Wolverine World Wide (WWW) Financials

$14.45 +0.37 (+2.63%)

As of 11:09 AM Eastern

Annual Income Statements for Wolverine World Wide

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	133	123	88	0.30	200	129	-137	69	-188	-40	48
Consolidated Net Income / (Loss)	134	123	88	-0.70	200	129	-139	67	-189	-39	52
Net Income / (Loss) Continuing Operations	134	123	88	-0.70	200	129	-139	67	-189	-39	52
Total Pre-Tax Income	182	165	111	-11	227	146	-184	80	-253	-134	62
Total Operating Income	230	201	164	32	252	171	-137	156	-208	-68	101
Total Gross Profit	1,086	1,052	960	914	921	924	736	1,030	1,070	873	782
Total Revenue	2,761	2,692	2,495	2,350	2,239	2,274	1,791	2,415	2,685	2,243	1,755
Operating Revenue	2,761	2,692	2,495	2,350	2,239	2,274	1,791	2,415	2,685	2,243	1,755
Total Cost of Revenue	1,675	1,640	1,535	1,436	1,318	1,350	1,056	1,385	1,614	1,370	974
Operating Cost of Revenue	1,674	1,637	1,526	1,427	1,318	1,350	1,056	1,385	1,614	1,370	974
Total Operating Expenses	856	851	796	883	669	753	873	874	1,279	941	681
Selling, General & Admin Expense	815	816	754	706	654	669	639	818	906	856	690
Other Operating Expenses / (Income)	15	0.00	0.00	35	15	84	11	0.00	34	-10	-10
Impairment Charge	-	5.10	7.10	69	0.00	0.00	222	0.00	429	185	9.30
Restructuring Charge	26	30	35	73	-	-	0.00	-	-90	-90	-8.50
Total Other Income / (Expense), net	-48	-37	-53	-42	-25	-25	-47	-75	-45	-66	-39
Interest Expense	47	40	53	32	25	30	49	72	47	64	43
Other Income / (Expense), net	-1.70	3.30	-0.40	-10	0.60	4.90	2.10	-3.70	2.80	-2.50	3.30
Income Tax Expense	48	41	23	-9.90	27	17	-46	13	-64	-95	10
Net Income / (Loss) Attributable to Noncontrolling Interest	0.80	0.40	-0.20	-1.00	0.20	0.40	-1.70	-1.60	-0.80	0.40	3.60
Basic Earnings per Share	$1.33	$1.22	$0.90	$0.00	$2.07	$1.48	($1.70)	$0.82	($2.37)	($0.51)	$0.58
Weighted Average Basic Shares Outstanding	98.20M	98.60M	95.30M	96.01M	93M	81.93M	82.48M	81.69M	78.93M	79.75M	80.37M
Diluted Earnings per Share	$1.30	$1.20	$0.89	$0.00	$2.05	$1.44	($1.70)	$0.81	($2.37)	($0.51)	$0.58
Weighted Average Diluted Shares Outstanding	98.20M	98.60M	95.30M	96.01M	93M	81.93M	82.48M	81.69M	78.93M	79.75M	80.37M
Weighted Average Basic & Diluted Shares Outstanding	98.20M	98.60M	95.30M	96.01M	93M	81.93M	82.48M	81.69M	78.93M	79.75M	80.37M
Cash Dividends to Common per Share	$0.24	$0.24	$0.24	$0.24	$0.32	$0.40	$0.40	$0.40	$0.40	$0.40	$0.40

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	39	-362	19	24	8.60	-91	-15	14	24	25
Consolidated Net Income / (Loss)	39	-361	18	24	9.00	-91	-14	16	24	25
Net Income / (Loss) Continuing Operations	39	-361	18	24	9.00	-91	-14	16	24	25
Total Pre-Tax Income	44	-466	28	30	9.40	-202	-14	18	29	29
Total Operating Income	59	-455	45	46	27	-187	-3.10	29	35	40
Total Gross Profit	278	224	236	228	215	193	181	183	199	218
Total Revenue	691	665	599	589	528	527	395	425	440	495
Operating Revenue	691	665	599	589	528	527	395	425	440	495
Total Cost of Revenue	414	441	363	361	312	334	214	242	241	277
Operating Cost of Revenue	414	441	363	361	312	334	214	242	241	277
Total Operating Expenses	219	679	191	182	188	380	185	154	164	178
Selling, General & Admin Expense	217	249	212	196	203	245	177	167	171	175
Other Operating Expenses / (Income)	2.20	1.10	-20	0.00	2.30	7.40	0.00	0.00	1.30	-12
Total Other Income / (Expense), net	-15	-11	-17	-16	-18	-15	-11	-11	-5.80	-11
Interest Expense	13	16	16	16	16	16	12	12	9.60	9.20
Other Income / (Expense), net	-2.70	5.00	-1.20	0.40	-2.40	0.70	0.80	0.80	3.80	-2.10
Income Tax Expense	4.80	-105	10	6.00	0.40	-112	-0.60	2.40	5.10	3.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.20	0.80	-1.00	0.40	0.40	0.60	0.80	1.40	0.70	0.70
Basic Earnings per Share	$0.49	($4.51)	$0.23	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32
Weighted Average Basic Shares Outstanding	78.76M	78.93M	79.43M	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M
Diluted Earnings per Share	$0.48	($4.50)	$0.23	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32
Weighted Average Diluted Shares Outstanding	78.76M	78.93M	79.43M	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M
Weighted Average Basic & Diluted Shares Outstanding	78.76M	78.93M	79.43M	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Change in Cash & Equivalents	9.60	-30	176	111	-338	38	167	-186	-26	49	-33
Net Cash From Operating Activities	315	216	296	203	98	223	309	87	-179	122	180
Net Cash From Continuing Operating Activities	315	216	296	203	98	223	309	87	-179	122	180
Net Income / (Loss) Continuing Operations	134	123	88	-0.70	200	129	-139	67	-189	-39	52
Consolidated Net Income / (Loss)	134	123	88	-0.70	200	129	-139	67	-189	-39	52
Depreciation Expense	53	49	44	37	32	33	33	33	35	35	26
Non-Cash Adjustments To Reconcile Net Income	71	79	94	205	-19	67	284	90	356	54	-1.60
Changes in Operating Assets and Liabilities, net	56	-35	71	-39	-116	-6.30	131	-103	-380	72	104
Net Cash From Investing Activities	-35	-50	-38	-1.00	-22	-62	6.10	-437	55	172	87
Net Cash From Continuing Investing Activities	-35	-50	-38	-1.00	-22	-62	6.10	-437	55	172	87
Purchase of Property, Plant & Equipment	-30	-46	-55	-32	-22	-34	-10	-18	-37	-15	-20
Acquisitions	-1.10	0.00	-0.50	-2.10	0.00	-24	-9.00	-417	-2.80	0.00	0.00
Sale of Property, Plant & Equipment	-	-	-	-	2.20	-	-	0.00	90	189	102
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	27	-	0.00	0.00	7.90
Other Investing Activities, net	-3.70	-3.60	9.60	-5.10	-2.70	-3.50	-1.40	-2.30	3.90	-2.70	-3.30
Net Cash From Financing Activities	-270	-187	-80	-98	-405	-125	-154	169	107	-246	-299
Net Cash From Continuing Financing Activities	-270	-187	-80	-93	-405	-125	-154	169	107	-246	-299
Repayment of Debt	-250	-533	-412	-40	-569	-477	-1,088	-1,175	-750	-862	-658
Repurchase of Common Equity	0.00	-93	-53	-52	-175	-319	-21	-40	-81	0.00	0.00
Payment of Dividends	-24	-24	-24	-23	-29	-34	-34	-34	-33	-33	-33
Issuance of Debt	0.00	450	403	0.00	352	704	1,009	1,410	940	623	384
Issuance of Common Equity	8.30	16	9.60	22	24	18	12	22	8.40	31	3.10
Other Financing Activities, net	-4.90	-2.80	-4.30	-	-8.80	-17	-32	-14	23	-5.80	4.40
Effect of Exchange Rate Changes	0.20	-7.90	-2.70	7.50	-8.70	1.00	5.60	-4.50	-9.00	2.00	-0.20
Cash Interest Paid	42	35	34	32	29	32	41	35	43	64	44
Cash Income Taxes Paid	70	50	35	24	17	23	8.60	28	44	27	20

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Change in Cash & Equivalents	-13	-0.90	-15	60	-15	20	-15	-21	-8.10	12
Net Cash From Operating Activities	-242	311	-98	144	-39	115	-37	27	108	82
Net Cash From Continuing Operating Activities	-242	311	-98	144	-39	115	-37	27	108	82
Net Income / (Loss) Continuing Operations	39	-361	18	24	9.00	-91	-14	16	24	25
Consolidated Net Income / (Loss)	39	-361	18	24	9.00	-91	-14	16	24	25
Depreciation Expense	8.40	9.40	8.50	8.60	9.20	8.80	7.10	6.20	6.10	6.80
Non-Cash Adjustments To Reconcile Net Income	5.80	451	-18	-20	-41	133	-2.60	-19	18	1.60
Changes in Operating Assets and Liabilities, net	-295	212	-106	131	-16	64	-28	23	60	49
Net Cash From Investing Activities	-11	-14	75	-7.50	49	55	85	4.50	5.20	-8.30
Net Cash From Continuing Investing Activities	-11	-14	75	-7.50	49	55	85	4.50	5.20	-8.30
Purchase of Property, Plant & Equipment	-7.40	-13	-7.30	-6.90	-4.30	3.90	-5.10	-3.00	-4.10	-8.00
Other Investing Activities, net	-0.30	-0.60	-0.10	-0.60	-0.60	-1.40	-2.00	-0.40	-0.60	-0.30
Net Cash From Financing Activities	239	-295	8.70	-75	-26	-155	-67	-51	-121	-61
Net Cash From Continuing Financing Activities	239	-295	8.70	-75	-26	-155	-67	-51	-121	-61
Repayment of Debt	-49	-590	-228	-253	-148	-234	-170	-156	-157	-176
Payment of Dividends	-7.90	-8.10	-8.40	-8.00	-8.10	-8.10	-8.10	-8.10	-8.20	-8.10
Issuance of Debt	296	272	250	185	130	58	106	113	44	121
Issuance of Common Equity	-	-	0.10	2.10	-	29	0.00	-	-	3.10
Other Financing Activities, net	-0.20	30	-5.50	-0.20	-0.10	-	5.40	-0.10	-0.30	-0.60
Effect of Exchange Rate Changes	0.50	-3.20	-0.30	-2.20	-	4.50	3.80	-1.90	-0.50	-1.60

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Total Assets	2,505	2,434	2,432	2,399	2,183	2,480	2,137	2,586	2,493	2,063	1,669
Total Current Assets	1,042	1,014	1,031	1,074	868	967	904	904	1,265	1,025	689
Restricted Cash	-	-	-	-	-	-	-	162	132	179	152
Accounts Receivable	313	299	263	271	361	331	268	320	242	231	209
Inventories, net	414	467	349	277	318	348	243	366	745	374	241
Prepaid Expenses	64	54	50	45	46	107	45	57	79	81	86
Other Current Nonoperating Assets	-	-	-	-	-	-	-	0.00	68	161	0.00
Plant, Property, & Equipment, net	137	132	146	137	131	141	125	129	136	96	90
Total Noncurrent Assets	1,326	1,289	1,254	1,188	1,185	1,372	1,109	1,554	1,091	941	891
Goodwill	439	429	424	430	424	439	442	557	485	427	425
Intangible Assets	803	783	762	682	676	682	455	793	341	209	205
Noncurrent Deferred & Refundable Income Taxes	2.80	3.70	2.30	4.30	3.10	2.90	3.20	1.80	25	116	94
Other Noncurrent Operating Assets	65	74	65	72	81	248	208	203	240	189	168
Total Liabilities & Shareholders' Equity	2,505	2,434	2,432	2,399	2,183	2,480	2,137	2,586	2,493	2,063	1,669
Total Liabilities	1,567	1,465	1,458	1,444	1,192	1,702	1,564	1,942	2,154	1,763	1,352
Total Current Liabilities	341	353	334	362	473	787	406	760	1,110	869	533
Short-Term Debt	47	17	40	38	133	373	10	235	435	315	80
Accounts Payable	149	200	151	162	202	202	185	222	272	206	201
Accrued Expenses	145	137	143	162	138	179	177	264	355	290	219
Other Current Liabilities	-	-	-	-	0.00	34	34	38	39	35	34
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	0.00	8.80	24	0.00
Total Noncurrent Liabilities	1,226	1,111	1,124	1,082	718	914	1,158	1,182	1,043	893	819
Long-Term Debt	854	793	780	745	438	426	713	732	723	606	568
Noncurrent Deferred & Payable Income Tax Liabilities	217	179	161	84	108	99	36	119	35	27	29
Noncurrent Employee Benefit Liabilities	128	110	143	142	92	110	147	107	73	78	71
Other Noncurrent Operating Liabilities	27	30	40	111	81	280	263	224	212	182	151
Total Equity & Noncontrolling Interests	938	970	974	955	992	778	573	644	339	300	317
Total Preferred & Common Equity	934	964	967	950	986	767	561	630	321	279	307
Total Common Equity	934	964	967	950	986	767	561	630	321	279	307
Common Stock	142	180	209	256	309	342	363	411	438	477	496
Retained Earnings	852	951	1,015	992	1,170	1,263	1,093	1,128	907	835	850
Treasury Stock	-12	-111	-176	-223	-404	-736	-764	-810	-891	-891	-891
Accumulated Other Comprehensive Income / (Loss)	-50	-56	-81	-75	-88	-102	-131	-99	-133	-142	-148
Noncontrolling Interest	4.50	6.00	7.60	5.60	5.60	12	12	15	18	21	9.20

