{
  "url": "https://struct.news/briefs/malibu-boats-revenue-rose-13-but-operating-income-fell-86",
  "title": "Malibu Boats revenue rose 13%, but operating income fell 86%",
  "summary": "Operating cash flow rose to $67.5M even as net income fell to $1.7M, leaving growth and earnings pulling apart.",
  "published_at": "2026-08-27T13:27:23.270804+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Malibu Boats, Inc.",
    "ticker": "MBUU",
    "cik": "1590976",
    "sector": "Consumer Cyclical",
    "industry": "Recreational Vehicles"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-27",
    "accession": "0001590976-26-000037",
    "url": "https://www.sec.gov/Archives/edgar/data/1590976/000159097626000037/mbuu-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1590976/000159097625000080/mbuu-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "Growth versus profitability",
      "label": "Revenue",
      "value": 807561000,
      "display": "$807.6M",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001590976-26-000037",
        "filing_date": "2026-08-27"
      }
    },
    {
      "group": "Growth versus profitability",
      "label": "Operating margin",
      "value": 2.6946571218768613,
      "display": "+2.7%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001590976-26-000037",
        "filing_date": "2026-08-27"
      }
    },
    {
      "group": "Growth versus profitability",
      "label": "Net margin",
      "value": 1.8424614363496998,
      "display": "+1.8%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001590976-26-000037",
        "filing_date": "2026-08-27"
      }
    },
    {
      "group": "Growth versus profitability",
      "label": "Cash-flow yield",
      "value": 10.806403437609303,
      "display": "+10.8%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001590976-26-000037",
        "filing_date": "2026-08-27"
      }
    }
  ],
  "watch_next": [
    {
      "type": "input_costs",
      "statement": "Material costs rose despite higher unit volumes, while lower labor costs partly offset the increase.",
      "importance": "medium",
      "evidence": "In the Malibu segment, per unit material costs increased by $11.4 million driven by a more expensive model mix that corresponded with higher net sales per unit, and inflationary pressures, partially offset by a decrease in per unit labor costs of $2.9 million due to higher unit volumes.",
      "source_date": "2026-08-27"
    },
    {
      "type": "litigation",
      "statement": "A $3.5 million legal settlement and related fees increased general and administrative expense in the latest annual period.",
      "importance": "medium",
      "evidence": "The increase in general and administrative expenses was primarily driven by a $3.5 million legal settlement along with other related legal fees and increases in stock-based compensation expense, incentive pay and salaries.",
      "source_date": "2026-08-27"
    },
    {
      "type": "working_capital",
      "statement": "Inventory and accounts receivable grew faster than revenue, increasing the amount of capital tied up in the business.",
      "importance": "medium",
      "evidence": "Inventory built faster than revenue: Inventory growth exceeded revenue growth and inventory intensity increased.",
      "source_date": "2026-08-27"
    },
    {
      "type": "pricing",
      "statement": "Higher prices and a more expensive model mix lifted sales per unit, but the filing links that mix to higher material costs.",
      "importance": "medium",
      "evidence": "The increase in net sales was primarily driven by a favorable model mix and year-over-year price increases, partially offset by a decrease in units.",
      "source_date": "2026-08-27"
    }
  ],
  "related_tickers": [
    "MBUU"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}