MBUU
Malibu Boats, Inc.
MBUU's fundamentals are mixed, but it looks expensive: trading at 47x earnings, about four times its usual 13x. Analysts expect strong earnings growth, though they disagree widely on how much.
MBUU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Under pressure | |
| Stable |
MBUU's revenue is currently strong, and its profitability and balance sheet are stable, but its cash flow is under pressure.
MBUU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.8x | $20.35 | — |
| Cheap | 7.4x | $3.16 | -84% |
| Fair | 13x | $5.52 | -73% |
| Expensive | 26x | $11.27 | -45% |
| Current | 47x | $20.35 | — |
Historical ranges are pointers, not guarantees.
MBUU's PE is in its expensive range at 47x. If earnings grow as analysts expect, today's price would be 6.8x next year's earnings, in its cheap range.
MBUU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for MBUU, with profitability improving. However, they disagree widely on these estimates.
MBUU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.01 | +600% |
| Q3 2026 | $0.43 | -56% |
| Q2 2026 | $0.09 | -88% |
| Q1 2026 | -$0.07 | +$0.33 |
| Q4 2025 | $0.72 | +$5.06 |
| Q3 2025 | $0.97 | +$4.94 |
| Q2 2025 | $0.76 | +$3.50 |
| Q1 2025 | -$0.40 | +$2.27 |
| Q4 2024 | -$4.34 | -239% |
MBUU's earnings per share have fallen from their peak: $0.43 over the past year, against $8.23 in late 2022.
MBUU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $252.9M | +30% |
| Q2 2026 | $295.5M | +43% |
| Q1 2026 | $235.7M | +3.1% |
| Q4 2025 | $188.6M | -5.8% |
| Q3 2025 | $194.7M | +13% |
| Q2 2025 | $207M | +30% |
| Q1 2025 | $228.7M | +12% |
| Q4 2024 | $200.3M | -5.1% |
MBUU's revenue is recovering but still below its 2023 peak: $253M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.2% | +5.6 points |
| Q2 2026 | 3.2% | -0.1 points |
| Q1 2026 | -0.8% | -8.4 points |
| Q4 2025 | -1.9% | -3.4 points |
| Q3 2025 | -0.4% | +2.8 points |
| Q2 2025 | 3.3% | +19 points |
| Q1 2025 | 7.6% | +44 points |
| Q4 2024 | 1.6% | -5.4 points |
MBUU's operating margin was 5.2% last quarter, up 5.6 points from the same quarter a year ago.
MBUU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$39.5M | -1871% |
| Q2 2026 | $16.9M | +20% |
| Q1 2026 | $15.5M | +77% |
| Q4 2025 | $8.2M | -64% |
| Q3 2025 | $2.2M | +$19.3M |
| Q2 2025 | $14.1M | +214% |
| Q1 2025 | $8.8M | -24% |
| Q4 2024 | $22.8M | -56% |
MBUU usually generates cash, though not every quarter: the latest was −$39M, but it generated $1M over the past year.
MBUU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.1% | +596K shares |
| 1 year | +3.1% | +604K shares |
| 3 years | -3.6% | -744K shares |
| 5 years | -5.6% | -1.2M shares |
| Available history | -3.7% | -761K shares |
MBUU has 20M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $13.1M |
| Q4 2025 | $20.8M |
| Q3 2025 | — |
| Q2 2025 | $5.7M |
| Q1 2025 | $10.1M |
| Q4 2024 | $9.7M |
| Q3 2024 | $10.5M |
MBUU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2023 | -0.2x | Net Cash |
MBUU's net debt is about 2.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
MBUU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.3 | Neutral |
| Stochastic | 14.6 | Oversold |
MBUU's weekly RSI is 36 (neutral) and its Stochastic is 15 (oversold).
MBUU PE vs Consumer Cyclical Sector
| Metric | MBUU | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 18x | 163% above |
| PE % | 96 | 47 | 49 pts above |
MBUU is trading at 47x earnings, a 163% premium to the Consumer Cyclical sector's median of 18x.
MBUU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.2 | 8.3% below |
| 20 week MA | $25.2 | 19% below |
| 50 week MA | $27.1 | 25% below |
| 100 week MA | $29.7 | 32% below |
| 200 week MA | $38.4 | 47% below |
MBUU is in a downtrend: it's below all five of its weekly moving averages, and 47% below its 200-week average.
MBUU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $67.0 | +64% |
| 2021 | $67.0 | $66.6 | -0.7% |
| 2022 | $66.6 | $53.9 | -19% |
| 2023 | $53.9 | $54.8 | +1.7% |
| 2024 | $54.8 | $36.6 | -33% |
| 2025 | $36.6 | $29.3 | -20% |
| 2026 YTD | $29.3 | $20.4 | -31% |
MBUU has finished lower in four of the last six years. It's down 31% so far in 2026.