Company Analysis

OneWater Marine Inc. (ONEW)

Nasdaq: ONEW · Retail-Auto & Home Supply Stores · Buford, GA · filing with the SEC since 2019
Grade4.5
◀ Past 5.6● Present 4.3▶ Future 3.9
1 est.

The grade of OneWater Marine Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.5/10
◀ Past5.625% of the headline
● Present4.345% of the headline
▶ Future3.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.6/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.8/10

Has it survived what it has been through?

2 warning events since 2019; the latest 2022-12-15.

weight 45% of this tense · 58th percentile among 6 sector filers · read for itself

From the record

OneWater Marine Inc.'s filings since 2019 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-12-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.0/10

What has it actually done, year after year?

+12.9% a year over 6 filed years; profitable in 3 of 6.

weight 33% of this tense · 50th percentile among 6 sector filers · read for its customers

From the record

OneWater Marine Inc.'s 6 filed years say what it did: revenue went from $1.0 billion in fiscal 2020 to $1.9 billion in fiscal 2025, up 12.9% a year; it rose in 4 of 5 years; the deepest fall was 8% from fiscal 2023 to fiscal 2024; net income was positive in 3 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.9%top 8% of its family
  • the share of years revenue rosebottom 42% of its family
  • the share of filed years with a profitbottom 25% of its family
  • the deepest fall from a revenue peak8.5%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.0/10

How has it treated the people who own it?

SI estimate 6.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 6 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 6 members with one.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
family median, 6 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: OneWater Marine Inc.'s shareholder treatment is put at 6.0 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 6 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
4.0/10

Is it financially healthy right now?

ROE -41%: lost 41¢ per shareholder dollar. Leverage 80%: owes 80¢ per asset dollar.

weight 45% of this tense · 40th percentile among 6 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-09-30, OneWater Marine Inc. lost about 41 cents for every dollar of shareholders' money, and gross profitability: its products earned about 30 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 80 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 42% of its family
  • return on equitybottom 38% of its family
  • gross profit against assetsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.6/10

How strong is its position in its industry?

bottom 36% of 6 in its family; net margin -6.2%.

weight 33% of this tense · 36th percentile among 6 sector filers · read for its customers

From the record

OneWater Marine Inc.'s standing among 6 graded names in its industry family: revenue of $1.9 billion in fiscal 2025 ranks in the bottom 25% by size; a net margin of -6.2% ranks in the bottom 25%; revenue growth of 2.4% a year over the last 3 filed years ranks in the top 42% (its annual reports).

What it rests on

  • revenue against the family$1.87Bbottom 25% of its family
  • net margin-6.2%bottom 25% of its family
  • three-year revenue growth2.4%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.8/10

What are the people in charge doing?

top 42% of 6 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 58th percentile among 6 sector filers · read for its shareholders

From the record

OneWater Marine Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Aisquith, Anthony M (Chief Executive Officer, as filed), filing under that title since 2025-10-03, 1.1 years (bottom 8% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 6.8 years (top 8%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 11 peopletop 25% of its family
  • the median years the people in charge have filed6.8 yearstop 8% of its family
  • the chief executive's years on the record1.1 yearsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.6/10

How much room does it have to grow?

bottom 36% of 6 in its family for room to expand.

weight 22% of this tense · 36th percentile among 6 sector filers · read for itself

From the record

OneWater Marine Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $65 million against debt of $334 million leaves -19.2% of its assets as net cash, bottom 42% of its family; cash from operations less capital spending is 4.3% of revenue (top 42%); a gross margin of 22.8% (bottom 8%) (its annual report).

What it rests on

  • cash less debt against assets-19.2%bottom 42% of its family
  • cash from operations less capital spending against revenue4.3%top 42% of its family
  • gross margin22.8%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.2/10

What could actually drive growth from here?

bottom 42% of 6 in its family for growth drivers.

weight 45% of this tense · 42nd percentile among 6 sector filers · read for its customers

From the record

OneWater Marine Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.4% a year over the last three filed years against 12.9% over all 6, slowing (bottom 8% of its family); the newest year grew 5.6% (top 42%); capital spending grew 1.8% a year (top 42%) (its annual reports). OneWater Marine Inc. reported 4 product lines in fiscal 2025: New Sales at $1.2 billion (62%), Pre Owned at $364 million (19%), Service Parts Other at $295 million (16%), and 1 more; 4 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-10.5 points a yearbottom 8% of its family
  • the newest year's revenue growth5.6%top 42% of its family
  • three-year growth of capital spending1.8%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.7/10

Did its newest year beat what its own record pointed to?

bottom 37% of 5 in its family for expectations against reality.

weight 33% of this tense · 37th percentile among 5 sector filers · read for its shareholders

From the record

OneWater Marine Inc.'s newest year against its own record: revenue of $1.9 billion in fiscal 2025 came in 4.8% above the $1.8 billion its prior three years' pace pointed to (top 10% of its family); net income of $116 million against a prior three-year average of $36 million (bottom 10%); a net margin of -6.2% against 2.1% before (bottom 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.8%top 10% of its family
  • net income against the prior three years' average-425%bottom 10% of its family
  • net margin against its prior average-8.3 pointsbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ONEW · research, not advice