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Weyco Group, Inc. (WEYS) 10-Year Financial Performance & Capital Metrics

WEYS • • Industrial / General
Consumer CyclicalFootwear & AccessoriesFashion & Dress FootwearFashion Footwear Brands
AboutWeyco Group, Inc. designs and distributes footwear for men, women, and children. It operates through two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names. It is also involved in the wholesale of its products to approximately 10,000 footwear, department, and specialty stores, as well as e-commerce retailers. As of December 31, 2021, the company had four brick and mortar retail stores in the United States. In addition, it has licensing agreements with third parties, who sell its branded apparel, accessories, and specialty footwear. It serves in the United States, Canada, Europe, Australia, Asia, and South Africa. The company was formerly known as Weyenberg Shoe Manufacturing Company and changed its name to Weyco Group, Inc. in April 1990. Weyco Group, Inc. was incorporated in 1906 and is based in Milwaukee, Wisconsin.Show more
  • Revenue $290M -8.7%
  • EBITDA $39M -10.3%
  • Net Income $30M +0.4%
  • EPS (Diluted) 3.16 -0.3%
  • Gross Margin 45.31% +0.9%
  • EBITDA Margin 13.56% -1.7%
  • Operating Margin 12.61% -2.2%
  • Net Margin 10.44% +10.0%
  • ROE 12.37% -4.0%
  • ROIC 14.67% +5.3%
  • Debt/Equity 0.05 -18.4%
  • Interest Coverage 2440.93 +3047.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.98%
5Y-0.92%
3Y2.74%
TTM-3.64%

Profit (Net Income) CAGR

10Y4.77%
5Y7.74%
3Y13.83%
TTM-15.51%

EPS CAGR

10Y6.09%
5Y8.52%
3Y14.23%
TTM-15.89%

ROCE

10Y Avg10.52%
5Y Avg10.43%
3Y Avg14.82%
Latest13.16%

Peer Comparison

Fashion Footwear Brands
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SHOOSteven Madden, Ltd.3.36B46.2319.6715.21%2.38%6.35%5.13%0.17
WEYSWeyco Group, Inc.299.44M31.369.92-8.73%8.71%9.7%12.14%0.05
CALCaleres, Inc.467.08M13.784.46-3.36%2.25%9.61%11.86%1.36

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+320.62M296.93M283.75M298.38M304.01M195.38M267.64M351.74M318.05M290.29M
Revenue Growth %0%-0.07%-0.04%0.05%0.02%-0.36%0.37%0.31%-0.1%-0.09%
Cost of Goods Sold+199.01M184.89M173.06M178.29M180.05M116.82M160.19M207.34M175.16M158.76M
COGS % of Revenue0.62%0.62%0.61%0.6%0.59%0.6%0.6%0.59%0.55%0.55%
Gross Profit+121.61M112.04M110.69M120.08M123.96M78.56M107.45M144.39M142.88M131.53M
Gross Margin %0.38%0.38%0.39%0.4%0.41%0.4%0.4%0.41%0.45%0.45%
Gross Profit Growth %-0.01%-0.08%-0.01%0.08%0.03%-0.37%0.37%0.34%-0.01%-0.08%
Operating Expenses+91.82M90.81M87.28M94.62M96.92M86.16M81.75M104.03M101.86M94.91M
OpEx % of Revenue0.29%0.31%0.31%0.32%0.32%0.44%0.31%0.3%0.32%0.33%
Selling, General & Admin90.22M87.38M87.71M94.5M96.92M86.16M81.75M104.03M101.86M94.91M
SG&A % of Revenue0.28%0.29%0.31%0.32%0.32%0.44%0.31%0.3%0.32%0.33%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses-1.43M514K-248K-638K-535K00000
Operating Income+29.79M21.24M23.41M25.46M27.04M-7.6M25.7M40.37M41.02M36.61M
Operating Margin %0.09%0.07%0.08%0.09%0.09%-0.04%0.1%0.11%0.13%0.13%
Operating Income Growth %-0.03%-0.29%0.1%0.09%0.06%-1.28%4.38%0.57%0.02%-0.11%
EBITDA+33.82M25.29M27.72M29.49M30.57M-4.38M28.43M43.13M43.87M39.36M
EBITDA Margin %0.11%0.09%0.1%0.1%0.1%-0.02%0.11%0.12%0.14%0.14%
EBITDA Growth %-0.02%-0.25%0.1%0.06%0.04%-1.14%7.49%0.52%0.02%-0.1%
D&A (Non-Cash Add-back)4.04M4.06M4.3M4.03M3.52M3.22M2.72M2.77M2.85M2.75M
EBIT29.3M22.51M23.94M25.8M27.33M-6.97M27.43M40.45M41.39M39.85M
Net Interest Income+755K327K758K936K579K448K560K-349K578K3.67M
Interest Income936K763K773K981K823K527K641K361K1.11M3.68M
Interest Expense181K436K15K45K244K79K81K710K529K15K
Other Income/Expense-670K-705K510K298K44K544K1.64M-626K-160K3.22M
Pretax Income+29.11M22.08M23.92M25.76M27.08M-7.05M27.34M39.74M40.86M39.84M
Pretax Margin %0.09%0.07%0.08%0.09%0.09%-0.04%0.1%0.11%0.13%0.14%
Income Tax+10.96M5.08M7.22M5.8M6.2M1.43M6.79M10.2M10.68M9.52M
Effective Tax Rate %0.63%0.75%0.69%0.8%0.77%1.2%0.75%0.74%0.74%0.76%
Net Income+18.21M16.47M16.49M20.48M20.88M-8.48M20.55M29.54M30.19M30.32M
Net Margin %0.06%0.06%0.06%0.07%0.07%-0.04%0.08%0.08%0.09%0.1%
Net Income Growth %-0.04%-0.1%0%0.24%0.02%-1.41%3.42%0.44%0.02%0%
Net Income (Continuing)18.15M16.99M16.7M19.96M20.88M-8.48M20.55M29.54M30.19M30.32M
Discontinued Operations0000000000
Minority Interest6.34M6.69M7.12M0000000
EPS (Diluted)+1.681.561.601.972.10-0.872.123.073.173.16
EPS Growth %-0.04%-0.07%0.03%0.23%0.07%-1.41%3.44%0.45%0.03%-0%
EPS (Basic)1.691.571.612.012.11-0.872.133.093.193.21
Diluted Shares Outstanding10.86M10.57M10.31M10.39M9.95M9.76M9.69M9.62M9.54M9.6M
Basic Shares Outstanding10.77M10.52M10.25M10.17M9.9M9.76M9.66M9.55M9.45M9.46M
Dividend Payout Ratio0.46%0.53%0.54%0.45%0.45%-0.45%0.24%0.31%1.03%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+179.48M145.93M145.58M154.09M160M134.33M157.18M206.46M190.11M209.39M
Cash & Short-Term Investments22.45M18.31M29.42M24.5M15.7M34.69M28.05M18.37M69.53M71.81M
Cash Only17.93M13.71M23.45M22.97M9.8M32.48M19.71M16.88M69.31M70.96M
Short-Term Investments4.52M4.6M5.97M1.52M5.9M2.21M8.34M1.49M215K852K
Accounts Receivable54.01M51.52M50.12M51.53M51.53M36.01M53.78M54.24M39.52M38.55M
Days Sales Outstanding61.4963.3264.4763.0461.8767.2673.3556.2945.3548.47
Inventory97.18M69.9M60.27M72.68M86.71M59.02M71.03M127.98M74.89M74.01M
Days Inventory Outstanding178.24137.99127.12148.8175.79184.43161.83225.28156.05170.15
Other Current Assets5.83M005.38M0005.87M3.82M3.44M
Total Non-Current Assets+119.52M122.31M117.25M115.95M136.92M122.39M120.49M120.16M119.23M114.69M
Property, Plant & Equipment31.83M33.72M31.64M28.71M50.97M40.37M38.74M42.24M42.02M38.68M
Fixed Asset Turnover10.07x8.81x8.97x10.39x5.96x4.84x6.91x8.33x7.57x7.50x
Goodwill11.11M11.11M11.11M11.11M11.11M11.11M12.32M12.32M12.32M12.32M
Intangible Assets34.75M32.98M32.98M32.87M34.31M34.07M35.74M34.36M33.67M33.14M
Long-Term Investments20.68M21.06M17.67M18.7M15.81M12.8M10M7.12M6.35M5.53M
Other Non-Current Assets19.61M22.79M23.1M23.28M22.23M22.8M22.63M23.09M23.77M23.99M
Total Assets+299M268.24M262.83M270.04M296.92M256.72M277.67M326.62M309.34M324.09M
Asset Turnover1.07x1.11x1.08x1.10x1.02x0.76x0.96x1.08x1.03x0.90x
Asset Growth %0.08%-0.1%-0.02%0.03%0.1%-0.14%0.08%0.18%-0.05%0.05%
Total Current Liabilities+61.19M28.97M25.16M36.13M41.88M24.34M34.51M67.53M29.62M47.26M
Accounts Payable13.34M11.94M8.9M12.76M12.46M8.44M19.23M14.95M8.85M8.38M
Days Payables Outstanding24.4623.5818.7826.1325.2526.3843.8226.3118.4319.26
Short-Term Debt26.65M4.27M05.84M7.05M0031.14M00
Deferred Revenue (Current)1000K1000K01000K000000
Other Current Liabilities16.5M10.39M10.07M10.19M5.89M4.02M5.95M6.68M7.07M6.94M
Current Ratio2.93x5.04x5.79x4.27x3.82x5.52x4.55x3.06x6.42x4.43x
Quick Ratio1.34x2.62x3.39x2.25x1.75x3.09x2.50x1.16x3.89x2.86x
Cash Conversion Cycle215.27177.74172.81185.71212.41225.31191.35255.26182.98199.36
Total Non-Current Liabilities+33.08M30.99M32.01M28.33M45.05M44.45M41.76M35.18M35.23M31.24M
Long-Term Debt0000000000
Capital Lease Obligations000014.11M7.73M7.52M10.66M9.53M7.03M
Deferred Tax Liabilities70K703K2.07M3.72M3.08M2.91M5.03M8.53M11.82M13.92M
Other Non-Current Liabilities33.01M30.28M29.94M24.61M27.85M33.8M29.22M15.99M13.88M10.28M
Total Liabilities94.27M59.96M57.17M64.46M86.92M68.79M76.27M102.72M64.85M78.5M
Total Debt+26.65M4.27M05.84M27.66M11.98M11.11M45.82M13.51M11.07M
Net Debt8.72M-9.44M-23.45M-17.13M17.86M-20.5M-8.6M28.95M-55.8M-59.9M
Debt / Equity0.13x0.02x-0.03x0.13x0.06x0.06x0.20x0.06x0.05x
Debt / EBITDA0.79x0.17x-0.20x0.91x-0.39x1.06x0.31x0.28x
Net Debt / EBITDA0.26x-0.37x-0.85x-0.58x0.58x--0.30x0.67x-1.27x-1.52x
Interest Coverage164.56x48.71x1560.80x565.76x110.82x-96.18x317.31x56.85x77.55x2440.93x
Total Equity+204.73M208.28M205.66M205.58M209.99M187.93M201.4M223.91M244.49M245.59M
Equity Growth %0.03%0.02%-0.01%-0%0.02%-0.11%0.07%0.11%0.09%0%
Book Value per Share18.8519.7019.9419.7821.1019.2620.7823.2725.6425.58
Total Shareholders' Equity198.38M201.59M198.54M205.58M209.99M187.93M201.4M223.91M244.49M245.59M
Common Stock10.77M10.51M10.16M10.06M9.87M9.8M9.71M9.58M9.5M9.64M
Retained Earnings160.32M157.47M150.35M152.84M158.82M138.96M147.76M164.04M180.65M181.3M
Treasury Stock0000000000
Accumulated OCI-18.47M-16.57M-17.86M-21.57M-24.54M-28M-24.79M-20.19M-17.31M-17.93M
Minority Interest6.34M6.69M7.12M0000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-5.73M46.87M33.52M13.05M9.39M39.98M6.39M-29.9M98.63M37.73M
Operating CF Margin %-0.02%0.16%0.12%0.04%0.03%0.2%0.02%-0.09%0.31%0.13%
Operating CF Growth %-1.32%9.18%-0.28%-0.61%-0.28%3.26%-0.84%-5.68%4.3%-0.62%
Net Income18.15M16.99M16.7M19.96M20.88M-8.48M20.55M29.54M30.19M30.32M
Depreciation & Amortization4.04M4.06M4.3M4.03M3.49M3.22M2.8M2.77M2.85M2.75M
Stock-Based Compensation1.56M1.56M1.62M1.51M1.45M1.38M1.57M1.52M1.35M1.45M
Deferred Taxes346K-2.65M2.19M643K-869K2.75M910K1.3M2.46M1.06M
Other Non-Cash Items1.23M1.66M-3.08M-2.54M1.18M8.34M478K986K1.74M658K
Working Capital Changes-31.05M25.25M11.79M-10.56M-16.75M32.78M-19.92M-66.02M60.04M1.5M
Change in Receivables1.01M3.18M637K-2.41M-138K11.4M-18.72M-282K14.41M923K
Change in Inventory-28.28M27.31M9.63M-12.39M-14.04M27.52M-11.35M-56.96M53.05M821K
Change in Payables-2.33M-1.39M-2.81M3.9M-315K-4.15M10.76M-4.29M-6.07M-419K
Cash from Investing+2.52M-6.69M235K1.82M-8.94M3.16M-7M7.43M-1.24M-1.17M
Capital Expenditures-2.48M-5.99M-1.58M-1.41M-7.39M-3.37M-1.01M-2.34M-3.31M-1.39M
CapEx % of Revenue0.01%0.02%0.01%0%0.02%0.02%0%0.01%0.01%0%
Acquisitions----------
Investments----------
Other Investing-155K-155K-155K-155K-155K-155K-111K000
Cash from Financing+9.47M-44.44M-24.41M-14.91M-13.69M-20.89M-11.87M20.27M-45.34M-32.22M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-8.45M-8.72M-8.88M-9.21M-9.41M-11.78M-9.35M-6.95M-9.29M-31.27M
Share Repurchases----------
Other Financing391K-5.37M-358K-124K156K02K281K-583K-368K
Net Change in Cash----------
Free Cash Flow+-8.21M40.88M31.94M11.64M2M36.61M5.38M-32.25M95.32M36.34M
FCF Margin %-0.03%0.14%0.11%0.04%0.01%0.19%0.02%-0.09%0.3%0.13%
FCF Growth %-1.55%5.98%-0.22%-0.64%-0.83%17.35%-0.85%-6.99%3.96%-0.62%
FCF per Share-0.763.873.101.120.203.750.56-3.3510.003.79
FCF Conversion (FCF/Net Income)-0.31x2.85x2.03x0.64x0.45x-4.71x0.31x-1.01x3.27x1.24x
Interest Paid181K436K15K45K244K72K80K710K977K15K
Taxes Paid10.34M8.51M4.9M3.67M7.6M914K5.81M9.44M7.12M9.4M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)9.05%7.98%7.97%9.96%10.05%-4.26%10.56%13.89%12.89%12.37%
Return on Invested Capital (ROIC)11.05%7.73%9.22%10.3%9.74%-2.88%10.7%13.59%13.94%14.67%
Gross Margin37.93%37.73%39.01%40.24%40.78%40.21%40.15%41.05%44.92%45.31%
Net Margin5.68%5.55%5.81%6.87%6.87%-4.34%7.68%8.4%9.49%10.44%
Debt / Equity0.13x0.02x-0.03x0.13x0.06x0.06x0.20x0.06x0.05x
Interest Coverage164.56x48.71x1560.80x565.76x110.82x-96.18x317.31x56.85x77.55x2440.93x
FCF Conversion-0.31x2.85x2.03x0.64x0.45x-4.71x0.31x-1.01x3.27x1.24x
Revenue Growth0.04%-7.39%-4.44%5.15%1.89%-35.73%36.99%31.42%-9.58%-8.73%

Revenue by Segment

2015201620172018201920202021202220232024
Wholesale251.37M227.54M217.28M233.36M242.13M152.19M205.39M283.24M250.4M227.94M
Wholesale Growth--9.48%-4.51%7.40%3.76%-37.15%34.96%37.90%-11.59%-8.97%
Retail22.12M21.88M20.86M22.68M25.23M21.5M31.59M36.69M38.01M38.7M
Retail Growth--1.08%-4.67%8.74%11.23%-14.79%46.96%16.14%3.59%1.81%
Other47.13M47.51M45.61M42.33M36.65M21.69M30.66M31.81M29.64M23.65M
Other Growth-0.82%-4.00%-7.20%-13.41%-40.82%41.36%3.74%-6.83%-20.20%

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES-231.46M219.69M234.78M-----248.58M
UNITED STATES Growth---5.09%6.87%------
AUSTRALIA-28.39M28.08M26.04M-----20.83M
AUSTRALIA Growth---1.08%-7.28%------
CANADA-17.96M18.45M21.26M-----18.06M
CANADA Growth--2.75%15.24%------
SOUTH AFRICA-3.41M3.29M3M-----2.38M
SOUTH AFRICA Growth---3.55%-8.67%------
Asia9.05M7.7M6.81M5.44M5.08M1.97M3.2M3.47M4.14M438K
Asia Growth--14.90%-11.56%-20.11%-6.56%-61.28%62.42%8.57%19.33%-89.43%
United States------215.75M292.44M266.51M-
United States Growth-------35.54%-8.87%-
Australia------21.22M25.2M23.01M-
Australia Growth-------18.75%-8.67%-
Canada------21.23M27.49M21.9M-
Canada Growth-------29.50%-20.34%-
South Africa------3.94M3.14M2.48M-
South Africa Growth--------20.20%-20.99%-
Europe7.29M8.01M7.43M7.85M6.22M2.6M2.31M---
Europe Growth-9.92%-7.25%5.60%-20.72%-58.22%-11.19%---

Frequently Asked Questions

Valuation & Price

Weyco Group, Inc. (WEYS) has a price-to-earnings (P/E) ratio of 9.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Weyco Group, Inc. (WEYS) reported $279.8M in revenue for fiscal year 2024. This represents a 3% increase from $271.1M in 2011.

Weyco Group, Inc. (WEYS) saw revenue decline by 8.7% over the past year.

Yes, Weyco Group, Inc. (WEYS) is profitable, generating $24.4M in net income for fiscal year 2024 (10.4% net margin).

Dividend & Returns

Yes, Weyco Group, Inc. (WEYS) pays a dividend with a yield of 10.39%. This makes it attractive for income-focused investors.

Weyco Group, Inc. (WEYS) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.

Weyco Group, Inc. (WEYS) generated $32.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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