WINNEBAGO INDUSTRIES INC WGO

Consumer discretionary SIC 3716 - Motor Homes NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Body and Trailer Manufacturing › Motor Home Manufacturing derived NYSE

The use of the terms "Winnebago Industries," "Winnebago," "we," "our," and "us" in this Annual Report on Form 10-K, unless the context otherwise requires, refer to Winnebago Industries, Inc. and its wholly-owned subsidiaries.

Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand

Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. We also design and manufacture advanced battery solutions that deliver "house power," supporting internal electrical features and appliances for a variety of outdoor products including RVs, boats, specialty and other low-speed vehicles, as well as other industrial applications. Other products manufactured by us consist primarily of original equipment manufacturing parts for other manufacturers and commercial vehicles. We produce our towable RV units in Indiana; our motorhome RV units in Iowa and Indiana; our marine units in Indiana and Florida; and our battery solutions in Florida. We distribute our RV and marine products primarily through independent dealers throughout the U.S. and Canada, who then retail the products to the end consumer. We also distribute our marine products internationally through independent dealers, who then retail the products to the end consumer. Our battery solutions are primarily sold to customers in the U.S.

Last close 28.65 2026-10-23
Market cap $809.9M 2026-05-30 share count
52-week range 21.95 - 50.16

Valuation FY2025 figures against the last close

P/S0.3x
P/E31.5x
P/FCF9.0x
EV/EBITDA10.0x
Dividend yield4.8%
Diluted EPS0.91

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.6B (93.6%) 94% United States International, FY2025: 178.6M (6.4%) 6% FY2024 United States, FY2024: 2.8B (93.3%) 93% International, FY2024: 198.4M (6.7%) 7% FY2023 United States, FY2023: 3.3B (95.9%) 96% International, FY2023: 144.1M (4.1%) 4%
Region FY2025FY2024FY2023
United States $2.62B $2.78B $3.35B
International $178.6M $198.4M $144.1M

As the company reported it, from the “Business Segments - Revenues by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.80B$2.97B$3.49B$4.96B$3.63B$2.36B$1.99B$2.02B$1.55B$975.2M
Cost of revenue $2.43B$2.54B$2.90B$4.03B$2.98B$2.04B$1.68B$1.72B$1.32B$862.6M
Gross profit $365.1M$433.5M$586.1M$929.3M$650.4M$312.9M$307.2M$299.8M$222.6M$112.6M
R&D —————————$4.0M
SG&A $285.8M$280.0M$267.7M$316.4M$228.6M$177.1M$142.3M$130.1M$97.6M$33.2M
Total operating expenses $307.9M$333.3M$285.4M$345.8M$243.0M$199.2M$151.9M$139.4M$97.5M$46.9M
Operating income $57.2M$100.2M$300.7M$583.5M$407.4M$113.8M$155.3M$160.4M$125.1M$65.7M
Interest expense $25.9M$21.1M$20.5M$41.3M$40.4M$37.5M$17.9M$18.2M$16.8M$0
Pre-tax income $30.1M$38.4M$279.2M$514.7M$367.5M$77.3M$138.9M$142.6M$108.6M$66.2M
Income tax $4.4M$25.4M$63.3M$124.1M$85.6M$15.8M$27.1M$40.3M$37.3M$20.7M
Net income $25.7M$13.0M$215.9M$390.6M$281.9M$61.4M$111.8M$102.4M$71.3M$45.5M
EPS, basic 0.910.447.1212.038.411.853.553.242.331.69
EPS, diluted 0.910.446.2311.848.281.843.523.222.321.68
Shares, diluted (wtd. avg.) 28.3M29.5M35.4M33.0M34.1M33.5M31.7M31.8M30.8M27.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $174.0M$330.9M$309.9M$282.2M$434.6M$292.6M$37.4M$2.3M$35.9M$85.6M
Receivables $192.0M$183.5M$178.5M$254.1M$253.8M$220.8M$158.0M$164.6M$124.5M$66.2M
Inventory $396.4M$438.7M$470.6M$525.8M$341.5M$182.9M$201.1M$195.1M$142.3M$122.5M
Total current assets $792.2M$988.7M$996.7M$1.09B$1.06B$713.6M$410.7M$371.9M$314.1M$280.6M
Property, plant and equipment $333.0M$338.9M$327.3M$276.2M$191.4M$174.9M$127.6M$101.2M$71.6M$55.9M
Goodwill $484.2M$484.2M$514.5M$484.2M$348.1M$348.1M$274.9M$274.4M$242.7M$1.2M
Other intangibles $456.9M$479.0M$502.0M$472.4M$390.4M$404.8M$256.1M$265.7M$228.4M$0
Total assets $2.15B$2.38B$2.43B$2.42B$2.06B$1.71B$1.10B$1.05B$902.5M$390.7M
Accounts payable $129.3M$144.7M$146.9M$217.5M$180.0M$132.5M$81.6M$81.0M$79.2M$44.1M
Short-term debt $0$59.1M$0——$0$8.9M$0$2.9M$0
Total current liabilities $327.1M$404.7M$396.0M$522.1M$407.3M$300.4M$197.7M$204.2M$167.2M$92.9M
Long-term debt $540.5M$637.1M$592.4M$545.9M$528.6M$512.6M$245.4M$291.4M$271.7M$0
Total liabilities $929.7M$1.11B$1.06B$1.15B$1.01B$886.2M————
Retained earnings $1.71B$1.72B$1.75B$1.54B$1.17B$913.6M$866.9M$768.8M$679.1M$620.5M
Total equity $1.22B$1.27B$1.37B$1.26B$1.06B$827.5M$632.2M$534.4M$441.7M$268.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $128.9M$143.9M$294.5M$400.6M$237.3M$270.4M$133.8M$83.3M$97.1M$52.7M
Depreciation and amortisation $60.6M$58.6M$46.9M$24.2M$18.2M$16.0M$13.7M$9.8M$7.3M$5.7M
Stock-based compensation $15.8M$14.6M$10.9M$17.1M$15.3M$6.5M$7.1M$7.4M$3.0M$3.3M
Capital expenditure $39.4M$45.0M$83.2M$88.0M$44.9M$32.4M$40.9M$28.7M$14.0M$24.6M
Investing cash flow -$34.8M-$45.9M-$170.0M-$315.7M-$33.0M-$293.1M-$38.9M-$111.8M-$405.4M-$23.4M
Financing cash flow -$251.0M-$77.0M-$96.8M-$237.3M-$62.3M$277.8M-$59.7M-$5.2M$258.6M-$14.0M
Dividends paid $38.9M$36.8M$33.2M$23.8M$16.2M$14.6M$13.7M$12.7M$12.7M$10.9M
Buybacks $53.7M$74.5M$55.1M$214.3M$47.6M$1.8M$8.2M$6.5M$1.5M$3.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000107687-25-000034.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 975.2M Gross profit, FY2016: 112.6M Net income, FY2016: 45.5M Revenue, FY2017: 1.5B Gross profit, FY2017: 222.6M Net income, FY2017: 71.3M Revenue, FY2018: 2B Gross profit, FY2018: 299.8M Net income, FY2018: 102.4M Revenue, FY2019: 2B Gross profit, FY2019: 307.2M Net income, FY2019: 111.8M Revenue, FY2020: 2.4B Gross profit, FY2020: 312.9M Net income, FY2020: 61.4M Revenue, FY2021: 3.6B Gross profit, FY2021: 650.4M Net income, FY2021: 281.9M Revenue, FY2022: 5B Gross profit, FY2022: 929.3M Net income, FY2022: 390.6M Revenue, FY2023: 3.5B Gross profit, FY2023: 586.1M Net income, FY2023: 215.9M Revenue, FY2024: 3B Gross profit, FY2024: 433.5M Net income, FY2024: 13M Revenue, FY2025: 2.8B Gross profit, FY2025: 365.1M Net income, FY2025: 25.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $975.2M $1.55B $2.02B $1.99B $2.36B $3.63B $4.96B $3.49B $2.97B $2.80B
Gross profit $112.6M $222.6M $299.8M $307.2M $312.9M $650.4M $929.3M $586.1M $433.5M $365.1M
Net income $45.5M $71.3M $102.4M $111.8M $61.4M $281.9M $390.6M $215.9M $13.0M $25.7M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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