OneWater Marine Inc. (ONEW) Financials

ONEW

Trailing 12 months to June 30, 2026

Revenue $1.8B +1.3% YoY

Net Income -$121.9M -1021.1% YoY

Free Cash Flow $56.8M -40.7% YoY

Operating Cash Flow $66.4M -39.1% YoY

Market Cap $155.8M as of Oct 10, 2026

Price / Sales 0.1x on $1.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 0.5x on $286.1M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ONEW SEC filings page.

OneWater Marine Inc. (ONEW) reported $1.8B in revenue over the twelve months to Jun 30, 2026, up 1.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Rhea AI ONEW FY2025 2026-10-03

Revenue recovered in FY2025, but thinner product margins and overhead pushed the business back into a substantial operating loss.

FY2025 paired an operating loss of $85.5M with operating cash flow of $91.8M, so reported cash generation was not coming from operating profitability. The simultaneous inventory reduction from $590.8M to $539.8M points to working-capital release as an important contributor, rather than a clean earnings-to-cash conversion.

Revenue recovered to $1.87B in FY2025, but gross margin fell to 22.8%, indicating volume did not translate into better unit economics. Operating costs then converted that weaker gross profit into a -4.6% operating margin, versus 3.7% in FY2024, showing pressure below the product-cost line.

Long-term debt fell to $334M in FY2025 while equity fell to $285M, so the balance sheet shrank on both sides. Debt-to-equity remained 1.2x, and the current ratio declined to 1.1x, indicating less short-term cushion despite lower debt.

Financial Health Signals

Financial Health Score 29/100

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 OneWater Marine Inc.'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.

Profitability

OneWater Marine Inc. has an operating margin of -4.6%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 28/100. This is down from 3.7% the prior year.

Growth

OneWater Marine Inc.'s revenue grew 5.6% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 25/100.

Leverage

OneWater Marine Inc. has a moderate D/E ratio of 1.17. This balance of debt and equity financing earns a leverage score of 44/100.

Liquidity

OneWater Marine Inc.'s current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

OneWater Marine Inc.'s free cash flow margin of 4.3% results in a low score of 27/100. Capital expenditures of $12.0M absorb a large share of operating cash flow.

Returns

OneWater Marine Inc. posts a -40.2% return on equity (ROE), meaning it loses $40 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is down from -1.6% the prior year.

Altman Z-Score Distress

1.34

OneWater Marine Inc. scores 1.34, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

OneWater Marine Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

OneWater Marine Inc. reported a net loss of $114.6M while generating $91.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

OneWater Marine Inc. reported an operating loss of $85.5M against $36.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$530.7M

YoY-4.0%

QoQ+20.0%

5Y CAGR+5.6%

OneWater Marine Inc. generated $530.7M in revenue in Q3 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is up 20.0%.

EBITDA

$39.7M

YoY+8.3%

QoQ+236.3%

5Y CAGR-9.8%

OneWater Marine Inc.'s EBITDA was $39.7M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.3% from the same quarter a year earlier. Against the prior quarter it is up 236.3%.

Net Income

$11.7M

YoY+8.9%

QoQ+190.5%

5Y CAGR-19.5%

OneWater Marine Inc. reported $11.7M in net income in Q3 2026. This represents an increase of 8.9% from the same quarter a year earlier. Against the prior quarter it is up 190.5%.

EPS (Diluted)

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$77.6M

YoY-12.7%

QoQ+54.6%

5Y CAGR-8.3%

OneWater Marine Inc. generated $77.6M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 12.7% from the same quarter a year earlier. Against the prior quarter it is up 54.6%.

Cash & Debt

$78.9M

YoY-3.7%

QoQ+3.1%

5Y CAGR-8.2%

OneWater Marine Inc. held $78.9M in cash against $324.2M in long-term debt as of Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Shares Outstanding

Not reported for Q3 2026.

Margins & Returns

Gross Margin

24.0%

YoY+0.8pp

QoQ+0.2pp

5Y change-7.4pp

OneWater Marine Inc.'s gross margin was 24.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Operating Margin

6.7%

YoY+1.2pp

QoQ+5.0pp

5Y change-9.4pp

OneWater Marine Inc.'s operating margin was 6.7% in Q3 2026, reflecting core business profitability. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.

