OneWater Marine (ONEW) Cash Flow: Operating & Free Cash Flow

OneWater Marine (ONEW) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), OneWater Marine generated $91.75M of operating cash flow and spent $12.73M on capital expenditures. That left free cash flow of $79.02M, up 785.8% from $8.92M a year earlier, or 4.2% of revenue. It returned $2.12M to shareholders through $275.00K in dividends and $1.85M in share buybacks.

OneWater Marine Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for OneWater Marine Inc. (ONEW) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	-116.23	-6.18	-39.11	152.61	116.41	48.51	37.26	1.95	-4.26
Depreciation & Amortization	24.44	22.19	26.79	16.30	5.41	3.25	2.68	1.68	1.06
Deferred Income Tax	-35.85	-0.33	-23.03	5.74	3.73	0.51	0.04	32.93	18.18
Stock Based Compensation	10.50	8.44	8.96	10.01	5.74	2.21	0.15	0.15	0.43
Change in Working Capital	60.20	6.08	-260.71	-192.29	24.69	146.20	-47.64	-43.81	-9.45
Change in Accounts Receivable	15.22	-1.48	-10.05	-3.71	-9.53	-3.19	-2.34	-4.74	-1.75
Change in Inventory	47.91	24.64	-232.29	-167.18	25.29	127.21	-38.95	-39.86	-13.28
Change in Accounts Payable	7.65	0.23	0.20	6.42	-0.03	7.24	-0.97	0.01	1.79
Change in Other Working Capital	148.33	-15.97	3.89	-27.82	-19.10	14.94	-5.37	0.78	3.79
Other Operating Activities	148.33	3.76	-13.84	15.08	7.17	11.80	1.80	2.44	0.55
Net Cash from Operating Activities	91.75	34.84	-129.76	7.45	159.42	212.48	-5.70	-4.65	6.51
Investing Activities
Capital Expenditures	-12.73	-25.92	-21.25	-15.65	-9.90	-6.31	-7.29	-10.13	-4.11
Acquisitions	0.71	-5.71	-28.88	-459.54	-107.47	1.64	-19.40	-13.79	-19.25
Purchases of Investments	0.00	0.00	0.00	-2.00	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	-0.71	-0.91	-2.82	0.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-0.30	44.95	0.57	0.35	0.23	0.00	15.70	0.00	0.06
Net Cash from Investing Activities	-11.60	13.32	-51.60	-476.84	-117.13	-4.67	-11.00	-23.92	-23.30
Financing Activities
Debt Repayment	-42.15	-78.38	-18.34	477.33	-8.88	-93.84	3.86	3.15	-2.61
Common Stock Issued	1.19	1.52	2.09	0.00	-0.54	67.31	0.00	-0.09	88.49
Common Stock Repurchased	-1.85	-2.64	-3.55	-0.35	-0.80	0.00	0.00	0.00	-2.06
Dividends Paid	-0.28	-5.42	-3.60	-9.48	-32.08	-109.40	-14.45	-3.26	-47.20
Other Financing Activities	-5.20	-32.26	-16.14	-11.09	-1.24	-15.22	23.05	34.37	66.80
Net Cash from Financing Activities	-42.61	-114.11	213.72	456.40	-36.50	-151.14	12.46	34.26	16.99
Summary
Effect of Forex Changes on Cash	-0.05	-0.02	0.01	-0.01	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	37.48	-65.97	32.36	-13.00	5.80	56.66	-4.24	5.68	0.20
Cash at Beginning of Period	27.34	93.31	60.95	73.95	68.15	11.49	15.35	9.66	9.46
Cash at End of Period	64.82	27.34	93.31	60.95	73.95	68.15	11.11	15.35	9.66
Free Cash Flow	79.02	8.92	-151.01	-8.20	149.53	206.17	-12.99	-14.79	2.40
Supplemental Disclosures
Interest Paid	61.04	75.96	49.51	14.60	6.25	-	-	-	-
Income Taxes Paid	-5.94	5.50	23.32	35.23	28.54	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About OneWater Marine Cash Flow

What is OneWater Marine's free cash flow?

OneWater Marine generated free cash flow of $79.02M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $91.75M minus $12.73M of capital expenditures. That was up 785.8% from $8.92M a year earlier. Free cash flow equaled 4.2% of revenue.

How much does OneWater Marine spend on capital expenditures?

OneWater Marine spent $12.73M on capital expenditures in fiscal 2025, compared with $25.92M a year earlier. That equals 13.9% of operating cash flow.

Does OneWater Marine pay dividends or buy back shares?

Yes. In fiscal 2025 OneWater Marine returned $275.00K in dividends and $1.85M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition