OneWater Marine (ONEW) AI Stock Analysis

• Market Cap: $250.30M
• Dividend Yield: N/A
• Average Volume (3M): 97.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: 5.62%
• EPS Growth: -1706.59%
• Country: US
• Employees: 2,203
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.00
• Shares Outstanding: 16,370,424
• 10 Day Avg. Volume: 101,800
• 30 Day Avg. Volume: 97,552
• PEG Ratio: 0.71
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 39.09
• Enterprise Value/Market Cap: 4.51
• Enterprise Value/Revenue: 0.63
• Enterprise Value/Gross Profit: 2.72
• Enterprise Value/Ebitda: 14.63
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $15.50 ▲(34.78% Upside)

OneWater Marine's overall score reflects strong revenue growth and effective inventory management, but is tempered by profitability challenges, high leverage, and a negative P/E ratio. The technical indicators suggest a neutral trend, while the earnings call provides cautious optimism with mixed results.

Positive Factors

Revenue Growth

Despite industry declines, OneWater Marine's revenue growth and same-store sales increase indicate strong market positioning and resilience.

Inventory Management

Effective inventory management enhances operational efficiency, reduces holding costs, and aligns product offerings with market demand.

Pre-Owned Boat Sales

Strong growth in pre-owned boat sales suggests robust demand and effective sales strategies, contributing to revenue diversification.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns.

Gross Margin Pressure

Declining gross margins due to competitive pressures and product mix challenges may impact profitability and require strategic adjustments.

Increased Operating Expenses

Rising operating expenses, driven by personnel and inflation, could erode profit margins and necessitate cost management initiatives.

OneWater Marine Business Overview & Revenue Model

Company Description

OneWater 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.

How the Company Makes Money

OneWater Marine generates revenue primarily through the sale of boats and marine products from its dealerships. Key revenue streams include new and used boat sales, accessories and parts sales, and service and maintenance offerings. Additionally, the company earns income from financing and insurance services provided to customers purchasing boats. The expansion of its dealership network and partnerships with leading boat manufacturers enhance its market presence and contribute to revenue growth. Seasonal sales fluctuations and promotional events also play a role in driving business during peak boating seasons.

OneWater Marine Financial Statement Overview

Summary

OneWater Marine shows strong revenue growth but struggles with profitability and financial stability. The high debt-to-equity ratio and negative return on equity are concerning, while cash flow improvements offer some optimism.

Income Statement

OneWater Marine's income statement shows a mixed performance. The TTM data indicates a significant revenue growth rate of 58.6%, which is a positive sign. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -0.61% and declining gross profit margins over the years. The EBIT and EBITDA margins have also decreased compared to previous years, indicating challenges in operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 2.52 in the TTM period, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is relatively low, suggesting limited financial stability.

Cash Flow

The cash flow statement shows improvement in free cash flow growth, with a notable increase in the TTM period. The operating cash flow to net income ratio is positive, indicating some ability to convert earnings into cash. However, the free cash flow to net income ratio is below 1, suggesting challenges in generating free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.79B	1.77B	1.94B	1.74B	1.23B	1.02B
Gross Profit	414.78M	435.06M	535.13M	553.65M	357.45M	235.52M
EBITDA	77.13M	86.99M	43.90M	252.13M	158.41M	75.78M
Net Income	-10.87M	-5.71M	-38.59M	130.94M	79.06M	17.43M
Balance Sheet
Total Assets	1.54B	1.59B	1.69B	1.50B	720.61M	458.07M
Cash, Cash Equivalents and Short-Term Investments	70.15M	16.85M	84.65M	42.07M	62.61M	66.09M
Total Debt	990.17M	1.01B	1.08B	835.02M	318.78M	213.43M
Total Liabilities	1.15B	1.20B	1.28B	1.05B	465.78M	284.78M
Stockholders Equity	393.23M	360.81M	358.61M	385.32M	225.93M	122.85M
Cash Flow
Free Cash Flow	95.00M	8.92M	-153.83M	-8.20M	149.53M	206.17M
Operating Cash Flow	109.15M	34.84M	-129.76M	7.45M	159.42M	212.48M
Investing Cash Flow	-13.00M	13.32M	-51.60M	-476.84M	-117.13M	-4.67M
Financing Cash Flow	-66.11M	-114.11M	213.72M	456.40M	-36.50M	-151.14M

OneWater Marine Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ONEW, the sentiment is Negative. The current price of 11.5 is below the 20-day moving average (MA) of 13.29, below the 50-day MA of 14.69, and below the 200-day MA of 15.22, indicating a bearish trend. The MACD of -1.03 indicates Positive momentum. The RSI at 33.38 is Neutral, neither overbought nor oversold. The STOCH value of 54.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ONEW.

OneWater Marine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MCFT	71 Outperform	$296.62M	28.87	7.40%	―	-12.17%	―
MBUU	65 Neutral	$524.31M	27.75	3.72%	―	11.54%	―
MPX	64 Neutral	$289.79M	22.28	10.00%	6.71%	-12.30%	-29.51%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ONEW	50 Neutral	$250.30M	-18.86	-35.49%	―	5.62%	-1706.59%
VEEE	46 Neutral	$5.95M	-0.33	-59.55%	―	-34.70%	36.13%
VMAR	44 Neutral	$4.40M	>-0.01	-337.93%	―	452.42%	97.39%

OneWater Marine Corporate Events

OneWater Marine Amends Executive Employment Agreements

On September 25, 2025, OneWater Marine Inc. announced amended and restated employment agreements with key executives, effective February 12, 2024. These agreements outline roles, compensation, and termination conditions for Philip Austin Singleton, Jr., Anthony Aisquith, and Jack Ezzell, with implications for company leadership and operational continuity.

The most recent analyst rating on (ONEW) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on OneWater Marine stock, see the ONEW Stock Forecast page.

OneWater Marine Announces Leadership Changes

On August 14, 2025, OneWater Marine Inc. announced a series of leadership changes to better align with its management structure and strategic priorities. Austin Singleton transitioned to Executive Chairman, Anthony Aisquith was appointed CEO, and Jack Ezzell became COO while retaining his CFO role. These changes are intended to enhance the company’s strategic execution and shareholder value without impacting day-to-day operations.

The most recent analyst rating on (ONEW) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on OneWater Marine stock, see the ONEW Stock Forecast page.

OneWater Marine’s Mixed Earnings Call: Growth Amid Challenges

The recent earnings call for OneWater Marine Inc. presented a balanced sentiment, reflecting both achievements and challenges. The company reported growth in revenue and maintained strong same-store sales performance despite a tough industry environment. However, it faced significant hurdles with declining gross profit and new boat sales. On a positive note, inventory management and pre-owned boat sales were highlighted as strong points, indicating a mixed performance overall.

OneWater Marine Reports Modest Q3 Revenue Growth

OneWater Marine Inc. is a prominent marine retailer in the United States, specializing in the sale of new and pre-owned boats, finance and insurance products, and marine services across its extensive network of retail locations and online marketplaces.