MarineMax (HZO) Financials

$32.74 -0.28 (-0.86%)

Closing price 05/18/2026 03:59 PM Eastern

Extended Trading

$32.37 -0.37 (-1.12%)

As of 07:10 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	48	23	24	39	36	75	155	198	109	38	-32
Consolidated Net Income / (Loss)	48	23	24	39	36	75	155	198	109	39	-31
Net Income / (Loss) Continuing Operations	48	23	24	39	36	75	155	198	109	39	-31
Total Pre-Tax Income	21	35	38	53	49	97	206	262	147	54	-37
Total Operating Income	25	40	45	63	61	107	209	265	201	128	34
Total Gross Profit	185	226	265	298	323	399	659	806	835	801	750
Total Revenue	751	942	1,052	1,177	1,237	1,510	2,063	2,308	2,395	2,431	2,309
Operating Revenue	751	942	1,052	1,177	1,237	1,510	2,063	2,308	2,395	2,431	2,309
Total Cost of Revenue	567	716	787	879	914	1,111	1,404	1,502	1,559	1,630	1,559
Operating Cost of Revenue	567	716	787	879	914	1,111	1,404	1,502	1,559	1,630	1,559
Total Operating Expenses	159	186	220	235	262	292	450	541	635	673	716
Selling, General & Admin Expense	159	186	220	235	262	292	450	541	635	673	647
Impairment Charge	-	-	-	-	-	-	-	-	0.00	0.00	69
Total Other Income / (Expense), net	-4.45	-5.46	-7.48	-9.90	-12	-9.28	-3.67	-3.28	-53	-74	-71
Interest Expense	4.45	5.46	7.48	9.90	12	9.28	3.67	3.28	53	74	71
Income Tax Expense	-27	12	14	14	13	23	51	64	38	16	-6.38
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	0.00	0.20	0.67	0.87
Basic Earnings per Share	$1.97	$0.93	$0.98	$1.77	$1.61	$3.46	$7.04	$9.12	$5.00	$1.71	($1.43)
Weighted Average Basic Shares Outstanding	24.47M	24.20M	23.97M	22.27M	22.29M	21.55M	22.01M	21.71M	21.85M	22.27M	22.05M
Diluted Earnings per Share	$1.92	$0.91	$0.95	$1.71	$1.57	$3.37	$6.78	$8.84	$4.87	$1.65	($1.43)
Weighted Average Diluted Shares Outstanding	25.10M	24.82M	24.68M	23.03M	22.88M	22.13M	22.86M	22.40M	22.43M	23.01M	22.05M
Weighted Average Basic & Diluted Shares Outstanding	24.50M	24.30M	24M	22.20M	21.45M	21.55M	21.86M	21.72M	22.17M	22.59M	21.87M

