WWWWolverine World Wide, Inc.
Is the business good?
The checks split: 8 of 9 health tests passed and earnings fully cash-backed (1.3×), but returns that lean on debt.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 24% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is WWW?
Wolverine World Wide, Inc. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 6.0 points above what the capital costs: growth creates value
- Operating margin
- 8.7%
Operating margin · Footwear & Accessories median 8.8% · 12 months to Q2 2026
- Cash conversion
- 1.34×
Cash conversion · 1.30× a year ago · operating cash flow covers the operating profit after tax
- Gross margin
- 47%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −7.6% |
| FY2021 | 6.5% |
| FY2022 | −7.8% |
| FY2023 | −3.0% |
| FY2024 | 5.6% |
| FY2025 | 8.0% |
Details›
- Gross margin12 months to Q2 2026
- 47%
- Operating margin12 months to Q2 2026
- 8.7%
- Net margin12 months to Q2 2026
- 5.5%
- Free cash flow margin
- 9.0%
- Revenue, trailing twelve months
- $1.95B
- Free cash flow, trailing twelve months
- $175M
- Net income, trailing twelve months
- $108M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Footwear & Accessories
Ranks #6 of 9 by RyuScore