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OneWater Marine (ONEW) Financials

OneWater Marine logo
$10.83 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$10.86 +0.03 (+0.24%)
As of 07/2/2026 06:08 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for OneWater Marine

Annual Income Statements for OneWater Marine

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -2.92 17 79 131 -39 -5.71 -115
Consolidated Net Income / (Loss)		 37 49 116 153 -39 -6.18 -116
Net Income / (Loss) Continuing Operations		 -1.31 49 116 153 -39 -6.18 -116
Total Pre-Tax Income 		0.00 55 142 196 -43 -6.33 -152
Total Operating Income		 0.00 78 149 218 18 65 -85
Total Gross Profit		 0.00 236 357 554 535 435 427
Total Revenue		 0.00 1,023 1,228 1,745 1,936 1,773 1,872
Operating Revenue		 0.00 1,023 1,228 1,745 1,936 1,773 1,872
Total Cost of Revenue		 0.00 787 871 1,191 1,401 1,338 1,445
Operating Cost of Revenue		 0.00 787 871 1,191 1,401 1,338 1,445
Total Operating Expenses		 3.98 157 209 336 517 370 512
Selling, General & Admin Expense		 0.00 144 199 302 346 333 343
Depreciation Expense		 2.68 3.25 5.41 16 24 19 22
Other Operating Expenses / (Income)		 - 10 4.12 18 0.24 5.78 -0.59
Restructuring Charge		 1.30 - - 0.00 147 12 148
Total Other Income / (Expense), net		 2.67 -23 -6.66 -22 -61 -71 -66
Interest Expense		 0.00 24 6.91 18 60 71 65
Other Income / (Expense), net		 0.00 0.80 0.25 -3.79 -0.95 -0.01 -1.43
Income Tax Expense		 0.00 6.33 26 43 -3.41 -0.16 -35
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.61 0.35 37 3.00 3.81 0.12 0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - 31 - 19 -4.33 -0.59 -1.65
Basic Earnings per Share		 $0.00 $2.79 $7.13 $9.44 ($2.69) ($0.39) ($7.22)
Weighted Average Basic Shares Outstanding		 0.00 6.24M 11.09M 13.88M 14.33M 14.59M 15.87M
Diluted Earnings per Share		 $0.00 $2.77 $6.96 $9.13 ($2.69) ($0.39) ($7.22)
Weighted Average Diluted Shares Outstanding		 0.00 6.29M 11.36M 14.34M 14.33M 14.59M 15.87M
Weighted Average Basic & Diluted Shares Outstanding		 - 14.98M 15.28M 15.72M 15.97M 16.26M 16.53M

Quarterly Income Statements for OneWater Marine

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 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		 -99 -7.17 -3.97 15 -9.25 -12 -0.37 11 -113 -7.71 -13
Consolidated Net Income / (Loss)		 -111 -7.97 -4.51 17 -10 -14 -0.38 11 -113 -7.71 -13
Net Income / (Loss) Continuing Operations		 -111 -7.97 -4.51 17 -10 -14 -0.38 11 -113 -7.71 -13
Total Pre-Tax Income 		-136 -10 -6.36 23 -13 -19 -0.52 14 -146 -21 -7.38
Total Operating Income		 -117 6.47 14 40 4.49 -1.97 16 30 -130 -5.17 7.64
Total Gross Profit		 119 91 120 133 91 84 110 129 104 89 106
Total Revenue		 451 364 488 542 378 376 484 553 460 381 442
Operating Revenue		 451 364 488 542 378 376 484 553 460 381 442
Total Cost of Revenue		 332 273 368 410 287 292 373 424 356 291 337
Operating Cost of Revenue		 332 273 368 410 287 292 373 424 356 291 337
Total Operating Expenses		 236 85 107 93 86 86 94 98 234 95 98
Selling, General & Admin Expense		 85 80 87 87 80 79 88 92 84 81 86
Depreciation Expense		 6.59 4.22 4.87 5.09 5.22 5.32 5.52 5.59 5.21 4.41 4.17
Other Operating Expenses / (Income)		 -2.20 1.15 3.28 0.46 0.89 0.80 0.44 0.32 -2.15 1.38 1.46
Restructuring Charge		 - 0.00 12 0.00 - 0.85 0.39 0.23 147 7.43 6.59
Total Other Income / (Expense), net		 -18 -17 -20 -17 -17 -17 -17 -16 -16 -16 -15
Interest Expense		 17 17 18 18 18 16 17 16 16 16 14
Other Income / (Expense), net		 -1.42 0.25 -2.49 1.36 0.88 -0.89 -0.19 0.22 -0.58 -0.13 -1.06
Income Tax Expense		 -25 -2.28 -1.85 6.34 -2.38 -5.26 -0.15 3.51 -33 -13 5.53
Net Income / (Loss) Attributable to Noncontrolling Interest		 -2.73 0.12 0.00 0.00 0.54 -1.64 -0.01 0.00 - 0.00 0.00
Basic Earnings per Share		 ($6.90) ($0.49) ($0.27) $1.01 ($0.64) ($0.81) ($0.02) $0.66 ($7.05) ($0.47) ($0.78)
Weighted Average Basic Shares Outstanding		 14.33M 14.54M 14.58M 14.59M 14.59M 14.83M 15.97M 16.31M 15.87M 16.53M 16.61M
Diluted Earnings per Share		 ($6.81) ($0.49) ($0.27) $0.99 ($0.62) ($0.81) ($0.02) $0.65 ($7.04) ($0.47) ($0.78)
Weighted Average Diluted Shares Outstanding		 14.33M 14.54M 14.58M 14.89M 14.59M 14.83M 15.97M 16.44M 15.87M 16.53M 16.61M
Weighted Average Basic & Diluted Shares Outstanding		 15.97M 16.00M 16.02M 16.06M 16.26M 16.31M 16.31M 16.37M 16.53M 16.61M 16.62M

Annual Cash Flow Statements for OneWater Marine

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

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 6.09 -4.27 57 5.80 -13 32 -66 37
Net Cash From Operating Activities		 -4.25 -5.73 212 159 7.45 -130 35 92
Net Cash From Continuing Operating Activities		 -4.25 -5.73 212 159 7.45 -130 35 92
Net Income / (Loss) Continuing Operations		 1.95 37 49 116 153 -39 -6.18 -116
Consolidated Net Income / (Loss)		 1.95 37 49 116 153 -39 -6.18 -116
Depreciation Expense		 1.69 2.68 3.25 5.41 16 27 22 24
Non-Cash Adjustments To Reconcile Net Income		 36 1.99 26 33 29 151 25 120
Changes in Operating Assets and Liabilities, net		 -43 -48 134 4.37 -191 -269 -6.29 63
Net Cash From Investing Activities		 -24 -11 -4.67 -117 -477 -52 13 -12
Net Cash From Continuing Investing Activities		 -24 -11 -4.67 -117 -477 -52 13 -12
Purchase of Property, Plant & Equipment		 -10 -7.29 -6.31 -9.90 -11 -21 -26 -12
Acquisitions		 -14 -19 0.00 -107 -464 -32 -6.62 -0.00
Sale of Property, Plant & Equipment		 0.00 0.07 1.64 0.23 0.35 0.57 0.76 0.42
Divestitures		 - - - 0.00 0.00 0.79 45 0.00
Net Cash From Financing Activities		 34 12 -151 -36 456 214 -114 -43
Net Cash From Continuing Financing Activities		 34 12 -151 -36 456 214 -114 -43
Repayment of Debt		 -4.86 -10 -231 -9.58 56 201 -126 -67
Repurchase of Common Equity		 0.00 -1.15 -5.65 0.00 -0.35 -1.58 0.00 0.00
Payment of Dividends		 -3.26 -14 -109 -32 -9.48 -3.60 -24 -0.28
Issuance of Debt		 42 38 129 6.50 412 30 43 28
Issuance of Common Equity		 0.00 0.00 67 0.00 0.00 2.09 1.52 1.19
Other Financing Activities, net		 0.00 0.00 -1.46 -1.34 -2.00 -15 -8.53 -4.27
Effect of Exchange Rate Changes		 - - 0.00 0.00 -0.01 0.01 -0.02 -0.05
Cash Interest Paid		 6.93 12 17 6.25 15 50 76 61
Cash Income Taxes Paid		 0.00 0.00 0.25 29 35 23 5.50 -5.94

Quarterly Cash Flow Statements for OneWater Marine

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 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		 40 -39 4.03 -6.26 -25 9.22 39 6.35 -17 -22 34
Net Cash From Operating Activities		 4.44 -110 24 94 27 -37 28 91 9.93 -76 52
Net Cash From Continuing Operating Activities		 4.44 -110 24 94 27 -37 28 91 9.93 -76 52
Net Income / (Loss) Continuing Operations		 -111 -7.97 -4.51 17 -10 -14 -0.38 11 -113 -7.71 -13
Consolidated Net Income / (Loss)		 -111 -7.97 -4.51 17 -10 -14 -0.38 11 -113 -7.71 -13
Depreciation Expense		 7.66 4.91 5.57 5.79 5.93 6.04 6.17 6.30 5.93 4.99 4.45
Non-Cash Adjustments To Reconcile Net Income		 144 2.86 0.54 -0.36 22 -6.98 -4.52 -12 144 7.55 23
Changes in Operating Assets and Liabilities, net		 -36 -110 22 72 9.72 -23 27 86 -27 -81 38
Net Cash From Investing Activities		 -4.85 40 -10 -12 -4.26 -2.78 -3.84 -2.12 -2.86 -2.07 46
Net Cash From Continuing Investing Activities		 -4.85 40 -10 -12 -4.26 -2.78 -3.84 -2.12 -2.86 -2.07 46
Purchase of Property, Plant & Equipment		 -4.25 -4.92 -9.90 -6.92 -4.17 -2.60 -4.76 -1.94 -2.72 -1.94 -2.26
Acquisitions		 -1.63 -0.43 -0.19 -5.85 -0.15 -0.36 0.08 0.47 -0.18 -0.15 -0.16
Sale of Property, Plant & Equipment		 0.24 0.06 0.06 0.58 0.06 0.19 0.12 0.06 0.04 0.01 0.03
Net Cash From Financing Activities		 41 31 -9.65 -88 -48 49 14 -82 -24 56 -65
Net Cash From Continuing Financing Activities		 41 31 -9.65 -88 -48 49 14 -82 -24 56 -65
Repayment of Debt		 219 -39 -21 -10 -56 -4.37 -14 -9.81 -39 -17 -58
Issuance of Debt		 -175 94 17 -77 9.28 56 30 -72 14 75 -7.21
Other Financing Activities, net		 -1.15 -1.55 -6.22 - -0.76 -1.82 -2.42 - -0.02 -1.65 -0.03
Effect of Exchange Rate Changes		 -0.01 -0.01 0.00 0.01 -0.02 0.02 -0.02 -0.05 -0.00 0.00 0.02
Cash Interest Paid		 16 16 17 17 26 15 16 15 15 15 13
Cash Income Taxes Paid		 1.37 0.46 5.40 -0.02 -0.33 -0.33 0.23 -5.74 -0.09 0.03 0.37

Annual Balance Sheets for OneWater Marine

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

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Total Assets		 505 458 721 1,497 1,689 1,590 1,404
Total Current Assets		 314 252 281 567 882 777 719
Cash & Equivalents		 11 - 63 42 85 17 52
Restricted Cash		 0.38 2.07 11 19 8.66 10 13
Accounts Receivable		 15 18 29 58 113 73 61
Inventories, net		 277 150 144 373 610 591 540
Prepaid Expenses		 9.97 15 35 75 66 86 54
Plant, Property, & Equipment, net		 16 18 67 110 82 93 92
Total Noncurrent Assets		 175 188 373 821 726 719 593
Noncurrent Note & Lease Receivables		 - - - - - - 0.00
Goodwill		 113 113 168 379 337 337 259
Intangible Assets		 61 61 85 306 212 205 130
Noncurrent Deferred & Refundable Income Taxes		 0.00 13 29 8.43 35 37 73
Other Noncurrent Operating Assets		 0.35 0.35 90 127 142 140 131
Total Liabilities & Shareholders' Equity		 505 458 721 1,497 1,689 1,590 1,404
Total Liabilities		 381 285 466 1,053 1,275 1,199 1,119
Total Current Liabilities		 263 186 228 452 669 608 631
Short-Term Debt		 11 7.42 11 289 518 451 498
Accounts Payable		 22 37 46 83 82 74 85
Customer Deposits		 4.88 17 47 65 52 64 29
Current Deferred & Payable Income Tax Liabilities		 - - - 2.36 2.45 2.58 2.64
Other Current Liabilities		 225 124 124 13 15 16 17
Total Noncurrent Liabilities		 117 83 238 600 606 592 488
Long-Term Debt		 65 82 103 421 428 415 334
Capital Lease Obligations		 - - - - - - 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 40 44 41 38 35
Other Noncurrent Operating Liabilities		 52 1.48 95 135 137 139 119
Commitments & Contingencies		 - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 38 173 255 445 414 391 285
Total Preferred & Common Equity		 32 123 226 385 359 361 285
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 32 123 226 385 359 361 285
Common Stock		 32 106 151 180 193 203 241
Retained Earnings		 0.00 17 75 205 165 160 45
Accumulated Other Comprehensive Income / (Loss)		 - - 0.00 -0.01 0.00 -1.90 -0.64

