Malibu Boats (MBUU) Financials

$26.64 -0.40 (-1.48%)

Closing price 04:00 PM Eastern

Extended Trading

$26.64 0.00 (0.00%)

As of 04:20 PM Eastern

Annual Income Statements for Malibu Boats

This table shows Malibu Boats' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	158	105	-56
Consolidated Net Income / (Loss)	163	108	-56
Net Income / (Loss) Continuing Operations	163	108	-56
Total Pre-Tax Income	210	141	-58
Total Operating Income	214	145	-56
Total Gross Profit	310	351	147
Total Revenue	1,215	1,388	829
Operating Revenue	1,215	1,388	829
Total Cost of Revenue	905	1,037	682
Operating Cost of Revenue	905	1,037	682
Total Operating Expenses	96	207	203
Selling, General & Admin Expense	66	176	76
Marketing Expense	23	24	23
Amortization Expense	6.96	6.81	6.81
Impairment Charge	0.00	0.00	97
Total Other Income / (Expense), net	-3.86	-3.29	-1.84
Interest Expense	2.88	2.96	1.84
Other Income / (Expense), net	-0.98	-0.33	0.00
Income Tax Expense	47	34	-1.34
Net Income / (Loss) Attributable to Noncontrolling Interest	5.80	3.40	-0.53
Basic Earnings per Share	$7.60	$5.10	($2.74)
Weighted Average Basic Shares Outstanding	20.75M	20.50M	20.44M
Diluted Earnings per Share	$7.51	$5.06	($2.74)
Weighted Average Diluted Shares Outstanding	20.99M	20.64M	20.44M
Weighted Average Basic & Diluted Shares Outstanding	20.50M	20.60M	20.01M

This table shows Malibu Boats' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	48	35	35	52	-17	20	9.88	-67	-19	-5.05	2.36
Consolidated Net Income / (Loss)	50	36	36	53	-18	21	10	-68	-20	-5.15	2.42
Net Income / (Loss) Continuing Operations	50	36	36	53	-18	21	10	-68	-20	-5.15	2.42
Total Pre-Tax Income	64	47	48	70	-23	28	14	-75	-24	-6.00	2.60
Total Operating Income	65	48	49	70	-23	29	15	-75	-24	-5.61	3.18
Total Gross Profit	90	75	76	99	102	57	37	40	12	28	37
Total Revenue	353	302	339	375	372	256	211	203	159	172	200
Operating Revenue	353	302	339	375	372	256	211	203	159	172	200
Total Cost of Revenue	264	228	263	277	270	199	174	163	146	143	163
Operating Cost of Revenue	264	228	263	277	270	199	174	163	146	143	163
Total Operating Expenses	24	26	27	28	125	28	23	115	37	34	34
Selling, General & Admin Expense	17	19	19	19	118	21	15	19	22	27	27
Marketing Expense	5.35	5.19	6.20	7.18	5.45	5.75	5.61	6.55	4.87	4.86	5.99
Amortization Expense	1.70	1.72	1.72	1.68	1.70	1.72	1.71	1.69	1.70	1.72	1.71
Total Other Income / (Expense), net	-1.90	-1.36	-1.10	-0.54	-0.30	-0.87	-0.66	-0.28	-0.02	-0.39	-0.58
Interest Expense	0.89	1.29	0.91	0.65	0.12	-	0.67	0.30	-0.01	-	0.59
Other Income / (Expense), net	-1.02	-0.07	-0.19	0.11	-0.18	0.01	0.01	0.01	-0.03	0.01	0.01
Income Tax Expense	14	11	11	16	-4.90	6.98	3.91	-7.43	-4.80	-0.85	0.18
Net Income / (Loss) Attributable to Noncontrolling Interest	1.77	1.22	1.23	1.56	-0.62	0.51	0.26	-0.93	-0.38	-0.10	0.06
Basic Earnings per Share	$2.34	$1.70	$1.73	$2.53	($0.86)	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12
Weighted Average Basic Shares Outstanding	20.75M	20.46M	20.40M	20.53M	20.50M	20.59M	20.38M	20.40M	20.44M	20.03M	19.74M
Diluted Earnings per Share	$2.31	$1.69	$1.72	$2.51	($0.86)	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12
Weighted Average Diluted Shares Outstanding	20.99M	20.63M	20.52M	20.68M	20.64M	20.68M	20.45M	20.40M	20.44M	20.03M	19.80M
Weighted Average Basic & Diluted Shares Outstanding	20.50M	20.35M	20.48M	20.62M	20.60M	20.40M	20.43M	20.44M	20.01M	19.72M	19.64M

This table details how cash moves in and out of Malibu Boats' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	42	-4.81	-52
Net Cash From Operating Activities	165	185	56
Net Cash From Continuing Operating Activities	165	185	56
Net Income / (Loss) Continuing Operations	163	108	-56
Consolidated Net Income / (Loss)	163	108	-56
Depreciation Expense	19	22	26
Amortization Expense	6.96	6.81	6.81
Non-Cash Adjustments To Reconcile Net Income	8.42	3.24	99
Changes in Operating Assets and Liabilities, net	-33	45	-20
Net Cash From Investing Activities	-62	-55	-76
Net Cash From Continuing Investing Activities	-62	-55	-76
Purchase of Property, Plant & Equipment	-55	-55	-76
Acquisitions	-6.57	0.00	0.00
Sale of Property, Plant & Equipment	0.01	0.20	0.12
Net Cash From Financing Activities	-60	-135	-32
Net Cash From Continuing Financing Activities	-60	-135	-32
Repayment of Debt	-96	-363	-75
Repurchase of Common Equity	-35	-7.87	-29
Payment of Dividends	-2.72	-3.40	-0.89
Issuance of Debt	72	242	75
Other Financing Activities, net	1.23	-1.82	-1.49
Effect of Exchange Rate Changes	-0.58	-0.33	-0.01
Cash Interest Paid	2.29	3.06	3.05
Cash Income Taxes Paid	42	51	3.53

This table details how cash moves in and out of Malibu Boats' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	27	-41	6.80	-15	44	-33	10	-8.61	-20	0.71	7.46
Net Cash From Operating Activities	46	32	19	57	77	-48	64	24	16	-8.40	28
Net Cash From Continuing Operating Activities	46	32	19	57	77	-48	64	24	16	-8.40	28
Net Income / (Loss) Continuing Operations	50	36	36	53	-18	21	10	-68	-20	-5.15	2.42
Consolidated Net Income / (Loss)	50	36	36	53	-18	21	10	-68	-20	-5.15	2.42
Depreciation Expense	4.99	5.30	5.39	5.46	5.77	6.32	6.34	6.54	6.97	7.37	7.82
Amortization Expense	1.70	1.72	1.72	1.68	1.70	1.72	1.71	1.69	1.70	1.72	1.71
Non-Cash Adjustments To Reconcile Net Income	3.11	1.93	2.31	2.02	-3.00	5.96	-3.21	90	6.38	1.95	3.06
Changes in Operating Assets and Liabilities, net	-14	-13	-27	-5.43	90	-83	49	-7.23	21	-14	13
Net Cash From Investing Activities	-15	-12	-9.98	-21	-11	-40	-13	-12	-12	-8.63	-5.30
Net Cash From Continuing Investing Activities	-15	-12	-9.98	-21	-11	-40	-13	-12	-12	-8.63	-5.30
Purchase of Property, Plant & Equipment	-15	-12	-9.98	-21	-11	-40	-13	-12	-12	-8.63	-5.65
Net Cash From Financing Activities	-3.45	-60	-2.69	-51	-22	55	-41	-20	-25	18	-15
Net Cash From Continuing Financing Activities	-3.45	-60	-2.69	-51	-22	55	-41	-20	-25	18	-15
Repayment of Debt	-72	-171	-20	-50	-122	-10	-30	-20	-15	-10	-10
Repurchase of Common Equity	-4.43	-7.87	-	-	-	-9.62	-10	-	-9.57	-10	-9.73
Issuance of Debt	72	122	20	-	100	75	-	-	-	38	5.00
Other Financing Activities, net	2.32	-0.87	-2.00	0.10	0.95	0.00	-1.22	-0.03	-0.25	-0.02	-0.50
Effect of Exchange Rate Changes	-0.59	-	-	-0.12	-0.10	-	-	-0.09	0.06	0.23	-0.42
Cash Interest Paid	0.75	1.06	0.16	1.24	0.60	0.10	1.54	0.88	0.53	0.49	0.58
Cash Income Taxes Paid	15	0.76	19	14	16	0.58	1.38	0.04	1.54	0.14	-0.56

This table presents Malibu Boats' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	851	926	740
Total Current Assets	298	326	202
Cash & Equivalents	84	79	27
Accounts Receivable	52	68	23
Inventories, net	157	171	146
Prepaid Expenses	6.16	7.83	6.47
Plant, Property, & Equipment, net	171	205	245
Total Noncurrent Assets	382	395	293
Goodwill	101	101	51
Intangible Assets	228	221	175
Noncurrent Deferred & Refundable Income Taxes	42	63	58
Other Noncurrent Operating Assets	11	10	7.93
Total Liabilities & Shareholders' Equity	851	926	740
Total Liabilities	338	310	205
Total Current Liabilities	139	232	139
Accounts Payable	44	40	19
Accrued Expenses	88	187	119
Current Deferred & Payable Income Tax Liabilities	5.63	4.96	0.00
Total Noncurrent Liabilities	198	78	66
Long-Term Debt	118	-	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	27	28	18
Other Noncurrent Operating Liabilities	53	49	49
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	514	616	535
Total Preferred & Common Equity	503	608	530
Preferred Stock	0.00	0.00	0.00
Total Common Equity	503	608	530
Common Stock	85	87	64
Retained Earnings	421	526	470
Accumulated Other Comprehensive Income / (Loss)	-3.51	-4.34	-4.20
Noncontrolling Interest	10	7.87	4.71

