MasterCraft Boat (MCFT)


Market Price (8/11/2026): $24.08 | Market Cap: $388.6 MilSector: Consumer Discretionary | Industry: Leisure Products

MasterCraft Boat (MCFT)


Market Price (8/11/2026): $24.08
Market Cap: $388.6 Mil
Sector: Consumer Discretionary
Industry: Leisure Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%

Attractive yield
FCF Yield is 6.6%

Low stock price volatility
Vol 12M is 40%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Luxury Consumer Goods, and Travel & Leisure Tech.

Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -87%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -21%

Key risks
MCFT key risks include significant margin pressure driven by [1] the necessity of offering dealer incentives and servicing its variable rate debt in a high-interest-rate environment, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
3 Attractive yield
FCF Yield is 6.6%
4 Low stock price volatility
Vol 12M is 40%
5 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Luxury Consumer Goods, and Travel & Leisure Tech.
6 Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -87%
7 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x
8 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -21%
9 Key risks
MCFT key risks include significant margin pressure driven by [1] the necessity of offering dealer incentives and servicing its variable rate debt in a high-interest-rate environment, Show more.

MCFT in ETFs

Weight = MCFT's share of each fund

FNDA0.03%
IWN0.03%
AVUV0.02%
VTWO0.01%
DFAS0.01%
IWO0.00%
DFAC0.00%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 8/4/2026

MasterCraft Boat (MCFT) stock has gained about 5% since 4/30/2026 because of the following key factors:

1. MasterCraft Boat Holdings, Inc. reported strong fiscal Q3 2026 results that surpassed analyst expectations. The company announced its fiscal Q3 2026 earnings on May 7, 2026, for the quarter ended March 29, 2026, reporting adjusted earnings per share (EPS) of $0.45, which beat the consensus estimate of $0.36 by $0.09, representing a 25% surprise. Net sales for the quarter were $78.2 million, a 3.0% increase year-over-year, exceeding analysts' expectations of $75.55 million. Furthermore, the gross margin improved by 420 basis points to 25.0%, reflecting favorable model mix, pricing, and effective cost controls.

2. The company completed a strategic acquisition of Marine Products Corporation, diversifying its brand portfolio. MasterCraft Boat Holdings, Inc. finalized its acquisition of Marine Products Corporation on May 15, 2026. This acquisition is expected to create a more diversified portfolio of recreational marine brands, aiming for enhanced scale, diversification, and earnings power.

Show more
Updated on 8/4/2026

MasterCraft Boat (MCFT) stock has gained about 5% since 4/30/2026 because of the following key factors:

1. MasterCraft Boat Holdings, Inc. reported strong fiscal Q3 2026 results that surpassed analyst expectations. The company announced its fiscal Q3 2026 earnings on May 7, 2026, for the quarter ended March 29, 2026, reporting adjusted earnings per share (EPS) of $0.45, which beat the consensus estimate of $0.36 by $0.09, representing a 25% surprise. Net sales for the quarter were $78.2 million, a 3.0% increase year-over-year, exceeding analysts' expectations of $75.55 million. Furthermore, the gross margin improved by 420 basis points to 25.0%, reflecting favorable model mix, pricing, and effective cost controls.

2. The company completed a strategic acquisition of Marine Products Corporation, diversifying its brand portfolio. MasterCraft Boat Holdings, Inc. finalized its acquisition of Marine Products Corporation on May 15, 2026. This acquisition is expected to create a more diversified portfolio of recreational marine brands, aiming for enhanced scale, diversification, and earnings power.

3. Analysts raised price targets and maintained positive ratings, signaling increased confidence in the stock. Several financial analysts adjusted their outlooks on MCFT, raising price targets during the specified period. For instance, Truist Securities increased its price target from $25 to $28 on July 6, 2026, and previously from $21 to $25 on April 27, 2026. Raymond James maintained an "Outperform" rating, raising its price target from $27 to $28 on May 8, 2026. The average analyst price target for MasterCraft Boat Holdings, Inc. stands at approximately $27.60 to $27.75, with an average recommendation of "Hold" or "Neutral" and some "Buy" ratings, suggesting a positive outlook for the stock.

