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Janus International Group

JBI
49
Construction Materials · Basic Materials
Price
$5.11
-0.01 (-0.20%)
Market Cap
$697.0M
Winston Score
49
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jul 4, 2026
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Strong
Stability
Strong
Valuation
Strong

Share count rising — dilution

+27.8% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 109.0M (2021) → 139.3M (2026)

Winston Score History

The full picture

Janus International Group makes building products for self-storage facilities and commercial buildings. Its main products include steel doors, hallway systems, and building components used to construct and renovate self-storage units. The company sells to self-storage operators, contractors, and developers across North America, and it is one of the largest suppliers of self-storage building solutions in the United States.

Janus earns money by selling manufactured building products and, increasingly, through its R3 renovation and restoration services, which help existing self-storage facilities upgrade aging infrastructure. The company operates primarily in the United States, with some international presence, and generates roughly $1 billion in annual revenue. Its competitive position comes from deep relationships with major self-storage operators and a broad product portfolio that covers both new construction and retrofits. The key risk is that demand for its products is closely tied to self-storage construction activity, which slows when interest rates are high and real estate development pulls back.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

4.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$194M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
34.4%
Modest — 34.4% gross margin
Profit after running costs
Operating Margin
8.8%
Modest — 8.8% operating margin
Return on the money invested
ROCE
15.1%
Strong — 15.1% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+0.3%
Nearly flat sales (+0.3% YoY)
Profit growth
EPS YoY
-22.1%
Earnings shrinking (-22.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
299%
Turns 299% of profit into real cash
Spare cash per sale
FCF Margin
9.0%
Modest free cash flow (9.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
5.20x
Adequate interest coverage (5.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
21.1x
Growth-priced — P/E 21.1

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+11.2
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (21.1 → 9.8)

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Dividends

Not applicable for this business.
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