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Side-by-side financial comparison of JOHNSON OUTDOORS INC (JOUT) and Solo Brands, Inc. (SBDS). Click either name above to swap in a different company.
JOHNSON OUTDOORS INC is the larger business by last-quarter revenue ($140.9M vs $94.0M, roughly 1.5× Solo Brands, Inc.). JOHNSON OUTDOORS INC runs the higher net margin — -2.3% vs -88.4%, a 86.1% gap on every dollar of revenue. On growth, JOHNSON OUTDOORS INC posted the faster year-over-year revenue change (30.9% vs -34.5%). Over the past eight quarters, Solo Brands, Inc.'s revenue compounded faster (5.0% CAGR vs -10.5%).
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.
Conagra Brands, Inc. is an American consumer packaged goods holding company that makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. Headquartered in Chicago, Illinois, Conagra was founded in Nebraska in 1919 and was originally called Nebraska Consolidated Mills.
JOUT vs SBDS — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $140.9M | $94.0M |
| Net Profit | $-3.3M | $-83.2M |
| Gross Margin | 36.6% | 60.6% |
| Operating Margin | -2.1% | -81.7% |
| Net Margin | -2.3% | -88.4% |
| Revenue YoY | 30.9% | -34.5% |
| Net Profit YoY | 78.4% | -42.9% |
| EPS (diluted) | — | $-45.73 |
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.
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $94.0M | ||
| Q3 25 | — | $53.0M | ||
| Q2 25 | $180.7M | $92.3M | ||
| Q1 25 | $168.3M | $77.3M | ||
| Q4 24 | $107.6M | $143.5M | ||
| Q3 24 | $105.9M | $94.1M | ||
| Q2 24 | $172.5M | $131.6M |
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | $-83.2M | ||
| Q3 25 | — | $-22.9M | ||
| Q2 25 | $7.7M | $-20.8M | ||
| Q1 25 | $2.3M | $-18.6M | ||
| Q4 24 | $-15.3M | $-58.2M | ||
| Q3 24 | $-34.3M | $-111.5M | ||
| Q2 24 | $1.6M | $-4.0M |
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | 60.6% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | 37.6% | 61.3% | ||
| Q1 25 | 35.0% | 55.2% | ||
| Q4 24 | 29.9% | 61.1% | ||
| Q3 24 | 23.5% | 41.8% | ||
| Q2 24 | 35.8% | 62.8% |
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | -81.7% | ||
| Q3 25 | — | -30.5% | ||
| Q2 25 | 4.1% | -10.7% | ||
| Q1 25 | 2.9% | -13.8% | ||
| Q4 24 | -18.8% | -38.5% | ||
| Q3 24 | -40.4% | -122.5% | ||
| Q2 24 | -0.3% | 1.7% |
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | -88.4% | ||
| Q3 25 | — | -43.2% | ||
| Q2 25 | 4.3% | -22.5% | ||
| Q1 25 | 1.4% | -24.0% | ||
| Q4 24 | -14.2% | -40.6% | ||
| Q3 24 | -32.4% | -118.4% | ||
| Q2 24 | 0.9% | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-45.73 | ||
| Q3 25 | — | $-9.22 | ||
| Q2 25 | — | $-8.93 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-27.74 | ||
| Q3 24 | — | $-47.72 | ||
| Q2 24 | — | $-2.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $130.7M | $20.0M |
| Total DebtLower is stronger | $0 | $242.1M |
| Stockholders' EquityBook value | $413.5M | $46.0M |
| Total Assets | $600.1M | $360.3M |
| Debt / EquityLower = less leverage | 0.00× | 5.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $20.0M | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | $161.0M | $18.1M | ||
| Q1 25 | $94.0M | $206.4M | ||
| Q4 24 | $101.6M | $12.0M | ||
| Q3 24 | $162.0M | $12.5M | ||
| Q2 24 | $148.4M | $20.1M |
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $242.1M | ||
| Q3 25 | — | $235.2M | ||
| Q2 25 | $0 | $238.4M | ||
| Q1 25 | $0 | $427.9M | ||
| Q4 24 | $0 | $150.7M | ||
| Q3 24 | $0 | $161.1M | ||
| Q2 24 | $0 | $162.2M |
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $46.0M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | $450.5M | $113.2M | ||
| Q1 25 | $441.1M | $121.7M | ||
| Q4 24 | $440.3M | $133.7M | ||
| Q3 24 | $463.4M | $168.0M | ||
| Q2 24 | $498.7M | $236.7M |
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $360.3M | ||
| Q3 25 | — | $431.0M | ||
| Q2 25 | $634.5M | $459.7M | ||
| Q1 25 | $624.5M | $692.4M | ||
| Q4 24 | $612.9M | $495.1M | ||
| Q3 24 | $635.2M | $553.2M | ||
| Q2 24 | $679.8M | $642.0M |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 5.26× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 0.00× | 2.11× | ||
| Q1 25 | 0.00× | 3.52× | ||
| Q4 24 | 0.00× | 1.13× | ||
| Q3 24 | 0.00× | 0.96× | ||
| Q2 24 | 0.00× | 0.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-38.4M | $6.4M |
| 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.
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $6.4M | ||
| Q3 25 | — | $11.2M | ||
| Q2 25 | $71.4M | $10.9M | ||
| Q1 25 | $-1.7M | $-75.2M | ||
| Q4 24 | $-36.9M | $13.0M | ||
| Q3 24 | $19.1M | $378.0K | ||
| Q2 24 | $73.7M | $15.7M |
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $66.9M | — | ||
| Q1 25 | $-5.0M | $-78.4M | ||
| Q4 24 | $-41.0M | $9.0M | ||
| Q3 24 | $13.5M | $-5.9M | ||
| Q2 24 | $67.4M | $12.8M |
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | -2.9% | -101.5% | ||
| Q4 24 | -38.1% | 6.3% | ||
| Q3 24 | 12.8% | -6.3% | ||
| Q2 24 | 39.1% | 9.8% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.0% | 4.2% | ||
| Q4 24 | 3.8% | 2.8% | ||
| Q3 24 | 5.3% | 6.7% | ||
| Q2 24 | 3.6% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.22× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 45.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
SBDS
| Sales Channel Directly To Consumer | $65.4M | 70% |
| Sales Channel Through Intermediary | $28.6M | 30% |
