Winnebago Industries (WGO) AI Stock Analysis

• Market Cap: $1.20B
• Dividend Yield: 3.42%
• Average Volume (3M): 578.16K
• Price to Earnings (P/E): 33.8
• Beta (1Y): 1.05
• Revenue Growth: 1.38%
• EPS Growth: N/A
• Country: US
• Employees: 5,700
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.38
• Shares Outstanding: 28,220,627
• 10 Day Avg. Volume: 473,396
• 30 Day Avg. Volume: 578,162
• PEG Ratio: 0.39
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 11.34
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 2.32
• Enterprise Value/Ebitda: 6.68
• 1Y Price Target: $44.83
• Price Target Upside: 2.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 2.47
• Revenue Forecast (FY): $2.91B

• Rating: 75 Outperform
• Price Target: $49.00 ▲(12.44% Upside)

Winnebago Industries' stock is supported by strong financial stability and liquidity, as well as positive technical indicators suggesting bullish momentum. The recent earnings call provided a positive outlook with increased guidance, although valuation concerns remain due to a high P/E ratio. The company's strategic initiatives and market share gains further bolster its position.

Positive Factors

Revenue Growth

The 12% revenue growth across all segments indicates strong market demand and effective pricing strategies, supporting long-term business expansion.

Product Innovation

Successful product launches enhance competitive positioning and cater to evolving consumer preferences, driving sustained market relevance.

Financial Stability

Robust cash flow growth ensures liquidity and financial flexibility, enabling strategic investments and resilience against market fluctuations.

Negative Factors

Industry Challenges

Declining RV registrations suggest potential market saturation or reduced consumer interest, posing risks to future sales growth.

Profitability Concerns

Low net profit margins indicate challenges in cost management and pricing power, potentially impacting long-term profitability.

Higher Warranty Expenses

Increased warranty expenses reflect ongoing quality assurance costs, which may affect margins and customer satisfaction over time.

Winnebago Industries Business Overview & Revenue Model

Company Description

Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names. The company also offers motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago and Newmar brand names. In addition, it offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters; and boats in the recreational powerboat industry under the Chris-Craft and Barletta brand names. Further, the company is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally. Winnebago Industries, Inc. was incorporated in 1958 and is based in Forest City, Iowa.

How the Company Makes Money

Winnebago Industries generates revenue primarily through the sale of its RVs and related products. The company's core revenue streams include the sale of motorhomes, travel trailers, and fifth-wheel trailers, each targeting distinct segments of the RV market. Additionally, Winnebago earns income from the sale of parts and accessories, as well as from service and warranty programs offered to customers. Strategic partnerships with suppliers and dealers enable the company to expand its distribution network and enhance customer reach. Factors contributing to its earnings include strong demand for recreational vehicles, particularly during peak travel seasons, and an increasing trend of outdoor recreational activities among consumers.

Winnebago Industries Financial Statement Overview

Summary

Winnebago Industries presents a mixed financial picture. The income statement shows moderate growth and profitability, while the balance sheet is strong with low leverage. The cash flow statement is particularly robust, indicating strong liquidity and cash generation. The company is well-positioned financially, but there is room for improvement in profitability and operational efficiency.

Income Statement

Winnebago Industries has shown a modest revenue growth rate of 2.76% in the TTM, indicating a recovery from previous declines. The gross profit margin is stable at 13.12%, but the net profit margin is relatively low at 1.27%, suggesting limited profitability. EBIT and EBITDA margins are also modest, reflecting operational challenges. Overall, the income statement shows moderate performance with room for improvement in profitability.

Balance Sheet

The company's balance sheet is strong with a low debt-to-equity ratio of 0.018 in the TTM, indicating low leverage and financial stability. Return on equity is modest at 2.52%, suggesting moderate efficiency in generating returns from equity. The equity ratio is healthy, reflecting a solid capital structure. Overall, the balance sheet is stable with low financial risk.

Cash Flow

Winnebago Industries has demonstrated strong cash flow performance with a significant free cash flow growth rate of 51.96% in the TTM. The operating cash flow to net income ratio is 0.59, indicating good cash generation relative to net income. The free cash flow to net income ratio is robust at 0.80, highlighting efficient cash conversion. Overall, the cash flow statement reflects strong liquidity and cash management.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.80B	2.97B	3.49B	4.96B	3.63B
Gross Profit	365.10M	433.50M	586.10M	929.34M	650.36M
EBITDA	94.50M	118.10M	351.70M	609.69M	440.70M
Net Income	25.70M	13.00M	215.90M	390.60M	281.90M
Balance Sheet
Total Assets	2.26B	2.38B	2.51B	2.48B	2.11B
Cash, Cash Equivalents and Short-Term Investments	174.00M	330.90M	309.90M	282.17M	434.56M
Total Debt	595.40M	741.80M	649.30M	598.66M	563.91M
Total Liabilities	1.04B	1.11B	1.14B	1.22B	1.06B
Stockholders Equity	1.22B	1.27B	1.37B	1.26B	1.06B
Cash Flow
Free Cash Flow	89.50M	98.90M	211.30M	312.65M	192.39M
Operating Cash Flow	128.90M	143.90M	294.50M	400.62M	237.28M
Investing Cash Flow	-34.80M	-45.90M	-170.00M	-315.67M	-33.01M
Financing Cash Flow	-251.00M	-77.00M	-96.80M	-237.34M	-62.28M

Winnebago Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WGO, the sentiment is Positive. The current price of 43.58 is above the 20-day moving average (MA) of 41.33, above the 50-day MA of 38.17, and above the 200-day MA of 34.01, indicating a bullish trend. The MACD of 1.25 indicates Positive momentum. The RSI at 63.48 is Neutral, neither overbought nor oversold. The STOCH value of 86.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WGO.

Winnebago Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCII	79 Outperform	$3.08B	17.96	12.89%	3.72%	5.74%	39.40%
WGO	75 Outperform	$1.20B	33.80	2.94%	3.42%	1.38%	―
THO	69 Neutral	$5.62B	20.42	6.75%	1.94%	1.43%	34.76%
BC	62 Neutral	$5.51B	-23.95	-12.31%	2.27%	-4.78%	-189.89%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PII	61 Neutral	$3.89B	-27.72	-12.15%	3.99%	-9.39%	-173.86%
HOG	60 Neutral	$2.47B	5.13	14.31%	3.47%	-15.99%	-6.76%

Winnebago Industries Corporate Events

Winnebago Shareholders Approve Key Governance Amendments

At its annual meeting on December 16, 2025, Winnebago Industries‘ shareholders approved amendments to the company’s 2019 Omnibus Incentive Plan and Employee Stock Purchase Plan, which included authorizing additional shares for issuance and extending the plans’ terms. Other major decisions included the reelection of directors, advisory approval of executive compensation, and the ratification of Deloitte & Touche LLP as the independent accountant for fiscal 2026, reflecting ongoing stakeholder engagement in corporate governance and operational planning.

The most recent analyst rating on (WGO) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Winnebago Industries stock, see the WGO Stock Forecast page.