Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 38x
1 Low stock price volatility
Vol 12M is 38%
Key risks
HWKN key risks include [1] intense competition and price pressure from larger entities and [2] the impact of raw material price volatility and supply chain disruptions on production costs.
2 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Advanced Materials. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
 
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
1 Low stock price volatility
Vol 12M is 38%
2 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Advanced Materials. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
3 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 38x
4 Key risks
HWKN key risks include [1] intense competition and price pressure from larger entities and [2] the impact of raw material price volatility and supply chain disruptions on production costs.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Hawkins (HWKN) stock has gained about 15% since 11/30/2025 because of the following key factors:

1. Continued strong financial performance and positive outlook from previous fiscal quarters established upward momentum.

While reported prior to the specified period, the record-breaking results from Q4 fiscal year 2025 (ending March 30, 2025) and Q1 fiscal year 2026 (ending June 29, 2025) significantly influenced investor sentiment and carried into the period since November 30, 2025. Hawkins reported Q4 fiscal year 2025 sales up 10% year-over-year to $245.3 million, surpassing analyst expectations, and diluted earnings per share (EPS) increased 18% to $0.78, beating forecasts. This was followed by record Q1 fiscal year 2026 revenue growth of 15% year-over-year to $293.3 million, which exceeded consensus estimates, and a 1% increase in diluted EPS to $1.40. The Water Treatment segment was a key driver, with sales increasing 21% in Q4 FY2025 and 28% in Q1 FY2026. The company also increased its annual cash dividends by 11% for fiscal year 2025 and its quarterly cash dividend by 6% to $0.19 per share for Q1 fiscal year 2026, signaling financial health.

2. Strategic acquisitions expanded the high-growth Water Treatment segment.

Hawkins continued its strategy of growth through acquisition, notably announcing the acquisition of Redbird Chemical, Inc. on December 3, 2025, within the analyzed period. This follows four acquisitions completed in fiscal year 2025, all of which supported the Water Treatment segment. These strategic moves strengthened a segment already demonstrating significant growth and contributed to the company's overall revenue and profitability expectations.

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Stock Movement Drivers

Fundamental Drivers

The 17.2% change in HWKN stock from 11/30/2025 to 3/29/2026 was primarily driven by a 18.2% change in the company's P/E Multiple.
(LTM values as of)113020253292026Change
Stock Price ($)129.85152.1217.2%
Change Contribution By: 
Total Revenues ($ Mil)1,0451,0631.7%
Net Income Margin (%)8.0%7.8%-2.5%
P/E Multiple32.438.318.2%
Shares Outstanding (Mil)21210.0%
Cumulative Contribution17.2%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
HWKN17.2% 
Market (SPY)-5.3%40.8%
Sector (XLB)10.0%46.6%

Fundamental Drivers

The -8.8% change in HWKN stock from 8/31/2025 to 3/29/2026 was primarily driven by a -7.3% change in the company's Net Income Margin (%).
(LTM values as of)83120253292026Change
Stock Price ($)166.86152.12-8.8%
Change Contribution By: 
Total Revenues ($ Mil)1,0121,0635.1%
Net Income Margin (%)8.4%7.8%-7.3%
P/E Multiple40.838.3-6.3%
Shares Outstanding (Mil)2121-0.1%
Cumulative Contribution-8.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
HWKN-8.8% 
Market (SPY)0.6%38.6%
Sector (XLB)7.1%53.8%

Fundamental Drivers

The 45.7% change in HWKN stock from 2/28/2025 to 3/29/2026 was primarily driven by a 44.5% change in the company's P/E Multiple.
(LTM values as of)22820253292026Change
Stock Price ($)104.44152.1245.7%
Change Contribution By: 
Total Revenues ($ Mil)9521,06311.7%
Net Income Margin (%)8.6%7.8%-9.8%
P/E Multiple26.538.344.5%
Shares Outstanding (Mil)21210.1%
Cumulative Contribution45.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
HWKN45.7% 
Market (SPY)9.8%42.5%
Sector (XLB)12.4%51.2%

Fundamental Drivers

The 282.6% change in HWKN stock from 2/28/2023 to 3/29/2026 was primarily driven by a 172.9% change in the company's P/E Multiple.
(LTM values as of)22820233292026Change
Stock Price ($)39.76152.12282.6%
Change Contribution By: 
Total Revenues ($ Mil)9301,06314.3%
Net Income Margin (%)6.3%7.8%22.2%
P/E Multiple14.038.3172.9%
Shares Outstanding (Mil)21210.4%
Cumulative Contribution282.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
HWKN282.6% 
Market (SPY)69.4%38.2%
Sector (XLB)26.8%43.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HWKN Return53%-1%85%75%16%7%511%
Peers Return31%-14%26%2%-27%54%62%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
HWKN Win Rate67%50%67%67%67%67% 
Peers Win Rate53%43%52%50%43%87% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
HWKN Max Drawdown-4%-15%-5%-16%-17%-12% 
Peers Max Drawdown-10%-29%-9%-24%-47%-2% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MEOH, DOW, HWKN, HUN, TROX.
[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 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventHWKNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-29.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven41.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven363 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-38.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven63.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven119 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-43.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven75.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven830 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-28.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven40.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven70 days1,480 days

Compare to MEOH, DOW, HWKN, HUN, TROX

In The Past

Hawkins's stock fell -29.2% during the 2022 Inflation Shock from a high on 3/22/2022. A -29.2% loss requires a 41.3% gain to breakeven.

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About Hawkins (HWKN)

Hawkins, Inc. blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries. This segment primarily provides acids, alkalis, and industrial and food-grade salts. It also receives, stores, and distributes various chemicals, such as liquid caustic soda, sulfuric acid, hydrochloric acid, urea, phosphoric acid, aqua ammonia, and potassium hydroxide. In addition, this segment manufactures sodium hypochlorite and agricultural products, as well as various food-grade products that include liquid phosphates, lactates, and other blended products; repackages water treatment chemicals and bulk industrial chemicals; and performs custom blending of chemicals, and contract and private label bleach packaging. The Water Treatment segment offers chemicals, equipment, and solutions for potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool and agriculture water. The Health and Nutrition segment offers ingredient distribution, processing, and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement and other nutritional food, and health and wellness products. Its products portfolio includes minerals, botanicals and herbs, vitamins and amino acids, excipients, joint products, sweeteners, and enzymes. The company was founded in 1938 and is headquartered in Roseville, Minnesota.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Hawkins (HWKN):

  • Sysco for industrial chemicals and specialty ingredients.

  • Fastenal for process chemicals and specialty ingredients.

AI Analysis | Feedback

  • Industrial Chemicals: Hawkins manufactures and distributes a wide range of industrial chemicals, including acids, alkalis, and salts, to various industries.
  • Food-Grade Products: The company produces specialized food-grade products such as liquid phosphates and lactates for the food industry.
  • Water Treatment Chemicals, Equipment & Solutions: Hawkins provides chemicals, equipment, and comprehensive solutions for potable water, wastewater, and industrial process water treatment.
  • Health & Nutrition Ingredients: It distributes and processes a broad portfolio of ingredients, including minerals, vitamins, botanicals, and enzymes, for the nutraceutical and health industries.
  • Chemical Repackaging & Blending Services: Hawkins offers custom blending and repackaging services for bulk industrial and water treatment chemicals.

AI Analysis | Feedback

Hawkins, Inc. (HWKN) primarily sells its products and services to other companies, not directly to individuals.

Hawkins serves a highly diversified customer base across numerous industries. Based on its public filings, no single customer accounted for 10% or more of its net sales in recent fiscal years. Therefore, Hawkins does not disclose specific "major customer" companies by name.

Instead, Hawkins serves a broad range of industrial and commercial customers. These include companies and organizations within the following industries and categories:

  • Industrial Segment Customers: Companies in the agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries. These customers utilize industrial chemicals, food-grade salts, acids, and alkalis, as well as custom blending and packaging services.
  • Water Treatment Segment Customers: Municipalities and industrial facilities requiring chemicals, equipment, and solutions for potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool and agriculture water treatment.
  • Health and Nutrition Segment Customers: Manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement, and other nutritional food, and health and wellness products. These customers procure ingredients, processing, and formulation solutions.

