MarineMax (HZO) Financials

$21.83 +0.60 (+2.83%)

Closing price 03:59 PM Eastern

Extended Trading

$21.86 +0.03 (+0.12%)

As of 06:08 PM Eastern

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

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About MarineMax's Financials

When does MarineMax's financial year end?

According to the most recent income statement we have on file, MarineMax's fiscal year ends in September. Their fiscal 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%.

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This page (NYSE:HZO) was last updated on 5/27/2025 by MarketBeat.com Staff

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MarineMax (HZO) Financials

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MarineMax (HZO) Financials

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