The Filing Desk

Johnson Outdoors vs Malibu Boats

Johnson Outdoors JOUT · Malibu Boats MBUU · Leisure Products

Malibu Boats reported revenue of $915 million in fiscal 2026, 1.5 times Johnson Outdoors' $592 million in fiscal 2025. Johnson Outdoors' revenue fell 0.1% in its latest year, and Malibu Boats' grew 13.2%. Johnson Outdoors had an operating margin of -2.7%, against 0.3% at Malibu Boats. Free cash flow was $40 million at Johnson Outdoors and $43 million at Malibu Boats. Their fiscal years end in different months (October 3 and June 30), so the periods don't line up exactly.

Side by side

Johnson OutdoorsMalibu Boats
Latest fiscal yearFY2025, Oct 3, 2025FY2026, Jun 30, 2026
Revenue$592M$915M
Revenue growth−0.1%13.2%
Revenue growth a year, last 5 years−0.1%−0.3%
Gross margin35.1%16.0%
Operating margin−2.7%0.3%
Net margin−5.8%0.2%
Free cash flow$40M$43M
Free cash flow margin6.8%4.7%
Return on capital−4.7%0.4%
Net debt to EBITDA−39.8x1.9x
Dividends and buybacks$14M$34M
Change in diluted share count0.4%−1.8%
Last close$47.28$20.22
P/E at the last close—48.1×
Insider trades, last 12 months——
Piotroski F-score4 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Johnson OutdoorsMalibu Boats
Operating margin
Percent of revenue
Johnson OutdoorsMalibu Boats
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Johnson OutdoorsMalibu Boats

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Johnson Outdoors and Malibu Boats pages.