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OneWater Marine Inc. (ONEW) Stock Fundamental Analysis & AI Rating 2026

ONEW Nasdaq Retail-Auto & Home Supply Stores DE CIK: 0001772921
Recently Updated • Analysis: Apr 13, 2026 • SEC Data: 2025-12-31
STRONG SELL
92% Conf
Pending
Analysis scheduled

📊 ONEW Key Takeaways

Revenue: $380.6M
Net Margin: -2.0%
Free Cash Flow: $-78.2M
Current Ratio: 1.13x
Debt/Equity: 1.17x
EPS: $2.77
AI Rating: STRONG SELL with 92% confidence
OneWater Marine Inc. (ONEW) receives a STRONG SELL rating with 92% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $380.6M, net profit margin of -2.0%, and return on equity (ROE) of -2.8%, OneWater Marine Inc. demonstrates mixed fundamentals in the Automotive sector. Below is our complete ONEW stock analysis for 2026.

Is OneWater Marine Inc. (ONEW) a Good Investment?

Claude

OneWater Marine exhibits severe operational and financial distress despite modest revenue growth. The company is experiencing significant cash burn (-76.3M operating cash flow, -78.2M free cash flow), negative profitability (-2.0% net margin), and cannot cover interest obligations. High leverage (1.17x debt/equity) combined with critically low liquidity (0.26x quick ratio) and minimal cash reserves (32.2M) relative to 325.8M long-term debt creates acute solvency risk.

Why Buy OneWater Marine Inc. Stock? ONEW Key Strengths

Claude
  • + Revenue growing 5.6% year-over-year demonstrates underlying market demand
  • + Gross margin of 16.8% is adequate for retail marine distribution
  • + Maintains stockholders' equity base of 277.5M providing some buffer

ONEW Stock Risks: OneWater Marine Inc. Investment Risks

Claude
  • ! Severe negative operating cash flow of -76.3M indicates fundamental inability to generate cash from core operations
  • ! Negative interest coverage ratio (-0.6x) means company cannot service debt from operating income; relies on asset liquidation or financing
  • ! Critical liquidity crisis with quick ratio of only 0.26x and 32.2M cash against 325.8M long-term debt; current ratio of 1.13x near distress levels
  • ! Persistent operating losses (-5.2M) and net losses (-7.7M) despite revenue growth signal severe operational inefficiency or margin compression

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory and return to positive cash generation
  • * Path to operating profitability and margin expansion
  • * Debt reduction and liquidity position; cash burn rate sustainability

OneWater Marine Inc. (ONEW) Financial Metrics & Key Ratios

Revenue
$380.6M
Net Income
$-7.7M
EPS (Diluted)
$2.77
Free Cash Flow
$-78.2M
Total Assets
$1.4B
Cash Position
$32.2M

💡 AI Analyst Insight

OneWater Marine Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

ONEW Profit Margin, ROE & Profitability Analysis

Gross Margin 16.8%
Operating Margin -1.4%
Net Margin -2.0%
ROE -2.8%
ROA -0.5%
FCF Margin -20.6%

ONEW vs Automotive Sector: How OneWater Marine Inc. Compares

How OneWater Marine Inc. compares to Automotive sector averages

Net Margin
ONEW -2.0%
vs
Sector Avg 6.0%
ONEW Sector
ROE
ONEW -2.8%
vs
Sector Avg 12.0%
ONEW Sector
Current Ratio
ONEW 1.1x
vs
Sector Avg 1.2x
ONEW Sector
Debt/Equity
ONEW 1.2x
vs
Sector Avg 1.0x
ONEW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is OneWater Marine Inc. Stock Overvalued? ONEW Valuation Analysis 2026

Based on fundamental analysis, OneWater Marine Inc. shows some fundamental concerns relative to the Automotive sector in 2026.

