What is YETI's operating income?

YETI's total operating income in 2025 was $213.56 million, based on the following breakdown: Total Gross Profit: $1.07 billion Total Operating Expenses: $859.13 million

YETI (YETI) Financials

$43.47 -0.61 (-1.38%)

As of 02:46 PM Eastern

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Annual Income Statements for YETI

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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
Net Income / (Loss) Attributable to Common Shareholders	48	15	58	50	156	213	90	170	176	165
Consolidated Net Income / (Loss)	49	15	58	50	156	213	90	170	176	165
Net Income / (Loss) Continuing Operations	49	15	58	50	156	213	90	170	176	165
Total Pre-Tax Income	65	32	70	67	205	268	116	226	233	220
Total Operating Income	88	64	102	90	214	275	126	225	245	214
Total Gross Profit	414	295	383	475	629	816	763	943	1,063	1,073
Total Revenue	819	639	779	914	1,092	1,411	1,595	1,659	1,830	1,868
Operating Revenue	819	639	779	914	1,092	1,411	1,595	1,659	1,830	1,868
Total Cost of Revenue	405	345	396	438	463	595	832	716	767	796
Operating Cost of Revenue	405	345	396	438	463	595	832	716	767	796
Total Operating Expenses	326	231	281	386	415	541	637	718	818	859
Selling, General & Admin Expense	326	231	281	386	415	541	637	718	818	859
Total Other Income / (Expense), net	-23	-32	-33	-23	-9.03	-6.53	-10	0.49	-13	6.72
Interest & Investment Income	-	-	-	-	-	-	-4.47	-0.94	0.66	-0.44
Other Income / (Expense), net	-1.24	0.70	-1.26	-0.73	0.12	-3.19	-5.72	1.43	-13	7.17
Income Tax Expense	16	17	12	17	49	56	26	56	57	55
Basic Earnings per Share	$0.59	$0.19	$0.71	$0.59	$1.79	$2.43	$1.04	$1.96	$2.07	$2.05
Weighted Average Basic Shares Outstanding	81.10M	81.48M	81.78M	85.09M	86.98M	87.43M	86.52M	86.72M	84.94M	80.56M
Diluted Earnings per Share	$0.58	$0.19	$0.69	$0.58	$1.77	$2.40	$1.03	$1.94	$2.05	$2.03
Weighted Average Diluted Shares Outstanding	82.76M	82.97M	83.52M	86.35M	87.85M	88.67M	87.20M	87.40M	85.76M	81.60M
Weighted Average Basic & Diluted Shares Outstanding	-	81.10M	81.40M	86.79M	87.18M	87.73M	86.45M	86.93M	82.39M	75.27M

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	1/3/2026	4/4/2026	7/4/2026
Net Income / (Loss) Attributable to Common Shareholders	79	16	50	56	53	17	51	39	58	9.85	71
Consolidated Net Income / (Loss)	79	16	50	56	53	17	51	39	58	9.85	71
Net Income / (Loss) Continuing Operations	79	16	50	56	53	17	51	39	58	9.85	71
Total Pre-Tax Income	103	22	67	74	69	23	68	53	76	12	94
Total Operating Income	98	26	67	70	83	22	62	54	76	12	94
Total Gross Profit	315	195	264	278	326	202	258	273	341	210	323
Total Revenue	520	341	463	478	547	351	446	488	584	380	484
Operating Revenue	520	341	463	478	547	351	446	488	584	380	484
Total Cost of Revenue	205	147	199	201	220	149	188	215	243	170	161
Operating Cost of Revenue	205	147	199	201	220	149	188	215	243	170	161
Total Operating Expenses	217	169	197	208	244	180	196	218	265	198	229
Selling, General & Admin Expense	217	169	197	208	244	180	196	218	265	198	229
Total Other Income / (Expense), net	4.88	-3.44	-0.16	4.45	-13	1.68	6.07	-1.25	0.22	-0.14	0.73
Interest & Investment Income	-	0.66	-0.55	0.38	-	0.31	0.30	-0.05	-0.99	-1.12	1.62
Other Income / (Expense), net	4.21	-4.10	0.39	4.06	-14	1.38	5.77	-1.20	1.22	0.98	-0.89
Income Tax Expense	24	6.52	17	18	16	6.75	17	14	18	2.45	23
Basic Earnings per Share	$0.91	$0.18	$0.59	$0.66	$0.64	$0.20	$0.62	$0.49	$0.74	$0.13	$0.95
Weighted Average Basic Shares Outstanding	86.72M	86.36M	84.79M	84.71M	84.94M	82.60M	82.73M	80.40M	80.56M	75.32M	74.69M
Diluted Earnings per Share	$0.89	$0.18	$0.59	$0.66	$0.62	$0.20	$0.61	$0.48	$0.74	$0.13	$0.94
Weighted Average Diluted Shares Outstanding	87.40M	87.16M	85.47M	85.49M	85.76M	83.54M	83.46M	81.43M	81.60M	76.75M	75.78M
Weighted Average Basic & Diluted Shares Outstanding	86.93M	85.24M	84.65M	84.83M	82.39M	82.82M	81.22M	77.81M	75.27M	75.76M	72.99M

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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
Net Change in Cash & Equivalents	-19	32	26	-7.54	181	59	-77	204	-80	-170
Net Cash From Operating Activities	29	148	176	87	366	147	101	286	261	255
Net Cash From Continuing Operating Activities	29	148	176	87	366	147	101	286	261	255
Net Income / (Loss) Continuing Operations	49	15	58	50	156	213	90	170	176	165
Consolidated Net Income / (Loss)	49	15	58	50	156	213	90	170	176	165
Depreciation Expense	12	21	25	29	31	32	40	46	48	54
Amortization Expense	1.82	2.95	3.43	2.19	0.94	0.68	0.60	0.60	0.65	0.65
Non-Cash Adjustments To Reconcile Net Income	118	13	16	54	11	18	116	35	56	54
Changes in Operating Assets and Liabilities, net	-151	95	74	-48	168	-117	-145	34	-19	-20
Net Cash From Investing Activities	-56	-39	-32	-49	-23	-66	-57	-73	-131	-102
Net Cash From Continuing Investing Activities	-56	-39	-32	-49	-23	-66	-57	-73	-131	-102
Purchase of Property, Plant & Equipment	-36	-42	-21	-32	-16	-56	-46	-51	-42	-43
Acquisitions	-	-2.87	-11	-	-	-	0.00	0.00	-36	0.00
Other Investing Activities, net	-0.54	1.42	-	-17	-7.38	-	-11	-	-53	-59
Net Cash From Financing Activities	8.01	-72	-118	-46	-163	-23	-123	-14	-209	-321
Net Cash From Continuing Financing Activities	8.01	-72	-118	-46	-163	-23	-123	-14	-209	-321
Repayment of Debt	-96	-68	-152	-101	-215	-23	-23	-11	-4.22	-4.22
Repurchase of Common Equity	-	0.00	-1.97	-	0.00	0.00	-100	0.00	-200	-298
Issuance of Common Equity	2.14	0.10	38	3.56	3.02	4.10	3.82	1.57	0.29	0.00
Other Financing Activities, net	-11	-2.02	-0.06	-14	-1.21	-4.61	-3.92	-4.61	-5.29	-19
Effect of Exchange Rate Changes	-	-	0.05	-0.05	0.48	-	1.20	-	-0.89	-1.96
Cash Interest Paid	-	-	-	-	8.36	2.37	2.96	6.69	5.81	4.75
Cash Income Taxes Paid	-	-	-	-	36	59	59	14	65	48

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	1/3/2026	4/4/2026	7/4/2026
Net Change in Cash & Equivalents	158	-265	39	68	78	-100	11	-105	24	-61	-68
Net Cash From Operating Activities	171	-104	56	84	226	-80	61	101	173	-33	62
Net Cash From Continuing Operating Activities	171	-104	56	84	226	-80	61	101	173	-33	62
Net Income / (Loss) Continuing Operations	79	16	50	56	53	17	51	39	58	9.85	71
Consolidated Net Income / (Loss)	79	16	50	56	53	17	51	39	58	9.85	71
Depreciation Expense	12	11	12	12	12	13	13	14	14	14	14
Amortization Expense	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.17	0.16	0.16
Non-Cash Adjustments To Reconcile Net Income	2.20	11	8.83	8.70	28	10	11	12	21	11	12
Changes in Operating Assets and Liabilities, net	78	-142	-16	6.29	132	-120	-14	35	80	-67	-35
Net Cash From Investing Activities	-15	-58	-14	-15	-44	-16	-16	-50	-21	-15	-25
Net Cash From Continuing Investing Activities	-15	-58	-14	-15	-44	-16	-16	-50	-21	-15	-25
Purchase of Property, Plant & Equipment	-12	-11	-11	-9.71	-10	-8.90	-11	-12	-11	-11	-14
Sale and/or Maturity of Investments	-	-	-	-	-	-	-4.53	-	-	-3.41	-11
Net Cash From Financing Activities	-1.67	-103	-2.99	-1.72	-102	-6.47	-34	-154	-127	-12	-105
Net Cash From Continuing Financing Activities	-1.67	-102	-2.99	-1.72	-102	-6.47	-34	-154	-127	-12	-105
Repayment of Debt	-1.05	-1.06	-1.05	-1.06	-1.06	-1.06	-1.05	-1.06	-1.06	-1.06	-46
Other Financing Activities, net	-0.61	-1.17	-1.93	-0.95	-0.65	-5.42	-8.30	-2.85	-2.84	-11	-0.74
Other Net Changes in Cash	-	-	-	-	-	-	-1.09	-	-	-1.79	-0.47

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

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	516	514	630	737	1,096	1,077	1,297	1,286	1,235
Total Current Assets	303	297	361	476	770	719	914	827	660
Cash & Equivalents	54	80	73	253	312	235	439	359	188
Accounts Receivable	67	59	83	65	110	79	96	120	141
Inventories, net	175	145	186	140	319	371	337	310	291
Prepaid Expenses	7.13	12	20	18	30	33	42	38	40
Plant, Property, & Equipment, net	74	0.00	0.00	0.00	0.00	125	131	126	142
Total Noncurrent Assets	140	217	269	261	326	233	252	333	433
Goodwill	54	54	54	54	54	54	54	73	72
Intangible Assets	74	80	91	92	95	99	118	172	220
Other Noncurrent Operating Assets	1.01	75	123	114	177	80	80	89	141
Total Liabilities & Shareholders' Equity	516	514	630	737	1,096	1,077	1,297	1,286	1,235
Total Liabilities	593	485	508	449	579	550	574	546	585
Total Current Liabilities	152	187	170	288	404	409	398	380	334
Short-Term Debt	47	44	15	23	25	25	6.58	6.48	5.17
Accounts Payable	40	69	84	124	324	352	320	287	276
Current Deferred & Payable Income Tax Liabilities	12	6.39	3.33	18	15	15	33	38	16
Current Employee Benefit Liabilities	6.36	16	18	26	31	4.85	23	29	23
Other Current Liabilities	-	-	7.77	8.25	10	12	15	20	15
Total Noncurrent Liabilities	441	298	337	161	175	141	175	167	251
Long-Term Debt	429	284	282	111	96	72	79	73	68
Other Noncurrent Operating Liabilities	12	14	56	50	79	70	97	94	183
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-76	29	122	288	518	526	724	740	650
Total Preferred & Common Equity	-76	29	122	288	518	526	724	740	650
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-76	29	122	288	518	526	724	740	650
Common Stock	220	269	312	323	339	358	387	407	473
Retained Earnings	-296	-240	-190	-34	179	269	438	614	780
Treasury Stock	-	-	-	-	0.00	-100	-100	-282	-602
Accumulated Other Comprehensive Income / (Loss)	0.04	-0.09	0.00	-0.39	0.35	-0.42	-2.06	0.76	0.36

This table presents YETI'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	1,007	1,085	1,156	1,120	1,232	1,273	1,238	1,303	1,260	1,219	1,302
Total Current Assets	655	722	791	703	807	846	767	828	697	642	717
Cash & Equivalents	168	223	281	174	213	280	259	270	164	128	60
Accounts Receivable	96	132	128	108	159	144	121	164	157	136	175
Inventories, net	347	322	341	364	378	370	331	342	324	318	359
Prepaid Expenses	44	45	41	57	57	52	57	53	51	60	123
Plant, Property, & Equipment, net	125	0.00	0.00	130	132	131	131	138	143	142	150
Total Noncurrent Assets	227	364	365	287	293	296	340	337	421	434	435
Goodwill	54	54	54	73	73	73	72	72	72	72	72
Intangible Assets	101	111	114	134	137	138	174	176	214	224	226
Other Noncurrent Operating Assets	72	198	196	80	83	85	94	88	135	138	136
Total Liabilities & Shareholders' Equity	1,007	1,085	1,156	1,120	1,232	1,273	1,238	1,303	1,260	1,219	1,302
Total Liabilities	464	498	517	473	526	503	474	500	558	559	692
Total Current Liabilities	330	345	361	299	352	328	297	329	322	306	410
Short-Term Debt	24	6.17	6.51	6.37	6.48	6.29	6.49	6.33	5.84	4.68	4.35
Accounts Payable	279	306	309	236	287	266	248	269	269	261	349
Current Deferred & Payable Income Tax Liabilities	6.78	6.20	12	29	24	16	10	19	15	10	24
Current Employee Benefit Liabilities	8.53	15	20	11	18	22	12	14	16	15	17
Other Current Liabilities	11	12	13	16	16	17	21	21	16	15	15
Total Noncurrent Liabilities	134	153	156	174	175	175	176	171	236	253	283
Long-Term Debt	66	81	80	77	76	74	71	70	69	67	96
Other Noncurrent Operating Liabilities	68	72	77	97	99	101	105	101	166	186	186
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	543	587	639	647	706	770	764	803	703	660	610
Total Preferred & Common Equity	543	587	639	647	706	770	764	803	703	660	610
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	543	587	639	647	706	770	764	803	703	660	610
Common Stock	364	372	379	375	403	412	435	447	457	472	481
Retained Earnings	279	317	360	454	505	561	631	682	721	789	861
Treasury Stock	-100	-100	-100	-181	-201	-201	-302	-325	-476	-602	-733
Accumulated Other Comprehensive Income / (Loss)	-0.62	-2.19	-0.47	-1.28	-1.33	-2.32	-0.25	-0.90	0.02	0.77	0.88

