YETI Holdings, Inc. (YETI) 10-Year Financial Performance & Capital Metrics

YETI • • Industrial / General

Consumer CyclicalLeisureOutdoor Recreation EquipmentOutdoor Lifestyle Products

AboutYETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand. In addition, the company offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes. It sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website. The company operates in the United States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore, and Japan. YETI Holdings, Inc. was founded in 2006 and is headquartered in Austin, Texas.Show more

Revenue $1.83B +10.3%
EBITDA $294M +8.0%
Net Income $176M +3.4%
EPS (Diluted) 2.05 +5.7%
Gross Margin 58.11% +2.2%
EBITDA Margin 16.04% -2.1%
Operating Margin 13.41% -1.3%
Net Margin 9.6% -6.3%
ROE 24.01% -11.7%
ROIC 36.28% -1.7%
Debt/Equity 0.23 -4.2%
Interest Coverage 447.77 +219.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 22.8%
✓Strong 5Y profit CAGR of 28.4%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 87 (top 13%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 14.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y28.62%

5Y14.9%

3Y9.05%

TTM1.56%

Profit (Net Income) CAGR

10Y28.59%

5Y28.35%

3Y-6.16%

TTM-20.29%

EPS CAGR

10Y28.27%

5Y28.73%

3Y-5.12%

TTM-17.6%

ROCE

10Y Avg32.59%

5Y Avg33.97%

3Y Avg24.85%

Latest27.18%

Peer Comparison

Outdoor Lifestyle Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
YETIYETI Holdings, Inc.	3.84B	49.34	24.07	10.32%	8.75%	22.82%	5.72%	0.23
PLBYPlayboy, Inc.	212.28M	1.97	-1.89	-18.76%	-17.01%	-8.08%
DOGZDogness (International) Corporation	61.06M	11.22	-20.40	-15.56%	-35.51%	-16.22%		0.25

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	468.95M	818.91M	639.24M	778.83M	913.73M	1.09B	1.41B	1.6B	1.66B	1.83B
Revenue Growth %	2.17%	0.75%	-0.22%	0.22%	0.17%	0.19%	0.29%	0.13%	0.04%	0.1%
Cost of Goods Sold+	250.25M	416.62M	365.41M	420.48M	438.42M	462.92M	594.88M	831.82M	715.53M	766.59M
COGS % of Revenue	0.53%	0.51%	0.57%	0.54%	0.48%	0.42%	0.42%	0.52%	0.43%	0.42%
Gross Profit+	218.7M	402.29M	273.83M	358.35M	475.31M	628.8M	816.11M	763.4M	943.19M	1.06B
Gross Margin %	0.47%	0.49%	0.43%	0.46%	0.52%	0.58%	0.58%	0.48%	0.57%	0.58%
Gross Profit Growth %	2.26%	0.84%	-0.32%	0.31%	0.33%	0.32%	0.3%	-0.06%	0.24%	0.13%
Operating Expenses+	90.79M	314.08M	209.87M	256.19M	385.54M	414.57M	541.17M	637.04M	717.73M	817.91M
OpEx % of Revenue	0.19%	0.38%	0.33%	0.33%	0.42%	0.38%	0.38%	0.4%	0.43%	0.45%
Selling, General & Admin	90.79M	325.75M	230.63M	280.97M	385.54M	414.57M	541.17M	637.04M	717.73M	817.91M
SG&A % of Revenue	0.19%	0.4%	0.36%	0.36%	0.42%	0.38%	0.38%	0.4%	0.43%	0.45%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	127.91M	88.21M	63.97M	102.16M	89.77M	214.23M	274.94M	126.36M	225.46M	245.38M
Operating Margin %	0.27%	0.11%	0.1%	0.13%	0.1%	0.2%	0.19%	0.08%	0.14%	0.13%
Operating Income Growth %	3.98%	-0.31%	-0.27%	0.6%	-0.12%	1.39%	0.28%	-0.54%	0.78%	0.09%
EBITDA+	135.44M	99.88M	84.74M	126.93M	118.73M	244.77M	307.01M	166.21M	271.89M	293.51M
EBITDA Margin %	0.29%	0.12%	0.13%	0.16%	0.13%	0.22%	0.22%	0.1%	0.16%	0.16%
EBITDA Growth %	3.17%	-0.26%	-0.15%	0.5%	-0.06%	1.06%	0.25%	-0.46%	0.64%	0.08%
D&A (Non-Cash Add-back)	7.53M	11.67M	20.77M	24.78M	28.96M	30.54M	32.07M	39.85M	46.43M	48.13M
EBIT	127.91M	88.21M	63.97M	102.16M	89.77M	214.23M	274.94M	120.64M	226.89M	245.38M
Net Interest Income+	-6.08M	-21.68M	-32.61M	-31.28M	-21.78M	-9.15M	-3.34M	-4.47M	-942K	660K
Interest Income	0	0	0	0	0	0	0	0	668K	1.21M
Interest Expense	6.08M	21.68M	32.61M	31.28M	21.78M	9.15M	3.34M	4.47M	1.61M	548K
Other Income/Expense	-12.55M	-22.92M	-31.91M	-32.54M	-22.51M	-9.03M	-6.53M	-10.18M	488K	-12.53M
Pretax Income+	115.36M	65.28M	32.06M	69.61M	67.26M	205.2M	268.41M	116.18M	225.95M	232.85M
Pretax Margin %	0.25%	0.08%	0.05%	0.09%	0.07%	0.19%	0.19%	0.07%	0.14%	0.13%
Income Tax+	41.14M	16.5M	16.66M	11.85M	16.82M	49.4M	55.81M	26.48M	56.06M	57.16M
Effective Tax Rate %	0.64%	0.73%	0.48%	0.83%	0.75%	0.76%	0.79%	0.77%	0.75%	0.75%
Net Income+	74.22M	47.98M	15.4M	57.76M	50.43M	155.8M	212.6M	89.69M	169.88M	175.69M
Net Margin %	0.16%	0.06%	0.02%	0.07%	0.06%	0.14%	0.15%	0.06%	0.1%	0.1%
Net Income Growth %	4.22%	-0.35%	-0.68%	2.75%	-0.13%	2.09%	0.36%	-0.58%	0.89%	0.03%
Net Income (Continuing)	74.22M	48.79M	15.4M	57.76M	50.43M	155.8M	212.6M	89.69M	169.88M	175.69M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	2.19M	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.89	0.57	0.18	0.69	0.58	1.77	2.40	1.03	1.94	2.05
EPS Growth %	4.24%	-0.36%	-0.68%	2.83%	-0.16%	2.05%	0.36%	-0.57%	0.88%	0.06%
EPS (Basic)	0.89	0.57	0.18	0.71	0.59	1.79	2.43	1.04	1.96	2.07
