Malibu Boats, Inc. (MBUU) Stock Price & Analysis
Malibu Boats, Inc. (MBUU) closed at USD 22.66 on Thursday, October 22, 2026, up 3.75% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 21.84; the Oct 22, 2026 session ranged USD 21.5–22.76 on volume of 383,961 shares. Market capitalization is $445.90M, with a 52-week range of USD 21.16–34.97 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MBUU.md
Key facts (MBUU)
- Last four reported quarters (through Jun 30, 2026): revenue $915M, net income $1.7M (0.2% margin), free cash flow $42.8M (SEC filings).
- Valuation: P/E 269.8x (avg 181.3x at the last 2 fiscal year-ends), EV/EBITDA 14.8x, net debt $90.6M.
- Earnings quality: non-operating income -$652K vs operating income $3.1M over the last four quarters; P/E excluding non-operating income ≈211.5x (estimate: non-operating income taxed at the company's 30.2% effective rate).
- 1 of 80 tracked superinvestors hold MBUU (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (10 analysts), mean target USD 35.13 (range 30–42).
- Total return with dividends: 1Y -33.4% vs S&P 500 +14.9%; 5Y -67.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.24, revenue estimate $258M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MBUU)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.39B | $829M | $808M | $915M | $915M |
| Gross profit | $310M | $351M | $147M | $144M | $147M | — |
| Operating income | $214M | $145M | -$55.9M | $21.8M | $3.1M | $3.1M |
| Net income | $158M | $105M | -$55.9M | $14.9M | $1.7M | $1.7M |
| EPS (diluted) | $7.51 | $5.06 | -$2.74 | $0.76 | $0.09 | — |
| Free cash flow | $110M | $130M | -$20.4M | $28.6M | $42.8M | $42.8M |
| Gross margin | 25.5% | 25.3% | 17.7% | 17.8% | 16.0% | — |
| Operating margin | 17.6% | 10.4% | -6.7% | 2.7% | 0.3% | 0.3% |
| Net margin | 13.0% | 7.5% | -6.7% | 1.8% | 0.2% | 0.2% |
| Revenue growth | +31.1% | +14.3% | -40.3% | -2.6% | +13.3% | — |
| Cash + short-term investments | $83.7M | $78.9M | $26.9M | $37.0M | $74.4M | — |
| Total debt | $120M | $0K | $0K | $18.0M | $165M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MBUU)
P/E 269.8x · P/E ex non-operating (est.) ≈211.5x · P/S 0.5x · EV/EBITDA 14.8x · EV/Sales 0.6x · P/FCF 10.4x · P/B 0.8x · FCF yield 9.61% · Earnings yield 0.37% · Buyback yield (TTM) 7.60% · Net debt $90.6M · EV $536M
P/E at fiscal year-ends: Jun 2026 321.0x, Jun 2025 41.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (MBUU)
1 of 80 tracked investors hold MBUU. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.14% | $49.2M | Added +5.7% |
Analysts (MBUU)
Consensus Hold (mean 2.50 on a 1–5 scale), 10 analysts; mean target USD 35.13 (low 30, high 42).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-06 | Truist Securities | Target raised | Hold | $31 → $34 |
Total return (dividends reinvested) (MBUU)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -33.4% | -67.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -33.5% | -20.1% |
| Volatility (annualized) | 48.7% | 41.3% |
| Max drawdown | -37.9% (Feb 2026→Oct 2026) | -71.9% (Nov 2021→Oct 2026) |
MBUU revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Malibu | $82.9M | 28.1% | +3.2% |
| Saltwater Fishing | $80.9M | 27.4% | +11.1% |
| Cobalt | $70.5M | 23.9% | +31.0% |
| Total revenue | $295.5M | 100% | — |
MBUU revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Boat and trailer sales | $78.0M | 26.4% | +2.8% |
| Part and other sales | $4.9M | 1.6% | +10.6% |
| Total revenue | $295.5M | 100% | — |
MBUU revenue by region (quarter ended Mar 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| US | $196.7M | 83.4% | -2.3% |
| International | $39.0M | 16.6% | +42.4% |
| Total revenue | $235.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MBUU suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | General Motors (GM) | “We have an engine supply agreement with General Motors LLC ("General Motors") for the supply of engine blocks to use in our Malibu and Axis brand boats through calendar year 2026 and we are currently negotiating an extension on the agreement beyond calendar year 2026.” |
| Supplier | Yamaha Motor Co., Ltd. (YMHAY) | “We purchase outboard engines from Yamaha Motor Corporation, U.S.A., or Yamaha, for a significant percentage of our Cobalt, Pursuit and Maverick Boats Group branded boats that are pre-rigged for outboard motors.” |
| Customer | OneWater Marine Inc. (ONEW) | “Sales to our dealers under common control of OneWater Marine, Inc. represented approximately 22.3%, 24.7% and 23.7% of consolidated net sales in fiscal years 2026, 2025 and 2024, respectively, including approximately 9.4%, 42.0%, 23.7%, and —% of consolidated sales in fiscal year 2026 for Malibu, Saltwater Fishing, Cobalt, and Saxdor, respectively.” |
| Partner | Boats | “In fiscal year 2025, we repurchased 22 units under our repurchase agreements, including 19 units that were subject to our repurchase agreement with M&T Bank, the lender under the floor plan financing for Tommy's Boats, a former dealer that filed for bankruptcy protection in 2024.” |
Quoted from the company's 10-K filed Aug 27, 2026.
MBUU customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (62.4%, 22.3%) of revenue, per the company's 10-K filed Aug 27, 2026. The company does not name them.
MBUU company outlook (results filed Aug 27, 2026)
- “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.”
- “The Company has not provided reconciliations of guidance for Adjusted EBITDA, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K.”
Quoted word-for-word from the SEC 8-K results press release.
MBUU analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.24 | $0.30 | -20.4% | $257.9M | 9 |
| Next quarter (ends Dec 2026) | $0.25 | $0.27 | -8.3% | $248.6M | 9 |
| Current fiscal year (ends Jun 2027) | $2.46 | $2.53 | -2.8% | $1.11B | 9 |
| Next fiscal year (ends Jun 2028) | $3.09 | $3.62 | -14.6% | $1.20B | 9 |
Key Statistics (as of October 23, 2026 at 09:25 UTC)
| Price | USD 22.66 |
|---|---|
| Change | ▲ 3.75% (up) |
| Previous Close | USD 21.84 |
| Open | USD 21.86 |
| Day Range | USD 21.5 – 22.76 |
| 52-Week Range | USD 21.16 – 34.97 |
| Volume | 383,961 shares |
| Market Cap | $445.90M |
| Exchange | NGM |
Technical Analysis (MBUU)
Nexqual's technical model rates MBUU "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:25 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 42.54 (neutral) |
| vs SMA50 | Below (USD 24.93) |
| MACD | -0.72 (negative) |
Analyst Ratings (MBUU)
Wall Street analysts rate MBUU "Hold" based on 10 analysts, with a mean price target of USD 35.13 (range USD 30–42), per Nexqual as of October 23, 2026 at 09:25 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 10 |
| Mean Target | USD 35.13 |
| High Target | USD 42 |
| Low Target | USD 30 |
| Buy / Hold / Sell | 5 / 5 / 0 |
Earnings (MBUU)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.24 |
| Revenue Estimate | $257.88M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.92 vs est 0.77 ▲ beat |
| 2026-03-31 | USD 0.56 vs est 0.36 ▲ beat |
| 2025-12-31 | USD -0.02 vs est 0.02 ▼ miss |
| 2025-09-30 | USD 0.15 vs est 0.1 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financials & Fundamentals (MBUU)
| Total Revenue | $914.59M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +42.70% |
| Gross Margin | +16.36% |
| Operating Margin | +5.83% |
| Profit Margin | +0.18% |
| ROE | +0.33% |
| Debt / Equity | 0.33 |
| Current Ratio | 1.43 |
| Total Cash | $74.42M |
| Total Debt | $176.75M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $42.85M (4.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financial Health Score (MBUU)
Nexqual rates Malibu Boats, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:25 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 16%, operating 6% (last 12 months) |
| Balance Sheet | Solid — $74M cash and investments vs $165M debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $43M (last 4 quarters to Jun 2026, SEC), slim 4.7% margin |
| Efficiency | Weak — ROE 0%, ROA 1.8% |
Ownership (MBUU)
| Insider Ownership | +2.77% |
|---|---|
| Institutional Ownership | +96.47% |
| Shares Outstanding | 19.68M |
| Float | 19.03M |
| Short % of Float | +6.52% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Leadership (MBUU)
Malibu Boats, Inc. is led by Steven D. Menneto, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:25 UTC.
| CEO, President & Director | Steven D. Menneto |
|---|---|
| Chief Financial Officer | David S. Black |
| Vice President of Operations | Jerry L. Little |
| Chief Marketing Officer | Dave M. Cluka |
| Senior Vice President of Cobalt | M. Jason Turner |
Major Backers & Investors (MBUU)
Notable institutional backers of Malibu Boats, Inc. include Pzena Investment Management LLC, Wellington Management, Cooke & Bieler LP, according to Nexqual as of October 23, 2026 at 09:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Pzena Investment Management LLC | 9.12% |
| Wellington Management | 6.29% |
| Cooke & Bieler LP | 4.83% |
| Lodge Hill Capital, LLC | 4.71% |
| Fort Washington Investment Advisors, Inc. | 4.4% |
| American Century Companies Inc | 3.37% |
| Touchstone Strategic TRT-Touchstone Strategic TRT-Touchstone Small Com | 3.04% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.13% |
| Dimensional Fund Advisors | 4.7% |
| Vanguard Group | 4.08% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
From Malibu Boats, Inc.'s Latest SEC 10-K Filing (filed 2026-08-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Our passion for consistent innovation, which has led to proprietary technology such as Surf Gate, has allowed us to expand the market for our products by introducing consumers to new and exciting recreational activities.
- We have vertically integrated key components of our manufacturing process, including the manufacturing of our own engines, boat trailers, towers and tower accessories, machined and billet parts, soft grip flooring, and most recently, wiring harnesses.
- We are the only performance sport boat company that manufactures towers in-house.
- We rely on a combination of patent, trademark and copyright protection, trade secret laws, confidentiality procedures and contractual provisions to protect our rights in our brand, products and proprietary technology.
Partnerships
- In fiscal year 2025, we repurchased 22 units under our repurchase agreements, including 19 units that were subject to our repurchase agreement with M&T Bank, the lender under the floor plan financing for Tommy's Boats, a former dealer that filed for bankruptcy protection in 2024.
- We have an engine supply agreement with General Motors LLC ("General Motors") for the supply of engine blocks to use in our Malibu and Axis brand boats through calendar year 2026 and we are currently negotiating an extension on the agreement beyond calendar year 2026.
Legal & Regulatory Risks (Item 1A, quoted)
- The nature of our business exposes us to risks associated with litigation, investigation and regulatory proceedings and a significant adverse determination with respect to any material claim against us could adversely affect our operating results or financial condition.
- We continually evaluate whether events or circumstances have occurred that indicate the remaining estimated useful lives of our definite-lived intangible assets and other long-lived assets may warrant revision or whether the remaining balance of such assets may not be recoverable.
- Changes to U.S. trade policy, tariffs, and import/export regulations may have a material adverse effect on our business, financial condition, and results of operations.
- Changes in laws and policies governing foreign trade could adversely affect our business and trigger retaliatory actions by affected countries.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MCFT | MasterCraft Boat Holdings, Inc. | USD 20.29 | ▲ 4.59% |
| LVWR | LiveWire Group, Inc. | USD 1.66 | ▲ 1.22% |
| WGO | Winnebago Industries, Inc. | USD 28.57 | ▲ 11.43% |
| LCII | LCI Industries | USD 86.6 | ▲ 4.15% |
| PATK | Patrick Industries, Inc. | USD 70.27 | ▲ 4.41% |
| HOG | Harley-Davidson, Inc. | USD 29.11 | ▲ 6.47% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:25 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt