WHRWhirlpool Corporation
Is the business good?
The checks split: margins widening, but thin cash backing (0.5×) and returns that lean on debt.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit outpaces operating cash flow, watch accruals and working capital. Conversion is worsening vs a year ago.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 3% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is WHR?
Whirlpool Corporation earns 5.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 3.9 points below what the capital costs: growth destroys value
- Operating margin
- 4.2%
Operating margin · Furnishings, Fixtures & Appliances median 7.8% · 12 months to Q2 2026
- Cash conversion
- 0.50×
Cash conversion · 1.51× a year ago · the operating profit has not turned into cash yet
- Share count, year on year
- +16%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 8.3% |
| FY2021 | 11% |
| FY2022 | −5.3% |
| FY2023 | 5.2% |
| FY2024 | 0.86% |
| FY2025 | 5.4% |
Details›
- Gross margin12 months to Q2 2026
- 14%
- Operating margin12 months to Q2 2026
- 4.2%
- Net margin12 months to Q2 2026
- 1.3%
- Free cash flow margin
- −1.1%
- Revenue, trailing twelve months
- $14.9B
- Free cash flow, trailing twelve months
- −$172M
- Net income, trailing twelve months
- $187M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Furnishings, Fixtures & Appliances
Ranks #10 of 13 by RyuScore