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Johnson Outdoors Inc (JOUT) stock

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NASDAQ: JOUT Nasdaq Leisure Products Next results ~November 6, 2026

C+ Fundamentals grade

Johnson Outdoors Inc is a US-listed company in the leisure products industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$59

Cash-flow model

Base case. Range ~$48–$73 across our lower- and higher-growth cases (1.2%–11.2% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 23% above it.

Price used: $47.83, November 2, 2026

Johnson Outdoors 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.

  • Insiders0 buying, 4 selling0 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds77 adding, 54 cuttingOf 25 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Johnson Outdoors files

Where Johnson Outdoors stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $661m, up 17.5% on a year earlier, about the same pace as a quarter earlier. That growth ranks 2 of 18 among the leisure products companies we cover. Free-cash-flow margin fell to 4.5% from 6.1% a year earlier. Operating margin widened to 2.7% from -9.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $59.66 a share, against a share price of $45.99. At that price, our model says the market is pricing in cash flow shrinking about 0.5% a year for five years, close to the -2.5% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 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

Next results ~November 6, 2026 (estimated)

Johnson Outdoors Inc's trailing-twelve-month revenue grew 17.5% year on year, with a free-cash-flow margin of 4.5%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 20 leisure products companies we cover.

Our discounted-cash-flow model values the business at ~$59 per share in the base case (~$48–$73 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 13.4% while net income grew 79.8%: a 93pp 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

  • Priced below our value. The share price of $47.83 is 23% below our value per share of $59.
  • Fast growth. Revenue grew 17.5% over the last 12 months, against a median of 7.6% for leisure products companies we cover.
  • Margins widening. Operating margin is up 11.7 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Results due soon. Results are expected around 6 November; the share price can move sharply on the day.
  • Below peers: change in growth rate. Change in growth rate of -0.1pp ranks 23 of 29 leisure products companies we cover (median +3.1pp).
  • Heavily shorted. 13.7% of the shares available to trade are sold short (11.3 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 40.0% over 90 days.

Latest results: FY2026 Q3

Filed August 7, 2026
Earnings per share
$1.42 against an average estimate of $0.68: beat by 108.8%
Revenue
$190m, up 5.0% on a year earlier
Share reaction
+0.5% in the first session after the results on August 7, 2026, against +0.6% for the S&P 500
Next report
August 7, 2026; average EPS estimate -$0.74

Johnson Outdoors' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.7%
  • 1 week+5.7%
  • 1 month+7.3%
  • This year+15.9%
  • 1 year+20.8%
  • 5 years-50.9%
  • S&P 500 this year+11.2%

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

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$661M
Operating margin
2.7%
Net margin
-1.2%
EPS (TTM, diluted)
$-0.77

Growth

Revenue growth
+17.5%
Change in growth rate
−0.1 pts
Share count change
+0.8%

Cash

Free cash flow (TTM)
$29.9M
FCF margin
4.5%
Stock pay % of revenue
0.5%

Earnings

Last results
August 7, 2026
Next results (est.)
November 6, 2026

News & updates

Updated October 31, 2026

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

  1. Announcement
  2. Results

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

Johnson Outdoors Inc valuation models and calculator

What the price is pricing in

The share price implies about 0.2% a year of cash-flow growth for five years.That is close to the -2.5% a year revenue growth Johnson Outdoors has delivered.

  • Priced in0.2%
  • Last 12 months17.5%
  • 3 years a year-4.7%
  • 5 years a year-2.5%

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 ($47.24, 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
Buy12-month view
12-month price target
~$59
Price used
$47.24close November 3, 2026
Implied change
▲ +25%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Johnson Outdoors Inc's free cash flow after stock-based pay with after-tax interest added back ($21.1M, FY2026 Q3 TTM), growing 4.5% and 6.1% in the next two years (forecasts, guidance and its record), then back to 6.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$48–~$73 ; 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 Johnson Outdoors Inc's free cash flow after stock-based pay ( $21.1M, FY2026 Q3 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 Johnson Outdoors Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 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. ~$59 ~$48–$73 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$15 ~$8.9–$23 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$5.8 ~$5.2–$6.6 Left out: out of range vs price (0.12x)
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. ~$44 ~$15–$59 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Johnson Outdoors 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 ▼ −21%
  • Revenue growth 5 points higher ▲ +27%
  • Free-cash-flow margin 1 point lower ▼ −19%
  • Last year's free-cash-flow margin change, if it persists ▼ −24%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $46$57$71$89$113$144
8.5% $39$47$57$70$87$109
10% $35$41$49$59$72$88

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$30.17$61.38$78.38$49.80$73.92$94.76$44.99$48.99$33.66$40.27$47.83
Market value$297m$609m$783m$499m$744m$959m$457m$499m$344m$413m$494m
+ Net debt (− = net cash)−$80m−$64m−$122m−$172m−$212m−$240m−$130m−$112m−$145m−$176m−$175m
Enterprise value$217m$545m$662m$327m$531m$718m$327m$388m$199m$237m$319m
Multiples
Price / sales 0.7x1.2x1.4x0.9x1.3x1.3x0.6x0.8x0.6x0.7x0.7x
Price / earnings 22.0x17.3x19.3x9.7x13.5x11.5x10.3x25.6x———
Price / free cash flow 9.4x17.5x17.7x17.2x16.2x26.0x—26.2x18.1x10.3x16.5x
EV / EBITDA 6.3x9.3x8.7x4.2x6.2x5.8x4.1x13.8x—53.4x8.4x

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 Johnson Outdoors's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 18 / 20

    Cash operating profit has been a median 13.7% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 41.0%, moving by 4.2 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.4%; its worst year was -9.0%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 8 of 10 years, at a median 5.9% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 2.2% over five years; stock-based pay has been a median 0.4% 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 $1.30 +139% $650m +10%
Next $1.41 +9% $686m +6%

Next year's EPS estimate has moved −40.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +73.3% on 90 days ago. In the last 30 days, 0 analysts raised Johnson Outdoors Inc's forecast and 1 cut it.

Consensus EPS forecast Johnson Outdoors Inc, last 90 days
$0.00 $1.00 $2.00 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.75 Current fiscal year, 60 days ago: $0.75 Current fiscal year, 30 days ago: $1.45 Current fiscal year, 7 days ago: $1.45 Current fiscal year, Now: $1.30 $1.30 Next fiscal year, 90 days ago: $2.35 Next fiscal year, 60 days ago: $2.35 Next fiscal year, 30 days ago: $1.58 Next fiscal year, 7 days ago: $1.58 Next fiscal year, Now: $1.41 $1.41

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.75$2.35
60 days ago $0.75$2.35
30 days ago $1.45$1.58
7 days ago $1.45$1.58
Now $1.30$1.41

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.68 $1.42 +108.8%
Mar 2026 $0.87 $0.89 +2.3%
Dec 2025 −$0.45 −$0.33 +26.7%
Sept 2025 −$0.68 −$2.83 −316.2%

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

Management guidance

Earnings release, August 7, 2026

No numeric guidance in Johnson Outdoors Inc's latest earnings release (filed August 7, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Johnson Outdoors Inc's revenue by +4.5% next year and +6.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.5%, weight 45%) and the company's own record (+6.2%, weight 55%) . How the weights are set.

Positioning

Short interest
13.7%
of tradable shares
Days to cover
11.3
at average volume
Short interest, 1 month
−5%
to October 15, 2026
Held by institutions
71%
of shares
Held by insiders
8.7%
of shares
Employees
1,300
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 +20.8%

$39.59 on October 31, 2025 to $47.83

ThenNowEffect
Revenue (last 12 months) $563m $661m +17.5%
P/S multiple 0.7x 0.7x +3.6%
Share count 10m 10m −0.8%

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

Last 3 years +5.5%

$45.33 on November 3, 2023 to $47.83

ThenNowEffect
Revenue (last 12 months) $764m $661m −13.5%
P/S multiple 0.6x 0.7x +23.8%
Share count 10m 10m −1.5%

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
JOUT−16%−28%−18%−36%+34%+16%
Industry peers (median)+17%−40%−4%−23%−15%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JOUT25%33%33%42%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JOUT−39%−50%−36%−39%−38%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 84% from April 12, 2021 to April 16, 2025. Getting back needed a 540% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$35.90 – $52.72
From 52-week high
−9.3%
vs 50-day average
+7.7%
vs 200-day average
+4.3%
Volatility (1 year)
35%
Beta vs S&P 500
0.59

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
5 up, 7 down
typical move ±7.8%
After a week
7 up, 5 down
typical move ±8.9%
After a month
3 up, 9 down
typical move ±10.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 7, 2026 +0.5% +0.6% +1.3% −5.0%
May 8, 2026 −16.2% +1.1% −23.6% −12.3%
February 6, 2026 +2.0% +2.4% +2.6% −7.5%
December 12, 2025 −0.3% −1.2% +2.2% +3.6%
August 1, 2025 +17.7% −0.1% +12.6% +17.9%
May 2, 2025 +2.6% +0.9% +11.0% +17.1%
February 3, 2025 −11.1% 0.0% −9.7% −20.3%
December 10, 2024 +2.7% +0.5% +9.4% −3.4%
August 5, 2024 −10.3% −2.0% −13.1% −9.6%
May 3, 2024 −11.7% +2.3% −11.6% −16.5%
February 2, 2024 −3.5% +0.7% +0.4% −3.6%
December 8, 2023 −14.9% +0.8% −9.4% −9.8%

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.

Johnson Outdoors 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) Johnson Outdoors Inc
$550M $600M $650M $700M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $663.8M Revenue (TTM), FY24 Q1: $624.2M Revenue (TTM), FY24 Q2: $597.9M Revenue (TTM), FY24 Q3: $583.3M Revenue (TTM), FY24 Q4: $592.8M Revenue (TTM), FY25 Q1: $561.9M Revenue (TTM), FY25 Q2: $554.3M Revenue (TTM), FY25 Q3: $562.5M Revenue (TTM), FY25 Q4: $592.4M Revenue (TTM), FY26 Q1: $625.7M Revenue (TTM), FY26 Q2: $651.8M Revenue (TTM), FY26 Q3: $660.9M $660.9M

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

View chart data
Period Revenue (TTM)
FY23 Q4 $663.8M
FY24 Q1 $624.2M
FY24 Q2 $597.9M
FY24 Q3 $583.3M
FY24 Q4 $592.8M
FY25 Q1 $561.9M
FY25 Q2 $554.3M
FY25 Q3 $562.5M
FY25 Q4 $592.4M
FY26 Q1 $625.7M
FY26 Q2 $651.8M
FY26 Q3 $660.9M
Revenue growth, TTM YoY Johnson Outdoors Inc
-40% -20% 0% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -10.7% Revenue growth, TTM YoY, FY24 Q1: -18.7% Revenue growth, TTM YoY, FY24 Q2: -23.4% Revenue growth, TTM YoY, FY24 Q3: -23.6% Revenue growth, TTM YoY, FY24 Q4: -10.7% Revenue growth, TTM YoY, FY25 Q1: -10.0% Revenue growth, TTM YoY, FY25 Q2: -7.3% Revenue growth, TTM YoY, FY25 Q3: -3.6% Revenue growth, TTM YoY, FY25 Q4: -0.1% Revenue growth, TTM YoY, FY26 Q1: 11.4% Revenue growth, TTM YoY, FY26 Q2: 17.6% Revenue growth, TTM YoY, FY26 Q3: 17.5% 17.5%

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

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -10.7%
FY24 Q1 -18.7%
FY24 Q2 -23.4%
FY24 Q3 -23.6%
FY24 Q4 -10.7%
FY25 Q1 -10.0%
FY25 Q2 -7.3%
FY25 Q3 -3.6%
FY25 Q4 -0.1%
FY26 Q1 11.4%
FY26 Q2 17.6%
FY26 Q3 17.5%
Operating margin (TTM) Johnson Outdoors Inc
-15% -10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 1.8% Operating margin (TTM), FY24 Q1: 1.0% Operating margin (TTM), FY24 Q2: -0.9% Operating margin (TTM), FY24 Q3: -4.0% Operating margin (TTM), FY24 Q4: -7.3% Operating margin (TTM), FY25 Q1: -11.4% Operating margin (TTM), FY25 Q2: -10.6% Operating margin (TTM), FY25 Q3: -9.0% Operating margin (TTM), FY25 Q4: -2.7% Operating margin (TTM), FY26 Q1: 0.2% Operating margin (TTM), FY26 Q2: 1.0% Operating margin (TTM), FY26 Q3: 2.7% 2.7%

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

View chart data
Period Operating margin (TTM)
FY23 Q4 1.8%
FY24 Q1 1.0%
FY24 Q2 -0.9%
FY24 Q3 -4.0%
FY24 Q4 -7.3%
FY25 Q1 -11.4%
FY25 Q2 -10.6%
FY25 Q3 -9.0%
FY25 Q4 -2.7%
FY26 Q1 0.2%
FY26 Q2 1.0%
FY26 Q3 2.7%
FCF margin (TTM) Johnson Outdoors Inc
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 2.9% FCF margin (TTM), FY24 Q1: 0.7% FCF margin (TTM), FY24 Q2: -1.8% FCF margin (TTM), FY24 Q3: -0.2% FCF margin (TTM), FY24 Q4: 3.2% FCF margin (TTM), FY25 Q1: 3.0% FCF margin (TTM), FY25 Q2: 6.3% FCF margin (TTM), FY25 Q3: 6.1% FCF margin (TTM), FY25 Q4: 6.8% FCF margin (TTM), FY26 Q1: 6.2% FCF margin (TTM), FY26 Q2: 3.8% FCF margin (TTM), FY26 Q3: 4.5% 4.5%

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

View chart data
Period FCF margin (TTM)
FY23 Q4 2.9%
FY24 Q1 0.7%
FY24 Q2 -1.8%
FY24 Q3 -0.2%
FY24 Q4 3.2%
FY25 Q1 3.0%
FY25 Q2 6.3%
FY25 Q3 6.1%
FY25 Q4 6.8%
FY26 Q1 6.2%
FY26 Q2 3.8%
FY26 Q3 4.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. 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 2010 Oct 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Oct 2014 2015 Oct 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Oct 2020 2021 Oct 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Oct 2025 LTM Jul 2026
Income
Revenue 382 407 412 426 425 430 434 491 544 562 594 752 743 664 593 592 661
Gross profit 154 163 164 171 169 172 176 211 242 250 265 334 271 244 201 208 262
EBITDA 25 29 33 36 28 30 35 59 76 78 86 125 81 28 −24 4 38
Operating income 15 18 21 26 17 18 23 46 63 64 71 111 66 12 −44 −16 18
Net income 7 33 10 19 9 11 14 35 41 51 55 83 44 20 −27 −34 −8
Diluted EPS — — — — — — — — — — — — — — — — −$0.77
Growth (year on year)
Revenue — +6.5% +1.2% +3.4% −0.2% +1.2% +0.8% +13.1% +10.9% +3.3% +5.7% +26.5% −1.1% −10.7% −10.7% −0.1% +17.5%
EBITDA — +16.4% +16.6% +7.1% −22.7% +7.3% +17.5% +68.9% +29.8% +2.1% +10.6% +45.0% −35.4% −65.2% −185.3% — —
Operating income — +21.4% +21.2% +19.5% −34.8% +7.0% +28.2% +99.1% +38.2% +1.2% +11.4% +56.6% −40.4% −82.3% — — —
Net income — — −69.0% +90.7% −52.8% +16.4% +27.2% +160.4% +15.7% +26.4% +7.4% +51.0% −46.6% −56.1% −235.8% — —
Margins
Gross margin 40.1% 40.0% 39.9% 40.1% 39.6% 39.9% 40.7% 43.0% 44.4% 44.4% 44.6% 44.5% 36.5% 36.8% 33.9% 35.1% 39.7%
EBITDA margin 6.4% 7.0% 8.1% 8.4% 6.5% 6.9% 8.0% 12.0% 14.0% 13.8% 14.5% 16.6% 10.8% 4.2% −4.0% 0.7% 5.7%
Operating margin 3.8% 4.3% 5.2% 6.0% 3.9% 4.1% 5.3% 9.3% 11.6% 11.3% 12.0% 14.8% 8.9% 1.8% −7.3% −2.7% 2.7%
Net margin 1.7% 8.0% 2.5% 4.5% 2.1% 2.5% 3.1% 7.2% 7.5% 9.1% 9.3% 11.1% 6.0% 2.9% −4.5% −5.8% −1.2%
Free-cash-flow margin 2.6% 5.3% 4.8% 3.2% 4.7% 1.8% 7.3% 7.1% 8.1% 5.2% 7.7% 4.9% −12.6% 2.9% 3.2% 6.8% 4.5%
Cash flow
Cash from operations 20 31 32 30 33 18 43 46 63 46 61 58 −62 42 41 56 50
Capital spending 10 9 12 16 13 10 12 12 19 17 16 21 32 23 22 16 20
Free cash flow 10 22 20 14 20 8 32 35 44 29 46 37 −94 19 19 40 30
Stock-based pay 1 1 2 1 2 2 2 2 2 2 3 4 4 2 1 1 3
Free cash flow after stock pay 9 20 18 12 18 6 30 33 42 27 43 33 −98 17 18 39 27
Balance sheet
Cash 33 45 59 56 71 69 87 64 122 172 212 240 130 112 145 176 175
Total debt 16 15 9 8 8 7 7 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −17 −30 −50 −47 −63 −62 −80 −64 −122 −172 −212 −240 −130 −112 −145 −176 −175
Diluted shares 9m 9m 9m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m
Returned to shareholders
Dividends — — — — 3 3 3 4 4 6 7 8 12 13 13 14 14
Buybacks — — 0 1 1 1 2 1 1 1 0 0 1 0 0 0 0
Total returned — — 0 1 4 4 5 4 5 6 7 9 13 13 14 14 14

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

7 of 7 checks passed · July 3, 2026
What it owns · $648m
Short-term assets $448mLonger-term assets $200m
What it owes, and who funded it · $648m
Short-term liabilities $133mLonger-term liabilities $85mShareholders' equity $431m
  • Short-term assets cover short-term liabilities $448m of assets due within a year against $133m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $448m short-term assets against $85m of longer-dated liabilities.
  • More cash than debt $175m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over Operating income of $18m against $215,000 of interest.

From Johnson Outdoors 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

FY2026 Q3 TTM
Buybacks (TTM)
$118,000
Dividends (TTM)
$13.6M
Returned to shareholders
46%
of free cash flow
Buybacks, last 3 fiscal years
$1M
Diluted share count
+0.8%
year over year
Total shareholder yield
2.8%
dividends 2.7% + buybacks 0.0% of market value
R&D spending
5.2%
of revenue
Days sales outstanding
42 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated JOUT CRCT RGR SWBI MBUU FNKO Median
Revenue, last 12 months $661m $690m $577m $551m $915m $933m $349m
Revenue growth, last 12 months 17.5% −3.1% 7.6% 17.0% 13.3% −3.9% 7.6%
Revenue growth, 3-year average −4.7% −5.5% −0.2% 2.7% −13.0% −7.8% −2.5%
Revenue growth, latest quarter 5.0% −9.2% 19.3% 32.3% 42.7% 7.4% 10.9%
Gross margin 39.7% 57.9% 18.7% 27.4% 16.0% 40.1% 40.1%
Operating margin 2.7% 15.5% 1.0% 6.6% 0.3% 2.7% 1.0%
Operating margin, 3-year average −3.5% 13.2% 2.6% 6.5% −1.2% −0.9% 0.9%
Net margin −1.2% 12.7% 2.1% 4.4% 0.2% −0.2% −0.5%
Cash from operations / revenue 7.6% 26.1% 11.2% 20.6% 7.4% 6.7% 8.7%
Free-cash-flow margin 4.5% 22.6% 8.2% 14.9% 4.7% 2.9% 6.1%
Free-cash-flow margin, 3-year average 3.5% 27.5% 7.7% 2.7% 1.9% 2.8% 5.3%
Stock pay / revenue 0.5% 3.9% 0.9% 1.5% 0.6% 1.1% 1.3%
Change in share count 0.8% 0.9% −4.2% −6.8% −1.8% 4.6% 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 17.5% 7.6% 8 of 29
Change in growth rate Growth -0.1pp +3.1pp 23 of 29
Gross margin Profitability 39.7% 39.7% 14 of 27
Operating margin Profitability 2.7% 1.0% 13 of 29
Net margin Profitability -1.2% -0.5% 16 of 29
Free-cash-flow margin Cash generation 4.5% 6.1% 18 of 29
Stock pay as % of revenue Cash generation 0.5% 1.3% 3 of 27
Long-term debt as % of assets Balance sheet 0.0% 16.0% 1 of 20
Change in share count Balance sheet 0.8% 0.8% 13 of 24
Days sales outstanding Balance sheet 42 days 42 days 14 of 27

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

Where the revenue comes from

Fiscal year to October 3, 2025
Segments
Line of business Revenue Share YoY
Fishing $458M 77.4% ▲ 1.4%
Diving $75.4M 12.8% ▲ 2.5%
Camping Watercraft Recreation $58M 9.8% ▼ 12.8%
Geography
Region Revenue Share YoY
United States $517M 87.2% ▲ 0.5%
Europe $35M 5.9% ▲ 1.6%
Canada $28.4M 4.8% ▼ 9.7%
Other Geographic Areas $12.4M 2.1% ▼ 3.9%

From Johnson Outdoors Inc's 10-K filed December 12, 2025, 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
$307M
Institutions reporting
135
Shares held vs prior quarter
▲ 5.2%
Positions opened / closed
12 / 16

Top buyers and sellers, Q2 2026: 77 institutions bought and 54 sold ; the biggest buyer was First Eagle Investment Management, LLC (+182K shares) and the biggest seller Deprince Race & Zollo Inc (−175K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Johnson Financial Group, Inc. $43.8M 951K 14.3% 0.0%
Blackrock, Inc. $23M 500K 7.5% ▲ 13.8%
GAMCO Investors, Inc. Et Al $19.7M 428K 6.4% 0.0%
Dimensional Fund Advisors LP $17.6M 382K 5.7% ▲ 7.9%
First Eagle Investment Management, LLC $14.8M 321K 4.8% ▲ 131.2%
Wallace Capital Management Inc. $11.4M 248K 3.7% ▼ 0.3%
Vanguard Capital Management LLC $10.7M 233K 3.5% ▲ 9.6%
Acadian Asset Management LLC $9.2M 201K 3.0% ▲ 43.5%
Goldman Sachs Group Inc $8.9M 192K 2.9% ▲ 200.9%
Divisadero Street Capital Management, LP $8.8M 190K 2.9% 0.0%
Geode Capital Management, LLC $8.6M 186K 2.8% ▲ 23.6%
Two Sigma Investments, LP $7.6M 166K 2.5% ▲ 33.8%

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 Johnson Outdoors 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 → $1.1M 8 trades by 4 insiders · 0% under pre-set plans
Net ▼ $1.1M net selling
Insider Date Trade Shares Price Value
Stevens Edward A Director August 18, 2026 Sell 6,250 $47.86 $299,125
Fahey John M Jr Director June 11, 2026 Sell 2,000 $45.80 $91,600
Fahey John M Jr Director May 26, 2026 Sell 1,140 $43.85 $49,989
Fahey John M Jr Director March 17, 2026 Sell 2,368 $44.63 $105,684
Fahey John M Jr Director March 2, 2026 Sell 1,588 $49.07 $77,923
Sheahan Richard Casey Director February 23, 2026 Sell 7,580 $49.77 $377,257
Fahey John M Jr Director December 19, 2025 Sell 1,240 $44.26 $54,882
Lang Edward F Director December 17, 2025 Sell 2,000 $43.94 $87,880

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.

Earnings dates and SEC filings

Results announcements

Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • May 8, 2026
  • February 6, 2026
  • December 12, 2025
  • August 1, 2025
  • May 2, 2025

Recent SEC filings

Data status

When each part of this page on Johnson Outdoors 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.

Johnson Outdoors Inc in brief

What does Johnson Outdoors Inc do?
Johnson Outdoors Inc is a US-listed company in the leisure products industry. Its financial year ends in September.
What is Johnson Outdoors Inc's stock ticker?
Johnson Outdoors Inc trades under the ticker JOUT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Johnson Outdoors Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Johnson Outdoors Inc reported revenue of $661M, 17.5% higher than a year earlier, according to its SEC filings.
What is Johnson Outdoors Inc's free cash flow?
Johnson Outdoors Inc's free-cash-flow margin is 4.5% of revenue over the trailing twelve months, ranking 18 of the 29 leisure products companies we cover.
What is Johnson Outdoors Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Johnson Outdoors Inc's free cash flow after stock-based pay gives ~$59 per share in the base case, and ~$48–$73 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Johnson Outdoors Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Johnson Financial Group, Inc., Blackrock, Inc. and GAMCO Investors, Inc. Et Al. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Johnson Outdoors Inc buying back stock, and does it pay a dividend?
Johnson Outdoors Inc spent $118,000 on share repurchases over the trailing twelve months, and its diluted share count still rose 0.8% over the year.
What is Johnson Outdoors Inc's market cap?
On November 2, 2026, Johnson Outdoors Inc's market capitalisation was about $494M and net debt of -$175M. Market figures come from third-party market data and may be delayed.
Does Johnson Outdoors Inc pay a dividend?
Yes: Johnson Outdoors Inc paid $13.6M in dividends over the trailing twelve months, a dividend yield of 2.74%.
How much debt does Johnson Outdoors Inc have?
Johnson Outdoors Inc's debt-to-equity ratio is 0.0%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Johnson Outdoors Inc's competitors?
In our Leisure Products peer group, the companies closest to Johnson Outdoors Inc are Cricut, Inc., Sturm Ruger & Co Inc, Smith & Wesson Brands, Inc., Malibu Boats, Inc. and Funko, Inc. The side-by-side comparison below sets their revenue, margins and growth against Johnson Outdoors Inc's.
Are insiders buying or selling Johnson Outdoors Inc stock?
Over the last 12 months, Johnson Outdoors Inc's directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Johnson Outdoors Inc's next earnings date?
Around November 6, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Johnson Outdoors Inc announces its own schedule.