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Whirlpool WHR United States Pension Benefits — Operating loss carryforwards

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Other financials

Income statement

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Revenue$3.3B-9.6%
Gross profit$415.0M-31.6%
Operating income$18.0M-90.2%
Net income-$82.0M-215%
EPS (diluted)-$1.43-212%

Balance sheet

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Cash & equivalents$626.0M-38.9%
Total debt$6.5B+5.8%
Total equity$3.8B+47.1%
Total assets$16.2B-2.0%

Cash flow

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Operating cash flow-$827.0M-14.7%
CapEx$68.0M-5.6%
Free cash flow-$895.0M-12.9%

Valuation

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Market cap$2.82B-38.6%
Enterprise value$8.72B-24.5%
P/E17.2×-562×
P/S0.2×-0.1×

Profitability

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Gross margin14.5%-1.7pp
Operating margin4.4%
Net margin1.1%+1.0pp
FCF margin-0.1%

Returns & leverage

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Return on equity5.2%+4.9pp
Debt / equity1.7×-0.7×
Current ratio0.9×+0.2×

Where this comes from

Reported directly by Whirlpool in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: Whirlpool’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000106640-26-000009

At December 31, 2025, we had net operating loss carryforwards of $4.1 billion, $1.5 billion of which were U.S. state net operating loss carryforwards, compared to $3.8 billion and $1.2 billion at December 31, 2024, respectively. The increase in net operating loss carryforwards was primarily driven by operating losses in certain jurisdictions in 2025. Of the total net operating loss carryforwards at December 31, 2025, $0.9 billion do not expire, with substantially all of the remaining carryforwards expiring in various years through 2045. At December 31, 2025, we had $424 million of United States general business credit carryforwards available to offset future payments of federal income taxes, expiring between 2032 and 2045.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Whirlpool's united states pension benefits — operating loss carryforwards?
Whirlpool (WHR) reported united states pension benefits — operating loss carryforwards of $1.5B in Q4 2025.
How has Whirlpool's united states pension benefits — operating loss carryforwards changed year-over-year?
Whirlpool's united states pension benefits — operating loss carryforwards increased by 25.0% year-over-year, from $1.2B to $1.5B.
What does united states pension benefits — operating loss carryforwards mean?
This metric represents the accumulated tax losses within the United States pension benefits segment that can be utilized to offset future taxable income. It serves as a deferred tax asset that reflects the company's ability to reduce future tax liabilities based on past financial performance within this specific benefit structure. Monitoring this figure helps investors assess the potential for future tax savings and the historical financial volatility of the pension plan.

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