WGO on NYSE

Winnebago Industries

Logo: DPS5280, CC BY-SA 4.0, via Wikimedia Commons5

American motorhome manufacturer

Winnebago Industries, Inc. is an American manufacturer of motorhomes, a type of recreational vehicle (RV).3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$2.8BRevenue, fiscal 20256
$25.7MNet income, fiscal 20256
Feb 12, 1958Founded1

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  • TickerWGO on NYSE1
  • Industryautomotive industry1
  • HeadquartersEden Prairie1
  • Founded inForest City1
  • Websitewinnebagoind.com
  • Incorporated inMN7
  • Business address13200 Pioneer Trail, Eden Prairie, Mn 553477
  • Filer categoryLarge accelerated filer7
  • Legal formProfit Corporation4
  • LEI549300B7OYKYJLTE3G114
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CT CORPORATION SYSTEM, 50309 Des Moines, United States4
  • Registered withBusiness Services Division (Secretary of State), 441814
Winnebago-Adventurer
Photo: IFCAR, Public domain, via Wikimedia Commons9

Winnebago Industries, Inc. is an American manufacturer of motorhomes, a type of recreational vehicle (RV). In 2018, the company expanded into motorboat manufacturing with the acquisition of Chris-Craft Corporation. Winnebago has also manufactured light-to-medium utility vehicles as well as other products.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.0%Gross margin6
2.0%Operating margin6
0.9%Net margin6
-5.9%Revenue growth, 20256
2.1%Return on equity6
0.44×Debt to equity6
$89.5MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Towable RV brought in 44% of the revenue Winnebago Industries broke down this way in fiscal 2025.

  1. Towable RV$1.2B644%down 7% from 2024
  2. Motorhome RV$1.2B642%down 9% from 2024
  3. Marine$367.8M613%up 13% from 2024
Business segments by year
Business segments202320242025
Towable RV$1.4B$1.3B$1.2B
Motorhome RV$1.6B$1.3B$1.2B
Marine$469.7M$325.5M$367.8M

Regions

United States brought in 94% of the revenue Winnebago Industries broke down this way in fiscal 2025.

  1. United States$2.6B694%down 6% from 2024
  2. Outside the United States$178.6M66%down 10% from 2024
Regions by year
Regions202320242025
United States$3.3B$2.8B$2.6B
Outside the United States$144.1M$198.4M$178.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$2.4B
  • Selling, general and admin10¢$285.8M
  • Other costs2¢$49.2M
  • Income tax0¢$4.4M
  • Profit1¢$25.7M

Out of $2.8B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending30¢$39.4M
  • Dividends paid29¢$38.9M
  • Share buybacks41¢$53.7M

Out of $128.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue10111213146$2.8B in 2025+39% since 2018
0$2.0B$4.0B$6.0B2018: $2.0B$2.0B20182019: $2.0B$2.0B2019−2%2020: $2.4B$2.4B2020+19%2021: $3.6B$3.6B2021+54%2022: $5.0B$5.0B2022+37%2023: $3.5B$3.5B2023−30%2024: $3.0B$3.0B2024−15%2025: $2.8B$2.8B2025−6%
Gross profit10111213146$365.1M in 2025+22% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $299.8M$299.8M20182019: $307.2M$307.2M2019+2%2020: $312.9M$312.9M2020+2%2021: $650.4M$650.4M2021+108%2022: $929.3M$929.3M2022+43%2023: $586.1M$586.1M2023−37%2024: $433.5M$433.5M2024−26%2025: $365.1M$365.1M2025−16%
Operating income10111213146$57.2M in 2025−64% since 2018
0$200.0M$400.0M$600.0M2018: $160.4M$160.4M20182019: $155.3M$155.3M2019−3%2020: $113.8M$113.8M2020−27%2021: $407.4M$407.4M2021+258%2022: $583.5M$583.5M2022+43%2023: $300.7M$300.7M2023−48%2024: $100.2M$100.2M2024−67%2025: $57.2M$57.2M2025−43%
Net income10111213146$25.7M in 2025−75% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $102.4M$102.4M20182019: $111.8M$111.8M2019+9%2020: $61.4M$61.4M2020−45%2021: $281.9M$281.9M2021+359%2022: $390.6M$390.6M2022+39%2023: $215.9M$215.9M2023−45%2024: $13.0M$13.0M2024−94%2025: $25.7M$25.7M2025+98%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-08-312024-08-312023-08-31
Net revenues$2.8B$3.0B$3.5B
Cost of goods sold$2.4B$2.5B$2.9B
Gross profit$365.1M$433.5M$586.1M
Selling, general, and administrative expenses$285.8M$280.0M$267.7M
Amortization$22.1M$23.0M$17.7M
Goodwill impairment (Note 7)$0$30.3M$0
Total operating expenses$307.9M$333.3M$285.4M
Operating income$57.2M$100.2M$300.7M
Interest expense, net$25.9M$21.1M$20.5M
Loss on note repurchase (Note 9)$2.0M$32.7M$0
Non-operating (income) loss-$800.0K$8.0M$1.0M
Income before income taxes$30.1M$38.4M$279.2M
Income tax provision$4.4M$25.4M$63.3M
Net income$25.7M$13.0M$215.9M
Basic (in dollars per share)$0.91$0.44$7.12
Diluted (in dollars per share)$0.91$0.44$6.23
Basic (in shares)28.2M shares29.2M shares30.3M shares
Diluted (in shares)28.3M shares29.5M shares35.4M shares

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The story

The company was founded by Forest City, Iowa businessman John K. Hanson in February 1958. At the time, the town, located in Winnebago County, Iowa, was undergoing an economic downturn, so Hanson and a group of community leaders convinced a California firm, Modernistic Industries, to open a travel trailer factory in a bid to revive the local economy.

Surviving a rough beginning, the entire operation was purchased by five Midwesterners, with Hanson serving as president. In 1960, the name of the company was changed to Winnebago Industries. To improve quality, Winnebago Industries manufactured furniture and other components designed specifically for its travel trailers. One such innovation was the "Thermo-Panel", a strong, lightweight sidewall that was a characteristic of Winnebago products.

In 1966, the first motorhome rolled off the Winnebago Industries assembly lines. These motorhomes were sold at a price approximately half of what was being charged for competitors' models, which led to its ubiquity and popularity in the RV community. The brand name has become synonymous with "motorhome" and is commonly used as a generic trademark for such vehicles, whether they were produced by the company or not.

In March 2015, Winnebago announced that it was opening a production center to employ 70 in Waverly, Iowa, due to labor shortage issues in the Forest City area. The company now employs about 2,400 workers in Forest City, 200 in Charles City and 60 in Lake Mills, plus additional employees in Middlebury, Indiana.

In 2016 when CEO Mike Happe was brought in, Winnebago Industries established their management offices in Eden Prairie, Minnesota. In 2021 the company announced it would be relocating its corporate headquarters from Forest City, Iowa to the Eden Prairie location effective December 1, but that the company's manufacturing presence would be maintained in Forest City.

In 2019, Winnebago Industries acquired luxury RV maker Newmar.

In July 2021, Winnebago Industries announced it would purchase Barletta Pontoon Boats, a privately held maker of pontoon boats, for over $300 million.

Australia (1982–2015)

In July 2012, a Justice of the Federal Court of Australia determined that a Sydney businessman, Bruce Binns, had "intentionally hijacked" the well-known American brand "in a bold attempt to preempt Winnebago's opening its doors here". Versions of Winnebago models were manufactured in Australia by Binns's Knott Investments, using a logo which bore a striking resemblance to Winnebago's U.S. logo, from about 1982. In 1992, Winnebago and Binns signed a settlement for him to stop passing off his products as those of Winnebago, yet he continued to do so. In 1997 he registered Winnebago as a trademark in Australia. The court ordered the cancellation of this Winnebago trademark in Australia.

Read the full text

On appeal in 2013, Chief Justice Allsop found that "...Knott and Mr Binns had from the outset deliberately sought to obtain some connection with Winnebago and take advantage of any reputation Winnebago may have had in Australia as at 1978. However, the fact that Knott had manufactured and sold RVs under the Winnebago name in Australia for 32 years, 25 years of which was with the knowledge of Winnebago, was an unusual situation which could not be overlooked". Accordingly, Allsop held that it was appropriate that Knott be permitted to continue to use the Winnebago name and logos, provided the distinction between its business and Winnebago's was made clear.

As a result of the case, a disclaimer was required to be made clear on any vehicles made by Knott in the future, and on any advertising and promotional material. Further, all future consumers of Australian Winnebago/Avida products are required to sign a disclaimer declaring they have been made aware that they are not purchasing a United States Winnebago product. The disclaimer reads "These vehicles were not manufactured by, or by anyone having any association with, Winnebago of the United States."

In 2014, Avida RV announced they would reintroduce the Winnebago name and logo to their premium range of RV products. This announcement came just one month before Winnebago Industries announced they were entering the Australian market for the first time. Binns is currently opposing the registration of the Winnebago trademark in Australia, despite having been refused permission to hold the trademark himself.

From Wikipedia’s article on Winnebago Industries, shared under CC BY-SA 4.0.8

Leadership

Who has led Winnebago Industries, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (42)

Products and brands

  • center console
  • motorhome
  • pontoon boat
  • runabout

Listed on Wikidata.1

In 1973, the company introduced a new model, the Minnie Winnie, built on the Dodge B-series van chassis. It was about 19-1/2 feet (5.9 m) long (despite the name, longer than the shortest contemporary Brave model). Longer models were added through the years. This model continued (using Chevrolet or Ford chassis after 1980) to be built into the 21st century. As fuel prices went up over time, the company continued to make smaller models available, such as the "Winnie Wagon" with a low profile and pop-top.

In the early 1970s, Orlando Helicopter Airways developed a novel RV conversion of the Sikorsky S-55 helicopter, the Heli-Camper, featuring a built-in mini-kitchen and sleeping accommodations for four. Later in that decade, Orlando developed an enhanced version based on the larger Sikorsky S-58, and participated in a joint effort with Winnebago Industries to market both aircraft as the Winnebago Heli-Home. The S-58 version featured a larger kitchenette, sleeping accommodations for six, a minibar, and an entertainment system; optional floats were offered for amphibious operations. The aircraft were featured in several American popular magazines and reportedly drew large crowds at RV shows and dealerships, but their high purchase price and prodigious fuel consumption together with rising 1970s fuel prices resulted in very limited sales; production is not well documented, but is estimated at only six or seven of the S-55 and S-58 versions combined.

In the 1980s and 1990s, Winnebago also manufactured light- and medium-duty utility vehicles using techniques and knowledge derived from motorhome production. Their "Route Van" was an aluminum-bodied step-through van with front-wheel drive. Engines were Cummins 4BTA diesel four-cylinders producing between 105 and 120 hp (78 and 89 kW). Model codes were W650, W750, W850, and W950 depending on weight rating.

The company also developed a line of smaller units slightly larger than a passenger van, built using various bodies and powerplants from two European automobile and truck manufacturers. The LeSharo was based on the Renault Trafic van with a 2.2 L 4-cylinder motor, and the "Rialta" had a Volkswagen Transporter (T4) (a.k.a. "EuroVan") cab, the 2.5-liter five-cylinder motor, 2.8-liter VR6 with 140 BHP or 2.8 V6 engine with 201 BHP. Distinct from the "Rialta", Volkswagen contracted to have the camper conversions of the T4 be done by Winnebago Industries, a radical departure from using the Germany-based Westfalia company that had become famous for building the VW Type 2 campmobile models from the 1950s through 1991. This tradition continues today with Winnebago's use of the Mercedes-Benz Sprinter and Fiat Ducato chassis.

From Wikipedia’s article on Winnebago Industries, shared under CC BY-SA 4.0.8

Timeline

  1. Nov 10, 2016New chief executive Donald Jeff Clark becomes CEO20
  2. Jan 19, 2016New chief executive Michael J. Happe becomes CEO19
  3. Mar 27, 2012New chief executive Randy J. Potts becomes CEO21
  4. Nov 14, 2008New chief executive Robert J. Olson becomes CEO22
  5. Oct 12, 2006New chief executive Bruce D. Hertzke becomes CEO23
  6. Feb 12, 1958Founded Founded in Forest City1

Filings

408 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 284 insider forms, 23 large holders, 42 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 15, 20264 EDGAR
  3. Oct 15, 20264 EDGAR
  4. Oct 15, 20264 EDGAR
  5. Oct 15, 20264 EDGAR
  6. Oct 15, 20264 EDGAR
  7. Oct 15, 20264 EDGAR
  8. Oct 15, 20264 EDGAR
  9. Oct 15, 20264 EDGAR
  10. Oct 13, 20264 EDGAR
  11. Oct 13, 20264 EDGAR
  12. Oct 13, 20264 EDGAR
  13. Oct 13, 20264 EDGAR
  14. Oct 13, 20264 EDGAR
  15. Oct 13, 20264 EDGAR
  16. Oct 13, 20264 EDGAR
  17. Aug 31, 20265 EDGAR
  18. Aug 31, 20264 EDGAR
  19. Aug 21, 20268-K EDGAR
  20. Aug 20, 20264 EDGAR

The 408 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 6 buys and 15 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026Woodson Bret ASVP-CHROSale1,235$31.73$39.2KForm 4
Aug 13, 2026Woodson Bret ASVP-CHROSale2,414$32.66$78.8KForm 4
Aug 13, 2026Happe Michael JPRESIDENT & CEOSale12,045$32.68$393.6KForm 4
Oct 27, 2025Happe Michael JPRESIDENT & CEOSale7,105$41.38$294.0KForm 4
Oct 24, 2025Armbruster Sara EDirectorBuy2,700$40.27$108.7KForm 4
Apr 1, 2025MILES DAVID WDirectorBuy4,341$34.68$150.5KForm 4
Mar 31, 2025Bryant Kevin E.DirectorBuy4,200$34.12$143.3KForm 4
Feb 13, 2025Woods Jacqueline D.DirectorSale1,503$44.32$66.6KForm 4
Nov 1, 2024Woodson Bret ASVP-CHROSale12,187$56.64$690.3KForm 4
Oct 29, 2024Happe Michael JPRESIDENT & CEOBuy2,500$55.52$138.8KForm 4
Oct 28, 2024Fisher William C.DirectorBuy2,000$54.81$109.6KForm 4
Jul 25, 2024BOGART STACY LSVP-Chief Legal OfficerSale3,333$57.98$193.2KForm 4
Jan 4, 2024West Christopher DavidPresident, Winnebago MotorhomeSale13,564$69.08$937.0KForm 4
Dec 22, 2023Fisher William C.DirectorSale1,000$72.10$72.1KForm 4
Dec 22, 2023MOSS RICHARD DDirectorSale3,000$72.21$216.6KForm 4
Nov 8, 2023Bhattacharya Ashis NayanSVP-BUSINESS DEVELOPMENTSale11,408$61.48$701.4KForm 4
Jul 19, 2023Clark Donald JeffGROUP PRESIDENTSale5,171$66.64$344.6KForm 4
Jul 18, 2023Clark Donald JeffGROUP PRESIDENTSale294,829$67.89$20.0MForm 4
Mar 29, 2023West Christopher DavidPresident, Winnebago MotorhomeSale7,210$56.61$408.2KForm 4
Feb 7, 2022West Christopher DavidPresident, Winnebago MotorhomeSale316$66.34$21.0KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,870,704$152.2M0.0%+232,019
Pzena Investment Management LLC1,709,531$53.4M0.2%+716,237
Maple Rock Capital Partners Inc.1,559,231$48.7M1.0%+389,400
Cooke & Bieler LP1,276,663$39.9M0.5%−468,112
Vanguard Capital Management LLC1,195,586$37.4M0.0%+5,615
State Street Corp1,111,638$34.7M0.0%+8,110
Dimensional Fund Advisors LP1,054,042$32.9M0.0%−526,026
Capital World Investors874,687$27.3M0.0%+23,862
Deprince Race & Zollo Inc771,918$24.1M0.4%+198,470
Charles Schwab Investment Management Inc728,773$22.8M0.0%−137,638
Morgan Stanley727,215$22.7M0.0%+212,849
Geode Capital Management, LLC724,502$22.6M0.0%+42,359
Bank Of Montreal /can/669,091$20.9M0.0%+19,299
Goldman Sachs Group Inc665,173$20.8M0.0%+386,634
Vanguard Portfolio Management LLC654,571$20.4M0.0%+50,032
Arrowstreet Capital, Limited Partnership541,507$16.9M0.0%−123,131
Hotchkis & Wiley Capital Management LLC454,403$14.2M0.0%+144,580
Qube Research & Technologies Ltd351,608$11.0M0.0%+248,408
Jpmorgan Chase & Co337,203$10.6M0.0%−77,901
Northern Trust Corp332,521$10.4M0.0%+14,481
Gendell Jeffrey L321,564$10.0M0.1%+157,880
Alliancebernstein L.P.320,281$9.9M0.0%−166,576
Trexquant Investment LP309,043$9.7M0.1%+67,056
William Blair Investment Management, LLC305,530$9.5M0.0%−81,571
Victory Capital Management Inc274,224$8.6M0.0%+79,363

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 5, 2019Thomas R. SuozziDemocratic, HousePartial sale$1,001 - $15,000+198.7%Report
Feb 25, 2019Thomas R. SuozziDemocratic, HousePartial sale$15,001 - $50,000+203.6%Report
Jan 29, 2019Thomas R. SuozziDemocratic, HousePartial sale$15,001 - $50,000+209.6%Report
Oct 15, 2018Thomas R. SuozziDemocratic, HouseBuy$1,001 - $15,000−203.5%Report
Oct 11, 2018Thomas R. SuozziDemocratic, HouseBuy$15,001 - $50,000−202.9%Report
Oct 2, 2018Thomas R. SuozziDemocratic, HouseBuy$15,001 - $50,000−187.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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