Winnebago Industries Inc (WGO) - Net Assets
Based on the latest financial reports, Winnebago Industries Inc (WGO) has net assets worth $1.23 Billion USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.13 Billion) and total liabilities ($893.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Winnebago Industries Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.23 Billion |
| % of Total Assets | 57.99% |
| Annual Growth Rate | 5.64% |
| 5-Year Change | 15.87% |
| 10-Year Change | 356.37% |
| Growth Volatility | 19.04 |
Winnebago Industries Inc - Net Assets Trend (1985–2025)
This chart illustrates how Winnebago Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Winnebago Industries Inc for the complete picture of this company's asset base.
Annual Net Assets for Winnebago Industries Inc (1985–2025)
The table below shows the annual net assets of Winnebago Industries Inc from 1985 to 2025. For live valuation and market cap data, see WGO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $1.22 Billion | -3.82% |
| 2024-08-31 | $1.27 Billion | -6.93% |
| 2023-08-31 | $1.37 Billion | +8.32% |
| 2022-08-31 | $1.26 Billion | +19.50% |
| 2021-08-31 | $1.06 Billion | +27.73% |
| 2020-08-31 | $827.47 Million | +30.88% |
| 2019-08-31 | $632.21 Million | +18.29% |
| 2018-08-31 | $534.45 Million | +21.00% |
| 2017-08-31 | $441.67 Million | +64.58% |
| 2016-08-31 | $268.36 Million | +21.45% |
| 2015-08-31 | $220.96 Million | +14.64% |
| 2014-08-31 | $192.75 Million | +12.90% |
| 2013-08-31 | $170.73 Million | +18.00% |
| 2012-08-31 | $144.69 Million | +33.07% |
| 2011-08-31 | $108.73 Million | +11.49% |
| 2010-08-31 | $97.53 Million | +5.63% |
| 2009-08-31 | $92.33 Million | -46.91% |
| 2008-08-31 | $173.92 Million | -16.52% |
| 2007-08-31 | $208.35 Million | -4.57% |
| 2006-08-31 | $218.32 Million | -7.45% |
| 2005-08-31 | $235.89 Million | +16.85% |
| 2004-08-31 | $201.88 Million | -4.15% |
| 2003-08-31 | $210.63 Million | +17.13% |
| 2002-08-31 | $179.81 Million | -13.33% |
| 2001-08-31 | $207.46 Million | +18.61% |
| 2000-08-31 | $174.91 Million | +17.07% |
| 1999-08-31 | $149.40 Million | +28.24% |
| 1998-08-31 | $116.50 Million | -5.97% |
| 1997-08-31 | $123.90 Million | +15.26% |
| 1996-08-31 | $107.50 Million | +4.88% |
| 1995-08-31 | $102.50 Million | +25.31% |
| 1994-08-31 | $81.80 Million | -2.27% |
| 1993-08-31 | $83.70 Million | +12.20% |
| 1992-08-31 | $74.60 Million | -10.87% |
| 1991-08-31 | $83.70 Million | -25.99% |
| 1990-08-31 | $113.10 Million | -13.66% |
| 1989-08-31 | $131.00 Million | -9.66% |
| 1988-08-31 | $145.00 Million | -7.58% |
| 1987-08-31 | $156.90 Million | +3.56% |
| 1986-08-31 | $151.50 Million | +10.99% |
| 1985-08-31 | $136.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winnebago Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1643.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.71 Billion | 139.63% |
| Common Stock | $25.90 Million | 2.11% |
| Other Comprehensive Income | $-400.00K | -0.03% |
| Total Equity | $1.22 Billion | 100.00% |
Winnebago Industries Inc Competitors by Market Cap
The table below lists competitors of Winnebago Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yulon Motor Co Ltd
TW:2201
|
$903.79 Million |
|
Shenzhen Heungkong Holding Co Ltd
SHG:600162
|
$903.94 Million |
|
Shenzhen Fuanna Bedding and Furnishing Co Ltd
SHE:002327
|
$904.02 Million |
|
ASGN Inc
NYSE:ASGN
|
$904.39 Million |
|
Metropolitan Bank Holding
NYSE:MCB
|
$903.54 Million |
|
Ningxia Building Materials Group Co Ltd
SHG:600449
|
$903.35 Million |
|
Zhejiang Vie Science & Technology Co Ltd
SHE:002590
|
$903.09 Million |
|
Prashkovsky
TA:PRSK
|
$903.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winnebago Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,273,300,000 to 1,224,700,000, a change of -48,600,000 (-3.8%).
- Net income of 25,700,000 contributed positively to equity growth.
- Dividend payments of 38,900,000 reduced retained earnings.
- Share repurchases of 53,700,000 reduced equity.
- Other factors increased equity by 18,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.70 Million | +2.1% |
| Dividends Paid | $38.90 Million | -3.18% |
| Share Repurchases | $53.70 Million | -4.38% |
| Other Changes | $18.30 Million | +1.49% |
| Total Change | $- | -3.82% |
Book Value vs Market Value Analysis
This analysis compares Winnebago Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.74x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 11.96x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-08-31 | $2.68 | $32.02 | x |
| 1986-08-31 | $2.96 | $32.02 | x |
| 1987-08-31 | $3.06 | $32.02 | x |
| 1988-08-31 | $2.95 | $32.02 | x |
| 1989-08-31 | $2.65 | $32.02 | x |
| 1990-08-31 | $2.25 | $32.02 | x |
| 1991-08-31 | $1.66 | $32.02 | x |
| 1992-08-31 | $1.43 | $32.02 | x |
| 1993-08-31 | $1.63 | $32.02 | x |
| 1994-08-31 | $1.59 | $32.02 | x |
| 1995-08-31 | $1.99 | $32.02 | x |
| 1996-08-31 | $2.08 | $32.02 | x |
| 1997-08-31 | $2.44 | $32.02 | x |
| 1998-08-31 | $2.39 | $32.02 | x |
| 1999-08-31 | $3.31 | $32.02 | x |
| 2000-08-31 | $3.97 | $32.02 | x |
| 2001-08-31 | $4.93 | $32.02 | x |
| 2002-08-31 | $4.41 | $32.02 | x |
| 2003-08-31 | $5.60 | $32.02 | x |
| 2004-08-31 | $5.80 | $32.02 | x |
| 2005-08-31 | $6.98 | $32.02 | x |
| 2006-08-31 | $6.71 | $32.02 | x |
| 2007-08-31 | $6.63 | $32.02 | x |
| 2008-08-31 | $5.97 | $32.02 | x |
| 2009-08-31 | $3.18 | $32.02 | x |
| 2010-08-31 | $3.35 | $32.02 | x |
| 2011-08-31 | $3.73 | $32.02 | x |
| 2012-08-31 | $4.95 | $32.02 | x |
| 2013-08-31 | $6.09 | $32.02 | x |
| 2014-08-31 | $7.00 | $32.02 | x |
| 2015-08-31 | $8.17 | $32.02 | x |
| 2016-08-31 | $9.93 | $32.02 | x |
| 2017-08-31 | $14.36 | $32.02 | x |
| 2018-08-31 | $16.80 | $32.02 | x |
| 2019-08-31 | $19.93 | $32.02 | x |
| 2020-08-31 | $24.73 | $32.02 | x |
| 2021-08-31 | $31.04 | $32.02 | x |
| 2022-08-31 | $38.29 | $32.02 | x |
| 2023-08-31 | $38.65 | $32.02 | x |
| 2024-08-31 | $43.16 | $32.02 | x |
| 2025-08-31 | $43.28 | $32.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winnebago Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.92%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.85x
- Recent ROE (2.10%) is below the historical average (11.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.26% | 4.27% | 2.09x | 1.48x | $4.45 Million |
| 1986 | 13.00% | 5.27% | 1.59x | 1.55x | $4.55 Million |
| 1987 | 12.75% | 4.92% | 1.76x | 1.47x | $4.31 Million |
| 1988 | 1.86% | 0.64% | 1.79x | 1.63x | $-11.80 Million |
| 1989 | -3.59% | -1.07% | 1.53x | 2.19x | $-17.80 Million |
| 1990 | -16.01% | -5.31% | 1.69x | 1.79x | $-28.92 Million |
| 1991 | -35.59% | -13.21% | 1.65x | 1.64x | $-37.66 Million |
| 1992 | -14.70% | -3.59% | 2.11x | 1.94x | $-17.81 Million |
| 1993 | 11.38% | 2.42% | 2.44x | 1.92x | $1.13 Million |
| 1994 | -3.76% | -0.66% | 2.46x | 2.31x | $-10.97 Million |
| 1995 | 27.69% | 5.74% | 2.29x | 2.11x | $17.76 Million |
| 1996 | 11.78% | 2.56% | 2.20x | 2.09x | $1.87 Million |
| 1997 | 18.64% | 5.29% | 2.05x | 1.72x | $10.71 Million |
| 1998 | 20.94% | 4.65% | 2.28x | 1.98x | $12.75 Million |
| 1999 | 29.65% | 6.63% | 2.34x | 1.91x | $29.36 Million |
| 2000 | 27.67% | 6.51% | 2.41x | 1.76x | $30.91 Million |
| 2001 | 20.58% | 6.26% | 1.99x | 1.65x | $21.96 Million |
| 2002 | 30.40% | 6.60% | 2.46x | 1.87x | $36.69 Million |
| 2003 | 23.68% | 5.90% | 2.24x | 1.79x | $28.82 Million |
| 2004 | 34.99% | 6.34% | 2.82x | 1.95x | $50.45 Million |
| 2005 | 27.59% | 6.56% | 2.40x | 1.75x | $41.48 Million |
| 2006 | 20.49% | 5.18% | 2.25x | 1.76x | $22.91 Million |
| 2007 | 19.95% | 4.78% | 2.37x | 1.76x | $20.73 Million |
| 2008 | 1.60% | 0.46% | 1.98x | 1.76x | $-14.61 Million |
| 2009 | -85.31% | -37.24% | 0.96x | 2.39x | $-88.00 Million |
| 2010 | 10.51% | 2.28% | 1.98x | 2.33x | $494.30K |
| 2011 | 10.89% | 2.39% | 2.07x | 2.21x | $970.00K |
| 2012 | 31.08% | 7.73% | 2.03x | 1.98x | $30.50 Million |
| 2013 | 6.22% | 4.96% | 0.69x | 1.81x | $-6.46 Million |
| 2014 | 23.37% | 4.77% | 2.64x | 1.86x | $25.78 Million |
| 2015 | 18.65% | 4.22% | 2.70x | 1.64x | $19.11 Million |
| 2016 | 16.95% | 4.67% | 2.50x | 1.46x | $18.66 Million |
| 2017 | 16.15% | 4.61% | 1.71x | 2.04x | $27.16 Million |
| 2018 | 19.15% | 5.08% | 1.92x | 1.97x | $48.91 Million |
| 2019 | 17.68% | 5.63% | 1.80x | 1.75x | $48.58 Million |
| 2020 | 7.43% | 2.61% | 1.34x | 2.12x | $-21.30 Million |
| 2021 | 26.67% | 7.77% | 1.76x | 1.95x | $176.21 Million |
| 2022 | 30.93% | 7.88% | 2.00x | 1.97x | $264.30 Million |
| 2023 | 15.78% | 6.19% | 1.39x | 1.84x | $79.09 Million |
| 2024 | 1.02% | 0.44% | 1.25x | 1.87x | $-114.33 Million |
| 2025 | 2.10% | 0.92% | 1.24x | 1.85x | $-96.77 Million |
Industry Comparison
This section compares Winnebago Industries Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $569,528,955
- Average return on equity (ROE) among peers: 13.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winnebago Industries Inc (WGO) | $1.23 Billion | 13.26% | 0.72x | $903.62 Million |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $813.90 Million | 91.34% | 7.32x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $18.43 Million | 26.71% | 2.78x | $60.30 Million |
| LCI Industries (LCII) | $23.70 Million | 7.59% | 1.52x | $2.83 Billion |
| Massimo Group Common Stock (MAMO) | $21.70 Million | 8.12% | 1.53x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $513.57 Million | 21.39% | 0.66x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About Winnebago Industries Inc
Winnebago Industries, Inc. manufactures and sells recreation outdoor lifestyle products primarily for use in leisure travel and outdoor recreation activities. It operates through three segments: Towable RV, Motorhome RV, and Marine. The company provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters, s… Read more