MarineMax, Inc. (HZO) 10-Year Financial Performance & Capital Metrics

HZO •

Consumer CyclicalSpecialty RetailAutomotive Retail and Parts

AboutMarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters yachts and power catamarans. Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts. Additionally, the company operates vacations in Tortola, British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. The company has 79 retail locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin. MarineMax, Inc. was incorporated in 1998 and is based in Clearwater, Florida.Show more

Revenue $2.31B -5.0%
EBITDA $152M -11.8%
Net Income -$32M -183.1%
EPS (Diluted) -1.43 -186.7%
Gross Margin 32.49% -1.4%
EBITDA Margin 6.6% -7.1%
Operating Margin 4.46% -15.4%
Net Margin -1.37% -187.5%
ROE -3.27% -181.8%
ROIC 3.85% -23.9%
Debt/Equity 1.31 +5.0%
Interest Coverage 1.45 -16.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 4.2% through buybacks
✓Trading near 52-week high
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.5%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.88%

5Y8.87%

3Y0.02%

TTM-5.01%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-183.1%

EPS CAGR

10Y-

5Y-

3Y-

TTM-193.94%

ROCE

10Y Avg18.39%

5Y Avg19.11%

3Y Avg10.35%

Latest6.82%

Peer Comparison

Automotive Retail and Parts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GPCGenuine Parts Company	16.59B	119.26	253.74	3.46%	0.27%	1.49%	2.54%	1.86
AAPAdvance Auto Parts, Inc.	3.19B	53.17	72.84	-5.42%	0.51%	2%		2.38
CVNACarvana Co.	25.44B	334.16	39.55	48.63%	3.44%	21.31%	3.5%	0.15
PRTSCarParts.com, Inc.	49.24M	0.71	-1	-12.86%	-9.69%	-84.63%		0.49
HZOMarineMax, Inc.	667M	30.50	-21.33	-5.01%	-1.37%	-3.33%	1.79%	1.31

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	942.05M	1.05B	1.18B	1.24B	1.51B	2.06B	2.31B	2.39B	2.43B	2.31B
Revenue Growth %	25.38%	11.71%	11.88%	5.08%	22.03%	36.67%	11.87%	3.75%	1.52%	-5.01%
Cost of Goods Sold+	716.02M	787M	879.14M	914.32M	1.11B	1.4B	1.5B	1.56B	1.63B	1.56B
COGS % of Revenue	76.01%	74.79%	74.67%	73.91%	73.59%	68.04%	65.09%	65.12%	67.04%	67.51%
Gross Profit+	226.03M	265.31M	298.23M	322.83M	398.71M	659.43M	805.75M	835.33M	801.2M	750.23M
Gross Margin %	23.99%	25.21%	25.33%	26.09%	26.41%	31.96%	34.91%	34.88%	32.96%	32.49%
Gross Profit Growth %	22.33%	17.38%	12.41%	8.25%	23.5%	65.39%	22.19%	3.67%	-4.09%	-6.36%
Operating Expenses+	185.78M	220.03M	235.05M	262.3M	292M	449.97M	540.55M	634.53M	672.97M	647.16M
OpEx % of Revenue	19.72%	20.91%	19.96%	21.2%	19.34%	21.81%	23.42%	26.5%	27.68%	28.02%
Selling, General & Admin	185.78M	217.13M	235.29M	262.3M	292M	449.97M	540.55M	632.15M	676M	647.16M
SG&A % of Revenue	19.72%	20.63%	19.98%	21.2%	19.34%	21.81%	23.42%	26.4%	27.81%	28.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	2.37M	-3.03M	0
Operating Income+	40.25M	45.29M	63.18M	60.53M	106.72M	209.46M	265.2M	200.8M	128.23M	103.07M
Operating Margin %	4.27%	4.3%	5.37%	4.89%	7.07%	10.15%	11.49%	8.39%	5.27%	4.46%
Operating Income Growth %	58.9%	12.51%	39.51%	-4.2%	76.3%	96.28%	26.61%	-24.28%	-36.14%	-19.62%
EBITDA+	48.22M	54.65M	73.86M	72.13M	119.49M	225.06M	284.62M	241.83M	172.71M	152.39M
EBITDA Margin %	5.12%	5.19%	6.27%	5.83%	7.91%	10.91%	12.33%	10.1%	7.1%	6.6%
EBITDA Growth %	45.27%	13.35%	35.14%	-2.34%	65.66%	88.36%	26.46%	-15.03%	-28.58%	-11.77%
D&A (Non-Cash Add-back)	7.96M	9.36M	10.67M	11.6M	12.77M	15.61M	19.42M	41.03M	44.49M	49.32M
EBIT	40.25M	48.19M	62.94M	63.63M	108.42M	209.46M	271M	203.17M	125.2M	34.02M
Net Interest Income+	-5.46M	-7.48M	-9.9M	-11.58M	-9.28M	-3.67M	-3.28M	-53.37M	-73.89M	-71.16M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.46M	7.48M	9.9M	11.58M	9.28M	3.67M	3.28M	53.37M	73.89M	71.16M
Other Income/Expense	-5.46M	-7.48M	-9.9M	-11.58M	-9.28M	-3.67M	-3.28M	-53.37M	-73.89M	-140.21M
Pretax Income+	34.79M	37.81M	53.28M	48.95M	97.44M	205.79M	261.92M	147.44M	54.33M	-37.14M
Pretax Margin %	3.69%	3.59%	4.53%	3.96%	6.45%	9.97%	11.35%	6.16%	2.23%	-1.61%
Income Tax+	12.21M	14.26M	13.97M	12.97M	22.81M	50.81M	63.93M	37.96M	15.59M	-6.38M
Effective Tax Rate %	64.91%	62.28%	73.78%	73.51%	76.59%	75.31%	75.59%	74.12%	70.06%	85.16%
Net Income+	22.58M	23.55M	39.31M	35.98M	74.63M	154.98M	197.99M	109.28M	38.07M	-31.63M
Net Margin %	2.4%	2.24%	3.34%	2.91%	4.94%	7.51%	8.58%	4.56%	1.57%	-1.37%
Net Income Growth %	-53.24%	4.27%	66.95%	-8.46%	107.4%	107.65%	27.75%	-44.8%	-65.17%	-183.1%
Net Income (Continuing)	22.58M	23.55M	39.31M	35.98M	74.63M	154.98M	197.99M	109.48M	38.74M	-30.77M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	2.57M	10.45M	11.56M
EPS (Diluted)+	0.91	0.95	1.71	1.57	3.37	6.78	8.84	4.87	1.65	-1.43
EPS Growth %	-52.6%	4.4%	80%	-8.19%	114.65%	101.19%	30.38%	-44.91%	-66.12%	-186.67%
EPS (Basic)	0.93	0.98	1.77	1.61	3.46	7.04	9.12	5.00	1.71	-1.43
Diluted Shares Outstanding	24.82M	24.68M	23.03M	22.88M	22.13M	22.86M	22.4M	22.43M	23.01M	22.05M
Basic Shares Outstanding	24.2M	23.97M	22.27M	22.29M	21.55M	22.01M	21.71M	21.85M	22.27M	22.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	391.11M	473.76M	465.29M	568.58M	503.33M	517.52M	754M	1.12B	1.27B	1.18B
Cash & Short-Term Investments	38.59M	41.95M	48.82M	38.51M	155.49M	222.19M	228.27M	201.46M	224.33M	170.35M
Cash Only	38.59M	41.95M	48.82M	38.51M	155.49M	222.19M	228.27M	201.46M	224.33M	170.35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	24.58M	24.66M	34M	42.4M	33.89M	47.65M	50.29M	85.78M	106.41M	108.29M
Days Sales Outstanding	9.52	8.55	10.54	12.51	8.19	8.43	7.95	13.07	15.98	17.12
Inventory	321.98M	401.3M	377.07M	477.47M	298M	230.98M	454.36M	812.83M	906.64M	867.33M
Days Inventory Outstanding	164.13	186.12	156.55	190.61	97.9	60.06	110.39	190.26	203.04	203.05
Other Current Assets	5.96M	5.84M	5.39M	0	8.91M	5.7M	0	23.11M	35.84M	34.91M
Total Non-Current Assets+	155.58M	166.23M	175.25M	215.5M	271.99M	490.3M	598.77M	1.3B	1.33B	1.29B
Property, Plant & Equipment	121.35M	127.16M	138.72M	144.3M	179.93M	280.36M	342.85M	666.34M	669.37M	690.46M
Fixed Asset Turnover	7.76x	8.28x	8.49x	8.57x	8.39x	7.36x	6.73x	3.59x	3.63x	3.34x
Goodwill	9.95M	30.3M	27.49M	64.08M	84.24M	195.56M	235.59M	559.82M	592.29M	526.93M
Intangible Assets	0	0	0	0	53K	5.56M	10.89M	39.71M	37.46M	35.42M
Long-Term Investments	-9.95M	-30.3M	-5.72M	-6.37M	0	150K	0	0	0	481K
Other Non-Current Assets	13.15M	30.3M	5.72M	7.13M	7.77M	-23.58M	9.46M	32.26M	32.74M	36.27M
Total Assets+	546.69M	639.99M	640.54M	784.08M	775.32M	1.01B	1.35B	2.42B	2.61B	2.47B
Asset Turnover	1.72x	1.64x	1.84x	1.58x	1.95x	2.05x	1.71x	0.99x	0.93x	0.93x
Asset Growth %	16.91%	17.07%	0.09%	22.41%	-1.12%	29.99%	34.23%	78.99%	7.59%	-5.17%
Total Current Liabilities+	231.88M	334.69M	286.01M	412.89M	272.53M	251.09M	412.77M	847.05M	1.07B	984.88M
Accounts Payable	9.6M	26.43M	23.13M	33.67M	37.34M	25.74M	34.34M	71.71M	54.48M	56.38M
Days Payables Outstanding	4.89	12.26	9.6	13.44	12.27	6.69	8.34	16.78	12.2	13.2
Short-Term Debt	166.55M	254.18M	212.95M	312.06M	144.9M	27.53M	134.91M	570.83M	742.76M	751.27M
Deferred Revenue (Current)	30.13M	21.03M	17.01M	24.3M	31.82M	100.66M	144.43M	81.7M	64.84M	45.7M
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	1.69x	1.42x	1.63x	1.38x	1.85x	2.06x	1.83x	1.33x	1.19x	1.20x
Quick Ratio	0.30x	0.22x	0.31x	0.22x	0.75x	1.14x	0.73x	0.37x	0.34x	0.32x
Cash Conversion Cycle	168.76	182.41	157.49	189.67	93.83	61.79	110	186.55	206.82	206.97
Total Non-Current Liabilities+	2.34M	3.1M	1.43M	2.37M	47.39M	161.84M	157.33M	655.84M	549.68M	536.8M
Long-Term Debt	0	0	0	0	7.34M	47.5M	45.3M	389.23M	355.91M	356.24M
Capital Lease Obligations	0	0	0	0	33.47M	96.96M	89.66M	123.79M	124.53M	127.97M
Deferred Tax Liabilities	0	0	0	1.14M	4.51M	9.27M	15.4M	56.93M	60.32M	47.45M
Other Non-Current Liabilities	2.34M	3.1M	1.43M	1.23M	2.06M	8.12M	6.97M	85.89M	8.93M	5.15M
Total Liabilities	234.22M	337.79M	287.45M	415.26M	319.92M	412.93M	570.11M	1.5B	1.62B	1.52B
Total Debt+	166.55M	254.18M	212.95M	312.06M	192.57M	182.55M	279.56M	1.09B	1.23B	1.25B
Net Debt	127.97M	212.22M	164.13M	273.55M	37.08M	-39.64M	51.28M	892.46M	1.01B	1.08B
Debt / Equity	0.53x	0.84x	0.60x	0.85x	0.42x	0.31x	0.36x	1.19x	1.25x	1.31x
Debt / EBITDA	3.45x	4.65x	2.88x	4.33x	1.61x	0.81x	0.98x	4.52x	7.14x	8.18x
Net Debt / EBITDA	2.65x	3.88x	2.22x	3.79x	0.31x	-0.18x	0.18x	3.69x	5.84x	7.06x
Interest Coverage	7.37x	6.05x	6.38x	5.23x	11.51x	57.15x	80.78x	3.76x	1.74x	1.45x
Total Equity+	312.47M	302.2M	353.09M	368.82M	455.4M	594.89M	782.67M	918.42M	986.25M	948.75M
Equity Growth %	10.16%	-3.29%	16.84%	4.45%	23.47%	30.63%	31.56%	17.34%	7.39%	-3.8%
Book Value per Share	12.59	12.25	15.33	16.12	20.58	26.02	34.94	40.95	42.85	43.02
Total Shareholders' Equity	312.47M	302.2M	353.09M	368.82M	455.4M	594.89M	782.67M	915.84M	975.79M	937.19M
Common Stock	26K	26K	27K	28K	28K	29K	29K	29K	30K	31K
Retained Earnings	103.21M	126.76M	166.07M	202.46M	277.7M	432.68M	630.67M	739.95M	778.01M	746.38M
Treasury Stock	-31.82M	-74.56M	-75.26M	-102.96M	-103.59M	-127.36M	-148.66M	-148.66M	-150.8M	-178.28M
Accumulated OCI	-61M	-69.48M	-72.01M	-669K	829K	648K	-2.81M	1.3M	4.64M	8.23M
Minority Interest	0	0	0	0	0	0	0	2.57M	10.45M	11.56M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	22.86M	4.75M	70.41M	-12.43M	304.68M	373.88M	76.59M	-222.24M	-25.66M	72.81M
Operating CF Margin %	2.43%	0.45%	5.98%	-1%	20.18%	18.12%	3.32%	-9.28%	-1.06%	3.15%
Operating CF Growth %	804.39%	-79.25%	1383.96%	-117.65%	2551.92%	22.71%	-79.51%	-390.14%	88.45%	383.73%
Net Income	22.58M	23.55M	39.31M	35.98M	74.63M	154.98M	197.99M	109.48M	38.07M	-30.77M
Depreciation & Amortization	7.96M	9.36M	10.67M	11.6M	12.77M	15.61M	19.42M	41.03M	44.49M	49.32M
Stock-Based Compensation	4.24M	6.24M	6.24M	6.52M	7.5M	9.75M	16.01M	21.66M	21.66M	19.35M
Deferred Taxes	11.64M	12.31M	5.36M	4.38M	3.16M	4.76M	2.15M	23.06M	3.39M	-12.87M
Other Non-Cash Items	51K	306K	150K	1.43M	1.07M	941K	4.69M	-6.42M	8.26M	45.27M
Working Capital Changes	-23.61M	-47.02M	8.68M	-72.35M	205.55M	187.85M	-163.67M	-411.05M	-141.52M	2.49M
Change in Receivables	-5.44M	266K	-11.28M	-5.07M	2.58M	-627K	-563K	-30.98M	-30.98M	-3.65M
Change in Inventory	-32.42M	-57.11M	26.77M	-84.33M	179.47M	139.83M	-198.02M	-351.75M	-351.75M	35.49M
Change in Payables	-4.28M	16.84M	-3.33M	8.7M	2.89M	-16.13M	7.36M	24.04M	24.04M	1.71M
Cash from Investing+	-29.75M	-32.1M	-23.32M	-56.33M	-30.11M	-161.13M	-140.45M	-576.37M	-81.35M	-55.62M
Capital Expenditures	-12.91M	-14.37M	-13.8M	-17.06M	-12.81M	-26.13M	-58.46M	-65.41M	-65.41M	-60.86M
CapEx % of Revenue	1.37%	1.37%	1.17%	1.38%	0.85%	1.27%	2.53%	2.73%	2.69%	2.64%
Acquisitions	-17.06M	-18.73M	-10.52M	-40.71M	-19.77M	-134.21M	-83.2M	-516.79M	-21.5M	-10.48M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	228K	994K	1.01M	1.44M	2.46M	1.1M	703K	6.18M	8.05M	16.21M
Cash from Financing+	12.86M	30.72M	-40.23M	58.63M	-158.13M	-145.74M	73.06M	770.4M	128.51M	-71.98M
Debt Issued (Net)	15.77M	70.82M	0	85.58M	-160.28M	-118.68M	104.9M	779.44M	136.23M	9M
Equity Issued (Net)	-1000K	-1000K	1000K	-1000K	-631K	-1000K	-1000K	1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-5.53M	-42.74M	-1.21M	-27.71M	-631K	-23.77M	-21.29M	0	-2.14M	-27.48M
Other Financing	2.7M	3.01M	-47.22M	2.28M	2.78M	-3.29M	-5.9M	-11.38M	-5.58M	-56.09M
Net Change in Cash	5.97M	3.37M	6.87M	-10.31M	116.98M	66.7M	6.08M	-26.82M	22.87M	-53.98M
Free Cash Flow+	9.95M	-9.62M	56.61M	-29.49M	291.87M	347.76M	18.14M	-287.64M	-86.08M	11.94M
FCF Margin %	1.06%	-0.91%	4.81%	-2.38%	19.33%	16.85%	0.79%	-12.01%	-3.54%	0.52%
FCF Growth %	237.85%	-196.7%	688.34%	-152.09%	1089.82%	19.15%	-94.78%	-1685.77%	70.07%	113.87%
FCF per Share	0.40	-0.39	2.46	-1.29	13.19	15.21	0.81	-12.82	-3.74	0.54
FCF Conversion (FCF/Net Income)	1.01x	0.20x	1.79x	-0.35x	4.08x	2.41x	0.39x	-2.03x	-0.67x	-2.30x
Interest Paid	6M	8.48M	12.02M	13.67M	13.08M	4.45M	2.59M	51.97M	0	77.42M
Taxes Paid	855K	457K	9.42M	9.15M	18.93M	53.36M	64.84M	30.03M	9.83M	9.2M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	7.58%	7.66%	12%	9.97%	18.11%	29.51%	28.74%	12.85%	4%	-3.27%
Return on Invested Capital (ROIC)	7.29%	7.11%	9.19%	7.83%	14.11%	29.99%	28.64%	11.39%	5.05%	3.85%
Gross Margin	23.99%	25.21%	25.33%	26.09%	26.41%	31.96%	34.91%	34.88%	32.96%	32.49%
Net Margin	2.4%	2.24%	3.34%	2.91%	4.94%	7.51%	8.58%	4.56%	1.57%	-1.37%
Debt / Equity	0.53x	0.84x	0.60x	0.85x	0.42x	0.31x	0.36x	1.19x	1.25x	1.31x
Interest Coverage	7.37x	6.05x	6.38x	5.23x	11.51x	57.15x	80.78x	3.76x	1.74x	1.45x
FCF Conversion	1.01x	0.20x	1.79x	-0.35x	4.08x	2.41x	0.39x	-2.03x	-0.67x	-2.30x
Revenue Growth	25.38%	11.71%	11.88%	5.08%	22.03%	36.67%	11.87%	3.75%	1.52%	-5.01%