Net Margin

2.2%

YoY+0.3pp

QoQ+5.1pp

5Y change-6.3pp

OneWater Marine Inc.'s net profit margin was 2.2% in Q3 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.1 percentage points.

Return on Equity

4.1%

YoY+1.4pp

QoQ+8.9pp

5Y change-14.8pp

OneWater Marine Inc.'s ROE was 4.1% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.9 percentage points.

Capital Allocation

Capital Expenditures

$2.8M

YoY+42.8%

QoQ+22.3%

5Y CAGR+0.7%

OneWater Marine Inc. invested $2.8M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 42.8% from the same quarter a year earlier. Against the prior quarter it is up 22.3%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

ONEW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ONEW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$1.8B	$1.9B+5.6%	$1.8B-8.5%	$1.9B+11.0%	$1.7B+42.1%	$1.2B+20.1%	$1.0B	N/A	N/A
Cost of Revenue	$1.4B	$1.4B+8.1%	$1.3B-4.5%	$1.4B+17.6%	$1.2B+36.8%	$870.8M+10.6%	$787.4M	N/A	N/A
Gross Profit	$426.3M	$427.0M-1.8%	$435.1M-18.7%	$535.1M-3.3%	$553.7M+54.9%	$357.5M+51.8%	$235.5M	N/A	N/A
SG&A Expenses	$338.6M	$343.3M+3.2%	$332.7M-3.7%	$345.5M+14.4%	$302.1M+51.8%	$199.0M+38.6%	$143.6M	N/A	N/A
Operating Income	-$92.0M	-$85.5M-231.8%	$64.8M+258.8%	$18.1M-91.7%	$217.8M+46.3%	$148.9M+90.2%	$78.3M	N/A	N/A
EBITDA	N/A	-$61.0M-170.1%	$87.0M+94.0%	$44.9M-80.8%	$234.1M+51.7%	$154.3M+89.2%	$81.5M	N/A	N/A
Interest Expense	$32.1M	$36.2M-2.3%	$37.0M+7.2%	$34.6M+161.8%	$13.2M+203.9%	$4.3M-50.8%	$8.8M	N/A	N/A
Income Tax	-$31.0M	-$35.3M-22384.7%	-$157K+95.4%	-$3.4M-107.9%	$43.2M+67.5%	$25.8M+307.7%	$6.3M	N/A	N/A
Net Income	-$121.9M	-$114.6M-1908.4%	-$5.7M+85.2%	-$38.6M-129.5%	$130.9M+65.6%	$79.1M+353.7%	$17.4M-53.2%	$37.3M+1814.9%	$1.9M
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	$2.79	N/A	N/A
EPS (Diluted)	—	N/A	N/A	N/A	N/A	N/A	$2.77	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	6M	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$530.7M-4.0%	$442.3M-8.5%	$380.6M+1.3%	$460.1M+21.8%	$552.9M+1.9%	$483.5M-1.0%	$375.8M+3.2%	$377.9M-16.2%
Cost of Revenue	$403.2M-4.9%	$336.8M-9.7%	$291.2M-0.2%	$356.2M+24.0%	$424.2M+3.5%	$373.1M+1.4%	$291.8M+7.0%	$287.2M-13.5%
Gross Profit	$127.5M-0.9%	$105.5M-4.4%	$89.4M+6.4%	$103.9M+14.6%	$128.7M-3.0%	$110.4M-8.3%	$84.1M-8.1%	$90.7M-23.8%
SG&A Expenses	$87.2M-5.3%	$85.7M-2.4%	$81.3M+2.9%	$84.3M+6.0%	$92.1M+5.8%	$87.8M+1.5%	$79.1M-0.7%	$79.5M-6.1%
Operating Income	$35.6M+17.3%	$7.6M-53.1%	-$5.2M-162.2%	-$130.1M-2996.2%	$30.4M-24.1%	$16.3M+17.4%	-$2.0M-130.5%	$4.5M+103.8%
EBITDA	$39.7M+8.3%	$11.8M-47.4%	-$184K-104.5%	-$124.2M-1291.2%	$36.7M-19.9%	$22.4M+15.6%	$4.1M-64.3%	$10.4M+109.5%
Interest Expense	$7.1M-21.8%	$7.3M-19.3%	$8.6M-3.9%	$9.1M-6.6%	$9.0M+0.4%	$9.1M-1.0%	$9.0M-1.8%	$9.7M+4.4%
Income Tax	$10.3M+193.5%	$5.5M+3833.8%	-$13.4M-154.3%	-$33.4M-1303.9%	$3.5M-44.7%	-$148K+92.0%	-$5.3M-131.2%	-$2.4M+90.4%
Net Income	$11.7M+8.9%	-$12.9M-3405.7%	-$7.7M+35.6%	-$113.0M-1121.3%	$10.7M-27.0%	-$368K+90.7%	-$12.0M-67.0%	-$9.2M+90.6%

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

ONEW Balance Sheet

ONEW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$1.4B-11.7%	$1.6B-5.9%	$1.7B+12.8%	$1.5B+107.8%	$720.6M+57.3%	$458.1M-9.2%	$504.8M	N/A
Current Assets	$719.2M-7.5%	$777.4M-11.9%	$881.9M+55.6%	$566.9M+101.8%	$280.9M+11.5%	$252.1M-19.8%	$314.1M	N/A
Cash & Equivalents	$64.8M+137.1%	$27.3M-70.7%	$93.3M+53.1%	$60.9M-17.6%	$73.9M+8.5%	$68.2M+493.0%	$11.5M-27.1%	$15.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$539.8M-8.6%	$590.8M-3.1%	$609.6M+63.5%	$373.0M+159.2%	$143.9M-4.2%	$150.1M-45.9%	$277.3M	N/A
Accounts Receivable	$60.9M-16.9%	$73.3M-35.3%	$113.2M+95.3%	$58.0M+103.2%	$28.5M+54.4%	$18.5M+20.8%	$15.3M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$259.0M-23.1%	$336.6M0.0%	$336.6M-11.1%	$378.6M+124.7%	$168.5M+49.0%	$113.1M0.0%	$113.1M+17.5%	$96.2M
Total Liabilities	$1.1B-6.7%	$1.2B-5.9%	$1.3B+21.1%	$1.1B+126.0%	$465.8M+63.6%	$284.8M-25.2%	$380.8M	N/A
Current Liabilities	$631.3M+3.9%	$607.7M-9.2%	$669.0M+48.0%	$452.1M+98.6%	$227.6M+22.6%	$185.7M-29.5%	$263.5M	N/A
Non-Current Liabilities	$487.6M-17.6%	$591.5M-2.4%	$606.1M+0.9%	$600.5M+152.1%	$238.2M+140.4%	$99.0M-15.5%	$117.3M	N/A
Long-Term Debt	$334.2M-19.5%	$414.9M-3.2%	$428.4M+1.7%	$421.2M+308.6%	$103.1M+25.7%	$82.0M+26.5%	$64.8M	N/A
Total Equity	$285.0M-21.0%	$360.8M+0.6%	$358.6M-6.9%	$385.3M+70.6%	$225.9M+83.9%	$122.9M+286.7%	$31.8M+50.9%	$21.1M
Retained Earnings	$45.0M-71.8%	$159.6M-3.5%	$165.4M-19.3%	$204.9M+173.3%	$75.0M+347.3%	$16.8M	$0	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$1.3B-15.3%	$1.4B-16.3%	$1.4B-10.5%	$1.4B-11.7%	$1.5B-5.8%	$1.6B-4.0%	$1.6B-4.8%	$1.6B-5.9%
Current Assets	$675.1M-8.8%	$732.6M-12.1%	$782.3M-1.9%	$719.2M-7.5%	$740.0M-10.0%	$833.7M-8.5%	$797.5M-10.1%	$777.4M-11.9%
Cash & Equivalents	$78.9M-3.7%	$76.5M+1.3%	$42.4M+16.1%	$64.8M+137.1%	$81.9M+57.7%	$75.6M+29.8%	$36.6M-32.5%	$27.3M-70.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$485.5M-6.1%	$551.4M-8.5%	$601.5M-5.5%	$539.8M-8.6%	$517.1M-13.6%	$602.4M-12.4%	$636.7M-9.9%	$590.8M-3.1%
Accounts Receivable	$64.5M-18.8%	$60.7M-33.8%	$39.6M-30.4%	$60.9M-16.9%	$79.5M-23.5%	$91.6M-16.8%	$56.9M+18.9%	$73.3M-35.3%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$259.0M-23.1%	$259.0M-23.1%	$259.0M-23.1%	$259.0M-23.1%	$336.6M0.0%	$336.6M0.0%	$336.6M0.0%	$336.6M0.0%
Total Liabilities	$1.0B-11.3%	$1.1B-12.3%	$1.2B-5.2%	$1.1B-6.7%	$1.1B-7.1%	$1.3B-5.1%	$1.2B-6.2%	$1.2B-5.9%
Current Liabilities	$553.6M-8.2%	$632.3M-9.3%	$690.0M+7.0%	$631.3M+3.9%	$603.3M-5.6%	$696.8M-7.1%	$644.9M-7.7%	$607.7M-9.2%
Non-Current Liabilities	$464.4M-14.6%	$474.1M-16.1%	$474.5M-18.6%	$487.6M-17.6%	$543.9M-8.8%	$565.3M-2.5%	$583.0M-4.4%	$591.5M-2.4%
Long-Term Debt	$324.2M-15.0%	$330.0M-17.6%	$325.8M-21.0%	$334.2M-19.5%	$381.5M-8.6%	$400.5M-2.5%	$412.6M-4.9%	$414.9M-3.2%
Total Equity	$286.1M-27.3%	$269.4M-29.4%	$277.5M-21.8%	$285.0M-21.0%	$393.2M+6.7%	$381.6M+8.5%	$354.8M+0.5%	$360.8M+0.6%
Retained Earnings	$36.0M-77.2%	$24.3M-83.5%	$37.2M-74.8%	$45.0M-71.8%	$158.0M-6.5%	$147.3M-4.5%	$147.7M-6.7%	$159.6M-3.5%

ONEW Cash Flow Statement

ONEW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$66.4M	$91.8M+163.4%	$34.8M+126.8%	-$129.8M-1842.4%	$7.4M-95.3%	$159.4M-25.0%	$212.5M+3811.4%	-$5.7M-34.7%	-$4.3M
Depreciation & Amortization	N/A	$24.4M+10.2%	$22.2M-17.2%	$26.8M+64.4%	$16.3M+201.2%	$5.4M+66.5%	$3.2M+21.1%	$2.7M+59.2%	$1.7M
Stock-Based Compensation	N/A	$10.5M+24.4%	$8.4M-5.8%	$9.0M-10.5%	$10.0M+74.4%	$5.7M+159.4%	$2.2M+1337.0%	$154K0.0%	$154K
Capital Expenditures	$9.7M	$12.0M-53.6%	$25.9M+22.0%	$21.3M+86.4%	$11.4M+15.2%	$9.9M+56.9%	$6.3M-13.5%	$7.3M-28.1%	$10.1M
Free Cash Flow	$56.8M	$79.7M+793.8%	$8.9M+105.9%	-$151.0M-3717.3%	-$4.0M-102.6%	$149.5M-27.5%	$206.2M+1684.0%	-$13.0M+9.5%	-$14.4M
Investing Cash Flow	$38.6M	-$11.6M-187.1%	$13.3M+125.8%	-$51.6M+89.2%	-$476.8M-307.1%	-$117.1M-2407.1%	-$4.7M+57.5%	-$11.0M+54.0%	-$23.9M
Financing Cash Flow	-$108.1M	-$42.6M+62.7%	-$114.1M-153.4%	$213.7M-53.2%	$456.4M+1350.5%	-$36.5M+75.9%	-$151.1M-1313.2%	$12.5M-63.6%	$34.3M
Dividends Paid	N/A	N/A	N/A	$0	$0-100.0%	$1.0M	$0	$0	N/A
Share Buybacks	N/A	$0	$0-100.0%	$1.6M+346.0%	$354K	$0	$0	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$80.4M-11.5%	$52.4M+84.3%	-$76.3M-103.7%	$9.9M-63.7%	$90.8M-3.2%	$28.5M+20.1%	-$37.4M+66.0%	$27.3M+516.0%
Depreciation & Amortization	$4.1M-35.3%	$4.2M-32.4%	$5.0M-17.3%	$5.9M0.0%	$6.3M+8.9%	$6.2M+10.9%	$6.0M+23.1%	$5.9M-22.6%
Stock-Based Compensation	$4.0M+62.9%	$2.8M+34.3%	$2.1M-1.6%	N/A	$2.5M	$2.1M	$2.2M-9.3%	N/A
Capital Expenditures	$2.8M+42.8%	$2.3M-52.4%	$1.9M-25.5%	$2.7M-34.7%	$1.9M-72.0%	$4.8M-51.9%	$2.6M-47.1%	$4.2M-1.9%
Free Cash Flow	$77.6M-12.7%	$50.2M+111.7%	-$78.2M-95.4%	$7.2M-68.9%	$88.9M+2.2%	$23.7M+71.7%	-$40.0M+65.2%	$23.2M+12285.6%
Investing Cash Flow	-$2.8M-30.3%	$46.3M+1305.4%	-$2.1M+25.3%	-$2.9M+32.8%	-$2.1M+82.6%	-$3.8M+61.7%	-$2.8M-107.0%	-$4.3M+12.2%
Financing Cash Flow	-$75.2M+8.6%	-$64.7M-549.4%	$56.0M+13.3%	-$24.2M+49.3%	-$82.3M+6.4%	$14.4M+249.3%	$49.4M+59.0%	-$47.6M-217.5%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

