Johnson Outdoors (JOUT) financial statements
Johnson Outdoors reported revenue of $592M in fiscal 2025, up 3.5% a year over 9 years.
Net income was -$34M and the operating margin -2.7%, against 5.3% in 2016.
Free cash flow was $40M, and the company returned $14M in dividends and $121,000 in net buybacks.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Johnson Outdoors's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $434M | $491M | $544M | $562M | $594M | $752M | $743M | $664M | $593M | $592M |
| Cost of revenue | $257M | $280M | $302M | $313M | $329M | $418M | $472M | $420M | $392M | $384M |
| Gross profit | $176M | $211M | $242M | $250M | $265M | $334M | $271M | $244M | $201M | $208M |
| Research and development | $18M | $19M | $20M | $22M | $25M | $26M | $28M | $31M | $31M | $32M |
| Selling, general and admin | $129M | $146M | $158M | $164M | $169M | $197M | $177M | $201M | $202M | $192M |
| Operating income | $23M | $46M | $63M | $64M | $71M | $111M | $66M | $12M | -$44M | -$16M |
| Interest expense | $727,000 | $757,000 | $203,000 | $172,000 | $143,000 | $145,000 | $153,000 | $152,000 | $152,000 | $224,000 |
| Pre-tax income | $24M | $48M | $68M | $67M | $74M | $113M | $59M | $26M | -$30M | -$9M |
| Income tax | $10M | $13M | $27M | $15M | $18M | $30M | $14M | $6M | -$3M | $25M |
| Net income | $14M | $35M | $41M | $51M | $55M | $83M | $44M | $20M | -$27M | -$34M |
| Diluted shares | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M |
| Gross margin | 40.7% | 43.0% | 44.4% | 44.4% | 44.6% | 44.5% | 36.5% | 36.8% | 33.9% | 35.1% |
| Operating margin | 5.3% | 9.3% | 11.6% | 11.3% | 12.0% | 14.8% | 8.9% | 1.8% | -7.3% | -2.7% |
| Net margin | 3.1% | 7.2% | 7.5% | 9.1% | 9.3% | 11.1% | 6.0% | 2.9% | -4.5% | -5.8% |
Balance sheet
Fiscal years, from Johnson Outdoors's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $87M | $110M | $151M | $172M | $212M | $240M | $130M | $139M | $162M | $176M |
| Receivables | $42M | $47M | $41M | $45M | $67M | $71M | $92M | $43M | $41M | $50M |
| Inventory | $68M | $79M | $89M | $94M | $97M | $167M | $249M | $261M | $210M | $171M |
| Total current assets | $202M | $241M | $286M | $323M | $389M | $491M | $480M | $459M | $429M | $409M |
| Property, plant and equipment | $49M | $49M | $56M | $59M | $63M | $72M | $89M | $94M | $97M | $94M |
| Goodwill | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $0 | $10M |
| Total assets | $310M | $354M | $396M | $436M | $546M | $674M | $680M | $682M | $635M | $604M |
| Total current liabilities | $68M | $84M | $93M | $88M | $106M | $138M | $115M | $104M | $90M | $105M |
| Long-term debt | $7M | $0 | — | — | — | — | — | — | — | — |
| Total liabilities | $103M | $111M | $117M | $112M | $168M | $216M | $192M | $182M | $172M | $186M |
| Shareholders' equity | $207M | $243M | $279M | $325M | $378M | $459M | $488M | $500M | $463M | $418M |
| Net debt | -$80M | -$64M | -$122M | -$172M | -$212M | -$240M | -$130M | -$112M | -$145M | -$176M |
Cash flow
Fiscal years, from Johnson Outdoors's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43M | $46M | $63M | $46M | $61M | $58M | -$62M | $42M | $41M | $56M |
| Capital spending | $12M | $12M | $19M | $17M | $16M | $21M | $32M | $23M | $22M | $16M |
| Free cash flow | $32M | $35M | $44M | $29M | $46M | $37M | -$94M | $19M | $19M | $40M |
| Stock-based compensation | $2M | $2M | $2M | $2M | $3M | $4M | $4M | $2M | $1M | $1M |
| Dividends paid | $3M | $4M | $4M | $6M | $7M | $8M | $12M | $13M | $13M | $14M |
| Share buybacks (net) | -$2M | -$663,000 | -$675,000 | -$708,000 | -$460,000 | -$495,000 | -$509,000 | -$444,000 | -$436,000 | -$121,000 |
| Net borrowing | -$332,000 | -$7M | $0 | $0 | — | — | — | — | — | — |
| Free cash flow margin | 7.3% | 7.1% | 8.1% | 5.2% | 7.7% | 4.9% | -12.6% | 2.9% | 3.2% | 6.8% |
| Dividends per share | $0.32 | $0.36 | $0.44 | $0.55 | $0.67 | $0.83 | $1.19 | $1.23 | $1.31 | $1.32 |
Questions
What was Johnson Outdoors's revenue in 2025?
$592M in fiscal 2025, from its 10-K filing.
How much free cash flow does Johnson Outdoors generate?
$40M in fiscal 2025 (operating cash flow minus capital spending).
From Johnson Outdoors's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.