Tearsheet

Winnebago Industries (WGO)

Market Price (12/4/2025): $37.92 | Market Cap: $1.1 Bil
Sector: Consumer Discretionary | Industry: Automobile Manufacturers

Winnebago Industries (WGO)

Market Price (12/4/2025): $37.92
Market Cap: $1.1 Bil
Sector: Consumer Discretionary
Industry: Automobile Manufacturers

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield FCF Yield is 9.6%	Weak multi-year price returns 2Y Excs Rtn is -90%, 3Y Excs Rtn is -104%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17%
1	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, and Luxury Consumer Goods.	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

0	Attractive yield FCF Yield is 9.6%
1	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, and Luxury Consumer Goods.
2	Weak multi-year price returns 2Y Excs Rtn is -90%, 3Y Excs Rtn is -104%
3	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
4	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$37.92	$45.97	$68.71	$48.77
Market Cap CYE ($ Bil)	1.1	1.3	2.0	1.5
Total Debt ($ Bil)	0.6	0.6	0.7	0.6
Total Cash ($ Bil)	0.2	0.2	0.3	0.3
Enterprise Value ($ Bil)	1.5	1.9	2.7	2.1
Valuation Ratios
P/S TTM	0.3	0.5	0.7	0.5
P/EBIT TTM	16.8	24.1	35.8	5.3
P/E TTM	36.7	52.4	163.7	7.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4

	12/4/25	2024
Share Price CYE	$37.92	$45.97
Market Cap CYE ($ Bil)	1.1	1.3
Total Debt ($ Bil)	0.6	0.6
Total Cash ($ Bil)	0.2	0.2
Enterprise Value ($ Bil)	1.5	1.9
Valuation Ratios
P/S TTM	0.3	0.5
P/EBIT TTM	16.8	24.1
P/E TTM	36.7	52.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8
P/EBIT TTM (Sector)	7.6	8.0
P/E TTM (Sector)	10.4	11.1

	WGO	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.8
Rev Chg Q	7.8%	7.1%
Rev Chg LTM	-5.9%	6.1%
Rev Chg 3Y Avg	-16.8%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	2.0%	18.8%
CFO/Rev LTM	4.6%	20.5%
Net Inc Mgn	0.9%	13.1%
VALUATION	MODERATE
P/S	0.3	3.2
P/CFO	7.3	15.8
P/FCF	10.5	20.5
P/E	36.7	23.5
STABILITY	FAIR
Debt/Equity	0.62	0.20
Cash/Assets	0.08	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Towable RV Segment Backlog	$371.7 million	5312025	Link
Motorhome RV Segment Backlog	$291.2 million	5312025	Link
Marine Segment Backlog	$100.7 million	5312025	Link
North American RV Market Share	12.7%	11182022	Link
Class C Motorhomes Market Share	10.7%	12312022	Link
Class B Motorhomes Market Share	37%	12312022	Link
U.S. Aluminum Pontoon Segment Market Share (Barletta)	9.0%	8312025	Link
Dealer Network Size	over 760 locations	8302025	Link
Total Recordable Incident Rate (TRIR)	2.75	8302025	Link
Days Away, Restricted or Transferred (DART) Rate	1	8302025	Link

Upcoming
12/19/2025	Earnings Release	Rev: $628 Mil (E) EPS: $0.12 (E)
3/25/2026	Earnings Release	Rev: - EPS: -

WGO Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

The provided search results contain news and financial information for Winnebago Industries (WGO) within the specified timeframe of August 31, 2025, to December 4, 2025. This includes earnings reports, analyst ratings, and company announcements. There is also a mention of "Winnebago Industries Inc shares had fallen by 5.4% this quarter and lost 33.8% so far this year" in the context of the Q4 2025 earnings report on October 22, 2025. This directly addresses the 5.4% movement. Here are the key points for the stock movement of Winnebago Industries (WGO) from August 31, 2025, to December 4, 2025:

1. Winnebago Industries reported its Fourth Quarter and Full Year Fiscal 2025 results on October 22, 2025. The company announced adjusted earnings of 71 cents per share for the quarter ended August 31, which was higher than the previous year and exceeded analyst expectations of 53 cents per share. Revenue for the quarter rose 7.8% to $777.30 million, also surpassing the anticipated $727.82 million. Despite this positive earnings surprise, the company's shares had fallen by 5.4% during the quarter ending August 31, 2025.

2. Fiscal Year 2025 Performance and Outlook: While the fourth quarter showed strong results, the full fiscal year 2025 experienced a 5.9% decrease in net revenues due to reduced average selling prices and lower unit volumes, partially offset by targeted price increases. Looking ahead, for fiscal year 2026, Winnebago Industries anticipated consolidated net revenues between $2.75 billion and $2.95 billion, with reported earnings per diluted share of $1.25 to $1.95, and adjusted earnings per diluted share of $2 to $2.70.

3. Analyst Ratings and Price Targets: As of early December 2025, analysts held a "Buy" consensus rating for WGO stock. Several firms issued price targets, with a median target of $39.00 and a potential upside of 6.94% from the share price of $36.19 as of November 10, 2026. However, some hedge funds had decreased their positions in WGO in Q3 2025, with one significant move by Millennium Management LLC removing 410,745 shares for an estimated $13.7 million.

4. Dividend Increase and Strategic Leadership Changes: On August 14, 2025, the Winnebago Industries Board of Directors approved a quarterly cash dividend increase. Earlier in August, the company also announced strategic leadership changes aimed at driving future growth.

5. Industry Recognition: On December 3, 2025, Winnebago Industries was named one of America's Most Responsible Companies by Newsweek for the fourth consecutive year, acknowledging its corporate responsibility, sustainability, and social-impact efforts. The company also received recognition on Newsweek's lists for Most Trustworthy Companies in America 2025, America's Greenest Companies 2025, and America's Greatest Workplaces in Manufacturing 2025.

Show less

Stock Movement Drivers

Fundamental Drivers

The 7.2% change in WGO stock from 9/3/2025 to 12/3/2025 was primarily driven by a 4.6% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	35.04	37.55	7.17%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2741.80	2798.20	2.06%
P/S Multiple	0.36	0.37	4.63%
Shares Outstanding (Mil)	28.00	27.90	0.36%
Cumulative Contribution			7.17%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
WGO	7.2%
Market (SPY)	6.2%	11.9%
Sector (XLY)	3.5%	20.8%

Fundamental Drivers

The 9.7% change in WGO stock from 6/4/2025 to 12/3/2025 was primarily driven by a 7.1% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	34.23	37.55	9.70%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2752.70	2798.20	1.65%
P/S Multiple	0.35	0.37	7.15%
Shares Outstanding (Mil)	28.10	27.90	0.71%
Cumulative Contribution			9.69%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
WGO	9.7%
Market (SPY)	15.1%	24.2%
Sector (XLY)	11.5%	38.4%

Fundamental Drivers

The -31.2% change in WGO stock from 12/3/2024 to 12/3/2025 was primarily driven by a -66.4% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	54.61	37.55	-31.23%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2973.50	2798.20	-5.90%
Net Income Margin (%)	0.44%	0.92%	110.08%
P/E Multiple	121.39	40.76	-66.42%
Shares Outstanding (Mil)	28.90	27.90	3.46%
Cumulative Contribution			-31.32%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
WGO	-31.2%
Market (SPY)	14.3%	42.6%
Sector (XLY)	7.4%	50.6%

Fundamental Drivers

The -32.7% change in WGO stock from 12/4/2022 to 12/3/2025 was primarily driven by a -88.3% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	55.80	37.55	-32.70%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4957.60	2798.20	-43.56%
Net Income Margin (%)	7.88%	0.92%	-88.34%
P/E Multiple	4.47	40.76	811.72%
Shares Outstanding (Mil)	31.30	27.90	10.86%
Cumulative Contribution			-33.50%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
WGO	-41.7%
Market (SPY)	53.2%	42.3%
Sector (XLY)	42.3%	50.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
WGO Return	14%	26%	-29%	41%	-33%	-16%	-19%
Peers Return	264%	-3%	-31%	17%	-9%	-13%	124%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
WGO Win Rate	50%	67%	17%	50%	42%	50%
Peers Win Rate	37%	27%	13%	28%	27%	35%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
WGO Max Drawdown	-61%	0%	-41%	-0%	-36%	-39%
Peers Max Drawdown	-24%	-20%	-34%	-18%	-32%	-35%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: THO, WKHS, EMPD, SBLX, TSLA. See WGO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	WGO	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-49.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	97.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-67.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	204.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	78 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-65.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	190.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	414 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-90.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	982.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2832 days	1480 days

Compare to THO, WKHS, EMPD, SBLX, TSLA

In The Past

Winnebago Industries's stock fell -49.4% during the 2022 Inflation Shock from a high on 3/17/2021. A -49.4% loss requires a 97.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Winnebago Industries (WGO)

Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names. The company also offers motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago and Newmar brand names. In addition, it offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters; and boats in the recreational powerboat industry under the Chris-Craft and Barletta brand names. Further, the company is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally. Winnebago Industries, Inc. was incorporated in 1958 and is based in Forest City, Iowa.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies to describe Winnebago Industries (WGO):

Winnebago is like Harley-Davidson for recreational vehicles and boats.
Winnebago is like Ford, but focused on recreational vehicles and boats.
Winnebago is like Polaris for RVs and boats.

AI Generated Analysis | Feedback

Here are the major products of Winnebago Industries:

Motorized RVs: These include a range of self-propelled recreational vehicles, such as Class A, B, and C motorhomes, designed for travel and camping.
Towable RVs: This category comprises recreational vehicles like travel trailers and fifth-wheel products that are designed to be towed by another vehicle.
Marine Products: Winnebago Industries also manufactures recreational boats, including premium performance boats and luxury pontoons.

AI Generated Analysis | Feedback

Winnebago Industries (WGO) Major Customers

Winnebago Industries (WGO) primarily sells its products to other companies. These customers are a broad network of **independent dealers** in the United States, Canada, and select international markets. These dealerships purchase Winnebago's motorhomes, travel trailers, fifth-wheel products, and boats (under brands like Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta) for subsequent resale to individual consumers. According to Winnebago Industries' public filings, no single dealer accounts for 10% or more of their consolidated net revenues. As such, the company does not identify specific "major customers" by name that dominate its sales. Their sales strategy relies on a wide distribution network rather than reliance on a few large entities. Therefore, while their direct customers are indeed other companies (dealerships), there are no individually identifiable public companies listed as major customers by Winnebago itself due to the diversified nature of their dealer network.

AI Generated Analysis | Feedback

Ford Motor Company (F)
Mercedes-Benz Group AG (MBG)
Brunswick Corporation (BC)
Yamaha Motor Co., Ltd. (YAMHF)

AI Generated Analysis | Feedback

Winnebago Industries (WGO) Management Team:

Michael Happe, President, Chief Executive Officer, and Director

Michael Happe joined Winnebago Industries in January 2016 as President, CEO, and a director, and has since led a transformation of the company into an outdoor recreation/lifestyle enterprise. Under his leadership, Winnebago Industries has experienced significant organic and inorganic growth, completing five acquisitions, including Grand Design RV, Chris-Craft, Newmar, Barletta Boats, and Lithionics Battery, and expanding its industry and geographic footprint. Prior to his tenure at Winnebago, Mr. Happe spent 19 years at The Toro Company, a global manufacturer of outdoor maintenance and beautification products, where he held various senior leadership positions across domestic and international divisions, most recently serving as an Executive Officer and Group Vice President of Toro's Residential and Contractor businesses until 2015. He also serves as a director for H.B. Fuller Company.

Bryan Hughes, SVP – Chief Financial Officer, Investor Relations, Information Technology and Business Development

Bryan Hughes has served as Chief Financial Officer of Winnebago Industries since May 15, 2017. Effective September 1, 2025, his role expanded to include Investor Relations, Information Technology, and Business Development, where he will oversee IT and lead the corporate venture capital program. Before joining Winnebago, Mr. Hughes accumulated over 25 years of financial leadership experience, with 20 of those years at Ecolab, Inc., a global leader in water, hygiene, and energy technologies. At Ecolab, he held multiple roles of increasing responsibility, including Senior Vice President and Corporate Controller, and previously served as Vice President of Finance for the company's Global Institutional business. He began his career as a CPA with Ernst & Young.

Jeff Haradine, SVP - Marine; President - Barletta Boats

Effective September 1, 2025, Jeff Haradine took on the role of SVP - Marine and President - Barletta Boats. In this capacity, he continues to lead the day-to-day operations of the Barletta pontoon business as its president and also provides oversight of the Chris-Craft business, working with company leadership to drive growth in the marine segment.

Casey Tubman, Group President – Newmar and Winnebago Motorized

As of September 1, 2025, Casey Tubman became Group President – Newmar and Winnebago Motorized. In this role, he has added responsibility for corporate strategic planning. Chris West, President of Winnebago-brand Motorhomes and Specialty Vehicles, reports to Mr. Tubman and continues to lead the revitalization of the Winnebago-brand motorized business.

Don Clark, Group President – Towable RV Group

Don Clark remains as the Group President for the Towable RV Group, a position established as part of Winnebago Industries' strategic leadership changes effective September 1, 2025.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Winnebago Industries (WGO) operates primarily in the recreational vehicle (RV) and marine product markets. While they also have a "Specialty Vehicles" segment, specific addressable market sizes for this niche are not readily available in the provided information.

Recreational Vehicles (RVs)

Winnebago Industries' main products in this category include motorhomes (Class A, B, and C) and towable RVs (travel trailers and fifth wheels) under brands like Winnebago, Grand Design RV, and Newmar.

Global Market: The global recreational vehicle market size was valued at approximately USD 56.7 billion in 2024 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4% between 2025 and 2034. Other estimates place the global market at USD 61.4 billion in 2024, with a projection to reach USD 108.8 billion by 2033, growing at a CAGR of 6.57%.
North American Market: The North American recreational vehicle market was valued at USD 17.23 billion in 2024 and is anticipated to reach USD 24.60 billion by 2033, with a CAGR of 4.03% during the forecast period from 2025 to 2033. North America held over 57% of the global recreational vehicle market share in 2022.
U.S. Market: The U.S. recreational vehicle market generated a revenue of USD 31,609.7 million in 2022 and is expected to reach USD 83,043.0 million by 2030, growing at a CAGR of 12.8% from 2023 to 2030. The U.S. accounted for 92% of the global recreational vehicle market revenue in 2024.

Marine Products

Winnebago Industries manufactures and markets marine products, including boats under brands such as Chris-Craft and Barletta.

Global Market: The global boats market size was valued at USD 32.47 billion in 2023 and is projected to grow to USD 61.19 billion by 2032, exhibiting a CAGR of 7.5%. Another report indicates the global leisure boat market size was estimated at USD 42.30 billion in 2022 and is projected to reach USD 63.48 billion by 2030, growing at a CAGR of 5.3%.
U.S. Market: Annual U.S. sales of boats, marine products, and services are estimated to total USD 57.7 billion in 2023. The U.S. dominated the marine vessels market, accounting for USD 12.7 billion in 2024. North America's marine vessel market generated USD 20,051.8 million in 2024 and is expected to grow to USD 25,486.9 million by 2033, with a CAGR of 3% from 2025 to 2033.

Specialty Vehicles

null

AI Generated Analysis | Feedback

Expected Drivers of Future Revenue Growth for Winnebago Industries (WGO)

Winnebago Industries (NYSE: WGO) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

Expansion and Innovation of Product Lineup: The company expects revenue growth from the successful launch and ramp-up of the Grand Design Motorhome Lineage lineup, which includes new models such as the Series M Class C, Series F Super C Coach, and Series VT Class B. This initiative aims to boost future revenues and market share in the motorized RV segment. Additionally, Winnebago is focused on a refreshed Winnebago-branded RV lineup and the ongoing rollout of its Grand Design motorized strategy.
Strategic Growth and Innovation in the Towable RV Segment: Winnebago plans to increase market share and drive revenue growth in the competitive towables market through a strategic transformation under new leadership, focusing on innovative pricing and product strategies. This includes introducing affordable and innovative products and expanding into new markets within this segment.
Continued Growth in the Marine Segment: The Marine segment is identified as a primary growth driver, having demonstrated strong results with increased net revenues driven by higher unit volume and targeted price increases. The company anticipates this segment will continue to contribute significantly to revenue.
Targeted Price Increases: Winnebago has implemented targeted price increases across various product categories, which have contributed to revenue growth in recent quarters and are expected to continue supporting top-line expansion.

AI Generated Analysis | Feedback

Share Repurchases

In fiscal 2025, Winnebago Industries conducted $50 million in share repurchases.
A $70.0 million share repurchase program was authorized by the Board of Directors on October 18, 2017, with no time restriction on the authorization.

Share Issuance

In 2020, common stock valued at $92,572 was issued in connection with an acquisition of a business.

Outbound Investments

Winnebago Industries acquired Lithionics Battery in March 2023, a provider of battery management systems for lithium batteries.
The company acquired Barletta Boat Company in July 2020, expanding its marine business.
Investments have continued to support the growth of the Barletta marine business.

Capital Expenditures

The latest available Last Twelve Months (LTM) capital expenditure for Winnebago Industries is $92.8 million.
Capital expenditures have increased by 224% since 2018, peaking in the last twelve months.
The company's capital allocation strategy includes investments to support the growth of businesses such as the Grand Design motorhome and Barletta marine.

Better Bets than Winnebago Industries (WGO)

	WGO	Better Performance than WGO
Metric	Value	INDUSTRY: Automobile Manufacturers
Rev Chg LTM	-5.9%	LCID (45.9%), RIVN (28.2%), F (3.7%), GM (2.6%), TSLA (-1.6%)
Rev Chg 3Y Avg	-16.8%	RIVN (103.0%), LCID (45.2%), TSLA (9.3%), GM (8.6%), F (7.8%)
Op Mgn LTM	2.0%	TSLA (5.1%), GM (4.3%)
CFO/Rev LTM	4.6%	RIVN (18.6%), TSLA (16.5%), GM (12.9%), F (10.8%)
FCF/Rev LTM	3.2%	TSLA (7.1%), F (6.3%)
Total Yield	3.8%	F (13.6%), GM (6.4%)
P/S	0.3	FLYE (0.0), ECDA (0.0), EVTV (0.2), F (0.3), GM (0.3)
P/Op Inc	16.3	GM (7.1), F (13.2)

	WGO	Better Performance than WGO
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	-5.9%	AMZN (10.9%), HD (8.5%), TJX (4.1%), MCD (1.2%), TSLA (-1.6%)
Rev Chg 3Y Avg	-16.8%	AMZN (11.3%), TSLA (9.3%), TJX (5.3%), MCD (4.2%), HD (2.2%)
Op Mgn LTM	2.0%	MCD (46.1%), HD (13.1%), AMZN (11.4%), TJX (11.2%), TSLA (5.1%)
CFO/Rev LTM	4.6%	MCD (39.9%), AMZN (18.1%), TSLA (16.5%), HD (10.8%), TJX (10.2%)
FCF/Rev LTM	3.2%	BKNG (31.9%), MCD (28.1%), HD (8.6%), TSLA (7.1%), TJX (7.0%)
Total Yield	3.8%	LOW (7.6%), HD (6.5%), MCD (6.2%), SBUX (5.1%), TJX (4.9%)
P/S	0.3	LAD (0.2), F (0.3), AN (0.3), GM (0.3), MGA (0.3)
P/Op Inc	16.3	GM (7.1), DHI (8.0), LOW (12.0), F (13.2), ROST (16.0)

	WGO	Better Performance than WGO
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-5.9%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	-16.8%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	2.0%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	4.6%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	3.2%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	3.8%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), GOOGL (4.6%)
P/S	0.3	CAH (0.2), COR (0.2), CVS (0.2), MCK (0.2), CI (0.3)
P/Op Inc	16.3	MRK (9.4), UNH (11.9), XOM (12.4), TMUS (13.9), CAT (15.8)

		Best Bets In Consumer Discretionary Sector
	WGO
What You Pay
P/E	36.3
P/EBIT	16.7
What You Get
Rev Chg Q	7.8%
Rev Chg LTM	-5.9%
Rev Chg 3Y Avg	-16.8%
FCF/Rev 3Y Avg	4.2%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Can Winnebago Industries Stock Hold Up When Markets Turn?	Return
2	WGO Dip Buy Analysis
3	Winnebago Industries Total Shareholder Return (TSR): -37.6% in 2025 and -13.0% 3-yr compounded annual returns (above peer average)
4	Winnebago Industries (WGO) Operating Cash Flow Comparison	Financials
5	Winnebago Industries (WGO) Net Income Comparison	Financials
6	Winnebago Industries (WGO) Operating Income Comparison	Financials
7	Winnebago Industries (WGO) Revenue Comparison	Financials
8	Winnebago Industries vs. S&P500 Correlation	Correlation
9	Winnebago Industries Price Volatility	Volatility
10	Fundamental Metrics: ...

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to WGO. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Winnebago Industries

Peers to compare with:

Financials

	WGO	THO	WKHS	EMPD	SBLX	TSLA	Median
Name	Winnebag.	Thor Ind.	Workhorse	Empery D.	StableX .	Tesla
Mkt Price	37.55	99.76	0.90	4.96	3.11	446.74	21.25
Mkt Cap	1.0	5.3	0.0	-	-	1,441.6	3.2
Rev LTM	2,798	9,579	11	4	0	95,633	1,404
Op Inc LTM	57	299	-57	-24	-18	4,868	20
FCF LTM	90	455	-32	-15	-13	6,834	38
FCF 3Y Avg	133	545	-86	-23	-21	4,719	56
CFO LTM	129	578	-32	-15	-13	15,748	58
CFO 3Y Avg	189	702	-74	-23	-19	14,130	85

Growth & Margins

	WGO	THO	WKHS	EMPD	SBLX	TSLA	Median
Name	Winnebag.	Thor Ind.	Workhorse	Empery D.	StableX .	Tesla
Rev Chg LTM	-5.9%	-4.6%	11.7%	-1.2%	-87.2%	-1.6%	-3.1%
Rev Chg 3Y Avg	-16.8%	-15.4%	173.3%	-0.7%	-53.0%	9.3%	-8.0%
Rev Chg Q	7.8%	-0.4%	573.0%	-25.3%	-100.0%	11.6%	3.7%
QoQ Delta Rev Chg LTM	2.1%	-0.1%	81.6%	-6.4%	-71.2%	3.1%	1.0%
Op Mgn LTM	2.0%	3.1%	-530.0%	-674.5%	-27,779.9%	5.1%	-264.0%
Op Mgn 3Y Avg	5.0%	4.2%	-954.3%	-795.9%	-11,400.6%	8.3%	-395.9%
QoQ Delta Op Mgn LTM	0.2%	-0.3%	534.5%	1.4%	-18,327.3%	-1.1%	-0.0%
CFO/Rev LTM	4.6%	6.0%	-293.7%	-430.4%	-20,878.1%	16.5%	-144.5%
CFO/Rev 3Y Avg	6.0%	6.8%	-726.3%	-722.0%	-8,917.3%	14.7%	-358.0%
FCF/Rev LTM	3.2%	4.7%	-296.7%	-437.8%	-20,935.3%	7.1%	-146.7%
FCF/Rev 3Y Avg	4.2%	5.2%	-838.6%	-740.5%	-9,100.6%	4.9%	-368.2%

Valuation

	WGO	THO	WKHS	EMPD	SBLX	TSLA	Median
Name	Winnebag.	Thor Ind.	Workhorse	Empery D.	StableX .	Tesla
Mkt Cap	1.0	5.3	0.0	-	-	1,441.6	3.2
P/S	0.3	0.5	0.9	-	-	15.0	0.7
P/EBIT	16.7	13.6	-0.2	-	-	205.9	15.2
P/E	36.3	18.2	-0.1	-	-	282.6	27.2
P/CFO	7.2	8.1	-0.3	-	-	91.1	7.7
Total Yield	3.8%	5.5%	-841.8%	-	-	0.4%	2.1%
Dividend Yield	1.0%	0.0%	0.0%	-	-	0.0%	0.0%
FCF Yield 3Y Avg	9.1%	10.6%	-1,832.2%	-	-	0.5%	4.8%
D/E	0.6	0.2	4.6	-	-	0.0	0.4
Net D/E	0.4	0.1	4.4	-	-	-0.0	0.3

Returns

	WGO	THO	WKHS	EMPD	SBLX	TSLA	Median
Name	Winnebag.	Thor Ind.	Workhorse	Empery D.	StableX .	Tesla
1M Rtn	1.7%	-4.4%	-3.0%	-27.7%	-26.3%	-4.6%	-4.5%
3M Rtn	7.2%	-7.8%	-30.8%	-30.6%	-41.1%	33.7%	-19.2%
6M Rtn	9.7%	17.3%	-2.0%	-	-	34.5%	13.5%
12M Rtn	-31.2%	-5.9%	-92.9%	-	-	27.1%	-18.6%
3Y Rtn	-32.7%	17.5%	-99.9%	-	-	129.3%	-7.6%
1M Excs Rtn	1.7%	-4.3%	-3.0%	-27.7%	-26.3%	-4.6%	-4.5%
3M Excs Rtn	-1.4%	-15.6%	-32.8%	-33.0%	-39.2%	26.6%	-24.2%
6M Excs Rtn	-5.0%	2.6%	-16.7%	-	-	19.8%	-1.2%
12M Excs Rtn	-46.9%	-22.1%	-106.9%	-	-	15.9%	-34.5%
3Y Excs Rtn	-104.1%	-48.7%	-172.6%	-	-	71.4%	-76.4%

Comparison Analyses

	Title
0	With 18% Gains On The Table, WGO May Outshine THO
1	Winnebago Industries vs. Autodesk: With Return Forecast Of 63%, Winnebago Industries Is A Better Bet
2	Winnebago Industries vs. ResMed: With Return Forecast Of 63%, Winnebago Industries Is A Better Bet
3	Winnebago Industries vs. Paychex: With Return Forecast Of 63%, Winnebago Industries Is A Better Bet
4	Winnebago Industries vs. Nu Skin Enterprises: Similar Market Cap, But Winnebago Industries Is A Better Bet
5	Winnebago Industries vs. Schneider National: Similar Market Cap, But Winnebago Industries Is A Better Bet
6	Winnebago Industries vs. Innospec: Similar Market Cap, But Winnebago Industries Is A Better Bet
7	Winnebago Industries vs Wolverine World Wide: Similar Market Cap; Which Stock Is A Better Bet?
8	Winnebago Industries vs Stitch Fix: Similar Market Cap; Which Stock Is A Better Bet?
9	Winnebago Industries vs Trinity Industries: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 8/30	LTM	2025	2024	2023	2022	2021	2020
Period End	8/30/2025	8/30/2025	8/31/2024	8/26/2023	8/27/2022	8/28/2021	8/29/2020
Filing Date	10/22/2025	10/22/2025	10/23/2024	10/18/2023	10/19/2022	10/20/2021	10/21/2020
Key Financials
Total Revenue	2,798	2,798	2,974	3,491	4,958	3,630	2,356
EBITDA	117	117	118	347	610	440	153
Operating Income	57	57	130	301	584	407	114
Net Income	26	26	13	216	391	282	61
EPS	0.92	0.91	0.44	7.12	12.03	8.41	1.85
Growth Rates
Total Revenue Growth	-5.9%	-5.9%	-14.8%	-29.6%	36.6%	54.1%	18.6%
EBITDA Growth	-1.3%	-1.3%	-65.9%	-43.1%	38.4%	188.2%	-15.2%
Operating Income Growth	-56.2%	-56.2%	-56.6%	-48.5%	43.2%	258.1%	-26.7%
Net Income Growth	97.7%	97.7%	-94.0%	-44.7%	38.6%	358.8%	-45.0%
Margins
EBITDA Margin	4.2%	4.2%	4.0%	9.9%	12.3%	12.1%	6.5%
Operating Income Margin	2.0%	2.0%	4.4%	8.6%	11.8%	11.2%	4.8%
Net Income Margin	0.9%	0.9%	0.4%	6.2%	7.9%	7.8%	2.6%
Cash & Debt
Total Cash	174	174	331	310	282	435	293
Total Debt	580	580	742	634	586	555	540
Net Debt / (Cash)	406	406	411	324	304	121	247
Cash Flows
Net Cash from Operations	129	129	144	294	401	237	270
Free Cash from Operations	90	90	99	211	313	192	238
Returns to Shareholders
Dividends	39	39	37	33	24	16	15
Share Repurchases	54	54	74	55	214	48	2

$ Mil \| FY: 8/30	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	8/30/2025	5/31/2025	3/1/2025	11/30/2024	8/31/2024	5/25/2024	2/24/2024	11/25/2023	8/26/2023	5/27/2023	2/25/2023	11/26/2022
Filing Date	10/22/2025	6/25/2025	3/27/2025	12/20/2024	10/23/2024	6/20/2024	3/21/2024	12/20/2023	10/18/2023	6/21/2023	3/22/2023	12/16/2022
Key Financials Quarterly
Total Revenue	777	775	620	626	721	786	704	763	771	901	867	952
Ebitda	35	46	21	14	-4	56	14	52	73	92	86	96
Operating Income	20	30	8	-1	12	44	35	39	58	80	77	86
Net Income	14	18	-0	-5	-29	29	-13	26	44	59	53	60
EPS	0.49	0.63	-0.02	-0.18	-1.01	0.99	-0.43	0.87	1.46	1.95	1.73	1.98
Key Financials TTM
Total Revenue TTM	2,798	2,742	2,753	2,836	2,974	3,024	3,138	3,302	3,491	3,899	4,456	4,754
Ebitda TTM	117	78	88	80	118	195	231	303	347	407	494	552
Operating Income TTM	57	50	63	90	130	176	212	254	301	367	463	523
Net Income TTM	26	-17	-6	-18	13	86	116	182	216	255	313	351
Growth Rates Quarterly
Total Revenue Growth	7.8%	-1.4%	-11.9%	-18.0%	-6.5%	-12.7%	-18.8%	-19.9%	-34.6%	-38.2%	-25.6%	-17.6%
EBITDA Growth	1023.7%	-18.1%	54.0%	-72.4%	-105.2%	-39.5%	-83.7%	-45.6%	-45.3%	-48.5%	-40.5%	-37.4%
Operating Income Growth	60.8%	-30.6%	-78.0%	-102.3%	-78.3%	-46.0%	-53.9%	-54.5%	-53.5%	-54.4%	-43.9%	-41.3%
Net Income Growth	147.1%	-39.3%	96.9%	-120.2%	-166.4%	-50.9%	-124.1%	-57.1%	-47.0%	-49.6%	-42.1%	-39.6%
Margins Quarterly
EBITDA Margin	4.5%	5.9%	3.5%	2.3%	-0.5%	7.1%	2.0%	6.8%	9.4%	10.2%	9.9%	10.1%
Operating Income Margin	2.6%	3.9%	1.3%	-0.1%	1.7%	5.5%	5.0%	5.1%	7.5%	8.9%	8.9%	9.0%
Net Income Margin	1.8%	2.3%	-0.1%	-0.8%	-4.0%	3.7%	-1.8%	3.4%	5.7%	6.6%	6.1%	6.3%
Cash & Debt
Total Cash	174	10	116	262	331	318	266	220	310	226	229	272
Total Debt	580	581	642	742	742	743	734	634	634	633	633	630
Net Debt / (Cash)	406	570	526	479	411	425	468	414	324	408	403	358
Cash Flows Quarterly
FCF from Operations	181	-25	-10	-17	41	99	25	-21	138	140	-13	30
Cash Flows TTM
FCF from Operations TTM	129	-12	113	149	144	241	282	243	294	312	371	374
Returns to Shareholders Quarterly
Dividends	10	10	10	10	9	9	9	10	8	8	8	8
Share Repurchases	0	-0	20	34	10	20	-0	44	30	20	0	4
Return on Invested Capital (ROIC) Quarterly
ROIC	19.8%	15.6%	5.9%	-0.6%	12.2%	33.5%	30.2%	28.3%	56.8%	62.2%	57.7%	72.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	12.0%	8.7%	12.0%	18.9%	10.8%	29.8%	33.2%	47.6%	71.7%	68.5%	86.7%	110.4%

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Motorhome recreation vehicles (RV)	788	802	823	728	600
Towable recreation vehicles (RV)	719	751	875	790	718
Corporate / All Other	499	452	302	441	395
Marine	378	427	416	103
Total	2,384	2,432	2,417	2,063	1,714

Price Behavior

Price Behavior

Market Price	$37.55
Market Cap ($ Bil)	1.0
First Trading Date	11/01/1984
Distance from 52W High	-32.5%
	50 Days	200 Days
DMA Price	$34.68	$33.53
DMA Trend	down	up
Distance from DMA	8.3%	12.0%
	3M	1YR
Volatility	72.4%	57.6%
Downside Capture	-68.87	111.02
Upside Capture	-17.05	59.61
Correlation (SPY)	12.6%	42.7%

WGO Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.21	0.67	0.80	1.38	1.25	1.26
Up Beta	0.91	2.29	2.83	3.04	1.66	1.53
Down Beta	1.30	3.33	2.31	1.99	1.25	1.19
Up Capture	92%	-28%	-20%	57%	42%	80%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	8	21	30	61	116	362
Down Capture	141%	-111%	-46%	68%	108%	106%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	21	33	65	133	389

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of WGO With Other Asset Classes (Last 1Y)
	WGO	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-33.2%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	57.3%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.50	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		50.5%	42.6%	-6.0%	17.6%	48.3%	22.6%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of WGO With Other Asset Classes (Last 5Y)
	WGO	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-4.7%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	45.0%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.04	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		50.4%	45.9%	0.7%	7.1%	41.0%	19.1%

Based On 10-Year Data

		Comparison of WGO With Other Asset Classes (Last 10Y)
	WGO	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.5%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	48.6%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.34	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		50.5%	48.2%	-1.1%	17.4%	41.5%	14.0%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,094,076
Short Interest: % Change Since 10312025	-1.7%
Average Daily Volume	407,645
Days-to-Cover Short Interest	7.59
Basic Shares Quantity	27,900,000
Short % of Basic Shares	11.1%

Returns Analyses

	Title
0	Can Winnebago Industries Stock Hold Up When Markets Turn?
1	Winnebago Industries Stock Return Comparison
2	Winnebago Industries (WGO) Stock Return: AI Predicts WGO Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
8312025	10222025	10-K 8/30/2025
5312025	6252025	10-Q 5/31/2025
2282025	3272025	10-Q 3/1/2025
11302024	12202024	10-Q 11/30/2024
8312024	10232024	10-K 8/31/2024
5312024	6202024	10-Q 5/25/2024
2292024	3212024	10-Q 2/24/2024
11302023	12202023	10-Q 11/25/2023
8312023	10182023	10-K 8/26/2023
5312023	6212023	10-Q 5/27/2023
2282023	3222023	10-Q 2/25/2023
11302022	12162022	10-Q 11/26/2022
8312022	10192022	10-K 8/27/2022
5312022	6222022	10-Q 5/28/2022
2282022	3232022	10-Q 2/26/2022
11302021	12172021	10-Q 11/27/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Winnebago Industries (WGO)

Market Price (12/4/2025): $37.92 | Market Cap: $1.1 BilSector: Consumer Discretionary | Industry: Automobile Manufacturers

Winnebago Industries (WGO)

Market Price (12/4/2025): $37.92Market Cap: $1.1 BilSector: Consumer DiscretionaryIndustry: Automobile Manufacturers

Valuation, Metrics & Events

WGO Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Winnebago Industries (WGO)

Winnebago Industries (WGO) Major Customers

Recreational Vehicles (RVs)

Marine Products

Specialty Vehicles

Expected Drivers of Future Revenue Growth for Winnebago Industries (WGO)

Interactive Breakdown

Better Bets than Winnebago Industries (WGO)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Winnebago Industries

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $37.92 | Market Cap: $1.1 Bil
Sector: Consumer Discretionary | Industry: Automobile Manufacturers

Market Price (12/4/2025): $37.92
Market Cap: $1.1 Bil
Sector: Consumer Discretionary
Industry: Automobile Manufacturers