YETI (YETI) financial statements
YETI reported revenue of $1.9B in fiscal 2025, up 9.6% a year over 9 years.
Net income was $165M and the operating margin 11.4%, against 10.8% in 2016.
Free cash flow was $212M, and the company returned $298M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from YETI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $819M | $639M | $779M | $914M | $1.1B | $1.4B | $1.6B | $1.7B | $1.8B | $1.9B |
| Cost of revenue | $405M | $345M | $396M | $438M | $463M | $595M | $832M | $716M | $767M | $796M |
| Gross profit | $414M | $295M | $383M | $475M | $629M | $816M | $763M | $943M | $1.1B | $1.1B |
| Research and development | $30M | $9M | $11M | $20M | $11M | $14M | $15M | $16M | $21M | $25M |
| Selling, general and admin | $326M | $231M | $281M | $386M | $415M | $541M | $637M | $718M | $818M | $859M |
| Operating income | $88M | $64M | $102M | $90M | $214M | $275M | $126M | $225M | $245M | $214M |
| Interest expense | $22M | $33M | $31M | $22M | $9M | $3M | $4M | $942,000 | — | — |
| Pre-tax income | $65M | $32M | $70M | $67M | $205M | $268M | $116M | $226M | $233M | $220M |
| Income tax | $16M | $17M | $12M | $17M | $49M | $56M | $26M | $56M | $57M | $55M |
| Net income | $48M | $15M | $58M | $50M | $156M | $213M | $90M | $170M | $176M | $165M |
| EPS (diluted) | $0.58 | $0.19 | $0.69 | $0.58 | $1.77 | $2.40 | $1.03 | $1.94 | $2.05 | $2.03 |
| Diluted shares | 83M | 83M | 84M | 86M | 88M | 89M | 87M | 87M | 86M | 82M |
| Gross margin | 50.5% | 46.1% | 49.2% | 52.0% | 57.6% | 57.8% | 47.9% | 56.9% | 58.1% | 57.4% |
| Operating margin | 10.8% | 10.0% | 13.1% | 9.8% | 19.6% | 19.5% | 7.9% | 13.6% | 13.4% | 11.4% |
| Net margin | 5.9% | 2.4% | 7.4% | 5.5% | 14.3% | 15.1% | 5.6% | 10.2% | 9.6% | 8.9% |
Balance sheet
Fiscal years, from YETI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $21M | $54M | $80M | $73M | $253M | $312M | $235M | $439M | $359M | $188M |
| Receivables | — | $67M | $59M | $83M | $65M | $110M | $79M | $96M | $120M | $141M |
| Inventory | — | $175M | $145M | $186M | $140M | $319M | $371M | $337M | $310M | $291M |
| Total current assets | — | $303M | $297M | $361M | $476M | $770M | $719M | $914M | $827M | $660M |
| Property, plant and equipment | — | $74M | $74M | $83M | $78M | $119M | $125M | $131M | $126M | $142M |
| Goodwill | — | $54M | $54M | $54M | $54M | $54M | $54M | $54M | $73M | $72M |
| Total assets | — | $516M | $514M | $630M | $737M | $1.1B | $1.1B | $1.3B | $1.3B | $1.2B |
| Total current liabilities | — | $152M | $187M | $170M | $288M | $404M | $409M | $398M | $380M | $334M |
| Long-term debt | — | $429M | $284M | $282M | $111M | $96M | $72M | $79M | $73M | $68M |
| Total liabilities | — | $593M | $485M | $508M | $449M | $579M | $550M | $574M | $546M | $585M |
| Shareholders' equity | -$95M | -$76M | $29M | $122M | $288M | $518M | $526M | $724M | $740M | $650M |
| Net debt | -$21M | $422M | $248M | $224M | -$120M | -$192M | -$138M | -$356M | -$282M | -$116M |
Cash flow
Fiscal years, from YETI's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29M | $148M | $176M | $87M | $366M | $147M | $101M | $286M | $261M | $255M |
| Capital spending | $36M | $42M | $21M | $32M | $16M | $56M | $46M | $51M | $42M | $43M |
| Free cash flow | -$7M | $106M | $155M | $55M | $351M | $90M | $55M | $235M | $220M | $212M |
| Stock-based compensation | $118M | $13M | $13M | $52M | $9M | $15M | $18M | $30M | $41M | $48M |
| Dividends paid | $454M | $3M | $3M | $636,000 | $0 | $0 | — | — | — | — |
| Share buybacks (net) | — | $0 | -$2M | $0 | $0 | $0 | -$100M | $0 | -$200M | -$298M |
| Net borrowing | $466M | -$46M | -$152M | $31M | -$165M | -$22M | -$22M | -$8M | -$4M | -$4M |
| Free cash flow margin | -0.8% | 16.5% | 19.9% | 6.0% | 32.1% | 6.4% | 3.4% | 14.2% | 12.0% | 11.3% |
| Dividends per share | $5.48 | $0.03 | $0.03 | $0.01 | — | — | — | — | — | — |
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Open YETI in InvestinglyQuestions
What was YETI's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does YETI generate?
$212M in fiscal 2025 (operating cash flow minus capital spending).
From YETI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.