HIGHOutside partyCustomer
62.4%
top ten dealers
“10-K Item 1: 'Our top ten dealers represented 62.4%, 42.8% and 40.4% of our net sales for fiscal year 2026, 2025 and 2024, respectively.'”
MBUU · Concentration risk · 10-K extracted
Malibu Boats (MBUU) concentration risks
Updated
The most significant concentration Malibu Boats discloses is top ten dealers at 62.4%, 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. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Malibu Boats’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH2
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).
HIGHOutside partySupplier
sole supplier or limited number of suppliers
“10-K Item 1A: 'Some components used in our manufacturing processes, including engines, boat windshields, certain electrical components and gel coats are available from a sole supplier or a limited number of suppliers.'”
MEDIUMOutside partySupplier
General Motors engines
“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.'”
MEDIUMOutside partySupplier
Yamaha outboard engines
“10-K Item 1A: 'We purchase outboard engines from Yamaha Motor Corporation, U.S.A., or Yamaha, for a significant percentage of our Cobalt, Pursuit and Maverick Boats Group branded boats'”
LOWOutside partyCustomer
22.3%
OneWater Marine dealers
“10-K Item 1: 'Sales to our dealers under common control of OneWater Marine, Inc. represented approximately 22.3%, 24.7% and 23.7% of consolidated net sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Malibu Boats shows a rising dealer concentration: the top ten dealers represented 62.4% of net sales in the latest year, a high-share exposure, versus 42.8% a year earlier and 40.4% the year before that. Within the customer base, sales to dealers under common control of OneWater Marine, Inc. represented approximately 22.3% of consolidated net sales (24.7% and 23.7% in the two prior years), a low-share exposure on its own but a named counterparty inside the top group. The supply side is a second, independent dependency. Some components, including engines, boat windshields, certain electrical components and gel coats, are available from a sole supplier or a limited number of suppliers, a high-share exposure. Two named engine relationships sit underneath it: General Motors LLC supplies engines that are prepared for marine use for certain Malibu, Axis and Cobalt boats, and Yamaha Motor Corporation, U.S.A. supplies outboard engines for a significant percentage of Cobalt, Pursuit and Maverick Boats Group branded boats. Both are medium-share dependencies. The dealer concentration and the engine sourcing are the idiosyncratic items most likely to move the verdict, since each rests on a few counterparties.
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 |
| MBUU● | Malibu Boats, Inc. | 2 | 2 | 1 | 5 |
| MCFT | MasterCraft Boat Holdings, Inc. | 2 | 1 | 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.