Filing Flows › OneWater Marine (ONEW) › Q3 FY25
OneWater Marine (ONEW) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 1, 2025
OneWater Marine (ONEW) reported revenue of $553M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +14% from the quarter before. Operating margin was 5.5%, net earnings $10.7M (1.9% of revenue).
OneWater Marine, Q3 FY25: revenue $553M (+2% year over year), operating margin 5.5%, net earnings $10.7M, operating cash flow $90.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $553M | +14% | +2% |
| Operating profit | $30.4M | +87% | -24% |
| Net earnings | $10.7M | — | -36% |
| Operating cash flow | $90.8M | +219% | -3% |
| Free cash flow | $88.9M | +275% | +2% |
What changed
Revenue was $552.9M in Q3 FY25, up 2% year over year and up 14% from the previous quarter. New boat was the largest line at 59% of revenue. Pre-owned boat added $19.1M year over year (up 18%), 183% of the total change. New boat declined 2%.
Operating profit was $30.4M, a 5.5% margin (down 1.9 points year over year). Operating profit fell $9.6M even though revenue rose $10.4M versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $10.7M, down 27% year over year. The effective tax rate was 24.7%.
Operating cash flow was $90.8M (down 3% year over year), 847% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $71.3M. Capital expenditures of $1.9M left free cash flow of $88.9M.
Questions
What was OneWater Marine's revenue in the third quarter fiscal 2025?
OneWater Marine (ONEW) reported revenue of $553M for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +14% from the quarter before.
Was OneWater Marine profitable in the third quarter fiscal 2025?
Operating profit was $30.4M (5.5% of revenue) and net earnings $10.7M.
Source: OneWater Marine 10-Q on SEC EDGAR.