Whirlpool (WHR)


Market Price (10/2/2026): $30.5 | Market Cap: $2.0 BilSector: Consumer Discretionary | Industry: Household Appliances

Whirlpool (WHR)


Market Price (10/2/2026): $30.5
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Household Appliances

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

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37%

Low stock price volatility
Vol 12M is 49%

Megatrend and thematic drivers
Megatrends include Sustainable Consumption, Electrification of Everything, and Smart Buildings & Proptech. Themes include Eco-friendly Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -102%, 3Y Excs Rtn is -152%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 344%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.8%, Rev Chg QQuarterly Revenue Change % is -6.8%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.2%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 24%

Key risks
WHR key risks include [1] an unfair competitive environment created by rivals reportedly engaging in tariff evasion tactics.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 8.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37%
2 Low stock price volatility
Vol 12M is 49%
3 Megatrend and thematic drivers
Megatrends include Sustainable Consumption, Electrification of Everything, and Smart Buildings & Proptech. Themes include Eco-friendly Products, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -102%, 3Y Excs Rtn is -152%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 344%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.8%, Rev Chg QQuarterly Revenue Change % is -6.8%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.2%
8 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 24%
9 Key risks
WHR key risks include [1] an unfair competitive environment created by rivals reportedly engaging in tariff evasion tactics.

WHR in ETFs

Weight = WHR's share of each fund

VTI0.00%
ITOT0.00%
IWB0.00%
IJH0.06%
VB0.03%
NUSC0.15%
IJJ0.13%
MDYV0.13%
+12 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 10/1/2026

Whirlpool (WHR) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Whirlpool Corporation (WHR) reported a significant miss on its fiscal Q2 2026 earnings, announced on August 3, 2026, which negatively impacted investor confidence. The company posted an adjusted loss of $0.21 per share, substantially missing analysts' consensus estimates that ranged from a loss of $0.06 to a gain of $0.20 per share, marking a miss of over 205% compared to some estimates. Additionally, quarterly revenue for fiscal Q2 2026 fell 6.8% year-over-year to $3.52 billion, falling short of analysts' expectations of $3.55 billion.

2. Persistent weak consumer demand for major appliances and a stagnant housing market severely pressured Whirlpool's revenue outlook. The consumer durables sector, heavily tied to home purchases and renovations, experienced a "frozen real estate market" with existing home sales stagnating, directly impacting appliance replacement cycles due to high interest rates trapping homeowners in current mortgages. Goldman Sachs noted a 15% collapse in discretionary appliance purchases, projecting a further 4% decline in North American shipments for the full year.

Show more
Updated on 10/1/2026

Whirlpool (WHR) stock has lost about 25% since 6/30/2026 because of the following key factors:

1. Whirlpool Corporation (WHR) reported a significant miss on its fiscal Q2 2026 earnings, announced on August 3, 2026, which negatively impacted investor confidence. The company posted an adjusted loss of $0.21 per share, substantially missing analysts' consensus estimates that ranged from a loss of $0.06 to a gain of $0.20 per share, marking a miss of over 205% compared to some estimates. Additionally, quarterly revenue for fiscal Q2 2026 fell 6.8% year-over-year to $3.52 billion, falling short of analysts' expectations of $3.55 billion.

2. Persistent weak consumer demand for major appliances and a stagnant housing market severely pressured Whirlpool's revenue outlook. The consumer durables sector, heavily tied to home purchases and renovations, experienced a "frozen real estate market" with existing home sales stagnating, directly impacting appliance replacement cycles due to high interest rates trapping homeowners in current mortgages. Goldman Sachs noted a 15% collapse in discretionary appliance purchases, projecting a further 4% decline in North American shipments for the full year.

3. A series of analyst downgrades and reduced price targets reflected a diminishing outlook for Whirlpool. Over the specified period, several firms lowered their expectations; for instance, Bank of America decreased its price target from $38.00 to $31.00 and reiterated an "underperform" rating on September 11, 2026. Stifel Nicolaus also reduced its price objective from $45.00 to $37.00 on July 23, 2026. The consensus analyst rating for WHR stock moved to "Reduce" with an average price target of $45.44 by late September.

4. The company's elevated debt load and the May 2026 dividend suspension raised concerns about financial health and flexibility. S&P Global downgraded Whirlpool's corporate credit rating to BB, anticipating adjusted leverage would remain high near 4.9x through the end of 2026. This significant debt, coupled with a half-billion-dollar inventory glut, was cited as restricting free cash flow and operational flexibility. Although Whirlpool secured a new $2 billion asset-based credit facility and issued $2 billion in secured notes in June 2026 to address debt maturities, the underlying high leverage remained a concern for investors.

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Stock Movement Drivers

Fundamental Drivers

The -22.7% change in WHR stock from 6/30/2026 to 10/1/2026 was primarily driven by a -26.0% change in the company's P/E Multiple.
(LTM values as of)630202610012026Change
Stock Price ($)39.4230.48-22.7%
Change Contribution By: 
Total Revenues ($ Mil)15,17714,921-1.7%
Net Income Margin (%)1.1%1.3%16.0%
P/E Multiple14.310.6-26.0%
Shares Outstanding (Mil)6065-8.3%
Cumulative Contribution-22.7%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/1/2026
ReturnCorrelation
WHR-22.7% 
Market (SPY)2.3%44.3%
Sector (XLY)-7.2%38.3%

Fundamental Drivers

The -43.5% change in WHR stock from 3/31/2026 to 10/1/2026 was primarily driven by a -38.6% change in the company's Net Income Margin (%).
(LTM values as of)331202610012026Change
Stock Price ($)53.9230.48-43.5%
Change Contribution By: 
Total Revenues ($ Mil)15,52514,921-3.9%
Net Income Margin (%)2.0%1.3%-38.6%
P/E Multiple9.610.610.6%
Shares Outstanding (Mil)5665-13.4%
Cumulative Contribution-43.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/1/2026
ReturnCorrelation
WHR-43.5% 
Market (SPY)17.8%34.1%
Sector (XLY)0.0%39.5%

Fundamental Drivers

The -60.2% change in WHR stock from 9/30/2025 to 10/1/2026 was primarily driven by a -51.9% change in the company's P/S Multiple.
(LTM values as of)930202510012026Change
Stock Price ($)76.5830.48-60.2%
Change Contribution By: 
Total Revenues ($ Mil)15,52314,921-3.9%
P/S Multiple0.30.1-51.9%
Shares Outstanding (Mil)5665-14.0%
Cumulative Contribution-60.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/1/2026
ReturnCorrelation
WHR-60.2% 
Market (SPY)15.6%32.4%
Sector (XLY)-8.6%39.1%

Fundamental Drivers

The -73.3% change in WHR stock from 9/30/2023 to 10/1/2026 was primarily driven by a -59.6% change in the company's P/S Multiple.
(LTM values as of)930202310012026Change
Stock Price ($)114.2830.48-73.3%
Change Contribution By: 
Total Revenues ($ Mil)19,14814,921-22.1%
P/S Multiple0.30.1-59.6%
Shares Outstanding (Mil)5565-15.4%
Cumulative Contribution-73.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/1/2026
ReturnCorrelation
WHR-73.3% 
Market (SPY)84.9%36.8%
Sector (XLY)38.3%43.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WHR Return33%-37%-9%1%-33%-57%-78%
Peers Return34%-36%28%13%-21%6%4%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
WHR Win Rate83%42%42%50%33%33% 
Peers Win Rate67%35%58%54%48%42% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
WHR Max Drawdown-21%-44%-35%-29%-48%-67% 
Peers Max Drawdown-19%-50%-29%-22%-39%-32% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AOS, PNR, NWL, SPB. See WHR Returns vs. Peers.
[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 10/1/2026 (YTD)

How Low Can It Go

EventWHRS&P 500
2025 US Tariff Shock
  % Loss-27.3%-18.8%
  % Gain to Breakeven37.6%23.1%
  Time to Breakeven61 days79 days
2024 Yen Carry Trade Unwind
  % Loss-12.3%-7.8%
  % Gain to Breakeven14.0%8.5%
  Time to Breakeven19 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-29.3%-9.5%
  % Gain to Breakeven41.5%10.5%
  Time to Breakeven458 days24 days
2023 SVB Regional Banking Crisis
  % Loss-13.5%-6.7%
  % Gain to Breakeven15.6%7.1%
  Time to Breakeven76 days31 days
2020 COVID-19 Crash
  % Loss-56.0%-33.7%
  % Gain to Breakeven127.2%50.9%
  Time to Breakeven115 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-10.2%-19.2%
  % Gain to Breakeven11.3%23.8%
  Time to Breakeven14 days105 days

Compare to AOS, PNR, NWL, SPB

In The Past

Whirlpool's stock fell -27.3% during the 2025 US Tariff Shock. Such a loss loss requires a 37.6% 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.

EventWHRS&P 500
2025 US Tariff Shock
  % Loss-27.3%-18.8%
  % Gain to Breakeven37.6%23.1%
  Time to Breakeven61 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-29.3%-9.5%
  % Gain to Breakeven41.5%10.5%
  Time to Breakeven458 days24 days
2020 COVID-19 Crash
  % Loss-56.0%-33.7%
  % Gain to Breakeven127.2%50.9%
  Time to Breakeven115 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-27.9%-12.2%
  % Gain to Breakeven38.8%13.9%
  Time to Breakeven58 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-33.2%-17.9%
  % Gain to Breakeven49.7%21.8%
  Time to Breakeven144 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-25.6%-15.4%
  % Gain to Breakeven34.4%18.2%
  Time to Breakeven887 days125 days
2008-2009 Global Financial Crisis
  % Loss-75.7%-53.4%
  % Gain to Breakeven310.9%114.4%
  Time to Breakeven268 days1085 days

Compare to AOS, PNR, NWL, SPB

In The Past

Whirlpool's stock fell -27.3% during the 2025 US Tariff Shock. Such a loss loss requires a 37.6% 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 Whirlpool (WHR)

Whirlpool Corporation (WHR) is a global manufacturer and marketer of home appliances and related products. Its extensive product range includes essential kitchen appliances such as refrigerators, freezers, ice makers, and dishwashers, alongside laundry appliances, cooking appliances, and various small domestic appliances and mixers. The company also provides related accessories like refrigerator water filters.

Whirlpool sells its products under a broad portfolio of well-recognized brands, including Whirlpool, Maytag, KitchenAid, JennAir, Amana, Hotpoint, Indesit, and Brastemp, among many others. The company serves a diverse customer base, distributing its appliances to retailers, distributors, dealers, builders, and other manufacturers, as well as directly to consumers across its key operating segments in North America, Europe, Middle East & Africa, Latin America, and Asia.

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Here are 1-3 brief analogies for Whirlpool (WHR):

  • The Procter & Gamble (P&G) of home appliances.
  • The General Motors (GM) or Ford of kitchen and laundry appliances.

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  • Refrigeration Appliances: Whirlpool produces a range of appliances for food preservation, including refrigerators, freezers, ice makers, and water filters.
  • Laundry Appliances: The company manufactures machines and accessories for clothes washing and drying, such as washers, dryers, and related laundry accessories.
  • Cooking Appliances: Whirlpool offers various appliances designed for food preparation, encompassing ovens, ranges, cooktops, and other related small domestic appliances.
  • Dishwashing Appliances: This category includes dishwashers and their associated accessories for automated dish cleaning.
  • Small Domestic Appliances: The company also provides various smaller household appliances, such as mixers.

AI Analysis | Feedback

Whirlpool Corporation (WHR) primarily sells its products to other companies, including large retailers, distributors, dealers, and builders, who then sell to end consumers. Its major customers, therefore, are these businesses. Based on its business model and the nature of the home appliance market, the following are likely major customers:

  • The Home Depot, Inc. (symbol: HD)

  • Lowe's Companies, Inc. (symbol: LOW)

  • Best Buy Co., Inc. (symbol: BBY)

  • Major home builders and developers, such as Lennar Corporation (symbol: LEN) and PulteGroup, Inc. (symbol: PHM), who purchase appliances for new residential constructions.

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Marc Bitzer, Chairman of the Board and Chief Executive Officer

Marc Bitzer was named Chief Executive Officer of Whirlpool Corporation in October 2017 and was elected Chairman of the Board in January 2019. He joined Whirlpool Europe in 1999 as Vice President of the Bauknecht brand group. Bitzer advanced through various leadership roles, including Senior Vice President of Marketing, Sales and Services for Whirlpool Europe, President of Whirlpool Europe, President of Whirlpool North America, and Vice Chairman overseeing North America, Europe, Middle East, and Africa (EMEA) operations. Prior to joining Whirlpool, he spent eight years at the Boston Consulting Group, where he advanced to Vice President by 1999. Bitzer earned both his MBA and a doctorate from the St. Gallen Graduate School of Business, Economics and Law in Switzerland. He also serves on the Supervisory Board of BMW AG, appointed in May 2021.

Roxanne Warner, Executive Vice President and Chief Financial Officer

Roxanne Warner was promoted to Executive Vice President and Chief Financial Officer, effective January 1, 2026. She previously served as Executive Vice President of finance and controller. Warner has been with Whirlpool Corporation since 2008.

Juan Carlos Puente, Executive President, Whirlpool North America and Global Strategic Sourcing

Juan Carlos Puente was elected to the newly created position of Executive President, Whirlpool North America and Global Strategic Sourcing, effective January 1, 2026. Prior to this role, he was Executive Vice President and President of Whirlpool Latin America. Puente joined Whirlpool in 1997 and has held leadership roles across North America, Latin America, and Europe.

Ludovic Beaufils, Executive President, KitchenAid Small Appliances, Whirlpool Latin America, Global Information Technology, and Design

Ludovic Beaufils was named Executive President, KitchenAid Small Appliances, Whirlpool Latin America, Global Information Technology, and Design, effective January 1, 2026. Previously, he was Executive Vice President and President of KitchenAid Small Appliances. Beaufils joined Whirlpool in 2006 and has served in multiple senior roles in North America and Europe.

Kyle De Jong, Executive Vice President, Chief Legal Officer

Kyle De Jong serves as the Executive Vice President and Chief Legal Officer for Whirlpool Corporation.

AI Analysis | Feedback

The key risks to Whirlpool's business include its substantial debt load, intense competition, and the cyclical nature of the housing market and consumer spending.

Key Risks to Whirlpool Corporation (WHR)

  1. High Leverage and Weak Financial Health: Whirlpool carries a significant debt load, with its total debt standing at approximately $8.28 billion as of the third quarter of 2025. The company's debt-to-equity ratio is high at about 3.48, significantly exceeding the market norm. This high leverage has led to credit downgrades from Moody's, S&P, and Fitch, raising financing costs and indicating elevated balance sheet risk. The company's liquidity position is precarious, with a current ratio of 0.86, suggesting potential challenges in meeting short-term obligations. Furthermore, Whirlpool has reported net losses and negative free cash flow in recent periods, and its cash flow engine appears to be "sputtering".
  2. Intense Competition and Margin Compression: The home appliance industry is characterized by intense competition, with other major appliance manufacturers actively trying to gain market share. Asian competitors, in particular, have strategically increased imports ahead of tariff implementations, leading to market saturation, increased promotional activity, and eroded margins for Whirlpool. This competitive landscape threatens Whirlpool's market share and profitability, contributing to thin net profit margins.
  3. Cyclicality of the Housing Market and Consumer Spending: Whirlpool's business is highly susceptible to cyclical trends in the economy, particularly weak consumer sentiment and a slowdown in existing home sales and real estate growth. A decline in housing activity and appliance demand directly impacts the company's sales and financial performance. The company's revenue growth has been slow, and in 2025, it faced significant strategic capital movements and revised free cash flow guidance due to a tough consumer environment and soft housing demand.

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Here are the addressable market sizes for Whirlpool's main products and services:

  • Refrigerators: The global refrigerator market was estimated at USD 123 billion in 2024 and is projected to reach USD 285 billion by 2034, growing at a CAGR of 9% from 2025 to 2034. In 2025, the North America market holds 26.70% of the global market share, and Europe holds 21.10%. The Asia Pacific refrigerator market was valued at USD 61.4 billion in 2023 and is anticipated to grow at a 9.4% CAGR from 2024 to 2032.
  • Freezers (often combined with Refrigerators): The global household refrigerators and freezers market size was valued at USD 88.74 billion in 2022 and is projected to reach USD 124.80 billion by 2030.
  • Ice Makers: The global ice maker market size was valued at USD 4.17 billion in 2024 and is projected to grow to USD 5.99 billion by 2033. North America stands out as the dominant region, and Asia Pacific is the fastest-growing region. In 2025, the global ice maker market size was valued at USD 5.5 billion, with North America holding over 37.8% market share. Asia-Pacific captures 30% of the global market share, and Europe holds 26%.
  • Laundry Appliances (including Washing Machines and Dryers): The global laundry appliances market size reached USD 62.5 billion in 2023 and is projected to reach USD 125.98 billion by 2032. The global home laundry appliances market size is projected to grow from USD 23.45 billion in 2023 to USD 35.22 billion by 2033. North America is the largest market for laundry appliances, holding approximately 35% of the global market share, while Asia-Pacific is witnessing rapid growth, holding approximately 25% of the global market share.
    • Washing Machines: The global washing machine market size was valued at USD 73.66 billion in 2024 and is expected to reach USD 143.58 billion by 2032. Another estimate places the global washing machine market size at USD 58.8 billion in 2025, expected to reach USD 81.7 billion by 2034. Asia Pacific dominated the global washing machine market with a share of 45.25% in 2022.
    • Dryers / Tumble Dryers: The global tumble dryer market was estimated at USD 21.1 billion in 2024 and is expected to grow to USD 37.1 billion in 2034. The global laundry dryer market size was valued at USD 12.62 billion in 2025 and is expected to grow to USD 18.82 billion by 2034. North America dominated the laundry dryer market with a market share of 39.38% in 2025.
  • Cooking Appliances and Other Small Domestic Appliances: The global household cooking appliance market size was valued at USD 238.16 billion in 2022 and is projected to reach USD 380.55 billion by 2030. Another source states the global household cooking appliance market size is valued at USD 285.89 billion in 2025 and is predicted to increase to approximately USD 495.45 billion by 2034. Asia Pacific dominated the global household cooking appliance market, contributing the largest market share of 38.64% in 2024. The global kitchen appliances market was valued at USD 200 billion in 2022 and is expected to reach USD 296.04 billion by 2032. North America emerged as the most significant global kitchen appliances market, with a 39% market revenue share in 2022.
  • Dishwashers: The global dishwasher market size was estimated at USD 9,234.7 million in 2023 and is projected to reach USD 14,907.3 million by 2030. The global household dishwasher market size was valued at USD 11.28 billion in 2024 and is projected to grow to USD 15.38 billion by 2034. The North America dishwasher market held the largest market revenue share of 32.9% in 2023. Asia Pacific is anticipated to hold the largest share of the global dishwasher market.

AI Analysis | Feedback

Whirlpool Corporation (WHR) is anticipated to drive future revenue growth over the next two to three years through several key strategies:

  1. New Product Launches and Innovation: Whirlpool expects to generate revenue growth from its continuous stream of new product introductions and ongoing product innovation. The company's management has expressed confidence in this area, with plans to launch approximately 100 new products in 2026. This focus on refreshing its portfolio has already led to significant share gains and is expected to contribute to positive price/mix impacts.
  2. Recovery in the U.S. Housing Market: A projected recovery in the U.S. housing market and an increase in discretionary consumer demand are considered significant tailwinds for Whirlpool's revenue. The company is strategically positioning itself to benefit from an eventual upturn in housing, which typically drives demand for major home appliances.
  3. Market Share Gains and Strength in Key Segments: Whirlpool anticipates revenue growth through continued market share gains, particularly in its North America, Latin America, and Small Domestic Appliances (SDA) Global segments. The Latin America business has shown strong net sales growth driven by share gains and an improving industry, while the SDA Global segment has delivered robust growth, partly due to successful new product launches and its direct-to-consumer business.
  4. Strategic Pricing Actions and Reduced Promotional Intensity: The company expects revenue to benefit from strategic pricing actions and a more normalized promotional environment. Whirlpool has announced promotional program price increases, aligning with the value of its brands, and has observed early signs of industry pricing normalization, where higher prices are being maintained.

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Share Repurchases

  • In April 2021, Whirlpool Corporation authorized an additional $2 billion share repurchase program, supplementing the $531 million remaining from a previous program.
  • An additional $2 billion in share repurchases was authorized in February 2022, with approximately $1.5 billion still available under the program as of December 31, 2021.
  • The company bought back approximately $50 million worth of stock in 2024.

Share Issuance

  • In February 2026, Whirlpool issued $1 billion of new common and preferred stock, including approximately 6.88 million common shares at $69.00 each and 10.5 million depositary shares at $50.00 each (representing 1/20th interest in 8.50% Series A Mandatory Convertible Preferred Stock).
  • Net proceeds from these offerings totaled about $454.9 million from common stock and $508.1 million from depositary shares.
  • The proceeds from the equity offerings are intended to be primarily used for debt reduction and general corporate purposes.

Outbound Investments

  • Whirlpool acquired InSinkErator for $3.0 billion in November 2022.
  • In April 2024, the company sold its European operations, incurring a loss of $1.9 billion.
  • In 2025, Whirlpool reduced its ownership stake in Whirlpool of India to approximately 40%, utilizing the proceeds to reduce debt.

Capital Expenditures

  • Capital expenditures were $530 million in 2021, $570 million in 2022, and $550 million in 2023.
  • The company made a $300 million investment in U.S. laundry manufacturing in 2025.
  • Whirlpool anticipates investing approximately $400 million annually in capital expenditures, focusing on vertical integration and automation, with expected free cash flow of $400-$500 million in 2026.

Better Bets vs. Whirlpool (WHR)

Peer Outperformance in Household Appliances

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Share of Household Appliances constituents that WHR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
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insufficient peer history
3Y
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insufficient peer history
5Y
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insufficient peer history
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Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Household Appliances is WHR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 8 -17.9%94.3%109.4% CVSA 229% · PRDO 214% · UTI 173%
Apparel Retail 10 8.5%109.3%69.9% ANF 252% · URBN 159% · ROST 123%
Homebuilding 15 -12.7%33.2%43.9% GRBK 219% · PHM 164% · TOL 160%
Automotive Retail 13 -17.7%12.4%34.0% MUSA 211% · PAG 125% · ORLY 111%
Broadline Retail 6 17.5%52.3%33.7% EBAY 65% · AMZN 51% · OLLI 47%
Automobile Manufacturers 4 -6.9%30.5%27.5% GM 56% · TSLA 37% · F 18%
Specialty Stores 7 -1.4%40.3%22.9% SIG 37% · FIVE 27% · ASO 24%
Footwear 4 7.3%44.7%5.3% DECK 31% · SHOO 26% · CROX -16%
Hotels, Resorts & Cruise Lines 17 7.0%32.6%-1.9% RCL 202% · MAR 137% · HLT 132%
Home Improvement Retail 3 -26.8%-5.9%-2.8% LOW -1% · HD -3% · FND -61%
Casinos & Gaming 10 -19.5%-14.3%-2.9% MCRI 86% · RRR 15% · RSI 5%
Restaurants 16 -11.8%12.3%-8.2% EAT 272% · CAKE 146% · TXRH 80%
Specialized Consumer Services 7 -19.6%13.1%-10.7% HRB 96% · FTDR 79% · SCI 37%
Other Specialty Retail 5 -39.8%-12.7%-13.6% WINA 60% · ULTA 46% · TSCO -14%
Automotive Parts & Equipment 15 -7.6%-21.0%-13.7% BWA 68% · ALV 52% · DAN 33%
Home Furnishings 4 -6.8%25.4%-14.5% SGI 42% · LZB 1% · MHK -30%
Distributors 4 -14.9%-26.9%-15.1% ARMK 123% · GPC 19% · LKQ -49%
Leisure Products 8 -4.5%-11.6%-32.9% GOLF 85% · HAS 24% · MAT -20%
Apparel, Accessories & Luxury Goods 12 -1.3%-2.9%-42.3% TPR 256% · RL 248% · KTB 48%
Computer & Electronics Retail 3 -12.9%46.9%-45.5% BBY 5% · GME -45% · UPBD -63%
Leisure Facilities 3 -41.3%48.0%-47.0% OSW 124% · PRKS -47% · PLNT -50%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

WHRAOSPNRNWLSPBMedian
NameWhirlpoolA.O. Smi.Pentair Newell B.Spectrum. 
Mkt Price30.5056.9952.895.30-41.70
Mkt Cap2.07.88.52.3-5.0
Rev LTM14,9213,8054,0127,246-5,629
Op Inc LTM442691862596-644
FCF LTM-329639673118-379
FCF 3Y Avg51538715159-349
CFO LTM225692752331-512
CFO 3Y Avg548621789403-584

Growth & Margins

WHRAOSPNRNWLSPBMedian
NameWhirlpoolA.O. Smi.Pentair Newell B.Spectrum. 
Rev Chg LTM-3.9%0.4%-2.1%-2.0%--2.1%
Rev Chg 3Y Avg-7.8%0.7%-1.3%-5.3%--3.3%
Rev Chg Q-6.8%-0.7%-17.0%3.0%--3.7%
QoQ Delta Rev Chg LTM-1.7%-0.2%-4.5%0.8%--0.9%
Op Inc Chg LTM-50.2%-2.0%0.7%27.9%--0.7%
Op Inc Chg 3Y Avg-17.8%-1.2%10.0%14.3%-4.4%
Op Mgn LTM3.0%18.2%21.5%8.2%-13.2%
Op Mgn 3Y Avg4.6%18.8%20.2%6.6%-12.7%
QoQ Delta Op Mgn LTM-0.9%-0.4%-0.2%1.5%--0.3%
CFO/Rev LTM1.5%18.2%18.7%4.6%-11.4%
CFO/Rev 3Y Avg3.3%16.2%19.4%5.3%-10.7%
FCF/Rev LTM-2.2%16.8%16.8%1.6%-9.2%
FCF/Rev 3Y Avg0.2%14.0%17.6%2.1%-8.0%