Quarterly Balance Sheets for OneWater Marine

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

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Total Assets		 1,693 1,713 1,636 1,612 1,644 1,540 1,442 1,376
Total Current Assets		 887 911 822 797 834 740 782 733
Cash & Equivalents		 45 47 41 23 67 70 32 68
Restricted Cash		 9.58 11 11 14 8.09 12 10 8.16
Accounts Receivable		 48 110 104 57 92 79 40 61
Inventories, net		 707 687 599 637 602 517 602 551
Prepaid Expenses		 78 55 68 67 64 61 46 44
Plant, Property, & Equipment, net		 83 89 93 91 92 92 59 58
Total Noncurrent Assets		 723 712 721 723 718 708 601 585
Noncurrent Note & Lease Receivables		 - - - - - - 1.05 1.02
Goodwill		 337 337 337 337 337 337 259 259
Intangible Assets		 211 209 207 204 202 200 129 123
Noncurrent Deferred & Refundable Income Taxes		 33 32 33 41 41 38 86 80
Other Noncurrent Operating Assets		 142 134 144 141 138 134 126 123
Total Liabilities & Shareholders' Equity		 1,693 1,713 1,636 1,612 1,644 1,540 1,442 1,376
Total Liabilities		 1,309 1,330 1,236 1,228 1,262 1,147 1,165 1,106
Total Current Liabilities		 699 750 639 645 697 603 690 632
Short-Term Debt		 569 588 495 506 536 474 565 497
Accounts Payable		 62 98 82 67 92 77 76 78
Customer Deposits		 51 47 43 53 50 34 26 38
Current Deferred & Payable Income Tax Liabilities		 2.45 2.45 2.45 2.58 2.58 2.58 2.64 2.64
Other Current Liabilities		 15 15 16 16 16 16 17 17
Total Noncurrent Liabilities		 610 580 597 583 565 544 474 474
Long-Term Debt		 434 411 418 413 400 381 326 330
Capital Lease Obligations		 - - - - - - 0.90 0.88
Noncurrent Deferred & Payable Income Tax Liabilities		 41 41 41 38 38 38 35 35
Other Noncurrent Operating Liabilities		 135 129 138 132 127 124 113 108
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 384 382 400 384 382 393 277 269
Total Preferred & Common Equity		 353 352 369 355 382 393 277 269
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 353 352 369 355 382 393 277 269
Common Stock		 195 197 200 203 233 236 241 244
Retained Earnings		 158 154 169 148 147 158 37 24
Accumulated Other Comprehensive Income / (Loss)		 -0.01 -0.00 0.00 3.69 1.19 -0.37 -0.98 0.61

