Winnebago Industries, Inc. (WGO) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Auto - Recreational Vehicles
EV/EBITDA
↑
12.86
↑+40% vs avg
5yr avg: 9.15
30Y Low3.0·High44.5
P/FCF
↓
9.04
↓-24% vs avg
5yr avg: 11.85
30Y Low4.8·High107.3
P/B Ratio
↓
0.66
↓-58% vs avg
5yr avg: 1.56
30Y Low0.8·High5.5
ROE
↓
2.1%
↑-88% vs avg
5yr avg: 16.6%
30Y Low-59%·High35%
Debt/EBITDA
↑
6.22
↑+108% vs avg
5yr avg: 3.00
30Y Low0.1·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WGO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Winnebago Industries, Inc. trades at 31.5x earnings, 21% below its 5-year average of 39.9x, sitting at the 83rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 49%. On a free-cash-flow basis, the stock trades at 9.0x P/FCF, 24% below the 5-year average of 11.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $809M | $1.0B | $1.8B | $2.3B | $2.0B | $2.5B | $2.0B | $1.0B | $1.2B | $1.1B | $646M |
| Enterprise Value | $1.2B | $1.4B | $2.2B | $2.6B | $2.3B | $2.6B | $2.2B | $1.2B | $1.5B | $1.3B | $561M |
| P/E Ratio → | 31.51 | 39.54 | 135.59 | 10.22 | 5.17 | 8.83 | 31.74 | 9.10 | 11.58 | 14.89 | 14.23 |
| P/S Ratio | 0.29 | 0.36 | 0.59 | 0.65 | 0.41 | 0.69 | 0.83 | 0.51 | 0.59 | 0.69 | 0.66 |
| P/B Ratio | 0.66 | 0.83 | 1.38 | 1.65 | 1.60 | 2.36 | 2.36 | 1.61 | 2.22 | 2.41 | 2.41 |
| P/FCF | 9.04 | 11.38 | 17.80 | 10.66 | 6.46 | 12.94 | 8.21 | 10.93 | 21.70 | 12.79 | 22.92 |
| P/OCF | 6.28 | 7.90 | 12.23 | 7.65 | 5.04 | 10.49 | 7.23 | 7.59 | 14.24 | 10.94 | 12.25 |
P/E links to full P/E history page with 30-year chart
WGO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Winnebago Industries, Inc.'s enterprise value stands at 12.9x EBITDA, 40% above its 5-year average of 9.2x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 6% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.51 | 0.73 | 0.74 | 0.47 | 0.72 | 0.94 | 0.62 | 0.73 | 0.84 | 0.58 |
| EV / EBITDA | 12.86 | 15.04 | 13.67 | 7.44 | 3.67 | 5.95 | 14.55 | 6.90 | 8.22 | 8.29 | 7.84 |
| EV / EBIT | 21.51 | 25.71 | 36.49 | 8.53 | 4.20 | 6.42 | 19.42 | 7.94 | 9.20 | 12.98 | 9.98 |
| EV / FCF | — | 16.09 | 21.95 | 12.27 | 7.47 | 13.61 | 9.28 | 13.27 | 26.99 | 15.66 | 19.89 |
WGO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Winnebago Industries, Inc. earns an operating margin of 2.0%, roughly in line with the Consumer Cyclical sector average. Operating margins have compressed from 8.6% to 2.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.1% is modest, trailing the sector median of 5.3%. ROIC of 2.6% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.0% | 13.0% | 14.6% | 16.8% | 18.7% | 17.9% | 13.3% | 15.5% | 14.9% | 14.4% | 11.6% |
| Operating Margin | 2.0% | 2.0% | 3.4% | 8.6% | 11.8% | 11.2% | 4.8% | 7.8% | 8.0% | 8.1% | 6.7% |
| Net Profit Margin | 0.9% | 0.9% | 0.4% | 6.2% | 7.9% | 7.8% | 2.6% | 5.6% | 5.1% | 4.6% | 4.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.1% | 2.1% | 1.0% | 16.4% | 33.7% | 29.9% | 8.4% | 19.2% | 21.0% | 20.1% | 18.6% |
| ROA | 1.1% | 1.1% | 0.5% | 8.6% | 17.0% | 14.6% | 4.3% | 10.4% | 10.5% | 11.0% | 12.1% |
| ROIC | 2.6% | 2.6% | 4.4% | 13.7% | 31.6% | 26.9% | 8.8% | 13.9% | 16.0% | 21.7% | 29.6% |
| ROCE | 2.9% | 2.9% | 4.9% | 14.8% | 31.8% | 25.8% | 9.6% | 17.7% | 20.3% | 24.2% | 22.7% |
WGO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Winnebago Industries, Inc. carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (30% above the sector average of 4.8x). Net debt stands at $421M ($595M total debt minus $174M cash). Interest coverage of just 2.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.49 | 0.58 | 0.47 | 0.47 | 0.53 | 0.66 | 0.40 | 0.55 | 0.62 | — |
| Debt / EBITDA | 6.22 | 6.22 | 4.67 | 1.86 | 0.94 | 1.28 | 3.61 | 1.42 | 1.62 | 1.75 | — |
| Net Debt / Equity | — | 0.34 | 0.32 | 0.25 | 0.25 | 0.12 | 0.31 | 0.34 | 0.54 | 0.54 | -0.32 |
| Net Debt / EBITDA | 4.40 | 4.40 | 2.59 | 0.97 | 0.50 | 0.29 | 1.68 | 1.21 | 1.61 | 1.52 | -1.20 |
| Debt / FCF | — | 4.71 | 4.15 | 1.61 | 1.01 | 0.67 | 1.07 | 2.33 | 5.29 | 2.87 | -3.04 |
| Interest Coverage | 2.21 | 2.21 | 4.75 | 14.67 | 14.13 | 10.08 | 3.04 | 8.66 | 8.79 | 7.43 | — |
WGO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Winnebago Industries, Inc.'s current ratio of 2.42x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.21x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.52x to 2.42x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.42 | 2.42 | 2.44 | 2.52 | 2.10 | 2.60 | 2.38 | 2.08 | 1.82 | 1.88 | 3.02 |
| Quick Ratio | 1.21 | 1.21 | 1.36 | 1.33 | 1.09 | 1.76 | 1.77 | 1.06 | 0.87 | 1.03 | 1.70 |
| Cash Ratio | 0.53 | 0.53 | 0.82 | 0.78 | 0.54 | 1.07 | 0.97 | 0.19 | 0.01 | 0.22 | 0.92 |
| Asset Turnover | — | 1.24 | 1.25 | 1.39 | 2.00 | 1.72 | 1.34 | 1.80 | 1.92 | 1.71 | 2.50 |
| Inventory Turnover | 6.14 | 6.14 | 5.79 | 6.17 | 7.66 | 8.73 | 11.17 | 8.35 | 8.80 | 9.31 | 7.04 |
| Days Sales Outstanding | — | 26.00 | 22.52 | 19.78 | 18.71 | 25.52 | 34.21 | 29.05 | 29.79 | 29.38 | 24.77 |
WGO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Winnebago Industries, Inc. returns 11.4% to shareholders annually — split between a 4.8% dividend yield and 6.6% buyback yield. The payout ratio exceeds 100% at 151.4%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.8% | 3.8% | 2.1% | 1.5% | 1.2% | 0.6% | 0.7% | 1.3% | 1.1% | 1.2% | 1.7% |
| Payout Ratio | 151.4% | 151.4% | 283.1% | 15.4% | 6.1% | 5.7% | 23.7% | 12.2% | 12.4% | 17.9% | 23.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 2.5% | 0.7% | 9.8% | 19.3% | 11.3% | 3.2% | 11.0% | 8.6% | 6.7% | 7.0% |
| FCF Yield | 11.1% | 8.8% | 5.6% | 9.4% | 15.5% | 7.7% | 12.2% | 9.1% | 4.6% | 7.8% | 4.4% |
| Buyback Yield | 6.6% | 5.3% | 4.2% | 2.4% | 10.6% | 1.9% | 0.1% | 0.8% | 0.5% | 0.1% | 0.5% |
| Total Shareholder Yield | 11.4% | 9.1% | 6.3% | 3.9% | 11.8% | 2.6% | 0.8% | 2.2% | 1.6% | 1.3% | 2.2% |
| Shares Outstanding | — | $28M | $30M | $35M | $33M | $34M | $33M | $32M | $32M | $31M | $27M |
Peer Comparison
Compare WGO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WGOYou | $809M | 31.5 | 12.9 | 9.0 | 13.0% | 2.0% | 2.1% | 2.6% | 6.2 |
 THO | $4B | 15.0 | 7.2 | 8.3 | 12.5% | 3.1% | 6.2% | 4.8% | 1.6 |
 CWH | $493M | -5.4 | 10.7 | — | 29.5% | 2.8% | -21.0% | 4.0% | 9.7 |
 LCII | $2B | 12.1 | 8.1 | 8.0 | 23.8% | 6.8% | 13.7% | 9.1% | 3.1 |
 PII | $4B | -8.7 | 21.1 | 7.2 | 18.5% | -0.4% | -43.6% | -0.8% | 6.0 |
 HOG | $3B | 9.2 | 5.8 | 6.9 | 30.2% | 8.6% | 10.7% | 5.0% | 6.2 |
 BC | $5B | -40.2 | 30.0 | 13.7 | 24.8% | -0.7% | -7.8% | -0.8% | 9.6 |
 DOOO | $2B | -31.1 | 6.3 | 10.4 | 22.7% | 7.0% | -40.2% | 12.8% | 3.2 |
 MCFT | $379M | 54.2 | 16.8 | 14.4 | 20.0% | 4.0% | 3.8% | 4.4% | — |
 SRI | $215M | -2.1 | 20.2 | 17.6 | 19.9% | -2.0% | -48.4% | -3.7% | 11.4 |
 PATK | $3B | 22.4 | 10.1 | 11.8 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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WGO — Frequently Asked Questions
Quick answers to the most common questions about buying WGO stock.
What is Winnebago Industries, Inc.'s P/E ratio?
Winnebago Industries, Inc.'s current P/E ratio is 31.5x. The historical average is 24.4x. This places it at the 83th percentile of its historical range.
What is Winnebago Industries, Inc.'s EV/EBITDA?
Winnebago Industries, Inc.'s current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
What is Winnebago Industries, Inc.'s ROE?
Winnebago Industries, Inc.'s return on equity (ROE) is 2.1%. The historical average is 17.2%.
Is WGO stock overvalued?
Based on historical data, Winnebago Industries, Inc. is trading at a P/E of 31.5x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Winnebago Industries, Inc.'s dividend yield?
Winnebago Industries, Inc.'s current dividend yield is 4.79% with a payout ratio of 151.4%.
What are Winnebago Industries, Inc.'s profit margins?
Winnebago Industries, Inc. has 13.0% gross margin and 2.0% operating margin.
How much debt does Winnebago Industries, Inc. have?
Winnebago Industries, Inc.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.