Johnson Outdoors AI Stock Analysis
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Johnson Outdoors (JOUT) AI Stock Analysis
Johnson Outdoors
(NASDAQ:JOUT)
The score is anchored by improving but still inconsistent fundamentals: strong revenue rebound and a very solid, low-leverage balance sheet are offset by continued TTM net losses and sharply weaker free cash flow. Technicals are a key drag given broad weakness versus moving averages and negative momentum indicators. Valuation is constrained by the negative P/E, partially cushioned by a ~3% dividend yield, while the earnings call adds moderate support but highlights that part of the margin improvement was non-recurring and cost/inventory pressures remain.
Johnson Outdoors (JOUT) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $492.99M
- Dividend Yield
- 2.78%
- Average Volume (3M)
- 39.84K
- Price to Earnings (P/E)
- -60.9
- Beta (1Y)
- 0.48
- Revenue Growth
- 17.49%
- EPS Growth
- 82.16%
- Country
- US
- Employees
- 1,300
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Leisure
Johnson Outdoors Business Overview & Revenue Model
Company Description
Johnson Outdoors, Inc. engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brand...
How the Company Makes Money
Johnson Outdoors primarily makes money by selling branded outdoor recreation products to retailers, distributors, and direct-to-consumer channels, with revenue generally tied to unit sales volume and product mix across its main segments. Key revenue...
Johnson Outdoors Earnings Call Summary
The call presented solid top-line growth (Q3 sales +5%, YTD +15%) and meaningful profit and margin improvement (Q3 gross margin +7.7 pts, YTD gross margin +5.8 pts; YTD profit before tax turnaround of ~$36.5M) driven by strong brand demand, cost savings, and a one-time tariff refund (~$15M). Offsetting these positives are rising raw material/component costs, an 11.5% increase in operating expenses (half from variable compensation), a notable inventory build (+$24.5M), and a weak camping & watercraft segment. Given the material contribution from tariff refunds and ongoing cost pressures, the positives and negatives are roughly balanced.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management's guidance and commentary focused on recent performance and near‑term expectations: Q3 total company sales were up 5%, operating income was $18.3M (≈$11M higher YoY) helped by ~ $15M of tariff refunds, driving a Q3 gross margin of 45.3% (up 7.7 points; excluding refunds modestly below prior year), while year‑to‑date sales were +15% with a YTD gross margin of 40.6% (up 5.8 points); Q3 profit before tax was $23.3M (vs $10.5M prior) and YTD profit before tax was $32.2M (vs a $4.3M loss prior yr, ≈+$36.5M), inventory finished Q3 at $188.3M (≈+$24.5M YoY), operating expenses rose ~$7M (up ~11.5% YoY, ~50% driven by variable compensation), management does not expect additional meaningful tariff refunds, cautioned on higher raw material costs offset by pricing and cost‑savings, expects full‑year tax expense of ~$5–6M, remains debt‑free, and continues to pay a dividend (Board approved in May).
Johnson Outdoors Financial Statement Overview
Summary
Financials are improving but not yet durable: TTM revenue rebounded strongly (+139%) and gross margin improved (~39.7%), but profitability is still weak with a small net loss (net margin ~-1.2%) and thin operating margin (~0.6%). The balance sheet is a clear strength with low leverage (debt-to-equity ~0.12) and substantial equity (~$431M), while cash flow is positive but has weakened materially (FCF ~+$2.9M with ~-88% growth), indicating uneven cash generation.
Income Statement
46NeutralBalance Sheet
74PositiveCash Flow
52Neutral| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 660.91M | 592.41M | 592.85M | 663.84M | 743.36M | 751.65M |
| Gross Profit | 262.15M | 208.09M | 200.98M | 244.09M | 271.33M | 334.13M |
| EBITDA | 47.77M | 11.57M | -10.10M | 42.27M | 73.28M | 126.47M |
| Net Income | -7.99M | -34.29M | -26.53M | 19.53M | 44.49M | 83.38M |
Balance Sheet | ||||||
| Total Assets | 648.37M | 604.10M | 635.21M | 681.61M | 679.93M | 674.29M |
| Cash, Cash Equivalents and Short-Term Investments | 175.25M | 176.40M | 162.04M | 138.62M | 129.80M | 240.45M |
| Total Debt | 51.63M | 48.68M | 49.33M | 52.34M | 57.90M | 49.99M |
| Total Liabilities | 217.74M | 185.68M | 171.79M | 181.87M | 191.92M | 215.78M |
| Stockholders Equity | 430.63M | 418.42M | 463.42M | 499.74M | 488.01M | 458.50M |
Cash Flow | ||||||
| Free Cash Flow | 29.89M | 40.23M | 18.97M | 19.05M | -93.83M | 36.91M |
| Operating Cash Flow | 50.39M | 56.21M | 40.98M | 41.71M | -62.14M | 58.32M |
| Investing Cash Flow | -18.18M | -11.86M | 5.03M | -48.37M | -31.68M | -21.38M |
| Financing Cash Flow | -13.74M | -13.56M | -13.70M | -12.73M | -12.23M | -9.03M |
Johnson Outdoors Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JOUT, the sentiment is Positive. The current price of 47.54 is above the 20-day moving average (MA) of 45.79, above the 50-day MA of 44.73, and above the 200-day MA of 45.96, indicating a bullish trend. The MACD of 0.96 indicates Negative momentum. The RSI at 58.78 is Neutral, neither overbought nor oversold. The STOCH value of 52.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JOUT.
Johnson Outdoors Risk Analysis
Johnson Outdoors disclosed 26 risk factors in its most recent earnings report. Johnson Outdoors reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
2 New RisksJohnson Outdoors Peers Comparison
Overall Rating
CALY79Outperform
AS74Outperform
AOUT66Neutral
CLAR63Neutral
YETI62Neutral- JOUT55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CALY | 79Outperform | $3.04B | 21.00 | 6.95% | 7.00% | -48.19% | 88.80% |
| AS | 74Outperform | $18.54B | 32.04 | 8.72% | ― | 30.49% | 134.07% |
| AOUT | 66Neutral | $236.27M | -61.39 | -2.35% | ― | -5.84% | 13.11% |
| CLAR | 63Neutral | $202.54M | -7.48 | -13.47% | 1.92% | -0.75% | 67.23% |
| YETI | 62Neutral | $3.27B | 18.44 | 27.27% | ― | 6.24% | 10.22% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| JOUT | 55Neutral | $490.40M | -60.95 | -1.90% | 2.78% | 17.49% | 82.16% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JOUT | Johnson Outdoors | 47.54 | 10.20 | 27.32% | |
| CLAR | Clarus Corp | 5.20 | 1.96 | 60.39% | |
| CALY | Callaway Golf Company | 17.43 | 6.85 | 64.74% | |
| YETI | Yeti Holdings | 42.79 | 4.87 | 12.84% | |
| AOUT | American Outdoor Brands, Inc. | 19.05 | 12.55 | 193.08% | |
| AS | Amer Sports, Inc. | 31.08 | 0.67 | 2.20% |
Johnson Outdoors Corporate Events
Johnson Outdoors Declares Quarterly Cash Dividend to Shareholders
PositiveOn September 25, 2026, Johnson Outdoors announced that its Board of Directors approved a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share. The dividend is scheduled to be paid on October 23, 2026 to shareholders of recor...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 25, 2026