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Janus Living

JAN
26
REIT - Industrial · Real Estate
Price
$30.35
+0.47 (+1.57%)
Market Cap
$6.44B
Exchange
New York Stock Exchange
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Janus International Group is a manufacturer of building products used in self-storage facilities and commercial buildings. Its main products include steel roll-up doors, hallway systems, and relocatable storage units sold to self-storage operators, contractors, and developers across North America and Europe. The company is one of the largest suppliers of these specialized building components in the self-storage industry.

Janus earns money by selling physical building products and, increasingly, through its R3 renovation and restoration services that 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 the high cost of switching suppliers mid-project. The key risk is that new self-storage construction activity is slowing as interest rates remain elevated, which could reduce demand for its core products.

Winston Score History

Growth Profile

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

Revenue Growth

Revenue data limited

EPS Growth

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

74.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$3.6B cash & investments

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.

Share count broadly stable

0.0% over 1y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 180.9M (2024) → 180.9M (2025)

Score breakdown

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Quality

Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Operating Margin
-12.2%
Losing money on operations — -12.2%
ROCE
-5.3%
Weak — -5.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+35.7%
Fast-growing sales (35.7% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
N/A
Data not available

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
1.7%
Thin free cash flow (1.7%)

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

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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