This table displays calculated financial ratios and metrics derived from YETI's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	77,808,113.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	77,808,113.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	2.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	66	31	85	67	163	218	98	170	185	160
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	15.66%	20.96%	22.59%	22.15%
Earnings before Interest and Taxes (EBIT)	87	65	101	89	214	272	121	227	232	221
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	88	129	120	246	304	161	274	281	276
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-315	154	-2.14	340	61	35	188	94	86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	346	277	346	169	326	388	370	461	535
Increase / (Decrease) in Invested Capital	0.00	346	-69	69	-178	157	62	-18	91	75
Book Value per Share	$0.00	($0.94)	$0.34	$1.42	$3.31	$5.91	$6.10	$8.33	$8.73	$8.36
Tangible Book Value per Share	$0.00	($2.51)	($1.25)	($0.27)	$1.63	$4.20	$4.32	$6.35	$5.84	$4.60
Total Capital	0.00	399	357	419	422	638	623	809	819	724
Total Debt	0.00	476	328	297	134	120	96	85	79	73
Total Long-Term Debt	0.00	429	284	282	111	96	72	79	73	68
Net Debt	0.00	422	248	224	-120	-192	-138	-354	-279	-115
Capital Expenditures (CapEx)	36	42	21	32	16	56	46	51	42	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	145	73	133	-42	79	100	84	95	143
Debt-free Net Working Capital (DFNWC)	0.00	198	153	205	211	391	334	523	454	331
Net Working Capital (NWC)	0.00	151	110	190	189	366	310	516	447	326
Net Nonoperating Expense (NNE)	17	15	27	17	6.86	5.17	7.86	-0.37	9.45	-5.05
Net Nonoperating Obligations (NNO)	0.00	422	248	224	-120	-192	-138	-354	-279	-115
Total Depreciation and Amortization (D&A)	13	24	28	31	31	33	40	47	49	55
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.19	$0.71	$0.59	$1.79	$2.43	$1.04	$1.96	$2.07	$2.05
Adjusted Weighted Average Basic Shares Outstanding	81.10M	81.48M	81.78M	85.09M	86.98M	87.43M	86.52M	86.72M	84.94M	80.56M
Adjusted Diluted Earnings per Share	$0.58	$0.19	$0.69	$0.58	$1.77	$2.40	$1.03	$1.94	$2.05	$2.03
Adjusted Weighted Average Diluted Shares Outstanding	82.76M	82.97M	83.52M	86.35M	87.85M	88.67M	87.20M	87.40M	85.76M	81.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	81.10M	84.20M	86.79M	87.18M	87.73M	86.45M	86.93M	82.39M	75.27M
Normalized Net Operating Profit after Tax (NOPAT)	66	45	85	67	163	218	98	170	185	160
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from YETI's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	1/3/2026	4/4/2026	7/4/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	77,808,113.00	75,268,367.00	75,758,323.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	77,808,113.00	75,268,367.00	75,758,323.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.75	0.13	0.94
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.03%	12.75%	15.14%	10.35%	5.15%	2.85%	-3.80%	1.95%	-	8.34%	8.52%
EBITDA Growth	544.55%	25.18%	26.06%	24.19%	-28.77%	9.02%	1.30%	-21.92%	-	-24.24%	32.13%
EBIT Growth	374.74%	43.78%	31.48%	27.40%	-32.63%	6.13%	-0.02%	-27.87%	-	-41.78%	36.63%
NOPAT Growth	344.52%	66.43%	34.04%	15.38%	-15.27%	-15.76%	-7.76%	-23.78%	-	-35.36%	51.88%
Net Income Growth	383.34%	50.09%	32.37%	31.95%	-32.37%	4.76%	1.50%	-30.00%	-	-40.69%	39.42%
EPS Growth	387.10%	50.00%	34.09%	34.69%	-30.34%	11.11%	3.39%	-27.27%	-	-35.00%	54.10%
Operating Cash Flow Growth	-1.12%	-122.06%	-25.85%	-2.87%	31.78%	22.55%	9.35%	20.86%	-	59.34%	2.05%
Free Cash Flow Firm Growth	200.34%	-1,267.31%	-171.68%	-141.61%	-129.32%	85.10%	116.75%	96.50%	-	-1.43%	142.64%
Invested Capital Growth	-4.69%	19.76%	27.45%	28.58%	24.53%	4.74%	5.96%	7.53%	-	3.62%	6.72%
Revenue Q/Q Growth	19.89%	-34.32%	35.77%	3.22%	14.23%	-35.75%	26.99%	9.39%	-	-34.83%	27.20%
EBITDA Q/Q Growth	65.55%	-70.89%	140.04%	7.35%	-5.05%	-55.45%	123.05%	-17.25%	-	-69.74%	288.99%
EBIT Q/Q Growth	76.96%	-78.79%	212.26%	8.68%	-6.42%	-66.58%	194.17%	-21.60%	-	-82.51%	590.39%
NOPAT Q/Q Growth	63.27%	-75.57%	176.12%	4.74%	19.90%	-75.71%	202.33%	-13.45%	-	-82.84%	610.39%
Net Income Q/Q Growth	84.24%	-79.83%	217.86%	11.68%	-5.56%	-68.75%	207.97%	-22.97%	-	-83.08%	623.96%
EPS Q/Q Growth	81.63%	-79.78%	227.78%	11.86%	-6.06%	-67.74%	205.00%	-21.31%	-	-82.43%	623.08%
Operating Cash Flow Q/Q Growth	99.07%	-160.57%	153.98%	49.25%	170.09%	-135.60%	176.21%	64.95%	-	-118.88%	291.28%
Free Cash Flow Firm Q/Q Growth	-47.54%	-179.03%	0.26%	-0.64%	63.04%	59.84%	212.14%	-121.03%	-	33.59%	368.27%
Invested Capital Q/Q Growth	-16.59%	50.52%	3.32%	-0.87%	-19.22%	26.60%	4.53%	0.59%	-	12.85%	7.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.64%	57.06%	57.02%	58.05%	59.73%	57.45%	57.76%	55.87%	-	55.26%	66.66%
EBITDA Margin	22.04%	9.77%	17.27%	17.96%	14.93%	10.36%	18.19%	13.76%	-	7.24%	22.15%
Operating Margin	18.88%	7.56%	14.55%	14.55%	15.10%	6.17%	13.91%	11.14%	-	3.27%	19.33%
EBIT Margin	19.69%	6.36%	14.63%	15.40%	12.62%	6.56%	15.20%	10.90%	-	3.53%	19.14%
Profit (Net Income) Margin	15.12%	4.64%	10.87%	11.76%	9.73%	4.73%	11.47%	8.08%	-	2.59%	14.74%
Tax Burden Percent	76.28%	70.86%	74.92%	75.98%	76.89%	71.12%	75.12%	74.20%	-	80.09%	75.67%
Interest Burden Percent	100.65%	103.03%	99.19%	100.52%	100.24%	101.34%	100.44%	99.90%	-	91.67%	101.75%
Effective Tax Rate	23.72%	29.14%	25.08%	24.02%	23.11%	28.88%	24.88%	25.80%	-	19.91%	24.33%
Return on Invested Capital (ROIC)	63.04%	17.81%	37.33%	39.34%	51.15%	14.17%	32.14%	25.59%	-	8.37%	44.94%
ROIC Less NNEP Spread (ROIC-NNEP)	61.53%	20.71%	37.42%	37.63%	54.40%	13.28%	29.32%	26.23%	-	8.46%	44.21%
Return on Net Nonoperating Assets (RNNOA)	-24.22%	-2.92%	-7.71%	-10.55%	-23.53%	-2.55%	-6.29%	-5.15%	-	-1.41%	-4.77%
Return on Equity (ROE)	38.82%	14.88%	29.62%	28.79%	27.62%	11.61%	25.84%	20.44%	-	6.96%	40.17%
Cash Return on Invested Capital (CROIC)	49.54%	16.66%	12.84%	13.82%	22.74%	27.31%	24.27%	20.71%	-	22.54%	21.93%
Operating Return on Assets (OROA)	27.52%	10.16%	22.20%	22.87%	17.88%	10.24%	21.85%	15.76%	-	5.45%	28.45%
Return on Assets (ROA)	21.13%	7.41%	16.50%	17.47%	13.78%	7.38%	16.49%	11.68%	-	4.00%	21.91%
Return on Common Equity (ROCE)	38.82%	14.88%	29.62%	28.79%	27.62%	11.61%	25.84%	20.44%	-	6.96%	40.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	27.08%	26.56%	26.12%	0.00%	23.09%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	75	18	51	53	63	15	47	40	58	9.96	71
NOPAT Margin	14.40%	5.36%	10.90%	11.06%	11.61%	4.39%	10.45%	8.27%	-	2.62%	14.63%
Net Nonoperating Expense Percent (NNEP)	1.51%	-2.91%	-0.09%	1.71%	-3.25%	0.88%	2.82%	-0.64%	-	-0.09%	0.72%
Return On Investment Capital (ROIC_SIMPLE)	9.26%	-	-	-	7.74%	1.83%	5.30%	5.19%	8.02%	1.36%	9.96%
Cost of Revenue to Revenue	39.36%	42.94%	42.98%	41.95%	40.27%	42.55%	42.24%	44.13%	-	44.74%	33.34%
SG&A Expenses to Revenue	41.76%	49.50%	42.48%	43.49%	44.63%	51.28%	43.85%	44.73%	-	51.99%	47.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	41.76%	49.50%	42.48%	43.49%	44.63%	51.28%	43.85%	44.73%	-	51.99%	47.33%
Earnings before Interest and Taxes (EBIT)	102	22	68	74	69	23	68	53	77	13	93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	115	33	80	86	82	36	81	67	91	28	107
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.22	5.18	4.61	4.47	4.51	3.57	3.16	3.98	-	4.15	6.18
Price to Tangible Book Value (P/TBV)	8.15	7.61	6.56	6.16	6.74	5.27	4.57	6.71	-	7.52	12.10
Price to Revenue (P/Rev)	2.71	1.97	1.85	1.91	1.82	1.48	1.39	1.53	-	1.44	1.94
Price to Earnings (P/E)	26.47	19.11	17.34	17.12	19.00	15.45	14.30	17.43	-	17.25	21.05
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Earnings Yield	3.78%	5.23%	5.77%	5.84%	5.26%	6.47%	6.99%	5.74%	-	5.80%	4.75%
Enterprise Value to Invested Capital (EV/IC)	11.20	5.85	5.43	5.69	6.64	4.36	3.84	4.41	-	4.44	5.85
Enterprise Value to Revenue (EV/Rev)	2.50	1.92	1.78	1.80	1.67	1.38	1.28	1.48	-	1.41	1.97
Enterprise Value to EBITDA (EV/EBITDA)	15.13	11.61	10.50	10.33	10.89	8.96	8.21	10.16	-	10.05	12.99
Enterprise Value to EBIT (EV/EBIT)	18.26	13.95	12.50	12.21	13.17	10.90	10.02	12.70	-	12.70	16.13
Enterprise Value to NOPAT (EV/NOPAT)	24.44	18.41	16.45	16.48	16.52	13.98	13.14	16.35	-	17.31	21.24
Enterprise Value to Operating Cash Flow (EV/OCF)	14.49	14.23	14.90	15.67	11.70	8.94	8.07	8.80	-	8.87	12.53
Enterprise Value to Free Cash Flow (EV/FCFF)	22.07	38.29	47.37	46.30	32.40	16.35	16.28	22.08	-	20.03	27.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.13	0.12	0.10	0.11	0.10	0.10	0.11	-	0.11	0.17
Long-Term Debt to Equity	0.11	0.12	0.11	0.10	0.10	0.09	0.09	0.10	-	0.10	0.16
Financial Leverage	-0.39	-0.14	-0.21	-0.28	-0.43	-0.19	-0.21	-0.20	-	-0.17	-0.11
Leverage Ratio	1.90	1.79	1.79	1.72	1.76	1.67	1.68	1.72	-	1.72	1.84
Compound Leverage Factor	1.91	1.84	1.78	1.73	1.77	1.69	1.69	1.72	-	1.58	1.88
Debt to Total Capital	10.54%	11.46%	10.44%	9.49%	9.68%	9.25%	8.70%	9.65%	-	9.84%	14.19%
Short-Term Debt to Total Capital	0.81%	0.87%	0.82%	0.74%	0.79%	0.77%	0.72%	0.75%	-	0.64%	0.61%
Long-Term Debt to Total Capital	9.72%	10.59%	9.62%	8.75%	8.89%	8.48%	7.98%	8.90%	-	9.20%	13.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	89.46%	88.54%	89.56%	90.51%	90.32%	90.75%	91.30%	90.35%	-	90.16%	85.81%
Debt to EBITDA	0.31	0.30	0.28	0.26	0.28	0.27	0.27	0.28	-	0.27	0.34
Net Debt to EBITDA	-1.29	-0.32	-0.44	-0.64	-0.99	-0.64	-0.68	-0.34	-	-0.21	0.14
Long-Term Debt to EBITDA	0.29	0.28	0.26	0.24	0.26	0.25	0.25	0.26	-	0.25	0.33
Debt to NOPAT	0.50	0.47	0.43	0.41	0.43	0.43	0.43	0.45	-	0.47	0.56
Net Debt to NOPAT	-2.09	-0.51	-0.69	-1.02	-1.51	-1.00	-1.08	-0.54	-	-0.36	0.23
Long-Term Debt to NOPAT	0.46	0.44	0.40	0.38	0.39	0.39	0.39	0.42	-	0.43	0.54
Altman Z-Score	7.19	6.83	6.33	6.82	6.35	6.17	5.80	5.76	-	5.77	6.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.30	2.35	2.29	2.58	2.18	2.58	2.52	2.16	-	2.10	1.75
Quick Ratio	1.34	0.94	1.06	1.29	1.26	1.28	1.32	1.00	-	0.86	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	93	-74	-73	-74	-27	-11	12	-2.58	-17	-11	30
Operating Cash Flow to CapEx	1,464.39%	-974.01%	509.10%	860.59%	2,150.22%	-902.10%	554.20%	853.33%	-	-293.63%	434.89%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.40	1.60	1.52	1.48	1.42	1.56	1.44	1.45	-	1.55	1.49
Accounts Receivable Turnover	18.93	16.65	12.10	13.28	16.95	16.07	11.29	12.16	-	14.79	11.44
Inventory Turnover	2.02	2.03	2.09	2.11	2.37	2.22	2.11	2.23	-	2.52	2.25
Fixed Asset Turnover	12.99	13.32	0.00	0.00	14.24	14.12	13.49	13.38	-	13.90	13.43
Accounts Payable Turnover	2.13	2.80	2.47	2.61	2.53	3.18	2.73	2.89	-	3.21	2.55
Days Sales Outstanding (DSO)	19.28	21.93	30.17	27.49	21.54	22.71	32.32	30.01	-	24.67	31.90
Days Inventory Outstanding (DIO)	180.74	179.90	174.43	172.91	154.09	164.72	173.33	163.89	-	145.01	162.07
Days Payable Outstanding (DPO)	171.56	130.39	147.70	139.74	144.54	114.83	133.87	126.15	-	113.65	142.94
Cash Conversion Cycle (CCC)	28.46	71.44	56.90	60.66	31.09	72.59	71.77	67.74	-	56.04	51.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	370	557	575	570	461	583	610	613	535	604	650
Invested Capital Turnover	4.38	3.32	3.43	3.56	4.41	3.23	3.08	3.10	-	3.20	3.07
Increase / (Decrease) in Invested Capital	-18	92	124	127	91	26	34	43	75	21	41
Enterprise Value (EV)	4,144	3,258	3,121	3,244	3,058	2,545	2,340	2,706	-	2,681	3,805
Market Capitalization	4,497	3,348	3,252	3,444	3,338	2,726	2,533	2,795	-	2,737	3,764
Book Value per Share	$8.33	$7.49	$8.28	$9.10	$8.73	$9.28	$9.69	$8.65	$8.36	$8.77	$8.05
Tangible Book Value per Share	$6.35	$5.10	$5.82	$6.61	$5.84	$6.28	$6.69	$5.13	$4.60	$4.83	$4.11
Total Capital	809	731	788	851	819	842	879	778	724	732	710
Total Debt	85	84	82	81	79	78	76	75	73	72	101
Total Long-Term Debt	79	77	76	74	73	71	70	69	68	67	96
Net Debt	-354	-90	-131	-200	-279	-181	-193	-89	-115	-56	41
Capital Expenditures (CapEx)	12	11	11	9.71	10	8.90	11	12	11	11	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	84	237	249	244	95	217	236	216	143	214	252
Debt-free Net Working Capital (DFNWC)	523	411	462	524	454	476	506	380	331	341	312
Net Working Capital (NWC)	516	404	455	518	447	470	499	375	326	337	307
Net Nonoperating Expense (NNE)	-3.72	2.44	0.12	-3.38	10	-1.20	-4.56	0.93	-0.17	0.11	-0.55
Net Nonoperating Obligations (NNO)	-354	-90	-131	-200	-279	-181	-193	-89	-115	-56	41
Total Depreciation and Amortization (D&A)	12	12	12	12	13	13	13	14	14	14	15
Debt-free, Cash-free Net Working Capital to Revenue	5.04%	13.96%	14.16%	13.53%	5.19%	11.82%	12.95%	11.80%	-	11.25%	13.02%
Debt-free Net Working Capital to Revenue	31.51%	24.20%	26.27%	29.09%	24.80%	25.90%	27.75%	20.78%	-	17.99%	16.11%
Net Working Capital to Revenue	31.11%	23.83%	25.90%	28.74%	24.44%	25.55%	27.40%	20.46%	-	17.74%	15.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.91	$0.18	$0.59	$0.66	$0.64	$0.20	$0.62	$0.49	$0.74	$0.13	$0.95
Adjusted Weighted Average Basic Shares Outstanding	86.72M	86.36M	84.79M	84.71M	84.94M	82.60M	82.73M	80.40M	80.56M	75.32M	74.69M
Adjusted Diluted Earnings per Share	$0.89	$0.18	$0.59	$0.66	$0.62	$0.20	$0.61	$0.48	$0.74	$0.13	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	87.40M	87.16M	85.47M	85.49M	85.76M	83.54M	83.46M	81.43M	81.60M	76.75M	75.78M
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	86.93M	85.24M	84.65M	84.83M	82.39M	82.82M	81.22M	77.81M	75.27M	75.76M	72.99M
Normalized Net Operating Profit after Tax (NOPAT)	75	18	51	53	63	15	47	40	58	9.96	71
Normalized NOPAT Margin	14.40%	5.36%	10.90%	11.06%	11.61%	4.39%	10.45%	8.27%	-	2.62%	14.63%
Pre Tax Income Margin	19.82%	6.55%	14.51%	15.48%	12.65%	6.65%	15.27%	10.89%	-	3.23%	19.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Augmented Payout Ratio	0.00%	57.09%	53.33%	49.72%	113.84%	56.68%	70.29%	171.21%	-	0.00%	227.18%

Financials Breakdown Chart

Key Financial Trends

YETI’s first quarter of 2026 looked like a mixed start to the year: revenue held up reasonably well, but profitability and cash generation weakened sharply versus the prior quarter and versus the same period last year. The company remained profitable on an accounting basis, yet operating cash flow turned negative, which is an important watch item for investors.

Revenue was $380.4 million in Q1 2026, showing the business is still generating a sizable top line.
Gross profit was $210.2 million, and gross margin was about 55.3%, which remains solid for a consumer brand.
YETI stayed profitable with net income of $9.9 million, or $0.13 per share.
Inventory declined to $318.4 million from $324.0 million in the prior quarter, which may suggest a better balance between supply and demand.
Cash and equivalents remained sizable at $127.8 million, giving the company some liquidity cushion.
Revenue fell sequentially from $583.7 million in Q4 2025, though that comparison is seasonally skewed because Q4 is typically YETI’s strongest quarter.
Shares outstanding came down slightly versus recent periods, but dilution is still a factor investors should monitor.
PP&E spending was modest at $11.1 million, suggesting capex remained controlled in the quarter.
Operating income dropped to $12.4 million from $75.5 million in Q4 2025 and $21.7 million in Q1 2025, showing a clear margin squeeze.
Operating cash flow was negative $32.6 million, a sharp deterioration from positive $172.9 million in the prior quarter and positive $61.2 million in Q2 2025.
Changes in operating assets and liabilities were a major drag at negative $67.5 million, indicating working-capital pressure.
Cash declined by $60.6 million during the quarter, reducing flexibility.
Accounts payable and equity both declined from late 2025 levels, while liabilities remained significant at $558.7 million versus equity of $659.9 million.

Longer-term trend: YETI has shown the ability to produce strong earnings and cash flow in stronger quarters, especially during the holiday season. But the last few reported quarters show uneven operating performance, with revenue growth moderating and cash conversion becoming more volatile. In particular, Q1 2026 stands out because net income stayed positive while cash from operations swung negative, which suggests earnings quality deserves close attention.

Bottom line: YETI still looks like a profitable brand with a healthy balance sheet, but the latest quarter points to margin pressure and weaker cash generation. Retail investors will likely want to watch whether management can restore operating leverage and improve working capital efficiency over the next few quarters.

08/20/26 03:06 PM ETAI Generated. May Contain Errors.

YETI Financials - Frequently Asked Questions

According to the most recent income statement we have on file, YETI's financial year ends in January. Their financial year 2026 ended on January 3, 2026.

YETI's net income appears to be on an upward trend, with a most recent value of $165.39 million in 2025, rising from $48.79 million in 2016. The previous period was $175.69 million in 2024. View YETI's forecast to see where analysts expect YETI to go next.

YETI's total operating income in 2025 was $213.56 million, based on the following breakdown:

Total Gross Profit: $1.07 billion
Total Operating Expenses: $859.13 million

Over the last 9 years, YETI's total revenue changed from $818.91 million in 2016 to $1.87 billion in 2025, a change of 128.2%.

YETI's total liabilities were at $585.14 million at the end of 2025, a 7.2% increase from 2024, and a 1.3% decrease since 2017.

In the past 8 years, YETI's cash and equivalents has ranged from $53.65 million in 2017 to $438.96 million in 2023, and is currently $188.34 million as of their latest financial filing in 2025.

Over the last 9 years, YETI's book value per share changed from 0.00 in 2016 to 8.36 in 2025, a change of 835.7%.

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

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YETI (YETI) Financials

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