JOHNSON OUTDOORS INC JOUT
Johnson Outdoors is a leading global manufacturer and marketer of branded seasonal, outdoor recreation products used primarily for fishing from a boat, diving, paddling, hiking and camping. The Company's portfolio of well-known consumer brands has attained leading market positions due to innovation, marketing excellence, product performance and quality. Company values and culture support innovation in all areas, promoting and leveraging best practices and synergies within and across its subsidiaries to advance the Company's strategic vision set by executive management and approved by the Board of Directors. The Company is controlled by Helen P. Johnson-Leipold (Chairman and Chief Executive Officer), members of her family and related entities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $592.4M | $592.8M | $663.8M | $743.4M | $751.7M | $594.2M | $562.4M | $544.3M | $490.6M | $433.7M |
| Cost of revenue | $384.3M | $391.9M | $419.8M | $472.0M | $417.5M | $329.2M | $312.7M | $302.4M | $279.6M | $257.3M |
| Gross profit | $208.1M | $201.0M | $244.1M | $271.3M | $334.1M | $265.0M | $249.8M | $241.9M | $210.9M | $176.5M |
| R&D | $32.2M | $31.1M | $31.4M | $27.7M | $25.7M | $24.6M | $21.9M | $20.4M | $19.2M | $18.4M |
| SG&A | $57.6M | $57.6M | $56.5M | $43.4M | $56.1M | $47.8M | $42.6M | $45.6M | $45.8M | $38.3M |
| Total operating expenses | $224.3M | $244.5M | $232.3M | $205.0M | $222.8M | $193.9M | $186.0M | $178.8M | $165.3M | $153.6M |
| Operating income | -$16.2M | -$43.5M | $11.7M | $66.3M | $111.3M | $71.1M | $63.8M | $63.0M | $45.6M | $22.9M |
| Interest expense | $224.0K | $152.0K | $152.0K | $153.0K | $145.0K | $143.0K | $172.0K | $203.0K | $757.0K | $727.0K |
| Pre-tax income | -$9.3M | -$29.9M | $25.8M | $58.9M | $112.9M | $73.7M | $66.5M | $68.1M | $48.2M | $23.7M |
| Income tax | $25.0M | $3.3M | $6.3M | $14.4M | $29.5M | $18.5M | $15.1M | $27.4M | $13.1M | $10.2M |
| Net income | -$34.3M | -$26.5M | $19.5M | $44.5M | $83.4M | $55.2M | $51.4M | $40.7M | $35.2M | $13.5M |
| Shares, diluted (wtd. avg.) | $10.3M | $10.2M | $10.2M | $10.2M | $10.1M | $10.1M | $10.0M | $10.0M | $9.9M | $9.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $176.4M | $145.5M | $111.9M | $129.8M | $240.4M | $212.4M | $172.4M | $121.9M | $63.8M | $87.3M |
| Short-term investments | $0 | $16.5M | $26.8M | $0 | — | — | $0 | $28.7M | $46.6M | $0 |
| Receivables | $50.5M | $40.6M | $43.2M | $91.9M | $71.3M | $67.3M | $44.5M | $40.9M | $46.8M | $41.5M |
| Inventory | $170.7M | $209.8M | $261.5M | $248.6M | $166.6M | $97.4M | $94.3M | $88.9M | $79.1M | $68.4M |
| Total current assets | $408.8M | $428.7M | $458.7M | $480.3M | $491.3M | $388.5M | $322.5M | $285.7M | $240.8M | $202.0M |
| Property, plant and equipment | $93.7M | $96.9M | $94.4M | $89.1M | $71.5M | $63.0M | $59.5M | $55.9M | $48.9M | $49.0M |
| Goodwill | $10.5M | $0 | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M |
| Other intangibles | $9.5M | $8.3M | $8.5M | $8.4M | $8.6M | $9.1M | $11.4M | $12.3M | $13.5M | $14.5M |
| Total assets | $604.1M | $635.2M | $681.6M | $679.9M | $674.3M | $546.0M | $436.4M | $395.9M | $353.7M | $310.3M |
| Accounts payable | $40.1M | $36.1M | $42.7M | $53.8M | $56.7M | $37.3M | $30.4M | $34.2M | $31.7M | $24.5M |
| Short-term debt | — | — | — | — | — | — | — | — | $0 | $381.0K |
| Total current liabilities | $104.6M | $90.4M | $104.0M | $114.7M | $137.6M | $105.6M | $87.9M | $92.8M | $84.1M | $67.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.0M |
| Total liabilities | $185.7M | $171.8M | $181.9M | $191.9M | $215.8M | $167.9M | $111.9M | $116.7M | $110.7M | $102.8M |
| Retained earnings | $321.8M | $369.6M | $409.6M | $402.8M | $370.5M | $296.4M | $248.4M | $202.8M | $166.9M | $135.4M |
| Total equity | $418.4M | $463.4M | $499.7M | $488.0M | $458.5M | $378.1M | $324.5M | $279.2M | $243.0M | $207.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $56.2M | $41.0M | $41.7M | -$62.1M | $58.3M | $61.5M | $45.8M | $63.4M | $46.4M | $43.4M |
| Depreciation and amortisation | $20.0M | $19.3M | $16.0M | $14.0M | $13.0M | $12.6M | $12.9M | $12.0M | $11.8M | $10.7M |
| Stock-based compensation | $1.5M | $1.3M | $2.4M | $4.1M | $4.2M | $2.7M | $2.3M | $2.3M | $2.0M | $1.8M |
| Capital expenditure | $16.0M | $22.0M | $22.7M | $31.7M | $21.4M | $15.6M | $16.8M | $19.2M | $11.6M | $11.7M |
| Investing cash flow | -$11.9M | $5.0M | -$48.4M | -$31.7M | -$21.4M | -$15.6M | $12.0M | $48.0K | -$58.0M | -$20.7M |
| Financing cash flow | -$13.6M | -$13.7M | -$12.7M | -$12.2M | -$9.0M | -$7.1M | -$6.2M | -$4.9M | -$11.6M | -$4.7M |
| Dividends paid | $13.5M | $13.4M | $12.6M | $12.1M | $8.4M | $6.8M | $5.6M | $4.3M | $3.6M | $3.2M |
| Buybacks | $121.0K | $436.0K | $444.0K | $509.0K | $495.0K | $460.0K | $708.0K | $675.0K | $663.0K | $1.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-25-045348.
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| PTON | PELOTON INTERACTIVE, INC. | $2.29B | 38.6x | -1.8% |
| ESCA | ESCALADE INC | $287.3M | 21.1x | -4.5% |
| AOUT | American Outdoor Brands, Inc. | $182.8M | — | -14.3% |
| CLAR | Clarus Corp | $143.6M | — | -5.2% |
| NWTG | Newton Golf Company, Inc. | $7.3M | — | 136.1% |