Valuation

WHRAOSPNRNWLSPBMedian
NameWhirlpoolA.O. Smi.Pentair Newell B.Spectrum. 
Mkt Cap2.07.88.52.3-5.0
P/S0.12.12.10.3-1.2
P/Op Inc4.511.39.93.8-7.2
P/EBIT3.211.710.514.6-11.1
P/E10.615.613.1-10.2-11.8
P/CFO8.811.311.36.8-10.1
Total Yield18.2%9.0%9.7%-4.2%-9.3%
Dividend Yield8.8%2.5%2.0%5.6%-4.1%
FCF Yield 3Y Avg-1.4%5.6%5.1%5.8%-5.4%
D/E4.10.10.22.5-1.3
Net D/E3.40.10.22.4-1.3

Returns

WHRAOSPNRNWLSPBMedian
NameWhirlpoolA.O. Smi.Pentair Newell B.Spectrum. 
1M Rtn-19.6%-2.6%-12.5%-10.7%--11.6%
3M Rtn-19.9%-8.6%-30.8%-8.0%--14.3%
6M Rtn-45.0%-10.4%-37.9%61.5%--24.2%
12M Rtn-60.4%-20.3%-51.5%8.6%--35.9%
3Y Rtn-73.0%-8.6%-13.8%-29.0%--21.4%
1M Excs Rtn-20.1%-3.0%-13.0%-11.1%--12.1%
3M Excs Rtn-22.4%-11.0%-33.2%-10.4%--16.7%
6M Excs Rtn-60.4%-28.1%-55.2%38.5%--41.6%
12M Excs Rtn-74.8%-35.3%-66.3%-6.4%--50.8%
3Y Excs Rtn-152.0%-87.6%-93.8%-107.9%--100.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Major Domestic Appliances (MDA) North America10,26710,35310,97111,023 
Major Domestic Appliances (MDA) Latin America4,5774,7224,8824,573 
Small Domestic Appliances (SDA) Global1,1091,0269701,073 
Other1,0251,0991,012 470
Major Domestic Appliances (MDA) Europe08273,4843,864 
Eliminations-1,455-1,420-1,864-1,882 
Major Domestic Appliances (MDA) Asia   1,073 
Cooking    5,639
Dishwashing    1,890
Laundry    6,122
Refrigeration    6,677
Spare parts and warranties    1,187
Total15,52316,60719,45519,72421,985


Operating Income by Segment
$ Mil20252024202320222015
Major Domestic Appliances (MDA) North America4996651,0081,179 
Major Domestic Appliances (MDA) Latin America201245187184 
Small Domestic Appliances (SDA) Global177145139193 
Equity method investment income (loss), net of tax341072819 
Eliminations000-2,557 
Major Domestic Appliances (MDA) Europe0-925-92 
Interest and sundry (income) expense-20-2771-19 
Other-53-983-443  
Major Domestic Appliances (MDA) Asia   37 
Asia    80
Europe, Middle East and Africa    188
Latin America    184
North America    1,252
Other/Eliminations    -419
Total8381431,015-1,0561,285


Assets by Segment
$ Mil20252024202320222015
Major Domestic Appliances (MDA) North America9,9949,69310,21610,130 
Other8,4749,01317,165  
Major Domestic Appliances (MDA) Latin America3,9623,8134,0373,522 
Small Domestic Appliances (SDA) Global1,2481,0871,1341,102 
Major Domestic Appliances (MDA) Europe006852,553 
Eliminations-7,677-7,305-15,925-1,219 
Major Domestic Appliances (MDA) Asia   1,036 
Asia    2,738
Europe, Middle East and Africa    7,351
Latin America    2,260
North America    7,683
Other/Eliminations    -1,022
Total16,00116,30117,31217,12419,010


Price Behavior

Price Behavior
Market Price$30.48 
Market Cap ($ Bil)2.0 
First Trading Date06/10/1983 
Distance from 52W High-66.7% 
   50 Days200 Days
DMA Price$37.71$53.36
DMA Trenddowndown
Distance from DMA-19.2%-42.9%
 3M1YR
Volatility51.6%49.4%
Downside Capture304.76171.03
Upside Capture144.1034.28
Correlation (SPY)44.5%32.1%
WHR Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta1.742.852.111.421.231.09
Up Beta2.324.952.171.381.531.02
Down Beta5.442.551.681.231.570.86
Up Capture-8%143%156%55%27%63%
Bmk +ve Days6162766132424
Stock +ve Days7162554113350
Down Capture404%328%272%217%138%110%
Bmk -ve Days16263760120328
Stock -ve Days15253871138400

[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 WHR
WHR-60.3%49.3%-1.71-
Sector ETF (XLY)-8.7%19.4%-0.5939.1%
Equity (SPY)15.7%13.0%0.8532.4%
Gold (GLD)7.7%29.6%0.259.3%
Commodities (DBC)43.7%20.8%1.64-27.4%
Real Estate (VNQ)1.2%13.6%-0.1623.8%
Bitcoin (BTCUSD)-27.0%44.5%-0.587.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WHR
WHR-28.6%41.1%-0.70-
Sector ETF (XLY)4.2%24.1%0.1347.9%
Equity (SPY)13.0%17.2%0.5745.4%
Gold (GLD)18.6%18.9%0.806.2%
Commodities (DBC)10.3%19.6%0.40-0.8%
Real Estate (VNQ)0.4%18.9%-0.0843.3%
Bitcoin (BTCUSD)13.2%52.3%0.4318.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WHR
WHR-12.0%39.6%-0.20-
Sector ETF (XLY)11.7%22.2%0.4852.9%
Equity (SPY)15.3%17.9%0.7253.3%
Gold (GLD)11.6%16.4%0.586.9%
Commodities (DBC)8.2%18.1%0.3711.1%
Real Estate (VNQ)4.4%20.7%0.1748.3%
Bitcoin (BTCUSD)63.9%66.2%1.0411.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity15.5 Mil
Short Interest: % Change Since 83120263.1%
Average Daily Volume3.1 Mil
Days-to-Cover Short Interest5.0 days
Basic Shares Quantity65.0 Mil
Short % of Basic Shares23.9%

Earnings Returns History

Updated 9/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/202613.8%7.5%-3.2%
5/6/2026-11.9%-23.7%-27.9%
1/28/2026-4.8%8.4%-14.3%
10/27/20255.2%-3.8%6.7%
7/28/2025-13.4%-15.1%-3.0%
4/23/20251.6%-1.9%2.1%
1/29/2025-16.5%-20.8%-20.2%
10/23/202411.2%4.3%13.7%
...
SUMMARY STATS   
# Positive9118
# Negative151316
Median Positive2.9%3.3%4.4%
Median Negative-5.8%-8.1%-9.2%
Max Positive13.8%8.4%13.7%
Max Negative-16.5%-23.7%-27.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/202613.8%7.5%-3.2%
5/6/2026-11.9%-23.7%-27.9%
1/28/2026-4.8%8.4%-14.3%
10/27/20255.2%-3.8%6.7%
7/28/2025-13.4%-15.1%-3.0%
4/23/20251.6%-1.9%2.1%
1/29/2025-16.5%-20.8%-20.2%
10/23/202411.2%4.3%13.7%
7/24/20242.9%3.3%-0.7%
4/24/2024-10.1%-10.5%-16.7%
1/29/2024-6.6%-8.1%-8.6%
10/25/2023-15.8%-16.8%-11.7%
7/24/2023-3.0%-4.3%-9.8%
4/24/2023-5.8%-0.6%-4.4%
1/30/20231.3%-2.3%-11.1%
10/20/2022-0.1%2.8%13.6%
7/25/20222.3%6.6%0.3%
4/25/20224.6%3.6%-5.2%
1/26/2022-3.8%1.7%-0.6%
10/21/20212.7%1.1%11.0%
7/21/2021-1.2%1.2%1.0%
4/21/2021-0.6%0.3%1.6%
1/27/2021-8.4%-10.0%-9.9%
10/21/2020-1.5%-4.3%-1.5%
SUMMARY STATS   
# Positive9118
# Negative151316
Median Positive2.9%3.3%4.4%
Median Negative-5.8%-8.1%-9.2%
Max Positive13.8%8.4%13.7%
Max Negative-16.5%-23.7%-27.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/07/202610-Q
12/31/202502/11/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/24/202510-Q
12/31/202402/13/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/25/202410-Q
12/31/202302/14/202410-K
09/30/202310/26/202310-Q
06/30/202307/25/202310-Q
03/31/202304/25/202310-Q
12/31/202202/10/202310-K
09/30/202210/21/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/07/202610-Q
12/31/202502/11/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/24/202510-Q
12/31/202402/13/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/25/202410-Q
12/31/202302/14/202410-K
09/30/202310/26/202310-Q
06/30/202307/25/202310-Q
03/31/202304/25/202310-Q
12/31/202202/10/202310-K
09/30/202210/21/202210-Q
06/30/202207/26/202210-Q
03/31/202204/26/202210-Q
12/31/202102/10/202210-K
09/30/202110/22/202110-Q
06/30/202107/22/202110-Q
03/31/202104/22/202110-Q
12/31/202002/11/202110-K
09/30/202010/22/202010-Q
06/30/202007/23/202010-Q
03/31/202005/01/202010-Q
12/31/201902/11/202010-K
09/30/201910/23/201910-Q

Recent Forward Guidance

Updated 10/1/2026

Latest: Q2 2026 Earnings Reported 8/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Cash provided by (used in) operating activitiesReported 700.00 Mil 0 AffirmedGuidance: 700.00 Mil for 2026
2026 GAAP net earnings marginReported 1.0%  -0.1%LoweredGuidance: 1.1% for 2026
2026 Ongoing EBIT marginReported 4.0%  0AffirmedGuidance: 4.0% for 2026
2026 GAAP earnings per diluted shareReported2.252.52.75-7.4% LoweredGuidance: 2.7 for 2026
2026 Ongoing earnings per diluted shareReported2.52.753-15.4% LoweredGuidance: 3.25 for 2026
2026 Net salesReported 15.00 Bil 0 AffirmedGuidance: 15.00 Bil for 2026
2026 GAAP tax rateReported 20.0%  -5.0%LoweredGuidance: 25.0% for 2026
2026 Adjusted (non-GAAP) tax rateReported 25.0%    
2026 Free cash flowReported 300.00 Mil 0 AffirmedGuidance: 300.00 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Cash provided by (used in) operating activitiesReported 700.00 Mil -17.6% LoweredGuidance: 850.00 Mil for 2026
2026 GAAP net earnings marginReported 1.1%  -1.2%LoweredGuidance: 2.3% for 2026
2026 Ongoing EBIT marginReported 4.0%  -1.6%LoweredGuidance: 5.65% for 2026
2026 GAAP earnings per diluted shareReported2.452.7 -56.8% LoweredGuidance: 6.25 for 2026
2026 Ongoing earnings per diluted shareReported33.25 -53.6% LoweredGuidance: 7 for 2026
2026 Net SalesReported 15.00 Bil -2.9% LoweredGuidance: 15.45 Bil for 2026
2026 Revenue GrowthReported 1.5%    
2026 Debt reductionReported 900.00 Mil 125.0% RaisedGuidance: 400.00 Mil for 2026
2026 GAAP tax rateReported 25.0%    
2026 Free Cash FlowReported 300.00 Mil -33.3% LoweredGuidance: 450.00 Mil for 2026

Q4 2025 Earnings Reported 1/28/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Cash provided by operating activitiesReported 850.00 Mil 41.7% Higher NewGuidance: 600.00 Mil for 2025
2026 GAAP net earnings marginReported 2.3%  -0.1%Lower NewGuidance: 2.4% for 2025
2026 Ongoing EBIT marginReported5.5%5.65%5.8% 0.6%Higher NewGuidance: 5.0% for 2025
2026 GAAP earnings per diluted shareReported 6.25 4.2% Higher NewGuidance: 6 for 2025
2026 Ongoing earnings per diluted shareReported 7 0.0% Same NewGuidance: 7 for 2025
2026 Net SalesReported15.30 Bil15.45 Bil15.60 Bil-2.2% Lower NewGuidance: 15.80 Bil for 2025
2026 Debt reductionReported 400.00 Mil    
2026 Free Cash FlowReported400.00 Mil450.00 Mil500.00 Mil125.0% Higher NewGuidance: 200.00 Mil for 2025

Q3 2025 Earnings Reported 10/27/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Cash provided by operating activitiesReported 600.00 Mil -29.4% LoweredGuidance: 850.00 Mil for 2025
2025 GAAP net earnings marginReported 2.4%  0.2%RaisedGuidance: 2.2% for 2025
2025 Ongoing EBIT marginReported 5.0%  -0.7%LoweredGuidance: 5.7% for 2025
2025 GAAP earnings per diluted shareReported 6 0 AffirmedGuidance: 6 for 2025
2025 Ongoing earnings per diluted shareReported 7 0 AffirmedGuidance: 7 for 2025
2025 Net salesReported 15.80 Bil 0 AffirmedGuidance: 15.80 Bil for 2025
2025 GAAP tax rateReported 8.8%  -13.7%LoweredGuidance: 22.5% for 2025
2025 Adjusted (non-GAAP) tax rateReported 8.0%  -14.5%LoweredGuidance: 22.5% for 2025
2025 Free cash flowReported 200.00 Mil -50.0% LoweredGuidance: 400.00 Mil for 2025

Insider Activity

Updated 8/19/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Creed, Greg trust for reporting person and spouseBuy304202660.163,305198,829365,773Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Creed, Greg trust for reporting person and spouseBuy304202660.163,305198,829365,773Form

Investor Activity (13F)

Updated Oct 2, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
RWWM, Inc.$130.6 Mil9.5%34ADD +191.6%13F
Appaloosa LP$105.1 Mil1.8%31TRIM -50.1%13F
Ovata Capital Management Ltd$12.4 Mil1.7%38New13F
Maple Rock Capital Partners Inc.$32.0 Mil1.0%44ADD +46.8%13F
Slate Path Capital LP$35.7 Mil0.5%44ADD +52.7%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Ovata Capital Management Ltd$12.4 Mil1.7%38New13F
RWWM, Inc.$130.6 Mil9.5%34ADD +191.6%13F
Slate Path Capital LP$35.7 Mil0.5%44ADD +52.7%13F
Maple Rock Capital Partners Inc.$32.0 Mil1.0%44ADD +46.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Appaloosa LP$105.1 Mil1.8%31TRIM -50.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
RWWM, Inc.$130.6 Mil9.5%34ADD +191.6%13F
Appaloosa LP$105.1 Mil1.8%31TRIM -50.1%13F
Slate Path Capital LP$35.7 Mil0.5%44ADD +52.7%13F
Maple Rock Capital Partners Inc.$32.0 Mil1.0%44ADD +46.8%13F
Ovata Capital Management Ltd$12.4 Mil1.7%38New13F
Core Cache Last Updated: 10/1/2026