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How Hawkins (HWKN) makes money

Hawkins (HWKN) made $314M of revenue in the second quarter fiscal 2027 (Q2 FY27), +12% from a year earlier. Manufactured, blended or repackaged products brought in $201M (64%); Nutrition brought in $35.8M (11%); Bulk products brought in $32.1M (10%). Of every dollar of revenue, 24¢ was left as gross profit, 13¢ was left as operating profit, 9¢ was left as net earnings.

Drawing the Sankey…

Hawkins revenue by segment, Q2 FY27Hawkins revenue by segment, Q2 FY27Manufactured, blended or repackag…$201MNutrition$35.8MBulk products$32.1MFood$25.3MAgricultural$7.4MPharmaceutical$7.1MOther$5.2M
Hawkins: revenue by line, Q1 FY26 to Q2 FY27Hawkins: revenue by line, Q1 FY26 to Q2 FY27Manufactured, blended…NutritionBulk productsFoodAgriculturalPharmaceuticalOtherManufactured, blended or repackaged products: $201M latest$201MNutrition: $35.8M latest$35.8MBulk products: $32.1M latest$32.1MFood: $25.3M latest$25.3MAgricultural: $7.4M latestPharmaceutical: $7.1M latestOther: $5.2M latestQ1 FY26Q2 FY26Q3 FY26Q1 FY27Q2 FY27
Agricultural went from 7% of revenue in Q1 FY26 to 2% in Q2 FY27, the largest shift in the mix.
Hawkins revenue by quarterHawkins revenue by quarter$245MQ4 FY25$293MQ1 FY26$280MQ2 FY26$244MQ3 FY26$266MQ4 FY26$316MQ1 FY27$314MQ2 FY27
Hawkins: where each dollar of revenue goesHawkins: where each dollar of revenue goesCost of revenue76¢Gross profit24¢Operating expenses11¢Operating profit13¢Income tax4¢Net earnings9¢Operating cash flow13¢Free cash flow9¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Manufactured, blended or repackaged products$201M64.0%+8%+11%
Nutrition$35.8M11.4%-3%+7%
Bulk products$32.1M10.2%+11%+34%
Food$25.3M8.1%+4%+3%
Agricultural$7.4M2.4%-73%-3%
Pharmaceutical$7.1M2.2%+1%+6%
Other$5.2M1.7%+13%+67%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$314M100.0%
Cost of revenue$237M75.6%
Gross profit$76.6M24.4%
Operating expenses$34.7M11.1%
Operating profit$41.9M13.4%
Income tax$11.7M3.7%
Net earnings$27.8M8.9%
Operating cash flow$40.3M12.9%
Free cash flow$29.6M9.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$314M+12%
Q1 FY27$316M+8%
Q4 FY26$266M+8%
Q3 FY26$244M+8%
Q2 FY26$280M+14%
Q1 FY26$293M+15%
Q4 FY25$245M+10%

From Hawkins' 10-Q filed Oct 26, 2026 (on EDGAR).

Questions

How does Hawkins make money?

Hawkins (HWKN) made $314M of revenue in the second quarter fiscal 2027 (Q2 FY27), +12% from a year earlier. Manufactured, blended or repackaged products brought in $201M (64%); Nutrition brought in $35.8M (11%); Bulk products brought in $32.1M (10%). Of every dollar of revenue, 24¢ was left as gross profit, 13¢ was left as operating profit, 9¢ was left as net earnings.

What is Hawkins' biggest business?

Manufactured, blended or repackaged products: $201M in the second quarter fiscal 2027, 64% of revenue, +11% from a year earlier.

What is Hawkins' profit margin?

Net earnings were $27.8M, 8.9% of revenue, in the second quarter fiscal 2027; the operating margin was 13.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.