WINNEBAGO INDUSTRIES INC (WGO) FY2025 10-K Annual Report

Filed: Oct 22, 2025
Industrials
Motor HomesSEC EDGAR

WINNEBAGO INDUSTRIES INC (WGO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Oct 22, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

WINNEBAGO INDUSTRIES INC FY2025 10-K Analysis

Business Overview

  • Core business: Manufacturing and selling outdoor lifestyle products including towable and motorhome RVs, marine boats, and specialty commercial vehicles
  • New emphasis: Acquisition of Lithionics Battery LLC in April 2023, expanding into advanced lithium-ion battery solutions with proprietary NeverDie® Technology
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Management Discussion & Analysis

  • Revenue $2,798.2M, down 5.9% YoY from $2,973.5M, decline driven by lower unit volume and reduced average selling price
  • Operating income $57.2M (2.0% margin) vs $100.2M (3.4% margin), down 42.9% due to deleverage and higher warranty costs
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Risk Factors

  • Regulatory risk tied to NIST Cybersecurity Framework compliance impacting cybersecurity program design
  • Macro risk from evolving cyber threats despite no material incidents in fiscal 2025
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WINNEBAGO INDUSTRIES INC FY2025 Key Financial Metrics
XBRL

Revenue

$2.8B

-5.9% YoY

Net Income

$26M

+97.7% YoY

Gross Margin

13.0%

-153bp YoY

Operating Margin

2.0%

-133bp YoY

Net Margin

0.9%

+48bp YoY

ROE

2.1%

+108bp YoY

Total Assets

$2.2B

-9.6% YoY

EPS (Diluted)

$0.91

+106.8% YoY

Operating Cash Flow

$129M

-10.4% YoY

Source: XBRL data from WINNEBAGO INDUSTRIES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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