Johnson Outdoors Inc. Class A Common Stock (JOUT)

FairStock Score: 65/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn good returns on capital and sell at sensible prices. Johnson Outdoors is a mixed picture. It owns outdoor recreation products, especially in fishing electronics and trolling motors, but the filed numbers show a cyclical, seasonal enterprise. In fiscal 2023, the year ended 2023-09-29, it earned $19.5M on $663.8M of revenue. By fiscal 2024, the year ended 2024-09-27, revenue was $592.8M and it lost $26.5M. In fiscal 2025, the year ended 2025-10-03, revenue was $592.4M and the loss widened to $34.3M. That is not a durable compounding record; it is a turnaround. FairStock labels it a TURNAROUND — Loss in the latest year after earlier profits. Still, the latest filed quarter, fiscal Q3 2026 ended 2026-07-03, showed revenue of $189.7M and net income of $14.9M. That is a hopeful swing, but one quarter does not make a trend. The balance sheet looks reasonable: debt-to-equity is 0.12, and FairStock reports a Piotroski F-Score of 5/9 and Altman Z-Score of 2.91. Free cash flow over the trailing twelve months is $29.9M, a 6.7% FCF yield. At the 2026-10-13 close of $42.71, the P/B is 1.02 and EV/EBITDA is 6.70. The negative P/E of -51.46 reflects an EPS of -$0.83, so earnings-based valuation is not useful. The 2.97% dividend is a plus, but it must be covered by cash. I see a fair-to-slightly-cheap asset with unproven recovery and weak returns: ROE is -1.81% and ROCE is 1.72%.

In plain English: Johnson Outdoors sells fishing electronics and motors, camping and watercraft gear, and diving equipment. The business has been weak recently: it lost money in fiscal 2024 and fiscal 2025, but the latest filed quarter showed a profit and it still generates cash. At the 2026-10-13 price, the stock looks roughly fair compared with its accounting value and cash generation, not clearly cheap or expensive.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-07-03) · fiscal Q2 2026 10-Q (period ended 2026-04-03) · fiscal Q1 2026 10-Q (period ended 2026-01-02) · fiscal Q4 2025 10-K (period ended 2025-10-03) · FY2025 10-K (period ended 2025-10-03) · FY2024 10-K (period ended 2024-09-27) · FY2023 10-K (period ended 2023-09-29)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer