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Earnings transcript
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WGO
Winnebago Industries, Inc.
$26.43
-0.53
(-1.97%)
| Exchange: | NYSE |
| Market Cap: | 747.147M |
| Shares Outstanding: | 50.986M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Auto – Recreational VehiclesView industry performance | |||||
| CEO: | Michael J. Happe | |||||
| Full Time Employees: | 5300 | |||||
| Address: |
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| Website: | https://www.winnebagoind.com |
Winnebago Industries, Inc. specializes in the production and sale of recreational vehicles (RVs) and marine products, primarily catering to the leisure travel and outdoor recreation markets. The company’s operations are divided into six distinct segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar Motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles. Winnebago offers a diverse array of non-motorized towable recreational vehicles. These units, intended to be hitched behind personal vehicles such as automobiles, pickup trucks, SUVs, or vans, serve as temporary living quarters for leisure travel. Their offerings in this category include conventional travel trailers, fifth-wheel trailers, folding camper trailers, and truck campers, marketed under the Winnebago and Grand Design brand names. Its motorhome lineup features self-propelled mobile dwellings primarily utilized as temporary residences for vacation and camping excursions, or to support dynamic, mobile lifestyles. These distinct models are marketed under the Winnebago and Newmar brands. Expanding beyond its recreational offerings, the company constructs specialized commercial vehicles tailored for applications such as law enforcement command centers, mobile medical facilities, and portable office environments. It also supplies stripped-down commercial vehicle chassis to third-party customization firms. Under its marine segment, Winnebago develops and distributes recreational powerboats, primarily through its Chris-Craft and Barletta brands. Furthermore, the enterprise undertakes original equipment manufacturing (OEM), fabricating components for both other vehicle manufacturers and various commercial applications. Distribution of its diverse product portfolio occurs primarily through an extensive network of independent dealerships spanning the United States, Canada, and global markets. Established in 1958, Winnebago Industries, Inc. is headquartered in Forest City, Iowa.
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Revenue Segmentation
WGO full analysis
Welcome to MARKETSNAP’s SWOT analysis for Winnebago Industries, a name that might already be on your radar if you’re into the RV and outdoor lifestyle space. If you’re not familiar, let me get you up to speed quickly. Winnebago Industries is a leading manufacturer of recreational vehicles, boats, and other outdoor products, operating primarily in the consumer discretionary sector. They’ve carved out a solid spot in the RV industry, a market that’s tied closely to travel trends and economic cycles.…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| WGO | Winnebago Industries, Inc. | 747.1M | 19.4 | 14.6 | 3.4% |
 MCFT | MasterCraft Boat Holdings, Inc. | 480.1M | — | 11.9 | -2.7% |
 MBUU | Malibu Boats, Inc. | 457.0M | 316 | 15.7 | 0.3% |
 LVWR | LiveWire Group, Inc. | 339.9M | — | — | -72.3% |
 MAMO | Massimo Group Common Stock | 41.5M | 10.6 | — | 11.8% |
 LCII | LCI Industries | 2.1B | 9.9 | 10.5 | 8.2% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,490,700 | 2,973,500 | 2,798,200 |
| Gross Profit | 586,100 | 433,500 | 365,100 |
| EBITDA | 351,700 | 118,100 | 94,500 |
| Operating Income | 300,700 | 100,200 | 57,200 |
| Net Income | 215,900 | 13,000 | 25,700 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,432,400 | 2,384,200 | 2,154,400 |
| Total Liabilities | 1,064,300 | 1,110,900 | 929,700 |
| Total Stockholders Equity | 1,368,100 | 1,273,300 | 1,224,700 |
| Total Debt | 634,400 | 741,800 | 39,300 |
| Cash and Cash Equivalents | 309,900 | 330,900 | 174,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 294,500 | 143,900 | 128,900 |
| Capital Expenditure | -83,200 | -45,000 | -39,400 |
| Free Cash Flow | 211,300 | 98,900 | 89,500 |
| Net Income | 215,900 | 13,000 | 25,700 |
| Net Change in Cash | 27,700 | 21,000 | -156,900 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,145,651.203 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 3,310,644.469 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 3,211,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 466,379.129 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 493,747.231 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 480,063.180 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 278,543.325 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 297,655.448 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 288,099.387 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 250,959.939 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 264,123.096 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 256,173.464 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 10.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 10.520 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 9.840 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Winnebago Industries reported robust results in the Q4 and Fiscal 2025 earnings call, with key financial metrics indicating solid revenue growth and improved profitability. Net income and operating cash flow trends from the income and cash flow statements reflect operational efficiency, supporting a stable financial foundation.
- Resilient Market Position: The earnings call highlighted WGO’s ability to navigate industry challenges through strategic focus, maintaining competitiveness within the recreational vehicle sector. Performance metrics (perf1y, perf5y) show consistent returns compared to industry averages, underscoring a strong market presence.
- Healthy Balance Sheet: Balance sheet data indicates a reasonable debt-to-equity ratio (debtToEquityRatioTTM) and sufficient liquidity with positive cash and cash equivalents. This financial stability enables WGO to fund operations and potential growth initiatives without excessive leverage.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates WGO intrinsic value between $44.85 – $49.33 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about WGO valuation
Is Winnebago Industries, Inc. (WGO) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Winnebago Industries, Inc. (WGO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is WGO a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether WGO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is WGO’s P/E ratio?
You can see WGO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for WGO?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is WGO a good long-term investment?
Whether WGO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
WGO
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Daily snapshot
-1.97
Trading Metrics:
| Open: | 26.86 | Previous Close: | 26.96 | |
| Day Low: | 26.29 | Day High: | 26.86 | |
| Year Low: | 26.27 | Year High: | 50.16 | |
| Price Avg 50: | 30.58 | Price Avg 200: | 34.98 | |
| Volume: | 1.382M | Average Volume: | 666324 |
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