Filing Flows

Filing Flows › Consumer Discretionary › Winnebago Industries (WGO)

Winnebago Industries (WGO) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Oct 21, 2026 · Winnebago Industries (WGO) Q4 FY26 earnings results →

Q4 FY26 Revenue down 17% year over year to $645M · 2¢ of every $1 of revenue kept as net profit · operating margin 2.7%

Winnebago Industries made $645M in Q4 FY26 (-17% Y/Y). Operating margin 2.7%, net earnings $9.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Oct 21, 2026.

Revenue$645M
Year over year-17%
Operating margin2.7%
Net earnings$9.7M
Operating cash flow$142M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $645.1M in Q4 FY26, down 17% year over year and down 8% from the previous quarter.

Gross margin was 12.5%, down 0.3 points from Q4 FY25. Operating profit was $17.6M, a 2.7% margin (up 0.1 points year over year). Operating expenses fell 20% while revenue fell 17%. Net earnings were $9.7M, down 29% year over year. The effective tax rate was 23.0%.

Operating cash flow was $142.5M (down 21% year over year), 1469% of net earnings. Non-cash charges added back $15.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $116.7M. Capital expenditures of $7.3M left free cash flow of $135.2M.

Quarterly history

Winnebago Industries revenue by quarterWinnebago Industries revenue by quarter$620MQ2 FY25$775MQ3 FY25$777MQ4 FY25$703MQ1 FY26$657MQ2 FY26$699MQ3 FY26$645MQ4 FY26
Winnebago Industries net earnings by quarterWinnebago Industries net earnings by quarter−$400KQ2 FY25$17.6MQ3 FY25$13.7MQ4 FY25$5.5MQ1 FY26$4.8MQ2 FY26$14.5MQ3 FY26$9.7MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KOct 21, 2026$645M-17%2.7%$9.7M$142M
Q3 FY2610-QJun 25, 2026$699M-10%3.3%$14.5M$25.6M
Q2 FY2610-QMar 25, 2026$657M+6%1.8%$4.8M−$24.8M
Q1 FY2610-QDec 19, 2025$703M+12%2.0%$5.5M$25.4M
Q4 FY2510-KOct 22, 2025$777M+8%2.6%$13.7M$181M
Q3 FY2510-QJun 25, 2025$775M-1%3.9%$17.6M−$25.3M
Q2 FY2510-QMar 27, 2025$620M-12%1.3%−$400K−$10.5M

Charts

Winnebago Industries: revenue growth, year over year and quarter over quarterWinnebago Industries: revenue growth, year over year and quarter over quarterY/YQ/Q-12%Q2 FY25-1%+25%Q3 FY25+8%+0%Q4 FY25+12%-10%Q1 FY26+6%-6%Q2 FY26-10%+6%Q3 FY26-17%-8%Q4 FY26
Latest (Q4 FY26): Y/Y -17%, Q/Q -8%.
Winnebago Industries: where the cash came from (+) and went (−), FY26Winnebago Industries: where the cash came from (+) and went (−), FY26Operating cash flow$169MNet borrowing (+) / repaid (−)−$102MDividends−$39.9MCapital spending−$24.1MCash drawn (+) / kept (−)−$7.4MAsset & business sales$5.6MBuybacks−$1.7MOther financing$600K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Winnebago Industries: profit against cash, quarter by quarterWinnebago Industries: profit against cash, quarter by quarterNet incomeOperating cash flow−$5.2M−$16.7MQ1 FY25−$400K−$10.5MQ2 FY25$17.6M−$25.3MQ3 FY25$13.7M$181MQ4 FY25$5.5M$25.4MQ1 FY26$4.8M−$24.8MQ2 FY26$14.5M$25.6MQ3 FY26$9.7M$142MQ4 FY26
Latest (Q4 FY26): Net income $9.7M, Operating cash flow $142M.
Winnebago Industries: diluted shares by fiscal yearWinnebago Industries: diluted shares by fiscal year34MFY2133MFY2235MFY2330MFY2428MFY2528MFY26
-16.7% since FY21: buybacks shrank the count.
Winnebago Industries: long-term debt falling due (FY26)Winnebago Industries: long-term debt falling due (FY26)$100M2028$350M2030
Cash $181M, short-term investments —, long-term debt $443M at 2026-08-29.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Buys from

About Winnebago Industries

The use of the terms "Winnebago Industries," "Winnebago," "we," "our," and "us" in this Annual Report on Form 10-K, unless the context otherwise requires, refer to Winnebago Industries, Inc. and its wholly-owned subsidiaries. Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. We also design and manufacture advanced battery solutions that deliver “house power,” supporting internal electrical features and appliances for a variety of outdoor products including RVs, boats, specialty and other low-speed vehicles, as well as other industrial applications. Other products manufactured by us consist primarily of original equipment manufacturing parts for other manufacturers and commercial vehicles.

In its own words, from its 10-K, filed Oct 21, 2026.

Winnebago Industries against its Motor Homes peers

The largest companies of the same SEC industry, each at its latest quarter.

CompanyQuarterRevenueY/YOp. margin
WGO Winnebago IndustriesQ4 FY26$645M-17%2.7%
THO Thor IndustriesQ4 FY26$2.3B-8%2.2%

Source: Winnebago Industries 10-K on SEC EDGAR · CIK 107687 · Motor Homes

Guidance and outlook

Winnebago Industries Revenue: guidance against what was reportedWinnebago Industries Revenue: guidance against what was reportedguided rangereported (above / within / below)FY26$2.7B
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns WGO and who is buying

Largest holders of WGO (13F)Largest holders of WGO (13F)BlackRock$152MVanguard Group$80.6MMaple Rock Capital Partners$48.7MPzena Investment Management LLC$44.5MVanguard Capital Management LLC$37.4MState Street$34.7MDimensional Fund Advisors LP$32.9MCooke & Bieler LP$27.4MCapital World Investors$27.3MCharles Schwab Investment Managem…$22.8M
Funds' net buying of WGO by quarter (13F)Funds' net buying of WGO by quarter (13F)−$34.9M2024-09−$15.3M2024-12$27.8M2025-03−$32.5M2025-06−$21.2M2025-09−$4.7M2025-12$22.6M2026-03$22.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on WGO

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

Compare WGO with

中文版：Winnebago Industries（WGO）财报

Español · Français