Hawkins, Inc. (HWKN)
NEUTRALFundamental
62
Price
$116.69
Market Cap
$2.49B
Part 1 · What the company is worth
Overview
Hawkins, Inc. operates as a water treatment and specialty ingredients company in the United States. The company operates through three segments: Water Treatment, Food and Health Sciences, and Industrial Solutions. The Water Treatment segment provides chemicals, filtration media and systems, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water, and agricultural water. This segment also sells and services equipment, including tanks, valves, and pumps. The Food and Health Sciences segment provide ingredient distribution, processing, and formulation solutions, such as base chemistry, acid-based reactions, minerals, vitamins and amino acids, excipients, botanicals and herbs, sweeteners and enzymes, fertilizers, and food-grade and pharmaceutical salts and ingredients to nutrition, food, pharmaceutical, and agricultural markets. The Industrial Solutions segment offers industrial chemicals, products, and services such as acids and alkalis, liquid caustic soda, sulfuric acid, hydrochloric acid, urea, phosphoric acid, aqua ammonia, and potassium hydroxide to industrial manufacturing, chemical processing, electronics, energy, plating, and surface finishing industries. It also repackages water treatment chemicals and bulk industrial chemicals; and performs custom blending of chemicals. Hawkins, Inc. was founded in 1938 and is headquartered in Roseville, Minnesota.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$1.11B
Trailing 12 months (through 6/28/2026)
Net Income
$81M
Trailing 12 months (through 6/28/2026)
Free Cash Flow
$86M
Total Equity
$534M
Total Liabilities
$452M
Current Ratio
2.27
Interest Coverage
9.12
Debt/EBITDA
1.50
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$150.40
Current Price
$116.69
Margin of Safety
+22.4%
Fair Value Range
$106.73 - $194.06
Estimation Methods
Valuation Metrics
P/E Ratio
30.51
ROE
15.3%
P/B Ratio
4.48
P/FCF
26.81
Gross Margin
22.3%
ROIC
10.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
10.4%
WACC
8.2%
ROIC − WACC
+2.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (16)
- EPS shows upward trend
- Price CAGR 16.00%
- ROIC 10.5%
- P/FCF 26.81
- Debt/Equity ratio
- Operating Margin 10.7%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 15.3%
- Revenue Growth 5Y 12.7%
- Analyst Consensus 70% Buy
- Earnings Quality (OCF/NI) 1.84
- Share Dilution -0.3%
Failed (11)
- EPS CAGR 3.32%
- Gross Margin 22.3%
- P/B Ratio 4.48
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -8.1%
- PEG Ratio 2.22
- Net Margin Trend 7.3% vs 8.4%
- Piotroski F-Score 4/9
Unavailable (1)
- Dividend Payout NaN%
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Patrick H. Hawkins | CEO, President & Director | 54 |
| Mr. Jeffrey P. Oldenkamp | Executive VP, CFO & Treasurer | 53 |
| Mr. Drew M. Grahek | Vice President of Operations | 55 |
| Mr. Daniel J. Stauber | Director | 63 |
| Mr. David J. Mangine | Vice President of Industrial Solutions | 67 |
| Mr. Douglas A. Lange | Vice President of Water Treatment Group | 55 |
| Mr. Daniel A. Louismet | VP, General Counsel & Secretary | 39 |
| Mr. Paul Siler | Corporate Controller | - |
Audit Risk
6
Board Risk
3
Compensation Risk
3
Shareholder Rights Risk
4
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for HWKN, sourced from Markets Gazette.