Johnson Outdoors Inc
JOUT Nasdaq Sporting & Athletic Goods, Nec Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$592M
0.1%
vs prior year
Operating margin
Operating income as a share of revenue.
−2.7%
4.6 pts
Net income
Profit after all expenses, interest and tax.
−$34.3M
Free cash flow
Cash from operations minus capital spending.
$40.2M
112.1%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−5.3%
6.1 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
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What Johnson Outdoors Inc does
No business description yet.
- Legal name
- JOHNSON OUTDOORS INC
- Fiscal year ends
- October 3, 2025
- Latest annual report
- 10-K · Dec 12, 2025
- Accession · CIK
- 0001140361-25-045348
0000788329
Revenue and margins
Johnson Outdoors Inc had $592M of revenue in fiscal 2025, down 0.1% on the year before.
FY16
Revenue $434M
FY17
Revenue $491M
FY18
Revenue $544M
FY19
Revenue $562M
FY20
Revenue $594M
FY21
Revenue $752M
FY22
Revenue $743M
FY23
Revenue $664M
FY24
Revenue $593M
FY25
Revenue $592M
Q4 '23
Revenue $96.3M
Q1 '24
Revenue $139M
Q2 '24
Revenue $176M
Q3 '24
Revenue $172M
Q4 '24
Revenue $106M
Q1 '25
Revenue $108M
Q2 '25
Revenue $168M
Q3 '25
Revenue $181M
Q4 '25
Revenue $136M
Q1 '26
Revenue $141M
Q2 '26
Revenue $194M
Q3 '26
Revenue $190M
FY16
Gross 40.7%
Operating 5.3%
Net 3.1%
FCF 7.3%
FY17
Gross 43.0%
Operating 9.3%
Net 7.2%
FCF 7.1%
FY18
Gross 44.4%
Operating 11.6%
Net 7.5%
FCF 8.1%
FY19
Gross 44.4%
Operating 11.3%
Net 9.1%
FCF 5.2%
FY20
Gross 44.6%
Operating 12.0%
Net 9.3%
FCF 7.7%
FY21
Gross 44.5%
Operating 14.8%
Net 11.1%
FCF 4.9%
FY22
Gross 36.5%
Operating 8.9%
Net 6.0%
FCF −12.6%
FY23
Gross 36.8%
Operating 1.8%
Net 2.9%
FCF 2.9%
FY24
Gross 33.9%
Operating −7.3%
Net −4.5%
FCF 3.2%
FY25
Gross 35.1%
Operating −2.7%
Net −5.8%
FCF 6.8%
Gross
Operating
Net
FCF
Q4 '23
Gross 29.5%
Operating −23.4%
Net −16.6%
FCF −7.0%
Q1 '24
Gross 38.1%
Operating 0.0%
Net 2.9%
FCF −27.9%
Q2 '24
Gross 34.9%
Operating −0.1%
Net 1.2%
FCF −13.2%
Q3 '24
Gross 35.8%
Operating −0.3%
Net 0.9%
FCF 39.1%
Q4 '24
Gross 23.5%
Operating −40.4%
Net −32.4%
FCF 12.8%
Q1 '25
Gross 29.9%
Operating −18.8%
Net −14.2%
FCF −38.1%
Q2 '25
Gross 35.0%
Operating 2.9%
Net 1.4%
FCF −2.9%
Q3 '25
Gross 37.6%
Operating 4.1%
Net 4.3%
FCF 37.0%
Q4 '25
Gross 36.2%
Operating −6.0%
Net −21.4%
FCF 14.2%
Q1 '26
Gross 36.6%
Operating −2.1%
Net −2.3%
FCF −30.3%
Q2 '26
Gross 38.8%
Operating 5.3%
Net 4.8%
FCF −9.5%
Q3 '26
Gross 45.3%
Operating 9.7%
Net 7.9%
FCF 37.9%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income $13.5M
FY17
Net income $35.2M
FY18
Net income $40.7M
FY19
Net income $51.4M
FY20
Net income $55.2M
FY21
Net income $83.4M
FY22
Net income $44.5M
FY23
Net income $19.5M
FY24
Net income −$26.5M
FY25
Net income −$34.3M
Q4 '23
Net income −$16.0M
Q1 '24
Net income $4.0M
Q2 '24
Net income $2.2M
Q3 '24
Net income $1.6M
Q4 '24
Net income −$34.3M
Q1 '25
Net income −$15.3M
Q2 '25
Net income $2.3M
Q3 '25
Net income $7.7M
Q4 '25
Net income −$29.1M
Q1 '26
Net income −$3.3M
Q2 '26
Net income $9.4M
Q3 '26
Net income $14.9M
FY16
Diluted EPS —
FY17
Diluted EPS —
FY18
Diluted EPS —
FY19
Diluted EPS —
FY20
Diluted EPS —
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 11.7%
Return on equity 6.5%
Return on assets 4.4%
FY17
Return on capital 25.1%
Return on equity 15.6%
Return on assets 10.6%
FY18
Return on capital 31.9%
Return on equity 15.6%
Return on assets 10.9%
FY19
Return on capital 32.4%
Return on equity 17.0%
Return on assets 12.4%
FY20
Return on capital 32.1%
Return on equity 15.7%
Return on assets 11.2%
FY21
Return on capital 37.7%
Return on equity 19.9%
Return on assets 13.7%
FY22
Return on capital 14.0%
Return on equity 9.4%
Return on assets 6.6%
FY23
Return on capital 2.5%
Return on equity 4.0%
Return on assets 2.9%
FY24
Return on capital −11.4%
Return on equity −5.5%
Return on assets −4.0%
FY25
Return on capital −5.3%
Return on equity −7.8%
Return on assets −5.5%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $40.2M in fiscal 2025, 6.8% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $31.7M
FY17
Free cash flow $34.7M
FY18
Free cash flow $44.2M
FY19
Free cash flow $29.1M
FY20
Free cash flow $45.9M
FY21
Free cash flow $36.9M
FY22
Free cash flow −$93.8M
FY23
Free cash flow $19.0M
FY24
Free cash flow $19.0M
FY25
Free cash flow $40.2M
Q4 '23
Free cash flow −$6.7M
Q1 '24
Free cash flow −$38.7M
Q2 '24
Free cash flow −$23.3M
Q3 '24
Free cash flow $67.4M
Q4 '24
Free cash flow $13.5M
Q1 '25
Free cash flow −$41.0M
Q2 '25
Free cash flow −$5.0M
Q3 '25
Free cash flow $66.9M
Q4 '25
Free cash flow $19.2M
Q1 '26
Free cash flow −$42.7M
Q2 '26
Free cash flow −$18.5M
Q3 '26
Free cash flow $71.8M
FY16
Cash from operations $43.4M
Capital spending $11.7M
FY17
Cash from operations $46.4M
Capital spending $11.6M
FY18
Cash from operations $63.4M
Capital spending $19.2M
FY19
Cash from operations $45.8M
Capital spending $16.8M
FY20
Cash from operations $61.5M
Capital spending $15.6M
FY21
Cash from operations $58.3M
Capital spending $21.4M
FY22
Cash from operations −$62.1M
Capital spending $31.7M
FY23
Cash from operations $41.7M
Capital spending $22.7M
FY24
Cash from operations $41.0M
Capital spending $22.0M
FY25
Cash from operations $56.2M
Capital spending $16.0M
Cash from operations
Capital spending
Q4 '23
Cash from operations −$3.5M
Capital spending $3.2M
Q1 '24
Cash from operations −$33.7M
Capital spending $5.0M
Q2 '24
Cash from operations −$18.1M
Capital spending $5.2M
Q3 '24
Cash from operations $73.7M
Capital spending $6.2M
Q4 '24
Cash from operations $19.1M
Capital spending $5.6M
Q1 '25
Cash from operations −$36.9M
Capital spending $4.1M
Q2 '25
Cash from operations −$1.7M
Capital spending $3.3M
Q3 '25
Cash from operations $71.4M
Capital spending $4.4M
Q4 '25
Cash from operations $23.4M
Capital spending $4.1M
Q1 '26
Cash from operations −$38.4M
Capital spending $4.3M
Q2 '26
Cash from operations −$12.3M
Capital spending $6.2M
Q3 '26
Cash from operations $77.7M
Capital spending $5.9M
Cash from operations
Capital spending
Dividends, buybacks and share count
Johnson Outdoors Inc returned $13.6M to shareholders in fiscal 2025, 34% of free cash flow. The diluted share count rose 0.4%.
FY16
Dividends $3.2M
Buybacks $1.5M
FY17
Dividends $3.6M
Buybacks $0.7M
FY18
Dividends $4.4M
Buybacks $0.7M
FY19
Dividends $5.6M
Buybacks $0.7M
FY20
Dividends $6.8M
Buybacks $0.5M
FY21
Dividends $8.4M
Buybacks $0.5M
FY22
Dividends $12.1M
Buybacks $0.5M
FY23
Dividends $12.6M
Buybacks $0.4M
FY24
Dividends $13.4M
Buybacks $0.4M
FY25
Dividends $13.5M
Buybacks $0.1M
Dividends
Buybacks
Q4 '23
Dividends $3.1M
Buybacks −$0.5M
Q1 '24
Dividends $3.3M
Buybacks $0.2M
Q2 '24
Dividends $3.4M
Buybacks $0.0M
Q3 '24
Dividends $3.4M
Buybacks $0.0M
Q4 '24
Dividends $3.4M
Buybacks $0.2M
Q1 '25
Dividends $3.4M
Buybacks $0.1M
Q2 '25
Dividends $3.4M
Buybacks $0.0M
Q3 '25
Dividends $3.4M
Buybacks $0.0M
Q4 '25
Dividends $3.4M
Buybacks $0.0M
Q1 '26
Dividends $3.4M
Buybacks $0.1M
Q2 '26
Dividends $3.4M
Buybacks $0.0M
Q3 '26
Dividends $3.4M
Buybacks $0.0M
Dividends
Buybacks
FY16
Diluted shares 0.01B
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares 0.01B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably Johnson Outdoors Inc can carry it.
FY16
Cash $87.3M
Debt $7.4M
FY17
Cash $110M
Debt $0.0M
FY18
Cash $151M
Debt $0.0M
FY19
Cash $172M
Debt $0.0M
FY20
Cash $212M
Debt $0.0M
FY21
Cash $240M
Debt $0.0M
FY22
Cash $130M
Debt $0.0M
FY23
Cash $139M
Debt $0.0M
FY24
Cash $162M
Debt $0.0M
FY25
Cash $176M
Debt $0.0M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $240M | $130M | $139M | $162M | $176M |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net debt / EBITDA | −1.9x | −1.6x | −4.9x | — | −39.8x |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | 767.5x | 433.4x | 77.2x | −286.3x | −72.3x |
| Current ratio | 3.6x | 4.2x | 4.4x | 4.7x | 3.9x |
| Quick ratio | 2.4x | 2.0x | 1.9x | 2.4x | 2.3x |
| Total assets | $674M | $680M | $682M | $635M | $604M |
| Total liabilities | $216M | $192M | $182M | $172M | $186M |
| Shareholders' equity | $459M | $488M | $500M | $463M | $418M |
| Net debt (− = net cash) | −$240M | −$130M | −$139M | −$162M | −$176M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Current ratio rose | — | ✕ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ |
| Revenue rose relative to assets | — | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ |
| F-score | — / 3 | 6 / 9 | 6 / 9 | 4 / 9 | 5 / 9 | 4 / 9 | 2 / 9 | 5 / 9 | 3 / 9 | 4 / 9 |
| Accruals ratio | −9.6% | −3.4% | −6.1% | 1.3% | −1.3% | 4.1% | 15.7% | −3.3% | −10.3% | −14.6% |
| Altman Z'' | 6.88 | 7.62 | 8.45 | 9.41 | 8.41 | 8.57 | 8.78 | 8.37 | 7.76 | 7.23 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $434M | $491M | $544M | $562M | $594M | $752M | $743M | $664M | $593M | $592M |
| Gross profit | $176M | $211M | $242M | $250M | $265M | $334M | $271M | $244M | $201M | $208M |
