American Outdoor Brands Inc AOUT

Consumer DiscretionaryLeisure ProductsUnited States of America

Last close 18.44 USD on Nov 2, 2026, +138.6% year to date

Quant rating

Quant rating B Rank 80 of 344 in Consumer Discretionary

Growth B 109 of 344
Valuation C 235 of 344
Quality C 238 of 344
Revisions B 79 of 344
Momentum A 9 of 344

Wall Street consensus Buy (1.67)Average target 18.33 USD −0.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 233M
Enterprise value: 199M
52-week range: 6.28 – 19.40
3-year range: 6.28 – 19.40
Dividend yield: –
Beta (5 years): 0.18
Shares outstanding: 12.6M
Next earnings: Dec 7, 2026

About the company

American Outdoor Brands, Inc. is a provider of outdoor lifestyle products and shooting sports accessories. The Company's outdoor lifestyle products and shooting sports accessories include hunting, fishing, outdoor cooking, camping, shooting, and personal security and defense products, for rugged outdoor enthusiasts. It designs, conceives, sources and sells its outdoor lifestyle products, including premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products. The Company distributes its products through e-commerce and traditional distribution channels. The Company offers its products under various brands, such as BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust and Wheeler.

Growth and profitability fiscal year ends April 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	191	222	201	191	248	–
Revenue growth	−14.3%	10.6%	5.2%	−22.8%	−10.5%	−7.2%
EPS (basic, normalized)	0.28	0.76	0.32	0.48	1.77	–
EPS growth	−63.2%	137.5%	−33.3%	−72.9%	–	–
Gross margin	44.7%	44.6%	44.0%	46.1%	46.2%	45.1%
Net margin	−4.8%	0.0%	−6.1%	−6.3%	−26.2%	−8.7%
ROE	−5.4%	0.0%	−6.6%	−6.1%	−26.9%	−9.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	33.3
Current ratio	4.93x
Long-term debt (mil)	0
Net debt (mil)	−33.3
Total equity (mil)	164
Net debt / equity	−0.20x
Net debt / EBITDA	−3.26x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	191	−14.3%	1.0x	10.2	−31.2%	19.6x	0.28	−63.2%	65.9x
2027	205	+7.7%	1.0x	15.8	+54.8%	12.6x	0.80	+185.7%	23.1x
2028	216	+5.3%	0.9x	18.1	+14.5%	11.0x	0.77	−3.7%	23.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	205	−0.1%	+0.1%	−1.0%	0.80	0.0%	+39.1%	+110.5%
2028	216	+1.2%	+0.8%	+0.8%	0.77	0.0%	−3.8%	+22.2%
2029	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	46.3	41.6	60.2	58.5	61.9	29.7	57.2	56.6	47.1	37.3
Sales mean (mil)	43.1	41.1	53.2	56.2	48.5	35.8	50.9	53.8	48.4	35.6
Surprise	+7.3%	+1.4%	+13.1%	+4.0%	+27.8%	−17.0%	+12.3%	+5.1%	−2.8%	+4.5%
EPS reported	0.00	0.06	0.37	0.21	0.13	−0.26	0.29	0.12	0.13	0.03
EPS mean	−0.07	−0.07	0.20	0.09	−0.11	−0.25	0.20	0.09	−0.01	−0.24
Surprise	+100.0%	−192.3%	+80.5%	+133.3%	−218.2%	−4.0%	+48.7%	+41.2%	−2,700.0%	−112.5%

Peer comparison Leisure Products

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
AOUT American Outdoor Brands Inc	233M	−3.26x	−4.8%	1.42x	23.1x	23.9x	12.6x	11.0x
HAS Hasbro, Inc.	16.6B	1.55x	−6.9%	18.18x	16.6x	16.8x	11.6x	11.3x
MAT Mattel Inc	4.4B	1.95x	7.4%	2.22x	12.0x	9.9x	7.4x	6.8x
GOLF Acushnet Holdings Corp	5.2B	2.18x	7.4%	5.65x	22.0x	21.7x	13.3x	13.4x
BC Brunswick Corp	5.1B	2.73x	−2.5%	3.05x	17.3x	14.7x	9.6x	8.7x
YAMCY YAMAHA CORPORATION	3.6B	−1.98x	5.1%	1.09x	16.9x	15.8x	7.3x	7.3x
Mean		0.53x	0.9%	5.27x	18.0x	17.1x	10.3x	9.8x
Median		1.75x	1.3%	2.64x	17.1x	16.3x	10.6x	9.8x

