Recreational Vehicle and Marine Products Manufacturing
Strategic Profile
The company delivered meaningful top-line growth and margin expansion driven by new products, select pricing actions, production discipline, strong cost management, and a product portfolio increasingly aligned to where consumers are spending. The Motorhome RV segment continued its momentum propelled by sustained appeal of premium Newmar products and growing Grand Design motorized offerings.
Cyborg Score Rationale
Q1 FY2026 revenue of $702.7 million increased 12.3% year-over-year driven by growth in motorhome and towable RV segments. Adjusted EBITDA increased 109.7% year-over-year to $30.2 million. However, the company operates in highly cyclical discretionary markets vulnerable to economic downturns and high interest rates.
Top Insights
FY2026 revised guidance: $2.8-3.0B revenue and $2.10-2.80 adjusted EPS, raised from prior expectations
Q1 gross margin improved to 12.7% from 12.3% year-over-year with net income of $5.5M
Citigroup raised price target from $51 to $54 and Zacks upgraded to Buy on January 26, 2026
Market expects 340,000 RV units in 2025 and 315,000-345,000 units in 2026
Named Competitors
RV Manufacturing — Competing RV manufacturers in motorhome and towable segments
Marine Manufacturing — Major marine and recreational boat competitor
Recreational Vehicles — Leading RV manufacturer competing across multiple segments
Recent Developments
(December 2025) Q1 FY2026 results reported with 12.3% revenue growth and company raises FY2026 earnings guidance
(January 2026) Citigroup and Zacks provided positive analyst upgrades
(December 2025) Board named John Murabito as chair and declared $0.35 quarterly dividend per share
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