OneWater Marine Inc
onewatermarine.comWhat Do They Do?
Sells new and pre-owned boats to consumers, provides repair and maintenance, and distributes marine parts and accessories through retailers, distributors and online sellers.
10-K for FY2025, filed Dec 15, 2025As of September 30, 2025, the Dealerships segment includes operations of 95 dealerships in 17 states including Florida, Texas, Alabama and…View ↗
As of September 30, 2025, the Distribution segment includes the activity of three of our fully-owned businesses, Central Assets &…View ↗
We offer new and pre-owned recreational boats, yachts and related marine products, including parts and accessories, with a specific focus…View ↗
How Do They Make Money?
Customers pay for boats when accepted or delivered, parts when shipped, and repairs when completed. The company earns financing and insurance commissions when boats are sold; storage and marina services run over contract terms.
10-K for FY2025, filed Dec 15, 2025Revenue is recognized from the sale of products and commissions earned on new and pre-owned boats (including used, brokerage, consignment…View ↗
Revenue from parts and accessories sold directly to a customer (not on a repair order) are recognized when control of the item is…View ↗
Revenue from storage and marina operations is recognized on a straight-line basis over the term of the contract as services are completed.…View ↗
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10-K for FY2025, filed Dec 15, 2025
FY2025 revenue by product or service ↗
$1.9B
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10-K for FY2025, filed Dec 15, 2025
$1.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
New boat
Sold outright
10-K for FY2025, filed Dec 15, 2025 |
62%
FY2022: 65%
|
New boat, FY2025
$1.2B Sources
|
Sold outright |
|
Pre-owned boat
Sold outright
10-K for FY2025, filed Dec 15, 2025 |
19%
FY2022: 17%
|
Pre-owned boat, FY2025
$363.9M Sources
|
Sold outright |
|
Finance & insurance income
Sold outright
|
2.9%
FY2022: 3.2%
|
Finance & insurance income, FY2025
$55M Sources
|
Sold outright |
|
Service, parts & other
Mix
10-K for FY2025, filed Dec 15, 2025 |
16%
FY2022: 15%
|
Service, parts & other, FY2025
$295.3M Sources
|
Mix |
Who Are Their Customers?
Boat buyers shop at OneWater’s dealerships and online. Marine parts and accessories are sold through distributors, national and online retailers, directly to consumers, and to boat manufacturers.
10-K for FY2025, filed Dec 15, 2025As of September 30, 2025, the Distribution segment includes the activity of three of our fully-owned businesses, Central Assets &…View ↗
Each of our dealerships offers our customers the opportunity to evaluate a variety of new and pre-owned boats in an environment that is…View ↗
With the addition of T-H Marine and Ocean Bio-Chem, we sell our manufactured and assembled products through national retailers, direct to…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $114.6M in FY2025, but brought in more cash than it spent: $79.7M of free cash flow.
10-K for FY2025, filed Dec 15, 2025
−$85.5MView ↗
10-K for FY2025, filed Dec 15, 2025
−$114.6MView ↗
10-K for FY2025, filed Dec 15, 2025
$79.7MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Jul 31, 2026
Open tableView ↗
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Jul 30, 2026
Updated fiscal 2026 outlook
Updated revenue guidance to $1.75 billion to $1.80 billion.
Sources
8-K, filed Jul 30, 2026
The Company is updating its previously issued fiscal full year 2026 outlook. For fiscal full-year 2026, OneWater anticipates the industry…View ↗
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Feb 6, 2026
Sold Ocean Bio-Chem
The estimated cash purchase price was $50.0 million, with proceeds intended to repay debt.
Sources
8-K, filed Feb 6, 2026
On February 2, 2026 (the “Closing Date”), OneWater Marine Inc. (the “Company”) entered into and consummated a Securities Purchase Agreement…View ↗
Growing. Revenue grew 52% in 4 years, from $1.2B in FY2021 to $1.9B in FY2025, about 11% a year.
Who Do They Compete With?
Competes with MarineMax and Bass Pro Shops
10-K for FY2022, filed Dec 15, 2022The boat dealership market is highly fragmented and is comprised of approximately 4,200 dealerships nationwide. Most competing boat…View ↗
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