Wolverine World Financials
This page shows Wolverine World (WWW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Wolverine’s rebound comes from a smaller but cleaner business, where margin expansion and working-capital discipline matter more than regained scale.
The cash turnaround started before the earnings turnaround: inventory was cut from$745.2M in FY2022 to$373.6M in FY2023, which helped produce positive operating cash flow even while reported profit stayed negative. By FY2026, that earlier cleanup shows up as a stronger operating model, with gross margin at47.3% and debt-to-equity down to 1.3x.
FY2026 revenue was
The business looks low in capital intensity: FY2026 free cash flow was
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Wolverine World's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wolverine World has an operating margin of 8.0%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from 5.6% the prior year.
Wolverine World's revenue grew 6.8% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 19/100.
Wolverine World carries a low D/E ratio of 1.34, meaning only $1.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
Wolverine World's current ratio of 1.40 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Wolverine World has a free cash flow margin of 6.7%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Wolverine World's ROE of 23.5% shows moderate profitability relative to equity, earning a score of 41/100. This is up from 14.4% the prior year.
Wolverine World scores 2.94, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Wolverine World passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Wolverine World generates $1.46 in operating cash flow ($140.0M OCF vs $95.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wolverine World earns $4.6 in operating income for every $1 of interest expense ($150.2M vs $32.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Wolverine World generated $1.9B in revenue in fiscal year 2026. This represents an increase of 6.8% from the prior year.
Wolverine World's EBITDA was $176.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.4% from the prior year.
Wolverine World reported $95.8M in net income in fiscal year 2026. This represents an increase of 111.9% from the prior year.
Wolverine World earned $1.14 per diluted share (EPS) in fiscal year 2026. This represents an increase of 107.3% from the prior year.
Cash & Balance Sheet
Wolverine World generated $125.5M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 21.5% from the prior year.
Wolverine World held $206.3M in cash against $546.7M in long-term debt as of fiscal year 2026.
Wolverine World paid $0.40 per share in dividends in fiscal year 2026. This represents an increase of 0.0% from the prior year.
Wolverine World had 81M shares outstanding in fiscal year 2026. This represents an increase of 1.2% from the prior year.
Margins & Returns
Wolverine World's gross margin was 47.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 3.0 percentage points from the prior year.
Wolverine World's operating margin was 8.0% in fiscal year 2026, reflecting core business profitability. This is up 2.5 percentage points from the prior year.
Wolverine World's net profit margin was 5.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 2.5 percentage points from the prior year.
Wolverine World's ROE was 23.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 9.0 percentage points from the prior year.
Capital Allocation
Wolverine World spent $14.5M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
Wolverine World invested $14.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 28.2% from the prior year.
WWW Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $517.5M+10.0% | $470.3M-0.8% | $474.2M+15.0% | $412.3M-16.7% | $494.7M+12.4% | $440.2M+3.5% | $425.2M+7.7% | $394.9M |
| Cost of Revenue | $274.1M+10.9% | $247.1M-1.2% | $250.2M+15.7% | $216.2M-22.5% | $279.0M+15.5% | $241.5M-0.4% | $242.5M+13.3% | $214.0M |
| Gross Profit | $244.7M+9.6% | $223.2M-0.4% | $224.0M+15.0% | $194.8M-9.3% | $214.7M+8.1% | $198.7M+8.5% | $183.2M+1.0% | $181.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $192.4M+5.1% | $183.1M+0.4% | $182.4M+6.0% | $172.0M-1.9% | $175.4M+2.5% | $171.2M+2.8% | $166.6M-5.8% | $176.8M |
| Operating Income | $50.2M+26.8% | $39.6M-2.7% | $40.7M+106.6% | $19.7M-46.5% | $36.8M+6.1% | $34.7M+19.2% | $29.1M+1038.7% | -$3.1M |
| Interest Expense | -$8.2M-1.2% | -$8.1M+4.7% | -$8.5M-6.3% | -$8.0M+13.0% | -$9.2M+4.2% | -$9.6M+19.3% | -$11.9M+0.8% | -$12.0M |
| Income Tax | $7.8M+14.7% | $6.8M+47.8% | $4.6M+253.8% | $1.3M-51.9% | $2.7M-46.0% | $5.0M+117.4% | $2.3M+428.6% | -$700K |
| Net Income | $31.8M+26.7% | $25.1M-6.3% | $26.8M+121.5% | $12.1M-47.6% | $23.1M-0.4% | $23.2M+68.1% | $13.8M+192.6% | -$14.9M |
| EPS (Diluted) | N/A | $0.30-6.3% | $0.32+113.3% | $0.15 | N/A | $0.28+64.7% | $0.17+189.5% | $-0.19 |
WWW Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+0.2% | $1.7B-5.6% | $1.8B+7.4% | $1.7B+0.6% | $1.7B-5.2% | $1.8B-1.7% | $1.8B-3.1% | $1.9B |
| Current Assets | $729.4M+1.8% | $716.8M-10.5% | $801.2M+15.7% | $692.4M-0.5% | $695.7M-9.8% | $771.5M-2.4% | $790.8M-4.2% | $825.9M |
| Cash & Equivalents | $206.3M+54.1% | $133.9M-5.0% | $141.0M+32.4% | $106.5M-30.0% | $152.1M+8.5% | $140.2M-5.5% | $148.3M-12.6% | $169.7M |
| Inventory | $274.2M-6.3% | $292.5M-7.4% | $316.0M+16.7% | $270.7M+9.2% | $247.8M-15.9% | $294.7M-0.8% | $297.1M-16.1% | $354.3M |
| Accounts Receivable | $162.1M-23.1% | $210.8M-17.5% | $255.4M+6.8% | $239.2M+14.2% | $209.4M-14.3% | $244.4M-10.2% | $272.2M+17.7% | $231.2M |
| Goodwill | $431.3M+0.1% | $430.7M-0.4% | $432.6M+1.3% | $427.1M+0.6% | $424.6M-1.4% | $430.5M+1.1% | $425.8M0.0% | $426.0M |
| Total Liabilities | $1.3B-2.2% | $1.3B-9.2% | $1.5B+6.6% | $1.4B+0.9% | $1.4B-7.4% | $1.5B-4.1% | $1.5B-4.1% | $1.6B |
| Current Liabilities | $521.1M-2.4% | $533.8M-17.5% | $646.8M+17.4% | $551.1M+3.4% | $533.1M-13.8% | $618.6M-7.1% | $665.6M-8.9% | $730.3M |
| Long-Term Debt | $546.7M+0.1% | $546.4M-3.0% | $563.5M-0.4% | $565.8M-0.4% | $568.0M0.0% | $567.8M-2.1% | $579.7M-0.4% | $581.9M |
| Total Equity | $408.0M+8.3% | $376.7M+9.5% | $344.0M+10.8% | $310.6M-0.7% | $312.9M+6.0% | $295.2M+12.6% | $262.1M+3.8% | $252.5M |
| Retained Earnings | $917.2M+2.6% | $893.9M+2.7% | $870.7M+2.2% | $851.9M-0.4% | $855.1M+1.8% | $840.1M+2.7% | $817.9M+0.7% | $812.0M |
WWW Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $146.2M+343.0% | $33.0M-26.0% | $44.6M+153.2% | -$83.8M-201.7% | $82.4M-23.8% | $108.2M+305.2% | $26.7M+171.8% | -$37.2M |
| Capital Expenditures | $600K-79.3% | $2.9M-14.7% | $3.4M-55.3% | $7.6M-5.0% | $8.0M+95.1% | $4.1M+36.7% | $3.0M-41.2% | $5.1M |
| Free Cash Flow | $145.6M+383.7% | $30.1M-26.9% | $41.2M+145.1% | -$91.4M-222.8% | $74.4M-28.5% | $104.1M+339.2% | $23.7M+156.0% | -$42.3M |
| Investing Cash Flow | -$1.0M0.0% | -$1.0M+75.0% | -$4.0M+49.4% | -$7.9M+4.8% | -$8.3M-259.6% | $5.2M+15.6% | $4.5M-94.7% | $85.4M |
| Financing Cash Flow | -$79.4M-136.3% | -$33.6M-197.3% | -$11.3M-124.2% | $46.6M+176.9% | -$60.6M+49.9% | -$121.0M-138.7% | -$50.7M+24.2% | -$66.9M |
| Dividends Paid | $8.3M0.0% | $8.3M+1.2% | $8.2M-3.5% | $8.5M+4.9% | $8.1M-1.2% | $8.2M+1.2% | $8.1M0.0% | $8.1M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WWW Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.3%-0.2pp | 47.5%+0.2pp | 47.2%0.0pp | 47.3%+3.8pp | 43.4%-1.7pp | 45.1%+2.1pp | 43.1%-2.8pp | 45.9% |
| Operating Margin | 9.7%+1.3pp | 8.4%-0.2pp | 8.6%+3.8pp | 4.8%-2.7pp | 7.4%-0.4pp | 7.9%+1.0pp | 6.8%+7.6pp | -0.8% |
| Net Margin | 6.1%+0.8pp | 5.3%-0.3pp | 5.7%+2.7pp | 2.9%-1.7pp | 4.7%-0.6pp | 5.3%+2.0pp | 3.3%+7.0pp | -3.8% |
| Return on Equity | 7.8%+1.1pp | 6.7%-1.1pp | 7.8%+3.9pp | 3.9%-3.5pp | 7.4%-0.5pp | 7.9%+2.6pp | 5.3%+11.2pp | -5.9% |
| Return on Assets | 1.9%+0.4pp | 1.5%-0.0pp | 1.5%+0.8pp | 0.7%-0.7pp | 1.4%+0.1pp | 1.3%+0.5pp | 0.8%+1.6pp | -0.8% |
| Current Ratio | 1.40+0.1 | 1.34+0.1 | 1.24-0.0 | 1.26-0.0 | 1.30+0.1 | 1.25+0.1 | 1.19+0.1 | 1.13 |
| Debt-to-Equity | 1.34-0.1 | 1.45-0.2 | 1.64-0.2 | 1.820.0 | 1.82-0.1 | 1.92-0.3 | 2.21-0.1 | 2.30 |
| FCF Margin | 28.1%+21.7pp | 6.4%-2.3pp | 8.7%+30.9pp | -22.2%-37.2pp | 15.0%-8.6pp | 23.6%+18.1pp | 5.6%+16.3pp | -10.7% |
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Frequently Asked Questions
What is Wolverine World's annual revenue?
Wolverine World (WWW) reported $1.9B in total revenue for fiscal year 2026. This represents a 6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wolverine World's revenue growing?
Wolverine World (WWW) revenue grew by 6.8% year-over-year, from $1.8B to $1.9B in fiscal year 2026.
Is Wolverine World profitable?
Yes, Wolverine World (WWW) reported a net income of $95.8M in fiscal year 2026, with a net profit margin of 5.1%.
What is Wolverine World's EBITDA?
Wolverine World (WWW) had EBITDA of $176.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wolverine World have?
As of fiscal year 2026, Wolverine World (WWW) had $206.3M in cash and equivalents against $546.7M in long-term debt.
What is Wolverine World's gross margin?
Wolverine World (WWW) had a gross margin of 47.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wolverine World's operating margin?
Wolverine World (WWW) had an operating margin of 8.0% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Wolverine World's net profit margin?
Wolverine World (WWW) had a net profit margin of 5.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Wolverine World pay dividends?
Yes, Wolverine World (WWW) paid $0.40 per share in dividends during fiscal year 2026.
What is Wolverine World's return on equity (ROE)?
Wolverine World (WWW) has a return on equity of 23.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Wolverine World's free cash flow?
Wolverine World (WWW) generated $125.5M in free cash flow during fiscal year 2026. This represents a -21.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wolverine World's operating cash flow?
Wolverine World (WWW) generated $140.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Wolverine World's total assets?
Wolverine World (WWW) had $1.7B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Wolverine World's capital expenditures?
Wolverine World (WWW) invested $14.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Wolverine World's current ratio?
Wolverine World (WWW) had a current ratio of 1.40 as of fiscal year 2026, which is considered adequate.
What is Wolverine World's debt-to-equity ratio?
Wolverine World (WWW) had a debt-to-equity ratio of 1.34 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wolverine World's return on assets (ROA)?
Wolverine World (WWW) had a return on assets of 5.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Wolverine World's Altman Z-Score?
Wolverine World (WWW) has an Altman Z-Score of 2.94, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wolverine World's Piotroski F-Score?
Wolverine World (WWW) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wolverine World's earnings high quality?
Wolverine World (WWW) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wolverine World cover its interest payments?
Wolverine World (WWW) has an interest coverage ratio of 4.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wolverine World?
Wolverine World (WWW) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.