OneWater Marine Inc. (ONEW) 10-Year Financial Performance & Capital Metrics

ONEW • • Industrial / General

Consumer CyclicalRecreational VehiclesMarine Retail & ServicesMarine Retailers & Dealers

AboutOneWater Marine Inc. operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It also provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft. As of September 30, 2021, it operated 70 stores in 11 states, including Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio and New Jersey. OneWater Marine Inc. was founded in 2014 and is headquartered in Buford, Georgia.Show more

Revenue $1.77B -8.5%
EBITDA $87M +94.0%
Net Income -$6M +85.2%
EPS (Diluted) -0.39 +85.5%
Gross Margin 24.54% -11.2%
EBITDA Margin 4.91% +111.9%
Operating Margin 3.66% +291.9%
Net Margin -0.32% +83.9%
ROE -1.42% +84.2%
ROIC 3.48% +240.3%
Debt/Equity 2.58 -1.5%
Interest Coverage 0.91 +200.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.2%
✓Healthy dividend yield of 2.7%
✓Trading at only 0.5x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y18.22%

3Y13.01%

TTM-3.02%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM88.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM87.77%

ROCE

10Y Avg21.31%

5Y Avg21.19%

3Y Avg12.18%

Latest6.47%

Peer Comparison

Marine Retailers & Dealers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ONEWOneWater Marine Inc.	229.11M	13.83	-35.46	-8.45%	-0.61%	-2.77%	3.89%	2.58

Profit & Loss

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	391.48M	602.8M	767.62M	1.02B	1.23B	1.74B	1.94B	1.77B
Revenue Growth %	-	0.54%	0.27%	0.33%	0.2%	0.42%	0.11%	-0.08%
Cost of Goods Sold+	305.78M	465.15M	595.5M	787.45M	870.75M	1.19B	1.4B	1.34B
COGS % of Revenue	0.78%	0.77%	0.78%	0.77%	0.71%	0.68%	0.72%	0.75%
Gross Profit+	85.7M	137.65M	172.13M	235.52M	357.45M	553.65M	535.13M	435.06M
Gross Margin %	0.22%	0.23%	0.22%	0.23%	0.29%	0.32%	0.28%	0.25%
Gross Profit Growth %	-	0.61%	0.25%	0.37%	0.52%	0.55%	-0.03%	-0.19%
Operating Expenses+	66.41M	92.98M	119.19M	157.23M	208.58M	335.82M	517.06M	370.25M
OpEx % of Revenue	0.17%	0.15%	0.16%	0.15%	0.17%	0.19%	0.27%	0.21%
Selling, General & Admin	65.35M	91.3M	116.5M	143.57M	199.05M	302.11M	345.52M	332.68M
SG&A % of Revenue	0.17%	0.15%	0.15%	0.14%	0.16%	0.17%	0.18%	0.19%
Research & Development	0	0	0	0	0	0	2.16M	0
R&D % of Revenue	-	-	-	-	-	-	0%	-
Other Operating Expenses	-217K	269.19K	2.68M	13.66M	9.53M	33.71M	169.38M	37.56M
Operating Income+	19.29M	44.67M	54.62M	78.29M	148.88M	217.83M	18.07M	64.82M
Operating Margin %	0.05%	0.07%	0.07%	0.08%	0.12%	0.12%	0.01%	0.04%
Operating Income Growth %	-	1.32%	0.22%	0.43%	0.9%	0.46%	-0.92%	2.59%
EBITDA+	20.35M	46.36M	57.3M	81.54M	154.29M	234.03M	44.86M	87M
EBITDA Margin %	0.05%	0.08%	0.07%	0.08%	0.13%	0.13%	0.02%	0.05%
EBITDA Growth %	-	1.28%	0.24%	0.42%	0.89%	0.52%	-0.81%	0.94%
D&A (Non-Cash Add-back)	1.06M	1.68M	2.68M	3.25M	5.41M	16.2M	26.79M	22.19M
EBIT	693.18K	11.32M	52.94M	72.53M	153M	235.94M	17.11M	64.8M
Net Interest Income+	-4.95M	-9.37M	-15.96M	-17.69M	-6.91M	-17.85M	-59.64M	-71.14M
Interest Income	0	0	0	0	0	0	0	0
Interest Expense	4.95M	9.37M	15.96M	17.69M	6.91M	17.85M	59.64M	71.14M
Other Income/Expense	-23.55M	-42.29M	-16.03M	-23.45M	-6.66M	-22M	-60.59M	-71.15M
Pretax Income+	-4.26M	1.95M	37.26M	54.84M	142.22M	195.84M	-42.52M	-6.33M
Pretax Margin %	-0.01%	0%	0.05%	0.05%	0.12%	0.11%	-0.02%	-0%
Income Tax+	0	-33.36M	16.17M	6.33M	25.8M	43.23M	-3.41M	-157K
Effective Tax Rate %	1%	0.57%	0.57%	0.32%	0.56%	0.67%	0.91%	0.9%
Net Income+	-4.27M	1.12M	21.1M	17.43M	79.06M	130.94M	-38.59M	-5.71M
Net Margin %	-0.01%	0%	0.03%	0.02%	0.06%	0.08%	-0.02%	-0%
Net Income Growth %	-	1.26%	17.89%	-0.17%	3.54%	0.66%	-1.29%	0.85%
Net Income (Continuing)	-4.26M	1.95M	37.26M	48.51M	116.41M	152.61M	-39.11M	-6.18M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	1.76M	5.09M	6.2M	50.43M	28.91M	59.55M	55.47M	29.94M
EPS (Diluted)+	-0.79	0.21	3.47	7.72	10.25	9.13	-2.69	-0.39
EPS Growth %	-	1.27%	15.52%	1.22%	0.33%	-0.11%	-1.29%	0.86%
EPS (Basic)	-0.79	0.21	3.47	7.77	10.50	9.44	-2.69	-0.39
Diluted Shares Outstanding	5.4M	5.4M	6.08M	6.29M	11.36M	14.34M	14.33M	14.59M
Basic Shares Outstanding	5.4M	5.4M	6.08M	6.24M	11.09M	13.88M	14.33M	14.59M
Dividend Payout Ratio	-	2.92%	0.53%	1.08%	0.41%	0.07%	-	-

Balance Sheet

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	132.05M	212.51M	314.09M	252.06M	280.94M	566.89M	881.9M	777.37M
Cash & Short-Term Investments	9.66M	15.35M	11.11M	66.09M	62.61M	42.07M	84.65M	16.85M
Cash Only	9.66M	15.35M	11.11M	66.09M	62.61M	42.07M	84.65M	16.85M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	5.85M	10.89M	15.29M	18.48M	28.53M	57.96M	117.58M	77.47M
Days Sales Outstanding	5.45	6.59	7.27	6.59	8.48	12.12	22.16	15.95
Inventory	115.35M	184.36M	277.34M	150.12M	143.88M	372.96M	609.62M	590.84M
Days Inventory Outstanding	137.69	144.67	169.99	69.59	60.31	114.28	158.8	161.23
Other Current Assets	7.43K	412K	2.98M	2.07M	11.34M	18.88M	8.66M	8.87M
Total Non-Current Assets+	126.29M	162.85M	190.66M	206.01M	439.68M	930.54M	807.26M	812.62M
Property, Plant & Equipment	9.36M	18.59M	15.95M	18.44M	156.25M	233.67M	217.2M	232.05M
Fixed Asset Turnover	41.84x	32.43x	48.11x	55.47x	7.86x	7.47x	8.91x	7.64x
Goodwill	81.93M	96.18M	113.06M	113.06M	168.49M	378.59M	336.6M	336.6M
Intangible Assets	34.71M	47.73M	61.3M	61.3M	85.29M	306.47M	212.32M	205.39M
Long-Term Investments	0	0	0	0	0	0	326K	128K
Other Non-Current Assets	298.62K	347.42K	345K	350K	526K	3.38M	5.74M	1.17M
Total Assets+	258.35M	375.36M	504.75M	458.07M	720.61M	1.5B	1.69B	1.59B
Asset Turnover	1.52x	1.61x	1.52x	2.23x	1.70x	1.17x	1.15x	1.11x
Asset Growth %	-	0.45%	0.34%	-0.09%	0.57%	1.08%	0.13%	-0.06%
Total Current Liabilities+	113.28M	179.68M	263.49M	185.74M	227.63M	452.1M	668.95M	607.72M
Accounts Payable	5.78M	6.34M	5.55M	12.78M	18.11M	27.31M	27.11M	32.11M
Days Payables Outstanding	6.9	4.97	3.4	5.92	7.59	8.37	7.06	8.76
Short-Term Debt	99.86M	159.37M	236.5M	131.45M	126.08M	288.75M	518.35M	451.26M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	5.29M	3.58M	12.57M	13.27M	0	2.36M	73.11M	44.69M
Current Ratio	1.17x	1.18x	1.19x	1.36x	1.23x	1.25x	1.32x	1.28x
Quick Ratio	0.15x	0.16x	0.14x	0.55x	0.60x	0.43x	0.41x	0.31x
Cash Conversion Cycle	136.24	146.29	173.86	70.26	61.2	118.04	173.9	168.42
Total Non-Current Liabilities+	116.99M	174.63M	203.29M	99.04M	238.15M	600.45M	606.13M	591.52M
Long-Term Debt	25.36M	39.95M	64.79M	81.98M	103.07M	421.16M	428.44M	414.93M
Capital Lease Obligations	0	0	0	0	80.46M	112.13M	123.31M	126M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	91.63M	134.67M	138.5M	17.07M	54.61M	67.17M	54.38M	50.58M
Total Liabilities	230.27M	354.3M	466.79M	284.78M	465.78M	1.05B	1.28B	1.2B
Total Debt+	125.22M	199.33M	301.29M	213.43M	318.78M	835.02M	1.08B	1.01B
Net Debt	115.56M	183.98M	290.18M	147.34M	256.17M	792.95M	1B	991.05M
Debt / Equity	4.46x	9.47x	7.94x	1.23x	1.25x	1.88x	2.62x	2.58x
Debt / EBITDA	6.15x	4.30x	5.26x	2.62x	2.07x	3.57x	24.18x	11.58x
Net Debt / EBITDA	5.68x	3.97x	5.06x	1.81x	1.66x	3.39x	22.29x	11.39x
Interest Coverage	3.90x	4.77x	3.42x	4.43x	21.55x	12.20x	0.30x	0.91x
Total Equity+	28.07M	21.06M	37.97M	173.29M	254.83M	444.88M	414.08M	390.75M
Equity Growth %	-	-0.25%	0.8%	3.56%	0.47%	0.75%	-0.07%	-0.06%
Book Value per Share	5.20	3.90	6.24	27.56	22.43	31.03	28.90	26.79
Total Shareholders' Equity	26.31M	15.96M	31.77M	122.85M	225.93M	385.32M	358.61M	360.81M
Common Stock	26.31M	15.96M	31.77M	150K	151K	156K	158K	161K
Retained Earnings	3.62M	3.4M	0	16.76M	74.95M	204.88M	165.43M	159.63M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	-1.49M	-3.08M	-5.32M	0	0	-7K	1K	-1.9M
Minority Interest	1.76M	5.09M	6.2M	50.43M	28.91M	59.55M	55.47M	29.94M

Cash Flow

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	6.51M	-4.65M	-5.7M	212.48M	159.42M	7.45M	-129.76M	34.84M
Operating CF Margin %	0.02%	-0.01%	-0.01%	0.21%	0.13%	0%	-0.07%	0.02%
Operating CF Growth %	-	-1.71%	-0.22%	38.29%	-0.25%	-0.95%	-18.42%	1.27%
Net Income	-4.26M	1.95M	37.26M	48.51M	116.41M	152.61M	-39.11M	-6.18M
Depreciation & Amortization	1.05M	1.68M	2.68M	3.25M	5.41M	16.3M	26.79M	22.19M
Stock-Based Compensation	432K	153.98K	154K	2.21M	5.74M	10.01M	8.96M	8.44M
Deferred Taxes	18.18M	32.93M	35K	509K	3.73M	5.74M	-23.03M	-334K
Other Non-Cash Items	554K	2.44M	1.8M	11.79M	3.44M	15.08M	157.34M	4.63M
Working Capital Changes	-9.45M	-43.81M	-47.64M	146.2M	24.69M	-192.29M	-260.71M	6.08M
Change in Receivables	-1.75M	-4.74M	-2.34M	-3.19M	-9.53M	-3.71M	-10.05M	-1.48M
Change in Inventory	-13.28M	-39.86M	-38.95M	127.21M	25.29M	-167.18M	-232.28M	24.64M
Change in Payables	1.79M	9K	-966K	7.24M	-26K	6.42M	197K	233K
Cash from Investing+	-23.3M	-23.92M	-11M	-4.67M	-117.13M	-476.84M	-51.6M	13.32M
Capital Expenditures	-4.11M	-10.13M	-7.29M	-6.31M	-9.9M	-15.65M	-24.07M	-25.92M
CapEx % of Revenue	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	61K	0	15.7M	1.64M	233K	345K	567K	44.95M
Cash from Financing+	16.99M	34.26M	12.46M	-151.14M	-36.5M	456.4M	213.72M	-114.11M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	-47.2M	-3.26M	-14.45M	-109.4M	-32.08M	-9.48M	-3.6M	-5.42M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-1.2M	34.37M	23.05M	-105.72M	-25.54M	-11.09M	-10.48M	-29.59M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	2.4M	-14.79M	-12.99M	206.17M	149.53M	-8.2M	-153.83M	8.92M
FCF Margin %	0.01%	-0.02%	-0.02%	0.2%	0.12%	-0%	-0.08%	0.01%
FCF Growth %	-	-7.16%	0.12%	16.87%	-0.27%	-1.05%	-17.76%	1.06%
FCF per Share	0.45	-2.74	-2.14	32.79	13.16	-0.57	-10.74	0.61
FCF Conversion (FCF/Net Income)	-1.52x	-4.17x	-0.27x	12.19x	2.02x	0.06x	3.36x	-6.11x
Interest Paid	0	0	0	17.21M	6.25M	14.6M	49.51M	75.96M
Taxes Paid	0	0	0	246K	28.54M	35.23M	23.32M	5.5M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-15.22%	4.55%	71.48%	16.5%	36.93%	37.43%	-8.99%	-1.42%
Return on Invested Capital (ROIC)	-	19.22%	15.36%	18.1%	26.85%	18.68%	1.02%	3.48%
Gross Margin	21.89%	22.84%	22.42%	23.02%	29.1%	31.73%	27.64%	24.54%
Net Margin	-1.09%	0.19%	2.75%	1.7%	6.44%	7.5%	-1.99%	-0.32%
Debt / Equity	4.46x	9.47x	7.94x	1.23x	1.25x	1.88x	2.62x	2.58x
Interest Coverage	3.90x	4.77x	3.42x	4.43x	21.55x	12.20x	0.30x	0.91x
FCF Conversion	-1.52x	-4.17x	-0.27x	12.19x	2.02x	0.06x	3.36x	-6.11x
Revenue Growth	-	53.98%	27.34%	33.26%	20.06%	42.06%	10.97%	-8.45%

Revenue by Segment

	2022	2023	2024
New Sales	1.14B	1.22B	1.12B
New Sales Growth	-	7.40%	-8.61%
Pre-Owned	294.83M	334.48M	312.19M
Pre-Owned Growth	-	13.45%	-6.66%
Service, Parts & Other	254.68M	321.82M	290.65M
Service, Parts & Other Growth	-	26.36%	-9.68%
Finance And Insurance Income	-	56.33M	51.49M
Finance And Insurance Income Growth	-	-	-8.58%
Finance and Insurance Income	55.98M	-	-
Finance and Insurance Income Growth	-	-	-

Frequently Asked Questions

Growth & Financials

OneWater Marine Inc. (ONEW) reported $1.79B in revenue for fiscal year 2024. This represents a 357% increase from $391.5M in 2017.

OneWater Marine Inc. (ONEW) saw revenue decline by 8.5% over the past year.

OneWater Marine Inc. (ONEW) reported a net loss of $10.9M for fiscal year 2024.

Dividend & Returns

Yes, OneWater Marine Inc. (ONEW) pays a dividend with a yield of 2.68%. This makes it attractive for income-focused investors.

OneWater Marine Inc. (ONEW) has a return on equity (ROE) of -1.4%. Negative ROE indicates the company is unprofitable.

OneWater Marine Inc. (ONEW) generated $95.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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OneWater Marine Inc. (ONEW) 10-Year Financial Performance & Capital Metrics

ONEW • • Industrial / General

Consumer CyclicalRecreational VehiclesMarine Retail & ServicesMarine Retailers & Dealers

Revenue $1.77B -8.5%
EBITDA $87M +94.0%
Net Income -$6M +85.2%
EPS (Diluted) -0.39 +85.5%
Gross Margin 24.54% -11.2%
EBITDA Margin 4.91% +111.9%
Operating Margin 3.66% +291.9%
Net Margin -0.32% +83.9%
ROE -1.42% +84.2%
ROIC 3.48% +240.3%
Debt/Equity 2.58 -1.5%
Interest Coverage 0.91 +200.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.2%
✓Healthy dividend yield of 2.7%
✓Trading at only 0.5x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y18.22%

3Y13.01%

TTM-3.02%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM88.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM87.77%

ROCE

10Y Avg21.31%

5Y Avg21.19%

3Y Avg12.18%

Latest6.47%

Peer Comparison

Marine Retailers & Dealers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ONEWOneWater Marine Inc.	229.11M	13.83	-35.46	-8.45%	-0.61%	-2.77%	3.89%	2.58

Profit & Loss

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	391.48M	602.8M	767.62M	1.02B	1.23B	1.74B	1.94B	1.77B
Revenue Growth %	-	0.54%	0.27%	0.33%	0.2%	0.42%	0.11%	-0.08%
Cost of Goods Sold+	305.78M	465.15M	595.5M	787.45M	870.75M	1.19B	1.4B	1.34B
COGS % of Revenue	0.78%	0.77%	0.78%	0.77%	0.71%	0.68%	0.72%	0.75%
Gross Profit+	85.7M	137.65M	172.13M	235.52M	357.45M	553.65M	535.13M	435.06M
Gross Margin %	0.22%	0.23%	0.22%	0.23%	0.29%	0.32%	0.28%	0.25%
Gross Profit Growth %	-	0.61%	0.25%	0.37%	0.52%	0.55%	-0.03%	-0.19%
Operating Expenses+	66.41M	92.98M	119.19M	157.23M	208.58M	335.82M	517.06M	370.25M
OpEx % of Revenue	0.17%	0.15%	0.16%	0.15%	0.17%	0.19%	0.27%	0.21%
Selling, General & Admin	65.35M	91.3M	116.5M	143.57M	199.05M	302.11M	345.52M	332.68M
SG&A % of Revenue	0.17%	0.15%	0.15%	0.14%	0.16%	0.17%	0.18%	0.19%