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	15	0.93	1.59	32	4.00	18	3.30	-52	-0.85	-7.93	-2.60
Consolidated Net Income / (Loss)	15	0.85	1.45	32	4.73	18	3.16	-52	-0.08	-8.10	-2.72
Net Income / (Loss) Continuing Operations	15	0.85	1.45	32	4.73	18	3.16	-52	-0.08	-8.10	-2.72
Total Pre-Tax Income	19	0.63	2.03	43	8.87	20	4.56	-58	-3.45	-11	-3.82
Total Operating Income	34	19	21	61	27	39	23	-42	14	4.92	11
Total Gross Profit	204	175	190	242	193	170	190	200	191	160	181
Total Revenue	595	527	583	758	563	468	632	657	552	505	527
Operating Revenue	595	527	583	758	563	468	632	657	552	505	527
Total Cost of Revenue	391	352	392	516	370	299	442	458	361	345	346
Operating Cost of Revenue	391	352	392	516	370	299	442	458	361	345	346
Total Operating Expenses	169	156	169	181	166	131	167	241	178	156	170
Selling, General & Admin Expense	169	156	169	181	166	131	167	172	178	156	170
Total Other Income / (Expense), net	-16	-18	-19	-18	-18	-19	-18	-17	-17	-16	-15
Interest Expense	16	18	19	18	18	19	18	17	17	16	15
Income Tax Expense	3.27	-0.21	0.58	11	4.14	2.10	1.40	-6.51	-3.37	-2.84	-1.11
Net Income / (Loss) Attributable to Noncontrolling Interest	0.10	-0.09	-0.14	0.16	0.73	0.06	-0.14	0.18	0.77	-0.17	-0.12
Basic Earnings per Share	$0.69	$0.04	$0.07	$1.42	$0.18	$0.80	$0.15	($2.42)	$0.04	($0.36)	($0.12)
Weighted Average Basic Shares Outstanding	21.85M	22.20M	22.30M	22.27M	22.27M	22.62M	22.62M	21.52M	22.05M	21.94M	22.03M
Diluted Earnings per Share	$0.65	$0.04	$0.07	$1.37	$0.17	$0.77	$0.14	($2.42)	$0.08	($0.36)	($0.12)
Weighted Average Diluted Shares Outstanding	22.43M	22.81M	23.00M	23.05M	23.01M	23.39M	23.32M	21.52M	22.05M	21.94M	22.03M
Weighted Average Basic & Diluted Shares Outstanding	22.17M	22.30M	22.30M	22.32M	22.59M	22.71M	21.47M	21.46M	21.87M	22.03M	22.03M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	4.77	5.97	3.37	6.87	-10	117	67	6.08	-27	23	-54
Net Cash From Operating Activities	3.07	23	4.75	70	-12	305	374	77	-222	-26	73
Net Cash From Continuing Operating Activities	3.07	23	4.75	70	-12	305	374	77	-222	-26	73
Net Income / (Loss) Continuing Operations	48	23	24	39	36	75	155	198	109	39	-31
Consolidated Net Income / (Loss)	48	23	24	39	36	75	155	198	109	39	-31
Depreciation Expense	7.86	7.96	9.36	11	12	13	16	19	41	44	49
Non-Cash Adjustments To Reconcile Net Income	1.17	4.29	-2.80	7.83	7.96	8.57	15	21	15	29	93
Changes in Operating Assets and Liabilities, net	-54	-12	-25	13	-68	209	188	-162	-388	-138	-39
Net Cash From Investing Activities	-3.75	-30	-32	-23	-56	-30	-161	-140	-576	-81	-56
Net Cash From Continuing Investing Activities	-3.75	-30	-32	-23	-56	-30	-161	-140	-576	-81	-56
Purchase of Property, Plant & Equipment	-9.75	-13	-14	-14	-17	-13	-26	-58	-65	-60	-61
Acquisitions	-	-17	-19	-11	-41	-20	-134	-83	-517	-22	-10
Purchase of Investments	-	-	-	-	0.00	0.00	-2.25	-1.75	-2.49	0.00	-0.49
Sale of Property, Plant & Equipment	6.00	0.23	0.99	0.19	0.98	2.46	0.35	0.70	2.74	0.45	11
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	0.00	2.25	2.14	0.00	0.00
Other Investing Activities, net	-	-	-	0.82	0.46	0.00	1.10	0.00	3.44	0.58	5.39
Net Cash From Financing Activities	5.45	13	31	-40	59	-158	-146	73	770	129	-72
Net Cash From Continuing Financing Activities	5.45	13	31	-40	59	-158	-146	73	770	129	-72
Repayment of Debt	-	-	-	-43	0.00	-168	-3.49	102	-25	-34	-34
Repurchase of Common Equity	-10	-5.53	-43	-0.70	-28	-0.63	-24	-21	0.00	-2.14	-27
Issuance of Debt	13	16	71	0.00	86	7.44	-116	0.00	805	170	43
Issuance of Common Equity	3.72	2.70	3.16	7.68	2.41	4.63	2.63	2.20	2.35	2.64	2.59
Other Financing Activities, net	-0.54	-0.08	-0.52	-3.83	-1.65	-1.85	-4.84	-9.59	-11	-8.23	-56
Effect of Exchange Rate Changes	-	-	-	-	-	0.55	-	-3.13	1.38	-	0.83
Cash Interest Paid	4.52	6.00	8.48	12	14	13	4.45	2.59	52	79	77
Cash Income Taxes Paid	0.09	0.86	0.46	9.42	9.15	19	53	65	30	9.83	9.20

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-25	8.87	6.36	26	-18	-79	58	-52	19	-5.75	25
Net Cash From Operating Activities	-25	-89	-22	86	-0.78	-146	72	85	61	17	55
Net Cash From Continuing Operating Activities	-25	-89	-22	86	-0.78	-146	72	85	61	17	55
Net Income / (Loss) Continuing Operations	15	0.85	1.45	32	4.73	18	3.16	-52	-0.08	-8.10	-2.72
Consolidated Net Income / (Loss)	15	0.85	1.45	32	4.73	18	3.16	-52	-0.08	-8.10	-2.72
Depreciation Expense	14	11	11	11	11	12	12	13	13	13	13
Non-Cash Adjustments To Reconcile Net Income	4.42	5.12	7.18	4.91	12	11	5.72	73	3.14	-0.65	2.36
Changes in Operating Assets and Liabilities, net	-59	-106	-42	38	-29	-186	51	51	45	13	43
Net Cash From Investing Activities	-12	-17	-33	-15	-17	-6.46	-19	-16	-14	2.56	-8.85
Net Cash From Continuing Investing Activities	-12	-17	-33	-15	-17	-6.46	-19	-16	-14	2.56	-8.85
Purchase of Property, Plant & Equipment	-17	-13	-15	-15	-17	-18	-13	-16	-13	-8.54	-11
Sale of Property, Plant & Equipment	2.58	0.01	0.07	0.20	0.17	5.68	2.86	2.17	0.12	11	0.90
Other Investing Activities, net	1.02	0.38	0.11	0.04	0.05	6.17	1.00	-2.05	0.26	0.09	1.22
Net Cash From Financing Activities	14	114	61	-45	-1.62	75	4.74	-123	-29	-25	-22
Net Cash From Continuing Financing Activities	14	114	61	-45	-1.62	75	4.74	-123	-29	-25	-22
Repayment of Debt	-8.43	-8.44	-8.44	-8.44	-8.44	-8.44	-8.64	-8.25	-8.90	-8.93	-8.91
Issuance of Debt	23	128	70	-36	7.81	86	27	-50	-20	-13	-13
Other Net Changes in Cash	-	-	-	-	-	-1.47	-	-	-	-0.02	-0.34
Cash Interest Paid	17	18	21	21	19	19	20	19	19	17	16

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	468	547	640	641	784	775	1,008	1,353	2,421	2,605	2,470
Total Current Assets	336	391	474	465	569	503	518	754	1,123	1,273	1,181
Cash & Equivalents	33	39	42	49	39	155	222	228	201	224	170
Accounts Receivable	18	25	25	34	42	40	48	50	86	106	108
Inventories, net	274	322	401	377	477	298	231	454	813	907	867
Prepaid Expenses	11	5.97	5.84	5.39	10	9.64	17	21	23	36	35
Plant, Property, & Equipment, net	99	121	127	139	144	142	175	246	528	533	553
Total Noncurrent Assets	33	34	39	37	71	130	315	353	771	799	737
Goodwill	-	13	30	27	-	84	196	236	560	592	527
Intangible Assets	-	-	-	-	64	-	5.56	11	40	37	35
Other Noncurrent Operating Assets	5.31	-	-	5.63	7.13	46	114	106	171	169	175
Total Liabilities & Shareholders' Equity	468	547	640	641	784	775	1,008	1,353	2,421	2,605	2,470
Total Liabilities	184	234	338	287	415	320	413	570	1,503	1,619	1,522
Total Current Liabilities	183	232	335	286	413	273	251	413	847	1,069	985
Short-Term Debt	137	167	254	213	312	145	28	135	571	743	751
Accounts Payable	14	9.60	26	23	34	37	26	34	72	54	56
Accrued Expenses	20	26	33	33	43	52	87	89	113	197	121
Current Deferred Revenue	-	-	-	17	-	32	101	144	82	65	46
Other Current Liabilities	-	-	-	-	24	6.85	11	9.69	10	9.76	10
Total Noncurrent Liabilities	0.59	2.34	3.11	1.43	2.37	47	162	157	656	550	537
Long-Term Debt	-	-	-	-	0.00	7.34	47	45	389	356	356
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	1.43	1.14	4.51	9.27	15	57	60	47
Other Noncurrent Operating Liabilities	0.59	2.34	3.11	-	1.23	36	105	97	210	133	133
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	284	312	302	353	369	455	595	783	918	986	949
Total Preferred & Common Equity	284	312	302	353	369	455	595	783	916	976	937
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	284	312	302	353	369	455	595	783	916	976	937
Common Stock	235	241	250	187	270	177	289	303	323	344	361
Retained Earnings	75	103	127	166	202	278	433	631	740	778	746
Treasury Stock	-26	-32	-75	-	-	-	-127	-149	-149	-151	-178
Accumulated Other Comprehensive Income / (Loss)	-	-	-	0.00	-0.67	0.83	0.65	-2.81	1.30	4.64	8.23
Noncontrolling Interest	-	-	-	-	-	-	-	0.00	2.57	10	12

