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JOUT

Johnson Outdoors Inc.

JOUT

Johnson Outdoors Inc. • NASDAQ
$40.99 ▼ -0.29% (-0.12)
Market Cap $420.34 M
52w High $44.44
52w Low $21.33
Dividend Yield 1.32%
P/E -10.59
Volume 36.90K
Outstanding Shares 10.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $180.655M ▲ $60.597M ▲ $7.742M ▲ 4.286% ▲ $0.76 ▲ $18.165M ▲
Q2-2025 $168.349M ▲ $53.965M ▲ $2.304M ▲ 1.369% ▲ $0.22 ▲ $9.464M ▲
Q1-2025 $107.649M ▲ $52.422M ▼ $-15.29M ▲ -14.204% ▲ $-1.49 ▼ $-14.077M ▲
Q4-2024 $105.874M ▼ $67.682M ▲ $-34.266M ▼ -32.365% ▼ $-0.76 ▼ $-34.834M ▼
Q3-2024 $172.472M $62.328M $1.622M 0.94% $0.16 $5.794M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $161.022M ▲ $634.473M ▲ $184.009M ▲ $450.464M ▲
Q2-2025 $93.951M ▼ $624.474M ▲ $183.372M ▲ $441.102M ▲
Q1-2025 $101.617M ▼ $612.868M ▼ $172.584M ▲ $440.284M ▼
Q4-2024 $162.039M ▲ $635.212M ▼ $171.788M ▼ $463.424M ▼
Q3-2024 $148.369M $679.825M $181.156M $498.669M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.742M ▲ $71.376M ▲ $-2.253M ▼ $-3.263M ▲ $69.055M ▲ $66.928M ▲
Q2-2025 $2.304M ▲ $-1.657M ▲ $-1.249M ▲ $-3.429M ▲ $-5.634M ▲ $33.615M ▲
Q1-2025 $-15.29M ▲ $-36.909M ▼ $-6.5M ▼ $-3.45M ▲ $-50.228M ▼ $-40.993M ▼
Q4-2024 $-34.266M ▼ $19.085M ▼ $1.809M ▲ $-3.559M ▼ $18.675M ▼ $13.516M ▼
Q3-2024 $1.622M $73.663M $-3.806M $-3.191M $66.467M $67.417M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Diving
Diving
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Fishing
Fishing
 $130.00M ▲$80.00M ▼$130.00M ▲$140.00M ▲
Camping
Camping
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Watercraft Recreation
Watercraft Recreation
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has drifted down for several years in a row after peaking during the pandemic outdoor boom. Profitability followed the same pattern: strong a few years ago, then gradually weaker, slipping into a small loss most recently. This points to softer demand, some margin pressure from costs or discounting, and less operating leverage than in prior years. The business still looks fundamentally capable of being profitable, but current results show they are operating in a tougher phase of the cycle and no longer enjoying the unusually strong conditions seen earlier in the decade.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively steady over time. Total assets have held fairly flat, equity remains solid, and borrowings are low, giving the company room to navigate a downturn without heavy financial strain. Cash levels are healthy for a business of this size, which supports ongoing operations and investment. Overall, the company appears financially cautious rather than aggressive, which is a strength in a cyclical, discretionary industry.

Cash Flow

Cash Flow Cash generation is more uneven than the balance sheet might suggest. The company has produced positive cash from operations in most recent years, with one year of outflow when conditions were tougher. Free cash flow has generally stayed positive when operations were healthy and dipped when working capital or demand turned against them. Capital spending has been relatively modest and consistent, which means the business can usually fund its investments internally, but cash flow can tighten quickly when sales or inventory swings go the wrong way.

Competitive Edge

Competitive Edge Johnson Outdoors competes in focused niches where it holds strong positions, especially in fishing electronics, trolling motors, and dive equipment. Its brands are well known and trusted among serious users, and the integration between its boat electronics and motors creates a sticky ecosystem that is hard for rivals to copy. Patented features and system-level integration add to this moat. However, the company still operates in a cyclical, discretionary market and faces competition from much larger electronics players, so its leadership in niches does not eliminate competitive or demand-related risk.

Innovation and R&D

Innovation and R&D Innovation is a clear centerpiece of the strategy. The company continues to roll out more efficient and powerful trolling motors, higher-resolution sonar and live imaging, advanced dive computers, and new electric and pedal-driven kayak systems. It is also experimenting with more sustainable materials and tighter integration across its brands. This steady product refresh helps justify premium pricing and support brand loyalty, but it also requires ongoing investment and execution—especially as competitors invest heavily in similar technologies and as digital and e‑commerce channels become more important.

Summary

Johnson Outdoors today looks like an innovation-led niche leader going through a softer demand period. Earnings have weakened from earlier highs and recently turned negative, yet the balance sheet remains strong and conservatively financed, giving the company resilience. Cash flows show that the business can usually fund itself but is sensitive to swings in consumer demand and inventory. Its real strength lies in powerful brands, patented technologies, and tightly integrated product ecosystems, particularly in fishing and diving. The main uncertainties are how long the current demand softness will last, how well the company can defend its technological edge against larger rivals, and whether continued innovation and digital expansion can restore the stronger profitability it enjoyed earlier in the decade.

NEWS

November 25, 2025 · 4:52 PM UTC

Johnson Outdoors to Release Fiscal 2025 Fourth Quarter Results on December 12, 2025

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September 26, 2025 · 6:00 AM UTC

Johnson Outdoors Announces Cash Dividend

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