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OneWater MarineONEW -1.21%61 Gross Margin % is 23.86% as of Mar. 2026, which is 4% above its 10-year median of 23.02. GuruFocus rates ONEW with a GF Score™ of 61/100 and a GF Value™ of $18.59 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,119 Retail - Cyclical companies, OneWater Marine ranks worse than 72.92% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
OneWater Marine had a gross margin of 23.86% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
OneWater Marine Gross Margin % Related Terms
OneWater Marine Gross Margin % Historical Data
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The historical data trend for OneWater Marine's Gross Margin % 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.
ONEW vs EVGO, FLWS, HTLM: Gross Margin % Comparison
For the Specialty Retail subindustry, OneWater Marine's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
OneWater Marine Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, OneWater Marine's Gross Margin % distribution charts can be found below:
* The bar in red indicates where OneWater Marine's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
OneWater Marine (ONEW) has a Gross Margin % of 23.86% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on OneWater Marine and its competitors. This is near median its historical median of 23.02. Over the past decade, OneWater Marine's Gross Margin % has ranged from 21.89 to 31.73. According to the industry distribution chart, OneWater Marine ranks #816 out of 1119 companies in the Retail - Cyclical industry, placing it in the top 72.9%.
Is OneWater Marine's Gross Margin % too high?
OneWater Marine's current Gross Margin % of 23.86% is near median its 10-year median of 23.02. Over the past 10 years, this metric has ranged from a low of 21.89 to a high of 31.73. The Retail - Cyclical industry median Gross Margin % is 36.32. OneWater Marine's value of 23.86% is 34.3% below this industry median. Based on the distribution chart, OneWater Marine ranks #816 out of 1119 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, OneWater Marine has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does OneWater Marine's Gross Margin % compare to EVGO and FLWS?
According to the Retail - Cyclical industry distribution chart, OneWater Marine ranks #816 out of 1119 companies for Gross Margin %. This places OneWater Marine in the lower half of its industry. The industry median Gross Margin % is 36.32. OneWater Marine's value of 23.86% is 34.3% below this benchmark. Historically, OneWater Marine's own Gross Margin % has ranged from 21.89 to 31.73 over the past decade. While the company's 10-year median is 23.02 vs. the industry median of 36.32, OneWater Marine has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.32, based on 1,119 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. OneWater Marine's current Gross Margin % of 23.86% is 34.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on OneWater Marine and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OneWater Marine's current Gross Margin % is 23.86%, which is near median its own 10-year median of 23.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneWater Marine stock overvalued right now?
Based on GuruFocus' analysis, OneWater Marine (ONEW) is currently considered Possible Value Trap. The stock's GF Value™ is $18.59, compared to a current price of $12.25 — trading 34.1% below its estimated fair value. The current Gross Margin % is 23.86%, which is near median its 10-year median of 23.02 and 34.3% below the Retail - Cyclical industry median of 36.32. OneWater Marine's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For OneWater Marine (ONEW), the current Gross Margin % is 23.86% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is OneWater Marine (ONEW) Overvalued in 2026?
Based on GuruFocus' analysis, OneWater Marine stock appears to be undervalued.
The current stock price of $12.25 is trading 34.1% below its estimated GF Value™ of $18.59.
GuruFocus considers OneWater Marine to be Possible Value Trap.
Key valuation signals for ONEW:
Gross Margin %: 23.86% (near median its 10-year median of 23.02)
GF Value™: $18.59 vs. price of $12.25 (34.1% below fair value)
Industry Position: 34.3% below the Retail - Cyclical median (#816 of 1119)
No single metric tells the full story. See the ONEW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
61GF Score
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