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

$31.56-0.84(-0.03%)Pre-market

Market Cap

$951.18M

P/E

27.6x

P/S

0.4x

P/B

0.8x

Winnebago Industries, Inc. manufactures and sells 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 offers 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 provides 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 battery solutions; other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; and commercial vehicles as bare shells to third-party upfitters, 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: 66/100

Strongest: Cash & Earnings Quality (21/25); weakest: Profitability (10/25).

Profitability10/25

Growth16/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

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

P/E · 27.6x5y range 4.1x – 132.2x

Currently above its 17-quarter median.

P/S · 0.4x5y range 0.3x – 0.7x

Currently near its 20-quarter median.

P/B · 0.8x5y range 0.7x – 2.1x

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 $951.18M

Metrics at a Glance

as of August 2026

Revenue & Profit

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

TTM Revenue: $2.70B
Q. Revenue: $645.10M
TTM EBITDA: $126.20M
TTM Op. Income: $66.20M
Q. Op. Income: $17.60M
TTM Net Income: $34.50M
Q. Net Income: $9.70M
EPS: $0.345
Shares Out.: $28.10M

$2.70B in TTM revenue declined 3.4% YoY, reaching $645.10M last quarter. TTM EBITDA of $126.20M and TTM operating income of $66.20M show growth is flowing through to the bottom line. TTM net income of $34.50M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 12.5%
EBITDA Margin: 5.1%
Op. Margin: 2.7%
Net Margin: 1.5%

Op. margin of 2.7% is up 0.1% YoY — cost efficiency is improving. Net margin at 1.5% and gross margin of 12.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 6% — a weakening trend.

Price Ratios

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

P/E Ratio: 27.6x
P/S Ratio: 0.4x
P/B Ratio: 0.8x

At 27.6x P/E, the stock trades within typical market levels. P/S of 0.4x and P/B of 0.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 30% — a weakening trend.

Assets & Liabilities

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

Total Assets: $2.10B
Cash: $181.40M
Long-Term Debt: $443.30M
Book Value: $1.24B
D/E Ratio: 0.4
Debt/EBITDA: 13.6

With $2.10B in assets and $443.30M in long-term debt, D/E is 0.4and book value is $1.24B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 19% — an improving trend.

Cash Flow

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

Op. Cash Flow: $142.50M
TTM Free Cash Flow: $144.60M
FCF Margin: 5.3%
FCF / Net Income: 4.2

TTM FCF of $144.60M on $142.50M in operating cash flow. The FCF / Net Income ratio of 4.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 62% — a weakening trend.