Latest Ratios: P/E Ratio 24.0x · EV/EBITDA 13.9x · ROE 23.8%. (2014–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $3.7B | $3.4B | $4.5B | $3.6B | $7.3B | $6.0B | $3.0B | $1.2B | — | — |
| Enterprise Value | $3.7B | $3.7B | $3.2B | $4.3B | $3.5B | $7.2B | $5.9B | $3.3B | $1.5B | — | — |
| P/E Ratio → | 23.98 | 22.09 | 19.20 | 26.69 | 40.11 | 34.51 | 38.68 | 59.97 | 21.51 | — | — |
| P/S Ratio | 1.97 | 1.96 | 1.84 | 2.73 | 2.26 | 5.21 | 5.51 | 3.29 | 1.59 | — | — |
| P/B Ratio | 6.11 | 5.63 | 4.56 | 6.25 | 6.84 | 14.18 | 20.85 | 24.61 | 42.78 | — | — |
| P/FCF | 17.39 | 17.25 | 15.37 | 21.24 | 81.89 | 90.93 | 17.51 | 78.61 | 8.60 | — | — |
| P/OCF | 14.48 | 14.36 | 12.91 | 15.83 | 35.70 | 50.12 | 16.41 | 34.56 | 7.04 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.98 | 1.74 | 2.57 | 2.21 | 5.12 | 5.44 | 3.59 | 1.91 | — | — |
| EV / EBITDA | 13.92 | 13.81 | 10.86 | 15.68 | 21.25 | 23.51 | 24.27 | 27.60 | 11.72 | — | — |
| EV / EBIT | 17.46 | 17.32 | 12.99 | 18.79 | 29.27 | 26.25 | 27.73 | 36.51 | 14.56 | — | — |
| EV / FCF | — | 17.44 | 14.52 | 20.00 | 80.29 | 89.38 | 17.29 | 85.79 | 10.32 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.4% | 57.4% | 58.1% | 56.9% | 47.9% | 57.8% | 57.6% | 52.0% | 46.0% | 42.8% | 49.1% |
| Operating Margin | 11.4% | 11.4% | 13.4% | 13.6% | 7.9% | 19.5% | 19.6% | 9.8% | 13.1% | 10.0% | 10.8% |
| Net Profit Margin | 8.9% | 8.9% | 9.6% | 10.2% | 5.6% | 15.1% | 14.3% | 5.5% | 7.4% | 2.4% | 5.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.8% | 23.8% | 24.0% | 27.2% | 17.2% | 52.7% | 75.9% | 66.8% | 199.4% | — | 90.7% |
| ROA | 12.8% | 12.8% | 13.6% | 14.3% | 8.3% | 23.2% | 22.8% | 8.8% | 11.2% | 2.9% | 10.9% |
| ROIC | 25.7% | 25.7% | 36.3% | 36.9% | 22.4% | 68.1% | 52.7% | 20.0% | 24.6% | 12.5% | 20.6% |
| ROCE | 22.8% | 22.8% | 27.2% | 28.8% | 18.6% | 48.2% | 47.2% | 22.8% | 29.6% | 16.8% | 26.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.23 | 0.24 | 0.31 | 0.36 | 0.62 | 2.84 | 11.32 | — | — |
| Debt / EBITDA | 0.85 | 0.85 | 0.59 | 0.65 | 0.99 | 0.61 | 0.73 | 2.92 | 2.58 | 5.61 | 5.38 |
| Net Debt / Equity | — | 0.06 | -0.25 | -0.36 | -0.13 | -0.24 | -0.26 | 2.25 | 8.56 | — | — |
| Net Debt / EBITDA | 0.15 | 0.15 | -0.63 | -0.97 | -0.43 | -0.41 | -0.31 | 2.31 | 1.95 | 4.98 | 5.17 |
| Debt / FCF | — | 0.19 | -0.85 | -1.23 | -1.61 | -1.56 | -0.22 | 7.18 | 1.72 | 4.00 | — |
| Interest Coverage | 482.07 | 482.07 | 447.77 | 140.92 | 27.01 | 82.34 | 23.40 | 4.12 | 3.27 | 1.96 | 4.07 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.98 | 1.98 | 2.18 | 2.30 | 1.76 | 1.91 | 1.66 | 2.12 | 1.59 | 1.99 | 2.40 |
| Quick Ratio | 1.11 | 1.11 | 1.36 | 1.45 | 0.85 | 1.12 | 1.17 | 1.03 | 0.81 | 0.84 | 0.62 |
| Cash Ratio | 0.56 | 0.56 | 0.95 | 1.10 | 0.57 | 0.77 | 0.88 | 0.43 | 0.43 | 0.35 | 0.15 |
| Asset Turnover | — | 1.44 | 1.42 | 1.28 | 1.48 | 1.29 | 1.48 | 1.45 | 1.51 | 1.24 | 1.53 |
| Inventory Turnover | 2.74 | 2.74 | 2.47 | 2.12 | 2.24 | 1.87 | 3.30 | 2.36 | 2.89 | 2.09 | 1.69 |
| Days Sales Outstanding | — | 27.63 | 23.97 | 21.08 | 18.18 | 28.33 | 21.87 | 33.03 | 27.80 | 38.34 | 16.58 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.0% | 0.2% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 1.3% | 4.4% | 18.3% | 946.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 4.5% | 5.2% | 3.7% | 2.5% | 2.9% | 2.6% | 1.7% | 4.6% | — | — |
| FCF Yield | 5.8% | 5.8% | 6.5% | 4.7% | 1.2% | 1.1% | 5.7% | 1.3% | 11.6% | — | — |
| Buyback Yield | 8.1% | 8.1% | 5.9% | 0.0% | 2.8% | 0.0% | 0.0% | 0.5% | 0.2% | — | — |
| Total Shareholder Yield | 8.1% | 8.1% | 5.9% | 0.0% | 2.8% | 0.0% | 0.0% | 0.5% | 0.4% | — | — |
| Shares Outstanding | — | $82M | $86M | $87M | $87M | $89M | $88M | $86M | $84M | $84M | $84M |
Brand saturation and recall
According to current market data, YETI trades at a forward P/E of 17.79, which appears elevated given the recent deceleration in revenue growth to 2.11% and a PEG ratio of 9.08, suggesting that investors are pricing in a recovery that may not materialize in the near term.
The current valuation reflects a market expectation of high-growth lifestyle platform status, yet the PEG ratio indicates that the price paid for each unit of growth is significantly higher than historical norms. Investors should monitor whether the forward multiple compresses further as the market reconciles the company's transition from a high-growth disruptor to a mature, cyclical consumer goods entity.
Based on reported financial figures, YETI's ROIC has experienced a notable decline, falling from 15.1% in 2023Q4 to 1.3% in 2026Q1, which indicates that the company is struggling to maintain its historical ability to compound returns on invested capital amidst rising operational costs and product recall expenses.
The sharp contraction in ROIC suggests that the capital deployed into new product categories and inventory expansion is not currently generating commensurate returns. This trend warrants further investigation into whether the company's core competitive advantage is being diluted by excessive SKU proliferation or if the recent decline is merely a temporary byproduct of non-recurring recall-related charges.
As reported in recent quarterly filings, YETI's cash conversion cycle has fluctuated significantly, reaching 119 days in 2026Q1, primarily driven by an elevated days inventory outstanding of 163 days, which highlights the ongoing challenge of managing stock levels in a cooling consumer discretionary environment.
The persistent length of the cash conversion cycle suggests that YETI is carrying substantial inventory risk, which may necessitate future promotional activity to clear older colorways. This inefficiency ties up significant liquidity and limits the company's ability to pivot quickly to changing consumer preferences without impacting its premium brand pricing floor.
Based on the latest balance sheet data, YETI maintains a modest debt-to-equity ratio of 0.34, which, according to financial disclosures, provides the company with a degree of financial flexibility to navigate the current period of decelerating growth and operational volatility without immediate refinancing or covenant risks.
While the leverage remains low compared to broader consumer discretionary peers, the company's interest coverage ratio has shown significant volatility, dropping to 11.14 in 2026Q1. This suggests that while the balance sheet is not currently over-extended, the company's ability to service debt could become more sensitive if operating margins continue to face downward pressure.
The P/E ratio is frequently misapplied to YETI because it fails to account for the significant impact of non-recurring product recall costs and stock-based compensation, which distort net income and obscure the underlying cash-generating capacity of the business model.
Analysts should instead focus on EV/EBITDA or P/FCF to better capture the operational reality of the business, as these metrics are less sensitive to the accounting noise inherent in the company's recent recall-related reserve adjustments. Relying solely on P/E may lead to an inaccurate assessment of the company's true valuation relative to its peers in the leisure and outdoor equipment space.
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Quick answers to the most common questions about buying YETI stock.
YETI Holdings, Inc.'s current P/E ratio is 24.0x. The historical average is 32.8x. This places it at the 38th percentile of its historical range.
YETI Holdings, Inc.'s current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.6x.
YETI Holdings, Inc.'s return on equity (ROE) is 23.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 57.7%.
Based on historical data, YETI Holdings, Inc. is trading at a P/E of 24.0x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
YETI Holdings, Inc. has 57.4% gross margin and 11.4% operating margin. Operating margin between 10-20% is typical for established companies.
YETI Holdings, Inc.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.