Research & Development	0	0	0	0	0	0	2.16M	0
R&D % of Revenue	-	-	-	-	-	-	0%	-
Other Operating Expenses	-217K	269.19K	2.68M	13.66M	9.53M	33.71M	169.38M	37.56M
Operating Income+	19.29M	44.67M	54.62M	78.29M	148.88M	217.83M	18.07M	64.82M
Operating Margin %	0.05%	0.07%	0.07%	0.08%	0.12%	0.12%	0.01%	0.04%
Operating Income Growth %	-	1.32%	0.22%	0.43%	0.9%	0.46%	-0.92%	2.59%
EBITDA+	20.35M	46.36M	57.3M	81.54M	154.29M	234.03M	44.86M	87M
EBITDA Margin %	0.05%	0.08%	0.07%	0.08%	0.13%	0.13%	0.02%	0.05%
EBITDA Growth %	-	1.28%	0.24%	0.42%	0.89%	0.52%	-0.81%	0.94%
D&A (Non-Cash Add-back)	1.06M	1.68M	2.68M	3.25M	5.41M	16.2M	26.79M	22.19M
EBIT	693.18K	11.32M	52.94M	72.53M	153M	235.94M	17.11M	64.8M
Net Interest Income+	-4.95M	-9.37M	-15.96M	-17.69M	-6.91M	-17.85M	-59.64M	-71.14M
Interest Income	0	0	0	0	0	0	0	0
Interest Expense	4.95M	9.37M	15.96M	17.69M	6.91M	17.85M	59.64M	71.14M
Other Income/Expense	-23.55M	-42.29M	-16.03M	-23.45M	-6.66M	-22M	-60.59M	-71.15M
Pretax Income+	-4.26M	1.95M	37.26M	54.84M	142.22M	195.84M	-42.52M	-6.33M
Pretax Margin %	-0.01%	0%	0.05%	0.05%	0.12%	0.11%	-0.02%	-0%
Income Tax+	0	-33.36M	16.17M	6.33M	25.8M	43.23M	-3.41M	-157K
Effective Tax Rate %	1%	0.57%	0.57%	0.32%	0.56%	0.67%	0.91%	0.9%
Net Income+	-4.27M	1.12M	21.1M	17.43M	79.06M	130.94M	-38.59M	-5.71M
Net Margin %	-0.01%	0%	0.03%	0.02%	0.06%	0.08%	-0.02%	-0%
Net Income Growth %	-	1.26%	17.89%	-0.17%	3.54%	0.66%	-1.29%	0.85%
Net Income (Continuing)	-4.26M	1.95M	37.26M	48.51M	116.41M	152.61M	-39.11M	-6.18M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	1.76M	5.09M	6.2M	50.43M	28.91M	59.55M	55.47M	29.94M
EPS (Diluted)+	-0.79	0.21	3.47	7.72	10.25	9.13	-2.69	-0.39
EPS Growth %	-	1.27%	15.52%	1.22%	0.33%	-0.11%	-1.29%	0.86%
EPS (Basic)	-0.79	0.21	3.47	7.77	10.50	9.44	-2.69	-0.39
Diluted Shares Outstanding	5.4M	5.4M	6.08M	6.29M	11.36M	14.34M	14.33M	14.59M
Basic Shares Outstanding	5.4M	5.4M	6.08M	6.24M	11.09M	13.88M	14.33M	14.59M
Dividend Payout Ratio	-	2.92%	0.53%	1.08%	0.41%	0.07%	-	-

Balance Sheet

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	132.05M	212.51M	314.09M	252.06M	280.94M	566.89M	881.9M	777.37M
Cash & Short-Term Investments	9.66M	15.35M	11.11M	66.09M	62.61M	42.07M	84.65M	16.85M
Cash Only	9.66M	15.35M	11.11M	66.09M	62.61M	42.07M	84.65M	16.85M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	5.85M	10.89M	15.29M	18.48M	28.53M	57.96M	117.58M	77.47M
Days Sales Outstanding	5.45	6.59	7.27	6.59	8.48	12.12	22.16	15.95
Inventory	115.35M	184.36M	277.34M	150.12M	143.88M	372.96M	609.62M	590.84M
Days Inventory Outstanding	137.69	144.67	169.99	69.59	60.31	114.28	158.8	161.23
Other Current Assets	7.43K	412K	2.98M	2.07M	11.34M	18.88M	8.66M	8.87M
Total Non-Current Assets+	126.29M	162.85M	190.66M	206.01M	439.68M	930.54M	807.26M	812.62M
Property, Plant & Equipment	9.36M	18.59M	15.95M	18.44M	156.25M	233.67M	217.2M	232.05M
Fixed Asset Turnover	41.84x	32.43x	48.11x	55.47x	7.86x	7.47x	8.91x	7.64x
Goodwill	81.93M	96.18M	113.06M	113.06M	168.49M	378.59M	336.6M	336.6M
Intangible Assets	34.71M	47.73M	61.3M	61.3M	85.29M	306.47M	212.32M	205.39M
Long-Term Investments	0	0	0	0	0	0	326K	128K
Other Non-Current Assets	298.62K	347.42K	345K	350K	526K	3.38M	5.74M	1.17M
Total Assets+	258.35M	375.36M	504.75M	458.07M	720.61M	1.5B	1.69B	1.59B
Asset Turnover	1.52x	1.61x	1.52x	2.23x	1.70x	1.17x	1.15x	1.11x
Asset Growth %	-	0.45%	0.34%	-0.09%	0.57%	1.08%	0.13%	-0.06%
Total Current Liabilities+	113.28M	179.68M	263.49M	185.74M	227.63M	452.1M	668.95M	607.72M
Accounts Payable	5.78M	6.34M	5.55M	12.78M	18.11M	27.31M	27.11M	32.11M
Days Payables Outstanding	6.9	4.97	3.4	5.92	7.59	8.37	7.06	8.76
Short-Term Debt	99.86M	159.37M	236.5M	131.45M	126.08M	288.75M	518.35M	451.26M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	5.29M	3.58M	12.57M	13.27M	0	2.36M	73.11M	44.69M
Current Ratio	1.17x	1.18x	1.19x	1.36x	1.23x	1.25x	1.32x	1.28x
Quick Ratio	0.15x	0.16x	0.14x	0.55x	0.60x	0.43x	0.41x	0.31x
Cash Conversion Cycle	136.24	146.29	173.86	70.26	61.2	118.04	173.9	168.42
Total Non-Current Liabilities+	116.99M	174.63M	203.29M	99.04M	238.15M	600.45M	606.13M	591.52M
Long-Term Debt	25.36M	39.95M	64.79M	81.98M	103.07M	421.16M	428.44M	414.93M
Capital Lease Obligations	0	0	0	0	80.46M	112.13M	123.31M	126M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	91.63M	134.67M	138.5M	17.07M	54.61M	67.17M	54.38M	50.58M
Total Liabilities	230.27M	354.3M	466.79M	284.78M	465.78M	1.05B	1.28B	1.2B
Total Debt+	125.22M	199.33M	301.29M	213.43M	318.78M	835.02M	1.08B	1.01B
Net Debt	115.56M	183.98M	290.18M	147.34M	256.17M	792.95M	1B	991.05M
Debt / Equity	4.46x	9.47x	7.94x	1.23x	1.25x	1.88x	2.62x	2.58x
Debt / EBITDA	6.15x	4.30x	5.26x	2.62x	2.07x	3.57x	24.18x	11.58x
Net Debt / EBITDA	5.68x	3.97x	5.06x	1.81x	1.66x	3.39x	22.29x	11.39x
Interest Coverage	3.90x	4.77x	3.42x	4.43x	21.55x	12.20x	0.30x	0.91x
Total Equity+	28.07M	21.06M	37.97M	173.29M	254.83M	444.88M	414.08M	390.75M
Equity Growth %	-	-0.25%	0.8%	3.56%	0.47%	0.75%	-0.07%	-0.06%
Book Value per Share	5.20	3.90	6.24	27.56	22.43	31.03	28.90	26.79
Total Shareholders' Equity	26.31M	15.96M	31.77M	122.85M	225.93M	385.32M	358.61M	360.81M
Common Stock	26.31M	15.96M	31.77M	150K	151K	156K	158K	161K
Retained Earnings	3.62M	3.4M	0	16.76M	74.95M	204.88M	165.43M	159.63M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	-1.49M	-3.08M	-5.32M	0	0	-7K	1K	-1.9M
Minority Interest	1.76M	5.09M	6.2M	50.43M	28.91M	59.55M	55.47M	29.94M