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Stock Movement Drivers

Fundamental Drivers

The 3.1% change in MCFT stock from 4/30/2026 to 8/10/2026 was primarily driven by a 44.8% change in the company's P/E Multiple.
(LTM values as of)43020268102026Change
Stock Price ($)23.3524.083.1%
Change Contribution By: 
Total Revenues ($ Mil)2962980.8%
Net Income Margin (%)5.3%3.7%-29.3%
P/E Multiple24.134.944.8%
Shares Outstanding (Mil)16160.0%
Cumulative Contribution3.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/10/2026
ReturnCorrelation
MCFT3.1% 
Market (SPY)7.6%38.2%
Sector (XLY)1.1%38.6%

Fundamental Drivers

The 11.8% change in MCFT stock from 1/31/2026 to 8/10/2026 was primarily driven by a 58.8% change in the company's P/E Multiple.
(LTM values as of)13120268102026Change
Stock Price ($)21.5324.0811.8%
Change Contribution By: 
Total Revenues ($ Mil)2882983.7%
Net Income Margin (%)5.5%3.7%-32.2%
P/E Multiple22.034.958.8%
Shares Outstanding (Mil)16160.3%
Cumulative Contribution11.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/10/2026
ReturnCorrelation
MCFT11.8% 
Market (SPY)12.0%35.0%
Sector (XLY)-1.0%35.0%

Fundamental Drivers

The 24.5% change in MCFT stock from 7/31/2025 to 8/10/2026 was primarily driven by a 15.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258102026Change
Stock Price ($)19.3424.0824.5%
Change Contribution By: 
Total Revenues ($ Mil)25929815.2%
P/S Multiple1.21.36.2%
Shares Outstanding (Mil)16161.7%
Cumulative Contribution24.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/10/2026
ReturnCorrelation
MCFT24.5% 
Market (SPY)23.3%36.1%
Sector (XLY)8.7%39.1%

Fundamental Drivers

The -21.4% change in MCFT stock from 7/31/2023 to 8/10/2026 was primarily driven by a -56.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238102026Change
Stock Price ($)30.6524.08-21.4%
Change Contribution By: 
Total Revenues ($ Mil)693298-56.9%
Net Income Margin (%)8.3%3.7%-55.3%
P/E Multiple9.334.9275.0%
Shares Outstanding (Mil)18168.8%
Cumulative Contribution-21.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/10/2026
ReturnCorrelation
MCFT-21.4% 
Market (SPY)74.8%40.6%
Sector (XLY)40.9%42.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MCFT Return14%-9%-12%-16%-1%29%-2%
Peers Return22%-21%19%-33%-1%3%-22%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
MCFT Win Rate75%50%42%42%42%62% 
Peers Win Rate54%35%48%42%54%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MCFT Max Drawdown-27%-36%-44%-32%-31%-23% 
Peers Max Drawdown-28%-35%-30%-39%-41%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MBUU, BC, PII, WGO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/10/2026 (YTD)

How Low Can It Go

EventMCFTS&P 500
2025 US Tariff Shock
  % Loss-20.0%-18.8%
  % Gain to Breakeven25.0%23.1%
  Time to Breakeven63 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.8%-24.5%
  % Gain to Breakeven51.2%32.4%
  Time to Breakeven106 days427 days
2020 COVID-19 Crash
  % Loss-73.1%-33.7%
  % Gain to Breakeven271.6%50.9%
  Time to Breakeven80 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-47.9%-19.2%
  % Gain to Breakeven91.9%23.8%
  Time to Breakeven1519 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-28.3%-12.2%
  % Gain to Breakeven39.4%13.9%
  Time to Breakeven110 days62 days
2014-2016 Oil Price Collapse
  % Loss-28.3%-6.8%
  % Gain to Breakeven39.4%7.3%
  Time to Breakeven125 days15 days

Compare to MBUU, BC, PII, WGO

In The Past

MasterCraft Boat's stock fell -20.0% during the 2025 US Tariff Shock. Such a loss loss requires a 25.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMCFTS&P 500
2025 US Tariff Shock
  % Loss-20.0%-18.8%
  % Gain to Breakeven25.0%23.1%
  Time to Breakeven63 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.8%-24.5%
  % Gain to Breakeven51.2%32.4%
  Time to Breakeven106 days427 days
2020 COVID-19 Crash
  % Loss-73.1%-33.7%
  % Gain to Breakeven271.6%50.9%
  Time to Breakeven80 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-47.9%-19.2%
  % Gain to Breakeven91.9%23.8%
  Time to Breakeven1519 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-28.3%-12.2%
  % Gain to Breakeven39.4%13.9%
  Time to Breakeven110 days62 days
2014-2016 Oil Price Collapse
  % Loss-28.3%-6.8%
  % Gain to Breakeven39.4%7.3%
  Time to Breakeven125 days15 days

Compare to MBUU, BC, PII, WGO

In The Past

MasterCraft Boat's stock fell -20.0% during the 2025 US Tariff Shock. Such a loss loss requires a 25.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MasterCraft Boat (MCFT)

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MasterCraft Boat Holdings, Inc. (MCFT) is a leading designer, manufacturer, and marketer of recreational powerboats. Based in Tennessee, the company caters to a wide spectrum of boating enthusiasts through its three primary operating segments: MasterCraft, NauticStar, and Crest, each specializing in distinct types of marine vessels.

The MasterCraft segment is renowned for producing high-performance sport boats and luxury day boats under the MasterCraft and Aviara brands. These boats are popular for activities such as water skiing, wakeboarding, wake surfing, and general recreational use. The NauticStar segment focuses on boats primarily designed for saltwater fishing and general recreational boating, while the Crest segment manufactures pontoon boats, ideal for leisurely general recreational boating. In addition to boats, MCFT also offers various accessories, including trailers and aftermarket parts.

MasterCraft Boat Holdings serves the recreational boating market, reaching customers who enjoy a diverse range of water-based activities. The company distributes its boats, sold under the MasterCraft, NauticStar, Crest, and Aviara brands, through an established network of independent dealers. Its primary markets are located across North America, with additional sales channels extending internationally.

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  • It's like General Motors for recreational boats.
  • It's like Ford Motor Company for recreational powerboats.

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  • Recreational Performance Sport Boats: These boats, primarily under the MasterCraft brand, are designed for water skiing, wakeboarding, wake surfing, and general recreational boating.
  • Luxury Day Boats: Marketed under the Aviara brand, these are premium boats primarily used for general recreational boating.
  • Saltwater Fishing Boats: Under the NauticStar brand, these boats are primarily used for saltwater fishing and general recreational boating.
  • Pontoon Boats: Produced under the Crest brand, these boats are designed for general recreational boating.
  • Boating Accessories: This category includes various items such as trailers and aftermarket parts for their boats.

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MasterCraft Boat Holdings, Inc. (MCFT) sells its products primarily to other companies. Its direct customers are a network of independent dealers located in North America and internationally.

MasterCraft does not publicly disclose specific major customer companies by name or stock symbol. This is typical for companies that operate through a broad, distributed network of independent dealerships, where sales are spread across numerous smaller, often privately held businesses rather than concentrated with a few large, publicly traded entities.

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Major Suppliers:

  • Brunswick Corporation (Symbol: BC)
  • Ilmor Marine, LLC

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Brad Nelson, Chief Executive Officer and Director

Brad Nelson became Chief Executive Officer and a Director of MasterCraft Boat Holdings, Inc. on March 18, 2024. He brings over 30 years of operating and manufacturing experience to the role. Prior to joining MasterCraft, Mr. Nelson served as Executive Vice President and President, Commercial Segment of Oshkosh Corporation, where he was responsible for leading a strategic transformation that resulted in record highs in revenue, profitability, and backlog. His tenure at Oshkosh Corporation also included roles such as Senior Vice President and President, Commercial Business Segment, and Vice President, Global Marketing, JLG Industries.

Scott Kent, Chief Financial Officer

Scott Kent assumed the role of Chief Financial Officer for MasterCraft Boat Holdings, Inc. on July 1, 2025, succeeding the retiring Tim Oxley. Mr. Kent possesses 33 years of professional experience, with 28 of those years specifically within the marine industry. He previously served as MasterCraft's Vice President of Finance since 2018, overseeing finance functions including accounting, financial planning and analysis (FP&A), financial reporting, and treasury, while also contributing to operational and strategic advancements. Before his time at MasterCraft, Mr. Kent held CFO positions at Brunswick Boat Group and Recreational Boat Group, and various other roles of increasing responsibility at Brunswick, Sea Ray Boats, and Price Waterhouse. He holds a Bachelor of Science in Accounting from Milligan College and was formerly a Certified Public Accountant.

Mike O'Connell, Senior Vice President of Operational Excellence and President, Pontoon Segment

Mike O'Connell serves as the Senior Vice President of Operational Excellence and President of the Pontoon Segment for MasterCraft Boat Holdings, Inc. He took on the additional responsibility of President of the Pontoon Segment, succeeding George Steinbarger, effective February 24, 2025. Mr. O'Connell is a seasoned veteran of the marine industry with nearly 40 years of experience, having led various boat companies for decades. He joined MasterCraft in 2023 as President of Aviara Boats. His background includes serving as President of Godfrey pontoons and Hurricane deck boats, as well as managing various boat operations for Brunswick, Genmar, and Yamaha.

Charlene Hampton, Vice President of Human Resources

Charlene Hampton holds the position of Vice President of Human Resources at MasterCraft Boat Holdings, Inc.

Jim Brown, Vice President of Operations

Jim Brown is the Vice President of Operations for MasterCraft Boat Holdings, Inc.

AI Analysis | Feedback

The key risks to MasterCraft Boat Holdings, Inc. (MCFT) are primarily driven by external economic factors affecting discretionary consumer spending, challenges in their supply chain, and the health and management of their dealer network.
  1. Sensitivity to Macroeconomic Conditions and Consumer Discretionary Spending

    The recreational boating industry is highly cyclical and significantly influenced by overall economic health, consumer confidence, and access to credit. Elevated interest rates directly increase the cost of financing for consumers purchasing boats and for dealers managing their inventory. These factors can lead to a decrease in demand for MasterCraft's products, resulting in lower sales and reduced profitability.

  2. Supply Chain Disruptions and Cost Volatility

    MasterCraft faces risks related to its supply chain, including potential disruptions, shortages, and increased costs of raw materials, parts, or components. The company has experienced periodic supply issues and rising material costs, which can negatively impact its manufacturing operations and financial performance. Additionally, changes in trade policies, such as new tariffs, can further increase manufacturing expenses.

  3. Dealer Network Health and Inventory Management

    The success of MasterCraft relies heavily on the strength and liquidity of its independent dealer network. The deterioration of competitors' dealers, including bankruptcies, can lead to discounted boat inventories entering the market, creating increased competition for MasterCraft's dealers. Maintaining adequate liquidity for dealers to finance their operations and purchase products is crucial. Furthermore, managing manufacturing levels and fixed costs in relation to dealer inventory levels is a continuous challenge that can affect the company's financial results.

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MasterCraft Boat Holdings, Inc. (MCFT) operates in several segments of the recreational powerboat market. The addressable market sizes for its main product categories, including performance sport boats, luxury day boats, saltwater fishing boats, and pontoon boats, are as follows:

Performance Sport Boats (MasterCraft Brand)

  • The global wakeboard boat market was valued at approximately USD 2.8 billion in 2023 and is projected to reach USD 4.8 billion by 2032.
  • Another estimate places the global wakeboard boat market at approximately USD 2.68 billion in 2026, on track to reach USD 4.27 billion by 2035.
  • The global ski wake boat market is projected to reach USD 1.74 billion by 2034.
  • In North America, which is the largest market for ski/wake boats, the region accounted for approximately 60% of the global market share. North America also holds 50-55% of the global wakeboard boat market share.
  • The U.S. wakeboard market size was valued at USD 486.74 million in 2024 and is expected to expand to USD 961.04 million by 2033.

Luxury Day Boats (Aviara Brand)

  • The global luxury boat market size was valued at USD 18.29 billion in 2024 and is poised to grow to USD 30.12 billion by 2033. Another report indicates the global luxury boat market size was estimated at USD 17.73 billion in 2024 and is projected to reach USD 30.46 billion by 2035.
  • North America is the largest market for luxury boats, holding approximately 45% of the global market share.
  • The U.S. luxury yacht market size was valued at USD 4.11 billion in 2023 and is expected to reach USD 9.04 billion by 2033. In 2024, the U.S. luxury yacht market size is projected to reach a valuation of USD 4,507.5 million, anticipated to reach USD 9,315.3 million by 2033.

Saltwater Fishing Boats (NauticStar Brand)

  • The global fishing boats market size is expected to be valued at US$2.1 billion in 2026 and is projected to reach US$3.7 billion by 2033.
  • The global fishing vessel market size was valued at USD 1.86 billion in 2025 and is estimated to reach USD 3.49 billion by 2034.
  • In the U.S., there are approximately 86,000 offshore fishing boats (27 feet and larger fiberglass boats) registered. The United States is projected to generate revenue of US$220.78 million in 2025 for the fishing vessel market.

Pontoon Boats (Crest Brand)

  • The global pontoon boat market was valued at US$2.31 billion in 2022 and is projected to reach US$3.93 billion by 2028. Other estimates state the global pontoon market size was valued at USD 8.5 billion in 2024 and is projected to grow to USD 17.7 billion by 2034. Another report valued the pontoon market at USD 8.68 billion in 2023, expected to reach USD 17.27 billion by 2032.
  • North America dominates the pontoon market, accounting for approximately 60% of global sales. The North America pontoon market accounted for 61% of the revenue share in 2024 and is expected to exceed USD 11 billion by 2034. It also held the largest market share of 35% of the global pontoon boat market in 2023.

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MasterCraft Boat Holdings, Inc. (MCFT) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

  1. Strategic Merger with Marine Products Corporation: The planned merger with Marine Products Corporation is a significant driver, anticipated to diversify MasterCraft's brand portfolio, expand its dealer network, and increase market reach across various recreational marine categories. This combination is projected to generate pro forma sales of $560 million by the end of fiscal year 2026 and is expected to be accretive to adjusted EPS in fiscal year 2027. Furthermore, the merger is expected to create revenue synergies through combined innovation platforms and complementary dealer networks.
  2. New Product Innovation and Launches: MasterCraft consistently emphasizes focused innovation and product line development as growth initiatives. Recent successful launches, such as the premium X24 and X22 models under the MasterCraft brand, contribute to sales momentum. Additionally, the Crest segment is expected to announce an all-new line of products to expand its addressable market, indicating a strategy to capture new customer segments.
  3. Pricing Power and Favorable Product Mix: The company has demonstrated the ability to implement price increases, which has partially offset other cost pressures. A favorable model mix, driven by sales of higher-margin products and options, has also contributed to increased net sales and improved gross margins.
  4. Improved Dealer Inventory Management: Following periods of elevated dealer inventories, MasterCraft has focused on production discipline and effective dealer support programs, leading to substantially improved dealer inventory levels. A healthier inventory environment can lead to more efficient sales, reduced discounting, and stronger demand pull-through.

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Capital Allocation Decisions for MasterCraft Boat Holdings, Inc. (MCFT)

Share Repurchases

  • In June 2021, MasterCraft's Board of Directors authorized a share repurchase program of up to $50 million, valid for a three-year period ending June 24, 2024.
  • A new $50 million share repurchase program was authorized in July 2023, succeeding the previous one upon its expiration.
  • The company repurchased $16.3 million of its shares during fiscal year 2025.

Share Issuance

  • There was a decrease in the number of shares outstanding by 1.44% in the most recent 12-month period for which data was compiled.
  • As of August 22, 2025, there were 16,306,356 shares of common stock issued and outstanding.
  • In July 2025, the Chief Financial Officer received 6,507 Restricted Stock Units (RSUs), representing a minimal potential dilution of less than 0.04%.

Outbound Investments

  • MasterCraft completed the sale of its NauticStar business in September 2022.
  • In October 2024, the company completed the sale of its Aviara brand and related assets, followed by the sale of its Aviara manufacturing facility in December 2024.
  • In February 2026, MasterCraft agreed to acquire Marine Products Corporation, involving an exchange of 0.232 MasterCraft shares plus $2.43 cash per Marine Products share.

Capital Expenditures

  • Capital expenditures for fiscal year 2025 totaled $10.5 million, primarily focused on facility enhancements, information technology, and tooling.
  • In fiscal year 2024, the company incurred $12 million in capital expenditures.
  • MasterCraft anticipates approximately $9 million in capital expenditures for fiscal year 2026.

Better Bets vs. MasterCraft Boat (MCFT)

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MCFTMBUUBCPIIWGOMedian
NameMasterCr.Malibu B.BrunswickPolaris Winnebag. 
Mkt Price24.0828.9580.4369.7732.0532.05
Mkt Cap0.40.65.34.00.90.9
Rev LTM2988265,6307,4452,9122,912
Op Inc LTM1113351707676
FCF LTM26403416712667
FCF 3Y Avg2033392237141141
CFO LTM3462523248157157
CFO 3Y Avg3076575499184184

Growth & Margins

MCFTMBUUBCPIIWGOMedian
NameMasterCr.Malibu B.BrunswickPolaris Winnebag. 
Rev Chg LTM15.2%8.8%10.5%8.4%5.8%8.8%
Rev Chg 3Y Avg-20.6%-14.1%-5.1%-6.0%-12.0%-12.0%
Rev Chg Q3.0%3.1%7.7%9.2%6.0%6.0%
QoQ Delta Rev Chg LTM0.8%0.9%2.0%2.3%1.3%1.3%
Op Inc Chg LTM136.2%182.2%7.5%25.1%20.7%25.1%
Op Inc Chg 3Y Avg-3.2%-1.7%-24.6%-30.0%-34.6%-24.6%
Op Mgn LTM3.7%0.1%6.0%2.3%2.6%2.6%
Op Mgn 3Y Avg7.2%1.1%7.6%3.5%3.9%3.9%
QoQ Delta Op Mgn LTM-1.9%-2.4%0.3%1.4%0.1%0.1%
CFO/Rev LTM11.4%7.5%9.3%3.3%5.4%7.5%
CFO/Rev 3Y Avg9.0%8.5%10.5%6.7%6.2%8.5%
FCF/Rev LTM8.6%4.8%6.1%0.9%4.3%4.8%
FCF/Rev 3Y Avg5.7%3.7%7.2%3.2%4.7%4.7%

Valuation

MCFTMBUUBCPIIWGOMedian
NameMasterCr.Malibu B.BrunswickPolaris Winnebag. 
Mkt Cap0.40.65.34.00.90.9
P/S1.30.70.90.50.30.7
P/Op Inc34.9942.315.723.711.923.7
P/EBIT27.5355.2-1,195.5-24.312.012.0
P/E34.9-609.1-61.2-15.421.7-15.4
P/CFO11.48.910.116.25.810.1
Total Yield2.9%-0.2%0.5%-2.7%8.9%0.5%
Dividend Yield0.0%0.0%2.2%3.8%4.3%2.2%
FCF Yield 3Y Avg5.6%5.5%8.9%8.3%12.5%8.3%
D/E0.00.30.40.50.50.4
Net D/E-0.20.20.40.40.50.4

Returns

MCFTMBUUBCPIIWGOMedian
NameMasterCr.Malibu B.BrunswickPolaris Winnebag. 
1M Rtn-0.3%8.3%3.2%3.5%9.1%3.5%
3M Rtn-8.3%-2.4%1.7%6.3%6.4%1.7%
6M Rtn-2.4%-7.9%-6.7%3.3%-31.6%-6.7%
12M Rtn24.6%-9.2%44.9%41.6%9.8%24.6%
3Y Rtn-10.4%-48.6%0.8%-36.7%-46.8%-36.7%
1M Excs Rtn-2.6%5.9%0.9%1.2%6.8%1.2%
3M Excs Rtn-16.8%-8.6%-5.8%-1.6%-2.6%-5.8%
6M Excs Rtn-16.2%-19.2%-19.3%-9.1%-44.6%-19.2%
12M Excs Rtn1.3%-32.5%21.7%17.6%-14.0%1.3%
3Y Excs Rtn-86.8%-120.3%-69.3%-112.7%-119.8%-112.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
MasterCraft241263469466363
Pontoon4360141141103
Aviara 445235 
NauticStar   6660
Total284367662708526


Operating Income by Segment
$ Mil20252024202320222021
MasterCraft303010110565
Adjustment items-4    
Pontoon-5-2202014
Depreciation and amortization-10    
Aviara -20-5-9 
NauticStar   -38-3
Total1181177876


Assets by Segment
$ Mil20252024202320222021
MasterCraft214233259178159
Pontoon4652535442
Assets associated with discontinued operations033   
Aviara  413531
Discontinued operations   30 
NauticStar    44
Total260318354297276


Price Behavior

Price Behavior
Market Price$24.08 
Market Cap ($ Bil)0.4 
First Trading Date07/17/2015 
Distance from 52W High-12.1% 
   50 Days200 Days
DMA Price$23.88$21.96
DMA Trendupup
Distance from DMA0.8%9.7%
 3M1YR
Volatility39.1%40.3%
Downside Capture206.92104.35
Upside Capture129.67105.50
Correlation (SPY)37.7%35.8%
MCFT Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.070.721.180.961.101.17
Up Beta-0.87-0.440.580.951.381.45
Down Beta-0.240.650.410.701.050.87
Up Capture149%126%166%113%106%89%
Bmk +ve Days11223567138427
Stock +ve Days11223363122357
Down Capture253%97%163%99%100%106%
Bmk -ve Days11212859114326
Stock -ve Days11213063128387

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MCFT
MCFT23.7%40.2%0.62-
Sector ETF (XLY)7.8%19.4%0.2638.8%
Equity (SPY)23.4%12.8%1.3735.7%
Gold (GLD)28.7%28.4%0.882.3%
Commodities (DBC)37.2%20.1%1.46-26.8%
Real Estate (VNQ)12.4%13.8%0.6036.6%
Bitcoin (BTCUSD)-44.9%43.0%-1.2710.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MCFT
MCFT-1.8%42.5%0.08-
Sector ETF (XLY)6.6%24.0%0.2347.1%
Equity (SPY)13.5%17.2%0.6145.3%
Gold (GLD)18.9%18.6%0.831.6%
Commodities (DBC)9.2%19.6%0.360.5%
Real Estate (VNQ)2.1%18.9%0.0139.1%
Bitcoin (BTCUSD)10.6%52.9%0.3920.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MCFT
MCFT7.9%49.6%0.35-
Sector ETF (XLY)12.5%22.2%0.5247.6%
Equity (SPY)15.4%17.9%0.7347.1%
Gold (GLD)12.1%16.2%0.61-0.7%
Commodities (DBC)7.7%18.1%0.3411.4%
Real Estate (VNQ)4.6%20.7%0.1843.1%
Bitcoin (BTCUSD)58.3%66.2%0.9813.3%

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Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity1.0 Mil
Short Interest: % Change Since 63020264.1%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest7.5 days
Basic Shares Quantity16.1 Mil
Short % of Basic Shares6.2%

Earnings Returns History

Updated 6/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20265.9%3.1%-9.0%
2/5/20266.4%5.6%-14.7%
11/6/2025-5.7%-11.5%-14.1%
8/27/20259.6%6.6%3.4%
5/7/202511.8%11.2%10.6%
2/6/202516.1%3.9%-0.9%
11/6/202425.0%20.4%16.2%
8/29/2024-6.0%-11.3%-8.8%
...
SUMMARY STATS   
# Positive11139
# Negative121014
Median Positive6.4%7.6%6.5%
Median Negative-5.9%-7.0%-8.9%
Max Positive25.0%20.4%16.2%
Max Negative-19.3%-22.4%-16.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20265.9%3.1%-9.0%
2/5/20266.4%5.6%-14.7%
11/6/2025-5.7%-11.5%-14.1%
8/27/20259.6%6.6%3.4%
5/7/202511.8%11.2%10.6%
2/6/202516.1%3.9%-0.9%
11/6/202425.0%20.4%16.2%
8/29/2024-6.0%-11.3%-8.8%
2/7/20242.3%8.1%4.9%
11/8/2023-6.6%-2.3%-1.9%
8/30/2023-12.8%-16.6%-10.9%
5/10/2023-4.0%-3.4%3.2%
2/8/20239.4%7.6%7.9%
11/9/2022-1.2%10.2%14.3%
9/8/2022-12.7%-9.8%-16.1%
5/11/2022-6.5%0.0%-0.5%
2/3/20220.6%12.0%1.6%
11/10/20211.6%3.9%-4.1%
9/2/2021-1.6%-4.1%-1.7%
5/12/20210.4%12.2%-10.0%
2/10/2021-1.0%-4.2%6.5%
11/12/2020-4.3%-3.9%-3.8%
9/9/2020-19.3%-22.4%-11.9%
SUMMARY STATS   
# Positive11139
# Negative121014
Median Positive6.4%7.6%6.5%
Median Negative-5.9%-7.0%-8.9%
Max Positive25.0%20.4%16.2%
Max Negative-19.3%-22.4%-16.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/05/202610-Q
09/30/202511/06/202510-Q
06/30/202508/27/202510-K
03/31/202505/07/202510-Q
12/31/202402/06/202510-Q
09/30/202411/07/202410-Q
06/30/202408/30/202410-K
03/31/202405/08/202410-Q
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202308/30/202310-K
03/31/202305/10/202310-Q
12/31/202202/08/202310-Q
09/30/202211/09/202210-Q
06/30/202209/09/202210-K
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/05/202610-Q
09/30/202511/06/202510-Q
06/30/202508/27/202510-K
03/31/202505/07/202510-Q
12/31/202402/06/202510-Q
09/30/202411/07/202410-Q
06/30/202408/30/202410-K
03/31/202405/08/202410-Q
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202308/30/202310-K
03/31/202305/10/202310-Q
12/31/202202/08/202310-Q
09/30/202211/09/202210-Q
06/30/202209/09/202210-K
03/31/202205/11/202210-Q
12/31/202102/03/202210-Q
09/30/202111/10/202110-Q
06/30/202109/02/202110-K
03/31/202105/12/202110-Q
12/31/202002/10/202110-Q
09/30/202011/12/202010-Q
06/30/202009/11/202010-K
03/31/202005/08/202010-Q
12/31/201902/05/202010-Q
09/30/201911/07/201910-Q
06/30/201909/13/201910-K

Recent Forward Guidance

Updated 7/27/2026

Latest: Q3 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue 312.00 Mil 2.3% RaisedGuidance: 305.00 Mil for 2026
2026 Adjusted EBITDA 40.00 Mil 6.7% RaisedGuidance: 37.50 Mil for 2026
2026 Adjusted EPS 1.65 8.2% RaisedGuidance: 1.52 for 2026
2026 Capital Expenditures 8.00 Mil -11.1% LoweredGuidance: 9.00 Mil for 2026

Prior: Q2 2026 Earnings Reported 2/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Revenue 75.00 Mil    
Q3 2026 Adjusted EBITDA 9.00 Mil    
Q3 2026 Adjusted EPS 0.35    
2026 Revenue300.00 Mil305.00 Mil310.00 Mil0.8% RaisedGuidance: 302.50 Mil for 2026
2026 Adjusted EBITDA36.00 Mil37.50 Mil39.00 Mil15.4% RaisedGuidance: 32.50 Mil for 2026
2026 Adjusted EPS1.451.521.616.9% RaisedGuidance: 1.3 for 2026
2026 Capital Expenditures 9.00 Mil 0 AffirmedGuidance: 9.00 Mil for 2026

Q1 2026 Earnings Reported 11/6/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue 69.00 Mil 3.0% Higher NewGuidance: 67.00 Mil for Q1 2026
Q2 2026 Adjusted EBITDA 5.00 Mil 25.0% Higher NewGuidance: 4.00 Mil for Q1 2026
Q2 2026 Adjusted EPS 0.16 0 Same NewGuidance: 0.16 for Q1 2026
2026 Revenue295.00 Mil302.50 Mil310.00 Mil0 AffirmedGuidance: 302.50 Mil for 2026
2026 Adjusted EBITDA30.00 Mil32.50 Mil35.00 Mil3.2% RaisedGuidance: 31.50 Mil for 2026
2026 Adjusted EPS1.181.31.432.4% RaisedGuidance: 1.27 for 2026
2026 Capital Expenditures 9.00 Mil 0 AffirmedGuidance: 9.00 Mil for 2026

Insider Activity

Updated 7/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Forager, Fund, LPDirectSell224202623.5026,497622,68037,865,010Form
2Forager, Fund, LP DirectSell219202623.4330,131705,96938,373,045Form
3Forager, Fund, LP DirectSell219202623.7219,050451,86639,562,707Form
4Forager, Fund, LP DirectSell219202623.7412,163288,75040,048,312Form
5Coliseum, Capital Management, Llc See FootnotesBuy1222202519.6625,000491,50072,691,317Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Forager, Fund, LPDirectSell224202623.5026,497622,68037,865,010Form
2Forager, Fund, LP DirectSell219202623.4330,131705,96938,373,045Form
3Forager, Fund, LP DirectSell219202623.7219,050451,86639,562,707Form
4Forager, Fund, LP DirectSell219202623.7412,163288,75040,048,312Form
5Coliseum, Capital Management, Llc See FootnotesBuy1222202519.6625,000491,50072,691,317Form
6Coliseum, Capital Management, Llc See FootnotesBuy1222202519.7976,0001,504,04072,677,231Form
7Coliseum, Capital Management, Llc See FootnotesBuy1222202519.3433,807653,82769,554,801Form
8Forager, Fund, LPDirectSell1110202520.3381016,46734,543,069Form
9Forager, Fund, LPDirectSell1110202520.3758,0661,182,80434,627,533Form
10Forager, Fund, LPDirectSell1110202520.5044,981922,11036,038,877Form

Investor Activity (13F)

Updated Aug 11, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Coliseum Capital Management, LLC$75.8 Mil6.2%13Hold13F
Divisar Capital Management LLC$14.2 Mil3.6%26Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Coliseum Capital Management, LLC$75.8 Mil6.2%13Hold13F
Divisar Capital Management LLC$14.2 Mil3.6%26Hold13F
Core Cache Last Updated: 8/10/2026