Wolverine World Wide (WWW) Q4 FY2025 earnings: revenue $518 million, up 4.6% on the year

Wolverine World Wide Inc. (WWW) reported revenue of $518 million for Q4 FY2025, the quarter ended 3 January 2026, up 4.6% on the same quarter a year earlier. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.

Revenue

$518 million

+4.6% on the year · +10.0% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

9.4%

8.0% a year earlier

Q1 FY2024Q4 FY2025

Net income

n/a

Q1 FY2024Q4 FY2025

Diluted EPS

n/a

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 8 new.

Full-year revenue up 6.8%: Full-year revenue was $1,874.3 million, up 6.8% reported and 6.0% in constant currency from $1,755.0 million. On the ongoing-business basis, revenue rose 7.1%.
Active Group revenue up 12.4%: Active Group revenue rose 12.4% in the fourth quarter to $372.7 million, with constant currency growth of 10.2%. For the year, Active Group revenue was $1,407.8 million, up 13.0%.
International revenue up 13.5%: International revenue was $978.1 million for the year, up 13.5% reported and 11.9% in constant currency. Fourth-quarter International revenue was $277.4 million, up 9.8%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	518	470	495	+10.0%	+4.6%
Cost of revenue	274	247	277	+10.9%	-1.0%
Gross profit	243	223	218	+9.1%	+11.8%
Gross margin	47.0%	47.5%	44.0%
Selling, general and administrative	192	183	175	+5.1%	+9.7%
Operating income	48.9	39.6	39.8	+23.5%	+22.9%
Operating margin	9.4%	8.4%	8.0%
Pre-tax income	40.3	33.1	28.5	+21.8%	+41.4%
Income tax	7.8	6.8	3.2	+14.7%	+143.8%
Effective tax rate	19.4%	20.5%	11.2%
Net income	n/a	25.1	24.6
Net margin	6.1%	5.3%	5.0%
Diluted EPS	n/a	$0.30	$0.29

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	146	33.0	82.4	+343.0%	+77.4%
Capital expenditure	0.6	2.9	8.0	-79.3%	-92.5%
Free cash flow	146	30.1	74.4	+383.7%	+95.7%
Free cash flow margin	28.1%	6.4%	15.0%
Cash from investing	-1.0	-1.0	-8.3
Cash from financing	-79.4	-33.6	-60.6
Depreciation and amortisation	5.6	7.8	6.8	-28.2%	-17.6%
Share-based compensation	6.0	5.8	4.1	+3.4%	+46.3%
Dividends paid	8.3	8.3	8.1	0.0%	+2.5%
Dividend per share	n/a	$0.10	n/a
Diluted shares, weighted	82m	82m	80m	0.0%	+2.1%
Shares outstanding at period end	81m	82m	80m	-0.8%	+1.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	408	377	307	+8.3%	+32.8%
Non-controlling interest	15.1	14.3	9.2	+5.6%	+64.1%
Debt	622	676	648	-8.1%	-4.1%
Operating lease liabilities	105	111	116	-5.0%	-9.2%
Other liabilities	559	528	588	+5.8%	-4.9%
Total liabilities and equity	1,709	1,707	1,669	+0.2%	+2.4%
Fixed assets	80.6	84.8	89.7	-5.0%	-10.1%
Goodwill	431	431	425	+0.1%	+1.6%
Intangible assets	29.3	30.1	31.5	-2.7%	-7.0%
Cash and equivalents	206	134	152	+54.1%	+35.6%
Receivables	162	211	209	-23.1%	-22.6%
Inventory	274	292	241	-6.3%	+14.0%
Other assets	526	524	521	+0.3%	+0.9%
Total assets	1,709	1,707	1,669	+0.2%	+2.4%

Questions

What was Wolverine World Wide's revenue in Q4 FY2025?

Wolverine World Wide (WWW) reported revenue of $518 million for Q4 FY2025, the quarter ended 3 January 2026, up 4.6% on the same quarter a year earlier.

When did Wolverine World Wide report Q4 FY2025 results?

Wolverine World Wide filed its 10-K for the year that ended with the quarter on 27 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 * †	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	636	615	714	691	665	599	589	528	527	395	425	440	495	412	474	470	518	458	506	505
Cost of revenue	373	354	406	414	441	363	361	312	334	214	242	242	277	216	250	247	274	240	271	229
Gross profit	262	261	307	278	224	236	228	215	193	181	183	199	218	196	224	223	243	218	235	276
Gross margin	41%	43%	43%	40%	34%	39%	39%	41%	37%	46%	43%	45%	44%	48%	47%	47%	47%	48%	46%	55%
SG&A	227	211	229	217	249	212	196	203	245	177	167	171	175	172	182	183	192	183	187	186
Operating income	-8.7	19.6	168	58.8	-455	45.3	46.1	27.3	-187	-3.1	29.1	34.7	39.8	21.0	40.7	39.6	48.9	33.9	47.3	89.7
Operating margin	-1%	3%	24%	9%	-68%	8%	8%	5%	-35%	-1%	7%	8%	8%	5%	9%	8%	9%	7%	9%	18%
Pre-tax income	-18.7	12.0	157	43.6	-466	28.3	30.4	9.4	-202	-14.8	17.5	28.9	28.5	14.5	33.6	33.1	40.3	27.6	40.8	84.7
Tax rate	n/a	30%	21%	11%	n/a	36%	20%	4%	n/a	n/a	13%	17%	11%	9%	14%	21%	19%	19%	19%	21%
Net income	-14.6	9.7	125	39.0	-362	19.0	24.0	8.6	-91.2	-14.9	14.2	23.2	24.6	12.1	26.8	25.1	n/a	20.2	31.2	65.8
Net margin	-2%	2%	17%	6%	-54%	3%	4%	2%	-17%	-4%	3%	5%	5%	3%	6%	5%	6%	4%	6%	13%
Diluted EPS	-$0.18	$0.12	$1.53	$0.48	-$4.59	$0.23	$0.30	$0.11	-$1.15	-$0.19	$0.17	$0.28	$0.29	$0.15	$0.32	$0.30	n/a	$0.24	$0.37	$0.78
Operating cash flow	69.8	-92.5	-155	-242	311	-97.8	144	-38.9	115	-37.2	26.7	108	82.4	-83.8	44.6	33.0	146	-83.2	86.6	70.2
Capital expenditure	7.6	7.5	8.6	7.4	13.0	7.3	6.9	4.3	n/a	5.1	3.0	4.1	8.0	7.6	3.4	2.9	0.6	1.7	2.4	3.6
Free cash flow	62.2	-100	-164	-250	298	-105	137	-43.2	n/a	-42.3	23.7	104	74.4	-91.4	41.2	30.1	146	-84.9	84.2	66.6
Buybacks	12.7	33.8	47.5	0.0	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	8.3	8.4	8.4	7.9	8.1	8.4	8.0	8.1	8.1	8.1	8.1	8.2	8.1	8.5	8.2	8.3	8.3	8.7	8.3	8.3
Shares outstanding	82m	81m	79m	79m	79m	79m	80m	80m	80m	80m	80m	80m	80m	81m	81m	82m	81m	82m	82m	82m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 3 January 2026, filed 27 February 2026: the filing.