Wolverine World Wide Inc key statistics and ratios
In fiscal 2025, Wolverine World Wide Inc had return on equity of 26.6% and a net margin of 5.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 5.6% | 8.4% | 8.8% | 4.9% | 3.7% | 4.8% | 4.6% | 3.5% | 0.0% | 8.9% | 5.7% | −7.6% | 2.8% | −7.0% | −1.7% | 2.6% | 5.1% | 5.5% |
| Return on equity | 12.8% | 20.4% | 22.0% | 13.2% | 13.6% | 15.0% | 12.9% | 9.1% | 0.0% | 20.7% | 14.7% | −20.6% | 11.5% | −39.6% | −12.9% | 15.3% | 26.6% | 25.3% |
| Return on assets | 8.7% | 14.0% | 15.1% | 4.7% | 3.8% | 5.2% | 5.0% | 3.6% | 0.0% | 8.7% | 5.5% | −5.9% | 2.9% | −7.4% | −1.7% | 2.4% | 5.7% | 6.3% |
| Effective tax rate | 27.8% | 27.1% | 27.0% | 14.2% | 20.9% | 26.2% | 25.2% | 20.8% | — | 11.9% | 11.7% | — | 16.6% | — | — | 16.0% | 16.9% | 19.5% |
| SG&A as % of revenue | 28.7% | 27.8% | 27.4% | 29.4% | 30.8% | 29.5% | 30.3% | 30.2% | 30.0% | 29.2% | 29.4% | 35.7% | 33.9% | 33.8% | 38.2% | 39.3% | 38.9% | 38.2% |
| Dividends ÷ net income | 34.7% | 20.5% | 18.4% | 29.2% | 23.6% | 18.0% | 19.9% | 26.8% | >999% | 14.3% | 26.1% | — | 48.8% | — | — | 71.9% | 34.8% | 31.0% |
Financial health
- Short-term assets cover short-term liabilities $736m of assets due within a year against $475m of liabilities due within a year.
- Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
- More cash than debt $158m of cash against $547m of debt.
- Debt below 40% of shareholders' equity Debt is 122% of equity.
- Debt burden no higher than five years ago Debt to equity moved from 116% to 122% over five years.
- A year's operating cash flow covers at least 20% of debt $183m of operating cash flow against $547m of debt.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Moat
Moderate moat
How hard Wolverine World Wide's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 12 / 20
Cash operating profit has been a median 9.7% of total assets over 10 years.
- Pricing power 14 / 20
Gross margin has been a median 41.1%, moving by 2.8 percentage points (standard deviation) across 10 years.
- Durability 0 / 20
Operating margin has been a median 5.3%; its worst year was -12.0%.
- Cash conversion 12 / 20
Free cash flow was positive in 9 of 10 years, at a median 6.6% of revenue.
- Discipline 17 / 20
The diluted share count rose 0.2% over five years; stock-based pay has been a median 1.2% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).
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