Return on Equity
-2.8%
Sector avg: 12%
Net Profit Margin
-2.0%
Sector avg: 6%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.17x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

OneWater Marine Inc. Balance Sheet: ONEW Debt, Cash & Liquidity

Current Ratio
1.13x
Quick Ratio
0.26x
Debt/Equity
1.17x
Debt/Assets
80.8%
Interest Coverage
-0.60x
Long-term Debt
$325.8M

ONEW Revenue & Earnings Growth: 5-Year Financial Trend

ONEW 5-year financial data: Year 2021: Revenue $1.2B, Net Income $17.4M, EPS N/A. Year 2022: Revenue $1.7B, Net Income $17.4M, EPS N/A. Year 2023: Revenue $1.9B, Net Income $79.1M, EPS N/A. Year 2024: Revenue $1.9B, Net Income $130.9M, EPS N/A. Year 2025: Revenue $1.9B, Net Income -$38.6M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: OneWater Marine Inc.'s revenue has grown significantly by 58% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.00 indicates the company is currently unprofitable.

ONEW Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-20.6%
Free cash flow / Revenue

ONEW Quarterly Earnings & Performance

Quarterly financial performance data for OneWater Marine Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $375.8M -$7.7M N/A
Q3 2025 $542.4M -$1.6M N/A
Q2 2025 $483.5M -$368.0K N/A
Q1 2025 $364.0M -$7.2M N/A
Q3 2024 $542.4M $3.5M N/A
Q2 2024 $488.3M -$4.0M N/A
Q1 2024 $364.0M -$7.2M N/A
Q3 2023 $568.9M $28.6M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

OneWater Marine Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$76.3M
Cash generated from operations
Capital Expenditures
$1.9M
Investment in assets
Dividends
None
No dividend program

ONEW SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for OneWater Marine Inc. (CIK: 0001772921)

📋 Recent SEC Filings

Date Form Document Action
Feb 19, 2026 4 xslF345X05/wk-form4_1771535598.xml View →
Feb 19, 2026 8-K onew-20260219.htm View →
Feb 13, 2026 4 xslF345X05/wk-form4_1771022265.xml View →
Feb 13, 2026 4 xslF345X05/section16.xml View →
Feb 13, 2026 4 xslF345X05/form4.xml View →

Frequently Asked Questions about ONEW

What is the AI rating for ONEW?

OneWater Marine Inc. (ONEW) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ONEW's key strengths?

Claude: Revenue growing 5.6% year-over-year demonstrates underlying market demand. Gross margin of 16.8% is adequate for retail marine distribution.

What are the risks of investing in ONEW?

Claude: Severe negative operating cash flow of -76.3M indicates fundamental inability to generate cash from core operations. Negative interest coverage ratio (-0.6x) means company cannot service debt from operating income; relies on asset liquidation or financing.

What is ONEW's revenue and growth?

OneWater Marine Inc. reported revenue of $380.6M.

Does ONEW pay dividends?

OneWater Marine Inc. does not currently pay dividends.

Where can I find ONEW SEC filings?

Official SEC filings for OneWater Marine Inc. (CIK: 0001772921) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ONEW's EPS?

OneWater Marine Inc. has a diluted EPS of $2.77.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ONEW a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, OneWater Marine Inc. has a STRONG SELL rating with 92% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ONEW stock overvalued or undervalued?

Valuation metrics for ONEW: ROE of -2.8% (sector avg: 12%), net margin of -2.0% (sector avg: 6%). Compare these metrics with sector averages to assess valuation.

Should I buy ONEW stock in 2026?

Our dual AI analysis gives OneWater Marine Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ONEW's free cash flow?

OneWater Marine Inc.'s operating cash flow is $-76.3M, with capital expenditures of $1.9M. FCF margin is -20.6%.

How does ONEW compare to other Automotive stocks?

Vs Automotive sector averages: Net margin -2.0% (avg: 6%), ROE -2.8% (avg: 12%), current ratio 1.13 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 13, 2026 | Data as of: 2025-12-31 | Powered by Claude AI