WINNEBAGO INDUSTRIES INC Revenue Disclosure
| (in millions) | 2025 | 2024 | 2023 | ||||||||||||||
| Net Revenues | |||||||||||||||||
| Towable RV: | |||||||||||||||||
| Fifth Wheel | $ | 606.0 | $ | 656.6 | $ | 715.1 | |||||||||||
| Travel Trailer | 581.2 | 627.5 | 658.2 | ||||||||||||||
Other(1) | 33.0 | 34.7 | 42.0 | ||||||||||||||
| Total Towable RV | 1,220.2 | 1,318.8 | 1,415.3 | ||||||||||||||
| Motorhome RV: | |||||||||||||||||
| Class A | 460.0 | 545.8 | 736.0 | ||||||||||||||
| Class B | 173.7 | 267.7 | 424.8 | ||||||||||||||
Class C and Other(1) | 526.0 | 466.3 | 399.3 | ||||||||||||||
| Total Motorhome RV | 1,159.7 | 1,279.8 | 1,560.1 | ||||||||||||||
| Marine | 367.8 | 325.5 | 469.7 | ||||||||||||||
Corporate / All Other(2) | 50.5 | 49.4 | 45.6 | ||||||||||||||
| Consolidated | $ | 2,798.2 | $ | 2,973.5 | $ | 3,490.7 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Oct 22, 2025 | Showing above |
| 2024 | Oct 23, 2024 | |
| 2023 | Oct 18, 2023 | |
| 2022 | Oct 19, 2022 | |
| 2021 | Oct 20, 2021 | |
| 2020 | Oct 21, 2020 | |
| 2019 | Oct 23, 2019 | |
| 2016 | Oct 18, 2016 | |
| 2015 | Oct 27, 2015 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.