Forensic Analysis · OEM & Vehicle Bodies · as of Nov 8, 2026

Winnebago Industries Inc (WGO)

A forensic read on Winnebago Industries Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

5.7

Distress distance

Clean

Earnings quality

Forensic signals

2.8%

ROE

-3.4%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Winnebago Industries Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 5.7, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

3.2%

FY2026

Return on invested capital. Return on invested capital is 3.2% in the latest fiscal year and steady across FY2024–FY2026, inside a 0.9-point range. After-tax operating profit was $65M in FY2024 and $51M in FY2026, with operating income at 3.4% of revenue in FY2024, 2.0% in FY2025 and 2.4% in FY2026. The capital base behind it cannot be compared across FY2024–FY2026: short-term debt is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged. FY2024's operating profit carried a $30M goodwill write-off that alone took about 1.2 points off that year's return, so the FY2026 return is being compared with a base year that charge had already pulled down. A non-cash write-down lowers the reported return in the year it lands.

$30M

FY2024

Goodwill impairments. Took $30M of goodwill writedowns across 1 year (FY2024 ($30M)) — about 233% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

Key fundamentals

Latest Revenue$2.70B

Revenue Growth YoY-3.4%

Revenue CAGR (2yr)-4.6%

Net Margin1.3%

Free Cash Flow$144.6M

Return on Equity2.8%

Debt / Equity0.36x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Winnebago Industries Inc's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.