What is Wolverine World Wide's operating income?

Wolverine World Wide's total operating income in 2024 was $150.20 million, based on the following breakdown: Total Gross Profit: $886.70 million Total Operating Expenses: $736.50 million

Wolverine World Wide (WWW) Financials

$17.44 -0.31 (-1.75%)

As of 01:23 PM 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	1/3/2026
Net Income / (Loss) Attributable to Common Shareholders	133	123	88	0.30	200	129	-137	69	-188	-39	96
Consolidated Net Income / (Loss)	134	123	88	-0.70	200	129	-139	67	-189	-38	101
Net Income / (Loss) Continuing Operations	134	123	88	-0.70	200	129	-139	67	-189	-38	101
Total Pre-Tax Income	182	165	111	-11	227	146	-184	80	-253	-133	122
Total Operating Income	230	201	164	32	252	171	-137	156	-208	-67	150
Total Gross Profit	1,086	1,052	960	914	921	924	736	1,030	1,070	874	887
Total Revenue	2,761	2,692	2,495	2,350	2,239	2,274	1,791	2,415	2,685	2,243	1,874
Operating Revenue	2,761	2,692	2,495	2,350	2,239	2,274	1,791	2,415	2,685	2,243	1,874
Total Cost of Revenue	1,675	1,640	1,535	1,436	1,318	1,350	1,056	1,385	1,614	1,369	988
Operating Cost of Revenue	1,674	1,637	1,526	1,427	1,318	1,350	1,056	1,385	1,614	1,369	988
Total Operating Expenses	856	851	796	883	669	753	873	874	1,279	941	737
Selling, General & Admin Expense	815	816	754	706	654	669	639	818	906	856	730
Other Operating Expenses / (Income)	15	0.00	0.00	35	15	84	11	0.00	34	-90	0.00
Impairment Charge	-	5.10	7.10	69	0.00	0.00	222	0.00	429	185	0.00
Other Special Charges / (Income)	-	-	-	-	-	-	-	56	-	-10	6.60
Total Other Income / (Expense), net	-48	-37	-53	-42	-25	-25	-47	-75	-45	-66	-29
Interest Expense	47	40	53	32	25	30	49	72	47	64	33
Other Income / (Expense), net	-1.70	3.30	-0.40	-10	0.60	4.90	2.10	-3.70	2.80	-2.50	4.10
Income Tax Expense	48	41	23	-9.90	27	17	-46	13	-64	-95	21
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	5.20
Basic Earnings per Share	$1.33	$1.22	$0.90	$0.00	$2.07	$1.48	($1.70)	$0.82	($2.37)	($0.49)	$1.14
Weighted Average Basic Shares Outstanding	98.20M	98.60M	95.30M	96.01M	93M	81.93M	82.48M	81.69M	78.93M	79.75M	81.32M
Diluted Earnings per Share	$1.30	$1.20	$0.89	$0.00	$2.05	$1.44	($1.70)	$0.81	($2.37)	($0.49)	$1.14
Weighted Average Diluted Shares Outstanding	98.20M	98.60M	95.30M	96.01M	93M	81.93M	82.48M	81.69M	78.93M	79.75M	81.32M
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	81.32M
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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/1/2023	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
Net Income / (Loss) Attributable to Common Shareholders	24	8.60	-91	-15	14	23	25	12	27	25	20
Consolidated Net Income / (Loss)	24	9.00	-91	-14	16	24	25	13	29	26	22
Net Income / (Loss) Continuing Operations	24	9.00	-91	-14	16	24	25	13	29	26	22
Total Pre-Tax Income	30	9.40	-202	-14	18	29	29	15	34	33	28
Total Operating Income	46	27	-187	-3.10	29	35	40	21	41	40	34
Total Gross Profit	228	215	193	181	183	199	218	196	224	223	218
Total Revenue	589	528	527	395	425	440	495	412	474	470	458
Operating Revenue	589	528	527	395	425	440	495	412	474	470	458
Total Cost of Revenue	361	312	334	214	242	242	277	216	250	247	240
Operating Cost of Revenue	361	312	334	214	242	242	277	216	250	247	240
Total Operating Expenses	182	188	380	185	154	164	178	175	183	184	184
Selling, General & Admin Expense	196	203	245	177	167	171	175	172	182	183	183
Other Special Charges / (Income)	-29	-	-	1.60	-16	-	-	-	-	-	1.20
Total Other Income / (Expense), net	-16	-18	-15	-11	-11	-5.80	-11	-6.50	-7.10	-6.50	-6.30
Interest Expense	16	16	16	12	12	9.60	9.20	8.00	8.50	8.10	6.50
Other Income / (Expense), net	0.40	-2.40	0.70	0.80	0.80	3.80	-2.10	1.50	1.40	1.60	0.20
Income Tax Expense	6.00	0.40	-112	-0.60	2.40	5.00	3.20	1.30	4.60	6.80	5.20
Net Income / (Loss) Attributable to Noncontrolling Interest	0.40	0.40	0.60	0.80	1.40	0.70	0.70	1.10	2.20	1.20	2.20
Basic Earnings per Share	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.15	$0.32	$0.30	$0.24
Weighted Average Basic Shares Outstanding	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M
Diluted Earnings per Share	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.15	$0.32	$0.30	$0.24
Weighted Average Diluted Shares Outstanding	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M
Weighted Average Basic & Diluted Shares Outstanding	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M
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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/1/2023	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
Net Change in Cash & Equivalents	60	-15	20	-15	-21	-8.10	12	-46	35	-7.10	-87
Net Cash From Operating Activities	144	-39	115	-37	27	108	82	-84	45	33	-83
Net Cash From Continuing Operating Activities	144	-39	115	-37	27	108	82	-84	45	33	-83
Net Income / (Loss) Continuing Operations	24	9.00	-91	-14	16	24	25	13	29	27	22
Consolidated Net Income / (Loss)	24	9.00	-91	-14	16	24	25	13	29	27	22
Depreciation Expense	8.60	9.20	8.80	7.10	6.20	6.10	6.80	6.10	6.40	7.80	5.20
Non-Cash Adjustments To Reconcile Net Income	-20	-41	133	-2.60	-19	18	1.60	-1.10	1.50	1.80	4.20
Changes in Operating Assets and Liabilities, net	131	-16	64	-28	23	60	49	-102	7.70	-3.90	-115
Net Cash From Investing Activities	-7.50	49	55	85	4.50	5.20	-8.30	-7.90	-4.00	-1.00	-1.90
Net Cash From Continuing Investing Activities	-7.50	49	55	85	4.50	5.20	-8.30	-7.90	-4.00	-1.00	-1.90
Purchase of Property, Plant & Equipment	-6.90	-4.30	3.90	-5.10	-3.00	-4.10	-8.00	-7.60	-3.40	-2.90	-1.70
Other Investing Activities, net	-0.60	-0.60	-1.40	-2.00	-0.40	-0.60	-0.30	-0.30	-0.60	-0.30	-0.20
Net Cash From Financing Activities	-75	-26	-155	-67	-51	-121	-61	47	-11	-34	0.40
Net Cash From Continuing Financing Activities	-75	-26	-155	-67	-51	-121	-61	47	-11	-34	0.40
Repayment of Debt	-253	-148	-234	-170	-156	-157	-176	-86	-91	-215	-138
Payment of Dividends	-8.00	-8.10	-8.10	-8.10	-8.10	-8.20	-8.10	-8.50	-8.20	-8.30	-8.70
Issuance of Debt	185	130	58	106	113	44	121	148	88	179	155
Issuance of Common Equity	2.10	-	29	0.00	-	-	3.10	0.30	0.20	12	0.20
Other Financing Activities, net	-0.20	-0.10	-	5.40	-0.10	-0.30	-0.60	-7.70	-0.80	-0.60	-8.10
Effect of Exchange Rate Changes	-2.20	-	4.50	3.80	-1.90	-0.50	-1.60	-0.50	5.20	-5.50	-2.00

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	12/28/2024	1/3/2026
Total Assets	2,434	2,432	2,399	2,183	2,480	2,137	2,586	2,493	2,063	1,674	1,709
Total Current Assets	1,014	1,031	1,074	868	967	904	904	1,265	1,025	696	729
Cash & Equivalents	194	370	481	143	181	347	-	-	-	-	206
Accounts Receivable	299	263	271	361	331	268	320	242	231	209	162
Inventories, net	467	349	277	318	348	243	366	745	374	248	274
Prepaid Expenses	54	50	45	46	107	45	57	79	81	86	87
Plant, Property, & Equipment, net	132	146	137	131	141	125	129	136	96	90	81
Total Noncurrent Assets	1,289	1,254	1,188	1,185	1,372	1,109	1,554	1,091	941	889	899
Goodwill	429	424	430	424	439	442	557	485	427	425	431
Intangible Assets	783	762	682	676	682	455	793	341	209	205	210
Noncurrent Deferred & Refundable Income Taxes	3.70	2.30	4.30	3.10	2.90	3.20	1.80	25	116	92	84
Other Noncurrent Operating Assets	74	65	72	81	248	208	203	240	189	168	174
Total Liabilities & Shareholders' Equity	2,434	2,432	2,399	2,183	2,480	2,137	2,586	2,493	2,063	1,674	1,709
Total Liabilities	1,465	1,458	1,444	1,192	1,702	1,564	1,942	2,154	1,763	1,352	1,286
Total Current Liabilities	353	334	362	473	787	406	760	1,110	869	533	521
Short-Term Debt	17	40	38	133	373	10	235	435	315	80	75
Accounts Payable	200	151	162	202	202	185	222	272	206	201	175
Accrued Expenses	137	143	162	138	179	177	264	355	290	219	236
Other Current Liabilities	-	-	-	0.00	34	34	38	39	35	34	35
Total Noncurrent Liabilities	1,111	1,124	1,082	718	914	1,158	1,182	1,043	893	819	765
Long-Term Debt	793	780	745	438	426	713	732	723	606	568	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	71	56
Other Noncurrent Operating Liabilities	30	40	111	81	280	263	224	212	182	151	133
Total Equity & Noncontrolling Interests	970	974	955	992	778	573	644	339	300	322	423
Total Preferred & Common Equity	964	967	950	986	767	561	630	321	279	313	408
Total Common Equity	964	967	950	986	767	561	630	321	279	313	408
Common Stock	180	209	256	309	342	363	411	438	477	496	522
Retained Earnings	951	1,015	992	1,170	1,263	1,093	1,128	907	835	855	917
Treasury Stock	-111	-176	-223	-404	-736	-764	-810	-891	-891	-891	-905
Accumulated Other Comprehensive Income / (Loss)	-56	-81	-75	-88	-102	-131	-99	-133	-142	-148	-126
Noncontrolling Interest	6.00	7.60	5.60	5.60	12	12	15	18	21	9.20	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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	10/1/2022	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
Total Assets	3,171	2,417	2,357	2,231	1,853	1,796	1,766	1,691	1,809	1,707	1,640
Total Current Assets	1,552	1,203	1,164	1,097	826	791	772	701	801	717	672
Cash & Equivalents	136	116	177	160	170	148	140	107	141	134	120
Accounts Receivable	440	251	242	272	231	272	244	239	255	211	186
Inventories, net	881	726	648	564	354	297	295	279	316	293	280
Prepaid Expenses	95	87	79	85	71	73	92	76	89	80	87
Plant, Property, & Equipment, net	126	141	134	127	93	90	89	95	91	85	78
Total Noncurrent Assets	1,493	1,074	1,059	1,008	935	915	906	896	917	905	890
Goodwill	527	467	470	465	426	426	431	427	433	431	430
Intangible Assets	726	337	338	294	207	207	213	207	213	210	206
Noncurrent Deferred & Refundable Income Taxes	0.80	29	25	26	116	116	91	92	97	94	82
Other Noncurrent Operating Assets	239	242	226	222	185	167	172	170	174	170	172
Total Liabilities & Shareholders' Equity	3,171	2,417	2,357	2,231	1,853	1,796	1,766	1,691	1,809	1,707	1,640
Total Liabilities	2,496	2,072	1,990	1,869	1,593	1,526	1,462	1,364	1,452	1,316	1,207
Total Current Liabilities	1,331	1,036	964	852	730	666	619	551	647	534	438
Short-Term Debt	750	460	395	380	275	235	135	145	145	130	92
Accounts Payable	318	227	252	197	202	182	230	175	229	149	139
Accrued Expenses	230	304	274	233	217	216	220	197	237	220	173
Other Current Liabilities	34	39	39	39	37	33	33	34	36	35	35
Total Noncurrent Liabilities	1,165	1,036	1,026	1,017	863	860	843	813	805	782	769
Long-Term Debt	725	721	719	716	582	580	568	566	564	546	547
Noncurrent Deferred & Payable Income Tax Liabilities	116	34	34	34	27	28	28	28	29	28	29
Noncurrent Employee Benefit Liabilities	103	73	72	72	78	77	76	71	70	69	55
Other Noncurrent Operating Liabilities	221	209	202	195	176	176	172	148	143	138	138
Total Equity & Noncontrolling Interests	674	345	367	363	260	270	304	327	357	391	433
Total Preferred & Common Equity	657	327	347	342	253	262	295	317	344	377	416
Total Common Equity	657	327	347	342	253	262	295	317	344	377	416
Common Stock	431	437	440	444	479	485	490	495	501	518	520
Retained Earnings	1,277	918	934	935	812	818	840	859	871	894	929
Treasury Stock	-891	-891	-891	-891	-891	-891	-891	-891	-891	-891	-905
Accumulated Other Comprehensive Income / (Loss)	-160	-137	-136	-145	-148	-150	-144	-145	-137	-144	-128
Noncontrolling Interest	17	18	20	20	7.60	8.30	8.60	10	13	14	17

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/1/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	81,315,287.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	81,315,287.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.45%	-23.68%	-20.80%	-34.12%	-27.82%	-16.58%	-6.08%	4.41%	11.52%	6.84%	10.99%
EBITDA Growth	-68.62%	-47.13%	59.71%	-90.87%	-34.48%	32.26%	125.08%	468.75%	34.35%	9.87%	37.41%
EBIT Growth	-72.21%	-55.62%	58.59%	-105.22%	-35.70%	56.63%	120.25%	1,021.74%	40.80%	7.01%	51.56%
NOPAT Growth	-72.17%	-50.05%	58.90%	-107.53%	-31.84%	11.31%	127.01%	939.06%	39.29%	9.65%	43.92%
Net Income Growth	-80.40%	-76.80%	74.89%	-176.11%	-36.07%	170.00%	127.92%	189.05%	85.90%	10.04%	69.70%
EPS Growth	-80.39%	-77.08%	74.44%	-182.61%	-43.33%	154.55%	127.83%	168.42%	88.24%	7.14%	60.00%
Operating Cash Flow Growth	192.47%	83.95%	-63.12%	61.96%	-81.42%	378.15%	-28.22%	-125.27%	67.04%	-69.50%	0.72%
Free Cash Flow Firm Growth	183.39%	257.65%	254.22%	125.50%	-22.68%	-39.57%	-52.50%	-90.88%	-87.43%	-107.96%	-80.09%
Invested Capital Growth	-25.92%	-36.14%	-30.70%	-31.98%	-27.32%	-33.16%	-10.27%	-2.34%	-1.31%	7.74%	2.21%
Revenue Q/Q Growth	-1.72%	-10.42%	-0.19%	-25.02%	7.67%	3.53%	12.38%	-16.66%	15.01%	-0.82%	0.00%
EBITDA Q/Q Growth	4.75%	-38.11%	-620.23%	102.71%	652.08%	24.93%	-1.33%	-38.65%	77.66%	1.03%	0.00%
EBIT Q/Q Growth	5.44%	-46.45%	-847.79%	98.76%	1,400.00%	30.43%	-3.33%	-43.77%	98.58%	-2.14%	0.00%
NOPAT Q/Q Growth	28.42%	-29.36%	-600.53%	98.34%	1,262.21%	15.36%	21.44%	-48.47%	92.93%	-10.43%	0.00%
Net Income Q/Q Growth	35.56%	-63.11%	-1,106.67%	84.88%	213.87%	55.77%	4.12%	-51.78%	137.70%	-9.31%	0.00%
EPS Q/Q Growth	30.43%	-63.33%	-1,145.45%	83.48%	189.47%	64.71%	14.29%	-59.38%	146.15%	-6.25%	0.00%
Operating Cash Flow Q/Q Growth	246.93%	-127.07%	395.12%	-132.40%	171.77%	305.24%	-23.84%	-201.70%	153.22%	-26.01%	0.00%
Free Cash Flow Firm Q/Q Growth	148.33%	54.41%	-64.15%	64.02%	-14.85%	20.69%	-71.82%	-68.51%	17.37%	-175.14%	0.00%
Invested Capital Q/Q Growth	-7.45%	-0.26%	-29.57%	4.63%	-1.11%	-8.27%	-5.46%	13.87%	-0.06%	0.97%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.67%	40.82%	36.64%	45.94%	43.09%	45.25%	44.01%	47.25%	47.24%	47.46%	47.60%
EBITDA Margin	9.35%	6.46%	-33.68%	1.22%	8.49%	10.25%	9.00%	6.62%	10.23%	10.42%	8.59%
Operating Margin	7.83%	5.17%	-35.49%	-0.79%	6.84%	8.00%	8.05%	4.78%	8.58%	8.42%	7.41%
EBIT Margin	7.89%	4.72%	-35.35%	-0.58%	7.03%	8.86%	7.62%	5.14%	8.88%	8.76%	7.45%
Profit (Net Income) Margin	4.14%	1.71%	-17.20%	-3.47%	3.67%	5.52%	5.11%	2.96%	6.12%	5.59%	4.90%
Tax Burden Percent	80.26%	95.74%	44.79%	95.80%	86.67%	82.65%	88.77%	92.42%	86.31%	79.46%	81.16%
Interest Burden Percent	65.38%	37.75%	108.65%	621.74%	60.20%	75.38%	75.60%	62.26%	79.81%	80.34%	80.94%
Effective Tax Rate	19.74%	4.26%	0.00%	0.00%	13.33%	17.35%	11.23%	7.58%	13.69%	20.54%	18.84%
Return on Invested Capital (ROIC)	10.56%	7.15%	-50.38%	-0.96%	9.99%	11.01%	14.59%	8.36%	14.50%	13.76%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	9.29%	5.64%	-45.26%	-2.29%	8.78%	10.37%	12.77%	7.43%	13.50%	12.83%	0.00%
Return on Net Nonoperating Assets (RNNOA)	18.07%	12.29%	-111.41%	-6.56%	21.88%	23.36%	22.81%	16.52%	26.56%	20.41%	0.00%
Return on Equity (ROE)	28.63%	19.44%	-161.78%	-7.52%	31.87%	34.37%	37.41%	24.88%	41.06%	34.17%	0.00%
Cash Return on Invested Capital (CROIC)	15.71%	29.84%	31.94%	31.09%	23.24%	31.55%	20.66%	13.86%	13.94%	5.89%	-2.19%
Operating Return on Assets (OROA)	7.57%	4.16%	-34.81%	-0.56%	6.35%	7.94%	7.17%	5.15%	8.97%	9.34%	0.00%
Return on Assets (ROA)	3.97%	1.50%	-16.94%	-3.31%	3.31%	4.94%	4.81%	2.97%	6.18%	5.96%	0.00%
Return on Common Equity (ROCE)	27.57%	18.74%	-151.71%	-7.20%	30.45%	32.86%	35.55%	24.12%	39.66%	33.04%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-80.62%	-90.36%	0.00%	-28.08%	-30.41%	-22.35%	0.00%	24.92%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	37	26	-131	-2.17	25	29	35	18	35	31	28
NOPAT Margin	6.28%	4.95%	-24.84%	-0.55%	5.93%	6.61%	7.14%	4.42%	7.41%	6.69%	6.01%
Net Nonoperating Expense Percent (NNEP)	1.26%	1.52%	-5.12%	1.33%	1.21%	0.65%	1.82%	0.93%	0.99%	0.93%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-10.72%	-0.19%	-	-	3.66%	1.77%	3.30%	2.95%	2.57%
Cost of Revenue to Revenue	61.33%	59.18%	63.36%	54.06%	56.91%	54.75%	55.99%	52.75%	52.76%	52.54%	52.40%
SG&A Expenses to Revenue	33.19%	38.53%	46.59%	44.77%	39.18%	38.89%	35.46%	41.72%	38.46%	38.93%	39.93%
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	30.84%	35.65%	72.13%	46.72%	36.24%	37.26%	35.96%	42.47%	38.65%	39.04%	40.19%
Earnings before Interest and Taxes (EBIT)	47	25	-186	-2.30	30	39	38	21	42	41	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	55	34	-177	4.80	36	45	45	27	49	49	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.23	1.81	2.47	3.44	4.09	4.83	5.83	3.53	4.34	5.99	3.12
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)	0.44	0.26	0.31	0.43	0.57	0.78	1.02	0.62	0.82	1.22	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	37.41	14.93	17.35	25.65	0.00
Dividend Yield	2.84%	5.13%	4.62%	3.66%	2.98%	2.30%	1.79%	2.93%	2.17%	1.44%	2.51%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.67%	6.70%	5.77%	3.90%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.61	1.23	1.60	1.65	1.87	2.29	2.83	1.85	2.24	3.01	1.93
Enterprise Value to Revenue (EV/Rev)	0.82	0.66	0.65	0.77	0.93	1.10	1.31	0.97	1.14	1.52	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	17.60	11.19	12.54	16.57	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	22.02	13.39	14.81	19.72	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	27.20	15.92	17.66	23.44	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.08	4.95	11.92	8.58	26.72	9.24	12.75	12.82	13.70	36.93	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	8.74	3.20	4.11	4.30	6.76	5.81	12.94	13.19	15.99	53.12	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.03	3.02	3.07	3.29	3.01	2.37	2.05	2.22	1.98	1.73	1.48
Long-Term Debt to Equity	1.96	1.97	2.02	2.24	2.14	1.91	1.79	1.76	1.58	1.40	1.26
Financial Leverage	1.94	2.18	2.46	2.87	2.49	2.25	1.79	2.22	1.97	1.59	1.48
Leverage Ratio	5.16	5.21	7.13	7.06	6.52	6.05	6.05	6.09	5.75	5.00	4.38
Compound Leverage Factor	3.37	1.97	7.75	43.91	3.92	4.56	4.58	3.79	4.59	4.02	3.55
Debt to Total Capital	75.22%	75.14%	75.43%	76.71%	75.08%	70.32%	67.19%	68.90%	66.49%	63.37%	59.60%
Short-Term Debt to Total Capital	26.68%	26.05%	25.80%	24.62%	21.66%	13.51%	8.29%	14.06%	13.61%	12.18%	8.58%
Long-Term Debt to Total Capital	48.53%	49.10%	49.62%	52.09%	53.42%	56.81%	58.89%	54.85%	52.89%	51.19%	51.02%
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	1.36%	1.39%	1.75%	0.68%	0.76%	0.86%	0.95%	0.99%	1.22%	1.34%	1.61%
Common Equity to Total Capital	23.43%	23.47%	22.82%	22.61%	24.15%	28.82%	31.86%	30.11%	32.29%	35.29%	38.78%
Debt to EBITDA	-4.15	-3.67	-25.87	-10.27	-7.96	-7.69	4.97	4.65	4.28	3.98	0.00
Net Debt to EBITDA	-3.50	-3.14	-20.84	-8.24	-6.51	-6.16	3.80	3.95	3.43	3.19	0.00
Long-Term Debt to EBITDA	-2.68	-2.40	-17.02	-6.98	-5.66	-6.21	4.35	3.70	3.41	3.22	0.00
Debt to NOPAT	-5.22	-4.66	-19.29	-10.50	-8.71	-7.99	7.67	6.61	6.03	5.63	0.00
Net Debt to NOPAT	-4.40	-3.98	-15.54	-8.42	-7.13	-6.39	5.87	5.62	4.83	4.52	0.00
Long-Term Debt to NOPAT	-3.37	-3.05	-12.69	-7.13	-6.20	-6.45	6.73	5.26	4.80	4.55	0.00
Altman Z-Score	2.14	2.02	1.68	2.10	2.24	2.42	2.75	2.39	2.48	3.06	1.68
Noncontrolling Interest Sharing Ratio	3.69%	3.63%	6.23%	4.22%	4.46%	4.38%	4.96%	3.06%	3.40%	3.30%	3.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.29	1.18	1.13	1.19	1.23	1.29	1.26	1.24	1.34	1.53
Quick Ratio	0.43	0.51	0.27	0.55	0.63	0.62	0.39	0.63	0.61	0.65	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	488	754	270	443	377	455	128	40	47	-36	6.91
Operating Cash Flow to CapEx	2,082.61%	-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%
Free Cash Flow to Firm to Interest Expense	30.31	48.62	16.78	36.93	31.71	47.44	13.95	5.05	5.58	-4.40	1.06
Operating Cash Flow to Interest Expense	8.93	-2.51	7.13	-3.10	2.24	11.27	8.96	-10.48	5.25	4.07	-12.80
Operating Cash Flow Less CapEx to Interest Expense	8.50	-2.79	7.37	-3.53	1.99	10.84	8.09	-11.43	4.85	3.72	-13.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.88	0.98	0.95	0.90	0.90	0.94	1.00	1.01	1.07	0.00
Accounts Receivable Turnover	7.69	6.69	9.49	8.45	7.30	6.92	7.97	7.54	6.90	8.13	0.00
Inventory Turnover	2.45	2.05	2.45	2.26	2.33	2.43	3.17	3.13	3.22	3.38	0.00
Fixed Asset Turnover	19.44	18.86	19.29	17.49	16.70	16.61	18.87	18.94	20.15	21.34	0.00
Accounts Payable Turnover	5.54	5.74	5.73	5.69	5.08	4.82	4.79	5.19	4.81	5.23	0.00
Days Sales Outstanding (DSO)	47.44	54.57	38.45	43.19	50.01	52.74	45.78	48.44	52.86	44.87	0.00
Days Inventory Outstanding (DIO)	148.82	178.45	148.99	161.48	156.57	150.45	115.14	116.69	113.51	108.10	0.00
Days Payable Outstanding (DPO)	65.92	63.62	63.68	64.16	71.87	75.75	76.28	70.37	75.95	69.85	0.00
Cash Conversion Cycle (CCC)	130.33	169.39	123.76	140.51	134.71	127.44	84.64	94.76	90.43	83.12	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,289	1,286	905	947	937	859	812	925	925	934	952
Invested Capital Turnover	1.68	1.44	2.03	1.74	1.68	1.67	2.04	1.89	1.96	2.06	0.00
Increase / (Decrease) in Invested Capital	-451	-727	-401	-445	-352	-426	-93	-22	-12	67	21
Enterprise Value (EV)	2,078	1,576	1,452	1,564	1,747	1,964	2,297	1,712	2,074	2,814	1,834
Market Capitalization	1,121	620	688	870	1,073	1,393	1,792	1,097	1,493	2,257	1,297
Book Value per Share	$4.37	$4.31	$3.50	$3.16	$3.28	$3.60	$3.84	$3.86	$4.24	$4.64	$5.11
Tangible Book Value per Share	($5.81)	($5.25)	($4.50)	($4.76)	($4.63)	($4.44)	($4.02)	($4.02)	($3.72)	($3.25)	($2.71)
Total Capital	1,480	1,459	1,221	1,117	1,085	1,000	965	1,032	1,066	1,067	1,072
Total Debt	1,114	1,096	921	857	815	703	648	711	709	676	639
Total Long-Term Debt	719	716	606	582	580	568	568	566	564	546	547
Net Debt	937	936	742	687	666	563	496	604	568	543	519
Capital Expenditures (CapEx)	6.90	4.30	-3.90	5.10	3.00	4.10	8.00	7.60	3.40	2.90	1.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	418	465	292	201	212	139	83	180	158	179	206
Debt-free Net Working Capital (DFNWC)	595	626	471	371	360	279	235	286	299	313	326
Net Working Capital (NWC)	200	246	156	96	125	144	155	141	154	183	234
Net Nonoperating Expense (NNE)	13	17	-40	12	9.62	4.79	10	6.01	6.13	5.16	5.11
Net Nonoperating Obligations (NNO)	922	923	605	687	666	563	496	604	568	543	519
Total Depreciation and Amortization (D&A)	8.60	9.20	8.80	7.10	6.20	6.10	6.80	6.10	6.40	7.80	5.20
Debt-free, Cash-free Net Working Capital to Revenue	16.43%	19.53%	13.01%	9.86%	11.30%	7.75%	4.75%	10.14%	8.70%	9.67%	0.00%
Debt-free Net Working Capital to Revenue	23.37%	26.27%	20.99%	18.18%	19.22%	15.60%	13.41%	16.15%	16.44%	16.91%	0.00%
Net Working Capital to Revenue	7.85%	10.31%	6.94%	4.69%	6.68%	8.04%	8.85%	7.97%	8.48%	9.88%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.13	$0.32	$0.30	$0.24
Adjusted Weighted Average Basic Shares Outstanding	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M
Adjusted Diluted Earnings per Share	$0.30	$0.11	($1.15)	($0.19)	$0.17	$0.28	$0.32	$0.13	$0.32	$0.30	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M
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	79.51M	79.53M	79.75M	79.93M	80.01M	80.07M	80.37M	81.04M	81.25M	81.97M	81.99M
Normalized Net Operating Profit after Tax (NOPAT)	26	9.38	-40	3.22	14	22	35	18	35	31	28
Normalized NOPAT Margin	4.40%	1.78%	-7.63%	0.82%	3.38%	5.01%	7.14%	4.42%	7.41%	6.69%	6.23%
Pre Tax Income Margin	5.16%	1.78%	-38.41%	-3.62%	4.23%	6.68%	5.76%	3.20%	7.09%	7.04%	6.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.89	1.61	-11.57	-0.19	2.51	4.06	4.10	2.65	4.95	5.09	5.25
NOPAT to Interest Expense	2.30	1.69	-8.13	-0.18	2.12	3.03	3.84	2.28	4.13	3.88	4.23
EBIT Less CapEx to Interest Expense	2.46	1.33	-11.32	-0.62	2.26	3.64	3.23	1.70	4.55	4.73	4.98
NOPAT Less CapEx to Interest Expense	1.87	1.41	-7.88	-0.61	1.87	2.60	2.97	1.33	3.73	3.53	3.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-11.59%	-10.54%	-83.16%	-45.56%	-40.65%	-50.47%	63.11%	42.51%	36.34%	35.52%	0.00%
Augmented Payout Ratio	-11.59%	-10.54%	-83.16%	-45.56%	-40.65%	-50.47%	63.11%	42.51%	36.34%	35.52%	0.00%

Financials Breakdown Chart

Key Financial Trends

Wolverine World Wide’s latest quarter shows a mixed picture: profitability improved versus last year, but cash flow was weak and the balance sheet remains heavily leveraged. The company posted Q1 2026 net income of $22.4 million on revenue of $457.6 million, but operating cash flow was negative $83.2 million because of a large build in working capital.

Revenue grew year over year in Q1 2026. Sales rose to $457.6 million from $412.3 million in Q1 2025, showing top-line growth.
Gross profit improved. Gross profit increased to $217.8 million in Q1 2026 from $196.1 million a year earlier, indicating better product margin performance.
Net income increased sharply from Q1 2025. Net income rose to $22.4 million from $13.2 million in the prior-year quarter.
Operating income improved. Operating income increased to $33.9 million versus $21.0 million in Q1 2025.
Interest expense was lower than in some prior periods. Q1 2026 interest expense of $6.5 million was below the $8.0 million seen in Q1 2025.
Q1 is seasonally volatile for this business. Performance can swing quarter to quarter, so one quarter alone should not define the trend.
Debt remains a major part of the capital structure. Total debt was still substantial at quarter-end, with $92 million short-term debt and $546.9 million long-term debt.
Dividend payments continue. The company paid $8.7 million in dividends in Q1 2026, a modest but ongoing cash use.
Operating cash flow was deeply negative. Q1 2026 operating cash flow was negative $83.2 million, compared with positive operating cash flow in most prior quarters shown.
Working capital was a major cash drain. Changes in operating assets and liabilities used $115 million of cash, suggesting inventory, receivables, or other working-capital pressures.
Cash and equivalents declined meaningfully. Cash fell to $119.6 million from $133.9 million at the end of Q3 2025.
Leverage remains elevated relative to equity. Total liabilities of $1.207 billion exceeded total equity of $415.7 million, leaving the balance sheet stretched.
Accumulated losses and treasury stock continue to weigh on equity. Large treasury stock and negative AOCI continue to offset retained earnings, limiting book value strength.

Longer-term trend: Wolverine World Wide has clearly improved from the difficult 2022–2023 period, when it posted large losses and heavy cash outflows in several quarters. Since then, profitability has recovered and operating income has stabilized. However, the company still appears dependent on active debt management and working-capital discipline. For investors, the key question is whether the recent earnings recovery can translate into consistently positive free cash flow.

05/29/26 11:01 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 financial year ends in January. Their financial year 2026 ended on January 3, 2026.

Wolverine World Wide's net income appears to be on a downward trend, with a most recent value of $101 million in 2024, falling from $133.90 million in 2014. The previous period was -$38.10 million in 2023. View Wolverine World Wide's forecast to see where analysts expect Wolverine World Wide to go next.

Wolverine World Wide's total operating income in 2024 was $150.20 million, based on the following breakdown:

Total Gross Profit: $886.70 million
Total Operating Expenses: $736.50 million

Over the last 10 years, Wolverine World Wide's total revenue changed from $2.76 billion in 2014 to $1.87 billion in 2024, a change of -32.1%.

Wolverine World Wide's total liabilities were at $1.29 billion at the end of 2025, a 4.9% decrease 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 5/17/2026 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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Wolverine World Wide (WWW) Financials

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