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Yeti

YETI NYSE Leisure Products Financials FY2016–FY2025

Yeti's revenue rose 2.1% to $1.9 billion in fiscal 2025. Its operating margin was 11.4%, down from 13.4% a year earlier. Free cash flow was $212 million, down 3.4%. It paid out $298 million in dividends and buybacks, 140% of free cash flow. The diluted share count fell 4.8%.

Last close · Oct 23, 2026

$42.79

2.8%
Value it Compare
Revenue Total sales reported in the income statement.
$1.9B
2.1% vs prior year
Operating margin Operating income as a share of revenue.
11.4%
2.0 pts
Net income Profit after all expenses, interest and tax.
$165M
5.9%
Free cash flow Cash from operations minus capital spending.
$212M
3.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
32.1%
12.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$3.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
21.1x

What Yeti does

No business description yet.

Legal name
YETI Holdings, Inc.
Fiscal year ends
January 3, 2026
Latest annual report
—
Accession · CIK
0001670592-26-000013
0001670592

Revenue and margins

Yeti had $1.9B of revenue in fiscal 2025, up 2.1% 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 14.9% 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 $212M in fiscal 2025, 11.4% 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

Yeti returned $298M to shareholders in fiscal 2025, 140% of free cash flow. The diluted share count fell 4.9%.

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

Value Yeti 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 $113M and divides by 81.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 21.1x · peers 22.1x · sector 17.7x.

Balance sheet

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

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $312M$235M$439M$359M$188M
Debt incl. finance leases $122M$97.3M$88.1M$81.5M$75.0M
Net debt / EBITDA −0.6x−0.8x−1.3x−0.9x−0.4x
Debt / equity 0.2x0.2x0.1x0.1x0.1x
Interest coverage 82.3x28.3x239.3x42.3x45.0x
Current ratio 1.9x1.8x2.3x2.2x2.0x
Quick ratio 1.1x0.9x1.5x1.4x1.1x
Total assets $1.1B$1.1B$1.3B$1.3B$1.2B
Total liabilities $579M$550M$574M$546M$585M
Shareholders' equity $518M$527M$724M$740M$650M
Net debt (− = net cash) −$190M−$137M−$351M−$277M−$113M

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

$0.4M

1 insider

Of sales under plans

100%

$0.4M

DateInsiderTradeSharesPriceValueFiling
Dec 11, 2025 Bryan C. BarksdaleSVP, CLO and Secretary Sold plan 9,756 $45.32 $0.4M 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 8 / 96 / 96 / 9
Accruals ratio −9.8%−6.6%−7.1%
Altman Z'' 6.206.546.12

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
Yeti YETI $3.2B 2.1% 11.4% 11.4% 32.1% 21.1x 6
Callaway Golf CALY $2.7B −0.9% 6.2% 14.7% 2.1% — 5 Compare →
Peloton Interactive PTON $2.3B −1.8% 6.6% 15.4% — 38.4x 8 Compare →
Acushnet GOLF $4.9B 4.1% 11.7% 4.7% 14.7% 22.1x 6 Compare →
Mattel MAT $4.7B −0.6% 10.2% 9.0% 13.5% 12.1x 5 Compare →

10 years of figures

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

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $819M $639M $779M $914M $1.1B $1.4B $1.6B $1.7B $1.8B $1.9B
Gross profit $414M $295M $383M $475M $629M $816M $763M $943M $1.1B $1.1B
Research and development $29.5M $8.8M $10.8M $20.5M $11.2M $13.7M $15.4M $15.5M $21.1M $25.2M
Operating income $88.2M $64.0M $102M $89.8M $214M $275M $126M $226M $245M $214M
Interest expense $21.7M $32.6M $31.3M $21.8M $9.2M $3.3M $4.5M $0.9M $5.8M $4.7M
Pretax income $65.3M $32.1M $69.6M $67.3M $205M $268M $116M $226M $233M $220M
Income tax $16.5M $16.7M $11.9M $16.8M $49.4M $55.8M $26.5M $56.1M $57.2M $54.9M
Net income $48.0M $15.4M $57.8M $50.4M $156M $213M $89.7M $170M $176M $165M
Diluted EPS $0.58 $0.19 $0.69 $0.58 $1.77 $2.40 $1.03 $1.94 $2.05 $2.03
Diluted shares 0.08B 0.08B 0.08B 0.09B 0.09B 0.09B 0.09B 0.09B 0.09B 0.08B
Cash flow
Cash from operations $28.9M $148M $176M $86.9M $366M $147M $101M $286M $261M $255M
Capital expenditure $35.6M $42.2M $20.9M $32.1M $15.6M $56.1M $45.9M $50.7M $41.8M $42.7M
Free cash flow −$6.7M $106M $155M $54.8M $351M $90.4M $55.0M $235M $220M $212M
Depreciation and amortization $11.7M $20.8M $24.8M $29.0M $30.5M $32.1M $39.8M $46.4M $48.1M $54.2M
Stock-based compensation $118M $13.4M $13.2M $52.3M $9.0M $15.5M $17.8M $29.8M $40.7M $47.7M
Acquisitions $0.0M $2.9M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $36.2M $0.0M
Share buybacks $0.0M $0.0M $2.0M $0.0M $0.0M $0.0M $100M $0.0M $200M $298M
Dividends paid $454M $2.8M $2.5M $0.6M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $454M $2.8M $4.5M $0.6M $0.0M $0.0M $100M $0.0M $200M $298M
Balance sheet
Cash and short-term investments $21.3M $53.6M $80.1M $72.5M $253M $312M $235M $439M $359M $188M
Total debt — $485M $333M $300M $135M $113M $90.0M $82.3M $78.0M $73.8M
Finance lease liabilities $0.0M $0.0M $0.0M $1.1M $0.9M $9.4M $7.3M $5.8M $3.4M $1.2M
Current assets — $303M $297M $361M $477M $770M $719M $914M $827M $660M
Current liabilities — $152M $187M $170M $288M $404M $409M $398M $380M $334M
Inventory $0.0M $175M $145M $186M $140M $319M $371M $337M $310M $291M
Property and equipment, net — $73.8M $74.1M — $78.1M $119M $125M $131M $126M $142M
Total assets — $516M $514M $630M $737M $1.1B $1.1B $1.3B $1.3B $1.2B
Total liabilities — $593M $485M $508M $449M $579M $550M $574M $546M $585M
Shareholders' equity −$95.1M −$76.2M $29.0M $122M $288M $518M $527M $724M $740M $650M
Margins
Gross margin 50.6% 46.1% 49.2% 52.0% 57.6% 57.8% 47.9% 56.9% 58.1% 57.4%
Operating margin 10.8% 10.0% 13.1% 9.8% 19.6% 19.5% 7.9% 13.6% 13.4% 11.4%
EBITDA margin 12.2% 13.3% 16.3% 13.0% 22.4% 21.8% 10.4% 16.4% 16.0% 14.3%
Net margin 5.9% 2.4% 7.4% 5.5% 14.3% 15.1% 5.6% 10.2% 9.6% 8.9%
FCF margin −0.8% 16.5% 19.9% 6.0% 32.1% 6.4% 3.5% 14.2% 12.0% 11.4%
Returns
Return on capital — — 26.6% 21.3% 62.4% 87.4% 27.2% 44.5% 44.3% 32.1%
Return on capital employed — — 29.6% 22.8% 47.2% 48.2% 18.6% 28.8% 27.2% 23.6%
Return on equity — — — 66.8% 75.9% 52.7% 17.2% 27.2% 24.0% 23.8%
Return on assets — — 11.2% 8.8% 22.8% 23.2% 8.3% 14.3% 13.6% 13.1%
Growth
Revenue growth — −21.9% 21.8% 17.3% 19.5% 29.2% 13.1% 4.0% 10.3% 2.1%
Net income growth — −67.9% 275.1% −12.7% 208.9% 36.5% −57.8% 89.4% 3.4% −5.9%
EPS growth — −67.2% 263.2% −15.9% 205.2% 35.6% −57.1% 88.4% 5.7% −1.0%
FCF growth — — 47.0% −64.7% 540.1% −74.2% −39.2% 328.0% −6.7% −3.4%
Share count change — 0.3% 0.7% 3.4% 1.7% 0.9% −1.7% 0.2% −1.9% −4.9%
Financial health
Net debt / EBITDA — 5.1x 2.0x 1.9x −0.5x −0.6x −0.8x −1.3x −0.9x −0.4x
Debt / equity — — 11.5x 2.5x 0.5x 0.2x 0.2x 0.1x 0.1x 0.1x
Interest coverage 4.1x 2.0x 3.3x 4.1x 23.4x 82.3x 28.3x 239.3x 42.3x 45.0x
Current ratio — 2.0x 1.6x 2.1x 1.7x 1.9x 1.8x 2.3x 2.2x 2.0x
Quick ratio — 0.8x 0.8x 1.0x 1.2x 1.1x 0.9x 1.5x 1.4x 1.1x
Capital allocation
Capex / revenue 4.4% 6.6% 2.7% 3.5% 1.4% 4.0% 2.9% 3.1% 2.3% 2.3%
Stock comp / revenue 14.5% 2.1% 1.7% 5.7% 0.8% 1.1% 1.1% 1.8% 2.2% 2.6%
Payouts / FCF — 2.7% 2.9% 1.2% 0.0% 0.0% 182.0% 0.0% 91.1% 140.4%
Quality scores
Piotroski F-score — — — 7.0 6.0 7.0 5.0 8.0 6.0 6.0
Altman Z'' — 0.8 1.3 2.2 4.2 5.4 4.5 6.2 6.5 6.1
Accruals ratio — — −23.0% −6.4% −30.8% 7.2% −1.0% −9.8% −6.6% −7.1%

Source: SEC EDGAR XBRL filings (CIK 0001670592). Data updated October 9, 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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