MasterCraft Boat Holdings, Inc. MCFT
We are a leading innovator, designer, manufacturer, and marketer of recreational powerboats sold through our three brands, MasterCraft, Crest, and Balise. 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.
Our MasterCraft segment, which manufactures and sells premium ski/wake boats, consists of our MasterCraft brand. The MasterCraft brand was founded in 1968 and evolved over the next 55-plus years to become the most award-winning ski/wake boat manufacturer in the world. Today, MasterCraft participates in one of the highest margin producing category within the powerboat industry by manufacturing the industry's premier competitive water ski, wakeboarding, and wake surfing performance boats. We believe the MasterCraft brand is known among boating enthusiasts for high performance, premier quality, and relentless innovation. We believe that the market recognizes MasterCraft as a premier brand in the powerboat industry due to the overall superior value proposition that our boats deliver to consumers. We work tirelessly every day to maintain this iconic brand reputation.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Mastercraft Segment
- Pontoon
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Mastercraft Segment | $240.8M | $262.7M | $468.7M |
| Pontoon | $43.4M | $59.6M | $141.2M |
As the company reported it, from the “REVENUE RECOGNITION - Summary of Revenues from Contracts with Customers by Major Product Category and Reportable Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $284.2M | $322.4M | $609.9M | $641.6M | $466.0M | $363.1M | $466.4M | $332.7M | $228.6M | $221.6M |
| Cost of revenue | $227.3M | $250.7M | $441.2M | $473.4M | $340.8M | $287.7M | $353.3M | $242.4M | $165.2M | $160.5M |
| Gross profit | $56.9M | $71.6M | $168.7M | $168.2M | $125.1M | $75.4M | $113.1M | $90.4M | $63.5M | $61.1M |
| R&D | $6.5M | $6.8M | $6.3M | $7.2M | $5.8M | $5.2M | $5.6M | $4.9M | $3.5M | $3.5M |
| SG&A | $32.1M | $31.1M | $32.9M | $36.1M | $33.0M | $25.6M | $27.7M | $19.8M | $20.5M | $29.2M |
| Total operating expenses | $45.6M | $44.1M | $47.3M | $52.0M | $46.5M | $101.9M | $79.9M | $34.4M | $30.0M | $39.1M |
| Operating income | $11.2M | $27.5M | $121.4M | $116.2M | $78.6M | -$26.6M | $33.3M | $56.0M | $33.5M | $22.0M |
| Interest expense | $1.2M | $3.3M | $2.7M | $1.5M | $3.4M | $5.0M | $6.5M | $3.5M | $2.2M | $1.3M |
| Pre-tax income | $13.5M | $30.0M | $122.1M | $114.7M | $74.5M | -$31.6M | $26.7M | $52.5M | $31.3M | $18.5M |
| Income tax | $2.8M | $6.7M | $28.3M | $26.8M | $16.1M | $7.6M | $5.4M | $12.9M | $11.7M | $8.3M |
| Net income | $7.0M | $7.8M | $68.9M | $58.2M | $56.2M | -$24.0M | $21.4M | $39.7M | $19.6M | $10.2M |
| EPS, basic | 0.43 | 0.46 | 3.91 | 3.15 | 2.99 | -1.28 | 1.14 | 2.13 | 1.05 | 0.57 |
| EPS, diluted | 0.43 | 0.46 | 3.88 | 3.12 | 2.96 | -1.28 | 1.14 | 2.12 | 1.05 | 0.56 |
| Shares, diluted (wtd. avg.) | 16.5M | 17.0M | 17.8M | 18.6M | 19.0M | 18.7M | 18.8M | 18.7M | 18.6M | 18.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $28.9M | $7.4M | $19.8M | $34.2M | $39.3M | $16.3M | $5.8M | $7.9M | $4.0M | $73.0K |
| Short-term investments | $50.5M | $78.8M | — | — | — | — | — | — | — | — |
| Receivables | $4.1M | $11.5M | $15.7M | $22.5M | $12.1M | $6.1M | $12.5M | $5.5M | $3.5M | $3.0M |
| Inventory | $30.5M | $37.0M | $58.3M | $58.6M | $53.5M | $25.6M | $30.7M | $20.5M | $11.7M | $13.3M |
| Total current assets | $121.2M | $155.1M | $195.5M | $146.1M | $110.2M | $56.7M | $54.4M | $37.2M | $21.7M | $18.1M |
| Property, plant and equipment | $53.6M | $52.3M | $77.9M | $55.8M | $60.5M | $40.5M | $33.6M | $22.3M | $14.8M | $13.8M |
| Goodwill | $28.5M | $28.5M | $28.5M | $28.5M | $29.6M | $29.6M | $74.0M | $65.8M | $29.6M | $29.6M |
| Other intangibles | $31.9M | $33.6M | $35.5M | $37.4M | $59.9M | $63.8M | $79.8M | $51.0M | $16.6M | $16.8M |
| Total assets | $259.9M | $318.0M | $354.0M | $297.1M | $276.5M | $207.9M | $248.8M | $176.9M | $83.3M | $82.5M |
| Accounts payable | $8.3M | $10.4M | $20.4M | $23.4M | $23.9M | $10.5M | $18.0M | $17.3M | $11.0M | $13.1M |
| Short-term debt | $0 | $4.4M | $4.4M | $2.9M | $2.9M | $8.9M | $8.7M | $5.1M | $3.7M | $7.9M |
| Total current liabilities | $65.2M | $77.9M | $102.5M | $93.2M | $74.3M | $55.4M | $68.5M | $50.9M | $36.9M | $44.4M |
| Long-term debt | $0 | $44.9M | $49.3M | $53.7M | $90.3M | $99.7M | $105.0M | $70.1M | $30.8M | $44.3M |
| Total liabilities | $76.4M | $134.1M | $161.9M | $153.4M | $168.7M | $159.1M | $176.5M | $124.4M | $71.6M | $90.9M |
| Retained earnings | $130.7M | $123.6M | $115.8M | $46.9M | -$11.3M | -$67.5M | -$43.5M | -$61.7M | -$101.4M | -$120.9M |
| Total equity | $183.4M | $183.7M | $192.1M | $143.6M | $107.8M | $48.9M | $72.3M | $52.5M | $11.8M | -$8.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $35.6M | $12.5M | $134.2M | $73.3M | $68.5M | $30.2M | $55.9M | $49.4M | $26.2M | $30.7M |
| Depreciation and amortisation | $9.6M | $8.4M | $8.4M | $9.7M | $8.4M | $10.5M | $7.8M | $5.1M | $3.2M | $3.4M |
| Stock-based compensation | $2.9M | $2.6M | $3.5M | $3.5M | $2.9M | $1.1M | $1.7M | $1.2M | $711.0K | $13.7M |
| Capital expenditure | $9.2M | $10.5M | $24.6M | $12.3M | $25.2M | $14.2M | $14.1M | $5.3M | $4.1M | $3.8M |
| Investing cash flow | $46.0M | -$1.8M | -$121.4M | -$15.8M | -$27.8M | -$14.2M | -$95.8M | -$85.7M | -$4.1M | -$3.8M |
| Financing cash flow | -$60.1M | -$23.1M | -$27.1M | -$62.5M | -$17.8M | -$5.5M | $37.8M | $40.2M | -$18.1M | -$28.0M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $79.9M |
| Buybacks | $9.8M | $16.3M | $22.9M | $25.5M | $0 | — | — | — | — | $4.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000950170-25-111682.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $221.6M | $228.6M | $332.7M | $466.4M | $363.1M | $466.0M | $641.6M | $609.9M | $322.4M | $284.2M |
| Gross profit | $61.1M | $63.5M | $90.4M | $113.1M | $75.4M | $125.1M | $168.2M | $168.7M | $71.6M | $56.9M |
| Net income | $10.2M | $19.6M | $39.7M | $21.4M | -$24.0M | $56.2M | $58.2M | $68.9M | $7.8M | $7.0M |
Recent filings and events
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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