Whirlpool Corp. /DE/ (WHR) intrinsic value & 10-year financials

Whirlpool Corp. /DE/ (WHR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 3.2% a year to $15.5B, with an average return on invested capital of 9.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$27.89
Market cap
$1.6B
Revenue (FY2025)
$15.5B
Revenue growth (10-yr CAGR)
-3.2%
ROIC (10-yr avg)
9.2%
Free cash flow (FY2025)
$81.0M

WHR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $15.5B $318.0M $5.66 $81.0M 5.4% 6.6%
FY2024 $16.6B -$323.0M -$5.87 $384.0M 0.9% 1.6%
FY2023 $19.5B $481.0M $8.72 $366.0M 5.2% 10.2%
FY2022 $19.7B -$1.5B -$27.18 $820.0M -5.4% -12.9%
FY2021 $22.0B $1.8B $28.36 $1.7B 10.7% 24.4%
FY2020 $19.5B $1.1B $17.07 $1.1B 8.3% 17.4%
FY2019 $20.4B $1.2B $18.45 $698.0M 7.7% 19.3%
FY2018 $21.0B -$183.0M -$2.72 $639.0M 1.3% 4.1%
FY2017 $21.3B $350.0M $4.70 $580.0M 5.3% 7.1%
FY2016 $20.7B $888.0M $11.50 $543.0M 6.5% 13.8%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

WHIRLPOOL CORP /DE/ is facing top-line stagnation, with revenue contracting over the decade.

WHIRLPOOL CORP /DE/ returns on capital have been average, hovering around 9.2% ROIC over the decade.

Over the decade, WHIRLPOOL CORP /DE/ shows that management has aggressively returned capital to shareholders by retiring 27.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, WHIRLPOOL CORP /DE/ is modeled at -7.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-32.42 per share.

WHR stock: frequently asked questions

What is the intrinsic value of Whirlpool Corp. /DE/ (WHR) stock?

Graham's formula only works with positive earnings. Whirlpool Corp. /DE/ reported diluted EPS of $5.66 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Whirlpool Corp. /DE/ grown?

Revenue went from $20.7B in fiscal 2016 to $15.5B in fiscal 2025, a compound annual growth rate of -3.2%. Net income was $318.0M in fiscal 2025.

Does Whirlpool Corp. /DE/ generate free cash flow?

Whirlpool Corp. /DE/ generated $81.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is WHR's return on invested capital?

Average ROIC over the last 10 fiscal years was 9.2%, and average return on equity was 11.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WHR data come from?

From Whirlpool Corp. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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