What is Wolverine World Wide's operating income?

Wolverine World Wide's total operating income in 2024 was $97.50 million, based on the following breakdown: Total Gross Profit: $778 million Total Operating Expenses: $680.50 million

Wolverine World Wide (WWW) Financials

$19.78 -1.25 (-5.94%)

Closing price 08/17/2026 03:58 PM Eastern

Extended Trading

$19.84 +0.05 (+0.28%)

As of 05:51 AM Eastern

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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	-39	45
Consolidated Net Income / (Loss)	134	123	88	-0.70	200	129	-139	67	-189	-38	49
Net Income / (Loss) Continuing Operations	134	123	88	-0.70	200	129	-139	67	-189	-38	49
Total Pre-Tax Income	182	165	111	-11	227	146	-184	80	-253	-133	58
Total Operating Income	230	201	164	32	252	171	-137	156	-208	-67	98
Total Gross Profit	1,086	1,052	960	914	921	924	736	1,030	1,070	874	778
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	1,369	977
Operating Cost of Revenue	1,674	1,637	1,526	1,427	1,318	1,350	1,056	1,385	1,614	1,369	977
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	-90	-8.50
Impairment Charge	-	5.10	7.10	69	0.00	0.00	222	0.00	429	185	9.30
Other Special Charges / (Income)	-	-	-	-	-	-	-	56	-	-10	-10
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	9.30
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)	($0.49)	$0.55
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)	($0.49)	$0.55
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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	4/4/2026	7/4/2026
Net Income / (Loss) Attributable to Common Shareholders	8.60	-91	-15	14	23	25	12	27	25	20	31
Consolidated Net Income / (Loss)	9.00	-91	-14	16	24	25	13	29	26	22	33
Net Income / (Loss) Continuing Operations	9.00	-91	-14	16	24	25	13	29	26	22	33
Total Pre-Tax Income	9.40	-202	-14	18	29	29	15	34	33	28	41
Total Operating Income	27	-187	-3.10	29	35	40	21	41	40	34	47
Total Gross Profit	215	193	181	183	199	218	196	224	223	218	235
Total Revenue	528	527	395	425	440	495	412	474	470	458	506
Operating Revenue	528	527	395	425	440	495	412	474	470	458	506
Total Cost of Revenue	312	334	214	242	242	277	216	250	247	240	271
Operating Cost of Revenue	312	334	214	242	242	277	216	250	247	240	271
Total Operating Expenses	188	380	185	154	164	178	175	183	184	184	188
Selling, General & Admin Expense	203	245	177	167	171	175	172	182	183	183	187
Other Special Charges / (Income)	-	-	1.60	-16	-	-	-	0.90	-	1.20	0.60
Total Other Income / (Expense), net	-18	-15	-11	-11	-5.80	-11	-6.50	-7.10	-6.50	-6.30	-6.50
Interest Expense	16	16	12	12	9.60	9.20	8.00	8.50	8.10	6.50	7.10
Other Income / (Expense), net	-2.40	0.70	0.80	0.80	3.80	-2.10	1.50	1.40	1.60	0.20	0.60
Income Tax Expense	0.40	-112	-0.60	2.40	5.00	3.20	1.30	4.60	6.80	5.20	7.90
Net Income / (Loss) Attributable to Noncontrolling Interest	0.40	0.60	0.80	1.40	0.70	0.70	1.10	2.20	1.20	2.20	1.70
Basic Earnings per Share	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.15	$0.32	$0.30	$0.24	$0.37
Weighted Average Basic Shares Outstanding	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M	82.07M
Diluted Earnings per Share	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.15	$0.32	$0.30	$0.24	$0.37
Weighted Average Diluted Shares Outstanding	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M	82.07M
Weighted Average Basic & Diluted Shares Outstanding	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M	82.07M
Cash Dividends to Common per Share	$0.10	-	$0.10	$0.10	$0.10	-	$0.10	$0.10	$0.10	$0.10	$0.10

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	-38	49
Consolidated Net Income / (Loss)	134	123	88	-0.70	200	129	-139	67	-189	-38	49
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	71	107
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
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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	4/4/2026	7/4/2026
Net Change in Cash & Equivalents	-15	20	-15	-21	-8.10	12	-46	35	-7.10	-87	39
Net Cash From Operating Activities	-39	115	-37	27	108	82	-84	45	33	-83	87
Net Cash From Continuing Operating Activities	-39	115	-37	27	108	82	-84	45	33	-83	87
Net Income / (Loss) Continuing Operations	9.00	-91	-14	16	24	25	13	29	27	22	33
Consolidated Net Income / (Loss)	9.00	-91	-14	16	24	25	13	29	27	22	33
Depreciation Expense	9.20	8.80	7.10	6.20	6.10	6.80	6.10	6.40	7.80	5.20	5.30
Non-Cash Adjustments To Reconcile Net Income	-41	133	-2.60	-19	18	1.60	-1.10	1.50	1.80	4.20	-0.80
Changes in Operating Assets and Liabilities, net	-16	64	-28	23	60	49	-102	7.70	-3.90	-115	49
Net Cash From Investing Activities	49	55	85	4.50	5.20	-8.30	-7.90	-4.00	-1.00	-1.90	-2.70
Net Cash From Continuing Investing Activities	49	55	85	4.50	5.20	-8.30	-7.90	-4.00	-1.00	-1.90	-2.70
Purchase of Property, Plant & Equipment	-4.30	3.90	-5.10	-3.00	-4.10	-8.00	-7.60	-3.40	-2.90	-1.70	-2.40
Other Investing Activities, net	-0.60	-1.40	-2.00	-0.40	-0.60	-0.30	-0.30	-0.60	-0.30	-0.20	-0.30
Net Cash From Financing Activities	-26	-155	-67	-51	-121	-61	47	-11	-34	0.40	-47
Net Cash From Continuing Financing Activities	-26	-155	-67	-51	-121	-61	47	-11	-34	0.40	-47
Repayment of Debt	-148	-234	-170	-156	-157	-176	-86	-91	-215	-138	-118
Payment of Dividends	-8.10	-8.10	-8.10	-8.10	-8.20	-8.10	-8.50	-8.20	-8.30	-8.70	-8.30
Issuance of Debt	130	58	106	113	44	121	148	88	179	155	80
Other Financing Activities, net	-0.10	-	5.40	-0.10	-0.30	-0.60	-7.70	-0.80	-0.60	-8.10	-0.40
Effect of Exchange Rate Changes	-	4.50	3.80	-1.90	-0.50	-1.60	-0.50	5.20	-5.50	-2.00	1.70

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	1/3/2026	1/3/2026
Total Assets	2,434	2,432	2,399	2,183	2,480	2,137	2,586	2,493	2,063	1,709	1,709
Total Current Assets	1,014	1,031	1,074	868	967	904	904	1,265	1,025	729	729
Cash & Equivalents	194	370	481	143	181	347	-	-	-	-	206
Accounts Receivable	299	263	271	361	331	268	320	242	231	162	162
Inventories, net	467	349	277	318	348	243	366	745	374	274	274
Prepaid Expenses	54	50	45	46	107	45	57	79	81	87	87
Plant, Property, & Equipment, net	132	146	137	131	141	125	129	136	96	81	81
Total Noncurrent Assets	1,289	1,254	1,188	1,185	1,372	1,109	1,554	1,091	941	899	899
Goodwill	429	424	430	424	439	442	557	485	427	431	431
Intangible Assets	783	762	682	676	682	455	793	341	209	210	210
Noncurrent Deferred & Refundable Income Taxes	3.70	2.30	4.30	3.10	2.90	3.20	1.80	25	116	84	84
Other Noncurrent Operating Assets	74	65	72	81	248	208	203	240	189	174	174
Total Liabilities & Shareholders' Equity	2,434	2,432	2,399	2,183	2,480	2,137	2,586	2,493	2,063	1,709	1,709
Total Liabilities	1,465	1,458	1,444	1,192	1,702	1,564	1,942	2,154	1,763	1,286	1,286
Total Current Liabilities	353	334	362	473	787	406	760	1,110	869	521	521
Short-Term Debt	17	40	38	133	373	10	235	435	315	75	75
Accounts Payable	200	151	162	202	202	185	222	272	206	175	175
Accrued Expenses	137	143	162	138	179	177	264	355	290	236	236
Other Current Liabilities	-	-	-	0.00	34	34	38	39	35	35	35
Total Noncurrent Liabilities	1,111	1,124	1,082	718	914	1,158	1,182	1,043	893	765	765
Long-Term Debt	793	780	745	438	426	713	732	723	606	547	547
Noncurrent Deferred & Payable Income Tax Liabilities	179	161	84	108	99	36	119	35	27	29	29
Noncurrent Employee Benefit Liabilities	110	143	142	92	110	147	107	73	78	56	56
Other Noncurrent Operating Liabilities	30	40	111	81	280	263	224	212	182	133	133
Total Equity & Noncontrolling Interests	970	974	955	992	778	573	644	339	300	423	423
Total Preferred & Common Equity	964	967	950	986	767	561	630	321	279	408	408
Total Common Equity	964	967	950	986	767	561	630	321	279	408	408
Common Stock	180	209	256	309	342	363	411	438	477	522	522
Retained Earnings	951	1,015	992	1,170	1,263	1,093	1,128	907	835	917	917
Treasury Stock	-111	-176	-223	-404	-736	-764	-810	-891	-891	-905	-905
Accumulated Other Comprehensive Income / (Loss)	-56	-81	-75	-88	-102	-131	-99	-133	-142	-126	-126
Noncontrolling Interest	6.00	7.60	5.60	5.60	12	12	15	18	21	15	15

