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MasterCraft Boat Holdings, Inc.

Rank #380HypergrowthWatchlistCompare with other stocks

MCFT · Nasdaq · Consumer Cyclical

MasterCraft Boat Holdings, Inc. (MCFT) — Rank #380 by gross profitability (GP/assets 0.16) · ROE -0.4% · Piotroski F-Score N/A.

As-of 2026-10-31 · CIK 0001638290 · all metrics point-in-time as of the filing date.

About

MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats.

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It operates through Performance and Wake, Leisure, and Recreation and Sport Fishing segments. The Performance and Wake Segment manufactures and sells ski/wake boats used for water skiing, wakeboarding, wake surfing, and general recreational boating under the MasterCraft brand name. The Leisure segment manufactures and sells pontoon boats used for general recreational boating under the Crest and Balise brand names. Recreation and Sport Fishing Segment provides manufactures and sells recreational fiberglass powerboats for both the pleasure boating and sport fishing markets under the Chaparral and Robalo brand names. It also provides trailers, marine parts, aftermarket parts, and accessories. The company sells products through a network of independent dealers in the United States and internationally. The company was formerly known as MCBC Holdings, Inc. and changed its name to MasterCraft Boat Holdings, Inc. in November 2018. MasterCraft Boat Holdings, Inc.

was founded in 1968 and is headquartered in Vonore, Tennessee.

Industry
Recreational Vehicles
Sector
Consumer Cyclical
State
DE
Filer Category
Accelerated filer
Fiscal Year End
June 30

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,400

Industry

Recreational Vehicles

Exchange

Nasdaq

9/11

Flags passed

MCFT fails 1 critical flag

Passes 9 of 11 quality flags, 1 caution

  • FAIL
    Operating margin declining

    Operating margin lower than prior year

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.16
Return on equity
-0.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.31
Current ratio
1.56×
Net cash
$43.87M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.2%

Growth

1/2 pass
Revenue growth
22.8%
Piotroski F-Score
N/A
Share dilution
3.9%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

Warning: Operating margin declining · GP/assets 25th percentile of 21 SIC 37 peers

Gross profitability (GP / assets)

0.16

Primary signal (Novy-Marx).

25th pctl of 21 SIC 37 peers

Return on equity

-0.4%

Gross margin

22.9%

50th pctl of 21 SIC 37 peers

Revenue growth (YoY)

22.8%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-17.0%

Revenue CAGR (5Y)

-5.6%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

-40.0%

Cash Flow Health

Is the cash real?

No warning flags · FCF 1447% above net income

Free cash flow

$22.38M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

1446.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.2%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net cash $43.87M

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.31

95th pctl of 20 SIC 37 peers (best = lowest)

Current ratio

1.56×

20th pctl of 21 SIC 37 peers

Quick ratio

0.57×

Net cash

$43.87M

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

1.7 / 5

Weak
Share count trend
3.9%1/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-7.1%1/5 Weak

Lifecycle Phase History

20212026
Hypergrowth
Capital Return
Decline

Price History

MCFT-22.5% · -4.9% CAGRSPY+84.0% · +12.9% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports