Malibu Boats (MBUU) AI Stock Analysis

• Market Cap: $554.50M
• Dividend Yield: N/A
• Average Volume (3M): 253.33K
• Price to Earnings (P/E): 29.6
• Beta (1Y): 1.03
• Revenue Growth: 11.54%
• EPS Growth: N/A
• Country: US
• Employees: 2,250
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.15
• Shares Outstanding: 19,226,583
• 10 Day Avg. Volume: 226,414
• 30 Day Avg. Volume: 253,327
• PEG Ratio: -0.32
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 21.56
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 0.72
• Enterprise Value/Gross Profit: 4.17
• Enterprise Value/Ebitda: 8.93
• 1Y Price Target: $35.75
• Price Target Upside: 22.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 1.21
• Revenue Forecast (FY): $788.53M

• Rating: 65 Neutral
• Price Target: $30.00 ▲(2.95% Upside)

Malibu Boats' overall stock score reflects its solid financial health and strong cash flow, balanced by a mixed technical outlook and valuation concerns. The earnings call provided a positive view on growth initiatives, but market challenges remain a concern.

Positive Factors

Strong Q4 Performance

The significant increase in net sales and unit volumes in Q4 indicates strong market demand and effective sales strategies, suggesting potential for sustained revenue growth.

New Product Innovations

The launch of new models demonstrates Malibu Boats' commitment to innovation, which can enhance competitive positioning and drive market share expansion over the long term.

Cash Flow Resilience

Strong free cash flow generation reflects the resilience of Malibu Boats' business model, providing financial flexibility for growth initiatives and shareholder returns.

Negative Factors

Retail Environment Challenges

A challenging retail environment can hinder sales growth and profitability, posing risks to Malibu Boats' ability to maintain its market position and financial performance.

Elevated Dealer Inventory

Excessive dealer inventory can lead to reduced future orders and pricing pressure, impacting revenue and margin sustainability in the coming months.

Tariff Impacts on Costs

Tariff-related cost increases could erode profit margins and affect pricing strategies, challenging Malibu Boats' cost management and profitability.

Malibu Boats Business Overview & Revenue Model

Company Description

Malibu Boats, Inc. engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. The company sells its products through independent dealers in North America, Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. Malibu Boats, Inc. was founded in 1982 and is headquartered in Loudon, Tennessee.

How the Company Makes Money

Malibu Boats generates revenue primarily through the sale of its boats, which includes both new and used models. The company also earns income from the sale of parts, accessories, and service for its boats, creating a recurring revenue stream. Additionally, Malibu Boats benefits from a robust dealer network that aids in distributing its products and providing customer support. The company has established strategic partnerships with various organizations and events in the water sports community, which further enhances brand visibility and drives sales. Seasonal demand patterns, driven by the popularity of water sports and recreational boating, also influence the company's overall revenue.

Malibu Boats Financial Statement Overview

Summary

Malibu Boats demonstrates solid financial health with strong cash flow performance and a stable balance sheet. Revenue growth is modest, and profitability metrics suggest potential for operational improvements. The low leverage and strong cash generation position the company well for future growth.

Income Statement

Malibu Boats shows a modest revenue growth of 2.87% in the TTM, recovering from a previous decline. Gross profit margin is stable at 17.31%, but net profit margin remains low at 2.34%. EBIT and EBITDA margins are also relatively low, indicating room for improvement in operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.045, indicating low leverage. Return on equity is modest at 3.74%, suggesting moderate profitability. The equity ratio is healthy, reflecting a solid capital structure.

Cash Flow

Cash flow performance is strong with a significant free cash flow growth of 67.36% in the TTM. The operating cash flow to net income ratio is 0.47, indicating efficient cash generation relative to net income. Free cash flow to net income ratio is robust at 0.67, highlighting effective cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	830.71M	807.56M	829.03M	1.39B	1.21B	926.51M
Gross Profit	143.81M	144.09M	147.09M	351.30M	310.05M	236.49M
EBITDA	67.13M	60.74M	-22.95M	173.17M	240.15M	183.59M
Net Income	19.23M	14.88M	-55.91M	104.51M	157.63M	109.84M
Balance Sheet
Total Assets	755.61M	734.58M	739.62M	925.92M	851.33M	851.33M
Cash, Cash Equivalents and Short-Term Investments	44.10M	37.00M	26.95M	78.94M	83.74M	83.74M
Total Debt	25.43M	25.32M	2.18M	2.32M	121.74M	121.74M
Total Liabilities	234.99M	214.75M	204.91M	310.17M	337.76M	337.76M
Stockholders Equity	516.36M	515.46M	530.01M	607.88M	503.17M	503.17M
Cash Flow
Free Cash Flow	47.84M	28.59M	-20.40M	129.89M	109.78M	109.78M
Operating Cash Flow	71.44M	56.51M	55.56M	184.73M	164.85M	164.85M
Investing Cash Flow	-22.97M	-27.37M	-75.84M	-54.64M	-61.62M	-61.62M
Financing Cash Flow	-31.70M	-18.82M	-31.70M	-134.57M	-60.38M	-60.38M

Malibu Boats Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 29.14
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBUU, the sentiment is Neutral. The current price of 29.14 is above the 20-day moving average (MA) of 28.19, above the 50-day MA of 28.74, and below the 200-day MA of 31.17, indicating a neutral trend. The MACD of 0.35 indicates Negative momentum. The RSI at 54.19 is Neutral, neither overbought nor oversold. The STOCH value of 60.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MBUU.

Malibu Boats Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MCFT	71 Outperform	$304.11M	30.26	7.40%	―	-12.17%	―
WGO	69 Neutral	$1.13B	44.09	2.06%	3.42%	-5.90%	119.79%
MBUU	65 Neutral	$554.50M	29.65	3.72%	―	11.54%	―
MPX	64 Neutral	$307.99M	23.68	10.00%	6.21%	-12.30%	-29.51%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BC	52 Neutral	$4.81B	-20.73	-12.31%	2.29%	-4.78%	-189.89%
ONEW	50 Neutral	$175.03M	-1.48	-35.49%	―	5.62%	-1706.59%

Malibu Boats Corporate Events

Malibu Boats Appoints New CFO Amid Strategic Focus

On November 12, 2025, Malibu Boats, Inc. accepted the resignation of Bruce W. Beckman as Chief Financial Officer, effective immediately, and appointed David S. Black as his successor. Mr. Black, who has been with the company since 2017, brings extensive experience in accounting and finance, and his leadership is expected to drive financial performance and support the company’s strategic growth initiatives. The company reaffirmed its fiscal year 2026 guidance, anticipating net sales to be flat to down mid-single digits percentage points year-over-year, with an Adjusted EBITDA margin ranging from 8% to 9%.

Malibu Boats Stockholders Approve Key Proposals

At the annual meeting on October 24, 2025, Malibu Boats‘ stockholders voted on four key proposals. The election of Class III directors for three-year terms, the ratification of KPMG LLP as the independent accounting firm for the fiscal year ending June 30, 2026, and the advisory approval of executive compensation were all passed. Additionally, stockholders approved holding annual advisory votes on executive compensation.