OneWater Marine Inc.ONEW
What OneWater Marine Inc. does.
OneWater Marine Inc. (“OneWater Inc.”) is a holding company and the sole managing member of One Water Marine Holdings, LLC (“OneWater LLC”), which became the principal operating subsidiary of OneWater Inc. on February 11, 2020 in the corporate reorganization (the “Reorganization”) completed in connection with OneWater Inc.’s initial public offering (the “IPO”), which closed on February 11, 2020.
Except as otherwise indicated or required by the context, all references in this Annual Report on Form 10-K to the “Company,” “OneWater,” “we,” “us” or “our” relate to OneWater Inc. and its consolidated subsidiaries.
We believe that we are one of the largest and fastest-growing marine retailers in the United States with 95 dealership locations, 9 distribution centers/warehouses and multiple online marketplaces as of September 30, 2025. Our retail locations are located in highly attractive markets throughout the Southeast, Gulf Coast, Mid-Atlantic and Northeast, many of which are in the top twenty states for marine retail expenditures. We believe that we are a market leader by volume in sales of premium boats in many of the markets in which we operate. Additionally, the acquisitions of T-H Marine Supplies, LLC (“T-H Marine”) and Ocean Bio-Chem, LLC (f/k/a Ocean Bio-Chem, Inc. ("Ocean Bio-Chem")) significantly expanded our sales of marine-related parts and accessories. The combination of our significant scale, diverse inventory, access to premium boat brands, access to a broad array of parts and accessories, and meaningful group brand equity enables us to provide a consistently professional experience as reflected in the number of our repeat customers and Dealership same-store sales growth.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.2B | $1.7B | $1.9B | $1.8B | $1.9B |
| Net income | $17.4M | $79.1M | $130.9M | -$38.6M | -$5.7M | -$114.6M |
| Free cash flow | $206.2M | $149.5M | -$4.0M | -$151.0M | $8.9M | $79.7M |
More on ONEW.
- OneWater Marine Inc. summary
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- OneWater Marine Inc. key metrics
- OneWater Marine Inc. health scores and style box
- OneWater Marine Inc. earnings
- OneWater Marine Inc. dividends
- OneWater Marine Inc. valuation
- OneWater Marine Inc. ownership and insiders
- OneWater Marine Inc. peers
Figures from OneWater Marine Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.