Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Johnson Outdoors Inc.JOUT · consumer nondurables | |
|---|---|
| Grade |  B/Con the B/C boundary of 124 graded peers; percentile 39.8, sampling error 3.8 points; lower is stronger |
| Rank | 50 of 124 |
| Profitability | Cpercentile 46.0 |
| Solvency | Apercentile 7.1 |
| Growth and financing | Dpercentile 75.9 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $604.1M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: dilution, distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Dec 12, 2025301 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $44.292026-10-08; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Dec 12, 2025; the document on sec.gov.
Johnson Outdoors is a leading global manufacturer and marketer of branded seasonal, outdoor recreation products used primarily for fishing from a boat, diving, paddling, hiking and camping. The Company’s portfolio of well-known consumer brands has attained leading market positions due to innovation, marketing excellence, product performance and quality. Company values and culture support innovation in all areas, promoting and leveraging best practices and synergies within and across its subsidiaries to advance the Company’s strategic vision set by executive management and approved by the Board of Directors. The Company is controlled by Helen P.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 46.0 | |||||||
| Gross profitability | 34.4% | [1,5] | 29.8% | 40.0 | 146 | 2025-10-03 | |
| Return on invested capital | not computable | 5.6% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (14.6%) | [1,6-8] | (5.0%) | 14.5 | 153 | 2025-10-03 | |
| Gross margin stability, five years | 3.7 pts | [2,5,9-16] | 1.9 pts | 83.5 | 116 | 2025-10-03 | |
| Solvency, sleeve percentile 7.1 | |||||||
| Twelve-month failure probability | not computable | 0.03% | |||||
| liabilities and a nearby cover-page share count are required at 2026-07-03 | |||||||
| Altman Z double-prime | 7.23 | [1,17-22] | 3.11 | 11.6 | 122 | 2025-10-03 | |
| Net debt to EBITDA | (45.78x) | [3-4,20,23] | 2.54x | 0.0 | 55 | 2025-10-03 | |
| Interest coverage | not computable | 2.51x | |||||
| latest aligned inputs end 2023-09-29; latest annual assets end 2025-10-03 | |||||||
| Current ratio | 3.91x | [17-18] | 1.81x | 9.6 | 157 | 2025-10-03 | |
| Growth and financing, sleeve percentile 75.9 | |||||||
| Revenue growth, three-year compound | (7.3%) | [2,10,12,14] | 0.2% | 82.6 | 133 | 2025-10-03 | |
| Free cash flow growth, three-year compound | not computable | 14.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 10.7% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (3.9%) | [1,8,24-25] | 0.5% | 69.2 | 134 | 2025-10-03 | |
| Net share issuance, one year | not computable | 0.05% | |||||
| two annual share counts are required; found 0 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.147; sampling error 3.8 percentile points on 124 peers.
Among 124 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 45 | Carters Inc. (CRI) Carters Inc. (CRI) Bsecond fifth; percentile 35.8 NYSE · Apparel & Other Finishd Prods of Fabrics & Similar Matl market equity $1.2B; last close $32.50 No active warnings; 11 of 14 inputs | 35.8 | B | |
| 46 | Ingredion Inc. (INGR) Ingredion Inc. (INGR) B/Con the B/C boundary; percentile 36.6 NYSE · Grain Mill Products market equity $6.0B; last close $95.11 No active warnings; 9 of 14 inputs | 36.6 | B/C | |
| 47 | PVH Corp. (PVH) PVH Corp. (PVH) B/Con the B/C boundary; percentile 37.4 NYSE · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments market equity $3.7B; last close $81.12 No active warnings; 11 of 14 inputs | 37.4 | B/C | |
| 48 | Coca-Cola Consolidated, Inc. (COKE) Coca-Cola Consolidated, Inc. (COKE) B/Con the B/C boundary; percentile 38.2 Nasdaq · Bottled & Canned Soft Drinks & Carbonated Waters last close $191.98 No active warnings; 11 of 14 inputs | 38.2 | B/C | |
| 49 | Coca Cola Co. (KO) Coca Cola Co. (KO) B/Con the B/C boundary; percentile 39.0 NYSE · Beverages market equity $377.6B; last close $87.77 No active warnings; 12 of 14 inputs | 39.0 | B/C | |
| 50 | Johnson Outdoors Inc. (JOUT) Johnson Outdoors Inc. (JOUT) B/Con the B/C boundary; percentile 39.8 Nasdaq · Sporting & Athletic Goods, NEC last close $44.29 Warnings: fortress balance sheet; 8 of 14 inputs | 39.8 | B/C | fortress balance sheet |
| 51 | Seneca Foods Corp. (SENEA) Seneca Foods Corp. (SENEA) B/Con the B/C boundary; percentile 41.1 Nasdaq · Canned, Fruits, Veg, Preserves, Jams & Jellies last close $177.13 No active warnings; 10 of 14 inputs | 41.1 | B/C | |
| 52 | Seneca Foods Corp. (SENEB) Seneca Foods Corp. (SENEB) B/Con the B/C boundary; percentile 41.1 Nasdaq · Canned, Fruits, Veg, Preserves, Jams & Jellies last close $208.53 No active warnings; 10 of 14 inputs | 41.1 | B/C | |
| 53 | Pilgrims Pride Corp. (PPC) Pilgrims Pride Corp. (PPC) B/Con the B/C boundary; percentile 42.3 Nasdaq · Poultry Slaughtering and Processing market equity $6.8B; last close $28.48 No active warnings; 13 of 14 inputs | 42.3 | B/C | |
| 54 | Boston Beer Co. Inc. (SAM) Boston Beer Co. Inc. (SAM) B/Con the B/C boundary; percentile 43.1 NYSE · Malt Beverages last close $171.15 Warnings: fortress balance sheet; 9 of 14 inputs | 43.1 | B/C | fortress balance sheet |
| 55 | Bridgford Foods Corp. (BRID) Bridgford Foods Corp. (BRID) Cmiddle fifth; percentile 43.9 Nasdaq · Sausages & Other Prepared Meat Products market equity $53.6M; last close $5.42 No active warnings; 8 of 14 inputs | 43.9 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 35.5 | 2204 |
| sector peers, equal sleeves (the grade) | B/C | 39.8 | 124 |
| same exchange, equal sleeves | B | 36.9 | 1219 |
| sector peers, equal inputs | B | 26.8 | 124 |
Each letter is one fifth of the 124 graded peers, about 24 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 14.7% | (0.2%) | 65 | hotter than 65 of 100 peers |
| Distance from 52-week high | (17.0%) | (24.8%) | 66 | closer to its high than 66 of 100 peers |
| EBIT to enterprise value | not computable | 4.1% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.8% | required accounting or market input is missing | |
| Book value to price | not computable | 0.57 | required accounting or market input is missing | |
| Sales to price | not computable | 1.20 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (16.3%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | 0.04 | (0.10) | 65 | ahead of 65 of 100 peers |
Inputs: EBIT -$16.2M; free cash flow $40.2M; book equity $430.6M; sales $592.4M; debt $0; cash $175.2M.
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-10-03 | ||
|---|---|---|
| Return on assets above zero | (5.4%) | ✗ fail[6,8] |
| Operating cash flow above zero | $56.2M | ✓ pass[7] |
| Return on assets improved | (1.5 pts) | ✗ fail[6,8,24,26] |
| Operating cash flow exceeds net income | $90.5M | ✓ pass[6-7] |
| Long-term leverage fell | 0.0 pts | ✗ fail[1,4,8,24,27] |
| Current ratio improved | (83.4 pts) | ✗ fail[17-18,28-29] |
| No new shares issued | n/a | |
| Gross margin improved | 1.2 pts | ✓ pass[2,5,9-10] |
| Asset turnover improved | 6.3 pts | ✓ pass[2,8,10,24] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $175.2M[30] |
| Operating cash flow, four quarters | $50.4M[7,30-34] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 63 |
| 10-Q received Aug 7, 2026 | |
| Median daily dollar volume | $1.7M |
| 63 sessions | |
| Days since newest grade input | 301 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $604.1M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $592.4M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $176.4M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $0 | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $208.1M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$34.3M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $56.2M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $635.2M | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $201.0M | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $592.8M | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $244.1M | 2023-09-29 | 2025-12-12 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $663.8M | 2023-09-29 | 2025-12-12 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $271.3M | 2022-09-30 | 2024-12-11 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $743.4M | 2022-09-30 | 2022-12-09 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $334.1M | 2021-10-01 | 2023-12-08 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $751.7M | 2021-10-01 | 2022-12-09 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $408.8M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $104.6M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $321.8M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | -$16.2M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $418.4M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $185.7M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 23 | depreciation amortization | us-gaap:Depreciation | $20.0M | 2025-10-03 | 2025-12-12 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $681.6M | 2023-09-29 | 2025-12-12 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $679.9M | 2022-09-30 | 2023-12-08 | 10-K | filing · viewer · series |
| 26 | net income | us-gaap:NetIncomeLoss | -$26.5M | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 27 | long term debt | us-gaap:LongTermDebt | $0 | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $428.7M | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $90.4M | 2024-09-27 | 2025-12-12 | 10-K | filing · viewer · series |
| 30 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $175.2M | 2026-07-03 | 2026-08-07 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $27.0M | 2026-07-03 | 2026-08-07 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$50.7M | 2026-04-03 | 2026-05-08 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$38.4M | 2026-01-02 | 2026-02-06 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $32.8M | 2025-06-27 | 2026-08-07 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 39.8 is 0.2 points from the nearest band edge; sampling error is 3.8 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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