What is Malibu Boats' operating income?

Malibu Boats' total operating income in 2025 was $21.76 million, based on the following breakdown: Total Gross Profit: $144.09 million Total Operating Expenses: $122.33 million

Malibu Boats (MBUU) Financials

$28.17 -0.76 (-2.63%)

Closing price 07/17/2026 04:00 PM Eastern

Extended Trading

$28.15 -0.02 (-0.06%)

As of 07/17/2026 07:59 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Net Income / (Loss) Attributable to Common Shareholders	15	18	28	28	66	62	110	158	105	-56	15
Consolidated Net Income / (Loss)	23	20	31	31	70	65	114	163	108	-56	15
Net Income / (Loss) Continuing Operations	23	20	31	31	70	65	114	163	108	-56	15
Total Pre-Tax Income	32	32	49	89	92	84	148	210	141	-58	20
Total Operating Income	31	36	39	70	98	85	150	214	145	-56	22
Total Gross Profit	60	67	75	120	166	149	236	310	351	147	144
Total Revenue	229	253	282	497	684	653	927	1,215	1,388	829	808
Operating Revenue	229	253	282	497	684	653	927	1,215	1,388	829	808
Total Cost of Revenue	168	186	207	377	518	504	690	905	1,037	682	663
Operating Cost of Revenue	168	186	207	377	518	504	690	905	1,037	682	663
Total Operating Expenses	29	31	36	50	68	64	87	96	207	203	122
Selling, General & Admin Expense	20	21	25	31	44	40	62	66	176	76	92
Marketing Expense	7.01	7.48	8.62	14	18	18	18	23	24	23	23
Amortization Expense	2.46	2.19	2.20	5.20	5.96	6.13	7.26	6.96	6.81	6.81	6.80
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	97	0.00
Total Other Income / (Expense), net	0.70	-3.81	9.23	19	-6.32	-1.58	-1.51	-3.86	-3.29	-1.84	-1.50
Interest Expense	0.95	3.88	1.56	5.39	6.46	3.89	2.53	2.88	2.96	1.84	1.88
Other Income / (Expense), net	1.65	0.08	11	25	0.15	2.31	1.02	-0.98	-0.33	0.00	0.39
Income Tax Expense	8.66	12	18	58	22	19	34	47	34	-1.34	5.02
Net Income / (Loss) Attributable to Noncontrolling Interest	8.52	2.25	2.72	3.36	3.64	3.09	4.44	5.80	3.40	-0.53	0.36
Basic Earnings per Share	$0.93	$1.01	$1.59	$1.37	$3.17	$2.98	$5.29	$7.60	$5.10	($2.74)	$0.76
Weighted Average Basic Shares Outstanding	15.73M	17.93M	17.85M	20.18M	20.83M	20.66M	20.75M	20.75M	20.50M	20.44M	19.66M
Diluted Earnings per Share	$0.93	$1.00	$1.58	$1.36	$3.15	$2.95	$5.23	$7.51	$5.06	($2.74)	$0.76
Weighted Average Diluted Shares Outstanding	15.74M	17.99M	17.95M	20.28M	20.97M	20.85M	21.01M	20.99M	20.64M	20.44M	19.69M
Weighted Average Basic & Diluted Shares Outstanding	15M	17.90M	17.80M	20.20M	20.85M	20.62M	20.85M	20.50M	20.60M	20.01M	19.25M

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	20	9.88	-67	-19	-5.05	2.36	13	4.67	-0.70	-2.46	-2.42
Consolidated Net Income / (Loss)	21	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44
Net Income / (Loss) Continuing Operations	21	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44
Total Pre-Tax Income	28	14	-75	-24	-6.00	2.60	17	6.81	-0.40	-3.81	-3.07
Total Operating Income	29	15	-75	-24	-5.61	3.18	17	6.83	-0.84	-3.50	-1.91
Total Gross Profit	57	37	40	12	28	37	46	33	28	25	41
Total Revenue	256	211	203	159	172	200	229	207	195	189	236
Operating Revenue	256	211	203	159	172	200	229	207	195	189	236
Total Cost of Revenue	199	174	163	146	143	163	183	174	167	164	194
Operating Cost of Revenue	199	174	163	146	143	163	183	174	167	164	194
Total Operating Expenses	28	23	115	37	34	34	28	26	29	29	43
Selling, General & Admin Expense	21	15	19	22	27	27	20	19	21	21	32
Marketing Expense	5.75	5.61	6.55	4.87	4.86	5.99	6.83	5.39	6.29	6.07	8.35
Amortization Expense	1.72	1.71	1.69	1.70	1.72	1.71	1.68	1.70	1.71	1.71	3.08
Total Other Income / (Expense), net	-0.87	-0.66	-0.28	-0.02	-0.39	-0.58	-0.52	-0.02	0.44	-0.32	-1.16
Interest Expense	-	0.67	0.30	-0.01	0.40	0.59	0.53	-	0.42	0.32	0.90
Other Income / (Expense), net	0.01	0.01	0.01	-0.03	0.01	0.01	0.01	0.36	0.87	0.01	-0.27
Income Tax Expense	6.98	3.91	-7.43	-4.80	-0.85	0.18	3.68	2.02	0.31	-1.30	-0.63
Net Income / (Loss) Attributable to Noncontrolling Interest	0.51	0.26	-0.93	-0.38	-0.10	0.06	0.28	0.12	-0.01	-0.05	-0.02
Basic Earnings per Share	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)
Weighted Average Basic Shares Outstanding	20.59M	20.38M	20.40M	20.44M	20.03M	19.74M	19.56M	19.66M	19.34M	19.12M	19.04M
Diluted Earnings per Share	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)
Weighted Average Diluted Shares Outstanding	20.68M	20.45M	20.40M	20.44M	20.03M	19.80M	19.58M	19.69M	19.34M	19.12M	19.04M
Weighted Average Basic & Diluted Shares Outstanding	20.40M	20.43M	20.44M	20.01M	19.72M	19.64M	19.19M	19.25M	19.23M	18.60M	19.64M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Net Change in Cash & Equivalents	-3.79	18	6.90	29	-34	6.40	7.69	42	-4.81	-52	10
Net Cash From Operating Activities	13	36	36	58	82	94	131	165	185	56	57
Net Cash From Continuing Operating Activities	13	36	36	58	82	94	131	165	185	56	57
Net Income / (Loss) Continuing Operations	23	20	31	31	70	65	114	163	108	-56	15
Consolidated Net Income / (Loss)	23	20	31	31	70	65	114	163	108	-56	15
Depreciation Expense	2.43	3.34	6.75	7.66	10	12	16	19	22	26	32
Amortization Expense	2.53	2.43	0.24	5.20	5.96	6.13	7.26	6.96	6.81	6.81	6.80
Non-Cash Adjustments To Reconcile Net Income	-18	3.96	-14	-26	-0.57	2.20	2.82	8.42	3.24	99	6.66
Changes in Operating Assets and Liabilities, net	2.70	5.58	11	41	-3.59	8.91	-8.68	-33	45	-20	-3.99
Net Cash From Investing Activities	-17	-5.99	-9.25	-136	-118	-40	-181	-62	-55	-76	-27
Net Cash From Continuing Investing Activities	-17	-5.99	-9.25	-136	-118	-40	-181	-62	-55	-76	-27
Purchase of Property, Plant & Equipment	-5.37	-6.18	-9.26	-10	-18	-41	-31	-55	-55	-76	-28
Sale of Property, Plant & Equipment	0.00	0.19	0.02	0.15	0.00	0.90	0.01	0.01	0.20	0.12	0.54
Net Cash From Financing Activities	0.74	-12	-20	106	2.38	-47	57	-60	-135	-32	-19
Net Cash From Continuing Financing Activities	0.74	-12	-20	106	2.38	-47	57	-60	-135	-32	-19
Repayment of Debt	-23	-6.50	-73	-51	-85	-135	-30	-96	-363	-75	-30
Repurchase of Common Equity	-206	-3.98	0.00	-0.65	0.00	-14	0.00	-35	-7.87	-29	-36
Payment of Dividends	-3.63	-1.39	-1.54	-1.63	-1.79	-1.84	-1.76	-2.72	-3.40	-0.89	0.00
Issuance of Debt	100	0.00	55	105	90	104	90	72	242	75	48
Other Financing Activities, net	0.00	-0.16	-0.26	-0.69	-0.47	-0.45	-0.83	1.23	-1.82	-1.49	-0.87
Effect of Exchange Rate Changes	0.05	-0.06	-	-	-	-0.03	0.13	-0.58	-0.33	-0.01	-0.26
Cash Interest Paid	0.49	3.14	2.30	4.35	6.01	3.81	2.02	2.29	3.06	3.05	1.95
Cash Income Taxes Paid	1.44	8.12	7.18	9.89	14	11	23	42	51	3.53	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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-33	10	-8.61	-20	0.71	7.46	3.60	-1.71	7.10	-16	22
Net Cash From Operating Activities	-48	64	24	16	-8.40	28	15	21	6.54	13	21
Net Cash From Continuing Operating Activities	-48	64	24	16	-8.40	28	15	21	6.54	13	21
Net Income / (Loss) Continuing Operations	21	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44
Consolidated Net Income / (Loss)	21	10	-68	-20	-5.15	2.42	13	4.79	-0.71	-2.51	-2.44
Depreciation Expense	6.32	6.34	6.54	6.97	7.37	7.82	8.20	8.40	8.14	8.12	8.10
Amortization Expense	1.72	1.71	1.69	1.70	1.72	1.71	1.68	1.70	1.71	1.71	3.08
Non-Cash Adjustments To Reconcile Net Income	5.96	-3.21	90	6.38	1.95	3.06	0.30	1.35	0.77	2.14	1.45
Changes in Operating Assets and Liabilities, net	-83	49	-7.23	21	-14	13	-7.89	4.81	-3.38	3.18	11
Net Cash From Investing Activities	-40	-13	-12	-12	-8.63	-5.30	-6.65	-6.80	-4.23	-4.41	-132
Net Cash From Continuing Investing Activities	-40	-13	-12	-12	-8.63	-5.30	-6.65	-6.80	-4.23	-4.41	-132
Purchase of Property, Plant & Equipment	-40	-13	-12	-12	-8.63	-5.65	-6.69	-6.95	-4.31	-4.41	-5.89
Sale of Property, Plant & Equipment	-	-	-	0.11	0.00	-	0.04	0.16	0.08	0.01	0.16
Net Cash From Financing Activities	55	-41	-20	-25	18	-15	-5.14	-16	4.64	-24	132
Net Cash From Continuing Financing Activities	55	-41	-20	-25	18	-15	-5.14	-16	4.64	-24	132
Repurchase of Common Equity	-9.62	-10	-	-9.57	-10	-9.73	-10	-5.66	0.00	-21	-13
Issuance of Debt	75	-	-	-	38	5.00	5.00	-	10	10	145
Other Financing Activities, net	0.00	-1.22	-0.03	-0.25	-0.02	-0.50	-0.04	-0.31	-0.36	-0.45	-0.04
Effect of Exchange Rate Changes	-	-	-0.09	0.06	0.23	-0.42	-0.08	0.01	-	-	0.36
Cash Interest Paid	0.10	1.54	0.88	0.53	0.49	0.58	0.48	0.39	0.35	0.28	0.39
Cash Income Taxes Paid	0.58	1.38	0.04	1.54	0.14	-0.56	1.03	1.51	-0.23	0.25	0.07

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Total Assets	200	222	224	366	451	477	743	851	926	740	735
Total Current Assets	40	65	70	134	128	124	213	298	326	202	220
Cash & Equivalents	8.39	26	33	62	27	34	41	84	79	27	37
Accounts Receivable	9.48	15	9.85	25	28	14	50	52	68	23	23
Inventories, net	20	20	24	44	68	73	117	157	171	146	142
Prepaid Expenses	1.37	2.71	2.47	3.30	4.53	3.95	4.78	6.16	7.83	6.47	15
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	0.00	3.06
Plant, Property, & Equipment, net	15	18	24	41	66	94	133	171	205	245	236
Total Noncurrent Assets	146	140	129	191	258	259	397	382	395	293	279
Goodwill	13	12	13	32	51	51	101	101	101	51	51
Intangible Assets	14	12	9.60	94	146	140	235	228	221	175	169
Noncurrent Deferred & Refundable Income Taxes	119	116	107	64	60	53	48	42	63	58	52
Other Noncurrent Operating Assets	0.10	0.03	0.08	0.45	0.04	14	13	11	10	7.93	7.27
Total Liabilities & Shareholders' Equity	200	222	224	366	451	477	743	851	926	740	735
Total Liabilities	199	202	171	226	241	216	362	338	310	205	215
Total Current Liabilities	34	48	39	65	75	70	134	139	232	139	135
Accounts Payable	9.15	16	13	24	21	16	46	44	40	19	24
Accrued Expenses	14	19	22	36	49	50	77	88	187	119	110
Current Deferred & Payable Income Tax Liabilities	3.75	4.62	4.85	5.35	5.06	3.83	6.98	5.63	4.96	0.00	0.42
Total Noncurrent Liabilities	165	154	132	161	166	146	227	198	78	66	80
Long-Term Debt	71	63	53	108	114	83	139	118	-	0.00	18
Noncurrent Deferred & Payable Income Tax Liabilities	0.87	0.69	0.55	0.34	0.15	0.01	28	27	28	18	15
Other Noncurrent Operating Liabilities	94	91	78	52	52	63	60	53	49	49	47
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	1.29	20	52	140	210	262	381	514	616	535	520
Total Preferred & Common Equity	-2.61	15	47	134	204	255	373	503	608	530	515
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	-2.61	15	47	134	204	255	373	503	608	530	515
Common Stock	46	46	49	108	113	104	112	85	87	64	35
Retained Earnings	-46	-28	0.15	28	94	154	264	421	526	470	485
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-3.51	-4.34	-4.20	-4.65
Noncontrolling Interest	3.90	4.68	4.94	5.50	6.12	6.95	7.73	10	7.87	4.71	4.37

