JO
Johnson Outdoors Inc
JOUT—
Johnson Outdoors Inc AI Insights
Informational only. Not investment advice.Snapshot
- TTM operating loss of -39.6M (-7% margin) vs industry median of -5% - losses deeper than peers despite 563M revenue base[Operating Margin TTM]
- FCF of 34.5M TTM despite net loss of -39.5M - working capital release (35.5M AR reduction) masking operational weakness[Free Cash Flow TTM]
- Trading at 0.78x P/S vs industry median 1.9x with 158.7M cash (36% of market cap) - deep value or value trap[P/S Ratio]
Watch Triggers
- Inventory: Rises above 175M or inventory/revenue exceeds 32% — Would signal demand deterioration and future margin pressure from liquidation
- Operating Margin TTM: Returns to positive territory (>0%) — First sign of turnaround - validates cost cuts or demand recovery
- Dividends Paid Per Share TTM: Cut or suspended — Dividend cut would signal management capitulation but preserve cash
Bull Case
Net cash position (158.7M cash vs 46.9M debt) with P/B of 1.02x provides downside protection - trading near tangible book of 430.7M
Cash and EquivalentsP/B RatioTangible Book Value
FCF positive at 34.5M TTM despite losses - if revenue stabilizes, operating leverage could drive rapid margin recovery
Free Cash Flow TTMOperating Margin TTM
Bear Case
Negative ROIC of -7.5% TTM destroying shareholder value - paying 1.32/share dividend (3.4M annually) while losing 39.5M unsustainable
ROIC TTMDividends Paid Per Share TTMNet Income TTM
Revenue decline (-3.9% 3Y CAGR) with bloated inventory (163.7M) signals potential margin pressure from future markdowns
Total Revenue 3Y GrowthInventory
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Turnaround unlikely without revenue stabilization - 3Y revenue CAGR of -3.9% signals structural demand issues
1-3ymed
- Outdoor recreation spending normalizing post-COVID
- Inventory of 163.7M (29% of revenue) suggests channel destocking
- R&D at 30.9M (5.5% of revenue) insufficient for product refresh
Revenue 3Y CAGR: -3.9% vs industry +5.8%Operating margin: -7% TTM vs prior profitabilityInventory days elevated vs historical
Valuation Context
Caveats
Public Strategies Rankings
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JOUT Fundamentals
Manufacturing → Miscellaneous Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$459.44M | — | ||
$331.72M | — | ||
0.00 | — | ||
$592.41M | -0.1% | — | |
$-3.35 | — | ||
-2.73% | +2.7% | — | |
-5.79% | -1.3% | — | |
$40.23M | +112.1% | — | |
-0.08 | -2.3% | — | |
Beta 5Y (Monthly) | unknown | — |
JOUT Dividend History
55 dividends
2026
$0.330001/08/26$0.3300
2025
$1.320010/10/25$0.3300
07/10/25$0.3300
04/10/25$0.3300
01/10/25$0.3300
2024
$1.320010/09/24$0.3300
07/11/24$0.3300
04/10/24$0.3300
01/10/24$0.3300
2023
$1.260010/12/23$0.3300
07/12/23$0.3100
04/12/23$0.3100
01/11/23$0.3100
2022
$1.210010/12/22$0.3100
07/13/22$0.3000
04/13/22$0.3000
01/12/22$0.3000
2021
$0.930010/14/21$0.3000
07/14/21$0.2100
04/14/21$0.2100
01/13/21$0.2100
2020
$0.720010/08/20$0.2100
07/08/20$0.1700
04/08/20$0.1700
01/08/20$0.1700
2019
$0.590010/10/19$0.1700
07/10/19$0.1400
04/10/19$0.1400
01/09/19$0.1400
2018
$0.360010/09/18$0.1400
04/11/18$0.1200
01/10/18$0.1000
2017
$0.370010/12/17$0.1000
07/11/17$0.0900
04/11/17$0.0900
01/10/17$0.0900
2016
$0.330010/11/16$0.0900
07/12/16$0.0800
04/12/16$0.0800
01/12/16$0.0800
2015
$0.305010/13/15$0.0800
07/14/15$0.0750
04/14/15$0.0750
01/13/15$0.0750
2014
$0.300010/07/14$0.0750
07/08/14$0.0750
04/08/14$0.0750
01/07/14$0.0750
2013
$0.075010/22/13$0.0750
2008
$0.220010/14/08$0.0550
07/08/08$0.0550
04/08/08$0.0550
01/08/08$0.0550
2007
$0.110010/09/07$0.0550
07/10/07$0.0550
JOUT Stock Splits
No stock splits
JOUT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
12/12/25 | 10/03/25 | Unknown | |
08/01/25 | 06/27/25 | 10-Q | |
05/02/25 | 03/28/25 | 10-Q | |
02/03/25 | 12/27/24 | 10-Q | |
12/11/24 | 09/27/24 | 10-K | |
08/05/24 | 06/28/24 | 10-Q | |
05/03/24 | 03/29/24 | 10-Q | |
02/02/24 | 12/29/23 | 10-Q | |
12/08/23 | 09/29/23 | 10-K | |
08/03/23 | 06/30/23 | 10-Q | |
05/05/23 | 03/31/23 | 10-Q | |
02/03/23 | 12/30/22 | 10-Q | |
12/09/22 | 09/30/22 | 10-K | |
08/05/22 | 07/01/22 | 10-Q | |
05/09/22 | 04/01/22 | 10-Q | |
02/04/22 | 12/31/21 | 10-Q | |
12/10/21 | 10/01/21 | 10-K | |
08/09/21 | 07/02/21 | 10-Q | |
05/07/21 | 04/02/21 | 10-Q | |
02/05/21 | 01/01/21 | 10-Q | |
12/11/20 | 10/02/20 | 10-K | |
07/31/20 | 06/26/20 | 10-Q | |
05/05/20 | 03/27/20 | 10-Q | |
01/31/20 | 12/27/19 | 10-Q | |
12/06/19 | 09/27/19 | 10-K | |
08/02/19 | 06/28/19 | 10-Q | |
05/03/19 | 03/29/19 | 10-Q | |
02/04/19 | 12/28/18 | 10-Q | |
12/07/18 | 09/28/18 | 10-K | |
08/07/18 | 06/29/18 | 10-Q | |
05/04/18 | 03/30/18 | 10-Q | |
02/02/18 | 12/29/17 | 10-Q | |
12/08/17 | 09/29/17 | 10-K | |
08/04/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
02/03/17 | 12/30/16 | 10-Q | |
12/13/16 | 09/30/16 | 10-K | |
08/08/16 | 07/01/16 | 10-Q | |
05/06/16 | 04/01/16 | 10-Q | |
02/05/16 | 01/01/16 | 10-Q | |
12/08/15 | 10/02/15 | 10-K | |
08/11/15 | 07/03/15 | 10-Q | |
05/18/15 | 04/03/15 | 10-Q | |
02/06/15 | 01/02/15 | 10-Q | |
12/05/14 | 10/03/14 | 10-K | |
08/06/14 | 06/27/14 | 10-Q | |
05/02/14 | 03/28/14 | 10-Q | |
01/31/14 | 12/27/13 | 10-Q | |
12/06/13 | 09/27/13 | 10-K | |
05/18/15 | 06/28/13 | 10-Q/A | |
08/02/13 | 06/28/13 | 10-Q | |
05/03/13 | 03/29/13 | 10-Q | |
05/18/15 | 03/29/13 | 10-Q/A | |
02/05/13 | 12/28/12 | 10-Q | |
12/11/12 | 09/28/12 | 10-K | |
08/10/12 | 06/29/12 | 10-Q | |
05/04/12 | 03/30/12 | 10-Q | |
02/03/12 | 12/30/11 | 10-Q | |
02/06/13 | 12/30/11 | 10-Q/A | |
12/16/11 | 09/30/11 | 10-K | |
08/10/11 | 07/01/11 | 10-Q | |
05/06/11 | 04/01/11 | 10-Q | |
02/04/11 | 12/31/10 | 10-Q | |
12/09/10 | 10/01/10 | 10-K | |
08/06/10 | 07/02/10 | 10-Q | |
05/10/10 | 04/02/10 | 10-Q | |
02/08/10 | 01/01/10 | 10-Q | |
12/11/09 | 10/02/09 | 10-K | |
08/07/09 | 06/30/09 | 10-Q | |
05/11/09 | 03/31/09 | 10-Q | |
02/09/09 | 12/31/08 | 8-K | |
01/02/09 | 10/03/08 | 10-K | |
08/05/08 | 06/30/08 | Unknown | -- |
05/05/08 | 03/30/08 | Unknown | -- |
02/06/08 | 12/31/07 | 11-K | |
12/12/07 | 09/28/07 | 10-K | |
08/01/07 | 06/30/07 | Unknown | -- |
05/09/07 | 03/31/07 | 10-Q | |
02/07/07 | 12/31/06 | 11-K | |
12/11/06 | 09/29/06 | 10-K | |
08/09/06 | 06/30/06 | 10-Q | |
05/10/06 | 03/30/06 | Unknown | -- |
02/08/06 | 12/31/05 | 11-K | |
12/13/05 | 09/30/05 | 10-K | |
08/10/05 | 06/30/05 | Unknown | -- |
05/11/05 | 03/30/05 | Unknown | -- |
02/09/05 | 12/31/04 | 10-Q | |
12/15/04 | 09/30/04 | Unknown | -- |
08/16/04 | 06/30/04 | Unknown | -- |
05/17/04 | 03/30/04 | Unknown | -- |
02/17/04 | 12/31/03 | 11-K | |
12/29/03 | 09/30/03 | Unknown | -- |
08/11/03 | 06/30/03 | Unknown | -- |
05/12/03 | 03/30/03 | Unknown | -- |
02/10/03 | 12/31/02 | 11-K | |
12/26/02 | 09/30/02 | Unknown | -- |
08/09/02 | 06/30/02 | Unknown | -- |
05/13/02 | 03/30/02 | Unknown | -- |
02/11/02 | 12/31/01 | 11-K | |
12/27/01 | 09/30/01 | Unknown | -- |
08/13/01 | 06/30/01 | Unknown | -- |
05/14/01 | 03/31/01 | 10-Q | |
02/12/01 | 12/31/00 | Unknown | -- |
12/28/00 | 09/30/00 | Unknown | -- |
08/14/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |