YETI Holdings, Inc. YETI
Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to bags and apparel, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes you. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.83B | $1.66B | $1.60B | $1.41B | $1.09B | $913.7M | $778.8M | $639.2M | $818.9M |
| Cost of revenue | $795.8M | $766.6M | $715.5M | $831.8M | $594.9M | $462.9M | $438.4M | $395.7M | $344.6M | $405.0M |
| Gross profit | $1.07B | $1.06B | $943.2M | $763.4M | $816.1M | $628.8M | $475.3M | $383.1M | $294.6M | $414.0M |
| R&D | $25.2M | $21.1M | $15.5M | $15.4M | $13.7M | $11.2M | $20.5M | $10.8M | $8.8M | $29.5M |
| SG&A | $859.1M | $817.9M | $717.7M | $637.0M | $541.2M | $414.6M | $385.5M | $281.0M | $230.6M | $325.8M |
| Operating income | $213.6M | $245.4M | $225.5M | $126.4M | $274.9M | $214.2M | $89.8M | $102.2M | $64.0M | $88.2M |
| Interest expense | — | — | $942.0K | $4.5M | $3.3M | $9.2M | $21.8M | $31.3M | $32.6M | $21.7M |
| Pre-tax income | $220.3M | $232.8M | $225.9M | $116.2M | $268.4M | $205.2M | $67.3M | $69.6M | $32.1M | $65.3M |
| Income tax | $54.9M | $57.2M | $56.1M | $26.5M | $55.8M | $49.4M | $16.8M | $11.9M | $16.7M | $16.5M |
| Net income | $165.4M | $175.7M | $169.9M | $89.7M | $212.6M | $155.8M | $50.4M | $57.8M | $15.4M | $48.0M |
| EPS, basic | 2.05 | 2.07 | 1.96 | 1.04 | 2.43 | 1.79 | 0.59 | 0.71 | 0.19 | 0.59 |
| EPS, diluted | 2.03 | 2.05 | 1.94 | 1.03 | 2.40 | 1.77 | 0.58 | 0.69 | 0.19 | 0.58 |
| Shares, diluted (wtd. avg.) | $81.6M | $85.8M | $87.4M | $87.2M | $88.7M | $87.8M | $86.3M | $83.5M | $83.0M | $82.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $188.3M | $358.8M | $439.0M | $234.7M | $312.2M | $253.3M | $72.5M | $80.1M | $53.6M | $21.3M |
| Receivables | $141.4M | $120.2M | $95.8M | $79.4M | $109.5M | $65.4M | $82.7M | $59.3M | $67.2M | — |
| Inventory | $290.6M | $310.1M | $337.2M | $371.4M | $318.9M | $140.1M | $185.7M | $145.4M | $175.1M | — |
| Total current assets | $660.3M | $826.8M | $914.4M | $718.9M | $770.2M | $476.5M | $360.5M | $297.0M | $303.0M | — |
| Property, plant and equipment | — | — | — | — | — | — | — | $74.1M | $73.8M | — |
| Goodwill | $72.3M | $72.6M | $54.3M | $54.3M | $54.3M | $54.3M | $54.3M | $54.3M | $54.3M | — |
| Other intangibles | $219.8M | $172.0M | $117.6M | $99.4M | $95.3M | $92.1M | $90.8M | $80.0M | $74.3M | — |
| Total assets | $1.24B | $1.29B | $1.30B | $1.08B | $1.10B | $737.1M | $629.5M | $514.2M | $516.4M | — |
| Accounts payable | $140.2M | $158.5M | $190.4M | $140.8M | $191.3M | $123.6M | $83.8M | $68.7M | $40.3M | — |
| Short-term debt | $4.2M | $4.2M | $4.2M | $22.5M | $22.5M | $22.5M | $15.0M | $43.6M | $47.0M | — |
| Total current liabilities | $334.3M | $379.5M | $398.4M | $409.0M | $403.7M | $287.8M | $170.3M | $187.3M | $151.9M | — |
| Long-term debt | $68.3M | $72.8M | $78.6M | $71.7M | $95.7M | $111.0M | $281.7M | $284.4M | $428.6M | — |
| Total liabilities | $585.1M | $546.0M | $573.6M | $550.3M | $578.5M | $448.6M | $507.5M | $485.2M | $592.7M | — |
| Retained earnings | $779.5M | $614.1M | $438.4M | $268.6M | $178.9M | -$33.7M | -$189.5M | -$240.1M | -$296.2M | — |
| Total equity | $650.3M | $740.1M | $723.6M | $526.5M | $517.8M | $288.4M | $122.0M | $29.0M | -$76.2M | -$95.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $254.7M | $261.4M | $285.9M | $100.9M | $146.5M | $366.4M | $86.9M | $176.1M | $147.8M | $28.9M |
| Depreciation and amortisation | $54.2M | $48.1M | $46.4M | $39.8M | $32.1M | $30.5M | $29.0M | $24.8M | $20.8M | $11.7M |
| Stock-based compensation | $47.7M | $40.7M | $29.8M | $17.8M | $15.5M | $9.0M | $52.3M | $13.2M | $13.4M | $118.4M |
| Capital expenditure | $42.7M | $41.8M | $50.7M | $45.9M | $56.1M | $15.6M | $32.1M | $20.9M | $42.2M | $35.6M |
| Investing cash flow | -$101.8M | -$131.4M | -$72.8M | -$56.9M | -$65.8M | -$22.9M | -$48.7M | -$31.7M | -$38.7M | -$55.9M |
| Financing cash flow | -$321.4M | -$209.2M | -$13.6M | -$122.6M | -$23.0M | -$163.2M | -$45.7M | -$118.0M | -$72.2M | $8.0M |
| Dividends paid | — | — | — | — | $0 | $0 | $636.0K | $2.5M | $2.8M | $453.9M |
| Buybacks | $297.8M | $200.0M | $0 | $100.0M | $0 | $0 | $0 | $2.0M | $0 | — |
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 0001670592-26-000013.
Others in SIC 3949
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|---|---|---|---|---|
| GOLF | Acushnet Holdings Corp. | $5.07B | 27.9x | 4.1% |
| CALY | Callaway Golf Co | $2.84B | — | -0.8% |
| PTON | PELOTON INTERACTIVE, INC. | $2.29B | 38.6x | -1.8% |
| ESCA | ESCALADE INC | $287.3M | 21.1x | -4.5% |
| AOUT | American Outdoor Brands, Inc. | $182.8M | — | -14.3% |
| CLAR | Clarus Corp | $143.6M | — | -5.2% |
| NWTG | Newton Golf Company, Inc. | $7.3M | — | 136.1% |
| TRUG | TruGolf Holdings, Inc. | $347.1K | — | -11.3% |