Winnebago Industries (WGO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Winnebago Industries

NYSE•Consumer Cyclical•Recreational Vehicles

$28.25+0.06(<0.01%)Market closed

Market Cap

$747.97M

P/E

19.4x

P/S

0.3x

P/B

0.6x

Winnebago Industries, Inc. manufactures and sells recreation outdoor lifestyle products primarily for use in leisure travel and outdoor recreation activities. It operates through three segments: Towable RV, Motorhome RV, and Marine. The company provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters, such as conventional travel trailers, fifth wheels, folding camper trailers, truck campers, and park models under the Winnebago and Grand Design brand names. It also offers motorhome RV, a self-propelled mobile dwelling used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago, Newmar, and Grand Design brand names. In addition, the company 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, as well as manufactures and sells recreational boats under the Chris-Craft and Barletta brand names. Further, it 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 Eden Prairie, Minnesota.

How this company scores

GoodMetricSide Score: 69/100

Strongest: Balance Sheet & Red Flags (19/25); weakest: Profitability (13/25).

Profitability13/25

Growth18/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality19/25

Strengths

Rising earningsLow leverageCash-backed earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 19.4x5y range 4.1x – 132.2x

Currently above its 17-quarter median.

P/S · 0.3x5y range 0.3x – 0.7x

Currently below its 20-quarter median.

P/B · 0.6x5y range 0.6x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $747.97M

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.84B
Q. Revenue: $698.70M
TTM EBITDA: $145.60M
TTM Op. Income: $68.70M
Q. Op. Income: $23.00M
TTM Net Income: $38.50M
Q. Net Income: $14.50M
EPS: $0.51
Shares Out.: $28.30M

$2.84B in TTM revenue grew 3.4% YoY, reaching $698.70M last quarter. TTM EBITDA of $145.60M and TTM operating income of $68.70M show growth is flowing through to the bottom line. TTM net income of $38.50M means revenue is converting into profit. Over the past year, TTM revenue is up 3% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 13.6%
EBITDA Margin: 5.4%
Op. Margin: 3.3%
Net Margin: 2.1%

Op. margin of 3.3% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 2.1% and gross margin of 13.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 16% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 19.4x
P/S Ratio: 0.3x
P/B Ratio: 0.6x

At 19.4x P/E, the stock trades within typical market levels. P/S of 0.3x and P/B of 0.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 5 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.04B
Cash: $57.10M
Long-Term Debt: $442.90M
Book Value: $1.23B
D/E Ratio: 0.4
Debt/EBITDA: 11.7

With $2.04B in assets and $442.90M in long-term debt, D/E is 0.4and book value is $1.23B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 19% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $25.60M
TTM Free Cash Flow: $180.60M
FCF Margin: 6.4%
FCF / Net Income: 4.7

TTM FCF of $180.60M on $25.60M in operating cash flow. The FCF / Net Income ratio of 4.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 446% — an improving trend.