Filing Flows › Wolverine World Wide (WWW) › Q3 2025
Wolverine World Wide (WWW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Wolverine World Wide (WWW) reported revenue of $470M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -0.8% from the quarter before. Operating margin was 8.4%, net earnings $25.1M (5.3% of revenue).
Wolverine World Wide, Q3 2025: revenue $470M (+7% year over year), operating margin 8.4%, net earnings $25.1M, operating cash flow $33.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $470M | -0.8% | +7% |
| Gross profit | $223M | -0.4% | +12% |
| Operating profit | $39.6M | -3% | +14% |
| Net earnings | $25.1M | -6% | +8% |
| Operating cash flow | $33.0M | -26% | -70% |
| Free cash flow | $30.1M | -27% | -71% |
What changed
Revenue was $470.3M in Q3 2025, up 7% year over year and down 1% from the previous quarter. Active Group was the largest line at 75% of revenue. Active Group added $34.1M year over year (up 11%), 113% of the total change. Other declined 6%.
Gross margin was 47.5%, up 2.3 points from a year earlier. Operating profit was $39.6M, a 8.4% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 8% margin then. Operating expenses grew 12% against revenue growth of 7%. Net earnings were $25.1M, up 8% year over year. The effective tax rate was 20.5%.
Operating cash flow was $33.0M (down 70% year over year), 125% of net income including minority interests. Non-cash charges added back $7.8M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $6.9M. Capital expenditures of $2.9M left free cash flow of $30.1M.
Questions
What was Wolverine World Wide's revenue in the third quarter 2025?
Wolverine World Wide (WWW) reported revenue of $470M for the third quarter 2025 (Q3 2025), +7% from a year earlier and -0.8% from the quarter before.
Was Wolverine World Wide profitable in the third quarter 2025?
Operating profit was $39.6M (8.4% of revenue) and net earnings $25.1M.