YETI
YETI Holdings, Inc.
YETI's fundamentals are strong and it looks cheap: trading at 16x earnings, below its usual 25x. Analysts expect strong earnings growth.
YETI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
YETI's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
YETI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $38.30 | — |
| Current | 16x | $38.30 | — |
| Cheap | 17x | $41.93 | +9.5% |
| Fair | 25x | $59.81 | +56% |
| Expensive | 53x | $128 | +233% |
Historical ranges are pointers, not guarantees.
YETI's PE is in its cheap range at 16x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
YETI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for YETI, with profitability improving.
YETI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +35% |
| Q3 2026 | $2.41 | +26% |
| Q2 2026 | $2.29 | +9.6% |
| Q1 2026 | $1.96 | -5.3% |
| Q4 2025 | $2.03 | -1% |
| Q3 2025 | $1.91 | -18% |
| Q2 2025 | $2.09 | -2.8% |
| Q1 2025 | $2.07 | +3.5% |
| Q4 2024 | $2.05 | +5.7% |
YETI earned $2.41 per share over the past year, up 26% from the year before.
YETI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $509.4M | +4.4% |
| Q2 2026 | $483.9M | +8.5% |
| Q1 2026 | $380.4M | +8.3% |
| Q4 2025 | $583.7M | +6.8% |
| Q3 2025 | $487.8M | +1.9% |
| Q2 2025 | $445.9M | -3.8% |
| Q1 2025 | $351.1M | +2.9% |
| Q4 2024 | $546.5M | +5.1% |
YETI's revenue has grown year over year for five quarters in a row: $509M last quarter, up 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +0.8 points |
| Q2 2026 | 19% | +5.4 points |
| Q1 2026 | 3.3% | -2.9 points |
| Q4 2025 | 13% | -2.2 points |
| Q3 2025 | 11% | -3.4 points |
| Q2 2025 | 14% | -0.6 points |
| Q1 2025 | 6.2% | -1.4 points |
| Q4 2024 | 15% | -3.8 points |
YETI's operating margin was 12% last quarter, up 0.8 points from the same quarter a year ago.
YETI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67.4M | +7.1% |
| Q2 2026 | $48.1M | -4.1% |
| Q1 2026 | -$43.8M | +$45.4M |
| Q4 2025 | $162M | -25% |
| Q3 2025 | $62.9M | -15% |
| Q2 2025 | $50.2M | +12% |
| Q1 2025 | -$89.2M | +$25.1M |
| Q4 2024 | $215.1M | +35% |
YETI generated $234M in free cash flow over the past year, down 2.2% from the year before.
YETI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -1.6M shares |
| 1 year | -8.9% | -7.3M shares |
| 3 years | -15% | -13.4M shares |
| 5 years | -16% | -14.6M shares |
| Available history | -14% | -12.2M shares |
YETI has 74M diluted shares, down 8.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20M |
| Q4 2025 | $124.9M |
| Q3 2025 | $149.9M |
| Q2 2025 | $23M |
| Q1 2025 | — |
| Q4 2024 | $100M |
| Q3 2024 | — |
| Q2 2024 | — |
YETI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
YETI has more cash than debt.
YETI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.1 | Neutral |
| Stochastic | 24.9 | Neutral |
YETI's weekly RSI is 40 (neutral) and its Stochastic is 25 (neutral).
YETI PE vs Consumer Cyclical Sector
| Metric | YETI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 12% below |
| PE % | 7 | 47 | 40 pts below |
YETI is trading at 16x earnings, a 12% discount to the Consumer Cyclical sector's median of 18x.
YETI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $42.0 | 8.7% below |
| 20 week MA | $44.5 | 14% below |
| 50 week MA | $44.2 | 13% below |
| 100 week MA | $39.2 | 2.4% below |
| 200 week MA | $40.2 | 4.6% below |
YETI is in a downtrend: it's below all five of its weekly moving averages, and 4.6% below its 200-week average.
YETI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.0 | $73.1 | +109% |
| 2021 | $73.1 | $83.4 | +14% |
| 2022 | $83.4 | $41.5 | -50% |
| 2023 | $41.5 | $51.8 | +25% |
| 2024 | $51.8 | $39.4 | -24% |
| 2025 | $39.4 | $45.8 | +16% |
| 2026 YTD | $45.8 | $38.3 | -16% |
YETI's yearly returns have swung widely, from +109% in 2020 to −50% in 2022. It's down 16% so far in 2026.