Technical analysis

1M+12.8%
3M+49.2%
1Y+168.4%
3Y+107.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, American Outdoor Brands Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	191	222	201	191	248	277
Cost of revenue	105	123	113	103	133	150
Gross profit	85.2	99.3	88.4	88.1	114	127
Selling, general & administrative expenses	84.7	80.6	79.9	79.7	81.9	79.2
Research & development	6.1	6.6	6.2	5.9	5.3	5.3
Depreciation/amortization	–	12.2	14.8	15.1	15.7	18.8
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	3.4	–	0	0	67.8	0
Other operating expenses	0	0	0	0	0	0
Operating income	−9.0	−0.2	−12.5	−12.7	−56.5	23.5
Net interest income (expense)	−0.3	0.1	0	−0.8	−0.3	0.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.1	0.1	0.1	1.2	1.3	0.5
Net income before taxes	−9.2	0	−12.3	−12.3	−55.5	24.3
Provision for taxes	0	0.1	−0.1	−0.2	9.3	5.9
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−9.2	−0.1	−12.2	−12.0	−64.9	18.4
Extraordinary items	–	–	–	–	–	–
Net income	−9.2	−0.1	−12.2	−12.0	−64.9	18.4
EBIT, normalized	−5.5	0.7	−12.5	−12.7	11.9	24.0
EBITDA, normalized	6.9	14.0	3.6	3.9	28.9	43.8
Basic EPS, normalized	0.28	0.76	0.32	0.48	1.77	–

Balance sheet in millions of USD, fiscal years

Balance sheet, American Outdoor Brands Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	21.4	23.4	29.7	21.9	19.5	60.8
Receivables	29.4	39.5	26.0	28.1	30.1	42.4
Total inventory	91.9	105	93.3	99.7	122	74.3
Prepaid expenses	2.3	4.0	6.4	7.8	8.5	2.3
Other current assets	17.7	0	0	0	0	0
Total current assets	163	172	155	158	180	180
Property, plant & equipment	40.0	43.1	44.6	33.7	34.5	36.4
Goodwill	–	–	–	–	0	64.3
Intangibles	23.5	31.4	40.2	52.0	63.2	53.6
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	0.4	0.2	0.4	0.3	0.3	7.1
Total assets	227	246	241	244	278	341
Liabilities
Accounts payable	13.4	15.7	14.2	11.5	13.6	16.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	16.5	21.1	15.2	11.5	13.4	20.3
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	0	0	0	0	0	0
Total current liabilities	29.9	36.8	29.4	23.0	27.0	36.3
Long-term debt	0	0	0	4.6	24.7	0
Minority interest	–	–	–	–	–	–
Other liabilities	30.8	31.9	33.3	24.1	23.1	25.0
Total liabilities	60.7	68.7	62.7	51.7	74.8	61.4
Shareholders' equity
Preferred stock	0	0	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	283	281	277	273	268	265
Retained earnings (accumulated deficit)	−83.9	−74.7	−74.6	−62.4	−50.4	14.5
Treasury stock	−33.5	−28.4	−24.6	−18.6	−15.0	–
Other equity	0	0	0	0	0	0
Total equity	166	178	178	192	203	280
Total liabilities & shareholders' equity	227	246	241	244	278	341

Cash flow statement in millions of USD, fiscal years

Cash flow statement, American Outdoor Brands Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	−9.2	−0.1	−12.2	−12.0	−64.9	18.4
Depreciation, depletion & amortization	12.4	13.3	16.1	16.5	17.0	19.8
Deferred taxes	–	–	0	0	6.7	−3.1
Non-cash items	6.1	3.5	4.1	4.1	70.8	3.0
Changes in working capital	−3.1	−15.4	16.5	22.1	−47.6	−4.8
Cash from operations	6.3	1.4	24.5	30.7	−18.0	33.3
Investing activities
Capital expenditures	−2.5	−3.9	−6.1	−4.9	−6.6	−4.2
Other investing cash flows	0	0	0.1	0	−27.0	0
Cash from investing	−2.5	−3.9	−6.0	−4.8	−33.6	−4.2
Financing activities
Financing cash flow items	−1.3	−0.5	−0.4	−0.4	−0.8	31.0
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−4.5	−3.2	−10.3	−23.0	11.0	0.4
Cash from financing	−5.8	−3.7	−10.8	−23.5	10.3	31.4
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−2.0	−6.3	7.7	2.4	−41.3	60.6
Free cash flow	3.9	−2.5	18.4	25.9	−24.5	29.1

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.