Filing Flows › Yeti Holdings (YETI) › Q4 2024
Yeti Holdings (YETI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 24, 2025
Yeti Holdings (YETI) reported revenue of $547M for the fourth quarter 2024 (Q4 2024), +5% from a year earlier and +14% from the quarter before. Operating margin was 15.1%, net earnings $53.2M (9.7% of revenue).
Yeti Holdings, Q4 2024: revenue $547M (+5% year over year), operating margin 15.1%, net earnings $53.2M, operating cash flow $226M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $547M | +14% | +5% |
| Gross profit | $326M | +18% | +4% |
| Operating profit | $82.5M | +18% | -16% |
| Net earnings | $53.2M | -6% | -32% |
| Operating cash flow | $226M | +170% | +32% |
| Free cash flow | $215M | +191% | +35% |
What changed
Revenue was $546.5M in Q4 2024, up 5% year over year and up 14% from the previous quarter. Drinkware was the largest line at 66% of revenue.
Gross margin was 59.7%, down 0.9 points from a year earlier. Operating profit was $82.5M, a 15.1% margin (down 3.8 points year over year). Operating profit fell $15.6M even though revenue rose $26.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 5%. Net earnings were $53.2M, down 32% year over year. The effective tax rate was 23.1%.
Operating cash flow was $225.6M (up 32% year over year), 424% of net earnings. Non-cash charges added back $12.5M of depreciation and amortization and $14.7M of share-based compensation. Working capital and other items added $145.2M. Capital expenditures of $10.5M left free cash flow of $215.1M.
Questions
What was Yeti Holdings' revenue in the fourth quarter 2024?
Yeti Holdings (YETI) reported revenue of $547M for the fourth quarter 2024 (Q4 2024), +5% from a year earlier and +14% from the quarter before.
Was Yeti Holdings profitable in the fourth quarter 2024?
Operating profit was $82.5M (15.1% of revenue) and net earnings $53.2M.
Source: Yeti Holdings 10-K on SEC EDGAR.