Johnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreation products for fishing worldwide. It operates through Fishing; Camping & Watercraft Recreation; and Diving segments. The Fishing segment offers electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation and marine cartography; and downriggers for controlled-depth fishing. This segment sells its products under the Minn Kota, Humminbird, and Cannon brands through outdoor specialty retailers, retail store chains, internet dealers, original equipment manufacturers, and distributors. The Camping & Watercraft Recreation segment provides portable outdoor cooking systems, single burner and two burner stoves, and accessories under the Jetboil brand to camping and backpacking specialty stores, sporting goods stores, internet retailers, and direct customer through website and distributors; and kayaks, canoes, personal watercraft equipment and products, and paddles for family recreation, touring, and angling through independent specialty and outdoor retailers under Old Town and Carlisle brands. The Diving segment manufactures and markets underwater diving and snorkeling equipment, such as regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels, and accessories through independent specialty dive stores and diving magazines under the SCUBAPRO brand. This segment also provides regular maintenance, product repair, diving education, and travel program services; and sells diving gear to dive training centers, resorts, and public safety units through websites and internet retailers. The company was founded in 1970 and is headquartered in Racine, Wisconsin.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $592M | $12M | $-34M | $40M | -8.2% | -0.1% | 29.3% |
| 2024 | $593M | $-10M | $-27M | $19M | -5.7% | -10.7% | -235.8% |
| 2023 | $664M | $42M | $20M | $19M | 3.9% | -10.7% | -56.1% |
| 2022 | $743M | $73M | $44M | $-94M | 9.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 743.36 | 663.84 | 592.85 | 592.42 |
| Operating Revenue | - | 743.36 | 663.84 | 592.85 | 592.42 |
| Cost Of Revenue | - | 472.02 | 419.76 | 391.87 | 384.32 |
| Gross Profit | - | 271.33 | 244.09 | 200.98 | 208.09 |
| Operating Expense | - | 205.02 | 232.35 | 233.33 | 224.28 |
| Research And Development | - | 27.71 | 31.40 | 31.12 | 32.20 |
| Selling General And Administration | - | 177.31 | 200.94 | 202.21 | 192.08 |
| Total Expenses | - | 677.04 | 652.10 | 625.20 | 608.61 |
| Operating Income | - | 66.31 | 11.74 | -32.35 | -16.19 |
| Total Operating Income As Reported | - | 66.31 | 11.74 | -43.52 | -16.19 |
| EBITDA | - | 73.28 | 42.27 | -10.10 | 11.57 |
| Normalized EBITDA | - | 73.28 | 42.27 | 1.07 | 11.57 |
| EBIT | - | 59.04 | 25.98 | -29.71 | -9.06 |
| Interest Income | - | 0.81 | 4.54 | 4.84 | 3.78 |
| Interest Expense | - | 0.15 | 0.15 | 0.15 | 0.22 |
| Net Interest Income | - | 0.65 | 4.39 | 4.69 | 3.56 |
| Other Non Operating Income Expenses | - | -8.08 | 9.69 | 8.97 | 3.35 |
| Other Income Expense | - | -8.08 | 9.69 | -2.20 | 3.35 |
| Interest Income Non Operating | - | 0.81 | 4.54 | 4.84 | 3.78 |
| Interest Expense Non Operating | - | 0.15 | 0.15 | 0.15 | 0.22 |
| Net Non Operating Interest Income Expense | - | 0.65 | 4.39 | 4.69 | 3.56 |
| Pretax Income | - | 58.89 | 25.82 | -29.86 | -9.28 |
| Tax Provision | - | 14.40 | 6.29 | -3.33 | 25.02 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -1.24 | 0 |
| Net Income Continuous Operations | - | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income From Continuing And Discontinued Operation | - | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income From Continuing Operation Net Minority Interest | - | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income | - | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income Common Stockholders | - | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income Including Noncontrolling Interests | - | 44.49 | 19.53 | -26.53 | -34.29 |
| Normalized Income | - | 44.49 | 19.53 | -16.60 | -34.29 |
| Diluted NI Availto Com Stockholders | - | 44.32 | 19.41 | -26.53 | -34.29 |
| Basic Average Shares | - | 10.19 | 10.25 | 10.30 | 10.37 |
| Diluted Average Shares | - | 10.19 | 10.25 | 10.30 | 10.37 |
| Reconciled Depreciation | - | 14.23 | 16.30 | 19.61 | 20.63 |
| Reconciled Cost Of Revenue | - | 472.02 | 419.76 | 391.87 | 384.32 |
| Total Unusual Items | - | 0 | 0 | -11.17 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -11.17 | 0 |
| Special Income Charges | - | 0 | 0 | -11.17 | 0 |
| Impairment Of Capital Assets | - | 0 | 0 | 11.17 | 0 |
| General And Administrative Expense | - | 43.42 | 56.50 | 57.64 | 57.63 |
| Other Gand A | - | 43.42 | 56.50 | 57.64 | 57.63 |
| Selling And Marketing Expense | - | 133.89 | 144.45 | 144.56 | 134.46 |
| Average Dilution Earnings | - | -0.17 | -0.12 | 0 | 0 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Johnson Outdoors Inc.this co. | JOUT | $480M | - | 1.15 | -8.2% | 30.47 |
| Stitch Fix, Inc. | SFIX | $501M | -17.43 | 2.47 | -14.2% | -37.60 |
| Caleres, Inc. | CAL | $479M | -71.65 | 0.80 | -1.1% | 18.93 |
| Shoe Carnival, Inc. | SCVL | $472M | 9.04 | 0.69 | 7.6% | 6.91 |
| Designer Brands Inc. | DBI | $462M | - |
| - |
| - |
| - |
| - |
| - |
| 1.64 |
| -3.0% |
| 15.18 |
| Monro, Inc. | MNRO | $462M | 212.65 | 0.78 | 0.4% | 11.42 |
| Microvast Holdings, Inc. | MVST | $456M | -15.62 | 1.11 | -7.1% | 210.81 |
| Build-A-Bear Workshop, Inc. | BBW | $449M | 8.61 | 2.90 | 33.7% | 6.76 |
| Camping World Holdings, Inc. | CWH | $445M | - | 1.95 | -39.3% | 10.41 |
| Peer Median | - | -3.51 | 1.37 | -2.0% | 10.91 | |