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% | - |
| 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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 743.36 | 663.84 | 592.85 | 592.41 |
| 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 |
| Operating Income | 66.31 | 11.74 | -32.35 | -16.19 |
| EBITDA | 73.28 | 42.27 | -10.10 | 11.57 |
| EBIT | 59.04 | 25.98 | -29.71 | -9.05 |
| Pretax Income | 58.89 | 25.82 | -29.86 | -9.28 |
| Tax Provision | 14.40 | 6.29 | -3.33 | 25.02 |
| Net Income | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income Common Stockholders | 44.49 | 19.53 | -26.53 | -34.29 |
| Total Expenses | 677.04 | 652.10 | 625.20 | 608.61 |
| Interest Expense | 0.15 | 0.15 | 0.15 | 0.22 |
| Interest Income | 0.81 | 4.54 | 4.84 | 3.78 |
| Research And Development | 27.71 | 31.40 | 31.12 | 32.20 |
| Selling General And Administration | 177.31 | 200.94 | 202.21 | 192.08 |
| Normalized EBITDA | 73.28 | 42.27 | 1.07 | 11.57 |
| Normalized Income | 44.49 | 19.53 | -16.60 | -34.29 |
| Basic EPS | 4.37 | 1.91 | -2.58 | -3.31 |
| Diluted EPS | 4.37 | 1.90 | -2.60 | -3.35 |
| Tax Effect Of Unusual Items | 0 | 0 | -1.24 | 0 |
| Tax Rate For Calcs | 0.24 | 0.24 | 0.11 | 0.21 |
| Total Unusual Items | 0 | 0 | -11.17 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -11.17 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 44.49 | 19.53 | -26.53 | -34.29 |
| Reconciled Depreciation | 14.23 | 16.30 | 19.61 | 20.63 |
| Reconciled Cost Of Revenue | 472.02 | 419.76 | 391.87 | 384.32 |
| Net Interest Income | 0.65 | 4.39 | 4.69 | 3.56 |
| Net Income From Continuing And Discontinued Operation | 44.49 | 19.53 | -26.53 | -34.29 |
| Total Operating Income As Reported | 66.31 | 11.74 | -43.52 | -16.19 |
| Diluted Average Shares | 10.19 | 10.25 | 10.30 | 10.37 |
| Basic Average Shares | 10.19 | 10.25 | 10.30 | 10.37 |
| Diluted NI Availto Com Stockholders | 44.32 | 19.41 | -26.53 | -34.29 |
| Average Dilution Earnings | -0.17 | -0.12 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 44.49 | 19.53 | -26.53 | -34.29 |
| Net Income Continuous Operations | 44.49 | 19.53 | -26.53 | -34.29 |
| Other Income Expense | -8.08 | 9.69 | -2.21 | 3.35 |
| Other Non Operating Income Expenses | -8.08 | 9.69 | 8.97 | 3.35 |
| Special Income Charges | 0 | 0 | -11.17 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 11.17 | 0 |
| Net Non Operating Interest Income Expense | 0.65 | 4.39 | 4.69 | 3.56 |
| Interest Expense Non Operating | 0.15 | 0.15 | 0.15 | 0.22 |
| Interest Income Non Operating | 0.81 | 4.54 | 4.84 | 3.78 |
| Selling And Marketing Expense | 133.89 | 144.45 | 144.56 | 134.46 |
| General And Administrative Expense | 43.42 | 56.50 | 57.64 | 57.63 |
| Other Gand A | 43.42 | 56.50 | 57.64 | 57.63 |
| Operating Revenue | 743.36 | 663.84 | 592.85 | 592.41 |
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 | $545M | - | 1.30 | -8.2% | 20.50 |
| Ethan Allen Interiors Inc. | ETD | $570M | 11.06 | 1.18 | 10.7% | 7.30 |
| Karat Packaging Inc. | KRT | $568M | 18.23 | 3.80 | - | 11.91 |
| ThredUp Inc. | TDUP | $557M | - | 9.27 | -34.1% | -71.31 |
| Miller Industries, Inc. | MLR | $529M | 23.51 |
| 1.26 |
| 5.5% |
| 11.24 |
| Cooper-Standard Holdings Inc. | CPS | $515M | - | -6.13 | 4.5% | 7.47 |
| Bloomin' Brands, Inc. | BLMN | $512M | 60.10 | 1.54 | 2.4% | 8.40 |
| Shoe Carnival, Inc. | SCVL | $503M | 9.63 | 0.73 | 7.6% | 7.56 |
| Stitch Fix, Inc. | SFIX | $501M | - | 2.39 | -14.2% | -105.75 |
| Peer Median | - | 18.23 | 1.40 | 4.5% | 7.52 | |