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Winnebago Industries (WGO) Financials

Winnebago Industries logo
$31.16 0.00 (-0.01%)
Closing price 07/2/2026 03:59 PM Eastern
Extended Trading
$31.16 +0.00 (+0.01%)
As of 07/2/2026 05:52 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Winnebago Industries

Annual Income Statements for Winnebago Industries

This table shows Winnebago Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024 8/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 41 45 71 102 112 61 282 391 216 13 26
Consolidated Net Income / (Loss)		 41 45 71 102 112 61 282 391 216 13 26
Net Income / (Loss) Continuing Operations		 41 45 71 102 112 61 282 391 216 13 26
Total Pre-Tax Income 		60 66 109 143 139 77 368 515 279 38 30
Total Operating Income		 59 66 125 160 155 114 407 584 301 100 57
Total Gross Profit		 105 113 223 300 307 313 650 929 586 434 365
Total Revenue		 977 975 1,547 2,017 1,986 2,356 3,630 4,958 3,491 2,974 2,798
Operating Revenue		 977 975 1,547 2,017 1,986 2,356 3,630 4,958 3,491 2,974 2,798
Total Cost of Revenue		 872 863 1,325 1,717 1,678 2,043 2,979 4,028 2,905 2,540 2,433
Operating Cost of Revenue		 872 863 1,325 1,717 1,678 2,043 2,979 4,028 2,905 2,540 2,433
Total Operating Expenses		 45 47 97 139 152 199 243 346 285 333 308
Selling, General & Admin Expense		 30 33 98 130 142 177 229 316 268 280 286
Amortization Expense		 0.00 0.00 25 9.33 9.64 22 14 29 18 23 22
Impairment Charge		 - - - - - - - 0.00 0.00 30 0.00
Total Other Income / (Expense), net		 0.12 0.46 -17 -18 -16 -36 -40 -69 -22 -62 -27
Interest Expense		 0.00 0.00 17 18 18 37 40 41 21 21 26
Other Income / (Expense), net		 0.12 0.46 0.33 0.49 1.58 0.97 0.50 -28 -1.00 -41 -1.20
Income Tax Expense		 18 21 37 40 27 16 86 124 63 25 4.40
Basic Earnings per Share		 $1.53 $1.69 $2.33 $3.24 $3.55 $1.85 $8.41 $12.03 $7.12 $0.44 $0.91
Weighted Average Basic Shares Outstanding		 26.94M 26.93M 30.65M 31.60M 31.54M 33.24M 33.50M 32.50M 30.30M 29.20M 28.20M
Diluted Earnings per Share		 $1.52 $1.68 $2.32 $3.22 $3.52 $1.84 $8.28 $11.84 $6.23 $0.44 $0.91
Weighted Average Diluted Shares Outstanding		 27.05M 27.03M 30.77M 31.81M 31.72M 33.45M 34.10M 33M 35.40M 29.50M 28.30M
Weighted Average Basic & Diluted Shares Outstanding		 26.90M 26.90M 30.60M 31.60M 31.63M 33.76M 33.46M 30.51M 29.89M 28.92M 28.21M
Cash Dividends to Common per Share		 $0.36 $0.40 $0.40 $0.40 $0.43 $0.45 $0.66 $0.81 $1.12 $1.27 $1.37

Quarterly Income Statements for Winnebago Industries

This table shows Winnebago Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/25/2023 2/24/2024 5/25/2024 8/31/2024 11/30/2024 3/1/2025 5/31/2025 8/30/2025 11/29/2025 2/28/2026 5/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 26 -13 29 -29 -5.20 -0.40 18 14 5.50 4.80 15
Consolidated Net Income / (Loss)		 26 -13 29 -29 -5.20 -0.40 18 14 5.50 4.80 15
Net Income / (Loss) Continuing Operations		 26 -13 29 -29 -5.20 -0.40 18 14 5.50 4.80 15
Total Pre-Tax Income 		34 -5.60 36 -26 -6.70 -0.40 24 13 8.40 5.40 18
Total Operating Income		 39 35 44 -18 -0.90 7.80 30 20 14 12 23
Total Gross Profit		 116 105 118 94 77 83 106 99 89 86 95
Total Revenue		 763 704 786 721 626 620 775 777 703 657 699
Operating Revenue		 763 704 786 721 626 620 775 777 703 657 699
Total Cost of Revenue		 647 598 668 627 549 537 669 678 614 572 604
Operating Cost of Revenue		 647 598 668 627 549 537 669 678 614 572 604
Total Operating Expenses		 77 70 75 112 78 75 76 79 75 74 72
Selling, General & Admin Expense		 71 64 69 76 72 70 70 74 70 68 67
Amortization Expense		 5.60 5.70 5.60 6.10 5.60 5.60 5.50 5.40 5.40 5.40 5.40
Total Other Income / (Expense), net		 -4.70 -41 -8.00 -8.10 -5.80 -8.20 -6.30 -6.80 -5.40 -6.40 -5.00
Interest Expense		 4.10 5.30 5.80 5.90 5.80 6.80 6.70 6.60 5.50 5.80 5.00
Other Income / (Expense), net		 -0.60 -36 -2.20 -2.20 0.00 -1.40 0.40 -0.20 0.10 -0.60 0.00
Income Tax Expense		 8.60 7.10 6.50 3.20 -1.50 0.00 6.30 -0.40 2.90 0.60 3.50
Basic Earnings per Share		 $0.87 ($0.43) $0.99 ($0.99) ($0.18) ($0.02) $0.63 $0.48 $0.19 $0.17 $0.51
Weighted Average Basic Shares Outstanding		 29.60M 29.20M 29.20M 29.20M 28.60M 28.10M 28M 28.20M 28.20M 28.20M 28.30M
Diluted Earnings per Share		 $0.78 ($0.43) $0.96 ($0.87) ($0.18) ($0.02) $0.62 $0.49 $0.19 $0.17 $0.51
Weighted Average Diluted Shares Outstanding		 34.70M 29.20M 30.40M 29.50M 28.60M 28.10M 28.40M 28.30M 28.30M 28.50M 28.40M
Weighted Average Basic & Diluted Shares Outstanding		 29.24M 29.27M 28.95M 28.92M 28.40M 28.03M 28.03M 28.21M 28.22M 28.27M 28.27M

Annual Cash Flow Statements for Winnebago Industries

This table details how cash moves in and out of Winnebago Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024 8/30/2025
Net Change in Cash & Equivalents		 12 15 -50 -34 35 255 142 -152 28 21 -157
Net Cash From Operating Activities		 45 53 97 83 134 270 237 401 295 144 129
Net Cash From Continuing Operating Activities		 45 53 97 83 134 270 237 401 295 144 129
Net Income / (Loss) Continuing Operations		 41 45 71 102 112 61 282 391 216 13 26
Consolidated Net Income / (Loss)		 41 45 71 102 112 61 282 391 216 13 26
Depreciation Expense		 4.51 5.75 7.32 9.85 14 16 18 24 29 36 39
Amortization Expense		 0.00 0.00 26 12 11 29 17 32 21 26 25
Non-Cash Adjustments To Reconcile Net Income		 7.19 4.45 4.70 11 9.32 12 32 70 -1.30 68 24
Changes in Operating Assets and Liabilities, net		 -7.73 -2.94 -12 -51 -12 151 -112 -116 30 0.90 16
Net Cash From Investing Activities		 -17 -23 -405 -112 -39 -293 -33 -316 -170 -46 -35
Net Cash From Continuing Investing Activities		 -17 -23 -405 -112 -39 -293 -33 -316 -170 -46 -35
Purchase of Property, Plant & Equipment		 -17 -25 -14 -29 -41 -32 -45 -88 -83 -45 -39
Acquisitions		 0.00 0.00 -392 -81 -0.70 -261 0.00 -228 -88 0.00 0.00
Sale of Property, Plant & Equipment		 - - 0.22 0.34 0.15 0.00 13 0.20 0.40 0.40 2.20
Other Investing Activities, net		 0.06 1.16 0.86 -2.23 2.48 0.27 -0.60 0.30 0.30 -1.30 2.40
Net Cash From Financing Activities		 -16 -14 259 -5.19 -60 278 -62 -237 -97 -77 -251
Net Cash From Continuing Financing Activities		 -16 -14 259 -5.19 -60 278 -62 -237 -97 -77 -251
Repayment of Debt		 -22 -0.05 -94 -207 -930 -2,464 -3,626 -4,735 -3,718 -2,674 -207
Repurchase of Common Equity		 -6.52 -3.07 -1.53 -6.48 -8.17 -1.84 -48 -214 -55 -75 -54
Payment of Dividends		 -9.77 -11 -13 -13 -14 -15 -16 -24 -33 -37 -39
Issuance of Debt		 22 0.00 366 221 893 2,787 3,628 4,736 3,718 2,684 49
Other Financing Activities, net		 - - - 0.00 0.00 -71 0.00 0.00 -8.70 25 0.00
Cash Interest Paid		 0.01 0.00 12 17 15 17 24 24 24 29 30
Cash Income Taxes Paid		 18 18 21 26 37 3.67 89 140 58 14 2.50

Quarterly Cash Flow Statements for Winnebago Industries

This table details how cash moves in and out of Winnebago Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/25/2023 2/24/2024 5/25/2024 8/31/2024 11/30/2024 3/1/2025 5/31/2025 8/30/2025 11/29/2025 2/28/2026 5/30/2026
Net Change in Cash & Equivalents		 -90 46 52 13 -68 -147 -105 164 7.70 -134 9.70
Net Cash From Operating Activities		 -21 25 99 41 -17 -11 -25 181 25 -25 26
Net Cash From Continuing Operating Activities		 -21 25 99 41 -17 -10 -26 181 25 -25 26
Net Income / (Loss) Continuing Operations		 26 -13 29 -29 -5.20 -0.40 18 14 5.50 4.80 15
Consolidated Net Income / (Loss)		 26 -13 29 -29 -5.20 -0.40 18 14 5.50 4.80 15
Depreciation Expense		 8.10 8.50 8.90 10 9.70 9.40 9.60 9.80 9.80 9.60 9.40
Amortization Expense		 6.40 6.50 6.40 6.90 6.40 6.40 6.20 6.10 6.10 6.00 6.00
Non-Cash Adjustments To Reconcile Net Income		 5.50 37 -12 38 5.30 7.30 2.20 8.90 6.10 6.00 3.70
Changes in Operating Assets and Liabilities, net		 -67 -14 67 15 -33 -33 -61 143 -2.10 -51 -8.00
Net Cash From Investing Activities		 -15 -11 -11 -9.50 -8.00 -7.20 -10 -9.30 -5.50 -0.30 -5.50
Net Cash From Continuing Investing Activities		 -15 -11 -11 -9.50 -8.00 -7.20 -10 -9.30 -5.50 -0.30 -5.50
Purchase of Property, Plant & Equipment		 -12 -11 -11 -11 -10 -8.40 -11 -10 -5.60 -4.30 -6.90
Sale of Property, Plant & Equipment		 - - - 0.10 - - - 0.10 - - 1.40
Net Cash From Financing Activities		 -54 32 -36 -18 -44 -129 -69 -8.60 -12 -109 -10
Net Cash From Continuing Financing Activities		 -54 32 -36 -18 -44 -129 -69 -8.60 -12 -109 -10
Repayment of Debt		 -781 -1,046 -848 0.80 0.10 -100 -75 -32 -0.20 -102 -0.40
Payment of Dividends		 -9.60 -9.10 -9.10 -9.00 -10 -9.60 -9.50 -9.60 -10 -9.80 -10
Cash Interest Paid		 2.50 11 0.70 15 0.70 16 0.70 12 0.20 13 0.30
Cash Income Taxes Paid		 0.00 11 1.80 1.80 -0.10 1.70 0.70 0.20 -0.10 1.50 0.70

Annual Balance Sheets for Winnebago Industries

This table presents Winnebago Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024 8/30/2025
Total Assets		 362 391 903 1,052 1,104 1,714 2,063 2,417 2,432 2,384 2,154
Total Current Assets		 266 281 314 372 411 714 1,059 1,094 997 989 792
Cash & Equivalents		 70 86 36 2.34 37 293 435 282 310 331 174
Accounts Receivable		 67 66 125 165 158 221 254 254 179 184 192
Inventories, net		 112 123 142 195 201 183 341 526 471 439 396
Prepaid Expenses		 6.88 6.30 11 9.88 14 17 29 32 38 36 30
Plant, Property, & Equipment, net		 37 56 72 101 128 175 191 276 327 339 333
Total Noncurrent Assets		 59 54 517 579 566 825 812 1,047 1,108 1,057 1,029
Goodwill		 1.23 1.20 243 274 275 348 348 484 515 484 484
Intangible Assets		 - 0.00 228 266 256 405 390 472 502 479 457
Other Noncurrent Operating Assets		 35 34 33 39 35 72 74 90 92 93 88
Total Liabilities & Shareholders' Equity		 362 391 903 1,052 1,104 1,714 2,063 2,417 2,432 2,384 2,154
Total Liabilities		 141 122 461 517 472 886 1,006 1,154 1,064 1,111 930
Total Current Liabilities		 82 93 167 204 198 300 407 522 396 405 327
Accounts Payable		 33 44 79 81 82 132 180 218 147 145 129
Accrued Expenses		 22 23 44 63 69 100 122 198 176 130 127
Dividends Payable		 - - - - - - 11 13 14 15 13
Current Employee Benefit Liabilities		 18 20 25 29 20 37 68 72 36 36 41
Other Current Liabilities		 6.24 5.81 6.12 12 14 22 19 21 23 20 16
Total Noncurrent Liabilities		 60 29 294 313 274 586 598 632 668 706 603
Long-Term Debt		 - 0.00 272 291 245 513 529 546 592 637 541
Noncurrent Deferred & Payable Income Tax Liabilities		 2.51 2.46 1.61 6.20 16 22 20 12 18 8.40 11
Noncurrent Employee Benefit Liabilities		 57 27 19 15 13 11 9.55 8.10 7.90 6.60 5.10
Other Noncurrent Operating Liabilities		 - 0.00 1.08 0.25 0.37 40 40 66 50 54 46
Commitments & Contingencies		 0.00 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 221 268 442 534 632 827 1,057 1,263 1,368 1,273 1,225
Total Preferred & Common Equity		 221 268 442 534 632 827 1,057 1,263 1,368 1,273 1,225
Preferred Stock		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 221 268 442 534 632 827 1,057 1,263 1,368 1,273 1,225
Common Stock		 58 59 106 112 117 230 244 282 224 220 229
Retained Earnings		 586 621 679 769 867 914 1,173 1,538 1,748 1,723 1,710
Treasury Stock		 -421 -422 -343 -347 -351 -315 -360 -556 -603 -670 -714
Accumulated Other Comprehensive Income / (Loss)		 -2.27 11 -1.02 0.89 -0.49 -0.53 -0.49 -0.50 -0.40 -0.40 -0.40

