Filing Flows › OneWater Marine (ONEW) › Q3 FY26 › vs Q3 FY25
OneWater Marine (ONEW) Q3 FY26 vs Q3 FY25 (year over year)
OneWater Marine's revenue fell $22.2M (-4%) from $553M in Q3 FY25 to $531M in Q3 FY26. The biggest changes: Service, parts & other −$10.6M (-13%); New boat −$6.2M (-2%); Pre-owned boat −$4.9M (-4%). Operating margin 6.7% against 5.5% (+1.2 pts).
OneWater Marine, Q3 FY26: revenue $531M (-4% year over year), operating margin 6.7%, net earnings $11.7M, operating cash flow $80.4M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 6.7% | 5.5% | +1.2 pts |
| Net margin | 2.2% | 1.9% | +0.3 pts |
| Free cash flow margin | 14.6% | 16.1% | -1.5 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| New boat | $320M | $326M | −$6.2M | -2% |
| Pre-owned boat | $121M | $126M | −$4.9M | -4% |
| Service, parts & other | $72.4M | $83.0M | −$10.6M | -13% |
| Finance & insurance income | $17.3M | $17.8M | −$489K | -3% |
| Revenue | $531M | $553M | −$22.2M | -4% |
| Operating profit | $35.6M | $30.4M | $5.3M | +17% |
| Costs & expenses | $495M | $522M | −$27.4M | -5% |
| Pre-tax earnings | $22.0M | $14.2M | $7.7M | +54% |
| Other expense, net | $13.7M | $16.2M | −$2.5M | -15% |
| Cost of revenue | $403M | $424M | −$21.0M | -5% |
| SG&A | $87.2M | $92.1M | −$4.9M | -5% |
| Other operating costs | $4.6M | $6.1M | −$1.6M | -25% |
| Net earnings | $11.7M | $10.7M | $958K | +9% |
| Income tax | $10.3M | $3.5M | $6.8M | +193% |
| Depreciation & amortization | $4.4M | $6.3M | −$1.9M | -31% |
| Share-based compensation | $4.0M | $2.5M | $1.5M | +63% |
| Working capital & other | $60.3M | $71.3M | −$11.0M | -15% |
| Operating cash flow | $80.4M | $90.8M | −$10.4M | -12% |
| Free cash flow (OCF − capex) | $77.6M | $88.9M | −$11.3M | -13% |
| Capital expenditures | $2.8M | $1.9M | $830K | +43% |
Questions
How much did OneWater Marine's revenue grow year over year in Q3 FY26?
OneWater Marine's revenue fell $22.2M (-4%) from $553M in Q3 FY25 to $531M in Q3 FY26.
What drove OneWater Marine's revenue change in Q3 FY26?
Service, parts & other −$10.6M (-13%); New boat −$6.2M (-2%); Pre-owned boat −$4.9M (-4%).