AI Analysis | Feedback

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Patrick H. Hawkins, President And Chief Executive Officer

Patrick H. Hawkins has served as Chief Executive Officer and President of Hawkins, Inc. and a member of its board since March 2011, and as President since March 2010. He joined the company in 1992 and held various positions, including Business Director – Food and Pharmaceuticals from 2009 to 2010, Business Manager – Food and Co-Extrusion Products from 2007 to 2009, and Sales Representative – Food Ingredients from 2002 to 2007. Prior to these roles, he also served as Plant Manager, Quality Director, and Technical Director within the company. Mr. Hawkins also holds the position of Chief Executive Officer at Stauber Performance Ingredients, Inc. In recognition of his leadership, he was named a winner of the Ernst & Young Entrepreneur Of The Year® 2023 Heartland Award. He earned his undergraduate degree from the University of St. Thomas.

Jeffrey P. Oldenkamp, Executive Vice President And Chief Financial Officer

Jeffrey P. Oldenkamp joined Hawkins, Inc. in May 2017, assuming the roles of Chief Financial Officer, Executive Vice President, and Treasurer in June 2017. Before joining Hawkins, he was the Chief Financial Officer at MTS Systems Corporation from January 2015, and previously served as Vice President of Finance for the MTS Test business from January 2014 to January 2015. His experience also includes serving as Americas Operations Chief Financial Officer and Vice President at Nilfisk-Advance, Inc. from January 2012 to January 2014. Mr. Oldenkamp has held various financial leadership positions at other companies, including Emerson Electric, Inc. and Honeywell. He holds a Master's of Business Administration degree from the University of Minnesota and a Bachelor of Arts degree with a concentration in Accounting from the University of St. Thomas.

Drew M. Grahek, Vice President – Operations

Drew M. Grahek became part of Hawkins, Inc. in September 2018. He brings 26 years of diverse experience, having worked with companies such as Target, Kohl's, Field & Stream, and Ulta Beauty. His background encompasses general operations, facility management, supply chain, service operations, and merchandising.

Douglas A. Lange, Vice President – Water Treatment Group

Douglas A. Lange has held the position of Vice President – Water Treatment Group since June 2020, having joined Hawkins, Inc. in January 2019. He possesses 25 years of experience in the specialty adhesives industry, gained through roles at H.B. Fuller, Franklin International, and Bright Wood Corp. Mr. Lange has a track record of driving business growth by expanding into new markets and establishing new locations in the USA, Germany, and China.

Shirley A. Rozeboom, Vice President – Health And Nutrition

Shirley A. Rozeboom serves as the Vice President – Health and Nutrition at Hawkins, Inc.

AI Analysis | Feedback

Key risks for Hawkins (HWKN) include:

  1. Raw Material Price Volatility and Supply Chain Disruptions: As a company that blends, manufactures, and distributes a wide range of chemicals and specialty ingredients, Hawkins is exposed to fluctuations in the prices and availability of its raw materials, such as acids, alkalis, industrial and food-grade salts, liquid caustic soda, sulfuric acid, and other chemical inputs. Significant increases in raw material costs or disruptions in their supply chain could adversely impact the company's profitability and ability to meet customer demand.

  2. Regulatory and Environmental Compliance: Operating in the chemical industry, particularly with industrial chemicals, water treatment chemicals, and various hazardous substances, Hawkins is subject to extensive and evolving environmental, health, and safety regulations at federal, state, and local levels. Compliance with these regulations can be costly, and any changes in regulations, non-compliance, or potential environmental liabilities could lead to increased operational expenses, fines, penalties, or restrictions on operations.

  3. Dependence on Diverse End Markets and Economic Sensitivity: Hawkins serves a broad array of industries including agriculture, chemical processing, electronics, energy, food, pharmaceutical, plating, municipal and industrial wastewater, nutraceutical, and personal care. While this diversification can mitigate some risks, a significant economic downturn or specific challenges impacting multiple key end markets simultaneously could lead to reduced demand for the company's products and services, negatively affecting its revenues and financial performance.

AI Analysis | Feedback

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Hawkins, Inc. operates within several addressable markets, with varying sizes depending on the specific product or service and the geographical region.

Industrial Segment

  • Specialty Chemicals: The global specialty chemicals market was estimated at approximately USD 978.97 billion in 2024 and is projected to reach USD 1,312.78 billion by 2030. North America accounted for 24.1% of the global specialty chemicals market revenue in 2024.
  • Food Grade Chemicals: The global food-grade chemicals market is projected to reach USD 24.03 billion by 2025, growing to USD 24.03 billion by 2033.

Water Treatment Segment

  • Water Treatment Chemicals: The global water treatment chemicals market was valued at approximately USD 39.81 billion in 2025 and is projected to reach USD 69.05 billion by 2034. North America held approximately 39% of the global market share in 2025. The North America water treatment chemicals market size was valued at USD 12.83 billion in 2024 and is anticipated to reach USD 19.23 billion by 2034.
  • Water and Wastewater Treatment Solutions (Broader Market): The global water and wastewater treatment market was valued at USD 372.39 billion in 2025 and is projected to reach USD 713.96 billion by 2034. North America held the largest market share, valued at USD 142.25 billion in 2025.

Health and Nutrition Segment

  • Nutraceutical Ingredients: The global nutraceutical ingredients market size was valued at approximately USD 95.73 billion in 2025 and is predicted to increase to about USD 204.47 billion by 2035. North America held close to 38% of the global market value in 2025. The U.S. nutraceutical ingredients market is projected to reach USD 32.18 billion by 2032.
  • Functional Food Ingredients: The global functional food ingredients market size was valued at approximately USD 128.12 billion in 2025 and is predicted to increase to about USD 210 billion by 2035. North America dominated the global market with the largest share of 35% in 2025.
  • Personal Care Ingredients: The global personal care ingredients market size was valued at USD 15.48 billion in 2025 and is predicted to increase to approximately USD 25.96 billion by 2034. The North America region accounted for almost 32.8% of the global personal care ingredients market share in 2021. The U.S. personal care ingredients market is valued at US$4.5 billion in 2026.
  • Dietary Supplement Ingredients: The global food supplement ingredients market size was valued at USD 17.26 billion in 2025 and is projected to grow to USD 35.28 billion by 2034. North America holds a 36% market share in 2025 for dietary supplements ingredients. The broader global dietary supplements market was estimated at USD 209.52 billion in 2025.

AI Analysis | Feedback

Hawkins, Inc. (HWKN) is expected to drive future revenue growth over the next two to three years through a combination of strategic acquisitions, expansion within its Water Treatment segment, and a focus on higher-margin specialty and value-added products and services across its business segments. Here are the expected drivers of future revenue growth for Hawkins:
  • Strategic Acquisitions: Hawkins has a consistent strategy of pursuing disciplined "tuck-in" acquisitions to expand its geographic footprint, enter new markets, and enhance its product portfolio. The company has completed multiple acquisitions in recent years, particularly strengthening its Water Treatment segment, and views these as a key component of its growth strategy.
  • Water Treatment Segment Expansion: The Water Treatment segment is a significant growth engine for Hawkins. The company plans to continue investing in new and existing branches to broaden its geographic coverage, particularly targeting growth in "Sun Belt metros." This expansion is also driven by anticipated demand from population growth and compliance with new environmental regulations, such as EPA-driven PFAS compliance spending through 2029.
  • Growth in Specialty and Value-Added Products and Services: Hawkins is focused on expanding its offerings of specialty and value-added products and services across its segments. This includes increasing formulations and on-site blending services within the Industrial segment. In the Health and Nutrition segment, the company plans to introduce new clean-label, functional, and sports-nutrition SKUs, along with private-label blends, to improve margins and market share. This strategy aligns with the broader goal of investing in capabilities for higher-margin and growth products.

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Share Repurchases

  • Hawkins' Board of Directors has authorized the repurchase of up to 2.6 million shares of its outstanding common stock, an authorization that was initially approved in May 2014 and has been amended over time.
  • The company made $21 million in stock repurchases during fiscal year 2025.
  • Hawkins repurchased $20.676 million worth of shares in fiscal year 2025 and $11.272 million in fiscal year 2024.

Share Issuance

  • Hawkins issued $2.658 million in new shares during fiscal year 2025 and $2.242 million in fiscal year 2024.
  • Shares surrendered for payroll taxes amounted to $2.541 million in fiscal year 2025 and $2.140 million in fiscal year 2024.

Outbound Investments

  • Hawkins completed four acquisitions in fiscal year 2025, primarily to support growth in its Water Treatment segment, with $87 million spent on acquiring Intercoastal Trading, Inc., Wofford Water Service, Inc., Waterguard, Inc., and Amerochem Corporation.
  • Subsequent to fiscal year 2025, Hawkins acquired WaterSurplus, which was funded by a net $150 million borrowing on its line of credit during the first quarter of fiscal year 2026.
  • In December 2021, the company acquired NAPCO Chemical Company, Inc., marking its sixth acquisition in 18 months to expand its Water Treatment segment.

Capital Expenditures

  • Hawkins reported capital spending of $41 million for fiscal year 2025.
  • Noncash capital expenditures in accounts payable were $1.841 million in fiscal year 2025 and $2.697 million in fiscal year 2024.
  • The company plans to fund future growth investments and expects all three of its segments—Water Treatment, Industrial, and Health & Nutrition—to continue growing profitably into fiscal year 2026.

Better Bets vs. Hawkins (HWKN)

Trade Ideas

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HWKNMEOHDOWHUNTROXMedian
NameHawkins Methanex Dow Huntsman Tronox  
Mkt Price152.1265.2240.8212.669.1240.82
Mkt Cap3.25.029.32.21.43.2
Rev LTM1,0633,58939,9685,7802,8983,589
Op Inc LTM122463158-24-21122
FCF LTM88917-1,447199-28188
FCF 3Y Avg91566374126-143126
CFO LTM1371,0161,03236660366
CFO 3Y Avg1378073,047332181332

Growth & Margins

HWKNMEOHDOWHUNTROXMedian
NameHawkins Methanex Dow Huntsman Tronox  
Rev Chg LTM11.7%-3.5%-7.0%-3.5%-5.7%-3.5%
Rev Chg 3Y Avg4.7%-5.7%-10.8%-11.5%-5.1%-5.7%
Rev Chg Q7.9%2.1%-9.1%-5.2%8.0%2.1%
QoQ Delta Rev Chg LTM1.7%0.6%-2.3%-1.4%1.9%0.6%
Op Mgn LTM11.5%12.9%0.4%-0.4%-0.7%0.4%
Op Mgn 3Y Avg11.5%9.6%3.2%1.2%4.3%4.3%
QoQ Delta Op Mgn LTM-0.1%-1.5%-0.8%-0.5%-2.9%-0.8%
CFO/Rev LTM12.9%28.3%2.6%6.3%2.1%6.3%
CFO/Rev 3Y Avg14.0%22.0%7.0%5.5%6.1%7.0%
FCF/Rev LTM8.2%25.5%-3.6%3.4%-9.7%3.4%
FCF/Rev 3Y Avg9.4%15.5%0.7%2.1%-4.9%2.1%

Valuation

HWKNMEOHDOWHUNTROXMedian
NameHawkins Methanex Dow Huntsman Tronox  
Mkt Cap3.25.029.32.21.43.2
P/S3.01.40.70.40.50.7
P/EBIT25.511.9-17.8-18.1-5.1-5.1
P/E38.363.2-11.2-6.6-3.1-3.1
P/CFO23.05.028.46.024.123.0
Total Yield3.0%2.6%-3.9%-7.0%-29.2%-3.9%
Dividend Yield0.4%1.1%5.1%8.0%3.3%3.3%
FCF Yield 3Y Avg4.5%17.8%-0.7%5.4%-16.8%4.5%
D/E0.10.70.71.12.30.7
Net D/E0.10.60.50.92.20.6

Returns

HWKNMEOHDOWHUNTROXMedian
NameHawkins Methanex Dow Huntsman Tronox  
1M Rtn2.0%29.5%32.8%0.8%21.9%21.9%
3M Rtn3.7%62.9%77.3%26.5%114.1%62.9%
6M Rtn-13.8%65.4%82.6%43.1%130.8%65.4%
12M Rtn44.1%88.1%26.8%-15.0%33.8%33.8%
3Y Rtn258.5%50.3%-9.7%-44.6%-25.9%-9.7%
1M Excs Rtn9.6%42.9%46.0%14.3%35.2%35.2%
3M Excs Rtn12.0%71.2%87.2%36.9%121.3%71.2%
6M Excs Rtn-7.5%75.4%92.4%48.2%142.6%75.4%
12M Excs Rtn31.9%73.2%11.0%-28.0%24.9%24.9%
3Y Excs Rtn220.4%-10.8%-66.9%-108.2%-83.5%-66.9%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Industrial Solutions409471387273275
Water Treatment363305228170160
Food & Health Sciences146159159154105
Total919935775597540


Operating Income by Segment
$ Mil20252024202320222021
Water Treatment5331232222
Industrial Solutions3942311615
Food & Health Sciences121417175
Total10488715642


Price Behavior

Price Behavior
Market Price$152.12 
Market Cap ($ Bil)3.2 
First Trading Date10/27/1993 
Distance from 52W High-17.3% 
   50 Days200 Days
DMA Price$145.05$152.37
DMA Trendupindeterminate
Distance from DMA4.9%-0.2%
 3M1YR
Volatility45.2%38.2%
Downside Capture0.830.59
Upside Capture212.49107.75
Correlation (SPY)42.3%41.4%
HWKN Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.211.181.051.160.790.95
Up Beta1.741.541.411.971.011.06
Down Beta0.460.170.330.820.380.75
Up Capture124%173%185%80%99%145%
Bmk +ve Days9203170142431
Stock +ve Days12223564131393
Down Capture139%147%88%130%82%94%
Bmk -ve Days12213054109320
Stock -ve Days9192660120357

[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 HWKN
HWKN43.6%38.0%1.03-
Sector ETF (XLB)14.6%20.9%0.5551.0%
Equity (SPY)14.5%18.9%0.5941.3%
Gold (GLD)50.2%27.7%1.4621.1%
Commodities (DBC)17.8%17.6%0.8519.5%
Real Estate (VNQ)0.4%16.4%-0.1531.8%
Bitcoin (BTCUSD)-23.7%44.2%-0.4929.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HWKN
HWKN36.1%36.6%0.93-
Sector ETF (XLB)6.7%18.9%0.2544.6%
Equity (SPY)11.8%17.0%0.5439.6%
Gold (GLD)20.7%17.7%0.9610.3%
Commodities (DBC)11.6%18.9%0.5013.1%
Real Estate (VNQ)3.0%18.8%0.0735.2%
Bitcoin (BTCUSD)4.0%56.6%0.2921.7%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HWKN
HWKN25.8%37.5%0.73-
Sector ETF (XLB)10.1%20.6%0.4450.2%
Equity (SPY)14.0%17.9%0.6745.8%
Gold (GLD)13.3%15.8%0.705.1%
Commodities (DBC)8.2%17.6%0.3917.7%
Real Estate (VNQ)4.7%20.7%0.1939.2%
Bitcoin (BTCUSD)66.4%66.8%1.0616.1%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity1.2 Mil
Short Interest: % Change Since 2282026-3.8%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest8.6 days
Basic Shares Quantity20.7 Mil
Short % of Basic Shares6.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/28/20217.0%10.1%25.0%
10/21/20201.7%-11.6%0.8%
5/20/20204.0%13.8%6.1%
SUMMARY STATS   
# Positive323
# Negative010
Median Positive4.0%12.0%6.1%
Median Negative -11.6% 
Max Positive7.0%13.8%25.0%
Max Negative -11.6% 

SEC Filings

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Report DateFiling DateFiling
12/31/202501/28/202610-Q
09/30/202510/29/202510-Q
06/30/202507/30/202510-Q
03/31/202505/14/202510-K
12/31/202401/29/202510-Q
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/15/202410-K
12/31/202301/31/202410-Q
09/30/202311/01/202310-Q
06/30/202308/02/202310-Q
03/31/202305/17/202310-K
12/31/202202/01/202310-Q
09/30/202211/02/202210-Q
06/30/202208/04/202210-Q
03/31/202205/18/202210-K

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Grahek, Drew MVICE PRESIDENT OF OPERATIONSDirectBuy11052025126.341,587200,5065,008,202Form
2Faulconbridge, James ADirectBuy2062026129.291,500193,9356,581,766Form
3Faulconbridge, James ADirectBuy2062026129.951,500194,9256,810,290Form