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
DEI Shares Outstanding	14,891,142.00	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
DEI Adjusted Shares Outstanding	14,891,142.00	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
DEI Earnings Per Adjusted Shares Outstanding	0.98	1.01	1.58	1.35	3.17	3.00	5.27	-	-	-	0.78
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.74%	10.65%	11.45%	76.28%	37.63%	-4.51%	41.85%	31.12%	14.28%	-40.29%	-2.59%
EBITDA Growth	377.14%	10.56%	37.06%	88.10%	6.13%	-7.20%	63.85%	37.70%	-27.59%	-113.26%	364.61%
EBIT Growth	7,454.26%	9.70%	39.60%	88.69%	3.68%	-10.83%	72.10%	41.15%	-32.13%	-138.73%	139.59%
NOPAT Growth	7,219.73%	0.12%	10.92%	-3.60%	206.88%	-11.57%	75.26%	44.16%	-33.65%	-135.47%	141.79%
Net Income Growth	2,051.43%	-12.46%	53.12%	-0.34%	125.07%	-7.24%	76.75%	43.01%	-33.97%	-152.31%	127.00%
EPS Growth	0.00%	7.53%	58.00%	-13.92%	131.62%	-6.35%	77.29%	43.59%	-32.62%	-154.15%	127.74%
Operating Cash Flow Growth	-47.18%	183.64%	0.71%	63.03%	39.42%	15.51%	39.49%	25.54%	12.06%	-69.93%	1.71%
Free Cash Flow Firm Growth	-389.01%	188.00%	-36.72%	-610.54%	60.55%	246.73%	-209.70%	275.58%	23.12%	-108.23%	360.54%
Invested Capital Growth	338.15%	-7.18%	11.69%	156.44%	58.83%	4.72%	55.50%	13.77%	-2.30%	-5.41%	-1.97%
Revenue Q/Q Growth	3.31%	2.41%	3.08%	14.66%	8.95%	-10.44%	20.57%	6.72%	1.39%	-20.49%	6.37%
EBITDA Q/Q Growth	171.96%	-7.52%	25.28%	52.06%	14.61%	-15.52%	28.29%	8.40%	-33.30%	-1.69%	119.14%
EBIT Q/Q Growth	290.20%	-9.19%	27.81%	61.95%	14.97%	-18.37%	31.91%	9.45%	-37.65%	-2.91%	334.35%
NOPAT Q/Q Growth	444.25%	-13.12%	-3.27%	37.03%	7.80%	-19.13%	32.19%	10.93%	-38.45%	-3.20%	347.50%
Net Income Q/Q Growth	362.92%	-14.66%	24.80%	11.03%	11.42%	-17.77%	33.15%	9.90%	-38.56%	-2.83%	266.54%
EPS Q/Q Growth	0.00%	-13.04%	26.40%	5.43%	11.31%	-17.60%	33.42%	10.44%	-38.52%	-2.62%	290.00%
Operating Cash Flow Q/Q Growth	2.43%	10.87%	-18.43%	12.03%	40.77%	-13.85%	9.13%	9.91%	20.12%	-52.09%	9.08%
Free Cash Flow Firm Q/Q Growth	0.00%	58.56%	-13.71%	10.31%	31.65%	-29.65%	16.10%	16.04%	35.23%	-120.14%	35.95%
Invested Capital Q/Q Growth	39.47%	10.51%	12.59%	2.41%	-2.17%	-0.09%	3.63%	3.68%	-13.19%	-4.22%	-1.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.43%	26.41%	26.62%	24.21%	24.31%	22.85%	25.52%	25.52%	25.30%	17.74%	17.84%
EBITDA Margin	16.52%	16.50%	20.29%	21.66%	16.70%	16.23%	18.75%	19.69%	12.47%	-2.77%	7.52%
Operating Margin	13.63%	14.19%	13.99%	14.10%	14.34%	13.06%	16.17%	17.60%	10.43%	-6.75%	2.69%
EBIT Margin	14.35%	14.22%	17.82%	19.07%	14.37%	13.41%	16.28%	17.52%	10.40%	-6.75%	2.74%
Profit (Net Income) Margin	10.14%	8.02%	11.02%	6.23%	10.19%	9.90%	12.33%	13.45%	7.77%	-6.81%	1.89%
Tax Burden Percent	72.80%	63.23%	63.85%	34.65%	75.93%	77.22%	77.08%	77.84%	76.27%	97.68%	75.21%
Interest Burden Percent	97.09%	89.21%	96.90%	94.32%	93.42%	95.56%	98.32%	98.65%	97.95%	103.29%	91.50%
Effective Tax Rate	27.20%	36.77%	36.15%	65.35%	24.07%	22.78%	22.92%	22.16%	23.73%	0.00%	24.79%
Return on Invested Capital (ROIC)	52.57%	33.53%	36.49%	18.71%	30.83%	21.70%	29.10%	32.24%	20.33%	-7.50%	3.26%
ROIC Less NNEP Spread (ROIC-NNEP)	54.35%	29.31%	54.42%	38.55%	23.62%	19.90%	27.55%	27.88%	31.99%	25.14%	7.85%
Return on Net Nonoperating Assets (RNNOA)	105.38%	156.91%	49.51%	13.54%	8.98%	5.70%	6.47%	4.29%	-1.22%	-2.31%	-0.37%
Return on Equity (ROE)	157.95%	190.44%	86.00%	32.24%	39.80%	27.40%	35.56%	36.53%	19.11%	-9.81%	2.89%
Cash Return on Invested Capital (CROIC)	-73.10%	40.98%	25.45%	-69.07%	-14.63%	17.09%	-14.35%	19.36%	22.66%	-1.94%	5.24%
Operating Return on Assets (OROA)	23.01%	17.03%	22.52%	32.16%	24.05%	18.87%	24.72%	26.70%	16.26%	-6.72%	3.00%
Return on Assets (ROA)	16.26%	9.60%	13.94%	10.51%	17.06%	13.92%	18.73%	20.50%	12.14%	-6.78%	2.07%
Return on Common Equity (ROCE)	89.62%	113.80%	74.55%	30.45%	38.46%	26.64%	34.75%	35.79%	18.80%	-9.70%	2.87%
Return on Equity Simple (ROE_SIMPLE)	-887.22%	132.22%	65.70%	23.05%	34.13%	25.40%	30.60%	32.48%	17.75%	-10.65%	0.00%
Net Operating Profit after Tax (NOPAT)	23	23	25	24	74	66	115	166	110	-39	16
NOPAT Margin	9.92%	8.97%	8.93%	4.88%	10.89%	10.09%	12.46%	13.70%	7.95%	-4.72%	2.03%
Net Nonoperating Expense Percent (NNEP)	-1.78%	4.22%	-17.93%	-19.85%	7.20%	1.80%	1.55%	4.36%	-11.66%	-32.64%	-4.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	3.04%
Cost of Revenue to Revenue	73.57%	73.59%	73.38%	75.79%	75.69%	77.15%	74.48%	74.48%	74.70%	82.26%	82.16%
SG&A Expenses to Revenue	8.66%	8.40%	8.79%	6.31%	6.47%	6.11%	6.68%	5.46%	12.65%	9.21%	11.45%
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	12.81%	12.22%	12.63%	10.12%	9.96%	9.79%	9.36%	7.92%	14.87%	24.49%	15.15%
Earnings before Interest and Taxes (EBIT)	33	36	50	95	98	88	151	213	144	-56	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	38	42	57	108	114	106	174	239	173	-23	61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	14.10	9.81	6.42	3.97	4.19	4.09	2.15	1.99	1.35	1.17
Price to Tangible Book Value (P/TBV)	0.00	0.00	18.55	111.59	119.66	16.82	41.28	6.21	4.23	2.36	2.04
Price to Revenue (P/Rev)	1.31	0.86	1.65	1.73	1.18	1.63	1.65	0.89	0.87	0.86	0.74
Price to Earnings (P/E)	20.41	12.00	16.36	31.17	12.26	17.33	13.92	6.86	11.58	0.00	40.42
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	4.90%	8.33%	6.11%	3.21%	8.16%	5.77%	7.19%	14.59%	8.64%	0.00%	2.47%
Enterprise Value to Invested Capital (EV/IC)	5.30	4.08	6.72	4.89	3.04	3.62	3.39	2.05	2.12	1.37	1.18
Enterprise Value to Revenue (EV/Rev)	1.63	1.05	1.74	1.84	1.32	1.72	1.77	0.93	0.82	0.84	0.73
Enterprise Value to EBITDA (EV/EBITDA)	9.85	6.38	8.55	8.48	7.90	10.59	9.43	4.71	6.58	0.00	9.66
Enterprise Value to EBIT (EV/EBIT)	11.34	7.40	9.74	9.64	9.18	12.82	10.86	5.30	7.88	0.00	26.50
Enterprise Value to NOPAT (EV/NOPAT)	16.41	11.73	19.43	37.62	12.11	17.05	14.19	6.77	10.31	0.00	35.85
Enterprise Value to Operating Cash Flow (EV/OCF)	29.64	7.48	13.65	15.62	11.07	11.93	12.48	6.84	6.16	12.49	10.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.60	27.87	0.00	0.00	21.64	0.00	11.28	9.25	0.00	22.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	60.19	3.55	1.02	0.78	0.54	0.32	0.38	0.23	0.00	0.00	0.03
Long-Term Debt to Equity	55.13	3.15	1.02	0.78	0.54	0.32	0.36	0.23	0.00	0.00	0.03
Financial Leverage	1.94	5.35	0.91	0.35	0.38	0.29	0.23	0.15	-0.04	-0.09	-0.05
Leverage Ratio	9.71	19.83	6.17	3.07	2.33	1.97	1.90	1.78	1.57	1.45	1.40
Compound Leverage Factor	9.43	17.69	5.98	2.89	2.18	1.88	1.87	1.76	1.54	1.50	1.28
Debt to Total Capital	98.37%	78.02%	50.55%	43.68%	35.07%	24.06%	27.32%	18.89%	0.00%	0.00%	3.35%
Short-Term Debt to Total Capital	8.27%	8.78%	0.00%	0.00%	0.00%	0.00%	0.81%	0.25%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	90.10%	69.24%	50.55%	43.68%	35.07%	24.06%	26.51%	18.64%	0.00%	0.00%	3.35%
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	4.96%	5.14%	4.68%	2.22%	1.89%	2.02%	1.47%	1.64%	1.28%	0.88%	0.81%
Common Equity to Total Capital	-3.32%	16.85%	44.77%	54.02%	63.04%	73.93%	71.21%	79.47%	98.72%	99.12%	95.84%
Debt to EBITDA	2.05	1.70	0.93	1.01	0.99	0.78	0.82	0.50	0.00	0.00	0.30
Net Debt to EBITDA	1.83	1.08	0.36	0.44	0.76	0.46	0.59	0.15	0.00	0.00	-0.31
Long-Term Debt to EBITDA	1.88	1.51	0.93	1.01	0.99	0.78	0.80	0.49	0.00	0.00	0.30
Debt to NOPAT	3.41	3.13	2.12	4.47	1.53	1.26	1.24	0.72	0.00	0.00	1.10
Net Debt to NOPAT	3.04	1.99	0.82	1.93	1.16	0.74	0.88	0.22	0.00	0.00	-1.16
Long-Term Debt to NOPAT	3.12	2.78	2.12	4.47	1.53	1.26	1.20	0.71	0.00	0.00	1.10
Altman Z-Score	2.30	2.23	3.79	4.83	4.68	5.53	5.08	5.09	5.27	3.96	3.94
Noncontrolling Interest Sharing Ratio	43.26%	40.24%	13.31%	5.54%	3.38%	2.77%	2.28%	2.03%	1.62%	1.09%	0.86%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.35	1.79	2.05	1.69	1.77	1.58	2.14	1.40	1.46	1.63
Quick Ratio	0.53	0.85	1.09	1.32	0.73	0.68	0.68	0.97	0.63	0.36	0.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-32	28	18	-90	-35	52	-57	100	123	-10	26
Operating Cash Flow to CapEx	233.92%	594.36%	387.80%	567.30%	454.34%	233.06%	428.18%	299.42%	338.10%	73.25%	206.42%
Free Cash Flow to Firm to Interest Expense	-33.05	7.14	11.26	-16.65	-5.47	13.35	-22.51	34.76	41.54	-5.49	14.00
Operating Cash Flow to Interest Expense	13.16	9.17	23.00	10.86	12.61	24.21	51.92	57.34	62.37	30.16	30.01
Operating Cash Flow Less CapEx to Interest Expense	7.53	7.62	17.07	8.94	9.83	13.82	39.80	38.19	43.92	-11.01	15.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.60	1.20	1.26	1.69	1.67	1.41	1.52	1.52	1.56	1.00	1.10
Accounts Receivable Turnover	28.65	20.93	22.98	28.84	26.02	31.31	29.13	23.95	23.14	18.12	34.98
Inventory Turnover	10.11	9.12	9.35	11.06	9.24	7.16	7.28	6.61	6.32	4.31	4.61
Fixed Asset Turnover	17.65	15.44	13.45	15.30	12.83	8.16	8.16	8.00	7.39	3.69	3.36
Accounts Payable Turnover	20.62	14.71	14.33	20.32	22.75	27.22	22.32	20.03	24.47	22.90	30.45
Days Sales Outstanding (DSO)	12.74	17.44	15.88	12.66	14.03	11.66	12.53	15.24	15.77	20.15	10.44
Days Inventory Outstanding (DIO)	36.11	40.02	39.05	33.00	39.49	50.96	50.15	55.20	57.75	84.77	79.15
Days Payable Outstanding (DPO)	17.70	24.81	25.47	17.96	16.05	13.41	16.36	18.23	14.92	15.94	11.99
Cash Conversion Cycle (CCC)	31.15	32.65	29.45	27.69	37.48	49.22	46.33	52.22	58.61	88.98	77.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	70	65	73	187	297	311	483	549	537	508	498
Invested Capital Turnover	5.30	3.74	4.09	3.83	2.83	2.15	2.34	2.35	2.56	1.59	1.61
Increase / (Decrease) in Invested Capital	54	-5.05	7.62	114	110	14	172	66	-13	-29	-10
Enterprise Value (EV)	372	266	489	913	902	1,123	1,638	1,127	1,139	694	587
Market Capitalization	299	216	464	861	810	1,067	1,529	1,081	1,210	716	601
Book Value per Share	($0.18)	$0.86	$2.64	$6.54	$9.79	$12.40	$17.91	$24.54	$29.47	$25.93	$26.86
Tangible Book Value per Share	($1.97)	($0.49)	$1.39	$0.38	$0.32	$3.09	$1.78	$8.49	$13.86	$14.83	$15.40
Total Capital	79	91	106	248	324	344	524	633	616	535	538
Total Debt	77	71	53	108	114	83	143	120	0.00	0.00	18
Total Long-Term Debt	71	63	53	108	114	83	139	118	0.00	0.00	18
Net Debt	69	45	21	47	86	49	102	36	-79	-27	-19
Capital Expenditures (CapEx)	5.37	5.99	9.25	10	18	40	31	55	55	76	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4.21	-1.04	-1.92	6.91	25	21	41	77	15	37	48
Debt-free Net Working Capital (DFNWC)	13	25	31	69	52	54	83	161	94	64	85
Net Working Capital (NWC)	6.09	17	31	69	52	54	78	159	94	64	85
Net Nonoperating Expense (NNE)	-0.51	2.41	-5.89	-6.69	4.79	1.22	1.17	3.00	2.51	17	1.13
Net Nonoperating Obligations (NNO)	69	45	21	47	86	49	102	36	-79	-27	-22
Total Depreciation and Amortization (D&A)	4.96	5.77	6.99	13	16	18	23	26	29	33	39
Debt-free, Cash-free Net Working Capital to Revenue	1.84%	-0.41%	-0.68%	1.39%	3.64%	3.14%	4.44%	6.34%	1.08%	4.41%	5.98%
Debt-free Net Working Capital to Revenue	5.51%	9.84%	10.96%	13.79%	7.65%	8.31%	8.92%	13.23%	6.76%	7.66%	10.56%
Net Working Capital to Revenue	2.67%	6.67%	10.96%	13.79%	7.65%	8.31%	8.46%	13.10%	6.76%	7.66%	10.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.93	$1.01	$1.59	$1.37	$3.17	$2.98	$5.29	$7.60	$5.10	($2.74)	$0.76
Adjusted Weighted Average Basic Shares Outstanding	15.73M	17.93M	17.85M	20.18M	20.83M	20.66M	20.75M	20.75M	20.50M	20.44M	19.66M
Adjusted Diluted Earnings per Share	$0.93	$1.00	$1.58	$1.36	$3.15	$2.95	$5.23	$7.51	$5.06	($2.74)	$0.76
Adjusted Weighted Average Diluted Shares Outstanding	15.74M	17.99M	17.95M	20.28M	20.97M	20.85M	21.01M	20.99M	20.64M	20.44M	19.69M
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	17.88M	17.70M	20.29M	20.56M	20.85M	20.62M	20.85M	20.50M	20.60M	20.01M	19.25M
Normalized Net Operating Profit after Tax (NOPAT)	23	23	25	49	74	66	115	166	110	29	16
Normalized NOPAT Margin	9.92%	8.97%	8.93%	9.87%	10.89%	10.09%	12.46%	13.70%	7.95%	3.48%	2.03%
Pre Tax Income Margin	13.93%	12.69%	17.26%	17.99%	13.42%	12.82%	16.00%	17.28%	10.19%	-6.97%	2.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.38	9.26	32.22	17.60	15.20	22.54	59.62	74.03	48.77	-30.37	11.76
NOPAT to Interest Expense	23.77	5.85	16.15	4.51	11.52	16.94	45.65	57.89	37.28	-21.26	8.69
EBIT Less CapEx to Interest Expense	28.76	7.72	26.29	15.69	12.43	12.15	47.50	54.88	30.32	-71.54	-2.78
NOPAT Less CapEx to Interest Expense	18.15	4.30	10.22	2.59	8.75	6.55	33.52	38.74	18.83	-62.43	-5.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.66%	6.82%	4.94%	5.25%	2.56%	2.84%	1.54%	1.66%	3.15%	-1.58%	0.00%
Augmented Payout Ratio	905.39%	26.44%	4.94%	7.35%	2.56%	24.23%	1.54%	22.86%	10.44%	-53.52%	235.93%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	19,635,306.00	19,190,840.00	19,245,021.00	-	18,602,535.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	19,635,306.00	19,190,840.00	19,245,021.00	-	18,602,535.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.66	0.24	-0.04	-	-0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.35%	-37.69%	-45.77%	-57.37%	-32.93%	-5.11%	12.41%	30.45%	13.49%	-5.82%	3.08%
EBITDA Growth	-33.84%	-59.03%	-185.99%	-2.49%	-90.49%	-44.15%	140.88%	209.74%	183.03%	-50.11%	-66.97%
EBIT Growth	-40.86%	-69.64%	-206.42%	-6.94%	-119.56%	-78.36%	123.20%	129.45%	100.43%	-209.48%	-112.51%
NOPAT Growth	-42.32%	-71.48%	-197.34%	-7.65%	-118.33%	-72.16%	125.90%	128.16%	84.99%	-182.75%	-109.83%
Net Income Growth	-42.47%	-72.13%	-226.77%	-8.62%	-124.78%	-76.13%	119.44%	124.46%	86.21%	-203.72%	-118.51%
EPS Growth	-42.01%	-71.51%	-230.68%	-8.14%	-125.51%	-75.51%	120.12%	124.73%	84.00%	-208.33%	-119.70%
Operating Cash Flow Growth	-252.77%	235.30%	-58.88%	-78.71%	82.64%	-55.70%	-34.24%	28.78%	177.78%	-55.48%	38.26%
Free Cash Flow Firm Growth	-105.64%	102.94%	203.52%	471.12%	307.10%	7,686.13%	10.68%	23.64%	-78.69%	-89.10%	-429.76%
Invested Capital Growth	14.02%	1.54%	-14.26%	-5.41%	-19.22%	-17.38%	-4.91%	-1.97%	-5.02%	-2.84%	25.63%
Revenue Q/Q Growth	-31.28%	-17.49%	-3.63%	-21.98%	8.11%	16.73%	14.17%	-9.46%	-5.94%	-3.14%	24.96%
EBITDA Q/Q Growth	338.71%	-37.89%	-392.65%	76.38%	122.16%	264.60%	114.22%	-36.60%	-42.85%	-35.74%	41.84%
EBIT Q/Q Growth	225.45%	-48.59%	-608.72%	67.41%	77.05%	156.86%	445.49%	-58.63%	-99.67%	-14,629.17%	37.68%
NOPAT Q/Q Growth	235.15%	-50.42%	-593.61%	67.45%	76.98%	175.29%	359.13%	-64.61%	-112.26%	-315.20%	45.48%
Net Income Q/Q Growth	215.11%	-51.16%	-767.97%	71.08%	73.74%	147.04%	444.11%	-63.62%	-114.81%	-253.66%	2.91%
EPS Q/Q Growth	213.95%	-50.00%	-769.39%	71.65%	73.12%	148.00%	450.00%	-65.15%	-117.39%	-225.00%	0.00%
Operating Cash Flow Q/Q Growth	-163.08%	232.45%	-63.33%	-30.52%	-151.43%	438.10%	-45.57%	36.07%	-68.94%	93.53%	69.03%
Free Cash Flow Firm Q/Q Growth	-1,701.62%	102.40%	2,464.13%	-66.52%	905.37%	-9.80%	-63.55%	-62.59%	73.29%	-53.87%	-1,202.84%
Invested Capital Q/Q Growth	20.53%	-6.04%	-12.79%	-4.22%	2.94%	-3.91%	0.37%	-1.27%	-0.26%	-1.70%	29.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.20%	17.75%	19.83%	7.87%	16.44%	18.68%	20.00%	15.81%	14.34%	13.32%	17.51%
EBITDA Margin	14.33%	10.79%	-32.77%	-9.92%	2.03%	6.35%	11.92%	8.35%	5.07%	3.36%	3.82%
Operating Margin	11.19%	6.97%	-36.82%	-15.36%	-3.27%	1.59%	7.60%	3.30%	-0.43%	-1.85%	-0.81%
EBIT Margin	11.19%	6.97%	-36.81%	-15.38%	-3.26%	1.59%	7.60%	3.47%	0.01%	-1.85%	-0.92%
Profit (Net Income) Margin	8.12%	4.81%	-33.31%	-12.35%	-3.00%	1.21%	5.76%	2.32%	-0.36%	-1.33%	-1.03%
Tax Burden Percent	74.85%	72.20%	90.12%	80.32%	85.83%	93.12%	78.18%	70.37%	177.94%	65.89%	79.44%
Interest Burden Percent	96.91%	95.44%	100.40%	99.96%	107.07%	81.63%	96.98%	94.76%	-1,662.50%	109.29%	141.23%
Effective Tax Rate	25.15%	27.80%	0.00%	0.00%	0.00%	6.88%	21.82%	29.63%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	18.51%	10.13%	-46.80%	-17.07%	-2.92%	1.95%	8.72%	3.73%	-0.49%	-2.15%	-0.82%
ROIC Less NNEP Spread (ROIC-NNEP)	15.70%	254.61%	18.41%	-12.28%	-15.18%	5.22%	10.48%	3.78%	0.52%	-1.60%	-3.07%
Return on Net Nonoperating Assets (RNNOA)	0.63%	-0.08%	-0.72%	1.13%	-0.26%	-0.15%	-0.45%	-0.18%	-0.01%	0.04%	-0.29%
Return on Equity (ROE)	19.13%	10.05%	-47.52%	-15.94%	-3.18%	1.80%	8.27%	3.55%	-0.51%	-2.11%	-1.11%
Cash Return on Invested Capital (CROIC)	2.49%	9.76%	8.75%	-1.94%	10.47%	6.21%	3.75%	5.24%	9.11%	5.93%	-22.65%
Operating Return on Assets (OROA)	17.06%	9.73%	-45.70%	-15.31%	-2.89%	1.44%	7.41%	3.80%	0.01%	-2.08%	-0.86%
Return on Assets (ROA)	12.38%	6.71%	-41.35%	-12.29%	-2.66%	1.10%	5.62%	2.54%	-0.40%	-1.50%	-0.97%
Return on Common Equity (ROCE)	18.82%	9.88%	-46.95%	-15.76%	-3.14%	1.78%	8.20%	3.52%	-0.50%	-2.09%	-1.10%
Return on Equity Simple (ROE_SIMPLE)	14.95%	10.70%	-9.85%	0.00%	-15.91%	-17.67%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	21	11	-52	-17	-3.93	2.96	14	4.81	-0.59	-2.45	-1.33
NOPAT Margin	8.37%	5.03%	-25.78%	-10.75%	-2.29%	1.48%	5.94%	2.32%	-0.30%	-1.30%	-0.57%
Net Nonoperating Expense Percent (NNEP)	2.81%	-244.48%	-65.20%	-4.78%	12.27%	-3.27%	-1.77%	-0.05%	-1.01%	-0.55%	2.25%
Return On Investment Capital (ROIC_SIMPLE)	-	1.60%	-	-	-	0.55%	2.49%	0.89%	-0.11%	-0.47%	-0.19%
Cost of Revenue to Revenue	77.80%	82.25%	80.17%	92.13%	83.56%	81.32%	80.00%	84.19%	85.66%	86.68%	82.49%
SG&A Expenses to Revenue	8.09%	7.32%	9.15%	13.59%	15.88%	13.25%	8.68%	9.09%	10.66%	11.05%	13.48%
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	11.01%	10.78%	56.65%	23.23%	19.71%	17.10%	12.40%	12.52%	14.78%	15.17%	18.32%
Earnings before Interest and Taxes (EBIT)	29	15	-75	-24	-5.60	3.19	17	7.19	0.02	-3.49	-2.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	23	-67	-16	3.49	13	27	17	9.88	6.35	9.00
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.63	1.80	1.59	1.35	1.50	1.45	1.17	1.17	1.21	1.10	0.93
Price to Tangible Book Value (P/TBV)	3.38	3.71	2.69	2.36	2.66	2.58	2.07	2.04	2.10	1.95	3.83
Price to Revenue (P/Rev)	0.75	0.92	0.85	0.86	1.04	1.01	0.79	0.74	0.75	0.66	0.58
Price to Earnings (P/E)	11.24	17.31	0.00	0.00	0.00	0.00	0.00	40.42	32.48	37.67	0.00
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	8.90%	5.78%	0.00%	0.00%	0.00%	0.00%	0.00%	2.47%	3.08%	2.66%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.60	1.82	1.62	1.37	1.50	1.46	1.18	1.18	1.22	1.10	0.95
Enterprise Value to Revenue (EV/Rev)	0.77	0.91	0.82	0.84	1.05	1.00	0.79	0.73	0.73	0.66	0.73
Enterprise Value to EBITDA (EV/EBITDA)	6.72	9.10	0.00	0.00	0.00	0.00	21.53	9.66	9.05	8.86	14.14
Enterprise Value to EBIT (EV/EBIT)	8.32	12.17	0.00	0.00	0.00	0.00	0.00	26.50	21.88	25.52	387.20
Enterprise Value to NOPAT (EV/NOPAT)	10.96	16.24	0.00	0.00	0.00	0.00	0.00	35.85	30.10	35.76	1,467.49
Enterprise Value to Operating Cash Flow (EV/OCF)	9.92	7.39	7.39	12.49	8.18	12.26	11.52	10.38	8.51	9.67	9.76
Enterprise Value to Free Cash Flow (EV/FCFF)	68.54	18.79	17.06	0.00	12.77	21.29	30.76	22.25	13.09	18.35	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.06	0.03	0.00	0.05	0.04	0.05	0.03	0.04	0.04	0.32
Long-Term Debt to Equity	0.10	0.06	0.03	0.00	0.05	0.04	0.05	0.03	0.04	0.04	0.32
Financial Leverage	0.04	0.00	-0.04	-0.09	0.02	-0.03	-0.04	-0.05	-0.02	-0.02	0.09
Leverage Ratio	1.51	1.44	1.41	1.45	1.46	1.42	1.44	1.40	1.45	1.43	1.70
Compound Leverage Factor	1.46	1.38	1.41	1.45	1.57	1.16	1.40	1.32	-24.14	1.57	2.40
Debt to Total Capital	9.39%	5.27%	2.60%	0.00%	5.09%	4.28%	5.13%	3.35%	4.23%	3.85%	24.03%
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	9.39%	5.27%	2.60%	0.00%	5.09%	4.28%	5.13%	3.35%	4.23%	3.85%	24.03%
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	1.19%	1.29%	0.88%	0.88%	0.84%	0.86%	0.90%	0.81%	0.79%	0.81%	0.57%
Common Equity to Total Capital	89.42%	93.44%	96.52%	99.12%	94.07%	94.86%	93.97%	95.84%	94.98%	95.33%	75.40%
Debt to EBITDA	0.42	0.29	-0.66	0.00	-0.50	-0.35	1.01	0.30	0.34	0.33	3.88
Net Debt to EBITDA	0.13	-0.17	1.42	0.00	-0.01	0.18	-0.39	-0.31	-0.31	-0.14	2.70
Long-Term Debt to EBITDA	0.42	0.29	-0.66	0.00	-0.50	-0.35	1.01	0.30	0.34	0.33	3.88
Debt to NOPAT	0.69	0.51	-0.40	0.00	-0.44	-0.32	-4.23	1.10	1.14	1.33	402.93
Net Debt to NOPAT	0.21	-0.30	0.85	0.00	-0.01	0.17	1.62	-1.16	-1.05	-0.55	280.42
