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Free Flow USA vs OneWater Marine: revenue, profit, margins and growth compared

Free Flow USA brought in $30K of revenue in fiscal 2025, OneWater Marine $1.9B in fiscal 2025. Revenue changed by +227.9% at Free Flow USA and +5.6% at OneWater Marine on the year before, so Free Flow USA grew faster. Free Flow USA kept -641.1% of its revenue as net profit, OneWater Marine -6.1%.

Side by side, latest fiscal year

FFLOONEW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$30K$1.9B
Revenue growth+227.9%+5.6%
Net income-$192.3K-$114.6M
Net margin-641.1%-6.1%
Free cash flown/a$79.7M
Free cash flow marginn/a4.3%
Earnings per share (diluted)n/an/a
Cash$11.3K$64.8M
Debtn/a$412.1M
Price to earningsn/an/a
Market value$7.6M$162.7M
Dividend yieldn/an/a
Rank by revenue in sector#1057 of 1065 · Consumer discretionary#381 of 1065 · Consumer discretionary

Over the years

Revenue
FFLO FY2018: $249.7KFFLO FY2019: $420.5KFFLO FY2020: $411.7KFFLO FY2021: $745.7KFFLO FY2022: $195.1KFFLO FY2023: $4KFFLO FY2024: $9.1KFFLO FY2025: $30KONEW FY2020: $1BONEW FY2021: $1.2BONEW FY2022: $1.7BONEW FY2023: $1.9BONEW FY2024: $1.8BONEW FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
FFLO $30KONEW $1.9B
Net income
FFLO FY2018: $51.2KFFLO FY2019: -$121.8KFFLO FY2020: $850.6KFFLO FY2021: $543.9KFFLO FY2022: -$2.8MFFLO FY2023: -$232.2KFFLO FY2024: $644.2KFFLO FY2025: -$192.3KONEW FY2018: $1.9MONEW FY2020: $37.3MONEW FY2020: $17.4MONEW FY2021: $79.1MONEW FY2022: $130.9MONEW FY2023: -$38.6MONEW FY2024: -$5.7MONEW FY2025: -$114.6MFY18FY19FY20FY21FY22FY23FY24FY25
FFLO -$192.3KONEW -$114.6M
Net margin
FFLO FY2018: 20.5%FFLO FY2019: -29.0%FFLO FY2020: 206.6%FFLO FY2021: 72.9%FFLO FY2022: -1,415.1%FFLO FY2023: -5,757.8%FFLO FY2024: 7,042.1%FFLO FY2025: -641.1%ONEW FY2020: 1.7%ONEW FY2021: 6.4%ONEW FY2022: 7.5%ONEW FY2023: -2.0%ONEW FY2024: -0.3%ONEW FY2025: -6.1%FY18FY19FY20FY21FY22FY23FY24FY25
FFLO -641.1%ONEW -6.1%
Revenue growth
FFLO FY2019: +68.4%FFLO FY2020: -2.1%FFLO FY2021: +81.1%FFLO FY2022: -73.8%FFLO FY2023: -97.9%FFLO FY2024: +126.9%FFLO FY2025: +227.9%ONEW FY2021: +20.1%ONEW FY2022: +42.1%ONEW FY2023: +11.0%ONEW FY2024: -8.5%ONEW FY2025: +5.6%FY19FY20FY21FY22FY23FY24FY25
FFLO +227.9%ONEW +5.6%
Free cash flow
FFLO FY2022: -$304.9KFFLO FY2023: -$23.8KONEW FY2018: -$14.4MONEW FY2020: -$13MONEW FY2020: $206.2MONEW FY2021: $149.5MONEW FY2022: -$4MONEW FY2023: -$151MONEW FY2024: $8.9MONEW FY2025: $79.7MFY18FY20FY21FY22FY23FY24FY25
FFLO -$23.8KONEW $79.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Free Flow USA and OneWater Marine

Which is bigger by revenue, Free Flow USA or OneWater Marine?

OneWater Marine is bigger by revenue: $1.9B in fiscal 2025, against $30K for Free Flow USA in fiscal 2025.

Which keeps more of its revenue as profit, Free Flow USA or OneWater Marine?

Free Flow USA had a net margin of -641.1% in fiscal 2025; OneWater Marine had -6.1% in fiscal 2025.

Which grew revenue faster, Free Flow USA or OneWater Marine?

In their latest fiscal years revenue changed by +227.9% at Free Flow USA and +5.6% at OneWater Marine.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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