Recent News
On September 17, 2026 YETI held an Investor Day unveiling a long-term growth strategy and financial framework emphasizing vertical consumer strategies, channel expansion, and disciplined go-to-market execution. The company also rolled out new drinkware and brand collections during summer 2026, including a Yonder Drinkware launch and a Seafoam/Sea View collection reintroduction; media outlets compiled an extended list of notable 2026 product releases.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX at 33.43 signals a strong trend; DI+ shows a dip & reversal while DI- is decreasing, which together bias momentum toward the upside and supports the near-term valuation outlook toward the price target mean.
MACD: MACD at -1.47 has crossed above its signal line (-1.76), indicating bullish momentum is building despite the negative absolute MACD value; that crossover aligns with directional indicators and favors further price recovery toward short-term targets.
MRO (Momentum/Regression Oscillator): MRO at -12.19 sits below zero, indicating price below the modeled target and implying potential for upward pressure toward valuation levels.
RSI: RSI at 43.53 shows a dip & reversal, indicating renewed buying momentum from a lower range without overbought extremes, which supports continued consolidation above recent averages.
Price vs. Moving Averages & Bands: Last close at $42.21 sits above the 20-day average ($40.72) but below the 50-day ($46.08) and 200-day ($44.47) averages. Price trades between the 1x and 2x upper Bollinger bands (upper1x $41.57; upper2x $42.43) and below the SuperTrend upper level ($43.42), signaling upside room toward the mean analyst target while encountering intermediate resistance at the stated averages.
Fundamental Analysis
Profitability & Margins: Operating (EBIT) margin at 19.33% and gross margin at 66.66% reflect strong unit economics; EBIT of $93,518,000 and EBITDA of $107,889,000 show operating profitability. The operating margin sits below the industry peer mean (24.48%) and median (30.44%) but above the industry peer low (1.22%), indicating margin strength versus lower-tier peers while trailing top-quartile peers.
Revenue & Earnings Trends: Total revenue reached $483,868,000. Year-over-year revenue growth registers approximately 0.77% YoY, with quarter-over-quarter movement modestly negative (-1.78% QoQ). Reported EPS of $0.67 beat consensus of $0.55 by $0.12, an EPS surprise of 21.82%.
Cash Flow & Capital Structure: Operating cash flow at $62,450,000 and free cash flow of $37,024,000 deliver a free cash flow yield near 1.05%. Net debt approximates $40,968,000 with total debt $253,034,000; debt-to-EBITDA stands at ~2.35x and debt-to-equity near 41.52%, while interest coverage remains robust at ~243.54x, indicating manageable leverage given cash generation.
Efficiency & Returns: Return on equity stands near 11.70% and return on invested capital near 9.97%, with revenue per share around $6.63. Inventory days remain elevated (about 182 days), and the cash conversion cycle sits at 115 days, suggesting working-capital intensity requiring monitoring as product cadence scales.
Valuation: Trailing PE near 72.32 and forward PE around 53.45 reflect premium multiple expectations tied to brand strength and growth; EV/revenue and price-to-book sit at elevated levels (enterprise multiple ~34.57, P/B ~5.80, P/S ~7.31). The current valuation as determined by WMDST: under-valued relative to the modeled target, supported by margin durability, cash flow generation, and manageable leverage.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-13 |
| NEXT REPORT DATE: | 2026-11-12 |
| CASH FLOW | Begin Period Cash Flow | $ 127.8 M |
| Operating Cash Flow | $ 62.5 M | |
| Capital Expenditures | $ -25.43 M | |
| Change In Working Capital | $ -37.21 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -67.97 M | |
| End Period Cash Flow | $ 59.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 483.9 M | |
| Forward Revenue | $ 103.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 161.3 M | |
| Depreciation | $ 14.4 M | |
| Depreciation and Amortization | $ 14.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 390.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 322.5 M | |
| EBITDA | $ 107.9 M | |
| EBIT | $ 93.5 M | |
| Operating Income | $ 93.5 M | |
| Interest Income | $ 1.6 M | |
| Interest Expense | — | |
| Net Interest Income | $ 1.6 M | |
| Income Before Tax | $ 94.2 M | |
| Tax Provision | $ 22.9 M | |
| Tax Rate | 24.3 % | |
| Net Income | $ 71.3 M | |
| Net Income From Continuing Operations | $ 71.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.55 | |
| EPS Actual | $ 0.67 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 21.818 % | |
| Forward EPS | $ 0.84 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.3 B | |
| Intangible Assets | $ 298.4 M | |
| Net Tangible Assets | $ 311.1 M | |
| Total Current Assets | $ 717.0 M | |
| Cash and Short-Term Investments | $ 59.8 M | |
| Cash | $ 59.8 M | |
| Net Receivables | $ 174.8 M | |
| Inventory | $ 359.1 M | |
| Long-Term Investments | $ 9.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 209.8 M | |
| Short-Term Debt | $ 4.3 M | |
| Total Current Liabilities | $ 409.6 M | |
| Net Debt | $ 41.0 M | |
| Total Debt | $ 253.0 M | |
| Total Liabilities | $ 692.2 M | |
| EQUITY | ||
| Total Equity | $ 609.5 M | |
| Retained Earnings | $ 860.7 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 8.35 | |
| Shares Outstanding | 72.982 M | |
| Revenue Per-Share | $ 6.63 | |
| VALUATION | Market Capitalization | $ 3.5 B |
| Enterprise Value | $ 3.7 B | |
| Enterprise Multiple | 34.566 | |
| Enterprise Multiple QoQ | -70.921 % | |
| Enterprise Multiple YoY | -4.685 % | |
| Enterprise Multiple IPRWA | high: 97.22 median: 65.977 mean: 58.104 YETI: 34.566 low: -4.997 |
|
| EV/R | 7.707 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.136 | |
| Asset To Liability | 1.881 | |
| Debt To Capital | 0.293 | |
| Debt To Assets | 0.194 | |
| Debt To Assets QoQ | 5.452 % | |
| Debt To Assets YoY | 43.116 % | |
| Debt To Assets IPRWA | high: 0.831 mean: 0.21 YETI: 0.194 low: 0.016 median: 0.016 |
|
| Debt To Equity | 0.415 | |
| Debt To Equity QoQ | 21.963 % | |
| Debt To Equity YoY | 88.294 % | |
| Debt To Equity IPRWA | high: 1.392 YETI: 0.415 mean: 0.323 low: 0.02 median: 0.02 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.802 | |
| Price To Book QoQ | 25.836 % | |
| Price To Book YoY | 65.222 % | |
| Price To Book IPRWA | high: 6.505 YETI: 5.802 median: 5.13 mean: 4.744 low: -4.623 |
|
| Price To Earnings (P/E) | 72.316 | |
| Price To Earnings QoQ | -53.208 % | |
| Price To Earnings YoY | 41.798 % | |
| Price To Earnings IPRWA | high: 89.468 median: 85.451 mean: 74.182 YETI: 72.316 low: 17.493 |
|
| PE/G Ratio | 0.459 | |
| Price To Sales (P/S) | 7.308 | |
| Price To Sales QoQ | -8.627 % | |
| Price To Sales YoY | 15.605 % | |
| Price To Sales IPRWA | high: 10.55 median: 7.334 YETI: 7.308 mean: 6.841 low: 1.439 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 53.447 | |
| Forward PE/G | 0.339 | |
| Forward P/S | 33.942 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 23.97 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.384 | |
| Asset Turnover Ratio QoQ | 23.849 % | |
| Asset Turnover Ratio YoY | 9.403 % | |
| Asset Turnover Ratio IPRWA | YETI: 0.384 high: 0.34 mean: 0.207 median: 0.181 low: 0.177 |
|
| Receivables Turnover | 3.114 | |
| Receivables Turnover Ratio QoQ | 13.543 % | |
| Receivables Turnover Ratio YoY | -0.794 % | |
| Receivables Turnover Ratio IPRWA | high: 3.927 YETI: 3.114 median: 1.931 mean: 1.882 low: 1.187 |
|
| Inventory Turnover | 0.476 | |
| Inventory Turnover Ratio QoQ | -14.791 % | |
| Inventory Turnover Ratio YoY | -14.939 % | |
| Inventory Turnover Ratio IPRWA | high: 1.697 mean: 0.641 YETI: 0.476 median: 0.398 low: 0.247 |
|
| Days Sales Outstanding (DSO) | 29.306 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 115.377 | |
| Cash Conversion Cycle Days QoQ | 22.992 % | |
| Cash Conversion Cycle Days YoY | -20.954 % | |
| Cash Conversion Cycle Days IPRWA | high: 300.634 median: 244.218 mean: 182.666 YETI: 115.377 low: 25.023 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.574 | |
| CapEx To Revenue | -0.053 | |
| CapEx To Depreciation | -1.769 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 705.9 M | |
| Net Invested Capital | $ 710.3 M | |
| Invested Capital | $ 710.3 M | |
| Net Tangible Assets | $ 311.1 M | |
| Net Working Capital | $ 307.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.146 | |
| Current Ratio | 1.751 | |
| Current Ratio QoQ | -16.706 % | |
| Current Ratio YoY | -30.464 % | |
| Current Ratio IPRWA | high: 5.439 median: 3.028 mean: 2.606 YETI: 1.751 low: 0.566 |
|
| Quick Ratio | 0.874 | |
| Quick Ratio QoQ | -17.565 % | |
| Quick Ratio YoY | -40.858 % | |
| Quick Ratio IPRWA | high: 2.579 median: 2.085 mean: 1.8 YETI: 0.874 low: 0.351 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.345 | |
| Cost Of Debt | 0.122 % | |
| Interest Coverage Ratio | 243.536 | |
| Interest Coverage Ratio QoQ | 651.873 % | |
| Interest Coverage Ratio YoY | 50.777 % | |
| Interest Coverage Ratio IPRWA | YETI: 243.536 high: 138.582 median: 18.952 mean: 14.625 low: -6.794 |
|
| Operating Cash Flow Ratio | 0.169 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 95.537 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.819 % | |
| Revenue Growth | 27.195 % | |
| Revenue Growth QoQ | -178.084 % | |
| Revenue Growth YoY | 0.767 % | |
| Revenue Growth IPRWA | high: 31.449 % YETI: 27.195 % median: 15.318 % mean: 14.53 % low: -16.822 % |
|
| Earnings Growth | 157.692 % | |
| Earnings Growth QoQ | -343.108 % | |
| Earnings Growth YoY | 39.67 % | |
| Earnings Growth IPRWA | high: 350.0 % YETI: 157.692 % median: 35.096 % mean: 30.868 % low: -336.364 % |
|
| MARGINS | ||
| Gross Margin | 66.655 % | |
| Gross Margin QoQ | 20.625 % | |
| Gross Margin YoY | 15.39 % | |
| Gross Margin IPRWA | high: 68.208 % YETI: 66.655 % median: 62.412 % mean: 58.76 % low: 26.193 % |
|
| EBIT Margin | 19.327 % | |
| EBIT Margin QoQ | 491.04 % | |
| EBIT Margin YoY | 38.943 % | |
| EBIT Margin IPRWA | high: 30.439 % median: 30.439 % mean: 24.483 % YETI: 19.327 % low: 1.223 % |
|
| Return On Sales (ROS) | 19.327 % | |
| Return On Sales QoQ | 491.04 % | |
| Return On Sales YoY | 38.943 % | |
| Return On Sales IPRWA | high: 30.439 % median: 30.439 % mean: 24.396 % YETI: 19.327 % low: -0.765 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 37.0 M | |
| Free Cash Flow Yield | 1.047 % | |
| Free Cash Flow Yield QoQ | -167.505 % | |
| Free Cash Flow Yield YoY | -35.29 % | |
| Free Cash Flow Yield IPRWA | high: 14.87 % mean: 1.277 % YETI: 1.047 % median: 0.595 % low: -7.816 % |
|
| Free Cash Growth | -178.481 % | |
| Free Cash Growth QoQ | 36.27 % | |
| Free Cash Growth YoY | 20.909 % | |
| Free Cash Growth IPRWA | high: 314.606 % median: -41.245 % mean: -60.752 % YETI: -178.481 % low: -488.576 % |
|
| Free Cash To Net Income | 0.519 | |
| Cash Flow Margin | 14.347 % | |
| Cash Flow To Earnings | 0.973 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 5.659 % | |
| Return On Assets QoQ | 604.732 % | |
| Return On Assets YoY | 40.561 % | |
| Return On Assets IPRWA | YETI: 5.659 % high: 4.844 % median: 4.844 % mean: 3.927 % low: -0.287 % |
|
| Return On Capital Employed (ROCE) | 10.483 % | |
| Return On Equity (ROE) | 0.117 | |
| Return On Equity QoQ | 683.724 % | |
| Return On Equity YoY | 83.632 % | |
| Return On Equity IPRWA | high: 0.228 YETI: 0.117 mean: 0.089 median: 0.06 low: -0.009 |
|
| DuPont ROE | 11.236 % | |
| Return On Invested Capital (ROIC) | 9.967 % | |
| Return On Invested Capital QoQ | 632.329 % | |
| Return On Invested Capital YoY | 88.092 % | |
| Return On Invested Capital IPRWA | YETI: 9.967 % high: 7.149 % median: 5.674 % mean: 5.017 % low: 0.191 % |
|