JOUT (Johnson Outdoors) Operating Income: $6.6 Mil (TTM As of Mar. 2026)


JOUT Johnson Outdoors Inc JOUT
73 GF Score
Price $43.94
GF Value $44.35
Valuation Fairly Valued
! 3 Warning Signs
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What is Johnson Outdoors Operating Income?

Johnson Outdoors JOUT -0.81% 73 Operating Income is $6.6 Mil as of Mar. 2026. GuruFocus rates JOUT with a GF Score™ of 73/100 and a GF Value™ of $44.35 (Fairly Valued). The stock has 3 warning signs investors should review.

Johnson Outdoors's Operating Income for the three months ended in Mar. 2026 was $10.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $6.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Johnson Outdoors's Operating Income for the three months ended in Mar. 2026 was $10.3 Mil. Johnson Outdoors's Revenue for the three months ended in Mar. 2026 was $194.5 Mil. Therefore, Johnson Outdoors's Operating Margin % for the quarter that ended in Mar. 2026 was 5.32%.

Johnson Outdoors's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Johnson Outdoors's annualized ROC % for the quarter that ended in Mar. 2026 was 9.97%. Johnson Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.41%.


Johnson Outdoors  (NAS:JOUT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Johnson Outdoors's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=41.396 * ( 1 - 7.82% )/( (369.281 + 396.094)/ 2 )
=38.1588328/382.6875
=9.97 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=600.133 - 100.121 - ( 130.731 - max(0, 108.195 - 409.034+130.731))
=369.281

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=618.273 - 114.303 - ( 107.876 - max(0, 122.781 - 427.728+107.876))
=396.094

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Johnson Outdoors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=41.02/( ( (138.465 + max(178.182, 0)) + (138.669 + max(205.549, 0)) )/ 2 )
=41.02/( ( 316.647 + 344.218 )/ 2 )
=41.02/330.4325
=12.41 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(85.108 + 183.94 + 9.255) - (100.121 + 0 + 0)
=178.182

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(126.852 + 186.9 + 6.1) - (114.303 + 0 + 1.4210854715202E-14)
=205.549

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Johnson Outdoors's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=10.349/194.48
=5.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Johnson Outdoors Operating Income Related Terms


Johnson Outdoors Operating Income Historical Data

* Premium members only.

The historical data trend for Johnson Outdoors's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Johnson Outdoors Operating Income Chart

Johnson Outdoors Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.28 66.31 11.74 -32.35 -16.19

Johnson Outdoors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.90 7.33 -8.18 -2.91 10.35
JOUT
73GF Score
Johnson Outdoors Inc JOUT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Johnson Outdoors Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $6.6 Mil mean?
Johnson Outdoors (JOUT) has a Operating Income of $6.6 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Johnson Outdoors and its competitors.
Is Johnson Outdoors' Operating Income too high?
Johnson Outdoors' current Operating Income is $6.6 Mil. Overall, Johnson Outdoors has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Johnson Outdoors' Operating Income compare to FNKO and XPOF?
Johnson Outdoors' Operating Income of $6.6 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Johnson Outdoors and its competitors. Johnson Outdoors's current Operating Income is $6.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johnson Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Johnson Outdoors (JOUT) is currently considered Fairly Valued. The stock's GF Value™ is $44.35, compared to a current price of $43.94 — trading 0.9% below its estimated fair value. The current Operating Income is $6.6 Mil. Johnson Outdoors' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Johnson Outdoors (JOUT), the current Operating Income is $6.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Johnson Outdoors (JOUT) Overvalued in 2026?

Based on GuruFocus' analysis, Johnson Outdoors stock appears to be undervalued. The current stock price of $43.94 is trading 0.9% below its estimated GF Value™ of $44.35. GuruFocus considers Johnson Outdoors to be Fairly Valued.

Key valuation signals for JOUT:

  • Operating Income: $6.6 Mil
  • GF Value™: $44.35 vs. price of $43.94 (0.9% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the JOUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Johnson Outdoors Business Description

Address 555 Main Street, Racine, WI, USA, 53403
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products used for fishing from a boat, diving, paddling, hiking and camping. The company has four operating segment: Fishing, Camping, Watercraft Recreation, and Diving. It generates maximum revenue from the Fishing segment which produces and markets products under different brands such as Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers and shallow water anchors; Humminbird sonar and GPS equipment for fish finding, navigation and marine cartography; and Cannon downriggers for controlled-depth fishing. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, Canada, and other regions.
73GF Score

Get the complete analysis for JOUT

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$43.94
Price
$44.35
GF Value