# Johnson Outdoors Inc. (JOUT)

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

**Price:** USD 45.44 (+4.10% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 43.65 · day 43.79–45.44 · 52w 35.65–53.54 · market cap $476M · NMS

## Key facts
- Last four reported quarters (through Jul 3, 2026): revenue $661M, net income -$8.0M (-1.2% margin), free cash flow $29.9M (SEC filings).
- 1 of 80 tracked superinvestors hold JOUT (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $441K; 3 not under a Rule 10b5-1 plan ($441K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None (1 analysts), mean target USD 57 (range 57–57).
- Total return with dividends: 1Y +9.1% vs S&P 500 +14.9%; 5Y -52.3% vs S&P 500 +80.3%.
- Next earnings: 2026-08-07, EPS estimate USD -0.74, revenue estimate $125M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $752M | $743M | $664M | $593M | $592M | $661M |
| Gross profit | $334M | $271M | $244M | $201M | $208M | — |
| Operating income | $111M | $66.3M | $11.7M | -$43.5M | -$16.2M | $17.6M |
| Net income | $83.4M | $44.5M | $19.5M | -$26.5M | -$34.3M | -$8.0M |
| Free cash flow | $36.9M | -$93.8M | $19.0M | $19.0M | $40.2M | $29.9M |
| Gross margin | 44.5% | 36.5% | 36.8% | 33.9% | 35.1% | — |
| Operating margin | 14.8% | 8.9% | 1.8% | -7.3% | -2.7% | 2.7% |
| Net margin | 11.1% | 6.0% | 2.9% | -4.5% | -5.8% | -1.2% |
| Revenue growth | +26.5% | -1.1% | -10.7% | -10.7% | -0.1% | — |
| Cash + short-term investments | — | $130M | $139M | $162M | $176M | — |
| Total debt | $0K | $0K | $0K | $0K | $0K | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 3, 2026)
P/S 0.7x · EV/EBITDA 7.9x · EV/Sales 0.5x · P/FCF 15.9x · P/B 1.1x · FCF yield 6.28% · Earnings yield -1.68% · Dividend yield (paid, TTM) 2.86% · Buyback yield (TTM) 0.02% · Net cash $175M · EV $301M
P/E at fiscal year-ends: Sep 2023 28.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold JOUT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.01% | $7.4M | Added +15.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-18 | Stevens Edward A | Director | 6,250 | $299K | 37% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-11 | Fahey John M Jr | Director | 2,000 | $92K | 9.9% | No | Too little history (no open-market trades in 2024) |
| 2026-05-26 | Fahey John M Jr | Director | 1,140 | $50K | 5.4% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None, 1 analysts; mean target USD 57 (low 57, high 57).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +9.1% | -52.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +9.2% | -13.7% |
| Volatility (annualized) | 35.3% | 33.7% |
| Max drawdown | -26.3% (May 2026→May 2026) | -79.2% (Nov 2021→Apr 2025) |

## Peers (Leisure)
FNKO (Funko, Inc.) USD 7.04 +2.25% · LUCK (LUCKY STRIKE ENTERTAINMENT CORP) USD 4.49 -4.26% · TRON (Tron Inc.) USD 1.5 +20.97% · FUN (Six Flags Entertainment Corpora) USD 7.24 +2.40% · PRKS (United Parks & Resorts Inc.) USD 31.08 +1.87% · PTON (Peloton Interactive, Inc.) USD 5.46 +4.20%

## More
Full page: https://nexqual.com/JOUT · 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

## Revenue by business segment (quarter ended 2026-07-03)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Fishing | $149.5M | 78.8% | +6.6% | $26.4M | 17.6% |
| Diving | $23.3M | 12.3% | +10.0% | $3.3M | 14.1% |
| Camping & Watercraft Recreation | $16.4M | 8.6% | -13.2% | $1.1M | 6.8% |
| Total revenue | $189.7M | 100% | — | $18.3M | 9.7% |

## Revenue by region (fiscal year ended 2025-10-03)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $516.6M | 87.2% | +0.5% |
| Europe | $35.0M | 5.9% | +1.6% |
| Canada | $28.4M | 4.8% | -9.7% |
| Other Geographic Areas | $12.4M | 2.1% | -3.9% |
| Total revenue | $592.4M | 100% | — |

## Company outlook (8-K filed 2026-08-07)

- "The Company assumes no obligation, and disclaims any obligation, to update such forward-looking statements to reflect subsequent events or circumstances."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.74 | $-0.54 | +37.0% | $125.1M | 1 |
| Next quarter (ends 2026-12-31) | $-0.63 | $-0.22 | +186.4% | $133.0M | 1 |
| Current fiscal year (ends 2026-09-30) | $1.30 | $0.75 | +73.3% | $650.3M | 1 |
| Next fiscal year (ends 2027-09-30) | $1.41 | $2.35 | -40.0% | $686.0M | 1 |