Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| MasterCraft Boat Holdings, Inc.MCFT · manufacturing | |
|---|---|
| Grade |  Eweakest fifth of 255 graded peers; percentile 85.4, sampling error 3.0 points; lower is stronger |
| Rank | 218 of 255 |
| Profitability | Cpercentile 51.8 |
| Solvency | C/Dpercentile 61.1 |
| Growth and financing | D/Epercentile 78.0 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $500.4M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution |
| Inputs computable | 11 of 14 |
| Graded from | filings received through Sep 10, 202629 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $19.522026-10-08; market equity $475.1M; 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 Sep 10, 2026; the document on sec.gov.
We are a leading innovator, designer, manufacturer, and marketer of recreational powerboats sold through our five brands, MasterCraft, Crest, Balise, Chaparral and Robalo. As a leader in recreational marine, we strive to deliver the best on-water experience through innovative, high-quality products with a relentless focus on the consumer. On May 15, 2026, we completed the merger with Marine Products, pursuant to which each share of Marine Products common stock, par value $0.10 per share, was converted into the right to receive 0.232 shares of our common stock, par value $0.01 per share and $2.43 cash, representing total merger consideration of approximately $284.2 million.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
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 51.8 | |||||||
| Gross profitability | 15.9% | [1,5] | 21.9% | 68.6 | 275 | 2026-06-30 | |
| Return on invested capital | not computable | 9.7% | |||||
| latest aligned inputs end 2024-06-30; latest annual assets end 2026-06-30 | |||||||
| Accruals ratio | (8.5%) | [1,6-8] | (3.6%) | 24.1 | 308 | 2026-06-30 | |
| Gross margin stability, five years | 2.8 pts | [2,5,9-16] | 2.1 pts | 62.7 | 229 | 2026-06-30 | |
| Solvency, sleeve percentile 61.1 | |||||||
| Twelve-month failure probability | 0.05% | 0.04% | 54.5 | 34 | 2026-06-30 | ||
| Altman Z double-prime | 4.91 | [1,17-22] | 3.66 | 29.6 | 244 | 2026-06-30 | |
| Net debt to EBITDA | not computable | 1.78x | |||||
| latest aligned inputs end 2024-06-30; latest annual assets end 2026-06-30 | |||||||
| Interest coverage | (5.18x) | [20,23] | 5.09x | 88.9 | 64 | 2026-06-30 | |
| Current ratio | 1.56x | [17-18] | 2.25x | 71.3 | 325 | 2026-06-30 | |
| Growth and financing, sleeve percentile 78.0 | |||||||
| Revenue growth, three-year compound | (17.0%) | [2,10,12,14] | 2.1% | 97.0 | 269 | 2026-06-30 | |
| Free cash flow growth, three-year compound | (41.1%) | [7,24-30] | 13.9% | 97.8 | 139 | 2026-06-30 | |
| Reinvestment rate | not computable | 26.4% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | 12.2% | [1,8,31-32] | 4.4% | 21.2 | 279 | 2026-06-30 | |
| Net share issuance, one year | 49.3% | [3-4] | 0.01% | 95.9 | 243 | 2026-09-04 | |
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 0.299; 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 |
|---|---|---|---|---|
| 213 | Millerknoll, Inc. (MLKN) Millerknoll, Inc. (MLKN) Eweakest fifth; percentile 83.5 Nasdaq · Office Furniture market equity $1.4B; last close $20.77 No active warnings; 11 of 14 inputs | 83.5 | E | |
| 214 | Hillman Solutions Corp. (HLMN) Hillman Solutions Corp. (HLMN) Eweakest fifth; percentile 83.9 Nasdaq · Cutlery, Handtools & General Hardware market equity $1.4B; last close $7.02 No active warnings; 10 of 14 inputs | 83.9 | E | |
| 215 | O-I Glass, Inc. (OI) O-I Glass, Inc. (OI) Eweakest fifth; percentile 84.3 NYSE · Glass Containers market equity $948.1M; last close $6.18 No active warnings; 7 of 14 inputs | 84.3 | E | |
| 216 | Sifco Industries Inc. (SIF) Sifco Industries Inc. (SIF) Eweakest fifth; percentile 84.6 NYSE · Aircraft Engines & Engine Parts market equity $140.8M; last close $22.95 Warnings: fortress balance sheet; 8 of 14 inputs | 84.6 | E | fortress balance sheet |
| 217 | Clearwater Paper Corp. (CLW) Clearwater Paper Corp. (CLW) Eweakest fifth; percentile 85.0 NYSE · Paperboard Mills market equity $314.6M; last close $19.42 No active warnings; 10 of 14 inputs | 85.0 | E | |
| 218 | MasterCraft Boat Holdings, Inc. (MCFT) MasterCraft Boat Holdings, Inc. (MCFT) Eweakest fifth; percentile 85.4 Nasdaq · Ship & Boat Building & Repairing market equity $474.6M; last close $19.52 Warnings: dilution; 11 of 14 inputs | 85.4 | E | dilution |
| 219 | Smurfit Westrock plc (SW) Smurfit Westrock plc (SW) Eweakest fifth; percentile 85.8 NYSE · Paperboard Containers & Boxes market equity $21.7B; last close $41.45 No active warnings; 8 of 14 inputs | 85.8 | E | |
| 220 | Worthington Enterprises, Inc. (WOR) Worthington Enterprises, Inc. (WOR) Eweakest fifth; percentile 86.2 NYSE · Steel Works, Blast Furnaces & Rolling & Finishing Mills market equity $3.0B; last close $61.13 No active warnings; 13 of 14 inputs | 86.2 | E | |
| 221 | IT Tech Packaging, Inc. (ITP) IT Tech Packaging, Inc. (ITP) Eweakest fifth; percentile 86.6 NYSE · Converted Paper & Paperboard Prods (No Contaners/Boxes) market equity $2.5M; last close $0.15 Warnings: late filer, fortress balance sheet; 9 of 14 inputs | 86.6 | E | late filer, fortress balance sheet |
| 222 | Matthews International Corp. (MATW) Matthews International Corp. (MATW) Eweakest fifth; percentile 87.0 Nasdaq · Nonferrous Foundries (Castings) market equity $602.7M; last close $19.32 No active warnings; 9 of 14 inputs | 87.0 | E | |
| 223 | Liqtech International Inc. (LIQT) Liqtech International Inc. (LIQT) Eweakest fifth; percentile 87.4 Nasdaq · Misc Industrial & Commercial Machinery & Equipment market equity $14.8M; last close $0.47 No active warnings; 7 of 14 inputs | 87.4 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D/E | 79.8 | 2204 |
| sector peers, equal sleeves (the grade) | E | 85.4 | 255 |
| same exchange, equal sleeves | D/E | 79.0 | 1219 |
| sector peers, equal inputs | E | 84.6 | 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 | 8.5% | 13.7% | 45 | hotter than 45 of 100 peers |
| Distance from 52-week high | (28.8%) | (24.3%) | 42 | closer to its high than 42 of 100 peers |
| EBIT to enterprise value | (0.2%) | 4.1% | 18 | pricier than 82 of 100 peers |
| Free cash flow yield | 4.7% | 3.4% | 63 | pricier than 37 of 100 peers |
| Book value to price | 0.80 | 0.34 | 82 | pricier than 18 of 100 peers |
| Sales to price | 0.74 | 0.54 | 61 | pricier than 39 of 100 peers |
| Composite equity issuance, five years | 24.6% | (9.5%) | 84 | more equity-funded than 84 of 100 peers |
| Relative strength against the sector, log excess return | (0.05) | (0.00) | 45 | ahead of 45 of 100 peers |
Inputs: market equity $474.6M; EBIT -$1.1M; free cash flow $22.4M; book equity $381.1M; sales $348.9M; debt $49.5M; cash $43.9M[3].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-06-30 | ||
|---|---|---|
| Return on assets above zero | (0.6%) | ✗ fail[6,8] |
| Operating cash flow above zero | $30.5M | ✓ pass[7] |
| Return on assets improved | (2.9 pts) | ✗ fail[6,8,31,33] |
| Operating cash flow exceeds net income | $32.2M | ✓ pass[6-7] |
| Long-term leverage fell | n/a[1,8,31,34] | |
| Current ratio improved | (29.5 pts) | ✗ fail[17-18,35-36] |
| No new shares issued | 49.3% | ✗ fail[3-4] |
| Gross margin improved | 2.9 pts | ✓ pass[2,5,9-10] |
| Asset turnover improved | 44.8 pts | ✓ pass[2,8,10,31] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $43.9M[37] |
| Operating cash flow, four quarters | $30.5M[7,37-40] |
| 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 | 29 |
| 10-K received Sep 10, 2026 | |
| Median daily dollar volume | $4.1M |
| 63 sessions | |
| Days since newest grade input | 29 |
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 | $500.4M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $348.9M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 24,339,371 | 2026-09-04 | 2026-09-10 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 16,306,356 | 2025-08-22 | 2025-08-27 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $79.8M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$1.7M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $30.5M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $259.9M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $56.9M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $284.2M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $71.6M | 2024-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $322.4M | 2024-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $168.7M | 2023-06-30 | 2025-08-27 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $609.9M | 2023-06-30 | 2025-08-27 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $168.2M | 2022-06-30 | 2024-08-30 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $641.6M | 2022-06-30 | 2024-08-30 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $152.7M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $97.7M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $129.0M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | -$1.1M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $381.1M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $119.1M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 23 | interest expense | us-gaap:InterestExpense | $215,000 | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 24 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $8.1M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 25 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $35.6M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 26 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $9.2M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 27 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $12.5M | 2024-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 28 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $10.5M | 2024-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $134.2M | 2023-06-30 | 2025-08-27 | 10-K | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $24.6M | 2023-06-30 | 2025-08-27 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $318.0M | 2024-06-30 | 2025-08-27 | 10-K | filing · viewer · series |
| 32 | assets | us-gaap:Assets | $354.0M | 2023-06-30 | 2024-08-30 | 10-K | filing · viewer · series |
| 33 | net income | us-gaap:NetIncomeLoss | $7.0M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 34 | long term debt | us-gaap:LongTermDebtNoncurrent | $0 | 2025-06-30 | 2025-08-27 | 10-K | filing · viewer · series |
| 35 | current assets | us-gaap:AssetsCurrent | $121.2M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 36 | current liabilities | us-gaap:LiabilitiesCurrent | $65.2M | 2025-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 37 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $43.9M | 2026-06-30 | 2026-09-10 | 10-K | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $13.5M | 2026-03-29 | 2026-05-07 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $8.8M | 2025-12-28 | 2026-02-05 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$6.8M | 2025-09-28 | 2025-11-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 85.4 is 5.4 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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