Filing Flows › Johnson Outdoors (JOUT) › Q3 FY26 › vs Q2 FY26
Johnson Outdoors (JOUT) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Johnson Outdoors's revenue fell $4.7M (-2%) from $194M in Q2 FY26 to $190M in Q3 FY26. The biggest changes: Fishing −$9.1M (-6%); Diving +$6.0M (+35%); Camping & Watercraft Recreation −$1.6M (-9%). Gross margin 45.3% against 38.8% (+6.5 pts).
Johnson Outdoors, Q3 FY26: revenue $190M (+5% year over year), operating margin 9.7%, net earnings $14.9M, operating cash flow $77.7M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 45.3% | 38.8% | +6.5 pts |
| Operating margin | 9.7% | 5.3% | +4.3 pts |
| Net margin | 7.9% | 4.8% | +3.0 pts |
| Free cash flow margin | 37.9% | -9.5% | +47.4 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Fishing | $150M | $159M | −$9.1M | -6% |
| Diving | $23.3M | $17.3M | $6.0M | +35% |
| Camping & Watercraft Recreation | $16.4M | $18.0M | −$1.6M | -9% |
| Revenue | $190M | $194M | −$4.7M | -2% |
| Gross profit | $85.9M | $75.5M | $10.4M | +14% |
| Cost of revenue | $104M | $119M | −$15.2M | -13% |
| Other income, net | $4.9M | −$142K | $5.1M | — |
| Operating profit | $18.3M | $10.3M | $8.0M | +77% |
| Operating expenses | $67.6M | $65.1M | $2.5M | +4% |
| Pre-tax earnings | $23.3M | $10.2M | $13.1M | +128% |
| Research & development | $8.7M | $8.6M | $116K | +1% |
| Sales & marketing | $41.8M | $43.3M | −$1.5M | -3% |
| General & admin | $17.1M | $13.3M | $3.8M | +29% |
| Net earnings | $14.9M | $9.4M | $5.5M | +59% |
| Income tax | $8.3M | $798K | $7.5M | +943% |
| Depreciation & amortization | $4.9M | $5.0M | −$80K | -2% |
| Share-based compensation | $955K | $948K | $7K | +0.7% |
| Working capital & other | $56.9M | −$27.6M | $84.5M | — |
| Operating cash flow | $77.7M | −$12.3M | $90.0M | — |
| Free cash flow (OCF − capex) | $71.8M | −$18.5M | $90.3M | — |
| Capital expenditures | $5.9M | $6.2M | −$349K | -6% |
Questions
How much did Johnson Outdoors's revenue grow quarter over quarter in Q3 FY26?
Johnson Outdoors's revenue fell $4.7M (-2%) from $194M in Q2 FY26 to $190M in Q3 FY26.
What drove Johnson Outdoors's revenue change in Q3 FY26?
Fishing −$9.1M (-6%); Diving +$6.0M (+35%); Camping & Watercraft Recreation −$1.6M (-9%).