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	10/1/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024
Total Assets	3,171	2,417	2,357	2,231	1,853	1,796	1,759
Total Current Assets	1,552	1,203	1,164	1,097	826	791	762
Cash & Equivalents	136	116	177	160	170	148	140
Accounts Receivable	440	251	242	272	231	272	244
Inventories, net	881	726	648	564	354	297	286
Prepaid Expenses	95	87	79	85	71	73	92
Other Current Nonoperating Assets	0.00	22	19	16	0.00	0.00	0.00
Plant, Property, & Equipment, net	126	141	134	127	93	90	89
Total Noncurrent Assets	1,493	1,074	1,059	1,008	935	915	908
Goodwill	527	467	470	465	426	426	431
Intangible Assets	726	337	338	294	207	207	213
Noncurrent Deferred & Refundable Income Taxes	0.80	29	25	26	116	116	93
Other Noncurrent Operating Assets	239	242	226	222	185	167	172
Total Liabilities & Shareholders' Equity	3,171	2,417	2,357	2,231	1,853	1,796	1,759
Total Liabilities	2,496	2,072	1,990	1,869	1,593	1,526	1,462
Total Current Liabilities	1,331	1,036	964	852	730	666	619
Short-Term Debt	750	460	395	380	275	235	135
Accounts Payable	318	227	252	197	202	182	230
Accrued Expenses	230	304	274	233	217	216	220
Other Current Liabilities	34	39	39	39	37	33	33
Other Current Nonoperating Liabilities	0.00	5.60	4.10	3.10	0.00	0.00	0.00
Total Noncurrent Liabilities	1,165	1,036	1,026	1,017	863	860	843
Long-Term Debt	725	721	719	716	582	580	568
Noncurrent Deferred & Payable Income Tax Liabilities	116	34	34	34	27	28	28
Noncurrent Employee Benefit Liabilities	103	73	72	72	78	77	76
Other Noncurrent Operating Liabilities	221	209	202	195	176	176	172
Total Equity & Noncontrolling Interests	674	345	367	363	260	270	297
Total Preferred & Common Equity	657	327	347	342	253	262	288
Total Common Equity	657	327	347	342	253	262	288
Common Stock	431	437	440	444	479	485	490
Retained Earnings	1,277	918	934	935	812	818	833
Treasury Stock	-891	-891	-891	-891	-891	-891	-891
Accumulated Other Comprehensive Income / (Loss)	-160	-137	-136	-145	-148	-150	-144
Noncontrolling Interest	17	18	20	20	7.60	8.30	8.60

