Johnson Outdoors Inc.

JOUT Consumer Cyclical Leisure

Johnson Outdoors Inc.’s revenue for fiscal 2025 (year ended September 2025) was $592.4 million, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 5.02%, EPS grew 89.3% and free cash flow grew 7.34%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

43.44 0.03 +0.07%
Market cap
$450.2M
P/E
0.0×
Fwd P/E
59.8×
Dividend yield
3.04%
F-score
5/9
Altman Z
3.58
Beneish M
−3.06
Dividend safety
57/100
Sep '16 Sep '17 Sep '18 Sep '19 Sep '20 Sep '21 Sep '22 Sep '23 Sep '24 Sep '25
P/E ratio
26.94 21.05 22.96 11.46 15.00 12.89 11.74 28.74 0.00 0.00
Piotroski F-Score
— 7 7 5 6 5 3 6 4 5
Altman Z-Score
4.86 6.93 7.95 6.35 5.84 6.02 4.51 4.33 3.45 3.58
P/S ratio
0.83 1.48 1.70 1.04 1.38 1.42 0.70 0.84 0.62 0.70
Altman Z″-Score (non-manufacturers)
6.88 7.62 8.45 9.41 8.41 8.57 8.78 8.37 7.76 7.23
P/FCF ratio
11.24 20.84 20.32 20.10 17.90 28.86 0.00 16.32 17.44 10.30
P/Operating CF
21.69 35.59 35.11 19.36 22.87 1,507.84 21.40 (158.88) 19.39 17.72
Beneish M-Score
(2.96) (2.57) (2.94) (2.33) (1.92) (2.21) (1.28) (3.13) (3.03) (3.06)
Dividend Safety Score
— — — — — — — — — 57
P/B ratio
1.72 3.00 3.31 1.80 2.17 2.33 1.06 1.11 0.80 0.99
Price to Tangible BV
1.97 3.34 3.62 1.94 2.30 2.43 1.11 1.16 0.81 1.04
EV/Sales
0.64 1.27 1.43 0.74 1.03 1.11 0.53 0.64 0.36 0.41
EV/EBITDA
7.98 10.57 10.23 5.38 7.14 6.66 4.90 15.05 0.00 53.94
EV/Operating CF
6.40 13.45 12.30 9.12 10.00 14.25 (6.35) 10.13 5.21 4.33
EV/FCF
8.73 17.83 17.12 14.36 13.39 22.50 (4.21) 12.41 10.06 6.05
Quick Ratio
1.90 1.87 2.06 2.47 2.65 2.27 1.93 1.75 2.24 2.17
Current Ratio
2.99 2.86 3.08 3.67 3.68 3.57 4.19 4.41 4.74 3.91
Net Debt/EBITDA
(2.29) (1.87) (1.98) (2.22) (2.47) (1.93) (1.61) (4.94) 6.79 (39.07)
Debt/Assets
2.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt/Equity
0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Asset Turnover
1.42 1.48 1.45 1.35 1.21 1.23 1.10 0.98 0.90 0.96
Operating CF/Net income
3.22 1.32 1.56 0.90 1.12 0.70 (1.40) 2.14 (1.54) (1.64)
Capex/Depreciation
(0.97) (0.85) (1.36) (1.20) (1.04) (1.59) (2.22) (0.47) (1.01) (0.77)
Interest Coverage
31.49 60.23 310.45 370.78 496.99 767.47 433.40 77.24 (286.33) (72.28)
ROE
6.66% 15.61% 15.58% 16.96% 15.66% 19.86% 9.36% 3.96% (5.51%) (7.78%)
ROA
4.43% 10.59% 10.85% 12.30% 11.20% 13.61% 6.55% 2.87% (4.03%) (5.53%)
ROIC
11.21% 21.49% 30.63% 26.20% 26.81% 31.90% 11.57% 2.03% (9.03%) (4.18%)
Return on Tangible Assets
7.37% 17.09% 16.34% 17.40% 15.90% 19.53% 9.75% 4.35% (6.10%) (8.62%)
Average Days of Receivables
34.94 34.83 27.41 28.88 41.33 34.63 45.13 23.73 25.03 31.09
Research and Development Expense of Revenue
4.25% 3.91% 3.76% 3.90% 4.14% 3.42% 3.73% 4.73% 5.25% 5.44%
Selling, General and Administrative Expense of Revenue
29.73% 29.80% 29.10% 29.17% 28.49% 26.23% 23.85% 30.27% 34.11% 32.42%
Intangible Assets out of Total Assets
0.08 0.07 0.06 0.05 0.04 0.03 0.03 0.03 0.01 0.03
Share Based Compensation of Revenue
0.42% 0.40% 0.42% 0.42% 0.45% 0.55% 0.56% 0.37% 0.22% 0.25%
Graham Net Nets
0.28 0.18 0.18 0.36 0.27 0.26 0.56 0.50 0.69 0.54
Graham Number
25.31 43.99 50.59 61.10 68.04 91.68 68.86 45.82 0.00 0.00
Earnings Yield
3.71% 4.75% 4.35% 8.73% 6.67% 7.76% 8.52% 3.48% (7.18%) (8.29%)
Free Cash Flow Yield
8.90% 4.80% 4.92% 4.98% 5.59% 3.46% (18.07%) 6.13% 5.73% 9.70%
Revenue per Share
44.08 49.62 54.74 56.28 59.22 74.60 73.45 65.24 58.00 57.72
Operating CF per Share
4.41 4.69 6.37 4.59 6.13 5.79 (6.14) 4.10 4.01 5.48
Capex per Share
(1.18) (1.15) (1.79) (1.67) (1.55) (2.12) (3.13) (0.75) (1.93) (1.56)
Free Cash Flow per Share
3.24 3.53 4.58 2.91 4.58 3.67 (9.27) 3.34 2.08 3.92
Cash per Share
8.87 11.17 15.15 17.25 21.17 23.86 12.83 13.62 15.85 17.19
Shareholders Equity per Share
21.09 24.58 28.08 32.47 37.68 45.50 48.22 49.11 45.34 40.77
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
21.09 24.58 28.08 32.47 37.68 45.50 48.22 49.11 45.34 40.77
Free Cash Flow
31.85 34.95 45.51 29.12 45.91 36.94 (93.82) 34.04 21.21 40.23
Working Capital
134.31 156.77 192.91 234.66 282.93 353.69 365.60 354.65 338.28 304.15
Capital Expenditures
(11.59) (11.40) (17.84) (16.72) (15.59) (21.38) (31.68) (7.68) (19.77) (15.97)
Net Current Asset Value
99.19 130.19 168.96 210.62 220.61 275.48 288.40 276.79 256.94 223.10
EV/EBIT
12.14 13.67 12.37 6.56 8.65 7.47 5.96 35.98 0.00 0.00
Capex to Sales
0.03 0.02 0.03 0.03 0.03 0.03 0.04 0.01 0.03 0.03
Price to Operating Income
15.63 15.97 14.67 9.18 11.56 9.58 7.83 47.33 0.00 0.00
Other line items
Depreciation/Fixed assets
0.24 0.27 0.24 0.24 0.24 0.19 0.16 0.17 0.20 0.22
Cash ROIC
10.54% 9.89% 10.59% 5.86% 7.77% 5.28% (15.19%) 5.33% 3.39% 6.76%
Accounts Receivable Turnover
10.05 11.11 12.41 13.18 10.63 10.85 9.11 9.83 14.15 13.01
Accounts Payable Turnover
9.71 9.95 9.19 9.69 9.72 8.88 8.54 8.70 9.94 10.09
Inventory Turnover
3.47 3.79 3.60 3.41 3.43 3.16 2.27 1.65 1.66 2.02
Average Days of Payables
34.79 41.36 41.23 35.48 41.38 49.61 41.60 37.17 33.60 38.07
Days of Inventory on Hand
97.04 103.31 107.26 110.08 108.03 145.65 192.27 227.36 195.41 162.14
Average Receivables
43.16 44.17 43.84 42.69 55.90 69.31 81.62 67.54 41.90 45.55
Average Payables
26.49 28.10 32.92 32.28 33.86 47.04 55.27 48.27 39.41 38.08
Average Inventory
74.16 73.77 84.01 91.58 95.87 132.03 207.63 255.06 235.63 190.26
Average Assets
304.74 331.97 374.80 416.19 491.24 610.16 677.11 680.77 658.41 619.66
Average Common Equity
202.73 225.25 261.10 301.87 351.32 418.30 473.26 493.88 481.58 440.92

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Columns are period end dates