Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fleetwood's retained earnings for the quarter that ended in Jun. 2026 was A$-103.7 Mil.
Fleetwood's quarterly retained earnings
declined
from Jun. 2025 (A$-84.9 Mil) to Dec. 2025 (A$-88.7 Mil) and
declined
from Dec. 2025 (A$-88.7 Mil) to Jun. 2026 (A$-103.7 Mil).
Fleetwood's annual retained earnings
increased
from Jun. 2024 (A$-86.4 Mil) to Jun. 2025 (A$-84.9 Mil) but then
declined
from Jun. 2025 (A$-84.9 Mil) to Jun. 2026 (A$-103.7 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Fleetwood Retained Earnings Historical Data
* Premium members only.
The historical data trend for Fleetwood's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of A$-103.7 Mil mean?
Fleetwood (ASX:FWD) has a Retained Earnings of A$-103.7 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Fleetwood and its competitors.
Is Fleetwood's Retained Earnings too high?
Fleetwood's current Retained Earnings is A$-103.7 Mil. Overall, Fleetwood has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fleetwood's Retained Earnings compare to PWR and FIX?
Fleetwood's Retained Earnings of A$-103.7 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Construction company?
A good Retained Earnings depends on the Construction industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Fleetwood and its competitors. Fleetwood's current Retained Earnings is A$-103.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fleetwood stock overvalued right now?
Based on GuruFocus' analysis, Fleetwood (ASX:FWD) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.15, compared to a current price of A$2.66 — trading 23.7% above its estimated fair value. The current Retained Earnings is A$-103.7 Mil. Fleetwood's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Fleetwood (ASX:FWD), the current Retained Earnings is A$-103.7 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fleetwood (ASX:FWD) Overvalued in 2026?
Based on GuruFocus' analysis, Fleetwood stock appears to be overvalued.
The current stock price of A$2.66 is trading 23.7% above its estimated GF Value™ of A$2.15.
GuruFocus considers Fleetwood to be Modestly Overvalued.
Key valuation signals for ASX:FWD:
Retained Earnings: A$-103.7 Mil
GF Value™: A$2.15 vs. price of A$2.66 (23.7% above fair value)
No single metric tells the full story. See the ASX:FWD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fleetwood Limited is an Australian provider of modular and manufactured accommodation and related products. It operates through segments including Building Solutions, which designs, manufactures and supplies modular buildings such as relocatable classrooms, health and custodial facilities, and remote workforce accommodation for government, education, and resources clients; RV Solutions, which manufactures and distributes recreational vehicles, caravans, and motorhomes under brands such as Coromal, Windsor, and Apollo; and Community Solutions, focused on affordable and social housing. The company serves government departments, private operators, and consumers, with the majority of revenue generated in Australia and additional operations in New Zealand. Revenue comes from manufacturing and selling modular buildings and recreational vehicles, along with associated parts, servicing, and long-term supply contracts. Fleetwood is headquartered in Perth, Western Australia.
69GF Score
Get the complete analysis for ASX:FWD
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:FWD has been successfully added to your 
