Wolverine World Wide (WWW) financial statements
Wolverine World Wide reported revenue of $1.9B in fiscal 2025, down 3.1% a year over 9 years.
Net income was $96M and the operating margin 8.0%, against 6.6% in 2016.
Free cash flow was $126M, and the company returned $33M in dividends and $14M in net buybacks.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Wolverine World Wide's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.2B | $2.3B | $1.8B | $2.4B | $2.7B | $2.2B | $1.8B | $1.9B |
| Cost of revenue | $1.5B | $1.4B | $1.3B | $1.3B | $1.1B | $1.4B | $1.6B | $1.4B | $977M | $988M |
| Gross profit | $960M | $914M | $921M | $924M | $736M | $1.0B | $1.1B | $874M | $778M | $887M |
| Selling, general and admin | $754M | $706M | $654M | $669M | $639M | $818M | $906M | $856M | $690M | $730M |
| Operating income | $164M | $32M | $252M | $171M | -$137M | $156M | -$208M | -$67M | $98M | $150M |
| Pre-tax income | $110M | -$11M | $227M | $146M | -$184M | $80M | -$253M | -$133M | $58M | $122M |
| Income tax | $23M | -$10M | $27M | $17M | -$46M | $13M | -$64M | -$95M | $9M | $20M |
| Net income | $88M | $300,000 | $200M | $128M | -$137M | $69M | -$188M | -$38M | $45M | $96M |
| EPS (diluted) | $0.89 | $0.00 | $2.05 | $1.44 | -$1.70 | $0.81 | -$2.37 | -$0.49 | $0.55 | $1.14 |
| Diluted shares | 96M | 95M | 95M | 87M | 81M | 83M | 80M | 79M | 80M | 82M |
| Gross margin | 38.5% | 38.9% | 41.1% | 40.6% | 41.1% | 42.6% | 39.9% | 39.0% | 44.3% | 47.3% |
| Operating margin | 6.6% | 1.3% | 11.2% | 7.5% | -7.7% | 6.4% | -7.8% | -3.0% | 5.6% | 8.0% |
| Net margin | 3.5% | 0.0% | 8.9% | 5.7% | -7.6% | 2.8% | -7.0% | -1.7% | 2.6% | 5.1% |
Balance sheet
Fiscal years, from Wolverine World Wide's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $370M | $481M | $143M | $181M | $347M | $162M | $132M | $179M | $152M | $206M |
| Receivables | $263M | $271M | $361M | $331M | $268M | $320M | $242M | $231M | $209M | $162M |
| Inventory | $349M | $277M | $318M | $348M | $243M | $366M | $745M | $374M | $248M | $274M |
| Total current assets | $1.0B | $1.1B | $868M | $967M | $904M | $904M | $1.3B | $1.0B | $696M | $729M |
| Property, plant and equipment | $146M | $137M | $131M | $141M | $125M | $129M | $136M | $96M | $90M | $81M |
| Goodwill | $424M | $430M | $424M | $439M | $442M | $557M | $485M | $427M | $425M | $431M |
| Total assets | $2.4B | $2.4B | $2.2B | $2.5B | $2.1B | $2.6B | $2.5B | $2.1B | $1.7B | $1.7B |
| Total current liabilities | $334M | $362M | $473M | $787M | $406M | $760M | $1.1B | $869M | $533M | $521M |
| Long-term debt | $780M | $745M | $438M | $426M | $712M | $732M | $723M | $606M | $568M | $547M |
| Total liabilities | $1.5B | $1.4B | $1.2B | $1.7B | $1.6B | $1.9B | $2.1B | $1.8B | $1.4B | $1.3B |
| Shareholders' equity | $966M | $950M | $986M | $767M | $561M | $630M | $321M | $279M | $313M | $408M |
| Net debt | $448M | $301M | $302M | $258M | $375M | $580M | $602M | $437M | $426M | $340M |
Cash flow
Fiscal years, from Wolverine World Wide's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $296M | $203M | $98M | $223M | $309M | $87M | -$179M | $122M | $180M | $140M |
| Capital spending | $55M | $32M | $22M | $34M | $10M | $18M | $36M | $15M | $20M | $14M |
| Free cash flow | $241M | $170M | $76M | $188M | $299M | $69M | -$215M | $107M | $160M | $126M |
| Stock-based compensation | $23M | $25M | $31M | $24M | $29M | $38M | $33M | $15M | $19M | $24M |
| Dividends paid | $24M | $23M | $29M | $34M | $34M | $34M | $33M | $33M | $32M | $33M |
| Share buybacks (net) | -$53M | -$52M | -$175M | -$319M | -$21M | -$40M | -$81M | $0 | $0 | -$14M |
| Net borrowing | $6M | -$38M | -$338M | -$8M | $288M | $20M | -$10M | -$118M | -$39M | -$32M |
| Free cash flow margin | 9.7% | 7.2% | 3.4% | 8.3% | 16.7% | 2.9% | -8.0% | 4.8% | 9.1% | 6.7% |
| Dividends per share | $0.24 | $0.24 | $0.30 | $0.39 | $0.41 | $0.40 | $0.41 | $0.41 | $0.41 | $0.41 |
Questions
What was Wolverine World Wide's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Wolverine World Wide generate?
$126M in fiscal 2025 (operating cash flow minus capital spending).
From Wolverine World Wide's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.