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JBI

Janus International Group, Inc.

JBI

Janus International Group, Inc. • NYSE
$6.21 ▼ -0.32% (-0.02)
Market Cap $862.11 M
52w High $10.80
52w Low $5.72
Dividend Yield 0%
P/E 18.26
Volume 833.62K
Outstanding Shares 138.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $219.3M ▼ $56.3M ▼ $15.2M ▼ 6.931% ▼ $0.11 ▼ $41.5M ▼
Q2-2025 $228.1M ▲ $57.2M ▲ $20.7M ▲ 9.075% ▲ $0.15 ▲ $47.4M ▲
Q1-2025 $210.5M ▼ $56.6M ▼ $10.8M ▲ 5.131% ▲ $0.077 ▲ $36.8M ▲
Q4-2024 $230.8M ▲ $74.4M ▲ $300K ▼ 0.13% ▼ $0.002 ▼ $29M ▼
Q3-2024 $230.1M $64.5M $11.8M 5.128% $0.082 $37.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $178.9M ▲ $1.3B ▼ $739.7M ▼ $560.8M ▲
Q2-2025 $173.6M ▲ $1.302B ▲ $758.7M ▲ $543.8M ▲
Q1-2025 $140.8M ▼ $1.272B ▼ $745M ▼ $526.8M ▲
Q4-2024 $149.3M ▲ $1.301B ▲ $782.5M ▲ $518.8M ▼
Q3-2024 $102.1M $1.295B $768.4M $526.6M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $15.2M ▼ $15M ▼ $-6.8M $-2.8M ▲ $5.3M ▼ $8.3M ▼
Q2-2025 $20.7M ▲ $51.4M ▲ $-6.8M ▼ $-12.2M ▲ $32.8M ▲ $44.6M ▲
Q1-2025 $10.8M ▲ $48.3M ▼ $-6.4M ▼ $-50.6M ▼ $-8.5M ▼ $41.9M ▼
Q4-2024 $300K ▼ $51.4M ▲ $2.8M ▲ $-6.6M ▲ $47.2M ▲ $45.3M ▲
Q3-2024 $11.8M $43M $-5.5M $-45.7M $-8M $39.3M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $180.00M ▲$170.00M ▼$180.00M ▲$170.00M ▼
Service
Service
 $50.00M ▲$40.00M ▼$50.00M ▲$50.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown well over the past several years but appears to have taken a small step back in the most recent period after a strong peak. Profitability followed a similar pattern: margins improved steadily as the business scaled, then softened more recently, with net income and earnings per share dropping from last year’s high but still sitting comfortably above early‑period levels. Overall, this looks like a business that has moved from a smaller, growing base to a more mature, profitable scale, now facing a patch of slower or more volatile growth and some margin pressure that bears watching.

Balance Sheet

Balance Sheet The balance sheet has strengthened over time. Total assets have grown steadily, and shareholder equity has expanded meaningfully, suggesting that retained profits are building up inside the company. Debt levels remain sizable but are no longer rising and have edged down from their peak, so leverage is gradually becoming more balanced as equity grows. Cash on hand has improved from very thin levels a few years ago, giving the company a more comfortable liquidity cushion, though it is still not excessive. Overall, the picture is of a capital‑intensive company that remains leveraged but is slowly de‑risking its balance sheet as it matures.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been positive every year and improved significantly as the business scaled, even if the latest year shows some cooling from its prior peak. Free cash flow has consistently stayed positive after investment spending, helped by relatively modest capital expenditure needs. This means the core operations are producing enough cash to fund reinvestment and still leave room for debt service and potential capital allocation flexibility. The main watchpoint is whether the recent dip in operating cash is a short‑term fluctuation or the start of a more durable slowdown.

Competitive Edge

Competitive Edge Janus sits in a strong competitive spot within the self‑storage ecosystem. It is a leading, scaled player with a large share of the market, especially among big institutional owners. Its offering goes beyond just doors to a full package of design, manufacturing, installation, and renovation services, making it a one‑stop solution that is hard for smaller rivals to match. Programs aimed at upgrading existing facilities help smooth demand through cycles, not just relying on new construction. On top of that, customers face meaningful switching costs once Janus’s systems are installed, which deepens loyalty. The flip side is that the company is still heavily tied to conditions in the self‑storage and related construction markets, so industry slowdowns can weigh on growth.

Innovation and R&D

Innovation and R&D Innovation is a major pillar of Janus’s strategy, centered on smart access and security. The Nokē smart entry ecosystem turns traditional storage units into connected, app‑controlled spaces, with digital keys, remote management, and activity monitoring. This technology not only improves the user experience but also raises switching costs for facility owners, reinforcing the moat. Janus keeps extending this platform with new lock formats, management software, and enhanced security doors, and it is experimenting with relocatable storage structures and broader commercial and industrial applications. Rather than classic lab‑style R&D, the company focuses on practical, market‑driven innovation that wraps hardware, software, and services into integrated solutions, with future upside in data and analytics if adoption continues to spread.

Summary

Janus International has evolved from a smaller niche manufacturer into a scaled, profitable industrial player anchored in the self‑storage market. The financial story shows solid long‑term growth, expanding margins, and strengthening cash generation, followed by a more recent period of softer revenue and profit that suggests the growth phase is becoming bumpier. Its balance sheet is still leveraged but is gradually improving as equity builds and cash levels rise. Competitively, Janus benefits from scale, an integrated offering, and sticky customer relationships, all reinforced by its smart‑technology platform. The key dynamics to monitor going forward are how well it navigates construction and self‑storage cycles, whether smart‑entry adoption continues to grow, and how effectively it can extend its products into adjacent markets and geographies without stretching its resources or eroding returns.

NEWS

November 6, 2025 · 6:55 AM UTC

Janus International Group Reports Third Quarter 2025 Financial Results

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October 20, 2025 · 6:55 AM UTC

Janus International Group Announces Credit Rating Upgrade

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October 16, 2025 · 6:55 AM UTC

Janus International Group to Report Third Quarter 2025 Results on November 6, 2025

Read more