OneWater Marine (ONEW) Operating Expenses (2018 - 2026)
OneWater Marine's (ONEW) quarterly Operating Expenses came in at $92.3 million in Q1 2026, up 4.62% year-on-year from $88.2 million in Q1 2025, and up 3.91% quarter-over-quarter from $88.8 million in Q4 2025.
OneWater Marine (ONEW) Operating Expenses (2018 - 2026) Analysis & Trends
OneWater Marine has disclosed Operating Expenses across 9 years of filings, most recently posting $92.3 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $92.3 million, up 4.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $504.4 million (up 50.47% YoY), and the FY2025 annual result was $507.8 million, up 41.31% from the prior year.
- Operating Expenses came in at $92.3 million for Q1 2026 at OneWater Marine, up 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.
- The 5-year median for Operating Expenses is $88.2 million (2025), against an average of $103.1 million.
- Across the five-year window, Operating Expenses jumped 191.31% in 2023 and slumped 65.5% in 2024, its largest moves.
- OneWater Marine's Operating Expenses stood at $77.8 million in 2022, then advanced by 2.26% to $79.6 million in 2023, then rose by 0.39% to $79.9 million in 2024, then advanced by 11.1% to $88.8 million in 2025, then grew by 3.91% to $92.3 million in 2026.
- The last three Operating Expenses figures came in at $92.3 million (Q1 2026), $88.8 million (Q4 2025), and $231.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 697.64 Mn |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 1.01 Bn |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 1.57 Bn |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 941.15 Mn |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 1.73 Bn |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 337.11 Mn |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 279.80 Mn |
| 10 | OneWater Marine | 176.18 Mn | 133.41 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 | 62.10 Mn |
| Sep 30, 2021 | 55.60 Mn |
| Jun 30, 2021 | 60.54 Mn |