MCFTMasterCraft Boat Holdings, Inc.
Is the business good?
The checks split: nothing decisive, though margins compressing.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Efficiency-driven, thin margins turned over fast (the retail model). ROE 6% = margin × turnover × leverage.
All from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MCFT?
MasterCraft Boat Holdings, Inc. earns −0.26% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 9.3 points below what the capital costs: growth destroys value
- Operating margin
- −0.32%
Operating margin · Recreational Vehicles median 0.34% · 12 months to Q4 2026
- Gross margin
- 23%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 17% |
| FY2022 | 18% |
| FY2023 | 20% |
| FY2024 | 8.5% |
| FY2025 | 4.0% |
| FY2026 | −0.32% |
Details›
- Gross margin12 months to Q4 2026
- 23%
- Operating margin12 months to Q4 2026
- −0.32%
- Net margin12 months to Q4 2026
- −0.48%
- Free cash flow margin
- 6.4%
- Revenue, trailing twelve months
- $349M
- Free cash flow, trailing twelve months
- $22M
- Net income, trailing twelve months
- −$1.7M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −0.26%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.