What is Malibu Boats' operating income?

Malibu Boats' total operating income in 2026 was $3.10 million, based on the following breakdown: Total Gross Profit: $146.52 million Total Operating Expenses: $143.42 million

Malibu Boats (MBUU) Financials

$23.74 -0.48 (-1.99%)

As of 02:35 PM Eastern

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Annual Income Statements for Malibu Boats

This table shows Malibu Boats' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	18	28	28	66	62	110	158	105	-56	15	1.65
Consolidated Net Income / (Loss)	20	31	31	70	65	114	163	108	-56	15	1.71
Net Income / (Loss) Continuing Operations	20	31	31	70	65	114	163	108	-56	15	1.71
Total Pre-Tax Income	32	49	89	92	84	148	210	141	-58	20	2.45
Total Operating Income	36	39	70	98	85	150	214	145	-56	22	3.10
Total Gross Profit	67	75	120	166	149	236	310	351	147	144	147
Total Revenue	253	282	497	684	653	927	1,215	1,388	829	808	915
Operating Revenue	253	282	497	684	653	927	1,215	1,388	829	808	915
Total Cost of Revenue	186	207	377	518	504	690	905	1,037	682	663	768
Operating Cost of Revenue	186	207	377	518	504	690	905	1,037	682	663	768
Total Operating Expenses	31	36	50	68	64	87	96	207	203	122	143
Selling, General & Admin Expense	21	25	31	44	40	62	66	176	76	92	105
Marketing Expense	7.48	8.62	14	18	18	18	23	24	23	23	27
Amortization Expense	2.19	2.20	5.20	5.96	6.13	7.26	6.96	6.81	6.81	6.80	11
Impairment Charge	-	-	-	-	-	-	0.00	0.00	97	0.00	0.00
Total Other Income / (Expense), net	-3.81	9.23	19	-6.32	-1.58	-1.51	-3.86	-3.29	-1.84	-1.50	-0.65
Interest Expense	3.88	1.56	5.39	6.46	3.89	2.53	2.88	2.96	1.84	1.88	3.56
Other Income / (Expense), net	0.08	11	25	0.15	2.31	1.02	-0.98	-0.33	0.00	0.39	2.91
Income Tax Expense	12	18	58	22	19	34	47	34	-1.34	5.02	0.74
Net Income / (Loss) Attributable to Noncontrolling Interest	2.25	2.72	3.36	3.64	3.09	4.44	5.80	3.40	-0.53	0.36	0.05
Basic Earnings per Share	$1.01	$1.59	$1.37	$3.17	$2.98	$5.29	$7.60	$5.10	($2.74)	$0.76	$0.09
Weighted Average Basic Shares Outstanding	17.93M	17.85M	20.18M	20.83M	20.66M	20.75M	20.75M	20.50M	20.44M	19.66M	19.30M
Diluted Earnings per Share	$1.00	$1.58	$1.36	$3.15	$2.95	$5.23	$7.51	$5.06	($2.74)	$0.76	$0.09
Weighted Average Diluted Shares Outstanding	17.99M	17.95M	20.28M	20.97M	20.85M	21.01M	20.99M	20.64M	20.44M	19.69M	19.34M
Weighted Average Basic & Diluted Shares Outstanding	17.90M	17.80M	20.20M	20.85M	20.62M	20.85M	20.50M	20.60M	20.01M	19.25M	19.68M

This table shows Malibu Boats' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	9.88	-67	-19	-5.05	2.36	13	4.67	-0.70	-2.46	-2.42	7.23
Consolidated Net Income / (Loss)	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44	7.37
Net Income / (Loss) Continuing Operations	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44	7.37
Total Pre-Tax Income	14	-75	-24	-6.00	2.60	17	6.81	-0.40	-3.81	-3.07	9.73
Total Operating Income	15	-75	-24	-5.61	3.18	17	6.83	-0.84	-3.50	-1.91	9.34
Total Gross Profit	37	40	12	28	37	46	33	28	25	41	52
Total Revenue	211	203	159	172	200	229	207	195	189	236	296
Operating Revenue	211	203	159	172	200	229	207	195	189	236	296
Total Cost of Revenue	174	163	146	143	163	183	174	167	164	194	243
Operating Cost of Revenue	174	163	146	143	163	183	174	167	164	194	243
Total Operating Expenses	23	115	37	34	34	28	26	29	29	43	43
Selling, General & Admin Expense	15	19	22	27	27	20	19	21	21	32	32
Marketing Expense	5.61	6.55	4.87	4.86	5.99	6.83	5.39	6.29	6.07	8.35	6.77
Amortization Expense	1.71	1.69	1.70	1.72	1.71	1.68	1.70	1.71	1.71	3.08	4.30
Total Other Income / (Expense), net	-0.66	-0.28	-0.02	-0.39	-0.58	-0.52	-0.02	0.44	-0.32	-1.16	0.38
Interest Expense	0.67	0.30	-0.01	0.40	0.59	0.53	-	0.42	0.32	0.90	1.92
Other Income / (Expense), net	0.01	0.01	-0.03	0.01	0.01	0.01	0.36	0.87	0.01	-0.27	2.30
Income Tax Expense	3.91	-7.43	-4.80	-0.85	0.18	3.68	2.02	0.31	-1.30	-0.63	2.36
Net Income / (Loss) Attributable to Noncontrolling Interest	0.26	-0.93	-0.38	-0.10	0.06	0.28	0.12	-0.01	-0.05	-0.02	0.13
Basic Earnings per Share	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)	$0.39
Weighted Average Basic Shares Outstanding	20.38M	20.40M	20.44M	20.03M	19.74M	19.56M	19.66M	19.34M	19.12M	19.04M	19.30M
Diluted Earnings per Share	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)	$0.39
Weighted Average Diluted Shares Outstanding	20.45M	20.40M	20.44M	20.03M	19.80M	19.58M	19.69M	19.34M	19.12M	19.04M	19.34M
Weighted Average Basic & Diluted Shares Outstanding	20.43M	20.44M	20.01M	19.72M	19.64M	19.19M	19.25M	19.23M	18.60M	19.64M	19.68M

This table details how cash moves in and out of Malibu Boats' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Change in Cash & Equivalents	18	6.90	29	-34	6.40	7.69	42	-4.81	-52	10	37
Net Cash From Operating Activities	36	36	58	82	94	131	165	185	56	57	68
Net Cash From Continuing Operating Activities	36	36	58	82	94	131	165	185	56	57	68
Net Income / (Loss) Continuing Operations	20	31	31	70	65	114	163	108	-56	15	1.71
Consolidated Net Income / (Loss)	20	31	31	70	65	114	163	108	-56	15	1.71
Depreciation Expense	3.34	6.75	7.66	10	12	16	19	22	26	32	33
Amortization Expense	2.43	0.24	5.20	5.96	6.13	7.26	6.96	6.81	6.81	6.80	11
Non-Cash Adjustments To Reconcile Net Income	3.96	-14	-26	-0.57	2.20	2.82	8.42	3.24	99	6.66	3.80
Changes in Operating Assets and Liabilities, net	5.58	11	41	-3.59	8.91	-8.68	-33	45	-20	-3.99	18
Net Cash From Investing Activities	-5.99	-9.25	-136	-118	-40	-181	-62	-55	-76	-27	-143
Net Cash From Continuing Investing Activities	-5.99	-9.25	-136	-118	-40	-181	-62	-55	-76	-27	-143
Purchase of Property, Plant & Equipment	-6.18	-9.26	-10	-18	-41	-31	-55	-55	-76	-28	-25
Acquisitions	0.00	0.00	-126	-100	0.00	-150	-6.57	-	0.00	0.00	-118
Sale of Property, Plant & Equipment	0.19	0.02	0.15	0.00	0.90	0.01	0.01	0.20	0.12	0.54	0.35
Net Cash From Financing Activities	-12	-20	106	2.38	-47	57	-60	-135	-32	-19	112
Net Cash From Continuing Financing Activities	-12	-20	106	2.38	-47	57	-60	-135	-32	-19	112
Repayment of Debt	-6.50	-73	-51	-85	-135	-30	-96	-363	-75	-30	-18
Repurchase of Common Equity	-3.98	0.00	-0.65	0.00	-14	0.00	-35	-7.87	-29	-36	-34
Payment of Dividends	-1.39	-1.54	-1.63	-1.79	-1.84	-1.76	-2.72	-3.40	-0.89	0.00	-0.20
Issuance of Debt	0.00	55	105	90	104	90	72	242	75	48	165
Other Financing Activities, net	-0.16	-0.26	-0.69	-0.47	-0.45	-0.83	1.23	-1.82	-1.49	-0.87	-1.21
Effect of Exchange Rate Changes	-0.06	-	-	-	-0.03	0.13	-0.58	-0.33	-0.01	-0.26	0.84
Cash Interest Paid	3.14	2.30	4.35	6.01	3.81	2.02	2.29	3.06	3.05	1.95	3.02
Cash Income Taxes Paid	8.12	7.18	9.89	14	11	23	42	51	2.13	-0.66	0.91

This table details how cash moves in and out of Malibu Boats' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	10	-8.61	-20	0.71	7.46	3.60	-1.71	7.10	-16	22	24
Net Cash From Operating Activities	64	24	16	-8.40	28	15	21	6.54	13	21	27
Net Cash From Continuing Operating Activities	64	24	16	-8.40	28	15	21	6.54	13	21	27
Net Income / (Loss) Continuing Operations	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44	7.37
Consolidated Net Income / (Loss)	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44	7.37
Depreciation Expense	6.34	6.54	6.97	7.37	7.82	8.20	8.40	8.14	8.12	8.10	8.79
Amortization Expense	1.71	1.69	1.70	1.72	1.71	1.68	1.70	1.71	1.71	3.08	4.30
Non-Cash Adjustments To Reconcile Net Income	-3.21	90	6.38	1.95	3.06	0.30	1.35	0.77	2.14	1.45	-0.56
Changes in Operating Assets and Liabilities, net	49	-7.23	21	-14	13	-7.89	4.81	-3.38	3.18	11	7.05
Net Cash From Investing Activities	-13	-12	-12	-8.63	-5.30	-6.65	-6.80	-4.23	-4.41	-132	-2.31
Net Cash From Continuing Investing Activities	-13	-12	-12	-8.63	-5.30	-6.65	-6.80	-4.23	-4.41	-132	-2.31
Purchase of Property, Plant & Equipment	-13	-12	-12	-8.63	-5.65	-6.69	-6.95	-4.31	-4.41	-5.89	-10
Acquisitions	-	-	-	-	-	-	-	-	-	-	7.65
Sale of Property, Plant & Equipment	-	-	0.11	0.00	-	0.04	0.16	0.08	0.01	0.16	0.10
Net Cash From Financing Activities	-41	-20	-25	18	-15	-5.14	-16	4.64	-24	132	-0.55
Net Cash From Continuing Financing Activities	-41	-20	-25	18	-15	-5.14	-16	4.64	-24	132	-0.55
Other Financing Activities, net	-1.22	-0.03	-0.25	-0.02	-0.50	-0.04	-0.31	-0.36	-0.45	-0.04	-0.35
Effect of Exchange Rate Changes	-	-0.09	0.06	0.23	-0.42	-0.08	0.01	-	-	0.36	0.16
Cash Interest Paid	1.54	0.88	0.53	0.49	0.58	0.48	0.39	0.35	0.28	0.39	2.00
Cash Income Taxes Paid	1.38	0.04	1.54	0.14	-0.56	1.03	1.51	-0.23	0.25	0.07	0.82

This table presents Malibu Boats' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Total Assets	222	224	366	451	477	743	851	926	740	735	996
Total Current Assets	65	70	134	128	124	213	298	326	202	220	309
Cash & Equivalents	26	33	62	27	34	41	84	79	27	37	74
Accounts Receivable	15	9.85	25	28	14	50	52	68	23	23	33
Inventories, net	20	24	44	68	73	117	157	171	146	142	180
Prepaid Expenses	2.71	2.47	3.30	4.53	3.95	4.78	6.16	7.83	6.47	15	18
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	0.00	3.06	3.06
Plant, Property, & Equipment, net	18	24	41	66	94	133	171	205	245	236	250
Total Noncurrent Assets	140	129	191	258	259	397	382	395	293	279	438
Goodwill	12	13	32	51	51	101	101	101	51	51	79
Intangible Assets	12	9.60	94	146	140	235	228	221	175	169	296
Noncurrent Deferred & Refundable Income Taxes	116	107	64	60	53	48	42	63	58	52	50
Other Noncurrent Operating Assets	0.03	0.08	0.45	0.04	14	13	11	10	7.93	7.27	13
Total Liabilities & Shareholders' Equity	222	224	366	451	477	743	851	926	740	735	996
Total Liabilities	202	171	226	241	216	362	338	310	205	215	468
Total Current Liabilities	48	39	65	75	70	134	139	232	139	135	215
Accounts Payable	16	13	24	21	16	46	44	40	19	24	47
Accrued Expenses	19	22	36	49	50	77	88	187	119	110	168
Current Deferred & Payable Income Tax Liabilities	4.62	4.85	5.35	5.06	3.83	6.98	5.63	4.96	0.00	0.42	0.51
Total Noncurrent Liabilities	154	132	161	166	146	227	198	78	66	80	252
Long-Term Debt	63	53	108	114	83	139	118	-	0.00	18	165
Noncurrent Deferred & Payable Income Tax Liabilities	0.69	0.55	0.34	0.15	0.01	28	27	28	18	15	15
Other Noncurrent Operating Liabilities	91	78	52	52	63	60	53	49	49	47	72
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20	52	140	210	262	381	514	616	535	520	528
Total Preferred & Common Equity	15	47	134	204	255	373	503	608	530	515	524
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	15	47	134	204	255	373	503	608	530	515	524
Common Stock	46	49	108	113	104	112	85	87	64	35	49
Retained Earnings	-28	0.15	28	94	154	264	421	526	470	485	486
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-3.51	-4.34	-4.20	-4.65	-11
Noncontrolling Interest	4.68	4.94	5.50	6.12	6.95	7.73	10	7.87	4.71	4.37	3.98

This table presents Malibu Boats' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	861	882	922	880	798	759	739	759	756	716	1,007
Total Current Assets	302	308	297	253	256	222	206	238	248	215	307
Cash & Equivalents	50	35	45	56	47	28	35	39	44	28	50
Accounts Receivable	55	81	65	27	45	35	16	42	35	15	30
Inventories, net	186	185	174	158	155	147	145	148	145	147	205
Prepaid Expenses	11	6.83	12	12	8.66	12	10	6.15	21	22	20
Other Current Nonoperating Assets	-	-	-	-	-	-	-	3.06	3.06	3.06	3.06
Plant, Property, & Equipment, net	183	198	238	245	251	245	243	237	232	228	245
Total Noncurrent Assets	376	375	388	382	291	292	290	283	276	273	455
Goodwill	101	101	100	101	51	52	51	51	51	51	85
Intangible Assets	225	223	220	218	177	174	172	170	167	165	307
Noncurrent Deferred & Refundable Income Taxes	40	42	59	54	54	59	58	54	51	50	50
Other Noncurrent Operating Assets	9.71	9.36	9.67	9.09	8.57	7.35	8.37	7.80	6.71	6.12	13
Total Liabilities & Shareholders' Equity	861	882	922	880	798	759	739	759	756	716	1,007
Total Liabilities	282	249	295	251	235	237	224	241	235	216	485
Total Current Liabilities	132	147	152	139	153	143	136	148	152	138	234
Accounts Payable	41	51	38	28	39	32	29	42	39	21	63
Accrued Expenses	86	91	109	107	109	111	106	106	112	116	168
Current Deferred & Payable Income Tax Liabilities	5.23	5.49	4.95	4.19	4.96	0.26	0.31	0.15	0.57	0.85	3.77
Total Noncurrent Liabilities	150	101	142	112	82	94	89	92	83	79	251
Long-Term Debt	70	20	65	35	15	28	23	28	23	20	165
Noncurrent Deferred & Payable Income Tax Liabilities	28	28	29	29	18	18	17	16	14	13	13
Other Noncurrent Operating Liabilities	52	54	49	48	49	48	49	49	46	46	74
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	578	633	628	629	562	522	514	518	521	499	522
Total Preferred & Common Equity	567	624	619	620	557	518	510	513	516	495	518
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	567	624	619	620	557	518	510	513	516	495	518
Common Stock	79	85	78	68	73	56	49	39	37	18	48
Retained Earnings	491	543	546	556	489	465	467	480	484	482	479
Accumulated Other Comprehensive Income / (Loss)	-3.72	-4.13	-5.09	-3.66	-4.78	-3.23	-6.01	-5.80	-4.42	-4.11	-9.10
Noncontrolling Interest	11	9.28	8.25	8.54	5.08	4.63	4.64	4.93	4.27	4.23	3.93

This table displays calculated financial ratios and metrics derived from Malibu Boats' official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
DEI Shares Outstanding	17,919,431.00	17,930,636.00	20,525,153.00	20,851,112.00	20,537,484.00	20,847,029.00	-	-	-	19,190,840.00	19,637,053.00
DEI Adjusted Shares Outstanding	17,919,431.00	17,930,636.00	20,525,153.00	20,851,112.00	20,537,484.00	20,847,029.00	-	-	-	19,190,840.00	19,637,053.00
DEI Earnings Per Adjusted Shares Outstanding	1.01	1.58	1.35	3.17	3.00	5.27	-	-	-	0.78	0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.65%	11.45%	76.28%	37.63%	-4.51%	41.85%	31.12%	14.28%	-40.29%	-2.59%	13.25%
EBITDA Growth	10.56%	37.06%	88.10%	6.13%	-7.20%	63.85%	37.70%	-27.59%	-113.26%	364.61%	-17.75%
EBIT Growth	9.70%	39.60%	88.69%	3.68%	-10.83%	72.10%	41.15%	-32.13%	-138.73%	139.59%	-72.88%
NOPAT Growth	0.12%	10.92%	-3.60%	206.88%	-11.57%	75.26%	44.16%	-33.65%	-135.47%	141.79%	-86.79%
Net Income Growth	-12.46%	53.12%	-0.34%	125.07%	-7.24%	76.75%	43.01%	-33.97%	-152.31%	127.00%	-88.80%
EPS Growth	7.53%	58.00%	-13.92%	131.62%	-6.35%	77.29%	43.59%	-32.62%	-154.15%	127.74%	-88.16%
Operating Cash Flow Growth	183.64%	0.71%	63.03%	39.42%	15.51%	39.49%	25.54%	12.06%	-69.93%	1.71%	19.47%
Free Cash Flow Firm Growth	188.00%	-36.72%	-610.54%	60.55%	246.73%	-209.70%	275.58%	23.12%	-108.23%	360.54%	-539.97%
Invested Capital Growth	-7.18%	11.69%	156.44%	58.83%	4.72%	55.50%	13.77%	-2.30%	-5.41%	-1.97%	23.74%
Revenue Q/Q Growth	2.41%	3.08%	14.66%	8.95%	-10.44%	20.57%	6.72%	1.39%	-20.49%	6.37%	10.71%
EBITDA Q/Q Growth	-7.52%	25.28%	52.06%	14.61%	-15.52%	28.29%	8.40%	-33.30%	-1.69%	119.14%	17.55%
EBIT Q/Q Growth	-9.19%	27.81%	61.95%	14.97%	-18.37%	31.91%	9.45%	-37.65%	-2.91%	334.35%	286.98%
NOPAT Q/Q Growth	-13.12%	-3.27%	37.03%	7.80%	-19.13%	32.19%	10.93%	-38.45%	-3.20%	347.50%	427.92%
Net Income Q/Q Growth	-14.66%	24.80%	11.03%	11.42%	-17.77%	33.15%	9.90%	-38.56%	-2.83%	266.54%	297.11%
EPS Q/Q Growth	-13.04%	26.40%	5.43%	11.31%	-17.60%	33.42%	10.44%	-38.52%	-2.62%	290.00%	228.57%
Operating Cash Flow Q/Q Growth	10.87%	-18.43%	12.03%	40.77%	-13.85%	9.13%	9.91%	20.12%	-52.09%	9.08%	9.60%
Free Cash Flow Firm Q/Q Growth	58.56%	-13.71%	10.31%	31.65%	-29.65%	16.10%	16.04%	35.23%	-120.14%	35.95%	9.93%
Invested Capital Q/Q Growth	10.51%	12.59%	2.41%	-2.17%	-0.09%	3.63%	3.68%	-13.19%	-4.22%	-1.27%	-2.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.41%	26.62%	24.21%	24.31%	22.85%	25.52%	25.52%	25.30%	17.74%	17.84%	16.02%
EBITDA Margin	16.50%	20.29%	21.66%	16.70%	16.23%	18.75%	19.69%	12.47%	-2.77%	7.52%	5.46%
Operating Margin	14.19%	13.99%	14.10%	14.34%	13.06%	16.17%	17.60%	10.43%	-6.75%	2.69%	0.34%
EBIT Margin	14.22%	17.82%	19.07%	14.37%	13.41%	16.28%	17.52%	10.40%	-6.75%	2.74%	0.66%
Profit (Net Income) Margin	8.02%	11.02%	6.23%	10.19%	9.90%	12.33%	13.45%	7.77%	-6.81%	1.89%	0.19%
Tax Burden Percent	63.23%	63.85%	34.65%	75.93%	77.22%	77.08%	77.84%	76.27%	97.68%	75.21%	69.76%
Interest Burden Percent	89.21%	96.90%	94.32%	93.42%	95.56%	98.32%	98.65%	97.95%	103.29%	91.50%	40.74%
Effective Tax Rate	36.77%	36.15%	65.35%	24.07%	22.78%	22.92%	22.16%	23.73%	0.00%	24.79%	30.24%
Return on Invested Capital (ROIC)	33.53%	36.49%	18.71%	30.83%	21.70%	29.10%	32.24%	20.33%	-7.50%	3.26%	0.39%
ROIC Less NNEP Spread (ROIC-NNEP)	29.31%	54.42%	38.55%	23.62%	19.90%	27.55%	27.88%	31.99%	25.14%	7.85%	-1.00%
Return on Net Nonoperating Assets (RNNOA)	156.91%	49.51%	13.54%	8.98%	5.70%	6.47%	4.29%	-1.22%	-2.31%	-0.37%	-0.06%
Return on Equity (ROE)	190.44%	86.00%	32.24%	39.80%	27.40%	35.56%	36.53%	19.11%	-9.81%	2.89%	0.33%
Cash Return on Invested Capital (CROIC)	40.98%	25.45%	-69.07%	-14.63%	17.09%	-14.35%	19.36%	22.66%	-1.94%	5.24%	-20.83%
Operating Return on Assets (OROA)	17.03%	22.52%	32.16%	24.05%	18.87%	24.72%	26.70%	16.26%	-6.72%	3.00%	0.69%
Return on Assets (ROA)	9.60%	13.94%	10.51%	17.06%	13.92%	18.73%	20.50%	12.14%	-6.78%	2.07%	0.20%
Return on Common Equity (ROCE)	113.80%	74.55%	30.45%	38.46%	26.64%	34.75%	35.79%	18.80%	-9.70%	2.87%	0.32%
Return on Equity Simple (ROE_SIMPLE)	132.22%	65.70%	23.05%	34.13%	25.40%	30.60%	32.48%	17.75%	-10.65%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	23	25	24	74	66	115	166	110	-39	16	2.16
NOPAT Margin	8.97%	8.93%	4.88%	10.89%	10.09%	12.46%	13.70%	7.95%	-4.72%	2.03%	0.24%
Net Nonoperating Expense Percent (NNEP)	4.22%	-17.93%	-19.85%	7.20%	1.80%	1.55%	4.36%	-11.66%	-32.64%	-4.60%	1.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	3.04%	0.31%
Cost of Revenue to Revenue	73.59%	73.38%	75.79%	75.69%	77.15%	74.48%	74.48%	74.70%	82.26%	82.16%	83.98%
SG&A Expenses to Revenue	8.40%	8.79%	6.31%	6.47%	6.11%	6.68%	5.46%	12.65%	9.21%	11.45%	11.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.22%	12.63%	10.12%	9.96%	9.79%	9.36%	7.92%	14.87%	24.49%	15.15%	15.68%
Earnings before Interest and Taxes (EBIT)	36	50	95	98	88	151	213	144	-56	22	6.01
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	57	108	114	106	174	239	173	-23	61	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.10	9.81	6.42	3.97	4.19	4.09	2.15	1.99	1.35	1.17	1.03
Price to Tangible Book Value (P/TBV)	0.00	18.55	111.59	119.66	16.82	41.28	6.21	4.23	2.36	2.04	3.60
Price to Revenue (P/Rev)	0.86	1.65	1.73	1.18	1.63	1.65	0.89	0.87	0.86	0.74	0.59
Price to Earnings (P/E)	12.00	16.36	31.17	12.26	17.33	13.92	6.86	11.58	0.00	40.42	325.86
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.33%	6.11%	3.21%	8.16%	5.77%	7.19%	14.59%	8.64%	0.00%	2.47%	0.31%
Enterprise Value to Invested Capital (EV/IC)	4.08	6.72	4.89	3.04	3.62	3.39	2.05	2.12	1.37	1.18	1.03
Enterprise Value to Revenue (EV/Rev)	1.05	1.74	1.84	1.32	1.72	1.77	0.93	0.82	0.84	0.73	0.69
Enterprise Value to EBITDA (EV/EBITDA)	6.38	8.55	8.48	7.90	10.59	9.43	4.71	6.58	0.00	9.66	12.67
Enterprise Value to EBIT (EV/EBIT)	7.40	9.74	9.64	9.18	12.82	10.86	5.30	7.88	0.00	26.50	105.43
Enterprise Value to NOPAT (EV/NOPAT)	11.73	19.43	37.62	12.11	17.05	14.19	6.77	10.31	0.00	35.85	292.90
Enterprise Value to Operating Cash Flow (EV/OCF)	7.48	13.65	15.62	11.07	11.93	12.48	6.84	6.16	12.49	10.38	9.38
Enterprise Value to Free Cash Flow (EV/FCFF)	9.60	27.87	0.00	0.00	21.64	0.00	11.28	9.25	0.00	22.25	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.55	1.02	0.78	0.54	0.32	0.38	0.23	0.00	0.00	0.03	0.31
Long-Term Debt to Equity	3.15	1.02	0.78	0.54	0.32	0.36	0.23	0.00	0.00	0.03	0.31
Financial Leverage	5.35	0.91	0.35	0.38	0.29	0.23	0.15	-0.04	-0.09	-0.05	0.06
Leverage Ratio	19.83	6.17	3.07	2.33	1.97	1.90	1.78	1.57	1.45	1.40	1.65
Compound Leverage Factor	17.69	5.98	2.89	2.18	1.88	1.87	1.76	1.54	1.50	1.28	0.67
Debt to Total Capital	78.02%	50.55%	43.68%	35.07%	24.06%	27.32%	18.89%	0.00%	0.00%	3.35%	23.79%
Short-Term Debt to Total Capital	8.78%	0.00%	0.00%	0.00%	0.00%	0.81%	0.25%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.24%	50.55%	43.68%	35.07%	24.06%	26.51%	18.64%	0.00%	0.00%	3.35%	23.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.14%	4.68%	2.22%	1.89%	2.02%	1.47%	1.64%	1.28%	0.88%	0.81%	0.57%
Common Equity to Total Capital	16.85%	44.77%	54.02%	63.04%	73.93%	71.21%	79.47%	98.72%	99.12%	95.84%	75.63%
Debt to EBITDA	1.70	0.93	1.01	0.99	0.78	0.82	0.50	0.00	0.00	0.30	3.30
Net Debt to EBITDA	1.08	0.36	0.44	0.76	0.46	0.59	0.15	0.00	0.00	-0.31	1.81
Long-Term Debt to EBITDA	1.51	0.93	1.01	0.99	0.78	0.80	0.49	0.00	0.00	0.30	3.30
Debt to NOPAT	3.13	2.12	4.47	1.53	1.26	1.24	0.72	0.00	0.00	1.10	76.32
Net Debt to NOPAT	1.99	0.82	1.93	1.16	0.74	0.88	0.22	0.00	0.00	-1.16	41.90
Long-Term Debt to NOPAT	2.78	2.12	4.47	1.53	1.26	1.20	0.71	0.00	0.00	1.10	76.32
Altman Z-Score	2.23	3.79	4.83	4.68	5.53	5.08	5.09	5.27	3.96	3.94	2.42
Noncontrolling Interest Sharing Ratio	40.24%	13.31%	5.54%	3.38%	2.77%	2.28%	2.03%	1.62%	1.09%	0.86%	0.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.79	2.05	1.69	1.77	1.58	2.14	1.40	1.46	1.63	1.43
Quick Ratio	0.85	1.09	1.32	0.73	0.68	0.68	0.97	0.63	0.36	0.45	0.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	28	18	-90	-35	52	-57	100	123	-10	26	-116
Operating Cash Flow to CapEx	594.36%	387.80%	567.30%	454.34%	233.06%	428.18%	299.42%	338.10%	73.25%	206.42%	277.69%
Free Cash Flow to Firm to Interest Expense	7.14	11.26	-16.65	-5.47	13.35	-22.51	34.76	41.54	-5.49	14.00	-32.60
Operating Cash Flow to Interest Expense	9.17	23.00	10.86	12.61	24.21	51.92	57.34	62.37	30.16	30.01	18.97
Operating Cash Flow Less CapEx to Interest Expense	7.62	17.07	8.94	9.83	13.82	39.80	38.19	43.92	-11.01	15.47	12.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.26	1.69	1.67	1.41	1.52	1.52	1.56	1.00	1.10	1.06
Accounts Receivable Turnover	20.93	22.98	28.84	26.02	31.31	29.13	23.95	23.14	18.12	34.98	32.44
Inventory Turnover	9.12	9.35	11.06	9.24	7.16	7.28	6.61	6.32	4.31	4.61	4.77
Fixed Asset Turnover	15.44	13.45	15.30	12.83	8.16	8.16	8.00	7.39	3.69	3.36	3.77
Accounts Payable Turnover	14.71	14.33	20.32	22.75	27.22	22.32	20.03	24.47	22.90	30.45	21.57
Days Sales Outstanding (DSO)	17.44	15.88	12.66	14.03	11.66	12.53	15.24	15.77	20.15	10.44	11.25
Days Inventory Outstanding (DIO)	40.02	39.05	33.00	39.49	50.96	50.15	55.20	57.75	84.77	79.15	76.56
Days Payable Outstanding (DPO)	24.81	25.47	17.96	16.05	13.41	16.36	18.23	14.92	15.94	11.99	16.92
Cash Conversion Cycle (CCC)	32.65	29.45	27.69	37.48	49.22	46.33	52.22	58.61	88.98	77.60	70.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	65	73	187	297	311	483	549	537	508	498	616
Invested Capital Turnover	3.74	4.09	3.83	2.83	2.15	2.34	2.35	2.56	1.59	1.61	1.64
Increase / (Decrease) in Invested Capital	-5.05	7.62	114	110	14	172	66	-13	-29	-10	118
Enterprise Value (EV)	266	489	913	902	1,123	1,638	1,127	1,139	694	587	633
Market Capitalization	216	464	861	810	1,067	1,529	1,081	1,210	716	601	539
Book Value per Share	$0.86	$2.64	$6.54	$9.79	$12.40	$17.91	$24.54	$29.47	$25.93	$26.86	$26.71
Tangible Book Value per Share	($0.49)	$1.39	$0.38	$0.32	$3.09	$1.78	$8.49	$13.86	$14.83	$15.40	$7.63
Total Capital	91	106	248	324	344	524	633	616	535	538	693
Total Debt	71	53	108	114	83	143	120	0.00	0.00	18	165
Total Long-Term Debt	63	53	108	114	83	139	118	0.00	0.00	18	165
Net Debt	45	21	47	86	49	102	36	-79	-27	-19	91
Capital Expenditures (CapEx)	5.99	9.25	10	18	40	31	55	55	76	27	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.04	-1.92	6.91	25	21	41	77	15	37	48	19
Debt-free Net Working Capital (DFNWC)	25	31	69	52	54	83	161	94	64	85	93
Net Working Capital (NWC)	17	31	69	52	54	78	159	94	64	85	93
Net Nonoperating Expense (NNE)	2.41	-5.89	-6.69	4.79	1.22	1.17	3.00	2.51	17	1.13	0.45
Net Nonoperating Obligations (NNO)	45	21	47	86	49	102	36	-79	-27	-22	88
Total Depreciation and Amortization (D&A)	5.77	6.99	13	16	18	23	26	29	33	39	44
Debt-free, Cash-free Net Working Capital to Revenue	-0.41%	-0.68%	1.39%	3.64%	3.14%	4.44%	6.34%	1.08%	4.41%	5.98%	2.04%
Debt-free Net Working Capital to Revenue	9.84%	10.96%	13.79%	7.65%	8.31%	8.92%	13.23%	6.76%	7.66%	10.56%	10.18%
Net Working Capital to Revenue	6.67%	10.96%	13.79%	7.65%	8.31%	8.46%	13.10%	6.76%	7.66%	10.56%	10.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.01	$1.59	$1.37	$3.17	$2.98	$5.29	$7.60	$5.10	($2.74)	$0.76	$0.09
Adjusted Weighted Average Basic Shares Outstanding	17.93M	17.85M	20.18M	20.83M	20.66M	20.75M	20.75M	20.50M	20.44M	19.66M	19.30M
Adjusted Diluted Earnings per Share	$1.00	$1.58	$1.36	$3.15	$2.95	$5.23	$7.51	$5.06	($2.74)	$0.76	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	17.99M	17.95M	20.28M	20.97M	20.85M	21.01M	20.99M	20.64M	20.44M	19.69M	19.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.70M	20.29M	20.56M	20.85M	20.62M	20.85M	20.50M	20.60M	20.01M	19.25M	19.68M
Normalized Net Operating Profit after Tax (NOPAT)	23	25	49	74	66	115	166	110	29	16	2.16
Normalized NOPAT Margin	8.97%	8.93%	9.87%	10.89%	10.09%	12.46%	13.70%	7.95%	3.48%	2.03%	0.24%
Pre Tax Income Margin	12.69%	17.26%	17.99%	13.42%	12.82%	16.00%	17.28%	10.19%	-6.97%	2.51%	0.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.26	32.22	17.60	15.20	22.54	59.62	74.03	48.77	-30.37	11.76	1.69
NOPAT to Interest Expense	5.85	16.15	4.51	11.52	16.94	45.65	57.89	37.28	-21.26	8.69	0.61
EBIT Less CapEx to Interest Expense	7.72	26.29	15.69	12.43	12.15	47.50	54.88	30.32	-71.54	-2.78	-5.14
NOPAT Less CapEx to Interest Expense	4.30	10.22	2.59	8.75	6.55	33.52	38.74	18.83	-62.43	-5.85	-6.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.82%	4.94%	5.25%	2.56%	2.84%	1.54%	1.66%	3.15%	-1.58%	0.00%	11.95%
Augmented Payout Ratio	26.44%	4.94%	7.35%	2.56%	24.23%	1.54%	22.86%	10.44%	-53.52%	235.93%	1,998.48%