This table presents Malibu Boats' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	838	861	882	922	880	798	759	739
Total Current Assets	281	302	308	297	253	256	222	206
Cash & Equivalents	43	50	35	45	56	47	28	35
Accounts Receivable	46	55	81	65	27	45	35	16
Inventories, net	182	186	185	174	158	155	147	145
Prepaid Expenses	9.60	11	6.83	12	12	8.66	12	10
Plant, Property, & Equipment, net	178	183	198	238	245	251	245	243
Total Noncurrent Assets	379	376	375	388	382	291	292	290
Goodwill	100	101	101	100	101	51	52	51
Intangible Assets	227	225	223	220	218	177	174	172
Noncurrent Deferred & Refundable Income Taxes	42	40	42	59	54	54	59	58
Other Noncurrent Operating Assets	10	9.71	9.36	9.67	9.09	8.57	7.35	8.37
Total Liabilities & Shareholders' Equity	838	861	882	922	880	798	759	739
Total Liabilities	298	282	249	295	251	235	237	224
Total Current Liabilities	148	132	147	152	139	153	143	136
Accounts Payable	52	41	51	38	28	39	32	29
Accrued Expenses	82	86	91	109	107	109	111	106
Current Deferred & Payable Income Tax Liabilities	14	5.23	5.49	4.95	4.19	4.96	0.26	0.31
Total Noncurrent Liabilities	150	150	101	142	112	82	94	89
Long-Term Debt	70	70	20	65	35	15	28	23
Noncurrent Deferred & Payable Income Tax Liabilities	27	28	28	29	29	18	18	17
Other Noncurrent Operating Liabilities	53	52	54	49	48	49	48	49
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	540	578	633	628	629	562	522	514
Total Preferred & Common Equity	530	567	624	619	620	557	518	510
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	530	567	624	619	620	557	518	510
Common Stock	78	79	85	78	68	73	56	49
Retained Earnings	456	491	543	546	556	489	465	467
Accumulated Other Comprehensive Income / (Loss)	-	-3.72	-4.13	-5.09	-3.66	-4.78	-3.23	-6.01
Noncontrolling Interest	11	11	9.28	8.25	8.54	5.08	4.63	4.64

This table displays calculated financial ratios and metrics derived from Malibu Boats' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	31.12%	14.28%	-40.29%
EBITDA Growth	37.70%	-27.59%	-113.26%
EBIT Growth	41.15%	-32.13%	-138.73%
NOPAT Growth	44.16%	-33.65%	-135.47%
Net Income Growth	43.01%	-33.97%	-152.31%
EPS Growth	43.59%	-32.62%	-154.15%
Operating Cash Flow Growth	25.54%	12.06%	-69.93%
Free Cash Flow Firm Growth	275.58%	23.12%	-108.23%
Invested Capital Growth	13.77%	-2.30%	-5.41%
Revenue Q/Q Growth	6.72%	1.39%	-20.49%
EBITDA Q/Q Growth	8.40%	-33.30%	-1.69%
EBIT Q/Q Growth	9.45%	-37.65%	-2.91%
NOPAT Q/Q Growth	10.93%	-38.45%	-3.20%
Net Income Q/Q Growth	9.90%	-38.56%	-2.83%
EPS Q/Q Growth	10.44%	-38.52%	-2.62%
Operating Cash Flow Q/Q Growth	9.91%	20.12%	-52.09%
Free Cash Flow Firm Q/Q Growth	16.04%	35.23%	-120.14%
Invested Capital Q/Q Growth	3.68%	-13.19%	-4.22%
Profitability Metrics	-	-	-
Gross Margin	25.52%	25.30%	17.74%
EBITDA Margin	19.69%	12.47%	-2.77%
Operating Margin	17.60%	10.43%	-6.75%
EBIT Margin	17.52%	10.40%	-6.75%
Profit (Net Income) Margin	13.45%	7.77%	-6.81%
Tax Burden Percent	77.84%	76.27%	97.68%
Interest Burden Percent	98.65%	97.95%	103.29%
Effective Tax Rate	22.16%	23.73%	0.00%
Return on Invested Capital (ROIC)	32.24%	20.33%	-7.50%
ROIC Less NNEP Spread (ROIC-NNEP)	27.88%	31.99%	25.14%
Return on Net Nonoperating Assets (RNNOA)	4.29%	-1.22%	-2.31%
Return on Equity (ROE)	36.53%	19.11%	-9.81%
Cash Return on Invested Capital (CROIC)	19.36%	22.66%	-1.94%
Operating Return on Assets (OROA)	26.70%	16.26%	-6.72%
Return on Assets (ROA)	20.50%	12.14%	-6.78%
Return on Common Equity (ROCE)	35.79%	18.80%	-9.70%
Return on Equity Simple (ROE_SIMPLE)	32.48%	17.75%	-10.65%
Net Operating Profit after Tax (NOPAT)	166	110	-39
NOPAT Margin	13.70%	7.95%	-4.72%
Net Nonoperating Expense Percent (NNEP)	4.36%	-11.66%	-32.64%
Cost of Revenue to Revenue	74.48%	74.70%	82.26%
SG&A Expenses to Revenue	5.46%	12.65%	9.21%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.92%	14.87%	24.49%
Earnings before Interest and Taxes (EBIT)	213	144	-56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	239	173	-23
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.15	1.99	1.35
Price to Tangible Book Value (P/TBV)	6.21	4.23	2.36
Price to Revenue (P/Rev)	0.89	0.87	0.86
Price to Earnings (P/E)	6.86	11.58	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	14.59%	8.64%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.05	2.12	1.37
Enterprise Value to Revenue (EV/Rev)	0.93	0.82	0.84
Enterprise Value to EBITDA (EV/EBITDA)	4.71	6.58	0.00
Enterprise Value to EBIT (EV/EBIT)	5.30	7.88	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.77	10.31	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.84	6.16	12.49
Enterprise Value to Free Cash Flow (EV/FCFF)	11.28	9.25	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.23	0.00	0.00
Long-Term Debt to Equity	0.23	0.00	0.00
Financial Leverage	0.15	-0.04	-0.09
Leverage Ratio	1.78	1.57	1.45
Compound Leverage Factor	1.76	1.54	1.50
Debt to Total Capital	18.89%	0.00%	0.00%
Short-Term Debt to Total Capital	0.25%	0.00%	0.00%
Long-Term Debt to Total Capital	18.64%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.64%	1.28%	0.88%
Common Equity to Total Capital	79.47%	98.72%	99.12%
Debt to EBITDA	0.50	0.00	0.00
Net Debt to EBITDA	0.15	0.00	0.00
Long-Term Debt to EBITDA	0.49	0.00	0.00
Debt to NOPAT	0.72	0.00	0.00
Net Debt to NOPAT	0.22	0.00	0.00
Long-Term Debt to NOPAT	0.71	0.00	0.00
Altman Z-Score	5.09	5.27	3.96
Noncontrolling Interest Sharing Ratio	2.03%	1.62%	1.09%
Liquidity Ratios	-	-	-
Current Ratio	2.14	1.40	1.46
Quick Ratio	0.97	0.63	0.36
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	100	123	-10
Operating Cash Flow to CapEx	299.42%	338.10%	73.25%
Free Cash Flow to Firm to Interest Expense	34.76	41.54	-5.49
Operating Cash Flow to Interest Expense	57.34	62.37	30.16
Operating Cash Flow Less CapEx to Interest Expense	38.19	43.92	-11.01
Efficiency Ratios	-	-	-
Asset Turnover	1.52	1.56	1.00
Accounts Receivable Turnover	23.95	23.14	18.12
Inventory Turnover	6.61	6.32	4.31
Fixed Asset Turnover	8.00	7.39	3.69
Accounts Payable Turnover	20.03	24.47	22.90
Days Sales Outstanding (DSO)	15.24	15.77	20.15
Days Inventory Outstanding (DIO)	55.20	57.75	84.77
Days Payable Outstanding (DPO)	18.23	14.92	15.94
Cash Conversion Cycle (CCC)	52.22	58.61	88.98
Capital & Investment Metrics	-	-	-
Invested Capital	549	537	508
Invested Capital Turnover	2.35	2.56	1.59
Increase / (Decrease) in Invested Capital	66	-13	-29
Enterprise Value (EV)	1,127	1,139	694
Market Capitalization	1,081	1,210	716
Book Value per Share	$24.54	$29.47	$25.93
Tangible Book Value per Share	$8.49	$13.86	$14.83
Total Capital	633	616	535
Total Debt	120	0.00	0.00
Total Long-Term Debt	118	0.00	0.00
Net Debt	36	-79	-27
Capital Expenditures (CapEx)	55	55	76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	77	15	37
Debt-free Net Working Capital (DFNWC)	161	94	64
Net Working Capital (NWC)	159	94	64
Net Nonoperating Expense (NNE)	3.00	2.51	17
Net Nonoperating Obligations (NNO)	36	-79	-27
Total Depreciation and Amortization (D&A)	26	29	33
Debt-free, Cash-free Net Working Capital to Revenue	6.34%	1.08%	4.41%
Debt-free Net Working Capital to Revenue	13.23%	6.76%	7.66%
Net Working Capital to Revenue	13.10%	6.76%	7.66%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$7.60	$5.10	($2.74)
Adjusted Weighted Average Basic Shares Outstanding	20.75M	20.50M	20.44M
Adjusted Diluted Earnings per Share	$7.51	$5.06	($2.74)
Adjusted Weighted Average Diluted Shares Outstanding	20.99M	20.64M	20.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.50M	20.60M	20.01M
Normalized Net Operating Profit after Tax (NOPAT)	166	110	29
Normalized NOPAT Margin	13.70%	7.95%	3.48%
Pre Tax Income Margin	17.28%	10.19%	-6.97%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	74.03	48.77	-30.37
NOPAT to Interest Expense	57.89	37.28	-21.26
EBIT Less CapEx to Interest Expense	54.88	30.32	-71.54
NOPAT Less CapEx to Interest Expense	38.74	18.83	-62.43
Payout Ratios	-	-	-
Dividend Payout Ratio	1.66%	3.15%	-1.58%
Augmented Payout Ratio	22.86%	10.44%	-53.52%

This table displays calculated financial ratios and metrics derived from Malibu Boats' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.64%	19.22%	28.36%	8.96%	5.41%	-15.35%	-37.69%	-45.77%	-57.37%	-32.93%	-5.11%
EBITDA Growth	35.26%	27.49%	19.48%	-0.72%	-121.61%	-33.84%	-59.03%	-185.99%	-2.49%	-90.49%	-44.15%
EBIT Growth	39.94%	31.91%	20.63%	-1.64%	-135.44%	-40.86%	-69.64%	-206.42%	-6.94%	-119.56%	-78.36%
NOPAT Growth	47.19%	30.54%	18.28%	-2.64%	-130.98%	-42.32%	-71.48%	-197.34%	-7.65%	-118.33%	-72.16%
Net Income Growth	42.11%	29.26%	17.49%	-2.52%	-136.31%	-42.47%	-72.13%	-226.77%	-8.62%	-124.78%	-76.13%
EPS Growth	44.38%	32.03%	21.99%	0.00%	-137.23%	-42.01%	-71.51%	-230.68%	-8.14%	-125.51%	-75.51%
Operating Cash Flow Growth	48.02%	33.79%	-44.22%	-6.38%	67.55%	-252.77%	235.30%	-58.88%	-78.71%	82.64%	-55.70%
Free Cash Flow Firm Growth	88.87%	83.07%	-43.33%	-303.01%	78.93%	-105.64%	102.94%	203.52%	471.12%	307.10%	7,686.13%
Invested Capital Growth	13.77%	13.03%	16.49%	16.68%	-2.30%	14.02%	1.54%	-14.26%	-5.41%	-19.22%	-17.38%
Revenue Q/Q Growth	2.59%	-14.44%	12.08%	10.74%	-0.75%	-31.28%	-17.49%	-3.63%	-21.98%	8.11%	16.73%
EBITDA Q/Q Growth	-8.96%	-22.03%	0.30%	39.43%	-119.82%	338.71%	-37.89%	-392.65%	76.38%	122.16%	264.60%
EBIT Q/Q Growth	-10.00%	-24.82%	0.16%	45.13%	-132.43%	225.45%	-48.59%	-608.72%	67.41%	77.05%	156.86%
NOPAT Q/Q Growth	-7.51%	-27.42%	0.26%	44.64%	-129.43%	235.15%	-50.42%	-593.61%	67.45%	76.98%	175.29%
Net Income Q/Q Growth	-9.39%	-27.33%	0.81%	46.86%	-133.76%	215.11%	-51.16%	-767.97%	71.08%	73.74%	147.04%
EPS Q/Q Growth	-7.97%	-26.84%	1.78%	45.93%	-134.26%	213.95%	-50.00%	-769.39%	71.65%	73.12%	148.00%
Operating Cash Flow Q/Q Growth	-25.00%	-30.82%	-39.65%	199.00%	34.22%	-163.08%	232.45%	-63.33%	-30.52%	-151.43%	438.10%
Free Cash Flow Firm Q/Q Growth	-78.67%	-84.57%	-67.97%	27.24%	90.66%	-1,701.62%	102.40%	2,464.13%	-66.52%	905.37%	-9.80%
Invested Capital Q/Q Growth	3.68%	3.28%	5.50%	3.28%	-13.19%	20.53%	-6.04%	-12.79%	-4.22%	2.94%	-3.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.38%	24.69%	22.33%	26.28%	27.52%	22.20%	17.75%	19.83%	7.87%	16.44%	18.68%
EBITDA Margin	20.12%	18.34%	16.41%	20.66%	-4.13%	14.33%	10.79%	-32.77%	-9.92%	2.03%	6.35%
Operating Margin	18.52%	16.04%	14.37%	18.73%	-6.08%	11.19%	6.97%	-36.82%	-15.36%	-3.27%	1.59%
EBIT Margin	18.23%	16.02%	14.32%	18.76%	-6.13%	11.19%	6.97%	-36.81%	-15.38%	-3.26%	1.59%
Profit (Net Income) Margin	14.07%	11.95%	10.74%	14.25%	-4.85%	8.12%	4.81%	-33.31%	-12.35%	-3.00%	1.21%
Tax Burden Percent	78.23%	76.61%	76.49%	76.66%	78.65%	74.85%	72.20%	90.12%	80.32%	85.83%	93.12%
Interest Burden Percent	98.63%	97.35%	98.12%	99.08%	100.52%	96.91%	95.44%	100.40%	99.96%	107.07%	81.63%
Effective Tax Rate	21.77%	23.39%	23.51%	23.34%	0.00%	25.15%	27.80%	0.00%	0.00%	0.00%	6.88%
Return on Invested Capital (ROIC)	34.10%	29.04%	26.45%	34.24%	-10.88%	18.51%	10.13%	-46.80%	-17.07%	-2.92%	1.95%
ROIC Less NNEP Spread (ROIC-NNEP)	31.94%	27.32%	24.73%	32.52%	-0.71%	15.70%	254.61%	18.41%	-12.28%	-15.18%	5.22%
Return on Net Nonoperating Assets (RNNOA)	4.91%	3.47%	2.40%	1.42%	0.03%	0.63%	-0.08%	-0.72%	1.13%	-0.26%	-0.15%
Return on Equity (ROE)	39.01%	32.51%	28.85%	35.66%	-10.86%	19.13%	10.05%	-47.52%	-15.94%	-3.18%	1.80%
Cash Return on Invested Capital (CROIC)	19.36%	20.52%	17.28%	15.85%	22.66%	2.49%	9.76%	8.75%	-1.94%	10.47%	6.21%
Operating Return on Assets (OROA)	27.79%	25.43%	23.50%	30.11%	-9.58%	17.06%	9.73%	-45.70%	-15.31%	-2.89%	1.44%
Return on Assets (ROA)	21.44%	18.96%	17.64%	22.87%	-7.57%	12.38%	6.71%	-41.35%	-12.29%	-2.66%	1.10%
Return on Common Equity (ROCE)	38.22%	31.86%	28.27%	35.04%	-10.68%	18.82%	9.88%	-46.95%	-15.76%	-3.14%	1.78%
Return on Equity Simple (ROE_SIMPLE)	0.00%	32.40%	31.22%	28.15%	0.00%	14.95%	10.70%	-9.85%	0.00%	-15.91%	-17.67%
Net Operating Profit after Tax (NOPAT)	51	37	37	54	-16	21	11	-52	-17	-3.93	2.96
NOPAT Margin	14.49%	12.29%	10.99%	14.36%	-4.26%	8.37%	5.03%	-25.78%	-10.75%	-2.29%	1.48%
Net Nonoperating Expense Percent (NNEP)	2.16%	1.72%	1.71%	1.72%	-10.17%	2.81%	-244.48%	-65.20%	-4.78%	12.27%	-3.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.60%	-	-	-	0.55%
Cost of Revenue to Revenue	74.62%	75.31%	77.67%	73.72%	72.48%	77.80%	82.25%	80.17%	92.13%	83.56%	81.32%
SG&A Expenses to Revenue	4.86%	6.36%	5.63%	5.19%	31.68%	8.09%	7.32%	9.15%	13.59%	15.88%	13.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.86%	8.64%	7.96%	7.55%	33.60%	11.01%	10.78%	56.65%	23.23%	19.71%	17.10%
Earnings before Interest and Taxes (EBIT)	64	48	48	70	-23	29	15	-75	-24	-5.60	3.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	55	56	78	-15	37	23	-67	-16	3.49	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	1.86	1.91	1.85	1.99	1.63	1.80	1.59	1.35	1.50	1.45
Price to Tangible Book Value (P/TBV)	6.21	4.86	4.49	3.85	4.23	3.38	3.71	2.69	2.36	2.66	2.58
Price to Revenue (P/Rev)	0.89	0.78	0.81	0.84	0.87	0.75	0.92	0.85	0.86	1.04	1.01
Price to Earnings (P/E)	6.86	5.94	6.35	6.81	11.58	11.24	17.31	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.59%	16.83%	15.75%	14.69%	8.64%	8.90%	5.78%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.05	1.80	1.86	1.86	2.12	1.60	1.82	1.62	1.37	1.50	1.46
Enterprise Value to Revenue (EV/Rev)	0.93	0.81	0.83	0.84	0.82	0.77	0.91	0.82	0.84	1.05	1.00
Enterprise Value to EBITDA (EV/EBITDA)	4.71	4.07	4.29	4.43	6.58	6.72	9.10	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	5.30	4.55	4.79	4.97	7.88	8.32	12.17	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.77	5.83	6.17	6.41	10.31	10.96	16.24	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.84	5.91	7.08	7.48	6.16	9.92	7.39	7.39	12.49	8.18	12.26
Enterprise Value to Free Cash Flow (EV/FCFF)	11.28	9.31	11.61	12.64	9.25	68.54	18.79	17.06	0.00	12.77	21.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.13	0.12	0.03	0.00	0.10	0.06	0.03	0.00	0.05	0.04
Long-Term Debt to Equity	0.23	0.13	0.12	0.03	0.00	0.10	0.06	0.03	0.00	0.05	0.04
Financial Leverage	0.15	0.13	0.10	0.04	-0.04	0.04	0.00	-0.04	-0.09	0.02	-0.03
Leverage Ratio	1.78	1.68	1.61	1.55	1.57	1.51	1.44	1.41	1.45	1.46	1.42
Compound Leverage Factor	1.76	1.63	1.58	1.54	1.58	1.46	1.38	1.41	1.45	1.57	1.16
Debt to Total Capital	18.89%	11.48%	10.82%	3.10%	0.00%	9.39%	5.27%	2.60%	0.00%	5.09%	4.28%
Short-Term Debt to Total Capital	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.64%	11.48%	10.82%	3.10%	0.00%	9.39%	5.27%	2.60%	0.00%	5.09%	4.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.64%	1.78%	1.77%	1.42%	1.28%	1.19%	1.29%	0.88%	0.88%	0.84%	0.86%
Common Equity to Total Capital	79.47%	86.74%	87.41%	95.48%	98.72%	89.42%	93.44%	96.52%	99.12%	94.07%	94.86%
Debt to EBITDA	0.50	0.28	0.27	0.08	0.00	0.42	0.29	-0.66	0.00	-0.50	-0.35
Net Debt to EBITDA	0.15	0.11	0.08	-0.06	0.00	0.13	-0.17	1.42	0.00	-0.01	0.18
Long-Term Debt to EBITDA	0.49	0.28	0.27	0.08	0.00	0.42	0.29	-0.66	0.00	-0.50	-0.35
Debt to NOPAT	0.72	0.40	0.39	0.11	0.00	0.69	0.51	-0.40	0.00	-0.44	-0.32
Net Debt to NOPAT	0.22	0.15	0.11	-0.08	0.00	0.21	-0.30	0.85	0.00	-0.01	0.17
Long-Term Debt to NOPAT	0.71	0.40	0.39	0.11	0.00	0.69	0.51	-0.40	0.00	-0.44	-0.32
Altman Z-Score	4.51	4.63	5.08	5.68	4.68	4.63	5.14	4.27	4.10	3.91	3.99
Noncontrolling Interest Sharing Ratio	2.03%	2.00%	1.99%	1.73%	1.62%	1.64%	1.66%	1.20%	1.09%	1.12%	1.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.14	1.91	2.28	2.09	1.40	1.95	1.82	1.67	1.46	1.55	1.52
Quick Ratio	0.97	0.61	0.80	0.79	0.63	0.72	0.60	0.61	0.36	0.44	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-15	-28	-47	-35	-3.23	-58	1.39	36	12	120	109
Operating Cash Flow to CapEx	305.48%	256.34%	191.67%	270.14%	689.33%	-122.48%	509.94%	195.85%	139.04%	-97.40%	503.22%
Free Cash Flow to Firm to Interest Expense	-17.31	-22.00	-52.19	-53.24	-27.35	0.00	2.08	120.84	0.00	0.00	185.66
Operating Cash Flow to Interest Expense	51.76	24.66	21.01	88.10	650.36	0.00	95.56	79.43	0.00	0.00	48.56
Operating Cash Flow Less CapEx to Interest Expense	34.81	15.04	10.05	55.49	556.02	0.00	76.82	38.88	0.00	0.00	38.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.52	1.59	1.64	1.61	1.56	1.52	1.40	1.24	1.00	0.89	0.91
Accounts Receivable Turnover	23.95	28.84	34.66	21.06	23.14	24.12	29.28	16.50	18.12	14.95	33.45
Inventory Turnover	6.61	5.85	5.93	5.89	6.32	5.66	5.35	4.74	4.31	3.90	4.07
Fixed Asset Turnover	8.00	7.90	8.03	7.62	7.39	6.46	5.67	4.64	3.69	3.08	3.01
Accounts Payable Turnover	20.03	18.18	23.64	18.25	24.47	22.40	26.63	17.81	22.90	18.00	21.65
Days Sales Outstanding (DSO)	15.24	12.66	10.53	17.33	15.77	15.13	12.46	22.13	20.15	24.41	10.91
Days Inventory Outstanding (DIO)	55.20	62.43	61.55	61.93	57.75	64.51	68.18	77.06	84.77	93.54	89.72
Days Payable Outstanding (DPO)	18.23	20.08	15.44	20.00	14.92	16.29	13.71	20.50	15.94	20.28	16.86
Cash Conversion Cycle (CCC)	52.22	55.01	56.63	59.26	58.61	63.35	66.94	78.68	88.98	97.67	83.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	549	567	599	618	537	647	608	530	508	523	502
Invested Capital Turnover	2.35	2.36	2.41	2.38	2.56	2.21	2.01	1.82	1.59	1.27	1.32
Increase / (Decrease) in Invested Capital	66	65	85	88	-13	80	9.23	-88	-29	-124	-106
Enterprise Value (EV)	1,127	1,022	1,116	1,150	1,139	1,038	1,106	857	694	782	734
Market Capitalization	1,081	984	1,084	1,156	1,210	1,010	1,118	884	716	777	741
Book Value per Share	$24.54	$25.83	$27.87	$30.47	$29.47	$30.06	$30.40	$27.27	$25.93	$25.87	$25.86
Tangible Book Value per Share	$8.49	$9.88	$11.86	$14.66	$13.86	$14.52	$14.77	$16.09	$14.83	$14.61	$14.55
Total Capital	633	611	649	654	616	693	664	577	535	550	537
Total Debt	120	70	70	20	0.00	65	35	15	0.00	28	23
Total Long-Term Debt	118	70	70	20	0.00	65	35	15	0.00	28	23
Net Debt	36	27	20	-15	-79	20	-21	-32	-27	0.34	-12
Capital Expenditures (CapEx)	15	12	9.98	21	11	40	13	12	12	8.63	5.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	77	91	120	126	15	99	58	56	37	51	36
Debt-free Net Working Capital (DFNWC)	161	134	170	161	94	144	114	103	64	79	71
Net Working Capital (NWC)	159	134	170	161	94	144	114	103	64	79	71
Net Nonoperating Expense (NNE)	1.49	1.04	0.84	0.41	2.19	0.65	0.48	15	2.53	1.22	0.54
Net Nonoperating Obligations (NNO)	36	27	20	-15	-79	20	-21	-32	-27	0.34	-12
Total Depreciation and Amortization (D&A)	6.69	7.01	7.10	7.14	7.46	8.04	8.06	8.23	8.66	9.09	9.54
Debt-free, Cash-free Net Working Capital to Revenue	6.34%	7.19%	8.94%	9.18%	1.08%	7.35%	4.81%	5.36%	4.41%	6.87%	4.87%
Debt-free Net Working Capital to Revenue	13.23%	10.60%	12.66%	11.75%	6.76%	10.74%	9.39%	9.88%	7.66%	10.58%	9.66%
Net Working Capital to Revenue	13.10%	10.60%	12.66%	11.75%	6.76%	10.74%	9.39%	9.88%	7.66%	10.58%	9.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.34	$1.70	$1.73	$2.53	($0.86)	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12
Adjusted Weighted Average Basic Shares Outstanding	20.75M	20.46M	20.40M	20.53M	20.50M	20.59M	20.38M	20.40M	20.44M	20.03M	19.74M
Adjusted Diluted Earnings per Share	$2.31	$1.69	$1.72	$2.51	($0.86)	$0.98	$0.49	($3.28)	($0.93)	($0.25)	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	20.99M	20.63M	20.52M	20.68M	20.64M	20.68M	20.45M	20.40M	20.44M	20.03M	19.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.50M	20.35M	20.48M	20.62M	20.60M	20.40M	20.43M	20.44M	20.01M	19.72M	19.64M
Normalized Net Operating Profit after Tax (NOPAT)	51	37	37	54	-16	21	11	9.44	-17	-3.93	2.96
Normalized NOPAT Margin	14.49%	12.29%	10.99%	14.36%	-4.26%	8.37%	5.03%	4.64%	-10.75%	-2.29%	1.48%
Pre Tax Income Margin	17.98%	15.59%	14.05%	18.59%	-6.16%	10.85%	6.66%	-36.96%	-15.37%	-3.50%	1.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	72.76	37.68	53.29	108.43	-193.42	0.00	21.94	-253.00	0.00	0.00	5.44
NOPAT to Interest Expense	57.82	28.91	40.92	83.00	-134.34	0.00	15.83	-177.13	0.00	0.00	5.06
EBIT Less CapEx to Interest Expense	55.82	28.06	42.32	75.82	-287.77	0.00	3.20	-293.56	0.00	0.00	-4.21
NOPAT Less CapEx to Interest Expense	40.88	19.28	29.96	50.38	-228.69	0.00	-2.91	-217.69	0.00	0.00	-4.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.66%	1.79%	1.82%	1.96%	3.15%	3.38%	3.84%	-3.39%	-1.58%	-0.14%	0.00%
Augmented Payout Ratio	22.86%	26.56%	22.88%	8.97%	10.44%	13.77%	33.61%	-39.36%	-53.52%	-36.77%	-33.05%

Frequently Asked Questions About Malibu Boats' Financials

When does Malibu Boats's fiscal year end?

According to the most recent income statement we have on file, Malibu Boats' financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has Malibu Boats' net income changed over the last 2 years?

Malibu Boats' net income appears to be on a downward trend, with a most recent value of -$56.44 million in 2024, falling from $163.43 million in 2022. The previous period was $107.91 million in 2023.

What is Malibu Boats's operating income?

Malibu Boats's total operating income in 2024 was -$55.95 million, based on the following breakdown:

Total Gross Profit: $147.10 million
Total Operating Expenses: $203.04 million

How has Malibu Boats revenue changed over the last 2 years?

Over the last 2 years, Malibu Boats' total revenue changed from $1.21 billion in 2022 to $829.04 million in 2024, a change of -31.8%.

How much debt does Malibu Boats have?

Malibu Boats' total liabilities were at $204.91 million at the end of 2024, a 33.9% decrease from 2023, and a 39.3% decrease since 2022.

How much cash does Malibu Boats have?

In the past 2 years, Malibu Boats' cash and equivalents has ranged from $26.95 million in 2024 to $83.74 million in 2022, and is currently $26.95 million as of their latest financial filing in 2024.

How has Malibu Boats' book value per share changed over the last 2 years?

Over the last 2 years, Malibu Boats' book value per share changed from 24.54 in 2022 to 25.93 in 2024, a change of 5.7%.

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This page (NASDAQ:MBUU) was last updated on 4/15/2025 by MarketBeat.com Staff

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Malibu Boats (MBUU) Financials

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Malibu Boats (MBUU) Financials

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