HIGHOutside partySupplier
sole supplier or limited number of suppliers
“10-K Item 1A: 'Some components ... are available from a sole supplier or a limited number of suppliers.'”
MBUU · Concentration risk · 10-K extracted
Malibu Boats (MBUU) concentration risks
Updated
The most significant concentration Malibu Boats discloses is sole supplier or limited number of suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Malibu Boats’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
42.8%
top ten dealers
“10-K Item 1: 'Our top ten dealers represented 42.8%, 40.4% and 41.1%, of our net sales for fiscal year 2025, 2024 and 2023, respectively.'”
MEDIUMOutside partySupplier
General Motors
“10-K Item 1A: 'We currently purchase engines from General Motors LLC, or General Motors, that we then prepare for marine use for certain Malibu, Axis and Cobalt boats.'”
LOWOutside partyCustomer
24.7%
OneWater Marine, Inc.
“10-K Item 1: 'Sales to our dealers under common control of OneWater Marine, Inc. represented approximately 24.7%, 23.7% and 17.2% of consolidated net sales in fiscal years 2025, 2024 and 2023, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Malibu Boats discloses concentration risk across suppliers and dealers that compounds in a few places. On the supply side, some components are available from a sole supplier or a limited number of suppliers, a high-share dependency that could constrain production if disrupted, and the company separately purchases engines from General Motors for use across certain Malibu, Axis, and Cobalt boats, a medium-share supplier dependency layered on top of the broader sole-source risk. On the distribution side, the company's top ten dealers represented approximately 42.8% of net sales in fiscal 2025, up from 40.4% in fiscal 2024 and 41.1% in fiscal 2023 — a medium-share dependency on a relatively narrow dealer network. Within that group, dealers under common control of OneWater Marine, Inc. represented approximately 24.7% of consolidated net sales in fiscal 2025, up from 23.7% in fiscal 2024 and 17.2% in fiscal 2023 — a low-share but rising single-dealer-group dependency. The combination of a concentrated dealer base, with one dealer group's share climbing steadily, alongside supplier concentration in both components generally and General Motors specifically, means disruptions on either the sell-in or sell-through side of the business would touch a meaningful share of results.
For the engine’s reasoning on MBUU’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Recreational Vehicles
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HOG | Harley-Davidson, Inc. | 3 | 0 | 0 | 3 |
| MCFT | MasterCraft Boat Holdings, Inc. | 2 | 1 | 1 | 4 |
| MBUU● | Malibu Boats, Inc. | 1 | 2 | 1 | 4 |
| BC | Brunswick Corporation | 1 | 2 | 0 | 3 |
| LCII | LCI Industries | 1 | 1 | 2 | 4 |
| PATK | Patrick Industries, Inc. | 0 | 2 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.