Malibu Boats Inc. Class A Common Stock (MBUU) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.77	$0.92	+19.5%	—	$295.5M	—
Q3 26	$0.36	$0.56	+55.6%	—	$235.7M	—
Q2 26	$0.02	-$0.02	-200.0%	—	$188.6M	—
Q4 25	$0.46	$0.42	-8.7%	—	$207M	—
Q3 25	$0.74	$0.72	-2.7%	—	$228.7M	—
Q2 25	$0.18	$0.31	+72.2%	—	$200.3M	—
Q1 25	-$0.08	$0.08	+200.0%	—	$171.6M	—
Q4 24	-$0.32	-$0.39	-21.9%	—	$158.7M	—
Q3 24	$0.48	$0.63	+31.3%	—	$203.4M	—
Q2 24	$0.48	$0.57	+18.7%	—	$211.1M	—
Q1 24	$0.92	$1.13	+22.8%	—	$255.8M	—
Q4 23	$2.32	$2.98	+28.4%	—	$372.3M	—
Q3 23	$2.34	$2.59	+10.7%	—	$375.1M	—
Q2 23	$1.66	$1.83	+10.2%	—	$338.7M	—
Q1 23	$1.68	$1.79	+6.5%	—	$302.2M	—
Q4 22	$2.29	$2.43	+6.1%	—	$353.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.09	—	—	$914.6M	—
FY25	—	$0.76	—	—	$807.6M	—
FY24	—	-$2.74	—	—	$829M	—
FY23	—	$5.1	—	—	$1.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$281.9M	$497M	$684M	$653.2M	$926.5M	$1.2B	$1.4B	$829M	$807.6M	$914.6M
YoY change	+11.5%	+76.3%	+37.6%	-4.51%	+41.9%	+31.1%	+14.3%	-40.3%	-2.59%	+13.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	281.9M	497M	684M	653.2M	926.5M	1.2B	1.4B	829M	807.6M	914.6M
Cost of revenue	206.9M	376.7M	517.7M	503.9M	690M	904.8M	1B	681.9M	663.5M	768.1M
Gross profit	75M	120.3M	166.3M	149.3M	236.5M	310.1M	351.3M	147.1M	144.1M	146.5M
Gross margin	26.6%	24.2%	24.3%	22.9%	25.5%	25.5%	25.3%	17.7%	17.8%	16%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	33.4M	45.1M	62.2M	57.8M	79.5M	89.3M	199.7M	99.1M	115.5M	132.6M
Operating expenses	33.4M	45.1M	62.2M	57.8M	79.5M	89.3M	199.7M	99.1M	115.5M	132.6M
Operating income	39.4M	70.1M	98.1M	85.3M	149.8M	213.8M	144.8M	41.2M	21.8M	3.1M
Operating margin	14%	14.1%	14.3%	13.1%	16.2%	17.6%	10.4%	4.97%	2.69%	0.34%
Non-operating income, net	10.8M	24.7M	149K	2.3M	1M	-983K	-331K	-97.1M	385K	2.9M
Pretax income	48.7M	89.4M	91.8M	83.7M	148.3M	210M	141.5M	-57.8M	20.3M	2.4M
Income tax	17.6M	58.4M	22.1M	19.1M	34M	46.5M	33.6M	-1.3M	5M	740K
Net income	31.1M	31M	69.7M	64.7M	114.3M	163.4M	107.9M	-56.4M	15.2M	1.7M
Net margin	11%	6.23%	10.2%	9.9%	12.3%	13.5%	7.77%	-6.81%	1.89%	0.19%
EBITDA	57M	107.6M	114.2M	106M	173.7M	239.2M	173.2M	74.2M	60.7M	50M
EPS	1.59	1.37	3.17	2.98	5.29	7.6	5.1	-2.74	0.76	0.09
Diluted EPS	1.58	1.36	3.15	2.95	5.23	7.51	5.06	-2.74	0.76	0.09

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	255.8M	211.1M	203.4M	158.7M	171.6M	200.3M	228.7M	207M	194.7M	188.6M	235.7M	295.5M
Cost of revenue	199M	173.6M	163.1M	146.2M	143.4M	162.9M	182.9M	174.3M	166.8M	163.5M	194.4M	243.3M
Gross profit	56.8M	37.5M	40.3M	12.5M	28.2M	37.4M	45.7M	32.7M	27.9M	25.1M	41.3M	52.2M
Gross margin	22.2%	17.8%	19.8%	7.87%	16.4%	18.7%	20%	15.8%	14.3%	13.3%	17.5%	17.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	26.5M	21.1M	25.2M	26.4M	32.1M	32.5M	26.7M	24.2M	27.1M	26.9M	40.1M	38.5M
Operating expenses	26.5M	21.1M	25.2M	26.4M	32.1M	32.5M	26.7M	24.2M	27.1M	26.9M	40.1M	38.5M
Operating income	28.6M	14.7M	13.5M	-15.6M	-5.6M	3.2M	17.4M	6.8M	-842K	-3.5M	-1.9M	9.3M
Operating margin	11.2%	6.97%	6.63%	-9.86%	-3.27%	1.59%	7.6%	3.3%	-0.43%	-1.85%	-0.81%	3.16%
Non-operating income, net	10K	9K	-88.4M	-8.8M	10K	9K	7K	359K	866K	9K	-267K	2.3M
Pretax income	27.7M	14.1M	-75.2M	-24.4M	-6M	2.6M	16.8M	6.8M	-399K	-3.8M	-3.1M	9.7M
Income tax	7M	3.9M	-7.4M	-4.8M	-850K	179K	3.7M	2M	311K	-1.3M	-631K	2.4M
Net income	20.8M	10.1M	-67.8M	-19.6M	-5.1M	2.4M	13.2M	4.8M	-710K	-2.5M	-2.4M	7.4M
Net margin	8.12%	4.81%	-33.3%	-12.3%	-3%	1.21%	5.76%	2.32%	-0.36%	-1.33%	-1.03%	2.49%
EBITDA	36.7M	22.8M	21.7M	-7M	3.5M	12.7M	27.3M	17.3M	9.9M	6.3M	9M	24.7M
EPS	0.98	0.49	-3.28	-0.94	-0.25	0.12	0.66	0.24	-0.04	-0.13	-0.13	0.37
Diluted EPS	0.98	0.49	-3.28	-0.94	-0.25	0.12	0.66	0.24	-0.04	-0.13	-0.13	0.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	461.7M	—	809.3M	1.1B	1.5B	1.1B	1.2B	716.2M	616.3M	529.5M	455.1M
Enterprise value	482.3M	—	895.6M	1.1B	1.6B	1.1B	1.1B	691.4M	599.7M	625M	580.3M
Shares outstanding	17.8M	20.2M	20.8M	20.7M	20.8M	20.7M	20.5M	20.4M	19.7M	19.3M	19.3M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	14.9	—	11.6	16.6	13.3	6.69	11.1	—	40.4	310.2	259.2
P/S	1.64	—	1.18	1.64	1.64	0.9	0.87	0.86	0.76	0.58	0.5
P/B	8.84	—	3.85	4.1	3.99	2.13	1.95	1.34	1.19	1	0.87
EV/EBITDA	8.46	—	7.84	10.6	9.36	4.73	6.5	9.32	9.87	12.5	8.42
EV/Sales	1.71	—	1.31	1.72	1.75	0.93	0.81	0.83	0.74	0.68	0.64
Earnings yield	6.73%	—	8.61%	6.02%	7.51%	14.9%	8.97%	—	2.47%	0.32%	0.39%
FCF yield	5.76%	—	7.85%	4.92%	6.61%	10%	10.8%	-2.85%	4.64%	8.09%	14.6%
PEG	—	—	—	—	—	—	—	—	—	—	4.79

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	26.6%	24.2%	24.3%	22.9%	25.5%	25.5%	25.3%	17.7%	17.8%	16%	17.7%
Operating margin	14%	14.1%	14.3%	13.1%	16.2%	17.6%	10.4%	4.97%	2.69%	0.34%	5.83%
Net margin	11%	6.23%	10.2%	9.9%	12.3%	13.5%	7.77%	-6.81%	1.89%	0.19%	0.18%
ROE	59.5%	22.1%	33.1%	24.7%	30%	31.8%	17.5%	-10.6%	2.93%	0.32%	0.33%
ROA	13.9%	8.47%	15.4%	13.5%	15.4%	19.2%	11.7%	-7.63%	2.07%	0.17%	1.8%
ROIC	34.6%	13%	25.1%	21.1%	23.8%	30.2%	20.5%	8.07%	3.25%	0.35%	0.35%
Return on tangible assets	17.4%	27.4%	123.6%	68%	163.3%	84.6%	38.3%	-19.7%	5.17%	0.69%	0.69%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.79	2.05	1.69	1.77	1.58	2.14	1.4	1.46	1.63	1.43	1.43
Quick ratio	1.18	1.37	0.79	0.73	0.71	1.02	0.67	0.41	0.58	0.6	0.6
Debt / equity	1.02	0.78	0.54	0.32	0.38	0.24	0	0	0.04	0.32	0.33
Debt / assets	0.24	0.3	0.25	0.18	0.2	0.14	0	0	0.03	0.17	0.17
Net debt / EBITDA	0.36	0.44	0.76	0.48	0.6	0.16	-0.44	-0.33	-0.27	1.91	1.91
Interest coverage	32.2	17.6	15.2	22.5	59.6	74	48.8	-30.4	11.8	1.69	1.69
Effective tax rate	36.1%	65.4%	24.1%	22.8%	22.9%	22.2%	23.7%	0%	24.8%	30.2%	30.2%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	15.8	24.6	32.8	31.6	44.6	58.6	67.7	40.6	41.1	47.4	47.4
EPS (basic)	1.59	1.37	3.17	2.98	5.29	7.6	5.1	-2.74	0.76	0.09	0.09
EPS (diluted)	1.58	1.36	3.15	2.95	5.23	7.51	5.06	-2.74	0.76	0.09	0.09
Book value per share	2.93	6.93	10.1	12.7	18.4	24.8	30	26.2	26.4	27.4	26.7
FCF per share	1.49	2.38	3.05	2.56	4.85	5.29	6.34	-1	1.45	2.22	2.17
Cash per share	1.84	3.05	1.31	1.64	2	4.04	3.85	1.32	1.88	3.85	3.78
Capex per share	0.52	0.51	0.86	1.95	1.48	2.65	2.67	3.71	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.28%	2.07%	2.62%	6.18%	3.31%	4.53%	3.94%	9.15%	—	—	—
Capex / operating cash flow	30.8%	19.7%	24.7%	43.1%	29.7%	35.4%	62.7%	228.9%	—	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$255.8M	$211.1M	$203.4M	$158.7M	$171.6M	$200.3M	$228.7M	$207M	$194.7M	$188.6M	$235.7M	$295.5M
YoY change	-15.3%	-37.7%	-45.8%	-57.4%	-32.9%	-5.11%	+12.4%	+30.4%	+13.5%	-5.82%	+3.08%	+42.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	32.8M	61.6M	27.4M	33.8M	41.5M	83.7M	78.9M	26.9M	37M	74.4M
Receivables	9.8M	24.6M	28M	13.8M	49.8M	51.6M	68.4M	23.1M	23M	33.4M
Inventory	23.8M	44.3M	67.8M	72.9M	116.7M	157M	171.2M	145.6M	142.2M	180.1M
Total current assets	70.1M	133.9M	127.7M	124.5M	212.8M	298.5M	326.3M	202.1M	219.9M	308.5M
Property, plant & equipment	24.1M	40.8M	65.8M	94.3M	58.3M	89.7M	85.5M	73.6M	64.2M	65.8M
Goodwill & intangibles	44.6M	252.9M	394.9M	382.3M	672.8M	658.2M	644.1M	453.7M	439.9M	749.3M
Total assets	223.7M	365.8M	451.3M	477.3M	742.8M	851.3M	925.9M	739.6M	734.6M	996.2M
Accounts payable	12.7M	24.3M	21.2M	15.8M	46M	44.4M	40.4M	19.2M	24.4M	46.8M
Short-term debt	—	—	—	2M	6.3M	3.7M	2.3M	2.2M	2.4M	4.9M
Total current liabilities	39.2M	65.4M	75.3M	70.2M	134.4M	139.3M	232.4M	138.6M	134.6M	215.4M
Long-term debt	53.4M	108.5M	113.6M	82.8M	139M	118.1M	—	—	18M	165M
Total liabilities	171.4M	225.9M	241M	215.8M	361.6M	337.8M	310.2M	204.9M	214.7M	467.8M
Shareholders' equity	52.2M	139.9M	210.4M	261.5M	381.2M	513.6M	615.8M	534.7M	519.8M	528.4M
Total debt	53.4M	108.5M	113.6M	84.8M	145.3M	121.7M	2.3M	2.2M	20.4M	169.9M
Net debt	20.6M	46.9M	86.2M	51.1M	103.8M	38M	-76.6M	-24.8M	-16.6M	95.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	45.5M	55.7M	47.1M	26.9M	27.7M	35.1M	38.7M	37M	44.1M	28.2M	50.2M	74.4M
Receivables	64.8M	27.5M	45.5M	23.1M	34.8M	16.4M	42.4M	23M	34.5M	14.9M	29.7M	33.4M
Inventory	174.1M	157.8M	154.7M	145.6M	146.9M	144.9M	147.6M	142.2M	145M	146.9M	204.7M	180.1M
Total current assets	296.5M	252.9M	256M	202.1M	221.6M	206.5M	237.9M	219.9M	247.9M	214.7M	307.3M	308.5M
Property, plant & equipment	118.1M	125.4M	84.5M	73.6M	74.4M	70.7M	65.7M	64.2M	60.2M	55.7M	62.4M	65.8M
Goodwill & intangibles	640.2M	637.6M	456.8M	453.7M	450.8M	445.9M	442.7M	439.9M	436.6M	433.3M	783.3M	749.3M
Total assets	922.4M	880M	797.6M	739.6M	759.1M	738.7M	758.8M	734.6M	755.6M	715.7M	1B	996.2M
Accounts payable	38M	28M	39.1M	19.2M	31.6M	28.9M	42.2M	24.4M	39.3M	21.3M	62.5M	46.8M
Short-term debt	2.3M	2.3M	2.2M	2.2M	2.1M	2.3M	2.4M	2.4M	2.4M	2.5M	4.8M	4.9M
Total current liabilities	152.4M	138.9M	153M	138.6M	142.8M	135.6M	148.4M	134.6M	152M	137.7M	233.8M	215.4M
Long-term debt	65M	35M	15M	—	28M	23M	28M	18M	23M	20M	165M	165M
Total liabilities	294.9M	251.3M	235.3M	204.9M	236.8M	224.3M	240.8M	214.7M	235M	216.4M	485.2M	467.8M
Shareholders' equity	627.5M	628.7M	562.3M	534.7M	522.4M	514.4M	517.9M	519.8M	520.6M	499.3M	521.6M	528.4M
Total debt	67.3M	37.3M	17.2M	2.2M	30.1M	25.3M	30.4M	20.4M	25.4M	22.5M	169.8M	169.9M
Net debt	21.9M	-18.4M	-29.9M	-24.8M	2.4M	-9.8M	-8.3M	-16.6M	-18.7M	-5.8M	119.7M	95.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	31.1M	31M	69.7M	64.7M	114.3M	163.4M	107.9M	-56.4M	15.2M	1.7M
Depreciation & amortization	6.7M	12.9M	16M	18.4M	22.9M	26.3M	28.7M	33M	38.6M	44M
Stock-based compensation	2.1M	2.8M	3.4M	3.9M	6.4M	7.4M	7M	6.4M	7M	6.6M
Change in working capital	-3.1M	-11.9M	-20M	1.1M	-45.7M	-45M	-38.3M	47.7M	8M	4.3M
Operating cash flow	30.1M	52.4M	72.7M	93.8M	103.4M	155.6M	87.1M	33.1M	56.5M	67.5M
Capital expenditure	-9.2M	-10.3M	-17.9M	-40.4M	-30.7M	-55.1M	-54.6M	-75.8M	—	—
Investing cash flow	-9.2M	-135.9M	-118M	-40.4M	-181.1M	-61.6M	-54.6M	-75.8M	—	-118.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	-13.8M	0	-34.6M	-7.9M	-29.3M	-36M	-33.9M
Financing cash flow	-19.7M	106.2M	-48.4M	-182.7M	28.2M	-11.7M	-232.9M	-31.7M	-19.1M	111.7M
Net change in cash	1.1M	22.7M	-93.7M	-129.3M	-49.5M	82.3M	-200.4M	-74.4M	37.5M	60.9M
Free cash flow	26.6M	48M	63.6M	52.9M	100.6M	109.8M	129.9M	-20.4M	28.6M	42.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	20.8M	10.1M	-67.8M	-19.6M	-5.1M	2.4M	13.2M	4.8M	-710K	-2.5M	-2.4M	7.4M
Depreciation & amortization	8M	8.1M	8.2M	8.7M	9.1M	9.5M	9.9M	10.1M	9.9M	9.8M	11.2M	13.1M
Stock-based compensation	1.8M	985K	1.9M	1.8M	1.9M	3.1M	304K	1.7M	1.6M	2.1M	1.4M	1.4M
Change in working capital	-2.2M	42.6M	-5.2M	13.2M	353K	15.7M	-15.2M	6.9M	-358K	-290K	1.1M	3.9M
Operating cash flow	33.1M	67.4M	-70.9M	4.3M	5.8M	29.5M	13.7M	21M	6.5M	12.6M	21.4M	26.9M
Capital expenditure	-39.5M	-12.6M	-12M	-11.8M	-8.6M	-5.3M	-6.7M	—	—	—	—	—
Investing cash flow	-39.5M	-12.6M	-12M	-11.8M	-8.6M	-5.3M	-6.7M	—	—	—	—	7.6M
Dividends paid	-776K	-114K	0	—	0	—	—	—	—	—	—	—
Share repurchases	-9.6M	-10.1M	0	-9.6M	-10.5M	-9.7M	-10.1M	-5.7M	0	-20.8M	-13.1M	0
Financing cash flow	119.6M	-70.2M	-19.1M	-25.7M	17.5M	-15.5M	-5.1M	-16M	4.6M	-24.3M	131.9M	-552K
Net change in cash	113.2M	-15.4M	-102.1M	-33.2M	14.6M	8.8M	1.9M	5.1M	11.2M	-11.7M	153.3M	34M
Free cash flow	-87.9M	51.5M	11.5M	4.5M	-17M	22.8M	8.8M	14.1M	2.2M	8.2M	15.5M	16.9M

Malibu Boats Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement