Johnson Outdoors Inc JOUT

Consumer DiscretionaryLeisure ProductsUnited States of America

Last close 47.83 USD on Nov 2, 2026, +15.9% year to date

Quant rating

Quant rating D Rank 249 of 344 in Consumer Discretionary

Growth B 122 of 344
Valuation C 185 of 344
Quality D 285 of 344
Revisions C 224 of 344
Momentum C 183 of 344

Wall Street consensus Average target 57.00 USD +19.2%

Historical valuation

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

Key data

Market cap: 501M
Enterprise value: 326M
52-week range: 36.44 – 53.54
3-year range: 21.71 – 54.94
Dividend yield: 2.89%
Beta (5 years): 0.80
Shares outstanding: 10.5M
Next earnings: Dec 10, 2026

About the company

Johnson Outdoors Inc. is a global manufacturer and marketer of branded seasonal outdoor recreation products used primarily for fishing, diving, paddling and camping. The Company's brands include Old Town canoes and kayaks; Carlisle paddles; Minn Kota trolling motors, shallow water anchors and battery chargers; Cannon downriggers; Humminbird marine electronics and charts; SCUBAPRO dive equipment, and Jetboil outdoor cooking systems. Its fishing products include Riptide Instinct QUEST, Raptor Shallow Water Anchors, APEX and Optimum downrigger. SCUBAPRO's portfolio features regulators, dive computers, BCDs and thermal protection, along with a full line of scuba masks, fins, snorkels, and scuba accessories. SCUBAPRO's products include HYDROS PRO Bungee Set and Mako Dive Knife Strap. The Company's camping products include Flash Cooking System, Genesis Basecamp System and Stash Cooking System. Its watercraft products include Old Town Sportsman BigWater ePDL+ 132 and Ocean Kayak Malibu PDL.

Growth and profitability fiscal year ends September 30

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	592	593	664	743	752	–
Revenue growth	−0.1%	−10.7%	−10.7%	−1.1%	26.5%	−0.1%
EPS (basic, normalized)	−3.35	−2.60	1.90	4.37	8.21	–
EPS growth	–	–	−56.5%	−46.8%	–	–
Gross margin	35.1%	33.9%	36.8%	36.5%	44.5%	37.3%
Net margin	−5.8%	−4.5%	2.9%	6.0%	11.1%	2.0%
ROE	−7.8%	−5.5%	4.0%	9.4%	19.9%	4.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	175
Current ratio	3.37x
Long-term debt (mil)	0
Net debt (mil)	−175
Total equity (mil)	431
Net debt / equity	−0.41x
Net debt / EBITDA	–

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
2025 actual	592	−0.1%	0.6x	–	–	–	−3.35	−28.8%	−14.3x
2026	650	+9.8%	0.5x	–	–	–	1.30	+138.8%	36.8x
2027	686	+5.5%	0.5x	–	–	–	1.41	+8.5%	33.9x
2028	724	+5.6%	0.5x	–	–	–	2.45	+73.8%	19.5x

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
2026	650	0.0%	−0.3%	−0.1%	1.30	0.0%	+73.3%	+13.0%
2027	686	0.0%	+0.4%	+1.5%	1.41	0.0%	−40.0%	−41.7%
2028	724	0.0%	–	–	2.45	0.0%	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	176	172	106	108	168	181	136	141	194	190
Sales mean (mil)	159	176	115	105	178	177	117	124	185	186
Surprise	+10.8%	−2.1%	−7.9%	+2.8%	−5.6%	+2.3%	+15.6%	+13.7%	+5.1%	+1.9%
EPS reported	0.21	0.16	−3.35	−1.49	0.22	0.75	−2.83	−0.33	0.89	1.42
EPS mean	1.12	0.22	−0.98	−1.30	0.50	0.24	−0.68	−0.45	0.87	0.68
Surprise	−81.2%	−27.3%	−241.8%	−14.6%	−56.0%	+212.5%	−316.2%	+26.7%	+2.3%	+108.8%

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
JOUT Johnson Outdoors Inc	501M	–	−5.8%	1.16x	36.8x	33.9x	–	–
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		1.29x	0.8%	5.23x	20.3x	18.8x	9.8x	9.5x
Median		1.95x	1.3%	2.64x	17.1x	16.3x	9.6x	8.7x

Technical analysis

1M+7.3%
3M+2.7%
1Y+20.8%
3Y+8.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Johnson Outdoors Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	592	593	664	743	752	594
Cost of revenue	384	392	420	472	418	329
Gross profit	208	201	244	271	334	265
Selling, general & administrative expenses	192	202	201	177	197	169
Research & development	32.2	31.1	31.4	27.7	25.7	24.6
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0.1	11.2	–	–	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	−16.2	−43.5	11.7	66.3	111	71.1
Net interest income (expense)	3.4	4.3	4.3	−1.1	0	1.0
Gain (loss) on sale of assets	–	–	6.6	–	–	–
Other non-operating income (expense)	3.5	9.4	3.2	−6.3	1.6	1.6
Net income before taxes	−9.3	−29.9	25.8	58.9	113	73.7
Provision for taxes	25.0	−3.3	6.3	14.4	29.5	18.5
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−34.3	−26.5	19.5	44.5	83.4	55.2
Extraordinary items	–	–	–	–	–	–
Net income	−34.3	−26.5	19.5	44.5	83.4	55.2
EBIT, normalized	−16.1	−32.3	11.7	66.3	111	71.1
EBITDA, normalized	4.6	−12.7	28.0	80.5	125	86.0
Basic EPS, normalized	−3.35	−2.60	1.90	4.37	8.21	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Johnson Outdoors Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	176	162	139	130	240	212
Receivables	50.5	40.6	43.2	91.9	71.3	67.3
Total inventory	171	210	261	249	167	97.4
Prepaid expenses	–	–	–	–	–	–
Other current assets	11.2	16.3	15.4	9.9	12.9	11.4
Total current assets	409	429	459	480	491	389
Property, plant & equipment	140	144	145	146	121	104
Goodwill	10.5	0	11.2	11.2	11.2	11.2
Intangibles	9.5	8.3	8.5	8.4	8.6	9.1
Long-term investments	–	0	13.9	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	35.0	53.7	44.3	34.3	42.6	33.5
Total assets	604	635	682	680	674	546
Liabilities
Accounts payable	40.1	36.1	42.7	53.8	56.7	37.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	62.8	52.3	57.0	57.7	71.4	61.6
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	1.8	2.1	4.3	3.2	9.4	6.7
Total current liabilities	105	90.4	104	115	138	106
Long-term debt	0	0	0	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	81.0	81.3	77.9	77.2	78.2	62.3
Total liabilities	186	172	182	192	216	168
Shareholders' equity
Preferred stock	–	–	–	0	0	0
Common stock	0.5	0.5	0.5	0.5	0.5	0.5
Additional paid-in capital	91.9	90.1	88.2	87.4	82.9	78.7
Retained earnings (accumulated deficit)	322	370	410	403	371	296
Treasury stock	−3.0	−2.8	−1.9	−3.3	−2.8	−2.2
Other equity	7.3	6.0	3.3	0.6	7.4	4.7
Total equity	418	463	500	488	459	378
Total liabilities & shareholders' equity	604	635	682	680	674	546

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Johnson Outdoors Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−34.3	−26.5	19.5	44.5	83.4	55.2
Depreciation, depletion & amortization	20.6	19.6	16.3	14.2	13.4	14.9
Deferred taxes	20.6	−5.1	−6.9	1.8	−2.3	0.5
Non-cash items	3.8	24.5	6.5	8.6	5.0	5.7
Changes in working capital	45.5	28.5	6.3	−131	−41.2	−14.9
Cash from operations	56.2	41.0	41.7	−62.1	58.3	61.5
Investing activities
Capital expenditures	−16.0	−22.0	−22.7	−31.7	−21.4	−15.6
Other investing cash flows	4.1	27.1	−25.7	0	0	0
Cash from investing	−11.9	5.0	−48.4	−31.7	−21.4	−15.6
Financing activities
Financing cash flow items	−0.1	–	0	0	−0.1	0
Cash dividends paid	−13.5	−13.4	−12.6	−12.1	−8.4	−6.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	0	−0.3	−0.2	−0.2	−0.5	−0.3
Cash from financing	−13.6	−13.7	−12.7	−12.2	−9.0	−7.1
Foreign exchange effects	0.1	1.3	1.4	−4.6	0.1	1.3
Net change in cash	30.9	33.6	−17.9	−111	28.0	40.1
Free cash flow	40.2	19.0	19.0	−93.8	36.9	45.9

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.