NYSE : WWW
Wolverine World Wide, Inc. — Financial statements
Consumer Discretionary · Footwear & Accessories · United States
Last price 20.9 USD (Oct 30, 2026, 9:46 AM EDT) · Market cap 1.72B
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Financial statements
Wolverine World Wide, Inc. (WWW) reported revenue of 1.95B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.95B | 1.87B | 1.75B | 2.24B | 2.68B | 2.41B |
| Cost of Revenue | 1.03B | 987.60M | 977.00M | 1.37B | 1.61B | 1.39B |
| Gross Profit | 919.70M | 886.70M | 778.00M | 873.90M | 1.07B | 1.03B |
| Selling, General & Admin | 741.20M | 726.90M | 687.40M | 853.80M | 910.40M | 824.90M |
| Other Operating Expenses | 4.40M | 6.60M | -10.30M | -10.40M | 33.70M | 56.40M |
| Operating Expenses | 745.60M | 733.50M | 677.10M | 843.40M | 944.10M | 881.30M |
| Operating Income | 174.10M | 153.20M | 100.90M | 30.50M | 126.30M | 148.60M |
| Interest Expense | -29.90M | -32.80M | -42.70M | -63.50M | -47.30M | -37.40M |
| Other Non Operating Income (Expenses) | 100.00K | 1.10M | 700.00K | -4.90M | 6.80M | 3.40M |
| EBT Excluding Unusual Items | 144.30M | 121.50M | 58.90M | -37.90M | 85.80M | 114.60M |
| Impairment of Goodwill | -48.40M | |||||
| Gain (Loss) on Sale of Assets | 8.50M | 90.40M | 90.00M | |||
| Asset Writedown | -9.30M | -185.30M | -380.30M | |||
| Other Unusual Items | -34.30M | |||||
| Pretax Income | 141.80M | 121.50M | 58.10M | -132.80M | -252.90M | 80.30M |
| Income Tax Expense | 27.70M | 20.50M | 9.30M | -94.70M | -63.80M | 13.30M |
| Earnings From Continuing Operations | 114.10M | 101.00M | 48.80M | -38.10M | -189.10M | 67.00M |
| Minority Interest in Earnings | -5.80M | -5.20M | -3.60M | -400.00K | 800.00K | 1.60M |
| Net Income | 108.30M | 95.80M | 45.20M | -38.50M | -188.30M | 68.60M |
| Preferred Dividends & Other Adjustments | 2.70M | 2.70M | 1.60M | 700.00K | 600.00K | 1.10M |
| Net Income to Common | 105.60M | 93.10M | 43.60M | -39.20M | -188.90M | 67.50M |
| Shares Outstanding (Basic) | 81.70M | 81.20M | 80.00M | 79.40M | 79.70M | 82.30M |
| Shares Outstanding (Diluted) | 82.20M | 81.70M | 80.00M | 79.40M | 79.70M | 83.30M |
| EPS (Basic) | 1.29 | 1.15 | 0.55 | -0.49 | -2.37 | 0.82 |
| EPS (Diluted) | 1.28 | 1.14 | 0.55 | -0.49 | -2.37 | 0.81 |
| Free Cash Flow | 175.00M | 125.50M | 159.90M | 107.20M | -215.40M | 69.20M |
| Free Cash Flow Per Share | 2.13 | 1.54 | 2.00 | 1.35 | -2.70 | 0.83 |
| Dividend Per Share | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Gross Margin | 47.12% | 47.31% | 44.33% | 38.96% | 39.87% | 42.65% |
| Operating Margin | 8.92% | 8.17% | 5.75% | 1.36% | 4.70% | 6.15% |
| Profit Margin | 5.41% | 4.97% | 2.48% | -1.75% | -7.04% | 2.79% |
| Free Cash Flow Margin | 8.97% | 6.70% | 9.11% | 4.78% | -8.02% | 2.87% |
| EBITDA | 198.00M | 179.10M | 127.10M | 65.60M | 160.90M | 181.80M |
| EBITDA Margin | 10.14% | 9.56% | 7.24% | 2.93% | 5.99% | 7.53% |
| D&A For EBITDA | 23.90M | 25.90M | 26.20M | 35.10M | 34.60M | 33.20M |
| EBIT | 174.10M | 153.20M | 100.90M | 30.50M | 126.30M | 148.60M |
| EBIT Margin | 8.92% | 8.17% | 5.75% | 1.36% | 4.70% | 6.15% |
| Effective Tax Rate | 19.54% | 16.87% | 16.01% | 16.56% | ||
