# MasterCraft Boat Holdings, Inc. (MCFT)

> Source: Nexqual · https://nexqual.com/MCFT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, MasterCraft Boat Holdings, Inc. (MCFT), nexqual.com/MCFT" · informational, not investment advice.

**Price:** USD 20.29 (+4.59% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 19.4 · day 19.35–20.34 · 52w 17.19–28.44 · market cap $494M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $349M, net income -$1.7M (-0.5% margin), free cash flow $22.4M (SEC filings).
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $149K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.71 on a 1–5 scale) (7 analysts), mean target USD 26.2 (range 22–28).
- Total return with dividends: 1Y -9.6% vs S&P 500 +14.9%; 5Y -23.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.4, revenue estimate $147M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $642M | $610M | $322M | $284M | $349M | $349M |
| Gross profit | $168M | $169M | $71.6M | $56.9M | $79.8M | — |
| Operating income | $116M | $121M | $27.5M | $11.2M | -$1.1M | -$1.1M |
| Net income | $58.2M | $68.9M | $7.8M | $7.0M | -$1.7M | -$1.7M |
| EPS (diluted) | $3.12 | $3.88 | $0.46 | $0.43 | -$0.10 | — |
| Free cash flow | $61.0M | $110M | $2.0M | $26.4M | $22.4M | $22.4M |
| Gross margin | 26.2% | 27.7% | 22.2% | 20.0% | 22.9% | — |
| Operating margin | 18.1% | 19.9% | 8.5% | 4.0% | -0.3% | -0.3% |
| Net margin | 9.1% | 11.3% | 2.4% | 2.5% | -0.5% | -0.5% |
| Revenue growth | +37.7% | -4.9% | -47.1% | -11.8% | +22.8% | — |
| Cash + short-term investments | $34.2M | $19.8M | $86.2M | $79.4M | $43.9M | — |
| Total debt | $56.5M | $53.7M | $49.3M | $0K | — | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.4x · P/FCF 22.1x · P/B 1.3x · FCF yield 4.53% · Earnings yield -0.34% · Buyback yield (TTM) 0.47%
P/E at fiscal year-ends: Jun 2025 43.6x, Jun 2024 41.2x.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
3 purchases, $149K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-18 | Leemputte Peter G | Director | 1,265 | $25K | 19.73 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-15 | Nelson Bradley M. | Chief Executive Officer | 2,500 | $49K | 19.5 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-15 | Lambert Roch | Director | 3,845 | $75K | 19.51 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.71 on a 1–5 scale), 7 analysts; mean target USD 26.2 (low 22, high 28).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-16 | B. Riley Securities | Target lowered | Neutral | $25 → $22 |
| 2026-09-11 | Baird | Target lowered | Neutral | $30 → $26 |
| 2026-07-06 | Truist Securities | Target raised | Hold | $25 → $28 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -9.6% | -23.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -9.6% | -5.2% |
| Volatility (annualized) | 40.2% | 38.6% |
| Max drawdown | -30.2% (May 2026→Oct 2026) | -54.8% (Feb 2023→Mar 2025) |

## Peers (Recreational Vehicles)
MBUU (Malibu Boats, Inc.) USD 22.66 +3.75% · 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%

## More
Full page: https://nexqual.com/MCFT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in MCFT's own 10-K filed 2026-09-10 (https://www.sec.gov/Archives/edgar/data/1638290/000119312526387432/mcft-20260630.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Ilmor Engineering | "For our MasterCraft brand, Ilmor Engineering, Inc. ("Ilmor") is our exclusive engine supplier, and for our Crest brand, Mercury Marine ("Mercury") is our largest engine supplier." |
| Customer | MARINEMAX INC (HZO) | "MarineMax also assumed Aviara's customer care, warranty liability and administration." |
| Partner | RPC | "In connection with the Marine Products Transaction, we entered into a Transition Services Agreement with RPC, Inc. LOR, Inc., a holder of greater than 10% of our common stock, is the largest shareholder of RPC." |
| Partner | LOR | "In connection with the Marine Products Transaction, we entered into a Transition Services Agreement with RPC, Inc. LOR, Inc., a holder of greater than 10% of our common stock, is the largest shareholder of RPC." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Boats & Trailers | $79.9M | 61.5% | +30.0% |
| Parts | $3.8M | 3.0% | +3.1% |
| Other Product | $743,000 | 0.6% | +9.3% |
| Total revenue | $129.9M | 100% | — |
The lines above cover 65.1% of total revenue.

## Company outlook (8-K filed 2026-09-10)

- "As a result, the Company expects to file a transition report covering the six-month period from July 1, 2026 through December 31, 2026 (the "Transition Period")."
- "The Company's outlook is as follows: • For the six-month Transition Period we expect consolidated net sales to be between $287 million and $291 million, with Adjusted EBITDA between $29 million and $32 million, and Adjusted Earnings per share between $0.66 and $0.76."
- "We expect capital expenditures to be approximately $9 million for the Transition period. • For the first quarter of the Transition Period, consolidated net sales are expected to be approximately $147 million, with Adjusted EBITDA of approximately $16 million, and Adjusted Earnings per share of approximately $0.40."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.40 | $0.00 | — | $147.0M | 3 |
| Next quarter (ends 2026-12-31) | $0.32 | $0.00 | — | $141.8M | 3 |
| Current fiscal year (ends 2026-12-31) | $1.71 | $0.00 | — | $0 | 1 |
| Next fiscal year (ends 2027-12-31) | $2.05 | $0.00 | — | $625.2M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±13.1%; last 8 reports averaged ±11.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 57.9% | ±13.1% |
| 2027-01-15 | 84 | 70.6% | ±26.6% |
| 2027-04-16 | 175 | 53.6% | ±28.8% |