ONEWNasdaqRetail-Auto & Home Supply StoresFiscal year ends September 30
OneWater Marine Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$9.35−0.10 (-1.06%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
22.8%−0.2 pts over 5 years
Operating margin
-4.6%−12.2 pts over 5 years
Net margin
-6.1%−7.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.6% | +2.4% | +12.9% | – | |
| Gross profit | -1.8% | -8.3% | +12.6% | – | |
| Free cash flow | +793.8% | – | -17.3% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 22.5% | -35.5% | |
| Return on assets | – | 3.6% | -7.7% | |
| Current ratio | – | 1.36 | 1.14 | |
| Debt to equity | – | 0.73 | 1.45 | |
| Net debt to EBITDA | – | 0.26× | -5.90× | |
| Interest coverage | – | 8.9× | -2.4× | |
| Inventory turnover | – | 3.7× | 2.6× | |
| Capex to revenue | – | 0.6% | 0.6% |
Where the cash went
Fiscal 2021 to 2025, five years combined
OneWater Marine generated $423.22M from operations and spent $83.46M on capital expenditure, dividends and share buybacks. 96% of that went back into the business.
Generated
$423.22M
Used
$83.46M
Capital expenditure$80.49M96%Dividends$1.04M1%Share buybacks$1.93M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.1%
×Asset turnover1.25×
×Equity multiplier4.64×
=Return on equity, FY2025-35.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.1% | 1.25× | 4.64× | -35.5% |
| FY2024 | -0.3% | 1.08× | 4.56× | -1.6% |
| FY2023 | -2.0% | 1.22× | 4.28× | -10.4% |
| FY2022 | 7.5% | 1.57× | 3.63× | 42.8% |
| FY2021 | 6.4% | 2.08× | 3.38× | 45.3% |
| FY2020 | 1.7% | 2.12× | 6.23× | 22.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$114.58M
- Cash generatingOperating cash flow above zero$91.75M
- Return on assets improvedROA up on the prior year-0.3% → -7.2%
- Earnings backed by cashOperating cash flow above net income$91.75M vs -$114.58M
- Less leverageLong-term debt to assets fell26.1% → 23.8%
- Better liquidityCurrent ratio rose1.28 → 1.14
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year24.54% → 22.81%
- More efficientAsset turnover rose1.05 → 1.18