OneWater Marine Inc. (ONEW) Financial Ratios
9 years of historical data (2017–2025) · Consumer Cyclical · Auto - Recreational Vehicles
EV/EBITDA
↑
13.14
-6% vs avg
5yr avg: 13.93
30Y Low3.4·High30.5
P/FCF
↑
2.38
↓-84% vs avg
5yr avg: 15.11
30Y Low0.6·High39.1
P/B Ratio
↓
0.63
↓-42% vs avg
5yr avg: 1.08
30Y Low0.7·High1.8
ROE
↓
-33.9%
↑-664% vs avg
5yr avg: 6.0%
30Y Low-34%·High71%
Debt/EBITDA
↑
11.52
+9% vs avg
5yr avg: 10.58
30Y Low2.1·High24.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ONEW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
OneWater Marine Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 2.4x P/FCF, 84% below the 5-year average of 15.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $188M | $251M | $349M | $367M | $432M | $457M | $129M | — | — | — |
| Enterprise Value | $1.1B | $1.2B | $1.3B | $1.4B | $1.2B | $713M | $276M | — | — | — |
| P/E Ratio → | -1.57 | — | — | — | 3.30 | 5.78 | 2.65 | — | — | — |
| P/S Ratio | 0.10 | 0.13 | 0.20 | 0.19 | 0.25 | 0.37 | 0.13 | — | — | — |
| P/B Ratio | 0.63 | 0.88 | 0.89 | 0.89 | 0.97 | 1.79 | 0.74 | — | — | — |
| P/FCF | 2.38 | 3.18 | 39.09 | — | — | 3.05 | 0.62 | — | — | — |
| P/OCF | 2.05 | 2.74 | 10.01 | — | 57.97 | 2.86 | 0.61 | — | — | — |
P/E links to full P/E history page with 30-year chart
ONEW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
OneWater Marine Inc.'s enterprise value stands at 13.1x EBITDA, 6% below its 5-year average of 13.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 8% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.62 | 0.76 | 0.71 | 0.70 | 0.58 | 0.27 | — | — | — |
| EV / EBITDA | 13.14 | 13.90 | 15.40 | 30.48 | 5.23 | 4.62 | 3.39 | — | — | — |
| EV / EBIT | 17.72 | — | 20.67 | 79.88 | 5.19 | 4.66 | 3.81 | — | — | — |
| EV / FCF | — | 14.72 | 150.18 | — | — | 4.77 | 1.34 | — | — | — |
ONEW Profitability
Margins and return-on-capital ratios measuring operating efficiency
OneWater Marine Inc. earns an operating margin of 3.3%, roughly in line with the Consumer Cyclical sector average. Operating margins have expanded from 0.9% to 3.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -33.9% indicates the company is currently destroying shareholder equity. ROIC of 3.6% represents below-average returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.7% | 21.7% | 24.5% | 27.6% | 31.7% | 29.1% | 23.0% | 22.4% | 22.8% | 21.9% |
| Operating Margin | 3.3% | 3.3% | 3.7% | 0.9% | 12.5% | 12.1% | 7.7% | 7.1% | 7.4% | 4.9% |
| Net Profit Margin | -6.1% | -6.1% | -0.3% | -2.0% | 7.5% | 6.4% | 1.7% | 2.7% | 0.2% | -1.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -33.9% | -33.9% | -1.4% | -9.0% | 37.4% | 36.9% | 16.5% | 71.5% | 4.5% | -15.2% |
| ROA | -7.7% | -7.7% | -0.3% | -2.4% | 11.8% | 13.4% | 3.6% | 4.8% | 0.4% | -1.7% |
| ROIC | 3.6% | 3.6% | 3.5% | 1.0% | 18.7% | 26.9% | 18.1% | 15.4% | 19.2% | — |
| ROCE | 7.1% | 7.1% | 6.5% | 1.7% | 28.3% | 38.9% | 30.5% | 25.0% | 26.2% | 13.3% |
ONEW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
OneWater Marine Inc. carries a Debt/EBITDA ratio of 11.5x, which is highly leveraged (141% above the sector average of 4.8x). Net debt stands at $912M ($964M total debt minus $52M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.38 | 3.38 | 2.58 | 2.62 | 1.88 | 1.25 | 1.23 | 7.94 | 9.47 | 4.46 |
| Debt / EBITDA | 11.52 | 11.52 | 11.58 | 24.18 | 3.57 | 2.07 | 2.62 | 5.26 | 4.30 | 6.15 |
| Net Debt / Equity | — | 3.20 | 2.54 | 2.42 | 1.78 | 1.01 | 0.85 | 7.64 | 8.74 | 4.12 |
| Net Debt / EBITDA | 10.89 | 10.89 | 11.39 | 22.29 | 3.39 | 1.66 | 1.81 | 5.06 | 3.97 | 5.68 |
| Debt / FCF | — | 11.54 | 111.09 | — | — | 1.71 | 0.71 | — | — | 48.11 |
| Interest Coverage | -4.32 | -4.32 | 0.91 | 0.29 | 13.22 | 22.14 | 4.10 | 3.32 | 1.21 | 0.14 |
ONEW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means OneWater Marine Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.28x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.32x to 1.14x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.28 | 1.32 | 1.25 | 1.23 | 1.36 | 1.19 | 1.18 | 1.17 |
| Quick Ratio | 0.28 | 0.28 | 0.31 | 0.41 | 0.43 | 0.60 | 0.55 | 0.14 | 0.16 | 0.15 |
| Cash Ratio | 0.08 | 0.08 | 0.03 | 0.13 | 0.09 | 0.28 | 0.36 | 0.04 | 0.09 | 0.09 |
| Asset Turnover | — | 1.33 | 1.11 | 1.15 | 1.17 | 1.70 | 2.23 | 1.52 | 1.61 | 1.52 |
| Inventory Turnover | 2.72 | 2.72 | 2.26 | 2.30 | 3.19 | 6.05 | 5.25 | 2.15 | 2.52 | 2.65 |
| Days Sales Outstanding | — | 11.87 | 15.95 | 22.16 | 12.12 | 8.48 | 6.59 | 7.27 | 6.59 | 5.45 |
ONEW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
OneWater Marine Inc. returns 0.2% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.1% | 1.6% | 1.0% | 2.2% | 7.0% | 14.7% | — | — | — |
| Payout Ratio | — | — | — | — | 7.2% | 40.6% | 108.4% | 52.6% | 291.6% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 30.3% | 17.3% | 37.7% | — | — | — |
| FCF Yield | 42.0% | 31.4% | 2.6% | — | — | 32.7% | 160.0% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.4% | 0.4% | 0.1% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.2% | 0.1% | 2.0% | 1.4% | 2.3% | 7.0% | 14.7% | — | — | — |
| Shares Outstanding | — | $16M | $15M | $14M | $14M | $11M | $6M | $6M | $5M | $5M |
Peer Comparison
Compare ONEW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ONEWYou | $188M | -1.6 | 13.1 | 2.4 | 21.7% | 3.3% | -33.9% | 3.6% | 11.5 |
 MPX | $280M | 24.8 | 13.8 | 18.8 | 19.1% | 5.7% | 9.0% | 13.3% | — |
 MCFT | $379M | 54.2 | 16.8 | 14.4 | 20.0% | 4.0% | 3.8% | 4.4% | — |
 HZO | $770M | -24.4 | 12.1 | 64.5 | 32.5% | 4.5% | -3.3% | 3.8% | 8.2 |
 MBUU | $535M | 35.9 | 8.7 | 18.7 | 17.8% | 2.7% | 2.8% | 3.2% | 0.4 |
 BC | $5B | -40.2 | 30.0 | 13.7 | 24.8% | -0.7% | -7.8% | -0.8% | 9.6 |
 PATK | $3B | 22.4 | 10.1 | 11.8 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
 DOOO | $2B | -31.1 | 6.3 | 10.4 | 22.7% | 7.0% | -40.2% | 12.8% | 3.2 |
 PII | $4B | -8.7 | 21.1 | 7.2 | 18.5% | -0.4% | -43.6% | -0.8% | 6.0 |
 HOG | $3B | 9.2 | 5.8 | 6.9 | 30.2% | 8.6% | 10.7% | 5.0% | 6.2 |
 THO | $4B | 15.0 | 7.2 | 8.3 | 12.5% | 3.1% | 6.2% | 4.8% | 1.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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ONEW — Frequently Asked Questions
Quick answers to the most common questions about buying ONEW stock.
What is OneWater Marine Inc.'s P/E ratio?
OneWater Marine Inc.'s current P/E ratio is -1.6x. The historical average is 3.9x.
What is OneWater Marine Inc.'s EV/EBITDA?
OneWater Marine Inc.'s current EV/EBITDA is 13.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
What is OneWater Marine Inc.'s ROE?
OneWater Marine Inc.'s return on equity (ROE) is -33.9%. The historical average is 11.9%.
Is ONEW stock overvalued?
Based on historical data, OneWater Marine Inc. is trading at a P/E of -1.6x. Compare with industry peers and growth rates for a complete picture.
What is OneWater Marine Inc.'s dividend yield?
OneWater Marine Inc.'s current dividend yield is 0.15%.
What are OneWater Marine Inc.'s profit margins?
OneWater Marine Inc. has 21.7% gross margin and 3.3% operating margin.
How much debt does OneWater Marine Inc. have?
OneWater Marine Inc.'s Debt/EBITDA ratio is 11.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.