22 Largest Hunting Companies in the US

In this article, we will take a look at the 22 largest hunting companies in the US. You can skip this part and go to 5 Largest Hunting Companies in the US.

The hunting industry in the US remains an attractive niche market for investors. The market has several segments which are expected to grow in the months and years to come. According to a report by Association of Fish and Wildlife Agencies, hunter spending in the US generates about $185 million per day for the economy. The report said that despite an increasing urbanization, there has been a dramatic rise in the number of Americans who indulge in hunting sports for recreation. The report said that about 11.5 million people took part in hunting activities in 2016, and a whopping 7.6 million of them were deer hunters.

According to a report by Research and Markets, the global fishing, hunting and trapping market value stood at about $936.4 billion in 2021. This value was expected to cross $1,031.78 billion in 2022, growing at a compound annual growth rate (CAGR) of 10.2%. By 2026, the same market, according to the report, is estimated to touch $1,507.13 billion in 2026.

Our Methodology

For this article we scoured the hunting industry and its related segments to pick the top 22 players that are directly or indirectly involved in selling hunting related equipment, hunting firearms, apparel and accessories. Some of these companies are public, while others are private but with sizable impact and revenue in the industry. For public companies we have mentioned their market caps, while latest available annual revenue is mentioned for private companies. The list is ranked in ascending order of market cap. For private companies, we used annual revenue for ranking.

Photo by Molnár Bálint on Unsplash

Largest Hunting Companies in the US

22. Browning Arms Company

Annual Revenue: $100M

Number of Hedge fund holders: N/A

Browning Arms Company is a Utah-based hunting firearms and outdoor gear company. Browning Arms Company was founded in Utah in 1878. It is one of the oldest hunting companies in America.

21. American Outdoor Brands, Inc. (NASDAQ:AOUT)

Market Cap: $144M

Number of Hedge fund holders: 8

American Outdoor Brands, Inc. (NASDAQ:AOUT) owns several brands that are involved in hunting and related equipment. American Outdoor Brands, Inc. (NASDAQ:AOUT)’s hunting-related brands include Grilla Grills (sells grills), Bog Hunt (sells hunting equipment), Lockdown (firearms), Caldwell Shooting and more.

20. O.F. Mossberg & Sons

Annual Revenue: $160M

Number of Hedge fund holders: N/A

O.F. Mossberg & Sons is one of the largest hunting firearm companies in the US. O.F. Mossberg & Sons has a special section on big game and field hunting firearms on its website. O.F. Mossberg & Sons has another subsidiary, Maverick Arms, that sells hunting and security firearms, barrels, choke tubes, and conversions. O.F. Mossberg & Sons ranks 20th in our list of the biggest hunting companies in the US.

19. Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

Annual Revenue: $261.45M

Number of Hedge fund holders: 10

California-based Big 5 Sporting Goods Corporation (NASDAQ:BGFV) sells hunting rifles and accessories, among other sporting goods. In November, Big 5 Sporting Goods Corporation (NASDAQ:BGFV) posted Q3 GAAP EPS of $0.29. Revenue in the quarter fell 9.7% to total $261.45 million, beating estimates by $3.05 million. Adjusted EBITDA in the period was $13.0 million, compared to$37.3 million posted in the same period last year. For the fourth quarter of 2022, Big 5 Sporting Goods Corporation (NASDAQ:BGFV) said that it expects same store sales to decrease in the high single-digit to low double-digit range compared to the fiscal 2021 fourth quarter,

18. Clarus Corporation (NASDAQ:CLAR)

Market Cap: $352.96M

Number of Hedge fund holders: 20

Clarus Corporation (NASDAQ:CLAR) sells outdoor equipment. Clarus Corporation (NASDAQ:CLAR) is added in our list of the largest hunting companies in the US because some of its brands are directly involved in hunting-related products. For example, it owns Sierra Bullets, which makes bullets used in hunting, target shooting and for defense purposes. Clarus Corporation (NASDAQ:CLAR) is also behind Barnes Bullets, which is a key player in the bullet industry.

17. Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Market Cap: $380M

Number of Hedge fund holders: 22

Utah-based Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) is a Utah-based company that sells guns and hunting-related equipment. Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) operates across 30 states in the US.

16. Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Market Cap: $470M

Number of Hedge fund holders: 12

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is a Massachusetts-based firearm company that makes several pistols and firearms for recreation and hunting. In December, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) fell after the company posted a 48% drop in its sales. Smith & Wesson Brands, Inc. (NASDAQ:SWBI) said that the demand for its products was down when compared to last year amid rising inflation, among other factors. Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s gross margin in the period also fell to 32.4% of sales vs. 44.3% a year ago. However, Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s management said that it expects to remain “highly profitable” despite the challenges.

15. Remington Outdoor Company (Owned by Cerberus Capital Management)

Annual Revenue (2021): $700M

Number of Hedge fund holders: N/A

Remington Outdoor Company was one of the biggest firearm companies in the US. It announced bankruptcy back in 2018 but later made a comeback. Remington Outdoor Company had to file bankruptcy again in 2020. Remington Outdoor Company is now owned by Cerberus Capital Management. Remington Outdoor Company still sells hunting equipment, hunting rifles and related accessories on its website.

14. Sturm, Ruger & Company, Inc. (NYSE:RGR)

Market Cap: $975M

Number of Hedge fund holders: 11

Sturm, Ruger & Company, Inc. (NYSE:RGR) is one of the notable publicly-traded firearm manufacturers in the US. Sturm, Ruger & Company, Inc. (NYSE:RGR) lists several rifles and firearms on its website especially designed for different kinds of hunting expeditions. In December, Sturm, Ruger & Company, Inc. (NYSE:RGR) soared after the company surprised investors with a $5.00 per share special dividend. Sturm, Ruger & Company, Inc. (NYSE:RGR) said that it was giving dividend because of its strong operational and financial performance, including consistently positive cash flow and a current cash balance of $220 million. Sturm, Ruger & Company, Inc. (NYSE:RGR) has returned about $590 million in cash to shareholders through its quarterly dividend and share buybacks.

13. Wolverine World Wide, Inc. (NYSE:WWW)

Market Cap: $1.07B

Number of Hedge fund holders: 18

Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that specializes in footwear. Wolverine World Wide, Inc. (NYSE:WWW) has a complete section for hunting boots. It sells waterproof boots designed for difficult terrains and hunting environments. Earlier this month, Wolverine World Wide, Inc. (NYSE:WWW) gained after the company posted positive outlook for 2024 at the ICR conference. Wolverine World Wide, Inc. (NYSE:WWW)’s management has revealed plans to cut down its inventories and increase profits moving forward.

12. Patagonia

Annual Revenue: $1.5B

Number of Hedge fund holders: N/A

California-based Patagonia is one of the biggest hunting apparel companies in the US. Patagonia products are highly famous among hunters in the US. Patagonia has operations in over 10 countries and manufacturing facilities spread across the globe.

11. Compass Diversified (NYSE:CODI)

Market Cap: $1.52B

Number of Hedge fund holders: 7

Compass Diversified (NYSE:CODI) is a major holding company that owns several brands. Some of Compass Diversified (NYSE:CODI)’s brands are related to hunting. Last year, Compass Diversified (NYSE:CODI) completed its buyout of PrimaLoft, Inc., which makes high-performance material solutions, specializing in insulations and fabrics. Compass Diversified (NYSE:CODI)’s products are used in hunting, for military purposes and in other outdoor activities. In 2018, Compass Diversified (NYSE:CODI) also bought Ravin Crossbows for $94 million.

10. Vista Outdoor Inc. (NYSE:VSTO)

Market Cap: $1.55B

Number of Hedge fund holders: 22

Vista Outdoor Inc. (NYSE:VSTO) is behind several major hunting-related brands, including Bushnell, Black Hawk, Remington, among others. Vista Outdoor Inc. (NYSE:VSTO) acquired some parts of the gunmaker Remington Outdoor Co Inc’s ammunition and accessories businesses for about $81 million. In November, Vista Outdoor Inc. (NYSE:VSTO) stock fell after the company cut its full-year estimates. Vista Outdoor Inc. (NYSE:VSTO) said that it is operating in a challenging environment. It now expects full-year revenue to come in between $3.05 billion to $3.15 billion, down from a prior outlook of $3.20 billion to $3.325 billion.

9. Camping World Holdings, Inc. (NYSE:CWH)

Market Cap: $2.15B

Number of Hedge fund holders: 22

Camping World Holdings, Inc. (NYSE:CWH) is an Illinois-based company that sells recreational vehicles. But being an outdoor company, Camping World Holdings, Inc. (NYSE:CWH) also sells hunting equipment, fishing gear and related products. Some of the notable hunting items Camping World Holdings, Inc. (NYSE:CWH) sells on its platform outdoor generators, tents, outdoor vaults, grills and fishing rods.

8. Cabela’s (Parent Co: Bass Pro Shops, Great Outdoors Group, LLC.)

Annual Revenue: $3.6B

Number of Hedge fund holders: N/A

Cabela’s is an American retailer that specializes in products related to hunting, fishing, camping and hiking. Cabela’s sells hunting apparel, accessories, trail cameras, decoys, hunting watches and much more. Cabela’s parent organizations are Bass Pro Shops, Great Outdoors Group, LLC.

7. YETI Holdings, Inc. (NYSE:YETI)

Market Cap: $3.88B

Number of Hedge fund holders: 23

Texas-based YETI Holdings, Inc. (NYSE:YETI) ranks 7th in our list of the largest hunting companies in the US. YETI Holdings, Inc. (NYSE:YETI) makes outdoor products such as water coolers, ice chests, thermoses and related accessories. YETI Holdings, Inc. (NYSE:YETI) also sells big game hunting and water fowl hunting gear on its website.

In November, investment firm Canaccord Genuity started covering Yeti Holdings (NYSE:YETI) with a Buy rating. The firm thinks the brand has a “staying power”.

6. Columbia Sportswear Company (NASDAQ:COLM)

Market Cap: $5.78B

Number of Hedge fund holders: 20

With a market cap of $5.7 billion, Columbia Sportswear Company (NASDAQ:COLM) is one of the biggest outdoor companies in the US. Columbia Sportswear Company (NASDAQ:COLM) also makes caps, puffer jackets, trousers, hoodies and related equipment for hunting. In October, Columbia Sportswear Company (NASDAQ:COLM) declared a quarterly dividend of $0.30/share, inline with the previous dividend. The forward dividend yield at the time came in at 1.63%.

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Disclosure: None. 22 Largest Hunting Companies in the US is originally published on Insider Monkey.