OneWater Marine Income Statement 2025-2011 | ONEW

Brief overview of income trends at OneWater Marine

The conclusions below are based on five years of reported results. Revenue at OneWater Marine moved from 1 billion dollars in 2020 to 1.9 billion dollars in 2025. The total change was +83%, with a CAGR of approximately 12.9%. Revenue followed a strong upward trend without signs of stagnation.

The five-year change in gross profit reached +566.5%: from 64.1 million dollars to 427 million dollars. The relationship between revenue and direct costs remained stable. Gross profit as a share of revenue changed from 6.3% to 22.8%. A wider margin shows that the economics of the core business improved.

Over the period, EBITDA shifted from 81.5 million dollars to −61 million dollars, a change of −174.8%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin moved from 8% to −3.3%. A lower EBITDA share weakens the quality of the result.

Net income moved from $17.4 million at the start to −$115 million at the end. Profit turned into a loss, the most concerning signal in the results.

What the figures show

The financial trajectory is weak and requires a cautious interpretation. The constructive conclusion rests on a larger revenue base and better sales economics. The main areas of concern are a narrow EBITDA buffer, a weaker final result and weaker operating efficiency. Investors should continue to monitor margins, costs, and earnings quality.