Here are the 10-K annual reports from OneWater Marine Inc. (ONEW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ONEW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ONEW filings page.
OneWater Marine Inc. reports on a year in which it operated 95 dealerships and 9 distribution centers, positioning itself as one of the largest marine retailers in the United States. The company runs two segments: Dealerships, which generated approximately 92% of fiscal 2025 revenue, and Distribution, which contributed about 8%.
In fiscal 2025, OneWater sold over 9,500 new and pre-owned boats. New boat sales produced approximately $1,158.2 million, or 61.9% of consolidated revenue, while pre-owned boat sales generated about $363.9 million, or 19.4%. Service, parts & other contributed roughly $295.3 million, or 15.8%, and finance & insurance fee income added about $55.0 million, or 2.9% of revenue. Non-boat sales represented 18.7% of revenue but 41.7% of gross profit, underscoring their higher-margin profile.
The company pursues growth through same-store sales, expansion of higher-margin non-boat offerings, a stronger digital presence, and acquisitions; since 2014 it has completed 35 acquisitions encompassing 83 dealerships and 12 distribution centers. During 2025, OneWater simplified its structure so that it now owns 100.0% of its main operating subsidiary and implemented leadership changes, with founder P. Austin Singleton becoming Executive Chairman and long-time executive Anthony Aisquith assuming the Chief Executive Officer role.