Quarterly Balance Sheets for Winnebago Industries

This table presents Winnebago Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 2/25/2023 5/27/2023 11/25/2023 2/24/2024 5/25/2024 11/30/2024 3/1/2025 5/31/2025 11/29/2025 2/28/2026 5/30/2026
Total Assets		 2,445 2,413 2,369 2,434 2,425 2,298 2,194 2,133 2,127 2,052 2,039
Total Current Assets		 1,090 972 935 1,002 984 908 812 759 778 715 711
Cash & Equivalents		 229 226 220 266 318 263 116 11 182 47 57
Accounts Receivable		 281 205 188 234 199 171 202 243 149 223 186
Inventories, net		 540 518 494 466 442 436 460 478 415 408 435
Prepaid Expenses		 39 23 33 36 25 39 35 28 32 37 33
Plant, Property, & Equipment, net		 310 320 331 334 336 338 337 336 328 322 320
Total Noncurrent Assets		 1,046 1,121 1,103 1,098 1,106 1,052 1,045 1,037 1,022 1,015 1,007
Goodwill		 484 515 515 515 515 484 484 484 484 484 484
Intangible Assets		 465 508 496 491 485 473 468 462 452 446 441
Other Noncurrent Operating Assets		 90 91 92 90 97 94 93 91 86 85 82
Total Liabilities & Shareholders' Equity		 2,445 2,413 2,369 2,434 2,425 2,298 2,194 2,133 2,127 2,052 2,039
Total Liabilities		 1,108 1,052 1,015 1,109 1,107 1,058 978 917 894 816 804
Total Current Liabilities		 435 397 347 353 402 352 374 315 290 311 300
Accounts Payable		 165 133 123 138 134 114 145 129 110 137 114
Accrued Expenses		 150 135 159 152 126 120 116 115 124 118 116
Dividends Payable		 4.60 17 7.80 3.90 20 12 3.90 19 9.30 2.70 17
Current Employee Benefit Liabilities		 42 38 34 38 38 30 34 35 32 40 40
Other Current Liabilities		 73 73 23 21 22 18 16 18 15 15 13
Total Noncurrent Liabilities		 673 654 668 756 705 706 604 602 604 505 504
Long-Term Debt		 591 592 593 695 636 638 539 540 541 442 443
Noncurrent Deferred & Payable Income Tax Liabilities		 6.00 6.50 19 6.60 6.00 9.30 8.30 8.10 14 16 17
Noncurrent Employee Benefit Liabilities		 8.20 7.90 7.20 7.30 6.90 - - - - 4.70 4.40
Other Noncurrent Operating Liabilities		 68 48 48 47 56 59 56 54 49 42 40
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,337 1,361 1,354 1,325 1,318 1,240 1,216 1,216 1,234 1,235 1,234
Total Preferred & Common Equity		 1,337 1,361 1,354 1,325 1,318 1,240 1,216 1,216 1,234 1,235 1,234
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,337 1,361 1,354 1,325 1,318 1,240 1,216 1,216 1,234 1,235 1,234
Common Stock		 220 221 222 214 217 220 225 226 229 234 239
Retained Earnings		 1,671 1,713 1,774 1,752 1,762 1,718 1,708 1,706 1,716 1,710 1,704
Treasury Stock		 -553 -573 -642 -641 -661 -698 -716 -716 -710 -709 -709
Accumulated Other Comprehensive Income / (Loss)		 -0.40 -0.40 -0.40 -0.40 -0.40 -0.40 -0.40 -0.40 -0.40 -0.40 -0.40

Annual Metrics And Ratios for Winnebago Industries

This table displays calculated financial ratios and metrics derived from Winnebago Industries' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/29/2015 8/27/2016 8/26/2017 8/25/2018 8/31/2019 8/29/2020 8/28/2021 8/27/2022 8/26/2023 8/31/2024 8/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.32% -0.13% 58.64% 30.36% -1.54% 18.63% 54.10% 36.58% -29.59% -14.82% -5.90%
EBITDA Growth		 -6.74% 12.33% 121.02% 14.63% -0.27% -11.86% 176.50% 38.17% -42.87% -65.31% -1.40%
EBIT Growth		 -7.95% 11.19% 89.49% 28.26% -2.51% -26.85% 255.51% 36.31% -46.10% -80.15% -5.88%
NOPAT Growth		 -7.61% 9.85% 81.87% 40.07% 8.57% -27.62% 245.49% 41.70% -47.49% -85.41% 43.97%
Net Income Growth		 -8.53% 10.40% 56.78% 43.50% 9.22% -45.04% 358.81% 38.56% -44.73% -93.98% 97.69%
EPS Growth		 -7.32% 10.53% 38.10% 38.79% 9.32% -47.73% 350.00% 43.00% -47.38% -92.94% 106.82%
Operating Cash Flow Growth		 94.45% 16.74% 84.14% -14.19% 60.48% 102.19% -12.25% 68.82% -26.49% -51.14% -10.42%
Free Cash Flow Firm Growth		 82.14% -48.10% -3,280.69% 93.28% 450.29% -205.55% 290.86% -67.35% 66.63% -58.28% 116.42%
Invested Capital Growth		 11.69% 21.25% 273.98% 20.95% 3.21% 22.79% 10.90% 32.54% 8.09% -0.67% -2.94%
Revenue Q/Q Growth		 0.53% 1.27% 14.14% 4.20% -0.29% 9.66% 8.95% 2.97% -10.47% -1.66% 2.06%
EBITDA Q/Q Growth		 -1.70% 3.50% 21.22% 2.85% -0.96% 23.11% 11.96% 0.78% -14.71% -38.71% 48.02%
EBIT Q/Q Growth		 -2.14% 3.37% 24.29% 1.45% -0.60% 26.31% 14.37% 0.11% -17.14% -56.98% 247.83%
NOPAT Q/Q Growth		 -2.96% 2.97% 22.65% 4.08% 2.19% 24.44% 14.10% 0.14% -16.62% -73.22% 261.50%
Net Income Q/Q Growth		 -2.86% 3.24% 19.78% 4.99% 1.89% 20.83% 17.34% -0.39% -15.23% -84.87% 250.29%
EPS Q/Q Growth		 -3.18% 3.70% 16.58% 4.21% 1.73% 16.46% 17.45% 1.63% -18.46% -82.95% 302.22%
Operating Cash Flow Q/Q Growth		 42.97% -9.63% 9.93% -8.20% 27.16% 26.76% -7.29% 19.74% -5.55% -40.36% 1,192.37%
Free Cash Flow Firm Q/Q Growth		 70.83% -25.91% 2.78% -138.00% 638.29% 36.73% -14.58% 3,345.01% -7.33% -70.86% 378.48%
Invested Capital Q/Q Growth		 -6.70% -2.62% -0.25% 14.53% -1.07% -4.71% 1.81% -2.63% -4.55% -3.65% -9.06%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 10.74% 11.55% 14.39% 14.87% 15.47% 13.28% 17.92% 18.74% 16.79% 14.58% 13.05%
EBITDA Margin		 6.56% 7.38% 10.28% 9.04% 9.15% 6.80% 12.20% 12.35% 10.02% 4.08% 4.27%
Operating Margin		 6.08% 6.74% 8.09% 7.95% 7.82% 4.83% 11.22% 11.77% 8.61% 3.37% 2.04%
EBIT Margin		 6.10% 6.79% 8.11% 7.98% 7.90% 4.87% 11.24% 11.21% 8.59% 2.00% 2.00%
Profit (Net Income) Margin		 4.22% 4.67% 4.61% 5.08% 5.63% 2.61% 7.77% 7.88% 6.19% 0.44% 0.92%
Tax Burden Percent		 69.22% 68.73% 65.68% 71.76% 80.48% 79.51% 76.71% 75.89% 77.33% 33.85% 85.38%
Interest Burden Percent		 100.00% 100.00% 86.58% 88.66% 88.56% 67.35% 90.10% 92.57% 93.16% 64.54% 53.75%
Effective Tax Rate		 30.78% 31.27% 34.32% 28.24% 19.52% 20.49% 23.29% 24.11% 22.67% 66.15% 14.62%
Return on Invested Capital (ROIC)		 28.80% 27.10% 18.97% 15.24% 14.88% 9.52% 28.29% 32.78% 14.51% 2.05% 3.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 28.67% 26.69% 5.09% 10.47% 9.75% -3.64% 9.44% 5.41% 8.71% -4.14% -3.09%
Return on Net Nonoperating Assets (RNNOA)		 -8.87% -8.50% 1.12% 5.73% 4.29% -1.10% 1.63% 0.89% 1.90% -1.06% -0.94%
Return on Equity (ROE)		 19.92% 18.60% 20.09% 20.97% 19.17% 8.42% 29.92% 33.67% 16.41% 0.98% 2.06%
Cash Return on Invested Capital (CROIC)		 17.75% 7.89% -96.63% -3.72% 11.72% -10.94% 17.96% 4.80% 6.74% 2.71% 5.98%
Operating Return on Assets (OROA)		 16.53% 17.59% 19.40% 16.46% 14.55% 8.14% 21.60% 24.83% 12.36% 2.47% 2.47%
Return on Assets (ROA)		 11.44% 12.09% 11.03% 10.48% 10.37% 4.36% 14.93% 17.44% 8.90% 0.54% 1.13%
Return on Common Equity (ROCE)		 19.92% 18.60% 20.09% 20.97% 19.17% 8.42% 29.92% 33.67% 16.41% 0.98% 2.06%
Return on Equity Simple (ROE_SIMPLE)		 18.65% 16.95% 16.15% 19.15% 17.68% 7.43% 26.67% 30.93% 15.78% 1.02% 0.00%
Net Operating Profit after Tax (NOPAT)		 41 45 82 115 125 90 313 443 233 34 49
NOPAT Margin		 4.21% 4.63% 5.31% 5.71% 6.29% 3.84% 8.61% 8.93% 6.66% 1.14% 1.75%
Net Nonoperating Expense Percent (NNEP)		 0.12% 0.40% 13.89% 4.77% 5.13% 13.16% 18.85% 27.38% 5.80% 6.19% 6.09%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 2.77%
Cost of Revenue to Revenue		 89.26% 88.45% 85.61% 85.13% 84.53% 86.72% 82.08% 81.26% 83.21% 85.42% 86.95%
SG&A Expenses to Revenue		 3.06% 3.41% 6.31% 6.45% 7.17% 7.52% 6.30% 6.38% 7.67% 9.42% 10.21%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 4.66% 4.81% 6.30% 6.91% 7.65% 8.46% 6.69% 6.98% 8.18% 11.21% 11.00%
Earnings before Interest and Taxes (EBIT)		 60 66 125 161 157 115 408 556 300 60 56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 64 72 159 182 182 160 443 612 350 121 120
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.20 2.16 2.26 2.03 1.50 2.25 2.21 1.47 1.37 1.35 0.82
Price to Tangible Book Value (P/TBV)		 2.22 2.17 0.00 0.00 9.36 24.92 7.35 6.08 5.33 5.54 3.52
Price to Revenue (P/Rev)		 0.50 0.60 0.65 0.54 0.48 0.79 0.64 0.38 0.54 0.58 0.36
Price to Earnings (P/E)		 11.81 12.76 14.00 10.61 8.47 30.28 8.30 4.77 8.68 132.06 38.85
Dividend Yield		 1.99% 2.27% 1.27% 1.45% 1.44% 0.80% 0.69% 1.43% 1.74% 2.09% 3.82%
Earnings Yield		 8.46% 7.84% 7.14% 9.43% 11.81% 3.30% 12.05% 20.98% 11.52% 0.76% 2.57%
Enterprise Value to Invested Capital (EV/IC)		 2.76 2.71 1.81 1.66 1.36 1.99 2.09 1.38 1.30 1.26 0.85
Enterprise Value to Revenue (EV/Rev)		 0.43 0.51 0.80 0.68 0.59 0.88 0.67 0.43 0.62 0.70 0.49
Enterprise Value to EBITDA (EV/EBITDA)		 6.51 6.88 7.78 7.54 6.40 12.99 5.49 3.47 6.17 17.16 11.41
Enterprise Value to EBIT (EV/EBIT)		 7.00 7.47 9.86 8.55 7.42 18.13 5.97 3.82 7.20 34.99 24.38
Enterprise Value to NOPAT (EV/NOPAT)		 10.13 10.95 15.05 11.94 9.31 23.00 7.79 4.80 9.28 61.38 27.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.22 9.38 12.74 16.49 8.70 7.69 10.25 5.31 7.32 14.47 10.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.43 37.61 0.00 0.00 11.82 0.00 12.27 32.81 19.98 46.25 14.01
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.62 0.55 0.40 0.62 0.50 0.43 0.43 0.55 0.44
Long-Term Debt to Equity		 0.00 0.00 0.62 0.55 0.39 0.62 0.50 0.43 0.43 0.50 0.44
Financial Leverage		 -0.31 -0.32 0.22 0.55 0.44 0.30 0.17 0.16 0.22 0.26 0.30
Leverage Ratio		 1.74 1.54 1.82 2.00 1.85 1.93 2.00 1.93 1.84 1.82 1.82
Compound Leverage Factor		 1.74 1.54 1.58 1.78 1.64 1.30 1.81 1.79 1.72 1.18 0.98
Debt to Total Capital		 0.00% 0.00% 38.34% 35.29% 28.69% 38.25% 33.34% 30.18% 30.22% 35.35% 30.62%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.40% 0.00% 1.00% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 37.94% 35.29% 27.68% 38.25% 33.34% 30.18% 30.22% 32.35% 30.62%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 61.66% 64.71% 71.32% 61.75% 66.66% 69.82% 69.78% 64.65% 69.38%
Debt to EBITDA		 0.00 0.00 1.73 1.60 1.40 3.20 1.19 0.89 1.69 5.74 4.52
Net Debt to EBITDA		 0.00 0.00 1.50 1.59 1.19 1.37 0.21 0.43 0.81 3.01 3.06
Long-Term Debt to EBITDA		 0.00 0.00 1.71 1.60 1.35 3.20 1.19 0.89 1.69 5.25 4.52
Debt to NOPAT		 0.00 0.00 3.34 2.53 2.03 5.67 1.69 1.23 2.55 20.52 11.07
Net Debt to NOPAT		 0.00 0.00 2.90 2.51 1.74 2.43 0.30 0.60 1.21 10.77 7.50
Long-Term Debt to NOPAT		 0.00 0.00 3.31 2.53 1.96 5.67 1.69 1.23 2.55 18.78 11.07
Altman Z-Score		 8.18 8.70 4.72 4.90 4.80 3.89 4.98 4.95 4.20 3.56 3.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.26 3.02 1.88 1.82 2.08 2.38 2.60 2.10 2.52 2.44 2.42
Quick Ratio		 1.68 1.63 0.96 0.82 0.99 1.71 1.69 1.03 1.23 1.27 1.12
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 25 13 -419 -28 98 -104 198 65 108 45 97
Operating Cash Flow to CapEx		 272.63% 214.84% 705.35% 294.20% 328.54% 835.27% 732.41% 456.26% 355.68% 322.65% 346.51%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -24.86 -1.54 5.49 -2.77 4.91 1.57 5.26 2.13 3.76
Operating Cash Flow to Interest Expense		 0.00 0.00 5.77 4.57 7.46 7.22 5.87 9.70 14.37 6.82 4.98
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 4.95 3.02 5.19 6.35 5.07 7.57 10.33 4.71 3.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.71 2.59 2.39 2.06 1.84 1.67 1.92 2.21 1.44 1.23 1.23
Accounts Receivable Turnover		 14.29 14.65 16.22 13.95 12.31 12.44 15.30 19.52 16.14 16.43 14.90
Inventory Turnover		 7.75 7.35 10.00 10.18 8.47 10.64 11.36 9.29 5.83 5.59 5.83
Fixed Asset Turnover		 31.31 20.93 24.27 23.35 17.36 15.57 19.81 21.20 11.57 8.93 8.33
Accounts Payable Turnover		 26.31 22.32 21.48 21.43 20.64 19.08 19.07 20.27 15.94 17.42 17.76
Days Sales Outstanding (DSO)		 25.54 24.91 22.50 26.16 29.65 29.35 23.86 18.70 22.62 22.22 24.49
Days Inventory Outstanding (DIO)		 47.11 49.65 36.48 35.86 43.08 34.32 32.12 39.29 62.61 65.33 62.64
Days Payable Outstanding (DPO)		 13.88 16.35 16.99 17.03 17.69 19.13 19.14 18.01 22.90 20.95 20.55
Cash Conversion Cycle (CCC)		 58.77 58.21 41.99 44.99 55.05 44.54 36.84 39.98 62.33 66.60 66.58
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 151 183 683 827 853 1,048 1,162 1,540 1,664 1,653 1,605
Invested Capital Turnover		 6.84 5.85 3.57 2.67 2.36 2.48 3.29 3.67 2.18 1.79 1.72
Increase / (Decrease) in Invested Capital		 16 32 501 143 26 194 114 378 125 -11 -49
Enterprise Value (EV)		 417 495 1,237 1,375 1,164 2,080 2,433 2,125 2,157 2,082 1,365
Market Capitalization		 487 580 998 1,086 947 1,860 2,339 1,861 1,874 1,717 999
Book Value per Share		 $8.20 $9.98 $13.98 $16.95 $20.00 $24.55 $31.46 $39.77 $45.29 $43.98 $43.69
Tangible Book Value per Share		 $8.16 $9.93 ($0.93) ($0.18) $3.20 $2.21 $9.48 $9.65 $11.64 $10.71 $10.12
Total Capital		 221 268 716 826 887 1,340 1,586 1,809 1,961 1,970 1,765
Total Debt		 0.00 0.00 275 291 254 513 529 546 592 696 541
Total Long-Term Debt		 0.00 0.00 272 291 245 513 529 546 592 637 541
Net Debt		 -70 -86 239 289 217 220 94 264 283 365 367
Capital Expenditures (CapEx)		 17 25 14 28 41 32 32 88 83 45 37
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 114 102 114 165 184 121 217 290 291 312 291
Debt-free Net Working Capital (DFNWC)		 185 188 150 168 222 413 652 572 601 643 465
Net Working Capital (NWC)		 185 188 147 168 213 413 652 572 601 584 465
Net Nonoperating Expense (NNE)		 -0.08 -0.31 11 13 13 29 31 52 17 21 23
Net Nonoperating Obligations (NNO)		 -70 -86 242 292 221 220 105 277 296 380 380
Total Depreciation and Amortization (D&A)		 4.51 5.75 34 21 25 45 35 56 50 62 64
Debt-free, Cash-free Net Working Capital to Revenue		 11.71% 10.47% 7.36% 8.20% 9.29% 5.12% 5.98% 5.84% 8.33% 10.50% 10.40%
Debt-free Net Working Capital to Revenue		 18.90% 19.24% 9.68% 8.32% 11.17% 17.54% 17.95% 11.53% 17.21% 21.63% 16.62%
Net Working Capital to Revenue		 18.90% 19.24% 9.50% 8.32% 10.72% 17.54% 17.95% 11.53% 17.21% 19.64% 16.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.53 $1.69 $2.33 $3.24 $3.55 $1.85 $8.41 $12.03 $7.12 $0.44 $0.91
Adjusted Weighted Average Basic Shares Outstanding		 26.94M 26.93M 30.65M 31.60M 31.54M 33.24M 33.53M 32.48M 30.30M 29.20M 28.20M
Adjusted Diluted Earnings per Share		 $1.52 $1.68 $2.32 $3.22 $3.52 $1.84 $8.28 $11.84 $6.23 $0.44 $0.91
Adjusted Weighted Average Diluted Shares Outstanding		 27.05M 27.03M 30.77M 31.81M 31.72M 33.45M 34.06M 32.99M 35.40M 29.50M 28.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.98M 26.90M 31.63M 31.63M 31.63M 33.76M 33.46M 30.51M 29.89M 28.92M 28.21M
Normalized Net Operating Profit after Tax (NOPAT)		 41 45 82 115 125 90 313 443 233 91 49
Normalized NOPAT Margin		 4.24% 4.63% 5.31% 5.71% 6.29% 3.84% 8.61% 8.93% 6.66% 3.07% 1.75%
Pre Tax Income Margin		 6.10% 6.79% 7.02% 7.07% 7.00% 3.28% 10.12% 10.38% 8.00% 1.29% 1.08%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 7.45 8.82 8.74 3.06 10.10 13.46 14.62 2.82 2.16
NOPAT to Interest Expense		 0.00 0.00 4.88 6.31 6.97 2.41 7.74 10.72 11.34 1.61 1.89
EBIT Less CapEx to Interest Expense		 0.00 0.00 6.63 7.26 6.47 2.20 9.29 11.34 10.58 0.71 0.73
NOPAT Less CapEx to Interest Expense		 0.00 0.00 4.06 4.76 4.70 1.55 6.93 8.60 7.30 -0.51 0.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 23.70% 23.94% 17.86% 12.44% 12.23% 23.74% 5.75% 6.09% 15.38% 283.08% 151.36%
Augmented Payout Ratio		 39.51% 30.68% 20.00% 18.78% 19.54% 26.74% 22.63% 60.96% 40.90% 856.15% 360.31%

Quarterly Metrics And Ratios for Winnebago Industries

This table displays calculated financial ratios and metrics derived from Winnebago Industries' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/25/2023 2/24/2024 5/25/2024 8/31/2024 11/30/2024 3/1/2025 5/31/2025 8/30/2025 11/29/2025 2/28/2026 5/30/2026
DEI Shares Outstanding		 - - - - - - - - - 28,220,626.00 28,265,787.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 28,220,626.00 28,265,787.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.17 0.51
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -19.87% -18.82% -12.74% -6.50% -18.01% -11.85% -1.39% 7.82% 12.32% - -9.86%
EBITDA Growth		 -45.25% -82.95% -39.21% -104.08% -71.32% 51.02% -18.02% 1,293.33% 96.05% - -17.24%
EBIT Growth		 -55.02% -100.40% -48.57% -134.01% -102.34% 2,233.33% -25.91% 199.50% 1,644.44% - -24.84%
NOPAT Growth		 -54.80% -57.41% -43.91% -127.06% -102.15% -77.97% -37.42% 266.17% 1,534.24% - -16.69%
Net Income Growth		 -57.14% -124.05% -50.93% -166.44% -120.16% 96.85% -39.31% 147.08% 205.77% - -17.61%
EPS Growth		 -54.91% -128.29% -43.86% -168.50% -123.08% 95.35% -35.42% 156.32% 205.56% - -17.74%
Operating Cash Flow Growth		 -171.57% 292.37% -28.80% -70.53% 21.96% -141.67% -125.45% 345.70% 252.10% - 201.19%
Free Cash Flow Firm Growth		 -45.95% 1.91% 163.93% 98.27% 153.13% 304.18% -141.46% 5,195.92% 94.37% - 654.17%
Invested Capital Growth		 7.42% 3.17% -1.59% -0.67% -2.81% -3.08% 2.83% -2.94% -5.00% - -7.20%
Revenue Q/Q Growth		 -1.04% -7.79% 11.71% -8.28% -13.22% -0.86% 24.98% 0.28% -9.60% - 6.28%
EBITDA Q/Q Growth		 -27.99% -72.26% 285.03% -105.30% 606.67% 46.05% 109.01% -22.84% -16.76% - 43.28%
EBIT Q/Q Growth		 -34.52% -100.78% 13,866.67% -148.43% 95.50% 811.11% 378.13% -34.97% -30.15% - 105.36%
NOPAT Q/Q Growth		 -36.31% -15.50% 43.40% -135.06% 94.94% 966.67% 307.31% -6.90% -56.36% - 76.64%
Net Income Q/Q Growth		 -41.10% -149.22% 328.35% -200.34% 82.13% 92.31% 4,500.00% -22.16% -59.85% - 202.08%
EPS Q/Q Growth		 -38.58% -155.13% 323.26% -190.63% 79.31% 88.89% 3,200.00% -20.97% -61.22% - 200.00%
Operating Cash Flow Q/Q Growth		 -115.50% 217.76% 294.44% -59.05% -141.03% 37.13% -140.95% 817.00% -86.00% - 203.23%
Free Cash Flow Firm Q/Q Growth		 -15.17% 67.70% 316.75% -102.15% 3,634.56% 24.11% -144.02% 363.91% 34.82% - 79.25%
Invested Capital Q/Q Growth		 4.27% 1.29% -2.37% -3.65% 2.02% 1.00% 3.58% -9.06% -0.15% - 0.29%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 15.18% 14.97% 15.04% 13.07% 12.28% 13.40% 13.68% 12.76% 12.67% - 13.58%
EBITDA Margin		 6.95% 2.09% 7.20% -0.42% 2.43% 3.58% 5.99% 4.61% 4.24% - 5.50%
Operating Margin		 5.12% 5.03% 5.53% -2.47% -0.14% 1.26% 3.90% 2.59% 1.96% - 3.29%
EBIT Margin		 5.05% -0.04% 5.25% -2.77% -0.14% 1.03% 3.95% 2.56% 1.98% - 3.29%
Profit (Net Income) Margin		 3.38% -1.81% 3.69% -4.04% -0.83% -0.06% 2.27% 1.76% 0.78% - 2.08%
Tax Burden Percent		 75.00% 226.79% 81.69% 112.36% 77.61% 100.00% 73.64% 103.01% 65.48% - 80.56%
Interest Burden Percent		 89.35% 1,866.67% 85.96% 129.50% 744.44% -6.25% 78.10% 66.83% 60.43% - 78.26%
Effective Tax Rate		 25.00% 0.00% 18.31% 0.00% 0.00% 0.00% 26.36% -3.01% 34.52% - 19.44%
Return on Invested Capital (ROIC)		 7.57% 6.39% 7.90% -3.10% -0.17% 1.40% 4.52% 4.58% 2.25% - 4.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.58% -2.99% 6.23% -8.02% -1.27% 0.13% 3.54% 2.73% 1.38% - 3.57%
Return on Net Nonoperating Assets (RNNOA)		 1.76% -0.90% 1.81% -2.05% -0.41% 0.05% 1.32% 0.83% 0.45% - 1.39%
Return on Equity (ROE)		 9.34% 5.49% 9.71% -5.15% -0.57% 1.45% 5.84% 5.41% 2.70% - 5.81%
Cash Return on Invested Capital (CROIC)		 4.61% 5.86% 8.93% 2.71% 5.31% -1.16% -2.01% 5.98% 8.65% - 10.91%
Operating Return on Assets (OROA)		 7.00% -0.05% 6.57% -3.43% -0.17% 1.23% 4.75% 3.16% 2.57% - 4.48%
Return on Assets (ROA)		 4.69% -2.32% 4.61% -4.98% -1.01% -0.08% 2.73% 2.17% 1.02% - 2.82%
Return on Common Equity (ROCE)		 9.34% 5.49% 9.71% -5.15% -0.57% 1.45% 5.84% 5.41% 2.70% - 5.81%
Return on Equity Simple (ROE_SIMPLE)		 13.40% 8.76% 6.52% 0.00% -1.45% -0.47% -1.41% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 29 25 36 -12 -0.63 5.46 22 21 9.04 10 19
NOPAT Margin		 3.84% 3.52% 4.52% -1.73% -0.10% 0.88% 2.87% 2.66% 1.29% - 2.65%
Net Nonoperating Expense Percent (NNEP)		 1.00% 9.38% 1.68% 4.92% 1.10% 1.27% 0.98% 1.84% 0.87% - 0.85%
Return On Investment Capital (ROIC_SIMPLE)		 1.51% 1.23% - - -0.03% 0.30% 1.27% 1.17% 0.51% 0.63% 1.10%
Cost of Revenue to Revenue		 84.82% 85.03% 84.96% 86.93% 87.72% 86.60% 86.32% 87.24% 87.33% - 86.42%
SG&A Expenses to Revenue		 9.32% 9.12% 8.79% 10.49% 11.52% 11.24% 9.07% 9.48% 9.93% - 9.52%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 10.05% 9.93% 9.50% 15.54% 12.42% 12.14% 9.78% 10.18% 10.70% - 10.29%
Earnings before Interest and Taxes (EBIT)		 39 -0.30 41 -20 -0.90 6.40 31 20 14 11 23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 53 15 57 -3.00 15 22 46 36 30 27 38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.45 1.52 1.32 1.35 1.37 0.94 0.77 0.82 0.83 - 0.67
Price to Tangible Book Value (P/TBV)		 5.73 6.31 5.47 5.54 5.99 4.34 3.50 3.52 3.43 - 2.68
Price to Revenue (P/Rev)		 0.60 0.64 0.58 0.58 0.60 0.42 0.34 0.36 0.36 - 0.29
Price to Earnings (P/E)		 10.82 17.38 20.29 132.06 0.00 0.00 0.00 38.85 28.04 - 21.53
Dividend Yield		 1.70% 1.68% 2.02% 2.09% 2.17% 3.22% 3.96% 3.82% 3.79% - 4.74%
Earnings Yield		 9.24% 5.76% 4.93% 0.76% 0.00% 0.00% 0.00% 2.57% 3.57% - 4.64%
Enterprise Value to Invested Capital (EV/IC)		 1.35 1.39 1.24 1.26 1.26 0.96 0.83 0.85 0.86 - 0.74
Enterprise Value to Revenue (EV/Rev)		 0.71 0.78 0.70 0.70 0.75 0.59 0.54 0.49 0.48 - 0.43
Enterprise Value to EBITDA (EV/EBITDA)		 7.64 10.43 10.71 17.16 25.48 17.92 18.20 11.41 10.28 - 9.29
Enterprise Value to EBIT (EV/EBIT)		 9.26 13.79 15.33 34.99 105.83 60.85 91.36 24.38 19.49 - 17.86
Enterprise Value to NOPAT (EV/NOPAT)		 11.87 15.73 16.73 61.38 50.48 0.00 108.87 27.95 23.84 - 20.71
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.61 8.68 8.79 14.47 14.32 14.44 0.00 10.59 8.07 - 5.85
Enterprise Value to Free Cash Flow (EV/FCFF)		 30.28 24.10 13.72 46.25 23.42 0.00 0.00 14.01 9.70 - 6.54
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.44 0.52 0.53 0.55 0.56 0.49 0.44 0.44 0.44 - 0.36
Long-Term Debt to Equity		 0.44 0.52 0.48 0.50 0.51 0.44 0.44 0.44 0.44 - 0.36
Financial Leverage		 0.27 0.30 0.29 0.26 0.32 0.36 0.37 0.30 0.33 - 0.39
Leverage Ratio		 1.80 1.83 1.81 1.82 1.80 1.82 1.80 1.82 1.79 - 1.70
Compound Leverage Factor		 1.61 34.22 1.55 2.36 13.39 -0.11 1.40 1.21 1.08 - 1.33
Debt to Total Capital		 30.46% 34.41% 34.53% 35.35% 35.98% 32.99% 30.75% 30.62% 30.49% - 26.41%
Short-Term Debt to Total Capital		 0.00% 0.00% 2.93% 3.00% 3.06% 3.27% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 30.46% 34.41% 31.60% 32.35% 32.92% 29.72% 30.75% 30.62% 30.49% - 26.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 69.54% 65.59% 65.47% 64.65% 64.02% 67.01% 69.25% 69.38% 69.51% - 73.59%
Debt to EBITDA		 1.94 2.96 3.51 5.74 8.35 6.58 6.68 4.52 4.03 - 3.39
Net Debt to EBITDA		 1.22 1.83 1.91 3.01 5.20 5.31 6.55 3.06 2.68 - 2.95
Long-Term Debt to EBITDA		 1.94 2.96 3.22 5.25 7.64 5.93 6.68 4.52 4.03 - 3.39
Debt to NOPAT		 3.01 4.47 5.49 20.52 16.54 -8.05 39.96 11.07 9.34 - 7.55
Net Debt to NOPAT		 1.90 2.76 2.98 10.77 10.31 -6.50 39.19 7.50 6.21 - 6.58
Long-Term Debt to NOPAT		 3.01 4.47 5.02 18.78 15.13 -7.26 39.96 11.07 9.34 - 7.55
Altman Z-Score		 3.95 3.71 3.55 3.45 3.53 3.30 3.32 3.34 3.46 - 3.46
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.69 2.84 2.45 2.44 2.58 2.17 2.41 2.42 2.69 - 2.37
Quick Ratio		 1.17 1.42 1.29 1.27 1.23 0.85 0.80 1.12 1.14 - 0.81
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -90 -29 63 -1.36 48 60 -26 69 93 81 146
Operating Cash Flow to CapEx		 -181.36% 229.09% 903.64% 366.67% -167.00% -125.00% -234.26% 1,796.04% 453.57% - 465.45%
Free Cash Flow to Firm to Interest Expense		 -22.07 -5.51 10.92 -0.23 8.29 8.77 -3.92 10.50 16.99 - 29.11
Operating Cash Flow to Interest Expense		 -5.22 4.75 17.14 6.90 -2.88 -1.54 -3.78 27.48 4.62 - 5.12
Operating Cash Flow Less CapEx to Interest Expense		 -8.10 2.68 15.24 5.02 -4.60 -2.78 -5.39 25.95 3.60 - 4.02
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.39 1.29 1.25 1.23 1.22 1.19 1.20 1.23 1.30 - 1.36
Accounts Receivable Turnover		 16.90 12.17 14.95 16.43 15.80 12.63 12.40 14.90 17.94 - 13.22
Inventory Turnover		 5.27 5.24 5.33 5.59 5.25 5.14 5.18 5.83 5.87 - 5.41
Fixed Asset Turnover		 10.55 9.75 9.23 8.93 8.48 8.21 8.16 8.33 8.63 - 8.65
Accounts Payable Turnover		 21.51 17.42 19.15 17.42 20.60 16.85 18.14 17.76 22.35 - 20.38
Days Sales Outstanding (DSO)		 21.59 29.99 24.42 22.22 23.10 28.91 29.43 24.49 20.34 - 27.61
Days Inventory Outstanding (DIO)		 69.23 69.60 68.49 65.33 69.48 70.99 70.44 62.64 62.14 - 67.53
Days Payable Outstanding (DPO)		 16.97 20.96 19.06 20.95 17.71 21.66 20.12 20.55 16.33 - 17.91
Cash Conversion Cycle (CCC)		 73.86 78.63 73.85 66.60 74.86 78.24 79.75 66.58 66.16 - 77.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,735 1,758 1,716 1,653 1,687 1,703 1,764 1,605 1,602 1,633 1,637
Invested Capital Turnover		 1.97 1.81 1.75 1.79 1.66 1.59 1.58 1.72 1.75 - 1.67
Increase / (Decrease) in Invested Capital		 120 54 -28 -11 -49 -54 49 -49 -84 -71 -127
Enterprise Value (EV)		 2,338 2,445 2,120 2,082 2,127 1,631 1,471 1,365 1,380 - 1,215
Market Capitalization		 1,965 2,016 1,743 1,717 1,693 1,148 941 999 1,021 - 829
Book Value per Share		 $45.30 $45.30 $45.04 $43.98 $42.89 $42.83 $43.39 $43.69 $43.73 $43.77 $43.67
Tangible Book Value per Share		 $11.48 $10.92 $10.89 $10.71 $9.77 $9.30 $9.61 $10.12 $10.56 $10.80 $10.95
Total Capital		 1,947 2,019 2,014 1,970 1,937 1,815 1,756 1,765 1,775 1,677 1,677
Total Debt		 593 695 695 696 697 599 540 541 541 442 443
Total Long-Term Debt		 593 695 636 637 638 539 540 541 541 442 443
Net Debt		 374 429 377 365 434 483 529 367 359 395 386
Capital Expenditures (CapEx)		 12 11 11 11 10 8.40 11 10 5.60 4.30 5.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 368 383 323 312 353 382 434 291 306 356 355
Debt-free Net Working Capital (DFNWC)		 587 649 641 643 615 498 444 465 488 404 412
Net Working Capital (NWC)		 587 649 582 584 556 438 444 465 488 404 412
Net Nonoperating Expense (NNE)		 3.53 37 6.54 17 4.57 5.86 4.64 7.00 3.54 5.69 4.03
Net Nonoperating Obligations (NNO)		 381 433 398 380 446 487 549 380 369 398 403
Total Depreciation and Amortization (D&A)		 15 15 15 17 16 16 16 16 16 16 15
Debt-free, Cash-free Net Working Capital to Revenue		 11.14% 12.21% 10.68% 10.50% 12.44% 13.88% 15.82% 10.40% 10.66% - 12.50%
Debt-free Net Working Capital to Revenue		 17.79% 20.68% 21.20% 21.63% 21.70% 18.08% 16.20% 16.62% 16.98% - 14.51%
Net Working Capital to Revenue		 17.79% 20.68% 19.25% 19.64% 19.61% 15.93% 16.20% 16.62% 16.98% - 14.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.87 ($0.43) $0.99 ($0.99) ($0.18) ($0.02) $0.63 $0.48 $0.19 $0.17 $0.51
Adjusted Weighted Average Basic Shares Outstanding		 29.60M 29.20M 29.20M 29.20M 28.60M 28.10M 28M 28.20M 28.20M 28.20M 28.30M
Adjusted Diluted Earnings per Share		 $0.78 ($0.43) $0.96 ($0.87) ($0.18) ($0.02) $0.62 $0.49 $0.19 $0.17 $0.51
Adjusted Weighted Average Diluted Shares Outstanding		 34.70M 29.20M 30.40M 29.50M 28.60M 28.10M 28.40M 28.30M 28.30M 28.50M 28.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.24M 29.27M 28.95M 28.92M 28.40M 28.03M 28.03M 28.21M 28.22M 28.27M 28.27M
Normalized Net Operating Profit after Tax (NOPAT)		 29 25 36 -12 -0.63 5.46 22 14 9.04 10 19
Normalized NOPAT Margin		 3.84% 3.52% 4.52% -1.73% -0.10% 0.88% 2.87% 1.81% 1.29% - 2.65%
Pre Tax Income Margin		 4.51% -0.80% 4.52% -3.59% -1.07% -0.06% 3.08% 1.71% 1.20% - 2.58%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.39 -0.06 7.12 -3.39 -0.16 0.94 4.57 3.02 2.53 - 4.60
NOPAT to Interest Expense		 7.15 4.68 6.13 -2.11 -0.11 0.80 3.32 3.14 1.64 - 3.71
EBIT Less CapEx to Interest Expense		 6.51 -2.13 5.22 -5.27 -1.88 -0.29 2.96 1.48 1.51 - 3.50
NOPAT Less CapEx to Interest Expense		 4.27 2.60 4.23 -3.99 -1.83 -0.43 1.71 1.61 0.62 - 2.61
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 18.90% 30.26% 41.79% 283.08% -207.78% -664.91% -223.98% 151.36% 107.14% - 103.12%
Augmented Payout Ratio		 71.13% 111.64% 151.80% 856.15% -562.78% -2,136.84% -597.08% 360.31% 167.03% - 107.79%

Financials Breakdown Chart

Key Financial Trends

Winnebago Industries (NYSE: WGO) showed a sharp slowdown in Q2 2026 after a much stronger Q1, with revenue falling, operating cash flow turning negative, and leverage still elevated. Over the last several years, the company has moved from the very profitable post-pandemic period into a more normal, and now more challenging, cycle for RV demand.

  • In Q2 2026, Winnebago still generated $85.6 million of gross profit on $657.4 million of revenue, showing the business remains profitable at the gross level.
  • The balance sheet ended Q2 2026 with $47.4 million in cash, up from Q1 2026, giving the company some liquidity cushion.
  • Net debt has improved versus the 2024 peak, with long-term debt at $442.3 million in Q2 2026, down from over $637 million in Q1 2025 and far below the debt surge seen in early 2024.
  • Winnebago has continued to reduce shares through buybacks in some recent quarters, which can support EPS over time when operations stabilize.
  • Depreciation and amortization remain meaningful non-cash add-backs, reflecting a capital-intensive business with a sizable asset base.
  • Inventory stayed high at $407.6 million in Q2 2026, suggesting management is still working through a bulky working-capital position.
  • Goodwill and intangible assets together remain large relative to total assets, so a big portion of the balance sheet is tied to acquisition-related accounting assets rather than hard operating assets.
  • Q2 2026 revenue declined to $657.4 million from $702.7 million in Q1 2026 and $777.3 million in Q4 2025, showing softer demand or mix.
  • Operating cash flow was negative $24.8 million in Q2 2026, after being positive in Q1 2026, indicating working capital is still pressuring cash generation.
  • Financing activity was heavily negative in Q2 2026, with $102.4 million of debt repayment and $9.8 million of dividends, contributing to a $134.3 million decline in cash and equivalents.

Looking at the broader trend, Winnebago’s earnings power has clearly cooled from the highs of 2022 and 2023. In those years, the company regularly posted quarterly net income between roughly $43 million and $117 million, with strong operating cash flow and much larger cash balances. By contrast, 2025 and early 2026 show a more volatile pattern, including quarters with losses, weaker operating income, and far more dependence on balance sheet management.

One of the clearest long-term shifts is in leverage and cash flow. In early 2024, Winnebago’s debt load jumped dramatically as it issued debt and repaid debt in large amounts. Since then, debt has come down, but the company is still carrying a meaningful liability burden relative to earnings. That matters because interest expense remains material: in Q2 2026, interest expense was $5.8 million, and in recent periods it has often consumed a large share of operating profit.

Profitability also looks uneven. Q2 2026 operating income was only $11.8 million, down from $13.8 million in Q1 2026 and far below the stronger operating results seen in 2023. Gross margin remains positive, but SG&A and amortization continue to weigh on the bottom line. The company can still earn money, but the margin of safety is thinner than it was a few years ago.

From a retail investor perspective, the key takeaway is that Winnebago remains a cyclical manufacturer navigating a softer demand backdrop. The company is not in distress, but its recent quarters point to pressure on revenue, cash generation, and leverage. If RV demand improves, the operating leverage could work in its favor; if not, cash flow and debt reduction may remain the main focus.

07/05/26 09:49 PM ETAI Generated. May Contain Errors.

Winnebago Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Winnebago Industries' fiscal year ends in August. Their fiscal year 2025 ended on August 30, 2025.

Winnebago Industries' net income appears to be on an upward trend, with a most recent value of $25.70 million in 2025, falling from $41.21 million in 2015. The previous period was $13 million in 2024. Check out Winnebago Industries' forecast to explore projected trends and price targets.

Winnebago Industries' total operating income in 2025 was $57.20 million, based on the following breakdown:
  • Total Gross Profit: $365.10 million
  • Total Operating Expenses: $307.90 million

Over the last 10 years, Winnebago Industries' total revenue changed from $976.51 million in 2015 to $2.80 billion in 2025, a change of 186.6%.

Winnebago Industries' total liabilities were at $929.70 million at the end of 2025, a 16.3% decrease from 2024, and a 558.4% increase since 2015.

In the past 10 years, Winnebago Industries' cash and equivalents has ranged from $2.34 million in 2018 to $434.56 million in 2021, and is currently $174 million as of their latest financial filing in 2025.

Over the last 10 years, Winnebago Industries' book value per share changed from 8.20 in 2015 to 43.69 in 2025, a change of 432.6%.


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Financial statements for NYSE:WGO last updated on 6/26/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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