Malibu Boats Inc Class A

MBUU: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Malibu: Competition and Fragmentation Within the Boat Industry Inhibited the Formation of a Moat

Jaime M Katz

Nov 11, 2025

Malibu's sales have declined by more than 40% over the last two fiscal years, resulting in significant EBITDA pressure, with the adjusted margin dropping to 9% from 21%. Competitive and macroeconomic pressures have limited the firm's ability to ship units at normalized levels.

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Malibu Boats Inc Class A

Malibu: Competition and Fragmentation Within the Boat Industry Inhibited the Formation of a Moat

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