MALIBU BOATS, INC.
MBUU · Ship & Boat Building & Repairing · 20.6M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $8M, SBC $6M)
Grade
C60Market-leading boat maker in a cyclical trough with declining revenue, thin margins and a weak earnings year.
Strengths
- Leading brands across performance-sport, saltwater and Cobalt segments with a strong dealer network
- Low leverage (debt/equity 22nd pct) and positive free cash flow ($28.6M)
Risks
- Revenue down -2.6% (23rd pct) and net income growth -127% (12th pct) — a weak year
- Low gross margin (16th pct) and weak quick ratio (20th pct)
- Tariff exposure (~18-20% of COGS imported) and soft, rate-sensitive discretionary demand
Notable findings
- Customer concentration~20% of revenue from one customer/distributor — We estimate that 18-20% of our cost of sales are sourced from outside the United States and thus we have the potential to be materially impacted by tariffs in future periods
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
17.8%
Operating margin
2.7%
Net margin
1.8%
Return on equity
2.9%
Return on assets
2.0%
ROIC
3.2%
Revenue growth (QoQ)
25.0%
Debt / equity
0.0×
Current ratio
1.6×
Free cash flow
$29M
Tangible book value
$296M
Cash & investments
$37M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | Black David Scott | Tax withheld | 107 | $25.00 |
| 2026-05-06 | Black David Scott | Tax withheld | 788 | $25.00 |
| 2026-05-06 | Black David Scott | Tax withheld | 81 | $25.00 |
| 2026-05-06 | Black David Scott | Tax withheld | 306 | $25.00 |
| 2026-04-01 | Lanigan Mark W. | Grant | 780 | $25.92 |
| 2026-04-01 | Connolly Michael | Grant | 761 | $25.92 |
| 2026-01-02 | Lanigan Mark W. | Grant | 732 | $28.21 |
| 2026-01-02 | Connolly Michael | Grant | 714 | $28.21 |
| 2025-11-26 | Menneto Steven | Grant | 33K | — |
| 2025-11-21 | Black David Scott | Grant | 7.5K | — |
| 2025-11-13 | Black David Scott | Grant | 3.9K | — |
| 2025-11-06 | Menneto Steven | Tax withheld | 965 | $27.82 |
| 2025-11-06 | Beckman Bruce W. | Tax withheld | 302 | $27.82 |
| 2025-10-24 | Cook Melanie K. | Grant | 3.2K | — |
| 2025-10-24 | Lanigan Mark W. | Grant | 3.2K | — |
| 2025-10-24 | Buch James R. | Grant | 3.2K | — |
| 2025-10-24 | Hooks Michael K. | Grant | 3.2K | — |
| 2025-10-24 | Chhina Ivar S. | Grant | 3.2K | — |
| 2025-10-24 | Connolly Michael | Grant | 3.2K | — |
| 2025-10-24 | MURPHY PETER E | Grant | 3.2K | — |
| 2025-10-24 | TAYLOR NANCY M | Grant | 3.2K | — |
| 2025-10-01 | Lanigan Mark W. | Grant | 636 | $32.45 |
| 2025-10-01 | Connolly Michael | Grant | 621 | $32.45 |
| 2025-08-05 | Menneto Steven | Tax withheld | 10K | $33.27 |
| 2025-07-01 | Lanigan Mark W. | Grant | 652 | $31.34 |
| 2025-07-01 | Connolly Michael | Grant | 636 | $31.34 |
| 2025-06-24 | Cook Melanie K. | Grant | 1.1K | — |
| 2025-04-01 | Lanigan Mark W. | Grant | 659 | $30.68 |
| 2025-04-01 | Connolly Michael | Grant | 642 | $30.68 |
| 2025-01-02 | Lanigan Mark W. | Grant | 549 | $37.59 |
| 2025-01-02 | Connolly Michael | Grant | 536 | $37.59 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Exhibits | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-03-02 | Material agreementAcquisition/disposition3.02Reg FDExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2025-11-13 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-10-30 | ResultsExhibits | filing ↗ |
| 2025-10-27 | Shareholder voteExhibits | filing ↗ |
| 2025-08-28 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-05-18 | 2026-03-02 | 0001590976-26-000025 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001590976-26-000015 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001590976-26-000017 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001590976-26-000010 ↗ |
| 10-Q | 2026-02-05 | 2025-12-31 | 0001590976-26-000007 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001590976-26-000005 ↗ |
| 8-K | 2025-11-13 | 2025-11-12 | 0001590976-25-000117 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001590976-25-000113 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001590976-25-000111 ↗ |
| 8-K | 2025-10-27 | 2025-10-24 | 0001590976-25-000106 ↗ |
| 8-K | 2025-08-28 | 2025-08-28 | 0001590976-25-000076 ↗ |
| 10-K | 2025-08-28 | 2025-06-30 | 0001590976-25-000080 ↗ |