OneWater Marine Inc. (ONEW) intrinsic value & 10-year financials
OneWater Marine Inc. (ONEW) has a Graham intrinsic value of $85.41 per share. At $9.45 on Oct 17, 2026, the stock trades 89% below that value. Over the last 9 fiscal years revenue grew 13.6% a year to $1.9B, with an average return on invested capital of 20.7%.
- Graham intrinsic value
- $85.41
- Share price (Oct 17, 2026)
- $9.45
- Price vs Graham value
- 89% below
- Market cap
- $59.4M
- Revenue (FY2025)
- $1.9B
- Revenue growth (9-yr CAGR)
- 13.6%
- ROIC (10-yr avg)
- 20.7%
- Free cash flow (FY2025)
- $79.7M
ONEW 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.9B | -$114.6M | — | $79.7M | -4.6% | -7.9% |
| FY2024 | $1.8B | -$5.7M | — | $8.9M | 3.7% | 7.2% |
| FY2023 | $1.9B | -$38.6M | — | -$151.0M | 0.9% | 1.9% |
| FY2022 | $1.7B | $130.9M | — | -$4.0M | 12.5% | 26.1% |
| FY2021 | $1.2B | $79.1M | — | $149.5M | 12.1% | 44.5% |
| FY2020 | $1.0B | $17.4M | $2.77 | $206.2M | 7.7% | 47.4% |
| FY2019 | $827.5M | $37.3M | — | -$13.0M | — | 38.6% |
| FY2018 | $766.0M | $1.9M | — | -$14.4M | — | 7.9% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
OneWater Marine Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
OneWater Marine Inc. has earned high returns on invested capital, averaging 20.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
OneWater Marine Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, OneWater Marine Inc. is modeled at 13.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $85.41 per share.