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Companies $JOUT
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Johnson Outdoors Inc

johnsonoutdoors.com

What Do They Do?

Sells trolling motors, sonar and GPS equipment, and related fishing gear to anglers and boat makers. Also sells camping and paddling products and recreational diving equipment to campers, paddlers and divers.

How Do They Make Money?

Customers order specific products and generally pay on short-term credit; point-of-sale purchases are paid on delivery.

revenue
SegmentShareRevenue
Fishing
Sold outright

78%
FY2022: 71%
Camping & Watercraft
Sold outright

9.8%
Diving Segment
Sold outright

13%
FY2022: 11%

Who Are Their Customers?

Fishing buyers include outdoor and retail chains, distributors serving independent dealers, boat makers and direct consumers. Camping and paddling goods are sold through specialty stores, retailers and dealers, with direct website sales; diving products go through specialty dive stores and also to training centers, resorts, public safety units and direct buyers.

Do Revenues Turn Into Profits?

Not on paper. It lost $34.3M in FY2025, but brought in more cash than it spent: $40.2M of free cash flow.

Operating income, FY2025
−3% of revenue
▼ −63% (Loss) vs FY2024 (−$43.5M, −7%)
Net income, FY2025
−6% of revenue
▲ +29% (Loss) vs FY2024 (−$26.5M, −4%)
Free cash flow, FY2025
7% of revenue
▲ +112% vs FY2024 ($19M, 3%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Jul 3, 2026
Revenue
▲ +5%
vs $180.7M in Q3 FY2025
Net income
▲ +93%
vs $7.7M in Q3 FY2025
Fishing share of revenue vs 77.9% in Q3 FY2025
  • Jun 22, 2026 Appointed Asad Rahman as chief financial officer David W. Johnson will step down from the role and assist with the transition through fiscal year-end.

Shrinking. Revenue fell 21% in 4 years, from $751.7M in FY2021 to $592.4M in FY2025, about 6% a year.

Eureka! brand exit The earlier report describes Eureka! consumer, commercial and military tents and camping products; the latest says the company exited the brand and finished its remaining inventory sales.

Broader Old Town product line The latest report describes Old Town canoes and kayaks alongside advanced personal watercraft equipment; the older report describes canoes and kayaks under Ocean Kayak and Old Town.

Revenue over time
Fishing Camping & Watercraft Diving Segment Other / Corporate Camping Diving Watercraft Recreation Camping Watercraft Recreation
$1B$500M$0

Who Do They Compete With?

Competes with Lowrance, Garmin, Power-Pole, Big Jon Sports, Walker, Scotty, MSR, Hobie, Pelican International, Wenonah Canoe, Jackson Kayak, Legacy Paddlesports, Aqua Lung, Suunto, Atomic Aquatics, Oceanic, Cressi, and Mares

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