How Wolverine World Wide makes money

Period

FY2025

How does Wolverine World Wide make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Wolverine World Wide Inc. · FY2025 · year ended 2026-01-03

Revenue$1.9BGross profit$887M · 47%Cost of revenue$988M · 53%Operating income$150M · 8%Operating expenses$737M · 39%SG&A$730M · 39%Pre-tax income$116M · 6%Other expense$34M · 2%Net income$96M · 5%Income tax$21M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.