Yeti Holdings Financials
This page shows Yeti Holdings (YETI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
High cash conversion lets this low-debt balance sheet fund heavy buybacks even as operating margins soften.
Cash generation is outrunning reported profit: over the last three reported years, free cash flow exceeded net income, which helped fund$498M of buybacks without moving the balance sheet away from roughly 0.1x debt-to-equity. The result is a company shrinking share count with internally generated cash while keeping financial risk broadly stable.
Gross margin held near the high-
Inventory intensity eased, with inventory falling from
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 Yeti Holdings'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.
Yeti Holdings has an operating margin of 11.4%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is down from 13.4% the prior year.
Yeti Holdings's revenue grew a modest 2.1% year-over-year to $1.9B. This slow but positive growth earns a score of 44/100.
Yeti Holdings carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Yeti Holdings's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
Yeti Holdings has a free cash flow margin of 11.3%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
Yeti Holdings earns a strong 25.1% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 23.7% the prior year.
Yeti Holdings scores 6.66, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Yeti Holdings passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Yeti Holdings generates $1.54 in operating cash flow ($254.7M OCF vs $165.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Yeti Holdings generated $1.9B in revenue in fiscal year 2026. This represents an increase of 2.1% from the prior year.
Yeti Holdings's EBITDA was $267.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.8% from the prior year.
Yeti Holdings reported $165.4M in net income in fiscal year 2026. This represents a decrease of 5.9% from the prior year.
Yeti Holdings earned $2.03 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 1.0% from the prior year.
Cash & Balance Sheet
Yeti Holdings generated $212.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 3.4% from the prior year.
Yeti Holdings held $127.8M in cash against $67.4M in long-term debt as of fiscal year 2026.
Yeti Holdings had 76M shares outstanding in fiscal year 2026. This represents a decrease of 8.7% from the prior year.
Margins & Returns
Yeti Holdings's gross margin was 57.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Yeti Holdings's operating margin was 11.4% in fiscal year 2026, reflecting core business profitability. This is down 2.0 percentage points from the prior year.
Yeti Holdings's net profit margin was 8.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.
Yeti Holdings's ROE was 25.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the prior year.
Capital Allocation
Yeti Holdings invested $25.2M in research and development in fiscal year 2026. This represents an increase of 19.4% from the prior year.
Yeti Holdings spent $297.8M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.9% from the prior year.
Yeti Holdings invested $42.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 2.0% from the prior year.
YETI Income Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $380.4M-34.8% | $583.7M+19.7% | $487.8M+9.4% | $445.9M+27.0% | $351.1M-35.8% | $546.5M+14.2% | $478.4M+3.2% | $463.5M |
| Cost of Revenue | $170.2M-29.9% | $242.8M+12.8% | $215.2M+14.3% | $188.3M+26.0% | $149.4M-32.1% | $220.1M+9.7% | $200.7M+0.8% | $199.2M |
| Gross Profit | $210.2M-38.3% | $340.9M+25.1% | $272.5M+5.8% | $257.6M+27.7% | $201.7M-38.2% | $326.4M+17.5% | $277.7M+5.1% | $264.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $197.8M-25.5% | $265.4M+21.6% | $218.2M+11.6% | $195.5M+8.6% | $180.1M-26.2% | $243.9M+17.2% | $208.1M+5.7% | $196.9M |
| Operating Income | $12.4M-83.5% | $75.5M+38.9% | $54.4M-12.4% | $62.0M+186.2% | $21.7M-73.7% | $82.5M+18.5% | $69.6M+3.3% | $67.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.4M-86.0% | $17.5M+27.7% | $13.7M-19.1% | $16.9M+151.1% | $6.7M-57.8% | $16.0M-10.2% | $17.8M+5.5% | $16.9M |
| Net Income | $9.9M-83.1% | $58.2M+47.8% | $39.4M-23.0% | $51.2M+208.0% | $16.6M-68.8% | $53.2M-5.6% | $56.3M+11.7% | $50.4M |
| EPS (Diluted) | $0.13 | N/A | $0.48-21.3% | $0.61+205.0% | $0.20 | N/A | $0.66+11.9% | $0.59 |
YETI Balance Sheet
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-1.4% | $1.2B-2.0% | $1.3B-3.3% | $1.3B+5.3% | $1.2B-3.8% | $1.3B+1.0% | $1.3B+3.3% | $1.2B |
| Current Assets | $642.3M-2.7% | $660.3M-5.2% | $696.7M-15.9% | $828.2M+7.9% | $767.2M-7.2% | $826.8M-2.3% | $846.3M+4.8% | $807.2M |
| Cash & Equivalents | $127.8M-32.1% | $188.3M+14.5% | $164.5M-39.0% | $269.7M+4.1% | $259.0M-27.8% | $358.8M+27.9% | $280.5M+31.7% | $212.9M |
| Inventory | $318.4M+9.5% | $290.6M-10.3% | $324.0M-5.3% | $342.1M+3.5% | $330.5M+6.6% | $310.1M-16.3% | $370.2M-2.1% | $378.3M |
| Accounts Receivable | $136.0M-3.8% | $141.4M-10.2% | $157.4M-3.8% | $163.6M+35.7% | $120.5M+0.3% | $120.2M-16.3% | $143.7M-9.7% | $159.1M |
| Goodwill | $72.3M0.0% | $72.3M0.0% | $72.3M0.0% | $72.3M0.0% | $72.3M-0.3% | $72.6M-0.5% | $72.9M0.0% | $72.9M |
| Total Liabilities | $558.7M-4.5% | $585.1M+4.9% | $557.6M+11.4% | $500.3M+5.6% | $473.6M-13.3% | $546.0M+8.5% | $503.2M-4.4% | $526.4M |
| Current Liabilities | $305.6M-8.6% | $334.3M+3.8% | $322.0M-2.1% | $329.0M+10.7% | $297.2M-21.7% | $379.5M+15.7% | $328.1M-6.7% | $351.9M |
| Long-Term Debt | $67.4M-1.4% | $68.3M-1.3% | $69.2M-1.3% | $70.1M-1.8% | $71.4M-1.9% | $72.8M-2.1% | $74.4M-1.9% | $75.8M |
| Total Equity | $659.9M+1.5% | $650.3M-7.4% | $702.6M-12.5% | $802.7M+5.0% | $764.3M+3.3% | $740.1M-3.9% | $770.0M+9.1% | $705.9M |
| Retained Earnings | $789.4M+1.3% | $779.5M+8.1% | $721.3M+5.8% | $681.9M+8.1% | $630.7M+2.7% | $614.1M+9.5% | $561.0M+11.2% | $504.7M |
YETI Cash Flow Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$32.6M-118.9% | $172.9M+71.3% | $100.9M+64.9% | $61.2M+176.2% | -$80.3M-135.6% | $225.6M+170.1% | $83.5M+49.2% | $56.0M |
| Capital Expenditures | $11.1M+2.1% | $10.9M-71.3% | $38.0M+244.1% | $11.0M+24.1% | $8.9M-15.2% | $10.5M+8.1% | $9.7M-11.7% | $11.0M |
| Free Cash Flow | -$43.8M-127.0% | $162.0M+157.4% | $62.9M+25.5% | $50.2M+156.2% | -$89.2M-141.5% | $215.1M+191.4% | $73.8M+64.2% | $45.0M |
| Investing Cash Flow | -$14.5M+29.5% | -$20.6M+58.9% | -$50.2M-222.0% | -$15.6M-0.4% | -$15.5M+65.1% | -$44.4M-203.9% | -$14.6M-1.3% | -$14.4M |
| Financing Cash Flow | -$11.6M+90.9% | -$127.2M+17.3% | -$153.8M-353.8% | -$33.9M-423.8% | -$6.5M+93.6% | -$101.7M-5830.0% | -$1.7M+42.6% | -$3.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $124.9M-16.7% | $149.9M+552.3% | $23.0M | $0-100.0% | $100.0M | $0 | $0 |
YETI Financial Ratios
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.3%-3.1pp | 58.4%+2.5pp | 55.9%-1.9pp | 57.8%+0.3pp | 57.5%-2.3pp | 59.7%+1.7pp | 58.1%+1.0pp | 57.0% |
| Operating Margin | 3.3%-9.7pp | 12.9%+1.8pp | 11.1%-2.8pp | 13.9%+7.7pp | 6.2%-8.9pp | 15.1%+0.6pp | 14.5%0.0pp | 14.5% |
| Net Margin | 2.6%-7.4pp | 10.0%+1.9pp | 8.1%-3.4pp | 11.5%+6.7pp | 4.7%-5.0pp | 9.7%-2.0pp | 11.8%+0.9pp | 10.9% |
| Return on Equity | 1.5%-7.5pp | 8.9%+3.3pp | 5.6%-0.8pp | 6.4%+4.2pp | 2.2%-5.0pp | 7.2%-0.1pp | 7.3%+0.2pp | 7.1% |
| Return on Assets | 0.8%-3.9pp | 4.7%+1.6pp | 3.1%-0.8pp | 3.9%+2.6pp | 1.3%-2.8pp | 4.1%-0.3pp | 4.4%+0.3pp | 4.1% |
| Current Ratio | 2.10+0.1 | 1.98-0.2 | 2.16-0.4 | 2.52-0.1 | 2.58+0.4 | 2.18-0.4 | 2.58+0.3 | 2.29 |
| Debt-to-Equity | 0.100.0 | 0.100.0 | 0.10+0.0 | 0.090.0 | 0.090.0 | 0.100.0 | 0.10-0.0 | 0.11 |
| FCF Margin | -11.5%-39.3pp | 27.8%+14.9pp | 12.9%+1.7pp | 11.3%+36.6pp | -25.4%-64.8pp | 39.4%+23.9pp | 15.4%+5.7pp | 9.7% |
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Frequently Asked Questions
What is Yeti Holdings's annual revenue?
Yeti Holdings (YETI) reported $1.9B in total revenue for fiscal year 2026. This represents a 2.1% 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 Yeti Holdings's revenue growing?
Yeti Holdings (YETI) revenue grew by 2.1% year-over-year, from $1.8B to $1.9B in fiscal year 2026.
Is Yeti Holdings profitable?
Yes, Yeti Holdings (YETI) reported a net income of $165.4M in fiscal year 2026, with a net profit margin of 8.8%.
What is Yeti Holdings's EBITDA?
Yeti Holdings (YETI) had EBITDA of $267.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Yeti Holdings have?
As of fiscal year 2026, Yeti Holdings (YETI) had $127.8M in cash and equivalents against $67.4M in long-term debt.
What is Yeti Holdings's gross margin?
Yeti Holdings (YETI) had a gross margin of 57.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Yeti Holdings's operating margin?
Yeti Holdings (YETI) had an operating margin of 11.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Yeti Holdings's net profit margin?
Yeti Holdings (YETI) had a net profit margin of 8.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Yeti Holdings's return on equity (ROE)?
Yeti Holdings (YETI) has a return on equity of 25.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Yeti Holdings's free cash flow?
Yeti Holdings (YETI) generated $212.1M in free cash flow during fiscal year 2026. This represents a -3.4% 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 Yeti Holdings's operating cash flow?
Yeti Holdings (YETI) generated $254.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Yeti Holdings's total assets?
Yeti Holdings (YETI) had $1.2B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Yeti Holdings's capital expenditures?
Yeti Holdings (YETI) invested $42.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Yeti Holdings spend on research and development?
Yeti Holdings (YETI) invested $25.2M in research and development during fiscal year 2026.
What is Yeti Holdings's current ratio?
Yeti Holdings (YETI) had a current ratio of 2.10 as of fiscal year 2026, which is generally considered healthy.
What is Yeti Holdings's debt-to-equity ratio?
Yeti Holdings (YETI) had a debt-to-equity ratio of 0.10 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Yeti Holdings's return on assets (ROA)?
Yeti Holdings (YETI) had a return on assets of 13.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Yeti Holdings's Altman Z-Score?
Yeti Holdings (YETI) has an Altman Z-Score of 6.66, placing it in the Safe Zone (low bankruptcy 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 Yeti Holdings's Piotroski F-Score?
Yeti Holdings (YETI) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Yeti Holdings's earnings high quality?
Yeti Holdings (YETI) has an earnings quality ratio of 1.54x, 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.
How financially healthy is Yeti Holdings?
Yeti Holdings (YETI) scores 59 out of 100 on our Financial Profile, indicating moderate 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.