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Malibu Boats vs NextBoat: MBUU and NXB compared
Malibu Boats is the larger company: $253M of revenue in its latest quarter (Q1 FY27) against $59.1M for NextBoat (Q2 2026). NextBoat is growing faster (+88% against +30% a year earlier). Malibu Boats is more profitable, with an operating margin of 5.2% against -1.8%.
Where the money goes: MBUU and NXB
Malibu Boats (MBUU) · Q1 FY27
Malibu Boats, Q1 FY27: revenue $253M (+30% year over year), operating margin 5.2%, net earnings $6.1M, operating cash flow −$31.1M. The chart follows the revenue to costs, profit and cash.
NextBoat (NXB) · Q2 2026
NextBoat, Q2 2026: revenue $59.1M (+88% year over year), operating margin -1.8%, net loss $2.1M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Malibu Boats (MBUU) | NextBoat (NXB) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $253M | $59.1M |
| Revenue growth, Y/Y | +30% | +88% |
| Gross margin | 15.0% | — |
| Operating margin | 5.2% | -1.8% |
| Net earnings | $6.1M | −$2.1M |
| Net margin | 2.4% | -3.5% |
| Operating cash flow | −$31.1M | $2.8M |
| Free cash flow | — | $2.7M |
Where the revenue comes from
Malibu Boats
- Malibu: $71.5M (28%)
- Saltwater Fishing: $68.9M (27%)
- Cobalt: $61.5M (24%)
- Saxdor: $51.1M (20%)
Questions
Which is bigger, Malibu Boats or NextBoat?
Malibu Boats is the larger company: $253M of revenue in its latest quarter (Q1 FY27) against $59.1M for NextBoat (Q2 2026).
Is Malibu Boats or NextBoat growing faster?
NextBoat is growing faster (+88% against +30% a year earlier).
Which is more profitable, Malibu Boats or NextBoat?
Malibu Boats is more profitable, with an operating margin of 5.2% against -1.8%.
More: Malibu Boats earnings · how Malibu Boats makes money · NextBoat earnings · how NextBoat makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.