Owner Scorecard


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An industry chapter · Leisure Products

Leisure Products

18 members, 7309 to YETI, A to Z by ticker.

Gross profitability
median 35% — gross profit as a share of total assets, each member's median across its readable years; read on 17 of 18 members
Capital intensity
median 2.9% — capital expenditure as a share of revenue, each member's median across its readable years; read on 17 of 18 members
Net cash
5 of the 18 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

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7309 Shimano

Revenue is Bicycle Components (76%) and Fishing Tackle (24%).

Owner earnings 2016–2025 ¥48.5B¥56.4B¥32.1B¥49.8B¥72.8B¥96.3B¥90.4B¥89.8B¥62.0B¥36.6B

Retained capital Retained ¥318.3B of earnings over 2016–2025; annual owner earnings grew ¥17.1B, ¥0.05 per ¥1 retained.

Balance sheet Net cash, +¥468.8B · dividend paid 10 of 10 yrs, cut at least once

7832 Bandai Namco Holdings

A diversified business; where the profit really comes from, and whether it is earned or bought, is what the segment detail settles.

Owner earnings 2017–2026 ¥54.7B¥31.6B¥69.7B¥26.2B¥44.5B¥102.0B¥70.2B¥64.2B¥153.8B¥128.9B

Retained capital Retained ¥414.1B of earnings over 2017–2026; annual owner earnings grew ¥63.6B, ¥0.15 per ¥1 retained.

Balance sheet Net cash, +¥400.3B · dividend paid 10 of 10 yrs, cut at least once

7951 Yamaha Corporation

A diversified business; where the profit really comes from, and whether it is earned or bought, is what the segment detail settles.

Owner earnings 2017–2026 ¥25.9B¥24.5B¥15.3B¥36.7B¥45.7B¥21.5B(¥35.6B)¥20.9B¥32.3B¥31.6B

Retained capital Retained ¥58.9B of earnings over 2017–2026; annual owner earnings grew ¥6.4B, ¥0.11 per ¥1 retained.

Balance sheet Net cash, +¥92.8B · dividend paid 10 of 10 yrs, never cut

BC Brunswick

Brunswick Corporation is a global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond.

Owner earnings 2016–2025 $331M$313M$213M$296M$616M$396M$355M$444M$264M$396M

Retained capital Paid out $236M more than it earned over 2016–2025; annual owner earnings grew $82M.

Balance sheet Net debt against an operating loss, $1.8B · buybacks at an average near $64.89 · dividend paid 10 of 10 yrs, never cut

CALY Callaway Golf Company

We sell our Golf Equipment and Apparel, Gear and Other products in the United States and internationally, with our principal international regions being Europe and Asia.

Owner earnings 2016–2025 $62M$100M$72M$52M$189M$123M($228M)$315M$333M$302M

Retained capital Paid out $1.3B more than it earned over 2016–2025; annual owner earnings grew $239M.

Balance sheet Heavy net debt, $513M · dividend paid 5 of 10 yrs, cut at least once

DOO BRP Inc.

In 2012, BRP decided to cease the manufacturing of sport boats and announced that it would offer its jet boat propulsion technology to boat builders.

Owner earnings 2018–2026 C$412MC$384MC$275MC$701MC$496MC$339MC$1.3BC$292MC$915M

Retained capital Retained C$276M of earnings over 2018–2026; annual owner earnings grew C$467M.

Balance sheet Heavy net debt, C$1.9B · dividend paid 9 of 9 yrs, cut at least once

FNKO Funko Inc.

Funko is a leading pop culture consumer products company .

Owner earnings 2016–2025 $28M($10M)$23M$49M$90M$60M($99M)($4M)$91M($38M)

Retained capital Paid out $146M more than it earned over 2016–2025; annual owner earnings grew $2M.

Balance sheet Net debt against an operating loss, $183M

GOLF Acushnet Holdings Corp.

We are the global leader in the design, development, manufacture and distribution of performance driven golf products, and these products are widely recognized for their quality excellence.

Owner earnings 2016–2025 $85M($46M)$131M$101M$240M$277M($109M)$320M$189M$139M

Retained capital Retained $2M of earnings over 2016–2025; annual owner earnings grew $160M.

Balance sheet Meaningful net debt, $893M · buybacks at an average near $52.65 · dividend paid 9 of 10 yrs, never cut

HAS Hasbro Inc.

Hasbro Inc. is a leading game, intellectual property, and toy company whose mission is to create joy and community through the magic of play.

Owner earnings 2016–2025 $662M$590M$506M$520M$851M$685M$245M$590M$760M$830M

Retained capital Paid out $3.1B more than it earned over 2016–2025; annual owner earnings grew $141M.

Balance sheet Heavy net debt, $2.5B · dividend paid 10 of 10 yrs, never cut

JOUT Johnson Outdoors Inc.

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.

Owner earnings 2016–2025 $32M$35M$50M$29M$46M$45M($76M)$25M$19M$40M

Retained capital Retained $193M of earnings over 2016–2025; annual owner earnings fell $11M, $-0.06 per $1 retained.

Balance sheet Net cash, debt-free, +$176M · dividend paid 10 of 10 yrs, never cut

KBSX FST Corp.

FST Corp. is a renowned manufacturer and innovator in the golf industry with a growing portfolio of innovative golf products, including acclaimed golf club shafts and other equipment.

Owner earnings 2023–2025 ($13M)($4M)($2M)

Retained capital not read

Balance sheet Net debt against an operating loss, $6M

KMRK K-Tech Solutions Company Limited

A consumer-brand business, where the durable asset is the brand and the pricing power it commands.

Owner earnings FY2023 ($321K)

Retained capital not read

Balance sheet Modest net debt, $1M

MAT Mattel

Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world.

Owner earnings 2016–2025 $454M($157M)($102M)$118M$226M$408M$337M$784M$665M$483M

Retained capital Paid out $953M more than it earned over 2016–2025; annual owner earnings grew $579M.

Balance sheet Modest net debt, $1.1B · dividend paid 2 of 10 yrs, cut at least once

PII Polaris Inc.

We design, engineer, manufacture and market powersports vehicles which include: off-road vehicles, including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; moto-roadsters; quadricycles; and boats.

Owner earnings 2016–2025 $380M$401M$252M$404M$814M$77M$276M$667M$7M$558M

Retained capital Paid out $1.2B more than it earned over 2016–2025; annual owner earnings grew $66M.

Balance sheet Net debt against an operating loss, $1.9B · buybacks at an average near $105 · dividend paid 10 of 10 yrs, never cut

PTON Peloton Interactive Inc.

Peloton is a leading global fitness and wellness company that empowers its Members to live fit, strong, long, and happy by providing fitness and wellness products and services they can use anytime, anywhere.

Owner earnings 2018–2025 $43M($130M)$336M($304M)($2.2B)($470M)($86M)$324M

Retained capital not read

Balance sheet Net debt against an operating loss, $708M

THO Thor Industries

Our European recreational vehicle operations include nine primary RV production locations producing numerous brands within Europe, including Buccaneer, Buerstner, Carado, CrossCamp, Dethleffs, Elddis, Eriba, Etrusco, Hymer, Laika, LMC, Niesmann+Bischoff, Sunlight and Xplore.

Owner earnings 2016–2025 $289M$304M$373M$381M$435M$395M$750M$773M$406M$456M

Retained capital Retained $3.5B of earnings over 2016–2025; annual owner earnings grew $223M, $0.06 per $1 retained.

Balance sheet Modest net debt, $336M · buybacks at an average near $86.32 · dividend paid 4 of 10 yrs, never cut

WGO Winnebago Industries

Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities.

Owner earnings 2016–2025 $47M$90M$73M$120M$254M$219M$376M$248M$99M$90M

Retained capital Retained $640M of earnings over 2016–2025; annual owner earnings grew $75M, $0.12 per $1 retained.

Balance sheet Heavy net debt, $367M · dividend paid 10 of 10 yrs, never cut

YETI YETI Holdings

YETI is a global designer, retailer, and distributor of innovative outdoor products.

Owner earnings 2016–2026 $17M$127M$155M$55M$351M$55M$235M$220M$212M

Retained capital Paid out $132M more than it earned over 2016–2026; annual owner earnings grew $122M.

Balance sheet Net cash, +$113M · buybacks at an average near $36.50 · dividend paid 4 of 9 yrs, cut at least once

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.