Credit and interest ratespositive · 4 filings
“Interest expense increased due to higher outstanding borrowings in fiscal 2025, primarily to fund acquisitions.”10-K · May 13, 2026 ↗
Hawkins, Inc.
HWKN
Market read
Hawkins, Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
What changed
- Revenue increased 11.2% versus the comparable filing period.
- Operating margin fell 1.0 percentage points.
Company-2.3% todayVolume comparison unavailable
Market group0 of 1 activeSpecialty Chemicals · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- LIFO reserve rose and gross profit fell $1.5 million in fiscal 2026, attributed primarily to rising raw material costs.
- Food product sales decreased $11.1 million due to decreased selling prices driven by competitive pricing pressures.
Invalidation: The isolated read changes if HWKN's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
- Revenue increased 11.2% versus the comparable filing period.
- Operating cash flow covered net income at 1.77x, improving versus the comparable period.
Evidence that challenges
- Operating margin fell 1.0 percentage points.
- Gross margin fell 0.5 percentage points.
- Net margin fell 1.1 percentage points.
What would clarify the read
- LIFO reserve rose and gross profit fell $1.5 million in fiscal 2026, attributed primarily to rising raw material costs.
- Food product sales decreased $11.1 million due to decreased selling prices driven by competitive pricing pressures.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements76
Verified relationships2
Evidence supporting the case
- Latest annual revenue changed +11.2% year over year.
- Operating cash flow covered net income at 1.77x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Operating margin changed -1.0 percentage points in the latest annual period.
- Net margin changed -1.1 percentage points in the latest annual period.
Questions before a position
- EV/sales is 40% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
122.346m-17.3%12m-28.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-04-03$774.5M+29.8%$2.44-0.6%
2023-04-02$935.1M+20.7%$2.86-0.6%
2024-03-31$919.2M-1.7%$3.59-0.0%
2025-03-30$974.4M+6.0%$4.03-0.4%
2026-03-29$1.1B+11.2%$3.91-0.4%
What management says matters
Persistent and emerging business drivers
Pricing and mixmixed · 4 filings
“Sales of our Food products decreased $11.1 million due to decreased selling prices driven by competitive pricing pressures.”10-K · May 13, 2026 ↗
Capital investment and capacitymixed · 1 filings
“The increase in capital expenditures was primarily driven by real estate purchases and expansion of existing facilities.”10-K · May 13, 2026 ↗
Input and raw-material costsmixed · 1 filings
“During fiscal 2026, the LIFO reserve increased, and gross profits decreased, by $1.5 million, primarily due to rising raw material costs.”10-K · May 13, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.4× · EV/sales 2.6×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
122.34-2.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for HWKN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-K filed 2026-05-13 against the comparable filing from 2025-05-14.
OperationsmixedEvidence score 0
liquidityconstructiveEvidence score +1
valuationmixed
What improved
- Revenue increased 11.2% versus the comparable filing period.
- Operating cash flow covered net income at 1.77x, improving versus the comparable period.
What weakened
- Operating margin fell 1.0 percentage points.
- Gross margin fell 0.5 percentage points.
- Net margin fell 1.1 percentage points.
Filing receipts
“The increase in capital expenditures was primarily driven by real estate purchases and expansion of existing facilities.”
“Sales of our agricultural products increased $6.8 million, which was more than offset by declines in some of our other product lines resulting from lower selling prices, primarily driven by competitive pricing pressures.”
“The increase in cash provided by operating activities in fiscal 2026 as compared to fiscal 2025 was primarily driven by favorable year-over-year changes in inventories and trade receivables compared to the same period a year ago.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind HWKN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
WSOWatsco, Inc.distributorMay 8, 2026 ▾
“On April 1, 2025, one of our wholly owned subsidiaries acquired Hawkins, a distributor of commercial HVAC supplies with annual sales of approximately $9.0 million, operating from two locations in North Carolina and South Carolina.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
HWKN is currently a Leader in the organic co-movement group Specialty Chemicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for HWKN; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.