US Stock Screener

...

MarineMax, Inc. (HZO) 10-Year Financial Performance & Capital Metrics

HZO •

Consumer CyclicalSpecialty RetailAutomotive Retail and Parts

Revenue $2.31B -5.0%
EBITDA $152M -11.8%
Net Income -$32M -183.1%
EPS (Diluted) -1.43 -186.7%
Gross Margin 32.49% -1.4%
EBITDA Margin 6.6% -7.1%
Operating Margin 4.46% -15.4%
Net Margin -1.37% -187.5%
ROE -3.27% -181.8%
ROIC 3.85% -23.9%
Debt/Equity 1.31 +5.0%
Interest Coverage 1.45 -16.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 4.2% through buybacks
✓Trading near 52-week high
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.5%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.88%

5Y8.87%

3Y0.02%

TTM-5.01%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-183.1%

EPS CAGR

10Y-

5Y-

3Y-

TTM-193.94%

ROCE

10Y Avg18.39%

5Y Avg19.11%

3Y Avg10.35%

Latest6.82%

Peer Comparison

Automotive Retail and Parts

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GPCGenuine Parts Company	16.59B	119.26	253.74	3.46%	0.27%	1.49%	2.54%	1.86
AAPAdvance Auto Parts, Inc.	3.19B	53.17	72.84	-5.42%	0.51%	2%		2.38
CVNACarvana Co.	25.44B	334.16	39.55	48.63%	3.44%	21.31%	3.5%	0.15
PRTSCarParts.com, Inc.	49.24M	0.71	-1	-12.86%	-9.69%	-84.63%		0.49
HZOMarineMax, Inc.	667M	30.50	-21.33	-5.01%	-1.37%	-3.33%	1.79%	1.31

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	942.05M	1.05B	1.18B	1.24B	1.51B	2.06B	2.31B	2.39B	2.43B	2.31B
Revenue Growth %	25.38%	11.71%	11.88%	5.08%	22.03%	36.67%	11.87%	3.75%	1.52%	-5.01%
Cost of Goods Sold+	716.02M	787M	879.14M	914.32M	1.11B	1.4B	1.5B	1.56B	1.63B	1.56B
COGS % of Revenue	76.01%	74.79%	74.67%	73.91%	73.59%	68.04%	65.09%	65.12%	67.04%	67.51%
Gross Profit+	226.03M	265.31M	298.23M	322.83M	398.71M	659.43M	805.75M	835.33M	801.2M	750.23M
Gross Margin %	23.99%	25.21%	25.33%	26.09%	26.41%	31.96%	34.91%	34.88%	32.96%	32.49%
Gross Profit Growth %	22.33%	17.38%	12.41%	8.25%	23.5%	65.39%	22.19%	3.67%	-4.09%	-6.36%
Operating Expenses+	185.78M	220.03M	235.05M	262.3M	292M	449.97M	540.55M	634.53M	672.97M	647.16M
OpEx % of Revenue	19.72%	20.91%	19.96%	21.2%	19.34%	21.81%	23.42%	26.5%	27.68%	28.02%
Selling, General & Admin	185.78M	217.13M	235.29M	262.3M	292M	449.97M	540.55M	632.15M	676M	647.16M
SG&A % of Revenue	19.72%	20.63%	19.98%	21.2%	19.34%	21.81%	23.42%	26.4%	27.81%	28.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	2.37M	-3.03M	0
Operating Income+	40.25M	45.29M	63.18M	60.53M	106.72M	209.46M	265.2M	200.8M	128.23M	103.07M
Operating Margin %	4.27%	4.3%	5.37%	4.89%	7.07%	10.15%	11.49%	8.39%	5.27%	4.46%
Operating Income Growth %	58.9%	12.51%	39.51%	-4.2%	76.3%	96.28%	26.61%	-24.28%	-36.14%	-19.62%
EBITDA+	48.22M	54.65M	73.86M	72.13M	119.49M	225.06M	284.62M	241.83M	172.71M	152.39M
EBITDA Margin %	5.12%	5.19%	6.27%	5.83%	7.91%	10.91%	12.33%	10.1%	7.1%	6.6%
EBITDA Growth %	45.27%	13.35%	35.14%	-2.34%	65.66%	88.36%	26.46%	-15.03%	-28.58%	-11.77%
D&A (Non-Cash Add-back)	7.96M	9.36M	10.67M	11.6M	12.77M	15.61M	19.42M	41.03M	44.49M	49.32M
EBIT	40.25M	48.19M	62.94M	63.63M	108.42M	209.46M	271M	203.17M	125.2M	34.02M
Net Interest Income+	-5.46M	-7.48M	-9.9M	-11.58M	-9.28M	-3.67M	-3.28M	-53.37M	-73.89M	-71.16M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.46M	7.48M	9.9M	11.58M	9.28M	3.67M	3.28M	53.37M	73.89M	71.16M
Other Income/Expense	-5.46M	-7.48M	-9.9M	-11.58M	-9.28M	-3.67M	-3.28M	-53.37M	-73.89M	-140.21M
Pretax Income+	34.79M	37.81M	53.28M	48.95M	97.44M	205.79M	261.92M	147.44M	54.33M	-37.14M
Pretax Margin %	3.69%	3.59%	4.53%	3.96%	6.45%	9.97%	11.35%	6.16%	2.23%	-1.61%
Income Tax+	12.21M	14.26M	13.97M	12.97M	22.81M	50.81M	63.93M	37.96M	15.59M	-6.38M
Effective Tax Rate %	64.91%	62.28%	73.78%	73.51%	76.59%	75.31%	75.59%	74.12%	70.06%	85.16%
Net Income+	22.58M	23.55M	39.31M	35.98M	74.63M	154.98M	197.99M	109.28M	38.07M	-31.63M
Net Margin %	2.4%	2.24%	3.34%	2.91%	4.94%	7.51%	8.58%	4.56%	1.57%	-1.37%
Net Income Growth %	-53.24%	4.27%	66.95%	-8.46%	107.4%	107.65%	27.75%	-44.8%	-65.17%	-183.1%
Net Income (Continuing)	22.58M	23.55M	39.31M	35.98M	74.63M	154.98M	197.99M	109.48M	38.74M	-30.77M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	2.57M	10.45M	11.56M
EPS (Diluted)+	0.91	0.95	1.71	1.57	3.37	6.78	8.84	4.87	1.65	-1.43
EPS Growth %	-52.6%	4.4%	80%	-8.19%	114.65%	101.19%	30.38%	-44.91%	-66.12%	-186.67%
EPS (Basic)	0.93	0.98	1.77	1.61	3.46	7.04	9.12	5.00	1.71	-1.43
Diluted Shares Outstanding	24.82M	24.68M	23.03M	22.88M	22.13M	22.86M	22.4M	22.43M	23.01M	22.05M
Basic Shares Outstanding	24.2M	23.97M	22.27M	22.29M	21.55M	22.01M	21.71M	21.85M	22.27M	22.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	391.11M	473.76M	465.29M	568.58M	503.33M	517.52M	754M	1.12B	1.27B	1.18B
Cash & Short-Term Investments	38.59M	41.95M	48.82M	38.51M	155.49M	222.19M	228.27M	201.46M	224.33M	170.35M
Cash Only	38.59M	41.95M	48.82M	38.51M	155.49M	222.19M	228.27M	201.46M	224.33M	170.35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	24.58M	24.66M	34M	42.4M	33.89M	47.65M	50.29M	85.78M	106.41M	108.29M
Days Sales Outstanding	9.52	8.55	10.54	12.51	8.19	8.43	7.95	13.07	15.98	17.12
Inventory	321.98M	401.3M	377.07M	477.47M	298M	230.98M	454.36M	812.83M	906.64M	867.33M
Days Inventory Outstanding	164.13	186.12	156.55	190.61	97.9	60.06	110.39	190.26	203.04	203.05
Other Current Assets	5.96M	5.84M	5.39M	0	8.91M	5.7M	0	23.11M	35.84M	34.91M
Total Non-Current Assets+	155.58M	166.23M	175.25M	215.5M	271.99M	490.3M	598.77M	1.3B	1.33B	1.29B
Property, Plant & Equipment	121.35M	127.16M	138.72M	144.3M	179.93M	280.36M	342.85M	666.34M	669.37M	690.46M
Fixed Asset Turnover	7.76x	8.28x	8.49x	8.57x	8.39x	7.36x	6.73x	3.59x	3.63x	3.34x
Goodwill	9.95M	30.3M	27.49M	64.08M	84.24M	195.56M	235.59M	559.82M	592.29M	526.93M
Intangible Assets	0	0	0	0	53K	5.56M	10.89M	39.71M	37.46M	35.42M
Long-Term Investments	-9.95M	-30.3M	-5.72M	-6.37M	0	150K	0	0	0	481K
Other Non-Current Assets	13.15M	30.3M	5.72M	7.13M	7.77M	-23.58M	9.46M	32.26M	32.74M	36.27M
Total Assets+	546.69M	639.99M	640.54M	784.08M	775.32M	1.01B	1.35B	2.42B	2.61B	2.47B
Asset Turnover	1.72x	1.64x	1.84x	1.58x	1.95x	2.05x	1.71x	0.99x	0.93x	0.93x
Asset Growth %	16.91%	17.07%	0.09%	22.41%	-1.12%	29.99%	34.23%	78.99%	7.59%	-5.17%
Total Current Liabilities+	231.88M	334.69M	286.01M	412.89M	272.53M	251.09M	412.77M	847.05M	1.07B	984.88M
Accounts Payable	9.6M	26.43M	23.13M	33.67M	37.34M	25.74M	34.34M	71.71M	54.48M	56.38M
Days Payables Outstanding	4.89	12.26	9.6	13.44	12.27	6.69	8.34	16.78	12.2	13.2
Short-Term Debt	166.55M	254.18M	212.95M	312.06M	144.9M	27.53M	134.91M	570.83M	742.76M	751.27M
Deferred Revenue (Current)	30.13M	21.03M	17.01M	24.3M	31.82M	100.66M	144.43M	81.7M	64.84M	45.7M
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	1.69x	1.42x	1.63x	1.38x	1.85x	2.06x	1.83x	1.33x	1.19x	1.20x
Quick Ratio	0.30x	0.22x	0.31x	0.22x	0.75x	1.14x	0.73x	0.37x	0.34x	0.32x
Cash Conversion Cycle	168.76	182.41	157.49	189.67	93.83	61.79	110	186.55	206.82	206.97
Total Non-Current Liabilities+	2.34M	3.1M	1.43M	2.37M	47.39M	161.84M	157.33M	655.84M	549.68M	536.8M
Long-Term Debt	0	0	0	0	7.34M	47.5M	45.3M	389.23M	355.91M	356.24M
Capital Lease Obligations	0	0	0	0	33.47M	96.96M	89.66M	123.79M	124.53M	127.97M
Deferred Tax Liabilities	0	0	0	1.14M	4.51M	9.27M	15.4M	56.93M	60.32M	47.45M
Other Non-Current Liabilities	2.34M	3.1M	1.43M	1.23M	2.06M	8.12M	6.97M	85.89M	8.93M	5.15M
Total Liabilities	234.22M	337.79M	287.45M	415.26M	319.92M	412.93M	570.11M	1.5B	1.62B	1.52B
Total Debt+	166.55M	254.18M	212.95M	312.06M	192.57M	182.55M	279.56M	1.09B	1.23B	1.25B
Net Debt	127.97M	212.22M	164.13M	273.55M	37.08M	-39.64M	51.28M	892.46M	1.01B	1.08B
Debt / Equity	0.53x	0.84x	0.60x	0.85x	0.42x	0.31x	0.36x	1.19x	1.25x	1.31x
Debt / EBITDA	3.45x	4.65x	2.88x	4.33x	1.61x	0.81x	0.98x	4.52x	7.14x	8.18x
Net Debt / EBITDA	2.65x	3.88x	2.22x	3.79x	0.31x	-0.18x	0.18x	3.69x	5.84x	7.06x
Interest Coverage	7.37x	6.05x	6.38x	5.23x	11.51x	57.15x	80.78x	3.76x	1.74x	1.45x
Total Equity+	312.47M	302.2M	353.09M	368.82M	455.4M	594.89M	782.67M	918.42M	986.25M	948.75M
Equity Growth %	10.16%	-3.29%	16.84%	4.45%	23.47%	30.63%	31.56%	17.34%	7.39%	-3.8%
Book Value per Share	12.59	12.25	15.33	16.12	20.58	26.02	34.94	40.95	42.85	43.02
Total Shareholders' Equity	312.47M	302.2M	353.09M	368.82M	455.4M	594.89M	782.67M	915.84M	975.79M	937.19M
Common Stock	26K	26K	27K	28K	28K	29K	29K	29K	30K	31K
Retained Earnings	103.21M	126.76M	166.07M	202.46M	277.7M	432.68M	630.67M	739.95M	778.01M	746.38M
Treasury Stock	-31.82M	-74.56M	-75.26M	-102.96M	-103.59M	-127.36M	-148.66M	-148.66M	-150.8M	-178.28M
Accumulated OCI	-61M	-69.48M	-72.01M	-669K	829K	648K	-2.81M	1.3M	4.64M	8.23M
Minority Interest	0	0	0	0	0	0	0	2.57M	10.45M	11.56M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	22.86M	4.75M	70.41M	-12.43M	304.68M	373.88M	76.59M	-222.24M	-25.66M	72.81M
Operating CF Margin %	2.43%	0.45%	5.98%	-1%	20.18%	18.12%	3.32%	-9.28%	-1.06%	3.15%
Operating CF Growth %	804.39%	-79.25%	1383.96%	-117.65%	2551.92%	22.71%	-79.51%	-390.14%	88.45%	383.73%
Net Income	22.58M	23.55M	39.31M	35.98M	74.63M	154.98M	197.99M	109.48M	38.07M	-30.77M
Depreciation & Amortization	7.96M	9.36M	10.67M	11.6M	12.77M	15.61M	19.42M	41.03M	44.49M	49.32M
Stock-Based Compensation	4.24M	6.24M	6.24M	6.52M	7.5M	9.75M	16.01M	21.66M	21.66M	19.35M
Deferred Taxes	11.64M	12.31M	5.36M	4.38M	3.16M	4.76M	2.15M	23.06M	3.39M	-12.87M
Other Non-Cash Items	51K	306K	150K	1.43M	1.07M	941K	4.69M	-6.42M	8.26M	45.27M
Working Capital Changes	-23.61M	-47.02M	8.68M	-72.35M	205.55M	187.85M	-163.67M	-411.05M	-141.52M	2.49M
Change in Receivables	-5.44M	266K	-11.28M	-5.07M	2.58M	-627K	-563K	-30.98M	-30.98M	-3.65M
Change in Inventory	-32.42M	-57.11M	26.77M	-84.33M	179.47M	139.83M	-198.02M	-351.75M	-351.75M	35.49M
Change in Payables	-4.28M	16.84M	-3.33M	8.7M	2.89M	-16.13M	7.36M	24.04M	24.04M	1.71M
Cash from Investing+	-29.75M	-32.1M	-23.32M	-56.33M	-30.11M	-161.13M	-140.45M	-576.37M	-81.35M	-55.62M
Capital Expenditures	-12.91M	-14.37M	-13.8M	-17.06M	-12.81M	-26.13M	-58.46M	-65.41M	-65.41M	-60.86M
CapEx % of Revenue	1.37%	1.37%	1.17%	1.38%	0.85%	1.27%	2.53%	2.73%	2.69%	2.64%
Acquisitions	-17.06M	-18.73M	-10.52M	-40.71M	-19.77M	-134.21M	-83.2M	-516.79M	-21.5M	-10.48M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	228K	994K	1.01M	1.44M	2.46M	1.1M	703K	6.18M	8.05M	16.21M
Cash from Financing+	12.86M	30.72M	-40.23M	58.63M	-158.13M	-145.74M	73.06M	770.4M	128.51M	-71.98M
Debt Issued (Net)	15.77M	70.82M	0	85.58M	-160.28M	-118.68M	104.9M	779.44M	136.23M	9M
Equity Issued (Net)	-1000K	-1000K	1000K	-1000K	-631K	-1000K	-1000K	1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-5.53M	-42.74M	-1.21M	-27.71M	-631K	-23.77M	-21.29M	0	-2.14M	-27.48M
Other Financing	2.7M	3.01M	-47.22M	2.28M	2.78M	-3.29M	-5.9M	-11.38M	-5.58M	-56.09M
Net Change in Cash	5.97M	3.37M	6.87M	-10.31M	116.98M	66.7M	6.08M	-26.82M	22.87M	-53.98M
Free Cash Flow+	9.95M	-9.62M	56.61M	-29.49M	291.87M	347.76M	18.14M	-287.64M	-86.08M	11.94M
FCF Margin %	1.06%	-0.91%	4.81%	-2.38%	19.33%	16.85%	0.79%	-12.01%	-3.54%	0.52%
FCF Growth %	237.85%	-196.7%	688.34%	-152.09%	1089.82%	19.15%	-94.78%	-1685.77%	70.07%	113.87%
FCF per Share	0.40	-0.39	2.46	-1.29	13.19	15.21	0.81	-12.82	-3.74	0.54
FCF Conversion (FCF/Net Income)	1.01x	0.20x	1.79x	-0.35x	4.08x	2.41x	0.39x	-2.03x	-0.67x	-2.30x
Interest Paid	6M	8.48M	12.02M	13.67M	13.08M	4.45M	2.59M	51.97M	0	77.42M
Taxes Paid	855K	457K	9.42M	9.15M	18.93M	53.36M	64.84M	30.03M	9.83M	9.2M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	7.58%	7.66%	12%	9.97%	18.11%	29.51%	28.74%	12.85%	4%	-3.27%
Return on Invested Capital (ROIC)	7.29%	7.11%	9.19%	7.83%	14.11%	29.99%	28.64%	11.39%	5.05%	3.85%
Gross Margin	23.99%	25.21%	25.33%	26.09%	26.41%	31.96%	34.91%	34.88%	32.96%	32.49%
Net Margin	2.4%	2.24%	3.34%	2.91%	4.94%	7.51%	8.58%	4.56%	1.57%	-1.37%
Debt / Equity	0.53x	0.84x	0.60x	0.85x	0.42x	0.31x	0.36x	1.19x	1.25x	1.31x
Interest Coverage	7.37x	6.05x	6.38x	5.23x	11.51x	57.15x	80.78x	3.76x	1.74x	1.45x
FCF Conversion	1.01x	0.20x	1.79x	-0.35x	4.08x	2.41x	0.39x	-2.03x	-0.67x	-2.30x
Revenue Growth	25.38%	11.71%	11.88%	5.08%	22.03%	36.67%	11.87%	3.75%	1.52%	-5.01%

MarineMax, Inc. (HZO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare HZO vs Peers

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Profit & Loss

Balance Sheet

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Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

MarineMax, Inc. (HZO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare HZO vs Peers

vs CVNA

vs GPC

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios