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Advance Auto Parts vs OneWater Marine: AAP and ONEW compared
Advance Auto Parts is the larger company: $2.0B of revenue in its latest quarter (Q3 2026) against $531M for OneWater Marine (Q3 FY26). Advance Auto Parts is growing faster (-1% against -4% a year earlier). OneWater Marine is more profitable, with an operating margin of 6.7% against 2.3%.
Where the money goes: AAP and ONEW
Advance Auto Parts (AAP) · Q3 2026
Advance Auto Parts, Q3 2026: revenue $2.0B (-1% year over year), operating margin 2.3%, net earnings $15.0M, operating cash flow $59.0M. The chart follows the revenue to costs, profit and cash.
OneWater Marine (ONEW) · Q3 FY26
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.
| Advance Auto Parts (AAP) | OneWater Marine (ONEW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $2.0B | $531M |
| Revenue growth, Y/Y | -1% | -4% |
| Gross margin | 44.6% | — |
| Operating margin | 2.3% | 6.7% |
| Net earnings | $15.0M | $11.7M |
| Net margin | 0.7% | 2.2% |
| Operating cash flow | $59.0M | $80.4M |
| Free cash flow | — | $77.6M |
| Market value | $2.8B | $160M |
| P/E | 40.9× | — |
| Analysts’ mean target | $49.15 | $13.00 |
Where the revenue comes from
OneWater Marine
- New boat: $320M (60%)
- Pre-owned boat: $121M (23%)
- Service, parts & other: $72.4M (14%)
- Finance & insurance income: $17.3M (3%)
Questions
Which is bigger, Advance Auto Parts or OneWater Marine?
Advance Auto Parts is the larger company: $2.0B of revenue in its latest quarter (Q3 2026) against $531M for OneWater Marine (Q3 FY26).
Is Advance Auto Parts or OneWater Marine growing faster?
Advance Auto Parts is growing faster (-1% against -4% a year earlier).
Which is more profitable, Advance Auto Parts or OneWater Marine?
OneWater Marine is more profitable, with an operating margin of 6.7% against 2.3%.
More: Advance Auto Parts earnings · how Advance Auto Parts makes money · OneWater Marine earnings · how OneWater Marine makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Jul 31, 2026). Fiscal quarters can end on different dates. Not investment advice.