Recent News
On July 23, 2026 the company announced it would report second-quarter fiscal 2026 results on August 13, 2026 and host a conference call before market open. On July 20–22, 2026 Goldman Sachs upgraded YETI from Neutral to Buy and raised its target to $63, prompting several outlets to report increased analyst interest. The most recent SEC filing listed on the investor site is a Form SD dated May 20, 2026.
Technical Analysis
ADX at 17.39 signals no established trend; simultaneous DI+ decreasing (21.04) and DI- dip-and-reversal (27.56) convey bearish directional pressure, which undermines near-term upside relative to the current valuation.
MACD sits negative at -0.54 and has peak-and-reversed, with the MACD below its signal line (signal 0.34); that combination signals bearish momentum and limits follow-through on positive analyst headlines.
MRO reads 6.33 with a peak-and-reversal; the positive MRO indicates price sits modestly above the internal target and may pull back, suggesting limited upside from current levels.
RSI near 50 (49.85) with a peak-and-reversal indicates momentum weakening rather than oversold conditions, aligning with other indicators that favor range-bound-to-lower near-term movement.
Price trades below the 20‑day (49.72), 50‑day (49.54) and 200‑day (43.95) averages while the 12‑day EMA shows a peak-and-reversal; price currently sits inside the lower Bollinger band region (lower 1σ $46.22, lower 2σ $42.72), reinforcing downside vulnerability against the stock’s elevated valuation.
Fundamental Analysis
Earnings: Reported EPS came in at $0.67 versus an estimate of $0.55, an EPS surprise of $0.12 equal to a 21.82% beat; forward EPS sits at $0.8416 with a forward P/E of 50.37x. These figures show positive near-term earnings beats but a stretched multiple on forward earnings.
Margins & profitability: EBIT (operating income) equals $12,438,000 and EBIT margin stands at 3.27%. That EBIT margin falls well below the industry peer mean of 21.117% and the industry peer median of 24.617%. QoQ EBIT margin declined roughly 76.91% and YoY declined about 47.02%, indicating meaningful margin compression quarter-over-quarter and year-over-year.
Revenue and growth: Total revenue equals $380,414,000 with revenue growth year‑over‑year of -2.59% and a reported quarter-over-quarter figure of -277.06% (as provided). Reported earnings growth shows a steep QoQ decline (-404.37%) but a smaller YoY decline (-5.99%). These readings reflect recent volatility in top-line and bottom-line trends.
Cash flow & liquidity: Operating cash flow stands negative at -$32,649,000 and free cash flow at -$47,176,000, yielding a free cash flow yield of -1.55%. Current ratio equals 2.10 and quick ratio 1.06, both below the industry peer mean current ratio of 3.37596 and quick ratio mean of 2.33918, indicating less liquidity cushion versus the peer mean despite a positive cash balance of $127,791,000.
Leverage & coverage: Total debt equals $224,631,000 with debt-to-assets of 18.43% and debt-to-equity of 0.34, modest relative leverage by those measures. Debt-to-EBITDA sits at 8.51x, however, signaling elevated leverage when measured against current operating earnings. Interest coverage remains strong at 32.39x, indicating capacity to service interest despite leverage on an EBITDA basis.
Margins and unit economics: Gross margin registers about 55.26%, slightly below the industry peer mean of 55.91% but broadly in line with peer median. Asset turnover stands at 0.31x, above the industry peer mean of 0.18468x, reflecting comparatively efficient revenue generation from assets even as revenue growth decelerates.
Valuation: Price multiples present a stretched picture—trailing P/E about 154.55x, forward P/E about 50.37x, P/S roughly 8.00x and P/B about 4.61x (essentially in line with the industry peer mean P/B of 4.61691). Enterprise multiple and EV/Revenue metrics also rank high. The current WMDST valuation classification: over-valued, driven by elevated earnings multiples versus the company’s near-term margin and cash-flow dynamics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-08-13 |
| NEXT REPORT DATE: | 2026-11-12 |
| CASH FLOW | Begin Period Cash Flow | $ 188.3 M |
| Operating Cash Flow | $ -32.65 M | |
| Capital Expenditures | $ -14.53 M | |
| Change In Working Capital | $ -73.24 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -60.55 M | |
| End Period Cash Flow | $ 127.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 380.4 M | |
| Forward Revenue | $ 615.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 170.2 M | |
| Depreciation | $ 14.0 M | |
| Depreciation and Amortization | $ 14.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 368.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 210.2 M | |
| EBITDA | $ 26.4 M | |
| EBIT | $ 12.4 M | |
| Operating Income | $ 12.4 M | |
| Interest Income | $ -1.12 M | |
| Interest Expense | — | |
| Net Interest Income | $ -1.12 M | |
| Income Before Tax | $ 12.3 M | |
| Tax Provision | $ 2.4 M | |
| Tax Rate | 19.9 % | |
| Net Income | $ 9.9 M | |
| Net Income From Continuing Operations | $ 9.9 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 | $ 1.2 B | |
| Intangible Assets | $ 296.2 M | |
| Net Tangible Assets | $ 363.7 M | |
| Total Current Assets | $ 642.3 M | |
| Cash and Short-Term Investments | $ 127.8 M | |
| Cash | $ 127.8 M | |
| Net Receivables | $ 136.0 M | |
| Inventory | $ 318.4 M | |
| Long-Term Investments | $ 9.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 146.6 M | |
| Short-Term Debt | $ 4.7 M | |
| Total Current Liabilities | $ 305.6 M | |
| Net Debt | — | |
| Total Debt | $ 224.6 M | |
| Total Liabilities | $ 558.7 M | |
| EQUITY | ||
| Total Equity | $ 659.9 M | |
| Retained Earnings | $ 789.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 8.72 | |
| Shares Outstanding | 75.719 M | |
| Revenue Per-Share | $ 5.02 | |
| VALUATION | Market Capitalization | $ 3.0 B |
| Enterprise Value | $ 3.1 B | |
| Enterprise Multiple | 118.872 | |
| Enterprise Multiple QoQ | 225.903 % | |
| Enterprise Multiple YoY | 60.973 % | |
| Enterprise Multiple IPRWA | YETI: 118.872 high: 99.943 median: 90.335 mean: 72.96 low: -139.082 |
|
| EV/R | 8.253 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.847 | |
| Asset To Liability | 2.181 | |
| Debt To Capital | 0.254 | |
| Debt To Assets | 0.184 | |
| Debt To Assets QoQ | -0.324 % | |
| Debt To Assets YoY | 24.606 % | |
| Debt To Assets IPRWA | high: 0.857 mean: 0.224 YETI: 0.184 low: 0.015 median: 0.015 |
|
| Debt To Equity | 0.34 | |
| Debt To Equity QoQ | -3.114 % | |
| Debt To Equity YoY | 42.066 % | |
| Debt To Equity IPRWA | high: 1.651 mean: 0.362 YETI: 0.34 low: 0.018 median: 0.018 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.61 | |
| Price To Book QoQ | -14.127 % | |
| Price To Book YoY | 33.094 % | |
| Price To Book IPRWA | high: 6.75 median: 4.958 mean: 4.617 YETI: 4.61 low: 0.58 |
|
| Price To Earnings (P/E) | 154.547 | |
| Price To Earnings QoQ | 154.878 % | |
| Price To Earnings YoY | 49.822 % | |
| Price To Earnings IPRWA | YETI: 154.547 high: 146.08 median: 115.758 mean: 88.377 low: -120.519 |
|
| PE/G Ratio | -2.383 | |
| Price To Sales (P/S) | 7.998 | |
| Price To Sales QoQ | 33.719 % | |
| Price To Sales YoY | 6.076 % | |
| Price To Sales IPRWA | high: 13.217 mean: 8.199 YETI: 7.998 median: 7.396 low: 1.11 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 50.366 | |
| Forward PE/G | -0.776 | |
| Forward P/S | 5.054 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.439 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.31 | |
| Asset Turnover Ratio QoQ | -33.726 % | |
| Asset Turnover Ratio YoY | 11.429 % | |
| Asset Turnover Ratio IPRWA | high: 0.319 YETI: 0.31 mean: 0.185 median: 0.16 low: 0.133 |
|
| Receivables Turnover | 2.742 | |
| Receivables Turnover Ratio QoQ | -29.799 % | |
| Receivables Turnover Ratio YoY | -5.996 % | |
| Receivables Turnover Ratio IPRWA | high: 2.808 YETI: 2.742 median: 1.598 mean: 1.572 low: 0.921 |
|
| Inventory Turnover | 0.559 | |
| Inventory Turnover Ratio QoQ | -29.263 % | |
| Inventory Turnover Ratio YoY | 19.829 % | |
| Inventory Turnover Ratio IPRWA | high: 1.555 mean: 0.636 YETI: 0.559 median: 0.393 low: 0.285 |
|
| Days Sales Outstanding (DSO) | 33.276 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 93.809 | |
| Cash Conversion Cycle Days QoQ | 1.075 % | |
| Cash Conversion Cycle Days YoY | -8.648 % | |
| Cash Conversion Cycle Days IPRWA | high: 356.219 median: 211.346 mean: 168.186 YETI: 93.809 low: 59.032 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.13 | |
| CapEx To Revenue | -0.038 | |
| CapEx To Depreciation | -1.04 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 727.3 M | |
| Net Invested Capital | $ 732.0 M | |
| Invested Capital | $ 732.0 M | |
| Net Tangible Assets | $ 363.7 M | |
| Net Working Capital | $ 336.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.418 | |
| Current Ratio | 2.102 | |
| Current Ratio QoQ | 6.413 % | |
| Current Ratio YoY | -18.574 % | |
| Current Ratio IPRWA | high: 5.649 median: 4.361 mean: 3.376 YETI: 2.102 low: 0.581 |
|
| Quick Ratio | 1.06 | |
| Quick Ratio QoQ | -4.143 % | |
| Quick Ratio YoY | -27.85 % | |
| Quick Ratio IPRWA | high: 3.015 median: 3.015 mean: 2.339 YETI: 1.06 low: 0.379 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 8.506 | |
| Cost Of Debt | 0.136 % | |
| Interest Coverage Ratio | 32.391 | |
| Interest Coverage Ratio QoQ | -84.956 % | |
| Interest Coverage Ratio YoY | -42.605 % | |
| Interest Coverage Ratio IPRWA | YETI: 32.391 high: 31.5 median: 13.291 mean: 9.966 low: -23.679 |
|
| Operating Cash Flow Ratio | 0.026 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 53.883 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.36 % | |
| Revenue Growth | -34.828 % | |
| Revenue Growth QoQ | -277.062 % | |
| Revenue Growth YoY | -2.59 % | |
| Revenue Growth IPRWA | high: 57.782 % mean: -14.26 % median: -17.481 % YETI: -34.828 % low: -51.192 % |
|
| Earnings Growth | -64.865 % | |
| Earnings Growth QoQ | -404.373 % | |
| Earnings Growth YoY | -5.993 % | |
| Earnings Growth IPRWA | high: 100.0 % median: -25.448 % mean: -59.726 % YETI: -64.865 % low: -415.556 % |
|
| MARGINS | ||
| Gross Margin | 55.258 % | |
| Gross Margin QoQ | -5.377 % | |
| Gross Margin YoY | -3.815 % | |
| Gross Margin IPRWA | high: 68.626 % median: 59.441 % mean: 55.91 % YETI: 55.258 % low: 4.347 % |
|
| EBIT Margin | 3.27 % | |
| EBIT Margin QoQ | -76.913 % | |
| EBIT Margin YoY | -47.019 % | |
| EBIT Margin IPRWA | high: 28.584 % median: 24.617 % mean: 21.117 % YETI: 3.27 % low: -8.384 % |
|
| Return On Sales (ROS) | 3.27 % | |
| Return On Sales QoQ | -74.722 % | |
| Return On Sales YoY | -47.019 % | |
| Return On Sales IPRWA | high: 27.025 % median: 24.617 % mean: 19.985 % YETI: 3.27 % low: -9.067 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -47.18 M | |
| Free Cash Flow Yield | -1.551 % | |
| Free Cash Flow Yield QoQ | -135.557 % | |
| Free Cash Flow Yield YoY | -57.143 % | |
| Free Cash Flow Yield IPRWA | high: 8.053 % median: 1.021 % mean: 0.74 % YETI: -1.551 % low: -5.067 % |
|
| Free Cash Growth | -130.976 % | |
| Free Cash Growth QoQ | -165.521 % | |
| Free Cash Growth YoY | -14.327 % | |
| Free Cash Growth IPRWA | high: 111.972 % median: 9.255 % mean: -20.674 % YETI: -130.976 % low: -351.778 % |
|
| Free Cash To Net Income | -4.789 | |
| Cash Flow Margin | 2.059 % | |
| Cash Flow To Earnings | 0.795 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.803 % | |
| Return On Assets QoQ | -82.79 % | |
| Return On Assets YoY | -38.982 % | |
| Return On Assets IPRWA | high: 3.692 % median: 3.692 % mean: 3.08 % YETI: 0.803 % low: -2.757 % |
|
| Return On Capital Employed (ROCE) | 1.362 % | |
| Return On Equity (ROE) | 0.015 | |
| Return On Equity QoQ | -83.326 % | |
| Return On Equity YoY | -31.293 % | |
| Return On Equity IPRWA | high: 0.099 median: 0.044 mean: 0.038 YETI: 0.015 low: -0.109 |
|
| DuPont ROE | 1.504 % | |
| Return On Invested Capital (ROIC) | 1.361 % | |
| Return On Invested Capital QoQ | -84.529 % | |
| Return On Invested Capital YoY | -25.628 % | |
| Return On Invested Capital IPRWA | high: 5.509 % median: 3.991 % mean: 3.839 % YETI: 1.361 % low: -1.748 % |
|