MasterCraft Boat
Builds recreational powerboats across towboat, pontoon, recreation, and sport-fishing brands.
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Profile
Sells recreational powerboats through MasterCraft, Crest, Balise, Chaparral, and Robalo, with boats, trailers, parts, and related revenue flowing through dealer networks. The business is concentrated in the United States, while demand depends on discretionary boat purchases, production volume, dealer inventory, and integration of the Marine Products acquisition.
Designs, manufactures, and markets recreational powerboats through MasterCraft towboats, Crest and Balise pontoons, and the Chaparral and Robalo brands added through Marine Products. Boats and trailers drive the model, with parts and other revenue supporting the installed base through dealers.
Sales are concentrated in the United States, with an international dealer footprint across Canada, Europe, Australia, South America, Africa, Asia, and the Middle East. The MasterCraft brand grew from performance ski and wake boats, while Crest and Balise extend the portfolio into pontoons.
Execution rests on product quality, innovation, operating discipline, and dealer health. Results depend on discretionary recreational-boat demand, production absorption, dealer inventory alignment, and integration of the newly added Chaparral and Robalo brands.
Company facts
Categories
Key statistics
Year to date +26.1% · Average volume (30d) 167.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 6, 2026 | Truist Financial | Target | $25 | $28 | ||
| May 8, 2026 | Robert W. Baird | Target | $28 | $30 | ||
| Apr 27, 2026 | Truist Financial | Target | $21 | $25 | ||
| Feb 6, 2026 | Robert W. Baird | Target | $24 | $28 | ||
| Dec 22, 2025 | Loop Capital Markets | Target | $21 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 7, 2026Q3 FY26 | $0.36 | $0.45 | +25.0% | $75.6M | $78.2M | +3.5% | +7.08% |
| Feb 5, 2026Q2 FY26 | $0.16 | $0.29 | +81.2% | $68.8M | $71.8M | +4.3% | +2.28% |
| Nov 6, 2025Q1 FY26 | $0.16 | $0.28 | +75.0% | $68.8M | $69.0M | +0.3% | −0.49% |
| Aug 27, 2025Q4 FY25 | $0.18 | $0.40 | +122.2% | $66.8M | $79.5M | +19.0% | −3.71% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $63.4M | $76.0M | $79.5M | $69.0M | $71.8M | $78.2M | |
| Gross profit | $10.9M | $15.8M | $18.4M | $15.4M | $15.1M | $19.1M | |
| Operating income | $186.0K | $4.1M | $5.9M | $3.8M | $2.8M | −$1.3M | |
| Net income | $2.7M | $3.7M | $5.7M | $3.6M | $2.5M | −$742.0K | |
| Diluted EPS | $0.17 | $0.23 | $0.34 | $0.22 | $0.15 | −$0.05 | |
| Gross margin | 17.2% | 20.8% | 23.2% | 22.3% | 21.0% | 24.4% | |
| Operating margin | 0.3% | 5.4% | 7.5% | 5.5% | 3.9% | -1.7% |
Fiscal years (4-quarter sums)FY21 $525.8M · FY22 $662.0M · FY23 $662.0M · FY24 $335.2M · FY25 $284.2M
Revenue by product · Q1 FY26
Balance sheet, Mar 29, 2026Cash & short-term investments $84.6M · Total debt $0 · Total assets $277.9M · Shareholders' equity $189.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 24.22M · Float 18.32M · 75.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lor Inc · 10 percent owner | 4.69M | 19.35% | Form 4 | May 26, 2026 |
| R. Randall Rollins Voting Trust U/A dated August 25, 1994 · 10 percent owner | 4.44M | 18.33% | Form 4 | May 26, 2026 |
| Coliseum Capital Management, LLC | 3.70M | 15.26% | 13F | Aug 14, 2026 |
| Forager Fund, L.P. · 10 percent owner | 1.61M | 6.65% | Form 4 | Feb 24, 2026 |
| Forager Capital Management, LLC | 1.45M | 5.99% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 20, 2026 | Forager Fund, L.P. | 10 percent owner | −26,497 | $23.50 |
| Feb 19, 2026 | Forager Fund, L.P. | 10 percent owner | −30,131 | $23.43 |
| Feb 18, 2026 | Forager Fund, L.P. | 10 percent owner | −19,050 | $23.72 |
| Feb 17, 2026 | Forager Fund, L.P. | 10 percent owner | −12,163 | $23.74 |
| Dec 18, 2025 | Coliseum Capital Management, LLC | 10 percent owner | +33,807 | $19.34 |
Peers
- Malibu Boats
Closest public towboat peer with saltwater and day-boat overlap
- Brunswick
Broad marine platform overlapping in pontoons, runabouts, and fishing boats
- Polaris
Pontoon and deck-boat pressure through Bennington, Godfrey, and Hurricane
- Winnebago Industries
Premium pontoon and luxury runabout overlap through Barletta and Chris-Craft
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MasterCraft Boat | $23.89 | +0.21% | $578.7M | 36.0 | 13.1 | 1.9 | +3.0% |
| Malibu Boats | $27.36 | −0.04% | $537.3M | 371.2 | 11.4 | 0.6 | +42.7% |
| Brunswick | $76.64 | −0.01% | $4.98B | — | 15.6 | 0.9 | +7.7% |
| Polaris | $63.78 | 0.00% | $3.63B | — | 22.0 | 0.5 | +9.2% |
| Winnebago Industries | $30.60 | −0.13% | $865.0M | 22.5 | 13.9 | 0.3 | −9.9% |
| Median | 196.9 | 14.7 | 0.5 | +8.4% |