This table displays calculated financial ratios and metrics derived from Malibu Boats' official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	19,635,306.00	19,190,840.00	19,245,021.00	-	18,602,535.00	19,637,053.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	19,635,306.00	19,190,840.00	19,245,021.00	-	18,602,535.00	19,637,053.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	0.66	0.24	-0.04	-	-0.13	0.37
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-37.69%	-45.77%	-57.37%	-32.93%	-5.11%	12.41%	30.45%	13.49%	-5.82%	3.08%	42.74%
EBITDA Growth	-59.03%	-185.99%	-2.49%	-90.49%	-44.15%	140.88%	209.74%	183.03%	-50.11%	-66.97%	43.16%
EBIT Growth	-69.64%	-206.42%	-6.94%	-119.56%	-78.36%	123.20%	129.45%	100.43%	-209.48%	-112.51%	61.96%
NOPAT Growth	-71.48%	-197.34%	-7.65%	-118.33%	-72.16%	125.90%	128.16%	84.99%	-182.75%	-109.83%	47.24%
Net Income Growth	-72.13%	-226.77%	-8.62%	-124.78%	-76.13%	119.44%	124.46%	86.21%	-203.72%	-118.51%	53.68%
EPS Growth	-71.51%	-230.68%	-8.14%	-125.51%	-75.51%	120.12%	124.73%	84.00%	-208.33%	-119.70%	69.57%
Operating Cash Flow Growth	235.30%	-58.88%	-78.71%	82.64%	-55.70%	-34.24%	28.78%	177.78%	-55.48%	38.26%	28.10%
Free Cash Flow Firm Growth	102.94%	203.52%	471.12%	307.10%	7,686.13%	10.68%	23.64%	-78.69%	-89.10%	-429.76%	-850.29%
Invested Capital Growth	1.54%	-14.26%	-5.41%	-19.22%	-17.38%	-4.91%	-1.97%	-5.02%	-2.84%	25.63%	23.74%
Revenue Q/Q Growth	-17.49%	-3.63%	-21.98%	8.11%	16.73%	14.17%	-9.46%	-5.94%	-3.14%	24.96%	25.39%
EBITDA Q/Q Growth	-37.89%	-392.65%	76.38%	122.16%	264.60%	114.22%	-36.60%	-42.85%	-35.74%	41.84%	174.81%
EBIT Q/Q Growth	-48.59%	-608.72%	67.41%	77.05%	156.86%	445.49%	-58.63%	-99.67%	-14,629.17%	37.68%	635.76%
NOPAT Q/Q Growth	-50.42%	-593.61%	67.45%	76.98%	175.29%	359.13%	-64.61%	-112.26%	-315.20%	45.48%	630.35%
Net Income Q/Q Growth	-51.16%	-767.97%	71.08%	73.74%	147.04%	444.11%	-63.62%	-114.81%	-253.66%	2.91%	402.13%
EPS Q/Q Growth	-50.00%	-769.39%	71.65%	73.12%	148.00%	450.00%	-65.15%	-117.39%	-225.00%	0.00%	400.00%
Operating Cash Flow Q/Q Growth	232.45%	-63.33%	-30.52%	-151.43%	438.10%	-45.57%	36.07%	-68.94%	93.53%	69.03%	26.07%
Free Cash Flow Firm Q/Q Growth	102.40%	2,464.13%	-66.52%	905.37%	-9.80%	-63.55%	-62.59%	73.29%	-53.87%	-1,202.84%	14.89%
Invested Capital Q/Q Growth	-6.04%	-12.79%	-4.22%	2.94%	-3.91%	0.37%	-1.27%	-0.26%	-1.70%	29.79%	-2.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.75%	19.83%	7.87%	16.44%	18.68%	20.00%	15.81%	14.34%	13.32%	17.51%	17.66%
EBITDA Margin	10.79%	-32.77%	-9.92%	2.03%	6.35%	11.92%	8.35%	5.07%	3.36%	3.82%	8.37%
Operating Margin	6.97%	-36.82%	-15.36%	-3.27%	1.59%	7.60%	3.30%	-0.43%	-1.85%	-0.81%	3.16%
EBIT Margin	6.97%	-36.81%	-15.38%	-3.26%	1.59%	7.60%	3.47%	0.01%	-1.85%	-0.92%	3.94%
Profit (Net Income) Margin	4.81%	-33.31%	-12.35%	-3.00%	1.21%	5.76%	2.32%	-0.36%	-1.33%	-1.03%	2.49%
Tax Burden Percent	72.20%	90.12%	80.32%	85.83%	93.12%	78.18%	70.37%	177.94%	65.89%	79.44%	75.74%
Interest Burden Percent	95.44%	100.40%	99.96%	107.07%	81.63%	96.98%	94.76%	-1,662.50%	109.29%	141.23%	83.54%
Effective Tax Rate	27.80%	0.00%	0.00%	0.00%	6.88%	21.82%	29.63%	0.00%	0.00%	0.00%	24.26%
Return on Invested Capital (ROIC)	10.13%	-46.80%	-17.07%	-2.92%	1.95%	8.72%	3.73%	-0.49%	-2.15%	-0.82%	3.93%
ROIC Less NNEP Spread (ROIC-NNEP)	254.61%	18.41%	-12.28%	-15.18%	5.22%	10.48%	3.78%	0.52%	-1.60%	-3.07%	4.82%
Return on Net Nonoperating Assets (RNNOA)	-0.08%	-0.72%	1.13%	-0.26%	-0.15%	-0.45%	-0.18%	-0.01%	0.04%	-0.29%	0.30%
Return on Equity (ROE)	10.05%	-47.52%	-15.94%	-3.18%	1.80%	8.27%	3.55%	-0.51%	-2.11%	-1.11%	4.23%
Cash Return on Invested Capital (CROIC)	9.76%	8.75%	-1.94%	10.47%	6.21%	3.75%	5.24%	9.11%	5.93%	-22.65%	-20.83%
Operating Return on Assets (OROA)	9.73%	-45.70%	-15.31%	-2.89%	1.44%	7.41%	3.80%	0.01%	-2.08%	-0.86%	4.16%
Return on Assets (ROA)	6.71%	-41.35%	-12.29%	-2.66%	1.10%	5.62%	2.54%	-0.40%	-1.50%	-0.97%	2.63%
Return on Common Equity (ROCE)	9.88%	-46.95%	-15.76%	-3.14%	1.78%	8.20%	3.52%	-0.50%	-2.09%	-1.10%	4.20%
Return on Equity Simple (ROE_SIMPLE)	10.70%	-9.85%	0.00%	-15.91%	-17.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	11	-52	-17	-3.93	2.96	14	4.81	-0.59	-2.45	-1.33	7.08
NOPAT Margin	5.03%	-25.78%	-10.75%	-2.29%	1.48%	5.94%	2.32%	-0.30%	-1.30%	-0.57%	2.39%
Net Nonoperating Expense Percent (NNEP)	-244.48%	-65.20%	-4.78%	12.27%	-3.27%	-1.77%	-0.05%	-1.01%	-0.55%	2.25%	-0.89%
Return On Investment Capital (ROIC_SIMPLE)	1.60%	-	-	-	0.55%	2.49%	0.89%	-0.11%	-0.47%	-0.19%	1.02%
Cost of Revenue to Revenue	82.25%	80.17%	92.13%	83.56%	81.32%	80.00%	84.19%	85.66%	86.68%	82.49%	82.34%
SG&A Expenses to Revenue	7.32%	9.15%	13.59%	15.88%	13.25%	8.68%	9.09%	10.66%	11.05%	13.48%	10.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.78%	56.65%	23.23%	19.71%	17.10%	12.40%	12.52%	14.78%	15.17%	18.32%	14.50%
Earnings before Interest and Taxes (EBIT)	15	-75	-24	-5.60	3.19	17	7.19	0.02	-3.49	-2.17	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	-67	-16	3.49	13	27	17	9.88	6.35	9.00	25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.80	1.59	1.35	1.50	1.45	1.17	1.17	1.21	1.10	0.93	1.03
Price to Tangible Book Value (P/TBV)	3.71	2.69	2.36	2.66	2.58	2.07	2.04	2.10	1.95	3.83	3.60
Price to Revenue (P/Rev)	0.92	0.85	0.86	1.04	1.01	0.79	0.74	0.75	0.66	0.58	0.59
Price to Earnings (P/E)	17.31	0.00	0.00	0.00	0.00	0.00	40.42	32.48	37.67	0.00	325.86
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.78%	0.00%	0.00%	0.00%	0.00%	0.00%	2.47%	3.08%	2.66%	0.00%	0.31%
Enterprise Value to Invested Capital (EV/IC)	1.82	1.62	1.37	1.50	1.46	1.18	1.18	1.22	1.10	0.95	1.03
Enterprise Value to Revenue (EV/Rev)	0.91	0.82	0.84	1.05	1.00	0.79	0.73	0.73	0.66	0.73	0.69
Enterprise Value to EBITDA (EV/EBITDA)	9.10	0.00	0.00	0.00	0.00	21.53	9.66	9.05	8.86	14.14	12.67
Enterprise Value to EBIT (EV/EBIT)	12.17	0.00	0.00	0.00	0.00	0.00	26.50	21.88	25.52	387.20	105.43
Enterprise Value to NOPAT (EV/NOPAT)	16.24	0.00	0.00	0.00	0.00	0.00	35.85	30.10	35.76	1,467.49	292.90
Enterprise Value to Operating Cash Flow (EV/OCF)	7.39	7.39	12.49	8.18	12.26	11.52	10.38	8.51	9.67	9.76	9.38
Enterprise Value to Free Cash Flow (EV/FCFF)	18.79	17.06	0.00	12.77	21.29	30.76	22.25	13.09	18.35	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.03	0.00	0.05	0.04	0.05	0.03	0.04	0.04	0.32	0.31
Long-Term Debt to Equity	0.06	0.03	0.00	0.05	0.04	0.05	0.03	0.04	0.04	0.32	0.31
Financial Leverage	0.00	-0.04	-0.09	0.02	-0.03	-0.04	-0.05	-0.02	-0.02	0.09	0.06
Leverage Ratio	1.44	1.41	1.45	1.46	1.42	1.44	1.40	1.45	1.43	1.70	1.65
Compound Leverage Factor	1.38	1.41	1.45	1.57	1.16	1.40	1.32	-24.14	1.57	2.40	1.38
Debt to Total Capital	5.27%	2.60%	0.00%	5.09%	4.28%	5.13%	3.35%	4.23%	3.85%	24.03%	23.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	5.27%	2.60%	0.00%	5.09%	4.28%	5.13%	3.35%	4.23%	3.85%	24.03%	23.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.29%	0.88%	0.88%	0.84%	0.86%	0.90%	0.81%	0.79%	0.81%	0.57%	0.57%
Common Equity to Total Capital	93.44%	96.52%	99.12%	94.07%	94.86%	93.97%	95.84%	94.98%	95.33%	75.40%	75.63%
Debt to EBITDA	0.29	-0.66	0.00	-0.50	-0.35	1.01	0.30	0.34	0.33	3.88	3.30
Net Debt to EBITDA	-0.17	1.42	0.00	-0.01	0.18	-0.39	-0.31	-0.31	-0.14	2.70	1.81
Long-Term Debt to EBITDA	0.29	-0.66	0.00	-0.50	-0.35	1.01	0.30	0.34	0.33	3.88	3.30
Debt to NOPAT	0.51	-0.40	0.00	-0.44	-0.32	-4.23	1.10	1.14	1.33	402.93	76.32
Net Debt to NOPAT	-0.30	0.85	0.00	-0.01	0.17	1.62	-1.16	-1.05	-0.55	280.42	41.90
Long-Term Debt to NOPAT	0.51	-0.40	0.00	-0.44	-0.32	-4.23	1.10	1.14	1.33	402.93	76.32
Altman Z-Score	5.14	4.27	4.10	3.91	3.99	3.60	3.88	3.74	3.70	2.16	2.44
Noncontrolling Interest Sharing Ratio	1.66%	1.20%	1.09%	1.12%	1.15%	0.93%	0.86%	0.85%	0.87%	0.85%	0.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.67	1.46	1.55	1.52	1.60	1.63	1.63	1.56	1.31	1.43
Quick Ratio	0.60	0.61	0.36	0.44	0.38	0.55	0.45	0.52	0.31	0.34	0.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1.39	36	12	120	109	40	15	26	12	-131	-111
Operating Cash Flow to CapEx	509.94%	195.85%	139.04%	-97.40%	503.22%	232.37%	309.44%	154.67%	287.11%	373.40%	270.69%
Free Cash Flow to Firm to Interest Expense	2.08	120.84	0.00	0.00	185.66	75.40	0.00	60.66	36.53	-145.69	-57.99
Operating Cash Flow to Interest Expense	95.56	79.43	0.00	0.00	48.56	29.45	0.00	15.45	39.03	23.86	14.07
Operating Cash Flow Less CapEx to Interest Expense	76.82	38.88	0.00	0.00	38.91	16.78	0.00	5.46	25.44	17.47	8.87
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.40	1.24	1.00	0.89	0.91	0.98	1.10	1.10	1.13	0.94	1.06
Accounts Receivable Turnover	29.28	16.50	18.12	14.95	33.45	17.28	34.98	23.97	52.38	22.91	32.44
Inventory Turnover	5.35	4.74	4.31	3.90	4.07	4.20	4.61	4.71	4.71	3.97	4.77
Fixed Asset Turnover	5.67	4.64	3.69	3.08	3.01	3.11	3.36	3.48	3.48	3.43	3.77
Accounts Payable Turnover	26.63	17.81	22.90	18.00	21.65	15.61	30.45	19.38	27.38	13.34	21.57
Days Sales Outstanding (DSO)	12.46	22.13	20.15	24.41	10.91	21.12	10.44	15.23	6.97	15.93	11.25
Days Inventory Outstanding (DIO)	68.18	77.06	84.77	93.54	89.72	86.85	79.15	77.56	77.43	91.98	76.56
Days Payable Outstanding (DPO)	13.71	20.50	15.94	20.28	16.86	23.38	11.99	18.83	13.33	27.36	16.92
Cash Conversion Cycle (CCC)	66.94	78.68	88.98	97.67	83.78	84.59	77.60	73.95	71.07	80.56	70.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	608	530	508	523	502	504	498	496	488	633	616
Invested Capital Turnover	2.01	1.82	1.59	1.27	1.32	1.47	1.61	1.63	1.65	1.45	1.64
Increase / (Decrease) in Invested Capital	9.23	-88	-29	-124	-106	-26	-10	-26	-14	129	118
Enterprise Value (EV)	1,106	857	694	782	734	597	587	608	538	601	633
Market Capitalization	1,118	884	716	777	741	602	601	625	542	482	539
Book Value per Share	$30.40	$27.27	$25.93	$25.87	$25.86	$26.13	$26.86	$26.83	$25.75	$27.83	$26.71
Tangible Book Value per Share	$14.77	$16.09	$14.83	$14.61	$14.55	$14.85	$15.40	$15.49	$14.48	$6.77	$7.63
Total Capital	664	577	535	550	537	546	538	544	519	687	693
Total Debt	35	15	0.00	28	23	28	18	23	20	165	165
Total Long-Term Debt	35	15	0.00	28	23	28	18	23	20	165	165
Net Debt	-21	-32	-27	0.34	-12	-11	-19	-21	-8.21	115	91
Capital Expenditures (CapEx)	13	12	12	8.63	5.65	6.65	6.80	4.23	4.41	5.73	9.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	58	56	37	51	36	51	48	52	49	23	19
Debt-free Net Working Capital (DFNWC)	114	103	64	79	71	90	85	96	77	73	93
Net Working Capital (NWC)	114	103	64	79	71	90	85	96	77	73	93
Net Nonoperating Expense (NNE)	0.48	15	2.53	1.22	0.54	0.40	0.01	0.12	0.06	1.10	-0.29
Net Nonoperating Obligations (NNO)	-21	-32	-27	0.34	-12	-14	-22	-24	-11	112	88
Total Depreciation and Amortization (D&A)	8.06	8.23	8.66	9.09	9.54	9.88	10	9.85	9.83	11	13
Debt-free, Cash-free Net Working Capital to Revenue	4.81%	5.36%	4.41%	6.87%	4.87%	6.70%	5.98%	6.23%	5.95%	2.82%	2.04%
Debt-free Net Working Capital to Revenue	9.39%	9.88%	7.66%	10.58%	9.66%	11.80%	10.56%	11.54%	9.40%	8.89%	10.18%
Net Working Capital to Revenue	9.39%	9.88%	7.66%	10.58%	9.66%	11.80%	10.56%	11.54%	9.40%	8.89%	10.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)	$0.39
Adjusted Weighted Average Basic Shares Outstanding	20.38M	20.40M	20.44M	20.03M	19.74M	19.56M	19.66M	19.34M	19.12M	19.04M	19.30M
Adjusted Diluted Earnings per Share	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)	$0.39
Adjusted Weighted Average Diluted Shares Outstanding	20.45M	20.40M	20.44M	20.03M	19.80M	19.58M	19.69M	19.34M	19.12M	19.04M	19.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.43M	20.44M	20.01M	19.72M	19.64M	19.19M	19.25M	19.23M	18.60M	19.64M	19.68M
Normalized Net Operating Profit after Tax (NOPAT)	11	9.44	-17	-3.93	2.96	14	4.81	-0.59	-2.45	-1.33	7.08
Normalized NOPAT Margin	5.03%	4.64%	-10.75%	-2.29%	1.48%	5.94%	2.32%	-0.30%	-1.30%	-0.57%	2.39%
Pre Tax Income Margin	6.66%	-36.96%	-15.37%	-3.50%	1.30%	7.37%	3.29%	-0.20%	-2.02%	-1.30%	3.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.94	-253.00	0.00	0.00	5.44	33.09	0.00	0.06	-10.76	-2.43	6.08
NOPAT to Interest Expense	15.83	-177.13	0.00	0.00	5.06	25.86	0.00	-1.39	-7.55	-1.49	3.69
EBIT Less CapEx to Interest Expense	3.20	-293.56	0.00	0.00	-4.21	20.42	0.00	-9.93	-24.36	-8.81	0.88
NOPAT Less CapEx to Interest Expense	-2.91	-217.69	0.00	0.00	-4.59	13.19	0.00	-11.38	-21.15	-7.88	-1.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.84%	-3.39%	-1.58%	-0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.95%
Augmented Payout Ratio	33.61%	-39.36%	-53.52%	-36.77%	-33.05%	-435.71%	235.93%	129.51%	248.25%	-4,568.82%	1,998.48%

Financials Breakdown Chart

Key Financial Trends

Malibu Boats’ (NASDAQ:MBUU) latest results show a sharp recovery in the fourth quarter of fiscal 2026 after a difficult first three quarters. Revenue increased to $295.5 million from $207.0 million in Q4 fiscal 2025, while gross profit rose to $52.2 million. The gross margin improved to approximately 17.7%, compared with 15.8% a year earlier.

Profitability also improved meaningfully. Operating income reached $9.3 million, compared with $6.8 million in Q4 fiscal 2025, and net income attributable to common shareholders increased to $7.2 million, or $0.39 per diluted share, from $4.7 million, or $0.23 per share. This represents a strong rebound from fiscal 2026 losses of $0.7 million, $2.5 million and $2.4 million in the first three quarters, respectively.

Over the longer period represented in the data, Malibu Boats has experienced substantial earnings volatility. Quarterly revenue peaked near $375 million in fiscal 2023 before falling to $158.7 million in Q4 fiscal 2024. The company then began recovering, with revenue reaching $207.0 million in Q4 fiscal 2025 and $295.5 million in the latest quarter. The Q3 fiscal 2024 impairment charge of $88.4 million was a major contributor to the company’s unusually large operating loss during that period.

Cash generation has been a consistent strength in the most recent quarters. Operating cash flow rose from $6.5 million in Q1 fiscal 2026 to $12.6 million in Q2, $21.4 million in Q3 and $27.0 million in Q4. For Q4 fiscal 2026, operating cash flow was substantially higher than reported net income because of $13.0 million in depreciation and amortization and a $7.0 million benefit from changes in operating assets and liabilities.

Revenue recovery: Q4 fiscal 2026 revenue increased approximately 43% year over year, reversing much of the decline experienced between fiscal 2023 and fiscal 2024.
Improved margins: Q4 gross margin expanded to approximately 17.7% from 15.8% a year earlier, while operating income returned to positive territory after losses in the first three fiscal 2026 quarters.
Strong recent cash flow: Operating cash flow was positive in every fiscal 2026 quarter and reached $27.0 million in Q4. Fiscal 2026 operating cash flow through Q4 totaled approximately $67.5 million.
Share-count reduction: Weighted average basic shares declined from approximately 20.7 million in Q4 fiscal 2022 to 19.3 million in Q4 fiscal 2026, helped by recurring share repurchases. Fewer shares can support per-share earnings when profitability recovers.
Liquidity improvement during fiscal 2026: Cash increased from $28.2 million at December 31, 2025, to $50.2 million at March 31, 2026. The company also reported a $24.3 million increase in cash during Q4 fiscal 2026.
Capital investment remains material: Malibu Boats spent $10.1 million on property, plant and equipment in Q4 fiscal 2026. This may support future production and capacity, although it reduces free cash flow in the near term.
Working capital is volatile: Changes in operating assets and liabilities boosted operating cash flow by $7.0 million in Q4 fiscal 2026, but working capital was a $14.3 million use of cash in Q1 fiscal 2025 and an $83.2 million use in Q1 fiscal 2024. Cash-flow trends may therefore fluctuate with inventory and receivables.
Debt increased sharply: Long-term debt rose from $20.0 million at December 31, 2025, to $165.0 million at March 31, 2026, following a $145.0 million debt issuance. Interest expense also increased to $1.9 million in Q4 fiscal 2026 from $0.5 million in Q4 fiscal 2025.
Inventory remains elevated: Net inventory reached $204.7 million at March 31, 2026, up from $146.9 million at September 30, 2025. High inventory can tie up cash and create markdown risk if demand weakens.
Profitability has not yet stabilized: Despite the Q4 recovery, fiscal 2026 included three consecutive quarterly losses before the final-quarter improvement. Revenue and earnings remain well below the strongest fiscal 2022 and fiscal 2023 quarters, when quarterly operating income exceeded $48 million in several periods.

Overall, the latest quarter provides evidence that Malibu Boats can restore profitability and generate substantial operating cash when sales volumes and margins improve. However, investors should monitor whether the Q4 rebound continues, whether elevated inventory converts into sales, and whether the sharp increase in debt leads to persistently higher interest costs. The company’s recovery remains promising but uneven, with significant exposure to seasonal demand and cyclical marine-market conditions.

09/16/26 02:35 PM ETAI Generated. May Contain Errors.

Malibu Boats Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Malibu Boats' fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

Malibu Boats' net income appears to be on a downward trend, with a most recent value of $1.71 million in 2026, falling from $20.30 million in 2016. The previous period was $15.24 million in 2025. Find out what analysts predict for Malibu Boats in the coming months.

Malibu Boats' total operating income in 2026 was $3.10 million, based on the following breakdown:

Total Gross Profit: $146.52 million
Total Operating Expenses: $143.42 million

Over the last 10 years, Malibu Boats' total revenue changed from $252.97 million in 2016 to $914.59 million in 2026, a change of 261.5%.

Malibu Boats' total liabilities were at $467.77 million at the end of 2026, a 117.8% increase from 2025, and a 131.2% increase since 2016.

In the past 10 years, Malibu Boats' cash and equivalents has ranged from $25.92 million in 2016 to $83.74 million in 2022, and is currently $74.42 million as of their latest financial filing in 2026.

Over the last 10 years, Malibu Boats' book value per share changed from 0.86 in 2016 to 26.71 in 2026, a change of 3,017.8%.

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Financial statements for NASDAQ:MBUU last updated on 8/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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