# Janus International Group, Inc. (JBI)

> Source: Nexqual · https://nexqual.com/JBI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Janus International Group, Inc. (JBI), nexqual.com/JBI" · informational, not investment advice.

**Price:** USD 4.52 (+5.85% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 4.27 · day 4.26–4.52 · 52w 4.01–10.32 · market cap $617M · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $902M, net income $33.2M (3.7% margin), free cash flow $82.5M (SEC filings).
- Valuation: P/E 18.6x (avg 15.7x at the last 3 fiscal year-ends), EV/EBITDA 7.5x, net debt $424M.
- Earnings quality: non-operating income -$34.4M vs operating income $83.9M over the last four quarters; P/E excluding non-operating income ≈11.0x (estimate: non-operating income taxed at the company's 32.9% effective rate).
- Analysts: Buy (mean 2.20 on a 1–5 scale) (5 analysts), mean target USD 7.42 (range 4.5–9).
- Total return with dividends: 1Y -55.5% vs S&P 500 +14.9%; 5Y -66.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.18, revenue estimate $235M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $750M | $1.02B | $1.07B | $964M | $884M | $902M |
| Gross profit | $251M | $365M | $450M | $398M | $343M | — |
| Operating income | $92.3M | $188M | $246M | $147M | $112M | $83.9M |
| Net income | $43.8M | $108M | $136M | $70.4M | $53.8M | $33.2M |
| EPS (diluted) | $0.40 | $0.73 | $0.92 | $0.49 | $0.38 | — |
| Free cash flow | $54.9M | $79.7M | $196M | $134M | $114M | $82.5M |
| Gross margin | 33.5% | 35.8% | 42.2% | 41.3% | 38.8% | — |
| Operating margin | 12.3% | 18.4% | 23.0% | 15.2% | 12.6% | 9.3% |
| Net margin | 5.8% | 10.6% | 12.7% | 7.3% | 6.1% | 3.7% |
| Revenue growth | +36.6% | +35.9% | +4.6% | -9.6% | -8.3% | — |
| Cash + short-term investments | $13.2M | $78.4M | $172M | $149M | $194M | — |
| Total debt | $722M | $715M | $627M | $602M | $553M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/E 18.6x · P/E ex non-operating (est.) ≈11.0x · P/S 0.7x · EV/EBITDA 7.5x · EV/Sales 1.1x · P/FCF 7.5x · P/B 1.1x · FCF yield 13.38% · Earnings yield 5.38% · Buyback yield (TTM) 2.97% · Net debt $424M · EV $1.04B
P/E at fiscal year-ends: Jan 2026 17.8x, Dec 2024 15.1x, Dec 2023 14.1x.

## Analysts
Consensus Buy (mean 2.20 on a 1–5 scale), 5 analysts; mean target USD 7.42 (low 4.5, high 9).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-12 | UBS | Target lowered | Neutral | $6 → $5.6 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -55.5% | -66.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -55.6% | -19.4% |
| Volatility (annualized) | 52.0% | 45.5% |
| Max drawdown | -59.9% (Oct 2025→Sep 2026) | -72.9% (Feb 2024→Oct 2026) |

## Peers (Building Products & Equipment)
LMB (Limbach Holdings, Inc.) USD 47.55 -1.63% · SWIM (Latham Group, Inc.) USD 6.54 +3.65% · NPKI (NPK International Inc.) USD 10.76 -2.98% · APOG (Apogee Enterprises, Inc.) USD 44.29 +1.40% · NX (Quanex Building Products Corpor) USD 20.65 +3.56% · ROCK (Gibraltar Industries, Inc.) USD 39.27 +1.26%

## More
Full page: https://nexqual.com/JBI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in JBI's own 10-K filed 2026-03-04 (https://www.sec.gov/Archives/edgar/data/1839839/000183983926000006/jbi-20260103.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Access Control Technologies | "For the year ended January 3, 2026, we recognized a non-cash impairment of $0.7 related to our ACT tradename as well as certain customer relationship intangible assets." |

## Revenue by business segment (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Janus North America | $202.9M | 86.9% | +1.3% |
| Janus International | $31.1M | 13.3% | +9.5% |
| Total revenue | $233.5M | 100% | — |

## Revenue by product line (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product revenues | $197.9M | 84.8% | +3.7% |
| Service revenues | $35.6M | 15.2% | -4.3% |
| Total revenue | $233.5M | 100% | — |

## Revenue by region (quarter ended 2025-09-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $191.3M | 87.2% | -8.5% |
| Non Us | $29.3M | 13.4% | +37.6% |
| Total revenue | $219.3M | 100% | — |

## Company outlook (8-K filed 2026-08-11)

- "See "Forward-Looking Statements." Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA and Inorganic Revenue forward-looking guidance for 2026 under the "unreasonable efforts" exception in Item 10(e)(1)(i)(B) of Regulation S-K."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.18 | $0.21 | -15.5% | $235.0M | 4 |
| Next quarter (ends 2026-12-31) | $0.19 | $0.20 | -1.3% | $239.5M | 4 |
| Current fiscal year (ends 2026-12-31) | $0.55 | $0.57 | -3.9% | $930.7M | 4 |
| Next fiscal year (ends 2027-12-31) | $0.65 | $0.70 | -7.5% | $951.5M | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±24.1%; last 8 reports averaged ±14.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 134.1% | ±24.1% |