📊 JOUT Key Takeaways
Is Johnson Outdoors Inc. (JOUT) a Good Investment?
Johnson Outdoors exhibits a dangerous disconnect between balance sheet strength and operational deterioration. Despite zero debt and $107.9M cash, the company is burning $50.7M in operating cash flow annually with negative free cash flow and revenue growth of essentially zero. Razor-thin operating margins of 2.2% combined with abysmal returns (ROE 1.5%, ROA 1.0%) indicate fundamental business challenges that the clean balance sheet cannot sustain indefinitely.
Johnson Outdoors exhibits a solid balance sheet with zero long‑term debt and ample cash, alongside a respectable gross margin, but it is currently unprofitable with negative operating and free cash flow. Revenue is essentially flat year over year and cash conversion is weak, suggesting working capital or demand headwinds. Liquidity limits downside risk, but a clear turnaround in margins and cash flow is needed before a more positive stance.
Why Buy Johnson Outdoors Inc. Stock? JOUT Key Strengths
- Zero long-term debt with fortress balance sheet ($418.9M equity)
- Strong liquidity position with 3.48x current ratio and $107.9M cash reserves
- Decent gross margins at 37.9% indicating reasonable product pricing power
- Debt-free balance sheet with substantial cash
- Strong liquidity (current and quick ratios)
- Resilient gross margin profile (~36%)
JOUT Stock Risks: Johnson Outdoors Inc. Investment Risks
- Negative operating cash flow of -$50.7M indicates structural profitability problems, not temporary issues
- Negative free cash flow of -$61.2M threatens sustainability; cash burn at this rate exhausts reserves in 2 years
- Revenue stagnation (-0.1% YoY) combined with razor-thin operating margins (2.2%) and negative diluted EPS (-0.22)
- Abysmal capital returns (ROE 1.5%, ROA 1.0%) suggest assets are not generating value
- Quality of earnings concern: $6.1M net income masks $50.7M operating cash outflow
- Sustained negative operating and free cash flow
- Persistent operating losses and negative ROE/ROA
- Flat revenue growth indicating demand or inventory overhang
Key Metrics to Watch
- Operating Cash Flow trend (critical inflection point needed)
- Operating Margin expansion (needs to improve significantly from 2.2%)
- Revenue growth acceleration (must break stagnation pattern)
- Cash position trajectory (to assess runway sustainability)
- Operating cash flow and free cash flow (working capital)
- Operating margin and gross margin trend
Johnson Outdoors Inc. (JOUT) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 3.48x current ratio provides a solid financial cushion.
JOUT Profit Margin, ROE & Profitability Analysis
JOUT vs Market Sector: How Johnson Outdoors Inc. Compares
How Johnson Outdoors Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Johnson Outdoors Inc. Stock Overvalued? JOUT Valuation Analysis 2026
Based on fundamental analysis, Johnson Outdoors Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Johnson Outdoors Inc. Balance Sheet: JOUT Debt, Cash & Liquidity
JOUT Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Johnson Outdoors Inc.'s revenue has declined by 12% over the 5-year period, indicating business contraction.
JOUT Revenue Growth, EPS Growth & YoY Performance
JOUT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $168.3M | $2.3M | N/A |
| Q1 2026 | $107.6M | -$3.3M | N/A |
| Q3 2025 | $172.5M | $1.6M | N/A |
| Q2 2025 | $168.3M | $2.2M | N/A |
| Q1 2025 | $107.6M | $4.0M | N/A |
| Q3 2024 | $172.5M | $1.6M | N/A |
| Q2 2024 | $175.9M | $2.2M | N/A |
| Q1 2024 | $138.6M | $4.0M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Johnson Outdoors Inc. Dividends, Buybacks & Capital Allocation
JOUT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Johnson Outdoors Inc. (CIK: 0000788329)
📋 Recent SEC Filings
❓ Frequently Asked Questions about JOUT
What is the AI rating for JOUT?
Johnson Outdoors Inc. (JOUT) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 71% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are JOUT's key strengths?
Claude: Zero long-term debt with fortress balance sheet ($418.9M equity). Strong liquidity position with 3.48x current ratio and $107.9M cash reserves. ChatGPT: Debt-free balance sheet with substantial cash. Strong liquidity (current and quick ratios).
What are the risks of investing in JOUT?
Claude: Negative operating cash flow of -$50.7M indicates structural profitability problems, not temporary issues. Negative free cash flow of -$61.2M threatens sustainability; cash burn at this rate exhausts reserves in 2 years. ChatGPT: Sustained negative operating and free cash flow. Persistent operating losses and negative ROE/ROA.
What is JOUT's revenue and growth?
Johnson Outdoors Inc. reported revenue of $335.4M.
Does JOUT pay dividends?
Johnson Outdoors Inc. pays dividends, with $6.8M distributed to shareholders in the trailing twelve months.
Where can I find JOUT SEC filings?
Official SEC filings for Johnson Outdoors Inc. (CIK: 0000788329) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is JOUT's EPS?
Johnson Outdoors Inc. has a diluted EPS of $-0.22.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is JOUT a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Johnson Outdoors Inc. has a SELL rating with 71% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is JOUT stock overvalued or undervalued?
Valuation metrics for JOUT: ROE of 1.5% (sector avg: 15%), net margin of 1.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy JOUT stock in 2026?
Our dual AI analysis gives Johnson Outdoors Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is JOUT's free cash flow?
Johnson Outdoors Inc.'s operating cash flow is $-50.7M, with capital expenditures of $10.5M. FCF margin is -18.2%.
How does JOUT compare to other Market stocks?
Vs Default sector averages: Net margin 1.8% (avg: 12%), ROE 1.5% (avg: 15%), current ratio 3.48 (avg: 1.8).