MasterCraft Boat Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MasterCraft Boat Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	229	333	466	363	466	642	610	322	284	349
Cost of revenue	165	242	353	288	341	473	441	251	227	269
Gross profit	63.5	90.4	113	75.4	125	168	169	71.6	56.9	79.8
Research and development	3.55	4.9	5.6	5.2	5.8	7.2	6.3	6.8	6.5	7.1
Selling and marketing	9.38	13	17.7	16	11.6	12.9	12.4	11.2	11.7	12.9
General and administrative	20.5	19.8	27.7	25.6	33	36.1	32.9	31.1	32.1	53.3
Operating expenses	30	34.4	79.9	102	46.5	52	47.3	44.1	45.6	80.9
Operating income	33.5	56	33.3	-26.6	78.6	116	121	27.5	11.2	-1.11
Interest expense	2.22	3.47	6.51	5.05	3.39	1.47	2.68	3.29	1.17	0.22
Pre-tax income	31.3	52.5	26.7	-31.6	74.5	115	122	30	13.5	1.35
Income tax	11.7	12.9	5.39	-7.57	16.1	26.8	28.3	6.73	2.82	2.95
Net income	19.6	39.7	21.4	-24	56.2	58.2	68.9	7.8	7.04	-1.66
EBITDA	36.7	61.1	41	-16	87	126	130	35.9	20.8	12.5
EPS, basic	1.05	2.13	1.14	-1.28	2.99	3.15	3.91	0.46	0.43	-0.10
EPS, diluted	1.05	2.12	1.14	-1.28	2.96	3.12	3.88	0.46	0.43	-0.10
Shares, basic (weighted)	18.6	18.6	18.7	18.7	18.8	18.5	17.6	16.9	16.4	17.2
Shares, diluted (weighted)	18.6	18.7	18.8	18.7	19	18.6	17.8	17	16.5	17.2

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	4.04	7.91	5.83	16.3	39.3	34.2	19.8	7.39	28.9	43.9
Short-term investments								78.8	50.5	0
Receivables	3.5	5.52	12.5	6.15	12.1	22.5	15.7	11.5	4.09	11.4
Inventory	11.7	20.5	30.7	25.6	53.5	58.6	58.3	37	30.5	82.3
Other current assets	2.44	3.3	4.46	3.72	5.06	7.23	10.1	8.69	7.01	13
Total current assets	21.7	37.2	54.4	56.7	110	146	195	155	121	153
Property, plant and equipment	14.8	22.3	33.6	40.5	60.5	55.8	77.9	52.3	53.6	121
Goodwill	29.6	65.8	74	29.6	29.6	28.5	28.5	28.5	28.5	134
Intangible assets	16.6	51	79.8	63.8	59.9	37.4	35.5	33.7	31.9	82.2
Other non-current assets	0.13	0.25	0.25	0.75	0.61	1.29	3.87	8.19	5.9	10.9
Total assets	83.3	177	249	208	276	297	354	260	260	500
Accounts payable	11	17.3	18	10.5	23.9	23.4	20.4	10.4	8.26	24.2
Accrued liabilities	1.69	3	3.49	1.49	6.05	4.91	5.84	4.67	5.79	9.44
Deferred revenue			0.8	0.56	1.85	1.45	1.48	2.03	1.97	4.76
Short-term debt	3.69	5.07	8.73	8.93	2.87	2.87	4.38	4.37	0
Total current liabilities	36.9	50.9	68.5	55.4	74.3	93.2	103	77.9	65.2	97.7
Long-term debt	30.8	70.1	105	99.7	90.3	53.7	49.3	44.9	0
Other non-current liabilities				0.28	0.28	0.2	2.7	2.55	2.09	1.81
Total liabilities	71.6	124	176	159	169	153	162	134	76.4	119
Total debt	34.5	75.2	114	109	93.1	56.5	53.7	49.3	0
Paid-in capital	113	114	116	116	119	96.6	76	59.9	52.6	252
Retained earnings	-101	-61.7	-43.5	-67.5	-11.3	46.9	116	124	131	129
Shareholders' equity	11.8	52.5	72.3	48.9	108	144	192	184	183	381
Minority interests						0	0.12	0.2	0.2	0.2
Total equity	11.8	52.5	72.3	48.9	108	144	192	184	184	381
Total liabilities and equity	83.3	177	249	208	276	297	354	318	260	500
Shares outstanding	18.6	18.7	18.8	18.9	19	18.1	17.3	16.8	16.4	24.4

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	19.6	39.7	21.4	-24	56.2	58.2	68.9	7.8	7.04	-1.66
Depreciation and amortization	3.23	5.09	7.79	10.5	8.37	9.73	8.4	8.38	9.58	13.7
Stock-based compensation	0.71	1.19	1.68	1.06	2.93	3.51	3.46	2.6	2.92	4.11
Deferred income tax	4.45	0.56	-6.73	-9.77	0.84	-6.39	9.1	-6.16	-0.33	3.1
Change in receivables	-0.55	-0.21	-1.84	6.29	-3.84	-13	10.3	2.46	4.83	-2.34
Change in inventory	1.19	-2.75	-0.45	4.75	-20.8	-18.1	3.27	6.07	6.57	3.16
Change in payables	-2.1	2.85	-3	-6.87	9.89	3.25	-4.07	-7.59	-2.02	4.49
Cash from operations	26.2	49.4	55.9	30.2	68.5	73.3	134	12.5	35.6	30.5
Capital expenditures	-4.14	-5.31	-14.1	-14.2	-25.2	-12.3	-24.6	-10.5	-9.2	-8.12
Acquisitions		-80.5	-81.7					0	0	-54.1
Cash from investing	-4.14	-85.7	-95.8	-14.2	-27.8	-15.8	-121	-1.79	46	-11.4
Share buybacks					0	-25.5	-22.9	-16.3	-9.77	-2.34
Cash from financing	-18.1	40.2	37.8	-5.49	-17.8	-62.5	-27.1	-23.1	-60.1	-4.16
Net change in cash	3.97	3.87	-2.08	10.5	22.9	-5.05	-14.4	-12.4	21.5	14.9
Free cash flow	22.1	44.1	41.8	16	43.3	61	110	1.97	26.4	22.4
Interest paid	2.01	2.98	5.53	4.84	2.85	1.19	2.43	2.99	0.75	0.06
Income taxes paid	6.54	13.5	12.4	6.15	9.17	18.8	10.1	11.6	0.28	2.06

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $20.59 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	22.9%	Gross profit / revenue.
Operating margin	-0.3%	Operating income / revenue.
EBITDA margin	3.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	0.4%	Pre-tax income / revenue.
Net margin	-0.5%	Net income / revenue.
FCF margin	6.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	8.7%	Cash from operations / revenue.
Effective tax rate	218.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	-0.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-0.4%	Net income / average total assets.
Return on invested capital (ROIC)	-0.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	2.0%	Research and development expense / revenue.
Stock-based pay / revenue	1.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.3%	Capital expenditures / revenue.
D&A / revenue	3.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	22.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-17.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-5.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	40.3%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-22.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-8.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-109.9%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-39.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-54.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-32.1%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-123.6%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-123.3%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-14.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-39.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-14.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-15.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-41.1%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-12.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	107.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	25.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	28.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	92.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	12.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	12.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	3.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.56x	Current assets / current liabilities.
Quick ratio	0.57x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.45x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	23.8%	Total liabilities / total assets.
Interest coverage	-5.18x	Operating income / interest expense.
Working capital	$55.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	43.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$164.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.92x	Revenue / average total assets.
Fixed asset turnover	4.01x	Revenue / average property, plant and equipment.
Inventory turnover	4.77x	Cost of revenue / average inventory.
Days inventory	76 days	365 x average inventory / cost of revenue.
Receivables turnover	44.9x	Revenue / average receivables.
Days sales outstanding	8 days	365 x average receivables / revenue.
Days payables	22 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	63 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	26.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.10	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	-$0.10	Net income per basic share, as reported (split-adjusted).
Revenue per share	$20.33	Revenue / diluted weighted shares.
FCF per share	$1.30	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.78	Cash from operations / diluted weighted shares.
Book value per share	$15.59	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$6.74	Tangible book value / shares outstanding.
Cash per share	$1.79	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	10.4%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$335.2M	Share price x shares outstanding.
Enterprise value	$291.3M	Market cap + total debt - cash - short-term investments.
P/S	0.96x	Market cap / revenue.
P/B	0.88x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.03x	Market cap / tangible book value, when positive.
P/FCF	15.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.0x	Market cap / cash from operations, when positive.
EV/Sales	0.84x	Enterprise value / revenue.
EV/EBITDA	23.2x	Enterprise value / EBITDA, when both are positive.
EV/FCF	13.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.7%	Free cash flow / market cap.
Earnings yield	-0.5%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.7%	(Dividends paid + share buybacks) / market cap.

What was MasterCraft Boat Holdings, Inc.'s revenue in fiscal 2026?

MasterCraft Boat Holdings, Inc. reported revenue of $348.9M for fiscal 2026, 22.8% higher than the year before.

Was MasterCraft Boat Holdings, Inc. profitable in fiscal 2026?

No. It reported a net loss of $1.7M.

How much free cash flow did MasterCraft Boat Holdings, Inc. generate in fiscal 2026?

Cash from operations of $30.5M minus capital expenditures of $8.1M left free cash flow of $22.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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