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Winnebago Industries

WGO NYSE Automobile Manufacturers Financials FY2017–FY2026

Winnebago Industries' revenue fell 3.4% to $2.7 billion in fiscal 2026. Its operating margin was 2.5%, up from 2.0% a year earlier. Free cash flow was $145 million, up 61.6%. It paid out $42 million in dividends and buybacks, 29% of free cash flow. The diluted share count rose 0.3%.

Last close · Oct 23, 2026

$28.65

0.3%
Value it Compare
Revenue Total sales reported in the income statement.
$2.7B
3.4% vs prior year
Operating margin Operating income as a share of revenue.
2.5%
0.4 pts
Net income Profit after all expenses, interest and tax.
$34.5M
34.2%
Free cash flow Cash from operations minus capital spending.
$145M
61.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3.3%
0.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$814M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
23.7x

What Winnebago Industries does

No business description yet.

Legal name
WINNEBAGO INDUSTRIES, INC.
Fiscal year ends
August 29, 2026
Latest annual report
—
Accession · CIK
0001628280-26-066701
0000107687

Revenue and margins

Winnebago Industries had $2.7B of revenue in fiscal 2026, down 3.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew −7.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $145M in fiscal 2026, 5.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Winnebago Industries returned $41.6M to shareholders in fiscal 2026, 29% of free cash flow. The diluted share count rose 0.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Winnebago Industries yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$268M and divides by 28.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 23.7x · peers — · sector 17.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Winnebago Industries can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $282M$310M$331M$174M$181M
Debt incl. finance leases $554M$601M$647M$549M$450M
Net debt / EBITDA 0.4x0.8x2.0x3.2x2.1x
Debt / equity 0.4x0.4x0.5x0.5x0.4x
Interest coverage 14.1x14.7x4.8x2.2x3.2x
Current ratio 2.1x2.5x2.4x2.4x2.2x
Quick ratio 1.1x1.3x1.4x1.2x1.0x
Total assets $2.4B$2.4B$2.4B$2.2B$2.1B
Total liabilities $1.2B$1.1B$1.1B$930M$865M
Shareholders' equity $1.3B$1.4B$1.3B$1.2B$1.2B
Net debt (− = net cash) $271M$292M$316M$375M$268M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.8M

2 insiders

Of sales under plans

64%

$0.5M

DateInsiderTradeSharesPriceValueFiling
Aug 19, 2026 Bret A WoodsonSvp-chro Sold plan 1,235 $31.73 $0.0M Form 4
Aug 13, 2026 Bret A WoodsonSvp-chro Sold plan 2,414 $32.66 $0.1M Form 4
Aug 13, 2026 Michael J HappePresident & CEO, Director Sold plan 12,045 $32.68 $0.4M Form 4
Oct 27, 2025 Michael J HappePresident & CEO, Director Sold 7,105 $41.38 $0.3M Form 4
Oct 24, 2025 Sara E ArmbrusterDirector Bought 2,700 $40.27 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✓
Current ratio rose ✕ ✕ ✕
Share count didn't rise ✓ ✓ ✕
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 4 / 96 / 96 / 9
Accruals ratio −5.4%−4.6%−6.3%
Altman Z'' 5.455.575.66

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Winnebago Industries WGO $814M −3.4% 2.5% 5.4% 3.3% 23.7x 6
Rivian Automotive RIVN $15.7B 8.4% −66.6% −46.2% −88.0% — 4 Compare →
Lucid Group LCID $1.3B 67.6% −258.7% −280.7% −136.7% — 3 Compare →
Tesla TSLA $1.32T −2.9% 4.6% 6.6% 7.2% — 5 Compare →
General Motors GM $67.3B −1.3% 1.6% 9.5% 1.5% 16.5x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $1.5B $2.0B $2.0B $2.4B $3.6B $5.0B $3.5B $3.0B $2.8B $2.7B
Gross profit $223M $300M $307M $313M $650M $929M $586M $434M $365M $350M
Operating income $125M $160M $155M $114M $407M $584M $301M $100M $57.2M $66.2M
Interest expense $16.8M $18.2M $17.9M $37.5M $40.4M $41.3M $20.5M $21.1M $25.9M $20.9M
Pretax income $109M $143M $139M $77.3M $368M $515M $279M $38.4M $30.1M $44.4M
Income tax $37.3M $40.3M $27.1M $15.8M $85.6M $124M $63.3M $25.4M $4.4M $9.9M
Net income $71.3M $102M $112M $61.4M $282M $391M $216M $13.0M $25.7M $34.5M
Diluted EPS $2.32 $3.22 $3.52 $1.84 $8.28 $11.84 $6.23 $0.44 $0.91 $1.21
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.04B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $97.1M $83.3M $134M $270M $237M $401M $295M $144M $129M $169M
Capital expenditure $14.0M $28.7M $40.9M $32.4M $44.9M $88.0M $83.2M $45.0M $39.4M $24.1M
Free cash flow $83.1M $54.7M $92.9M $238M $192M $313M $211M $98.9M $89.5M $145M
Depreciation and amortization $32.0M $19.2M $23.3M $38.1M $32.6M $53.6M $46.9M $58.6M $60.6M $60.0M
Stock-based compensation $3.0M $7.4M $7.1M $6.5M $15.3M $17.1M $10.9M $14.6M $15.8M $16.9M
Acquisitions $393M $81.2M $0.7M $261M $0.0M $228M $87.5M $0.0M $0.0M $0.0M
Share buybacks $1.5M $6.5M $8.2M $1.8M $47.6M $214M $55.1M $74.5M $53.7M $1.7M
Dividends paid $12.7M $12.7M $13.7M $14.6M $16.2M $23.8M $33.2M $36.8M $38.9M $39.9M
Dividends and buybacks $14.3M $19.2M $21.8M $16.4M $63.8M $238M $88.3M $111M $92.6M $41.6M
Balance sheet
Cash and short-term investments $35.9M $2.3M $37.4M $293M $435M $282M $310M $331M $174M $181M
Total debt $275M $291M $254M $513M $529M $546M $592M $637M $541M $443M
Finance lease liabilities $0.0M $0.0M $0.0M $5.4M $6.0M $7.7M $9.0M $9.4M $8.1M $6.3M
Current assets $314M $372M $411M $714M $1.1B $1.1B $997M $989M $792M $778M
Current liabilities $167M $204M $198M $300M $407M $522M $396M $405M $327M $359M
Inventory $142M $195M $201M $183M $342M $526M $471M $439M $396M $405M
Property and equipment, net $71.6M $101M $128M $175M $191M $276M $327M $339M $333M $318M
Total assets $903M $1.1B $1.1B $1.7B $2.1B $2.4B $2.4B $2.4B $2.2B $2.1B
Total liabilities $461M $517M $472M $886M $1.0B $1.2B $1.1B $1.1B $930M $865M
Shareholders' equity $442M $534M $632M $828M $1.1B $1.3B $1.4B $1.3B $1.2B $1.2B
Margins
Gross margin 14.4% 14.9% 15.5% 13.3% 17.9% 18.7% 16.8% 14.6% 13.1% 13.0%
Operating margin 8.1% 8.0% 7.8% 4.8% 11.2% 11.8% 8.6% 3.4% 2.0% 2.5%
EBITDA margin 10.2% 8.9% 9.0% 6.5% 12.1% 12.9% 10.0% 5.3% 4.2% 4.7%
Net margin 4.6% 5.1% 5.6% 2.6% 7.8% 7.9% 6.2% 0.4% 0.9% 1.3%
FCF margin 5.4% 2.7% 4.7% 10.1% 5.3% 6.3% 6.1% 3.3% 3.2% 5.4%
Returns
Return on capital 19.0% 15.3% 14.9% 9.5% 28.3% 32.9% 14.6% 3.1% 3.1% 3.3%
Return on capital employed 24.2% 20.3% 17.7% 9.8% 26.6% 32.9% 15.3% 5.0% 3.0% 3.7%
Return on equity 20.1% 21.0% 19.2% 8.4% 29.9% 33.7% 16.4% 1.0% 2.1% 2.8%
Return on assets 11.0% 10.5% 10.4% 4.4% 14.9% 17.4% 8.9% 0.5% 1.1% 1.6%
Growth
Revenue growth 58.6% 30.4% −1.5% 18.6% 54.1% 36.6% −29.6% −14.8% −5.9% −3.4%
Net income growth 56.8% 43.5% 9.2% −45.0% 358.8% 38.6% −44.7% −94.0% 97.7% 34.2%
EPS growth 38.1% 38.8% 9.3% −47.7% 350.0% 43.0% −47.4% −92.9% 106.8% 33.0%
FCF growth 194.9% −34.2% 69.9% 156.3% −19.2% 62.5% −32.4% −53.2% −9.5% 61.6%
Share count change 13.8% 3.4% −0.3% 5.5% 1.9% −3.2% 7.3% −16.7% −4.1% 0.4%
Financial health
Net debt / EBITDA 1.5x 1.6x 1.2x 1.5x 0.2x 0.4x 0.8x 2.0x 3.2x 2.1x
Debt / equity 0.6x 0.6x 0.4x 0.6x 0.5x 0.4x 0.4x 0.5x 0.5x 0.4x
Interest coverage 7.4x 8.8x 8.7x 3.0x 10.1x 14.1x 14.7x 4.8x 2.2x 3.2x
Current ratio 1.9x 1.8x 2.1x 2.4x 2.6x 2.1x 2.5x 2.4x 2.4x 2.2x
Quick ratio 1.0x 0.9x 1.1x 1.8x 1.8x 1.1x 1.3x 1.4x 1.2x 1.0x
Capital allocation
Capex / revenue 0.9% 1.4% 2.1% 1.4% 1.2% 1.8% 2.4% 1.5% 1.4% 0.9%
Stock comp / revenue 0.2% 0.4% 0.4% 0.3% 0.4% 0.3% 0.3% 0.5% 0.6% 0.6%
Payouts / FCF 17.2% 35.2% 23.5% 6.9% 33.2% 76.2% 41.8% 112.5% 103.5% 28.8%
Quality scores
Piotroski F-score 6.0 4.0 7.0 5.0 6.0 8.0 4.0 4.0 6.0 6.0
Altman Z'' 5.5 5.5 6.2 4.8 6.4 6.4 6.1 5.5 5.6 5.7
Accruals ratio −4.0% 2.0% −2.0% −14.8% 2.4% −0.5% −3.2% −5.4% −4.6% −6.3%

Source: SEC EDGAR XBRL filings (CIK 0000107687). Data updated October 21, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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