# Whirlpool Corporation (WHR)

> Source: Nexqual · https://nexqual.com/WHR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Whirlpool Corporation (WHR), nexqual.com/WHR" · informational, not investment advice.

**Price:** USD 28.8 (+8.56% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 26.53 · day 26.35–29.02 · 52w 26.08–94.82 · market cap $1.88B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $14.9B, net income $187M (1.3% margin), free cash flow -$172M (SEC filings).
- Valuation: P/E 10.0x (avg 13.3x at the last 2 fiscal year-ends), EV/EBITDA 7.8x, net debt $5.81B.
- 1 of 80 tracked superinvestors hold WHR (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 3.38 on a 1–5 scale) (13 analysts), mean target USD 45.67 (range 22–137).
- Total return with dividends: 1Y -60.2% vs S&P 500 +14.9%; 5Y -82.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD 1.01, revenue estimate $3.93B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $22.0B | $19.7B | $19.5B | $16.6B | $15.5B | $14.9B |
| Gross profit | $4.41B | $3.07B | $3.17B | $2.58B | $2.39B | — |
| Operating income | $2.35B | -$1.06B | $1.01B | $143M | $838M | $630M |
| Net income | $1.78B | -$1.52B | $481M | -$323M | $318M | $187M |
| EPS (diluted) | $28.36 | -$27.18 | $8.72 | -$5.87 | $5.66 | — |
| Free cash flow | $1.65B | $820M | $366M | $384M | $81.0M | -$172M |
| Gross margin | 20.1% | 15.6% | 16.3% | 15.5% | 15.4% | — |
| Operating margin | 10.7% | -5.4% | 5.2% | 0.9% | 5.4% | 4.2% |
| Net margin | 8.1% | -7.7% | 2.5% | -1.9% | 2.0% | 1.3% |
| Revenue growth | +13.0% | -10.3% | -1.4% | -14.6% | -6.5% | — |
| Cash + short-term investments | $3.04B | $1.96B | $1.57B | $1.27B | $669M | — |
| Total debt | $5.23B | $7.61B | $7.21B | $6.61B | $6.17B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 10.0x · P/S 0.1x · EV/EBITDA 7.8x · EV/Sales 0.5x · P/B 0.5x · FCF yield -9.16% · Earnings yield 9.96% · Dividend yield (paid, TTM) 9.27% · Net debt $5.81B · EV $7.69B
P/E at fiscal year-ends: Dec 2025 12.7x, Dec 2023 14.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold WHR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Tepper | Appaloosa Management | 0.38% | $28.2M | Reduced -63.3% |

## Analysts
Consensus Hold (mean 3.38 on a 1–5 scale), 13 analysts; mean target USD 45.67 (low 22, high 137).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Longbow Research | Downgrade | Buy → Neutral |  |
| 2026-10-16 | Wells Fargo | Target lowered | Equal-Weight | $39 → $30 |
| 2026-10-12 | Citigroup | Target lowered | Neutral | $48 → $32 |
| 2026-10-12 | Goldman Sachs | Target lowered | Neutral | $48 → $41 |
| 2026-10-07 | RBC Capital | Target lowered | Underperform | $32 → $22 |
| 2026-09-11 | Wells Fargo | Target lowered | Equal-Weight | $42 → $39 |
| 2026-09-11 | B of A Securities | Target lowered | Underperform | $38 → $31 |
| 2026-08-24 | Wells Fargo | Initiated | Equal-Weight | $42 |
| 2026-08-05 | RBC Capital | Target raised | Underperform | $30 → $32 |
| 2026-07-23 | Stifel | Target lowered | Hold | $45 → $37 |
| 2026-07-21 | Mizuho | Target lowered | Neutral | $45 → $40 |
| 2026-07-14 | Citigroup | Target lowered | Neutral | $50 → $42 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -60.2% | -82.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -60.3% | -29.6% |
| Volatility (annualized) | 51.2% | 41.7% |
| Max drawdown | -71.1% (Feb 2026→Oct 2026) | -84.9% (Dec 2021→Oct 2026) |

## Peers (Furnishings, Fixtures & Appliances)
TILE (Interface, Inc.) USD 36.51 +4.11% · MBC (MasterBrand, Inc.) USD 7.35 +8.73% · MLKN (MillerKnoll, Inc.) USD 21.68 +7.22% · LZB (La-Z-Boy Incorporated) USD 30.4 +6.00% · HNI (HNI Corporation) USD 48.21 +6.99% · ALH (Alliance Laundry Holdings Inc.) USD 21.44 +0.52%

## More
Full page: https://nexqual.com/WHR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in WHR's own 10-K filed 2026-02-11 (https://www.sec.gov/Archives/edgar/data/106640/000010664026000009/whr-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Lowe's (LOW) | "Sales to Lowe's represented approximately 15%, 13%, and 13% of our consolidated net sales in 2025, 2024 and 2023, respectively." |
| Competitor | Panasonic | "Competition in the major home appliance industry is intense, including competitors such as BSH (Bosch), Electrolux, Haier, Hisense, LG, Mabe, Midea, Panasonic and Samsung, many of which are increasingly expanding beyond …" |
| Competitor | Samsung Electronics | "Competition in the major home appliance industry is intense, including competitors such as BSH (Bosch), Electrolux, Haier, Hisense, LG, Mabe, Midea, Panasonic and Samsung, many of which are increasingly expanding beyond …" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| MDA North America | $2.41B | 68.5% | -1.6% |
| MDA Latin America | $868.0M | 24.7% | +7.7% |
| SDA Global | $202.0M | 5.7% | +0.5% |
| Total revenue | $3.52B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Total major product category net sales | $3.18B | 90.3% | -6.3% |
| — Laundry (part of Total major product category net sales) | $1.06B | 30.3% | -1.0% |
| — Refrigeration (part of Total major product category net sales) | $1.05B | 29.9% | -14.0% |
| — Cooking (part of Total major product category net sales) | $790.0M | 22.5% | -3.7% |
| — Dishwashing (part of Total major product category net sales) | $270.0M | 7.7% | -0.4% |
| Other | $205.0M | 5.8% | -16.7% |
| Spare parts and warranties | $135.0M | 3.8% | -0.7% |
| Total revenue | $3.52B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States Pension Benefits | $10.10B | 65.1% | +0.0% |
| Brazil | $2.40B | 15.5% | -4.0% |
| Total revenue | $15.52B | 100% | — |
The lines above cover 80.5% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.01 | $1.20 | -15.7% | $3.93B | 8 |
| Next quarter (ends 2026-12-31) | $1.59 | $1.47 | +8.7% | $4.10B | 6 |
| Current fiscal year (ends 2026-12-31) | $1.91 | $2.51 | -23.8% | $14.82B | 8 |
| Next fiscal year (ends 2027-12-31) | $2.89 | $4.03 | -28.2% | $15.30B | 12 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-26): ±16.8%; last 8 reports averaged ±10.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 73.5% | ±16.8% |
| 2026-12-18 | 56 | 71.1% | ±22.4% |
| 2027-01-15 | 84 | 65.9% | ±25.3% |
| 2027-03-19 | 147 | 66.0% | ±33.0% |
| 2027-06-17 | 237 | 66.0% | ±41.2% |
| 2027-09-17 | 329 | 62.4% | ±45.6% |