Cash flow generation remains highly volatile, with the current ratio plummeting to 0.52, indicating severe pressure on short-term liquidity despite occasional working capital inflows.
The Hain Celestial Group, Inc. (HAIN) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Cash from Operations | 78.27M | 22.11M | 116.36M | 66.82M | 80.24M | 196.76M | 151.17M | 41.27M | 107.22M | 216.62M | 206.57M | 185.48M | 184.77M | 120.96M | 121.96M | 58.66M | 71.03M | 21.63M | 24.49M | 66.43M | 52.54M | 34.97M | 30.8M | 21.94M | 22.59M | 22.84M | 10.56M | 8.3M | 600K | 3M | 1.3M |
| Operating CF Margin % | - | 1.42% | 6.7% | 3.72% | 4.24% | 9.99% | 7.36% | 1.96% | 4.73% | 9.24% | 8.63% | 7.11% | 8.77% | 6.97% | 8.85% | 5.29% | 7.98% | 1.93% | 2.32% | 7.38% | 7.11% | 5.64% | 5.66% | 4.7% | 5.71% | 5.53% | 2.62% | 2.63% | 0.29% | 4.59% | 1.9% |
| Operating CF Growth % | 1298.5% | -80.99% | 74.13% | -16.73% | -59.22% | 30.16% | 266.29% | -61.51% | -50.5% | 4.86% | 11.37% | 0.39% | 52.75% | -0.82% | 107.92% | -17.42% | 228.46% | -11.68% | -63.14% | 26.43% | 50.24% | 13.54% | 40.38% | -2.88% | -1.09% | 116.22% | 27.28% | 1283.33% | -80% | 130.77% | 208.33% |
| Net Income | -304.92M | -530.84M | -75.04M | -116.54M | 77.87M | 66.11M | 25.63M | -49.95M | 82.43M | 67.43M | 47.43M | 167.9M | 139.85M | 114.66M | 79.22M | 54.98M | 28.62M | -24.72M | 41.22M | 47.48M | 37.07M | 21.87M | 27.01M | 27.49M | 2.97M | 23.59M | -11.4M | 11M | 4.6M | 1.1M | 2.1M |
| Depreciation & Amortization | 50.66M | 44.26M | 44.66M | 50.78M | 41.45M | 49.57M | 52.09M | 56.91M | 60.81M | 68.7M | 65.62M | 56.59M | 48.04M | 40.09M | 30.46M | 24.12M | 18.77M | 21.35M | 19.98M | 15.69M | 12.55M | 13.84M | 9.76M | 8.62M | 8.36M | 12.84M | 11.76M | 4.8M | 2M | 1.4M | 1.3M |
| Stock-Based Compensation | 4.33M | 8.15M | 12.7M | 14.42M | 0 | 15.66M | 13.08M | 9.93M | 11.18M | 9.66M | 12.69M | 12.2M | 12.45M | 13.01M | 8.29M | 9.03M | 955K | 7.21M | -1.87M | 1.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -8.45M | 0 | 0 | 0 | 9.02M | 9.88M | 36.16M | -25.79M | -21.5M | -10.46M | 33.09M | -11.6M | -1.35M | -7.4M | 1.64M | 7.68M | 4.05M | -2.6M | 3.5M | 10.88M | 5.05M | -644K | 3.97M | 7.86M | -237K | 7.3M | 4.37M | 3.5M | 600K | 100K | 0 |
| Other Non-Cash Items | 277.8M | 474.26M | 110.71M | 105.19M | 15.62M | 52.36M | 28.03M | 27.35M | 6.57M | 40.78M | 136.29M | -3.99M | -2.87M | 7.71M | 2.01M | -9K | 10.7M | 46.25M | 633K | 906K | 4.24M | 16.86M | 810K | 149K | 15.4M | 439K | 5.64M | 100K | 200K | 300K | 100K |
| Working Capital Changes | 58.84M | 26.28M | 23.32M | 12.97M | -63.72M | 3.18M | -3.83M | 22.81M | -32.26M | 40.51M | -88.54M | -35.6M | -11.35M | -47.11M | 333K | -37.16M | 7.94M | -25.87M | -38.97M | -9.56M | -7.51M | -16.95M | -10.75M | -22.18M | -3.91M | -21.32M | -3.29M | -11.1M | -6.9M | 100K | -2.1M |
| Change in Receivables | 35.81M | 25.2M | -18.96M | 13.07M | -5.35M | -2.89M | 33.86M | 21.19M | -24.84M | 27.68M | -12.89M | -31.85M | 967K | -47.75M | -4.32M | -22.55M | 4.59M | -7.89M | -13.33M | -9.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 72.93M | -3.35M | 31.47M | 189K | -25.27M | -38.52M | 33.24M | 20.65M | -45.04M | -20.97M | -15.74M | -21.1M | -22.77M | -28.34M | -5.6M | -5.68M | 5.86M | -26.62M | -31.34M | -9.79M | -9.84M | 496K | -11.44M | -2.74M | -9.18M | 848K | -8.61M | -4M | -2.2M | 900K | 1.2M |
| Change in Payables | 4.73M | 0 | 0 | 0 | -19.94M | -10.36M | -31.57M | -16.97M | 49.29M | 6.81M | -40.66M | 13.61M | 18.98M | 45.76M | 12.49M | 4.46M | -15.22M | 11.67M | 12.94M | 9.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 81.95M | 3.62M | -23.92M | -19.64M | -288.31M | -2.36M | 252.46M | -32.04M | -93.27M | -76.25M | -234.34M | -151.3M | -206.24M | -406.14M | -270.66M | -55.48M | -62.76M | 3.21M | -116.09M | -139.71M | -100.56M | -20.99M | -60.65M | -66.69M | -34.91M | -50.66M | -7.39M | -96.2M | -25.2M | -800K | -10M |
| Capital Expenditures | -20.61M | -25.28M | -33.46M | -27.88M | -39.97M | -71.55M | -60.89M | -77.13M | -70.89M | -63.12M | -77.28M | -51.22M | -41.61M | -72.88M | -20.43M | -11.49M | -11.43M | -12.99M | -122.02M | -149.26M | -98.96M | -9.89M | -9.92M | -9.16M | -21.34M | -13.47M | -4.3M | -96.2M | -25.2M | -100K | -200K |
| CapEx % of Revenue | 1.52% | 1.62% | 1.93% | 1.55% | 2.11% | 3.63% | 2.96% | 3.66% | 3.13% | 2.69% | 3.23% | 1.96% | 1.97% | 4.2% | 1.48% | 1.04% | 1.28% | 1.16% | 11.55% | 16.58% | 13.4% | 1.6% | 1.82% | 1.96% | 5.39% | 3.26% | 1.07% | 30.46% | 12.2% | 0.15% | 0.29% |
| Acquisitions | 100.99M | 0 | 0 | 0 | -247.65M | 58.79M | 15.77M | 7.14M | -12.37M | -19.54M | -157.06M | -104.63M | -177.29M | -337.41M | -257.26M | -45.34M | -51.41M | -1.02M | 3.03M | 8.16M | 0 | -11.1M | -50.73M | -57.53M | -13.57M | -37.18M | -4.67M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.58M | 28.9M | 9.54M | 8.24M | 0 | 10.39M | 297.59M | 37.94M | -10.01M | 6.42M | -29.37M | 1.7M | 8.29M | 4.16M | 7.03M | 1.62M | 85K | 17.22M | 2.89M | 1.39M | 0 | 0 | 0 | 0 | 0 | 0 | 1.58M | 0 | 0 | -700K | -9.8M |
| Cash from Financing | -151.11M | -43.89M | -89.73M | -63.06M | 212.79M | -162.44M | -404.28M | -80.62M | -48.12M | -118.2M | 69K | 17.17M | 100.82M | 296.14M | 147.42M | 7.13M | -32.38M | -39.74M | 91.92M | 83.61M | 72.62M | -14.71M | 48.87M | 49.17M | -6.51M | 16.13M | 33.98M | 88M | 24.9M | -2.3M | 8.8M |
| Debt Issued (Net) | -150.77M | -43.02M | -88.1M | -61.65M | 655.93M | -52.09M | -347.96M | -75.96M | -41.43M | -110.4M | 16.08M | -5.9M | 101.1M | 275.83M | 160.53M | 4.08M | -33.49M | -47.2M | 89.87M | 64.06M | 55.24M | -16.46M | 31.74M | 52.83M | -3.27M | 3.82M | -135.68M | 82.27M | 11.4M | -2M | 6.8M |
| Equity Issued (Net) | 0 | -1.41M | -1.63M | -1.42M | -410.48M | -106.07M | -60.22M | -3.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.42M | 18.41M | 15.1M | 1.78M | 18.68M | -3.66M | -2.53M | 13.69M | 169.69M | 4.49M | 24.6M | -700K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -1.41M | -1.63M | -1.42M | -410.48M | -106.07M | -60.22M | -3.53M | -7.19M | -8.27M | -25.54M | -18.06M | -10.02M | -8.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.46M | -1.13M | -4.28M | -3.6M | 0 | 0 | 0 | 0 | -800K | 0 |
| Other Financing | -348K | 552K | 0 | 0 | -32.66M | -4.28M | 3.9M | -1.13M | -6.69M | -7.8M | -16.01M | 23.07M | -277K | 20.3M | -13.11M | 3.06M | 1.11M | 7.47M | -360K | 1.14M | 2.27M | -34K | -1.54M | 0 | -708K | -1.37M | -26K | -2.43M | -1M | 400K | 2M |
| Net Change in Cash | 3.72M | 48K | 943K | -12.15M | -10.36M | 38.1M | -1.75M | -73.49M | -33.98M | 19.07M | -39M | 43.17M | 82.49M | 11.37M | 2.38M | 10.25M | -24.14M | -17.11M | -2M | 11.64M | 24.74M | -3.35M | 16.5M | 3.45M | -19.11M | -11.66M | 37.16M | 0 | 24.9M | -2.3M | 8.8M |
| Free Cash Flow | 57.66M | -3.17M | 82.89M | 38.94M | 40.28M | 125.21M | 90.27M | -35.86M | 36.33M | 153.5M | 129.29M | 134.26M | 143.16M | 48.09M | 101.53M | 47.17M | 59.6M | 8.63M | -97.53M | -82.83M | -46.41M | 25.08M | 20.88M | 12.78M | 1.25M | 9.37M | 6.27M | -87.9M | -24.6M | 2.9M | 1.1M |
| FCF Margin % | 4.26% | -0.2% | 4.77% | 2.17% | 2.13% | 6.35% | 4.4% | -1.7% | 1.6% | 6.55% | 5.4% | 5.15% | 6.79% | 2.77% | 7.37% | 4.25% | 6.7% | 0.77% | -9.23% | -9.2% | -6.28% | 4.05% | 3.84% | 2.74% | 0.32% | 2.27% | 1.55% | -27.83% | -11.91% | 4.43% | 1.6% |
| FCF Growth % | 1919.38% | -103.82% | 112.88% | -3.32% | -67.83% | 38.7% | 351.74% | -198.7% | -76.33% | 18.73% | -3.7% | -6.21% | 197.72% | -52.64% | 115.26% | -20.86% | 590.24% | 108.85% | -17.75% | -78.45% | -285.05% | 20.11% | 63.35% | 921.9% | -86.64% | 49.49% | 107.13% | -257.32% | -948.28% | 163.64% | 168.75% |
| FCF per Share | 0.63 | -0.04 | 0.92 | 0.44 | 0.43 | 1.24 | 0.87 | -0.34 | 0.35 | 1.47 | 1.24 | 1.30 | 1.43 | 0.51 | 1.11 | 0.53 | 0.72 | 0.11 | -1.17 | -1.01 | -0.60 | 0.34 | 0.27 | 0.17 | 0.02 | 0.14 | 0.11 | -1.65 | -1.03 | 0.16 | 0.06 |
| FCF Conversion (FCF/Net Income) | -0.19x | -0.04x | -1.55x | -0.57x | 1.03x | 2.54x | -1.88x | -0.23x | 11.06x | 3.21x | 4.36x | 1.12x | 1.42x | 1.05x | 1.54x | 1.07x | 2.48x | -0.87x | 0.59x | 1.40x | 1.44x | 1.45x | 1.14x | 0.80x | 7.60x | 0.97x | -0.62x | 0.61x | 0.06x | 2.73x | 0.62x |
| Interest Paid | 13.6M | 46.27M | 52.46M | 41.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying HAIN stock.
The Hain Celestial Group, Inc. (HAIN) generated $22.1M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
The Hain Celestial Group, Inc. (HAIN) reported negative free cash flow of $3.2M in 2025, indicating capital requirements exceeded cash from operations.
The Hain Celestial Group, Inc. (HAIN) spent $25.3M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, The Hain Celestial Group, Inc. (HAIN) spent $1.4M on share repurchases. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
Persistent cash flow volatility
Metrics are mathematically derived from official filings.
Earnings Quality Masked by Impairments
According to quarterly financial data, HAIN consistently reports negative net income while maintaining positive operating cash flow, with the OCF/NI ratio frequently showing extreme divergence, such as the -0.36 figure observed in 2026Q3, highlighting a significant disconnect between accounting losses and actual cash generation.
The persistent gap between net income and operating cash flow suggests that headline losses are heavily influenced by non-cash charges, likely related to asset impairments or restructuring costs. Investors should monitor whether this cash-flow-positive trend can be sustained as the company continues its portfolio simplification strategy.
Free Cash Flow Margin Instability
Based on reported figures, HAIN's free cash flow trajectory remains highly erratic, swinging from a peak margin of 10.2% in 2026Q3 to a low of -4.2% in 2025Q1, indicating that the company struggles to maintain consistent cash conversion across its fragmented brand portfolio.
The volatility in FCF margins reflects the difficulty of managing a business undergoing significant structural changes while facing top-line pressure. This inconsistency suggests that the company's cash-generating ability is currently more dependent on working capital management than on stable, recurring operational profitability.
Capital Intensity Remains Relatively Low
As reported in recent filings, HAIN maintains a modest capital intensity, with CapEx/Revenue ratios consistently hovering between 1.1% and 2.7% over the last ten quarters, suggesting that the business model does not require heavy reinvestment in physical assets to support its current operational footprint.
The relatively low capital expenditure requirements may provide a small buffer for the company during its turnaround phase. However, investors should investigate whether this level of spending is sufficient to maintain the quality and competitiveness of its manufacturing facilities over the long term.
Working Capital Volatility Drives Cash
Analysis of quarterly statements reveals that working capital fluctuations are a primary driver of cash flow, with significant swings such as the $35.6 million inflow in 2026Q3, which appears to be the primary mechanism offsetting the company's underlying operational challenges and negative net income.
Reliance on working capital management to generate cash flow may indicate that the company is aggressively managing payables or liquidating inventory to support liquidity. This strategy warrants further investigation, as it may not be a sustainable substitute for organic growth in cash from operations.