| Advertising Expenses | 158.10M | 140.30M | 169.30M | 220.70M | 195.40M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 158.50M | 206.30M | 152.10M | 179.00M | 131.50M | 161.70M |
| Cash & Short-Term Investments | 158.50M | 206.30M | 152.10M | 179.00M | 131.50M | 161.70M |
| Receivables | 221.10M | 162.10M | 209.40M | 230.80M | 241.70M | 319.60M |
| Inventory | 269.30M | 274.20M | 247.80M | 373.60M | 745.20M | 365.50M |
| Prepaid Expenses | 82.50M | 82.30M | 72.90M | 75.00M | 64.80M | 44.90M |
| Other Current Assets | 4.80M | 4.50M | 13.50M | 166.70M | 82.10M | 12.00M |
| Total Current Assets | 736.20M | 729.40M | 695.70M | 1.03B | 1.27B | 903.70M |
| Property, Plant & Equipment | 183.70M | 180.50M | 191.80M | 214.50M | 310.90M | 267.20M |
| Long-Term Investments | 200.00K | 1.80M | 14.20M | 7.10M | ||
| Goodwill | 429.90M | 431.30M | 424.60M | 427.10M | 485.00M | 556.60M |
| Other Intangible Assets | 206.70M | 209.50M | 204.50M | 209.00M | 341.40M | 792.70M |
| Long-Term Deferred Tax Assets | 81.70M | 84.10M | 92.10M | 116.40M | 24.50M | 1.80M |
| Other Long-Term Assets | 68.50M | 74.50M | 65.50M | 68.90M | 51.40M | 57.30M |
| Total Assets | 1.71B | 1.71B | 1.67B | 2.06B | 2.49B | 2.59B |
| Accounts Payable | 189.70M | 174.70M | 200.90M | 206.00M | 272.20M | 222.10M |
| Accrued Expenses | 193.60M | 212.80M | 210.30M | 277.60M | 344.80M | 256.40M |
| Short-Term Debt | 54.00M | 75.00M | 70.00M | 305.00M | 425.00M | 225.00M |
| Current Portion of Long-Term Debt | 10.00M | 10.00M | 10.00M | 10.00M | ||
| Current Portion of Leases | 37.50M | 35.00M | 33.70M | 34.70M | 39.10M | 38.30M |
| Current Unearned Revenue | 5.60M | 7.50M | 6.80M | 9.10M | 6.80M | |
| Other Current Liabilities | 400.00K | 18.00M | 700.00K | 29.30M | 10.10M | 1.00M |
| Total Current Liabilities | 475.20M | 521.10M | 533.10M | 869.40M | 1.11B | 759.60M |
| Long-Term Debt | 547.10M | 546.70M | 568.00M | 605.80M | 723.00M | 731.90M |
| Long-Term Leases | 106.80M | 105.30M | 116.00M | 132.40M | 153.60M | 118.20M |
| Pension & Post-Retirement Benefits | 54.10M | 56.40M | 71.40M | 78.40M | 72.90M | 107.40M |
| Long-Term Deferred Tax Liabilities | 29.00M | 28.60M | 29.00M | 26.90M | 35.30M | 118.90M |
| Other Long-Term Liabilities | 26.10M | 28.10M | 34.80M | 49.90M | 58.60M | 106.00M |
| Total Liabilities | 1.24B | 1.29B | 1.35B | 1.76B | 2.15B | 1.94B |
| Common Stock | 116.30M | 115.50M | 113.70M | 113.00M | 112.20M | 111.60M |
| Additional Paid-In Capital | 410.00M | 406.80M | 382.70M | 364.00M | 325.40M | 298.90M |
| Retained Earnings | 951.60M | 917.20M | 855.10M | 834.80M | 907.20M | 1.13B |
| Treasury Stock | -905.00M | -905.10M | -890.80M | -891.00M | -891.30M | -810.20M |
| Comprehensive Income & Other | -123.70M | -126.40M | -147.80M | -142.20M | -132.90M | -98.90M |
| Total Common Equity | 449.20M | 408.00M | 312.90M | 278.60M | 320.60M | 629.60M |
| Minority Interest | 19.20M | 15.10M | 9.20M | 21.40M | 18.40M | 14.80M |
| Shareholders' Equity | 468.40M | 423.10M | 322.10M | 300.00M | 339.00M | 644.40M |
| Total Liabilities & Equity | 1.71B | 1.71B | 1.67B | 2.06B | 2.49B | 2.59B |
| Total Debt | 745.40M | 762.00M | 797.70M | 1.09B | 1.35B | 1.12B |
| Net Cash (Debt) | -586.90M | -555.70M | -645.60M | -908.90M | -1.22B | -961.70M |
| Net Cash Per Share | -7.14 | -6.80 | -8.07 | -11.45 | -15.30 | -11.55 |
| Filing Date Shares Outstanding | 82.07M | 81.32M | 80.37M | 79.75M | 78.93M | 81.69M |
| Total Common Shares Outstanding | 82.06M | 81.19M | 80.33M | 79.55M | 78.79M | 82.03M |
| Working Capital | 261.00M | 208.30M | 162.60M | 155.70M | 155.00M | 144.10M |
| Book Value Per Share | 5.47 | 5.03 | 3.90 | 3.50 | 4.07 | 7.68 |
| Tangible Book Value | -187.40M | -232.80M | -316.20M | -357.50M | -505.80M | -719.70M |
| Tangible Book Value Per Share | -2.28 | -2.87 | -3.94 | -4.49 | -6.42 | -8.77 |
| Land | 600.00K | 600.00K | 600.00K | 3.90M | 3.90M | |
| Buildings | 109.20M | 96.00M | 110.00M | 121.80M | 122.20M | |
| Machinery | 115.60M | 150.50M | 169.60M | 170.20M | 144.70M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 108.30M | 95.80M | 45.20M | -38.50M | -188.30M | 68.60M |
| Depreciation & Amortization | 23.90M | 25.90M | 26.20M | 35.10M | 34.60M | 33.20M |
| Loss (Gain) From Sale of Assets | -8.50M | -90.40M | -90.00M | |||
| Asset Writedown & Restructuring Costs | 9.30M | 185.30M | 428.70M | |||
| Stock-Based Compensation | 24.20M | 24.40M | 19.10M | 15.20M | 33.40M | 38.10M |
| Other Operating Activities | -11.00M | -14.90M | 2.70M | -151.50M | -122.90M | 35.30M |
| Change in Accounts Receivable | 35.00M | 54.20M | 16.70M | 2.80M | 84.50M | -49.20M |
| Change in Inventory | 52.60M | -20.90M | 130.60M | 285.10M | -428.90M | -77.20M |
| Change in Accounts Payable | -37.70M | -30.00M | -3.40M | -65.60M | 62.60M | 23.00M |
| Change in Income Taxes | -4.30M | -2.30M | 2.40M | 1.60M | ||
| Change in Other Net Operating Assets | -12.70M | 5.50M | -53.50M | -53.40M | 5.00M | 13.40M |
| Operating Cash Flow | 182.60M | 140.00M | 180.10M | 121.80M | -178.90M | 86.80M |
| Capital Expenditures | -7.60M | -14.50M | -20.20M | -14.60M | -36.50M | -17.60M |
| Cash Acquisitions | -417.40M | |||||
| Divestitures | 102.40M | 188.90M | 90.00M | |||
| Investment in Securities | -2.80M | |||||
| Other Investing Activities | 1.00M | 600.00K | 4.60M | -2.70M | 3.90M | -2.30M |
| Investing Cash Flow | -6.60M | -13.90M | 86.80M | 171.60M | 54.60M | -437.30M |
| Short-Term Debt Issued | 491.00M | 384.00M | 623.00M | 940.00M | 660.00M | |
| Long-Term Debt Issued | 750.00M | |||||
| Total Debt Issued | 490.00M | 491.00M | 384.00M | 623.00M | 940.00M | 1.41B |
| Short-Term Debt Repaid | -486.00M | -619.00M | -743.00M | -740.00M | -435.00M | |
| Long-Term Debt Repaid | -32.50M | -39.20M | -118.30M | -10.00M | -730.00M | |
| Total Debt Repaid | -598.50M | -518.50M | -658.20M | -861.30M | -750.00M | -1.17B |
| Net Debt Issued (Repaid) | -108.50M | -27.50M | -274.20M | -238.30M | 190.00M | 245.00M |
| Issuance of Common Stock | 11.90M | 12.20M | 3.10M | 100.00K | 1.40M | 17.10M |
| Repurchase of Common Stock | -25.20M | -25.20M | -2.60M | -5.80M | -89.00M | -53.70M |
| Common Dividends Paid | -33.60M | -33.30M | -32.50M | -32.60M | -32.80M | -33.50M |
| Other Financing Activities | -3.90M | -3.90M | 7.00M | 30.30M | 37.50M | -5.60M |
