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Distributes and blends industrial, water treatment and food/health chemicals for commercial customers.
Distributes and blends industrial, water treatment and food/health chemicals for commercial customers.
Buys chemicals in bulk, stores, blends and delivers them with its own fleet, earning a handling and blending margin. Water-treatment demand is steady since utilities need continuous supply. Growth has come from many small acquisitions.
Moat: narrow (distribution, scale). Regional chemical distribution and blending network with logistics and storage infrastructure that's costly to replicate.
Headquarters: Rosemount, Minnesota, US · Founded: 1938 · Employees: 1,200
Size Hawkins (HWKN) is a United States Materials company (Chemicals: Specialty) with a market value of $3.14B, the 1513th largest of 3,117 United States companies the cockpit tracks. Shares closed at $150.95 on 6 Nov 2026.
Performance Over six months the shares fell 9.7%, against -18.4% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median +12.2%); the operating margin is 10.8% (peer median 13.5%).
Valuation It trades at 33.9× forward earnings against a peer median of 15.0× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.9 points above its cost of capital (8.2% WACC).
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.14B | $1.08B | $974M | $919M | $935M |
| Revenue growth | — | +11% | +6% | -2% | — |
| Gross profit | $256M | $224M | $213M | $194M | $165M |
| EBITDA | $178M | $168M | $160M | $136M | $118M |
| Net income | $85.8M | $81.5M | $84.3M | $75.4M | $60.0M |
| Free cash flow | $92.5M | $86.1M | $70.0M | $119M | $29.1M |
| Capital expenditure | $56.3M | $58.2M | $41.1M | $40.2M | $48.3M |
| Total debt | $244M | $261M | $163M | $108M | $120M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hawkins HWKN | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% |
| Brenntag BNR.DE | $10.0B | 0% | -5% | 5% | 14.5× | 1.9% |
| Kemira KEMIRA.HE | $2.55B | -8% | -3% | 8% | 16.0× | 3.9% |
| Ecolab ECL | $84.3B | +19% | +9% | 18% | 33.6× | 19.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HWKN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.1% | -8.5% | highest of 21 |
| 6-month return | -9.7% | -18.4% | 8th highest of 21 |
| Distance from 52-week high | -13.3% | -38.9% | 4th highest of 21 |
| Revenue growth (TTM) | +9.0% | +12.2% | 10th lowest of 21 |
| Operating margin | 10.8% | 13.5% | 8th lowest of 21 |
| Forward P/E | 33.9× | 15.0× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 15.2% | 3.8% | 5th most demanding of 13 |
| Growth delivered (Del g) | +12.7% | +9.7% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | +2.5 pp | -4.8 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | +3.9 pp | +2.1 pp | 9th highest of 21 |
| EV / EBITDA | 19.0× | 7.1× | most expensive of 7 |
| Net debt / EBITDA | 1.3× | 0.1× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hawkins HWKN | United States | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% | +12.7% |
| Luxi Chemical 000830.SZ | China | $3.13B | -36% | -1% | 4% | 12.1× | -1.4% | +10.6% |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |
| Inner Mongolia Berun Chemical 000683.SZ | China | $3.36B | -32% | +11% | 13% | 13.8× | n/a | n/a |
| Guangzhou Guanggang Gases and Energy 688548.SS | China | $3.39B | -14% | +21% | 20% | 62.3× | n/a | n/a |
| Qingdao Gon Technology 2768.HK | Hong Kong | $2.88B | +13% | +20% | 7% | 10.3× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |
| Shanghai Bairun Investment 002568.SZ | China | $2.82B | -8% | +8% | 28% | 24.2× | 14.5% | +8.8% |
| PI Industries PIIND.NS | India | $2.79B | -44% | -15% | 13% | 22.7× | n/a | n/a |
| NOF 4403.T | Japan | $3.60B | -22% | +13% | 17% | 13.5× | -6.1% | +8.4% |
| Cabot CBT | United States | $3.67B | -17% | +1% | 14% | 10.9× | -3.2% | +1.9% |
| K+s SDF.DE | Germany | $2.68B | -13% | +6% | 34% | 11.7× | n/a | n/a |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 18% | 12.9× | 2.4% | +36.1% |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| Nifco 7988.T | Japan | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% | +6.6% |
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |