ONEW (OneWater Marine) Total Operating Expense: $356 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ONEW OneWater Marine Inc ONEW
61 GF Score
Price $12.25
GF Value $18.59
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is OneWater Marine Total Operating Expense?

OneWater Marine ONEW -1.21% 61 Total Operating Expense is $356 Mil as of Mar. 2026. 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.

OneWater Marine's Total Operating Expense for the three months ended in Mar. 2026 was $90 Mil. OneWater Marine's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $356 Mil.

OneWater Marine Total Operating Expense Related Terms

OneWater Marine Total Operating Expense Historical Data

* Premium members only.

The historical data trend for OneWater Marine's Total Operating Expense 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.

OneWater Marine Total Operating Expense Chart

OneWater Marine Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only 204.46 317.72 369.42 352.08 364.92

OneWater Marine Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense 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 97.73 89.50 85.76 89.84 91.32
ONEW
61GF Score
OneWater Marine Inc ONEW
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OneWater Marine Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $356 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.

What does a Total Operating Expense of $356 Mil mean?
OneWater Marine (ONEW) has a Total Operating Expense of $356 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on OneWater Marine and its competitors.
Is OneWater Marine's Total Operating Expense too high?
OneWater Marine's current Total Operating Expense is $356 Mil. 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 Total Operating Expense compare to EVGO and FLWS?
OneWater Marine's Total Operating Expense of $356 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Retail - Cyclical company?
A good Total Operating Expense depends on the Retail - Cyclical industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on OneWater Marine and its competitors. OneWater Marine's current Total Operating Expense is $356 Mil. 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 Total Operating Expense is $356 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For OneWater Marine (ONEW), the current Total Operating Expense is $356 Mil 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:

  • Total Operating Expense: $356 Mil
  • GF Value™: $18.59 vs. price of $12.25 (34.1% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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 Business Description

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.
61GF Score

Get the complete analysis for ONEW

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.25
Price
$18.59
GF Value