Is the business good?
How good a business is HWKN?
Hawkins, Inc. earns 12% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
12%
Return on invested capital · cost of capital 9.0% · 3.4 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Specialty Chemicals median 9.1% · 12 months to Q4 2025
- Cash conversion
- 1.06×
Cash conversion · 0.83× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 23%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 9.4% |
| FY2021 | 9.2% |
| FY2022 | 9.4% |
| FY2023 | 11% |
| FY2024 | 12% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q4 2025
- 23%
- Operating margin12 months to Q4 2025
- 11%
- Net margin12 months to Q4 2025
- 7.5%
- Free cash flow margin
- 7.9%
- Revenue, trailing twelve months
- $1.08B
- Free cash flow, trailing twelve months
- $86M
- Net income, trailing twelve months
- $82M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Chemicals
Ranks #31 of 36 by Smart Score