JOUT · Nasdaq · Consumer Cyclical
Johnson Outdoors Inc. (JOUT) — Rank #199 by gross profitability (GP/assets 0.32) · ROE -8.0% · Piotroski F-Score 4 / 9.
As-of 2026-10-30 · CIK 0000788329 · all metrics point-in-time as of the filing date.
About
Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreation products for fishing worldwide.
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It operates through Fishing; Camping & Watercraft Recreation; and Diving segments. The Fishing segment offers electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation and marine cartography; and downriggers for controlled-depth fishing. This segment sells its products under the Minn Kota, Humminbird, and Cannon brands through outdoor specialty retailers, retail store chains, internet dealers, original equipment manufacturers, and distributors. The Camping & Watercraft Recreation segment provides portable outdoor cooking systems, single burner and two burner stoves, and accessories under the Jetboil brand to camping and backpacking specialty stores, sporting goods stores, internet retailers, and direct customer through website and distributors; and kayaks, canoes, personal watercraft equipment and products, and paddles for family recreation, touring, and angling through independent specialty and outdoor retailers under Old Town and Carlisle brands. The Diving segment manufactures and markets underwater diving and snorkeling equipment, such as regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels, and accessories through independent specialty dive stores and diving magazines under the SCUBAPRO brand. This segment also provides regular maintenance, product repair, diving education, and travel program services; and sells diving gear to dive training centers, resorts, and public safety units through websites and internet retailers.
The company was founded in 1970 and is headquartered in Racine, Wisconsin.
- Industry
- Leisure
- Sector
- Consumer Cyclical
- State
- WI
- Filer Category
- Accelerated filerSmaller reporting company
- Fiscal Year End
- October 2
- Website
- johnsonoutdoors.com
Company Snapshot
P/S is the primary valuation lens for pre-profit companies.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
1,300
Industry
Leisure
Exchange
Nasdaq
10/11
Flags passed
JOUT fails 1 critical flag
Passes 10 of 11 quality flags
- FAILRevenue declining YoY
Revenue contracted year over year
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
Strengths Revenue growth accelerating
No data Valuation — not counted as a pass.
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passBurn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.
Profitability
Does it make money well?
Warning: Revenue declining YoY · GP/assets 0.32
Gross profitability (GP / assets)
0.32
Primary signal (Novy-Marx).
5th of 6 SIC 39 peers
Return on equity
-8.0%
Gross margin
35.1%
4th of 6 SIC 39 peers
Revenue growth (YoY)
-0.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-7.3%
Revenue CAGR (5Y)
-0.1%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 217% above net income
Free cash flow
$40.23M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
217.3%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.3%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net cash $175.25M, F-Score 4/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.51
4th of 5 SIC 39 peers (best = lowest)
Current ratio
3.37×
2nd of 6 SIC 39 peers
Quick ratio
1.89×
Net cash
$175.25M
Cash & equivalents minus total debt.
Piotroski F-Score
4 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No data
Dividend safety
Composite score
2.8 / 5
Capital allocation quality
Composite score
3.7 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports