American Outdoor Brands (AOUT)


Market Price (11/6/2026): $17.26 | Market Cap: $217.8 MilSector: Consumer Discretionary | Industry: Leisure Facilities

American Outdoor Brands (AOUT)


Market Price (11/6/2026): $17.26
Market Cap: $217.8 Mil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%

Attractive yield
FCF Yield is 8.5%

Megatrend and thematic drivers
Megatrends include Outdoor Recreation & Lifestyle. Themes include Outdoor Gear & Equipment, Direct-to-Consumer Outdoor Brands, and Recreational Shooting Sports Accessories.

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4%

Stock price has recently run up significantly
12M Rtn12 month market price return is 152%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.4%

Key risks
AOUT key risks include [1] a projected 13-14% sales decline for Fiscal Year 2026 and an inability to achieve GAAP profitability for the current year, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Attractive yield
FCF Yield is 8.5%
2 Megatrend and thematic drivers
Megatrends include Outdoor Recreation & Lifestyle. Themes include Outdoor Gear & Equipment, Direct-to-Consumer Outdoor Brands, and Recreational Shooting Sports Accessories.
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4%
4 Stock price has recently run up significantly
12M Rtn12 month market price return is 152%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.8%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.4%
7 Key risks
AOUT key risks include [1] a projected 13-14% sales decline for Fiscal Year 2026 and an inability to achieve GAAP profitability for the current year, Show more.

AOUT in ETFs

Weight = AOUT's share of each fund

VTI0.00%
DFAS0.01%
AVUV0.01%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/5/2026

American Outdoor Brands (AOUT) stock has gained about 40% since 7/31/2026 because of the following key factors:

1. Strong Fiscal Q1 2027 Earnings Beat: American Outdoor Brands (AOUT) reported robust results for its fiscal Q1 2027, which ended July 31, 2026. The company announced earnings per share (EPS) of $0.03 on September 3, 2026, significantly surpassing the consensus estimate of a loss of $0.24 per share by $0.27, or 112%. Quarterly revenue also exceeded expectations, reaching $37.25 million against an estimated $35.64 million. This positive earnings surprise led to a substantial aftermarket stock surge of over 25% on the day of the announcement.

2. Significant Improvement in Profitability and Raised Guidance: The fiscal Q1 2027 results highlighted substantial profitability improvements, with non-GAAP net income turning positive at $415,000, a notable shift from a $3.3 million loss in the prior year. Adjusted EBITDA also improved to a positive $1.2 million, up from a negative $3.1 million in the comparable period last year, and gross margin expanded by 630 basis points to 53.0%. Building on this performance, management raised its full-year fiscal 2027 Adjusted EBITDA guidance to a range of $14.5 million to $17.5 million, an increase from the previously projected $13 million to $16 million.

Show more
Updated on 11/5/2026

American Outdoor Brands (AOUT) stock has gained about 40% since 7/31/2026 because of the following key factors:

1. Strong Fiscal Q1 2027 Earnings Beat: American Outdoor Brands (AOUT) reported robust results for its fiscal Q1 2027, which ended July 31, 2026. The company announced earnings per share (EPS) of $0.03 on September 3, 2026, significantly surpassing the consensus estimate of a loss of $0.24 per share by $0.27, or 112%. Quarterly revenue also exceeded expectations, reaching $37.25 million against an estimated $35.64 million. This positive earnings surprise led to a substantial aftermarket stock surge of over 25% on the day of the announcement.

2. Significant Improvement in Profitability and Raised Guidance: The fiscal Q1 2027 results highlighted substantial profitability improvements, with non-GAAP net income turning positive at $415,000, a notable shift from a $3.3 million loss in the prior year. Adjusted EBITDA also improved to a positive $1.2 million, up from a negative $3.1 million in the comparable period last year, and gross margin expanded by 630 basis points to 53.0%. Building on this performance, management raised its full-year fiscal 2027 Adjusted EBITDA guidance to a range of $14.5 million to $17.5 million, an increase from the previously projected $13 million to $16 million.

3. Debt-Free Balance Sheet and Share Repurchase Program: The company reported a strong financial position, ending fiscal Q1 2027 with $33.3 million in cash and no debt. Further reinforcing investor confidence, American Outdoor Brands' Board of Directors approved a new $10 million share repurchase program on October 1, 2026, demonstrating a commitment to enhancing shareholder value.

