Yeti Holdings Inc - Understand $yeti stock

$YETI Market Cap: $3.324 Billion

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Financial Snapshot

Revenue

$1.727B

TTM

Gross Margin

57.02%

TTM

Net Earnings

$182.9M

TTM

Current Assets

$807.2M

Q2 2024

Current Liabilities

$351.9M

Q2 2024

Current Ratio

229.42%

Q2 2024

Total Assets

$1.232B

Q2 2024

Total Liabilities

$526.4M

Q2 2024

Book Value

$705.9M

Q2 2024

Cash

$212.9M

Q2 2024

P/E

18.17

Sep 17, 2024 EST

Free Cash Flow

$150.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$1.659B	$1.411B	$1.092B	$1.092B	$913.7M	$778.8M	$639.2M	$818.9M	$468.9M	$147.7M	$89.90M
YoY Change	17.56%	29.24%	0.0%	19.48%	17.32%	21.84%	-21.94%	74.64%	217.47%	64.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$1.659B	$1.411B	$1.092B	$1.092B	$913.7M	$778.8M	$639.2M	$818.9M	$468.9M	$147.7M	$89.90M
Cost Of Revenue	$715.5M	$594.9M	$462.9M	$462.9M	$438.4M	$395.7M	$344.6M	$405.0M	$250.2M	$80.50M	$45.50M
Gross Profit	$943.2M	$816.1M	$628.8M	$628.8M	$475.3M	$383.1M	$294.6M	$414.0M	$218.7M	$67.20M	$44.40M
Gross Profit Margin	56.86%	57.84%	57.6%	57.6%	52.02%	49.19%	46.09%	50.56%	46.64%	45.5%	49.39%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$714.8M	$541.2M	$414.6M	$414.6M	$385.5M	$281.0M	$230.6M	$325.8M	$90.80M	$41.50M	$29.20M
YoY Change	32.08%	30.54%	-0.01%	7.54%	37.22%	21.83%	-29.21%	258.81%	118.8%	42.12%
% of Gross Profit	75.79%	66.31%	65.93%	65.94%	81.11%	73.34%	78.29%	78.7%	41.52%	61.76%	65.77%
Research & Development	$15.50M	$13.70M	$11.20M		$20.50M	$10.80M	$8.800M
YoY Change	13.14%	22.32%			89.81%	22.73%
% of Gross Profit	1.64%	1.68%	1.78%		4.31%	2.82%	2.99%
Depreciation & Amortization	$46.43M	$32.07M	$30.54M	$30.50M	$28.96M	$24.78M	$20.77M	$11.70M	$7.500M	$6.800M	$5.700M
YoY Change	44.79%	5.03%	0.11%	5.32%	16.88%	19.3%	77.51%	56.0%	10.29%	19.3%
% of Gross Profit	4.92%	3.93%	4.86%	4.85%	6.09%	6.47%	7.05%	2.83%	3.43%	10.12%	12.84%
Operating Expenses	$714.8M	$554.9M	$425.8M	$414.6M	$406.0M	$291.8M	$239.4M	$325.7M	$90.80M	$41.60M	$29.30M
YoY Change	28.82%	30.32%	2.69%	2.11%	39.16%	21.86%	-26.49%	258.7%	118.27%	41.98%
Operating Profit	$228.4M	$274.9M	$214.2M	$214.2M	$89.77M	$102.2M	$63.97M	$88.30M	$127.9M	$25.60M	$15.10M
YoY Change	-16.93%	28.34%	0.02%	138.61%	-12.12%	59.7%	-27.56%	-30.96%	399.61%	69.54%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	-$942.0K	$3.339M	$9.155M	-$9.200M	$21.78M	$31.28M	$32.61M	-$21.70M	-$6.100M	-$3.500M	-$3.900M
YoY Change	-128.21%	-63.53%	-199.51%	-142.24%	-30.37%	-4.07%	-250.26%	255.74%	74.29%	-10.26%
% of Operating Profit	-0.41%	1.21%	4.27%	-4.3%	24.26%	30.62%	50.97%	-24.58%	-4.77%	-13.67%	-25.83%
Other Income/Expense, Net	$1.430M	-$3.189M	$123.0K	$100.0K	-$734.0K	-$1.261M	$699.0K	-$1.200M	-$6.500M	-$200.0K	-$200.0K
YoY Change	-144.84%	-2692.68%	23.0%	-113.62%	-41.79%	-280.4%	-158.25%	-81.54%	3150.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	$225.9M	$268.4M	$205.2M	$205.2M	$67.26M	$69.62M	$32.06M	$65.30M	$115.4M	$21.90M	$11.10M
YoY Change	-15.82%	30.8%	0.0%	205.09%	-3.39%	117.15%	-50.91%	-43.41%	426.94%	97.3%
Income Tax	$56.06M	$55.81M	$49.40M	$49.40M	$16.82M	$11.85M	$16.66M	$16.50M	$41.10M	$7.700M	$3.800M
% Of Pretax Income	24.81%	20.79%	24.07%	24.07%	25.01%	17.03%	51.96%	25.27%	35.62%	35.16%	34.23%
Net Earnings	$169.9M	$212.6M	$155.8M	$155.8M	$50.43M	$57.76M	$15.40M	$48.00M	$74.20M	$14.20M	$7.300M
YoY Change	-20.09%	36.46%	0.0%	208.92%	-12.69%	275.06%	-67.91%	-35.31%	422.54%	94.52%
Net Earnings / Revenue	10.24%	15.07%	14.27%	14.27%	5.52%	7.42%	2.41%	5.86%	15.82%	9.61%	8.12%
Basic Earnings Per Share	$1.96	$2.43	$1.79		$0.59	$0.71	$0.19
Diluted Earnings Per Share	$1.94	$2.40	$1.77	$1.77	$0.58	$0.69	$0.19	$574.2K	$887.6K	$169.9K	$87.32K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Short-Term Investments	$439.0M	$312.2M	$253.3M	$253.3M	$72.50M	$80.10M	$53.70M	$21.30M	$40.30M	$8.900M
YoY Change	40.61%	23.25%	0.0%	249.38%	-9.49%	49.16%	152.11%	-47.15%	352.81%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$42.46M	$29.58M	$17.70M	$17.70M	$19.60M	$12.20M	$7.200M	$26.40M	$23.50M	$11.80M
YoY Change	43.53%	67.14%	0.0%	-9.69%	60.66%	69.44%	-72.73%	12.34%	99.15%
Inventory	$337.2M	$318.9M	$140.1M	$140.1M	$185.7M	$145.4M	$175.1M	$246.1M	$88.30M	$17.70M
Prepaid Expenses
Receivables	$95.77M	$109.5M	$65.40M	$65.40M	$82.70M	$59.30M	$67.20M	$37.20M	$64.00M	$16.90M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$914.4M	$770.2M	$476.5M	$476.5M	$360.5M	$297.0M	$303.0M	$331.0M	$216.0M	$55.20M
YoY Change	18.73%	61.63%	0.0%	32.18%	21.38%	-1.98%	-8.46%	53.24%	291.3%
Property, Plant & Equipment	$208.3M	$174.0M	$112.2M	$112.2M	$120.4M	$74.10M	$73.80M	$47.10M	$14.80M	$9.100M
YoY Change	19.69%	55.09%	0.0%	-6.81%	62.48%	0.41%	56.69%	218.24%	62.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.595M	$2.575M	$2.000M	$2.000M	$3.500M	$8.800M	$11.00M	$19.50M	$1.400M	$1.100M
YoY Change	0.78%	28.75%	0.0%	-42.86%	-60.23%	-20.0%	-43.59%	1292.86%	27.27%
Total Long-Term Assets	$382.8M	$326.2M	$260.6M	$260.6M	$269.0M	$217.2M	$213.4M	$205.1M	$130.0M	$126.3M
YoY Change	17.35%	25.17%	0.0%	-3.12%	23.85%	1.78%	4.05%	57.77%	2.93%
Total Assets	$1.297B	$1.096B	$737.1M	$737.1M	$629.5M	$514.2M	$516.4M	$536.1M	$346.0M	$181.5M
YoY Change
Accounts Payable	$190.4M	$191.3M	$123.6M	$123.6M	$83.80M	$68.70M	$40.30M	$19.40M	$24.90M	$12.90M
YoY Change	-0.48%	54.79%	0.0%	47.49%	21.98%	70.47%	107.73%	-22.09%	93.02%
Accrued Expenses	$167.9M	$152.6M	$112.1M	$112.1M	$63.50M	$68.60M	$52.10M	$47.60M	$30.30M	$6.400M
YoY Change	10.05%	36.09%	0.0%	76.54%	-7.43%	31.67%	9.45%	57.1%	373.44%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$6.579M	$24.56M	$22.70M	$22.70M	$15.20M	$43.60M	$47.10M	$45.60M	$2.000M	$2.000M
YoY Change	-73.21%	8.19%	0.0%	49.34%	-65.14%	-7.43%	3.29%	2180.0%	0.0%
Total Short-Term Liabilities	$398.4M	$403.7M	$287.8M	$287.8M	$170.3M	$187.3M	$151.9M	$137.9M	$81.10M	$21.80M
YoY Change	-1.33%	40.28%	0.0%	69.0%	-9.08%	23.3%	10.15%	70.04%	272.02%
Long-Term Debt	$78.65M	$95.74M	$111.0M	$111.0M	$281.7M	$284.4M	$428.6M	$491.7M	$59.70M	$26.70M
YoY Change	-17.86%	-13.75%	0.0%	-60.6%	-0.95%	-33.64%	-12.83%	723.62%	123.6%
Other Long-Term Liabilities	$96.58M	$79.09M	$49.90M	$49.90M	$55.50M	$13.50M	$12.10M	$1.700M	$200.0K	$3.800M
YoY Change	22.12%	58.49%	0.0%	-10.09%	311.11%	11.57%	611.76%	750.0%	-94.74%
Total Long-Term Liabilities	$175.2M	$174.8M	$160.9M	$160.9M	$337.2M	$297.9M	$440.7M	$493.4M	$59.90M	$30.50M
YoY Change	0.23%	8.66%	0.0%	-52.28%	13.19%	-32.4%	-10.68%	723.71%	96.39%
Total Liabilities	$573.6M	$578.5M	$448.6M	$448.6M	$507.5M	$485.2M	$592.7M	$633.4M	$145.1M	$57.00M
YoY Change	-0.86%	28.97%	0.0%	-11.61%	4.6%	-18.14%	-6.43%	336.53%	154.56%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2019	2018	2017
Basic Shares Outstanding	86.72M shares	87.43M shares	86.98M shares	85.09M shares	81.78M shares	81.48M shares
Diluted Shares Outstanding	87.40M shares	88.67M shares	87.85M shares	86.35M shares	83.52M shares	82.97M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $3.3243 Billion

About Yeti Holdings Inc

YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. The company is headquartered in Austin, Texas and currently employs 1,050 full-time employees. The company went IPO on 2018-10-25. The firm's product portfolio consists of three categories: Coolers & Equipment; Drinkware, and Other. Its Coolers & Equipment family is comprised of hard coolers, soft coolers, cargo, bags, outdoor living, and associated accessories. Its hard cooler category includes YETI Tundra, YETI Roadie, YETI V Series hard coolers, YETI TANK ice, and YETI Silo 6G water cooler bucket. Its Hopper soft cooler product line includes Hopper M15 Soft Cooler, Hopper M12 Soft Backpack Cooler, Hopper M30 Soft Cooler, Hopper Flip Soft Cooler, and Daytrip Lunch Bag, among others. Its Drinkware product line consists of Rambler Colsters, Rambler Lowball, Rambler Wine Tumblers, Rambler Stackable Pints, Rambler Mugs, Rambler Tumblers, Rambler Straw Mugs and Cups, Rambler Bottles, Rambler Jugs and Yonder Water Bottles. Its Other category offers an array of apparel and gear, such as hats, shirts, bottle openers and ice substitutes.

Industry: Sporting & Athletic Goods, NEC Peers: Acushnet Holdings Corp Brunswick Corp Topgolf Callaway Brands Corp Hasbro Inc Johnson Outdoors Inc Malibu Boats Inc Peloton Interactive Inc Polaris Inc Sturm Ruger & Company Inc Vista Outdoor Inc