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Primary reporting period: 2026-03-29 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Hawkins, Inc. is an enterprise engaged in the formulation, production, and distribution of chemicals and specialized ingredients, serving both domestic and international markets. Its operations are divided into three principal divisions: Industrial, Water Treatment, and Health and Nutrition. The Industrial division supplies industrial-grade chemicals, associated products, and services to a diverse array of sectors, including agriculture, chemical processing, electronics, energy, food production, pharmaceuticals, and plating.
How they make money
Hawkins, Inc. operates as a specialty chemical company that manufactures, blends, and distributes chemicals and specialty ingredients. The company generates revenue by providing value-added services such as custom blending, contract packaging, and technical support to customers across the industrial, water treatment, and health and nutrition sectors.
Products & services
The company provides water treatment chemicals, industrial chemicals (acids, alkalis, urea), and specialty ingredients including minerals, vitamins, amino acids, botanicals, and food-grade salts.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company reported that no single customer accounted for 10% or more of its total sales for the fiscal year ended March 29, 2026.
Suppliers, materials & equipment
Chemical manufacturers and raw material producers — The company sources various bulk chemicals and specialty ingredients from a diverse base of chemical manufacturers and producers.Source
Strengths
Extensive distribution network and regional presenceSource
Value-added services including custom blending and technical supportSource
Risks
Dependence on third-party suppliers for raw materialsSource
Overall investment score · Quality, value, risk and opportunity
40
Weak
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
72
Strong
Financial Strength
46
Business Quality / Moat
94
Management
95
Growth Quality
49
Risk / Durability
87
Great Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
33
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
42/100
Building Historical Record
Model Score 42/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Insider activity signal is favorable
•Recent buyback activity is present
What to watch
•M&A headline · Oct 1, 2026
•M&A headline · Sep 29, 2026
•M&A headline · Sep 8, 2026
•M&A headline · Sep 1, 2026
•Valuation is a weaker part of the current profile
Company-specific research
Questions worth answering for HWKN
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can HWKN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is HWKN's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is HWKN's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What future growth or profitability would be needed to justify HWKN's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HWKN
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Oct 1, 2026
Hawkins Expands Texas Water Treatment With Eagle Labs Buyout — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Hawkins, Inc. Expands into Texas' Dallas–Fort Worth Region with Acquisition of Eagle Labs, Inc. — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Hawkins Expands in Florida With Dave Symonds Acquisition — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Hawkins, Inc. Expands in Florida with Acquisition of Dave Symonds & Associates, Inc. — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Extensive distribution network and regional presence.
+Value-added services including custom blending and technical support.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Chemicals - Specialty industry.
−Dependence on third-party suppliers for raw materials.
−Fluctuations in commodity chemical prices.
−Regulatory compliance and environmental risks.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Weak40/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
40
Debt Cost5.2%
Debt Reduction YoY-60.8%
Debt / Equity0.49x
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Revenue
Poor
19
Revenue YoY2.1%
Revenue CAGR8.6%
Net Margin7.3%
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Asset
Fair
67
Asset Growth YoY30.1%
Liquidation/Share$26.28
Net Assets/MCap0.28x
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Capital
Poor
16
Earnings Yield3.1%
Buyback Yield0.5%
Debt Cost5.2%
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Management
Elite
95
ROIC10.7%
ROE14.7%
ROA8.0%
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Moat
Elite
94
EPS Growth11.7%
FCF/Share Growth26.8%
Rev/Share Growth10.1%
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Valuation
Poor
10
Intrinsic Value$72.27
Value Reference$43.36
MOS-113.2%
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Buffett
Fair
53
Revenue19
Moat94
Valuation10
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MOS
Poor
0
MOS %-113.2%
Value Reference$43.36
Deep Discount Reference$28.91
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Financial
Poor
32
Interest Coverage8.5x
ROIC10.7%
FCF Yield3.3%
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Master
Poor
32
Financial32
Valuation10
Debt40
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Resilience
Fair
57
Survival Years0.4 yrs
Current Ratio2.21x
FCF Margin7.9%
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Score Changes
3 historical score records available
Previous Score
39
Aug 14, 2026
Change
+0.2
points
Current Score
40
Oct 1, 2026
Category Changes
Revenue+0.1
Debt0
Assets+0.2
Capital0
Management0
Moat0
Valuation+1.5
Buffett+0.2
HWKN increased 0.2 points because overall fundamentals improved.
Projected Score
Projected Score
41
Projected Change
+1.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.6 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$1.11B
$1.08B
$974.4M
$919.2M
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Cost of Revenue
$859.4M
$859.9M
$761.7M
$725.5M
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····
····
····
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Gross Profit
$246.7M
$223.8M
$212.7M
$193.6M
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$132.7M
$108.6M
$92.2M
$89.6M
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Operating Expenses
$132.7M
$108.6M
$92.2M
$89.6M
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EBITDA
$174.9M
$175.4M
$159.8M
$137.2M
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Operating Income
$114.0M
$115.1M
$120.5M
$104.0M
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Interest Expense
$7.5M
$13.5M
$5.4M
$4.3M
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Income Before Tax
$107.7M
$109.3M
$114.4M
$101.1M
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Income Tax Expense
$27.0M
$27.8M
$30.0M
$25.8M
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Net Income
$80.6M
$81.5M
$84.3M
$75.4M
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Basic EPS
$3.89
$3.93
$4.05
$3.61
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Basic Shares
20.78M
20.74M
20.80M
20.86M
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Diluted Shares
20.85M
20.86M
20.94M
21.01M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Debt reduced
What Weakened
Margins contracted
Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels. Pressure indicators included EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 7.6%. EPS declined 3.6%. Cash declined 45.0%. Total debt declined 15.6%. Net income margin declined by 1.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
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10 Years
$———.——
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Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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