Janus Henderson Sustainable & Impact Core Bond ETF

JACK Consumer Cyclical Restaurants

Janus Henderson Sustainable & Impact Core Bond ETF’s revenue for fiscal 2025 (year ended September 2025) was $1.5 billion, down 6.75% from fiscal 2024. In the quarter to June 2026, revenue fell 1.81%, EPS fell 10.3%, free cash flow grew 14.1% and total debt fell 13.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

12.19 0.47 −3.71%
Market cap
$242.8M
P/E
7.0×
Fwd P/E
4.5×
Dividend yield
0.00%
F-score
5/9
Altman Z
1.46
Beneish M
−2.86
Dividend safety
41/100

Insider Decisions trades per month

Total buys 0.17
Total sells 0.85
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 2 — — — — — 1 — — — — —
Sell 2 17 1 — — — 5 1 1 1 1 1
Insider Ownership 13.40%

Capital & Financial Ratios $m

Market Cap 242.81
Revenue 1,427.56
Net Income 33.71
Free Cash Flow 60.15
Net Debt 1,401.06
Current Ratio 0.58 (below 1: weak)
Debt/Equity (1.63) (negative: negative equity)
P/E ratio 7.01
Fwd P/E 4.51
P/S ratio 0.17
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth (28.78%) (below 0%: weak)
Next Y EPS Growth (1.29%) (below 0%: weak)
Next Y revenue growth (23.84%) (below 0%: weak)
Next 5Y EPS Growth (9.08%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 2.33%
10-year low 10-year high
P/S against its own 10 years 1.55%
10-year low 10-year high
EV/Sales against its own 10 years 0.11%
10-year low 10-year high
EV/FCF against its own 10 years 41.47%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2027 Powerpack
2026 Powerpack
2025 0.88
0.44
2024 1.76
0.44
0.44
0.44
0.44
2023 1.76
0.44
0.44
0.44
0.44
2022 1.76
0.44
0.44
0.44
0.44
2021 1.72
0.40
0.44
0.44
0.44
2020 1.20
0.40
0.40
0.40
2019 1.60
0.40
0.40
0.40
0.40
2018 1.60
0.40
0.40
0.40
0.40
2017 1.60
0.40
0.40
0.40
0.40
2016 1.30
0.30
0.30
0.30
0.40
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 186 54 82 72
Receivables 100 84 90 107
Inventory 4 4 4 2
Other 20 26 28 25
326 181 220 214
2023 2024 2025 Q'26
Payables 85 69 71 51
ST’ Debt 30 36 29 44
Other — — — —
560 434 431 369

Compound Annual Growth %

10y 5y 3y
Sales (0.50%) 7.48% (0.06%)
Cash Flow (3.29%) 2.50% (0.11%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue $m

Dec Mar Jun Sep Year
’26 350 254 258 — —
’25 371 266 262 566 1,465
’24 487 365 369 349 1,571
’23 527 396 397 373 1,692
’22 345 322 398 403 1,468
’21 339 257 269 278 1,144
’20 308 216 242 255 1,022
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 31 (13) 39 — —
’25 102 (41) 57 44 162
’24 (23) 17 45 30 69
’23 62 32 88 33 215
’22 34 34 36 59 163
’21 62 16 71 51 201
’20 23 36 31 53 144
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 18 (21) 42 — —
’25 80 (44) 37 21 94
’24 (61) 7 37 20 3
’23 61 20 70 30 180
’22 27 22 25 73 148
’21 59 0 61 52 172
’20 36 32 28 51 147
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 (0.13) 0.53 1.03 — —
’25 1.75 (7.47) 1.15 0.30 (4.24)
’24 1.93 1.26 (6.26) 1.12 (1.87)
’23 2.54 1.27 1.41 1.08 6.30
’22 1.85 0.37 1.08 2.17 5.45
’21 2.21 1.58 1.79 1.80 7.37
’20 0.33 0.50 1.42 1.64 3.86
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 61.78 90.89 74.19 70.77 16.81 77.13 54.80 60.43 38.12 13.99

Analyst estimates 2026–2028

Powerpack
High 113.30 113.00 102.45 93.12 97.15 124.53 96.87 99.56 86.20 44.15
People
People Employees 22,200 16,600 5,200 5,200 5,200 5,300 12,083 9,523 8,168 5,046
Revenue/emp, $m 0.05 0.07 0.17 0.18 0.20 0.22 0.12 0.18 0.19 0.29
Income, $m
Income, $m Revenue 1,162 1,097 870 950 1,022 1,144 1,468 1,692 1,571 1,465
Gross margin, % 36.58 36.93 42.54 36.30 34.70 35.99 29.52 30.03 30.10 29.07
EBT 167 204 186 116 122 222 162 189 (4) (103)
EBT margin, % 14.39 18.58 21.39 12.19 11.95 19.38 11.03 11.19 (0.28) (7.02)
Net income 124 135 121 94 90 166 116 131 (37) (81)
Depreciation 76 71 63 60 61 56 66 72 70 70
Per share, $
Per share, $ Revenue 34.45 35.82 30.52 36.79 44.17 51.05 69.27 82.14 80.28 76.90
Earnings 3.68 4.37 4.26 3.66 3.88 7.40 5.46 6.35 (1.87) (4.24)
Cash flow 3.10 4.36 3.65 6.52 6.21 8.98 7.68 10.44 3.52 8.52
Capex (1.26) (1.18) (0.97) (1.47) 0.14 (1.31) (0.72) (1.69) (3.38) (3.59)
Free cash flow 1.84 3.19 2.68 5.05 6.35 7.67 6.96 8.75 0.13 4.93
Book value (6.44) (12.67) (20.76) (28.56) (34.31) (36.51) (34.73) (34.87) (43.52) (49.24)
Shares, m 34 31 28 26 23 22 21 21 20 19
Valuation, ×
Valuation, × P/E 26.00 22.66 19.38 24.90 19.49 14.38 15.76 13.45 0.00 0.00
P/S 2.78 2.81 2.72 2.48 1.97 2.05 1.03 0.90 0.58 0.26
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 3.62 3.85 3.95 3.66 3.20 3.18 2.14 1.90 1.65 1.37
EV/FCF 67.92 43.23 44.87 26.65 18.53 26.86 24.91 19.89 991.59 21.32
Cash, $m
Cash, $m Operating cash flow 104 134 104 168 144 201 163 215 69 162
Capex (42) (36) (28) (38) 3 (29) (15) (35) (66) (68)
Free cash flow 62 98 76 130 147 172 148 180 3 94
Balance, $m
Balance, $m Working capital (123) (123) (89) 69 (5) (160) (239) (234) (253) (210)
Total debt 991 1,144 1,070 1,275 1,378 1,274 1,830 1,755 1,735 1,704
Net debt 974 1,140 1,067 1,124 1,141 1,201 1,694 1,569 1,681 1,622
Shareholders’ equity (217) (388) (592) (738) (793) (818) (736) (718) (852) (938)
Returns, %
Returns, % ROA 9.37 10.49 11.79 10.60 6.27 9.07 4.96 4.42 (1.28) (3.03)
ROIC 15.81 20.41 30.69 32.74 41.48 47.33 16.21 20.48 6.22 (1.65)
ROE (123.30) (44.71) (24.77) (14.21) (11.73) (20.57) (14.90) (17.99) 4.67 9.02
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Janus Henderson Sustainable & Impact Core Bond ETF vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BH.A Biglari Holdings Inc. $491.2M — (loss-making) — (loss-making) −1.19% (below 0%: shrinking) −18.71% (below 0%: shrinking) −73.82% (below 0%: shrinking) 30.05% 0.00% Compare
KRUS Kura Sushi USA, Inc. $475.3M — (loss-making) — (loss-making) +16.17% (above 0%: growing) −40.00% (below 0%: shrinking) +46.90% (above 0%: growing) 11.94% (0.05%) Compare
DIN DINE BRANDS GLOBAL, INC. $417.8M 65.3× 8.5× +4.38% (above 0%: growing) −60.67% (below 0%: shrinking) −97.04% (below 0%: shrinking) 37.86% 13.16% Compare
NATH Nathan's Famous, Inc. $417.5M 20.9× 24.9× +15.03% (above 0%: growing) −0.92% (below 0%: shrinking) +363.28% (above 0%: growing) 32.63% 23.43% Compare
BRCB Black Rock Coffee Bar, Inc. $414.1M — (loss-making) 31.3× +25.01% (above 0%: growing) — −27.71% (below 0%: shrinking) 73.07% 6.51% Compare
PTLO Portillo's Inc. $363.8M 24.6× 19.4× +5.57% (above 0%: growing) −23.08% (below 0%: shrinking) +13.07% (above 0%: growing) 65.03% 6.92% Compare
JACK Janus Henderson Sustainable & Impact Core Bond ETF $242.8M 7.0× 4.5× −1.81% (below 0%: shrinking) −10.34% (below 0%: shrinking) +14.13% (above 0%: growing) 30.02% 20.49%
RICK RCI Hospitality Holdings, Inc. $199.9M — (loss-making) 6.6× +3.93% (above 0%: growing) +80.43% (above 0%: growing) −3.55% (below 0%: shrinking) 86.90% 17.54% Compare
RRGB Red Robin Gourmet Burgers, Inc. $172.8M — (loss-making) — (loss-making) −2.14% (below 0%: shrinking) −90.91% (below 0%: shrinking) +107.19% (above 0%: growing) 16.25% 2.25% Compare
Median of peers $415.8M 24.6× 19.4× +4.98% −23.08% +4.76% 35.25% 6.72%

All 56 Restaurants stocks →

Janus Henderson Sustainable & Impact Core Bond ETF (JACK) key facts

  • Concern: Janus Henderson Sustainable & Impact Core Bond ETF’s revenue for fiscal 2025 (year ended September 2025) was $1.5 billion, down 6.75% from fiscal 2024.
  • Janus Henderson Sustainable & Impact Core Bond ETF (JACK) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, JACK traded at $12.19, a market capitalization of $242.8 million.
  • Return on equity was 9.02% and debt-to-equity -1.63.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.46 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Janus Henderson Sustainable & Impact Core Bond ETF (JACK) Latest News

23 Sep

stockrow.com/JACK · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com