Yeti Holdings (YETI)
NYSE:YETI
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Yeti Holdings
(NYSE:YETI)
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Rating:67Neutral
Price Target:
$43.00
▲(4.44% Upside)
Action:DowngradedDate:02/20/26
The score is driven primarily by a solid financial base (strong margins and low leverage) and constructive 2026 guidance with continued cash generation and buybacks. Offsetting factors are tariff-related margin pressure and near-term margin phasing risk, plus a valuation that is not cheap (24.49 P/E) and technicals that look neutral rather than strongly bullish.
Positive Factors
High Gross Margins
Sustained gross margins near 57–58% indicate durable pricing power and product differentiation in the premium outdoor category. High unit margins provide a structural buffer vs. cost inflation, enabling reinvestment in marketing, R&D and international expansion while supporting long‑term profitability.
Negative Factors
Tariff-Driven Margin Pressure
Incremental tariffs materially raise COGS and compress gross margins unless fully offset by price or mix. Given guidance assumes no tariff relief, this is a structural headwind for near‑term profitability and places ongoing pressure on pricing strategy, margin recovery timing and cost pass‑through ability.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained gross margins near 57–58% indicate durable pricing power and product differentiation in the premium outdoor category. High unit margins provide a structural buffer vs. cost inflation, enabling reinvestment in marketing, R&D and international expansion while supporting long‑term profitability.
Read all positive factors
Yeti Holdings (YETI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.98B
Dividend YieldN/A
Average Volume (3M)1.45M
Price to Earnings (P/E)21.8
Beta (1Y)1.27
Revenue Growth2.11%
EPS Growth-0.40%
CountryUS
Employees1,340
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.92
Shares Outstanding75,693,640
10 Day Avg. Volume1,600,830
30 Day Avg. Volume1,450,766
Financial Highlights & Ratios
PEG Ratio-22.61
Price to Book (P/B)5.55
Price to Sales (P/S)1.93
P/FCF Ratio17.03
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue1.58
Enterprise Value/Gross Profit2.76
Enterprise Value/Ebitda11.66
Forecast
1Y Price Target
$52.56Price Target Upside27.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)2.81
Revenue Forecast (FY)$2.00B
Yeti Holdings Business Overview & Revenue Model
Company Description
YETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It al...
How the Company Makes Money
YETI makes money primarily by selling branded products, with revenue largely generated from two core product families: (1) Coolers and Equipment (e.g., hard coolers, soft coolers, bags, cargo, and other outdoor equipment) and (2) Drinkware (e.g., ...
Yeti Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyYeti Holdings Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call highlighted solid top-line momentum, strong international expansion, robust free cash flow, active capital returns, and an active product innovation pipeline—counterbalanced by meaningful margin pressure from tariffs, higher SG&A as a percent of sales, supply constraints in select C&E subcategories, and year-over-year declines in operating profit and net income. Management provided constructive 2026 guidance with continued investment in marketing and international growth while acknowledging near-term margin phasing challenges driven by tariffs and timing of expenses.Positive Updates
Q4 Net Sales Growth
Adjusted net sales of $583,700,000 in Q4, up 5% year-over-year, representing the company's strongest quarter of 2025.
Negative Updates
Tariff-Related Margin Pressure
Gross margin faced a significant headwind: adjusted gross margin was 58.4% in Q4, down 180 basis points year-over-year, including a 310 basis point gross headwind from higher tariff costs; 2026 guidance embeds ~200 basis points incremental tariff impact and an estimated $0.35 net unfavorable EPS impact year-over-year.
Read all updates
Q4-2025 Updates
Positive
Negative
Q4 Net Sales Growth
Adjusted net sales of $583,700,000 in Q4, up 5% year-over-year, representing the company's strongest quarter of 2025.
Read all positive updates
Company Guidance
YETI’s 2026 guidance calls for full-year net sales growth of 6%–8% with relatively consistent quarterly phasing; by category, Coolers & Equipment is expected to grow high single‑digit to low double‑digit (slightly stronger in H1) and Drinkware mid single‑digit (slightly stronger in H2); by channel wholesale is expected to grow slightly faster than DTC; geographically international is guided to high‑teens to 20% growth while the U.S. is expected to be low‑ to mid‑single digit. They expect gross margin of 56%–57% (midpoint 56.5%, ~90 bps decline YoY at midpoint) which embeds roughly 200 bps of incremental tariff cost in 2026 (tariffs add ≈$80M to COGS vs 2024, ~430 bps), with H1 gross margins down ~300 bps YoY and Q1 the weakest and a YoY expansion expected in H2; adjusted SG&A growth of 3%–7% (about 200 bps of deleverage in H1) results in an adjusted operating margin target of ~14.4% (flat vs. 2025) and adjusted operating income growth of 6%–8%, with H1 operating margins down ~500 bps offset by ~400 bps in H2. Additional guide items: effective tax rate ≈24%; diluted shares ≈76.6M (vs. 81.6M in 2025 after $298M buybacks) with $100M of planned repurchases in 2026; adjusted EPS $2.77–$2.83 (+12%–14%, including a ~$0.35 net tariff headwind vs. 2025); capex $60M–$70M; and free cash flow $200M–$225M (fourth consecutive year >$200M), with the $100M buyback ≈50% of FCF.Yeti Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.87B | 1.83B | 1.66B | 1.60B | 1.41B |
| Gross Profit | 1.07B | 1.06B | 943.19M | 763.40M | 816.11M |
| EBITDA | 274.96M | 293.51M | 273.32M | 160.49M | 307.01M |
| Net Income | 165.39M | 175.69M | 169.88M | 89.69M | 212.60M |
Balance Sheet | |||||
| Total Assets | 1.30B | 1.29B | 1.30B | 1.08B | 1.10B |
| Cash, Cash Equivalents and Short-Term Investments | 188.34M | 358.80M | 438.96M | 234.74M | 312.19M |
| Total Debt | 228.46M | 172.50M | 176.11M | 164.08M | 186.41M |
| Total Liabilities | 649.81M | 546.01M | 573.58M | 550.29M | 578.54M |
| Stockholders Equity | 650.28M | 740.11M | 723.61M | 526.48M | 517.82M |
Cash Flow | |||||
| Free Cash Flow | 212.07M | 219.55M | 213.12M | 43.98M | 80.76M |
| Operating Cash Flow | 254.74M | 261.39M | 285.94M | 100.89M | 146.52M |
| Investing Cash Flow | -101.84M | -131.45M | -72.82M | -56.91M | -65.76M |
| Financing Cash Flow | -321.39M | -209.22M | -13.60M | -122.63M | -23.02M |
Yeti Holdings Technical Analysis
Positive
41.17
Price Trends
40.75
Positive
43.06
Negative
39.01
Positive
Market Momentum
-0.21
Negative
61.62
Neutral
77.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Positive. The current price of 41.17 is above the 20-day moving average (MA) of 37.17, above the 50-day MA of 40.75, and above the 200-day MA of 39.01, indicating a bullish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 61.62 is Neutral, neither overbought nor oversold. The STOCH value of 77.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for YETI.
Yeti Holdings Risk Analysis
Yeti Holdings disclosed 49 risk factors in its most recent earnings report. Yeti Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Yeti Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.42B | 29.88 | 13.18% | 0.79% | 7.37% | -1.11% | |
69 Neutral | $544.06M | -33.91 | -5.18% | 3.22% | 11.36% | 51.01% | |
67 Neutral | $2.98B | 21.84 | 22.66% | ― | 2.11% | -0.40% | |
63 Neutral | $5.67B | 25.34 | 23.39% | 1.15% | 4.14% | -7.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $1.67B | 11.77 | -41.63% | ― | -3.64% | -21.15% |
* Consumer Cyclical Sector Average
YETI
Yeti Holdings
39.42
10.87
38.07%
GOLF
Acushnet Holdings
97.32
31.88
48.72%
JOUT
Johnson Outdoors
53.07
30.96
139.97%
PRKS
United Parks & Resorts
34.36
-9.29
-21.28%
OSW
OneSpaWorld Holdings
23.75
7.20
43.48%
Yeti Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
YETI Holdings Names New Chief Financial Officer
Positive
Feb 19, 2026
On February 19, 2026, YETI Holdings, Inc. announced a chief financial officer transition, appointing veteran retail and finance executive Scott Bomar as senior vice president, CFO and treasurer, effective February 23, 2026, with responsibility als...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.