Not reported in any period shown, so not listed: Dividends Paid.

ONEW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ONEW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	22.8%-1.7pp	24.5%-3.1pp	27.6%-4.1pp	31.7%+2.6pp	29.1%+6.1pp	23.0%	N/A	N/A
Operating Margin	-4.6%-8.2pp	3.7%+2.7pp	0.9%-11.5pp	12.5%+0.4pp	12.1%+4.5pp	7.6%	N/A	N/A
Net Margin	-6.1%-5.8pp	-0.3%+1.7pp	-2.0%-9.5pp	7.5%+1.1pp	6.4%+4.7pp	1.7%	N/A	N/A
Return on Equity	-40.2%-38.6pp	-1.6%+9.2pp	-10.8%-44.7pp	34.0%-1.0pp	35.0%+20.8pp	14.2%-103.1pp	117.3%+108.0pp	9.2%
Return on Assets	-8.2%-7.8pp	-0.4%+1.9pp	-2.3%-11.0pp	8.7%-2.2pp	11.0%+7.2pp	3.8%-3.6pp	7.4%	N/A
Current Ratio	1.14-0.1x	1.280.0x	1.32+0.1x	1.250.0x	1.23-0.1x	1.36+0.2x	1.19	N/A
Debt-to-Equity	1.170.0x	1.150.0x	1.19+0.1x	1.09+0.6x	0.46-0.2x	0.67-1.4x	2.04	N/A
Asset Turnover	1.33+0.2x	1.110.0x	1.150.0x	1.17-0.5x	1.70-0.5x	2.23	N/A	N/A
FCF Margin	4.3%+3.8pp	0.5%+8.3pp	-7.8%-7.6pp	-0.2%-12.4pp	12.2%-8.0pp	20.2%	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	24.0%+0.8pp	23.9%+1.0pp	23.5%+1.1pp	22.6%-1.4pp	23.3%-1.2pp	22.8%-1.8pp	22.4%-2.7pp	24.0%-2.4pp
Operating Margin	6.7%+1.2pp	1.7%-1.6pp	-1.4%-0.8pp	-28.3%-29.5pp	5.5%-1.9pp	3.4%+0.5pp	-0.5%-2.3pp	1.2%+27.2pp
Net Margin	2.2%+0.3pp	-2.9%-2.8pp	-2.0%+1.2pp	-24.6%-22.1pp	1.9%-0.8pp	-0.1%+0.7pp	-3.2%-1.2pp	-2.5%+19.5pp
Return on Equity	4.1%+1.4pp	-4.8%-4.7pp	-2.8%+0.6pp	-39.6%-37.1pp	2.7%-1.3pp	-0.1%+1.0pp	-3.4%-1.3pp	-2.6%+25.0pp
Return on Assets	0.9%+0.2pp	-0.9%-0.9pp	-0.5%+0.2pp	-8.1%-7.5pp	0.7%-0.2pp	0.0%+0.2pp	-0.7%-0.3pp	-0.6%+5.3pp
Current Ratio	1.220.0x	1.160.0x	1.13-0.1x	1.14-0.1x	1.23-0.1x	1.200.0x	1.240.0x	1.280.0x
Debt-to-Equity	1.13+0.2x	1.22+0.2x	1.170.0x	1.170.0x	0.97-0.2x	1.05-0.1x	1.16-0.1x	1.150.0x
Asset Turnover	0.410.0x	0.320.0x	0.260.0x	0.33+0.1x	0.360.0x	0.290.0x	0.230.0x	0.240.0x
FCF Margin	14.6%-1.5pp	11.3%+6.5pp	-20.6%-9.9pp	1.6%-4.6pp	16.1%+0.1pp	4.9%+2.1pp	-10.7%+20.9pp	6.1%+6.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
OneWater Marine Inc. ONEW	FY2025	$1.9B	-$114.6M	-6.1%	$155.8M	29/100
Barnes & Noble Education, Inc BNED	FY2026	$1.7B	$16.9M	1.0%	$433.7M	40/100
BARK, Inc. BARK	FY2026	$394.8M	-$39.0M	-9.9%	$72.4M	39/100
Sportsman's Warehouse Holdings, Inc. SPWH	FY2025	$1.2B	-$50.1M	-4.1%	$43.1M	21/100
1-800-FLOWERS.COM Inc FLWS	FY2026	$1.5B	-$134.8M	-9.0%	$173.3M	23/100
GROW GENERATION CORP GRWG	FY2025	$161.7M	-$24.0M	-14.9%	$88.4M	38/100