Long-Term Debt to NOPAT	0.69	0.51	-0.40	0.00	-0.44	-0.32	-4.23	1.10	1.14	1.33	402.93
Altman Z-Score	4.63	5.14	4.27	4.10	3.91	3.99	3.60	3.88	3.74	3.70	2.16
Noncontrolling Interest Sharing Ratio	1.64%	1.66%	1.20%	1.09%	1.12%	1.15%	0.93%	0.86%	0.85%	0.87%	0.85%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.95	1.82	1.67	1.46	1.55	1.52	1.60	1.63	1.63	1.56	1.31
Quick Ratio	0.72	0.60	0.61	0.36	0.44	0.38	0.55	0.45	0.52	0.31	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-58	1.39	36	12	120	109	40	15	26	12	-131
Operating Cash Flow to CapEx	-122.48%	509.94%	195.85%	139.04%	-97.40%	503.22%	232.37%	309.44%	154.67%	287.11%	373.40%
Free Cash Flow to Firm to Interest Expense	0.00	2.08	120.84	0.00	0.00	185.66	75.40	0.00	60.66	36.53	-145.69
Operating Cash Flow to Interest Expense	0.00	95.56	79.43	0.00	0.00	48.56	29.45	0.00	15.45	39.03	23.86
Operating Cash Flow Less CapEx to Interest Expense	0.00	76.82	38.88	0.00	0.00	38.91	16.78	0.00	5.46	25.44	17.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.52	1.40	1.24	1.00	0.89	0.91	0.98	1.10	1.10	1.13	0.94
Accounts Receivable Turnover	24.12	29.28	16.50	18.12	14.95	33.45	17.28	34.98	23.97	52.38	22.91
Inventory Turnover	5.66	5.35	4.74	4.31	3.90	4.07	4.20	4.61	4.71	4.71	3.97
Fixed Asset Turnover	6.46	5.67	4.64	3.69	3.08	3.01	3.11	3.36	3.48	3.48	3.43
Accounts Payable Turnover	22.40	26.63	17.81	22.90	18.00	21.65	15.61	30.45	19.38	27.38	13.34
Days Sales Outstanding (DSO)	15.13	12.46	22.13	20.15	24.41	10.91	21.12	10.44	15.23	6.97	15.93
Days Inventory Outstanding (DIO)	64.51	68.18	77.06	84.77	93.54	89.72	86.85	79.15	77.56	77.43	91.98
Days Payable Outstanding (DPO)	16.29	13.71	20.50	15.94	20.28	16.86	23.38	11.99	18.83	13.33	27.36
Cash Conversion Cycle (CCC)	63.35	66.94	78.68	88.98	97.67	83.78	84.59	77.60	73.95	71.07	80.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	647	608	530	508	523	502	504	498	496	488	633
Invested Capital Turnover	2.21	2.01	1.82	1.59	1.27	1.32	1.47	1.61	1.63	1.65	1.45
Increase / (Decrease) in Invested Capital	80	9.23	-88	-29	-124	-106	-26	-10	-26	-14	129
Enterprise Value (EV)	1,038	1,106	857	694	782	734	597	587	608	538	601
Market Capitalization	1,010	1,118	884	716	777	741	602	601	625	542	482
Book Value per Share	$30.06	$30.40	$27.27	$25.93	$25.87	$25.86	$26.13	$26.86	$26.83	$25.75	$27.83
Tangible Book Value per Share	$14.52	$14.77	$16.09	$14.83	$14.61	$14.55	$14.85	$15.40	$15.49	$14.48	$6.77
Total Capital	693	664	577	535	550	537	546	538	544	519	687
Total Debt	65	35	15	0.00	28	23	28	18	23	20	165
Total Long-Term Debt	65	35	15	0.00	28	23	28	18	23	20	165
Net Debt	20	-21	-32	-27	0.34	-12	-11	-19	-21	-8.21	115
Capital Expenditures (CapEx)	40	13	12	12	8.63	5.65	6.65	6.80	4.23	4.41	5.73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	99	58	56	37	51	36	51	48	52	49	23
Debt-free Net Working Capital (DFNWC)	144	114	103	64	79	71	90	85	96	77	73
Net Working Capital (NWC)	144	114	103	64	79	71	90	85	96	77	73
Net Nonoperating Expense (NNE)	0.65	0.48	15	2.53	1.22	0.54	0.40	0.01	0.12	0.06	1.10
Net Nonoperating Obligations (NNO)	20	-21	-32	-27	0.34	-12	-14	-22	-24	-11	112
Total Depreciation and Amortization (D&A)	8.04	8.06	8.23	8.66	9.09	9.54	9.88	10	9.85	9.83	11
Debt-free, Cash-free Net Working Capital to Revenue	7.35%	4.81%	5.36%	4.41%	6.87%	4.87%	6.70%	5.98%	6.23%	5.95%	2.82%
Debt-free Net Working Capital to Revenue	10.74%	9.39%	9.88%	7.66%	10.58%	9.66%	11.80%	10.56%	11.54%	9.40%	8.89%
Net Working Capital to Revenue	10.74%	9.39%	9.88%	7.66%	10.58%	9.66%	11.80%	10.56%	11.54%	9.40%	8.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	20.59M	20.38M	20.40M	20.44M	20.03M	19.74M	19.56M	19.66M	19.34M	19.12M	19.04M
Adjusted Diluted Earnings per Share	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12	$0.66	$0.23	($0.04)	($0.13)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	20.68M	20.45M	20.40M	20.44M	20.03M	19.80M	19.58M	19.69M	19.34M	19.12M	19.04M
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	20.40M	20.43M	20.44M	20.01M	19.72M	19.64M	19.19M	19.25M	19.23M	18.60M	19.64M
Normalized Net Operating Profit after Tax (NOPAT)	21	11	9.44	-17	-3.93	2.96	14	4.81	-0.59	-2.45	-1.33
Normalized NOPAT Margin	8.37%	5.03%	4.64%	-10.75%	-2.29%	1.48%	5.94%	2.32%	-0.30%	-1.30%	-0.57%
Pre Tax Income Margin	10.85%	6.66%	-36.96%	-15.37%	-3.50%	1.30%	7.37%	3.29%	-0.20%	-2.02%	-1.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	21.94	-253.00	0.00	0.00	5.44	33.09	0.00	0.06	-10.76	-2.43
NOPAT to Interest Expense	0.00	15.83	-177.13	0.00	0.00	5.06	25.86	0.00	-1.39	-7.55	-1.49
EBIT Less CapEx to Interest Expense	0.00	3.20	-293.56	0.00	0.00	-4.21	20.42	0.00	-9.93	-24.36	-8.81
NOPAT Less CapEx to Interest Expense	0.00	-2.91	-217.69	0.00	0.00	-4.59	13.19	0.00	-11.38	-21.15	-7.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.38%	3.84%	-3.39%	-1.58%	-0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	13.77%	33.61%	-39.36%	-53.52%	-36.77%	-33.05%	-435.71%	235.93%	129.51%	248.25%	-4,568.82%

Financials Breakdown Chart

Key Financial Trends

Malibu Boats’ latest quarter shows a meaningful improvement in profitability from the prior quarter, but the company is still operating below the levels it posted a year ago. In Q3 2026, revenue rose to $235.7 million, up from $188.6 million in Q2 2026, and the company swung to a smaller net loss of $2.4 million from a $2.5 million loss last quarter. That said, the quarterly comparison still shows a softer year-over-year backdrop, with revenue down from $255.8 million in Q1 2025 and below the stronger periods seen in prior years.

Margins improved sequentially, but expenses remain heavy. Gross profit in Q3 2026 was $41.3 million, and operating loss narrowed to $1.9 million from a $3.5 million loss in Q2 2026. The operating turnaround was helped by better revenue and more efficient cost absorption, though SG&A and marketing costs remain substantial. On a year-over-year basis, profitability is still far weaker than the company’s better periods in 2023 and early 2024, when Malibu Boats posted much stronger operating income.

Cash flow remains a strength. Malibu generated $21.4 million of operating cash flow in Q3 2026, even while reporting a net loss. For the first nine months of fiscal 2026, operating cash generation has stayed positive, supported by non-cash depreciation and amortization. This is important for investors because it shows the business can still produce cash even in a softer earnings environment.

The balance sheet is more leveraged than it was a year ago, but liquidity improved. Cash and equivalents rose to $50.2 million in Q3 2026 from $28.2 million in Q2 2026, while long-term debt increased to $165.0 million from $20.0 million. Total liabilities also climbed to $485.2 million from $216.4 million sequentially, driven by higher debt and working-capital obligations. Even so, total equity remained above $517 million, giving the company a solid equity cushion.

Revenue rebounded sharply quarter over quarter, rising to $235.7 million from $188.6 million in Q2 2026.
Operating cash flow was strong at $21.4 million in Q3 2026, supporting the business despite a net loss.
Operating loss narrowed to $1.9 million from a $3.5 million loss in the prior quarter.
Net loss improved modestly to $2.4 million from $2.5 million sequentially.
Cash and equivalents increased to $50.2 million, improving short-term liquidity.
Gross profit rose to $41.3 million, but margins still depend on maintaining higher sales volumes.
Share count was relatively stable at about 19.0 million weighted average shares in Q3 2026.
Revenue remains below stronger prior-year levels, showing the business has not fully recovered to earlier peaks.
Debt jumped materially to $165.0 million from $20.0 million sequentially.
Liabilities increased sharply, reflecting heavier leverage and balance sheet obligations.

Looking at the multi-year trend, Malibu Boats has moved from very strong profitability in 2023 to a more volatile, lower-margin profile in 2024 and 2025, and now into early 2026. The company has shown it can generate cash, but earnings have been pressured by soft demand, higher operating costs, and occasional inventory or working-capital swings. Investors will likely want to watch whether the Q3 2026 revenue bounce is the start of a more durable recovery or just a short-term improvement.

07/18/26 01:58 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' financial year ends in June. Their financial year 2025 ended on June 30, 2025.

Malibu Boats' net income appears to be on an upward trend, with a most recent value of $15.24 million in 2025, falling from $23.18 million in 2015. The previous period was -$56.44 million in 2024. View Malibu Boats' forecast to see where analysts expect Malibu Boats to go next.

Malibu Boats' total operating income in 2025 was $21.76 million, based on the following breakdown:

Total Gross Profit: $144.09 million
Total Operating Expenses: $122.33 million

Over the last 10 years, Malibu Boats' total revenue changed from $228.62 million in 2015 to $807.56 million in 2025, a change of 253.2%.

Malibu Boats' total liabilities were at $214.75 million at the end of 2025, a 4.8% increase from 2024, and a 7.9% increase since 2015.

In the past 10 years, Malibu Boats' cash and equivalents has ranged from $8.39 million in 2015 to $83.74 million in 2022, and is currently $37.00 million as of their latest financial filing in 2025.

Over the last 10 years, Malibu Boats' book value per share changed from -0.18 in 2015 to 26.86 in 2025, a change of -15,404.7%.

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Financial statements for NASDAQ:MBUU last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Malibu Boats (MBUU) Financials

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