Yeti Holdings (YETI) AI Stock Analysis

• Market Cap: $2.60B
• Dividend Yield: N/A
• Average Volume (3M): 2.60M
• Price to Earnings (P/E): 14.5
• Beta (1Y): 1.16
• Revenue Growth: 8.38%
• EPS Growth: 3.69%
• Country: US
• Employees: 1,340
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Leisure
• EPS (TTM): 0.31
• Shares Outstanding: 82,815,490
• 10 Day Avg. Volume: 1,895,508
• 30 Day Avg. Volume: 2,597,604
• PEG Ratio: -0.70
• Price to Book (P/B): 6.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 81.26
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 0.48
• Enterprise Value/Gross Profit: 3.27
• Enterprise Value/Ebitda: 3.04
• 1Y Price Target: $34.92
• Price Target Upside: 16.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15

• Rating: 75 Outperform
• Price Target: $34.00 ▲(13.33%Upside)

Yeti Holdings' strong financial performance and strategic initiatives in supply chain diversification and international expansion are significant strengths. However, technical indicators and challenges in valuation and earnings outlook, such as declining drinkware sales and tariff impacts, temper the overall score. The new board appointments are a positive development, supporting long-term strategic alignment.

Positive Factors

Brand Strength

YETI stands out due to its strong cash flow and robust brand.

International Sales

International sales remain robust, increasing by 27% excluding a 500-basis-point FX headwind.

Product Innovation

The company is focusing on growth through product innovation, new category launches, and international expansion, which may boost its market presence.

Negative Factors

Sales Decline

Sales in the U.S. decreased by 2% which will likely stoke investor concerns about increasing competition.

Supply Chain Disruptions

Supply chain diversification efforts are creating supply disruptions, expected to represent a ~300bps headwind to sales, creating supply constraints on new/existing drinkware products.

Tariff Impact

The expected net tariff-related impact includes a significant negative impact on FY25 Adj. Sales guidance and Adj. Op. margin.

Yeti Holdings Business Overview & Revenue Model

Company Description

Yeti Holdings, Inc., commonly known as YETI, is a leading designer, marketer, retailer, and distributor of premium outdoor products. Founded in 2006 and headquartered in Austin, Texas, YETI offers a wide range of products including coolers, drinkware, bags, and outdoor lifestyle gear. The company is renowned for its high-performance, innovative products that cater to outdoor enthusiasts, and it operates in both direct-to-consumer and wholesale channels, serving customers across North America and internationally.

How the Company Makes Money

YETI generates revenue primarily through the sale of its durable, high-quality outdoor products. The company's revenue model is based on both direct-to-consumer sales via its e-commerce platform and retail stores, and wholesale distribution to authorized retail partners. Key revenue streams include its range of coolers and drinkware, which are the most recognized and popular among its offerings. YETI has established a strong brand presence and leverages this through strategic marketing and brand partnerships to enhance consumer engagement. Additionally, the company benefits from seasonal demand fluctuations, particularly in warmer months, which drive sales of its cooling-related products.

Yeti Holdings Financial Statement Overview

Summary

Yeti Holdings demonstrates strong financial performance with robust revenue growth, efficient cost management, and solid profitability metrics. The company maintains a healthy balance sheet with conservative leverage and strong cash flow generation, providing financial stability and flexibility.

Income Statement

Yeti Holdings has demonstrated strong revenue growth over recent years, achieving a CAGR of approximately 13.3% from 2021 to the TTM period ending in March 2025. Gross profit margins have remained robust, consistently above 50%, indicating efficient cost management. Net profit margins have also improved, reaching around 9.6% in the TTM period, which signals enhanced profitability. The EBIT and EBITDA margins are stable at approximately 13.1% and 15.2%, respectively, showcasing operational efficiency. The company displays solid revenue growth with strong profitability metrics.

Balance Sheet

Yeti Holdings maintains a healthy balance sheet with a debt-to-equity ratio of approximately 0.24 in the TTM, suggesting conservative leverage. The equity ratio is strong at around 61.8%, indicating substantial equity financing. Return on equity (ROE) hovered around 23.1% in the TTM period, reflecting effective utilization of shareholders' equity to generate profits. The balance sheet reflects a sound financial structure with manageable debt levels and solid equity backing, but there is room for improvement in increasing return on equity.

Cash Flow

Yeti Holdings exhibits strong cash flow generation, with consistent growth in free cash flow. The free cash flow to net income ratio is approximately 1.22 in the TTM, demonstrating the company's ability to translate earnings into cash. The operating cash flow to net income ratio is robust at 1.61, underscoring efficient cash conversion from operations. Free cash flow growth has been stable, ensuring the ability to fund investments without relying heavily on external financing. The strong cash flow performance underlines financial flexibility and operational cash efficiency.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Mar 2021
Income Statement		Total Revenue
1.84B	1.83B	1.66B	1.60B	1.41B	1.09B
	Gross Profit
1.07B	1.06B	943.19M	763.40M	816.11M	628.80M
	EBIT
241.23M	245.38M	225.46M	126.36M	274.94M	214.23M
	EBITDA
278.95M	293.51M	271.89M	160.49M	303.82M	244.89M
	Net Income Common Stockholders
176.44M	175.69M	169.88M	89.69M	212.60M	155.80M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
259.04M	358.80M	438.96M	234.74M	312.19M	253.28M
	Total Assets
1.24B	1.29B	1.30B	1.08B	1.10B	737.07M
	Total Debt
183.12M	172.50M	176.11M	164.08M	186.41M	178.51M
	Net Debt
-75.93M	-186.29M	-262.85M	-70.66M	-125.78M	-74.78M
	Total Liabilities
473.60M	546.01M	573.58M	550.29M	578.54M	448.65M
	Stockholders Equity
764.26M	740.11M	723.61M	526.48M	517.82M	288.42M
Cash Flow		Free Cash Flow
215.35M	219.55M	213.12M	43.98M	80.76M	343.48M
	Operating Cash Flow
284.76M	261.39M	285.94M	100.89M	146.52M	366.43M
	Investing Cash Flow
-88.95M	-131.45M	-72.82M	-56.91M	-65.76M	-22.94M
	Financing Cash Flow
-112.87M	-209.22M	-13.60M	-122.63M	-23.02M	-163.19M

Yeti Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 30.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Negative. The current price of 30 is below the 20-day moving average (MA) of 30.99, above the 50-day MA of 29.79, and below the 200-day MA of 36.05, indicating a neutral trend. The MACD of 0.31 indicates Positive momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 34.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YETI.

Yeti Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOLF	81 Outperform	$4.23B	19.42	27.15%	1.30%	2.07%	24.87%
YETI	75 Outperform	$2.60B	14.47	25.01%	―	8.38%	3.69%
MAT	73 Outperform	$6.23B	12.11	25.50%	―	-0.73%	88.76%
Sector *	62 Neutral	$6.90B	11.05	2.80%	4.27%	2.67%	-24.92%
PRKS	62 Neutral	$2.33B	10.95	-52.57%	―	-0.92%	0.80%
JOUT	61 Neutral	$310.09M	―	-9.70%	4.35%	-7.28%	-924.86%
MODG	54 Neutral	$1.44B	―	-46.00%	―	-1.74%	-2020.38%

Yeti Holdings Corporate Events

Yeti Holdings Elects Directors at Annual Meeting

On May 1, 2025, YETI Holdings, Inc. conducted its 2025 Annual Meeting of Stockholders, where stockholders elected three Class I directors for a term ending in 2028. Additionally, stockholders approved the executive compensation and ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending January 3, 2026.

Yeti Holdings Appoints New Directors Amid Board Refresh

On March 14, 2025, YETI Holdings, Inc. entered into a Cooperation Agreement with Engaged Capital, LLC, leading to the appointment of J. Magnus Welander and Arne Arens to its Board of Directors, effective March 24, 2025. This move is part of YETI’s ongoing Board refreshment efforts aimed at aligning director experience with the company’s strategy and growth opportunities. The appointments, which increase the Board to 10 members, reflect YETI’s commitment to enhancing stockholder value and accelerating growth. Engaged Capital will adhere to standstill restrictions during the agreement’s term, and the cooperation is expected to support YETI’s expansion into new categories and markets, leveraging the extensive experience of the new directors.