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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and JOHNSON OUTDOORS INC (JOUT). Click either name above to swap in a different company.

DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $140.9M, roughly 1.7× JOHNSON OUTDOORS INC). DONEGAL GROUP INC runs the higher net margin — 4.9% vs -2.3%, a 7.2% gap on every dollar of revenue. On growth, JOHNSON OUTDOORS INC posted the faster year-over-year revenue change (30.9% vs -3.7%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-2.2% CAGR vs -10.5%).

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

Johnson Outdoors Inc. produces outdoor recreational products such as watercraft, diving equipment, camping gear, and outdoor clothing. It has operations in 24 locations worldwide, employs 1,400 people and reports sales of more than $315 million. Helen Johnson-Leipold, one of Samuel Curtis Johnson, Jr.'s four children, has run the company since 1999.

DGICA vs JOUT — Head-to-Head

Bigger by revenue
DGICA
DGICA
1.7× larger
DGICA
$236.0M
$140.9M
JOUT
Growing faster (revenue YoY)
JOUT
JOUT
+34.7% gap
JOUT
30.9%
-3.7%
DGICA
Higher net margin
DGICA
DGICA
7.2% more per $
DGICA
4.9%
-2.3%
JOUT
Faster 2-yr revenue CAGR
DGICA
DGICA
Annualised
DGICA
-2.2%
-10.5%
JOUT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DGICA
DGICA
JOUT
JOUT
Revenue
$236.0M
$140.9M
Net Profit
$11.5M
$-3.3M
Gross Margin
36.6%
Operating Margin
-2.1%
Net Margin
4.9%
-2.3%
Revenue YoY
-3.7%
30.9%
Net Profit YoY
-54.3%
78.4%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DGICA
DGICA
JOUT
JOUT
Q1 26
$236.0M
$140.9M
Q4 25
$239.8M
$135.8M
Q3 25
$245.9M
Q2 25
$247.1M
$180.7M
Q1 25
$245.2M
$168.3M
Q4 24
$250.0M
$107.6M
Q3 24
$251.7M
$105.9M
Q2 24
$246.8M
$172.5M
Net Profit
DGICA
DGICA
JOUT
JOUT
Q1 26
$11.5M
$-3.3M
Q4 25
$17.2M
$-29.1M
Q3 25
$20.1M
Q2 25
$16.9M
$7.7M
Q1 25
$25.2M
$2.3M
Q4 24
$24.0M
$-15.3M
Q3 24
$16.8M
$-34.3M
Q2 24
$4.2M
$1.6M
Gross Margin
DGICA
DGICA
JOUT
JOUT
Q1 26
36.6%
Q4 25
36.2%
Q3 25
Q2 25
37.6%
Q1 25
35.0%
Q4 24
29.9%
Q3 24
23.5%
Q2 24
35.8%
Operating Margin
DGICA
DGICA
JOUT
JOUT
Q1 26
-2.1%
Q4 25
8.7%
-6.0%
Q3 25
10.2%
Q2 25
8.3%
4.1%
Q1 25
12.7%
2.9%
Q4 24
11.9%
-18.8%
Q3 24
8.1%
-40.4%
Q2 24
2.0%
-0.3%
Net Margin
DGICA
DGICA
JOUT
JOUT
Q1 26
4.9%
-2.3%
Q4 25
7.2%
-21.4%
Q3 25
8.2%
Q2 25
6.8%
4.3%
Q1 25
10.3%
1.4%
Q4 24
9.6%
-14.2%
Q3 24
6.7%
-32.4%
Q2 24
1.7%
0.9%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DGICA
DGICA
JOUT
JOUT
Cash + ST InvestmentsLiquidity on hand
$130.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$649.1M
$413.5M
Total Assets
$2.4B
$600.1M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGICA
DGICA
JOUT
JOUT
Q1 26
$130.7M
Q4 25
$176.4M
Q3 25
Q2 25
$161.0M
Q1 25
$94.0M
Q4 24
$101.6M
Q3 24
$162.0M
Q2 24
$148.4M
Total Debt
DGICA
DGICA
JOUT
JOUT
Q1 26
$0
Q4 25
$0
Q3 25
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
DGICA
DGICA
JOUT
JOUT
Q1 26
$649.1M
$413.5M
Q4 25
$640.4M
$418.4M
Q3 25
$627.4M
Q2 25
$605.7M
$450.5M
Q1 25
$584.7M
$441.1M
Q4 24
$545.8M
$440.3M
Q3 24
$513.4M
$463.4M
Q2 24
$484.1M
$498.7M
Total Assets
DGICA
DGICA
JOUT
JOUT
Q1 26
$2.4B
$600.1M
Q4 25
$2.4B
$604.1M
Q3 25
$2.4B
Q2 25
$2.4B
$634.5M
Q1 25
$2.4B
$624.5M
Q4 24
$2.3B
$612.9M
Q3 24
$2.3B
$635.2M
Q2 24
$2.3B
$679.8M
Debt / Equity
DGICA
DGICA
JOUT
JOUT
Q1 26
0.00×
Q4 25
0.00×
Q3 25
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DGICA
DGICA
JOUT
JOUT
Operating Cash FlowLast quarter
$-38.4M
Free Cash FlowOCF − Capex
$-42.7M
FCF MarginFCF / Revenue
-30.3%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DGICA
DGICA
JOUT
JOUT
Q1 26
$-38.4M
Q4 25
$70.2M
$23.4M
Q3 25
$22.4M
Q2 25
$12.1M
$71.4M
Q1 25
$25.7M
$-1.7M
Q4 24
$67.4M
$-36.9M
Q3 24
$12.7M
$19.1M
Q2 24
$21.7M
$73.7M
Free Cash Flow
DGICA
DGICA
JOUT
JOUT
Q1 26
$-42.7M
Q4 25
$19.2M
Q3 25
Q2 25
$66.9M
Q1 25
$-5.0M
Q4 24
$-41.0M
Q3 24
$13.5M
Q2 24
$67.4M
FCF Margin
DGICA
DGICA
JOUT
JOUT
Q1 26
-30.3%
Q4 25
14.2%
Q3 25
Q2 25
37.0%
Q1 25
-2.9%
Q4 24
-38.1%
Q3 24
12.8%
Q2 24
39.1%
Capex Intensity
DGICA
DGICA
JOUT
JOUT
Q1 26
3.0%
Q4 25
3.1%
Q3 25
Q2 25
2.5%
Q1 25
2.0%
Q4 24
3.8%
Q3 24
5.3%
Q2 24
3.6%
Cash Conversion
DGICA
DGICA
JOUT
JOUT
Q1 26
Q4 25
4.08×
Q3 25
1.11×
Q2 25
0.72×
9.22×
Q1 25
1.02×
-0.72×
Q4 24
2.81×
Q3 24
0.76×
Q2 24
5.22×
45.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DGICA
DGICA

Segment breakdown not available.

JOUT
JOUT

Fishing Segment$112.1M80%
Diving Segment$18.0M13%
Camping Watercraft Recreation Segment$10.6M8%

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