OneWater Marine Inc Class A (ONEW)

The past six months have seen several events impacting OneWater Marine's stock price. The company released its Q3 2025 earnings, reporting an EPS of $0.79, which missed analysts' consensus estimates of $1.12, though quarterly revenue of $552.86 million surpassed the consensus estimate. OneWater Marine formalized leadership titles to reflect its day-to-day management structure. The company announced its fiscal fourth quarter and full-year 2025 results and provided its outlook for fiscal year 2026, alongside extending its term loan and floor plan credit facilities. The Q3 results were met with a negative market reaction as profitability metrics fell short of expectations. The stock hit a new 52-week low of $10.32 on November 20, 2025, reflecting ongoing financial difficulties. The share price on December 18, 2025, was $10.54, marking a 42.81% decline from $18.43 per share on December 19, 2024. On January 9, 2026, the stock price increased by 1.93% to $13.17, though the overall trend in the past 10 days has been a decline of 24.83%.

Demand for OneWater Marine's products and services is subject to seasonal cycles, with the recreational boating season typically winding down during the fall and winter months. During off-peak seasons, dealerships focus on services such as winterization, shrink wrapping, accessory sales, boat storage, and upselling service department offerings. Seasonality began to return to normal patterns in 2022 after being less pronounced in 2020 and 2021 due to the COVID-19 pandemic. The Consumer Discretionary sector, including OneWater Marine, has observed a period of seasonal strength from October 17 to April 12.

OneWater Marine, Inc. is a recreational marine retailer in the United States, operating in the Retail sector, specifically in the Automotive Retail, Specialty Retail, and Auto - Recreational Vehicles industries. The company operates through two segments: Dealership and Distribution. The Dealership segment offers boats, parts, accessories, repair, maintenance, storage, and marina services, and facilitates financing and insurance. The Distribution segment focuses on manufacturing, assembly, and distribution of marine-related products.

OneWater Marine is headquartered in Buford, Georgia, and has a broad geographic presence across the United States. The company operates over 98 retail locations in 19 states, including Alabama, Florida, Georgia, Massachusetts, Maryland, South Carolina, Texas, and Virginia.

In the past year, OneWater Marine has focused on strategic growth and operational efficiency. The company completed the acquisition of American Yacht Group in February 2025, expanding its market presence and offerings. OneWater Marine emphasizes maintaining the unique identity and strong customer relationships of its acquired dealerships. Management also reported a "clean exit from selected brands" and implemented "disciplined inventory management" and "cost actions" to position the company for long-term stability and margin improvement. No specific negative events directly impacting the company's brand reputation were prominently reported during this period.

OneWater Marine's ownership includes a significant institutional presence and notable insider holdings. Institutional ownership accounts for approximately 75.11% to 75.95% of the total shares outstanding, with major shareholders including American Century Companies Inc., Royce & Associates Lp, BlackRock, Inc., Capital World Investors, Vanguard Group Inc, and Dimensional Fund Advisors Lp. Insider ownership ranges from approximately 4.87% to 43.63%, with key individuals including Philip Austin Jr. Singleton and Teresa D. Bos. The company's dual-class share structure also influences voting power distribution.