OneWater Marine (ONEW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

OneWater Marine

NasdaqGM•Consumer Cyclical•Specialty Retail

$12.70+0.87(0.07%)Market closed

Market Cap

$159.87M

P/S

0.1x

P/B

0.6x

OneWater Marine Inc. operates as a recreational marine retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products comprising parts and accessories. It also provides boat repair and maintenance services; and other ancillary services, including indoor and outdoor storage, and marina services. In addition, the company arranges related boat financing, insurance, and extended service contracts for customers with third-party lenders and insurance companies. Further, it is involved in the rental of boats and personal watercraft. OneWater Marine Inc. was founded in 2014 and is headquartered in Buford, Georgia.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Cash & Earnings Quality (14/25); weakest: Profitability (7/25).

Profitability7/25

Growth10/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality14/25

Strengths

Cash-backed earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.3x5y range 2.5x – 4.3x

Currently above its 8-quarter median.

P/S · 0.1x5y range 0.1x – 0.2x

Currently below its 20-quarter median.

P/B · 0.6x5y range 0.6x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 322.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $159.87M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.81B
Q. Revenue: $530.71M
TTM EBITDA: $-74.15M
TTM Op. Income: $-92.02M
Q. Op. Income: $35.65M
TTM Net Income: $-121.90M
Q. Net Income: $11.67M
EPS: $0.7
Shares Out.: $16.62M

$1.81B in TTM revenue grew 1.3% YoY, reaching $530.71M last quarter. TTM EBITDA of $-74.15M and TTM operating income of $-92.02M show growth is flowing through to the bottom line. However, net income is negative at $121.90M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 24.0%
EBITDA Margin: 7.5%
Op. Margin: 6.7%
Net Margin: 2.2%

Op. margin of 6.7% is up 1.2% YoY — cost efficiency is improving. Net margin at 2.2% and gross margin of 24.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.1x
P/B Ratio: 0.6x

P/S of 0.1x and P/B of 0.6x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.30B
Cash: $68.70M
Long-Term Debt: $324.23M
Book Value: $286.05M
D/E Ratio: 1.1
Debt/EBITDA: 8.2

With $1.30B in assets and $324.23M in long-term debt, D/E is 1.1and book value is $286.05M — moderate leverage. Over the past year, debt/equity is up 17% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $80.36M
TTM Free Cash Flow: $56.75M
FCF Margin: 3.1%
FCF / Net Income: -0.5

TTM FCF of $56.75M on $80.36M in operating cash flow. The FCF / Net Income ratio of -0.5x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 41% — a weakening trend.