Winnebago Industries, Inc. (WGO) Balance Sheet
WGO balance sheet, FY2025
August 31, 2025 · U.S. dollars$2.26B assets = $1.04B liabilities + $1.22B equity
Both columns are drawn to the same scale: what WGO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WGO financial health
Descriptive bands, not a rating. Fiscal FY2025.
WGO balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $390.7MFY2016 | $2.26BFY2025 | +21.6%/yr | |
| Total liabilities | $122.4MFY2016 | $1.04BFY2025 | +26.8%/yr | |
| Shareholders’ equity | $268.4MFY2016 | $1.22BFY2025 | +18.4%/yr | |
| Cash & short-term investments | $85.6MFY2016 | $174.0MFY2025 | +8.2%/yr | |
| Total debt | $0FY2016 | $595.4MFY2025 | — | |
| Net cash (debt) | $85.6MFY2016 | −$421.4MFY2025 | −$507.0M | |
| Working capital | $187.6MFY2016 | $465.1MFY2025 | +$277.5M | |
| Book value per share | $9.93FY2016 | $43.28FY2025 | +17.8%/yr | |
| Current ratio | 3.02FY2016 | 2.42FY2025 | −0.60 | |
| Debt / equity | 0.00FY2016 | 0.49FY2025 | +0.49 | |
| Shares outstanding | 27.0MFY2016 | 28.3MFY2025 | +0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WGO assets
WGO liabilities and equity
WGO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WGO balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $174.0M | $330.9M | $309.9M | $282.2M | $434.6M | $292.6M | $37.4M | $2.3M | $35.9M | $85.6M |
| Cash & equivalents | $174.0M | $330.9M | $309.9M | $282.2M | $434.6M | $292.6M | $37.4M | $2.3M | $35.9M | $85.6M |
| Short-term investments | — | — | — | — | $28.8M | $27.8M | — | $28.3M | $27.4M | $26.5M |
| Receivables | $199.3M | $183.5M | $189.2M | $254.1M | $253.8M | $220.8M | $158.0M | $164.6M | $124.5M | $66.2M |
| Inventory | $396.4M | $438.7M | $470.6M | $525.8M | $341.5M | $182.9M | $201.1M | $195.1M | $142.3M | $122.5M |
| Other current assets | $22.5M | $35.6M | $27.0M | $31.8M | $29.1M | $17.3M | $14.1M | $9.9M | $11.4M | $6.3M |
| Total current assets | $792.2M | $988.7M | $996.7M | $1.09B | $1.06B | $713.6M | $410.7M | $371.9M | $314.1M | $280.6M |
| Property, plant & equipment (net) | $382.5M | $385.5M | $378.0M | $317.4M | $219.8M | $204.4M | $127.6M | $101.2M | $71.6M | $55.9M |
| Goodwill & intangible assets | $941.1M | $963.2M | $1.02B | $956.6M | $738.5M | $752.8M | $531.0M | $540.1M | $471.2M | $2.5M |
| Long-term investments | $27.1M | $29.6M | $29.3M | $28.6M | $28.8M | $27.8M | $26.8M | $28.3M | $27.4M | $26.5M |
| Other non-current assets | $121.9M | $17.2M | $91.7M | $86.4M | $16.6M | $55.5M | $8.1M | $10.3M | $18.2M | $25.2M |
| Total assets | $2.26B | $2.38B | $2.51B | $2.48B | $2.06B | $1.75B | $1.10B | $1.05B | $902.5M | $390.7M |
| Liabilities | ||||||||||
| Accounts payable | $129.3M | $144.7M | $146.9M | $217.5M | $180.0M | $132.5M | $81.6M | $81.0M | $79.2M | $44.1M |
| Short-term debt | $9.3M | $59.1M | $7.2M | $5.7M | $13.4M | $3.2M | $8.9M | $291.4M | $2.9M | $0 |
| Deferred revenue | — | $144.1M | −$7.2M | $6.1M | $13.4M | −$3.2M | $82.5M | $4.5M | $72.4M | $18.8M |
| Total current liabilities | $327.1M | $404.7M | $396.0M | $522.1M | $407.3M | $300.4M | $197.7M | $204.2M | $167.2M | $92.9M |
| Long-term debt | $546.8M | $644.9M | $592.4M | $545.9M | $528.6M | $512.6M | $245.4M | $291.4M | $271.7M | $0 |
| Lease obligations | $39.3M | $45.6M | $42.0M | $40.4M | $26.7M | $27.0M | — | — | — | — |
| Other long-term liabilities | $166.2M | $61.3M | $155.7M | $151.8M | $69.8M | $113.7M | $28.9M | $21.7M | $22.0M | $29.4M |
| Total liabilities | $1.04B | $1.11B | $1.14B | $1.22B | $1.01B | $926.7M | $472.0M | $517.4M | $460.8M | $122.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $112.1M | $106.3M | $58.6M |
| Retained earnings (deficit) | $1.71B | $1.72B | $1.75B | $1.54B | $1.17B | $913.6M | $866.9M | $768.8M | $679.1M | $620.5M |
| Treasury stock | — | — | — | — | −$359.9M | −$315.3M | −$351.3M | −$347.4M | −$342.7M | −$421.8M |
| Accumulated other comprehensive income | −$400,000 | −$400,000 | −$400,000 | −$454,000 | −$491,000 | −$526,000 | −$491,000 | $892,000 | −$1.0M | $11.0M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $1.22B | $1.27B | $1.37B | $1.26B | $1.06B | $827.5M | $632.2M | $534.4M | $441.7M | $268.4M |
| Key figures | ||||||||||
| Total debt | $595.4M | $741.8M | $649.3M | $598.7M | $555.3M | $547.7M | $254.3M | $291.4M | $274.6M | $0 |
| Net cash (debt) | −$421.4M | −$410.9M | −$339.4M | −$316.5M | −$120.7M | −$255.2M | −$216.9M | −$289.1M | −$238.6M | $85.6M |
| Working capital | $465.1M | $584.0M | $600.7M | $571.7M | $651.6M | $413.2M | $212.9M | $167.8M | $147.0M | $187.6M |
| Tangible book value | $283.6M | $310.1M | $351.6M | $306.4M | $318.5M | $74.6M | $101.2M | −$5.6M | −$29.5M | $265.9M |
| Book value per share | $43.28 | $43.16 | $38.65 | $38.29 | $31.04 | $24.73 | $19.93 | $16.80 | $14.36 | $9.93 |
| Shares outstanding | 28.3M | 29.5M | 35.4M | 33.0M | 34.1M | 33.5M | 31.7M | 31.8M | 30.8M | 27.0M |
| Current ratio | 2.42 | 2.44 | 2.52 | 2.10 | 2.60 | 2.38 | 2.08 | 1.82 | 1.88 | 3.02 |
| Quick ratio | 1.14 | 1.27 | 1.26 | 1.03 | 1.69 | 1.71 | 0.99 | 0.82 | 0.96 | 1.63 |
| Debt / equity | 0.49 | 0.58 | 0.47 | 0.47 | 0.53 | 0.66 | 0.40 | 0.55 | 0.62 | 0.00 |
| Equity / assets | 54.1% | 53.4% | 54.5% | 50.9% | 51.2% | 47.2% | 57.3% | 50.8% | 48.9% | 68.7% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $57.1M | $47.4M | $181.7M | $174.0M | $10.5M | $115.5M | $262.5M | $330.9M | $318.1M | $265.7M | $219.6M | $309.9M |
| Cash & equivalents | $57.1M | $47.4M | $181.7M | $174.0M | $10.5M | $115.5M | $262.5M | $330.9M | $318.1M | $265.7M | $219.6M | $309.9M |
| Receivables | $194.9M | $233.9M | $157.1M | $199.3M | $242.9M | $201.6M | $171.4M | $183.5M | $199.3M | $242.3M | $190.8M | $189.2M |
| Inventory | $435.2M | $407.6M | $415.1M | $396.4M | $477.8M | $460.2M | $435.5M | $438.7M | $441.5M | $465.8M | $494.0M | $470.6M |
| Other current assets | $24.1M | $25.9M | $23.7M | $22.5M | $28.1M | $34.9M | $38.9M | $35.6M | $24.8M | $28.4M | $30.2M | $27.0M |
| Total current assets | $711.3M | $714.8M | $777.6M | $792.2M | $759.3M | $812.2M | $908.3M | $988.7M | $983.7M | $1.00B | $934.6M | $996.7M |
| Property, plant & equipment (net) | $357.1M | $360.7M | $368.1M | $382.5M | $379.3M | $381.9M | $384.5M | $385.5M | $383.6M | $373.6M | $372.4M | $378.0M |
| Goodwill & intangible assets | $924.9M | $930.3M | $935.7M | $941.1M | $946.6M | $952.1M | $957.6M | $963.2M | $999.6M | $1.01B | $1.01B | $1.02B |
| Long-term investments | $27.9M | $27.8M | $27.3M | $27.1M | $28.6M | $29.4M | $29.7M | $29.6M | $30.2M | $30.1M | $29.6M | $29.3M |
| Other non-current assets | $17.3M | $17.9M | $18.5M | $121.9M | $18.9M | $18.4M | $17.9M | $17.2M | $27.9M | $22.8M | $21.4M | $91.7M |
| Total assets | $2.04B | $2.05B | $2.13B | $2.26B | $2.13B | $2.19B | $2.30B | $2.38B | $2.42B | $2.43B | $2.37B | $2.51B |
| Liabilities | ||||||||||||
| Accounts payable | $113.5M | $136.6M | $109.9M | $129.3M | $128.6M | $144.5M | $113.6M | $144.7M | $134.0M | $138.0M | $123.4M | $146.9M |
| Short-term debt | — | $0 | $0 | $9.3M | $0 | $59.3M | $59.2M | $59.1M | $59.0M | — | — | $7.2M |
| Deferred revenue | — | — | — | — | — | — | — | $144.1M | $3.1M | — | — | −$7.2M |
| Total current liabilities | $299.7M | $311.3M | $289.5M | $327.1M | $315.1M | $373.8M | $352.2M | $404.7M | $401.8M | $353.2M | $347.3M | $396.0M |
| Long-term debt | $442.9M | $442.3M | $541.0M | $540.5M | $539.9M | $539.4M | $637.7M | $637.1M | $636.4M | $694.8M | $593.1M | $592.4M |
| Lease obligations | $34.1M | $35.9M | $37.6M | $39.3M | $41.0M | $42.8M | $44.7M | $45.6M | $47.3M | $39.3M | $40.5M | $42.0M |
| Other long-term liabilities | $61.5M | $62.8M | $63.1M | $172.5M | $61.8M | $64.5M | $67.9M | $69.1M | $68.4M | $61.3M | $74.5M | $155.7M |
| Total liabilities | $804.1M | $816.4M | $893.6M | $1.04B | $916.8M | $977.7M | $1.06B | $1.11B | $1.11B | $1.11B | $1.01B | $1.14B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M | $25.9M |
| Retained earnings (deficit) | $1.70B | $1.71B | $1.72B | $1.71B | $1.71B | $1.71B | $1.72B | $1.72B | $1.76B | $1.75B | $1.77B | $1.75B |
| Accumulated other comprehensive income | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 | −$400,000 |
| Total shareholders' equity | $1.23B | $1.24B | $1.23B | $1.22B | $1.22B | $1.22B | $1.24B | $1.27B | $1.32B | $1.32B | $1.35B | $1.37B |
| Key figures | ||||||||||||
| Total debt | $477.0M | $478.2M | $578.6M | $595.4M | $580.9M | $641.5M | $741.6M | $741.8M | $742.7M | $734.1M | $633.6M | $649.3M |
| Net cash (debt) | −$419.9M | −$430.8M | −$396.9M | −$421.4M | −$570.4M | −$526.0M | −$479.1M | −$410.9M | −$424.6M | −$468.4M | −$414.0M | −$339.4M |
| Working capital | $411.6M | $403.5M | $488.1M | $465.1M | $444.2M | $438.4M | $556.1M | $584.0M | $581.9M | $649.0M | $587.3M | $600.7M |
| Tangible book value | $309.5M | $304.8M | $297.9M | $283.6M | $269.3M | $264.2M | $282.6M | $310.1M | $318.8M | $319.4M | $343.1M | $351.6M |
| Book value per share | $43.46 | $43.34 | $43.59 | $43.43 | $42.81 | $43.28 | $43.36 | $43.16 | $43.37 | $45.36 | $39.02 | $38.98 |
| Shares outstanding | 28.4M | 28.5M | 28.3M | 28.2M | 28.4M | 28.1M | 28.6M | 29.5M | 30.4M | 29.2M | 34.7M | 35.1M |
| Current ratio | 2.37 | 2.30 | 2.69 | 2.42 | 2.41 | 2.17 | 2.58 | 2.44 | 2.45 | 2.84 | 2.69 | 2.52 |
| Quick ratio | 0.84 | 0.90 | 1.17 | 1.14 | 0.80 | 0.85 | 1.23 | 1.27 | 1.29 | 1.44 | 1.18 | 1.26 |
| Debt / equity | 0.39 | 0.39 | 0.47 | 0.49 | 0.48 | 0.53 | 0.60 | 0.58 | 0.56 | 0.55 | 0.47 | 0.47 |
| Equity / assets | 60.6% | 60.2% | 58.0% | 54.1% | 57.0% | 55.4% | 54.0% | 53.4% | 54.4% | 54.4% | 57.2% | 54.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 22, 2025); data from EODHD.
WGO financial position
At the end of fiscal 2025 (August 31, 2025), Winnebago Industries had total assets of $2.3 billion (down 5.0% from a year earlier), total liabilities of $1.0 billion and shareholders' equity of $1.2 billion. It held $174.0 million in cash and short-term investments against $595.4 million of debt, net debt of $421.4 million. Its current ratio was 2.42. In the latest quarter (ended May 31, 2026) total assets were $2.0 billion and equity $1.2 billion.
Related: WGO income statement, WGO cash flow statement, WGO key metrics. See the WGO stock overview for the latest quote and news.
WGO balance sheet FAQ
What are Winnebago Industries's total assets?
Winnebago Industries reported total assets of $2.3 billion at the end of fiscal 2025 (August 31, 2025), compared with $2.4 billion a year earlier.
How much debt does Winnebago Industries have?
Winnebago Industries had $595.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.49.
How much cash does Winnebago Industries have?
Winnebago Industries held $174.0 million in cash and short-term investments at the end of fiscal 2025; with $595.4 million of debt that is net debt of $421.4 million.
What is Winnebago Industries's book value?
Winnebago Industries's shareholders' equity (book value) was $1.2 billion at the end of fiscal 2025, or $43.28 per share.
What is Winnebago Industries's current ratio?
Winnebago Industries had current assets of $792.2 million and current liabilities of $327.1 million, a current ratio of 2.42 (it can cover its short-term obligations).
How much goodwill does Winnebago Industries have?
Winnebago Industries carried $941.1 million of goodwill and intangible assets, 41.6% of total assets, at the end of fiscal 2025.