WGOWINNEBAGO INDUSTRIES INC
Motor Homes
- Revenue
- $2.7B
- 3.4% YoY
- Operating margin
- 2.4%
- 20% YoY
- EBITDA
- $126M
- 7.1% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.1×
- $262M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear489% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear23% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.0B | $3.5B | $3.0B | $2.8B | $2.7B | 3.4% |
| Operating income | $584M | $301M | $100M | $57M | $66M | 16% |
| Net income | $391M | $216M | $13M | $26M | $35M | 34% |
| Operating cash flow | $401M | $295M | $144M | $129M | $169M | 31% |
| Capex | $88M | $83M | $45M | $39M | $24M | 39% |
| Stock-based comp | $17M | $11M | $15M | $16M | $17M | 7.0% |
| Buybacks | $214M | $55M | $75M | $54M | $2M | 97% |
| Dividends | $24M | $33M | $37M | $39M | $40M | 2.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $9M | $6M | 47 | 65 |
| FY2025 | $9M | $1M | 68 | 94 |
| FY2024 | $7M | $4M | 108 | 109 |
| FY2023 | $7M | $4M | 113 | 114 |
| FY2022 | $7M | $6M | 107 | 115 |