Winnebago Industries (WGO) Operating Margin (2010 - 2026)
Winnebago Industries (WGO) posted quarterly Operating Margin of 3.29% for Q2 2026, down 60.0% year-over-year from 8.23% in Q2 2025, and up 83.39% quarter-over-quarter from 1.79% in Q1 2026.
Winnebago Industries (WGO) Operating Margin (2010 - 2026) Analysis & Trends
Winnebago Industries (WGO) has reported Operating Margin for 17 consecutive years, with 3.29% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 60.0% year-over-year to 3.29%; the TTM figure through May 2026 stood at 2.42% (up 172.0% YoY), while the FY2025 annual figure was 2.04%, down 133.0% from the prior year.
- Operating Margin improved to 3.29% in Q2 2026 per WGO's latest filing, from 1.79% in the prior quarter.
- Across five years, Operating Margin topped out at 12.12% in Q2 2022 and bottomed at 2.47% in Q3 2024.
- Historically, Operating Margin has averaged 5.36% across 5 years, with a median of 5.08% in 2023.
- Annual changes were most pronounced in 2024 — Operating Margin plunged 993 bps — and 2025, when it jumped 506 bps.
- Winnebago Industries' Operating Margin stood at 9.02% in 2022, then sank by 43 bps to 5.12% in 2023, then sank by 103 bps to 0.14% in 2024, then soared by 1465 bps to 1.96% in 2025, then surged by 68 bps to 3.29% in 2026.
- Business Quant data shows WGO's Operating Margin at 3.29% in Q2 2026, 1.79% in Q1 2026, and 1.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brp | 4.88 Bn | 4.32 Bn | 409.69 Mn | 9.43% |
| 2 | Thor Industries | 4.07 Bn | 3.70 Bn | 354.77 Mn | 4.45% |
| 3 | Polaris | 3.68 Bn | 3.38 Bn | - | - |
| 4 | Harley-Davidson | 2.87 Bn | 979.19 Mn | 421.12 Mn | 6.18% |
| 5 | Patrick Industries | 2.69 Bn | 2.66 Bn | 247.58 Mn | 7.40% |
| 6 | Lci Industries | 2.53 Bn | 2.31 Bn | 301.14 Mn | 9.91% |
| 7 | Brunswick | 1.55 Bn | 1.24 Bn | 437.80 Mn | 8.31% |
| 8 | Winnebago Industries | 904.19 Mn | 847.09 Mn | 94.90 Mn | 3.29% |
| 9 | Malibu Boats | 546.46 Mn | 496.30 Mn | 41.28 Mn | -0.81% |
| 10 | MasterCraft Boat Holdings | 400.50 Mn | 315.88 Mn | 19.54 Mn | -1.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 30, 2026 | 3.29% |
| Feb 28, 2026 | 1.79% |
| Nov 29, 2025 | 1.96% |
| Aug 30, 2025 | 2.59% |
| May 31, 2025 | 3.90% |
| Mar 1, 2025 | 1.26% |
| Nov 30, 2024 | -0.14% |
| Aug 31, 2024 | -2.47% |
| May 25, 2024 | 5.53% |
| Feb 24, 2024 | 5.03% |
| Nov 25, 2023 | 5.12% |
| Aug 26, 2023 | 7.46% |
| May 27, 2023 | 8.94% |
| Feb 25, 2023 | 8.86% |
| Nov 26, 2022 | 9.02% |
| Aug 27, 2022 | 10.49% |
| May 28, 2022 | 12.12% |
| Feb 26, 2022 | 11.75% |
| Nov 27, 2021 | 12.67% |
| Aug 28, 2021 | 11.58% |