OneWater Marine Inc. (ONEW) Income Statement
ONEW FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsONEW revenue and net income
Where ONEW's revenue goes
FY2025Each bar shows an amount and its share of revenue. ONEW kept −6.1% of revenue as net income.
ONEW profit margins
ONEW growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.6% | +2.4% | +12.9% | — |
| Gross profit | −6.8% | −9.9% | +11.5% | — |
| Operating income | −4.2% | −34.2% | −4.5% | — |
| Net income | — | — | — | — |
| EPS (diluted) | −765.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ONEW quarterly EPS vs estimates
OneWater Marine beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.01).
ONEW income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.77B | $1.94B | $1.74B | $1.23B | $1.02B | $767.6M | $602.8M | $391.5M |
| Cost of revenue | $1.47B | $1.34B | $1.40B | $1.19B | $870.8M | $787.4M | $595.5M | $465.2M | $305.8M |
| Gross profit | $405.4M | $435.1M | $535.1M | $553.7M | $357.5M | $235.5M | $172.1M | $137.7M | $85.7M |
| Research & development | — | — | $2.2M | $1.3M | — | — | — | — | — |
| Sales, general & admin | $343.3M | $332.7M | $345.5M | $302.1M | $199.0M | $143.6M | $116.5M | $91.3M | $65.4M |
| Total operating expenses | $343.3M | $370.2M | $517.1M | $335.8M | $208.6M | $157.2M | $119.2M | $93.0M | $66.4M |
| Operating income | $62.1M | $64.8M | $18.1M | $217.8M | $148.9M | $78.3M | $54.6M | $44.7M | $19.3M |
| Interest income | — | — | — | — | — | — | $16.0M | $9.4M | $5.0M |
| Interest expense | $28.5M | $71.1M | $59.6M | $17.8M | $6.9M | $17.7M | $16.0M | $9.4M | $5.0M |
| Income before taxes | −$151.5M | −$6.3M | −$42.5M | $195.8M | $142.2M | $54.8M | $37.3M | $1.9M | −$4.3M |
| Income taxes | −$35.3M | −$157,000 | −$3.4M | $43.2M | $25.8M | $6.3M | $16.2M | −$33.4M | $4.7M |
| Net income | −$114.6M | −$5.7M | −$38.6M | $130.9M | $79.1M | $17.4M | $21.1M | $1.1M | −$4.3M |
| EBITDA | −$98.6M | $87.0M | $43.9M | $252.2M | $158.4M | $75.8M | $55.6M | $13.0M | $1.7M |
| EPS (diluted) | −$6.52 | $0.98 | $4.66 | $10.18 | $7.22 | $4.03 | $2.52 | $0.21 | −$0.57 |
| Gross margin | 21.7% | 24.5% | 27.6% | 31.7% | 29.1% | 23.0% | 22.4% | 22.8% | 21.9% |
| Operating margin | 3.3% | 3.7% | 0.9% | 12.5% | 12.1% | 7.7% | 7.1% | 7.4% | 4.9% |
| Net margin | −6.1% | −0.3% | −2.0% | 7.5% | 6.4% | 1.7% | 2.7% | 0.2% | −1.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $530.7M | $442.3M | $380.6M | $460.1M | $552.9M | $483.5M | $375.8M | $377.9M | $542.4M | $488.3M | $364.0M | $451.0M |
| Cost of revenue | $403.2M | $340.9M | $295.6M | $361.4M | $424.2M | $373.1M | $290.8M | $287.2M | $409.8M | $368.0M | $272.6M | $332.0M |
| Gross profit | $127.5M | $101.4M | $85.0M | $98.7M | $128.7M | $110.4M | $85.1M | $90.7M | $132.6M | $120.4M | $91.4M | $119.0M |
| Research & development | — | — | — | — | $400,000 | $300,000 | $438,000 | $1.5M | $300,000 | $300,000 | $283,000 | $10.5M |
| Sales, general & admin | $87.2M | $85.7M | $81.3M | $84.3M | $92.1M | $87.8M | $79.1M | $79.5M | $87.1M | $86.5M | $79.6M | $84.7M |
| Total operating expenses | $91.8M | $85.7M | $81.3M | $84.3M | $98.3M | $94.1M | $87.0M | $86.2M | $92.6M | $106.5M | $85.0M | $236.4M |
| Operating income | $35.6M | $15.7M | $3.6M | $14.4M | $30.4M | $16.3M | −$2.0M | $4.5M | $40.0M | $13.9M | $6.5M | −$117.4M |
| Interest expense | $6.8M | $14.0M | $16.5M | $6.6M | $16.4M | $14.5M | $16.0M | $18.2M | $18.3M | $17.7M | $17.0M | $16.7M |
| Income before taxes | $22.0M | −$7.4M | −$21.1M | −$146.4M | $14.2M | −$523,000 | −$18.9M | −$12.8M | $23.1M | −$6.4M | −$10.2M | −$135.5M |
| Income taxes | $10.3M | $5.5M | −$13.4M | −$33.4M | $3.5M | −$148,000 | −$5.3M | −$2.4M | $6.3M | −$1.8M | −$2.3M | −$24.7M |
| Net income | $11.7M | −$12.9M | −$7.7M | −$113.0M | $10.7M | −$368,000 | −$12.0M | −$9.2M | $14.7M | −$4.0M | −$7.2M | −$98.9M |
| EBITDA | $33.1M | $11.0M | $435,000 | −$133.8M | $37.2M | $23.3M | $6.7M | $11.3M | $47.1M | $34.5M | $11.6M | $35.4M |
| EPS (diluted) | $0.73 | −$0.34 | −$0.04 | −$6.90 | $0.79 | $0.13 | −$0.54 | −$0.36 | $1.05 | $0.67 | −$0.38 | $0.42 |
| Gross margin | 24.0% | 22.9% | 22.3% | 21.4% | 23.3% | 22.8% | 22.6% | 24.0% | 24.4% | 24.6% | 25.1% | 26.4% |
| Operating margin | 6.7% | 3.5% | 1.0% | 3.1% | 5.5% | 3.4% | −0.5% | 1.2% | 7.4% | 2.8% | 1.8% | −26.0% |
| Net margin | 2.2% | −2.9% | −2.0% | −24.5% | 1.9% | −0.1% | −3.2% | −2.4% | 2.7% | −0.8% | −2.0% | −21.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ONEW's financial statements (latest annual report filed December 15, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ONEW financial results
In fiscal year 2025 (ended September 30, 2025), OneWater Marine reported revenue of $1.9 billion, up 5.6% from the year before. It had a net loss of $114.6 million, a net profit margin of −6.1%. Diluted earnings per share came to −$6.52. Over five years revenue grew at an average rate of 12.9% a year.
See the ONEW stock overview for the latest quote and news, or the ONEW chart for price history and technical indicators.
ONEW income statement FAQ
What is OneWater Marine's annual revenue?
OneWater Marine reported total revenue of $1.9 billion for fiscal year 2025, which ended on September 30, 2025. That was up 5.6% from $1.8 billion the previous year.
Is OneWater Marine profitable?
No. OneWater Marine reported a net loss of $114.6 million in fiscal 2025, a net profit margin of −6.1%; its operating margin was 3.3%.
What is OneWater Marine's gross margin?
OneWater Marine's gross margin was 21.7% in fiscal 2025: for every $100 of revenue, OneWater Marine kept $22 after the direct cost of its products and services.
How fast is OneWater Marine growing?
Revenue grew 12.9% a year on average over the last five fiscal years, from $1.0 billion to $1.9 billion.
What are OneWater Marine's earnings per share?
OneWater Marine earned $-6.52 per diluted share in fiscal 2025, compared with $0.98 a year earlier.
When will OneWater Marine report its next earnings?
OneWater Marine is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does OneWater Marine's fiscal year end?
OneWater Marine's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 15, 2025.