MARKETS / NASDAQ / HWKN

NASDAQ · WHOLESALE-CHEMICALS & ALLIED PRODUCTS · LARGE CAP

Hawkins Inc. HWKN

17 fiscal years on record · USD · FY2025 reported · SEC filings only

6 YEARS OF DIVIDEND GROWTH

Revenue

$1.1B

▲ 11.2% YoY

Net income

$81.5M

▼ 3.3% YoY

Free cash flow

$86.1M

▲ 23.0% YoY

In brief

What this company does

Hawkins, Inc. is a water treatment and specialty ingredients company that formulates, manufactures, distributes, and blends products for its Water Treatment, Food and Health Sciences, and Industrial Solutions customers. As of March 29, 2026, it had approximately 1,200 employees across the United States, substantially all of which were full-time employees. In fiscal 2026, 2025, and 2024, none of its customers accounted for 10% or more of its total sales. It conducts its business in three segments: Water Treatment, Food and Health Sciences, and Industrial Solutions. The Water Treatment Group operates out of 53 warehouses in 28 states, primarily in the eastern two-thirds of the United States.

Written from the business description in HAWKINS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 May 2026. Every sentence was checked against that document before publication.

Growth

USD 1.1B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.1 · Net income 0.1

Compound annual growth

Revenue

+5.0%

+12.7%

+10.1%

+9.0%

Net income

+10.7%

+14.8%

+16.2%

+9.7%

EPS, diluted

+11.0%

+15.2%

Dividend / share

+9.6%

+9.7%

Returned to shareholders

+9.3%

+6.6%

+5.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +12.7% a year over five years — but profit grew faster: net income at +14.8%, earnings per share at +15.2%.

The share count fell from 0.02B to 0.02B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

8 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 11.2% · Net 7.5%

ROE

FY2025 · ROE 16.4%

Gross margin22.6%

Operating margin11.2%

Net margin7.5%

Return on assets9.3%

EBITDAUSD 173.8M

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders

USD 15.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 86.1

Net buybacks $M Dividends $M

FY2025 · Dividends 15.7 · Net buybacks —

Dividends paidUSD 15.7M

Net buybacks—

Share of profit19.2%

Consecutive raises6 years (since the 2019 share-count change)

USD 15.7M in dividends — 19% of the year's profit went back to shareholders.

Total assetsUSD 986.3M

EquityUSD 534.0M

CashUSD 3.9M

Gross debtUSD 244.0M

Net debtUSD 240.1M

Current ratio2.21×

Net debt stands at 45% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.1	1.0	0.9	0.9	0.8	0.6	0.5	0.6	0.5	0.5	0.4	0.4	0.3	0.4	0.3	0.3	0.3
Operating income $B	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	3.91	4.03	3.59	2.86	2.44	1.93	1.33	1.14	−0.86	2.13	1.72	1.81	1.71	1.62	2.18	1.96	2.32
Dividend / sh $	0.75	0.70	0.63	0.57	0.52	0.47	0.46	0.34	0.88	0.84	0.80	0.76	0.72	0.68	0.64	0.70	0.66
Payout %	19	17	18	20	21	24	35	49	−100	38	46	41	41	40	28	34	28
ROE %	16.4	19.5	19.9	18.4	18.2	16.4	12.6	11.6	−4.4	10.8	9.2	10.2	10.3	10.5	15.5	15.8	19.6
Shares out B	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergences in 83 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent

ActivityWholesale-Chemicals & Allied Products

Listed onNASDAQ

Incorporated inMinnesota

Fiscal year endsMarch 28

Data on record since2009