YETI

MKT CAP:$3B

YETI Holdings, Inc.

Market Cap

$3B

Consumer Cyclical·Leisure·🇺🇸 United States·NYSE

Consumer Cyc.·Leisure·🇺🇸·NYSE

Stock Price

$40.83-$4.01 (-8.94%)

Apr 20, 2026

Company Details

YETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories...

CEO

Matthew J. Reintjes

IPO Date

Oct 25, 2018

Website

www.YETI.com

Key Metrics TTM

Revenue

$1.9B

+2.1% YoY

Net Income

$165M

EPS (Diluted)

$2.03

Free Cash Flow

$212M

Revenue / Share

$23.88

Gross Margin

57.4%

Operating Margin

11.4%

Net Margin

8.9%

FCF Margin

11.3%

P/S

1.6x

P/E

18.4x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 27, 2026

$1.9B+2.1%EPS $2.03

Q4 2025

Feb 27, 2026

$584M+6.8%EPS $0.74

Q3 2025

Nov 6, 2025

$488M+1.9%EPS $0.48

Q2 2025

Aug 7, 2025

$446M-3.8%EPS $0.61

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$294M	$155M	$33M
Q2 22	$420M	$219M	$68M
Q3 22	$434M	$222M	$68M
Q4 22	$448M	$167M	-$44M
Q1 23	$303M	$162M	$15M
Q2 23	$403M	$215M	$50M
Q3 23	$434M	$251M	$62M
Q4 23	$520M	$315M	$98M
Q1 24	$341M	$195M	$26M
Q2 24	$463M	$264M	$67M
Q3 24	$478M	$278M	$70M
Q4 24	$547M	$326M	$83M
Q1 25	$351M	$202M	$22M
Q2 25	$446M	$258M	$62M
Q3 25	$488M	$273M	$54M
Q4 25	$584M	$341M	$76M

Valuation

Quarter	P/S	P/E
Q1 22	3.6x	25.4x
Q2 22	2.7x	20.7x
Q3 22	1.6x	13.4x
Q4 22	2.3x	41.2x
Q1 23	2.2x	46.6x
Q2 23	2.1x	50.8x
Q3 23	2.5x	63.2x
Q4 23	2.4x	23.8x
Q1 24	2.0x	19.0x
Q2 24	1.8x	17.0x
Q3 24	1.9x	17.3x
Q4 24	1.8x	18.6x
Q1 25	1.5x	15.7x
Q2 25	1.4x	14.7x
Q3 25	1.5x	17.6x
Q4 25	2.0x	22.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$89M	-$105M
Q2 22	$14M	-$2M
Q3 22	$2M	-$4M
Q4 22	$173M	$157M
Q1 23	-$47M	-$57M
Q2 23	$73M	$58M
Q3 23	$86M	$60M
Q4 23	$171M	$159M
Q1 24	-$104M	-$126M
Q2 24	$56M	$42M
Q3 24	$84M	$74M
Q4 24	$226M	$181M
Q1 25	-$80M	-$96M
Q2 25	$61M	$57M
Q3 25	$101M	$89M
Q4 25	$173M	$162M

Capital Expenditures

Quarter	CapEx
Q1 22	$16M
Q2 22	$16M
Q3 22	$6M
Q4 22	$16M
Q1 23	$10M
Q2 23	$15M
Q3 23	$26M
Q4 23	$12M
Q1 24	$22M
Q2 24	$14M
Q3 24	$10M
Q4 24	$44M
Q1 25	$16M
Q2 25	$4M
Q3 25	$12M
Q4 25	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+18.6%	+25.5%
Q2 22	+17.4%	+23.3%
Q3 22	+19.6%	+24.2%
Q4 22	+1.1%	+40.7%
Q1 23	+3.1%	+10.5%
Q2 23	-4.2%	+0.2%
Q3 23	+0.0%	+1.8%
Q4 23	+16.0%	-14.3%
Q1 24	+12.7%	+9.7%
Q2 24	+15.1%	+12.4%
Q3 24	+10.4%	+10.0%
Q4 24	+5.1%	+10.1%
Q1 25	+2.9%	+4.4%
Q2 25	-3.8%	-3.1%
Q3 25	+1.9%	+6.0%
Q4 25	+6.8%	+9.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$5M	1.6%
Q2 22	$5M	1.3%
Q3 22	$5M	1.1%
Q4 22	$3M	0.7%
Q1 23	$7M	2.2%
Q2 23	$0	0.0%
Q3 23	$8M	1.8%
Q4 23	$8M	1.5%
Q1 24	$8M	2.5%
Q2 24	$9M	1.9%
Q3 24	$9M	1.8%
Q4 24	$15M	2.7%
Q1 25	$10M	2.9%
Q2 25	$11M	2.5%
Q3 25	$11M	2.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$122M
Q2 22	$151M
Q3 22	$154M
Q4 22	$211M
Q1 23	$147M
Q2 23	$165M
Q3 23	$189M
Q4 23	$217M
Q1 24	$169M
Q2 24	$197M
Q3 24	$208M
Q4 24	$244M
Q1 25	$180M
Q2 25	$196M
Q3 25	$218M
Q4 25	$265M

Revenue Segments

Quarter	Coolers And Equipment	Drinkware	Product and Service, Other
Q1 22	$103M	$184M	$7M
Q2 22	$193M	$216M	$11M
Q3 22	$186M	$239M	$9M
Q4 22	$130M	$308M	$9M
Q1 23	$104M	$190M	$8M
Q2 23	$157M	$233M	$13M
Q3 23	$172M	$253M	$9M
Q1 24	$120M	$215M	$7M
Q2 24	$206M	$247M	$11M
Q3 24	$193M	$275M	$11M
Q1 25	$140M	$206M	$5M
Q2 25	$201M	$236M	$9M
Q3 25	$215M	$264M	$9M
Q4 25	$192M	$380M	$11M

Revenue by Geography

Quarter	Other Than United States	United States
Q1 22	$37M	$256M
Q2 22	$48M	$372M
Q3 22	$56M	$377M
Q4 22	$59M	$389M
Q1 23	$50M	$253M
Q2 23	$57M	$346M
Q3 23	$68M	$366M
Q1 24	$66M	$276M
Q2 24	$77M	$387M
Q3 24	$88M	$390M
Q1 25	$80M	$271M
Q2 25	$78M	$368M
Q3 25	$100M	$387M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$100M	$0	$100M
Q2 22	$92M	$0	$92M
Q3 22	$78M	$0	$78M
Q4 22	$235M	$0	$235M
Q1 23	$168M	$0	$168M
Q2 23	$223M	$0	$223M
Q3 23	$281M	$0	$281M
Q4 23	$439M	$0	$439M
Q1 24	$174M	$0	$174M
Q2 24	$213M	$0	$213M
Q3 24	$280M	$0	$280M
Q4 24	$359M	$0	$359M
Q1 25	$259M	$0	$259M
Q2 25	$270M	$0	$270M
Q3 25	$164M	$0	$164M
Q4 25	$188M	$0	$188M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	88M	-0.6%	-0.3%
Q2 22	87M	-1.5%	-2.0%
Q3 22	87M	-0.0%	-2.2%
Q4 22	87M	+0.0%	-2.1%
Q1 23	87M	+0.3%	-1.3%
Q2 23	87M	+0.1%	+0.4%
Q3 23	88M	+0.5%	+0.9%
Q4 23	88M	+0.2%	+1.0%
Q1 24	87M	-0.7%	+0.1%
Q2 24	85M	-1.9%	-2.0%
Q3 24	85M	+0.0%	-2.4%
Q4 24	85M	-0.7%	-3.2%
Q1 25	84M	-1.6%	-4.1%
Q2 25	83M	-0.1%	-2.3%
Q3 25	81M	-2.4%	-4.8%
Q4 25	78M	-3.9%	-7.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$356.8K	823
Q2 22	$510.4K	823
Q3 22	$526.8K	823
Q4 22	$485.9K	922
Q1 23	$328.4K	922
Q2 23	$436.6K	922
Q3 23	$470.2K	922
Q4 23	$495.0K	1K
Q1 24	$325.1K	1K
Q2 24	$441.4K	1K
Q3 24	$455.7K	1K
Q4 24	$407.9K	1K
Q1 25	$262.0K	1K
Q2 25	$332.8K	1K
Q3 25	$364.0K	1K
Q4 25	$419.9K	1K

Revenue / Employee