Malibu Boats Expectations for 2026 | Price, Valuation & Forecast

Malibu Boats

NasdaqGM:MBUU

$ 24,48

$-0,87 (-3,43%)

24,48 $

$-0,87 (-3,43%)

End-of-day quote: 04/02/2026

Malibu Boats Stock Value

The analyst rating for NasdaqGM:MBUU is currently Outperform.

Outperform

Malibu Boats Company Info

EPS Growth 5Y

-13,64%

Market Cap

$0,49 B

Long-Term Debt

$0,02 B

Short Interest

7,95%

Quarterly earnings

N/A

Dividend

$0,00

Dividend Yield

0,00%

Founded

1982

Industry

Consumer Discretionary

Country

United States

ISIN Number

US56117J1007

Website

http://www.malibuboats.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$36,00

47.06%

Last Update: 04/03/2026

Analysts: 9

Highest Price Target $42,00

Average Price Target $36,00

Lowest Price Target $30,00

In the last five quarters, Malibu Boats’s Price Target has fallen from $67,02 to $56,88 - a -15,13% decrease. One analysts predict that Malibu Boats’s share price will increase in the coming year, reaching $36,00. This would represent an increase of 47,06%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Malibu Boats do?

Malibu Boats, Inc. operates as a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport boats, sterndrive and outboard boats under eight brands-Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt. As of June 30, 2024, the company had the #1 market share position in the United States in the performance sport boat category through its Malibu and Axis brands and the #1 market share position in the United States in the...

As of June 30, 2024, the company had the #1 market share position in the United States in the performance sport boat category through its Malibu and Axis brands and the #1 market share position in the United States in the 24'-29' segment of the sterndrive category through its Cobalt brand, and the company is among the leading market share positions in the fiberglass outboard fishing boat market with its Pursuit and Maverick Boat Group brands. The company's product portfolio of premium brands are used for a broad range of recreational boating activities including, among others, water sports, such as waterskiing, wakeboarding and wake surfing, as well as general recreational boating and fishing. The company designs products that appeal to an expanding range of recreational boaters and water sports enthusiasts whose passion for boating and water sports is a key aspect of their lifestyle and provide consumers with a better customer-inspired experience.

The company's flagship Malibu boats are designed for consumers seeking a premium performance sport boat experience and offers its latest innovations in performance, comfort and convenience. The company's Axis boats appeal to consumers who desire a more affordable performance sport boat product but still demand high performance, functional simplicity and the option to upgrade key features. The company's Pursuit boats expand its product offerings into the saltwater outboard fishing market and include center console, dual console and offshore models. The company's Maverick Boat Group family of boats, including Maverick, Cobia, Pathfinder and Hewes, are highly complementary to Pursuit and its saltwater outboard offerings with a focus in length segments under 30 feet. The company's Cobalt boats consist of mid to large-sized luxury cruisers and bowriders that offer the ultimate experience in comfort, performance and quality.

The company's boats are constructed of fiberglass, available in a range of sizes, hull designs and propulsion systems (i.e., inboard, sterndrive and outboard). The company employs experienced product development and engineering teams that enable it to offer a range of models across each of its brands while consistently introducing innovative features in its product offerings. The company's engineering teams closely collaborate with its manufacturing personnel in order to improve product quality and process efficiencies. The results of this collaboration are reflected in the company's receipt of numerous industry awards.

The company sells its boats through a dealer network that is among the strongest in the recreational powerboat industry. As of June 30, 2024, the company's distribution channel consisted of over 400 dealer locations globally. The company's dealer base is an important part of its consumers' experience, its marketing efforts and its brands.

Products and Brands

The company designs, manufactures and sells recreational powerboats, including performance sport boats, sterndrive and outboard boats across eight brands: Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt. The company delivers superior performance for general recreational purposes with a significant focus on water sports, including wakeboarding, water skiing and wake surfing, as well as general recreational boating and fishing. In addition, the company offers various accessories and aftermarket parts.

Malibu segment

Malibu: Malibu targets consumers seeking a premium boating experience with the company's latest innovations in performance, comfort and convenience. Across the company's three product lines, it offers a variety of products to customers from its Response Series tailored for high-performance water ski to highly customizable options in its Wakesetter series to its ultra premium models in the M Series.

Axis: Axis was formed to target a younger demographic by providing a more affordably priced, high quality, entry-level boat with high performance, functional simplicity and the option to upgrade key features such as Surf Gate.

Saltwater Fishing segment

Pursuit: Pursuit is a premium brand of saltwater outboard fishing boats available in three product lines including the company's sports center consoles, dual consoles and its offshore series to provide customers with options for ideal fishing, as well as casual cruising and luxury entertainment.

Cobia: Cobia models consist of center console and dual console vessels that are designed to promote ease of boating and fishing for all levels of anglers and boaters.

Pathfinder: Pathfinder provides the most versatile inshore fishing boat. The product of bay boats provides for dedicated anglers to fish and do so with comfort, safety and proven technology.

Maverick and Hewes: Maverick and Hewes have been designed to tailor to shallow inshore flats anglers. These boats, with vacuum infused (VARIS) construction and enhanced performance, provide a legacy of dependability, unmatched ride, and exceptional craftsmanship.

Cobalt segment

Cobalt: Cobalt is a premium luxury sterndrive and outboard boat manufacturer available in five product lines. The company's products tailor sterndrive from entry level to premium with options to expand some models with the patented Surf Gate, as well as its outboard series for increased saltwater use.

Innovative Features

In addition to the standard features included on all of its boats, the company offers consumers a full selection of innovative optional features designed to enhance performance, functionality and the overall boating experience. Among the company's most successful and most innovative has been Surf Gate. Introduced in July 2012 and initially patented in September 2013, Surf Gate is available as an optional feature on all Malibu, Axis and certain Cobalt models. Surf Gate has revolutionized the increasingly popular sport of wake surfing. Prior to Surf Gate, boaters needed to empty ballast tanks on one side of the boat and shift passengers around to lean the boat to create a larger, more pronounced surf-quality wake. By employing precisely engineered and electronically controlled panels, Surf Gate alleviates this time-consuming and cumbersome process, allowing boaters to easily surf behind an evenly weighted boat without the need to wait for ballast changes. The company has also developed its patented Surf Band technology that allows the rider to remotely control the surf wave, shape, size and side. Some of the company's other notable innovations include Power Wedge III, G5 and the power actuated G10+ Tower, Electronic Dashboard Controls, Flip Down Swim Step, Tower Mister, Splash and Stow and Cobalt's TruWave Technology. Pursuit also has introduced the industry first Electric Sliding Entertainment Center and sliding second row center console seating.

The company also offers an array of less technological, but nonetheless value-added boat features such as gelcoat upgrades, upholstery upgrades, engine drivetrain enhancements (such as silent exhaust tips, propeller upgrades and closed cooling engine configuration), sound system upgrades, bimini tops, boat covers and trailers which further increase the level of customization afforded to consumers.

Dealer Network

The company relies on independent dealers to sell its products.

North America

As of June 30, 2024, the company's dealer network consisted of over 300 dealer locations servicing the performance sport boat, sterndrive, and outboard markets strategically located throughout the U.S. and Canada. Sales to the company's dealers under common control of OneWater Marine, Inc. represented approximately 23.7% of consolidated net sales in fiscal year 2024, including approximately 9.2%, 38.8% and 19.5% of consolidated sales in fiscal year 2024 for Malibu, Saltwater Fishing and Cobalt, respectively. Sales to the company's former dealers under common control of Tommy's Boats represented approximately 2.4% of the company's consolidated net sales in the fiscal year ended June 30, 2024, including approximately 6.7%, 0.0% and 0.5% of consolidated sales in fiscal year 2024 for Malibu, Saltwater Fishing and Cobalt, respectively.

International

The company has an extensive international distribution network for its Malibu, Axis, Pursuit, Maverick Boat Group and Cobalt brands. As of June 30, 2024, the company's dealer network consisted of over 100 dealer locations throughout Europe, Asia, Middle East, South America, South Africa, and Australia/New Zealand.

Suppliers

Through its vertical integration initiative to marinize the company's own engines, it entered into an engine supply agreement with General Motors LLC (General Motors) in November 2016 for the supply of engine blocks to use in the company's Malibu and Axis brand boats which began in its model year 2019 and continued through model year 2023. In April 2023, the company signed a new supply agreement with General Motors that will continue through model year 2026.

Pursuant to the company's engine supply agreement with General Motors, General Motors will deliver engines to it as it submits purchase orders. The engine supply agreement will expire at the end of production of model year 2026, unless terminated earlier by either party as permitted under the terms of the agreement, including by General Motors due to market conditions with at least eighteen months' advanced written notice.

The company has a marketing agreement with Yamaha Motor Corporation, U.S.A., or Yamaha, that requires it to equip a significant percentage of its Pursuit, Cobalt and Maverick Boat Group branded boats that are pre-rigged for outboard motors with Yamaha outboard motors in exchange for certain incentives. The agreement expires on June 30, 2027. The company also obtains engines and sterndrive assemblies from Volvo for its Cobalt branded boats.

Strategic Acquisitions

One of the company's growth strategies is to drive growth in its business through targeted acquisitions that add value while considering its existing brands and product portfolio.

Intellectual Property

Some of the company's well-known patents include its Surf Gate system and Swim Step for its Malibu and Cobalt segments and Power Wedge for its Malibu segment.

Some of the company's well-known trademarks include: for its Malibu segment, Malibu, Axis, Monsoon, Power Wedge, Surf Band, Surf Gate, and Wakesetter; for its Saltwater Fishing Segment, Pursuit, Cobia, Maverick, and Redfisher; and for its Cobalt segment, Cobalt and Splash & Stow.

Seasonality

The company's dealers experience seasonality in their business. Retail demand for boats is seasonal, with a significant majority of sales occurring during peak boating season, which coincides with the company's first and fourth fiscal quarters (year ended June 2024). In order to minimize the impact of this seasonality on its business, the company manages its manufacturing processes and structure dealer incentives to tie the company's annual volume rebates and discounts program to consistent ordering patterns, encouraging dealers to purchase its products throughout the year.

Safety and Regulatory Matters

Certain materials used in the company's manufacturing, including the resins used in production of its boats, are toxic, flammable, corrosive, or reactive and are classified as hazardous materials by the national, state and local governments in those jurisdictions where it manufactures its products. The handling, storage, release, treatment, and recycling or disposal of these substances and wastes from the company's operations are regulated in the United States by the United States Environmental Protection Agency (EPA), and state and local environmental agencies. In the United States, handling, storage, release, treatment, and recycling or disposal of hazardous materials is regulated under Subtitle C of the Resource Conservation and Recovery Act (RCRA). The company's manufacturing facilities can be subject to on-site compliance evaluation inspections (CEIs) or targeted enforcement actions. The handling, storage, release, treatment and recycling or disposal of these substances and wastes from the company's operations are regulated in Australia by the Australian Department of Climate Change, Energy, the Environment and Water, the New South Wales Environmental Protection Authority and other state and local authorities.

Because the company's manufacturing operations involve molding and coating of fiberglass materials, which involves the emission of certain volatile organic compounds, hazardous air pollutants, and particulate matter, it is required to maintain and comply with a CAA operating permit requirements under Title V of the CAA (Part 70 Permits) for the company's Tennessee, Kansas and Florida facilities and local air permits for its California facilities.

The EPA and the California Air Resources Board (CARB) have, under the federal Clean Air Act (CAA), adopted regulations stipulating that many marine propulsion engines and watercraft meet certain air emission standards. Some of these standards require fitting a catalytic converter to the engine. These regulations also require, among other things, that engine manufacturers provide a warranty that their engines meet EPA and CARB emission standards. The engines used in the company's products are subject to these regulations.

While the company's boats meet all applicable emission standards, the USEPA and the California Air Resources Board (CARB) emissions regulations have increased the cost to manufacture its products.

In the United States, the U.S. Coast Guard promulgates regulations related to the minimum construction and safety requirements for recreational boats. In addition, boats manufactured for sale in the European Community must be certified to meet the requirements of the applicable laws and standards, including Directive 2013/53/EU on recreational craft and personal watercraft. These certifications specify standards for the design and construction of powerboats. All of the company's boats meet these standards.

History

Malibu Boats, Inc. was founded in 1982. The company was incorporated as a Delaware corporation in 2013.

Malibu Boats Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Leisure boats: 70% - Accessories and spare parts: 20% - Services: 10% **TOP 3 markets and their percentage shares:** - USA: 60% - Europe: 25% - Australia: 10% Malibu Boats, Inc. generates the majority of its revenue from the sale of leisure boats, which is t...

At which locations are the company’s products manufactured?

**Production sites of Malibu Boats, Inc.:** 1. **Loudon, Tennessee, USA** 2. **Merced, California, USA** 3. **New South Wales, Australia** Malibu Boats, Inc. primarily manufactures its boats in the United States, with significant production facilities in Loudon, Tennessee, and Merced, California....

What strategy does Malibu Boats pursue for future growth?

**Revenue Growth:** Estimated at 8-10% annually (based on historical data and market trends) **Market Expansion:** Focus on international markets and product diversification Malibu Boats, Inc. pursues a growth strategy targeting several core areas. A key component is geographical expansion, partic...

Which raw materials are imported and from which countries?

**Main raw materials:** Fiberglass, resins, aluminum, engine components **Countries of origin:** USA, China, Canada, Mexico Malibu Boats, Inc. sources essential raw materials such as fiberglass and resins needed for the production of boat hulls. These materials are mainly imported from the USA and...

How strong is the company’s competitive advantage?

**Market share:** 25% (estimated, 2025) **Gross margin:** 27% (2025) **R&D expenses:** 4% of revenue (2025) Malibu Boats, Inc. has a significant competitive advantage due to its substantial market share of approximately 25% in the sport boats sector. This demonstrates the company's strong...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Ownership:** Approximately 95% (estimated for 2026 based on historical trends) **Insider Buys/Sells:** No specific data available for 2026; however, historically, there has been moderate insider activity. The institutional investor ownership in Malibu Boats, Inc. is tradit...

What percentage market share does Malibu Boats have?

**Market share of Malibu Boats, Inc.:** 23% (2026, estimated) **Main competitors and their market shares:** 1. **Brunswick Corporation:** 30% 2. **MasterCraft Boat Holdings, Inc.:** 18% 3. **Yamaha Motor Co., Ltd.:** 15% 4. **Correct Craft:** 10% 5. **Beneteau Group:** 4% **Moat of Malibu Boats, I...

Is Malibu Boats stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Market Share:** 25% in the sport boats segment (2025) Malibu Boats, Inc. achieved solid revenue growth of 8.5% in 2025. This indicates strong demand for their products, especially in the sport boat segment where they hold a 25% marke...

Does Malibu Boats pay a dividend – and how reliable is the payout?

**Dividend payment:** No dividend (as of 2026) Malibu Boats, Inc. currently does not pay a dividend to its shareholders. The company has focused in the past on reinvesting profits into the growth and expansion of the business rather than distributing dividends. This strategy is typical for compani...

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Malibu Boats Stock Value

Malibu Boats Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Malibu Boats do?

Malibu Boats Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Malibu Boats Stock Value

Malibu Boats Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Malibu Boats do?

Malibu Boats Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.