WW INTERNATIONAL, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data WW INTERNATIONAL, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	1,164	1,165	1,307	1,514	1,413	1,378	1,211	1,040	890	786
Cost of revenue	590	579	614	648	627	600	484	418	360	253
Gross profit	574	586	693	866	787	778	727	621	529	533
Selling, general and administrative	205	190	211	251	255	297	269	264	218	176
Operating income	168	201	267	389	288	216	197	-284	22.3	-236
Interest expense	122	115	113	142	135	123	87.9	81.1	109	111
Other non-operating income	-2.03	-1.52	-0.47	-2.58	-1.76	-0.35	-1.36	-1.69	-0.07	0
Pre-tax income	55.6	84.1	145	244	151	92.5	77	-367	-73.6	-345
Income tax	22.8	16.6	-18.2	20.5	31.5	17.5	9.85	-110	38.6	0.53
Net income to minority interests	-0.17	-0.21	-0.2	-0.18	-0.17	-0.04
Net income	32.9	67.7	164	224	120	75.1	67.1	-257	-112	-346
EBITDA	228	260	324	442	342	276	251	-235	79.8	-198
EPS, basic	0.56	1.06	2.54	3.38	1.78	1.11	0.96	-3.65	-1.46	-4.34
EPS, diluted	0.56	1.03	2.40	3.19	1.72	1.07	0.95	-3.65	-1.46	-4.34
Shares, basic (weighted)	58.4	63.7	64.3	66.3	67.2	67.8	69.6	70.3	76.7	79.6
Shares, diluted (weighted)	59	65.9	68.2	70.1	69.6	70	70.7	70.3	76.7	79.6
Dividend per share	0.00

Balance sheet

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	242	109	83.1	237	183	166	154	178	109	53
Receivables	29.3	27.5	23.9	27.2	30.5	34.6	29.3	24.3	14.9	14.4
Inventory	27.8	32.6	31.7	25.9	27.2	39.5	30.6	20.5	0.07
Other current assets	37.4	30.9	26.8	35.3	30.6	23.6	27	30.8	19.7	15.5
Total current assets	351	235	209	366	295	299	271	281	179	103
Property, plant and equipment	58.2	49.6	48	52.2	54.1	51.9	37.2	28.2	19.7	15.8
Lease right-of-use assets				0	152	119	89.9	75.7	52.3	42
Goodwill	159	166	156	153	158	156	157	156	243	240
Intangible assets	66.3	58.6								116
Other non-current assets	11.6	12.8	19.7	18.9	12.2	16.1	15.7	14.9	17.7	17.8
Total assets	1,394	1,271	1,246	1,415	1,498	1,481	1,429	1,028	982	550
Accounts payable	38.2	40.6	24.4	27.1	29.1	23.1	22.4	18.9	18.5	17.8
Deferred revenue	61.6	62.9	74.3	53.5	60.6	50.5	45.9	32.2	34	31.7
Short-term debt	213	21	82.8	77	96.3	77
Total current liabilities	503	292	343	341	394	340	229	197	205	173
Long-term debt	1,996	1,981	1,741	1,670	1,480	1,409	1,418	1,422	1,426	1,431
Lease liabilities				0	128	102	78.2	68.1	53.5	44.3
Other non-current liabilities	23.9	25	30.3	18.3	2.45	5.21	2.23	2.19	15.7	1.59
Total liabilities	2,680	2,474	2,258	2,220	2,180	2,029	1,885	1,714	1,743	1,665
Total debt	2,235	2,021	1,865	1,782	1,605	1,486	1,418	1,422	1,426	1,431
Retained earnings	1,995	2,057	2,203	2,382	2,500	2,618	2,682	2,417	2,315	1,936
Treasury stock	-3,247	-3,237	-3,209	-3,176	-3,158	-3,141	-3,120	-3,097	-3,065	-3,025
Other comprehensive income	-37.3	-27.1	-10.5	-15.8	-27.4	-25.1	-18.6	-5.47	-11.3	-25.8
Shareholders' equity	-1,290	-1,208	-1,016	-809	-686	-548	-453	-686	-761	-1,114
Total equity	-1,290	-1,208	-1,016	-809	-686	-545	-453	-686	-761	-1,114
Total liabilities and equity	1,394	1,271	1,246	1,415	1,498	1,481	1,429	1,028	982	550

