2.1B | $2.2B | $2.1B | $1.9B | $2.1B | $1.8B | $2.0B | $1.7B | $1.6B |
| Operating income | $1.4B | $1.1B | $279M | $1.5B | $1.6B | $2.3B | -$1.1B | $1.0B | $143M | $838M |
| Interest expense | $161M | $162M | $192M | $187M | $189M | $175M | $190M | $351M | $358M | $341M |
| Pre-tax income | $1.1B | $887M | -$21M | $1.5B | $1.4B | $2.3B | -$1.2B | $593M | -$188M | $516M |
| Income tax | $186M | $550M | $138M | $348M | $382M | $518M | $265M | $77M | $10M | $142M |
| Net income | $888M | $350M | -$183M | $1.2B | $1.1B | $1.8B | -$1.5B | $481M | -$323M | $318M |
| EPS (diluted) | $11.50 | $4.70 | -$2.72 | $18.19 | $16.98 | $28.36 | -$27.18 | $8.72 | -$5.87 | $5.66 |
| Diluted shares | 77M | 74M | 67M | 64M | 63M | 63M | 56M | 55M | 55M | 56M |
| Gross margin | 17.8% | 16.9% | 16.8% | 17.2% | 19.7% | 20.1% | 15.6% | 16.3% | 15.5% | 15.4% |
| Operating margin | 6.6% | 5.3% | 1.3% | 7.6% | 8.3% | 10.7% | -5.4% | 5.2% | 0.9% | 5.4% |
| Net margin | 4.3% | 1.6% | -0.9% | 5.7% | 5.5% | 8.1% | -7.7% | 2.5% | -1.9% | 2.0% |
Balance sheet
Fiscal years, from Whirlpool's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.1B | $1.2B | $1.5B | $2.0B | $2.9B | $3.0B | $2.0B | $1.6B | $1.3B | $669M |
| Receivables | $2.7B | $2.7B | $2.2B | $2.2B | $3.1B | $3.1B | $1.6B | $1.5B | $1.3B | $1.3B |
| Inventory | $2.6B | $3.0B | $2.5B | $2.4B | $2.3B | $2.7B | $2.1B | $2.2B | $2.0B | $2.3B |
| Total current assets | $7.3B | $7.9B | $7.9B | $7.4B | $9.1B | $9.7B | $6.4B | $6.2B | $5.2B | $4.9B |
| Property, plant and equipment | $3.8B | $4.0B | $3.4B | $3.3B | $3.2B | $2.8B | $2.1B | $2.2B | $2.3B | $2.2B |
| Goodwill | $3.0B | $3.1B | $2.5B | $2.4B | $2.5B | $2.5B | $3.3B | $3.3B | $3.3B | $3.1B |
| Total assets | $19.2B | $20.0B | $18.3B | $19.0B | $20.4B | $20.3B | $17.1B | $17.3B | $16.3B | $16.0B |
| Total current liabilities | $7.7B | $8.5B | $9.7B | $8.4B | $8.3B | $8.5B | $5.9B | $6.9B | $7.3B | $6.5B |
| Long-term debt | $3.9B | $4.4B | $4.0B | $4.1B | $5.1B | $4.9B | $7.4B | $6.4B | $4.8B | $5.6B |
| Total liabilities | $13.4B | $14.9B | $15.0B | $14.7B | $15.6B | $15.3B | $14.6B | $14.8B | $13.4B | $13.3B |
| Shareholders' equity | $4.8B | $4.2B | $2.3B | $3.2B | $3.9B | $4.8B | $2.3B | $2.4B | $2.7B | $2.7B |
| Net debt | $3.4B | $3.6B | $3.5B | $2.7B | $2.4B | $2.2B | $5.7B | $5.6B | $5.3B | $5.5B |
Cash flow
Fiscal years, from Whirlpool's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $1.3B | $1.2B | $1.2B | $1.5B | $2.2B | $1.4B | $915M | $835M | $470M |
| Capital spending | $660M | $684M | $590M | $532M | $410M | $525M | $570M | $549M | $451M | $389M |
| Free cash flow | $543M | $580M | $639M | $698M | $1.1B | $1.7B | $820M | $366M | $384M | $81M |
| Stock-based compensation | $39M | $48M | $51M | $50M | $67M | $82M | $58M | $34M | $91M | $137M |
| Dividends paid | $294M | $312M | $306M | $305M | $311M | $338M | $390M | $384M | $384M | $300M |
| Share buybacks (net) | -$525M | -$750M | -$1.2B | -$148M | -$121M | -$1.0B | -$903M | $0 | -$50M | $0 |
| Net borrowing | $545M | $494M | $972M | -$972M | $134M | -$1M | $2.5B | -$412M | -$490M | -$310M |
| Free cash flow margin | 2.6% | 2.7% | 3.0% | 3.4% | 5.6% | 7.5% | 4.2% | 1.9% | 2.3% | 0.5% |
| Dividends per share | $3.81 | $4.19 | $4.55 | $4.75 | $4.91 | $5.37 | $6.98 | $6.96 | $6.97 | $5.34 |
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What was Whirlpool's revenue in 2025?
$15.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Whirlpool generate?
$81M in fiscal 2025 (operating cash flow minus capital spending).
From Whirlpool's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.