Malibu Boats Financials
This page shows Malibu Boats (MBUU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Working-capital release and a low-debt balance sheet carried Malibu Boats through a margin reset more than sales did.
FY2025's profit recovery was not a sales rebound: revenue stayed near$808M versus$829M in FY2024, while gross margin barely moved. Yet operating margin swung from-6.8% to2.7% , which points to FY2024 being weighed down more by operating-cost pressure and non-core charges than by another step-down in core product economics.
Cash generation held up better than earnings: operating cash flow was
The balance sheet did the cushioning: with debt to equity at 0.03x and a current ratio of 1.6x in FY2025, the company was not forced to lean on leverage to get through weaker demand. Free cash flow turned positive at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Malibu Boats's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Malibu Boats has an operating margin of 2.7%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from -6.8% the prior year.
Malibu Boats's revenue declined 2.6% year-over-year, from $829.0M to $807.6M. This contraction results in a growth score of 4/100.
Malibu Boats carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Malibu Boats's current ratio of 1.63 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Malibu Boats has a free cash flow margin of 3.5%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Malibu Boats's ROE of 2.9% shows moderate profitability relative to equity, earning a score of 39/100. This is up from -10.5% the prior year.
Malibu Boats scores 3.73, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Malibu Boats passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Malibu Boats generates $3.80 in operating cash flow ($56.5M OCF vs $14.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Malibu Boats earns $11.6 in operating income for every $1 of interest expense ($21.8M vs $1.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Malibu Boats generated $807.6M in revenue in fiscal year 2025. This represents a decrease of 2.6% from the prior year.
Malibu Boats's EBITDA was $60.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 362.9% from the prior year.
Malibu Boats reported $14.9M in net income in fiscal year 2025. This represents an increase of 126.6% from the prior year.
Malibu Boats earned $0.76 per diluted share (EPS) in fiscal year 2025. This represents an increase of 127.7% from the prior year.
Cash & Balance Sheet
Malibu Boats generated $28.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 240.1% from the prior year.
Malibu Boats held $37.0M in cash against $18.0M in long-term debt as of fiscal year 2025.
Margins & Returns
Malibu Boats's gross margin was 17.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.
Malibu Boats's operating margin was 2.7% in fiscal year 2025, reflecting core business profitability. This is up 9.4 percentage points from the prior year.
Malibu Boats's net profit margin was 1.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.6 percentage points from the prior year.
Malibu Boats's ROE was 2.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.4 percentage points from the prior year.
Capital Allocation
Malibu Boats spent $36.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 22.6% from the prior year.
Malibu Boats invested $27.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 63.2% from the prior year.
MBUU Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $235.7M+25.0% | $188.6M-3.1% | $194.7M-5.9% | $207.0M-9.5% | $228.7M+14.2% | $200.3M+16.7% | $171.6M+8.1% | $158.7M |
| Cost of Revenue | $194.4M+18.9% | $163.5M-2.0% | $166.8M-4.3% | $174.3M-4.7% | $182.9M+12.3% | $162.9M+13.6% | $143.4M-1.9% | $146.2M |
| Gross Profit | $41.3M+64.3% | $25.1M-10.1% | $27.9M-14.7% | $32.7M-28.4% | $45.7M+22.2% | $37.4M+32.6% | $28.2M+125.8% | $12.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $31.8M+52.4% | $20.8M+0.3% | $20.8M+10.3% | $18.8M-5.2% | $19.8M-25.2% | $26.5M-2.6% | $27.2M+26.3% | $21.6M |
| Operating Income | -$1.9M+45.5% | -$3.5M-315.2% | -$842K-112.3% | $6.8M-60.7% | $17.4M+446.8% | $3.2M+156.6% | -$5.6M+77.0% | -$24.4M |
| Interest Expense | $896K+176.5% | $324K-23.4% | $423K+12.2% | $377K-28.2% | $525K-10.3% | $585K+47.7% | $396K-77.5% | $1.8M |
| Income Tax | -$631K+51.5% | -$1.3M-518.0% | $311K-84.6% | $2.0M-45.1% | $3.7M+1953.6% | $179K+121.1% | -$850K+82.3% | -$4.8M |
| Net Income | -$2.4M+1.9% | -$2.5M-250.7% | -$702K-115.0% | $4.7M-63.7% | $12.9M+445.5% | $2.4M+146.8% | -$5.0M+73.7% | -$19.2M |
| EPS (Diluted) | $-0.130.0% | $-0.13-225.0% | $-0.04 | N/A | $0.66+450.0% | $0.12+148.0% | $-0.25 | N/A |
MBUU Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B+40.7% | $715.7M-5.3% | $755.6M+2.9% | $734.6M-3.2% | $758.8M+2.7% | $738.7M-2.7% | $759.1M+2.6% | $739.6M |
| Current Assets | $307.3M+43.1% | $214.7M-13.4% | $247.9M+12.8% | $219.9M-7.6% | $237.9M+15.3% | $206.5M-6.8% | $221.6M+9.6% | $202.1M |
| Cash & Equivalents | $50.2M+77.8% | $28.2M-36.0% | $44.1M+19.2% | $37.0M-4.4% | $38.7M+10.2% | $35.1M+27.0% | $27.7M+2.6% | $26.9M |
| Inventory | $204.7M+39.4% | $146.9M+1.3% | $145.0M+2.0% | $142.2M-3.7% | $147.6M+1.9% | $144.9M-1.4% | $146.9M+0.9% | $145.6M |
| Accounts Receivable | $29.7M+99.7% | $14.9M-56.9% | $34.5M+50.0% | $23.0M-45.7% | $42.4M+158.7% | $16.4M-52.9% | $34.8M+50.2% | $23.1M |
| Goodwill | $84.8M+64.9% | $51.4M+0.1% | $51.4M+0.1% | $51.3M+0.5% | $51.0M+0.1% | $51.0M-1.3% | $51.6M+0.4% | $51.4M |
| Total Liabilities | $485.2M+124.2% | $216.4M-7.9% | $235.0M+9.4% | $214.7M-10.8% | $240.8M+7.4% | $224.3M-5.3% | $236.8M+15.5% | $204.9M |
| Current Liabilities | $233.8M+69.8% | $137.7M-9.4% | $152.0M+12.9% | $134.6M-9.3% | $148.4M+9.4% | $135.6M-5.0% | $142.8M+3.0% | $138.6M |
| Long-Term Debt | $165.0M+725.0% | $20.0M-13.0% | $23.0M+27.8% | $18.0M-35.7% | $28.0M+21.7% | $23.0M-17.9% | $28.0M | $0 |
| Total Equity | $517.7M+4.6% | $495.0M-4.1% | $516.4M+0.2% | $515.5M+0.5% | $513.0M+0.6% | $509.8M-1.5% | $517.7M-2.3% | $530.0M |
| Retained Earnings | $479.1M-0.5% | $481.5M-0.5% | $484.0M-0.1% | $484.7M+1.0% | $480.0M+2.8% | $467.1M+0.5% | $464.7M-1.1% | $469.8M |
MBUU Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $21.4M+69.0% | $12.6M+93.5% | $6.5M-68.9% | $21.0M+36.1% | $15.5M-45.6% | $28.4M+438.1% | -$8.4M-151.4% | $16.3M |
| Capital Expenditures | $5.9M+33.4% | $4.4M+2.5% | $4.3M-38.1% | $7.0M+3.9% | $6.7M+18.5% | $5.6M-34.6% | $8.6M-27.2% | $11.9M |
| Free Cash Flow | $15.5M+88.1% | $8.2M+269.6% | $2.2M-84.2% | $14.1M+60.6% | $8.8M-61.5% | $22.8M+233.7% | -$17.0M-480.0% | $4.5M |
| Investing Cash Flow | -$131.7M-2889.3% | -$4.4M-4.3% | -$4.2M+37.9% | -$6.8M-2.2% | -$6.7M-25.7% | -$5.3M+38.6% | -$8.6M+26.6% | -$11.8M |
| Financing Cash Flow | $131.9M+642.8% | -$24.3M-624.0% | $4.6M+129.0% | -$16.0M-210.8% | -$5.1M+66.3% | -$15.2M-187.0% | $17.5M+170.6% | -$24.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $13.1M-37.4% | $20.8M | $0-100.0% | $5.7M-44.0% | $10.1M+3.8% | $9.7M-7.1% | $10.5M+9.4% | $9.6M |
MBUU Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.5%+4.2pp | 13.3%-1.0pp | 14.3%-1.5pp | 15.8%-4.2pp | 20.0%+1.3pp | 18.7%+2.2pp | 16.4%+8.6pp | 7.9% |
| Operating Margin | -0.8%+1.0pp | -1.8%-1.4pp | -0.4%-3.7pp | 3.3%-4.3pp | 7.6%+6.0pp | 1.6%+4.9pp | -3.3%+12.1pp | -15.4% |
| Net Margin | -1.0%+0.3pp | -1.3%-1.0pp | -0.4%-2.6pp | 2.3%-3.4pp | 5.6%+4.5pp | 1.2%+4.1pp | -2.9%+9.2pp | -12.1% |
| Return on Equity | -0.5%+0.0pp | -0.5%-0.4pp | -0.1%-1.1pp | 0.9%-1.6pp | 2.5%+2.1pp | 0.5%+1.4pp | -1.0%+2.7pp | -3.6% |
| Return on Assets | -0.2%+0.1pp | -0.3%-0.2pp | -0.1%-0.7pp | 0.6%-1.1pp | 1.7%+1.4pp | 0.3%+1.0pp | -0.7%+1.9pp | -2.6% |
| Current Ratio | 1.31-0.2 | 1.56-0.1 | 1.630.0 | 1.63+0.0 | 1.60+0.1 | 1.52-0.0 | 1.55+0.1 | 1.46 |
| Debt-to-Equity | 0.32+0.3 | 0.040.0 | 0.040.0 | 0.03-0.0 | 0.050.0 | 0.050.0 | 0.05+0.1 | 0.00 |
| FCF Margin | 6.6%+2.2pp | 4.4%+3.2pp | 1.1%-5.7pp | 6.8%+3.0pp | 3.8%-7.5pp | 11.4%+21.3pp | -9.9%-12.7pp | 2.8% |
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Frequently Asked Questions
What is Malibu Boats's annual revenue?
Malibu Boats (MBUU) reported $807.6M in total revenue for fiscal year 2025. This represents a -2.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Malibu Boats's revenue growing?
Malibu Boats (MBUU) revenue declined by 2.6% year-over-year, from $829.0M to $807.6M in fiscal year 2025.
Is Malibu Boats profitable?
Yes, Malibu Boats (MBUU) reported a net income of $14.9M in fiscal year 2025, with a net profit margin of 1.8%.
What is Malibu Boats's EBITDA?
Malibu Boats (MBUU) had EBITDA of $60.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Malibu Boats have?
As of fiscal year 2025, Malibu Boats (MBUU) had $37.0M in cash and equivalents against $18.0M in long-term debt.
What is Malibu Boats's gross margin?
Malibu Boats (MBUU) had a gross margin of 17.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Malibu Boats's operating margin?
Malibu Boats (MBUU) had an operating margin of 2.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Malibu Boats's net profit margin?
Malibu Boats (MBUU) had a net profit margin of 1.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Malibu Boats's return on equity (ROE)?
Malibu Boats (MBUU) has a return on equity of 2.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Malibu Boats's free cash flow?
Malibu Boats (MBUU) generated $28.6M in free cash flow during fiscal year 2025. This represents a 240.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Malibu Boats's operating cash flow?
Malibu Boats (MBUU) generated $56.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Malibu Boats's total assets?
Malibu Boats (MBUU) had $734.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Malibu Boats's capital expenditures?
Malibu Boats (MBUU) invested $27.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Malibu Boats's current ratio?
Malibu Boats (MBUU) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
What is Malibu Boats's debt-to-equity ratio?
Malibu Boats (MBUU) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Malibu Boats's return on assets (ROA)?
Malibu Boats (MBUU) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Malibu Boats's Altman Z-Score?
Malibu Boats (MBUU) has an Altman Z-Score of 3.73, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Malibu Boats's Piotroski F-Score?
Malibu Boats (MBUU) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Malibu Boats's earnings high quality?
Malibu Boats (MBUU) has an earnings quality ratio of 3.80x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Malibu Boats cover its interest payments?
Malibu Boats (MBUU) has an interest coverage ratio of 11.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Malibu Boats?
Malibu Boats (MBUU) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.