This table displays calculated financial ratios and metrics derived from Wolverine World Wide's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.60%	-2.52%	-7.32%	-5.80%	-4.71%	1.54%	-21.23%	34.83%	11.18%	-16.46%	-21.75%
EBITDA Growth	13.05%	-10.09%	-18.25%	-71.63%	383.82%	-26.55%	-148.99%	281.21%	-192.33%	79.18%	466.57%
EBIT Growth	18.36%	-10.43%	-20.06%	-86.84%	1,074.42%	-30.34%	-176.75%	212.59%	-235.26%	65.61%	247.52%
NOPAT Growth	11.52%	-11.25%	-13.83%	-82.95%	903.08%	-31.91%	-163.52%	235.37%	-212.29%	67.27%	276.87%
Net Income Growth	32.57%	-7.99%	-28.98%	-100.80%	28,714.29%	-35.65%	-207.53%	148.34%	-382.24%	79.27%	231.38%
EPS Growth	31.31%	-7.69%	-25.83%	-100.00%	0.00%	-29.76%	-218.06%	147.65%	-392.59%	78.48%	213.73%
Operating Cash Flow Growth	55.51%	-31.50%	37.49%	-31.59%	-51.90%	128.31%	38.86%	-71.92%	-306.11%	168.08%	47.87%
Free Cash Flow Firm Growth	306.39%	-49.86%	77.31%	-34.40%	-68.64%	191.34%	102.52%	-205.50%	99.25%	12,807.19%	-49.77%
Invested Capital Growth	-8.93%	-0.82%	-10.12%	-11.80%	12.91%	-1.61%	-32.09%	52.88%	-9.87%	-30.70%	-10.27%
Revenue Q/Q Growth	2.53%	-2.10%	-0.86%	-6.04%	0.04%	1.24%	-5.18%	5.50%	1.11%	-5.81%	-1.79%
EBITDA Q/Q Growth	1.77%	-3.84%	-0.67%	-62.08%	72.33%	-19.43%	-202.61%	1,799.08%	-163.45%	88.07%	242.78%
EBIT Q/Q Growth	3.59%	-4.58%	0.62%	-81.02%	89.85%	-22.41%	-303.31%	453.49%	-187.79%	78.85%	187.21%
NOPAT Q/Q Growth	3.05%	-3.72%	1.34%	-80.38%	84.56%	-22.75%	-230.14%	567.48%	-176.05%	79.70%	195.97%
Net Income Q/Q Growth	10.30%	0.57%	-14.05%	-101.21%	99.90%	-23.59%	-531.78%	175.11%	-220.68%	87.33%	179.97%
EPS Q/Q Growth	9.24%	1.69%	-13.59%	-100.00%	99.03%	-22.16%	-525.00%	171.68%	-220.92%	86.79%	165.17%
Operating Cash Flow Q/Q Growth	64.20%	-30.42%	19.04%	0.05%	-18.20%	50.92%	-9.65%	-54.46%	57.45%	-61.73%	-15.25%
Free Cash Flow Firm Q/Q Growth	305.96%	-49.46%	37.76%	-9.72%	-31.89%	94.15%	-6.43%	-76.57%	99.18%	-28.23%	-47.55%
Invested Capital Q/Q Growth	-11.79%	-3.61%	-8.78%	-14.16%	-5.19%	-12.88%	-27.07%	-2.24%	-35.10%	-29.57%	-5.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.34%	39.07%	38.48%	38.91%	41.14%	40.63%	41.07%	42.65%	39.87%	38.90%	44.53%
EBITDA Margin	10.20%	9.40%	8.29%	2.50%	12.68%	9.17%	-5.71%	7.67%	-6.37%	-1.59%	7.44%
Operating Margin	8.33%	7.47%	6.57%	1.34%	11.25%	7.52%	-7.65%	6.45%	-7.76%	-3.04%	5.76%
EBIT Margin	8.26%	7.59%	6.55%	0.91%	11.28%	7.74%	-7.54%	6.29%	-7.66%	-3.15%	5.94%
Profit (Net Income) Margin	4.85%	4.58%	3.51%	-0.03%	8.95%	5.67%	-7.74%	2.77%	-7.04%	-1.75%	2.93%
Tax Burden Percent	73.77%	74.85%	79.19%	6.60%	88.08%	88.35%	75.29%	83.44%	74.77%	29.21%	83.60%
Interest Burden Percent	79.54%	80.53%	67.63%	-49.30%	90.06%	82.94%	136.37%	52.83%	123.01%	189.82%	59.06%
Effective Tax Rate	26.23%	25.15%	20.81%	0.00%	11.92%	11.65%	0.00%	16.56%	0.00%	0.00%	16.40%
Return on Invested Capital (ROIC)	10.11%	9.46%	8.62%	1.65%	16.58%	10.73%	-8.19%	10.84%	-10.59%	-4.32%	9.83%
ROIC Less NNEP Spread (ROIC-NNEP)	5.58%	5.17%	0.70%	-4.42%	10.66%	6.49%	-16.77%	0.18%	-15.46%	-3.23%	3.85%
Return on Net Nonoperating Assets (RNNOA)	4.94%	3.46%	0.39%	-1.72%	3.99%	3.83%	-12.32%	0.17%	-27.87%	-7.95%	6.88%
Return on Equity (ROE)	15.05%	12.92%	9.00%	-0.07%	20.58%	14.57%	-20.51%	11.01%	-38.46%	-12.27%	16.71%
Cash Return on Invested Capital (CROIC)	19.46%	10.28%	19.27%	14.19%	4.46%	12.35%	30.04%	-30.99%	-0.20%	31.94%	20.66%
Operating Return on Assets (OROA)	8.90%	8.28%	6.72%	0.89%	11.02%	7.54%	-5.85%	6.44%	-8.10%	-3.10%	5.59%
Return on Assets (ROA)	5.22%	4.99%	3.60%	-0.03%	8.74%	5.53%	-6.00%	2.84%	-7.45%	-1.72%	2.76%
Return on Common Equity (ROCE)	14.98%	12.85%	8.94%	-0.07%	20.46%	14.42%	-20.16%	10.77%	-37.16%	-11.51%	15.88%
Return on Equity Simple (ROE_SIMPLE)	14.34%	12.78%	9.05%	-0.07%	20.31%	16.81%	-24.69%	10.64%	-58.98%	-14.07%	16.76%
Net Operating Profit after Tax (NOPAT)	170	151	130	22	222	151	-96	130	-146	-48	84
NOPAT Margin	6.14%	5.59%	5.20%	0.94%	9.91%	6.64%	-5.36%	5.38%	-5.43%	-2.13%	4.81%
Net Nonoperating Expense Percent (NNEP)	4.54%	4.28%	7.91%	6.07%	5.92%	4.24%	8.59%	10.66%	4.88%	-1.09%	5.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-9.74%	-3.91%	8.75%
Cost of Revenue to Revenue	60.66%	60.93%	61.52%	61.09%	58.86%	59.37%	58.93%	57.35%	60.13%	61.10%	55.47%
SG&A Expenses to Revenue	29.52%	30.32%	30.23%	30.04%	29.21%	29.44%	35.70%	33.86%	33.76%	38.17%	39.32%
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	31.02%	31.60%	31.91%	37.57%	29.89%	33.11%	48.72%	36.20%	47.63%	41.94%	38.77%
Earnings before Interest and Taxes (EBIT)	228	204	163	22	253	176	-135	152	-206	-71	104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	282	253	207	59	284	209	-102	185	-171	-36	131
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.71	1.54	1.96	2.84	2.77	3.21	4.20	3.51	2.52	2.47	5.83
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.92	0.55	0.76	1.15	1.22	1.08	1.32	0.91	0.30	0.31	1.02
Price to Earnings (P/E)	18.99	12.12	21.63	8,983.73	13.67	19.13	0.00	32.21	0.00	0.00	37.41
Dividend Yield	0.96%	1.66%	1.25%	0.85%	1.04%	1.25%	1.39%	1.49%	3.90%	4.62%	1.79%
Earnings Yield	5.27%	8.25%	4.62%	0.01%	7.32%	5.23%	0.00%	3.10%	0.00%	0.00%	2.67%
Enterprise Value to Invested Capital (EV/IC)	2.01	1.33	1.65	2.39	2.23	2.21	2.90	2.09	1.42	1.60	2.83
Enterprise Value to Revenue (EV/Rev)	1.16	0.78	0.94	1.28	1.41	1.36	1.53	1.25	0.69	0.65	1.31
Enterprise Value to EBITDA (EV/EBITDA)	11.40	8.34	11.39	51.15	11.16	14.80	0.00	16.36	0.00	0.00	17.60
Enterprise Value to EBIT (EV/EBIT)	14.06	10.32	14.42	139.64	12.55	17.56	0.00	19.93	0.00	0.00	22.02
Enterprise Value to NOPAT (EV/NOPAT)	18.92	14.02	18.16	135.73	14.28	20.44	0.00	23.32	0.00	0.00	27.20
Enterprise Value to Operating Cash Flow (EV/OCF)	10.20	9.79	7.95	14.81	32.49	13.87	8.88	34.90	0.00	11.92	12.75
Enterprise Value to Free Cash Flow (EV/FCFF)	9.83	12.90	8.12	15.78	53.09	17.76	7.80	0.00	0.00	4.11	12.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.96	0.84	0.84	0.82	0.58	1.03	1.26	1.50	3.42	3.07	2.05
Long-Term Debt to Equity	0.91	0.82	0.80	0.78	0.44	0.55	1.24	1.14	2.13	2.02	1.79
Financial Leverage	0.88	0.67	0.55	0.39	0.37	0.59	0.73	0.97	1.80	2.46	1.79
Leverage Ratio	2.88	2.59	2.50	2.50	2.35	2.63	3.42	3.88	5.16	7.13	6.05
Compound Leverage Factor	2.29	2.08	1.69	-1.23	2.12	2.19	4.66	2.05	6.35	13.53	3.57
Debt to Total Capital	48.99%	45.51%	45.73%	45.03%	36.52%	50.63%	55.77%	60.01%	77.35%	75.43%	67.19%
Short-Term Debt to Total Capital	2.54%	0.95%	2.25%	2.19%	8.48%	23.62%	0.77%	14.59%	29.06%	25.80%	8.29%
Long-Term Debt to Total Capital	46.45%	44.56%	43.48%	42.85%	28.04%	27.01%	55.00%	45.42%	48.30%	49.62%	58.89%
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	0.24%	0.34%	0.42%	0.32%	0.36%	0.74%	0.90%	0.92%	1.23%	1.75%	0.95%
Common Equity to Total Capital	50.77%	54.16%	53.85%	54.64%	63.12%	48.62%	43.33%	39.08%	21.42%	22.82%	31.86%
Debt to EBITDA	3.20	3.20	3.97	13.33	2.01	3.83	-7.07	5.22	-6.77	-25.87	4.97
Net Debt to EBITDA	2.41	2.43	2.18	5.14	1.50	2.96	-3.67	4.35	-6.00	-20.84	3.80
Long-Term Debt to EBITDA	3.03	3.13	3.77	12.68	1.54	2.04	-6.97	3.95	-4.23	-17.02	4.35
Debt to NOPAT	5.31	5.38	6.33	35.38	2.57	5.28	-7.53	7.44	-7.94	-19.29	7.67
Net Debt to NOPAT	3.99	4.09	3.48	13.63	1.93	4.09	-3.91	6.20	-7.04	-15.54	5.87
Long-Term Debt to NOPAT	5.04	5.27	6.02	33.66	1.97	2.82	-7.42	5.63	-4.96	-12.69	6.73
Altman Z-Score	3.18	2.86	2.96	3.06	3.75	2.82	2.53	2.49	1.61	1.87	2.88
Noncontrolling Interest Sharing Ratio	0.47%	0.55%	0.70%	0.68%	0.58%	0.98%	1.72%	2.17%	3.38%	6.23%	4.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.06	2.87	3.09	2.97	1.83	1.23	2.23	1.19	1.14	1.18	1.29
Quick Ratio	1.57	1.40	1.90	2.08	1.07	0.65	1.52	0.42	0.22	0.27	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	326	164	290	190	60	174	352	-371	-2.78	353	177
Operating Cash Flow to CapEx	1,048.67%	464.44%	535.80%	625.62%	500.00%	647.09%	3,000.97%	493.18%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	6.99	4.11	5.48	5.93	2.38	5.80	7.17	-5.18	-0.06	5.56	4.16
Operating Cash Flow to Interest Expense	6.74	5.41	5.60	6.31	3.88	7.42	6.30	1.21	-3.78	1.92	4.22
Operating Cash Flow Less CapEx to Interest Expense	6.09	4.25	4.56	5.31	3.11	6.27	6.09	0.97	-2.65	4.66	6.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.09	1.03	0.97	0.98	0.98	0.78	1.02	1.06	0.98	0.94
Accounts Receivable Turnover	7.77	8.80	8.87	8.79	7.08	6.57	5.98	8.22	9.57	9.49	7.97
Inventory Turnover	3.98	3.72	3.76	4.59	4.44	4.06	3.57	4.55	2.91	2.45	3.17
Fixed Asset Turnover	19.13	20.06	17.97	16.62	16.74	16.72	13.49	19.05	20.25	19.29	18.87
Accounts Payable Turnover	11.77	9.40	8.76	9.17	7.23	6.68	5.45	6.80	6.53	5.73	4.79
Days Sales Outstanding (DSO)	46.98	41.47	41.13	41.52	51.55	55.58	61.08	44.43	38.15	38.45	45.78
Days Inventory Outstanding (DIO)	91.77	98.00	96.95	79.50	82.30	90.01	102.24	80.19	125.56	148.99	115.14
Days Payable Outstanding (DPO)	31.01	38.85	41.68	39.80	50.49	54.67	66.93	53.64	55.88	63.68	76.28
Cash Conversion Cycle (CCC)	107.74	100.62	96.40	81.22	83.36	90.92	96.39	70.98	107.84	123.76	84.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,599	1,585	1,425	1,257	1,419	1,396	948	1,450	1,306	905	812
Invested Capital Turnover	1.65	1.69	1.66	1.75	1.67	1.62	1.53	2.01	1.95	2.03	2.04
Increase / (Decrease) in Invested Capital	-157	-13	-160	-168	162	-23	-448	501	-143	-401	-93
Enterprise Value (EV)	3,209	2,110	2,356	3,002	3,168	3,088	2,746	3,029	1,852	1,452	2,297
Market Capitalization	2,527	1,489	1,897	2,695	2,735	2,459	2,359	2,209	808	688	1,792
Book Value per Share	$9.19	$9.37	$9.80	$9.92	$10.40	$9.48	$6.84	$7.64	$4.07	$3.50	$3.84
Tangible Book Value per Share	($3.03)	($2.41)	($2.23)	($1.69)	($1.21)	($4.38)	($4.10)	($8.74)	($6.42)	($4.50)	($4.02)
Total Capital	1,839	1,780	1,795	1,738	1,562	1,577	1,296	1,611	1,497	1,221	965
Total Debt	901	810	821	783	571	798	723	967	1,158	921	648
Total Long-Term Debt	854	793	780	745	438	426	713	732	723	606	568
Net Debt	677	616	451	302	427	618	375	805	1,027	742	496
Capital Expenditures (CapEx)	30	46	55	32	20	34	10	18	-54	-174	-82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	524	483	368	269	384	372	161	217	459	292	83
Debt-free Net Working Capital (DFNWC)	748	677	738	750	527	552	508	379	590	471	235
Net Working Capital (NWC)	702	661	698	712	395	180	498	144	155	156	155
Net Nonoperating Expense (NNE)	36	27	42	23	22	22	43	63	43	-8.54	33
Net Nonoperating Obligations (NNO)	661	616	451	302	427	618	375	805	967	605	496
Total Depreciation and Amortization (D&A)	53	49	44	37	32	33	33	33	35	35	26
Debt-free, Cash-free Net Working Capital to Revenue	18.99%	17.96%	14.76%	11.45%	17.15%	16.34%	8.98%	9.00%	17.08%	13.01%	4.75%
Debt-free Net Working Capital to Revenue	27.10%	25.17%	29.59%	31.91%	23.54%	24.29%	28.37%	15.70%	21.98%	20.99%	13.41%
Net Working Capital to Revenue	25.41%	24.54%	27.97%	30.30%	17.62%	7.90%	27.82%	5.97%	5.77%	6.94%	8.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.33	$1.22	$0.90	$0.00	$2.07	$1.48	($1.70)	$0.82	($2.37)	($0.51)	$0.58
Adjusted Weighted Average Basic Shares Outstanding	103.08M	99.89M	96.73M	96.01M	91.52M	81.93M	82.48M	81.69M	78.93M	79.75M	80.37M
Adjusted Diluted Earnings per Share	$1.30	$1.20	$0.89	$0.00	$2.05	$1.44	($1.70)	$0.81	($2.37)	($0.51)	$0.58
Adjusted Weighted Average Diluted Shares Outstanding	103.08M	99.89M	96.73M	96.01M	91.52M	81.93M	82.48M	81.69M	78.93M	79.75M	80.37M
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	103.08M	99.89M	96.73M	96.01M	91.52M	81.93M	82.48M	81.69M	78.93M	79.75M	80.37M
Normalized Net Operating Profit after Tax (NOPAT)	189	176	163	121	222	151	60	177	91	19	85
Normalized NOPAT Margin	6.84%	6.55%	6.53%	5.16%	9.91%	6.64%	3.33%	7.33%	3.40%	0.83%	4.85%
Pre Tax Income Margin	6.57%	6.12%	4.43%	-0.45%	10.16%	6.42%	-10.28%	3.33%	-9.42%	-5.98%	3.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.89	5.14	3.09	0.67	10.06	5.86	-2.75	2.12	-4.35	-1.11	2.44
NOPAT to Interest Expense	3.63	3.78	2.45	0.69	8.84	5.04	-1.95	1.81	-3.08	-0.75	1.98
EBIT Less CapEx to Interest Expense	4.24	3.97	2.04	-0.34	9.28	4.72	-2.96	1.87	-3.22	1.63	4.37
NOPAT Less CapEx to Interest Expense	2.99	2.62	1.41	-0.32	8.06	3.89	-2.16	1.57	-1.95	1.99	3.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.92%	19.81%	26.86%	-3,285.71%	14.28%	26.07%	-24.24%	50.00%	-17.35%	-83.16%	63.11%
Augmented Payout Ratio	17.92%	94.97%	87.09%	-10,642.86%	101.50%	273.70%	-39.39%	109.10%	-60.34%	-83.16%	63.11%

This table displays calculated financial ratios and metrics derived from Wolverine World Wide's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.59%	4.63%	-2.50%	-17.45%	-23.68%	-20.80%	-34.12%	-27.82%	-16.58%	-6.08%
EBITDA Growth	25.00%	-220,250.00%	80.14%	-68.62%	-47.13%	59.71%	-90.87%	-34.48%	32.26%	125.08%
EBIT Growth	30.77%	-4,442.42%	113.04%	-72.21%	-55.62%	58.59%	-105.22%	-35.70%	56.63%	120.25%
NOPAT Growth	75.89%	-5,126.44%	110.01%	-72.17%	-50.05%	58.90%	-107.53%	-31.84%	11.31%	127.01%
Net Income Growth	4,950.00%	-2,305.33%	114.29%	-80.40%	-76.80%	74.89%	-176.11%	-36.07%	170.00%	127.92%
EPS Growth	0.00%	-2,547.06%	91.67%	-80.39%	-77.08%	74.44%	-182.61%	-43.33%	154.55%	127.83%
Operating Cash Flow Growth	-598.27%	345.99%	-5.73%	192.47%	83.95%	-63.12%	61.96%	-81.42%	378.15%	-28.22%
Free Cash Flow Firm Growth	-212.71%	65.48%	134.73%	183.39%	257.65%	254.22%	125.50%	-22.68%	-39.57%	-52.50%
Invested Capital Growth	35.77%	-9.87%	-10.75%	-25.92%	-36.14%	-30.70%	-31.98%	-27.32%	-33.16%	-10.27%
Revenue Q/Q Growth	-3.11%	-3.82%	-9.86%	-1.72%	-10.42%	-0.19%	-25.02%	7.67%	3.53%	12.38%
EBITDA Q/Q Growth	-63.27%	-782.64%	111.95%	4.75%	-38.11%	-620.23%	102.71%	652.08%	24.93%	-1.33%
EBIT Q/Q Growth	-66.47%	-901.60%	109.81%	5.44%	-46.45%	-847.79%	98.76%	1,400.00%	30.43%	-3.33%
NOPAT Q/Q Growth	-60.65%	-708.28%	109.05%	28.42%	-29.36%	-600.53%	98.34%	1,262.21%	15.36%	21.44%
Net Income Q/Q Growth	-68.84%	-1,029.90%	104.99%	35.56%	-63.11%	-1,106.67%	84.88%	213.87%	55.77%	4.12%
EPS Q/Q Growth	-68.63%	-1,037.50%	105.11%	30.43%	-63.33%	-1,145.45%	83.48%	189.47%	64.71%	14.29%
Operating Cash Flow Q/Q Growth	-55.92%	228.48%	-131.42%	246.93%	-127.07%	395.12%	-132.40%	171.77%	305.24%	-23.84%
Free Cash Flow Firm Q/Q Growth	18.33%	63.35%	212.17%	148.33%	54.41%	-64.15%	64.02%	-14.85%	20.69%	-71.82%
Invested Capital Q/Q Growth	15.70%	-35.10%	6.60%	-7.45%	-0.26%	-29.57%	4.63%	-1.11%	-8.27%	-5.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.18%	33.71%	39.42%	38.67%	40.82%	36.64%	45.94%	43.09%	45.25%	44.01%
EBITDA Margin	9.33%	-66.21%	8.78%	9.35%	6.46%	-33.68%	1.22%	8.49%	10.25%	9.00%
Operating Margin	8.50%	-68.38%	7.56%	7.83%	5.17%	-35.49%	-0.79%	6.84%	8.00%	8.05%
EBIT Margin	8.11%	-67.62%	7.36%	7.89%	4.72%	-35.35%	-0.58%	7.03%	8.86%	7.62%
Profit (Net Income) Margin	5.61%	-54.26%	3.00%	4.14%	1.71%	-17.20%	-3.47%	3.67%	5.52%	5.11%
Tax Burden Percent	88.99%	77.47%	63.60%	80.26%	95.74%	44.79%	95.80%	86.67%	82.65%	88.77%
Interest Burden Percent	77.72%	103.56%	64.17%	65.38%	37.75%	108.65%	621.74%	60.20%	75.38%	75.60%
Effective Tax Rate	11.01%	0.00%	36.40%	19.74%	4.26%	0.00%	0.00%	13.33%	17.35%	11.23%
Return on Invested Capital (ROIC)	11.50%	-93.26%	8.69%	10.56%	7.15%	-50.38%	-0.96%	9.99%	11.01%	14.59%
ROIC Less NNEP Spread (ROIC-NNEP)	10.26%	-98.05%	7.61%	9.29%	5.64%	-45.26%	-2.29%	8.78%	10.37%	12.77%
Return on Net Nonoperating Assets (RNNOA)	16.99%	-176.73%	15.79%	18.07%	12.29%	-111.41%	-6.56%	21.88%	23.36%	22.81%
Return on Equity (ROE)	28.48%	-269.99%	24.49%	28.63%	19.44%	-161.78%	-7.52%	31.87%	34.37%	37.41%
Cash Return on Invested Capital (CROIC)	-19.37%	-0.20%	2.70%	15.71%	29.84%	31.94%	31.09%	23.24%	31.55%	20.66%
Operating Return on Assets (OROA)	7.36%	-71.49%	7.61%	7.57%	4.16%	-34.81%	-0.56%	6.35%	7.94%	7.17%
Return on Assets (ROA)	5.09%	-57.36%	3.11%	3.97%	1.50%	-16.94%	-3.31%	3.31%	4.94%	4.81%
Return on Common Equity (ROCE)	27.78%	-260.87%	23.55%	27.57%	18.74%	-151.71%	-7.20%	30.45%	32.86%	35.55%
Return on Equity Simple (ROE_SIMPLE)	23.85%	0.00%	-54.96%	-80.62%	-90.36%	0.00%	-28.08%	-30.41%	-22.35%	0.00%
Net Operating Profit after Tax (NOPAT)	52	-318	29	37	26	-131	-2.17	25	29	35
NOPAT Margin	7.57%	-47.86%	4.81%	6.28%	4.95%	-24.84%	-0.55%	5.93%	6.61%	7.14%
Net Nonoperating Expense Percent (NNEP)	1.24%	4.80%	1.09%	1.26%	1.52%	-5.12%	1.33%	1.21%	0.65%	1.82%
Return On Investment Capital (ROIC_SIMPLE)	-	-21.26%	-	-	-	-10.72%	-	-	-	3.66%
Cost of Revenue to Revenue	59.82%	66.29%	60.58%	61.33%	59.18%	63.36%	54.06%	56.91%	54.75%	55.99%
SG&A Expenses to Revenue	31.36%	37.46%	35.37%	33.19%	38.53%	46.59%	44.77%	39.18%	38.89%	35.46%
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	31.67%	102.09%	31.87%	30.84%	35.65%	72.13%	46.72%	36.24%	37.26%	35.96%
Earnings before Interest and Taxes (EBIT)	56	-450	44	47	25	-186	-2.30	30	39	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	65	-440	53	55	34	-177	4.80	36	45	45
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	2.52	3.96	3.23	1.81	2.47	3.53	4.09	4.83	5.83
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.43	0.30	0.48	0.44	0.26	0.31	0.44	0.57	0.78	1.02
Price to Earnings (P/E)	7.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.41
Dividend Yield	2.75%	3.90%	2.44%	2.84%	5.13%	4.62%	3.57%	2.98%	2.30%	1.79%
Earnings Yield	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.67%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.42	1.71	1.61	1.23	1.60	1.67	1.87	2.29	2.83
Enterprise Value to Revenue (EV/Rev)	0.94	0.69	0.89	0.82	0.66	0.65	0.78	0.93	1.10	1.31
Enterprise Value to EBITDA (EV/EBITDA)	9.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.60
Enterprise Value to EBIT (EV/EBIT)	10.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	22.02
Enterprise Value to NOPAT (EV/NOPAT)	13.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.20
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	18.08	4.95	11.92	8.70	26.72	9.24	12.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	59.67	8.74	3.20	4.11	4.36	6.76	5.81	12.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.19	3.42	3.43	3.03	3.02	3.07	3.29	3.01	2.37	2.05
Long-Term Debt to Equity	1.08	2.13	2.09	1.96	1.97	2.02	2.24	2.14	1.91	1.79
Financial Leverage	1.66	1.80	2.08	1.94	2.18	2.46	2.87	2.49	2.25	1.79
Leverage Ratio	4.45	5.16	5.38	5.16	5.21	7.13	7.06	6.52	6.05	6.05
Compound Leverage Factor	3.46	5.35	3.45	3.37	1.97	7.75	43.91	3.92	4.56	4.58
Debt to Total Capital	68.63%	77.35%	77.41%	75.22%	75.14%	75.43%	76.71%	75.08%	70.32%	67.19%
Short-Term Debt to Total Capital	34.89%	29.06%	30.16%	26.68%	26.05%	25.80%	24.62%	21.66%	13.51%	8.29%
Long-Term Debt to Total Capital	33.74%	48.30%	47.26%	48.53%	49.10%	49.62%	52.09%	53.42%	56.81%	58.89%
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	0.80%	1.23%	1.17%	1.36%	1.39%	1.75%	0.68%	0.76%	0.86%	0.95%
Common Equity to Total Capital	30.56%	21.42%	21.41%	23.43%	23.47%	22.82%	22.61%	24.15%	28.82%	31.86%
Debt to EBITDA	5.47	-6.77	-8.00	-4.15	-3.67	-25.87	-10.27	-7.96	-7.69	4.97
Net Debt to EBITDA	4.97	-6.00	-7.21	-3.50	-3.14	-20.84	-8.24	-6.51	-6.16	3.80
Long-Term Debt to EBITDA	2.69	-4.23	-4.88	-2.68	-2.40	-17.02	-6.98	-5.66	-6.21	4.35
Debt to NOPAT	7.69	-7.94	-9.23	-5.22	-4.66	-19.29	-10.50	-8.71	-7.99	7.67
Net Debt to NOPAT	6.98	-7.04	-8.32	-4.40	-3.98	-15.54	-8.42	-7.13	-6.39	5.87
Long-Term Debt to NOPAT	3.78	-4.96	-5.64	-3.37	-3.05	-12.69	-7.13	-6.20	-6.45	6.73
Altman Z-Score	1.82	1.29	2.15	2.14	2.02	1.68	2.11	2.24	2.42	2.75
Noncontrolling Interest Sharing Ratio	2.47%	3.38%	3.80%	3.69%	3.63%	6.23%	4.22%	4.46%	4.38%	4.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.17	1.14	1.16	1.21	1.29	1.18	1.13	1.19	1.23	1.29
Quick Ratio	0.43	0.22	0.35	0.43	0.51	0.27	0.55	0.63	0.62	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-478	-175	197	488	754	270	443	377	455	128
Operating Cash Flow to CapEx	-3,274.32%	2,394.62%	-1,339.73%	2,082.61%	-904.65%	0.00%	-729.41%	890.00%	2,639.02%	1,030.00%
Free Cash Flow to Firm to Interest Expense	-38.24	-10.95	12.44	30.31	48.62	16.78	36.93	31.71	47.44	13.95
Operating Cash Flow to Interest Expense	-19.38	19.46	-6.19	8.93	-2.51	7.13	-3.10	2.24	11.27	8.96
Operating Cash Flow Less CapEx to Interest Expense	-19.98	18.64	-6.65	8.50	-2.79	7.37	-3.53	1.99	10.84	8.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	1.06	1.03	0.96	0.88	0.98	0.95	0.90	0.90	0.94
Accounts Receivable Turnover	6.62	9.57	8.59	7.69	6.69	9.49	8.45	7.30	6.92	7.97
Inventory Turnover	2.39	2.91	2.69	2.45	2.05	2.45	2.26	2.33	2.43	3.17
Fixed Asset Turnover	20.97	20.25	19.85	19.44	18.86	19.29	17.49	16.70	16.61	18.87
Accounts Payable Turnover	5.31	6.53	6.24	5.54	5.74	5.73	5.69	5.08	4.82	4.79
Days Sales Outstanding (DSO)	55.16	38.15	42.51	47.44	54.57	38.45	43.19	50.01	52.74	45.78
Days Inventory Outstanding (DIO)	152.54	125.56	135.89	148.82	178.45	148.99	161.48	156.57	150.45	115.14
Days Payable Outstanding (DPO)	68.79	55.88	58.51	65.92	63.62	63.68	64.16	71.87	75.75	76.28
Cash Conversion Cycle (CCC)	138.92	107.84	119.88	130.33	169.39	123.76	140.51	134.71	127.44	84.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,013	1,306	1,393	1,289	1,286	905	947	937	859	812
Invested Capital Turnover	1.52	1.95	1.81	1.68	1.44	2.03	1.74	1.68	1.67	2.04
Increase / (Decrease) in Invested Capital	530	-143	-168	-451	-727	-401	-445	-352	-426	-93
Enterprise Value (EV)	2,502	1,852	2,376	2,078	1,576	1,452	1,586	1,747	1,964	2,297
Market Capitalization	1,146	808	1,293	1,121	620	688	892	1,073	1,393	1,792
Book Value per Share	$8.34	$4.07	$4.14	$4.37	$4.31	$3.50	$3.16	$3.28	$3.60	$3.84
Tangible Book Value per Share	($7.57)	($6.42)	($6.04)	($5.81)	($5.25)	($4.50)	($4.76)	($4.63)	($4.44)	($4.02)
Total Capital	2,149	1,497	1,525	1,480	1,459	1,221	1,117	1,085	1,000	965
Total Debt	1,475	1,158	1,181	1,114	1,096	921	857	815	703	648
Total Long-Term Debt	725	723	721	719	716	606	582	580	568	568
Net Debt	1,339	1,027	1,065	937	936	742	687	666	563	496
Capital Expenditures (CapEx)	7.40	13	7.30	6.90	4.30	-3.90	5.10	3.00	4.10	8.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	834	459	511	418	465	292	201	212	139	83
Debt-free Net Working Capital (DFNWC)	971	590	627	595	626	471	371	360	279	235
Net Working Capital (NWC)	221	155	167	200	246	156	96	125	144	155
Net Nonoperating Expense (NNE)	14	43	11	13	17	-40	12	9.62	4.79	10
Net Nonoperating Obligations (NNO)	1,339	967	1,048	922	923	605	687	666	563	496
Total Depreciation and Amortization (D&A)	8.40	9.40	8.50	8.60	9.20	8.80	7.10	6.20	6.10	6.80
Debt-free, Cash-free Net Working Capital to Revenue	31.41%	17.08%	19.12%	16.43%	19.53%	13.01%	9.86%	11.30%	7.75%	4.75%
Debt-free Net Working Capital to Revenue	36.55%	21.98%	23.48%	23.37%	26.27%	20.99%	18.18%	19.22%	15.60%	13.41%
Net Working Capital to Revenue	8.30%	5.77%	6.24%	7.85%	10.31%	6.94%	4.69%	6.68%	8.04%	8.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	($4.51)	$0.23	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32
Adjusted Weighted Average Basic Shares Outstanding	78.76M	78.93M	79.43M	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M
Adjusted Diluted Earnings per Share	$0.48	($4.50)	$0.23	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	78.76M	78.93M	79.43M	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	78.76M	78.93M	79.43M	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M
Normalized Net Operating Profit after Tax (NOPAT)	52	-318	28	26	9.38	-40	3.22	14	22	35
Normalized NOPAT Margin	7.57%	-47.86%	4.71%	4.40%	1.78%	-7.63%	0.82%	3.38%	5.01%	7.14%
Pre Tax Income Margin	6.31%	-70.03%	4.72%	5.16%	1.78%	-38.41%	-3.62%	4.23%	6.68%	5.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.49	-28.11	2.79	2.89	1.61	-11.57	-0.19	2.51	4.06	4.10
NOPAT to Interest Expense	4.19	-19.89	1.82	2.30	1.69	-8.13	-0.18	2.12	3.03	3.84
EBIT Less CapEx to Interest Expense	3.90	-28.92	2.33	2.46	1.33	-11.32	-0.62	2.26	3.64	3.23
NOPAT Less CapEx to Interest Expense	3.59	-20.71	1.36	1.87	1.41	-7.88	-0.61	1.87	2.60	2.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.06%	-17.35%	-18.27%	-11.59%	-10.54%	-83.16%	-45.56%	-40.65%	-50.47%	63.11%
Augmented Payout Ratio	81.05%	-60.34%	-18.27%	-11.59%	-10.54%	-83.16%	-45.56%	-40.65%	-50.47%	63.11%

Frequently Asked Questions About Wolverine World Wide's Financials

When does Wolverine World Wide's financial year end?

According to the most recent income statement we have on file, Wolverine World Wide's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Wolverine World Wide's net income changed over the last 10 years?

Wolverine World Wide's net income appears to be on a downward trend, with a most recent value of $51.50 million in 2024, falling from $133.90 million in 2014. The previous period was -$39.20 million in 2023. See where experts think Wolverine World Wide is headed by visiting Wolverine World Wide's forecast page.

What is Wolverine World Wide's operating income?

Wolverine World Wide's total operating income in 2024 was $101 million, based on the following breakdown:

Total Gross Profit: $781.50 million
Total Operating Expenses: $680.50 million

How has Wolverine World Wide revenue changed over the last 10 years?

Over the last 10 years, Wolverine World Wide's total revenue changed from $2.76 billion in 2014 to $1.76 billion in 2024, a change of -36.4%.

How much debt does Wolverine World Wide have?

Wolverine World Wide's total liabilities were at $1.35 billion at the end of 2024, a 23.3% decrease from 2023, and a 13.7% decrease since 2014.

How has Wolverine World Wide's book value per share changed over the last 10 years?

Over the last 10 years, Wolverine World Wide's book value per share changed from 9.19 in 2014 to 3.84 in 2024, a change of -58.2%.

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This page (NYSE:WWW) was last updated on 5/5/2025 by MarketBeat.com Staff

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Wolverine World Wide (WWW) Financials

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Wolverine World Wide (WWW) Financials

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