JOUT

MKT CAP:$540M

Johnson Outdoors Inc.

Market Cap

$540M

Consumer Cyclical·Leisure·🇺🇸 United States·NASDAQ

Consumer Cyc.·Leisure·🇺🇸·NASDAQ

Stock Price

$52.26+$8.97 (+20.72%)

Apr 23, 2026

Company Details

Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers el...

CEO

Helen Johnson-Leipold

IPO Date

Oct 9, 1987

Website

www.johnsonoutdoors.com

Key Metrics TTM

Revenue

$626M

+11.4% YoY

Net Income

-$22M

EPS (Diluted)

-$2.17

Free Cash Flow

$39M

Revenue / Share

$60.51

Gross Margin

36.4%

Operating Margin

0.2%

Net Margin

-3.6%

FCF Margin

6.2%

P/S

0.9x

P/E

—

Earnings Reports

Q2 2026

May 1, 2026

PENDING

Q1 2026

Feb 6, 2026

$141M+30.9%EPS -$0.32

FY 2025

Dec 12, 2025

$592M-0.1%EPS -$3.35

Q4 2025

Dec 12, 2025

$136M+28.2%EPS -$2.83

Q3 2025

Aug 1, 2025

$181M+4.7%EPS $0.76

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$190M	$69M	$15M
Q3 22	$204M	$74M	$24M
Q4 22	$196M	$69M	$13M
Q1 23	$178M	$63M	$5M
Q2 23	$202M	$75M	$11M
Q3 23	$187M	$78M	$17M
Q4 23	$96M	$28M	-$23M
Q1 24	$139M	$53M	$46.0K
Q2 24	$176M	$61M	-$253.0K
Q3 24	$172M	$62M	-$506.0K
Q4 24	$106M	$25M	-$43M
Q1 25	$108M	$32M	-$20M
Q2 25	$168M	$59M	$5M
Q3 25	$181M	$68M	$7M
Q4 25	$136M	$49M	-$8M
Q1 26	$141M	$52M	-$3M

Valuation

Quarter	P/S	P/E
Q2 22	0.7x	9.6x
Q3 22	0.8x	12.9x
Q4 22	0.7x	12.1x
Q1 23	0.7x	13.7x
Q2 23	0.7x	12.2x
Q3 23	0.7x	12.0x
Q4 23	0.8x	27.7x
Q1 24	0.9x	30.7x
Q2 24	0.9x	110.2x
Q3 24	0.9x	—
Q4 24	0.9x	—
Q1 25	1.0x	—
Q2 25	1.0x	—
Q3 25	1.0x	—
Q4 25	0.9x	—
Q1 26	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$42M	-$51M
Q3 22	$18M	$9M
Q4 22	$24M	$18M
Q1 23	-$18M	-$24M
Q2 23	-$525.0K	-$8M
Q3 23	$63M	$58M
Q4 23	-$3M	-$7M
Q1 24	-$34M	-$39M
Q2 24	-$18M	-$23M
Q3 24	$74M	$67M
Q4 24	$19M	$14M
Q1 25	-$37M	-$41M
Q2 25	-$2M	-$5M
Q3 25	$71M	$67M
Q4 25	$23M	$19M
Q1 26	-$38M	-$43M

Capital Expenditures

Quarter	CapEx
Q2 22	$9M
Q3 22	$9M
Q4 22	$7M
Q1 23	$7M
Q2 23	$7M
Q3 23	$5M
Q4 23	$3M
Q1 24	$5M
Q2 24	$5M
Q3 24	$6M
Q4 24	$6M
Q1 25	$4M
Q2 25	$3M
Q3 25	$4M
Q4 25	$4M
Q1 26	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-8.0%	+2.4%
Q3 22	-4.6%	+2.6%
Q4 22	+18.1%	+19.9%
Q1 23	+16.2%	+23.7%
Q2 23	+6.6%	+9.5%
Q3 23	-8.2%	-5.8%
Q4 23	-50.9%	-35.0%
Q1 24	-22.3%	-19.8%
Q2 24	-13.0%	-7.7%
Q3 24	-7.8%	+2.0%
Q4 24	+9.9%	+25.0%
Q1 25	-22.4%	-7.7%
Q2 25	-4.3%	-7.2%
Q3 25	+4.7%	+0.2%
Q4 25	+28.2%	-3.2%
Q1 26	+30.9%	+12.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$959.0K	0.5%
Q3 22	$1M	0.5%
Q4 22	$983.0K	0.5%
Q1 23	$953.0K	0.5%
Q2 23	$971.0K	0.5%
Q3 23	$218.0K	0.1%
Q4 23	$304.0K	0.3%
Q1 24	$598.0K	0.4%
Q2 24	-$180.0K	-0.1%
Q3 24	$574.0K	0.3%
Q4 24	$300.0K	0.3%
Q1 25	$507.0K	0.5%
Q2 25	$750.0K	0.4%
Q3 25	-$284.0K	-0.2%
Q4 25	$522.0K	0.4%
Q1 26	$806.0K	0.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 22	$7M	$10M	$36M
Q3 22	$7M	$8M	$35M
Q4 22	$7M	$13M	$35M
Q1 23	$8M	$16M	$33M
Q2 23	$8M	$15M	$41M
Q3 23	$8M	$13M	$40M
Q4 23	$8M	$13M	$31M
Q1 24	$8M	$14M	$30M
Q2 24	$8M	$14M	$40M
Q3 24	$7M	$14M	$41M
Q4 24	$8M	$15M	$34M
Q1 25	$8M	$14M	$30M
Q2 25	$8M	$11M	$35M
Q3 25	$8M	$15M	$38M
Q4 25	$9M	$16M	$32M
Q1 26	$8M	—	$34M

Revenue Segments

Quarter	Camping	Diving	Fishing	Watercraft Recreation
Q2 22	$19M	$18M	$129M	$23M
Q3 22	$23M	$22M	$136M	$22M
Q1 23	$12M	$19M	$138M	$10M
Q2 23	$14M	$20M	$155M	$13M
Q3 23	$12M	$22M	$137M	$16M
Q1 24	$6M	$17M	$110M	$5M
Q2 24	$11M	$17M	$138M	$10M
Q3 24	$11M	$20M	$130M	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$113M	$0	$113M
Q3 22	$118M	$0	$118M
Q4 22	$130M	$0	$130M
Q1 23	$103M	$0	$103M
Q2 23	$108M	$0	$108M
Q3 23	$123M	$27M	$149M
Q4 23	$112M	$27M	$139M
Q1 24	$80M	$29M	$110M
Q2 24	$60M	$24M	$84M
Q3 24	$127M	$22M	$148M
Q4 24	$145M	$17M	$162M
Q1 25	$95M	$6M	$102M
Q2 25	$90M	$4M	$94M
Q3 25	$159M	$2M	$161M
Q4 25	$176M	$0	$176M
Q1 26	$131M	$0	$131M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	10M	+0.1%	+0.3%
Q3 22	10M	+0.1%	+0.2%
Q4 22	10M	+0.3%	+0.5%
Q1 23	10M	-0.2%	+0.3%
Q2 23	10M	+0.3%	+0.5%
Q3 23	10M	+0.1%	+0.5%
Q4 23	10M	-0.7%	-0.5%
Q1 24	10M	+0.8%	+0.5%
Q2 24	10M	+0.1%	+0.4%
Q3 24	10M	+0.1%	+0.4%
Q4 24	10M	-0.1%	+0.9%
Q1 25	10M	+0.3%	+0.5%
Q2 25	10M	+0.0%	+0.4%
Q3 25	10M	-1.0%	-0.8%
Q4 25	10M	+1.0%	+0.3%
Q1 26	10M	+0.8%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$95M	2
Q3 22	$102M	2
Q4 22	$98M	2
Q1 23	$89M	2
Q2 23	$101M	2
Q3 23	$94M	2
Q4 23	$48M	2
Q1 24	$69M	2
Q2 24	$88M	2
Q3 24	$86M	2
Q4 24	$53M	2
Q1 25	$54M	2
Q2 25	$84M	2
Q3 25	$90M	2
Q4 25	$68M	2
Q1 26	$70M	2

Revenue / Employee