Annual Metrics And Ratios for OneWater Marine

This table displays calculated financial ratios and metrics derived from OneWater Marine's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
DEI Shares Outstanding		 0.00 14,550,298.00 15,039,024.00 15,563,070.00 15,787,103.00 - 16,370,425.00
DEI Adjusted Shares Outstanding		 0.00 14,550,298.00 15,039,024.00 15,563,070.00 15,787,103.00 - 16,370,425.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 1.20 5.26 8.41 -2.44 - -7.00
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 0.00% 20.06% 42.06% 10.97% -8.45% 5.62%
EBITDA Growth		 0.00% 2,969.87% 87.69% 49.05% -80.94% 98.14% -171.78%
EBIT Growth		 0.00% 0.00% 88.56% 43.53% -92.00% 278.66% -234.06%
NOPAT Growth		 0.00% 0.00% 75.97% 39.29% -92.55% 258.76% -231.83%
Net Income Growth		 0.00% 30.18% 139.99% 31.09% -125.63% 84.21% -1,781.96%
EPS Growth		 0.00% 0.00% 151.26% 31.18% -129.46% 85.50% -1,751.28%
Operating Cash Flow Growth		 -34.71% 3,811.39% -24.97% -95.33% -1,842.45% 126.85% 163.36%
Free Cash Flow Firm Growth		 0.00% 0.00% 654.18% -711.97% 74.38% 151.73% 41.49%
Invested Capital Growth		 0.00% 46.60% 6.92% 270.39% 15.88% -2.99% -14.45%
Revenue Q/Q Growth		 0.00% 0.00% 0.76% 7.20% 2.84% -3.96% 4.60%
EBITDA Q/Q Growth		 0.00% 0.00% 9.55% 4.99% -77.70% 345.02% -184.80%
EBIT Q/Q Growth		 0.00% 0.00% 9.35% 3.41% -90.06% 209.06% -276.61%
NOPAT Q/Q Growth		 0.00% 0.00% 8.98% 4.14% -90.62% 213.49% -273.78%
Net Income Q/Q Growth		 0.00% 0.00% 16.53% -0.13% -141.59% 94.21% -749.45%
EPS Q/Q Growth		 0.00% 0.00% 19.79% -1.08% -149.81% 94.07% -802.50%
Operating Cash Flow Q/Q Growth		 0.00% 25.06% -25.18% -89.10% 31.30% 191.69% -15.94%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -33.65% 56.61% 19.40% -8.65%
Invested Capital Q/Q Growth		 0.00% 0.00% 27.59% 26.47% -7.54% -2.50% -9.83%
Profitability Metrics		 - - - - - - -
Gross Margin		 0.00% 23.02% 29.10% 31.73% 27.64% 24.54% 22.81%
EBITDA Margin		 0.00% 8.05% 12.58% 13.20% 2.27% 4.91% -3.33%
Operating Margin		 0.00% 7.65% 12.12% 12.48% 0.93% 3.66% -4.56%
EBIT Margin		 0.00% 7.73% 12.14% 12.27% 0.88% 3.66% -4.64%
Profit (Net Income) Margin		 0.00% 4.74% 9.48% 8.75% -2.02% -0.35% -6.21%
Tax Burden Percent		 0.00% 88.46% 81.86% 77.93% 91.98% 97.52% 76.70%
Interest Burden Percent		 0.00% 69.34% 95.37% 91.50% -248.47% -9.77% 174.42%
Effective Tax Rate		 0.00% 11.54% 18.14% 22.07% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 29.81% 42.65% 24.44% 1.07% 3.63% -5.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 5.02% 35.04% 19.47% -5.82% -2.46% -12.27%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 2.82% 11.74% 19.18% -10.18% -5.17% -29.16%
Return on Equity (ROE)		 30.05% 32.64% 54.38% 43.62% -9.11% -1.53% -34.40%
Cash Return on Invested Capital (CROIC)		 0.00% -7.98% 35.95% -90.52% -13.64% 6.67% 10.33%
Operating Return on Assets (OROA)		 0.00% 16.43% 25.30% 19.30% 1.07% 3.95% -5.80%
Return on Assets (ROA)		 0.00% 10.08% 19.75% 13.76% -2.45% -0.38% -7.76%
Return on Common Equity (ROCE)		 7.70% 16.97% 44.31% 38.11% -7.89% -1.37% -32.88%
Return on Equity Simple (ROE_SIMPLE)		 117.29% 39.48% 51.53% 39.61% 0.00% -1.71% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.00 69 122 170 13 45 -60
NOPAT Margin		 0.00% 6.77% 9.92% 9.73% 0.65% 2.56% -3.19%
Net Nonoperating Expense Percent (NNEP)		 -57.84% 24.80% 7.61% 4.97% 6.89% 6.09% 7.03%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 14.70% 0.93% 3.61% -5.36%
Cost of Revenue to Revenue		 0.00% 76.98% 70.90% 68.27% 72.36% 75.46% 77.19%
SG&A Expenses to Revenue		 0.00% 14.04% 16.21% 17.31% 17.84% 18.77% 18.33%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 15.37% 16.98% 19.25% 26.70% 20.89% 27.37%
Earnings before Interest and Taxes (EBIT)		 0.00 79 149 214 17 65 -87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.68 82 155 230 44 87 -62
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 1.74 2.32 2.68 1.22 1.13 1.06 0.91
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.28 0.49 0.27 0.21 0.22 0.14
Price to Earnings (P/E)		 0.00 16.39 7.65 3.58 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 4.48% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 6.10% 13.07% 27.94% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.13 1.53 2.28 1.08 1.04 1.02 0.98
Enterprise Value to Revenue (EV/Rev)		 0.00 0.41 0.55 0.67 0.68 0.71 0.55
Enterprise Value to EBITDA (EV/EBITDA)		 79.05 5.14 4.36 5.11 29.92 14.40 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 5.35 4.52 5.50 76.74 19.33 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 6.11 5.53 6.93 103.85 27.61 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 1.99 4.23 158.07 0.00 35.96 11.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 6.56 0.00 0.00 15.04 8.71
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.61 0.52 0.45 1.60 2.29 2.22 2.92
Long-Term Debt to Equity		 0.52 0.47 0.40 0.95 1.03 1.06 1.17
Financial Leverage		 0.52 0.56 0.34 0.99 1.75 2.10 2.38
Leverage Ratio		 4.07 3.24 2.75 3.17 3.71 4.07 4.43
Compound Leverage Factor		 0.00 2.25 2.63 2.90 -9.22 -0.40 7.73
Debt to Total Capital		 37.98% 34.03% 30.99% 61.48% 69.57% 68.91% 74.48%
Short-Term Debt to Total Capital		 5.56% 2.82% 3.08% 25.00% 38.09% 35.90% 44.56%
Long-Term Debt to Total Capital		 32.41% 31.21% 27.91% 36.47% 31.48% 33.01% 29.93%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 46.13% 19.20% 7.83% 5.16% 4.08% 2.38% 0.00%
Common Equity to Total Capital		 15.89% 46.77% 61.18% 33.37% 26.35% 28.71% 25.52%
Debt to EBITDA		 28.30 1.09 0.74 3.08 21.57 9.96 -13.32
Net Debt to EBITDA		 24.02 1.06 0.26 2.82 19.44 9.64 -12.28
Long-Term Debt to EBITDA		 24.16 1.00 0.67 1.83 9.76 4.77 -5.35
Debt to NOPAT		 0.00 1.29 0.94 4.18 74.86 19.09 -13.91
Net Debt to NOPAT		 0.00 1.26 0.33 3.82 67.49 18.49 -12.82
Long-Term Debt to NOPAT		 0.00 1.18 0.85 2.48 33.88 9.15 -5.59
Altman Z-Score		 0.21 3.63 3.40 2.19 1.66 1.71 1.39
Noncontrolling Interest Sharing Ratio		 74.38% 47.99% 18.53% 12.64% 13.39% 10.61% 4.43%
Liquidity Ratios		 - - - - - - -
Current Ratio		 1.19 1.36 1.23 1.25 1.32 1.28 1.14
Quick Ratio		 0.10 0.10 0.40 0.22 0.30 0.15 0.18
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -19 103 -629 -161 83 118
Operating Cash Flow to CapEx		 -79.32% 4,547.88% 1,649.83% 67.34% -627.34% 138.46% 790.77%
Free Cash Flow to Firm to Interest Expense		 0.00 -0.76 14.87 -34.54 -2.70 1.17 1.82
Operating Cash Flow to Interest Expense		 0.00 8.76 23.07 0.41 -2.18 0.49 1.42
Operating Cash Flow Less CapEx to Interest Expense		 0.00 8.57 21.67 -0.20 -2.52 0.14 1.24
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 2.12 2.08 1.57 1.22 1.08 1.25
Accounts Receivable Turnover		 0.00 60.58 52.26 40.35 22.63 19.02 27.91
Inventory Turnover		 0.00 3.68 5.92 4.61 2.85 2.23 2.56
Fixed Asset Turnover		 0.00 59.48 28.71 19.73 20.25 20.29 20.26
Accounts Payable Turnover		 0.00 26.64 21.04 18.57 17.04 17.13 18.13
Days Sales Outstanding (DSO)		 0.00 6.03 6.99 9.05 16.13 19.20 13.08
Days Inventory Outstanding (DIO)		 0.00 99.07 61.62 79.19 127.98 163.79 142.77
Days Payable Outstanding (DPO)		 0.00 13.70 17.35 19.66 21.42 21.31 20.13
Cash Conversion Cycle (CCC)		 0.00 91.39 51.26 68.57 122.68 161.68 135.71
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 188 276 295 1,094 1,268 1,230 1,052
Invested Capital Turnover		 0.00 4.40 4.30 2.51 1.64 1.42 1.64
Increase / (Decrease) in Invested Capital		 0.00 88 19 799 174 -38 -178
Enterprise Value (EV)		 212 423 674 1,177 1,313 1,253 1,026
Market Capitalization		 55 286 605 469 404 384 259
Book Value per Share		 $6.88 $8.44 $15.02 $24.76 $22.72 $22.47 $17.41
Tangible Book Value per Share		 ($30.90) ($3.54) ($1.85) ($19.26) ($12.06) ($11.28) ($6.37)
Total Capital		 200 263 369 1,155 1,361 1,257 1,117
Total Debt		 76 89 114 710 947 866 832
Total Long-Term Debt		 65 82 103 421 428 415 334
Net Debt		 64 87 40 649 853 839 767
Capital Expenditures (CapEx)		 7.22 4.67 9.66 11 21 25 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 50 72 -9.28 343 638 594 521
Debt-free Net Working Capital (DFNWC)		 62 74 65 404 731 621 585
Net Working Capital (NWC)		 51 66 53 115 213 170 88
Net Nonoperating Expense (NNE)		 -37 21 5.45 17 52 52 56
Net Nonoperating Obligations (NNO)		 64 103 40 649 853 839 767
Total Depreciation and Amortization (D&A)		 2.68 3.25 5.41 16 27 22 24
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 7.01% -0.76% 19.64% 32.95% 33.49% 27.81%
Debt-free Net Working Capital to Revenue		 0.00% 7.21% 5.27% 23.13% 37.77% 35.03% 31.27%
Net Working Capital to Revenue		 0.00% 6.48% 4.34% 6.58% 11.00% 9.57% 4.70%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $2.79 $7.13 $9.44 ($2.69) ($0.39) ($7.22)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 6.24M 11.09M 13.88M 14.33M 14.59M 15.87M
Adjusted Diluted Earnings per Share		 $0.00 $2.77 $6.96 $9.13 ($2.69) ($0.39) ($7.22)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 6.29M 11.36M 14.34M 14.33M 14.59M 15.87M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 14.98M 15.28M 15.72M 15.97M 16.26M 16.53M
Normalized Net Operating Profit after Tax (NOPAT)		 0.91 69 122 170 116 54 44
Normalized NOPAT Margin		 0.00% 6.77% 9.92% 9.73% 5.98% 3.05% 2.34%
Pre Tax Income Margin		 0.00% 5.36% 11.58% 11.22% -2.20% -0.36% -8.09%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 3.26 21.58 11.76 0.29 0.91 -1.34
NOPAT to Interest Expense		 0.00 2.86 17.64 9.33 0.21 0.64 -0.93
EBIT Less CapEx to Interest Expense		 0.00 3.07 20.18 11.15 -0.06 0.56 -1.52
NOPAT Less CapEx to Interest Expense		 0.00 2.66 16.24 8.72 -0.13 0.28 -1.10
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 38.78% 225.53% 27.56% 6.21% -9.21% -392.73% -0.24%
Augmented Payout Ratio		 41.86% 237.17% 27.56% 6.45% -13.25% -392.73% -0.24%

Quarterly Metrics And Ratios for OneWater Marine

This table displays calculated financial ratios and metrics derived from OneWater Marine's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 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		 15,787,103.00 15,787,103.00 15,999,876.00 16,023,258.00 - - 16,313,115.00 16,313,115.00 16,370,425.00 - 16,613,444.00
DEI Adjusted Shares Outstanding		 15,787,103.00 15,787,103.00 15,999,876.00 16,023,258.00 - - 16,313,115.00 16,313,115.00 16,370,425.00 - 16,613,444.00
DEI Earnings Per Adjusted Shares Outstanding		 -6.26 -0.45 -0.25 0.92 - - -0.02 0.66 -6.90 - -0.78
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.45% -0.72% -6.87% -8.73% -16.21% 3.24% -0.98% 1.92% 21.78% 1.26% -8.53%
EBITDA Growth		 -366.34% -65.16% -69.47% -28.90% 110.16% -72.67% 31.46% -21.72% -1,204.18% -109.73% -50.41%
EBIT Growth		 -427.71% -75.28% -76.85% -30.75% 104.52% -142.57% 41.53% -26.00% -2,534.85% -85.28% -59.08%
NOPAT Growth		 -370.85% -77.88% -74.32% -37.37% 103.83% -130.49% 17.44% -21.06% -2,996.22% -162.24% -53.06%
Net Income Growth		 -597.42% -169.74% -116.68% -49.79% 90.61% -70.79% 91.68% -35.89% -984.99% 43.35% -3,340.27%
EPS Growth		 -632.03% -180.33% -117.31% -49.23% 90.90% -65.31% 92.59% -34.34% -1,035.48% 41.98% -3,800.00%
Operating Cash Flow Growth		 108.12% 20.29% 175.96% 167.63% 516.00% 65.97% 20.06% -3.23% -63.66% -103.75% 84.27%
Free Cash Flow Firm Growth		 66.68% -110.92% -3,335.00% 130.18% 116.06% 114.20% 121.21% -15.30% 110.79% 178.31% 145.83%
Invested Capital Growth		 15.88% 54.34% 50.74% -8.01% -2.99% -5.05% -6.12% -7.50% -14.45% -14.80% -17.86%
Revenue Q/Q Growth		 -24.12% -19.28% 34.15% 11.08% -30.34% -0.54% 28.66% 14.34% -16.77% -17.29% 16.22%
EBITDA Q/Q Growth		 -267.71% 110.45% 45.63% 178.50% -76.03% -71.89% 600.41% 65.85% -438.10% 99.75% 3,670.87%
EBIT Q/Q Growth		 -299.03% 105.65% 69.13% 263.99% -87.02% -153.28% 662.27% 90.31% -527.09% 95.95% 224.19%
NOPAT Q/Q Growth		 -277.59% 105.51% 114.11% 198.95% -89.15% -143.91% 924.68% 100.95% -497.98% 96.02% 247.60%
Net Income Q/Q Growth		 -433.03% 92.81% 43.43% 470.68% -162.29% -30.75% 97.25% 2,957.33% -1,154.20% 93.17% -67.31%
EPS Q/Q Growth		 -449.23% 92.80% 44.90% 466.67% -162.63% -30.65% 97.53% 3,350.00% -1,183.08% 93.32% -65.96%
Operating Cash Flow Q/Q Growth		 -87.35% -2,579.92% 121.54% 295.83% -70.87% -236.99% 176.01% 219.04% -89.06% -868.03% 168.74%
Free Cash Flow Firm Q/Q Growth		 44.34% -81.59% 6.24% 131.84% -70.39% 60.55% 40.10% 27.15% -26.30% 111.97% 23.75%
Invested Capital Q/Q Growth		 -7.54% 5.15% -0.71% -4.69% -2.50% 2.91% -1.83% -6.09% -9.83% 2.50% -5.36%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 26.39% 25.12% 24.65% 24.45% 23.99% 22.37% 22.83% 23.27% 22.58% 23.49% 23.86%
EBITDA Margin		 -24.66% 3.19% 3.47% 8.69% 2.99% 0.85% 4.60% 6.68% -27.12% -0.08% 2.49%
Operating Margin		 -26.04% 1.78% 2.84% 7.37% 1.19% -0.53% 3.37% 5.49% -28.28% -1.36% 1.73%
EBIT Margin		 -26.36% 1.85% 2.33% 7.62% 1.42% -0.76% 3.33% 5.54% -28.41% -1.39% 1.49%
Profit (Net Income) Margin		 -24.58% -2.19% -0.92% 3.08% -2.76% -3.62% -0.08% 1.94% -24.55% -2.03% -2.92%
Tax Burden Percent		 81.79% 77.79% 70.95% 72.49% 81.40% 72.12% 71.70% 75.34% 77.18% 36.56% 174.93%
Interest Burden Percent		 114.04% -152.52% -55.93% 55.75% -238.26% 659.93% -3.25% 46.47% 111.98% 398.02% -112.07%
Effective Tax Rate		 0.00% 0.00% 0.00% 27.51% 0.00% 0.00% 0.00% 24.66% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -29.89% 2.19% 3.42% 7.50% 1.18% -0.50% 3.27% 6.10% -32.49% -1.52% 1.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 -33.71% 0.35% 1.29% 6.06% -0.42% -1.84% 1.96% 4.62% -35.22% -2.01% -0.30%
Return on Net Nonoperating Assets (RNNOA)		 -58.96% 0.55% 1.98% 11.24% -0.88% -4.39% 4.63% 9.50% -83.69% -5.12% -0.75%
Return on Equity (ROE)		 -88.86% 2.75% 5.41% 18.74% 0.30% -4.89% 7.89% 15.61% -116.18% -6.64% 1.21%
Cash Return on Invested Capital (CROIC)		 -13.64% -42.86% -42.83% 5.30% 6.67% 8.22% 9.53% 10.63% 10.33% 10.68% 13.59%
Operating Return on Assets (OROA)		 -32.03% 2.15% 2.58% 8.26% 1.54% -0.82% 3.53% 6.24% -35.53% -1.71% 1.81%
Return on Assets (ROA)		 -29.88% -2.55% -1.02% 3.34% -2.98% -3.91% -0.08% 2.18% -30.71% -2.49% -3.55%
Return on Common Equity (ROCE)		 -76.96% 2.44% 4.80% 16.66% 0.27% -4.51% 7.58% 14.98% -111.03% -6.35% 1.21%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -16.58% -25.61% 0.00% 0.00% -3.33% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -82 4.53 9.70 29 3.15 -1.38 11 23 -91 -3.62 5.35
NOPAT Margin		 -18.23% 1.24% 1.99% 5.35% 0.83% -0.37% 2.36% 4.14% -19.80% -0.95% 1.21%
Net Nonoperating Expense Percent (NNEP)		 3.81% 1.85% 2.13% 1.44% 1.60% 1.34% 1.31% 1.49% 2.72% 0.49% 2.26%
Return On Investment Capital (ROIC_SIMPLE)		 -6.04% 0.33% 0.70% 2.21% 0.25% -0.11% 0.86% 1.83% -8.16% -0.31% 0.49%
Cost of Revenue to Revenue		 73.61% 74.88% 75.35% 75.55% 76.01% 77.63% 77.17% 76.73% 77.42% 76.51% 76.14%
SG&A Expenses to Revenue		 18.77% 21.87% 17.72% 16.05% 21.04% 21.04% 18.16% 16.67% 18.32% 21.38% 19.37%
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		 52.43% 23.34% 21.81% 17.07% 22.80% 22.89% 19.47% 17.78% 50.86% 24.85% 22.13%
Earnings before Interest and Taxes (EBIT)		 -119 6.72 11 41 5.37 -2.86 16 31 -131 -5.30 6.58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -111 12 17 47 11 3.18 22 37 -125 -0.31 11
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.13 1.51 1.28 1.20 1.06 0.80 0.69 0.56 0.91 0.64 0.58
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.21 0.28 0.24 0.24 0.22 0.16 0.15 0.12 0.14 0.10 0.09
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.04 1.14 1.07 1.06 1.02 0.94 0.91 0.85 0.98 0.95 0.89
Enterprise Value to Revenue (EV/Rev)		 0.68 0.78 0.75 0.72 0.71 0.67 0.63 0.55 0.55 0.55 0.49
Enterprise Value to EBITDA (EV/EBITDA)		 29.92 68.26 0.00 0.00 14.40 15.19 13.41 13.47 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 76.74 0.00 0.00 0.00 19.33 21.61 18.76 20.16 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 103.85 0.00 0.00 0.00 27.61 30.24 27.33 28.81 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 111.71 35.96 11.11 10.02 9.09 11.19 19.43 11.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 19.12 15.04 11.17 9.20 7.69 8.71 8.21 5.91
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.29 2.61 2.61 2.28 2.22 2.39 2.45 2.17 2.92 3.21 3.07
Long-Term Debt to Equity		 1.03 1.13 1.07 1.04 1.06 1.08 1.05 0.97 1.17 1.18 1.23
Financial Leverage		 1.75 1.61 1.53 1.86 2.10 2.38 2.36 2.06 2.38 2.55 2.48
Leverage Ratio		 3.71 3.94 3.94 3.70 4.07 4.30 4.39 4.00 4.43 4.62 4.64
Compound Leverage Factor		 4.23 -6.02 -2.20 2.06 -9.71 28.40 -0.14 1.86 4.96 18.38 -5.20
Debt to Total Capital		 69.57% 72.29% 72.31% 69.51% 68.91% 70.54% 71.04% 68.50% 74.48% 76.26% 75.44%
Short-Term Debt to Total Capital		 38.09% 41.02% 42.59% 37.71% 35.90% 38.85% 40.65% 37.95% 44.56% 48.32% 45.28%
Long-Term Debt to Total Capital		 31.48% 31.27% 29.73% 31.80% 33.01% 31.69% 30.39% 30.56% 29.93% 27.95% 30.16%
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		 4.08% 2.26% 2.23% 2.41% 2.38% 2.22% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 26.35% 25.45% 25.46% 28.07% 28.71% 27.25% 28.96% 31.50% 25.52% 23.74% 24.56%
Debt to EBITDA		 21.57 45.23 -61.14 -25.71 9.96 11.69 11.16 11.62 -13.32 -13.52 -10.73
Net Debt to EBITDA		 19.44 42.78 -57.58 -24.25 9.64 11.23 10.26 10.50 -12.28 -12.88 -9.74
Long-Term Debt to EBITDA		 9.76 19.56 -25.13 -11.76 4.77 5.25 4.78 5.18 -5.35 -4.96 -4.29
Debt to NOPAT		 74.86 -716.88 -38.54 -22.83 19.09 23.27 22.75 24.85 -13.91 -14.37 -12.15
Net Debt to NOPAT		 67.49 -678.16 -36.29 -21.53 18.49 22.35 20.91 22.47 -12.82 -13.68 -11.03
Long-Term Debt to NOPAT		 33.88 -310.08 -15.84 -10.45 9.15 10.46 9.73 11.08 -5.59 -5.26 -4.86
Altman Z-Score		 1.39 1.66 1.57 1.71 1.59 1.48 1.47 1.59 1.29 1.49 1.55
Noncontrolling Interest Sharing Ratio		 13.39% 11.05% 11.13% 11.08% 10.61% 7.83% 4.03% 4.00% 4.43% 4.36% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.32 1.27 1.21 1.29 1.28 1.24 1.20 1.23 1.14 1.13 1.16
Quick Ratio		 0.30 0.13 0.21 0.23 0.15 0.12 0.23 0.25 0.18 0.10 0.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -256 -465 -436 139 41 66 92 118 87 184 227
Operating Cash Flow to CapEx		 110.68% -2,261.75% 240.94% 1,478.18% 665.17% -1,551.04% 614.05% 4,842.72% 370.77% -3,960.96% 2,344.39%
Free Cash Flow to Firm to Interest Expense		 -15.34 -27.39 -24.59 7.58 2.26 4.12 5.57 7.17 5.53 11.63 16.28
Operating Cash Flow to Interest Expense		 0.27 -6.49 1.34 5.13 1.51 -2.34 1.71 5.54 0.63 -4.83 3.76
Operating Cash Flow Less CapEx to Interest Expense		 0.03 -6.77 0.78 4.78 1.28 -2.49 1.44 5.43 0.46 -4.95 3.60
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.22 1.16 1.11 1.08 1.08 1.08 1.06 1.13 1.25 1.23 1.22
Accounts Receivable Turnover		 22.63 34.69 19.85 18.66 19.02 34.06 17.64 19.53 27.91 38.90 24.11
Inventory Turnover		 2.85 2.30 2.20 2.36 2.23 2.02 2.11 2.47 2.56 2.33 2.44
Fixed Asset Turnover		 20.25 19.53 18.38 17.45 20.29 20.43 19.63 19.39 20.26 24.93 24.47
Accounts Payable Turnover		 17.04 21.39 14.98 15.03 17.13 21.01 14.34 17.32 18.13 20.22 16.56
Days Sales Outstanding (DSO)		 16.13 10.52 18.39 19.56 19.20 10.72 20.69 18.69 13.08 9.38 15.14
Days Inventory Outstanding (DIO)		 127.98 158.90 166.09 154.66 163.79 180.71 172.84 147.94 142.77 156.41 149.50
Days Payable Outstanding (DPO)		 21.42 17.07 24.37 24.28 21.31 17.37 25.45 21.07 20.13 18.05 22.04
Cash Conversion Cycle (CCC)		 122.68 152.36 160.10 149.94 161.68 174.06 168.08 145.56 135.71 147.74 142.61
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,268 1,333 1,323 1,261 1,230 1,265 1,242 1,167 1,052 1,078 1,020
Invested Capital Turnover		 1.64 1.76 1.72 1.40 1.42 1.37 1.39 1.47 1.64 1.60 1.62
Increase / (Decrease) in Invested Capital		 174 469 445 -110 -38 -67 -81 -95 -178 -187 -222
Enterprise Value (EV)		 1,313 1,513 1,422 1,334 1,253 1,193 1,125 992 1,026 1,028 908
Market Capitalization		 404 533 450 442 384 283 264 218 259 179 157
Book Value per Share		 $22.72 $24.28 $21.98 $23.01 $22.47 $21.82 $23.39 $24.11 $17.41 $16.79 $16.22
Tangible Book Value per Share		 ($12.06) ($13.40) ($12.14) ($10.94) ($11.28) ($11.41) ($9.61) ($8.78) ($6.37) ($6.67) ($6.74)
Total Capital		 1,361 1,387 1,381 1,313 1,257 1,302 1,318 1,248 1,117 1,169 1,097
Total Debt		 947 1,003 999 913 866 918 936 855 832 891 828
Total Long-Term Debt		 428 434 411 418 415 413 400 381 334 327 331
Net Debt		 853 948 941 861 839 882 861 773 767 849 751
Capital Expenditures (CapEx)		 4.01 4.87 9.84 6.35 4.11 2.41 4.64 1.88 2.68 1.93 2.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 638 703 691 626 594 622 597 528 521 615 520
Debt-free Net Working Capital (DFNWC)		 731 757 750 678 621 658 673 610 585 657 597
Net Working Capital (NWC)		 213 188 161 183 170 153 137 137 88 92 100
Net Nonoperating Expense (NNE)		 29 12 14 12 14 12 12 12 22 4.09 18
Net Nonoperating Obligations (NNO)		 853 948 941 861 839 882 861 773 767 801 751
Total Depreciation and Amortization (D&A)		 7.66 4.91 5.57 5.79 5.93 6.04 6.17 6.30 5.93 4.99 4.45
Debt-free, Cash-free Net Working Capital to Revenue		 32.95% 36.36% 36.43% 33.93% 33.49% 34.85% 33.55% 29.52% 27.81% 32.74% 28.35%
Debt-free Net Working Capital to Revenue		 37.77% 39.16% 39.50% 36.75% 35.03% 36.90% 37.80% 34.10% 31.27% 35.00% 32.52%
Net Working Capital to Revenue		 11.00% 9.74% 8.49% 9.92% 9.57% 8.55% 7.69% 7.63% 4.70% 4.91% 5.47%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($6.90) ($0.49) ($0.27) $1.01 ($0.64) ($0.81) ($0.02) $0.66 ($7.05) ($0.47) ($0.78)
Adjusted Weighted Average Basic Shares Outstanding		 14.33M 14.54M 14.58M 14.59M 14.59M 14.83M 15.97M 16.31M 15.87M 16.53M 16.61M
Adjusted Diluted Earnings per Share		 ($6.81) ($0.49) ($0.27) $0.99 ($0.62) ($0.81) ($0.02) $0.65 ($7.04) ($0.47) ($0.78)
Adjusted Weighted Average Diluted Shares Outstanding		 14.33M 14.54M 14.58M 14.89M 14.59M 14.83M 15.97M 16.44M 15.87M 16.53M 16.61M
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		 15.97M 16.00M 16.02M 16.06M 16.26M 16.31M 16.31M 16.37M 16.53M 16.61M 16.62M
Normalized Net Operating Profit after Tax (NOPAT)		 -82 4.53 18 29 3.15 -0.79 12 23 12 1.58 9.96
Normalized NOPAT Margin		 -18.23% 1.24% 3.68% 5.35% 0.83% -0.21% 2.41% 4.17% 2.52% 0.42% 2.25%
Pre Tax Income Margin		 -30.05% -2.81% -1.30% 4.25% -3.38% -5.02% -0.11% 2.57% -31.81% -5.54% -1.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -7.12 0.40 0.64 2.26 0.30 -0.18 0.97 1.87 -8.35 -0.34 0.47
NOPAT to Interest Expense		 -4.93 0.27 0.55 1.58 0.17 -0.09 0.69 1.40 -5.82 -0.23 0.38
EBIT Less CapEx to Interest Expense		 -7.36 0.11 0.09 1.91 0.07 -0.33 0.69 1.75 -8.52 -0.46 0.31
NOPAT Less CapEx to Interest Expense		 -5.17 -0.02 -0.01 1.24 -0.05 -0.24 0.41 1.28 -5.99 -0.35 0.22
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -9.21% -44.29% -28.71% -25.07% -392.73% -13.76% -23.44% -5.17% -0.24% 0.00% -0.07%
Augmented Payout Ratio		 -13.25% -44.29% -28.71% -25.07% -392.73% -13.76% -23.44% -5.17% -0.24% 0.00% -0.07%

Financials Breakdown Chart

Key Financial Trends

OneWater Marine’s latest quarter shows a business that has rebounded sharply from the prior quarter’s losses, but still faces a highly leveraged balance sheet and uneven profitability. Q2 2026 revenue rose sequentially, operating cash flow improved, and the company posted a much smaller net loss than in Q1 2026. However, debt remains very large relative to equity, and profitability is still weak on a trailing basis.

  • Revenue rebounded quarter over quarter. Q2 2026 revenue was $442.3 million, up from $380.6 million in Q1 2026.
  • Operating cash flow turned solidly positive. The company generated $52.4 million in operating cash flow in Q2 2026, a strong improvement from a negative $76.3 million in Q1 2026.
  • Net loss narrowed materially. Q2 2026 net loss was $12.9 million, better than the $7.7 million loss in Q1 2026 on a larger revenue base and far better than the heavy Q4 2025 loss.
  • Cash balance improved meaningfully. Cash and equivalents rose to $68.4 million in Q2 2026 from $32.2 million in Q1 2026.
  • Equity increased slightly. Total common equity improved to $269.4 million in Q2 2026 from $277.5 million in Q1 2026, helped by recent earnings dynamics and balance sheet movement.
  • Gross margin remains acceptable, but not especially strong. Q2 2026 gross profit was $105.5 million on $442.3 million of revenue, keeping the company profitable at the gross level but leaving limited room after operating and interest costs.
  • Inventory remains a major working-capital item. Inventories were $551.4 million in Q2 2026, still one of the largest assets on the balance sheet.
  • Goodwill and intangibles remain large. The balance sheet included $259.0 million of goodwill and $122.5 million of intangibles in Q2 2026, which adds accounting risk if performance weakens.
  • Debt load remains heavy. Short-term debt was $496.7 million and long-term debt was $330.0 million in Q2 2026, leaving leverage elevated.
  • Current liabilities exceed current assets. Total current liabilities of $632.3 million were higher than total current assets of $732.6 million only because of substantial inventory and receivables; liquidity still deserves attention given the debt burden and working-capital intensity.

Looking at the last several years, OneWater Marine’s results have been volatile. Revenue has generally hovered in the $375 million to $553 million quarterly range, but earnings have swung from profit to loss depending on demand, margins, and restructuring charges. The company posted strong operating performance in parts of fiscal 2025, then slipped into large losses in late 2025 before improving again in early 2026.

The biggest takeaway for retail investors is that ONEW is showing signs of operational recovery, but financial risk remains high. Positive cash generation in Q2 2026 is encouraging, yet the company still carries significant debt and has not yet established consistent bottom-line profitability. If management can sustain revenue growth and keep working capital under control, earnings could improve further. If not, leverage and interest expense may continue to pressure results.

07/05/26 12:12 AM ETAI Generated. May Contain Errors.

OneWater Marine Financials - Frequently Asked Questions

According to the most recent income statement we have on file, OneWater Marine's financial year ends in September. Their financial year 2025 ended on September 30, 2025.

OneWater Marine's net income appears to be on a downward trend, with a most recent value of -$116.23 million in 2025, falling from $37.26 million in 2019. The previous period was -$6.18 million in 2024. View OneWater Marine's forecast to see where analysts expect OneWater Marine to go next.

OneWater Marine's total operating income in 2025 was -$85.45 million, based on the following breakdown:
  • Total Gross Profit: $427.02 million
  • Total Operating Expenses: $512.47 million

Over the last 6 years, OneWater Marine's total revenue changed from $0.00 in 2019 to $1.87 billion in 2025, a change of 187,233,400,000.0%.

OneWater Marine's total liabilities were at $1.12 billion at the end of 2025, a 6.7% decrease from 2024, and a 193.8% increase since 2019.

In the past 6 years, OneWater Marine's cash and equivalents has ranged from $0.00 in 2020 to $84.65 million in 2023, and is currently $52.17 million as of their latest financial filing in 2025.

Over the last 6 years, OneWater Marine's book value per share changed from 6.88 in 2019 to 17.41 in 2025, a change of 152.9%.


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