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ONEW (OneWater Marine) Operating Income : $63 Mil (TTM As of Mar. 2025)


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What is OneWater Marine Operating Income?

OneWater Marine's Operating Income for the three months ended in Mar. 2025 was $17 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was $63 Mil.

Warning Sign:

OneWater Marine Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. OneWater Marine's Operating Income for the three months ended in Mar. 2025 was $17 Mil. OneWater Marine's Revenue for the three months ended in Mar. 2025 was $484 Mil. Therefore, OneWater Marine's Operating Margin % for the quarter that ended in Mar. 2025 was 3.54%.

Warning Sign:

OneWater Marine Inc operating margin has been in a 5-year decline. The average rate of decline per year is -5.3%.

OneWater Marine's 5-Year average Growth Rate for Operating Margin % was -5.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. OneWater Marine's annualized ROC % for the quarter that ended in Mar. 2025 was 3.26%. OneWater Marine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 7.90%.


OneWater Marine Operating Income Historical Data

The historical data trend for OneWater Marine's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

OneWater Marine Operating Income Chart

OneWater Marine Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Operating Income
Get a 7-Day Free Trial 88.70 153.00 235.94 165.70 82.98

OneWater Marine Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.98 40.46 5.93 -0.32 17.10

OneWater Marine Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $63 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


OneWater Marine  (NAS:ONEW) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

OneWater Marine's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=68.408 * ( 1 - 28.3% )/( (1521.514 + 1483.878)/ 2 )
=49.048536/1502.696
=3.26 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1611.546 - 67.321 - ( 22.711 - max(0, 644.884 - 797.474+22.711))
=1521.514

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1643.664 - 92.325 - ( 67.461 - max(0, 696.777 - 833.703+67.461))
=1483.878

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

OneWater Marine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=64.324/( ( (227.774 + max(615.125, 0)) + (227.911 + max(558.038, 0)) )/ 2 )
=64.324/( ( 842.899 + 785.949 )/ 2 )
=64.324/814.424
=7.90 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.627 + 636.676 + 81.175) - (67.321 + 53.454 + 2.5780000000001)
=615.125

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.005 + 602.364 + 72.239) - (92.325 + 49.667 + 2.578)
=558.038

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

OneWater Marine's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=17.102/483.521
=3.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


OneWater Marine Operating Income Related Terms

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OneWater Marine Business Description

Traded in Other Exchanges
N/A
Address
6275 Lanier Islands Parkway, Buford, GA, USA, 30518
OneWater Marine Inc is a recreational marine retailer in the United States. The company operates in two segments: Dealership and Distribution. The Dealership segment is involved in selling new and pre-owned boats. It also arranges financing and insurance products, provides repairs and maintenance services, offers marine-related parts and accessories, and supplies slip and storage accommodations at certain locations. The Distribution segment focuses on the manufacturing, assembly, and distribution of marine-related products. These products are supplied to distributors, box retailers, and online retailers through a network of warehouses and distribution centers. The company generates the majority of its revenue from the Dealership segment.
Executives
Singleton Philip Austin Jr. director, officer: CEO and Director 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
J Steven Roy director 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Anthony M Aisquith officer: President and COO C/O ONE WATER MARINE INC., 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Jeffrey B. Lamkin director 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
John Schraudenbach director 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Carmen Bauza director 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Mitchell W Legler director C/O STEIN MORT INC, 1200 RIVERPLACE BLVD, JACKSONVILLE FL 32207
Shell Greg Allen Sr. director 200 CLARENDON STREET, BOSTON MA 02116
John Troiano director 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Jack P Ezzell officer: Chief Financial Officer C/O ONEWATER MARINE INC., 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Keith Style director C/O ASBURY AUTOMOTIVE GROUP, INC., 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097
Owmh, Lllp Auburn other: Member of 10% Ownership Group 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Michelle Singleton other: Member of 10% Ownership Group 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Austin Singleton Irrevocable Trust, Dated December 30, 2015 other: Member of 10% Ownership Group 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518
Philip Singleton Irrevocable Trust, Dated December 24, 2015 other: Member of 10% Ownership Group 6275 LANIER ISLANDS PARKWAY, BUFORD GA 30518