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Designs and markets footwear brands including Merrell, Saucony and Sperry across outdoor and lifestyle categories.
Designs and markets footwear brands including Merrell, Saucony and Sperry across outdoor and lifestyle categories.
Designs shoes that contract factories in Asia make, then sells them wholesale to outdoor, sporting-goods and department stores and directly through its own stores and websites. In recent years it has put its effort behind Saucony and Merrell, the brands with the most growth.
Moat: narrow (brand, distribution). Portfolio of niche performance/lifestyle brands in competitive footwear categories.
Headquarters: Rockford, Michigan, US · Founded: 1883 · Employees: 3,050
Size Wolverine World Wide (WWW) is a United States Consumer Discretionary company (Apparel/Footwear) with a market value of $1.75B, the 1884th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.33 on 6 Nov 2026.
Performance Over six months the shares gained 27.7%, against -1.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +6.5%); the operating margin is 8.7% (peer median 9.5%).
Valuation It trades at 12.1× forward earnings against a peer median of 12.7× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.6 points above its cost of capital (10.9% WACC).
Credit Wolverine World Wide has 1 bond outstanding ($550M), rated B by the agencies and trading like BB- at a weighted spread of 167 bp.
Short interest Short interest is 7.0% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.95B | $1.87B | $1.75B | $2.24B | $2.68B |
| Revenue growth | — | +7% | -22% | -16% | — |
| Gross profit | $915M | $880M | $762M | $883M | $1.07B |
| EBITDA | $198M | $183M | $114M | $51.2M | $199M |
| Net income | $106M | $93.1M | $43.6M | -$40.3M | -$189M |
| Free cash flow | $171M | $122M | $160M | $107M | -$215M |
| Capital expenditure | $7.60M | $14.5M | $20.2M | $14.6M | $36.5M |
| Total debt | $745M | $762M | $798M | $1.09B | $1.35B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wolverine World Wide WWW | $1.75B | +28% | +7% | 9% | 12.1× | 9.1% |
| Columbia Sportswear COLM | $3.61B | +12% | 0% | 8% | 16.2× | 4.6% |
| Deckers Brands DECK | $11.6B | -14% | +6% | 23% | 11.0× | -3.3% |
| V.F VFC | $8.01B | +7% | -2% | 8% | 16.6× | 11.1% |
| Crocs CROX | $6.94B | +47% | +1% | 23% | 9.6× | 1.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WWW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.3% | +5.1% | 3rd highest of 21 |
| 6-month return | +27.7% | -1.1% | 3rd highest of 21 |
| Distance from 52-week high | -10.5% | -27.4% | 5th highest of 21 |
| Revenue growth (TTM) | +7.2% | +6.5% | 10th highest of 21 |
| Operating margin | 8.7% | 9.5% | 10th lowest of 21 |
| Forward P/E | 12.1× | 12.7× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.1% | -7.4% | 4th most demanding of 16 |
| Growth delivered (Del g) | +0.9% | +7.4% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | +8.2 pp | -14.4 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | +1.6 pp | +5.1 pp | 7th lowest of 21 |
| EV / EBITDA | 11.9× | 7.0× | 3rd most expensive of 18 |
| Net debt / EBITDA | 3.0× | -0.5× | 3rd most indebted of 19 |
| Bond spread | 167 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wolverine World Wide WWW | United States | $1.75B | +28% | +7% | 9% | 12.1× | 9.1% | +0.9% |
| F&F 383220.KS | South Korea | $1.80B | -3% | +7% | 25% | 5.1× | n/a | n/a |
| Vestis VSTS | United States | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% | +1.3% |
| Makalot Industrial 1477.TW | Taiwan | $1.59B | +1% | -2% | 14% | 12.8× | -8.0% | +6.7% |
| Goldwin 8111.T | Japan | $1.93B | -1% | +4% | 18% | 12.7× | -6.3% | +8.7% |
| Misto 081660.KS | South Korea | $1.51B | -5% | +8% | 13% | 6.4× | -13.9% | +7.4% |
| JNBY Design 3306.HK | Hong Kong | $1.47B | +7% | +12% | 20% | 9.4× | -7.4% | +6.9% |
| Feng Tay Enterprise 9910.TW | Taiwan | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% | +3.9% |
| Stella International 1836.HK | Hong Kong | $1.47B | -10% | +2% | 8% | 11.8× | -9.5% | +6.8% |
| Mizuno 8022.T | Japan | $2.10B | +27% | +10% | 9% | 15.9× | 4.9% | +11.5% |
| YoungoneHoldings 009970.KS | South Korea | $1.42B | -11% | +14% | 15% | 6.5× | n/a | n/a |
| Under Armour UA | United States | $2.23B | -19% | -3% | 1% | 83.9× | n/a | n/a |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 14.4× | n/a | n/a |
| Youngone 111770.KS | South Korea | $2.27B | -13% | +15% | 14% | 5.5× | n/a | n/a |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 13.0× | -9.5% | +7.5% |
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% | +16.0% |
| Pou Chen 9904.TW | Taiwan | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% | +0.1% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% | +10.8% |
| Zhejiang Semir Garment 002563.SZ | China | $2.42B | -1% | +4% | 7% | 14.8× | -8.1% | -0.1% |
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% | +8.1% |
Wolverine World Wide has 1 bond outstanding with $550M face value. The agencies rate it B; its bonds trade like BB-. Weighted yield 6.20%, a spread of 167 bp over government bonds.