OneWater Marine Inc. (ONEW) Balance Sheet
ONEW balance sheet, FY2025
September 30, 2025 · U.S. dollars$1.40B assets = $1.12B liabilities + $285.0M equity
Both columns are drawn to the same scale: what ONEW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ONEW financial health
Descriptive bands, not a rating. Fiscal FY2025.
ONEW balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $258.3MFY2017 | $1.40BFY2025 | +23.6%/yr | |
| Total liabilities | $230.3MFY2017 | $1.12BFY2025 | +21.8%/yr | |
| Shareholders’ equity | $26.3MFY2017 | $285.0MFY2025 | +34.7%/yr | |
| Cash & short-term investments | $9.7MFY2017 | $52.2MFY2025 | +23.5%/yr | |
| Total debt | $125.2MFY2017 | $964.4MFY2025 | +29.1%/yr | |
| Net cash (debt) | −$115.6MFY2017 | −$912.2MFY2025 | −$796.6M | |
| Working capital | $18.8MFY2017 | $87.9MFY2025 | +$69.1M | |
| Book value per share | $4.88FY2017 | $17.96FY2025 | +17.7%/yr | |
| Current ratio | 1.17FY2017 | 1.14FY2025 | −0.03 | |
| Debt / equity | 4.76FY2017 | 3.38FY2025 | −1.37 | |
| Shares outstanding | 5.4MFY2017 | 15.9MFY2025 | +14.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ONEW assets
ONEW liabilities and equity
ONEW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ONEW balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $52.2M | $16.8M | $84.6M | $42.1M | $62.6M | $66.1M | $11.1M | $15.3M | $9.7M |
| Cash & equivalents | $52.2M | $16.8M | $84.6M | $42.1M | $62.6M | $66.1M | $11.1M | $15.3M | $9.7M |
| Receivables | $60.9M | $77.5M | $117.6M | $58.0M | $28.5M | $18.5M | $15.3M | $10.9M | $5.8M |
| Inventory | $539.8M | $590.8M | $609.6M | $373.0M | $143.9M | $150.1M | $277.3M | $184.4M | $115.3M |
| Other current assets | $66.4M | $92.2M | $70.1M | $93.9M | $45.9M | $17.4M | $10.4M | $1.9M | $1.2M |
| Total current assets | $719.2M | $777.4M | $881.9M | $566.9M | $280.9M | $252.1M | $314.1M | $212.5M | $132.1M |
| Property, plant & equipment (net) | $220.6M | $232.1M | $217.2M | $233.7M | $156.3M | $18.4M | $16.0M | $18.6M | $9.4M |
| Goodwill & intangible assets | $389.2M | $542.0M | $548.9M | $685.1M | $253.8M | $174.4M | $174.4M | $143.9M | $116.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $74.9M | $38.6M | $41.1M | $11.8M | $29.6M | $13.2M | $345,000 | $347,416 | $298,616 |
| Total assets | $1.40B | $1.59B | $1.69B | $1.50B | $720.6M | $458.1M | $504.8M | $375.4M | $258.3M |
| Liabilities | |||||||||
| Accounts payable | $43.8M | $32.1M | $27.1M | $27.3M | $18.1M | $12.8M | $5.5M | $6.3M | $5.8M |
| Short-term debt | $514.2M | $467.0M | $532.9M | $301.7M | $135.2M | $131.5M | $236.5M | $159.4M | $99.9M |
| Deferred revenue | $29.3M | $64.0M | $51.6M | $65.5M | $46.6M | $17.3M | $4.9M | $4.2M | $3.2M |
| Total current liabilities | $631.3M | $607.7M | $669.0M | $452.1M | $227.6M | $185.7M | $263.5M | $179.7M | $113.3M |
| Long-term debt | $334.2M | $414.9M | $428.4M | $421.2M | $103.1M | $82.0M | $64.8M | $40.0M | $25.4M |
| Lease obligations | $132.6M | $141.7M | $137.9M | $125.1M | $89.6M | $0 | — | — | — |
| Other long-term liabilities | $153.4M | $176.6M | $177.7M | $179.3M | $135.1M | $17.1M | $138.5M | $134.7M | $91.6M |
| Total liabilities | $1.12B | $1.20B | $1.28B | $1.05B | $465.8M | $284.8M | $466.8M | $354.3M | $230.3M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $164,000 | $161,000 | $158,000 | $156,000 | $151,000 | $150,000 | $31.8M | $16.0M | $26.3M |
| Retained earnings (deficit) | $45.0M | $159.6M | $165.4M | $204.9M | $75.0M | $16.8M | — | $3.4M | $3.6M |
| Accumulated other comprehensive income | −$643,000 | −$1.9M | $1,000 | −$7,000 | — | $0 | −$5.3M | −$3.1M | −$1.5M |
| Minority interest | $0 | $29.9M | $55.5M | $59.6M | $28.9M | — | — | — | — |
| Total shareholders' equity | $285.0M | $360.8M | $358.6M | $385.3M | $225.9M | $122.9M | $31.8M | $16.0M | $26.3M |
| Key figures | |||||||||
| Total debt | $964.4M | $1.01B | $1.08B | $835.0M | $318.8M | $213.4M | $301.3M | $199.3M | $125.2M |
| Net cash (debt) | −$912.2M | −$991.0M | −$1.00B | −$792.9M | −$256.2M | −$147.3M | −$290.2M | −$184.0M | −$115.6M |
| Working capital | $87.9M | $169.6M | $212.9M | $114.8M | $53.3M | $66.3M | $50.6M | $32.8M | $18.8M |
| Tangible book value | −$104.2M | −$181.2M | −$190.3M | −$299.7M | −$27.9M | −$51.5M | −$142.6M | −$127.9M | −$90.3M |
| Book value per share | $17.96 | $24.74 | $25.03 | $26.88 | $19.89 | $19.54 | $5.22 | $2.96 | $4.88 |
| Shares outstanding | 15.9M | 14.6M | 14.3M | 14.3M | 11.4M | 6.3M | 6.1M | 5.4M | 5.4M |
| Current ratio | 1.14 | 1.28 | 1.32 | 1.25 | 1.23 | 1.36 | 1.19 | 1.18 | 1.17 |
| Quick ratio | 0.18 | 0.16 | 0.30 | 0.22 | 0.40 | 0.46 | 0.10 | 0.15 | 0.14 |
| Debt / equity | 3.38 | 2.79 | 3.02 | 2.17 | 1.41 | 1.74 | 9.48 | 12.49 | 4.76 |
| Equity / assets | 20.3% | 22.7% | 21.2% | 25.7% | 31.4% | 26.8% | 6.3% | 4.3% | 10.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $68.7M | $68.4M | $32.2M | $64.8M | $70.1M | $67.5M | $22.7M | $16.8M | $41.0M | $47.0M | $44.6M | $84.6M |
| Cash & equivalents | $68.7M | $68.4M | $32.2M | $64.8M | $70.1M | $67.5M | $22.7M | $16.8M | $41.0M | $47.0M | $44.6M | $84.6M |
| Receivables | $64.5M | $60.7M | $39.6M | $60.9M | $79.5M | $91.6M | $61.2M | $77.5M | $103.9M | $110.1M | $51.2M | $117.6M |
| Inventory | $485.5M | $551.4M | $601.5M | $539.8M | $517.1M | $602.4M | $636.7M | $590.8M | $598.6M | $687.5M | $706.8M | $609.6M |
| Other current assets | $56.4M | $52.2M | $109.0M | $53.7M | $73.3M | $72.2M | $76.9M | $92.2M | $78.5M | $66.7M | $84.8M | $70.1M |
| Total current assets | $675.1M | $732.6M | $782.3M | $719.2M | $740.0M | $833.7M | $797.5M | $777.4M | $822.0M | $911.3M | $887.3M | $881.9M |
| Property, plant & equipment (net) | $174.8M | $178.7M | $183.3M | $220.6M | $223.6M | $227.9M | $227.8M | $232.1M | $235.2M | $222.0M | $216.9M | $217.2M |
| Goodwill & intangible assets | $380.9M | $381.5M | $387.7M | $389.2M | $536.5M | $538.5M | $540.2M | $542.0M | $543.9M | $545.9M | $547.8M | $548.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $73.2M | $83.1M | $88.8M | $74.9M | $40.4M | $43.6M | $46.1M | $38.6M | $34.8M | $33.5M | $41.1M | $41.1M |
| Total assets | $1.30B | $1.38B | $1.44B | $1.40B | $1.54B | $1.64B | $1.61B | $1.59B | $1.64B | $1.71B | $1.69B | $1.69B |
| Liabilities | ||||||||||||
| Accounts payable | $37.1M | $40.5M | $42.8M | $43.8M | $32.5M | $45.3M | $29.3M | $32.1M | $27.9M | $41.4M | $18.9M | $27.1M |
| Short-term debt | $445.4M | $513.5M | $581.4M | $514.2M | $490.2M | $552.2M | $521.5M | $467.0M | $510.8M | $603.5M | $583.8M | $532.9M |
| Deferred revenue | $32.6M | $38.4M | $26.0M | $29.3M | $33.9M | $49.7M | $53.5M | $64.0M | $43.4M | $46.5M | $51.0M | $51.6M |
| Total current liabilities | $553.6M | $632.3M | $690.0M | $631.3M | $603.3M | $696.8M | $644.9M | $607.7M | $638.9M | $750.1M | $699.0M | $669.0M |
| Long-term debt | $324.2M | $330.0M | $325.8M | $334.2M | $381.5M | $400.5M | $412.6M | $414.9M | $417.6M | $410.7M | $433.7M | $428.4M |
| Lease obligations | $121.1M | $125.1M | $128.3M | $132.6M | $134.9M | $138.9M | $139.1M | $141.7M | $145.1M | $135.5M | $136.2M | $137.9M |
| Other long-term liabilities | $140.1M | $144.1M | $148.7M | $153.4M | $162.4M | $164.8M | $170.5M | $176.6M | $179.0M | $169.3M | $176.1M | $177.7M |
| Total liabilities | $1.02B | $1.11B | $1.16B | $1.12B | $1.15B | $1.26B | $1.23B | $1.20B | $1.24B | $1.33B | $1.31B | $1.28B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $166,000 | $166,000 | $166,000 | $164,000 | $163,000 | $163,000 | $162,000 | $161,000 | $160,000 | $160,000 | $159,000 | $158,000 |
| Retained earnings (deficit) | $36.0M | $24.3M | $37.2M | $45.0M | $158.0M | $147.3M | $147.7M | $159.6M | $169.0M | $154.3M | $158.3M | $165.4M |
| Accumulated other comprehensive income | $1.6M | $612,000 | −$983,000 | −$643,000 | −$369,000 | $1.2M | $3.7M | −$1.9M | $2,000 | −$3,000 | −$6,999 | $1,000 |
| Minority interest | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $286.1M | $269.4M | $277.5M | $285.0M | $393.2M | $381.6M | $354.8M | $360.8M | $368.6M | $351.7M | $353.0M | $358.6M |
| Key figures | ||||||||||||
| Total debt | $873.9M | $951.7M | $1.13B | $964.4M | $990.2M | $1.08B | $1.06B | $1.01B | $1.06B | $1.13B | $1.14B | $1.08B |
| Net cash (debt) | −$805.2M | −$883.3M | −$1.10B | −$899.5M | −$920.0M | −$1.01B | −$1.03B | −$991.0M | −$1.02B | −$1.09B | −$1.09B | −$1.00B |
| Working capital | $121.5M | $100.3M | $92.3M | $87.9M | $136.6M | $136.9M | $152.6M | $169.6M | $183.1M | $161.2M | $188.3M | $212.9M |
| Tangible book value | −$94.8M | −$112.0M | −$110.2M | −$104.2M | −$143.3M | −$156.8M | −$185.5M | −$181.2M | −$175.3M | −$194.2M | −$194.8M | −$190.3M |
| Book value per share | $16.87 | $16.22 | $16.78 | $17.40 | $23.91 | $23.90 | $23.92 | $24.74 | $24.76 | $24.12 | $24.28 | $24.97 |
| Shares outstanding | 17.0M | 16.6M | 16.5M | 16.4M | 16.4M | 16.0M | 14.8M | 14.6M | 14.9M | 14.6M | 14.5M | 14.4M |
| Current ratio | 1.22 | 1.16 | 1.13 | 1.14 | 1.23 | 1.20 | 1.24 | 1.28 | 1.29 | 1.21 | 1.27 | 1.32 |
| Quick ratio | 0.24 | 0.20 | 0.10 | 0.20 | 0.25 | 0.23 | 0.13 | 0.16 | 0.23 | 0.21 | 0.14 | 0.30 |
| Debt / equity | 3.06 | 3.53 | 4.07 | 3.38 | 2.52 | 2.82 | 2.98 | 2.79 | 2.87 | 3.23 | 3.23 | 3.02 |
| Equity / assets | 21.9% | 19.6% | 19.2% | 20.3% | 25.5% | 23.2% | 22.0% | 22.7% | 22.5% | 20.5% | 20.8% | 21.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 15, 2025); data from EODHD.
ONEW financial position
At the end of fiscal 2025 (September 30, 2025), OneWater Marine had total assets of $1.4 billion (down 11.7% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $285.0 million. It held $52.2 million in cash and short-term investments against $964.4 million of debt, net debt of $912.2 million. Its current ratio was 1.14. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $286.1 million.
Related: ONEW income statement, ONEW cash flow statement, ONEW key metrics. See the ONEW stock overview for the latest quote and news.
ONEW balance sheet FAQ
What are OneWater Marine's total assets?
OneWater Marine reported total assets of $1.4 billion at the end of fiscal 2025 (September 30, 2025), compared with $1.6 billion a year earlier.
How much debt does OneWater Marine have?
OneWater Marine had $964.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.38.
How much cash does OneWater Marine have?
OneWater Marine held $52.2 million in cash and short-term investments at the end of fiscal 2025; with $964.4 million of debt that is net debt of $912.2 million.
What is OneWater Marine's book value?
OneWater Marine's shareholders' equity (book value) was $285.0 million at the end of fiscal 2025, or $17.96 per share.
What is OneWater Marine's current ratio?
OneWater Marine had current assets of $719.2 million and current liabilities of $631.3 million, a current ratio of 1.14 (it can cover its short-term obligations).
How much goodwill does OneWater Marine have?
OneWater Marine carried $389.2 million of goodwill and intangible assets, 27.7% of total assets, at the end of fiscal 2025.