Cash flow statement

	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	32.8	67.5	163	224	119	75	67.1	-257	-112	-346
Depreciation and amortization	60.1	58.7	57	52.6	54.3	59.5	54.7	48.8	57.5	37.8
Stock-based compensation	24.8	6.53	14.9	20.2	20.5	55	21.3	13	15.2	7.76
Deferred income tax	12.1	11.1	-48.2	-13.7	-9.42	-1.44	-15.6	-146	19.8	-26.6
Change in receivables	1.57	-0.04	5.44	-8	1.33	-3.6	4.71	-7.56	17.1	1.6
Change in inventory	-3.06	-9.51	-4.5	-1.15	-9.13	-25.9	1.82	3.73	14	0.09
Change in payables	-13.9	0.46	-14.5	2.22	1.35	-4.05	0.37	-2.69	-0.05	-0.51
Cash from operations	54.8	119	222	296	182	136	157	76.6	6.69	-16.8
Capital expenditures	-3.95	-5.56	-13.7	-19.1	-17.2	-21.5	-2.45	-2.07	-2.49	-0.72
Acquisitions	-3.11	-2.9	0	-7.1	-4.06	-10	-12.8	-4.35	-38.4
Cash from investing	-40.3	-37.5	-40.8	-64	-52.6	-65.6	-52.8	-42.6	-74.7	-16.4
Debt issued	0	0	1,840	0	0		1,500
Debt repaid	-158	-165	-2,019	-57.8	-177	-96.3	-1,564
Stock issued	41.5	0	0	33.4	1.08	8.18	4.47	0	0.72	0
Dividends paid	-0.04	-0.01	0	0
Cash from financing	-68.6	-212	-211	-74.4	-183	-95.5	-112	-4.72	-2.75	-17.3
Exchange rate effect	-5.61	-2.16	4.4
Net change in cash	-59.7	-133	-25.6	154	-54.2	-16.8	-12.1	24.5	-69	-52.8
Free cash flow	50.9	113	209	277	165	114	155	74.6	4.2	-17.6
Interest paid	118	113	115	120	130	137	79.4	76.2	91.6	96.8
Income taxes paid	25.6	25.5	27.3	12.1	34.3	24.6	41.4	25.8	30.9	11.5

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $14.36 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	67.8%	Gross profit / revenue.
Operating margin	-30.1%	Operating income / revenue.
EBITDA margin	-25.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-43.9%	Pre-tax income / revenue.
Net margin	-44.0%	Net income / revenue.
FCF margin	-2.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-2.1%	Cash from operations / revenue.
Return on assets (ROA)	-45.1%	Net income / average total assets.
Return on invested capital (ROIC)	-45.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	22.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.1%	Capital expenditures / revenue.
D&A / revenue	4.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-11.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-13.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-11.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	0.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-9.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-7.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-1,158.0%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-348.6%	EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-351.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	-517.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-44.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-27.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-18.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	3.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	4.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.59x	Current assets / current liabilities.
Quick ratio	0.39x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.31x	(Cash + short-term investments) / current liabilities.
Debt / assets	260.0%	Total debt / total assets.
Liabilities / assets	302.5%	Total liabilities / total assets.
Net debt	$1.38B	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	-2.14x	Operating income / interest expense.
Working capital	-$70.7M	Current assets - current liabilities.
Goodwill and intangibles / assets	64.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.47B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.03x	Revenue / average total assets.
Fixed asset turnover	44.2x	Revenue / average property, plant and equipment.
Receivables turnover	53.5x	Revenue / average receivables.
Days sales outstanding	7 days	365 x average receivables / revenue.
Days payables	26 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$4.34	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	-$4.34	Net income per basic share, as reported (split-adjusted).
Revenue per share	$9.88	Revenue / diluted weighted shares.
FCF per share	-$0.22	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$0.21	Cash from operations / diluted weighted shares.
Book value per share	-$14.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$18.47	Tangible book value / shares outstanding.
Cash per share	$0.67	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$143.5M	Share price x shares outstanding.
Enterprise value	$1.52B	Market cap + total debt - cash - short-term investments.
P/S	0.18x	Market cap / revenue.
EV/Sales	1.94x	Enterprise value / revenue.
FCF yield	-12.2%	Free cash flow / market cap.
Earnings yield	-240.9%	Net income / market cap (the inverse of P/E).

What was WW INTERNATIONAL, INC.'s revenue in fiscal 2024?

WW INTERNATIONAL, INC. reported revenue of $785.9M for fiscal 2024, 11.6% lower than the year before.

Was WW INTERNATIONAL, INC. profitable in fiscal 2024?

No. It reported a net loss of $345.7M.

How much free cash flow did WW INTERNATIONAL, INC. generate in fiscal 2024?

Cash from operations of $16.8M minus capital expenditures of $718.0K left free cash flow of -$17.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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