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 past five years, Whirlpool Corp’s revenue and gross profit trends highlight a mixed performance in a challenging economic environment. From 2020 to 2021, the company experienced healthy growth—with revenue increasing from USD 19,456 million to USD 21,985 million (an increase of roughly 13%), and gross profit rising from USD 3,850 million to USD 4,409 million (about a 14% jump). However, 2022 marked a sharp downturn; revenue dropped approximately 10% to USD 19,724 million and gross profit fell to USD 3,073 million. In 2023, while revenue and gross profit briefly edged back to USD 19,455 million and USD 3,170 million respectively, the figures declined further in 2024 to USD 16,607 million and USD 2,581 million, suggesting mounting pressure on the company’s top-line performance. Operating and net income figures provide additional insight into the volatility of Whirlpool’s financial health. Operating income surged from USD 1,623 million in 2020 to USD 2,348 million in 2021—an impressive 45% boost—before plummeting to a negative USD 1,056 million in 2022, a swing far exceeding 20% that reflects significant operational challenges. Similarly, net income increased by approximately 65% from USD 1,081 million in 2020 to USD 1,783 million in 2021, only to reverse into a loss of USD 1,519 million in 2022. Although there was a modest recovery in operating income (USD 1,015 million) and net income (USD 481 million) in 2023, 2024 once again saw a decline with operating income dropping to USD 143 million and a net loss of USD 323 million. Overall, while the early period display strength in leveraging operational efficiency, persistent fluctuations and significant losses in key years raise concerns about the sustainability of its current business model in a competitive home appliance industry.
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.