# YETI Holdings, Inc. (YETI)

> Source: Nexqual · https://nexqual.com/YETI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, YETI Holdings, Inc. (YETI), nexqual.com/YETI" · informational, not investment advice.

**Price:** USD 44.03 (+2.95% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 42.77 · day 42.47–44.18 · 52w 32.26–53.99 · market cap $3.21B · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $1.94B, net income $179M (9.2% margin) (SEC filings).
- Valuation: P/E 18.0x (avg 22.7x at the last 3 fiscal year-ends), net debt $36.6M.
- 2 of 80 tracked superinvestors hold YETI (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Total return with dividends: 1Y +23.8% vs S&P 500 +14.9%; 5Y -52.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 0.85, revenue estimate $523M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.60B | $1.66B | $1.83B | $1.87B | $1.94B |
| Gross profit | $816M | $763M | $943M | $1.06B | $1.07B | — |
| Operating income | $275M | $126M | $225M | $245M | $214M | $236M |
| Net income | $213M | $89.7M | $170M | $176M | $165M | $179M |
| EPS (diluted) | $2.40 | $1.03 | $1.94 | $2.05 | $2.03 | — |
| Free cash flow | $90.4M | $55.0M | $235M | $220M | $212M | — |
| Gross margin | 57.8% | 47.9% | 56.9% | 58.1% | 57.4% | — |
| Operating margin | 19.5% | 7.9% | 13.6% | 13.4% | 11.4% | 12.2% |
| Net margin | 15.1% | 5.6% | 10.2% | 9.6% | 8.9% | 9.2% |
| Revenue growth | +29.2% | +13.1% | +4.0% | +10.3% | +2.1% | — |
| Cash + short-term investments | $312M | $235M | $439M | $359M | $188M | — |
| Total debt | $118M | $94.2M | $82.9M | $78.0M | $73.8M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/E 18.0x · P/S 1.7x · EV/Sales 1.7x · P/B 5.3x · Earnings yield 5.56% · Net debt $36.6M · EV $3.25B
P/E at fiscal year-ends: Jan 2026 22.6x, Dec 2024 18.8x, Dec 2023 26.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold YETI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Glenn Welling | Engaged Capital | 18.33% | $59.2M | Reduced -33.1% |
| Thomas Russo | Gardner Russo & Quinn | 0.01% | $1.2M | Unchanged |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Ladenburg Thalmann | Initiated | Buy | $52 |
| 2026-09-28 | Canaccord Genuity | Target raised | Hold | $45 → $46 |
| 2026-09-18 | Stifel | Upgrade | Hold → Buy | $45 → $50 |
| 2026-08-20 | Morgan Stanley | Target raised | Equal-Weight | $48 → $49 |
| 2026-08-14 | Stifel | Target raised | Hold | $42 → $45 |
| 2026-08-14 | B of A Securities | Target raised | Neutral | $44 → $48 |
| 2026-08-14 | Baird | Target raised | Outperform | $55 → $57 |
| 2026-08-14 | Raymond James | Target raised | Outperform | $55 → $56 |
| 2026-08-10 | Piper Sandler | Target raised | Overweight | $54 → $58 |
| 2026-07-20 | Goldman Sachs | Upgrade | Neutral → Buy | $46 → $63 |
| 2026-07-16 | UBS | Target raised | Neutral | $45 → $51 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +23.8% | -52.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +23.8% | -13.9% |
| Volatility (annualized) | 39.7% | 45.0% |
| Max drawdown | -30.1% (Jan 2026→Mar 2026) | -74.1% (Nov 2021→Apr 2025) |

## Peers (Leisure)
CALY (Callaway Golf Company) USD 14.36 +2.21% · PLNT (Planet Fitness, Inc.) USD 53.27 +3.06% · OSW (OneSpaWorld Holdings Limited) USD 24.29 +1.50% · PTON (Peloton Interactive, Inc.) USD 5.46 +4.20% · GOLF (Acushnet Holdings Corp.) USD 81.97 +2.50% · MAT (Mattel, Inc.) USD 16.94 -0.06%

## More
Full page: https://nexqual.com/YETI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Drinkware | $241.4M | 49.9% | +2.1% |
| Coolers & Equipment | $232.4M | 48.0% | +15.9% |
| Other | $10.1M | 2.1% | +13.5% |
| Total revenue | $483.9M | 100% | — |

## Revenue by region (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $391.0M | 80.8% | +6.3% |
| International | $92.9M | 19.2% | +18.9% |
| Total revenue | $483.9M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.85 | $0.87 | -2.3% | $523.1M | 17 |
| Next quarter (ends 2026-12-31) | $1.22 | $1.22 | -0.4% | $624.5M | 17 |
| Current fiscal year (ends 2026-12-31) | $2.97 | $2.88 | +3.1% | $2.01B | 18 |
| Next fiscal year (ends 2027-12-31) | $3.36 | $3.32 | +1.1% | $2.15B | 18 |