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025	6/28/2025	9/27/2025	4/4/2026	7/4/2026
Total Assets	2,417	2,357	2,231	1,853	1,796	1,766	1,691	1,815	1,707	1,640	1,707
Total Current Assets	1,203	1,164	1,097	826	791	772	701	810	717	672	736
Cash & Equivalents	116	177	160	170	148	140	107	141	134	120	159
Accounts Receivable	251	242	272	231	272	244	239	255	211	186	221
Inventories, net	726	648	564	354	297	295	279	325	293	280	269
Prepaid Expenses	87	79	85	71	73	92	76	89	80	87	87
Plant, Property, & Equipment, net	141	134	127	93	90	89	95	91	85	78	77
Total Noncurrent Assets	1,074	1,059	1,008	935	915	906	896	915	905	890	894
Goodwill	467	470	465	426	426	431	427	433	431	430	430
Intangible Assets	337	338	294	207	207	213	207	213	210	206	207
Noncurrent Deferred & Refundable Income Taxes	29	25	26	116	116	91	92	95	94	82	82
Other Noncurrent Operating Assets	242	226	222	185	167	172	170	174	170	172	176
Total Liabilities & Shareholders' Equity	2,417	2,357	2,231	1,853	1,796	1,766	1,691	1,815	1,707	1,640	1,707
Total Liabilities	2,072	1,990	1,869	1,593	1,526	1,462	1,364	1,452	1,316	1,207	1,238
Total Current Liabilities	1,036	964	852	730	666	619	551	647	534	438	475
Short-Term Debt	460	395	380	275	235	135	145	145	130	92	54
Accounts Payable	227	252	197	202	182	230	175	229	149	139	190
Accrued Expenses	304	274	233	217	216	220	197	237	220	173	194
Other Current Liabilities	39	39	39	37	33	33	34	36	35	35	38
Total Noncurrent Liabilities	1,036	1,026	1,017	863	860	843	813	805	782	769	763
Long-Term Debt	721	719	716	582	580	568	566	564	546	547	547
Noncurrent Deferred & Payable Income Tax Liabilities	34	34	34	27	28	28	28	29	28	29	29
Noncurrent Employee Benefit Liabilities	73	72	72	78	77	76	71	70	69	55	54
Other Noncurrent Operating Liabilities	209	202	195	176	176	172	148	143	138	138	133
Total Equity & Noncontrolling Interests	345	367	363	260	270	304	327	364	391	433	468
Total Preferred & Common Equity	327	347	342	253	262	295	317	351	377	416	449
Total Common Equity	327	347	342	253	262	295	317	351	377	416	449
Common Stock	437	440	444	479	485	490	495	501	518	520	526
Retained Earnings	918	934	935	812	818	840	859	877	894	929	952
Treasury Stock	-891	-891	-891	-891	-891	-891	-891	-891	-891	-905	-905
Accumulated Other Comprehensive Income / (Loss)	-137	-136	-145	-148	-150	-144	-145	-137	-144	-128	-124
Noncontrolling Interest	18	20	20	7.60	8.30	8.60	10	13	14	17	19

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	4/4/2026	7/4/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	81,315,287.00	81,989,541.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	81,315,287.00	81,989,541.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.25	0.38
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-23.68%	-20.80%	-34.12%	-27.82%	-16.58%	-6.08%	4.41%	11.52%	6.84%	10.99%	6.79%
EBITDA Growth	-47.13%	59.71%	-90.87%	-34.48%	32.26%	125.08%	468.75%	34.35%	9.87%	37.41%	9.69%
EBIT Growth	-55.62%	58.59%	-105.22%	-35.70%	56.63%	120.25%	1,021.74%	40.80%	7.01%	51.56%	13.78%
NOPAT Growth	-50.05%	58.90%	-107.53%	-31.84%	11.31%	127.01%	939.06%	39.29%	9.65%	43.92%	8.58%
Net Income Growth	-76.80%	74.89%	-176.11%	-36.07%	170.00%	127.92%	189.05%	85.90%	10.04%	69.70%	13.45%
EPS Growth	-77.08%	74.44%	-182.61%	-43.33%	154.55%	127.83%	168.42%	88.24%	7.14%	60.00%	15.63%
Operating Cash Flow Growth	83.95%	-63.12%	61.96%	-81.42%	378.15%	-28.22%	-125.27%	67.04%	-69.50%	0.72%	94.17%
Free Cash Flow Firm Growth	257.65%	254.22%	125.50%	-22.68%	-39.57%	-52.50%	-90.88%	-87.43%	-107.96%	-80.09%	42.65%
Invested Capital Growth	-36.14%	-30.70%	-31.98%	-27.32%	-33.16%	-10.27%	-2.34%	-1.31%	7.74%	2.21%	-2.16%
Revenue Q/Q Growth	-10.42%	-0.19%	-25.02%	7.67%	3.53%	12.38%	-16.66%	15.01%	-0.82%	0.00%	10.66%
EBITDA Q/Q Growth	-38.11%	-620.23%	102.71%	652.08%	24.93%	-1.33%	-38.65%	77.66%	1.03%	0.00%	35.37%
EBIT Q/Q Growth	-46.45%	-847.79%	98.76%	1,400.00%	30.43%	-3.33%	-43.77%	98.58%	-2.14%	0.00%	40.47%
NOPAT Q/Q Growth	-29.36%	-600.53%	98.34%	1,262.21%	15.36%	21.44%	-48.47%	92.93%	-10.43%	0.00%	38.63%
Net Income Q/Q Growth	-63.11%	-1,106.67%	84.88%	213.87%	55.77%	4.12%	-51.78%	137.70%	-9.31%	0.00%	46.88%
EPS Q/Q Growth	-63.33%	-1,145.45%	83.48%	189.47%	64.71%	14.29%	-59.38%	146.15%	-6.25%	0.00%	54.17%
Operating Cash Flow Q/Q Growth	-127.07%	395.12%	-132.40%	171.77%	305.24%	-23.84%	-201.70%	153.22%	-26.01%	0.00%	204.09%
Free Cash Flow Firm Q/Q Growth	54.41%	-64.15%	64.02%	-14.85%	20.69%	-71.82%	-68.51%	17.37%	-175.14%	0.00%	742.49%
Invested Capital Q/Q Growth	-0.26%	-29.57%	4.63%	-1.11%	-8.27%	-5.46%	13.87%	-0.06%	0.97%	0.00%	-4.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.82%	36.64%	45.94%	43.09%	45.25%	44.01%	47.25%	47.24%	47.46%	47.60%	46.47%
EBITDA Margin	6.46%	-33.68%	1.22%	8.49%	10.25%	9.00%	6.62%	10.23%	10.42%	8.59%	10.51%
Operating Margin	5.17%	-35.49%	-0.79%	6.84%	8.00%	8.05%	4.78%	8.58%	8.42%	7.41%	9.34%
EBIT Margin	4.72%	-35.35%	-0.58%	7.03%	8.86%	7.62%	5.14%	8.88%	8.76%	7.45%	9.46%
Profit (Net Income) Margin	1.71%	-17.20%	-3.47%	3.67%	5.52%	5.11%	2.96%	6.12%	5.59%	4.90%	6.50%
Tax Burden Percent	95.74%	44.79%	95.80%	86.67%	82.65%	88.77%	92.42%	86.31%	79.46%	81.16%	80.64%
Interest Burden Percent	37.75%	108.65%	621.74%	60.20%	75.38%	75.60%	62.26%	79.81%	80.34%	80.94%	85.18%
Effective Tax Rate	4.26%	0.00%	0.00%	13.33%	17.35%	11.23%	7.58%	13.69%	20.54%	18.84%	19.36%
Return on Invested Capital (ROIC)	7.15%	-50.38%	-0.96%	9.99%	11.01%	14.59%	8.36%	14.50%	13.76%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.64%	-45.26%	-2.29%	8.78%	10.37%	12.77%	7.43%	13.50%	12.83%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	12.29%	-111.41%	-6.56%	21.88%	23.36%	22.81%	16.52%	26.56%	20.41%	0.00%	0.00%
Return on Equity (ROE)	19.44%	-161.78%	-7.52%	31.87%	34.37%	37.41%	24.88%	41.06%	34.17%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	29.84%	31.94%	31.09%	23.24%	31.55%	20.66%	13.86%	13.94%	5.89%	-2.19%	2.18%
Operating Return on Assets (OROA)	4.16%	-34.81%	-0.56%	6.35%	7.94%	7.17%	5.15%	8.97%	9.34%	0.00%	0.00%
Return on Assets (ROA)	1.50%	-16.94%	-3.31%	3.31%	4.94%	4.81%	2.97%	6.18%	5.96%	0.00%	0.00%
Return on Common Equity (ROCE)	18.74%	-151.71%	-7.20%	30.45%	32.86%	35.55%	24.12%	39.66%	33.04%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-90.36%	0.00%	-28.08%	-30.41%	-22.35%	0.00%	24.92%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	26	-131	-2.17	25	29	35	18	35	31	28	38
NOPAT Margin	4.95%	-24.84%	-0.55%	5.93%	6.61%	7.14%	4.42%	7.41%	6.69%	6.01%	7.53%
Net Nonoperating Expense Percent (NNEP)	1.52%	-5.12%	1.33%	1.21%	0.65%	1.82%	0.93%	0.99%	0.93%	0.91%	1.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-10.72%	-0.19%	-	-	3.66%	1.77%	3.30%	2.95%	2.57%	3.57%
Cost of Revenue to Revenue	59.18%	63.36%	54.06%	56.91%	54.75%	55.99%	52.75%	52.76%	52.54%	52.40%	53.53%
SG&A Expenses to Revenue	38.53%	46.59%	44.77%	39.18%	38.89%	35.46%	41.72%	38.46%	38.93%	39.93%	37.01%
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	35.65%	72.13%	46.72%	36.24%	37.26%	35.96%	42.47%	38.65%	39.04%	40.19%	37.12%
Earnings before Interest and Taxes (EBIT)	25	-186	-2.30	30	39	38	21	42	41	34	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	-177	4.80	36	45	45	27	49	49	39	53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.81	2.47	3.44	4.09	4.83	5.83	3.53	4.34	5.99	3.12	3.02
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)	0.26	0.31	0.43	0.57	0.78	1.02	0.62	0.82	1.22	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	37.41	14.93	17.35	25.65	0.00	0.00
Dividend Yield	5.13%	4.62%	3.66%	2.98%	2.30%	1.79%	2.93%	2.17%	1.44%	2.51%	2.42%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	2.67%	6.70%	5.77%	3.90%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.60	1.65	1.87	2.29	2.83	1.85	2.24	3.01	1.93	1.99
Enterprise Value to Revenue (EV/Rev)	0.66	0.65	0.77	0.93	1.10	1.31	0.97	1.14	1.52	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	17.60	11.19	12.54	16.57	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	22.02	13.39	14.81	19.72	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	27.20	15.92	17.66	23.44	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.95	11.92	8.58	26.72	9.24	12.75	12.82	13.70	36.93	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	3.20	4.11	4.30	6.76	5.81	12.94	13.19	15.99	53.12	0.00	90.40
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.02	3.07	3.29	3.01	2.37	2.05	2.22	1.98	1.73	1.48	1.28
Long-Term Debt to Equity	1.97	2.02	2.24	2.14	1.91	1.79	1.76	1.58	1.40	1.26	1.17
Financial Leverage	2.18	2.46	2.87	2.49	2.25	1.79	2.22	1.97	1.59	1.48	1.21
Leverage Ratio	5.21	7.13	7.06	6.52	6.05	6.05	6.09	5.75	5.00	4.38	4.23
Compound Leverage Factor	1.97	7.75	43.91	3.92	4.56	4.58	3.79	4.59	4.02	3.55	3.61
Debt to Total Capital	75.14%	75.43%	76.71%	75.08%	70.32%	67.19%	68.90%	66.49%	63.37%	59.60%	56.20%
Short-Term Debt to Total Capital	26.05%	25.80%	24.62%	21.66%	13.51%	8.29%	14.06%	13.61%	12.18%	8.58%	5.05%
Long-Term Debt to Total Capital	49.10%	49.62%	52.09%	53.42%	56.81%	58.89%	54.85%	52.89%	51.19%	51.02%	51.15%
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	1.39%	1.75%	0.68%	0.76%	0.86%	0.95%	0.99%	1.22%	1.34%	1.61%	1.80%
Common Equity to Total Capital	23.47%	22.82%	22.61%	24.15%	28.82%	31.86%	30.11%	32.29%	35.29%	38.78%	42.00%
Debt to EBITDA	-3.67	-25.87	-10.27	-7.96	-7.69	4.97	4.65	4.28	3.98	0.00	0.00
Net Debt to EBITDA	-3.14	-20.84	-8.24	-6.51	-6.16	3.80	3.95	3.43	3.19	0.00	0.00
Long-Term Debt to EBITDA	-2.40	-17.02	-6.98	-5.66	-6.21	4.35	3.70	3.41	3.22	0.00	0.00
Debt to NOPAT	-4.66	-19.29	-10.50	-8.71	-7.99	7.67	6.61	6.03	5.63	0.00	0.00
Net Debt to NOPAT	-3.98	-15.54	-8.42	-7.13	-6.39	5.87	5.62	4.83	4.52	0.00	0.00
Long-Term Debt to NOPAT	-3.05	-12.69	-7.13	-6.20	-6.45	6.73	5.26	4.80	4.55	0.00	0.00
Altman Z-Score	2.02	1.68	2.10	2.24	2.42	2.75	2.39	2.48	3.06	1.68	1.71
Noncontrolling Interest Sharing Ratio	3.63%	6.23%	4.22%	4.46%	4.38%	4.96%	3.06%	3.40%	3.30%	3.62%	3.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	1.18	1.13	1.19	1.23	1.29	1.26	1.24	1.34	1.53	1.55
Quick Ratio	0.51	0.27	0.55	0.63	0.62	0.39	0.63	0.61	0.65	0.70	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	754	270	443	377	455	128	40	47	-36	6.91	58
Operating Cash Flow to CapEx	-904.65%	0.00%	-729.41%	890.00%	2,639.02%	1,030.00%	-1,102.63%	1,311.76%	1,137.93%	-4,894.12%	3,608.33%
Free Cash Flow to Firm to Interest Expense	48.62	16.78	36.93	31.71	47.44	13.95	5.05	5.58	-4.40	1.06	8.20
Operating Cash Flow to Interest Expense	-2.51	7.13	-3.10	2.24	11.27	8.96	-10.48	5.25	4.07	-12.80	12.20
Operating Cash Flow Less CapEx to Interest Expense	-2.79	7.37	-3.53	1.99	10.84	8.09	-11.43	4.85	3.72	-13.06	11.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.98	0.95	0.90	0.90	0.94	1.00	1.01	1.07	0.00	0.00
Accounts Receivable Turnover	6.69	9.49	8.45	7.30	6.92	7.97	7.54	6.90	8.13	0.00	0.00
Inventory Turnover	2.05	2.45	2.26	2.33	2.43	3.17	3.13	3.22	3.38	0.00	0.00
Fixed Asset Turnover	18.86	19.29	17.49	16.70	16.61	18.87	18.94	20.15	21.34	0.00	0.00
Accounts Payable Turnover	5.74	5.73	5.69	5.08	4.82	4.79	5.19	4.81	5.23	0.00	0.00
Days Sales Outstanding (DSO)	54.57	38.45	43.19	50.01	52.74	45.78	48.44	52.86	44.87	0.00	0.00
Days Inventory Outstanding (DIO)	178.45	148.99	161.48	156.57	150.45	115.14	116.69	113.51	108.10	0.00	0.00
Days Payable Outstanding (DPO)	63.62	63.68	64.16	71.87	75.75	76.28	70.37	75.95	69.85	0.00	0.00
Cash Conversion Cycle (CCC)	169.39	123.76	140.51	134.71	127.44	84.64	94.76	90.43	83.12	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,286	905	947	937	859	812	925	925	934	952	911
Invested Capital Turnover	1.44	2.03	1.74	1.68	1.67	2.04	1.89	1.96	2.06	0.00	0.00
Increase / (Decrease) in Invested Capital	-727	-401	-445	-352	-426	-93	-22	-12	67	21	-20
Enterprise Value (EV)	1,576	1,452	1,564	1,747	1,964	2,297	1,712	2,074	2,814	1,834	1,817
Market Capitalization	620	688	870	1,073	1,393	1,792	1,097	1,493	2,257	1,297	1,355
Book Value per Share	$4.31	$3.50	$3.16	$3.28	$3.60	$3.84	$3.86	$4.24	$4.64	$5.11	$5.48
Tangible Book Value per Share	($5.25)	($4.50)	($4.76)	($4.63)	($4.44)	($4.02)	($4.02)	($3.72)	($3.25)	($2.71)	($2.29)
Total Capital	1,459	1,221	1,117	1,085	1,000	965	1,032	1,066	1,067	1,072	1,070
Total Debt	1,096	921	857	815	703	648	711	709	676	639	601
Total Long-Term Debt	716	606	582	580	568	568	566	564	546	547	547
Net Debt	936	742	687	666	563	496	604	568	543	519	443
Capital Expenditures (CapEx)	4.30	-3.90	5.10	3.00	4.10	8.00	7.60	3.40	2.90	1.70	2.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	465	292	201	212	139	83	180	158	179	206	157
Debt-free Net Working Capital (DFNWC)	626	471	371	360	279	235	286	299	313	326	315
Net Working Capital (NWC)	246	156	96	125	144	155	141	154	183	234	261
Net Nonoperating Expense (NNE)	17	-40	12	9.62	4.79	10	6.01	6.13	5.16	5.11	5.24
Net Nonoperating Obligations (NNO)	923	605	687	666	563	496	604	568	543	519	443
Total Depreciation and Amortization (D&A)	9.20	8.80	7.10	6.20	6.10	6.80	6.10	6.40	7.80	5.20	5.30
Debt-free, Cash-free Net Working Capital to Revenue	19.53%	13.01%	9.86%	11.30%	7.75%	4.75%	10.14%	8.70%	9.67%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	26.27%	20.99%	18.18%	19.22%	15.60%	13.41%	16.15%	16.44%	16.91%	0.00%	0.00%
Net Working Capital to Revenue	10.31%	6.94%	4.69%	6.68%	8.04%	8.85%	7.97%	8.48%	9.88%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.13	$0.32	$0.30	$0.24	$0.37
Adjusted Weighted Average Basic Shares Outstanding	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M	82.07M
Adjusted Diluted Earnings per Share	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.13	$0.32	$0.30	$0.24	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M	82.07M
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	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M	82.07M
Normalized Net Operating Profit after Tax (NOPAT)	9.38	-40	3.22	14	22	35	18	35	31	28	39
Normalized NOPAT Margin	1.78%	-7.63%	0.82%	3.38%	5.01%	7.14%	4.42%	7.41%	6.69%	6.23%	7.63%
Pre Tax Income Margin	1.78%	-38.41%	-3.62%	4.23%	6.68%	5.76%	3.20%	7.09%	7.04%	6.03%	8.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.61	-11.57	-0.19	2.51	4.06	4.10	2.65	4.95	5.09	5.25	6.75
NOPAT to Interest Expense	1.69	-8.13	-0.18	2.12	3.03	3.84	2.28	4.13	3.88	4.23	5.37
EBIT Less CapEx to Interest Expense	1.33	-11.32	-0.62	2.26	3.64	3.23	1.70	4.55	4.73	4.98	6.41
NOPAT Less CapEx to Interest Expense	1.41	-7.88	-0.61	1.87	2.60	2.97	1.33	3.73	3.53	3.97	5.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-10.54%	-83.16%	-45.56%	-40.65%	-50.47%	63.11%	42.51%	36.34%	35.52%	0.00%	0.00%
Augmented Payout Ratio	-10.54%	-83.16%	-45.56%	-40.65%	-50.47%	63.11%	42.51%	36.34%	35.52%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Wolverine World Wide’s (NYSE:WWW) latest results show continued operating improvement. In Q2 2026, revenue increased 6.8% year over year to $506.4 million, while gross profit rose 5.0% to $235.3 million. Gross margin moderated slightly to approximately 46.5% from 47.2% in Q2 2025, but operating income increased 16.2% to $47.3 million. Net income attributable to common shareholders rose 16.4% to $31.2 million, and diluted earnings per share improved to $0.37 from $0.32.

The broader trend is a recovery from the weaker results reported in 2023 and early 2024. Quarterly revenue has risen from $394.9 million in Q1 2024 to $506.4 million in Q2 2026, although it remains below the $713.6 million reported in Q2 2022. Profitability has improved more substantially: the Q2 2026 operating margin was approximately 9.3%, compared with a negative operating margin in Q1 2024 and a 6.5% margin in Q2 2022.

Cash generation has also improved, though it remains uneven. Operating cash flow was $86.6 million in Q2 2026, compared with $44.6 million in Q2 2025 and negative $83.2 million in Q1 2026. The improvement was driven largely by a $49.2 million benefit from operating assets and liabilities. On a first-half basis, however, operating cash flow was only $3.4 million, reflecting the significant working-capital outflow recorded in Q1.

The balance sheet is stronger than it was a year ago. Cash and equivalents increased to $158.5 million from $141.0 million at Q2 2025 and $119.6 million at Q1 2026. Total debt declined to approximately $601.1 million from $655.5 million a year earlier, supported by $118 million of debt repayments in Q2 2026 despite $80 million of new borrowing. The current ratio was approximately 1.55, indicating that current assets exceeded current liabilities.

Revenue recovery continues: Q2 2026 revenue grew 6.8% year over year, following 11.0% growth in Q1 2026 and 6.8% growth in Q3 2025.
Operating profitability is improving: Q2 operating income rose to $47.3 million, while the operating margin expanded to approximately 9.3% from 8.6% in Q2 2025.
Earnings growth outpaced revenue growth: Common-shareholder net income increased 16.4% year over year, and diluted EPS rose from $0.32 to $0.37.
Cash generation rebounded in Q2: Operating cash flow increased to $86.6 million from $44.6 million in the comparable quarter, helped by improved working-capital management.
Debt has declined: Total short- and long-term debt fell by roughly $54 million from Q2 2025, while Q2 debt repayments exceeded new debt issuance.
Liquidity improved: Cash increased to $158.5 million, and total current assets rose to $736.2 million from $672.1 million at Q1 2026.
Dividend remains steady: The quarterly dividend was maintained at $0.10 per share. Based on Q2 earnings attributable to common shareholders, the quarterly payout ratio was approximately 26%, but continued payments will depend on sustained cash generation.
Working-capital performance is volatile: Inventory declined to $269.3 million from $324.5 million in Q2 2025, but first-half operating cash flow was nearly breakeven because of the large cash outflow in Q1.
Revenue remains below prior-year peak levels: Despite the recent recovery, Q2 2026 revenue was substantially below the $713.6 million reported in Q2 2022, indicating that the turnaround is not yet complete.
Leverage and asset concentration remain risks: Total liabilities were $1.24 billion versus $468.4 million of equity and the company held approximately $636.6 million of goodwill and intangible assets. Weakening business conditions could increase balance-sheet and impairment risk.

Overall, the financial statements point to a positive operating trajectory, with improving revenue, margins, earnings, liquidity and debt levels. However, investors should monitor the sustainability of cash flow, the company’s still-elevated leverage, and whether revenue can continue recovering without sacrificing gross margin.

08/18/26 06:00 AM ETAI Generated. May Contain Errors.

Wolverine World Wide Financials - Frequently Asked Questions

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.

Wolverine World Wide's net income appears to be on a downward trend, with a most recent value of $48.80 million in 2024, falling from $133.90 million in 2014. The previous period was -$38.10 million in 2023. Check out Wolverine World Wide's forecast to explore projected trends and price targets.

Wolverine World Wide's total operating income in 2024 was $97.50 million, based on the following breakdown:

Total Gross Profit: $778 million
Total Operating Expenses: $680.50 million

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%.

Wolverine World Wide's total liabilities were at $1.29 billion at the end of 2025, which was unchanged from 2024, and a 12.2% decrease since 2015.

In the past 10 years, Wolverine World Wide's cash and equivalents has ranged from $0.00 in 2021 to $481 million in 2017, and is currently $206.30 million as of their latest financial filing in 2025.

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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Financial statements for NYSE:WWW last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Wolverine World Wide (WWW) Financials

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