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MCFT

MasterCraft Boat Holdings, Inc.

MCFT

MasterCraft Boat Holdings, Inc. • NASDAQ
$18.48 ▼ -1.33% (-0.25)
Market Cap $301.90 M
52w High $23.93
52w Low $14.38
Dividend Yield 0%
P/E 22.81
Volume 28.65K
Outstanding Shares 16.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $69.002M ▼ $11.618M ▼ $3.636M ▼ 5.269% ▼ $0.22 ▼ $6.586M ▼
Q4-2025 $79.516M ▲ $12.482M ▲ $5.697M ▲ 7.165% ▲ $0.35 ▲ $9.306M ▲
Q3-2025 $75.96M ▲ $11.651M ▲ $3.743M ▲ 4.928% ▲ $0.23 ▲ $7.442M ▲
Q2-2025 $63.368M ▼ $10.706M ▼ $2.748M ▲ 4.337% ▲ $0.17 ▲ $3.265M ▼
Q1-2025 $65.359M $10.794M $-5.145M -7.872% $-0.31 $4.27M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $31.76M ▼ $259.307M ▼ $73.579M ▼ $185.728M ▲
Q4-2025 $79.444M ▲ $259.948M ▼ $76.362M ▼ $183.386M ▲
Q3-2025 $66.517M ▲ $261.886M ▲ $79.619M ▲ $182.067M ▲
Q2-2025 $62.862M ▼ $250.115M ▼ $71.609M ▼ $178.306M ▲
Q1-2025 $82.809M $309.147M $133.5M $175.447M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $3.656M ▼ $-6.837M ▼ $12.012M ▲ $-2.341M ▲ $2.834M ▲ $-9.917M ▼
Q4-2025 $5.697M ▲ $20.444M ▲ $-14.916M ▼ $-5.109M ▼ $419K ▲ $17.852M ▲
Q3-2025 $3.821M ▲ $6.309M ▼ $-11.331M ▼ $-785K ▲ $-5.807M ▼ $4.297M ▲
Q2-2025 $426K ▲ $6.436M ▲ $63.97M ▲ $-50.252M ▼ $20.154M ▲ $4.047M ▲
Q1-2025 $-5.145M $2.404M $8.313M $-3.951M $6.766M $199K

Revenue by Products

Product Q2-2022Q3-2022Q4-2022Q1-2026
Other Product
Other Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Parts
Parts
 $0 ▲$0 ▲$0 ▲$0 ▲
Aviara
Aviara
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼
Crest
Crest
 $30.00M ▲$40.00M ▲$40.00M ▲$0 ▼
Mastercraft Segment
Mastercraft Segment
 $110.00M ▲$120.00M ▲$150.00M ▲$0 ▼
Nauticstar
Nauticstar
 $20.00M ▲$20.00M ▲$20.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement MasterCraft’s income statement shows a classic cycle: strong growth and profitability coming out of 2021–2023, followed by a noticeable slowdown more recently. Revenue has stepped down from prior peaks, which is typical for a discretionary, big-ticket product when demand softens or dealers work through excess inventory. Even with lower sales, the company is still profitable, but margins are clearly thinner than in the boom years, meaning each boat sold is contributing less profit than before. Overall, it looks like a solid business going through a down part of the cycle rather than a structurally broken model, but the earnings power seen at the peak should not be assumed as the norm every year.

Balance Sheet

Balance Sheet The balance sheet is a relative strength. Debt has been reduced to essentially zero, while shareholders’ equity has steadily built up over time. That combination suggests a conservative financial posture and room to maneuver through downturns without heavy reliance on lenders. Cash levels are modest but adequate for a company of this size, helped by ongoing profitability and controlled investment spending. In short, the company appears financially sturdy, with low leverage, reasonable assets, and no obvious balance sheet red flags.

Cash Flow

Cash Flow Cash generation has generally been positive, even as the business has moved from a high-demand environment into a softer period. Operating cash flow was strongest in the boom years and has come down more recently, in line with earnings. Free cash flow has stayed positive after covering capital spending, which itself has been steady and not overly aggressive. This pattern suggests management has kept investment at a disciplined level, preserving financial flexibility. Still, cash flows do fluctuate with the economic and industry cycle, so recent strength should be viewed with that cyclicality in mind.

Competitive Edge

Competitive Edge MasterCraft occupies a premium niche in performance sport boats, with a long-established brand, a reputation for quality, and a loyal customer base. Its focus on wake and surf performance, along with comfort and design, helps it stand out in a crowded field of recreational boat makers. Brand recognition going back decades, dealer relationships, and strong quality controls create some protection against smaller or lower-priced rivals. At the same time, the company still operates in a discretionary, highly competitive market where consumer spending and dealer inventory decisions can change quickly, so its advantages help but do not eliminate cyclical risk.

Innovation and R&D

Innovation and R&D Innovation is a central part of MasterCraft’s story. The SurfStar ecosystem, ballast systems, wake‑shaping hardware, and easy‑to‑use touchscreen controls give the boats a distinct performance and user-experience edge for wake sports. The company also invests in connectivity through its MasterCraft Connect app, upgraded helms, and comfort features like underwater exhaust. Numerous patents and ISO-certified processes back up this technical focus. Strategically, divesting Aviara and sharpening focus on core towboat and pontoon brands should allow R&D and product development dollars to be more concentrated. Future innovation watch points include more advanced telematics, potential moves toward sustainability, and continued refinement of wake and wave technology as rider preferences evolve.

Summary

Overall, MasterCraft looks like a well‑established, innovation‑driven premium boat maker navigating a normal but pronounced industry downturn. Financial results show that profits and cash flows are still positive, though clearly off peak levels, reflecting weaker demand and margin pressure rather than a loss of relevance. The balance sheet is a key asset, with little to no debt and growing equity, which supports resilience in a cyclical business. On the strategic side, the company’s brand strength, patented technologies, and focus on wake and surf performance form a tangible competitive moat, while its renewed focus on core brands could sharpen execution. The main variables going forward are the timing and strength of any demand recovery in recreational boating, and MasterCraft’s ability to keep pushing meaningful innovation while staying financially disciplined through the cycle.

NEWS

November 6, 2025 · 7:30 AM UTC

MasterCraft Boat Holdings, Inc. Reports Fiscal 2026 First Quarter Results

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November 3, 2025 · 2:32 PM UTC

MasterCraft Adds Northwest Inboards as New Dealership Supporting Pacific Northwest Region

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October 23, 2025 · 7:30 AM UTC

MasterCraft Boat Holdings, Inc. to Webcast Fiscal First Quarter 2026 Earnings Conference Call Thursday, November 6, 2025

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October 15, 2025 · 12:00 PM UTC

MasterCraft Takes the Helm, Partners with World Wake Association to Relaunch Rider Experience Tour

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October 1, 2025 · 11:00 AM UTC

MasterCraft's 2026 Lineup Debuts All-New X24 – Offering More Power, Unrivaled Precision, and a Commanding Presence

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