Wolverine World Wide (WWW) FY2025 results: revenue $1.9 billion, up 6.8% on the year
Wolverine World Wide Inc. (WWW) reported revenue of $1.9 billion for fiscal 2025, the year ended 3 January 2026, up 6.8% on the year before. Net income was $96 million, up 111.9%, and diluted earnings per share $1.14. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.
Revenue
$1.9 billion
+6.8% on the year
FY2018FY2025
Operating margin
8.0%
5.6% a year earlier
FY2018FY2025
Net income
$96 million
+111.9% on the year
FY2018FY2025
Diluted EPS
$1.14
+107.3% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
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%.
Saucony revenue up 31.1%: Saucony revenue was $533.1 million for the year, up 31.1% reported and 30.1% in constant currency. Fourth-quarter Saucony revenue was $125.9 million, up 26.4%.
Full-year gross margin 47.3%: Full-year gross margin was 47.3%, against 44.3%. Fourth-quarter gross margin was 47.0%, against 43.6%.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
140
180
122
-22.3%
Capital expenditure
14.5
20.2
14.6
-28.2%
Free cash flow
126
160
107
-21.5%
Free cash flow margin
6.7%
9.1%
4.8%
Cash from investing
-13.9
86.8
172
Cash from financing
-77.7
-299
-246
Depreciation and amortisation
25.9
26.2
35.1
-1.1%
Share-based compensation
24.4
19.1
15.2
+27.7%
Buybacks
14.5
0.0
0.0
Dividends paid
33.3
32.5
32.6
+2.5%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
82m
80m
79m
+2.1%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
408
313
279
+30.4%
Non-controlling interest
15.1
9.2
21.4
+64.1%
Debt
622
648
921
-4.1%
Operating lease liabilities
105
116
132
-9.2%
Other liabilities
559
588
710
-4.9%
Total liabilities and equity
1,709
1,674
2,063
+2.1%
Fixed assets
80.6
89.7
96.3
-10.1%
Goodwill
431
425
427
+1.6%
Intangible assets
29.3
31.5
34.9
-7.0%
Cash and equivalents
206
152
179
+35.6%
Receivables
162
209
231
-22.6%
Inventory
274
248
374
+10.7%
Other assets
526
519
721
+1.2%
Total assets
1,709
1,674
2,063
+2.1%
10-K for the year ended 3 January 2026, filed 27 February 2026: the filing.