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Malibu Boats vs NextBoat: revenue, profit, margins and growth compared

Malibu Boats brought in $914.6M of revenue in fiscal 2026, NextBoat $119.9M in fiscal 2025. Revenue changed by +13.3% at Malibu Boats and +21.1% at NextBoat on the year before, so NextBoat grew faster. Malibu Boats kept 0.2% of its revenue as net profit, NextBoat -1.6%. Free cash flow was $42.8M at Malibu Boats and -$1.3M at NextBoat.

Side by side, latest fiscal year

MBUUNXB
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$914.6M$119.9M
Revenue growth+13.3%+21.1%
Net income$1.7M-$1.9M
Net margin0.2%-1.6%
Free cash flow$42.8M-$1.3M
Free cash flow margin4.7%-1.1%
Earnings per share (diluted)$0.09-$0.09
Cash$74.4M$12.4M
Debt$165M$94.5K
Price to earnings267.7n/a
Market value$473.1M$50.8M
Dividend yieldn/an/a
Rank by revenue in sector#277 of 451 · Industrials#372 of 451 · Industrials

Over the years

Revenue
MBUU FY2019: $684MMBUU FY2020: $653.2MMBUU FY2021: $926.5MMBUU FY2022: $1.2BMBUU FY2023: $1.4BMBUU FY2024: $829MMBUU FY2025: $807.6MMBUU FY2026: $914.6MNXB FY2025: $99MNXB FY2025: $119.9MFY19FY20FY21FY22FY23FY24FY25FY26
MBUU $914.6MNXB $119.9M
Net income
MBUU FY2019: $66.1MMBUU FY2020: $61.6MMBUU FY2021: $109.8MMBUU FY2022: $157.6MMBUU FY2023: $104.5MMBUU FY2024: -$55.9MMBUU FY2025: $14.9MMBUU FY2026: $1.7MNXB FY2025: $991.7KNXB FY2025: -$1.9MFY19FY20FY21FY22FY23FY24FY25FY26
MBUU $1.7MNXB -$1.9M
Net margin
MBUU FY2019: 9.7%MBUU FY2020: 9.4%MBUU FY2021: 11.9%MBUU FY2022: 13.0%MBUU FY2023: 7.5%MBUU FY2024: -6.7%MBUU FY2025: 1.8%MBUU FY2026: 0.2%NXB FY2025: 1.0%NXB FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25FY26
MBUU 0.2%NXB -1.6%
Revenue growth
MBUU FY2020: -4.5%MBUU FY2021: +41.9%MBUU FY2022: +31.1%MBUU FY2023: +14.3%MBUU FY2024: -40.3%MBUU FY2025: -2.6%MBUU FY2026: +13.3%NXB FY2025: +21.1%FY20FY21FY22FY23FY24FY25FY26
MBUU +13.3%NXB +21.1%
Free cash flow
MBUU FY2019: $63.6MMBUU FY2020: $52.9MMBUU FY2021: $100.6MMBUU FY2022: $109.8MMBUU FY2023: $129.9MMBUU FY2024: -$20.4MMBUU FY2025: $28.6MMBUU FY2026: $42.8MNXB FY2025: -$7.1MNXB FY2025: -$1.3MFY19FY20FY21FY22FY23FY24FY25FY26
MBUU $42.8MNXB -$1.3M

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

Questions about Malibu Boats and NextBoat

Which is bigger by revenue, Malibu Boats or NextBoat?

Malibu Boats is bigger by revenue: $914.6M in fiscal 2026, against $119.9M for NextBoat in fiscal 2025.

Which keeps more of its revenue as profit, Malibu Boats or NextBoat?

Malibu Boats had a net margin of 0.2% in fiscal 2026; NextBoat had -1.6% in fiscal 2025.

Which grew revenue faster, Malibu Boats or NextBoat?

In their latest fiscal years revenue changed by +13.3% at Malibu Boats and +21.1% at NextBoat.

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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