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Wolverine World Wide

WWW NYSE Footwear Financials FY2016–FY2025

Wolverine World Wide's revenue rose 6.8% to $1.9 billion in fiscal 2025. Its operating margin was 8.0%, up from 5.6% a year earlier. Free cash flow was $126 million, down 21.5%. It paid out $48 million in dividends and buybacks, 38% of free cash flow. The diluted share count rose 2.1%.

Last close · Oct 23, 2026

$20.36

1.5%
Value it Compare
Revenue Total sales reported in the income statement.
$1.9B
6.8% vs prior year
Operating margin Operating income as a share of revenue.
8.0%
2.5 pts
Net income Profit after all expenses, interest and tax.
$95.8M
111.9%
Free cash flow Cash from operations minus capital spending.
$126M
21.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
15.1%
6.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$1.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
15.8x
On $1.29 EPS (TTM)

What Wolverine World Wide does

No business description yet.

Legal name
WOLVERINE WORLD WIDE, INC.
Fiscal year ends
January 3, 2026
Latest annual report
—
Accession · CIK
0001628280-26-012614
0000110471

Revenue and margins

Wolverine World Wide had $1.9B of revenue in fiscal 2025, up 6.8% 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 2016 to 2025, diluted EPS grew 2.8% 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 $126M in fiscal 2025, 6.7% 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

Wolverine World Wide returned $47.8M to shareholders in fiscal 2025, 38% of free cash flow. The diluted share count rose 2.1%.

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

Value Wolverine World Wide 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 −$415M and divides by 81.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 15.8x · peers 16.3x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably Wolverine World Wide can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $162M$132M$179M$152M$206M
Debt incl. finance leases $967M$1.2B$921M$648M$622M
Net debt / EBITDA 4.3x——4.0x2.4x
Debt / equity 1.5x3.6x3.3x2.1x1.5x
Interest coverage 4.5x−4.9x−1.1x2.2x4.5x
Current ratio 1.2x1.1x1.2x1.3x1.4x
Quick ratio 0.7x0.5x0.8x0.8x0.9x
Total assets $2.6B$2.5B$2.1B$1.7B$1.7B
Total liabilities $1.9B$2.1B$1.8B$1.4B$1.3B
Shareholders' equity $630M$321M$279M$313M$408M
Net debt (− = net cash) $805M$1.0B$742M$496M$415M

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

$0.5M

3 insiders

Sold, 12 months

$1.3M

3 insiders

Of sales under plans

93%

$1.2M

DateInsiderTradeSharesPriceValueFiling
Sep 1, 2026 Jeffrey M BoromisaDirector Sold plan 25,000 $19.58 $0.5M Form 4
Jul 13, 2026 Jeffrey M BoromisaDirector Sold plan 25,000 $18.14 $0.5M Form 4
May 21, 2026 Brenda J LauderbackDirector Sold 5,500 $15.88 $0.1M Form 4
Nov 7, 2025 DeMonty PriceDirector Bought 25,000 $15.77 $0.4M Form 4
Nov 7, 2025 Jack BoyleDirector Bought 6,250 $15.77 $0.1M Form 4
Nov 7, 2025 Nicholas T. LongDirector Bought 2,000 $15.88 $0.0M Form 4
Nov 3, 2025 Amy M. KlimekChief Human Resources Officer Sold plan 11,528 $22.32 $0.3M Form 4

Piotroski F-score

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

TestFY23FY24FY25
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 6 / 97 / 97 / 9
Accruals ratio −7.0%−7.2%−2.6%
Altman Z'' 1.782.943.48

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
Wolverine World Wide WWW $1.7B 6.8% 8.0% 6.7% 15.1% 15.8x 7
Steven Madden SHOO $3.1B 11.0% 3.2% 4.7% 6.0% 21.6x 6 Compare →
Crocs CROX $5.9B −1.5% 3.7% 16.3% 2.8% 10.4x 5 Compare →
Deckers Brands DECK $11.2B 9.8% 23.1% 20.1% 160.4% 11.5x 4 Compare →
Yeti YETI $3.2B 2.1% 11.4% 11.4% 32.1% 21.1x 6 Compare →

10 years of figures

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

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.5B $2.4B $2.2B $2.3B $1.8B $2.4B $2.7B $2.2B $1.8B $1.9B
Gross profit $960M $914M $921M $924M $736M $1.0B $1.1B $874M $778M $887M
Operating income $164M $31.6M $252M $171M −$137M $156M −$208M −$66.8M $97.5M $150M
Interest expense $33.7M $31.5M $29.0M $32.4M $41.4M $34.6M $43.0M $63.5M $44.1M $33.5M
Pretax income $111M −$10.6M $227M $146M −$184M $80.3M −$253M −$133M $58.1M $122M
Income tax $23.0M −$9.9M $27.1M $17.0M −$45.5M $13.3M −$63.8M −$94.7M $9.3M $20.5M
Net income $87.7M $0.3M $200M $129M −$137M $68.6M −$188M −$38.5M $45.2M $95.8M
Diluted EPS $0.89 $0.00 $2.05 $1.44 −$1.70 $0.81 −$2.37 −$0.49 $0.55 $1.14
Diluted shares 0.10B 0.10B 0.10B 0.09B 0.08B 0.08B 0.08B 0.08B 0.08B 0.08B
Cash flow
Cash from operations $296M $203M $97.5M $223M $309M $86.8M −$179M $122M $180M $140M
Capital expenditure $55.3M $32.4M $21.7M $34.4M $10.3M $17.6M $36.5M $14.6M $20.2M $14.5M
Free cash flow $241M $170M $75.8M $188M $299M $69.2M −$215M $107M $160M $126M
Depreciation and amortization $43.5M $37.2M $31.5M $32.7M $32.8M $33.2M $34.6M $35.1M $26.2M $25.9M
Stock-based compensation $22.8M $25.4M $31.2M $24.5M $28.9M $38.1M $33.4M $15.2M $19.1M $24.4M
Acquisitions $0.0M $0.0M $0.0M $15.1M $5.5M $417M $0.0M $0.0M $0.0M $0.0M
Share buybacks $52.7M $51.5M $175M $319M $21.0M $39.6M $81.3M $0.0M $0.0M $14.5M
Dividends paid $23.5M $23.0M $28.6M $33.6M $33.6M $33.5M $32.8M $32.6M $32.5M $33.3M
Dividends and buybacks $76.2M $74.5M $203M $353M $54.6M $73.1M $114M $32.6M $32.5M $47.8M
Balance sheet
Cash and short-term investments $370M $481M $143M $181M $347M $162M $132M $179M $152M $206M
Total debt $820M $782M $570M $798M $723M $967M $1.2B $921M $648M $622M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.0B $1.1B $868M $967M $904M $904M $1.3B $1.0B $696M $729M
Current liabilities $334M $362M $473M $787M $406M $760M $1.1B $869M $533M $521M
Inventory $349M $277M $318M $348M $243M $366M $745M $374M $248M $274M
Property and equipment, net $146M $137M $131M $141M $125M $129M $136M $96.3M $89.7M $80.6M
Total assets $2.4B $2.4B $2.2B $2.5B $2.1B $2.6B $2.5B $2.1B $1.7B $1.7B
Total liabilities $1.5B $1.4B $1.2B $1.7B $1.6B $1.9B $2.1B $1.8B $1.4B $1.3B
Shareholders' equity $967M $950M $986M $767M $561M $630M $321M $279M $313M $408M
Margins
Gross margin 38.5% 38.9% 41.1% 40.6% 41.1% 42.7% 39.9% 39.0% 44.3% 47.3%
Operating margin 6.6% 1.3% 11.3% 7.5% −7.7% 6.5% −7.8% −3.0% 5.6% 8.0%
EBITDA margin 8.3% 2.9% 12.7% 9.0% −5.8% 7.8% −6.5% −1.4% 7.1% 9.4%
Net margin 3.5% 0.0% 8.9% 5.7% −7.6% 2.8% −7.0% −1.7% 2.6% 5.1%
FCF margin 9.7% 7.3% 3.4% 8.3% 16.7% 2.9% −8.0% 4.8% 9.1% 6.7%
Returns
Return on capital 8.6% 1.9% 16.6% 10.7% −9.2% 10.8% −11.7% −4.4% 8.8% 15.1%
Return on capital employed 7.8% 1.5% 13.5% 10.1% −8.0% 8.8% −13.0% −5.2% 8.4% 12.9%
Return on equity 9.1% 0.0% 20.7% 14.7% −20.6% 11.5% −39.6% −12.9% 15.3% 26.6%
Return on assets 3.6% 0.0% 8.7% 5.5% −5.9% 2.9% −7.4% −1.7% 2.4% 5.7%
Growth
Revenue growth −7.3% −5.8% −4.7% 1.5% −21.2% 34.8% 11.2% −16.5% −21.8% 6.8%
Net income growth −28.6% −99.7% 66,600.0% −35.8% −206.5% — −374.5% — — 112.0%
EPS growth −25.8% −100.0% — −29.8% −218.1% — −392.6% — — 107.3%
FCF growth 42.5% −29.3% −55.5% 148.3% 58.8% −76.8% −411.3% — 49.2% −21.5%
Share count change −3.8% −0.8% −0.4% −8.2% −7.1% 2.8% −4.3% −0.4% 0.8% 2.1%
Financial health
Net debt / EBITDA 2.2x 4.4x 1.5x 3.0x — 4.3x — — 4.0x 2.4x
Debt / equity 0.9x 0.8x 0.6x 1.0x 1.3x 1.5x 3.6x 3.3x 2.1x 1.5x
Interest coverage 4.9x 1.0x 8.7x 5.3x −3.3x 4.5x −4.9x −1.1x 2.2x 4.5x
Current ratio 3.1x 3.0x 1.8x 1.2x 2.2x 1.2x 1.1x 1.2x 1.3x 1.4x
Quick ratio 2.1x 2.2x 1.2x 0.8x 1.6x 0.7x 0.5x 0.8x 0.8x 0.9x
Capital allocation
Capex / revenue 2.2% 1.4% 1.0% 1.5% 0.6% 0.7% 1.4% 0.7% 1.2% 0.8%
Stock comp / revenue 0.9% 1.1% 1.4% 1.1% 1.6% 1.6% 1.2% 0.7% 1.1% 1.3%
Payouts / FCF 31.6% 43.8% 268.2% 187.5% 18.3% 105.6% — 30.4% 20.3% 38.1%
Quality scores
Piotroski F-score 5.0 6.0 6.0 5.0 6.0 6.0 2.0 6.0 7.0 7.0
Altman Z'' 4.4 4.1 4.6 3.1 3.2 2.5 1.2 1.8 2.9 3.5
Accruals ratio −8.6% −8.4% 4.5% −4.0% −19.3% −0.8% −0.4% −7.0% −7.2% −2.6%

Source: SEC EDGAR XBRL filings (CIK 0000110471). Data updated October 11, 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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