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Johnson Outdoors Inc key statistics and ratios

In fiscal 2025, Johnson Outdoors Inc had return on equity of -7.8%, an operating margin of -2.7%, debt equal to 0.0% of equity and a current ratio of 3.91. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2010Oct 20102011Sept 20112012Sept 20122013Sept 20132014Oct 20142015Oct 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Oct 20202021Oct 20212022Sept 20222023Sept 20232024Sept 20242025Oct 2025LTMJul 2026
Gross margin40.1%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%
Operating margin3.8%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 margin1.7%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 margin2.6%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%
Return on equity5.2%22.5%6.0%10.4%4.6%5.4%6.7%15.6%15.6%17.0%15.7%19.9%9.4%4.0%−5.5%−7.8%−1.9%
Return on assets2.9%13.4%3.9%7.0%3.2%3.6%4.4%10.6%10.9%12.4%11.2%13.7%6.6%2.9%−4.0%−5.5%−1.3%
Asset turnover1.691.681.581.551.471.461.421.481.451.351.211.231.100.980.900.961.06
Current ratio2.392.713.102.983.282.862.992.863.083.673.683.574.194.414.743.913.37
Debt to equity12.9%9.2%5.1%4.2%3.9%3.8%3.6%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest cover (operating income ÷ interest)2.9x5.5x9.5x19.9x21.2x20.6x31.5x60.2x—————77.2xn/mn/m81.8x
Effective tax rate28.9%—49.1%21.6%47.6%32.6%42.9%27.1%40.3%22.7%25.1%26.2%24.4%24.4%———
R&D as % of revenue3.5%3.6%3.6%3.6%3.9%3.8%4.2%3.9%3.8%3.9%4.1%3.4%3.7%4.7%5.2%5.4%5.2%
Capital spending as % of revenue2.6%2.3%2.9%3.8%3.1%2.4%2.7%2.4%3.5%3.0%2.6%2.8%4.3%3.4%3.7%2.7%3.1%
Free cash flow ÷ net income149.6%66.2%194.7%70.7%218.7%72.0%235.0%98.8%108.7%56.5%83.1%44.3%−210.9%97.5%———
Dividends ÷ net income————32.4%27.9%23.5%10.1%10.7%10.8%12.3%10.1%27.1%64.3%———
Dividends and buybacks ÷ free cash flow——0.5%6.5%17.8%50.1%14.7%12.2%11.4%21.6%15.8%24.1%—68.2%73.1%33.9%46.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

Head to head: CRCT vs JOUTJOUT vs RGRJOUT vs SWBIJOUT vs MBUU

More: Leisure Products stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Johnson Outdoors Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Johnson Outdoors Inc.