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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4187
Positioning
Market Dominance
Retail Trade
Retail
$218M
P. Austin Singleton
OneWater Marine Inc. operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts. It also provides boat repair and maintenance services. As of September 30, 2021, it operated 70 stores in 11 states.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = ONEW ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$ARCO Arcos Dorados Holdings Inc. | 73 | 85 | 89 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$IMKTA INGLES MARKETS INC | 70 | 73 | 89 | 76 | 11.3x | 4.1x | 6.9% | 4.1% | 24.3% | 2.8% | 1.9% | -3.4% | 1.1% | 33.0x | $1.2B | VS | |
$SGU STAR GROUP, L.P. | 69 | 82 | 79 | 63 | - | - | -25.2% | -10.6% | 28.1% | -6.3% | -5.4% | -7.8% | 6.1% | 57.0x | $396M | VS | |
$EZPW EZCORP INC | 68 | 77 | 82 | 89 | 7.2x | 4.2x | 12.0% | 6.2% | 59.1% | 11.6% | 8.5% | 10.5% | 0.0% | 52.0x | $764M | VS | |
$HTHT H World Group Ltd | 68 | 91 | 44 | 84 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$DDL Dingdong (Cayman) Ltd | 68 | 86 | 82 | 57 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$SBH Sally Beauty Holdings, Inc. | 68 | 83 | 92 | 77 | 5.1x | 2.3x | 32.0% | 6.6% | 51.5% | 8.4% | 4.9% | -1.0% | 0.0% | 178.0x | $934M | VS | |
$SPH SUBURBAN PROPANE PARTNERS LP | 67 | 80 | 90 | 53 | - | 13.0x | 0.4% | -3.5% | 61.7% | 2.1% | -5.7% | 2.2% | 7.1% | 190.0x | $1.2B | VS | |
$IHG INTERCONTINENTAL HOTELS GROUP PLC /NEW/ | 67 | 63 | 81 | 67 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ROST ROSS STORES, INC. | 67 | 63 | 55 | 83 | 25.2x | 16.5x | 34.8% | 13.3% | 28.0% | 11.6% | 9.1% | 10.4% | 1.0% | 26.0x | $51.6B | VS | |
$ONEW OneWater Marine Inc. | 34 | 43 | 30 | 22 | 5.1x | 3.4x | -4.0% | -0.8% | 23.0% | 1.7% | -0.9% | -29.8% | 0.0% | 420.0x | $218M | ||
| SECTOR BENCH | - | - | - | - | - | 21.4x | 9.1x | 9.6% | 3.6% | 37.3% | 4.4% | 2.4% | 3.7% | 0.0% | 0.7x | - | REF |
OneWater Marine Inc. (ONEW) receives a "Avoid" rating with a composite score of 34.3/100. It ranks #4187 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Average quality profile
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Retail Trade sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for ONEW.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 43 | 34 | +9ALPHA |
| MOMENTUM | 22 | 16 | +6ALPHA |
| VALUATION | 30 | 23 | +7ALPHA |
| INVESTMENT | 31 | 37 | -6DRAG |
| STABILITY | 39 | 39 | 0NEUTRAL |
| SHORT INT | 37 | 31 | +6ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -4.0% (sector 9.6%)
GM 23% vs sector 37%, OM 2% vs sector 4%
Capital turnover N/A
Rev growth -30%, 7yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate OneWater Marine Inc. (ONEW) as Avoid with a composite score of 34.3/100 at a current price of $11.81. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
OneWater Marine Inc. holds a top-quartile position (#0 of 50) within the Retail Trade sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 34.3/100 places it at rank #4187 in our full universe.
No Moat
Very High
Poor
Fair Value
Stable competitive position in a defensive sector.
Leverage of 420% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
OneWater Marine Inc. represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags OneWater Marine Inc. with an Avoid rating, assigning a composite score of 34.3/100 and 1 out of 5 stars. Ranked #4187 of 7,333 stocks, ONEW falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
ONEW's quality score of 43/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -4.0% (sector avg: 9.6%), gross margins of 23.0% (sector avg: 37.3%), net margins of -0.9% (sector avg: 2.4%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 30/100, ONEW appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 5.10x, an EV/EBITDA of 3.35x, a P/B ratio of 0.73x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
OneWater Marine Inc.'s investment score of 31/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -29.8% vs. a sector average of 3.7% and a return on assets of -0.8% (sector: 3.6%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
OneWater Marine Inc. is experiencing notably weak momentum with a score of just 22/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -29.8% year-over-year, while a beta of 1.54 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
ONEW's stability score of 39/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.54 and a debt-to-equity ratio of 420.00x (sector avg: 0.7x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
OneWater Marine Inc.'s short interest score of 37/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include high market sensitivity (beta: 1.54), elevated leverage (D/E: 420.00x), micro-cap liquidity risk. At $218M (micro-cap), ONEW carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
OneWater Marine Inc. is a micro-cap company in the Retail Trade sector, ranked #0 of 50 in its sector (100th percentile) and #4187 of 7,333 overall (43rd percentile). Key comparisons include ROE of -4.0% trailing the 9.6% sector median and operating margins of 1.7% below the 4.4% sector average. This top-quartile standing reflects exceptional competitive strength relative to Retail Trade peers.
While ONEW currently exhibits a AVOID profile, superior opportunities exist within the RETAIL TRADE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Retail Trade Alpha →Quant Factor Profile
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Improvement in Momentum (22) would have the largest impact on the composite score.
EV/EBITDA 63% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 141% BELOW SECTOR MEDIAN
Gross Margin 38% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081

OneWater Marine (ONEW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BUFORD, Ga., February 03, 2026--OneWater Marine Inc. (NASDAQ: ONEW) ("OneWater" or the "Company") today announced that it has completed the sale of Ocean Bio-Chem Holdings, Inc. ("Ocean Bio-Chem" or "OBCI") as part of its broader portfolio optimization strategy focused on core assets and long-term value creation. Proceeds from the transaction will be used to reduce debt and further strengthen the balance sheet.

OneWater Marine (ONEW) reported a significant earnings miss for its fiscal Q3 2024, with profits less than half of Wall Street's expectations. The company's new-boat and used-boat sales declined, and overall same-store sales fell, though the impact was more severe in Texas due to weather. Despite the challenges, the CEO remains cautiously optimistic about the rest of the year.
OneWater’s fourth quarter was marked by stable revenue and expanding margins, which prompted a positive reaction from the market. Management credited the performance to disciplined inventory management and benefits from recent brand rationalization efforts. CEO Austin Singleton highlighted that the company’s inventory mix and age profile are “healthy,” allowing for improved execution even as same-store sales remained flat. The company’s focus on optimizing its product portfolio and maintaining s
Retailers are overhauling their operations as technology redefines the shopping experience. Digitization has been one of the keys to staying competitive against e-commerce rivals, a move that has enabled the industry to grow same-store sales. Consequently, retail stocks have climbed 10.1% over the past six months, nearly mirroring the S&P 500.