OneWater Marine (ONEW) Gross Margin (2018 - 2026)
OneWater Marine's (ONEW) quarterly Gross Margin came in at 23.86% in Q1 2026, up 102.0% year-on-year from 11.81% in Q1 2025, and up 1.57% quarter-over-quarter from 23.49% in Q4 2025.
OneWater Marine (ONEW) Gross Margin (2018 - 2026) Analysis & Trends
OneWater Marine has disclosed Gross Margin across 9 years of filings, most recently posting 23.86% for Q1 2026.
- Gross Margin for Q1 2026 came in at 23.86%, up 102.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 23.29% (down 19.0% YoY), and the FY2025 annual result was 22.81%, down 174.0% from the prior year.
- Gross Margin came in at 23.86% for Q1 2026 at OneWater Marine, up from 23.49% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 32.33% in Q2 2022 to a low of 22.37% in Q4 2024.
- The 5-year median for Gross Margin is 24.65% (2024), against an average of 26.12%.
- Across the five-year window, Gross Margin jumped 530 bps in 2022 and slumped 551 bps in 2023, its largest moves.
- OneWater Marine's Gross Margin stood at 30.0% in 2022, then decreased by 16 bps to 25.12% in 2023, then declined by 11 bps to 22.37% in 2024, then increased by 5 bps to 23.49% in 2025, then climbed by 2 bps to 23.86% in 2026.
- The last three Gross Margin figures came in at 23.86% (Q1 2026), 23.49% (Q4 2025), and 22.58% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 25.70% |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 38.06% |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 28.43% |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 36.22% |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 23.52% |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 40.32% |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 82.59% |
| 10 | OneWater Marine | 176.18 Mn | 133.41 Mn | 105.53 Mn | 23.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.86% |
| Dec 31, 2025 | 23.49% |
| Sep 30, 2025 | 22.58% |
| Jun 30, 2025 | 23.27% |
| Mar 31, 2025 | 22.83% |
| Dec 31, 2024 | 22.37% |
| Sep 30, 2024 | 23.99% |
| Jun 30, 2024 | 24.45% |
| Mar 31, 2024 | 24.65% |
| Dec 31, 2023 | 25.12% |
| Sep 30, 2023 | 26.39% |
| Jun 30, 2023 | 26.83% |
| Mar 31, 2023 | 27.98% |
| Dec 31, 2022 | 30.00% |
| Sep 30, 2022 | 31.75% |
| Jun 30, 2022 | 32.33% |
| Mar 31, 2022 | 32.24% |
| Dec 31, 2021 | 30.02% |
| Sep 30, 2021 | 31.85% |
| Jun 30, 2021 | 31.41% |