| Research and development | $18.4M | $19.2M | $20.4M | $21.9M | $24.6M | $25.7M | $27.7M | $31.4M | $31.1M | $32.2M |
| Operating income | $22.9M | $45.6M | $63.0M | $63.8M | $71.1M | $111M | $66.3M | $11.7M | −$43.5M | −$16.2M |
| Interest expense | $0.7M | $0.8M | $0.2M | $0.2M | $0.1M | $0.1M | $0.2M | $0.2M | $0.2M | $0.2M |
| Pretax income | $23.7M | $48.2M | $68.1M | $66.5M | $73.7M | $113M | $58.9M | $25.8M | −$29.9M | −$9.3M |
| Income tax | $10.2M | $13.1M | $27.4M | $15.1M | $18.5M | $29.5M | $14.4M | $6.3M | −$3.3M | $25.0M |
| Net income | $13.5M | $35.2M | $40.7M | $51.4M | $55.2M | $83.4M | $44.5M | $19.5M | −$26.5M | −$34.3M |
| Net income to common | — | — | — | — | — | — | $44.3M | $19.4M | −$26.5M | −$34.3M |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | $43.4M | $46.4M | $63.4M | $45.8M | $61.5M | $58.3M | −$62.1M | $41.7M | $41.0M | $56.2M |
| Capital expenditure | $11.7M | $11.6M | $19.2M | $16.8M | $15.6M | $21.4M | $31.7M | $22.7M | $22.0M | $16.0M |
| Free cash flow | $31.7M | $34.7M | $44.2M | $29.1M | $45.9M | $36.9M | −$93.8M | $19.0M | $19.0M | $40.2M |
| Depreciation and amortization | $11.8M | $13.1M | $13.1M | $14.0M | $14.9M | $13.4M | $14.2M | $16.3M | $19.6M | $20.6M |
| Stock-based compensation | $1.8M | $2.0M | $2.3M | $2.3M | $2.7M | $4.2M | $4.1M | $2.4M | $1.3M | $1.5M |
| Acquisitions | $9.2M | $0.0M | $0.0M | — | — | — | — | — | — | — |
| Share buybacks | $1.5M | $0.7M | $0.7M | $0.7M | $0.5M | $0.5M | $0.5M | $0.4M | $0.4M | $0.1M |
| Dividends paid | $3.2M | $3.6M | $4.4M | $5.6M | $6.8M | $8.4M | $12.1M | $12.6M | $13.4M | $13.5M |
| Dividends and buybacks | $4.7M | $4.2M | $5.0M | $6.3M | $7.2M | $8.9M | $12.6M | $13.0M | $13.9M | $13.6M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $87.3M | $110M | $151M | $172M | $212M | $240M | $130M | $139M | $162M | $176M |
| Total debt | $7.4M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $202M | $241M | $286M | $323M | $389M | $491M | $480M | $459M | $429M | $409M |
| Current liabilities | $67.7M | $84.1M | $92.8M | $87.9M | $106M | $138M | $115M | $104M | $90.4M | $105M |
| Inventory | $68.4M | $79.1M | $88.9M | $94.3M | $97.4M | $167M | $249M | $261M | $210M | $171M |
| Property and equipment, net | $49.0M | $48.9M | $55.9M | $59.5M | $63.0M | $71.5M | $89.1M | $94.4M | $96.9M | $93.7M |
| Goodwill | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $11.2M | $0.0M | $10.5M |
| Intangible assets | $14.5M | $13.5M | $12.3M | $11.4M | $9.1M | $8.6M | $8.4M | $8.5M | $8.3M | $9.5M |
| Total assets | $310M | $354M | $396M | $436M | $546M | $674M | $680M | $682M | $635M | $604M |
| Total liabilities | $103M | $111M | $117M | $112M | $168M | $216M | $192M | $182M | $172M | $186M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $207M | $243M | $279M | $325M | $378M | $459M | $488M | $500M | $463M | $418M |
| Margins | ||||||||||
| Gross margin | 40.7% | 43.0% | 44.4% | 44.4% | 44.6% | 44.5% | 36.5% | 36.8% | 33.9% | 35.1% |
| Operating margin | 5.3% | 9.3% | 11.6% | 11.3% | 12.0% | 14.8% | 8.9% | 1.8% | −7.3% | −2.7% |
| EBITDA margin | 8.0% | 12.0% | 14.0% | 13.8% | 14.5% | 16.6% | 10.8% | 4.2% | −4.0% | 0.7% |
| Net margin | 3.1% | 7.2% | 7.5% | 9.1% | 9.3% | 11.1% | 6.0% | 2.9% | −4.5% | −5.8% |
| FCF margin | 7.3% | 7.1% | 8.1% | 5.2% | 7.7% | 4.9% | −12.6% | 2.9% | 3.2% | 6.8% |
| Returns | ||||||||||
| Return on capital | 11.7% | 25.1% | 31.9% | 32.4% | 32.1% | 37.7% | 14.0% | 2.5% | −11.4% | −5.3% |
| Return on capital employed | 9.4% | 16.9% | 20.8% | 18.3% | 16.1% | 20.7% | 11.7% | 2.0% | −8.0% | −3.2% |
| Return on equity | 6.5% | 15.6% | 15.6% | 17.0% | 15.7% | 19.9% | 9.4% | 4.0% | −5.5% | −7.8% |
| Return on assets | 4.4% | 10.6% | 10.9% | 12.4% | 11.2% | 13.7% | 6.6% | 2.9% | −4.0% | −5.5% |
| Return on tangible equity | 7.4% | 16.1% | 15.9% | 17.0% | 15.4% | 19.0% | 9.5% | 4.0% | −5.8% | −8.6% |
| Growth | ||||||||||
| Revenue growth | — | 13.1% | 10.9% | 3.3% | 5.7% | 26.5% | −1.1% | −10.7% | −10.7% | −0.1% |
| Net income growth | — | 160.4% | 15.7% | 26.4% | 7.4% | 51.0% | −46.6% | −56.1% | −235.8% | — |
| FCF growth | — | 9.5% | 27.3% | −34.3% | 57.9% | −19.6% | −354.2% | — | −0.4% | 112.1% |
| Share count change | — | 0.7% | 0.8% | 0.3% | 0.4% | 0.6% | 0.3% | 0.4% | 0.3% | 0.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | −2.3x | −1.9x | −2.0x | −2.2x | −2.5x | −1.9x | −1.6x | −4.9x | — | −39.8x |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | 31.5x | 60.2x | 310.4x | 370.8x | 497.0x | 767.5x | 433.4x | 77.2x | −286.3x | −72.3x |
| Current ratio | 3.0x | 2.9x | 3.1x | 3.7x | 3.7x | 3.6x | 4.2x | 4.4x | 4.7x | 3.9x |
| Quick ratio | 2.0x | 1.9x | 2.1x | 2.6x | 2.8x | 2.4x | 2.0x | 1.9x | 2.4x | 2.3x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.7% | 2.4% | 3.5% | 3.0% | 2.6% | 2.8% | 4.3% | 3.4% | 3.7% | 2.7% |
| Stock comp / revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% | 0.6% | 0.6% | 0.4% | 0.2% | 0.3% |
| Payouts / FCF | 14.7% | 12.2% | 11.4% | 21.6% | 15.8% | 24.1% | — | 68.2% | 73.1% | 33.9% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 6.0 | 6.0 | 4.0 | 5.0 | 4.0 | 2.0 | 5.0 | 3.0 | 4.0 |
| Altman Z'' | 6.9 | 7.6 | 8.4 | 9.4 | 8.4 | 8.6 | 8.8 | 8.4 | 7.8 | 7.2 |
| Accruals ratio | −9.6% | −3.4% | −6.1% | 1.3% | −1.3% | 4.1% | 15.7% | −3.3% | −10.3% | −14.6% |
Source: SEC EDGAR XBRL filings (CIK 0000788329). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.