Forensic Analysis · Aerospace & Defense · as of Nov 8, 2026

Malibu Boats, Inc. (MBUU)

A forensic read on Malibu Boats, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

3.4

Distress distance

Clean

Earnings quality

Forensic signals

0.3%

ROE

13.3%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Malibu Boats, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.4, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

0.3%

FY2026

Return on invested capital. Return on invested capital is 0.3% in the latest fiscal year, against -7.7% in FY2024, having run between -7.7% and 2.9% across FY2024–FY2026 with no direction held. After-tax operating profit was ($44M) in FY2024 and $2M in FY2026, with operating income at -6.7% of revenue in FY2024, 2.7% in FY2025 and 0.3% in FY2026. The capital base behind it grew +11% across FY2024–FY2026, from $574M to $635M, and the return did not fall doing it, so the dollars added over that window earned at least the -7.7% the older base was already earning. FY2024's operating profit carried a $49M goodwill write-off that alone took about 6.8 points off that year's return, so about 6.8 of the 8.0-point rise across FY2024–FY2026 is that charge leaving the base year rather than the capital earning more. A non-cash write-down lowers the reported return in the year it lands.

$49M

FY2024

Goodwill impairments. Took $49M of goodwill writedowns across 1 year (FY2024 ($49M)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$914.6M

Revenue Growth YoY+13.3%

Revenue CAGR (2yr)+5.0%

Net Margin0.2%

Free Cash Flow$42.8M

Return on Equity0.3%

Debt / Equity0.31x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.