Does WINNEBAGO INDUSTRIES, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores WINNEBAGO INDUSTRIES, INC. (WGO) 34.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 17, returns on capital 64, balance-sheet safety 13, capital discipline 39.

How has WGO's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 34.5 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

WINNEBAGO INDUSTRIES, INC.

WGO · Consumer Discretionary · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power17

Median gross margin 14.7% over 10y, stable.

Returns on capital64

Median ROIC 14.0%, above the 9% hurdle in 70% of years.

Balance-sheet safety13

Net debt/EBITDA 3.1x, interest coverage 2x.

Capital discipline39

Owner earnings +0.3%/yr, share count flat.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $215.9M
Est. intrinsic value / share: —
Recent price: $30.70
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for WGO yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale34.5 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — WGO has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#249 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#247ONT Onterris, Inc.35.0 out of 100, No moatNo moat
#248ECXJ CXJ GROUP CO., Limited35.0 out of 100, No moatNo moat
#250MDLK MODULINK INC.34.4 out of 100, No moatNo moat
#251AVAV AeroVironment Inc34.2 out of 100, No moatNo moat

Compare WGO with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about WGO

Does WINNEBAGO INDUSTRIES, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores WINNEBAGO INDUSTRIES, INC. (WGO) 34.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 17, returns on capital 64, balance-sheet safety 13, capital discipline 39.
How has WGO's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 34.5 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell WGO. See the disclaimer.