Winnebago Industries had net revenues of $777.3 million, for its fiscal fourth quarter 2025, an increase of 7.8% from the fourth quarter of fiscal 2024.
Gross profit was $99.2 million, representing a 12.8% gross margin, and adjusted EBITDA of $38.2 million was up more than 33% year-on-year
For the full year fiscal 2025, Winnebago’s net revenues declined almost 6% from fiscal 2025 and the company had a gross profit of $365.1 million, representing a 13% gross margin.
Marine net revenues increased nearly 18% to $94.9 million for the quarter ending August 2025 compared to $80.5 million for the same period in 2024.
Revenue increase
The revenue increase was primarily due to higher unit volume and targeted price increases.
Operating income margin also increased, primarily due to prior year goodwill impairment, leverage, and targeted price increases.
For the full year ending August 2025, Winnebago’s net revenues increased 13% to $367.8 million, compared to $325.5 million.
I am proud of our team’s efforts in delivering solid overall results in the fourth quarter, especially given the challenging operating environment.
Michael Happe
“I am proud of our team’s efforts in delivering solid overall results in the fourth quarter, especially given the challenging operating environment,” said Michael Happe, president and chief executive officer of Winnebago Industries.
“We drove stronger revenue, improved profitability, gained share in key segments and delivered solid operating cash flow and an improved leverage position.”
He added: “Our performance clearly reflects the advantages of a diversified product portfolio, as strong momentum across our brands and product lines helped offset the operating margin pressure stemming from the ongoing turnaround of our Winnebago-branded businesses, which is proceeding positively.”
