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Malibu Boats (MBUU) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 5, 2026 · Malibu Boats (MBUU) Q1 FY27 earnings results →

Q1 FY27 Revenue up 30% year over year to $253M · 2¢ of every $1 of revenue kept as net profit · operating margin 5.2%

Malibu Boats made $253M in Q1 FY27 (+30% Y/Y): Malibu $71.5M, Saltwater Fishing $68.9M, Cobalt $61.5M. Operating margin 5.2%, net earnings $6.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$253M
Year over year+30%
Operating margin5.2%
Net earnings$6.1M
Operating cash flow−$31.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $252.9M in Q1 FY27, up 30% year over year and down 14% from the previous quarter. Malibu was the largest line at 28% of revenue. Cobalt added $9.8M year over year (up 19%), 17% of the total change. Malibu declined 9%.

Gross margin was 15.0%, up 0.6 points from Q1 FY26. Operating profit was $13.2M, a 5.2% margin (up 5.6 points year over year). Operating expenses fell 14% while revenue rose 30%. The fastest-growing cost line was Other operating costs (+175%). Net earnings were $6.0M. The effective tax rate was 26.6%.

Operating cash flow was −$31.1M. Non-cash charges added back $12.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $51.5M. Capital expenditures of $8.4M exceeded it, leaving free cash flow of −$39.5M.

Quarterly history

Malibu Boats revenue by quarterMalibu Boats revenue by quarter$229MQ3 FY25$207MQ4 FY25$195MQ1 FY26$189MQ2 FY26$236MQ3 FY26$296MQ4 FY26$253MQ1 FY27
Malibu Boats net earnings by quarterMalibu Boats net earnings by quarter$12.9MQ3 FY25$4.7MQ4 FY25−$710KQ1 FY26−$2.5MQ2 FY26−$2.4MQ3 FY26$7.4MQ4 FY26$6.1MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 5, 2026$253M+30%5.2%$6.1M−$31.1M
Q4 FY2610-KAug 27, 2026$296M+43%3.2%$7.4M$26.9M
Q3 FY2610-QMay 7, 2026$236M+3%-0.8%−$2.4M$21.4M
Q2 FY2610-QFeb 5, 2026$189M-6%-1.9%−$2.5M$12.6M
Q1 FY2610-QOct 30, 2025$195M+14%-0.4%−$710K$6.5M
Q4 FY2510-KAug 28, 2025$207M+30%3.3%$4.7M$21.0M
Q3 FY2510-QMay 8, 2025$229M+12%7.6%$12.9M$15.5M

Charts

Malibu Boats: revenue growth, year over year and quarter over quarterMalibu Boats: revenue growth, year over year and quarter over quarterY/YQ/Q+12%Q3 FY25+30%-9%Q4 FY25+14%-6%Q1 FY26-6%-3%Q2 FY26+3%+25%Q3 FY26+43%+25%Q4 FY26+30%-14%Q1 FY27
Latest (Q1 FY27): Y/Y +30%, Q/Q -14%.
Malibu Boats: where the cash came from (+) and went (−), TTM to Q1 FY27Malibu Boats: where the cash came from (+) and went (−), TTM to Q1 FY27Other investing−$118MOther financing$61.6MNet borrowing (+) / repaid (−)$52.0MOperating cash flow$29.9MCapital spending−$28.7MCash drawn (+) / kept (−)$3.8MTaxes on employees’ shares−$1.0MExchange rates$489KAsset & business sales$270K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Malibu Boats: profit against cash, quarter by quarterMalibu Boats: profit against cash, quarter by quarterNet incomeOperating cash flow$2.4M$28.4MQ2 FY25$13.2M$15.5MQ3 FY25$4.8M$21.0MQ4 FY25−$710K$6.5MQ1 FY26−$2.5M$12.6MQ2 FY26−$2.4M$21.4MQ3 FY26$7.4M$26.9MQ4 FY26$6.1M−$31.1MQ1 FY27
Latest (Q1 FY27): Net income $6.1M, Operating cash flow −$31.1M.
Malibu Boats: diluted shares by fiscal yearMalibu Boats: diluted shares by fiscal year21MFY2121MFY2221MFY2320MFY2420MFY2519MFY26
-7.9% since FY21: buybacks shrank the count.
Malibu Boats in its industry: growth against margin (6 companies, SIC 3730)Malibu Boats in its industry: growth against margin (6 companies, SIC 3730)revenue growth, year over year →↑ operating marginmedian +30%median 5%GDHIIMCFTNXBVEEEMBUU (+30%, 5%)
Ship & Boat Building & Repairing; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

Buys from

About Malibu Boats

• We use the terms “Malibu Boats,” the “Company,” “MBI,” “we,” “us,” “our” or similar references to refer (1) prior to the consummation of our initial public offering, or "IPO" on February 5, 2014, to Malibu Boats Holdings, LLC (the “LLC”), and its consolidated subsidiaries and (2) after our IPO, to Malibu Boats, Inc. and its consolidated subsidiaries; • We refer to the owners of membership interests in the LLC immediately prior to the consummation of the IPO, collectively, as our “pre-IPO owners”;

In its own words, from its 10-K, filed Aug 27, 2026.

Malibu Boats against its Ship & Boat Building & Repairing peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +30% against the peers' median +30%. Operating margin: 5.2% against the peers' median 5.2%.

CompanyQuarterRevenueY/YOp. margin
MBUU Malibu BoatsQ1 FY27$253M+30%5.2%
GD General DynamicsQ3 2026$14.6B+13%10.5%
HII Huntington Ingalls IndustriesQ3 2026$3.5B+11%7.0%
MCFT MasterCraft Boat HoldingsQ4 FY26$130M+63%-4.9%
NXB NextBoatQ2 2026$59.1M+88%-1.8%
VEEE Twin Vee PowerCatsQ3 2026$2.8M-19%-112.1%

Source: Malibu Boats 10-Q on SEC EDGAR · CIK 1590976 · Ship & Boat Building & Repairing

Guidance and outlook

Malibu Boats: what its forward-looking statements are about (10-Q filed 2026-11-05)Malibu Boats: what its forward-looking statements are about (10-Q filed 2026-11-05)Other6Demand4Deals2Costs2Margins2Supply chain1Capital spending1
18 statements; tone +0.06 (−1 all cautious, +1 all confident); 3 hedged.
Malibu Boats: outlook statements against the filing beforeMalibu Boats: outlook statements against the filing beforeConfident5Cautious4

13F: who owns MBUU and who is buying

Largest holders of MBUU (13F)Largest holders of MBUU (13F)BlackRock$43.9MPzena Investment Management LLC$40.8MWellington Management Group LLP$34.0MVanguard Group$31.9MLodge Hill Capital, LLC$25.4MDimensional Fund Advisors LP$25.4MVanguard Capital Management LLC$22.0MCooke & Bieler LP$21.8MAmerican Century Companies$18.2MGeode Capital Management, LLC$14.4M
Funds' net buying of MBUU by quarter (13F)Funds' net buying of MBUU by quarter (13F)$6.1M2024-09$10.8M2024-12$13.7M2025-03$8.7M2025-06−$10.0M2025-09−$49.8M2025-12−$8.2M2026-03−$35.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MBUU

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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