“The decrease in tax expense for the six months ended June 30, 2026, is primarily due to reduced earnings before income taxes and tax benefits related to transactions and restructuring.”10-Q · Aug 4, 2026 ↗
Whirlpool Corporation
WHR
Market read
Whirlpool Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Net income increased 35.4% versus the comparable filing period.
- Revenue decreased 6.8% versus the comparable filing period.
- Whirlpool reported an industry demand decline and lower-volume inefficiencies alongside a 3.6-point gross-margin contraction in the latest three months.
Invalidation: The isolated read changes if WHR's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Net income increased 35.4% versus the comparable filing period.
- Revenue decreased 6.8% versus the comparable filing period.
- Operating margin fell 0.8 percentage points.
- Gross margin fell 3.6 percentage points.
- Whirlpool reported an industry demand decline and lower-volume inefficiencies alongside a 3.6-point gross-margin contraction in the latest three months.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating margin changed +4.5 percentage points in the latest annual period.
- Net margin changed +4.0 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.48x in the latest annual period.
- Latest annual revenue changed -6.5% year over year.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
- P/E is 83% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 68% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
35.84Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Home appliance imports were previously subject to a 50% tariff on the product's steel content value.”10-Q · Aug 4, 2026 ↗
“The decrease was primarily driven by the deconsolidation of Whirlpool of India, industry demand decline in North America and unfavorable price/mix in Latin America.”10-Q · Aug 4, 2026 ↗
“The increase in cash used in investing activities during 2024 was primarily driven by the contribution of $245 million of cash and cash equivalents held in MDA Europe, offset by lower capital expenditures.”10-K · Feb 11, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.1× · EV/sales 0.4×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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 WHR. 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
The latest filing shows material pressure
10-Q filed 2026-08-04 against the comparable filing from 2025-07-29.
Capital and cash conversion
Investment load increased
Capital spending consumed more revenue while free-cash-flow margin declined.
- Capital spending YoY
- +5.2%
- Capital spending / revenue
- +2.4%
- Free-cash-flow margin
- -16.3%
- FCF margin change
- -4.8 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Net income increased 35.4% versus the comparable filing period.
What weakened
- Revenue decreased 6.8% versus the comparable filing period.
- Operating margin fell 0.8 percentage points.
- Gross margin fell 3.6 percentage points.
Filing receipts
“The decrease was primarily driven by industry demand decline, operational inefficiencies associated with lower volume, tariff cost, inflation and unfavorable price/mix.”
“The increase for the three and six months ended was primarily driven by operational inefficiencies associated with lower volume, tariff cost and inflation.”
“The decrease for the three and six months ended was primarily due to operational inefficiencies associated with lower volume, tariff cost and inflation.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind WHR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MGCLYFiling-linked namecompetitorFeb 11, 2026 ▾
“8 Competition Competition in the major home appliance industry is intense, including competitors such as BSH (Bosch), Electrolux, Haier, Hisense, LG, Mabe, Midea, Panasonic and Samsung, many of which are increasingly expanding beyond their existing manufactur…”
JPMJPMorgan Chase & Co.lenderMay 7, 2026 ▾
“1 (the “Amendment”) to the Fifth Amended and Restated Long-Term Credit Agreement, dated as of May 3, 2022 (as amended, the “Credit Agreement”), among the Borrowers, the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as administrative age…”
Depended on by
UPBDUpbound Group, Inc.supplierFeb 23, 2026 ▾
“However, any termination or disruption to our relationship with Ashley Furniture Industries, Whirlpool or other significant suppliers could materially adversely impact our results.”
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
WHR is currently a Participant in the organic co-movement group Economic Cyclicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WHR; 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.