YETINYSESporting & Athletic Goods, NECFiscal year ends January 2
YETI Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 13, 2026
$42.12−0.95 (-2.21%)
Close on Oct 19, 2026
- Market cap
- $3.19B
- P/E (TTM)
- 18.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
57.4%−0.2 pts over 5 years
Operating margin
11.4%−8.2 pts over 5 years
Net margin
8.9%−5.4 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 | +2.1% | +5.4% | +11.3% | – | |
| Gross profit | +0.9% | +12.0% | +11.3% | – | |
| Operating income | -13.0% | +19.1% | -0.1% | – | |
| Net income | -5.9% | +22.6% | +1.2% | – | |
| EPS, diluted | -1.0% | +25.4% | +2.8% | – | |
| Free cash flow | -3.4% | +56.8% | -9.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 75.9% | 23.8% | |
| Return on assets | – | 22.8% | 13.1% | |
| Current ratio | – | 1.66 | 1.98 | |
| Debt to equity | – | 0.46 | 0.11 | |
| Net debt to EBITDA | – | -0.49× | -0.43× | |
| Interest coverage | 4.1× | 23.4× | – | |
| Inventory turnover | – | 2.8× | 2.6× | |
| Capex to revenue | 4.3% | 1.4% | 2.3% | |
| Diluted shares | 83M | 88M | 82M |
Where the cash went
Fiscal 2021 to 2025, five years combined
YETI generated $1.05B from operations and spent $835.03M on capital expenditure, dividends and share buybacks. 28% of that went back into the business.
Generated
$1.05B
Used
$835.03M
Capital expenditure$237.22M28%Dividends$00%Share buybacks$597.81M72%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.9%
×Asset turnover1.48×
×Equity multiplier1.81×
=Return on equity, FY202523.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.9% | 1.48× | 1.81× | 23.8% |
| FY2024 | 9.6% | 1.42× | 1.76× | 24.0% |
| FY2023 | 10.2% | 1.40× | 1.90× | 27.2% |
| FY2022 | 5.6% | 1.47× | 2.08× | 17.2% |
| FY2021 | 15.1% | 1.54× | 2.27× | 52.7% |
| FY2020 | 14.3% | 1.60× | 3.33× | 75.9% |
| FY2019 | 5.5% | 1.60× | 7.58× | 66.8% |
| FY2018 | 7.4% | 1.51× | -21.81× | -244.4% |
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$165.39M
- Cash generatingOperating cash flow above zero$254.74M
- Return on assets improvedROA up on the prior year13.5% → 12.9%
- Earnings backed by cashOperating cash flow above net income$254.74M vs $165.39M
- Less leverageLong-term debt to assets fell5.7% → 5.5%
- Better liquidityCurrent ratio rose2.18 → 1.98
- No dilutionShare count did not rise86M → 82M
- Gross margin improvedGross margin up on the prior year58.11% → 57.41%
- More efficientAsset turnover rose1.41 → 1.45