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Total Assets	2,113	2,325	2,380	2,527	2,631	2,594	2,634	2,673	2,488	2,428	2,442
Total Current Assets	873	1,054	1,085	1,206	1,293	1,261	1,298	1,324	1,198	1,144	1,161
Cash & Equivalents	178	204	226	210	217	242	145	204	151	165	189
Accounts Receivable	69	117	95	95	122	105	83	119	107	86	101
Inventories, net	605	711	739	876	933	880	1,035	973	906	868	845
Prepaid Expenses	22	22	25	25	22	33	35	27	34	26	25
Plant, Property, & Equipment, net	502	499	522	532	536	534	536	547	552	549	547
Total Noncurrent Assets	738	771	774	788	802	799	800	803	738	735	734
Goodwill	528	559	562	576	590	590	588	591	527	527	526
Intangible Assets	39	42	41	39	39	38	38	38	37	35	35
Other Noncurrent Operating Assets	172	170	170	173	172	170	174	174	174	173	173
Total Liabilities & Shareholders' Equity	2,113	2,325	2,380	2,527	2,631	2,594	2,634	2,673	2,488	2,428	2,442
Total Liabilities	1,298	1,473	1,478	1,592	1,691	1,617	1,631	1,670	1,536	1,484	1,498
Total Current Liabilities	649	813	820	940	1,046	1,054	1,091	1,139	991	961	983
Short-Term Debt	374	531	546	699	770	735	829	855	771	738	725
Accounts Payable	43	45	47	44	61	46	36	45	45	53	63
Accrued Expenses	102	114	119	112	124	197	164	172	117	107	122
Current Deferred Revenue	120	114	98	75	79	67	53	57	49	53	62
Other Current Liabilities	10	9.98	9.97	10	10	10	10	10	10	11	11
Total Noncurrent Liabilities	649	660	658	652	645	562	540	530	545	523	515
Long-Term Debt	415	407	399	381	373	364	347	339	365	347	339
Noncurrent Deferred & Payable Income Tax Liabilities	38	48	54	58	58	59	54	55	46	43	41
Other Noncurrent Operating Liabilities	196	205	204	213	214	139	138	136	135	133	135
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	815	851	902	935	940	977	1,003	1,003	951	944	943
Total Preferred & Common Equity	812	849	900	925	931	968	993	993	941	933	932
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	812	849	900	925	931	968	993	993	941	933	932
Common Stock	309	314	320	329	335	342	350	355	362	364	369
Retained Earnings	650	680	725	741	742	774	796	799	747	738	736
Treasury Stock	-149	-149	-149	-149	-149	-151	-151	-163	-178	-178	-178
Accumulated Other Comprehensive Income / (Loss)	2.01	3.01	3.25	3.89	2.53	2.08	-1.99	1.80	9.32	8.17	6.02
Noncontrolling Interest	2.71	2.63	2.55	9.47	9.15	9.38	9.74	9.93	11	12	11

