Hamilton Beach Brands (HBB)
Market Price (8/11/2026): $32.85 | Market Cap: $443.3 MilSector: Consumer Discretionary | Industry: Household Appliances
Hamilton Beach Brands (HBB)
Market Price (8/11/2026): $32.85Market Cap: $443.3 MilSector: Consumer DiscretionaryIndustry: Household Appliances
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10.0%, FCF Yield is 22% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Home & Kitchen Technology. Themes include Online Marketplaces, Direct-to-Consumer Brands, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns2Y Excs Rtn is -8.6% | Stock price has recently run up significantly12M Rtn12 month market price return is 142% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.0% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 69% Key risksHBB key risks include [1] its exposure to tariffs and volatile trade policies on products imported from China and [2] a heavy reliance on the negotiating power of key retailers. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10.0%, FCF Yield is 22% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Home & Kitchen Technology. Themes include Online Marketplaces, Direct-to-Consumer Brands, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -8.6% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 142% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.0% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 69% |
| Key risksHBB key risks include [1] its exposure to tariffs and volatile trade policies on products imported from China and [2] a heavy reliance on the negotiating power of key retailers. |
Qualitative Assessment
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Hamilton Beach Brands (HBB) stock has gained about 60% since 4/30/2026 because of the following key factors:
1. Hamilton Beach Brands reported exceptional financial results for fiscal Q2 2026, ended June 30, 2026, significantly surpassing prior-year performance and analyst expectations. The company's diluted earnings per share (EPS) surged to $2.49, a substantial increase from $0.33 in the prior-year period. Operating profit dramatically rose to $43.2 million compared to $5.9 million in fiscal Q2 2025. These strong results were primarily driven by one-time benefits from IEEPA tariff refunds.
2. The company achieved robust gross margin expansion and a notable recovery in revenue during fiscal Q2 2026. Gross margin more than doubled to 54.3% in fiscal Q2 2026 from 27.5% in fiscal Q2 2025, largely due to the aforementioned IEEPA tariff refunds and ongoing tariff mitigation strategies including foreign trade zones, sourcing diversification, and pricing actions. Additionally, total revenue increased by 11.6% to $142.6 million, reflecting a recovery in U.S. Consumer business volumes that were impacted by retailer inventory adjustments in the previous year.
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Hamilton Beach Brands (HBB) stock has gained about 60% since 4/30/2026 because of the following key factors:
1. Hamilton Beach Brands reported exceptional financial results for fiscal Q2 2026, ended June 30, 2026, significantly surpassing prior-year performance and analyst expectations. The company's diluted earnings per share (EPS) surged to $2.49, a substantial increase from $0.33 in the prior-year period. Operating profit dramatically rose to $43.2 million compared to $5.9 million in fiscal Q2 2025. These strong results were primarily driven by one-time benefits from IEEPA tariff refunds.
2. The company achieved robust gross margin expansion and a notable recovery in revenue during fiscal Q2 2026. Gross margin more than doubled to 54.3% in fiscal Q2 2026 from 27.5% in fiscal Q2 2025, largely due to the aforementioned IEEPA tariff refunds and ongoing tariff mitigation strategies including foreign trade zones, sourcing diversification, and pricing actions. Additionally, total revenue increased by 11.6% to $142.6 million, reflecting a recovery in U.S. Consumer business volumes that were impacted by retailer inventory adjustments in the previous year.
3. Hamilton Beach Brands significantly strengthened its balance sheet, transitioning from a net debt position to net cash. As of June 30, 2026, the company reported net cash of $51.5 million, a considerable improvement compared to a net debt of $38.7 million on June 30, 2025. Net cash provided by operating activities for the six months ended June 30, 2026, also saw a substantial increase to $61.5 million, primarily attributed to the IEEPA tariff refunds and lower working capital due to reduced inventory levels.
4. The company reiterated its fiscal year 2026 revenue outlook and raised its profit guidance, signaling continued confidence in its performance. Hamilton Beach Brands maintained its expectation for full-year 2026 revenue growth to approach a mid-single-digit range. Furthermore, it raised its outlook for operating profit, now anticipating a high-single-digit decline, an improvement from its previous estimate of a low-teens decline, even after accounting for an incremental $6 million in planned advertising spend and approximately $6 million in accelerated depreciation for its legacy ERP system.
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Stock Movement Drivers
Fundamental Drivers
The 59.6% change in HBB stock from 4/30/2026 to 8/10/2026 was primarily driven by a 115.9% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.68 | 33.00 | 59.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 607 | 610 | 0.6% |
| Net Income Margin (%) | 4.4% | 9.4% | 115.9% |
| P/E Multiple | 10.5 | 7.8 | -26.2% |
| Shares Outstanding (Mil) | 13 | 13 | -0.5% |
| Cumulative Contribution | 59.6% |
Market Drivers
4/30/2026 to 8/10/2026| Return | Correlation | |
|---|---|---|
| HBB | 59.6% | |
| Market (SPY) | 7.6% | 22.8% |
| Sector (XLY) | 1.1% | 39.9% |
Fundamental Drivers
The 75.0% change in HBB stock from 1/31/2026 to 8/10/2026 was primarily driven by a 79.2% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.85 | 33.00 | 75.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 607 | 610 | 0.5% |
| Net Income Margin (%) | 5.3% | 9.4% | 79.2% |
| P/E Multiple | 8.0 | 7.8 | -2.7% |
| Shares Outstanding (Mil) | 13 | 13 | -0.1% |
| Cumulative Contribution | 75.0% |
Market Drivers
1/31/2026 to 8/10/2026| Return | Correlation | |
|---|---|---|
| HBB | 75.0% | |
| Market (SPY) | 12.0% | 30.3% |
| Sector (XLY) | -1.0% | 42.2% |
Fundamental Drivers
The 118.0% change in HBB stock from 7/31/2025 to 8/10/2026 was primarily driven by a 84.6% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.14 | 33.00 | 118.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 631 | 610 | -3.3% |
| Net Income Margin (%) | 5.1% | 9.4% | 84.6% |
| P/E Multiple | 6.4 | 7.8 | 22.0% |
| Shares Outstanding (Mil) | 14 | 13 | 0.1% |
| Cumulative Contribution | 118.0% |
Market Drivers
7/31/2025 to 8/10/2026| Return | Correlation | |
|---|---|---|
| HBB | 118.0% | |
| Market (SPY) | 23.3% | 30.5% |
| Sector (XLY) | 8.7% | 41.1% |
Fundamental Drivers
The 262.7% change in HBB stock from 7/31/2023 to 8/10/2026 was primarily driven by a 340.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.10 | 33.00 | 262.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 623 | 610 | -2.0% |
| Net Income Margin (%) | 2.1% | 9.4% | 340.2% |
| P/E Multiple | 9.6 | 7.8 | -19.4% |
| Shares Outstanding (Mil) | 14 | 13 | 4.3% |
| Cumulative Contribution | 262.7% |
Market Drivers
7/31/2023 to 8/10/2026| Return | Correlation | |
|---|---|---|
| HBB | 262.7% | |
| Market (SPY) | 74.8% | 23.7% |
| Sector (XLY) | 40.9% | 27.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HBB Return | -16% | -11% | 46% | -2% | 1% | 93% | 109% |
| Peers Return | 31% | -36% | 6% | 22% | -19% | 28% | 11% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| HBB Win Rate | 42% | 50% | 67% | 42% | 50% | 62% | |
| Peers Win Rate | 69% | 38% | 50% | 52% | 43% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HBB Max Drawdown | -47% | -40% | -30% | -48% | -35% | -22% | |
| Peers Max Drawdown | -20% | -49% | -36% | -25% | -47% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NWL, SPB, SN, WHR, MIDD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/10/2026 (YTD)
How Low Can It Go
| Event | HBB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.0% | -18.8% |
| % Gain to Breakeven | 23.4% | 23.1% |
| Time to Breakeven | 5 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.3% | -6.7% |
| % Gain to Breakeven | 35.7% | 7.1% |
| Time to Breakeven | 83 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.8% | -24.5% |
| % Gain to Breakeven | 53.3% | 32.4% |
| Time to Breakeven | 200 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.3% | -33.7% |
| % Gain to Breakeven | 114.1% | 50.9% |
| Time to Breakeven | 127 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.9% | -19.2% |
| % Gain to Breakeven | 14.9% | 23.8% |
| Time to Breakeven | 7 days | 105 days |
In The Past
Hamilton Beach Brands's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.4% gain to breakeven.
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Asset Allocation
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| Event | HBB | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.3% | -6.7% |
| % Gain to Breakeven | 35.7% | 7.1% |
| Time to Breakeven | 83 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.8% | -24.5% |
| % Gain to Breakeven | 53.3% | 32.4% |
| Time to Breakeven | 200 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.3% | -33.7% |
| % Gain to Breakeven | 114.1% | 50.9% |
| Time to Breakeven | 127 days | 140 days |
In The Past
Hamilton Beach Brands's stock fell -19.0% during the 2025 US Tariff Shock. Such a loss loss requires a 23.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hamilton Beach Brands (HBB)
Hamilton Beach Brands (HBB) is a leading company that designs, markets, and distributes a broad range of small electric household and specialty housewares appliances. Operating both within the United States and internationally, the company caters to both consumer and commercial sectors, establishing a significant presence in kitchens and businesses worldwide.
The company's extensive product line for consumers includes popular kitchen staples such as air fryers, blenders, coffee makers, food processors, slow cookers, and toasters, primarily under its well-known Hamilton Beach and Proctor Silex brands. Beyond kitchen appliances, HBB also offers air purifiers (TrueAir), personal care products (Brightline), premium appliances (Hamilton Beach Professional, Wolf Gourmet), garment care items (CHI), and specialized food processing equipment (Weston). For the commercial market, Hamilton Beach Brands provides robust appliances for restaurants, fast-food chains, bars, and hotels through its Hamilton Beach Commercial and Proctor Silex Commercial brands, alongside offering the Bartesian cocktail delivery system and supplying private label products.
Hamilton Beach Brands serves its consumer base through a diverse network of sales channels, including mass merchandisers, e-commerce retailers, national department stores, variety and drug store chains, and specialty home retailers. Its commercial products reach clients via distributors, directly to restaurants, bars, and hotels, ensuring comprehensive market coverage across both retail and professional foodservice industries.
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Hamilton Beach is like Whirlpool, but specializing in small kitchen and home appliances.
Hamilton Beach is like Newell Brands (think Crock-Pot and Oster), but exclusively for small household appliances.
Hamilton Beach is like Black+Decker, but focused solely on kitchen and home appliances instead of power tools.
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- Small Electric Household Appliances: A broad category including blenders, food processors, coffee makers, slow cookers, and toaster ovens for general home use.
- Air Purifiers: Devices marketed under the TrueAir brand designed to improve air quality by removing contaminants.
- Commercial Appliances: Durable products, such as those under the Hamilton Beach Commercial brand, developed for use in restaurants, bars, and hotels.
- Personal Care Products: Items like those offered under the Brightline brand, typically for personal grooming and wellness.
- Premium Countertop Appliances: High-end kitchen appliances sold under brands such as Hamilton Beach Professional and Wolf Gourmet.
- Garment Care Products: Appliances, including those under the CHI brand, specifically designed for clothing care, such as irons.
- Farm-to-Table Food Processing Equipment: Specialized equipment under the Weston brand for processing food from agricultural sources for culinary use.
- Cocktail Delivery Systems: Innovative appliances like the Bartesian system that prepare and dispense cocktails.
- Private Label Products: Manufacturing and supplying various products for sale under other companies' brands.
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Major Customers of Hamilton Beach Brands (HBB)
Hamilton Beach Brands (HBB) primarily sells its products to other companies, including a network of retailers and commercial establishments, rather than directly to individual consumers. Its major customers are therefore the large retail chains and e-commerce platforms that carry its various brands, as well as distributors and commercial clients for its professional lines.
Key categories of its major customers and prominent examples include:
- Mass Merchandisers and Superstores:
- Walmart Inc. (WMT)
- Target Corporation (TGT)
- The Kroger Co. (KR)
- Costco Wholesale Corporation (COST)
- E-commerce Retailers:
- Amazon.com, Inc. (AMZN)
- Wayfair Inc. (W)
- National Department Stores:
- Macy's, Inc. (M)
- Kohl's Corporation (KSS)
- Commercial and Hospitality Clients: While HBB sells through various distributors to this sector, major end-users include a wide range of independent and chain restaurants, bars, and hotels for its Hamilton Beach Commercial and Proctor Silex Commercial brands.
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R. Scott Tidey, President and Chief Executive Officer
Mr. Tidey joined Hamilton Beach Brands in September 1993 and has held various leadership positions within the company, including President from February 2024 to September 2024, Senior Vice President of Global Sales from January 2023 to February 2024, and Senior Vice President, Consumer Sales and Marketing from March 2021 to January 2023. Prior to joining Hamilton Beach Brands, he spent six years with A.H. Robins, which is now a division of Pfizer.
Sally M. Cunningham, Senior Vice President, Chief Financial Officer and Treasurer
Ms. Cunningham was appointed Senior Vice President, Chief Financial Officer, effective March 17, 2023, and also serves as Treasurer. Before joining Hamilton Beach Brands, she served as a finance operating partner with the private equity firm One Rock Capital Partners from November 2021 to February 2023. Previously, she was Senior Vice President and CFO at Synalloy Corporation (now Ascent Industries Co.) from June 2020 to August 2021, and Vice President of Corporate Administration at Synalloy from October 2015 to June 2020.
Andrew C. Carington, Senior Vice President, General Counsel and Secretary
Mr. Carington serves as the Senior Vice President, General Counsel and Secretary for Hamilton Beach Brands.
Erin Israel, Senior Vice President - Strategy, Marketing & Global Commercial Business
Ms. Israel possesses over two decades of experience in the consumer goods industry. She has held various strategic and marketing positions at Hamilton Beach Brands, demonstrating expertise in managing retail product portfolios, leading business development initiatives, and launching new products across international markets.
Michael Bunge, Vice President, Global Supply Chain & Operations
Mr. Bunge has more than 20 years of dedication to organizational excellence through cost reduction, process improvement, and strategic planning and implementation. His expertise has enabled him to develop business internationally by providing overall strategic, tactical, and operational direction to implement cost-saving solutions and increase revenue.
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Key Business Risks for Hamilton Beach Brands (HBB)
- Intense Competition and Pricing Pressure: Hamilton Beach Brands operates in a highly competitive market for small electric household and specialty housewares appliances, facing numerous established brands, private labels, and new entrants. This intense competition can lead to pricing pressure, reduced profit margins, and the need for continuous innovation and marketing investment to maintain market share.
- Supply Chain Disruptions and Cost Volatility: The company's business relies on global sourcing and manufacturing for its wide range of products. This exposes Hamilton Beach Brands to risks such as disruptions in the supply chain due to geopolitical events, natural disasters, trade policy changes (e.g., tariffs), logistics challenges, and fluctuations in raw material costs, which could impact production, inventory levels, and profitability.
- Reliance on Major Retail Channels and Evolving Retail Landscape: Hamilton Beach Brands distributes its products through a network of mass merchandisers, e-commerce retailers, national department stores, and other retail outlets. Significant reliance on these channels means that changes in retailer strategies, consolidation among retailers, shifts in consumer purchasing habits (e.g., accelerated move to online shopping), or increased bargaining power of major retailers could negatively impact sales volumes, distribution agreements, and profitability.
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The rise of direct-to-consumer (DTC) brands and digitally-native niche competitors in the small appliance and housewares market. These agile brands leverage online channels, social media, and often a focus on design, specific product categories, or specialized features to bypass traditional retail distribution, directly engaging consumers and potentially eroding market share from established players like Hamilton Beach Brands, particularly in premium and specialty segments such as Wolf Gourmet, Hamilton Beach Professional, and Bartesian.
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Hamilton Beach Brands (HBB) operates within several addressable markets for its diverse range of products. Below are the estimated market sizes for its main product categories:
-
Small Electric Household and Kitchen Appliances:
- The global kitchen appliances market was valued at approximately USD 242.30 billion in 2024 and is projected to reach USD 428.23 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.9%.
- In the U.S., the household kitchen appliances market was valued at USD 63.21 billion in 2024 and is expected to reach USD 78.76 billion by 2033, growing at a CAGR of 2.5%. Another report estimates the U.S. small kitchen appliances market at USD 24.23 billion in 2025, expected to reach USD 30.44 billion by 2030.
- The global small domestic appliances market was valued at USD 212.3 billion in 2025 and is projected to grow to USD 342.13 billion by 2034, with a CAGR of 4.92%.
-
Air Purifiers (under the TrueAir brand):
- The global air purifier market size was valued at USD 18.28 billion in 2025 and is projected to grow to USD 32.72 billion by 2034, exhibiting a CAGR of 6.68%.
- The U.S. air purifier market size was estimated at USD 4,729.4 million in 2025 and is projected to reach USD 7,917.2 million by 2033, growing at a CAGR of 6.8%. Another estimate places the U.S. market at USD 3.51 billion in 2025, projected to reach USD 5.72 billion by 2033.
-
Commercial Products (Hamilton Beach Commercial and Proctor Silex Commercial brands):
- The global commercial kitchen appliances market size was valued at USD 109.2 billion in 2025 and is projected to reach USD 166.3 billion by 2034, growing at a CAGR of 4.78%. Another report estimates the global commercial cooking equipment market at USD 39.01 billion in 2025, projected to grow to USD 60.48 billion by 2034.
- For the U.S., the commercial cooking equipment manufacturing market size was estimated at $8.4 billion in 2025. The U.S. commercial kitchen appliances market is projected to reach USD 9.2 billion by 2026.
-
Garment Care Products (CHI brand, including irons):
- The global garment care appliances market size was valued at USD 70.92 billion in 2025 and is projected to reach USD 119.82 billion by 2034, exhibiting a CAGR of 4.78%.
- The global garment steamer market is projected to grow from USD 3.19 billion in 2025 to USD 4.52 billion by 2031, at a CAGR of 5.98%.
-
Cocktail Delivery System (Bartesian brand) / Beverage Appliances:
- The global smart home-based beverage machine market size was estimated at USD 1.9 billion in 2024 and is expected to reach USD 4.2 billion by 2034, growing at a CAGR of 8.5%.
- The global beverage fridge market size was estimated at USD 6.54 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030.
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Hamilton Beach Brands (HBB) is focusing on several key drivers to fuel its revenue growth over the next two to three years:
- Expansion into the Premium Market: Hamilton Beach Brands is actively seeking to increase its share in the premium small kitchen appliance market, a segment representing a significant portion of the U.S. appliance market. This strategy includes the launch of new premium brands such as Lotus Professional (introduced in 2025) and Lotus Signature (expected mid-2026). The company is backing these launches with substantial advertising investments.
- Growth in the Global Commercial Market: The company is accelerating its presence in the global commercial market, which contributed 8% of its revenue in 2024. This growth is being driven through strategic partnerships and the expansion of product offerings, including new agreements like the Sunkist branded commercial juicers.
- Acceleration of the Hamilton Beach Health Segment: Hamilton Beach Health, which includes the subscription-based Smart Sharps Bin, achieved positive operating profit in the third and fourth quarters of 2025. The company is focused on expanding partnerships and increasing its patient subscription base within this segment.
- Increased Investment in Digital Transformation and Advertising: To drive core business growth and enhance brand visibility, Hamilton Beach Brands plans to significantly increase its advertising investment in 2026, surpassing the combined total of the previous four years. This investment aims to accelerate digital transformation, improve AI shopping tactics, and boost brand discoverability.
- Launch of New Products in Core and Emerging Categories: The company continues to innovate and launch new products across its portfolio. This includes targeting market share gains with new blender systems, garment care products, and single-serve coffee platforms. Additionally, partnerships like the one with Numilk to manufacture appliances for non-dairy milk preparation indicate a focus on emerging consumer trends.
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Capital Allocation Decisions for Hamilton Beach Brands (HBB)
Share Repurchases
- Hamilton Beach Brands Holding Company's Board of Directors approved a new stock repurchase program on November 20, 2025, authorizing the purchase of up to $25 million of its outstanding Class A Common Stock, effective from January 1, 2026, through December 31, 2027.
- Under a previous share buyback program that ran from January 1, 2024, to December 31, 2025, the company repurchased 1,034,446 shares for an aggregate price of $20.7 million through September 30, 2025.
- An earlier program, authorized on February 22, 2022, allowed for the purchase of up to $25 million of Class A common stock through December 31, 2023, during which 400,698 shares were repurchased for $4.5 million through September 30, 2023.
Outbound Investments
- Hamilton Beach Brands Holding completed a Merger/Acquisition with HealthBeacon on February 2, 2024.
- The company is expanding its presence in the home health and medical markets through connected medical devices, primarily via its Hamilton Beach Health subsidiary, which includes HealthBeacon.
Capital Expenditures
- Hamilton Beach Brands' primary use of funds includes capital expenditures.
- Operating profit for 2026 is expected to be impacted by increased ERP transition costs, indicating investment in enterprise resource planning systems.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Hamilton Beach Brands Earnings Notes | 12/16/2025 | |
| Hamilton Beach Brands Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 65.03 |
| Mkt Cap | 2.6 |
| Rev LTM | 5,022 |
| Op Inc LTM | 511 |
| FCF LTM | 205 |
| FCF 3Y Avg | 107 |
| CFO LTM | 332 |
| CFO 3Y Avg | 441 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.6% |
| Rev Chg 3Y Avg | -3.0% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 31.9% |
| Op Inc Chg 3Y Avg | 27.6% |
| Op Mgn LTM | 10.4% |
| Op Mgn 3Y Avg | 7.8% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 12.8% |
| CFO/Rev 3Y Avg | 6.4% |
| FCF/Rev LTM | 10.8% |
| FCF/Rev 3Y Avg | 3.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Home and Commercial Products | 600 | 650 | |||
| Health | 7 | 4 | |||
| Single Segment | 626 | 641 | |||
| Commercial products | 41 | ||||
| Consumer products | 613 | ||||
| Licensing | 5 | ||||
| Total | 607 | 655 | 626 | 641 | 658 |
| $ Mil | 2025 | 2024 | 2018 | 2017 |
|---|---|---|---|---|
| Home and Commercial Products | 38 | 48 | ||
| Health | -1 | -5 | ||
| Leasing | 40 | 41 | ||
| Not allocated | 0 | 0 | ||
| The Kitchen Collection, LLC | -7 | -3 | ||
| Total | 37 | 43 | 32 | 38 |
| $ Mil | 2018 | 2017 |
|---|---|---|
| Leasing | 294 | 281 |
| The Kitchen Collection, LLC | 34 | 43 |
| Not allocated | 2 | 2 |
| Total | 330 | 326 |
Price Behavior
| Market Price | $33.00 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 09/26/2017 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $21.96 | $18.62 |
| DMA Trend | up | up |
| Distance from DMA | 50.3% | 77.2% |
| 3M | 1YR | |
| Volatility | 63.8% | 55.6% |
| Downside Capture | 6.68 | 62.03 |
| Upside Capture | 246.53 | 149.05 |
| Correlation (SPY) | 25.1% | 28.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.02 | 0.76 | 1.03 | 1.27 | 1.35 | 0.92 |
| Up Beta | -2.54 | 0.46 | 1.34 | 2.21 | 2.35 | 1.45 |
| Down Beta | 1.71 | 0.37 | 0.35 | -0.18 | 0.83 | 0.26 |
| Up Capture | 188% | 156% | 137% | 169% | 154% | 108% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 19 | 30 | 62 | 124 | 379 |
| Down Capture | 181% | 59% | 102% | 120% | 103% | 95% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 24 | 33 | 64 | 123 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HBB | |
|---|---|---|---|---|
| HBB | 132.2% | 55.7% | 1.70 | - |
| Sector ETF (XLY) | 7.8% | 19.4% | 0.26 | 39.2% |
| Equity (SPY) | 23.4% | 12.8% | 1.37 | 27.8% |
| Gold (GLD) | 28.7% | 28.4% | 0.88 | 5.8% |
| Commodities (DBC) | 37.2% | 20.1% | 1.46 | -23.0% |
| Real Estate (VNQ) | 12.4% | 13.8% | 0.60 | 25.4% |
| Bitcoin (BTCUSD) | -44.9% | 43.0% | -1.27 | 11.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HBB | |
|---|---|---|---|---|
| HBB | 14.3% | 55.2% | 0.45 | - |
| Sector ETF (XLY) | 6.6% | 24.0% | 0.23 | 26.5% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 24.7% |
| Gold (GLD) | 18.9% | 18.6% | 0.83 | 1.4% |
| Commodities (DBC) | 9.2% | 19.6% | 0.36 | -0.9% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 17.7% |
| Bitcoin (BTCUSD) | 10.6% | 52.9% | 0.39 | 9.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HBB | |
|---|---|---|---|---|
| HBB | 2.8% | 58.4% | 0.29 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.52 | 29.5% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 27.9% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 1.5% |
| Commodities (DBC) | 7.7% | 18.1% | 0.34 | 6.1% |
| Real Estate (VNQ) | 4.6% | 20.7% | 0.18 | 26.0% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 7.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 13.1% | ||
| 5/6/2026 | 1.6% | -12.3% | -3.5% |
| 2/25/2026 | 3.7% | -4.5% | -11.6% |
| 11/5/2025 | -4.5% | -4.4% | 8.5% |
| 7/30/2025 | -0.8% | -10.8% | -7.2% |
| 4/30/2025 | -23.2% | -29.6% | -7.1% |
| 2/26/2025 | 12.5% | 10.7% | 10.9% |
| 10/30/2024 | -10.8% | -27.2% | -37.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 11 | 11 |
| # Negative | 9 | 11 | 11 |
| Median Positive | 3.6% | 10.7% | 20.3% |
| Median Negative | -7.3% | -12.3% | -10.1% |
| Max Positive | 13.9% | 26.5% | 46.8% |
| Max Negative | -23.2% | -29.6% | -37.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 13.1% | ||
| 5/6/2026 | 1.6% | -12.3% | -3.5% |
| 2/25/2026 | 3.7% | -4.5% | -11.6% |
| 11/5/2025 | -4.5% | -4.4% | 8.5% |
| 7/30/2025 | -0.8% | -10.8% | -7.2% |
| 4/30/2025 | -23.2% | -29.6% | -7.1% |
| 2/26/2025 | 12.5% | 10.7% | 10.9% |
| 10/30/2024 | -10.8% | -27.2% | -37.5% |
| 7/31/2024 | 1.2% | 26.5% | 46.8% |
| 5/7/2024 | 2.2% | -22.2% | -19.1% |
| 3/6/2024 | 6.5% | 16.4% | 34.7% |
| 11/1/2023 | 4.3% | 5.6% | 33.3% |
| 8/2/2023 | 2.7% | 16.2% | 23.5% |
| 5/3/2023 | 3.3% | 8.0% | -1.2% |
| 3/9/2023 | -7.9% | -16.1% | -19.6% |
| 11/2/2022 | -2.6% | 15.8% | 20.3% |
| 8/3/2022 | 3.5% | 9.0% | 15.5% |
| 5/4/2022 | -0.5% | 1.6% | 5.9% |
| 3/9/2022 | -10.9% | -17.1% | -12.2% |
| 11/3/2021 | 9.4% | 2.5% | -7.5% |
| 8/4/2021 | -7.3% | -10.0% | -10.1% |
| 3/16/2021 | 2.5% | -3.2% | 4.4% |
| 8/5/2020 | 13.9% | 21.1% | 38.1% |
| SUMMARY STATS | |||
| # Positive | 14 | 11 | 11 |
| # Negative | 9 | 11 | 11 |
| Median Positive | 3.6% | 10.7% | 20.3% |
| Median Negative | -7.3% | -12.3% | -10.1% |
| Max Positive | 13.9% | 26.5% | 46.8% |
| Max Negative | -23.2% | -29.6% | -37.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 03/09/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 03/22/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 07/24/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | 5.0% | 0 | Affirmed | Guidance: 5.0% for 2026 | |||
| 2026 Operating Profit Decline | -0.07 | 6.0% | Raised | Guidance: -0.13 for 2026 | |||
| 2026 Free Cash Flow | 35.00 Mil | 40.00 Mil | 45.00 Mil | 0 | Affirmed | Guidance: 40.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | 5.0% | 0.0% | Affirmed | Guidance: 5.0% for 2026 | |||
| 2026 Operating Profit Change | -0.13 | -1.5% | Lowered | Guidance: -0.12 for 2026 | |||
| 2026 Free Cash Flow | 35.00 Mil | 40.00 Mil | 45.00 Mil | 0.0% | Affirmed | Guidance: 40.00 Mil for 2026 | |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Household Appliances Resources |
| Twice |
| Appliance Retailer |
| Consumer Reports - Appliances |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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