| Financing Cash Flow | -159.30M | -77.70M | -299.20M | -246.30M | 107.10M | 169.30M |
| Foreign Exchange Rate Adjustments | 800.00K | 5.80M | -200.00K | 2.00M | -9.00M | -4.50M |
| Net Cash Flow | 17.50M | 54.20M | -32.50M | 49.10M | -26.20M | -185.70M |
| Free Cash Flow | 175.00M | 125.50M | 159.90M | 107.20M | -215.40M | 69.20M |
| Free Cash Flow Margin | 8.97% | 6.70% | 9.11% | 4.78% | -8.02% | 2.87% |
| Free Cash Flow Per Share | 2.13 | 1.54 | 2.00 | 1.35 | -2.70 | 0.83 |
| Levered Free Cash Flow | 131.32M | 123.25M | 263.68M | 186.28M | -161.03M | 62.30M |
| Unlevered Free Cash Flow | 150.01M | 143.75M | 290.36M | 225.96M | -131.46M | 85.67M |
| Cash Interest Paid | 33.50M | 33.50M | 44.10M | 63.50M | 43.00M | 34.60M |
| Cash Income Tax Paid | 25.40M | 25.40M | 20.00M | 27.00M | 44.30M | 27.80M |
| Change in Working Capital | 37.20M | 8.80M | 86.10M | 166.60M | -274.40M | -88.40M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.76B | 1.49B | 1.80B | 707.04M | 860.79M | 2.37B |
| Enterprise Value | 2.35B | 2.20B | 2.53B | 1.84B | 2.40B | 3.38B |
| Last Close Price | 20.80 | 17.89 | 21.51 | 8.32 | 9.86 | 25.34 |
| PE Ratio | 16.80 | 16.03 | 41.28 | 35.16 | ||
| Forward PE | 11.77 | 13.92 | 17.44 | 16.09 | 7.67 | 11.90 |
| PS Ratio | 0.90 | 0.80 | 1.03 | 0.32 | 0.32 | 0.98 |
| PB Ratio | 3.80 | 3.53 | 5.59 | 2.36 | 2.54 | 3.68 |
| P/FCF Ratio | 10.07 | 11.89 | 11.26 | 6.60 | 34.29 | |
| P/OCF Ratio | 9.65 | 10.66 | 9.99 | 5.80 | 27.34 | |
| PEG Ratio | 0.35 | 0.35 | 0.35 | 0.35 | 0.40 | |
| EV/Sales Ratio | 1.20 | 1.17 | 1.44 | 0.82 | 0.89 | 1.40 |
| EV/EBITDA Ratio | 11.87 | 12.26 | 19.88 | 28.10 | 14.90 | 18.60 |
| EV/EBIT Ratio | 13.50 | 14.33 | 25.05 | 60.43 | 18.99 | 22.75 |
| EV/FCF Ratio | 13.43 | 17.49 | 15.80 | 17.19 | 48.86 | |
| Debt / Equity Ratio | 1.59 | 1.80 | 2.48 | 3.63 | 3.98 | 1.74 |
| Debt / EBITDA Ratio | 3.18 | 3.56 | 4.82 | 9.19 | 6.55 | 5.03 |
| Debt / FCF Ratio | 4.26 | 6.07 | 4.99 | 10.15 | 16.23 | |
| Net Debt / Equity Ratio | 1.25 | 1.31 | 2.00 | 3.03 | 3.60 | 1.49 |
| Net Debt / EBITDA Ratio | 2.96 | 3.10 | 5.08 | 13.86 | 7.58 | 5.29 |
| Net Debt / FCF Ratio | 3.35 | 4.43 | 4.04 | 8.48 | -5.66 | 13.90 |
| Asset Turnover | 1.11 | 1.11 | 0.94 | 0.98 | 1.06 | 1.02 |
| Inventory Turnover | 3.53 | 3.78 | 3.15 | 2.45 | 2.91 | 4.55 |
| Quick Ratio | 0.80 | 0.71 | 0.68 | 0.47 | 0.34 | 0.63 |
| Current Ratio | 1.55 | 1.40 | 1.30 | 1.18 | 1.14 | 1.19 |
| Return on Equity (ROE) | 27.65% | 27.11% | 15.69% | -11.92% | -38.46% | 11.01% |
| Return on Assets (ROA) | 6.19% | 5.66% | 3.38% | 0.84% | 3.11% | 3.93% |
| Return on Invested Capital (ROIC) | 13.01% | 13.08% | 7.79% | 2.20% | 7.98% | 9.12% |
| Return on Capital Employed (ROCE) | 14.10% | 12.90% | 8.80% | 2.60% | 9.10% | 8.10% |
| Earnings Yield | 5.95% | 6.42% | 2.51% | -5.45% | -21.88% | 2.89% |
| FCF Yield | 9.93% | 8.41% | 8.88% | 15.16% | -25.02% | 2.92% |
| Dividend Yield | 1.86% | 2.18% | 1.79% | 4.50% | 3.66% | 1.38% |
| Payout Ratio | 31.29% | 34.76% | 71.90% | 48.83% | ||
| Buyback Yield / Dilution | -2.11% | -2.12% | -0.76% | 0.38% | 4.32% | -2.84% |
| Total Shareholder Return | -0.25% | 0.05% | 1.03% | 4.88% | 7.98% | -1.46% |