JOUTNasdaqSporting & Athletic Goods, NECFiscal year ends October 2
JOHNSON OUTDOORS INC
Financials through Q3 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 7, 2026
$42.66−0.78 (-1.80%)
Close on Oct 19, 2026
- Market cap
- $443.15M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
35.1%−9.5 pts over 5 years
Operating margin
-2.7%−14.7 pts over 5 years
Net margin
-5.8%−15.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.1% | -7.3% | -0.1% | +3.2% | |
| Gross profit | +3.5% | -8.5% | -4.7% | +1.9% | |
| Free cash flow | +112.1% | – | -2.6% | +18.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 6.7% | 15.7% | -7.8% | |
| Return on assets | 4.4% | 11.2% | -5.5% | |
| Current ratio | 2.99 | 3.68 | 3.91 | |
| Debt to equity | 0.04 | – | – | |
| Net debt to EBITDA | -2.30× | – | – | |
| Interest coverage | 31.5× | 497.0× | -72.3× | |
| Inventory turnover | 3.5× | 3.4× | 2.0× | |
| Capex to revenue | 2.7% | 2.6% | 2.7% | |
| Diluted shares | 10M | 10M | 10M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Johnson Outdoors generated $259.37M from operations and spent $175.71M on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$259.37M
Used
$175.71M
Capital expenditure$113.76M65%Dividends$59.95M34%Share buybacks$2.01M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-5.8%
×Asset turnover0.96×
×Equity multiplier1.41×
=Return on equity, FY2025-7.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -5.8% | 0.96× | 1.41× | -7.8% |
| FY2024 | -4.5% | 0.90× | 1.37× | -5.5% |
| FY2023 | 2.9% | 0.98× | 1.38× | 4.0% |
| FY2022 | 6.0% | 1.10× | 1.43× | 9.4% |
| FY2021 | 11.1% | 1.23× | 1.46× | 19.9% |
| FY2020 | 9.3% | 1.21× | 1.40× | 15.7% |
| FY2019 | 9.1% | 1.35× | 1.38× | 17.0% |
| FY2018 | 7.5% | 1.45× | 1.44× | 15.6% |
| FY2017 | 7.2% | 1.48× | 1.47× | 15.6% |
| FY2016 | 3.1% | 1.42× | 1.50× | 6.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$34.29M
- Cash generatingOperating cash flow above zero$56.21M
- Return on assets improvedROA up on the prior year-3.9% → -5.4%
- Earnings backed by cashOperating cash flow above net income$56.21M vs -$34.29M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.74 → 3.91
- No dilutionShare count did not rise10M → 10M
- Gross margin improvedGross margin up on the prior year33.90% → 35.13%
- More efficientAsset turnover rose0.87 → 0.93