Companies /Consumer Cyclical

Whirlpool Corp

NYSE: WHR Furnishings, Fixtures & Appliances
$39.75
▼ $0.39 (−0.97%) today
Markets closed · 3:13am ET

Q4 2025 Earnings

Reported Jan 28, 2026, 4:20pm ET · SEC source
$1.10
Miss −27.63%
EPS · est. $1.52
$4.1B
Miss −3.99%
Revenue · est. $4.3B
−19.6%
Trailing market
WHR vs S&P since report
3 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−10%−5%0+5%Jan 28Jan 29report 4:20pm ETearnings−0.4%−2.5%
−10%−5%0+5%Jan 28Jan 29earnings−0.4%−2.5%
WHR −2.5%S&P 500 −0.4%
−10%−5%0+5%Jan 28Jan 29report 4:20pm ETearnings−0.9%−2.5%
−10%−5%0+5%Jan 28Jan 29earnings−0.9%−2.5%
WHR −2.5%NASDAQ −0.9%
0+6%+12%+18%Jan 27Feb 5report 4:20pm ETearnings−3.1%+12.7%
0+6%+12%+18%Jan 27Feb 5earnings−3.1%+12.7%
WHR +12.7%S&P 500 −3.1%
−7%0+7%+14%Jan 27Feb 5report 4:20pm ETearnings−6.9%+12.7%
−7%0+7%+14%Jan 27Feb 5earnings−6.9%+12.7%
WHR +12.7%NASDAQ −6.9%
−4.83%
Day of report
+3.94%
Next session
+10.56%
One week
−21.58%
30 days

S&P 500 over the same 30 days: −1.98%.

Did WHR Beat Earnings? Q4 2025 Results

Whirlpool closed out fiscal 2025 on a disappointing note, with fourth-quarter results falling short on both the top and bottom lines amid persistent margin pressure and an intensely promotional competitive landscape. The appliance maker posted non-GAAP EPS of $1.10 for the quarter, missing the $1.53 consensus estimate by 28.10%, while net sales slid 0.9% year-over-year to $4.10 billion, coming in 3.76% below analyst expectations of $4.26 billion. The steepest drag came from the North American segment, where promotional intensity and tariff-related headwinds compressed EBIT margin by 3.9 percentage points to just 2.8%. A $106.00 million JennAir trademark impairment added further noise to the quarter. Despite the miss, investors found reason for optimism in management's 2026 outlook, which calls for net sales of $15.30 billion to $15.60 billion, ongoing EPS of approximately $7.00, and free cash flow of $400.00 million to $500.00 million, supported by more than $150.00 million in structural cost reductions and an anticipated easing of promotional pricing pressure.

Key Takeaways
  • Executed $200 million structural cost take out in 2025 to mitigate tariff impacts
  • SDA Global direct-to-consumer business growth driving margin expansion
  • Q4 JennAir trademark impairment charge of $106 million
  • India stake reduction and deconsolidation resulted in $251 million gain
  • MDA North America EBIT margin contracted as promotional environment had not yet reflected full tariff impact
  • MDA Latin America impacted by negative macro in Argentina and aggressive competition in Brazil

“With a challenging 2025 behind us, our confidence for 2026 is based on our recent successful product launches, reduced promotional intensity and a gradual recovery of the housing market.”

Whirlpool CEO, on the earnings call

Forward Guidance & Outlook

For full-year 2026, Whirlpool expects net sales of $15.3 to $15.6 billion, representing approximately 5% like-for-like growth versus 2025. The company guides for GAAP EPS of approximately $6.25 and ongoing (non-GAAP) EPS of approximately $7.00. Ongoing EBIT margin is expected to range from 5.5% to 5.8%, with structural cost takeout exceeding $150 million contributing approximately 100 basis points of margin expansion. Cash provided by operating activities is expected at approximately $850 million and free cash flow of $400 to $500 million. The company plans approximately $400 million in debt reduction and anticipates a GAAP and adjusted tax rate of approximately 25%. The outlook is supported by successful new product launches, reduced promotional intensity, and an expected gradual recovery in the housing market.

WHR YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$2.0B$4.0B$4.1B$4.1BRevenue$657.0M$575.0MGross Profit$239.0M$243.0MOperating Income$47.4M$108.0MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

WHR Revenue by Segment

MDA North America$2.6B−0.9%
MDA Latin America$927.0M+0.8%
SDA Global$423.0M+10.3%

Figures from SEC filings and company reports. Not investment advice.