OneWater Marine Inc. is a holding company that operates as one of the largest and fastest growing marine retailers in the United States with 95 dealership locations, nine distribution centers/warehouses and multiple online marketplaces as of September 30, 2025. Its dealerships are located in the Southeast, Gulf Coast, Mid Atlantic and Northeast regions, many of which rank among the top twenty states for marine retail expenditures. The company sells new and pre owned premium…
OneWater Marine Inc. is a holding company that operates as one of the largest and fastest growing marine retailers in the United States with 95 dealership locations, nine distribution centers/warehouses and multiple online marketplaces as of September 30, 2025. Its dealerships are located in the Southeast, Gulf Coast, Mid Atlantic and Northeast regions, many of which rank among the top twenty states for marine retail expenditures. The company sells new and pre owned premium boats, arranges financing and insurance, provides repair and maintenance services, offers marine parts and accessories and provides slip and storage accommodations at select locations.
OneWater Marine Inc. generates revenue from the sale of new and pre owned boats, finance and insurance products, repair and maintenance services, and parts and accessories. In fiscal year 2025, new boat sales accounted for approximately $1,158.2 million or 61.9% of consolidated revenue, pre owned boat sales for $363.9 million or 19.4%, finance and insurance fees for $55.0 million or 2.9%, and service, parts and other for $295.3 million or 15.8%. The Distribution segment contributes manufacturing, assembly and distribution of marine related products, representing about 8% of total revenue, while the Dealerships segment contributes roughly 92%. Non boat sales made up approximately 18.7% of revenue in fiscal year 2025.
OneWater Marine Inc. operates through two reportable segments: Dealerships and Distribution.
- Dealerships: This segment includes the operations of 95 dealerships in 17 states such as Florida, Texas, Alabama and Georgia, and accounts for about 92% of revenues for the year ended September 30, 2025. It engages in the sale of new and pre owned boats, arranges financing and insurance products, performs repair and maintenance services, offers marine related parts and accessories and provides slip and storage accommodations in certain locations.
- Distribution: This segment comprises the fully owned businesses PartsVu, Ocean Bio Chem and T H Marine, which together operate nine distribution centers/warehouses in Alabama, Florida, Oklahoma and Indiana and account for roughly 8% of revenues. It focuses on the manufacturing, assembly and distribution of marine related products such as jack plates, bilge pumps, rigging parts, plumbing components, LED lighting, storage systems and appearance, cleaning and maintenance products for sale to distributors, big box retailers, online retailers and direct consumers.
OneWater Marine Inc. believes it is one of the largest and fastest growing marine retailers in the United States, yet it accounts for less than 4% of total industry sales in a highly fragmented market of approximately 4,000 dealerships. Its scale, diverse inventory and strong relationships with over 35 boat manufacturers enable it to obtain favorable pricing and terms, while its ability to offer a personalized sales experience and a broad product mix provides a competitive advantage over smaller, independent retailers.
The company serves a diverse customer base that includes individual recreational boat buyers, boat manufacturers, distributors, big box retailers such as Wal Mart, Tractor Supply, West Marine and Bass Pro Shops, online retailers including Amazon, and national and regional distributors that resell its parts and accessories to specialized outlets.