OneWater Marine (ONEW) Operating Expenses (2018 - 2026)

OneWater Marine (ONEW) posted Operating Expenses of $92.3 million for Q1 2026, up 3.91% sequentially from $88.8 million in Q4 2025, and up 4.62% YoY from $88.2 million in Q1 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.

  • Quarterly Operating Expenses rose 4.62% year-over-year to $92.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $504.4 million (up 50.47% YoY) and the FY2025 annual result came in at $507.8 million, up 41.31% from the prior year.
  • Operating Expenses improved to $92.3 million in Q1 2026 per ONEW's latest filing, from $88.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $232.1 million in Q3 2023, with the low at $75.5 million in Q1 2022.
  • Average Operating Expenses over 5 years is $103.1 million, with a median of $88.2 million recorded in 2025.
  • Year-over-year, Operating Expenses surged 191.31% in 2023 and plunged 65.5% in 2024.
  • OneWater Marine's Operating Expenses stood at $77.8 million in 2022, then increased by 2.26% to $79.6 million in 2023, then climbed by 0.39% to $79.9 million in 2024, then increased by 11.1% to $88.8 million in 2025, then gained 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 NaaS Technology 29.20 Bn 29.20 Bn - -
2 Caseys General Stores 28.94 Bn 28.48 Bn 1.08 Bn 730.02 Mn
3 Williams Sonoma 27.71 Bn 26.69 Bn 1.10 Bn 627.08 Mn
4 Dick'S Sporting Goods 19.10 Bn 17.75 Bn 1.77 Bn 1.57 Bn
5 Tractor Supply 16.98 Bn 16.76 Bn 1.30 Bn 941.15 Mn
6 Best Buy 16.25 Bn 14.50 Bn 2.10 Bn 1.73 Bn
7 Murphy USA 10.35 Bn 10.23 Bn 3.98 Bn 279.80 Mn
8 Five Below 10.07 Bn 9.13 Bn 696.98 Mn 337.11 Mn
9 Winmark 8.93 Bn 8.93 Bn 20.23 Mn 7.87 Mn
10 OneWater Marine 183.42 Mn 140.64 Mn 105.53 Mn 92.26 Mn

Historic Data

Download Data
DateValue
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 62.10 Mn
Sep 30, 2021 55.60 Mn
Jun 30, 2021 60.54 Mn