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MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates in two segments, MasterCraft and Pontoon. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating. The Pontoon segment provides pontoon boats for use in general recreational boating. The company also offers ski/wake and outboard boats, as well as various accessories, including trailers and aftermarket parts. It sells its boats under the MasterCraft, Crest, and Balise brands 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $284M | $24M | $7M | $26M | 3.8% | -11.8% | -9.7% |
| 2024 | $322M | $42M | $8M | $2M | 4.2% | -47.1% | -88.7% |
| 2023 | $610M | $133M | $69M | $110M | 35.9% | -4.9% | 18.4% |
| 2022 | $642M | $126M | $58M | $61M | 40.5% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 641.61 | 609.90 | 322.35 | 284.20 |
| Operating Revenue | - | 638.43 | 607.55 | 318.60 | 280.43 |
| Cost Of Revenue | - | 473.42 | 441.16 | 250.74 | 227.34 |
| Gross Profit | - | 168.19 | 168.74 | 71.61 | 56.86 |
| Operating Expense | - | 50.90 | 47.31 | 44.13 | 45.63 |
| Selling General And Administration | - | 48.94 | 45.35 | 42.32 | 43.83 |
| Total Expenses | - | 524.31 | 488.47 | 294.88 | 272.97 |
| Operating Income | - | 117.30 | 121.43 | 27.48 | 11.23 |
| Total Operating Income As Reported | - | 116.20 | 121.43 | 27.48 | 11.23 |
| EBITDA | - | 125.93 | 133.18 | 41.64 | 24.28 |
| Normalized EBITDA | - | 127.03 | 133.18 | 41.64 | 24.28 |
| EBIT | - | 116.20 | 124.78 | 33.26 | 14.70 |
| Interest Income | - | 0 | 3.35 | 5.79 | 3.47 |
| Interest Expense | - | 1.47 | 2.68 | 3.29 | 1.17 |
| Net Interest Income | - | -1.47 | 0.67 | 2.50 | 2.30 |
| Other Income Expense | -0.73 | -1.10 | - | -9.83 | - |
| Interest Income Non Operating | - | 0 | 3.35 | 5.79 | 3.47 |
| Interest Expense Non Operating | - | 1.47 | 2.68 | 3.29 | 1.17 |
| Net Non Operating Interest Income Expense | - | -1.47 | 0.67 | 2.50 | 2.30 |
| Pretax Income | - | 114.72 | 122.10 | 29.97 | 13.54 |
| Tax Provision | - | 26.78 | 28.30 | 6.73 | 2.82 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.26 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 87.94 | 93.80 | 23.24 | 10.72 |
| Net Income From Continuing And Discontinued Operation | - | 58.21 | 68.94 | 7.80 | 7.04 |
| Net Income From Continuing Operation Net Minority Interest | - | 87.94 | 93.80 | 23.24 | 10.72 |
| Net Income | - | 58.21 | 68.94 | 7.80 | 7.04 |
| Net Income Common Stockholders | - | 58.21 | 68.94 | 7.80 | 7.04 |
| Net Income Including Noncontrolling Interests | - | 58.21 | 68.94 | 7.80 | 7.04 |
| Normalized Income | - | 88.79 | 93.80 | 23.24 | 10.72 |
| Diluted NI Availto Com Stockholders | - | 58.21 | 68.94 | 7.80 | 7.04 |
| Basic Average Shares | 18.81 | 18.46 | 17.62 | 16.93 | - |
| Diluted Average Shares | 18.95 | 18.64 | 17.77 | 17.04 | - |
| Reconciled Depreciation | - | 9.73 | 8.40 | 8.38 | 9.58 |
| Reconciled Cost Of Revenue | - | 465.64 | 434.72 | 244.18 | 219.56 |
| Total Unusual Items | -0.73 | -1.10 | 0 | -9.83 | - |
| Total Unusual Items Excluding Goodwill | -0.73 | -1.10 | 0 | -9.83 | - |
| Net Income Discontinuous Operations | - | -29.73 | -24.86 | -15.44 | -3.67 |
| Special Income Charges | -0.73 | -1.10 | 0 | -9.83 | - |
| Other Special Charges | 0.73 | - | - | - | - |
| Impairment Of Capital Assets | 0 | 1.10 | 0 | 9.83 | - |
| Depreciation Amortization Depletion Income Statement | - | 1.96 | 1.96 | 1.81 | 1.80 |
| Depreciation And Amortization In Income Statement | - | 1.96 | 1.96 | 1.81 | 1.80 |
| General And Administrative Expense | - | 36.07 | 32.92 | 31.12 | 32.09 |
| Other Gand A | - | 36.07 | 32.92 | 31.12 | 32.09 |
| Selling And Marketing Expense | - | 12.87 | 12.44 | 11.20 | 11.74 |
| Amortization | - | 1.96 | 1.96 | 1.81 | 1.80 |
| Amortization Of Intangibles Income Statement | - | 1.96 | 1.96 | 1.81 | 1.80 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MasterCraft Boat Holdings, Inc.this co. | MCFT | $542M | 76.93↑ premium | 2.95 | 3.8% | 21.07 |
| Karat Packaging Inc. | KRT | $561M | 17.83 | 3.68 | 20.6% | 11.43 |
| Legacy Housing Corporation | LEGH | $557M | 13.33 | 1.05 | 7.9% | 10.31 |
| Kura Sushi USA, Inc. | KRUS | $556M | - | 2.41 | -0.8% | 53.56 |
| Miller Industries, Inc. | MLR |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $553M |
| 24.04 |
| 1.32 |
| 5.5% |
| 11.57 |
| Cooper-Standard Holdings Inc. | CPS | $548M | -131.68 | -6.57 | 5.0% | 8.19 |
| Malibu Boats, Inc. | MBUU | $532M | 35.72 | 1.03 | 2.9% | 8.48 |
| Ethan Allen Interiors Inc. | ETD | $529M | 10.25 | 1.10 | 10.7% | 6.81 |
| Stitch Fix, Inc. | SFIX | $501M | -17.43 | 2.47 | -14.2% | -37.60 |
| Peer Median | - | 13.33 | 1.21 | 5.2% | 9.40 | |