grepcent public filings, reorganized for comparison

WHIRLPOOL CORP /DE/ (WHR)

CIK: 0000106640. SIC: 3630 Household Appliances. Latest 10-K as of: 2026-02-11.

SIC breadcrumb: Manufacturing > Electronic And Other Electrical Equipment And Components, Except Computer Equipment > SIC 3630 Household Appliances

SEC company page: https://www.sec.gov/edgar/browse/?CIK=106640. Latest filing source: 0000106640-26-000009.

Informational only. Descriptive public-record data — not a rating, forecast, or investment advice. See Disclaimer.

At a glance

FY2025 · period end 2025-12-31 · filed 2026-02-11 · accession 0000106640-26-000009 · source: SEC companyfacts

Revenue
15,524,000,000 USD verified
Net income
318,000,000 USD verified
Assets
16,001,000,000 USD verified
Free cash flow
81,000,000 USD computed
Net margin
2.05% computed
Operating margin
5.40% computed
Revenue YoY
-6.52% computed
ROE
11.67% computed

Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Operating margin = operating income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity.

No market price, no rating, no forecast on this site. Not investment advice.

Peer & cluster context

Peer percentile fingerprint

WHR ratios vs SIC peers. Source: grepcent computed from latest SEC companyfacts ratios; peer set SIC major-group 36; per-ratio N printed.WHR ratios vs SIC peers. Source: grepcent computed from latest SEC companyfacts ratios; peer set SIC major-group 36; per-ratio N printed.RatioWHRPeer medianPercentileNNet margin2.0%4.4%43135Operating margin5.4%4.4%54128Revenue growth-6.5%10.2%10142FCF margin0.5%8.0%21138ROE11.7%5.4%63136ROA2.0%2.7%47143Liabilities / equity4.870.8195138Current ratio0.762.591144

Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC major-group 36 Electronic And Other Electrical Equipment And Components, Except Computer Equipment, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking.

Selected Fundamentals

MetricValueUnitFYFiled
Revenue15,524,000,000USD20252026-02-11
Net income318,000,000USD20252026-02-11
Assets16,001,000,000USD20252026-02-11

Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-02-11. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000106640.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

Download these verified figures (annual + quarterly, with per-value filing provenance): JSON · CSV

Flow metrics use full-year FY periods from 10-K/10-K/A filings; balance-sheet metrics use FY-end instants. Free cash flow = operating cash flow - capital expenditures. Missing metrics are omitted rather than fabricated.

Metric2016201720182019202020212022202320242025
Revenue20,718,000,00021,253,000,00021,037,000,00020,419,000,00019,456,000,00021,985,000,00019,724,000,00019,455,000,00016,607,000,00015,524,000,000
Net income888,000,000350,000,000-183,000,0001,168,000,0001,075,000,0001,783,000,000-1,519,000,000481,000,000-323,000,000318,000,000
Operating income1,368,000,0001,136,000,000279,000,0001,549,000,0001,615,000,0002,348,000,000-1,056,000,0001,015,000,000143,000,000838,000,000
Gross profit3,692,000,0003,602,000,0003,537,000,0003,511,000,0003,842,000,0004,409,000,0003,073,000,0003,170,000,0002,581,000,0002,386,000,000
Diluted EPS11.504.70-2.7218.1916.9828.36-27.188.72-5.875.66
Operating cash flow1,203,000,0001,264,000,0001,229,000,0001,230,000,0001,500,000,0002,176,000,0001,390,000,000915,000,000835,000,000470,000,000
Capital expenditures660,000,000684,000,000590,000,000532,000,000410,000,000525,000,000570,000,000549,000,000451,000,000389,000,000
Dividends paid294,000,000312,000,000306,000,000305,000,000311,000,000338,000,000390,000,000384,000,000384,000,000300,000,000
Share buybacks525,000,000750,000,0001,153,000,000148,000,000121,000,0001,041,000,000903,000,0000.0050,000,0000.00
Assets19,153,000,00020,038,000,00018,347,000,00018,973,000,00020,436,000,00020,285,000,00017,124,000,00017,312,000,00016,301,000,00016,001,000,000
Stockholders' equity4,773,000,0004,198,000,0002,291,000,0003,195,000,0003,885,000,0004,846,000,0002,336,000,0002,362,000,0002,683,000,0002,726,000,000
Cash and cash equivalents1,085,000,0001,196,000,0001,498,000,0001,952,000,0002,924,000,0003,044,000,0001,958,000,0001,570,000,0001,275,000,000669,000,000
Free cash flow543,000,000580,000,000639,000,000698,000,0001,090,000,0001,651,000,000820,000,000366,000,000384,000,00081,000,000

Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

Metric2016201720182019202020212022202320242025
Net margin4.29%1.65%-0.87%5.72%5.53%8.11%-7.70%2.47%-1.94%2.05%
Operating margin6.60%5.35%1.33%7.59%8.30%10.68%-5.35%5.22%0.86%5.40%
Return on equity18.60%8.34%-7.99%36.56%27.67%36.79%-65.03%20.36%-12.04%11.67%
Return on assets4.64%1.75%-1.00%6.16%5.26%8.79%-8.87%2.78%-1.98%1.99%
Liabilities / equity3.013.777.014.944.263.196.336.335.084.87
Current ratio0.960.930.820.881.101.141.080.890.720.76

Industry Peer Context

Each number-line places WHR against the min, median, and max of latest reported values among companies in the same SIC industry when at least three peers report that ratio.

Net margin peer context

WHR Net margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.WHR Net margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.4 SIC peersMin -20.6%Median 6.5%Max 14.3%WHR 2.0%

Operating margin peer context

WHR Operating margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.WHR Operating margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.4 SIC peersMin -17.5%Median 9.9%Max 19.0%WHR 5.4%

ROE peer context

WHR ROE versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.WHR ROE versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.4 SIC peersMin -67.4%Median 18.9%Max 29.4%WHR 11.7%

ROA peer context

WHR ROA versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.WHR ROA versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 3630; peer count 4.4 SIC peersMin -17.0%Median 7.5%Max 17.4%WHR 2.0%

Financial Bridges

Waterfall figures reconcile reported SEC companyfacts components. Missing bridges are omitted when required components are not present for the same fiscal year.

Income statement bridge from reported figures

WHR FY2025 income statement bridge from reported figures.WHR FY2025 income statement bridge from reported figures.WHR income bridgeFY2025: revenue to net incomeSource: SEC companyfacts FY2025.Income statement bridgeReported amount$0.0B$10.0B$20.0B$15.5BRevenue-$13.1BCost$2.4BGross-$1.5BOpEx$838.0MOperating-$520.0MOther/tax$318.0MNet income

Figure provenance: SEC companyfacts FY 2025. Revenue: accession 0000106640-26-000009; concept RevenueFromContractWithCustomerExcludingAssessedTax; source concepts us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | Gross profit: accession 0000106640-26-000009; concept GrossProfit; source concepts us-gaap:GrossProfit | Operating income: accession 0000106640-26-000009; concept OperatingIncomeLoss; source concepts us-gaap:OperatingIncomeLoss | Net income: accession 0000106640-26-000009; concept NetIncomeLoss; source concepts us-gaap:NetIncomeLoss

Free cash flow = operating cash flow - capital expenditures

WHR FY2025 free cash flow bridge from reported figures.WHR FY2025 free cash flow bridge from reported figures.WHR free cash flow bridgeFY2025: operating cash flow less capital expendituresSource: SEC companyfacts FY2025.Free cash flow bridgeReported amount$0.0B$250.0M$500.0M$470.0MOperating cash flow-$389.0MCapex$81.0MFree cash flow

Figure provenance: SEC companyfacts FY 2025. Operating cash flow: accession 0000106640-26-000009; concept NetCashProvidedByUsedInOperatingActivities; source concepts us-gaap:NetCashProvidedByUsedInOperatingActivities | Capital expenditures: accession 0000106640-26-000009; concept PaymentsToAcquirePropertyPlantAndEquipment; source concepts us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | Free cash flow: accession 0000106640-26-000009; concept NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment; source concepts us-gaap:NetCashProvidedByUsedInOperatingActivities; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment

Financial Charts

WHR revenue, last 5 periods. Source: SEC companyfacts FY2025.WHR revenue, last 5 periods. Source: SEC companyfacts FY2025.WHR RevenueLatest point: FY2025 = $15.5BSource: SEC companyfacts FY2025.Fiscal yearReported revenue$0.0B$15.0B$30.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: RevenueFromContractWithCustomerExcludingAssessedTax. Source concepts: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

WHR net income, last 5 periods. Source: SEC companyfacts FY2025.WHR net income, last 5 periods. Source: SEC companyfacts FY2025.WHR Net incomeLatest point: FY2025 = $318.0MSource: SEC companyfacts FY2025.Fiscal yearNet income-$2.0B$0.0B$4.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: NetIncomeLoss. Source concepts: us-gaap:NetIncomeLoss.

WHR operating income, last 5 periods. Source: SEC companyfacts FY2025.WHR operating income, last 5 periods. Source: SEC companyfacts FY2025.WHR Operating incomeLatest point: FY2025 = $838.0MSource: SEC companyfacts FY2025.Fiscal yearOperating income-$2.0B$0.0B$4.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: OperatingIncomeLoss. Source concepts: us-gaap:OperatingIncomeLoss.

WHR gross profit, last 5 periods. Source: SEC companyfacts FY2025.WHR gross profit, last 5 periods. Source: SEC companyfacts FY2025.WHR Gross profitLatest point: FY2025 = $2.4BSource: SEC companyfacts FY2025.Fiscal yearGross profit$0.0B$3.0B$6.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: GrossProfit. Source concepts: us-gaap:GrossProfit.

WHR diluted eps, last 5 periods. Source: SEC companyfacts FY2025.WHR diluted eps, last 5 periods. Source: SEC companyfacts FY2025.WHR Diluted EPSLatest point: FY2025 = $5.66/shareSource: SEC companyfacts FY2025.Fiscal yearDiluted EPS (USD/share)-$30.00/share$0.00/share$40.00/shareFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: EarningsPerShareDiluted. Source concepts: us-gaap:EarningsPerShareDiluted.

WHR operating cash flow, last 5 periods. Source: SEC companyfacts FY2025.WHR operating cash flow, last 5 periods. Source: SEC companyfacts FY2025.WHR Operating cash flowLatest point: FY2025 = $470.0MSource: SEC companyfacts FY2025.Fiscal yearOperating cash flow$0.0B$2.0B$4.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: NetCashProvidedByUsedInOperatingActivities. Source concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities.

WHR capital expenditures, last 5 periods. Source: SEC companyfacts FY2025.WHR capital expenditures, last 5 periods. Source: SEC companyfacts FY2025.WHR Capital expendituresLatest point: FY2025 = $389.0MSource: SEC companyfacts FY2025.Fiscal yearCapital expenditures$0.0B$375.0M$750.0MFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: PaymentsToAcquirePropertyPlantAndEquipment. Source concepts: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

WHR dividends paid, last 5 periods. Source: SEC companyfacts FY2025.WHR dividends paid, last 5 periods. Source: SEC companyfacts FY2025.WHR Dividends paidLatest point: FY2025 = $300.0MSource: SEC companyfacts FY2025.Fiscal yearDividends paid$0.0B$250.0M$500.0MFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: PaymentsOfDividends. Source concepts: us-gaap:PaymentsOfDividends.

WHR share buybacks, last 5 periods. Source: SEC companyfacts FY2025.WHR share buybacks, last 5 periods. Source: SEC companyfacts FY2025.WHR Share buybacksLatest point: FY2025 = $0.0BSource: SEC companyfacts FY2025.Fiscal yearShare buybacks$0.0B$1.0B$2.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: PaymentsForRepurchaseOfCommonStock. Source concepts: us-gaap:PaymentsForRepurchaseOfCommonStock.

WHR assets, last 5 periods. Source: SEC companyfacts FY2025.WHR assets, last 5 periods. Source: SEC companyfacts FY2025.WHR AssetsLatest point: FY2025 = $16.0BSource: SEC companyfacts FY2025.Fiscal yearAssets$0.0B$15.0B$30.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: Assets. Source concepts: us-gaap:Assets.

WHR stockholders' equity, last 5 periods. Source: SEC companyfacts FY2025.WHR stockholders' equity, last 5 periods. Source: SEC companyfacts FY2025.WHR Stockholders' equityLatest point: FY2025 = $2.7BSource: SEC companyfacts FY2025.Fiscal yearStockholders' equity$0.0B$3.0B$6.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: StockholdersEquity. Source concepts: us-gaap:StockholdersEquity.

WHR cash and cash equivalents, last 5 periods. Source: SEC companyfacts FY2025.WHR cash and cash equivalents, last 5 periods. Source: SEC companyfacts FY2025.WHR Cash and cash equivalentsLatest point: FY2025 = $669.0MSource: SEC companyfacts FY2025.Fiscal yearCash and cash equivalents$0.0B$2.0B$4.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: CashAndCashEquivalentsAtCarryingValue. Source concepts: us-gaap:CashAndCashEquivalentsAtCarryingValue.

WHR free cash flow, last 5 periods. Source: SEC companyfacts FY2025.WHR free cash flow, last 5 periods. Source: SEC companyfacts FY2025.WHR Free cash flowLatest point: FY2025 = $81.0MSource: SEC companyfacts FY2025.Fiscal yearFree cash flow$0.0B$1.0B$2.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000106640-26-000009; filed 2026-02-11. Concept: NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment. Source concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

As-reported value updates

4 tracked differences above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period.

View the filing-by-filing ledger →

Quarterly

Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-08-04. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000106640.json.

Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived.

QuarterEnd DateRevenueNet IncomeDiluted EPSMethod
2022-Q32022-09-302.60reported discrete quarter
2023-Q12023-03-31-3.27reported discrete quarter
2023-Q22023-06-301.55reported discrete quarter
2023-Q32023-09-304,926,000,00083,000,0001.53reported discrete quarter
2023-Q42023-12-315,088,000,000491,000,000derived Q4 = FY annual - nine-month YTD
2024-Q12024-03-314,490,000,000-259,000,000-4.72reported discrete quarter
2024-Q22024-06-303,989,000,000219,000,0003.96reported discrete quarter
2024-Q32024-09-303,993,000,000109,000,0002.00reported discrete quarter
2024-Q42024-12-314,136,000,000-392,000,000derived Q4 = FY annual - nine-month YTD
2025-Q12025-03-313,621,000,00071,000,0001.28reported discrete quarter
2025-Q22025-06-303,773,000,00065,000,0001.17reported discrete quarter
2025-Q32025-09-304,033,000,00073,000,0001.29reported discrete quarter
2025-Q42025-12-314,098,000,000108,000,000derived Q4 = FY annual - nine-month YTD
2026-Q12026-03-313,273,000,000-82,000,000-1.43reported discrete quarter
2026-Q22026-06-303,517,000,00088,000,0001.15reported discrete quarter

Quarterly Charts

WHR quarterly revenue, last 12 periods. Source: SEC companyfacts 2026-Q2.WHR quarterly revenue, last 12 periods. Source: SEC companyfacts 2026-Q2.WHR Quarterly RevenueLatest point: 2026-Q2 = $3.5BSource: SEC companyfacts 2026-Q2.Fiscal quarterQuarterly Revenue$0.0B$3.0B$6.0B2023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q12025-Q22025-Q32025-Q42026-Q12026-Q2

Figure provenance: SEC companyfacts. Latest point: FY 2026 ended 2026-06-30; accession 0000106640-26-000061; filed 2026-08-04. Concept: RevenueFromContractWithCustomerExcludingAssessedTax. Source concepts: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

WHR quarterly net income, last 12 periods. Source: SEC companyfacts 2026-Q2.WHR quarterly net income, last 12 periods. Source: SEC companyfacts 2026-Q2.WHR Quarterly Net incomeLatest point: 2026-Q2 = $88.0MSource: SEC companyfacts 2026-Q2.Fiscal quarterQuarterly Net income-$500.0M$0.0B$750.0M2023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q12025-Q22025-Q32025-Q42026-Q12026-Q2

Figure provenance: SEC companyfacts. Latest point: FY 2026 ended 2026-06-30; accession 0000106640-26-000061; filed 2026-08-04. Concept: NetIncomeLoss. Source concepts: us-gaap:NetIncomeLoss.

WHR quarterly diluted eps, last 12 periods. Source: SEC companyfacts 2026-Q2.WHR quarterly diluted eps, last 12 periods. Source: SEC companyfacts 2026-Q2.WHR Quarterly Diluted EPSLatest point: 2026-Q2 = $1.15/shareSource: SEC companyfacts 2026-Q2.Fiscal quarterQuarterly Diluted EPS (USD/share)-$6.00/share$0.00/share$6.00/share2022-Q32023-Q12023-Q22023-Q32024-Q12024-Q22024-Q32025-Q12025-Q22025-Q32026-Q12026-Q2

Figure provenance: SEC companyfacts. Latest point: FY 2026 ended 2026-06-30; accession 0000106640-26-000061; filed 2026-08-04. Concept: EarningsPerShareDiluted. Source concepts: us-gaap:EarningsPerShareDiluted.

Business

Read WHR's verbatim Item 1 Business section from its latest 10-K: Business.

Risk Factors

Read WHR's verbatim Item 1A Risk Factors from its latest 10-K: Risk Factors.

Latest quarter (10-Q)

Latest 10-Q source: 0000106640-26-000061.

Extracted structurally from real Item 2 body heading to real Item 3/4 boundary. Confidence: high. Filing date: 2026-08-04. Report date: 2026-06-30.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to promote understanding of the results of operations and financial condition of the Company and generally discusses the results of operations for the current three and six months ended periods compared to the same prior-year periods. MD&A is provided as a supplement to, and should be read in connection with, the Consolidated Condensed Financial Statements and Notes to the Consolidated Condensed Financial Statements included in this Form 10-Q.

Certain references to particular information in the Notes to the Consolidated Condensed Financial Statements are made to assist readers.

ABOUT WHIRLPOOL

Whirlpool Corporation ("Whirlpool") is a leading kitchen and laundry appliance company, in constant pursuit of improving life at home and inspiring generations with our brands. The Company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul, and InSinkErator. In 2025, the Company reported approximately $16 billion in annual sales, 41,000 employees, and 35 manufacturing and technology research centers. We conduct our business through three operating segments, which consist of Major Domestic Appliances ("MDA") North America; MDA Latin America; and Small Domestic Appliances ("SDA") Global.

OVERVIEW

Whirlpool delivered second-quarter net earnings (loss) available to Whirlpool common shareholders of $75 million (net earnings margin of 2.1%), or $1.15 per share, compared to net earnings (loss) available to Whirlpool shareholders of $65 million (net earnings margin of 1.7%), or $1.17 per share in the same prior-year period. Whirlpool delivered cash provided by (used in) operating activities of $(947) million for the six months ended June 30, 2026, compared to $(702) million in the same prior year period and had capital expenditures of $162 million and $154 million, respectively.

Net earnings margins were favorably impacted by the gain of $139 million during the second quarter of 2026 related to the sale of our remaining 25% ownership stake in Beko, partially offset by the unfavorable impacts of lower volume due to the industry demand decline in North America and negative price/mix in Latin America.

We continue to take actions to deliver shareholder value as we navigate through a challenging macro environment in North America. We remain confident in delivering over $150 million of cost take out, implementing previously announced pricing actions, including the largest pricing changes in a decade, introducing over 100 new products and improving net debt.

37

RESULTS OF OPERATIONS

The following table summarizes the consolidated results of operations for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,
Consolidated - Millions of dollars, except per share data20262025Better/(Worse) %20262025Better/(Worse) %
Net sales$3,517$3,773(6.8)%$6,790$7,393(8.2)%
Gross margin442610(27.6)8571,217(29.6)
Selling, general and administrative3713976.77308039.1
Intangible amortization676.712136.7
Restructuring costs412nm7311nm
Loss (gain) on sale and disposal of businesses(139)—nm(139)—nm
Interest and sundry (income) expense5(4)nm(3)(36)nm
Interest expense638627.714016414.8
Income tax expense (benefit)32988.5177276.4
Equity method investment income (loss)(5)(18)72.2(22)(35)37.1
Net earnings (loss) available to Whirlpool shareholders886533.96137(95.6)
Mandatory convertible preferred stock dividends accumulated during the period13—nm17—nm
Net earnings (loss) available to Whirlpool common shareholders$75$6514.2$(11)$137nm
Diluted net earnings (loss) available to Whirlpool per share$1.15$1.17(1.7)%$(0.17)$2.45nm

(1) Not meaningful ("nm")

Consolidated net sales decreased 6.8% and 8.2% for the three and six months ended June 30, 2026 compared to the same periods in 2025. 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. This was partially offset by favorable currency impacts in Latin America.

The consolidated gross margin percentage for the three and six months ended June 30, 2026 was 12.6% and 12.6% compared to 16.2% and 16.5% in the same prior-year periods. The decrease was primarily driven by industry demand decline, operational inefficiencies associated with lower volume, tariff cost, inflation and unfavorable price/mix.

The following is a discussion of results for each of our operating segments, which consist of MDA North America; MDA Latin America; and SDA Global. For additional information, see Note 13 to the Consolidated Condensed Financial Statements.

38

MDA NORTH AMERICA

Net Sales

Net sales decreased 1.5% and 4.5% for the three and six months ended June 30, 2026 compared to the same periods in 2025. The decrease for the three and six months ended was primarily driven by lower volume, as industry demand remained subdued. This was partially offset by favorable product price/mix in the three months ended June 30, 2026. Excluding the impact from foreign currency, net sales decreased 1.5% and 4.6% for the three and six months ended June 30, 2026, compared to the same periods in 2025.

Cost of Products Sold

Cost of products sold for the three and six months ended June 30, 2026 increased 3.0% and 1.1% compared to the same periods in 2025. The increase for the three and six months ended was primarily driven by operational inefficiencies associated with lower volume, tariff cost and inflation.

EBIT

EBIT decreased for the three and six months ended June 30, 2026 compared to the same periods in 2025. The decrease for the three and six months ended was primarily due to operational inefficiencies associated with lower volume, tariff cost and inflation. This was partially offset by favorable product price/mix in the three months ended June 30, 2026. EBIT margin was 2.7% and 1.5% for the three and six months ended June 30, 2026, compared to 5.9% and 6.0% for the same periods in 2025.

39

MDA LATIN AMERICA

Net Sales

Net sales increased 7.8% and 6.4% for the three and six months ended June 30, 2026, compared to the same periods in 2025. The increase was primarily driven by favorable foreign currency and increased volume, partially offset by unfavorable price/mix. Excluding the impact from foreign currency, net sales decreased 1.7% and 2.7% for the three and six months ended June 30, 2026, compared to the same periods in 2025.

Cost of Products Sold

Cost of products sold for the three and six months ended June 30, 2026 increased 11.7% and 9.0% compared to the same periods in 2025. The increase was primarily driven by increased volume.

EBIT

EBIT decreased for the three and six months ended June 30, 2026 compared to the same periods in 2025. The decrease was primarily driven by unfavorable price/mix, partially offset by favorable tax matter-related gains and favorable currency. EBIT margin was 3.0% and 4.4% for the three and six months ended June 30, 2026, compared to 6.0% and 6.3% for the same periods in 2025.

40

SDA GLOBAL

Net Sales

Net sales increased 0.5% and 6.8% for the three and six months ended June 30, 2026 compared to the same periods in 2025. The increase was primarily driven by increased volume and favorable foreign currency. Excluding the impact from foreign currency, net sales decreased 1.2% and increased 4.1% for the three and six months ended June 30, 2026 compared to the same periods in 2025.

Cost of Products Sold

Cost of products sold for the three and six months ended June 30, 2026 increased 3.3% and 6.6% compared to the same periods in 2025. The increase was primarily driven by increased volume and the unfavorable impact of tariffs.

EBIT

EBIT decreased for the three and six months ended June 30, 2026 compared to the same periods in 2025. The decrease was primarily driven by planned marketing investments and the unfavorable impact of tariffs, partially offset by increased volume, cost productivity and favorable foreign currency. EBIT margin was 11.9% and 16.7% for the three and six months ended June 30, 2026 compared to 17.3% and 17.9% for the same periods in 2025.

41

Selling, General and Administrative

The following table summarizes selling, general and administrative expenses as a percentage of net sales:

Three Months Ended June 30,Six Months Ended June 30,
Millions of dollars2026As a % of Net Sales2025As a % of Net Sales2026As a % of Net Sales2025As a % of Net Sales
Consolidated$37110.5%$39710.5%$73010.8%$80310.9%

Consolidated selling, general and administrative expenses decreased for the six months ended June 30, 2026, compared to the same period in 2025 primarily due to India deconsolidation and decreased marketing spend.

For additional information, see Notes 1 and 13 to the Consolidated Condensed Financial Statements.

Restructuring

We incurred restructuring charges of $41 million and $73 million for the three and six months ended June 30, 2026 compared to $2 million and $11 million for the same periods in 2025. For additional information, see Note 11 to the Consolidated Condensed Financial Statements.

For the full year 2026, we expect to incur approximately $175 million of restructuring charges, inclusive of the restructuring charges recorded for the six months ended June 30, 2026. We expect a significant portion of these actions to result in non-cash settlement.

(Gain) Loss on Sale and Disposal of Businesses

We recorded a gain of $139 million from the sale of our remaining ownership stake in Beko and the termination of the Russia agreement for the three and six months ended June 30, 2026. The total gain amount includes $82 million from the sale of our Beko stake, $46 million from the termination of the Russia agreement, and $11 million from the release of previously accrued indemnities and other comprehensive income.

See Note 14 to the Consolidated Financial Statements for additional information.

Interest and Sundry (Income) Expense

Net interest and sundry (income) expense was $5 million and $(3) million for the three and six months ended June 30, 2026 compared to $(4) million and $(36) million in the same prior year periods.

For additional information, see Note 8 to the Consolidated Condensed Financial Statements.

Interest Expense

Interest expense was $63 million and $140 million for the three and six months ended June 30, 2026 compared to $86 million and $164 million in the same prior year periods.

Income Taxes

Income tax expense was $3 million and $17 million for the three and six months ended June 30, 2026 compared to income tax expense of $29 million and $72 million in the same prior year periods. 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. For more information, see Note 12 to the Consolidated Condensed Financial Statements.

Other Informati

[Excerpt truncated for page length; source filing is linked above.]

Latest 10-K MD&A (excerpt)

Latest 10-K Item 7 source: 0000106640-26-000009. The complete FY 2025 MD&A is published at /company/WHR/mda/fy2025/.

Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary. Confidence: high. Filing date: 2026-02-11. Report date: 2025-12-31.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to promote understanding of the results of operations and financial condition of the Company and generally discusses the results of operations for the current year compared to prior two years. MD&A is provided as a supplement to, and should be read in connection with, the Consolidated Financial Statements and Notes to the Consolidated Financial Statements included in this Form 10-K.

Certain references to particular information in the Notes to the Consolidated Financial Statements are made to assist readers.

OVERVIEW

Whirlpool's full-year net sales declined by approximately 7%, due to the deconsolidation of the European major domestic appliance business, which occurred on April 1, 2024.

Earnings available to Whirlpool was $318 million (net earnings margin of 2.2%), or $5.66 per share, compared to net earnings (loss) available to Whirlpool of $(323) million (net earnings (loss) margin of (1.9)%), or $(5.87) per share in the same prior-year period, primarily due to non-cash charges related to the European transaction and Maytag trade name impairment in the prior period.

Net earnings margins benefited from strong cost take out actions of approximately $200 million, including product and supply chain cost efficiencies and the gain related to the ownership stake reduction in Whirlpool India, partially offset by the incremental cost of tariffs, JennAir trade name impairment, currency, and continued marketing and technology investments.

Cash provided by operating activities were $470 million, compared to $835 million in 2024, primarily driven by lower earnings and higher working capital requirement to support product transitions. Capital expenditures were $389 million in 2025 and $451 million in 2024.

32

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

RESULTS OF OPERATIONS

The following table summarizes the consolidated results of operations:

December 31,
Consolidated - In Millions (except per share data)2025Better/(Worse) %2024Better/(Worse) %2023
Net sales$15,524(6.5)%$16,607(14.6)%$19,455
Gross margin2,386(7.6)2,581(18.6)3,170
Selling, general and administrative1,6333.01,68415.51,993
Restructuring costs6320.579nm16
Impairment of goodwill and other intangibles106nm381nm—
(Gain) loss on sale and disposal of businesses(280)nm264nm106
Interest and sundry (income) expense(20)(25.9)(27)nm71
Interest expense3414.7358(2.0)351
Income tax expense142nm1087.077
Net earnings (loss) available to Whirlpool318nm(323)nm481
Diluted net earnings available to Whirlpool per share$5.66nm$(5.87)nm$8.72

nm: not meaningful

Consolidated net sales for 2025 decreased by 6.5% compared to 2024, primarily driven by the deconsolidation of our European major domestic appliance business, which occurred on April 1, 2024. Excluding the impact of foreign currency, net sales for 2025 decreased 5.4% compared to 2024. Consolidated net sales for 2024 decreased 14.6% compared to 2023, primarily driven by the deconsolidation of our European major domestic appliance business. Excluding the impact of foreign currency, net sales for 2024 decreased 13.7% compared to 2023.

The chart below summarizes the balance of net sales by operating segment for 2025, 2024 and 2023, respectively.

(1)Other includes the previously reported MDA Asia segment that was deconsolidated as of December 31, 2025

The consolidated gross margin percentage for 2025 slightly decreased to 15.4% compared to 15.5% in 2024, primarily driven by the higher cost of tariffs, partially offset by the favorable impact of product and supply chain cost efficiencies. The consolidated gross margin percentage for 2024 decreased to 15.5% compared to 16.3% in 2023, primarily driven by unfavorable product/price mix, partially offset by decreased material costs and increased volume.

33

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

Results of Operating Segments

In 2023, our operating segments were based on geographical region and were defined as North America, EMEA, Latin America and Asia. These regions also represented our reportable segments. Beginning January 1, 2024, we began conducting our business through five operating segments, which consisted of Major Domestic Appliances (“MDA”) North America; MDA Europe (deconsolidated as of April 1, 2024), MDA Latin America; MDA Asia; and Small Domestic Appliances (“SDA”) Global.

As of December 31, 2025, the operations previously reported within the MDA Asia segment are no longer reported as a segment as a result of the deconsolidation of Whirlpool India. The chief operating decision maker (CODM), who is the Company's Chairman and Chief Executive Officer, evaluates operational performance based on each segment's earnings (loss) before interest and taxes (EBIT). We define EBIT as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items, if any, that management believes are not indicative of the region's ongoing performance. Cost of products sold is the significant expense regularly reviewed by the CODM. It consists of variable costs associated with products sold, including but not limited to raw materials, direct labor, and variable freight and warehousing. Other segment expenses/ (income) primarily include selling, general and administrative items. See Note 15 to the Consolidated Financial Statements for additional information.

The following is a discussion of results for each of our operating segments.

34

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

MDA NORTH AMERICA

Net Sales Summary

Net sales for 2025 decreased 0.8% compared to 2024 primarily driven by lower volume and the unfavorable impact of product price/mix in Canada. Excluding the impact of foreign currency, net sales decreased 0.6% in 2025. Net sales for 2024 decreased 4.9% compared to 2023 primarily driven by the unfavorable impact of product price/mix.

Cost of Products Sold

Cost of products sold for 2025 increased 0.4% compared to 2024 primarily driven by the unfavorable impact of tariff cost, partially offset by cost take out. Cost of products sold for 2024 decreased 1.6% compared to 2023 primarily driven by lower volumes and cost productivity.

EBIT Summary

EBIT margin for 2025 was 4.9% compared to 6.5% for 2024. EBIT margin decreased primarily due to the unfavorable impact of tariff cost, partially offset by favorable cost take out. EBIT margin for 2024 was 6.5% compared to 9.4% for 2023. EBIT margin decreased primarily due to the unfavorable impact of product price/mix, partially offset by favorable cost productivity.

35

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

MDA LATIN AMERICA

Net Sales Summary

Net sales for 2025 decreased 6.5% compared to 2024 primarily driven by lower volume and the unfavorable impact of foreign currency. Excluding the impact of foreign currency, net sales decreased 2.4% in 2025. Net sales for 2024 increased 4.3% compared to 2023 primarily driven by increased volume, partially offset by the unfavorable impact of foreign currency.

Cost of Products Sold

Cost of products sold for 2025 decreased 5.2% compared to 2024 primarily driven by lower volume and favorable impact of cost productivity. Cost of products sold for 2024 increased 4.0% compared to 2023 primarily driven by increased volume, partially offset by the favorable impact of cost productivity.

EBIT Summary

EBIT margin for 2025 was 6.2% compared to 7.0% for 2024. EBIT margin decreased primarily due to lower volume and the unfavorable impact of foreign currency, partially offset by the favorable impact of cost productivity. EBIT margin for 2024 was 7.0% compared to 5.6% for 2023. EBIT margin increased primarily due to increased volume and the favorable impact of cost productivity partially offset by the unfavorable impact of product price/mix.

36

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

SDA Global

Net Sales Summary

Net sales for 2025 increased 9.4% compared to 2024 primarily due to the favorable impact of product price/mix. Excluding the impact of foreign currency, net sales increased 8.5% in 2025. Net sales for 2024 increased 4.4% compared to 2023 primarily due to increased volume, partially offset by the unfavorable impact of product price/mix.

Cost of Products Sold

Cost of products sold for 2025 increased 6.3% compared to 2024 primarily driven by the unfavorable impact of tariffs. Cost of products sold for 2024 increased 3.0% compared to 2023 primarily driven by increased volume, partially offset by cost productivity.

EBIT Summary

EBIT margin for 2025 was 16.0% compared to 14.3% for 2024. EBIT margin increased primarily due to favorable price/mix, partially offset by the unfavorable impact of tariffs and increased marketing spend. EBIT margin for 2024 was 14.3% compared to 14.3% for 2023. Increased volume was fully offset by the unfavorable impact of product price/mix and increased marketing spend.

37

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

MDA EUROPE

Net Sales, Cost of Products Sold, and EBIT

MDA Europe consisted of our European major domestic appliance business which was contributed to Beko Europe and deconsolidated as of April 1, 2024. Therefore, the Company had no net sales, Cost of Products Sold, or EBIT for MDA Europe during 2025. For additional information on the financial performance of MDA Europe for the three months ended March 31, 2024, see our Form 10-Q for the quarter then ended.

38

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

RESULTS OF OPERATIONS - (CONTINUED)

Selling, General and Administrative

The following table summarizes selling, general and administrative expenses as a percentage of sales:

December 31,
Millions of dollars2025As a % of Net Sales2024As a % of Net Sales2023As a % of Net Sales
Consolidated$1,63310.5%$1,68410.1%$1,99310.2%

Consolidated selling, general and administrative expenses as a percent of consolidated net sales in 2025 increased compared to 2024. This increase was primarily driven by lower consolidated net sales following the disposal of our European major domestic appliance business, which exceeded the corresponding reduction in SG&A expenses. Consolidated selling, general and administrative expenses as a percent of consolidated net sales in 2024 decreased compared to 2023. The decrease was primarily due to the disposal of our European major domestic appliance business on April 1, 2024.

Restructuring

We incurred restructuring charges of $63 million, $79 million and $16 million for the years ended December 31, 2025, 2024 and 2023, respectively.

For additional information, see Note 13 to the Consolidated Financial Statements.

Impairment of Goodwill and Other Intangibles

As a result of our 2025 annual impairment assessment, we recorde

[Excerpt truncated for page length; the complete text is on the linked full-MD&A page.]

Read the full FY 2025 MD&A or browse all MD&A years.

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