Johnson Outdoors (JOUT)
Market Price (12/18/2025): $43.9 | Market Cap: $451.1 MilSector: Consumer Discretionary | Industry: Leisure Facilities
Johnson Outdoors (JOUT)
Market Price (12/18/2025): $43.9Market Cap: $451.1 MilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldDividend Yield is 3.3% | Trading close to highsDist 52W High is -0.2% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.7% |
| Low stock price volatilityVol 12M is 39% | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -97% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.2% |
| Megatrend and thematic driversMegatrends include Outdoor & Adventure Lifestyle. Themes include Outdoor Gear & Equipment, Water Sports & Marine Recreation, and Camping & Outdoor Cooking. | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52% | |
| Key risksJOUT key risks include [1] its high vulnerability to downturns in discretionary consumer spending and [2] the necessity for continuous product innovation to defend against intense competition from larger rivals. |
| Attractive yieldDividend Yield is 3.3% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Outdoor & Adventure Lifestyle. Themes include Outdoor Gear & Equipment, Water Sports & Marine Recreation, and Camping & Outdoor Cooking. |
| Trading close to highsDist 52W High is -0.2% |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -97% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.7% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.2% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52% |
| Key risksJOUT key risks include [1] its high vulnerability to downturns in discretionary consumer spending and [2] the necessity for continuous product innovation to defend against intense competition from larger rivals. |
Valuation, Metrics & Events
JOUT Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points explaining the approximate 9.5% stock movement for Johnson Outdoors (JOUT) during the period from August 31, 2025, to December 18, 2025:
1. Strong Q4 2025 Revenue Beat: Johnson Outdoors reported fourth-quarter 2025 revenue of $135.76 million, significantly exceeding analyst consensus estimates of $115.24 million. This represented a substantial 17.81% surprise and a 28.2% increase compared to the same quarter last year, driving positive market sentiment.
2. EPS Miss and Narrowed Net Loss: Despite the strong revenue, the company reported a wider-than-expected quarterly loss of $2.83 per share, missing analyst expectations of a $0.68 loss per share. However, the company also narrowed its net loss by 15.2% year-over-year to $29.05 million, compared to a $34.27 million loss in the fourth quarter of fiscal 2024, reflecting some progress in financial performance.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JOUT Return | 48% | -16% | -28% | -17% | -36% | 39% | -35% |
| Peers Return | � | � | � | � | � | � | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| JOUT Win Rate | 58% | 25% | 33% | 33% | 42% | 67% | |
| Peers Win Rate | � | � | � | � | � | 27% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| JOUT Max Drawdown | -33% | -17% | -49% | -31% | -39% | -33% | |
| Peers Max Drawdown | � | � | � | � | � | � | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: FUN, NOMA, TRON, AS, PLNT.
[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] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | JOUT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -71.0% | -25.4% |
| % Gain to Breakeven | 244.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -34.9% | -33.9% |
| % Gain to Breakeven | 53.7% | 51.3% |
| Time to Breakeven | 78 days | 148 days |
| 2018 Correction | ||
| % Loss | -48.2% | -19.8% |
| % Gain to Breakeven | 93.1% | 24.7% |
| Time to Breakeven | 476 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -80.2% | -56.8% |
| % Gain to Breakeven | 404.9% | 131.3% |
| Time to Breakeven | 1,467 days | 1,480 days |
Compare to FUN, NOMA, TRON, AS, PLNT
In The Past
Johnson Outdoors's stock fell -71.0% during the 2022 Inflation Shock from a high on 4/12/2021. A -71.0% loss requires a 244.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to JOUT. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 12.8% | 12.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.4% | 5.4% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.2% | 3.2% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 15.5% | 15.5% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 15.3% | 15.3% | -1.6% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 12.8% | 12.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.4% | 5.4% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.2% | 3.2% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 15.5% | 15.5% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 15.3% | 15.3% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Johnson Outdoors
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 26.30 |
| Mkt Cap | 1.5 |
| Rev LTM | 940 |
| Op Inc LTM | 123 |
| FCF LTM | -2 |
| FCF 3Y Avg | 24 |
| CFO LTM | 56 |
| CFO 3Y Avg | 195 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.4% |
| Rev Chg 3Y Avg | 15.7% |
| Rev Chg Q | 26.0% |
| QoQ Delta Rev Chg LTM | 5.4% |
| Op Mgn LTM | 2.6% |
| Op Mgn 3Y Avg | 9.0% |
| QoQ Delta Op Mgn LTM | 3.9% |
| CFO/Rev LTM | 9.5% |
| CFO/Rev 3Y Avg | 11.4% |
| FCF/Rev LTM | -5.4% |
| FCF/Rev 3Y Avg | 3.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 3.2 |
| P/EBIT | 9.9 |
| P/E | 17.7 |
| P/CFO | 7.1 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 1.3 |
| Net D/E | 1.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.4% |
| 3M Rtn | 2.2% |
| 6M Rtn | 3.4% |
| 12M Rtn | 14.6% |
| 3Y Rtn | 9.6% |
| 1M Excs Rtn | 5.7% |
| 3M Excs Rtn | -1.3% |
| 6M Excs Rtn | -8.9% |
| 12M Excs Rtn | 3.5% |
| 3Y Excs Rtn | -59.7% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/12/2025 | -2.2% | ||
| 8/1/2025 | 8.1% | 11.3% | 21.4% |
| 5/2/2025 | 3.9% | 7.1% | 11.8% |
| 12/10/2024 | 1.6% | 8.0% | -2.6% |
| 8/5/2024 | -10.9% | -10.5% | -10.9% |
| 5/3/2024 | -11.2% | -10.8% | -15.3% |
| 12/8/2023 | -9.9% | -9.9% | -11.0% |
| 8/3/2023 | 2.2% | 2.7% | -2.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 6 |
| # Negative | 8 | 8 | 12 |
| Median Positive | 5.6% | 8.1% | 20.3% |
| Median Negative | -8.1% | -9.9% | -10.9% |
| Max Positive | 18.4% | 14.3% | 38.6% |
| Max Negative | -15.2% | -13.6% | -15.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 12122025 | 10-K 10/3/2025 |
| 6302025 | 8012025 | 10-Q 6/27/2025 |
| 3312025 | 5022025 | 10-Q 3/28/2025 |
| 12312024 | 2032025 | 10-Q 12/27/2024 |
| 9302024 | 12112024 | 10-K 9/27/2024 |
| 6302024 | 8052024 | 10-Q 6/28/2024 |
| 3312024 | 5032024 | 10-Q 3/29/2024 |
| 12312023 | 2022024 | 10-Q 12/29/2023 |
| 9302023 | 12082023 | 10-K 9/29/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2032023 | 10-Q 12/30/2022 |
| 9302022 | 12092022 | 10-K 9/30/2022 |
| 6302022 | 8052022 | 10-Q 7/1/2022 |
| 3312022 | 5092022 | 10-Q 4/1/2022 |
| 12312021 | 2042022 | 10-Q 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |