Filing Flows

Filing Flows › OneWater Marine (ONEW) › How it makes money

How OneWater Marine (ONEW) makes money

OneWater Marine (ONEW) made $531M of revenue in the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier. New boat brought in $320M (60%); Pre-owned boat brought in $121M (23%); Service, parts & other brought in $72.4M (14%). Of every dollar of revenue, 7¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

OneWater Marine revenue by segment, Q3 FY26OneWater Marine revenue by segment, Q3 FY26New boat$320MPre-owned boat$121MService, parts & other$72.4MFinance & insurance income$17.3M
OneWater Marine: revenue by line, Q4 FY24 to Q3 FY26OneWater Marine: revenue by line, Q4 FY24 to Q3 FY26New boatPre-owned boatService, parts & otherFinance & insurance i…New boat: $320M latest$320MPre-owned boat: $121M latest$121MService, parts & other: $72.4M latest$72.4MFinance & insurance income: $17.3M latestQ4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Service, parts & other went from 20% of revenue in Q4 FY24 to 14% in Q3 FY26, the largest shift in the mix.
OneWater Marine revenue by quarterOneWater Marine revenue by quarter$378MQ4 FY24$484MQ2 FY25$553MQ3 FY25$460MQ4 FY25$381MQ1 FY26$442MQ2 FY26$531MQ3 FY26
OneWater Marine: where each dollar of revenue goesOneWater Marine: where each dollar of revenue goesOperating profit7¢Income tax2¢Net earnings2¢Operating cash flow15¢Free cash flow15¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
New boat$320M60.3%+18%-2%
Pre-owned boat$121M22.8%+28%-4%
Service, parts & other$72.4M13.6%+17%-13%
Finance & insurance income$17.3M3.3%+23%-3%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$531M100.0%
Operating profit$35.6M6.7%
Income tax$10.3M1.9%
Net earnings$11.7M2.2%
Operating cash flow$80.4M15.1%
Free cash flow$77.6M14.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$531M-4%
Q2 FY26$442M-8%
Q1 FY26$381M+1%
Q4 FY25$460M+22%
Q3 FY25$553M+2%
Q2 FY25$484M-1%
Q4 FY24$378M-16%

From OneWater Marine's 10-Q filed Jul 31, 2026 (on EDGAR).

Questions

How does OneWater Marine make money?

OneWater Marine (ONEW) made $531M of revenue in the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier. New boat brought in $320M (60%); Pre-owned boat brought in $121M (23%); Service, parts & other brought in $72.4M (14%). Of every dollar of revenue, 7¢ was left as operating profit, 2¢ was left as net earnings.

What is OneWater Marine's biggest business?

New boat: $320M in the third quarter fiscal 2026, 60% of revenue, -2% from a year earlier.

What is OneWater Marine's profit margin?

Net earnings were $11.7M, 2.2% of revenue, in the third quarter fiscal 2026; the operating margin was 6.7%.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.