MasterCraft Boat Holdings, Inc. (MCFT) Stock

MasterCraft Boat Holdings, Inc. (MCFT) is a Industrials stock trading at $25.39 (as of 2026-08-20), with a market capitalization of $413.35M and a trailing P/E of 45.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MasterCraft Boat Holdings, Inc. designs, manufactures, and markets recreational powerboats through its MasterCraft, NauticStar, and Crest segments. Its boats and related accessories are sold under brands including MasterCraft, Aviara, NauticStar, and Crest through independent dealers in North America and internationally.

Understand MasterCraft Boat Holdings, Inc.: how it makes money

MasterCraft Boat Holdings designs, manufactures, and markets recreational powerboats, and it generates revenue from selling those boats through its brands and segments (MasterCraft, NauticStar, and Crest).

For a boat manufacturer, profitability is structurally tied to balancing unit demand with production capacity and working-capital flow, so dealer and pipeline inventory progress (and the excess capacity gap) can meaningfully swing operating results even when gross margin is stable.

Revenue by segment (latest quarter)
MasterCraft	$0.1B
NauticStar	$0.0B
Crest	$0.0B

Business quality (Weak): The provided data supports a clear operational theme around unit volumes and inventory movement, but segment revenue attribution is limited by overlapping or incomplete labels, so investors should focus on the inventory and utilization KPIs alongside the reported (negative) operating margin.

Valuation: At 34× earnings, MCFT trades 85% above the Shipbuilding & Railroad Equipment average (19×). Note: one-time items can distort reported P/E.

Bull case

Dealer and pipeline inventory actions: Dealer Inventory Reduction Across Brands Year over Year is 30%, and Inventory Improvement is 28%, with Pipeline Inventory Levels Improvement of 25%.
Operational progress tied to sales activity: Consolidated Unit Sales Volume is 565, and Mastercraft Unit Sales Volume is 377, with Pontoon Unit Sales Volume at 188.

Bear case

Operating loss in the latest quarter: Operating margin is -1.7% in the period ending 2026-03-29.
Capacity mismatch risk: Production Capacity Utilization Gap Excess Capacity vs Utilization is 20%, which can pressure operating results.
Dealer inventory still elevated vs prior period baseline: Dealer Inventories Percentage Higher vs Prior Period is 60%, and Dealer Inventories vs Prior Period Baseline is 25%.
Segment specific weakness: Pontoon Segment Unit Reduction Year over Year is 40%.

Valuation — source: SEC EDGAR (first-party)
Price	$25.39
Market Cap	$413.35M
P/E Ratio	45.1
EV / EBITDA	17.9
Price / Book	2.18
Price / Sales	1.40
FCF Yield	2.5%
DCF Value (model)	$4.77
DCF Upside vs Price	-81.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$284.20M
Net Margin	2.5%
Revenue Growth (YoY)	3.0%
EPS Growth (YoY)	-121.7%
FCF Growth (YoY)	-8.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	5.45 (safe)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Stock P/E	45.1
Sector P/E (Industrials)	25.9
Industry P/E (Shipbuilding & Railroad Equipment)	21.0
vs Sector	74.2%
vs Industry	114.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Coliseum Capital Management, LLC ($75.83M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Shipbuilding & Railroad Equipment
CEO	Bradley Nelson
Employees	920
Country	US
IPO Date	2015-07-17

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.