Whirlpool Corporation manufactures and sells major kitchen and laundry appliances, KitchenAid small appliances, and InSinkErator food-waste disposers and hot-water dispensers. Its current reporting segments are MDA North America, MDA Latin America and SDA Global.
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A snapshot of what WHIRLPOOL CORP /DE/ owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230000106640-24-000020 | Feb 14, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240000106640-25-000011 | Feb 13, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250000106640-26-000009 | Feb 11, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Whirlpool has become a smaller, more Americas-focused appliance manufacturer, but portfolio simplification has not yet restored prior levels of operating profitability or cash generation. Its 2025 return to GAAP profit relied substantially on disposal gains and lower impairment charges, while ongoing EBIT and operating cash flow declined. After the February 11, 2026 annual filing, equity issuance and secured refinancing strengthened financing resources and extended maturities, at the cost of dilution, preferred dividends and collateral-based restrictions. First-half 2026 operations consumed $947 million of cash, and second-quarter earnings benefited from a $139 million disposal gain. North American pricing improved sequentially, but profitability remained below the prior year. The latest supplied outlook requires a substantial second-half cash recovery; refinancing completion does not establish that this operating recovery has occurred.
Sources: 10-K · 2025-12-31 · EX-99.1 · 2026-05-06 · 10-Q · 2026-06-30 · EX-99.1 · 2026-08-03 · 8-K · 2026-06-12
Whirlpool sells through retailers, distributors, builders and direct-to-consumer channels. Major appliances provide most revenue; KitchenAid small appliances add a globally distributed, more holiday-sensitive business. Manufacturing scale, brands, product innovation and distribution relationships matter, but profitability also depends on promotional pricing, factory utilization, materials and logistics costs. Most product sales lack long-term contracts. Lowe's represented approximately 15% of 2025 sales and 44% of year-end receivables, concentrating collection exposure more heavily than revenue. The smaller consolidated revenue base also affects concentration percentages.
Historical sales are not a constant-portfolio series. Europe left consolidation on April 1, 2024, and India following the November 2025 ownership reduction. Neither qualified as discontinued operations, so earlier consolidated results still include those businesses. SDA was separated from geographic segments in 2024; former MDA Asia subsequently moved into Other. Recast segment comparisons should therefore be used instead of attaching current segment names to the original 2023 geographic results.
Sources: 10-K · 2025-12-31 · 10-K · 2023-12-31 · 10-K · 2024-12-31
For calendar 2025, sales were $15.524 billion and parent-attributable GAAP earnings $318 million, compared with $16.607 billion and a $323 million loss in 2024. The earnings recovery reflected a $280 million net disposal gain replacing a $264 million loss, and trademark impairments falling to $106 million from $381 million. It was not a broad improvement in trading: gross margin slipped to 15.4%, and company-defined ongoing EBIT fell to $729 million from $887 million. North American segment margin declined to 4.9% from 6.5%, with management citing tariff costs partly offset by cost reductions. Latin America weakened, while favorable price/mix lifted SDA Global.
Sources: 10-K · 2025-12-31 · EX-99.1 · 2026-05-06
Operating cash flow declined from $915 million in 2023 to $835 million in 2024 and $470 million in 2025. Management linked the latest deterioration to lower cash earnings and working capital for product transitions, including a $372 million inventory cash use. Reported 2025 free cash flow was $81 million after $389 million capex, below $300 million of dividends. Cash fell to $669 million; removing $327 million of cash held by divested businesses was an important offset to disposal receipts. Receivable sales and supplier-payment timing also influence cash conversion. These cash measures are not profit.
Sources: 10-K · 2023-12-31 · 10-K · 2024-12-31 · 10-K · 2025-12-31 · EX-99.1 · 2026-05-06
The latest supplied quarterly report, filed August 4, covers June 30, 2026. First-half sales were $6.790 billion, down a reported 8.2%, including India's deconsolidation. Second-quarter organic sales fell 1.7% after removing prior-year India revenue and current-year currency benefits. North American margin improved sequentially to 2.7% as pricing took effect, but remained below 5.9% a year earlier. Latin American currency-supported sales growth masked weaker price/mix and margins. Quarterly ongoing EBIT fell to $62 million from $200 million. A $139 million disposal gain supported GAAP earnings; first-half consolidated income of $6 million became an $11 million common-shareholder loss after preferred dividends.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-08-03
February offerings generated $524 million net common-equity proceeds and $557 million net preferred proceeds. June brought $2 billion of second-lien notes and replacement of the unsecured revolver with a collateral-dependent ABL of up to $2 billion. The ABL was undrawn at June 30, not equivalent to $2 billion of cash. First-half operating cash outflow was $947 million; financing inflows explain the higher $1.239 billion cash balance, which included $212 million restricted for debt discharged July 1. Common dividends were suspended, but preferred dividends accumulate at 8.50% and conversion creates future dilution. The separate proposed $30 million private placement was terminated without receipts.
Sources: 8-K · 2026-02-24 · 8-K · 2026-06-12 · 10-Q · 2026-06-30
The August outlook retained approximately $700 million full-year operating cash flow, implying approximately $1.647 billion second-half inflow after the first-half outflow. This is an arithmetic implication, not an achieved result. Housing-sensitive demand, retailer promotions, tariffs and production efficiency remain central risks. Below-investment-grade ratings and collateral-based financing constrain flexibility. Brazilian tax disputes, trademark valuation sensitivity and retained commercial relationships remain material despite disposals. The supplied record establishes neither actual ABL covenant headroom nor guaranteed tariff recoveries, restructuring savings or further asset-sale proceeds.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-08-03
USD 19.455 bn
FY2023 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2023 | USD 19.455 bn | — |
Consolidated reported net sales, including businesses until deconsolidation; net of returns and sales incentives.
Sources: 10-K · 2023-12-31
USD 15.524 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 15.524 bn | -6.5% |
| 2024 | USD 16.607 bn | — |
Consolidated net sales as reported; includes changing consolidation perimeter.
Sources: 10-K · 2025-12-31
USD 318 m
FY2025 · GAAP · consolidated · Attribution: parent · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 318 m | — |
| 2023 | USD 481 m | — |
Net earnings after tax and equity-method results, attributable to Whirlpool after noncontrolling interests.
Sources: 10-K · 2025-12-31
USD -323 m
FY2024 · GAAP · consolidated · Attribution: parent · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD -323 m | — |
Net earnings after tax and equity-method results, attributable to Whirlpool after noncontrolling interests.
Sources: 10-K · 2025-12-31
USD 470 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 470 m | -43.7% |
| 2024 | USD 835 m | -8.7% |
| 2023 | USD 915 m | — |
Consolidated net operating cash flow; not net income.
Sources: 10-K · 2025-12-31
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