OneWater Marine (ONEW) Operating Expenses (2018 - 2026)
OneWater Marine (ONEW) reported Operating Expenses of $92.3 million for Q1 2026, up 4.62% on a YoY basis from $88.2 million in Q1 2025, and up 3.91% sequentially from $88.8 million in Q4 2025.
OneWater Marine (ONEW) Operating Expenses (2018 - 2026) Analysis & Trends
OneWater Marine (ONEW) has 9 years of Operating Expenses data on file, last reported at $92.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 4.62% year-over-year to $92.3 million; the trailing twelve-month figure through Mar 2026 stood at $504.4 million (up 50.47% YoY), and the FY2025 full-year result was $491.4 million, up 42.41% from the prior year.
- Operating Expenses improved to $92.3 million in Q1 2026, from $88.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $232.1 million in Q3 2023 to a low of $75.5 million in Q1 2022.
- A 5-year average of $103.1 million and a median of $88.2 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 191.31% in 2023 and plunged 65.5% in 2024, its largest moves.
- Tracing ONEW's Operating Expenses over 5 years: stood at $77.8 million in 2022, then gained by 2.26% to $79.6 million in 2023, then increased by 0.39% to $79.9 million in 2024, then gained by 11.1% to $88.8 million in 2025, then climbed by 3.91% to $92.3 million in 2026.
- Business Quant data shows ONEW's Operating Expenses at $92.3 million in Q1 2026, $88.8 million in Q4 2025, and $231.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.28 Bn | 31.76 Bn | 1.08 Bn | 730.02 Mn |
| 2 | NaaS Technology | 31.65 Bn | 31.65 Bn | - | - |
| 3 | Williams Sonoma | 28.03 Bn | 27.01 Bn | 1.10 Bn | 627.08 Mn |
| 4 | Ulta Beauty | 22.92 Bn | 22.43 Bn | 1.48 Bn | 1.01 Bn |
| 5 | Best Buy | 18.12 Bn | 16.37 Bn | 2.10 Bn | 1.73 Bn |
| 6 | Dick'S Sporting Goods | 16.43 Bn | 15.08 Bn | 1.77 Bn | 1.57 Bn |
| 7 | Tractor Supply | 15.93 Bn | 15.71 Bn | 1.30 Bn | 941.15 Mn |
| 8 | MINISO Group Holding | 15.77 Bn | 14.70 Bn | 414.86 Mn | -290.69 Mn |
| 9 | Five Below | 11.88 Bn | 10.95 Bn | 696.98 Mn | 337.11 Mn |
| 10 | OneWater Marine | 200.12 Mn | 157.34 Mn | 105.53 Mn | 92.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 92.26 Mn |
| Dec 31, 2025 | 88.78 Mn |
| Sep 30, 2025 | 230.96 Mn |
| Jun 30, 2025 | 92.37 Mn |
| Mar 31, 2025 | 88.18 Mn |
| Dec 31, 2024 | 79.91 Mn |
| Sep 30, 2024 | 80.05 Mn |
| Jun 30, 2024 | 87.06 Mn |
| Mar 31, 2024 | 98.36 Mn |
| Dec 31, 2023 | 79.60 Mn |
| Sep 30, 2023 | 232.05 Mn |
| Jun 30, 2023 | 92.84 Mn |
| Mar 31, 2023 | 90.19 Mn |
| Dec 31, 2022 | 77.84 Mn |
| Sep 30, 2022 | 79.66 Mn |
| Jun 30, 2022 | 87.87 Mn |
| Mar 31, 2022 | 75.49 Mn |
| Dec 31, 2021 | 62.14 Mn |
| Sep 30, 2021 | 55.60 Mn |
| Jun 30, 2021 | 60.54 Mn |