Johnson Outdoors Inc.

Worth knowing

• Stock pay outran buybacks. Stock-based pay expense $5M vs $1M spent repurchasing shares over the 3 fiscal years to FY Sep 2025.

  Over three fiscal years Johnson Outdoors recorded $5M of stock-based pay expense and spent $1M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Johnson Outdoors recorded $5M of stock-based pay expense and spent $1M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

• Annual revenue fell three years running. Fiscal-year revenue down each year from FY Sep 2022 to FY Sep 2025.

  Johnson Outdoors's fiscal-year revenue declined in each of the three years to FY Sep 2025.

• Valuation signals disagree. Cheaper than 69% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 69% of peers on operating cash profit, but only 0% on earnings.

  Relative to its operating cash profit (EBITDA), Johnson Outdoors looks cheaper than 69% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Johnson Outdoors looks cheaper than 69% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

• Loss over 12 months, profit last quarter. Lost money in the 12 months to July 2026, but made a $15M profit in the quarter to July 2026.

  Johnson Outdoors reported a net loss over the last twelve months, but its most recent quarter was profitable ($15M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.