Where OneWater Marine Inc. Ranks

Frequently Asked Questions

What is OneWater Marine Inc.'s annual revenue?

OneWater Marine Inc. (ONEW) reported $1.9B in total revenue for fiscal year 2025. This represents a 5.6% 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 OneWater Marine Inc.'s revenue growing?

OneWater Marine Inc. (ONEW) revenue grew by 5.6% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is OneWater Marine Inc. profitable?

No, OneWater Marine Inc. (ONEW) reported a net income of -$114.6M in fiscal year 2025, with a net profit margin of -6.1%.

What is OneWater Marine Inc.'s EBITDA?

OneWater Marine Inc. (ONEW) had EBITDA of -$61.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does OneWater Marine Inc. have?

As of fiscal year 2025, OneWater Marine Inc. (ONEW) had $64.8M in cash and equivalents against $334.2M in long-term debt.

What is OneWater Marine Inc.'s gross margin?

OneWater Marine Inc. (ONEW) had a gross margin of 22.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is OneWater Marine Inc.'s operating margin?

OneWater Marine Inc. (ONEW) had an operating margin of -4.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is OneWater Marine Inc.'s net profit margin?

OneWater Marine Inc. (ONEW) had a net profit margin of -6.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is OneWater Marine Inc.'s return on equity (ROE)?

OneWater Marine Inc. (ONEW) has a return on equity of -40.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is OneWater Marine Inc.'s free cash flow?

OneWater Marine Inc. (ONEW) generated $79.7M in free cash flow during fiscal year 2025. This represents a 793.8% 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 OneWater Marine Inc.'s operating cash flow?

OneWater Marine Inc. (ONEW) generated $91.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are OneWater Marine Inc.'s total assets?

OneWater Marine Inc. (ONEW) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are OneWater Marine Inc.'s capital expenditures?

OneWater Marine Inc. (ONEW) invested $12.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is OneWater Marine Inc.'s current ratio?

OneWater Marine Inc. (ONEW) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.

What is OneWater Marine Inc.'s debt-to-equity ratio?

OneWater Marine Inc. (ONEW) had a debt-to-equity ratio of 1.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is OneWater Marine Inc.'s return on assets (ROA)?

OneWater Marine Inc. (ONEW) had a return on assets of -8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is OneWater Marine Inc.'s P/E ratio?

OneWater Marine Inc. (ONEW) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $155.8M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is OneWater Marine Inc.'s price-to-sales ratio?

OneWater Marine Inc. (ONEW) trades at 0.1x sales, its market capitalization divided by revenue of $1.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $155.8M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is OneWater Marine Inc.'s Altman Z-Score?

OneWater Marine Inc. (ONEW) has an Altman Z-Score of 1.34, placing it in the Distress Zone (elevated 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 OneWater Marine Inc.'s Piotroski F-Score?

OneWater Marine Inc. (ONEW) has a Piotroski F-Score of 4 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 OneWater Marine Inc.'s earnings high quality?

OneWater Marine Inc. (ONEW) reported a net loss of $114.6M while generating $91.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 OneWater Marine Inc. cover its interest payments?

OneWater Marine Inc. (ONEW) reported an operating loss of $85.5M against $36.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 OneWater Marine Inc.?

OneWater Marine Inc. (ONEW) scores 29 out of 100 on our Financial Health Score, indicating weak 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.