Cash Flow

	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	6.51M	-4.65M	-5.7M	212.48M	159.42M	7.45M	-129.76M	34.84M
Operating CF Margin %	0.02%	-0.01%	-0.01%	0.21%	0.13%	0%	-0.07%	0.02%
Operating CF Growth %	-	-1.71%	-0.22%	38.29%	-0.25%	-0.95%	-18.42%	1.27%
Net Income	-4.26M	1.95M	37.26M	48.51M	116.41M	152.61M	-39.11M	-6.18M
Depreciation & Amortization	1.05M	1.68M	2.68M	3.25M	5.41M	16.3M	26.79M	22.19M
Stock-Based Compensation	432K	153.98K	154K	2.21M	5.74M	10.01M	8.96M	8.44M
Deferred Taxes	18.18M	32.93M	35K	509K	3.73M	5.74M	-23.03M	-334K
Other Non-Cash Items	554K	2.44M	1.8M	11.79M	3.44M	15.08M	157.34M	4.63M
Working Capital Changes	-9.45M	-43.81M	-47.64M	146.2M	24.69M	-192.29M	-260.71M	6.08M
Change in Receivables	-1.75M	-4.74M	-2.34M	-3.19M	-9.53M	-3.71M	-10.05M	-1.48M
Change in Inventory	-13.28M	-39.86M	-38.95M	127.21M	25.29M	-167.18M	-232.28M	24.64M
Change in Payables	1.79M	9K	-966K	7.24M	-26K	6.42M	197K	233K
Cash from Investing+	-23.3M	-23.92M	-11M	-4.67M	-117.13M	-476.84M	-51.6M	13.32M
Capital Expenditures	-4.11M	-10.13M	-7.29M	-6.31M	-9.9M	-15.65M	-24.07M	-25.92M
CapEx % of Revenue	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	61K	0	15.7M	1.64M	233K	345K	567K	44.95M
Cash from Financing+	16.99M	34.26M	12.46M	-151.14M	-36.5M	456.4M	213.72M	-114.11M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	-47.2M	-3.26M	-14.45M	-109.4M	-32.08M	-9.48M	-3.6M	-5.42M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-1.2M	34.37M	23.05M	-105.72M	-25.54M	-11.09M	-10.48M	-29.59M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	2.4M	-14.79M	-12.99M	206.17M	149.53M	-8.2M	-153.83M	8.92M
FCF Margin %	0.01%	-0.02%	-0.02%	0.2%	0.12%	-0%	-0.08%	0.01%
FCF Growth %	-	-7.16%	0.12%	16.87%	-0.27%	-1.05%	-17.76%	1.06%
FCF per Share	0.45	-2.74	-2.14	32.79	13.16	-0.57	-10.74	0.61
FCF Conversion (FCF/Net Income)	-1.52x	-4.17x	-0.27x	12.19x	2.02x	0.06x	3.36x	-6.11x
Interest Paid	0	0	0	17.21M	6.25M	14.6M	49.51M	75.96M
Taxes Paid	0	0	0	246K	28.54M	35.23M	23.32M	5.5M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-15.22%	4.55%	71.48%	16.5%	36.93%	37.43%	-8.99%	-1.42%
Return on Invested Capital (ROIC)	-	19.22%	15.36%	18.1%	26.85%	18.68%	1.02%	3.48%
Gross Margin	21.89%	22.84%	22.42%	23.02%	29.1%	31.73%	27.64%	24.54%
Net Margin	-1.09%	0.19%	2.75%	1.7%	6.44%	7.5%	-1.99%	-0.32%
Debt / Equity	4.46x	9.47x	7.94x	1.23x	1.25x	1.88x	2.62x	2.58x
Interest Coverage	3.90x	4.77x	3.42x	4.43x	21.55x	12.20x	0.30x	0.91x
FCF Conversion	-1.52x	-4.17x	-0.27x	12.19x	2.02x	0.06x	3.36x	-6.11x
Revenue Growth	-	53.98%	27.34%	33.26%	20.06%	42.06%	10.97%	-8.45%

Revenue by Segment

	2022	2023	2024
New Sales	1.14B	1.22B	1.12B
New Sales Growth	-	7.40%	-8.61%
Pre-Owned	294.83M	334.48M	312.19M
Pre-Owned Growth	-	13.45%	-6.66%
Service, Parts & Other	254.68M	321.82M	290.65M
Service, Parts & Other Growth	-	26.36%	-9.68%
Finance And Insurance Income	-	56.33M	51.49M
Finance And Insurance Income Growth	-	-	-8.58%
Finance and Insurance Income	55.98M	-	-
Finance and Insurance Income Growth	-	-	-

Frequently Asked Questions

Growth & Financials

OneWater Marine Inc. (ONEW) reported $1.79B in revenue for fiscal year 2024. This represents a 357% increase from $391.5M in 2017.

OneWater Marine Inc. (ONEW) saw revenue decline by 8.5% over the past year.

OneWater Marine Inc. (ONEW) reported a net loss of $10.9M for fiscal year 2024.

Dividend & Returns

Yes, OneWater Marine Inc. (ONEW) pays a dividend with a yield of 2.68%. This makes it attractive for income-focused investors.

OneWater Marine Inc. (ONEW) has a return on equity (ROE) of -1.4%. Negative ROE indicates the company is unprofitable.

OneWater Marine Inc. (ONEW) generated $95.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.