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Ashland vs Hawkins: ASH and HWKN compared
Ashland is the larger company: $498M of revenue in its latest quarter (Q4 FY26) against $314M for Hawkins (Q2 FY27). Hawkins is growing faster (+12% against +4% a year earlier). Hawkins is more profitable, with an operating margin of 13.4% against 5.8%.
Where the money goes: ASH and HWKN
Ashland (ASH) · Q4 FY26
Ashland, Q4 FY26: revenue $498M (+4% year over year), operating margin 5.8%, net loss $16.0M. The chart follows the revenue to costs, profit and cash.
Hawkins (HWKN) · Q2 FY27
Hawkins, Q2 FY27: revenue $314M (+12% year over year), operating margin 13.4%, net earnings $27.8M, operating cash flow $40.3M. The chart follows the revenue to costs, profit and cash.
| Ashland (ASH) | Hawkins (HWKN) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 FY27 |
| Revenue | $498M | $314M |
| Revenue growth, Y/Y | +4% | +12% |
| Gross margin | — | 24.4% |
| Operating margin | 5.8% | 13.4% |
| Net earnings | −$16.0M | $27.8M |
| Net margin | -3.2% | 8.9% |
| Operating cash flow | — | $40.3M |
| Free cash flow | — | $29.6M |
| Market value | $3.5B | $2.8B |
| P/E | 47.0× | 32.1× |
| Analysts’ mean target | $80.73 | $176.75 |
Where the revenue comes from
Hawkins
- Manufactured, blended or repackaged products: $201M (64%)
- Nutrition: $35.8M (11%)
- Bulk products: $32.1M (10%)
- Food: $25.3M (8%)
Questions
Which is bigger, Ashland or Hawkins?
Ashland is the larger company: $498M of revenue in its latest quarter (Q4 FY26) against $314M for Hawkins (Q2 FY27).
Is Ashland or Hawkins growing faster?
Hawkins is growing faster (+12% against +4% a year earlier).
Which is more profitable, Ashland or Hawkins?
Hawkins is more profitable, with an operating margin of 13.4% against 5.8%.
More: Ashland earnings · how Ashland makes money · Hawkins earnings · how Hawkins makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Nov 3, 2026; 10-Q filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.