Filing Flows › MasterCraft Boat Holdings (MCFT) › Q2 FY26
MasterCraft Boat Holdings (MCFT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
MasterCraft Boat Holdings (MCFT) reported revenue of $71.8M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +4% from the quarter before. Operating margin was 3.8%, net earnings $2.5M (3.5% of revenue).
MasterCraft Boat Holdings, Q2 FY26: revenue $71.8M (+13% year over year), operating margin 3.8%, net earnings $2.5M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.8M | +4% | +13% |
| Gross profit | $15.5M | +0.9% | +43% |
| Operating profit | $2.7M | -28% | 15× |
| Net earnings | $2.5M | -31% | -8% |
| Operating cash flow | $15.6M | — | +142% |
| Free cash flow | $14.0M | — | +245% |
What changed
Revenue was $71.8M in Q2 FY26, up 13% year over year and up 4% from the previous quarter. Boats and Trailers was the largest line at 96% of revenue. Boats and Trailers added $8.8M year over year (up 15%), 105% of the total change. Parts declined 20%.
Gross margin was 21.6%, up 4.4 points from Q2 FY25. Operating profit was $2.7M, a 3.8% margin (up 3.5 points year over year). Of the extra revenue versus Q2 FY25, 30% reached operating profit, above the 0% margin then. Operating expenses grew 20% against revenue growth of 13%. The fastest-growing cost line was General & admin (+21%). Net earnings were $2.5M, down 8% year over year. The effective tax rate was 25.6%.
Operating cash flow was $15.6M (up 142% year over year), 617% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $9.6M. Capital expenditures of $1.6M left free cash flow of $14.0M.
Questions
What was MasterCraft Boat Holdings' revenue in the second quarter fiscal 2026?
MasterCraft Boat Holdings (MCFT) reported revenue of $71.8M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +4% from the quarter before.
Was MasterCraft Boat Holdings profitable in the second quarter fiscal 2026?
Operating profit was $2.7M (3.8% of revenue) and net earnings $2.5M.