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OneWater MarineONEW -1.21%61 Operating Margin % is 3.55% as of Mar. 2026, which is 52% below its 10-year median of 7.41. 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 1,130 Retail - Cyclical companies, OneWater Marine ranks worse than 52.39% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
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 Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) 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 Margin % Related Terms
OneWater Marine Operating Margin % Historical Data
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The historical data trend for OneWater Marine's Operating 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: Operating Margin % Comparison
For the Specialty Retail subindustry, OneWater Marine's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, OneWater Marine's Operating Margin % distribution charts can be found below:
* The bar in red indicates where OneWater Marine's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
OneWater Marine's Operating Margin % for the fiscal year that ended in Sep. 2025 is calculated as
* 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 (ONEW) has a Operating Margin % of 3.55% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on OneWater Marine and its competitors. This is 52% below median its historical median of 7.41. Over the past decade, OneWater Marine's Operating Margin % has ranged from 3.32 to 13.52. According to the industry distribution chart, OneWater Marine ranks #592 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 52.4%.
Is OneWater Marine's Operating Margin % too high?
OneWater Marine's current Operating Margin % of 3.55% is 52% below median its 10-year median of 7.41. Over the past 10 years, this metric has ranged from a low of 3.32 to a high of 13.52. The Retail - Cyclical industry median Operating Margin % is 3.92. OneWater Marine's value of 3.55% is 9.4% below this industry median. Based on the distribution chart, OneWater Marine ranks #592 out of 1130 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 Operating Margin % compare to EVGO and FLWS?
According to the Retail - Cyclical industry distribution chart, OneWater Marine ranks #592 out of 1130 companies for Operating Margin %. This places OneWater Marine in the lower half of its industry. The industry median Operating Margin % is 3.92. OneWater Marine's value of 3.55% is 9.4% below this benchmark. Historically, OneWater Marine's own Operating Margin % has ranged from 3.32 to 13.52 over the past decade. While the company's 10-year median is 7.41 vs. the industry median of 3.92, 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 Operating Margin % for a Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.92, based on 1,130 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. OneWater Marine's current Operating Margin % of 3.55% is 9.4% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on OneWater Marine and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OneWater Marine's current Operating Margin % is 3.55%, which is 52% below median its own 10-year median of 7.41. 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 Operating Margin % is 3.55%, which is 52% below median its 10-year median of 7.41 and 9.4% below the Retail - Cyclical industry median of 3.92. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For OneWater Marine (ONEW), the current Operating Margin % is 3.55% 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:
Operating Margin %: 3.55% (52% below median its 10-year median of 7.41)
GF Value™: $18.59 vs. price of $12.25 (34.1% below fair value)
Industry Position: 9.4% below the Retail - Cyclical median (#592 of 1130)
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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