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Malibu Boats, Inc. (MBUU) stock

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NASDAQ: MBUU Nasdaq Leisure Products Next results ~November 5, 2026

C+ Fundamentals grade

Malibu Boats, Inc. is a US-listed company in the leisure products industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$11

Cash-flow model

Base case. Range ~$6.8–$16 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 57% below it.

Price used: $24.71, November 2, 2026

Malibu Boats, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds85 adding, 56 cuttingOf 33 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Malibu Boats files

Where Malibu Boats stands after its latest 10-K

Revenue for the twelve months to June 2026 was $915m, up 13.3% on a year earlier, faster than the 8.8% growth a quarter earlier. That growth ranks 4 of 18 among the leisure products companies we cover. Free-cash-flow margin rose to 4.7% from 3.5% a year earlier. Operating margin narrowed to 0.3% from 2.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $8.65 a share, against a share price of $23.22. At that price, our model says the market is pricing in about 17.1% a year of cash-flow growth for five years, faster than the -0.3% a year revenue growth it has delivered.

Source: 10-K filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Malibu Boats, Inc.'s trailing-twelve-month revenue grew 13.3% year on year, with a free-cash-flow margin of 4.7%. Where it stands out: stock pay as % of revenue of 0.6% ranks 4 of 27 leisure products companies we cover. Where it lags: gross margin of 16.0% ranks 25 of 27 leisure products companies we cover.

Our discounted-cash-flow model values the business at ~$11 per share in the base case (~$6.8–$16 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 49.9% while net income fell 88.9%: a 139pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 4.4 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $24.71 is 57% above our value per share of $11.
  • Volatile shares. Over the past year the shares showed annualised volatility of 47% and a beta of 1.3 against the S&P 500.
  • Below peers: gross margin. Gross margin of 16.0% ranks 25 of 27 leisure products companies we cover (median 39.7%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 14.6% over 90 days.

Latest results: FY2026 Q4

Filed August 27, 2026
Earnings per share
$0.92 against an average estimate of $0.77: beat by 19.8%
Revenue
$296m, up 42.7% on a year earlier
Share reaction
+2.7% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Guidance given
net sales $1.08bn to $1.12bn (full fiscal year 2027); adjusted EBITDA $101m to $109m (full fiscal year 2027)
Next report
November 5, 2026; average EPS estimate $0.23

Malibu Boats' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.8%
  • 1 week+13.0%
  • 1 month+7.4%
  • This year-12.4%
  • 1 year-11.3%
  • 5 years-66.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$915M
Operating margin
0.3%
Net margin
0.2%
EPS (TTM, diluted)
$0.09

Growth

Revenue growth
+13.3%
Change in growth rate
+4.4 pts
Share count change
−1.8%

Cash

Free cash flow (TTM)
$42.8M
FCF margin
4.7%
Stock pay % of revenue
0.6%

Earnings

Last results
August 27, 2026
Next results (est.)
November 30, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Leadership
  5. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Malibu Boats, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 17.9% a year of cash-flow growth for five years.That is faster than the -0.3% a year revenue growth Malibu Boats has delivered.

  • Priced in17.9%
  • Last 12 months13.3%
  • 3 years a year-13.0%
  • 5 years a year-0.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($24.34, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$11
Price used
$24.34close November 3, 2026
Implied change
▼ 56%
Uncertainty
High

How we got here: a discounted-cash-flow model of Malibu Boats, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($14.3M, FY2026 Q4 TTM), growing 16.7% and 5.2% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$6.8–~$16 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Malibu Boats, Inc.'s free cash flow after stock-based pay ( $14.3M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Malibu Boats, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$11 ~$6.8–$16 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$51 ~$44–$68 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$28 ~$18–$42 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$28 ~$24–$33 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$25 ~$11–$51 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Malibu Boats, Inc. with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −21%
  • Last year's free-cash-flow margin change, if it persists ▲ +33%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $6$9$14$21$29$40
8.5% $3$6$9$14$20$28
10% $2$4$7$10$15$21

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$12.08$25.87$41.94$38.85$51.95$73.33$52.71$58.66$35.04$31.34$27.43
Market value$217m$464m$851m$815m$1.1bn$1.5bn$1.1bn$1.2bn$716m$617m$531m
+ Net debt (− = net cash)$46m$22m$48m$86m$49m$102m$36m−$79m−$27m−$19m$91m
Enterprise value$263m$487m$899m$901m$1.1bn$1.6bn$1.1bn$1.1bn$689m$598m$621m
Multiples
Price / sales 0.9x1.6x1.7x1.2x1.7x1.7x0.9x0.9x0.9x0.8x0.6x
Price / earnings 12.0x16.4x30.8x12.3x17.6x14.0x7.0x11.6x—41.5xn/m
Price / free cash flow 7.4x17.5x17.7x12.8x20.5x15.3x10.1x9.3x—21.6x12.4x
EV / EBITDA 6.4x10.5x10.8x7.9x10.9x9.5x4.8x6.5x—11.2x17.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

59 /100

Moderate moat

How hard Malibu Boats's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 18.6% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 24.3%, moving by 3.7 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 13.5%; its worst year was -6.7%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 10 years, at a median 9.2% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.9% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $258m and EPS of $0.23 (range $0.16 to $0.38) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.48 +64% $1.1bn +22%
Next $3.09 +24% $1.2bn +8%

Next year's EPS estimate has moved −14.6% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.7% on 90 days ago. In the last 30 days, 0 analysts raised Malibu Boats, Inc.'s forecast and 3 cut it.

Consensus EPS forecast Malibu Boats, Inc., last 90 days
$2.00 $2.50 $3.00 $3.50 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.53 Current fiscal year, 60 days ago: $2.53 Current fiscal year, 30 days ago: $2.48 Current fiscal year, 7 days ago: $2.46 Current fiscal year, Now: $2.48 $2.48 Next fiscal year, 90 days ago: $3.62 Next fiscal year, 60 days ago: $3.62 Next fiscal year, 30 days ago: $3.15 Next fiscal year, 7 days ago: $3.08 Next fiscal year, Now: $3.09 $3.09

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.53$3.62
60 days ago $2.53$3.62
30 days ago $2.48$3.15
7 days ago $2.46$3.08
Now $2.48$3.09

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.77 $0.92 +19.8%
Mar 2026 $0.36 $0.56 +54.5%
Dec 2025 $0.02 −$0.02 −185.7%
Sept 2025 $0.10 $0.15 +57.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 27, 2026
  • net sales full fiscal year 2027 $1.08bn to $1.12bn
    “For the full fiscal year 2027, Malibu anticipates net sales in the range of $1.08 billion to $1.12 billion year-over-year, and Adjusted EBITDA ranging from $101 million to $109 million.” source
  • Adjusted EBITDA full fiscal year 2027 $101m to $109m Non-GAAP
    “For the full fiscal year 2027, Malibu anticipates net sales in the range of $1.08 billion to $1.12 billion year-over-year, and Adjusted EBITDA ranging from $101 million to $109 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Malibu Boats, Inc.'s revenue by +16.7% next year and +5.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+21.5%, weight 54%) , management guidance (+20.3%, weight 20%) and the company's own record (+4.0%, weight 26%) . How the weights are set.

Analyst recommendations

10 analysts, Oct 2026
Buy550%
Hold550%
Sell00%

Monthly trend

  1. Oct 20265510
  2. Sep 20265611
  3. Aug 202614611
  4. Jul 202614611

Counts of recommendations published by analysts covering Malibu Boats, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.9%
of tradable shares
Days to cover
5.63
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
96%
of shares
Held by insiders
2.8%
of shares
Employees
3,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −11.3%

$27.87 on October 31, 2025 to $24.71

ThenNowEffect
Revenue (last 12 months) $808m $915m +13.3%
Net margin 1.8% 0.2% −90.2%
P/E multiple 36.9x n/m +683.9%
Share count 20m 19m +1.8%

Biggest factor: net margin.

Last 3 years −47.0%

$46.65 on November 3, 2023 to $24.71

ThenNowEffect
Revenue (last 12 months) $1.4bn $915m −34.1%
Net margin 7.5% 0.2% −97.6%
P/E multiple 9.2x n/m +3038.7%
Share count 21m 19m +6.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MBUU+10%−23%+3%−31%−25%−12%
Industry peers (median)+17%−40%−8%−23%−4%+8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MBUU50%42%58%42%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MBUU−32%−33%−35%−44%−39%−38%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 77% from March 16, 2021 to October 14, 2026. Getting back needed a 328% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$21.49 – $34.61
From 52-week high
−28.6%
vs 50-day average
+2.9%
vs 200-day average
−8.3%
Volatility (1 year)
47%
Beta vs S&P 500
1.31

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±7.5%
After a week
7 up, 5 down
typical move ±7.8%
After a month
5 up, 7 down
typical move ±12.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 +2.7% +0.4% +0.2% −13.2%
May 7, 2026 +17.1% +0.5% +6.0% +5.4%
February 5, 2026 −9.7% +0.6% −11.8% −25.8%
October 30, 2025 −14.4% −0.8% −17.3% −12.2%
August 28, 2025 −16.0% −0.2% −14.8% −18.0%
May 8, 2025 −1.4% +0.6% +8.3% +8.2%
January 30, 2025 −0.4% 0.0% +2.1% −15.5%
October 31, 2024 +4.1% −1.5% +6.4% +2.8%
August 29, 2024 +4.4% +1.0% +3.9% +11.4%
May 2, 2024 −1.3% +2.2% +8.0% +18.8%
January 30, 2024 −18.2% −1.7% −11.8% −14.5%
October 31, 2023 −0.7% +1.7% −3.5% −2.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Malibu Boats, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Malibu Boats, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Malibu Boats, Inc.
$600M $800M $1B $1.2B $1.4B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $1.3B Revenue (TTM), FY24 Q2: $1.2B Revenue (TTM), FY24 Q3: $1B Revenue (TTM), FY24 Q4: $829M Revenue (TTM), FY25 Q1: $744.8M Revenue (TTM), FY25 Q2: $734M Revenue (TTM), FY25 Q3: $759.2M Revenue (TTM), FY25 Q4: $807.6M Revenue (TTM), FY26 Q1: $830.7M Revenue (TTM), FY26 Q2: $819.1M Revenue (TTM), FY26 Q3: $826.1M Revenue (TTM), FY26 Q4: $914.6M $914.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $1.3B
FY24 Q2 $1.2B
FY24 Q3 $1B
FY24 Q4 $829M
FY25 Q1 $744.8M
FY25 Q2 $734M
FY25 Q3 $759.2M
FY25 Q4 $807.6M
FY26 Q1 $830.7M
FY26 Q2 $819.1M
FY26 Q3 $826.1M
FY26 Q4 $914.6M
Revenue growth, TTM YoY Malibu Boats, Inc.
-60% -40% -20% 0% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 6.2% Revenue growth, TTM YoY, FY24 Q2: -9.3% Revenue growth, TTM YoY, FY24 Q3: -23.9% Revenue growth, TTM YoY, FY24 Q4: -40.3% Revenue growth, TTM YoY, FY25 Q1: -44.5% Revenue growth, TTM YoY, FY25 Q2: -39.6% Revenue growth, TTM YoY, FY25 Q3: -27.2% Revenue growth, TTM YoY, FY25 Q4: -2.6% Revenue growth, TTM YoY, FY26 Q1: 11.5% Revenue growth, TTM YoY, FY26 Q2: 11.6% Revenue growth, TTM YoY, FY26 Q3: 8.8% Revenue growth, TTM YoY, FY26 Q4: 13.3% 13.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 6.2%
FY24 Q2 -9.3%
FY24 Q3 -23.9%
FY24 Q4 -40.3%
FY25 Q1 -44.5%
FY25 Q2 -39.6%
FY25 Q3 -27.2%
FY25 Q4 -2.6%
FY26 Q1 11.5%
FY26 Q2 11.6%
FY26 Q3 8.8%
FY26 Q4 13.3%
Operating margin (TTM) Malibu Boats, Inc.
-20% -10% 0% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 9.3% Operating margin (TTM), FY24 Q2: 7.5% Operating margin (TTM), FY24 Q3: -5.2% Operating margin (TTM), FY24 Q4: -6.7% Operating margin (TTM), FY25 Q1: -12.1% Operating margin (TTM), FY25 Q2: -13.9% Operating margin (TTM), FY25 Q3: -1.2% Operating margin (TTM), FY25 Q4: 2.7% Operating margin (TTM), FY26 Q1: 3.2% Operating margin (TTM), FY26 Q2: 2.4% Operating margin (TTM), FY26 Q3: 0.1% Operating margin (TTM), FY26 Q4: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 9.3%
FY24 Q2 7.5%
FY24 Q3 -5.2%
FY24 Q4 -6.7%
FY25 Q1 -12.1%
FY25 Q2 -13.9%
FY25 Q3 -1.2%
FY25 Q4 2.7%
FY26 Q1 3.2%
FY26 Q2 2.4%
FY26 Q3 0.1%
FY26 Q4 0.3%
FCF margin (TTM) Malibu Boats, Inc.
-5% 0% 5% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 1.7% FCF margin (TTM), FY24 Q2: 5.4% FCF margin (TTM), FY24 Q3: 3.9% FCF margin (TTM), FY24 Q4: -2.5% FCF margin (TTM), FY25 Q1: 6.8% FCF margin (TTM), FY25 Q2: 3.0% FCF margin (TTM), FY25 Q3: 2.5% FCF margin (TTM), FY25 Q4: 3.5% FCF margin (TTM), FY26 Q1: 5.8% FCF margin (TTM), FY26 Q2: 4.1% FCF margin (TTM), FY26 Q3: 4.8% FCF margin (TTM), FY26 Q4: 4.7% 4.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 1.7%
FY24 Q2 5.4%
FY24 Q3 3.9%
FY24 Q4 -2.5%
FY25 Q1 6.8%
FY25 Q2 3.0%
FY25 Q3 2.5%
FY25 Q4 3.5%
FY26 Q1 5.8%
FY26 Q2 4.1%
FY26 Q3 4.8%
FY26 Q4 4.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 141 167 191 229 253 282 497 684 653 927 1,215 1,388 829 808 915
Gross profit 30 44 51 60 67 75 120 166 149 236 310 351 147 144 147
EBITDA 13 20 6 36 41 46 83 114 104 173 240 174 −23 54 36
Operating income 12 19 −0 31 36 39 70 98 85 150 214 145 −56 22 3
Net income 0 0 −5 15 18 28 28 66 62 110 158 105 −56 15 2
Diluted EPS — $0.00 −$0.42 $0.93 $1.00 $1.58 $1.36 $3.15 $2.95 $5.23 $7.51 $5.06 −$2.74 $0.76 $0.09
Growth (year on year)
Revenue — +18.5% +14.3% +19.7% +10.6% +11.5% +76.3% +37.6% −4.5% +41.9% +31.1% +14.3% −40.3% −2.6% +13.3%
EBITDA — +52.4% −69.0% +470.1% +15.0% +11.5% +79.5% +37.6% −9.1% +66.5% +39.1% −27.8% −113.2% — −32.3%
Operating income — +54.6% −102.4% — +15.3% +9.8% +77.7% +40.0% −13.0% +75.6% +42.8% −32.3% −138.6% — −85.8%
Net income — — — — +23.1% +57.2% −2.6% +139.3% −6.8% +78.4% +43.5% −33.7% −153.5% — —
Diluted EPS — — — — +7.5% +58.0% −13.9% +131.6% −6.3% +77.3% +43.6% −32.6% −154.2% — —
Margins
Gross margin 21.3% 26.1% 26.6% 26.4% 26.4% 26.6% 24.2% 24.3% 22.9% 25.5% 25.5% 25.3% 17.7% 17.8% 16.0%
EBITDA margin 9.5% 12.2% 3.3% 15.8% 16.4% 16.4% 16.7% 16.7% 15.9% 18.6% 19.8% 12.5% −2.8% 6.6% 4.0%
Operating margin 8.9% 11.6% −0.2% 13.6% 14.2% 14.0% 14.1% 14.3% 13.1% 16.2% 17.6% 10.4% −6.7% 2.7% 0.3%
Net margin 0.0% 0.0% −2.4% 6.4% 7.1% 10.1% 5.6% 9.7% 9.4% 11.9% 13.0% 7.5% −6.7% 1.8% 0.2%
Free-cash-flow margin 9.1% 13.8% 9.3% 3.1% 11.6% 9.4% 9.7% 9.3% 8.1% 10.9% 9.0% 9.4% −2.5% 3.5% 4.7%
Cash flow
Cash from operations 15 26 24 13 36 36 58 82 94 131 165 185 56 57 68
Capital spending 3 3 6 5 6 9 10 18 41 31 55 55 76 28 25
Free cash flow 13 23 18 7 29 27 48 64 53 101 110 130 −20 29 43
Stock-based pay 0 0 3 1 2 1 2 3 3 6 6 6 5 6 6
Free cash flow after stock pay 13 23 15 6 27 25 46 61 50 95 103 124 −25 23 37
Balance sheet
Cash 15 16 12 8 26 33 62 27 34 41 84 79 27 37 74
Total debt 0 24 0 77 72 55 110 114 83 143 120 0 0 18 165
Net debt (negative = net cash) −15 8 −12 69 46 22 48 86 49 102 36 −79 −27 −19 91
Diluted shares — — — 16m 18m 18m 20m 21m 21m 21m 21m 21m 20m 20m 19m
Returned to shareholders
Buybacks — 0 0 71 4 0 0 0 14 0 35 8 29 36 34
Total returned — 0 0 71 4 0 0 0 14 0 35 8 29 36 34

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $996m
Short-term assets $309mLonger-term assets $688m
What it owes, and who funded it · $992m
Short-term liabilities $215mLonger-term liabilities $252mShareholders' equity $524m
  • Short-term assets cover short-term liabilities $309m of assets due within a year against $215m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $309m short-term assets against $252m of longer-dated liabilities.
  • More cash than debt $74m of cash against $165m of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 11% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $68m of operating cash flow against $165m of debt.
  • Operating profit covers interest at least five times over Operating income of $3m against $4m of interest.

From Malibu Boats, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$33.9M
Returned to shareholders
79%
of free cash flow
Buybacks, last 3 fiscal years
$99.2M
Diluted share count
−1.8%
year over year
Total shareholder yield
6.9%
dividends 0.0% + buybacks 6.9% of market value
Days sales outstanding
13 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated MBUU FNKO CRCT JOUT RGR SWBI Median
Revenue, last 12 months $915m $933m $690m $661m $577m $551m $349m
Revenue growth, last 12 months 13.3% −3.9% −3.1% 17.5% 7.6% 17.0% 7.6%
Revenue growth, 3-year average −13.0% −7.8% −5.5% −4.7% −0.2% 2.7% −2.5%
Revenue growth, latest quarter 42.7% 7.4% −9.2% 5.0% 19.3% 32.3% 10.9%
Gross margin 16.0% 40.1% 57.9% 39.7% 18.7% 27.4% 40.1%
Operating margin 0.3% 2.7% 15.5% 2.7% 1.0% 6.6% 1.0%
Operating margin, 3-year average −1.2% −0.9% 13.2% −3.5% 2.6% 6.5% 0.9%
Net margin 0.2% −0.2% 12.7% −1.2% 2.1% 4.4% −0.5%
Cash from operations / revenue 7.4% 6.7% 26.1% 7.6% 11.2% 20.6% 8.7%
Free-cash-flow margin 4.7% 2.9% 22.6% 4.5% 8.2% 14.9% 6.1%
Free-cash-flow margin, 3-year average 1.9% 2.8% 27.5% 3.5% 7.7% 2.7% 5.3%
Stock pay / revenue 0.6% 1.1% 3.9% 0.5% 0.9% 1.5% 1.3%
Change in share count −1.8% 4.6% 0.9% 0.8% −4.2% −6.8% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth 13.3% 7.6% 10 of 29
Change in growth rate Growth +4.4pp +3.1pp 11 of 29
Gross margin Profitability 16.0% 39.7% 25 of 27
Operating margin Profitability 0.3% 1.0% 16 of 29
Net margin Profitability 0.2% -0.5% 13 of 29
Free-cash-flow margin Cash generation 4.7% 6.1% 17 of 29
Stock pay as % of revenue Cash generation 0.6% 1.3% 4 of 27
Long-term debt as % of assets Balance sheet 16.6% 16.0% 12 of 20
Change in share count Balance sheet -1.8% 0.8% 6 of 24
Days sales outstanding Balance sheet 13 days 42 days 5 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Malibu $313M 34.2% ▲ 0.1%
Saltwater Fishing $284M 31.1% ▲ 1.6%
Cobalt $233M 25.5% ▲ 8.4%
Saxdor $84.3M 9.2% —
Products and services
Line of business Revenue Share YoY
Boat and Trailer Sales $892M 97.6% ▲ 13.5%
Part and Other Sales $22.3M 2.4% ▲ 4.8%
Geography
Region Revenue Share YoY
United States $763M 83.5% ▲ 4.3%
Outside the US $151M 16.5% ▲ 98.8%

From Malibu Boats, Inc.'s 10-K filed August 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$493M
Institutions reporting
141
Shares held vs prior quarter
▼ 6.5%
Positions opened / closed
27 / 21

Top buyers and sellers, Q2 2026: 85 institutions bought and 56 sold ; the biggest buyer was Citadel Advisors LLC (+253K shares) and the biggest seller Nomura Asset Management International Inc (−915K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Pzena Investment Management LLC $49.2M 1.8M 10.0% ▲ 5.7%
Blackrock, Inc. $43.9M 1.6M 8.9% ▲ 10.6%
Wellington Management Group LLP $34M 1.2M 6.9% ▼ 11.8%
Cooke & Bieler LP $30.3M 1.1M 6.1% ▼ 25.8%
Lodge Hill Capital, LLC $25.4M 926K 5.2% ▲ 2.3%
Dimensional Fund Advisors LP $25.4M 925K 5.1% ▼ 4.4%
Vanguard Capital Management LLC $22M 802K 4.5% ▲ 0.5%
Fort Washington Investment Advisors Inc $21.5M 782K 4.4% ▲ 12.6%
American Century Companies Inc $18.2M 662K 3.7% ▲ 13.8%
Geode Capital Management, LLC $14.4M 524K 2.9% ▲ 15.7%
Twin Lions Management LLC $13.8M 504K 2.8% ▼ 54.7%
State Street Corp $12.6M 459K 2.6% ▲ 3.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Malibu Boats, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 30, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • May 7, 2026
  • February 5, 2026
  • October 30, 2025
  • August 28, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Malibu Boats, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Malibu Boats, Inc. in brief

What does Malibu Boats, Inc. do?
Malibu Boats, Inc. is a US-listed company in the leisure products industry. Its financial year ends in June.
What is Malibu Boats, Inc.'s stock ticker?
Malibu Boats, Inc. trades under the ticker MBUU on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Malibu Boats, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Malibu Boats, Inc. reported revenue of $915M, 13.3% higher than a year earlier, according to its SEC filings.
What is Malibu Boats, Inc.'s free cash flow?
Malibu Boats, Inc.'s free-cash-flow margin is 4.7% of revenue over the trailing twelve months, ranking 17 of the 29 leisure products companies we cover.
What is Malibu Boats, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Malibu Boats, Inc.'s free cash flow after stock-based pay gives ~$11 per share in the base case, and ~$6.8–$16 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Malibu Boats, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Pzena Investment Management LLC, Blackrock, Inc. and Wellington Management Group LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Malibu Boats, Inc. buying back stock, and does it pay a dividend?
Malibu Boats, Inc. spent $33.9M on share repurchases over the trailing twelve months, and its diluted share count fell 1.8% over the year.
What is Malibu Boats, Inc.'s market cap?
On June 30, 2026, Malibu Boats, Inc.'s market capitalisation was about $531M, with a price-to-earnings ratio of 321.0 and net debt of $90.6M. Market figures come from third-party market data and may be delayed.
How much debt does Malibu Boats, Inc. have?
Malibu Boats, Inc.'s debt-to-equity ratio is 31.5%, from its latest balance sheet (10.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Malibu Boats, Inc.'s competitors?
In our Leisure Products peer group, the companies closest to Malibu Boats, Inc. are Funko, Inc., Cricut, Inc., Johnson Outdoors Inc, Sturm Ruger & Co Inc and Smith & Wesson Brands, Inc. The side-by-side comparison below sets their revenue, margins and growth against Malibu Boats, Inc.'s.
When is Malibu Boats, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Malibu Boats, Inc. announces its own schedule.