OneWater Marine Inc. (ONEW) Stock

OneWater Marine Inc. (ONEW) is a Consumer Discretionary stock trading at $11.46 (as of 2026-08-20), with a market capitalization of $72.05M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

OneWater Marine Inc. is a U.S. recreational boat retailer that sells new and pre-owned recreational boats and yachts and related marine products such as parts and accessories. The company also provides repair and maintenance, arranges financing and insurance, and offers services including storage and marina-related services, as well as rental of boats and personal watercraft.

Understand OneWater Marine Inc.: how it makes money

OneWater Marine sells recreational boats and yachts, along with parts and accessories, repair and maintenance, and other marine services, and it arranges boat financing and insurance. It makes money primarily from new boat sales and pre-owned boat sales, with additional revenue from service parts and other sales, and from finance and insurance.

Profit is driven by sustaining new and pre-owned boat sales volume while controlling inventory, because service and parts and finance and insurance add incremental revenue streams tied to that boat-selling activity.

Revenue by segment (latest quarter)
New Boats$0.2B
Pre-Owned$0.1B
Service, Parts, Other$0.1B
Finance and Insurance$0.0B

Business quality (Weak): The revenue mix shows meaningful contribution from both new and pre-owned sales plus service and parts, but the low operating margin (1.7%) suggests results are sensitive to sales volume and inventory and cost dynamics.

Bull case

  • Multi-stream revenue from the same customer journey: In addition to new boat sales and pre-owned boat sales, OneWater also generates service parts and other sales and finance and insurance revenue.
  • Finance participation is a material lever: Finance Penetration is shown at 60%, with a New Boat Finance Penetration Rate of 70%, indicating a measurable portion of boat sales ties to financing.

Bear case

  • Inventory management risk can pressure near-term earnings: Inventory Decline Year over Year is 10.0%, and Inventory on Hand (Weeks) is 23.0, so sales and inventory positioning are important to outcomes.
  • Demand softness shows up in unit sales declines: Same-Store Unit Sales Decline Excluding Texas Locations is 1.9%, and Unit Sales Decline is 6.0%, which can make it harder to sustain revenue and margin.
Valuation — source: SEC EDGAR (first-party)
Price$11.46
Market Cap$72.05M
EV / EBITDA5.4
Price / Book0.25
Price / Sales0.04
FCF Yield-117.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.87B
Net Margin-6.1%
Revenue Growth (YoY)-4.0%
FCF Growth (YoY)-31.7%
Financial Health — source: SEC EDGAR
Altman Z-Score1.29 (distress)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Retail)19.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAMERICAN CENTURY COMPANIES INC ($22.06M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorConsumer Discretionary
IndustryRetail
CEOAnthony K. Aisquith
Employees2,203
CountryUS
IPO Date2020-02-07

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ONEW earnings history · ONEW institutional & insider holders · ONEW KPIs & operating metrics · ONEW financials · ONEW investor presentations & press releases · ONEW SEC filings · ONEW peers · Congress trades · Insider trades · Short interest · Stock screener

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.