Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Malibu Boats, Inc.MBUU · manufacturing | |
|---|---|
| Grade |  Eweakest fifth of 255 graded peers; percentile 93.3, sampling error 3.0 points; lower is stronger |
| Rank | 238 of 255 |
| Profitability | Dpercentile 66.2 |
| Solvency | Dpercentile 64.7 |
| Growth and financing | Epercentile 83.4 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $996.2M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: dilution, distress |
| Inputs computable | 11 of 14 |
| Graded from | filings received through Aug 27, 202643 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $22.022026-10-08; market equity $264; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Aug 27, 2026; the document on sec.gov.
Unless otherwise expressly indicated or the context otherwise requires, in this Annual Report on Form 10-K: •We use the terms “Malibu Boats,” the “Company,” “MBI,” “we,” “us,” “our” or similar references to refer (1) prior to the consummation of our initial public offering, or "IPO" on February 5, 2014, to Malibu Boats Holdings, LLC (the “LLC”), and its consolidated subsidiaries and (2) after our IPO, to Malibu Boats, Inc.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 66.2 | |||||||
| Gross profitability | 14.7% | [1,3] | 21.9% | 72.6 | 275 | 2026-06-30 | |
| Return on invested capital | 0.4% | [4-12] | 9.7% | 86.9 | 100 | 2026-06-30 | |
| Accruals ratio | (7.6%) | [1,13-15] | (3.6%) | 26.7 | 308 | 2026-06-30 | |
| Gross margin stability, five years | 4.1 pts | [2-3,16-23] | 2.1 pts | 78.5 | 229 | 2026-06-30 | |
| Solvency, sleeve percentile 64.7 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | 3.40 | [1,4,8,24-27] | 3.66 | 45.7 | 244 | 2026-06-30 | |
| Net debt to EBITDA | 2.50x | [4,7,9,28] | 1.78x | 72.5 | 121 | 2026-06-30 | |
| Interest coverage | not computable | 5.09x | |||||
| latest aligned inputs end 2021-06-30; latest annual assets end 2026-06-30 | |||||||
| Current ratio | 1.43x | [24-25] | 2.25x | 75.9 | 325 | 2026-06-30 | |
| Growth and financing, sleeve percentile 83.4 | |||||||
| Revenue growth, three-year compound | (13.0%) | [2,17,19,21] | 2.1% | 94.0 | 269 | 2026-06-30 | |
| Free cash flow growth, three-year compound | (30.9%) | [14,29-35] | 13.9% | 95.7 | 139 | 2026-06-30 | |
| Reinvestment rate | (30.8%) | [4-6,24-25,28-29,36-37] | 26.4% | 84.8 | 139 | 2026-06-30 | |
| Asset growth, three years | 2.5% | [1,15,38-39] | 4.4% | 59.0 | 279 | 2026-06-30 | |
| Net share issuance, one year | not computable | 0.01% | |||||
| two annual share counts are required; found 0 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.461; sampling error 3.0 percentile points on 255 peers.
Among 255 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 233 | Greif, Inc. (GEF-B) Greif, Inc. (GEF-B) Eweakest fifth; percentile 91.1 NYSE · Metal Shipping Barrels, Drums, Kegs & Pails last close $107.78 No active warnings; 8 of 14 inputs | 91.1 | E | |
| 234 | Emerson Electric Co. (EMR) Emerson Electric Co. (EMR) Eweakest fifth; percentile 91.7 NYSE · Electronic & Other Electrical Equipment (No Computer Equip) market equity $88.7B; last close $159.05 No active warnings; 8 of 14 inputs | 91.7 | E | |
| 235 | Techprecision Corp. (TPCS) Techprecision Corp. (TPCS) Eweakest fifth; percentile 92.1 Nasdaq · Fabricated Structural Metal Products market equity $58.8M; last close $5.80 Warnings: late filer, fortress balance sheet; 8 of 14 inputs | 92.1 | E | late filer, fortress balance sheet |
| 236 | DSS, Inc. (DSS) DSS, Inc. (DSS) Eweakest fifth; percentile 92.5 NYSE · Paperboard Containers & Boxes market equity $6.1M; last close $0.64 Warnings: short runway, distress; 8 of 14 inputs | 92.5 | E | short runway, distress |
| 237 | Rayonier Advanced Materials Inc. (RYAM) Rayonier Advanced Materials Inc. (RYAM) Eweakest fifth; percentile 92.9 NYSE · Pulp Mills market equity $468.8M; last close $6.93 No active warnings; 8 of 14 inputs | 92.9 | E | |
| 238 | Malibu Boats, Inc. (MBUU) Malibu Boats, Inc. (MBUU) Eweakest fifth; percentile 93.3 Nasdaq · Ship & Boat Building & Repairing market equity $264; last close $22.02 No active warnings; 11 of 14 inputs | 93.3 | E | |
| 239 | Graftech International Ltd. (EAF) Graftech International Ltd. (EAF) Eweakest fifth; percentile 93.7 NYSE · Electrical Industrial Apparatus market equity $230.9M; last close $8.84 No active warnings; 8 of 14 inputs | 93.7 | E | |
| 240 | AIR Industries Group (AIRI) AIR Industries Group (AIRI) Eweakest fifth; percentile 94.1 NYSE · Aircraft Parts & Auxiliary Equipment, NEC market equity $12.6M; last close $2.61 Warnings: dilution, late filer; 9 of 14 inputs | 94.1 | E | dilution, late filer |
| 241 | GoPro, Inc. (GPRO) GoPro, Inc. (GPRO) Eweakest fifth; percentile 94.5 Nasdaq · Photographic Equipment & Supplies last close $1.18 Warnings: fortress balance sheet; 7 of 14 inputs | 94.5 | E | fortress balance sheet |
| 242 | Ranpak Holdings Corp. (PACK) Ranpak Holdings Corp. (PACK) Eweakest fifth; percentile 94.9 NYSE · Converted Paper & Paperboard Prods (No Contaners/Boxes) market equity $334.5M; last close $3.91 No active warnings; 10 of 14 inputs | 94.9 | E | |
| 243 | Newell Brands Inc. (NWL) Newell Brands Inc. (NWL) Eweakest fifth; percentile 95.3 Nasdaq · Plastics Products, NEC market equity $2.4B; last close $5.72 No active warnings; 9 of 14 inputs | 95.3 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 87.5 | 2204 |
| sector peers, equal sleeves (the grade) | E | 93.3 | 255 |
| same exchange, equal sleeves | E | 86.7 | 1219 |
| sector peers, equal inputs | E | 95.3 | 255 |
Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (16.9%) | 13.7% | 18 | hotter than 18 of 100 peers |
| Distance from 52-week high | (36.4%) | (24.3%) | 28 | closer to its high than 28 of 100 peers |
| EBIT to enterprise value | 3.4% | 4.1% | 43 | pricier than 57 of 100 peers |
| Free cash flow yield | not computable | 3.4% | market equity must exceed $100,000 | |
| Book value to price | not computable | 0.34 | market equity must exceed $100,000 | |
| Sales to price | not computable | 0.54 | market equity must exceed $100,000 | |
| Composite equity issuance, five years | not computable | (9.5%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | (0.32) | (0.00) | 18 | ahead of 18 of 100 peers |
Inputs: market equity $264; EBIT $3.1M; free cash flow $42.8M; book equity $524.4M; sales $914.6M; debt $165.0M; cash $74.4M[40].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | 0.2% | ✓ pass[13,15] |
| Operating cash flow above zero | $67.5M | ✓ pass[14] |
| Return on assets improved | (1.8 pts) | ✗ fail[13,15,38,41] |
| Operating cash flow exceeds net income | $65.9M | ✓ pass[13-14] |
| Long-term leverage fell | 16.6 pts | ✗ fail[1,15,38,42-43] |
| Current ratio improved | (20.1 pts) | ✗ fail[24-25,36-37] |
| No new shares issued | n/a | |
| Gross margin improved | (1.8 pts) | ✗ fail[2-3,16-17] |
| Asset turnover improved | 15.3 pts | ✓ pass[2,15,17,38] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $74.4M[9] |
| Operating cash flow, four quarters | $67.5M[9,14,44-46] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 43 |
| 10-K received Aug 27, 2026 | |
| Median daily dollar volume | $5.4M |
| 63 sessions | |
| Days since newest grade input | 43 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $996.2M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $914.6M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $146.5M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $3.1M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $2.4M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $740,000 | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $165.0M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $524.4M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $74.4M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $18.0M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $515.5M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $37.0M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $1.7M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $67.5M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $734.6M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $144.1M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $807.6M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $147.1M | 2024-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $829.0M | 2024-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $351.3M | 2023-06-30 | 2025-08-28 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2023-06-30 | 2025-08-28 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $310.1M | 2022-06-30 | 2024-08-29 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.2B | 2022-06-30 | 2024-08-29 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $308.5M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $215.4M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $486.3M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $467.8M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 28 | depreciation amortization | us-gaap:Depreciation | $33.1M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 29 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $24.7M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $56.5M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 31 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $27.9M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $55.6M | 2024-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 33 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $76.0M | 2024-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $184.7M | 2023-06-30 | 2025-08-28 | 10-K | filing · viewer · series |
| 35 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $54.8M | 2023-06-30 | 2025-08-28 | 10-K | filing · viewer · series |
| 36 | current assets | us-gaap:AssetsCurrent | $219.9M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 37 | current liabilities | us-gaap:LiabilitiesCurrent | $134.6M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 38 | assets | us-gaap:Assets | $739.6M | 2024-06-30 | 2025-08-28 | 10-K | filing · viewer · series |
| 39 | assets | us-gaap:Assets | $925.9M | 2023-06-30 | 2024-08-29 | 10-K | filing · viewer · series |
| 40 | shares outstanding | us-gaap:CommonStockSharesOutstanding | 12 | 2023-06-30 | 2024-05-02 | 10-Q | filing · viewer · series |
| 41 | net income | us-gaap:NetIncomeLoss | $14.9M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 42 | long term debt | us-gaap:LongTermDebtNoncurrent | $165.0M | 2026-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 43 | long term debt | us-gaap:LongTermDebtNoncurrent | $18.0M | 2025-06-30 | 2026-08-27 | 10-K | filing · viewer · series |
| 44 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $40.6M | 2026-03-31 | 2026-05-07 | 10-Q | filing · viewer · series |
| 45 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $19.2M | 2025-12-31 | 2026-02-05 | 10-Q | filing · viewer · series |
| 46 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $6.5M | 2025-09-30 | 2025-10-30 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 93.3 is 13.3 points from the nearest band edge; sampling error is 3.0 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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