4. Success of New Product Innovation and E-commerce Growth: American Outdoor Brands reported that new products launched within the last 24 months contributed 36.1% to net sales in fiscal Q1 2027, exceeding the historical range of 20% to 25%. This focus on innovation, coupled with increased international net sales of 32.7% and a 20.1% expansion in e-commerce revenue, drove a 25.4% year-over-year increase in overall net sales.

5. Positive Analyst Coverage and Price Target: On October 13, 2026, Ladenburg Thalmann initiated coverage on American Outdoor Brands with a "Buy" rating and set a price target of $22.00. The firm highlighted the company's robust product-development model, expanding patent portfolio, solid retailer relationships, direct-to-consumer sales channel, and debt-free balance sheet as key drivers for this positive outlook.

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Stock Movement Drivers

Fundamental Drivers

The 39.6% change in AOUT stock from 7/31/2026 to 11/5/2026 was primarily driven by a 35.4% change in the company's P/S Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)12.3617.2539.6%
Change Contribution By: 
Total Revenues ($ Mil)1911984.0%
P/S Multiple0.81.135.4%
Shares Outstanding (Mil)1213-0.9%
Cumulative Contribution39.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
AOUT39.6% 
Market (SPY)-1.9%7.4%
Sector (XLY)1.3%1.7%

Fundamental Drivers

The 83.3% change in AOUT stock from 4/30/2026 to 11/5/2026 was primarily driven by a 90.1% change in the company's P/S Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)9.4117.2583.3%
Change Contribution By: 
Total Revenues ($ Mil)205198-3.6%
P/S Multiple0.61.190.1%
Shares Outstanding (Mil)13130.0%
Cumulative Contribution83.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
AOUT83.3% 
Market (SPY)2.3%13.0%
Sector (XLY)-0.4%17.0%

Fundamental Drivers

The 151.1% change in AOUT stock from 10/31/2025 to 11/5/2026 was primarily driven by a 163.1% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)6.8717.25151.1%
Change Contribution By: 
Total Revenues ($ Mil)210198-5.8%
P/S Multiple0.41.1163.1%
Shares Outstanding (Mil)13131.3%
Cumulative Contribution151.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
AOUT151.1% 
Market (SPY)8.4%22.6%
Sector (XLY)-1.4%25.8%

Fundamental Drivers

The 94.3% change in AOUT stock from 10/31/2023 to 11/5/2026 was primarily driven by a 78.2% change in the company's P/S Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)8.8817.2594.3%
Change Contribution By: 
Total Revenues ($ Mil)1911983.7%
P/S Multiple0.61.178.2%
Shares Outstanding (Mil)13135.1%
Cumulative Contribution94.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
AOUT94.3% 
Market (SPY)81.3%29.4%
Sector (XLY)58.2%30.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AOUT Return17%-50%-16%81%-49%123%1%
Peers Return29%-17%17%24%-14%10%47%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
AOUT Win Rate67%42%42%58%42%82% 
Peers Win Rate50%42%52%55%43%47% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
AOUT Max Drawdown-49%-64%-35%-18%-64%-31% 
Peers Max Drawdown-26%-43%-39%-21%-41%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FUN, LTH, PLNT, OSW, PRKS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventAOUTS&P 500
2025 US Tariff Shock
  % Loss-40.0%-18.8%
  % Gain to Breakeven66.6%23.1%
  Time to Breakeven531 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.4%-9.5%
  % Gain to Breakeven19.6%10.5%
  Time to Breakeven9 days24 days
2023 SVB Regional Banking Crisis
  % Loss-32.6%-6.7%
  % Gain to Breakeven48.4%7.1%
  Time to Breakeven553 days31 days

Compare to FUN, LTH, PLNT, OSW, PRKS

In The Past

American Outdoor Brands's stock fell -40.0% during the 2025 US Tariff Shock. Such a loss loss requires a 66.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventAOUTS&P 500
2025 US Tariff Shock
  % Loss-40.0%-18.8%
  % Gain to Breakeven66.6%23.1%
  Time to Breakeven531 days79 days
2023 SVB Regional Banking Crisis
  % Loss-32.6%-6.7%
  % Gain to Breakeven48.4%7.1%
  Time to Breakeven553 days31 days

Compare to FUN, LTH, PLNT, OSW, PRKS

In The Past

American Outdoor Brands's stock fell -40.0% during the 2025 US Tariff Shock. Such a loss loss requires a 66.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About American Outdoor Brands (AOUT)

American Outdoor Brands (AOUT) is a public company that provides a wide range of products and accessories for rugged outdoor enthusiasts. Incorporated in 2020 and headquartered in Columbia, Missouri, the company operates both within the United States and internationally, catering to individuals involved in various outdoor activities.

