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OneWater Marine (ONEW) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 31, 2026
OneWater Marine (ONEW) reported revenue of $531M for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and +20% from the quarter before. Operating margin was 6.7%, net earnings $11.7M (2.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $531M | +20% | -4% |
| Operating profit | $35.6M | +367% | +17% |
| Net earnings | $11.7M | — | +9% |
| Operating cash flow | $80.4M | +53% | -12% |
| Free cash flow | $77.6M | +55% | -13% |
What changed
Revenue was $530.7M in Q3 FY26, down 4% year over year and up 20% from the previous quarter. New boat was the largest line at 60% of revenue. Service, parts & other lost $10.6M year over year (down 13%), 48% of the total change.
Operating profit was $35.6M, a 6.7% margin (up 1.2 points year over year). Total costs fell 5% while revenue fell 4%. Net earnings were $11.7M, up 9% year over year. The effective tax rate was 46.9%.
Operating cash flow was $80.4M (down 12% year over year), 688% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $60.3M. Capital expenditures of $2.8M left free cash flow of $77.6M.
Questions
What was OneWater Marine's revenue in the third quarter fiscal 2026?
OneWater Marine (ONEW) reported revenue of $531M for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and +20% from the quarter before.
Was OneWater Marine profitable in the third quarter fiscal 2026?
Operating profit was $35.6M (6.7% of revenue) and net earnings $11.7M.
Source: OneWater Marine 10-Q on SEC EDGAR.