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Winnebago Industries, Inc.

WGO Consumer Cyclical Recreational Vehicles

Winnebago Industries, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $2.7 billion, down 3.37% from fiscal 2025.

Revenue
−17.0%
EPS
−30.6%
Free cash flow
+155.7%
Total debt
−18.0%

Quarter to August 2026, against a year earlier

32.23 1.62 +5.29%
Market cap
$871.7M
P/E
26.6×
Fwd P/E
20.4×
Dividend yield
4.37%
F-score
7/9
Altman Z
3.35
Beneish M
−2.94
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.51
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 3 — — —
Insider Ownership 4.15%

Capital & Financial Ratios $m

Size
Market Cap 871.66
Revenue ttm 2,703.90
Net income ttm 34.50
Free cash flow ttm 150.20
Net debt Q 261.90
Valuation
P/E 26.64
Forward P/E 20.40
Price / sales 0.34
Forward P/S Powerpack
Price / FCF 6.05
Price / book 0.74
Financial health
Current ratio Q 2.17 (at or above 1.5: strong)
Debt / equity Q 0.36 (at or below 0.5: strong)
Interest coverage Q 3.83
Growth
Revenue growth Q −17.01% (below 0%: shrinking)
Operating income growth Q −12.44% (below 0%: shrinking)
EPS, this year +10.74%
EPS, next year A +24.07% (at or above 15%: strong)
Revenue, next year A −2.94% (below 0%: weak)
EPS, past 5 yrs −31.93% (below 0%: weak)
EPS, next 5 yrs A +19.82% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.7×; over the ten years it ranged from 0.4× in 2022 to 1.2× in 2016.
P/E against its own 10 years 88.10%
10-year low 10-year high
P/S against its own 10 years 10.13%
10-year low 10-year high
P/B against its own 10 years 6.72%
10-year low 10-year high
EV/Sales against its own 10 years 9.40%
10-year low 10-year high
EV/FCF against its own 10 years 13.64%
10-year low 10-year high

Dividends raised 8 years running

Yield
4.37%
Annual rate
1.41
Payout ratio
116.5%
Growth, 2017–26
+15.0%/yr
  1. 0.40 ’17
  2. 0.40 ’18 +0%
  3. 0.44 ’19 +10%
  4. 0.45 ’20 +2%
  5. 0.54 ’21 +20%
  6. 0.81 ’22 +50%
  7. 1.12 ’23 +38%
  8. 1.27 ’24 +13%
  9. 1.37 ’25 +8%
  10. 1.41 ’26 +3%
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 310 331 174 181
Receivables 179 184 192 154
Inventory 471 439 396 405
Other — — — —
997 989 792 778
2023 2024 2025 2026
Payables 147 145 129 174
ST’ Debt 7 59 — —
Other 49 21 23 23
396 405 327 359

Compound Annual Growth %

10y 5y 3y
Sales 10.74% (5.72%) (8.16%)
Cash Flow 12.33% (6.60%) (16.95%)
Earnings (2.73%) (34.30%) (45.73%)
Book Value 16.51% 3.19% (3.31%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 0.50 Actual 0.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 0.12 0.38 Beat by 0.26
Q2 FY26 0.25 0.27 Beat by 0.02
Q3 FY26 0.82 0.66 Miss by 0.16
Q4 FY26 0.50 0.49 Miss by 0.01
Q1 FY27 0.34 — Reports 18 December 2026

EPS $

Nov Feb May Aug Year
’26 — — — — —
’26 0.19 0.17 0.51 0.34 1.21
’25 (0.18) (0.01) 0.62 0.49 0.91
’24 0.78 (0.43) 0.96 (1.01) 0.44
’23 1.73 1.52 1.71 1.28 6.23
’22 2.90 2.69 3.57 2.61 11.84
’21 1.70 2.04 2.05 2.45 8.28
Fiscal quarters ending in the months shown.

Revenue $m

Nov Feb May Aug Year
’26 — — — — —
’26 703 657 699 645 2,704
’25 626 620 775 777 2,798
’24 763 704 786 721 2,974
’23 952 867 901 771 3,491
’22 1,156 1,165 1,458 1,179 4,958
’21 793 840 961 1,036 3,630
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 25 (25) 26 143 169
’25 (17) (10) (25) 181 129
’24 (21) 25 99 41 144
’23 30 (13) 140 138 295
’22 57 (10) 199 155 401
’21 (3) 70 81 89 237
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 20 (25) 20 135 150
’25 (27) (17) (36) 171 92
’24 (33) 14 89 30 99
’23 2 (35) 121 123 212
’22 33 (31) 179 131 313
’21 (4) 63 77 68 205
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to August

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,547 2,017 1,986 2,356 3,630 4,958 3,491 2,974 2,798 2,704 +6.4% 2,704 2,844 2,860 +1.9%
Gross margin, % 14.39 14.87 15.47 13.28 17.92 18.74 16.79 14.58 13.05 12.95 (1.4) pt
EBT 109 143 139 77 368 515 279 38 30 44 (9.5%)
EBT margin, % 7.02 7.07 7.00 3.28 10.12 10.38 8.00 1.29 1.08 1.64 (5.4) pt
Net income 71 102 112 61 282 391 216 13 26 35 (7.8%)
Per share, $
Per share, $ Revenue 50.48 63.83 62.97 70.87 108.35 152.54 115.20 101.83 99.23 95.88 +7.4%
Earnings 2.33 3.24 3.55 1.85 8.41 12.03 7.12 0.44 0.91 1.22 (6.9%)
Cash flow 3.17 2.64 4.24 8.14 7.08 12.33 9.72 4.93 4.57 5.98 +7.3%
Capex (0.45) (0.90) (1.29) (0.97) (0.97) (2.70) (2.73) (1.53) (1.32) (0.66) +4.3%
Free cash flow 2.72 1.74 2.95 7.16 6.12 9.62 6.99 3.40 3.25 5.33 +7.8%
Book value 14.41 16.92 20.05 24.90 31.55 38.86 45.15 43.61 43.43 43.85 +13.2%
Shares, m 31 32 32 33 34 33 30 29 28 28 (0.9%)
Valuation, ×
Valuation, × P/E 15.72 11.40 8.70 29.34 8.28 4.79 9.11 138.79 37.92 24.87 28.9
P/S 0.72 0.58 0.49 0.76 0.64 0.38 0.56 0.57 0.35 0.31 0.5
P/B 2.51 2.18 1.54 2.17 2.21 1.48 1.44 1.34 0.81 0.69 1.6
EV/Sales 0.87 0.72 0.60 0.86 0.67 0.43 0.65 0.70 0.51 0.43 0.6
EV/FCF 16.15 26.52 12.77 8.47 11.86 6.84 10.65 20.82 15.44 7.79 13.7
Cash, $m
Cash, $m Operating cash flow 97 83 134 270 237 401 295 144 129 169 +6.3%
Capex (14) (28) (41) (32) (32) (88) (83) (45) (37) (18) +3.3%
Free cash flow 83 55 93 238 205 313 212 99 92 150 +6.8%
Balance, $m
Balance, $m Working capital 147 168 213 413 652 572 601 584 465 419 +12.3%
Net debt 239 289 217 223 97 270 290 365 367 262 +1.0%
Shareholders’ equity 442 534 632 827 1,057 1,263 1,368 1,273 1,225 1,237 +12.1%
Returns, %
Returns, % ROA 11.03 10.47 10.37 4.36 14.93 17.44 8.90 0.54 1.13 1.62 (9.4) pt
ROIC 11.49 12.17 11.43 6.77 22.07 23.79 11.34 3.82 2.25 2.76 (8.7) pt
ROE 20.09 20.97 19.17 8.42 29.92 33.67 16.41 0.98 2.06 2.80 (17.3) pt
People
People Employees 4,060 4,700 4,500 5,505 6,532 7,445 6,250 5,700 5,300 5,000 +2.3%
Revenue/emp, $m 0.38 0.43 0.44 0.43 0.56 0.67 0.56 0.52 0.53 0.54 +4.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Aug 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Winnebago Industries, Inc. vs peers in Recreational Vehicles (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DOO BRP Inc. $4.4B 55.4× — +16.59% (above 0%: growing) n/m +116.16% (above 0%: growing) 11.74% (2.24%) Compare
THO Thor Industries, Inc. $3.8B 23.3× 20.2× −8.41% (below 0%: shrinking) −66.96% (below 0%: shrinking) −26.73% (below 0%: shrinking) 12.36% 2.19% Compare
PII Polaris Inc. $3.4B — (loss-making) 28.3× +10.91% (above 0%: growing) n/m −33.49% (below 0%: shrinking) 21.17% 3.59% Compare
HOG Harley-Davidson, Inc. $3.3B — (loss-making) 39.8× −19.25% (below 0%: shrinking) −87.35% (below 0%: shrinking) −53.23% (below 0%: shrinking) 25.97% 3.45% Compare
PATK Patrick Industries, Inc. $2.5B 19.8× 18.8× −0.04% (below 0%: shrinking) −38.64% (below 0%: shrinking) −49.38% (below 0%: shrinking) 23.57% 5.11% Compare
LCII LCI Industries $2.4B 11.8× 11.8× −12.52% (below 0%: shrinking) +20.52% (above 0%: growing) +88.04% (above 0%: growing) 31.09% 9.91% Compare
WGO Winnebago Industries, Inc. $871.7M 26.6× 20.4× −17.01% (below 0%: shrinking) −30.61% (below 0%: shrinking) +155.68% (above 0%: growing) 12.51% 2.73%
MCFT MASTERCRAFT BOAT HOLDINGS, INC. $520.6M — (loss-making) 12.7× +63.41% (above 0%: growing) n/m −18.29% (below 0%: shrinking) 22.56% (4.86%) Compare
MBUU Malibu Boats, Inc. $468.5M 354× 13.3× +42.74% (above 0%: growing) +54.17% (above 0%: growing) +19.34% (above 0%: growing) 17.66% 3.16% Compare
Median of peers $2.9B 23.3× 18.8× +5.44% −38.64% −22.51% 21.87% 3.31%

All 18 Recreational Vehicles stocks →

Pay and ownership Proxy statement filed 4 November 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.00m 1.04m 67.50
2024 7.22m 4.27m 108.00
2023 6.68m 4.04m 112.90
2022 6.68m 5.57m 106.70
2021 6.65m 13.98m 126.00

Ownership

Directors and executive officers, together 4.88%
BlackRock, Inc. 14.60%
Cooke & Bieler LP 7.75%
The Vanguard Group 7.40%
Dimensional Fund Advisors LP 6.21%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Winnebago Industries, Inc. (WGO) Latest News

23 Oct

Impact 4 · · The Motley Fool
Impact 4 · · GlobeNewswire
Impact 4 · · Zacks

22 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

21 Oct

Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 4 · · GlobeNewswire
Impact 3 · · StockStory
Impact 3 · · The Motley Fool
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · Zacks

20 Oct

Impact 3 · · StockStory

13 Oct

Impact 3 · · Zacks

1 Oct

Impact 4 · · GlobeNewswire

29 Sep

Impact 3 ·

28 Sep

Impact 4 · · GlobeNewswire

13 Aug

Impact 4 ·

8 Jul

Impact 3 ·

30 Jun

Impact 3 ·

26 Jun

Impact 4 ·
Impact 4 · · Moby transcript
Impact 3 ·
Impact 3 ·

25 Jun

Impact 3 · · GuruFocus.com transcript
Impact 3 · · Zacks
stockrow.com/WGO · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com