Does OneWater Marine Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores OneWater Marine Inc. (ONEW) 42.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 35, returns on capital 58, balance-sheet safety 28, capital discipline 44.

How has ONEW's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 42.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

OneWater Marine Inc.

ONEW · Consumer Discretionary · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power35

Median gross margin 26.1% over 6y, stable.

Returns on capital58

Median ROIC 14.4%, above the 9% hurdle in 50% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -2x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $13.47
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for ONEW yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale42.5 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — ONEW has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#195 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#193TH TARGET HOSPITALITY CORP.42.8 out of 100, Shallow moatShallow moat
#194GME GameStop Corp.42.6 out of 100, Shallow moatShallow moat
#196MXCT MaxCyte, Inc.42.4 out of 100, Shallow moatShallow moat
#197UAA UNDER ARMOUR, INC.42.3 out of 100, Shallow moatShallow moat

Compare ONEW with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about ONEW

Does OneWater Marine Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores OneWater Marine Inc. (ONEW) 42.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 35, returns on capital 58, balance-sheet safety 28, capital discipline 44.
How has ONEW's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 42.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell ONEW. See the disclaimer.