WGONYSEMotor HomesFiscal year ends August 30
WINNEBAGO INDUSTRIES INC
Financials through Q3 FY2026, quarter ended May 30, 2026Last filing: 10-Q on Jun 25, 2026
$22.67−1.33 (-5.54%)
Close on Oct 19, 2026
- Market cap
- $643.83M
- P/E (TTM)
- 16.7
- Dividend yield
- 6.04%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
13.0%−0.2 pts over 5 years
Operating margin
2.0%−2.8 pts over 5 years
Net margin
0.9%−1.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.9% | -17.4% | +3.5% | +11.1% | |
| Gross profit | -15.8% | -26.8% | +3.1% | +13.3% | |
| Operating income | -42.9% | -53.9% | -12.8% | -0.4% | |
| Net income | +97.7% | -59.6% | -16.0% | -4.6% | |
| EPS, diluted | +106.8% | -57.5% | -13.1% | -5.0% | |
| Free cash flow | -9.5% | -34.1% | -17.8% | +12.1% | |
| Dividend per share | +7.9% | +19.1% | +24.9% | +14.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 18.6% | 8.4% | 2.1% | |
| Return on assets | 12.1% | 4.4% | 1.1% | |
| Current ratio | 3.02 | 2.38 | 2.42 | |
| Debt to equity | 0.00 | 0.62 | 0.44 | |
| Net debt to EBITDA | -1.20× | – | 3.11× | |
| Interest coverage | – | 3.0× | 2.2× | |
| Inventory turnover | 7.4× | 10.6× | 5.8× | |
| Capex to revenue | 2.5% | 1.4% | 1.4% | |
| Diluted shares | 27M | 33M | 28M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Winnebago Industries generated $1.21B from operations and spent $894.60M on capital expenditure, dividends and share buybacks. 34% of that went back into the business.
Generated
$1.21B
Used
$894.60M
Capital expenditure$300.50M34%Dividends$148.90M17%Share buybacks$445.20M50%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.9%
×Asset turnover1.23×
×Equity multiplier1.82×
=Return on equity, FY20252.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.9% | 1.23× | 1.82× | 2.1% |
| FY2024 | 0.4% | 1.23× | 1.82× | 1.0% |
| FY2023 | 6.2% | 1.44× | 1.84× | 16.4% |
| FY2022 | 7.9% | 2.21× | 1.93× | 33.7% |
| FY2021 | 7.8% | 1.92× | 2.00× | 29.9% |
| FY2020 | 2.6% | 1.67× | 1.93× | 8.4% |
| FY2019 | 5.6% | 1.84× | 1.85× | 19.2% |
| FY2018 | 5.1% | 2.06× | 2.00× | 21.0% |
| FY2017 | 4.6% | 2.39× | 1.82× | 20.1% |
| FY2016 | 4.7% | 2.59× | 1.54× | 18.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$25.70M
- Cash generatingOperating cash flow above zero$128.90M
- Return on assets improvedROA up on the prior year0.5% → 1.1%
- Earnings backed by cashOperating cash flow above net income$128.90M vs $25.70M
- Less leverageLong-term debt to assets fell26.7% → 25.1%
- Better liquidityCurrent ratio rose2.44 → 2.42
- No dilutionShare count did not rise30M → 28M
- Gross margin improvedGross margin up on the prior year14.58% → 13.05%
- More efficientAsset turnover rose1.22 → 1.17