# OneWater Marine Inc. (ONEW) · Edgar & Edgarette company card

> OneWater Marine (ONEW) grew revenue 5.6% in FY2025 to $1.9 billion, operating margin -4.6% against a 4.0% median for auto & home supply stores, equity 20.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1772921 · fiscal year ended 2025-09-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/ONEW) · [JSON](https://www.pops4.com/boards/company/ONEW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.9B |
| Revenue growth, 1 year | 5.6% |
| Revenue growth per year | 11.1% |
| Operating margin | -4.6% (prior year 3.7%) |
| Net margin | -6.2% |
| Operating cash flow | $92M |
| Capital spending | $12M |
| Free cash flow | $80M |
| Cash | $65M |
| Long-term debt | $412M |
| Total assets | $1.4B |
| Total equity | $285M |
| Equity ÷ assets | 20.3% |
| Return on equity | -40.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 0.37 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -3.33 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -4.6% in FY2025
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $1.9B (FY2025), total debt $412.1M. Experience: revenue up 5.6% on the year, up 11.1% a year over 4 years; operating margin -4.6%, down from 3.7%. Soundness: equity 20.3% of assets, return on equity -40.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.5B and $2.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.3B to $2.8B. A statistical range, not company guidance. Against peers (17 filers, $50M+ revenue, its industry group): operating margin -4.6% against a 4.0% median; growth 5.6% against 4.2%.

Range logged 2026-09-25, receipt fa9b1224ba14bc49, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000046/0001772921-26-000046-index.htm))

## Recent filings

- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000046/0001772921-26-000046-index.htm)
- 10-Q · filed 2026-07-31 · [filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000044/0001772921-26-000044-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000041/0001772921-26-000041-index.htm)
- 10-Q · filed 2026-05-04 · [filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000037/0001772921-26-000037-index.htm)
- 8-K · filed 2026-04-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000034/0001772921-26-000034-index.htm)
- 8-K · filed 2026-02-19 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1772921/000177292126000030/0001772921-26-000030-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001772921.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1772921

## Cite

POPS4, Edgar & Edgarette: OneWater Marine Inc. (ONEW) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/ONEW. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.