The company's diverse product portfolio covers core outdoor pursuits, including hunting, fishing, camping, shooting, and personal security and defense. Specific offerings include shooting supplies like rests and vaults, premium sportsmen knives and tools, land management and harvesting products, and electro-optical devices such as hunting optics and flashlights. AOUT also provides reloading, gunsmithing, and firearm cleaning supplies, alongside survival, camping, and emergency preparedness gear. These products are marketed under brand lanes such as Marksman, Defender, Harvester, and Adventure.

American Outdoor Brands serves its primary customer base of outdoor enthusiasts through a multi-channel distribution strategy. Products are sold via both e-commerce platforms and traditional retail distribution channels, ensuring broad market access for its specialized outdoor and defense-related goods.

AI Analysis | Feedback

  • It's like a focused **Vista Outdoor**, managing a portfolio of brands for hunting, fishing, and shooting accessories.
  • Think of it as a specialized **Johnson Outdoors**, with a 'house of brands' approach to outdoor and shooting gear.

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  • Shooting Accessories: Supplies, rests, vaults, and other related accessories for shooting.
  • Hunting & Fishing Tools: Premium sportsmen knives and tools for fishing and hunting.
  • Land Management Tools: Products designed for hunting preparedness and land maintenance.
  • Harvesting Products: Tools for post-hunt or post-fishing activities.
  • Electro-Optical Devices: Hunting optics, firearm aiming devices, flashlights, and laser grips.
  • Firearm Maintenance Supplies: Reloading, gunsmithing, and firearm cleaning supplies.
  • Survival & Camping Gear: Products for survival, camping, and emergency preparedness.

AI Analysis | Feedback

American Outdoor Brands (AOUT) primarily sells its products to other companies, specifically a mix of large retailers, online marketplaces, and wholesale distributors, who then sell to individual consumers. While the company operates its own e-commerce platforms, a significant portion of its sales comes through traditional distribution channels, indicating a business-to-business (B2B) model with retailers and distributors as its major customers.

Based on the company's product lines (hunting, fishing, camping, shooting, and personal security products) and stated distribution through "e-commerce and traditional distribution channels," the major customers are highly likely to be:

  • Large Sporting Goods Retailers: National and regional chains specializing in outdoor and sporting goods. Examples include:
    • Dick's Sporting Goods, Inc. (DKS)
    • Academy Sports and Outdoors, Inc. (ASO)
    • Bass Pro Shops/Cabela's (private company, no public symbol)
  • General Merchandise Retailers: Large national retailers with significant outdoor and sporting goods departments. An example includes:
    • Walmart Inc. (WMT)
  • Online Retailers and Marketplaces: E-commerce giants that distribute a vast array of products, including outdoor and sporting goods. An example includes:
    • Amazon.com, Inc. (AMZN)
  • Wholesale Distributors: Companies that purchase products in bulk and distribute them to a network of smaller, independent retailers across the country. Specific names are rarely disclosed by public companies.

While American Outdoor Brands' regulatory filings indicate that two customers each accounted for 10% or more of its net sales in recent fiscal years, the specific names of these customers are not publicly disclosed. The companies listed above represent the most probable types of major customers for American Outdoor Brands, given their market presence and distribution capabilities in the outdoor and shooting sports industry.

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Brian D. Murphy, President & Chief Executive Officer

Brian D. Murphy has served as the President and Chief Executive Officer of American Outdoor Brands, Inc. and a member of its Board of Directors since the company's spin-off from its former parent company in August 2020. Prior to this, Mr. Murphy was the Co-President and Co-Chief Executive Officer of Smith & Wesson Brands, Inc. from January 2020 until the spin-off. He also held roles as President of the Outdoor Products & Accessories Division (May 2017 to January 2020) and President of the Outdoor Recreation Division (December 2016 to May 2017) at Smith & Wesson Brands, Inc. Before his time at Smith & Wesson, Mr. Murphy was the Vice President of Corporate Development at Vista Outdoor Inc. from February 2015 to December 2016, where he was responsible for leading approximately $900 million in acquisitions over an 18-month period. He also served as Director of Mergers & Acquisitions and Director of Financial Planning & Analysis for Alliant Techsystems from April 2013 to February 2015. From May 2006 to October 2010, Mr. Murphy worked as an investment banker with Houlihan Lokey, advising companies on strategy, acquisitions, divestitures, recapitalizations, and restructuring. He currently also serves as CEO of Ultimate Survival Technologies LLC, Chairman & President at Battenfeld Technologies, Inc., and President & Chairman at AOB Products Co.

Andrew Fulmer, Executive Vice President and Chief Financial Officer

Andrew Fulmer has served as Executive Vice President, Chief Financial Officer, and Treasurer of American Outdoor Brands, Inc. since the company's spin-off from its former parent company in August 2020. He joined Smith & Wesson Brands, Inc. in 2010 as Assistant Controller, advancing to Director of Financial Planning & Analysis, and then to Vice President of Financial Planning & Analysis in 2016. During his tenure at Smith & Wesson, Mr. Fulmer played a significant role in developing and executing the company's long-term acquisition strategy, particularly for the outdoor products and accessories business. He also established procedures for acquisition-related financial modeling, due diligence, internal controls, and the integration of acquired businesses. Earlier in his career, he served as Controller for Steeltech Building Products, Inc. and as a Tax Senior Associate and later Audit Manager for PricewaterhouseCoopers LLC. Mr. Fulmer is a Certified Public Accountant (CPA).

Elizabeth A. Sharp, Vice President of Investor Relations

Elizabeth A. Sharp has served as Vice President of Investor Relations for American Outdoor Brands, Inc. since its spin-off. Before the spin-off, she held the position of Vice President, Investor Relations of Smith & Wesson Brands, Inc. from May 2005 until the spin-off.

James E. Tayon, Chief Product Officer

James E. Tayon has served as Chief Product Officer of American Outdoor Brands, Inc. since December 2023. Prior to this, he was the Vice President of Product Development from the spin-off in March 2021 until December 2023.

Brent A. Vulgamott, Chief Operating Officer

Brent A. Vulgamott has served as Chief Operating Officer of American Outdoor Brands, Inc. since October 2023. He previously served as Vice President of Sales, Operations & Analytics from March 2022 to October 2023, and as Vice President of Operations & Analytics from the company's spin-off in March 2021.

AI Analysis | Feedback

The key risks to American Outdoor Brands (AOUT) include the impact of tariffs and trade policies, demand volatility, particularly within the shooting sports accessories category, and challenges related to retailer inventory management compounded by economic uncertainty.

  1. Impact of Tariffs and Trade Policies: American Outdoor Brands faces significant and dynamic risks from unpredictable tariffs and trade policies. These policies directly impact the cost of imported goods and materials, leading to supply chain instability, pressure on profit margins, and potentially forcing price increases. The company has even suspended future guidance due to the uncertainty introduced by the tariff environment, and expects ongoing gross margin pressure from capitalized tariffs flowing through the cost of goods sold.
  2. Demand Volatility and Reliance on Shooting Sports Accessories: Despite efforts to diversify, the shooting sports accessories market continues to represent a substantial portion of American Outdoor Brands' revenue. This reliance makes the company vulnerable to shifts in consumer sentiment and regulatory environments impacting this specific category. The shooting sports category has experienced declines, particularly in aiming solutions, contributing to lower net sales in this segment.
  3. Retailer Inventory Caution and Economic Uncertainty: American Outdoor Brands is affected by cautious inventory levels among retailers, which can lead to inconsistent sales and impact future order volumes. This challenge is exacerbated by broader economic uncertainties, including persistent inflation and potential cutbacks in discretionary consumer spending, which can negatively affect demand for outdoor products. The company has also encountered issues with inventory resets at major e-commerce retailers.

AI Analysis | Feedback

The rise of highly specialized direct-to-consumer (DTC) brands in the outdoor products and accessories market. These brands leverage targeted digital marketing and e-commerce platforms to directly reach niche enthusiast communities within hunting, fishing, camping, shooting, and personal security segments. This business model allows them to offer specialized products and potentially build stronger brand loyalty, thereby circumventing traditional distribution channels and directly competing with established multi-brand companies like American Outdoor Brands.

AI Analysis | Feedback

American Outdoor Brands (AOUT) participates in several outdoor product markets. Here are the addressable market sizes for their main products or services:

  • Overall Outdoor Recreation Products: The U.S. recreational and outdoor products market was valued at approximately USD 42.2 billion in 2024.
  • Hunting Equipment & Accessories: The U.S. hunting equipment and accessories market generated a revenue of approximately USD 11.22 billion in 2023.
  • Fishing Goods: The U.S. fishing goods market size was estimated at approximately USD 8.78 billion in 2023.
  • Camping Equipment: The United States camping equipment market was valued at approximately USD 24.60 billion in 2023.
  • Shooting and Gun Accessories: The North American shooting and gun accessories market, which includes items like scopes, holsters, and cleaning kits, held a revenue of approximately USD 2.58 billion in 2023.
  • Shooting Sports Equipment: The global shooting sports equipment market size was estimated at approximately USD 38.34 billion in 2024. North America accounted for 36.4% of this global market in 2023.

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Expected Drivers of Future Revenue Growth for American Outdoor Brands (AOUT)

  • Innovation and New Product Development: American Outdoor Brands emphasizes a culture of innovation, with new product introductions consistently driving growth and contributing significantly to net sales. The company has a robust product pipeline and has generated substantial incremental organic revenue from new product development, protecting future revenue potential with numerous patents.
  • Strategic Focus and Expansion of the Outdoor Lifestyle Segment: AOUT is executing a strategic pivot towards its rapidly expanding Outdoor Lifestyle segment, aiming for this category to account for 65% of total sales, up from 57%. This involves focusing capital and innovation on high-growth brands within this segment, such as BOG, BUBBA, Caldwell, Grilla, and MEAT! Your Maker, to deepen engagement and create differentiated value.
  • Expansion into New Geographic Markets and Distribution Channels: A significant component of American Outdoor Brands' future prospects includes international expansion into new markets, such as Europe and Asia, and strengthening distribution in Canada. The company also focuses on broadening distribution channels for wider reach within existing markets.
  • Opportunistic Mergers and Acquisitions: The company continues to explore strategic acquisitions that align with its growth objectives, evidenced by past successful integrations like Grilla Grills. This proactive approach aims to enhance its business model and bolster growth.

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Share Repurchases

  • American Outdoor Brands' Board of Directors approved a new $10 million share repurchase program in October 2025, which commenced on October 1, 2025, and is set to conclude on September 30, 2026.
  • Under a prior repurchase program authorized in 2024, the company repurchased approximately $6.0 million of its common stock, accounting for 581,968 shares at an average price of $10.30 per share, as of September 30, 2025.
  • During the nine months ended January 31, 2026 (Q3 Fiscal Year 2026), the company repurchased $4.6 million of stock, which included $1.4 million in Q3 FY2026 alone.

Share Issuance

  • As of April 30, 2025, American Outdoor Brands had 14,974,217 shares issued and 12,696,356 shares outstanding.
  • In the prior year, as of April 30, 2024, the company had 14,701,280 shares issued and 12,797,865 shares outstanding, indicating a slight increase in issued shares but a decrease in outstanding shares due to repurchases.

Outbound Investments

  • In Q3 Fiscal Year 2026, the company decided to divest its UST camping and survival brand, citing that further investment in this category was unlikely to yield expected returns. This divestiture resulted in a $3.4 million non-cash impairment charge.
  • American Outdoor Brands' capital deployment strategy includes pursuing selective, accretive acquisitions to drive growth.

Capital Expenditures

  • For the full Fiscal Year 2026, American Outdoor Brands lowered its capital expenditure expectations by $500,000, projecting a range of $3.5 million to $4.0 million.
  • The company emphasizes an asset-light platform and focuses its capital allocation on investing in organic growth.

Better Bets vs. American Outdoor Brands (AOUT)

Peer Outperformance in Leisure Facilities

AOUT has outperformed 64% of its 11 Leisure Facilities peers over 5Y. Leisure Facilities ranks 14th of 22 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Leisure Facilities constituents that AOUT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
100%
of 15 industry peers · 151.8% return
3Y
82%
of 11 industry peers · 90.4% return
5Y
64%
of 11 industry peers · -26.6% return
No Leisure Facilities peer with a comparable growth profile has beaten AOUT by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Leisure Facilities is AOUT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -15.2%33.1%45.5% CVSA 255% · GHC 110% · LRN 107%
Homebuilding 17 4.5%38.1%35.4% PHM 181% · TOL 164% · GRBK 154%
Automotive Retail 17 1.0%20.5%13.7% MUSA 205% · ORLY 115% · PAG 114%
Home Improvement Retail 5 -3.7%5.4%6.6% HD 8% · LOW 7% · FND -61%
Hotels, Resorts & Cruise Lines 21 22.9%53.1%6.0% RCL 245% · MAR 160% · HLT 147%
Home Furnishings 3 4.0%82.5%1.6% SGI 59% · MHK -15%
Footwear 9 80.5%86.0%-15.1% DECK 24% · SHOO -12% · CROX -15%
Computer & Electronics Retail 3 29.4%71.8%-22.5% BBY -3% · GME -55%
Specialized Consumer Services 10 -10.8%34.2%-23.9% FTDR 165% · HRB 157% · ADT 24%
Restaurants 36 -1.1%-3.5%-24.2% EAT 376% · CAKE 167% · TXRH 119%
Distributors 4 -4.4%-14.2%-24.8% ARMK 88% · GPC 5% · POOL -55%
Leisure Products 14 -18.9%-6.0%-34.7% GOLF 56% · HAS 51% · BC -12%
Household Appliances 18 22.8%22.9%-39.0% WHR -82%
Leisure Facilities ← 12 0.9%6.2%-41.2% OSW 156% · LTH 146% · PLNT -37%
Broadline Retail 12 -9.3%16.3%-44.5% EBAY 78% · AMZN 48% · OLLI 28%
Casinos & Gaming 21 -20.4%-16.7%-46.1% RRR 21% · BYD 20% · LVS 3%
Apparel Retail 27 -1.9%4.6%-47.5% ANF 241% · TJX 109% · ROST 108%
Automotive Parts & Equipment 37 -14.6%-28.4%-48.6% GTX 185% · PATK 73% · ALV 41%
Apparel, Accessories & Luxury Goods 29 13.2%22.5%-52.8% TPR 258% · RL 230% · KTB 63%
Other Specialty Retail 25 -4.7%-11.7%-58.9% ULTA 66% · ASO 54% · DKS 22%
Automobile Manufacturers 8 -60.7%-40.9%-69.5% GM 59% · F -12% · TSLA -16%
Consumer Electronics 11 -37.8%-36.5%-81.3% GRMN 123%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AOUTFUNLTHPLNTOSWPRKSMedian
NameAmerican.Six Flag.Life TimePlanet F.OneSpaWo.United P. 
Mkt Price17.269.4448.3259.9930.7237.7834.25
Mkt Cap0.21.010.84.63.11.82.4
Rev LTM1983,0583,2931,4091,0281,6471,528
Op Inc LTM-128157243699319300
FCF LTM18150-20626294165122
FCF 3Y Avg940-492177820159
CFO LTM21471910434108410422
CFO 3Y Avg1338974937689456382

Growth & Margins

AOUTFUNLTHPLNTOSWPRKSMedian
NameAmerican.Six Flag.Life TimePlanet F.OneSpaWo.United P. 
Rev Chg LTM-5.8%-3.5%13.0%12.7%9.8%-3.5%3.2%
Rev Chg 3Y Avg1.4%23.2%15.6%10.9%10.2%-1.9%10.5%
Rev Chg Q25.4%-7.0%14.2%7.1%7.0%-1.4%7.1%
QoQ Delta Rev Chg LTM4.0%-2.1%3.5%1.8%1.8%-0.4%1.8%
Op Inc Chg LTM80.3%100.3%30.4%23.5%19.6%-26.7%27.0%
Op Inc Chg 3Y Avg47.5%15.7%39.8%19.5%24.7%-12.6%22.1%
Op Mgn LTM-0.4%9.2%17.4%30.9%9.7%19.3%13.5%
Op Mgn 3Y Avg-2.7%10.7%15.2%28.6%9.1%24.2%12.9%
QoQ Delta Op Mgn LTM2.5%1.1%0.1%1.0%0.2%-1.4%0.6%
CFO/Rev LTM10.6%15.4%27.6%30.8%10.5%24.9%20.1%
CFO/Rev 3Y Avg6.7%15.2%25.5%29.9%9.4%26.8%20.3%
FCF/Rev LTM9.3%4.9%-6.3%18.6%9.2%10.0%9.2%
FCF/Rev 3Y Avg4.7%2.5%-1.4%17.2%8.2%11.9%6.5%

Valuation

AOUTFUNLTHPLNTOSWPRKSMedian
NameAmerican.Six Flag.Life TimePlanet F.OneSpaWo.United P. 
Mkt Cap0.21.010.84.63.11.82.4
P/S1.10.33.33.33.01.12.1
P/Op Inc-250.43.418.910.631.45.58.1
P/EBIT-240.7-0.718.910.133.25.67.9
P/E-55.4-0.625.819.436.713.216.3
P/CFO10.32.011.910.628.84.310.5
Total Yield-1.8%-181.0%3.9%5.1%3.4%7.6%3.6%
Dividend Yield0.0%0.0%0.0%0.0%0.7%0.0%0.0%
FCF Yield 3Y Avg5.7%4.4%-0.5%3.9%3.8%7.6%4.2%
D/E0.15.40.40.60.01.40.5
Net D/E-0.05.20.40.60.01.40.5

Returns

AOUTFUNLTHPLNTOSWPRKSMedian
NameAmerican.Six Flag.Life TimePlanet F.OneSpaWo.United P. 
1M Rtn7.3%-21.9%19.7%42.0%32.0%11.5%15.6%
3M Rtn37.6%-40.1%11.1%17.1%16.0%-14.6%13.6%
6M Rtn79.7%-58.5%50.1%36.3%25.5%1.9%30.9%
12M Rtn152.0%-53.7%90.4%-34.6%39.4%-18.3%10.6%
3Y Rtn90.5%-82.8%283.8%8.7%186.5%-20.0%49.6%
1M Excs Rtn8.9%-17.3%20.8%40.7%33.3%16.7%18.8%
3M Excs Rtn38.0%-41.4%11.2%20.8%18.3%-15.2%14.8%
6M Excs Rtn74.9%-63.4%45.3%31.5%20.7%-2.8%26.1%
12M Excs Rtn148.0%-69.2%70.9%-47.8%24.1%-31.4%-3.7%
3Y Excs Rtn11.0%-167.9%224.5%-74.7%115.7%-95.5%-31.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Single Segment191222201191 
Outdoor lifestyle net sales    119
Shooting sports net sales    128
Total191222201191248


Price Behavior

Price Behavior
Market Price$17.25 
Market Cap ($ Bil)0.2 
First Trading Date08/25/2020 
Distance from 52W High-6.5% 
   50 Days200 Days
DMA Price$16.01$11.71
DMA Trendupup
Distance from DMA7.7%47.3%
 3M1YR
Volatility97.2%67.1%
Downside Capture-153.7747.29
Upside Capture57.91158.48
Correlation (S&P 500)3.1%22.3%
AOUT Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.280.310.350.811.181.10
Up Beta4.132.871.441.961.731.13
Down Beta1.112.412.131.601.681.32
Up Capture78%158%73%108%174%98%
Bmk +ve Days12182862130427
Stock +ve Days12253566126360
Down Capture-103%-361%-185%-76%35%99%
Bmk -ve Days10253664121325
Stock -ve Days10182859116371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AOUT
AOUT162.4%67.1%1.67-
Sector ETF (XLY)-0.6%19.9%-0.1625.6%
Equity (SPY)9.5%13.6%0.4122.3%
Gold (GLD)3.6%28.7%0.117.7%
Commodities (DBC)37.7%21.2%1.40-12.7%
Real Estate (VNQ)12.0%14.2%0.5516.1%
Bitcoin (BTCUSD)-20.8%43.3%-0.4215.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AOUT
AOUT-4.7%53.7%0.10-
Sector ETF (XLY)4.1%24.2%0.1331.6%
Equity (SPY)11.3%17.3%0.4829.8%
Gold (GLD)17.5%19.1%0.744.3%
Commodities (DBC)8.0%19.6%0.29-2.0%
Real Estate (VNQ)1.2%18.9%-0.0523.6%
Bitcoin (BTCUSD)5.9%51.5%0.2916.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AOUT
AOUT-0.2%54.0%0.20-
Sector ETF (XLY)12.7%22.3%0.5230.3%
Equity (SPY)14.9%18.0%0.7028.6%
Gold (GLD)12.0%16.5%0.595.4%
Commodities (DBC)7.6%18.1%0.330.5%
Real Estate (VNQ)5.7%20.7%0.2321.4%
Bitcoin (BTCUSD)61.3%66.2%1.0114.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 9302026-17.3%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.3 days
Basic Shares Quantity12.6 Mil
Short % of Basic Shares1.9%

Earnings Returns History

Updated 10/7/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/3/202644.7%56.6%65.8%
6/25/202617.1%34.9%27.1%
3/12/2026-6.5%-5.1%8.0%
12/9/20254.4%3.9%16.9%
9/4/2025-18.1%-14.0%-16.2%
6/26/2025-13.1%-12.9%-19.6%
3/6/2025-7.4%-13.7%-28.3%
12/6/202421.4%39.7%42.5%
...
SUMMARY STATS   
# Positive111013
# Negative131411
Median Positive11.0%13.5%12.9%
Median Negative-7.0%-9.6%-11.2%
Max Positive44.7%56.6%65.8%
Max Negative-22.0%-20.9%-28.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/3/202644.7%56.6%65.8%
6/25/202617.1%34.9%27.1%
3/12/2026-6.5%-5.1%8.0%
12/9/20254.4%3.9%16.9%
9/4/2025-18.1%-14.0%-16.2%
6/26/2025-13.1%-12.9%-19.6%
3/6/2025-7.4%-13.7%-28.3%
12/6/202421.4%39.7%42.5%
9/5/2024-0.2%-9.4%-1.4%
6/28/20242.0%-5.6%9.0%
3/7/20243.3%3.6%5.4%
11/30/2023-2.2%-9.2%3.5%
9/7/2023-0.5%-0.3%-0.6%
6/28/20237.4%8.7%12.9%
3/9/2023-3.9%-9.7%-7.8%
12/1/202217.7%15.1%7.4%
9/8/20220.2%12.3%5.9%
7/14/2022-11.1%-15.0%-3.7%
3/10/2022-7.0%-4.4%-11.2%
12/9/2021-13.4%-12.3%-12.6%
9/9/2021-1.3%-3.5%-6.5%
7/15/2021-22.0%-20.9%-23.4%
3/17/202112.0%6.1%13.4%
12/15/202011.0%14.6%24.6%
SUMMARY STATS   
# Positive111013
# Negative131411
Median Positive11.0%13.5%12.9%
Median Negative-7.0%-9.6%-11.2%
Max Positive44.7%56.6%65.8%
Max Negative-22.0%-20.9%-28.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202609/03/202610-Q
04/30/202606/25/202610-K
01/31/202603/12/202610-Q
10/31/202512/09/202510-Q
07/31/202509/04/202510-Q
04/30/202506/26/202510-K
01/31/202503/06/202510-Q
10/31/202412/05/202410-Q
07/31/202409/05/202410-Q
04/30/202406/27/202410-K
01/31/202403/07/202410-Q
10/31/202311/30/202310-Q
07/31/202309/07/202310-Q
04/30/202306/28/202310-K
01/31/202303/09/202310-Q
10/31/202212/01/202210-Q
Collapse to Preview
Report DateFiling DateFiling
07/31/202609/03/202610-Q
04/30/202606/25/202610-K
01/31/202603/12/202610-Q
10/31/202512/09/202510-Q
07/31/202509/04/202510-Q
04/30/202506/26/202510-K
01/31/202503/06/202510-Q
10/31/202412/05/202410-Q
07/31/202409/05/202410-Q
04/30/202406/27/202410-K
01/31/202403/07/202410-Q
10/31/202311/30/202310-Q
07/31/202309/07/202310-Q
04/30/202306/28/202310-K
01/31/202303/09/202310-Q
10/31/202212/01/202210-Q
07/31/202209/08/202210-Q
04/30/202207/14/202210-K
01/31/202203/10/202210-Q
10/31/202112/09/202110-Q
07/31/202109/09/202110-Q
04/30/202107/15/202110-K
01/31/202103/17/202110-Q
10/31/202012/15/202010-Q
07/31/202009/10/202010-Q
04/30/202007/13/202010-12B/A

Recent Forward Guidance

Updated 11/2/2026

Latest: Q1 2027 Earnings Reported 9/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Net SalesReported200.00 Mil205.00 Mil210.00 Mil0 AffirmedGuidance: 205.00 Mil for 2027
2027 Net Sales GrowthReported5.0% 10.0%   
2027 Adjusted EBITDAReported14.50 Mil16.00 Mil17.50 Mil  Raised
2027 Adjusted EBITDA MarginReported6.5% 7.5%   


Prior: Q4 2026 Earnings Reported 6/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Net SalesReported200.00 Mil205.00 Mil210.00 Mil6.8% Higher NewActual: 192.00 Mil for 2026
2027 Net Sales GrowthReported5.0%7.5%10.0%   
2027 Adjusted EBITDA MarginReported6.5%7.0%7.5% 2.8%Higher NewActual: 4.25% for 2026

Q3 2026 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported191.00 Mil192.00 Mil193.00 Mil   
2026 Gross MarginReported42.0%42.5%43.0% 0AffirmedGuidance: 42.5% for 2026
2026 Adjusted EBITDAReported0.040.040.05 0AffirmedGuidance: 0.04 for 2026

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Engine Capital Management, LP$6.1 Mil0.7%26Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Engine Capital Management, LP$6.1 Mil0.7%26Hold13F
Core Cache Last Updated: 11/5/2026