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Side-by-side financial comparison of OneWater Marine Inc. (ONEW) and GIBRALTAR INDUSTRIES, INC. (ROCK). Click either name above to swap in a different company.
OneWater Marine Inc. is the larger business by last-quarter revenue ($380.6M vs $225.0M, roughly 1.7× GIBRALTAR INDUSTRIES, INC.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs 1.3%). GIBRALTAR INDUSTRIES, INC. produced more free cash flow last quarter ($26.2M vs $-78.2M). Over the past eight quarters, OneWater Marine Inc.'s revenue compounded faster (-11.7% CAGR vs -12.3%).
OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.
Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.
ONEW vs ROCK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $380.6M | $225.0M |
| Net Profit | $-7.7M | — |
| Gross Margin | 23.5% | 25.3% |
| Operating Margin | -1.4% | 7.9% |
| Net Margin | -2.0% | — |
| Revenue YoY | 1.3% | 24.9% |
| Net Profit YoY | 35.6% | — |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $380.6M | $225.0M | ||
| Q3 25 | $460.1M | $310.9M | ||
| Q2 25 | $552.9M | $309.5M | ||
| Q1 25 | $483.5M | $290.0M | ||
| Q4 24 | $375.8M | $180.1M | ||
| Q3 24 | $377.9M | $277.1M | ||
| Q2 24 | $542.4M | $273.6M | ||
| Q1 24 | $488.3M | $292.5M |
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-113.0M | $-89.1M | ||
| Q2 25 | $10.7M | $26.0M | ||
| Q1 25 | $-368.0K | $21.1M | ||
| Q4 24 | $-12.0M | — | ||
| Q3 24 | $-9.2M | $34.0M | ||
| Q2 24 | $14.7M | $32.2M | ||
| Q1 24 | $-4.0M | $24.9M |
| Q4 25 | 23.5% | 25.3% | ||
| Q3 25 | 22.6% | 26.6% | ||
| Q2 25 | 23.3% | 28.4% | ||
| Q1 25 | 22.8% | 26.8% | ||
| Q4 24 | 22.4% | 29.0% | ||
| Q3 24 | 24.0% | 29.4% | ||
| Q2 24 | 24.4% | 30.5% | ||
| Q1 24 | 24.6% | 28.9% |
| Q4 25 | -1.4% | 7.9% | ||
| Q3 25 | -28.3% | 12.8% | ||
| Q2 25 | 5.5% | 12.8% | ||
| Q1 25 | 3.4% | 8.8% | ||
| Q4 24 | -0.5% | 13.3% | ||
| Q3 24 | 1.2% | 15.6% | ||
| Q2 24 | 7.4% | 14.9% | ||
| Q1 24 | 2.8% | 10.8% |
| Q4 25 | -2.0% | — | ||
| Q3 25 | -24.5% | -28.6% | ||
| Q2 25 | 1.9% | 8.4% | ||
| Q1 25 | -0.1% | 7.3% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.4% | 12.3% | ||
| Q2 24 | 2.7% | 11.8% | ||
| Q1 24 | -0.8% | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.98 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | — | $1.05 | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $115.7M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $277.5M | $950.4M |
| Total Assets | $1.4B | $1.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | — | $146.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
| Q4 25 | $277.5M | $950.4M | ||
| Q3 25 | $285.0M | $951.8M | ||
| Q2 25 | $393.2M | $1.0B | ||
| Q1 25 | $381.6M | $1.0B | ||
| Q4 24 | $354.8M | $1.0B | ||
| Q3 24 | $360.8M | $1.0B | ||
| Q2 24 | $368.6M | $975.7M | ||
| Q1 24 | $351.7M | $940.2M |
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.7B | $1.3B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-76.3M | $35.5M |
| Free Cash FlowOCF − Capex | $-78.2M | $26.2M |
| FCF MarginFCF / Revenue | -20.6% | 11.7% |
| Capex IntensityCapex / Revenue | 0.5% | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.6M | $120.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.3M | $35.5M | ||
| Q3 25 | $9.9M | $73.0M | ||
| Q2 25 | $90.8M | $44.9M | ||
| Q1 25 | $28.5M | $13.7M | ||
| Q4 24 | $-37.4M | $19.9M | ||
| Q3 24 | $27.3M | $64.7M | ||
| Q2 24 | $93.8M | $36.5M | ||
| Q1 24 | $23.7M | $53.2M |
| Q4 25 | $-78.2M | $26.2M | ||
| Q3 25 | $7.2M | $64.8M | ||
| Q2 25 | $88.9M | $27.3M | ||
| Q1 25 | $23.7M | $2.3M | ||
| Q4 24 | $-40.0M | $14.1M | ||
| Q3 24 | $23.2M | $60.5M | ||
| Q2 24 | $86.9M | $33.5M | ||
| Q1 24 | $13.8M | $48.8M |
| Q4 25 | -20.6% | 11.7% | ||
| Q3 25 | 1.6% | 20.8% | ||
| Q2 25 | 16.1% | 8.8% | ||
| Q1 25 | 4.9% | 0.8% | ||
| Q4 24 | -10.7% | 7.8% | ||
| Q3 24 | 6.1% | 21.8% | ||
| Q2 24 | 16.0% | 12.2% | ||
| Q1 24 | 2.8% | 16.7% |
| Q4 25 | 0.5% | 4.1% | ||
| Q3 25 | 0.6% | 2.6% | ||
| Q2 25 | 0.4% | 5.7% | ||
| Q1 25 | 1.0% | 3.9% | ||
| Q4 24 | 0.7% | 3.3% | ||
| Q3 24 | 1.1% | 1.5% | ||
| Q2 24 | 1.3% | 1.1% | ||
| Q1 24 | 2.0% | 1.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 8.47× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | 6.39× | 1.13× | ||
| Q1 24 | — | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONEW
| New Sales | $233.3M | 61% |
| Pre Owned | $70.4M | 19% |
| Service Parts Other | $68.0M | 18% |
| Finance And Insurance Income | $8.9M | 2% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
