Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $19,456 | $21,985 | $19,724 | $19,455 | $16,607 |
| Gross Profit | $3,850 | $4,409 | $3,073 | $3,170 | $2,581 |
| Operating Income | $1,623 | $2,348 | -$1,056 | $1,015 | $143 |
| Net Income | $1,081 | $1,783 | -$1,519 | $481 | -$323 |
Over the five-year period, Whirlpool Corp’s revenue and profit metrics exhibit notable fluctuations that signal both periods of strong performance and subsequent declines. Revenue increased from USD 19,456 million in 2020 to a peak of USD 21,985 million in 2021 (approximately a 13% increase), reflecting a robust period for the company. However, revenue slid to USD 19,724 million in 2022, remained relatively flat in 2023 at USD 19,455 million, then declined further to USD 16,607 million in 2024—a significant drop of about 15% from 2023. Gross profit followed a similar trend, rising from USD 3,850 million in 2020 to USD 4,409 million in 2021, only to fall sharply by roughly 30% to USD 3,073 million in 2022, before a modest rebound in 2023 and another decline in 2024. Operating income and net income experienced even more pronounced volatility. Operating income surged from USD 1,623 million in 2020 to USD 2,348 million in 2021 (a notable 45% increase), then plunged into negative territory at USD -1,056 million in 2022—a swing exceeding 140% relative to the prior period. Although there was a recovery to USD 1,015 million in operating income in 2023, the metric fell once more to a marginal USD 143 million in 2024. Net income displays a similar pattern, with a strong increase from USD 1,081 million in 2020 to USD 1,783 million in 2021 before turning negative (USD -1,519 million in 2022). A partial recovery occurred in 2023 (USD 481 million), followed by another decline in 2024 (USD -323 million). This volatility suggests that while Whirlpool experienced periods of operational strength, the underlying challenges—potentially driven by market conditions, cost pressures, or operational inefficiencies—have impacted profitability. Overall, despite periods of recovery, the recurring significant swings in margins raise concerns about financial sustainability and the company’s ability to stabilize its earnings in a competitive, cyclical consumer durables market.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.