Diluted Shares Outstanding	83.65M	83.65M	83.65M	83.52M	86.35M	87.85M	88.67M	87.19M	87.4M	85.75M
Basic Shares Outstanding	83.65M	83.65M	83.65M	81.78M	85.09M	86.98M	87.42M	86.52M	86.72M	84.94M
Dividend Payout Ratio	-	9.46%	0.18%	0.04%	0.01%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	216.04M	331.01M	303.03M	297.01M	360.55M	476.5M	770.17M	718.92M	914.4M	826.77M
Cash & Short-Term Investments	40.25M	21.29M	53.65M	80.05M	72.52M	253.28M	312.19M	234.74M	438.96M	358.8M
Cash Only	40.25M	21.29M	53.65M	80.05M	72.52M	253.28M	312.19M	234.74M	438.96M	358.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	63.98M	37.2M	67.15M	59.33M	82.69M	65.42M	109.53M	79.45M	95.77M	120.19M
Days Sales Outstanding	49.8	16.58	38.34	27.8	33.03	21.87	28.33	18.18	21.08	23.97
Inventory	88.31M	246.12M	175.1M	145.42M	185.7M	140.11M	318.86M	371.41M	337.21M	310.06M
Days Inventory Outstanding	128.81	215.62	174.9	126.23	154.6	110.47	195.65	162.97	172.01	147.63
Other Current Assets	8.4M	10.16M	0	2.92M	3.22M	5.08M	4.06M	4.95M	6.21M	5.33M
Total Non-Current Assets+	129.99M	205.1M	213.39M	217.2M	268.99M	260.57M	326.2M	357.85M	382.79M	459.35M
Property, Plant & Equipment	14.83M	47.09M	73.78M	74.1M	120.38M	112.17M	174.01M	179.99M	208.27M	204.55M
Fixed Asset Turnover	31.61x	17.39x	8.66x	10.51x	7.59x	9.73x	8.11x	8.86x	7.96x	8.95x
Goodwill	50.68M	50.68M	54.29M	54.29M	54.29M	54.29M	54.29M	54.29M	54.29M	72.56M
Intangible Assets	63.1M	87.78M	74.3M	80.02M	90.85M	92.08M	95.31M	99.43M	117.63M	172.02M
Long-Term Investments	0	0	0	-7.78M	-1.08M	0	0	0	0	0
Other Non-Current Assets	1.38M	6.17M	1.01M	8.79M	3.47M	972K	2.58M	24.13M	2.6M	10.22M
Total Assets+	346.04M	536.11M	516.43M	514.21M	629.54M	737.07M	1.1B	1.08B	1.3B	1.29B
Asset Turnover	1.36x	1.53x	1.24x	1.51x	1.45x	1.48x	1.29x	1.48x	1.28x	1.42x
Asset Growth %	0.91%	0.55%	-0.04%	-0%	0.22%	0.17%	0.49%	-0.02%	0.2%	-0.01%
Total Current Liabilities+	81.1M	137.87M	151.9M	187.34M	170.31M	287.76M	403.71M	409.04M	398.35M	379.5M
Accounts Payable	24.93M	19.38M	40.34M	68.74M	83.82M	123.62M	191.32M	140.82M	190.39M	158.5M
Days Payables Outstanding	36.35	16.98	40.3	59.67	69.79	97.47	117.39	61.79	97.12	75.47
Short-Term Debt	1.96M	45.55M	47.05M	43.64M	15.19M	22.5M	22.5M	22.5M	4.22M	4.22M
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	10M	230K	0	4.53M	6.58M	8.94M	10.28M	124.01M	40.15M	50.25M
Current Ratio	2.66x	2.40x	1.99x	1.59x	2.12x	1.66x	1.91x	1.76x	2.30x	2.18x
Quick Ratio	1.58x	0.62x	0.84x	0.81x	1.03x	1.17x	1.12x	0.85x	1.45x	1.36x
Cash Conversion Cycle	142.25	215.23	172.95	94.37	117.85	34.87	106.59	119.36	95.97	96.14
Total Non-Current Liabilities+	64.02M	493.34M	440.76M	297.9M	337.22M	160.89M	174.83M	141.25M	175.23M	166.51M
Long-Term Debt	59.72M	491.69M	428.63M	284.38M	281.71M	110.26M	88.44M	66.54M	75.2M	71.63M
Capital Lease Obligations	0	0	0	0	42.2M	36.55M	63.24M	60.85M	79.61M	74.78M
Deferred Tax Liabilities	4.09M	14.19M	14.31M	7.78M	0	0	10.92M	0	0	0
Other Non-Current Liabilities	211K	1.66M	12.13M	13.53M	13.31M	14.08M	23.15M	13.86M	20.42M	20.1M
Total Liabilities	145.12M	631.21M	592.66M	485.24M	507.53M	448.65M	578.54M	550.29M	573.58M	546.01M
Total Debt+	61.68M	537.24M	475.68M	328.01M	346.87M	178.51M	186.41M	164.08M	176.11M	172.5M
Net Debt	21.42M	515.95M	422.03M	247.96M	274.35M	-74.78M	-125.78M	-70.66M	-262.85M	-186.29M
Debt / Equity	0.31x	-	-	11.32x	2.84x	0.62x	0.36x	0.31x	0.24x	0.23x
Debt / EBITDA	0.46x	5.38x	5.61x	2.58x	2.92x	0.73x	0.61x	0.99x	0.65x	0.59x
Net Debt / EBITDA	0.16x	5.17x	4.98x	1.95x	2.31x	-0.31x	-0.41x	-0.43x	-0.97x	-0.63x
Interest Coverage	21.06x	4.07x	1.96x	3.27x	4.12x	23.40x	82.34x	28.29x	140.04x	447.77x
Total Equity+	200.92M	-95.1M	-76.23M	28.97M	122M	288.42M	517.82M	526.48M	723.61M	740.11M
Equity Growth %	0.61%	-1.47%	0.2%	1.38%	3.21%	1.36%	0.8%	0.02%	0.37%	0.02%
Book Value per Share	2.40	-1.14	-0.91	0.35	1.41	3.28	5.84	6.04	8.28	8.63
Total Shareholders' Equity	200.92M	-97.29M	-76.23M	28.97M	122M	288.42M	517.82M	526.48M	723.61M	740.11M
Common Stock	2.02M	814K	815K	842K	868K	871K	877K	881K	886K	892K
Retained Earnings	98.05M	-309.57M	-296.18M	-240.1M	-189.54M	-33.74M	178.86M	268.55M	438.44M	614.13M
Treasury Stock	0	0	0	0	0	0	0	-100.03M	-100.03M	-281.59M
Accumulated OCI	-7.24M	0	43K	-94K	4K	-387K	353K	-420K	-2.06M	756K
Minority Interest	0	2.19M	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.63M	28.91M	147.75M	176.07M	86.89M	366.43M	146.52M	100.89M	285.94M	261.39M
Operating CF Margin %	0.02%	0.04%	0.23%	0.23%	0.1%	0.34%	0.1%	0.06%	0.17%	0.14%
Operating CF Growth %	0.46%	2.35%	4.11%	0.19%	-0.51%	3.22%	-0.6%	-0.31%	1.83%	-0.09%
Net Income	74.22M	48.79M	15.4M	57.76M	50.43M	155.8M	212.6M	89.69M	169.88M	175.69M
Depreciation & Amortization	7.53M	11.67M	20.77M	24.78M	28.96M	30.54M	32.07M	39.85M	46.43M	48.13M
Stock-Based Compensation	624K	118.42M	13.39M	13.25M	52.33M	9.01M	15.47M	17.8M	29.8M	40.72M
Deferred Taxes	-1.66M	-15.8M	8.5M	2.23M	15.62M	-3.83M	5.15M	-403K	25.56M	-11.17M
Other Non-Cash Items	722K	1.28M	2.95M	6.33M	3.45M	2.98M	4.17M	101.05M	-407K	25.95M
Working Capital Changes	-72.81M	-135.44M	86.74M	71.73M	-63.9M	171.93M	-122.95M	-147.09M	14.67M	-17.94M
Change in Receivables	-47.12M	8.83M	-29.91M	7.67M	-19.94M	16.35M	-44.68M	30.45M	-15.68M	-23.66M
Change in Inventory	-70.61M	-150.65M	71.04M	29.58M	-40.54M	46.05M	-179.8M	-91.62M	33.67M	39.75M
Change in Payables	36M	7.89M	27.99M	43.74M	6.61M	89.13M	112.77M	-86.24M	-15.14M	-47.02M
Cash from Investing+	-10.9M	-55.88M	-38.72M	-31.72M	-48.69M	-22.94M	-65.76M	-56.91M	-72.82M	-131.45M
Capital Expenditures	-10.9M	-60.3M	-42.2M	-31.89M	-48.69M	-15.57M	-56.12M	-45.93M	-50.67M	-41.83M
CapEx % of Revenue	0.02%	0.07%	0.07%	0.04%	0.05%	0.01%	0.04%	0.03%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.05M	-538K	6.34M	2.17M	-16.61M	-7.38M	-9.63M	-10.98M	-22.15M	-53.45M
Cash from Financing+	33.64M	8.01M	-72.24M	-117.99M	-45.69M	-163.19M	-23.02M	-122.63M	-13.6M	-209.22M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-453.91M	-2.81M	-2.52M	-636K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	346K	-24.34M	-3.88M	205K	1.43M	1.99M	589K	1.96M	-3.73M	-1.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.28M	-31.39M	105.55M	144.18M	38.2M	343.48M	80.76M	43.98M	213.12M	219.55M
FCF Margin %	-0%	-0.04%	0.17%	0.19%	0.04%	0.31%	0.06%	0.03%	0.13%	0.12%
FCF Growth %	-2.27%	-12.78%	4.36%	0.37%	-0.74%	7.99%	-0.76%	-0.46%	3.85%	0.03%
FCF per Share	-0.03	-0.38	1.26	1.73	0.44	3.91	0.91	0.50	2.44	2.56
FCF Conversion (FCF/Net Income)	0.12x	0.60x	9.59x	3.05x	1.72x	2.35x	0.69x	1.12x	1.68x	1.49x
Interest Paid	5.28M	0	29.88M	28.5M	19.4M	8.36M	2.37M	2.96M	6.69M	5.81M
Taxes Paid	28.19M	0	20.64M	16.35M	3.52M	36.31M	58.82M	58.82M	14.13M	65.2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	45.61%	90.68%	-	199.38%	66.81%	75.92%	52.74%	17.18%	27.18%	24.01%
Return on Invested Capital (ROIC)	52.33%	20.57%	12.52%	24.61%	20%	52.68%	68.09%	22.36%	36.9%	36.28%
Gross Margin	46.64%	49.12%	42.84%	46.01%	52.02%	57.6%	57.84%	47.86%	56.86%	58.11%
Net Margin	15.83%	5.86%	2.41%	7.42%	5.52%	14.27%	15.07%	5.62%	10.24%	9.6%
Debt / Equity	0.31x	-	-	11.32x	2.84x	0.62x	0.36x	0.31x	0.24x	0.23x
Interest Coverage	21.06x	4.07x	1.96x	3.27x	4.12x	23.40x	82.34x	28.29x	140.04x	447.77x
FCF Conversion	0.12x	0.60x	9.59x	3.05x	1.72x	2.35x	0.69x	1.12x	1.68x	1.49x
Revenue Growth	217.44%	74.63%	-21.94%	21.84%	17.32%	19.48%	29.24%	13.06%	3.98%	10.32%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Drinkware	-	526.24M	628.57M	832.43M	947.22M	1.02B	1.09B
Drinkware Growth	-	-	19.44%	32.43%	13.79%	8.00%	6.96%
Coolers And Equipment	-	368.87M	446.58M	551.86M	612.52M	597.51M	698.61M
Coolers And Equipment Growth	-	-	21.07%	23.57%	10.99%	-2.45%	16.92%
Product and Service, Other	-	18.62M	16.57M	26.7M	35.48M	38.22M	37.1M
Product and Service, Other Growth	-	-	-11.00%	61.13%	32.87%	7.73%	-2.93%

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	761.88M	873.87M	1.03B	1.28B	1.39B	1.4B	1.49B
UNITED STATES Growth	-	14.70%	17.34%	24.55%	9.15%	0.35%	6.54%
Other Than United States	16.95M	39.87M	66.33M	133.81M	201.2M	259.79M	339.4M
Other Than United States Growth	-	135.16%	66.37%	101.74%	50.36%	29.12%	30.65%

Frequently Asked Questions

Valuation & Price

YETI Holdings, Inc. (YETI) has a price-to-earnings (P/E) ratio of 24.1x. This is roughly in line with market averages.

Growth & Financials

YETI Holdings, Inc. (YETI) reported $1.83B in revenue for fiscal year 2024. This represents a 1140% increase from $147.7M in 2014.

YETI Holdings, Inc. (YETI) grew revenue by 10.3% over the past year. This is steady growth.

Yes, YETI Holdings, Inc. (YETI) is profitable, generating $160.3M in net income for fiscal year 2024 (9.6% net margin).

Dividend & Returns

YETI Holdings, Inc. (YETI) has a return on equity (ROE) of 24.0%. This is excellent, indicating efficient use of shareholder capital.

YETI Holdings, Inc. (YETI) generated $231.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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