WWW

MKT CAP:$1B

Wolverine World Wide, Inc.

Market Cap

$1B

Consumer Cyclical·Apparel - Footwear & Accessories·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel·🇺🇸·NYSE

Stock Price

$18.63+$0.42 (+2.31%)

Apr 20, 2026

Company Details

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company ...

CEO

Christopher E. Hufnagel

IPO Date

Mar 17, 1980

Website

www.wolverineworldwide.com

Key Metrics TTM

Revenue

$2.2B

-11.2% YoY

Net Income

-$291M

EPS (Diluted)

-$3.73

Free Cash Flow

$265M

Revenue / Share

$27.04

Gross Margin

41.1%

Operating Margin

-14.9%

Net Margin

-13.2%

FCF Margin

12.0%

P/S

0.7x

P/E

—

Earnings Reports

Q4 2025

May 14, 2026

PENDING

FY 2025

Feb 27, 2026

$1.9BEPS $1.14

Q3 2025

Nov 6, 2025

$470MEPS $0.30

Q2 2025

Aug 7, 2025

$474MEPS $0.32

Q1 2023

May 11, 2023

$599MEPS $0.23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 16	$584M	$227M	$42M
Q3 16	$604M	$237M	$69M
Q1 18	$534M	$228M	$62M
Q2 18	$567M	$234M	$68M
Q3 18	$559M	$232M	$68M
Q4 18	$580M	$227M	$54M
Q1 19	$523M	$220M	$52M
Q2 19	$569M	$230M	$56M
Q3 19	$574M	$243M	$68M
Q4 20	$510M	$205M	-$204M
Q2 22	$714M	$307M	$168M
Q3 22	$691M	$278M	$59M
Q4 22	$665M	$224M	-$455M
Q1 23	$599M	$236M	$45M
Q2 25	$474M	$224M	$41M
Q3 25	$470M	$223M	$40M

Valuation

Quarter	P/S	P/E
Q2 16	—	—
Q3 16	—	—
Q1 18	—	—
Q2 18	1.4x	18.5x
Q3 18	1.5x	16.8x
Q4 18	1.3x	14.3x
Q1 19	1.4x	16.1x
Q2 19	1.0x	12.8x
Q3 19	1.0x	13.5x
Q4 20	1.2x	—
Q2 22	0.7x	39.6x
Q3 22	0.5x	30.4x
Q4 22	0.4x	—
Q1 23	0.5x	—
Q2 25	0.6x	—
Q3 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 16	$152M	$133M
Q3 16	$70M	$64M
Q1 18	-$61M	-$65M
Q2 18	$126M	$122M
Q3 18	-$99M	-$106M
Q4 18	$132M	$125M
Q1 19	-$132M	-$140M
Q2 19	$136M	$126M
Q3 19	$12M	$2M
Q4 20	$174M	$169M
Q2 22	-$155M	-$164M
Q3 22	-$242M	-$250M
Q4 22	$311M	$298M
Q1 23	-$98M	-$105M
Q2 25	$45M	$41M
Q3 25	$33M	$30M

Capital Expenditures

Quarter	CapEx
Q2 16	$18M
Q3 16	$6M
Q1 18	$3M
Q2 18	$5M
Q3 18	$7M
Q4 18	$6M
Q1 19	$8M
Q2 19	$11M
Q3 19	$10M
Q4 20	$4M
Q2 22	$9M
Q3 22	$7M
Q4 22	$13M
Q1 23	$7M
Q2 25	$3M
Q3 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	-4.3%	-9.5%
Q4 18	-4.0%	-1.7%
Q1 19	-2.0%	-0.3%
Q2 19	+0.3%	+2.9%
Q3 19	+2.8%	+3.2%
Q4 20	-12.1%	+35.8%
Q2 22	+36.3%	+15.9%
Q3 22	+21.6%	+23.3%
Q4 22	+15.8%	+121.3%
Q1 23	+17.6%	-22.4%
Q2 25	-33.5%	-20.6%
Q3 25	-32.0%	-31.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 16	$4M	0.7%
Q3 16	$4M	0.6%
Q1 18	$8M	1.5%
Q2 18	$6M	1.1%
Q3 18	$7M	1.3%
Q4 18	$10M	1.7%
Q1 19	$7M	1.3%
Q2 19	$4M	0.6%
Q3 19	$7M	1.2%
Q4 20	$0	0.0%
Q2 22	$9M	1.3%
Q3 22	$7M	1.0%
Q4 22	$7M	1.1%
Q1 23	$5M	0.8%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 16	$182M	$900.0K	—
Q3 16	—	—	$167M
Q1 18	—	—	$164M
Q2 18	—	—	$163M
Q3 18	—	—	$162M
Q4 18	$45M	$121M	—
Q1 19	—	—	$164M
Q2 19	—	—	$169M
Q3 19	—	—	$166M
Q4 20	—	—	$182M
Q2 22	—	—	$229M
Q3 22	—	—	$217M
Q4 22	—	—	$249M
Q1 23	—	—	$212M
Q2 25	—	—	$182M
Q3 25	—	—	$183M

Revenue Segments

Quarter	Other Segments	Wolverine Boston Group	Wolverine Heritage Group	Wolverine Multi-Brand Group	Wolverine Outdoor and Lifestyle Group	Wolverine Michigan Group	Active Group	Lifestyle Group	Work Group
Q2 16	$19M	$218M	$74M	$70M	$203M	—	—	—	—
Q3 16	$16M	$202M	$86M	$81M	$219M	—	—	—	—
Q1 18	$19M	$219M	$73M	—	$223M	—	—	—	—
Q2 18	$22M	$231M	$74M	—	$240M	—	—	—	—
Q3 18	$16M	$215M	$84M	—	$244M	—	—	—	—
Q1 19	$16M	$205M	—	—	—	$303M	—	—	—
Q2 19	$20M	$231M	—	—	—	$318M	—	—	—
Q3 19	$14M	$241M	—	—	—	$319M	—	—	—
Q2 22	$70M	$254M	—	—	—	$390M	—	—	—
Q3 22	$54M	$248M	—	—	—	$390M	—	—	—
Q1 23	$14M	—	—	—	—	—	$386M	$85M	$115M
Q2 25	$11M	—	—	—	—	—	$356M	—	$108M
Q3 25	$12M	—	—	—	—	—	$353M	—	$106M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$150M	$0	$150M
Q2 22	$149M	$0	$149M
Q3 22	$136M	$0	$136M
Q4 22	$132M	$0	$132M
Q1 23	$116M	$0	$116M
Q2 23	$177M	$0	$177M
Q3 23	$160M	$0	$160M
Q4 23	$179M	$0	$179M
Q1 24	$170M	$0	$170M
Q2 24	$148M	$0	$148M
Q3 24	$140M	$0	$140M
Q4 24	$152M	$0	$152M
Q1 25	$107M	$0	$107M
Q2 25	$141M	$0	$141M
Q3 25	$134M	$0	$134M
Q4 25	$206M	$0	$206M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 16	99M	—	—
Q3 16	99M	-0.8%	—
Q1 18	96M	-3.1%	—
Q2 18	95M	-0.6%	—
Q3 18	95M	+0.3%	-4.2%
Q4 18	94M	-1.7%	-5.0%
Q1 19	92M	-2.0%	-4.0%
Q2 19	88M	-3.8%	-7.1%
Q3 19	84M	-5.0%	-12.0%
Q4 20	82M	-2.1%	-12.3%
Q2 22	80M	-2.7%	-13.0%
Q3 22	79M	-1.3%	-10.6%
Q4 22	79M	-0.1%	-6.1%
Q1 23	79M	+0.5%	-3.6%
Q2 25	81M	+2.4%	+1.5%
Q3 25	82M	+0.7%	+3.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 16	$13M	45
Q3 16	$13M	45
Q1 18	$12M	45
Q2 18	$13M	45
Q3 18	$12M	45
Q4 18	$13M	45
Q1 19	$12M	45
Q2 19	$13M	45
Q3 19	$13M	45
Q4 20	$11M	45
Q2 22	$16M	45
Q3 22	$15M	45
Q4 22	$15M	45
Q1 23	$13M	45
Q2 25	$11M	45
Q3 25	$10M	45

Revenue / Employee