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MarineMax (HZO) Financials

MarineMax logo
$21.95 -0.79 (-3.47%)
Closing price 03:59 PM Eastern
Extended Trading
$21.94 -0.01 (-0.03%)
As of 06:19 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for MarineMax

Annual Income Statements for MarineMax

This table shows MarineMax's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 9/30/2022 9/30/2023 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders
198 109 38
Consolidated Net Income / (Loss)
198 109 39
Net Income / (Loss) Continuing Operations
198 109 39
Total Pre-Tax Income
262 147 54
Total Operating Income
265 201 128
Total Gross Profit
806 835 801
Total Revenue
2,308 2,395 2,431
Operating Revenue
2,308 2,395 2,431
Total Cost of Revenue
1,502 1,559 1,630
Operating Cost of Revenue
1,502 1,559 1,630
Total Operating Expenses
541 635 673
Selling, General & Admin Expense
541 635 673
Total Other Income / (Expense), net
-3.28 -53 -74
Interest Expense
3.28 53 74
Income Tax Expense
64 38 16
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 0.20 0.67
Basic Earnings per Share
$9.12 $5.00 $1.71
Weighted Average Basic Shares Outstanding
21.71M 21.85M 22.27M
Diluted Earnings per Share
$8.84 $4.87 $1.65
Weighted Average Diluted Shares Outstanding
22.40M 22.43M 23.01M
Weighted Average Basic & Diluted Shares Outstanding
21.72M 22.17M 22.59M

Quarterly Income Statements for MarineMax

This table shows MarineMax's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders
38 20 30 44 15 0.93 1.59 32 4.00 18 3.30
Consolidated Net Income / (Loss)
38 20 30 44 15 0.85 1.45 32 4.73 18 3.16
Net Income / (Loss) Continuing Operations
38 20 30 44 15 0.85 1.45 32 4.73 18 3.16
Total Pre-Tax Income
50 27 42 60 19 0.63 2.03 43 8.87 20 4.56
Total Operating Income
51 37 55 75 34 19 21 61 27 39 23
Total Gross Profit
197 187 201 244 204 175 190 242 193 170 190
Total Revenue
537 508 570 722 595 527 583 758 563 468 632
Operating Revenue
537 508 570 722 595 527 583 758 563 468 632
Total Cost of Revenue
340 321 369 478 391 352 392 516 370 299 442
Operating Cost of Revenue
340 321 369 478 391 352 392 516 370 299 442
Total Operating Expenses
146 150 146 169 169 156 169 181 166 131 167
Selling, General & Admin Expense
146 150 146 169 169 156 169 181 166 131 167
Total Other Income / (Expense), net
-0.98 -9.48 -13 -15 -16 -18 -19 -18 -18 -19 -18
Interest Expense
0.98 9.48 13 15 16 18 19 18 18 19 18
Income Tax Expense
12 7.03 12 15 3.27 -0.21 0.58 11 4.14 2.10 1.40
Net Income / (Loss) Attributable to Noncontrolling Interest
- 0.30 -0.11 -0.09 0.10 -0.09 -0.14 0.16 0.73 0.06 -0.14
Basic Earnings per Share
$1.77 $0.91 $1.37 $2.03 $0.69 $0.04 $0.07 $1.42 $0.18 $0.80 $0.15
Weighted Average Basic Shares Outstanding
21.71M 21.76M 21.85M 21.89M 21.85M 22.20M 22.30M 22.27M 22.27M 22.62M 22.62M
Diluted Earnings per Share
$1.71 $0.89 $1.35 $1.98 $0.65 $0.04 $0.07 $1.37 $0.17 $0.77 $0.14
Weighted Average Diluted Shares Outstanding
22.40M 22.22M 22.31M 22.43M 22.43M 22.81M 23.00M 23.05M 23.01M 23.39M 23.32M
Weighted Average Basic & Diluted Shares Outstanding
21.72M 21.85M 21.85M 21.91M 22.17M 22.30M 22.30M 22.32M 22.59M 22.71M 21.47M

Annual Cash Flow Statements for MarineMax

This table details how cash moves in and out of MarineMax's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 9/30/2022 9/30/2023 9/30/2024
Net Change in Cash & Equivalents
6.08 -27 23
Net Cash From Operating Activities
77 -222 -26
Net Cash From Continuing Operating Activities
77 -222 -26
Net Income / (Loss) Continuing Operations
198 109 39
Consolidated Net Income / (Loss)
198 109 39
Depreciation Expense
19 41 44
Non-Cash Adjustments To Reconcile Net Income
21 15 29
Changes in Operating Assets and Liabilities, net
-162 -388 -138
Net Cash From Investing Activities
-140 -576 -81
Net Cash From Continuing Investing Activities
-140 -576 -81
Purchase of Property, Plant & Equipment
-58 -65 -60
Acquisitions
-83 -517 -22
Purchase of Investments
-1.75 -2.49 0.00
Sale of Property, Plant & Equipment
0.70 2.74 0.45
Sale and/or Maturity of Investments
2.25 2.14 0.00
Other Investing Activities, net
0.00 3.44 0.58
Net Cash From Financing Activities
73 770 129
Net Cash From Continuing Financing Activities
73 770 129
Repayment of Debt
102 -25 -34
Repurchase of Common Equity
-21 0.00 -2.14
Issuance of Debt
0.00 805 170
Issuance of Common Equity
2.20 2.35 2.64
Other Financing Activities, net
-9.59 -11 -8.23
Effect of Exchange Rate Changes
-3.13 1.38 1.37
Cash Interest Paid
2.59 52 79
Cash Income Taxes Paid
65 30 9.83

Quarterly Cash Flow Statements for MarineMax

This table details how cash moves in and out of MarineMax's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents
-53 -51 27 22 -25 8.87 6.36 26 -18 -79 58
Net Cash From Operating Activities
-46 -156 -94 54 -25 -89 -22 86 -0.78 -146 72
Net Cash From Continuing Operating Activities
-46 -156 -94 54 -25 -89 -22 86 -0.78 -146 72
Net Income / (Loss) Continuing Operations
38 20 30 44 15 0.85 1.45 32 4.73 18 3.16
Consolidated Net Income / (Loss)
38 20 30 44 15 0.85 1.45 32 4.73 18 3.16
Depreciation Expense
5.17 9.12 8.85 9.42 14 11 11 11 11 12 12
Non-Cash Adjustments To Reconcile Net Income
9.74 4.96 0.40 5.46 4.42 5.12 7.18 4.91 12 11 5.72
Changes in Operating Assets and Liabilities, net
-100 -190 -133 -5.62 -59 -106 -42 38 -29 -186 51
Net Cash From Investing Activities
-27 -498 -26 -40 -12 -17 -33 -15 -17 -6.46 -19
Net Cash From Continuing Investing Activities
-27 -498 -26 -40 -12 -17 -33 -15 -17 -6.46 -19
Purchase of Property, Plant & Equipment
-15 -10 -15 -23 -17 -13 -15 -15 -17 -18 -13
Acquisitions
-12 -488 -10 -17 -0.88 -4.36 -18 - - 0.00 -10
Sale of Property, Plant & Equipment
0.39 0.03 0.07 0.07 2.58 0.01 0.07 0.20 0.17 5.68 2.86
Other Investing Activities, net
- 0.18 - 2.25 1.02 0.38 0.11 0.04 0.05 6.17 1.00
Net Cash From Financing Activities
22 603 146 7.92 14 114 61 -45 -1.62 75 4.74
Net Cash From Continuing Financing Activities
22 603 146 7.92 14 114 61 -45 -1.62 75 4.74
Repayment of Debt
104 -0.64 -8.10 -8.10 -8.43 -8.44 -8.44 -8.44 -8.44 -8.44 -8.64
Issuance of Debt
-80 609 157 15 23 128 70 -36 7.81 86 27
Other Financing Activities, net
-2.00 -6.96 -3.00 -0.45 -0.98 -6.45 -0.38 -0.40 -1.00 -4.52 -0.73
Cash Interest Paid
0.80 1.83 12 22 17 18 21 21 19 19 20
Cash Income Taxes Paid
25 2.19 22 2.72 2.97 0.84 5.11 2.14 1.73 1.37 2.12

Annual Balance Sheets for MarineMax

This table presents MarineMax's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 9/30/2022 9/30/2023 9/30/2024
Total Assets
1,353 2,421 2,605
Total Current Assets
754 1,123 1,273
Cash & Equivalents
228 201 224
Accounts Receivable
50 86 106
Inventories, net
454 813 907
Prepaid Expenses
21 23 36
Plant, Property, & Equipment, net
246 528 533
Total Noncurrent Assets
353 771 799
Goodwill
236 560 592
Intangible Assets
11 40 37
Other Noncurrent Operating Assets
106 171 169
Total Liabilities & Shareholders' Equity
1,353 2,421 2,605
Total Liabilities
570 1,503 1,619
Total Current Liabilities
413 847 1,069
Short-Term Debt
135 571 743
Accounts Payable
34 72 54
Accrued Expenses
89 113 197
Current Deferred Revenue
144 82 65
Other Current Liabilities
9.69 10 9.76
Total Noncurrent Liabilities
157 656 550
Long-Term Debt
45 389 356
Noncurrent Deferred & Payable Income Tax Liabilities
15 57 60
Other Noncurrent Operating Liabilities
97 210 133
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
783 918 986
Total Preferred & Common Equity
783 916 976
Preferred Stock
0.00 0.00 0.00
Total Common Equity
783 916 976
Common Stock
303 323 344
Retained Earnings
631 740 778
Treasury Stock
-149 -149 -151
Accumulated Other Comprehensive Income / (Loss)
-2.81 1.30 4.64
Noncontrolling Interest
0.00 2.57 10

Quarterly Balance Sheets for MarineMax

This table presents MarineMax's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 12/31/2022 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025
Total Assets
1,320 2,113 2,325 2,380 2,527 2,631 2,594 2,634 2,673
Total Current Assets
736 873 1,054 1,085 1,206 1,293 1,261 1,298 1,324
Cash & Equivalents
281 178 204 226 210 217 242 145 204
Accounts Receivable
62 69 117 95 95 122 105 83 119
Inventories, net
374 605 711 739 876 933 880 1,035 973
Prepaid Expenses
19 22 22 25 25 22 33 35 27
Plant, Property, & Equipment, net
327 502 499 522 532 536 534 536 547
Total Noncurrent Assets
257 738 771 774 788 802 799 800 803
Goodwill
248 528 559 562 576 590 590 588 591
Intangible Assets
- 39 42 41 39 39 38 38 38
Other Noncurrent Operating Assets
9.10 172 170 170 173 172 170 174 174
Total Liabilities & Shareholders' Equity
1,320 2,113 2,325 2,380 2,527 2,631 2,594 2,634 2,673
Total Liabilities
577 1,298 1,473 1,478 1,592 1,691 1,617 1,631 1,670
Total Current Liabilities
413 649 813 820 940 1,046 1,054 1,091 1,139
Short-Term Debt
110 374 531 546 699 770 735 829 855
Accounts Payable
57 43 45 47 44 61 46 36 45
Accrued Expenses
97 102 114 119 112 124 197 164 172
Current Deferred Revenue
- 120 114 98 75 79 67 53 57
Other Current Liabilities
149 10 9.98 9.97 10 10 10 10 10
Total Noncurrent Liabilities
165 649 660 658 652 645 562 540 530
Long-Term Debt
46 415 407 399 381 373 364 347 339
Noncurrent Deferred & Payable Income Tax Liabilities
18 38 48 54 58 58 59 54 55
Other Noncurrent Operating Liabilities
8.35 196 205 204 213 214 139 138 136
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
743 815 851 902 935 940 977 1,003 1,003
Total Preferred & Common Equity
743 812 849 900 925 931 968 993 993
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
743 812 849 900 925 931 968 993 993
Common Stock
300 309 314 320 329 335 342 350 355
Retained Earnings
592 650 680 725 741 742 774 796 799
Treasury Stock
-149 -149 -149 -149 -149 -149 -151 -151 -163
Accumulated Other Comprehensive Income / (Loss)
-1.35 2.01 3.01 3.25 3.89 2.53 2.08 -1.99 1.80
Noncontrolling Interest
- 2.71 2.63 2.55 9.47 9.15 9.38 9.74 9.93

Annual Metrics and Ratios for MarineMax

This table displays calculated financial ratios and metrics derived from MarineMax's official financial filings.

Metric 2022 2023 2024
Period end date 9/30/2022 9/30/2023 9/30/2024
Growth Metrics
- - -
Revenue Growth
11.87% 3.75% 1.52%
EBITDA Growth
26.46% -15.03% -28.58%
EBIT Growth
26.61% -24.28% -36.14%
NOPAT Growth
27.09% -25.62% -38.68%
Net Income Growth
27.75% -44.71% -64.62%
EPS Growth
30.38% -44.91% -66.12%
Operating Cash Flow Growth
-79.51% -390.14% 88.45%
Free Cash Flow Firm Growth
-153.28% -818.16% 88.38%
Invested Capital Growth
64.07% 128.29% 10.95%
Revenue Q/Q Growth
3.33% 2.47% -1.28%
EBITDA Q/Q Growth
3.03% -3.25% -5.35%
EBIT Q/Q Growth
2.80% -7.64% -5.54%
NOPAT Q/Q Growth
2.97% -7.49% -12.51%
Net Income Q/Q Growth
2.88% -17.44% -21.34%
EPS Q/Q Growth
2.91% -17.88% -22.54%
Operating Cash Flow Q/Q Growth
-54.22% 8.69% 48.86%
Free Cash Flow Firm Q/Q Growth
2.23% -5.71% 14.06%
Invested Capital Q/Q Growth
3.43% 3.40% 1.47%
Profitability Metrics
- - -
Gross Margin
34.91% 34.88% 32.96%
EBITDA Margin
12.33% 10.10% 7.10%
Operating Margin
11.49% 8.39% 5.27%
EBIT Margin
11.49% 8.39% 5.27%
Profit (Net Income) Margin
8.58% 4.57% 1.59%
Tax Burden Percent
75.59% 74.26% 71.30%
Interest Burden Percent
98.76% 73.42% 42.37%
Effective Tax Rate
24.41% 25.74% 28.70%
Return on Invested Capital (ROIC)
33.91% 12.37% 5.17%
ROIC Less NNEP Spread (ROIC-NNEP)
36.45% 1.21% -1.28%
Return on Net Nonoperating Assets (RNNOA)
-5.17% 0.51% -1.10%
Return on Equity (ROE)
28.74% 12.87% 4.07%
Cash Return on Invested Capital (CROIC)
-14.62% -65.79% -5.21%
Operating Return on Assets (OROA)
22.47% 10.64% 5.10%
Return on Assets (ROA)
16.77% 5.80% 1.54%
Return on Common Equity (ROCE)
28.74% 12.85% 4.04%
Return on Equity Simple (ROE_SIMPLE)
25.30% 11.95% 3.97%
Net Operating Profit after Tax (NOPAT)
200 149 91
NOPAT Margin
8.69% 6.23% 3.76%
Net Nonoperating Expense Percent (NNEP)
-2.54% 11.15% 6.45%
Cost of Revenue to Revenue
65.09% 65.12% 67.04%
SG&A Expenses to Revenue
23.42% 26.50% 27.68%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
23.42% 26.50% 27.68%
Earnings before Interest and Taxes (EBIT)
265 201 128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
285 242 173
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.82 0.79 0.81
Price to Tangible Book Value (P/TBV)
1.20 2.27 2.27
Price to Revenue (P/Rev)
0.28 0.30 0.32
Price to Earnings (P/E)
3.24 6.58 20.68
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
30.86% 15.20% 4.84%
Enterprise Value to Invested Capital (EV/IC)
0.81 0.88 0.90
Enterprise Value to Revenue (EV/Rev)
0.26 0.62 0.69
Enterprise Value to EBITDA (EV/EBITDA)
2.09 6.12 9.68
Enterprise Value to EBIT (EV/EBIT)
2.24 7.37 13.04
Enterprise Value to NOPAT (EV/NOPAT)
2.96 9.93 18.29
Enterprise Value to Operating Cash Flow (EV/OCF)
7.75 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.23 1.05 1.11
Long-Term Debt to Equity
0.06 0.42 0.36
Financial Leverage
-0.14 0.42 0.86
Leverage Ratio
1.71 2.22 2.64
Compound Leverage Factor
1.69 1.63 1.12
Debt to Total Capital
18.72% 51.11% 52.70%
Short-Term Debt to Total Capital
14.01% 30.39% 35.63%
Long-Term Debt to Total Capital
4.70% 20.72% 17.07%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.14% 0.50%
Common Equity to Total Capital
81.28% 48.75% 46.80%
Debt to EBITDA
0.63 3.97 6.36
Net Debt to EBITDA
-0.17 3.14 5.06
Long-Term Debt to EBITDA
0.16 1.61 2.06
Debt to NOPAT
0.90 6.44 12.02
Net Debt to NOPAT
-0.24 5.09 9.56
Long-Term Debt to NOPAT
0.23 2.61 3.89
Altman Z-Score
3.98 2.11 1.90
Noncontrolling Interest Sharing Ratio
0.00% 0.15% 0.68%
Liquidity Ratios
- - -
Current Ratio
1.83 1.33 1.19
Quick Ratio
0.67 0.34 0.31
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-86 -793 -92
Operating Cash Flow to CapEx
132.63% -354.62% -42.79%
Free Cash Flow to Firm to Interest Expense
-26.32 -14.87 -1.25
Operating Cash Flow to Interest Expense
23.33 -4.16 -0.35
Operating Cash Flow Less CapEx to Interest Expense
5.74 -5.34 -1.16
Efficiency Ratios
- - -
Asset Turnover
1.96 1.27 0.97
Accounts Receivable Turnover
47.13 35.20 25.30
Inventory Turnover
4.38 2.46 1.90
Fixed Asset Turnover
10.95 6.19 4.59
Accounts Payable Turnover
50.01 29.41 25.83
Days Sales Outstanding (DSO)
7.74 10.37 14.43
Days Inventory Outstanding (DIO)
83.25 148.30 192.54
Days Payable Outstanding (DPO)
7.30 12.41 14.13
Cash Conversion Cycle (CCC)
83.70 146.26 192.84
Capital & Investment Metrics
- - -
Invested Capital
735 1,677 1,861
Invested Capital Turnover
3.90 1.99 1.37
Increase / (Decrease) in Invested Capital
287 942 184
Enterprise Value (EV)
593 1,480 1,672
Market Capitalization
642 719 787
Book Value per Share
$36.35 $41.80 $43.72
Tangible Book Value per Share
$24.90 $14.44 $15.51
Total Capital
963 1,878 2,085
Total Debt
180 960 1,099
Total Long-Term Debt
45 389 356
Net Debt
-48 759 874
Capital Expenditures (CapEx)
58 63 60
Debt-free, Cash-free Net Working Capital (DFCFNWC)
248 645 723
Debt-free Net Working Capital (DFNWC)
476 847 947
Net Working Capital (NWC)
341 276 204
Net Nonoperating Expense (NNE)
2.48 40 53
Net Nonoperating Obligations (NNO)
-48 759 874
Total Depreciation and Amortization (D&A)
19 41 44
Debt-free, Cash-free Net Working Capital to Revenue
10.74% 26.96% 29.72%
Debt-free Net Working Capital to Revenue
20.63% 35.37% 38.95%
Net Working Capital to Revenue
14.78% 11.53% 8.39%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$9.12 $5.00 $1.71
Adjusted Weighted Average Basic Shares Outstanding
21.71M 21.85M 22.27M
Adjusted Diluted Earnings per Share
$8.84 $4.87 $1.65
Adjusted Weighted Average Diluted Shares Outstanding
22.40M 22.43M 23.01M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
21.72M 22.17M 22.59M
Normalized Net Operating Profit after Tax (NOPAT)
200 149 91
Normalized NOPAT Margin
8.69% 6.23% 3.76%
Pre Tax Income Margin
11.35% 6.16% 2.23%
Debt Service Ratios
- - -
EBIT to Interest Expense
80.78 3.76 1.74
NOPAT to Interest Expense
61.06 2.79 1.24
EBIT Less CapEx to Interest Expense
63.19 2.59 0.92
NOPAT Less CapEx to Interest Expense
43.47 1.62 0.43
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
10.75% 0.00% 5.53%

Quarterly Metrics and Ratios for MarineMax

This table displays calculated financial ratios and metrics derived from MarineMax's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
16.10% 7.45% -6.52% 4.84% 10.77% 3.81% 2.20% 4.97% -5.29% -11.15% 8.34%
EBITDA Growth
17.52% -11.76% -16.10% -16.21% -14.49% -34.39% -49.63% -14.03% -20.35% 68.95% 8.12%
EBIT Growth
16.53% -22.67% -22.82% -21.74% -32.61% -47.95% -61.37% -18.17% -21.91% 105.13% 6.26%
NOPAT Growth
17.35% -25.89% -27.11% -22.03% -27.78% -6.23% -61.13% -18.23% -49.41% 37.90% 3.03%
Net Income Growth
16.86% -44.39% -44.07% -36.84% -60.27% -95.77% -95.16% -28.46% -68.95% 2,044.85% 118.22%
EPS Growth
17.12% -44.03% -43.04% -37.54% -61.99% -95.51% -94.81% -30.81% -73.85% 1,825.00% 100.00%
Operating Cash Flow Growth
-204.91% -2,034.57% -216.31% 57.88% 45.53% 43.00% 76.56% 61.06% 96.91% -63.96% 428.24%
Free Cash Flow Firm Growth
-756.26% -2,536.21% -2,318.97% -303.67% -268.98% 56.93% 72.91% 80.56% 81.48% 44.49% 58.03%
Invested Capital Growth
64.07% 145.58% 181.56% 128.35% 128.29% 26.49% 17.76% 13.05% 10.95% 12.78% 6.83%
Revenue Q/Q Growth
-22.04% -5.37% 12.29% 26.56% -17.63% -11.32% 10.55% 29.99% -25.68% -16.81% 34.81%
EBITDA Q/Q Growth
-44.05% -18.66% 40.86% 30.72% -42.91% -37.59% 8.14% 123.13% -47.11% 32.38% -30.80%
EBIT Q/Q Growth
-46.57% -28.32% 51.79% 34.61% -53.99% -44.64% 12.64% 185.16% -56.09% 45.42% -41.65%
NOPAT Q/Q Growth
-44.85% -30.97% 45.75% 40.51% -48.91% -10.37% -39.58% 195.59% -68.40% 144.36% -54.86%
Net Income Q/Q Growth
-45.34% -47.90% 49.72% 48.14% -65.62% -94.46% 71.48% 2,088.61% -85.08% 283.09% -82.55%
EPS Q/Q Growth
-46.06% -47.95% 51.69% 46.67% -67.17% -93.85% 75.00% 1,857.14% -87.59% 352.94% -81.82%
Operating Cash Flow Q/Q Growth
-236.83% -236.54% 39.71% 156.87% -147.21% -252.18% 75.21% 490.75% -100.91% -18,580.43% 149.63%
Free Cash Flow Firm Q/Q Growth
-16.79% -230.31% -20.11% 12.88% -6.75% 61.45% 24.45% 37.47% -1.67% -15.58% 42.88%
Invested Capital Q/Q Growth
3.43% 94.13% 11.17% 2.31% 3.40% 7.56% 3.49% -1.78% 1.47% 9.34% -1.97%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
36.66% 36.80% 35.23% 33.78% 34.26% 33.28% 32.67% 31.95% 34.31% 36.22% 30.01%
EBITDA Margin
10.45% 8.98% 11.27% 11.64% 8.07% 5.68% 5.55% 9.53% 6.78% 10.79% 5.54%
Operating Margin
9.49% 7.19% 9.71% 10.33% 5.77% 3.60% 3.67% 8.05% 4.76% 8.32% 3.60%
EBIT Margin
9.49% 7.19% 9.71% 10.33% 5.77% 3.60% 3.67% 8.05% 4.76% 8.32% 3.60%
Profit (Net Income) Margin
7.15% 3.94% 5.25% 6.14% 2.56% 0.16% 0.25% 4.19% 0.84% 3.87% 0.50%
Tax Burden Percent
76.82% 73.98% 71.04% 74.15% 82.32% 133.28% 71.49% 74.10% 53.33% 89.60% 69.31%
Interest Burden Percent
98.07% 74.02% 76.03% 80.16% 53.94% 3.34% 9.47% 70.13% 33.11% 51.90% 20.06%
Effective Tax Rate
23.18% 26.02% 28.96% 25.85% 17.68% -33.28% 28.52% 25.90% 46.67% 10.40% 30.69%
Return on Invested Capital (ROIC)
28.45% 12.42% 14.80% 15.35% 9.44% 7.18% 3.69% 8.51% 3.49% 9.21% 3.13%
ROIC Less NNEP Spread (ROIC-NNEP)
29.23% 9.90% 11.77% 12.16% 5.77% 3.87% 2.02% 6.79% 2.32% 7.45% 1.82%
Return on Net Nonoperating Assets (RNNOA)
-4.14% 3.82% 4.81% 5.08% 2.41% 3.28% 1.87% 5.70% 1.99% 7.30% 1.79%
Return on Equity (ROE)
24.31% 16.24% 19.60% 20.43% 11.85% 10.46% 5.56% 14.20% 5.47% 16.52% 4.92%
Cash Return on Invested Capital (CROIC)
-14.62% -65.20% -78.70% -64.36% -65.79% -14.92% -9.70% -6.21% -5.21% -6.16% -0.76%
Operating Return on Assets (OROA)
18.55% 10.24% 12.68% 13.05% 7.32% 3.75% 3.60% 7.97% 4.60% 7.65% 3.29%
Return on Assets (ROA)
13.98% 5.61% 6.85% 7.76% 3.25% 0.17% 0.24% 4.14% 0.81% 3.56% 0.46%
Return on Common Equity (ROCE)
24.31% 16.20% 19.57% 20.40% 11.83% 10.38% 5.53% 14.11% 5.44% 16.35% 4.87%
Return on Equity Simple (ROE_SIMPLE)
0.00% 22.41% 18.67% 14.74% 0.00% 9.77% 6.64% 5.09% 0.00% 5.64% 5.81%
Net Operating Profit after Tax (NOPAT)
39 27 39 55 28 25 15 45 14 35 16
NOPAT Margin
7.29% 5.32% 6.90% 7.66% 4.75% 4.80% 2.62% 5.97% 2.54% 7.45% 2.50%
Net Nonoperating Expense Percent (NNEP)
-0.77% 2.51% 3.03% 3.19% 3.66% 3.31% 1.67% 1.71% 1.17% 1.77% 1.31%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - 1.26% - - - 1.60% 0.72%
Cost of Revenue to Revenue
63.34% 63.20% 64.77% 66.22% 65.74% 66.72% 67.33% 68.05% 65.69% 63.78% 69.99%
SG&A Expenses to Revenue
27.17% 29.61% 25.51% 23.44% 28.49% 29.68% 29.00% 23.90% 29.55% 27.90% 26.41%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
27.17% 29.61% 25.51% 23.44% 28.49% 29.68% 29.00% 23.90% 29.55% 27.90% 26.41%
Earnings before Interest and Taxes (EBIT)
51 37 55 75 34 19 21 61 27 39 23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
56 46 64 84 48 30 32 72 38 51 35
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.82 0.83 0.74 0.83 0.79 0.92 0.80 0.75 0.81 0.66 0.49
Price to Tangible Book Value (P/TBV)
1.20 2.76 2.53 2.52 2.27 2.75 2.46 2.13 2.27 1.78 1.34
Price to Revenue (P/Rev)
0.28 0.29 0.27 0.32 0.30 0.35 0.31 0.29 0.32 0.28 0.20
Price to Earnings (P/E)
3.24 3.73 3.97 5.63 6.58 9.42 11.95 14.67 20.68 11.85 8.58
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
30.86% 26.80% 25.19% 17.75% 15.20% 10.62% 8.37% 6.82% 4.84% 8.44% 11.66%
Enterprise Value to Invested Capital (EV/IC)
0.81 0.91 0.86 0.91 0.88 0.96 0.90 0.87 0.90 0.83 0.75
Enterprise Value to Revenue (EV/Rev)
0.26 0.55 0.59 0.63 0.62 0.72 0.69 0.64 0.69 0.71 0.62
Enterprise Value to EBITDA (EV/EBITDA)
2.09 4.64 5.13 5.88 6.12 7.65 8.63 8.70 9.68 8.77 7.60
Enterprise Value to EBIT (EV/EBIT)
2.24 5.08 5.73 6.76 7.37 9.44 11.23 11.70 13.04 11.44 9.96
Enterprise Value to NOPAT (EV/NOPAT)
2.96 6.76 7.72 9.11 9.93 12.66 14.70 15.20 18.29 15.09 13.19
Enterprise Value to Operating Cash Flow (EV/OCF)
7.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 124.73
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.23 0.97 1.10 1.05 1.05 1.16 1.22 1.13 1.11 1.17 1.19
Long-Term Debt to Equity
0.06 0.51 0.48 0.44 0.42 0.41 0.40 0.37 0.36 0.35 0.34
Financial Leverage
-0.14 0.39 0.41 0.42 0.42 0.85 0.93 0.84 0.86 0.98 0.99
Leverage Ratio
1.71 2.27 2.31 2.25 2.22 2.65 2.77 2.65 2.64 2.66 2.73
Compound Leverage Factor
1.68 1.68 1.76 1.80 1.20 0.09 0.26 1.86 0.87 1.38 0.55
Debt to Total Capital
18.72% 49.19% 52.43% 51.17% 51.11% 53.60% 54.86% 52.94% 52.70% 53.97% 54.35%
Short-Term Debt to Total Capital
14.01% 23.30% 29.67% 29.57% 30.39% 34.69% 36.98% 35.40% 35.63% 38.03% 38.92%
Long-Term Debt to Total Capital
4.70% 25.89% 22.76% 21.60% 20.72% 18.91% 17.88% 17.54% 17.07% 15.94% 15.43%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.17% 0.15% 0.14% 0.14% 0.47% 0.44% 0.45% 0.50% 0.45% 0.45%
Common Equity to Total Capital
81.28% 50.64% 47.42% 48.69% 48.75% 45.93% 44.70% 46.61% 46.80% 45.58% 45.20%
Debt to EBITDA
0.63 2.83 3.53 3.78 3.97 4.77 5.88 6.02 6.36 6.08 6.10
Net Debt to EBITDA
-0.17 2.19 2.76 2.88 3.14 3.84 4.77 4.69 5.06 5.33 5.06
Long-Term Debt to EBITDA
0.16 1.49 1.53 1.60 1.61 1.68 1.92 2.00 2.06 1.80 1.73
Debt to NOPAT
0.90 4.13 5.31 5.87 6.44 7.89 10.02 10.52 12.02 10.47 10.58
Net Debt to NOPAT
-0.24 3.20 4.15 4.46 5.09 6.35 8.12 8.20 9.56 9.18 8.78
Long-Term Debt to NOPAT
0.23 2.17 2.30 2.48 2.61 2.79 3.27 3.48 3.89 3.09 3.00
Altman Z-Score
3.46 2.04 1.86 1.95 1.89 1.84 1.72 1.81 1.77 1.71 1.61
Noncontrolling Interest Sharing Ratio
0.00% 0.19% 0.17% 0.15% 0.15% 0.70% 0.66% 0.63% 0.68% 0.99% 0.98%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.83 1.35 1.30 1.32 1.33 1.28 1.24 1.20 1.19 1.19 1.16
Quick Ratio
0.67 0.38 0.40 0.39 0.34 0.32 0.32 0.33 0.31 0.21 0.28
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-248 -818 -983 -856 -914 -352 -266 -166 -169 -196 -112
Operating Cash Flow to CapEx
-310.08% -1,501.09% -611.83% 235.11% -179.88% -668.88% -146.19% 576.44% -4.72% -1,156.44% 739.55%
Free Cash Flow to Firm to Interest Expense
-251.79 -86.29 -74.01 -57.87 -57.84 -19.19 -13.74 -9.13 -9.44 -10.44 -6.15
Operating Cash Flow to Interest Expense
-47.20 -16.48 -7.10 3.62 -1.60 -4.85 -1.14 4.73 -0.04 -7.79 3.99
Operating Cash Flow Less CapEx to Interest Expense
-62.42 -17.58 -8.26 2.08 -2.49 -5.58 -1.92 3.91 -0.97 -8.47 3.45
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.96 1.43 1.31 1.26 1.27 1.04 0.98 0.99 0.97 0.92 0.91
Accounts Receivable Turnover
47.13 43.40 25.71 29.79 35.20 29.60 20.34 24.59 25.30 26.67 20.08
Inventory Turnover
4.38 3.26 2.85 2.71 2.46 2.15 1.96 2.04 1.90 1.65 1.71
Fixed Asset Turnover
10.95 6.52 6.40 5.51 6.19 4.67 4.69 4.67 4.59 4.44 4.47
Accounts Payable Turnover
50.01 42.99 35.96 29.08 29.41 36.42 30.46 35.58 25.83 39.67 30.71
Days Sales Outstanding (DSO)
7.74 8.41 14.20 12.25 10.37 12.33 17.94 14.84 14.43 13.68 18.18
Days Inventory Outstanding (DIO)
83.25 111.91 128.15 134.69 148.30 170.04 185.98 179.05 192.54 221.23 213.88
Days Payable Outstanding (DPO)
7.30 8.49 10.15 12.55 12.41 10.02 11.98 10.26 14.13 9.20 11.88
Cash Conversion Cycle (CCC)
83.70 111.83 132.20 134.39 146.26 172.35 191.93 183.63 192.84 225.71 220.18
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
735 1,426 1,585 1,622 1,677 1,804 1,867 1,834 1,861 2,034 1,994
Invested Capital Turnover
3.90 2.34 2.14 2.00 1.99 1.49 1.41 1.43 1.37 1.24 1.25
Increase / (Decrease) in Invested Capital
287 845 1,022 912 942 378 282 212 184 231 128
Enterprise Value (EV)
593 1,292 1,365 1,469 1,480 1,731 1,677 1,588 1,672 1,695 1,489
Market Capitalization
642 678 628 747 719 852 742 722 787 654 488
Book Value per Share
$36.35 $37.40 $38.83 $41.17 $41.80 $41.68 $41.76 $43.39 $43.72 $43.97 $43.75
Tangible Book Value per Share
$24.90 $11.31 $11.34 $13.57 $14.44 $13.98 $13.53 $15.21 $15.51 $16.24 $16.06
Total Capital
963 1,604 1,790 1,848 1,878 2,014 2,084 2,076 2,085 2,179 2,198
Total Debt
180 789 938 946 960 1,080 1,143 1,099 1,099 1,176 1,195
Total Long-Term Debt
45 415 407 399 389 381 373 364 356 347 339
Net Debt
-48 611 734 720 759 869 926 857 874 1,031 991
Capital Expenditures (CapEx)
15 10 15 23 14 13 15 15 17 13 9.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)
248 420 568 585 645 754 801 699 723 891 836
Debt-free Net Working Capital (DFNWC)
476 598 772 812 847 965 1,018 942 947 1,036 1,040
Net Working Capital (NWC)
341 224 241 265 276 266 247 207 204 207 184
Net Nonoperating Expense (NNE)
0.76 7.02 9.43 11 13 24 14 14 9.56 17 13
Net Nonoperating Obligations (NNO)
-48 611 734 720 759 869 926 857 874 1,031 991
Total Depreciation and Amortization (D&A)
5.17 9.12 8.85 9.42 14 11 11 11 11 12 12
Debt-free, Cash-free Net Working Capital to Revenue
10.74% 17.93% 24.64% 25.05% 26.96% 31.25% 33.01% 28.40% 29.72% 37.56% 34.54%
Debt-free Net Working Capital to Revenue
20.63% 25.51% 33.51% 34.73% 35.37% 39.96% 41.94% 38.24% 38.95% 43.67% 42.95%
Net Working Capital to Revenue
14.78% 9.57% 10.46% 11.35% 11.53% 11.02% 10.19% 8.40% 8.39% 8.73% 7.61%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.77 $0.91 $1.37 $2.03 $0.69 $0.04 $0.07 $1.42 $0.18 $0.80 $0.15
Adjusted Weighted Average Basic Shares Outstanding
21.71M 21.76M 21.85M 21.89M 21.85M 22.20M 22.30M 22.27M 22.27M 22.62M 22.62M
Adjusted Diluted Earnings per Share
$1.71 $0.89 $1.35 $1.98 $0.65 $0.04 $0.07 $1.37 $0.17 $0.77 $0.14
Adjusted Weighted Average Diluted Shares Outstanding
22.40M 22.22M 22.31M 22.43M 22.43M 22.81M 23.00M 23.05M 23.01M 23.39M 23.32M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
21.72M 21.85M 21.85M 21.91M 22.17M 22.30M 22.30M 22.32M 22.59M 22.71M 21.47M
Normalized Net Operating Profit after Tax (NOPAT)
39 27 39 55 28 13 15 45 14 35 16
Normalized NOPAT Margin
7.29% 5.32% 6.90% 7.66% 4.75% 2.52% 2.62% 5.97% 2.54% 7.45% 2.50%
Pre Tax Income Margin
9.30% 5.32% 7.39% 8.28% 3.11% 0.12% 0.35% 5.65% 1.58% 4.32% 0.72%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
51.75 3.85 4.17 5.04 2.17 1.03 1.10 3.35 1.49 2.08 1.25
NOPAT to Interest Expense
39.75 2.85 2.96 3.74 1.79 1.38 0.79 2.48 0.80 1.86 0.87
EBIT Less CapEx to Interest Expense
36.53 2.75 3.01 3.50 1.28 0.31 0.32 2.53 0.57 1.41 0.71
NOPAT Less CapEx to Interest Expense
24.53 1.75 1.80 2.20 0.90 0.65 0.01 1.66 -0.13 1.19 0.33
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
10.75% 11.70% 3.17% 0.00% 0.00% 0.00% 0.00% 4.35% 5.53% 0.00% 25.24%

Frequently Asked Questions About MarineMax's Financials

When does MarineMax's fiscal year end?

According to the most recent income statement we have on file, MarineMax's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has MarineMax's net income changed over the last 2 years?

MarineMax's net income appears to be on a downward trend, with a most recent value of $38.74 million in 2024, falling from $197.99 million in 2022. The previous period was $109.48 million in 2023. Find out what analysts predict for MarineMax in the coming months.

What is MarineMax's operating income?
MarineMax's total operating income in 2024 was $128.23 million, based on the following breakdown:
  • Total Gross Profit: $801.20 million
  • Total Operating Expenses: $672.97 million
How has MarineMax revenue changed over the last 2 years?

Over the last 2 years, MarineMax's total revenue changed from $2.31 billion in 2022 to $2.43 billion in 2024, a change of 5.3%.

How much debt does MarineMax have?

MarineMax's total liabilities were at $1.62 billion at the end of 2024, a 7.7% increase from 2023, and a 184.0% increase since 2022.

How much cash does MarineMax have?

In the past 2 years, MarineMax's cash and equivalents has ranged from $201.46 million in 2023 to $228.27 million in 2022, and is currently $224.33 million as of their latest financial filing in 2024.

How has MarineMax's book value per share changed over the last 2 years?

Over the last 2 years, MarineMax's book value per share changed from 36.35 in 2022 to 43.72 in 2024, a change of 20.3%.



This page (NYSE:HZO) was last updated on 5/5/2025 by MarketBeat.com Staff
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