MBUUMalibu Boats, Inc.
The business
How MBUU's business earns
Malibu Boats, Inc. earns 2.0% on the capital it employs against an estimated 9.0% cost of capital.
Return on invested capital · cost of capital 9.0% · 7.0 points below the estimated cost of capital
- Operating margin
- 1.8%
Operating margin · Recreational Vehicles median 1.8% · 12 months to Sep 30, 2026
- Cash conversion
- 2.29×
Cash conversion · 3.54× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- +3.1%
Share count, year on year · more shares than a year ago
| Year | Operating margin |
|---|---|
| FY2021 | 16% |
| FY2022 | 18% |
| FY2023 | 10% |
| FY2024 | −6.8% |
| FY2025 | 2.7% |
| FY2026 | 0.34% |
Details›
- Gross margin12 months to Sep 30, 2026
- 16%
- Operating margin12 months to Sep 30, 2026
- 1.8%
- Net margin12 months to Sep 30, 2026
- 0.86%
- Free cash flow margin
- 0.12%
- Revenue, trailing twelve months
- $973M
- Free cash flow, trailing twelve months
- $1.2M
- Net income, trailing twelve months
- $8.4M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from MBUU and who it buys from, as the companies report it.
- ONEWOneWater Marine Inc.22%
Share of revenue · FY2026 10-K
- Top ten dealers62%
Combined share of revenue · FY2026 10-K
None disclosed.
Recreational Vehicles
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