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American Outdoor Brands, Inc. (AOUT) stock

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NASDAQ: AOUT Nasdaq Leisure Products

C+ Fundamentals grade

American Outdoor Brands, Inc. is a US-listed company in the leisure products industry. Its financial year ends in April.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$12

Cash-flow model

Base case. Range ~$9.3–$14 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 37% below it.

Price used: $18.44, November 2, 2026

American Outdoor Brands, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds45 adding, 42 cuttingOf 14 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter American Outdoor Brands files

Where American Outdoor Brands stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $198m, down 5.8% on a year earlier, a smaller fall than the 14.3% decline a quarter earlier. That puts it 16 of 18 for growth among the leisure products companies we cover. Free-cash-flow margin rose to 9.7% from 0.7% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $11.29 a share, against a share price of $17.83. At that price, our model says the market is pricing in about 11.9% a year of cash-flow growth for five years, faster than the -4.4% a year revenue growth it has delivered.

Source: 10-Q filed September 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

American Outdoor Brands, Inc.'s trailing-twelve-month revenue fell 5.8% year on year, with a free-cash-flow margin of 9.7%. Where it stands out: change in growth rate of +8.5pp ranks 5 of 29 leisure products companies we cover. Where it lags: revenue growth of -5.8% ranks 24 of 29 leisure products companies we cover.

Our discounted-cash-flow model values the business at ~$12 per share in the base case (~$9.3–$14 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1255.8% while net income grew 14.0%: a 1242pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $18.44 is 37% above our value per share of $12.
  • Revenue shrinking. Revenue fell 5.8% over the last 12 months.
  • Loss-making. Operating margin is -2.2%: costs exceed revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 67% and a beta of 1.2 against the S&P 500.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 7.5% over 90 days.
  • Earnings expected to fall. The consensus expects earnings per share to fall 8% next year.

Latest results: FY2027 Q1

Filed September 3, 2026
Earnings per share
$0.03 against an average estimate of -$0.24: beat by 112.5%
Revenue
$37m, up 25.4% on a year earlier
Share reaction
+45.5% in the first session after the results on September 3, 2026, against +0.7% for the S&P 500
Guidance given
net sales $200m to $210m (full-year); adjusted EBITDA $14.5m to $17.5m (full-year)
Next report
September 3, 2026; average EPS estimate $0.33

American Outdoor Brands' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.8%
  • 1 week+2.3%
  • 1 month+12.8%
  • This year+138.6%
  • 1 year+168.4%
  • 5 years-21.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$198M
Operating margin
-2.2%
Net margin
-2.0%
EPS (TTM, diluted)
$-0.31

Growth

Revenue growth
−5.8%
Change in growth rate
+8.5 pts
Share count change
−1.8%

Cash

Free cash flow (TTM)
$19.2M
FCF margin
9.7%
Stock pay % of revenue
1.6%

Earnings

Last results
September 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Shareholder vote
  3. Results
  4. Guidance
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

American Outdoor Brands, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 12.9% a year of cash-flow growth for five years.That is faster than the -4.4% a year revenue growth American Outdoor Brands has delivered.

  • Priced in12.9%
  • Last 12 months-5.8%
  • 3 years a year1.2%
  • 5 years a year-4.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($18.59, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$12
Price used
$18.59close November 3, 2026
Implied change
▼ 38%
Uncertainty
Low

How we got here: a discounted-cash-flow model of American Outdoor Brands, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($6.5M, FY2027 Q1 TTM), growing 4.2% and 2.8% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$9.3–~$14 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of American Outdoor Brands, Inc.'s free cash flow after stock-based pay ( $6.5M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value American Outdoor Brands, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$12 ~$9.3–$14 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$11 ~$9.6–$15 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$11 ~$11–$12 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare American Outdoor Brands, Inc. with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −13%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $10$13$16$21$27$35
8.5% $8$10$13$16$21$26
10% $7$9$11$13$17$21

Valuation multiples over time Market data may be delayed

At fiscal year end 202120222023202420252026Now
Share price$25.85$12.60$8.94$7.82$11.22$9.41$18.44
Market value$368m$176m$120m$101m$144m$118m$231m
+ Net debt (− = net cash)−$61m−$20m−$22m−$30m−$23m−$21m−$33m
Enterprise value$307m$156m$98m$72m$120m$97m$198m
Multiples
Price / sales 1.3x0.7x0.6x0.5x0.6x0.6x1.2x
Price / earnings 20.0x——————
Price / free cash flow 12.4x—4.1x5.1x—27.7x12.1x
EV / EBITDA 7.1x—25.6x19.9x9.2x28.2x26.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

53 /100

Moderate moat

How hard American Outdoor Brands's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Cash operating profit has been a median 2.6% of total assets over 6 years.

  • Pricing power 16 / 20

    Gross margin has been a median 45.3%, moving by 0.9 percentage points (standard deviation) across 7 years.

  • Durability 10 / 20

    Operating margin has been a median -5.5%; its worst year was -55.8%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 6 of 7 years, at a median 5.0% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 12.3% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (58 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.80 +186% $205m +8%
Next $0.74 −8% $216m +5%

Next year's EPS estimate has moved −7.5% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +39.1% on 90 days ago. In the last 30 days, 2 analysts raised American Outdoor Brands, Inc.'s forecast and 0 cut it.

Consensus EPS forecast American Outdoor Brands, Inc., last 90 days
$0.50 $0.60 $0.70 $0.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.57 Current fiscal year, 60 days ago: $0.57 Current fiscal year, 30 days ago: $0.80 Current fiscal year, 7 days ago: $0.80 Current fiscal year, Now: $0.80 $0.80 Next fiscal year, 90 days ago: $0.80 Next fiscal year, 60 days ago: $0.80 Next fiscal year, 30 days ago: $0.77 Next fiscal year, 7 days ago: $0.77 Next fiscal year, Now: $0.74 $0.74

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.57$0.80
60 days ago $0.57$0.80
30 days ago $0.80$0.77
7 days ago $0.80$0.77
Now $0.80$0.74

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 −$0.24 $0.03 +112.5%
Apr 2026 −$0.01 $0.13 +2700.0%
Jan 2026 $0.09 $0.12 +41.2%
Oct 2025 $0.20 $0.29 +48.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 3, 2026
  • net sales full-year $200m to $210m Maintained
    “We are maintaining our full-year guidance for net sales of $200 million to $210 million, and we are increasing our Adjusted EBITDA guidance to $14.5 million to $17.5 million.” source
  • Adjusted EBITDA full-year $14.5m to $17.5m Non-GAAP Raised
    “We are maintaining our full-year guidance for net sales of $200 million to $210 million, and we are increasing our Adjusted EBITDA guidance to $14.5 million to $17.5 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows American Outdoor Brands, Inc.'s revenue by +4.2% next year and +2.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.0%, weight 33%) , management guidance (+4.9%, weight 40%) and the company's own record (+2.0%, weight 27%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202633
  2. Sep 202622

Counts of recommendations published by analysts covering American Outdoor Brands, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.3%
of tradable shares
Days to cover
2.1
at average volume
Short interest, 1 month
−29%
to October 15, 2026
Held by institutions
80%
of shares
Held by insiders
6.4%
of shares
Employees
267
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +168.4%

$6.87 on October 31, 2025 to $18.44

ThenNowEffect
Revenue (last 12 months) $210m $198m −5.8%
P/S multiple 0.4x 1.2x +180.1%
Share count 13m 13m +1.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +106.5%

$8.93 on November 3, 2023 to $18.44

ThenNowEffect
Revenue (last 12 months) $191m $198m +3.7%
P/S multiple 0.6x 1.2x +87.7%
Share count 13m 13m +6.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AOUT+17%−50%−16%+81%−49%+139%
Industry peers (median)+14%−35%−4%−26%−4%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AOUT67%42%42%58%42%91%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AOUT−50%−64%−35%−18%−64%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since August 21, 2020: 82% from July 1, 2021 to November 17, 2025. Getting back needed a 467% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$6.36 – $18.44
From 52-week high
0.0%
vs 50-day average
+18.2%
vs 200-day average
+59.3%
Volatility (1 year)
67%
Beta vs S&P 500
1.17

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±20.1%
After a week
6 up, 6 down
typical move ±24.9%
After a month
7 up, 5 down
typical move ±28.7%
Results releasedNext dayS&P 500 next day5 days21 days
September 3, 2026 +45.5% +0.7% +57.6% +66.8%
June 26, 2026 +36.0% +0.9% +44.1% +28.6%
June 25, 2026 +12.7% −0.6% +29.9% +22.4%
March 12, 2026 −7.6% −2.1% −6.1% +6.8%
December 9, 2025 +11.7% +0.6% +11.1% +25.0%
September 5, 2025 −19.7% 0.0% −15.3% −20.3%
September 4, 2025 −16.8% +0.5% −12.7% −14.8%
June 27, 2025 −12.6% +1.0% −12.9% −19.6%
June 26, 2025 −4.9% +1.3% −2.8% −11.4%
March 6, 2025 −10.0% −1.2% −16.1% −30.3%
December 6, 2024 +31.6% −0.3% +38.3% +42.8%
December 5, 2024 +32.3% 0.0% +52.3% +55.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How American Outdoor Brands, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

American Outdoor Brands, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) American Outdoor Brands, Inc.
$190M $200M $210M $220M $230M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $194.5M Revenue (TTM), FY24 Q3: $197M Revenue (TTM), FY24 Q4: $201.1M Revenue (TTM), FY25 Q1: $199.3M Revenue (TTM), FY25 Q2: $201.6M Revenue (TTM), FY25 Q3: $206.7M Revenue (TTM), FY25 Q4: $222.3M Revenue (TTM), FY26 Q1: $210.4M Revenue (TTM), FY26 Q2: $207.3M Revenue (TTM), FY26 Q3: $205.4M Revenue (TTM), FY26 Q4: $190.5M Revenue (TTM), FY27 Q1: $198.1M $198.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $194.5M
FY24 Q3 $197M
FY24 Q4 $201.1M
FY25 Q1 $199.3M
FY25 Q2 $201.6M
FY25 Q3 $206.7M
FY25 Q4 $222.3M
FY26 Q1 $210.4M
FY26 Q2 $207.3M
FY26 Q3 $205.4M
FY26 Q4 $190.5M
FY27 Q1 $198.1M
Revenue growth, TTM YoY American Outdoor Brands, Inc.
-20% -10% 0% 10% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: -9.2% Revenue growth, TTM YoY, FY24 Q3: 1.1% Revenue growth, TTM YoY, FY24 Q4: 5.2% Revenue growth, TTM YoY, FY25 Q1: 4.4% Revenue growth, TTM YoY, FY25 Q2: 3.7% Revenue growth, TTM YoY, FY25 Q3: 4.9% Revenue growth, TTM YoY, FY25 Q4: 10.6% Revenue growth, TTM YoY, FY26 Q1: 5.6% Revenue growth, TTM YoY, FY26 Q2: 2.9% Revenue growth, TTM YoY, FY26 Q3: -0.6% Revenue growth, TTM YoY, FY26 Q4: -14.3% Revenue growth, TTM YoY, FY27 Q1: -5.8% -5.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 -9.2%
FY24 Q3 1.1%
FY24 Q4 5.2%
FY25 Q1 4.4%
FY25 Q2 3.7%
FY25 Q3 4.9%
FY25 Q4 10.6%
FY26 Q1 5.6%
FY26 Q2 2.9%
FY26 Q3 -0.6%
FY26 Q4 -14.3%
FY27 Q1 -5.8%
Operating margin (TTM) American Outdoor Brands, Inc.
-8% -6% -4% -2% 0% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: -5.7% Operating margin (TTM), FY24 Q3: -5.6% Operating margin (TTM), FY24 Q4: -6.2% Operating margin (TTM), FY25 Q1: -5.5% Operating margin (TTM), FY25 Q2: -3.9% Operating margin (TTM), FY25 Q3: -2.3% Operating margin (TTM), FY25 Q4: -0.1% Operating margin (TTM), FY26 Q1: -2.1% Operating margin (TTM), FY26 Q2: -2.6% Operating margin (TTM), FY26 Q3: -4.7% Operating margin (TTM), FY26 Q4: -4.7% Operating margin (TTM), FY27 Q1: -2.2% -2.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 -5.7%
FY24 Q3 -5.6%
FY24 Q4 -6.2%
FY25 Q1 -5.5%
FY25 Q2 -3.9%
FY25 Q3 -2.3%
FY25 Q4 -0.1%
FY26 Q1 -2.1%
FY26 Q2 -2.6%
FY26 Q3 -4.7%
FY26 Q4 -4.7%
FY27 Q1 -2.2%
FCF margin (TTM) American Outdoor Brands, Inc.
-5% 0% 5% 10% 15% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 10.2% FCF margin (TTM), FY24 Q3: 6.1% FCF margin (TTM), FY24 Q4: 9.8% FCF margin (TTM), FY25 Q1: 5.0% FCF margin (TTM), FY25 Q2: 5.3% FCF margin (TTM), FY25 Q3: 2.5% FCF margin (TTM), FY25 Q4: -0.8% FCF margin (TTM), FY26 Q1: 0.7% FCF margin (TTM), FY26 Q2: -2.3% FCF margin (TTM), FY26 Q3: 0.1% FCF margin (TTM), FY26 Q4: 2.2% FCF margin (TTM), FY27 Q1: 9.7% 9.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 10.2%
FY24 Q3 6.1%
FY24 Q4 9.8%
FY25 Q1 5.0%
FY25 Q2 5.3%
FY25 Q3 2.5%
FY25 Q4 -0.8%
FY26 Q1 0.7%
FY26 Q2 -2.3%
FY26 Q3 0.1%
FY26 Q4 2.2%
FY27 Q1 9.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Apr 2019 2020 Apr 2020 2021 Apr 2021 2022 Apr 2022 2023 Apr 2023 2024 Apr 2024 2025 Apr 2025 2026 Apr 2026 LTM Jul 2026
Income
Revenue 177 167 277 248 191 201 222 191 198
Gross profit 83 71 127 114 88 88 99 85 91
EBITDA 11 −89 43 −40 4 4 13 3 7
Operating income −14 −113 23 −57 −13 −12 −0 −9 −4
Net income −10 −12 18 −65 −12 −12 −0 −9 −4
Diluted EPS −$0.68 −$6.88 $1.29 −$4.66 −$0.90 −$0.94 −$0.01 −$0.73 −$0.31
Growth (year on year)
Revenue — −5.6% +65.3% −10.5% −22.8% +5.2% +10.6% −14.3% −5.8%
EBITDA — −916.1% — −191.3% — — — −73.8% −13.1%
Operating income — — — −340.6% — — — — —
Net income — — — −452.5% — — — — —
Diluted EPS — — — −461.2% — — — — —
Margins
Gross margin 47.1% 42.4% 45.8% 46.2% 46.1% 44.0% 44.6% 44.7% 46.0%
EBITDA margin 6.2% −53.3% 15.7% −16.0% 2.0% 1.8% 5.9% 1.8% 3.8%
Operating margin −7.9% −67.4% 8.5% −22.8% −6.6% −6.2% −0.1% −4.7% −2.2%
Net margin −5.4% −7.2% 6.7% −26.2% −6.3% −6.1% −0.0% −4.8% −2.0%
Free-cash-flow margin 1.1% 4.2% 10.7% −8.6% 15.4% 9.8% −0.8% 2.2% 9.7%
Cash flow
Cash from operations 4 8 33 −18 31 24 1 6 21
Capital spending 2 1 4 3 1 5 3 2 2
Free cash flow 2 7 30 −21 29 20 −2 4 19
Stock-based pay 2 1 3 3 4 4 4 3 3
Free cash flow after stock pay −0 6 27 −24 25 16 −5 1 16
Balance sheet
Cash — 0 61 20 22 30 23 21 33
Total debt — 0 0 0 0 0 0 0 0
Net debt (negative = net cash) — −0 −61 −20 −22 −30 −23 −21 −33
Diluted shares 14m 14m 14m 14m 13m 13m 13m 13m 13m
Returned to shareholders
Buybacks — — — 15 4 6 4 5 3
Total returned — — — 15 4 6 4 5 3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · July 31, 2026
What it owns · $229m
Short-term assets $167mLonger-term assets $62m
What it owes, and who funded it · $229m
Short-term liabilities $34mLonger-term liabilities $30mShareholders' equity $164m
  • Short-term assets cover short-term liabilities $167m of assets due within a year against $34m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $167m short-term assets against $30m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From American Outdoor Brands, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$2.6M
Returned to shareholders
14%
of free cash flow
Buybacks, last 3 fiscal years
$15M
Diluted share count
−1.8%
year over year
Total shareholder yield
1.1%
dividends 0.0% + buybacks 1.1% of market value
R&D spending
2.9%
of revenue
Days sales outstanding
47 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated AOUT JAKK ESCA CLAR MCFT BYRN Median
Revenue, last 12 months $198m $170m $242m $253m $349m $96m $349m
Revenue growth, last 12 months −5.8% −70.4% 0.0% −0.5% 22.8% −13.4% 7.6%
Revenue growth, 3-year average 1.2% −38.1% −3.7% 5.5% −19.2% 30.7% −2.5%
Revenue growth, latest quarter 25.4% 20.4% −3.2% 1.6% 63.4% −45.7% 10.9%
Gross margin 46.0% 31.6% 28.5% 36.7% 22.9% 54.6% 40.1%
Operating margin −2.2% 13.6% 13.1% −17.2% −0.3% −11.4% 1.0%
Operating margin, 3-year average −3.3% 6.9% 9.5% −18.6% 4.1% 0.6% 0.9%
Net margin −2.0% 15.4% 10.0% −12.4% −0.5% −9.2% −0.5%
Cash from operations / revenue 10.6% 29.8% 18.5% 1.7% 8.7% 6.7% 8.7%
Free-cash-flow margin 9.7% 21.0% 17.0% −0.2% 6.4% 3.6% 6.1%
Free-cash-flow margin, 3-year average 5.1% 5.8% 14.9% −2.1% 5.4% 2.4% 5.3%
Stock pay / revenue 1.6% 7.0% 0.6% 1.7% 1.2% 2.8% 1.3%
Change in share count −1.8% 51.2% −0.7% 0.1% 3.9% −0.8% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth -5.8% 7.6% 24 of 29
Change in growth rate Growth +8.5pp +3.1pp 5 of 29
Gross margin Profitability 46.0% 39.7% 12 of 27
Operating margin Profitability -2.2% 1.0% 20 of 29
Net margin Profitability -2.0% -0.5% 18 of 29
Free-cash-flow margin Cash generation 9.7% 6.1% 10 of 29
Stock pay as % of revenue Cash generation 1.6% 1.3% 16 of 27
Change in share count Balance sheet -1.8% 0.8% 7 of 24
Days sales outstanding Balance sheet 47 days 42 days 15 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to April 30, 2026
Products and services
Line of business Revenue Share YoY
Outdoor Lifestyle Net Sales $110M 58.0% ▼ 13.1%
Shooting Sports Net Sales $80.1M 42.0% ▼ 15.9%
Geography
Region Revenue Share YoY
United States $180M 94.4% ▼ 13.4%
Outside the US $10.6M 5.6% ▼ 26.7%
Canada $5.5M 52.1% ▼ 11.8%
Europe $3.3M 30.7% ▼ 39.5%
Outside the US Except Canada and Europe $1.8M 17.2% ▼ 35.1%

From American Outdoor Brands, Inc.'s 10-K filed June 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$100M
Institutions reporting
97
Shares held vs prior quarter
▼ 5.8%
Positions opened / closed
22 / 16

Top buyers and sellers, Q2 2026: 45 institutions bought and 42 sold ; the biggest buyer was Jane Street Group, LLC (+136K shares) and the biggest seller Blackrock, Inc (−515K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Brandes Investment Partners, LP $28.9M 2.5M 28.8% ▲ 1.3%
Royce & Associates LP $11.9M 1.0M 11.8% ▲ 10.3%
Dimensional Fund Advisors LP $8.5M 725K 8.5% ▼ 5.4%
Engine Capital Management, LP $7.7M 656K 7.7% 0.0%
Vanguard Capital Management LLC $5.7M 484K 5.7% ▼ 18.0%
GAMCO Investors, Inc. Et Al $3.6M 305K 3.6% ▼ 3.1%
Blackrock, Inc. $3.3M 279K 3.3% ▼ 64.9%
UBS Group AG $2.5M 210K 2.5% ▲ 2.6%
Renaissance Technologies LLC $2.3M 194K 2.3% ▼ 5.0%
Arrowstreet Capital, Limited Partnership $2.2M 186K 2.2% ▼ 2.4%
Geode Capital Management, LLC $1.6M 139K 1.6% ▼ 52.2%
Jane Street Group, LLC $1.6M 136K 1.6% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not American Outdoor Brands, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in American Outdoor Brands, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded January 23, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

  • September 3, 2026
  • June 26, 2026
  • June 25, 2026
  • March 12, 2026
  • December 9, 2025
  • September 5, 2025

Recent SEC filings

Data status

When each part of this page on American Outdoor Brands, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

American Outdoor Brands, Inc. in brief

What does American Outdoor Brands, Inc. do?
American Outdoor Brands, Inc. is a US-listed company in the leisure products industry. Its financial year ends in April.
What is American Outdoor Brands, Inc.'s stock ticker?
American Outdoor Brands, Inc. trades under the ticker AOUT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is American Outdoor Brands, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, American Outdoor Brands, Inc. reported revenue of $198M, 5.8% lower than a year earlier, according to its SEC filings.
What is American Outdoor Brands, Inc.'s free cash flow?
American Outdoor Brands, Inc.'s free-cash-flow margin is 9.7% of revenue over the trailing twelve months, ranking 10 of the 29 leisure products companies we cover.
What is American Outdoor Brands, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of American Outdoor Brands, Inc.'s free cash flow after stock-based pay gives ~$12 per share in the base case, and ~$9.3–$14 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are American Outdoor Brands, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Brandes Investment Partners, LP, Royce & Associates LP and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is American Outdoor Brands, Inc. buying back stock, and does it pay a dividend?
American Outdoor Brands, Inc. spent $2.6M on share repurchases over the trailing twelve months, and its diluted share count fell 1.8% over the year.
What is American Outdoor Brands, Inc.'s market cap?
On November 2, 2026, American Outdoor Brands, Inc.'s market capitalisation was about $231M and net debt of -$33.3M. Market figures come from third-party market data and may be delayed.
Who are American Outdoor Brands, Inc.'s competitors?
In our Leisure Products peer group, the companies closest to American Outdoor Brands, Inc. are Jakks Pacific Inc, Escalade Inc, Clarus Corp, Mastercraft Boat Holdings, Inc. and Byrna Technologies Inc. The side-by-side comparison below sets their revenue, margins and growth against American Outdoor Brands, Inc.'s.