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
DEI Shares Outstanding	25,555,477.00	25,854,166.00	26,258,603.00	26,985,409.00	27,350,901.00	21,628,144.00	21,745,395.00	-	-	-	21,463,563.00
DEI Adjusted Shares Outstanding	25,555,477.00	25,854,166.00	26,258,603.00	26,985,409.00	27,350,901.00	21,628,144.00	21,745,395.00	-	-	-	21,463,563.00
DEI Earnings Per Adjusted Shares Outstanding	1.89	0.87	0.90	1.46	1.32	3.45	7.13	-	-	-	-1.47
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.28%	25.38%	11.71%	11.88%	5.08%	22.03%	36.67%	11.87%	3.75%	1.52%	-5.01%
EBITDA Growth	46.42%	45.27%	13.35%	35.14%	-2.34%	65.66%	88.36%	26.46%	-15.03%	-28.58%	-51.75%
EBIT Growth	64.63%	58.90%	12.51%	39.51%	-4.20%	76.30%	96.28%	26.61%	-24.28%	-36.14%	-73.47%
NOPAT Growth	283.88%	-55.41%	7.96%	65.28%	-4.55%	83.70%	92.98%	27.09%	-25.62%	-38.68%	-73.95%
Net Income Growth	328.42%	-53.24%	4.27%	66.95%	-8.46%	107.40%	107.65%	27.75%	-44.71%	-64.62%	-179.42%
EPS Growth	317.39%	-52.60%	4.40%	80.00%	-8.19%	114.65%	101.19%	30.38%	-44.91%	-66.12%	-186.67%
Operating Cash Flow Growth	-71.61%	644.97%	-79.25%	1,383.96%	-117.65%	2,551.92%	22.71%	-79.51%	-390.14%	88.45%	383.73%
Free Cash Flow Firm Growth	7,031.88%	-517.16%	-75.46%	195.73%	-284.05%	437.18%	-40.38%	-153.28%	-818.16%	88.38%	98.36%
Invested Capital Growth	15.58%	13.45%	16.80%	0.54%	24.20%	-29.61%	-0.98%	64.07%	128.29%	10.95%	1.36%
Revenue Q/Q Growth	3.47%	4.22%	2.26%	5.18%	-0.04%	6.39%	3.18%	3.33%	2.47%	-1.28%	-0.47%
EBITDA Q/Q Growth	1.10%	2.48%	1.33%	14.85%	-5.33%	20.54%	5.46%	3.03%	-3.25%	-5.35%	-12.05%
EBIT Q/Q Growth	0.92%	2.83%	0.64%	17.07%	-6.73%	23.31%	5.51%	2.80%	-7.64%	-5.54%	-27.58%
NOPAT Q/Q Growth	133.44%	-33.26%	-4.80%	19.97%	-8.50%	27.02%	4.74%	2.97%	-7.49%	-12.51%	-27.58%
Net Income Q/Q Growth	134.76%	-54.69%	-6.64%	24.08%	-11.89%	33.91%	4.90%	2.88%	-17.44%	-21.34%	-18.55%
EPS Q/Q Growth	131.33%	-54.27%	-5.94%	24.82%	-11.80%	34.26%	4.79%	2.91%	-17.88%	-22.54%	-6.72%
Operating Cash Flow Q/Q Growth	-56.90%	20.85%	169.35%	12.12%	-155.28%	49.01%	-9.46%	-54.22%	8.69%	48.86%	588.67%
Free Cash Flow Firm Q/Q Growth	1,115.32%	25.89%	29.30%	-0.46%	-197.62%	62.65%	-22.26%	2.23%	-5.71%	14.06%	97.84%
Invested Capital Q/Q Growth	11.33%	4.11%	-0.58%	0.96%	9.25%	-6.80%	4.81%	3.43%	3.40%	1.47%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.59%	23.99%	25.21%	25.33%	26.09%	26.41%	31.96%	34.91%	34.88%	32.96%	32.49%
EBITDA Margin	4.42%	5.12%	5.19%	6.27%	5.83%	7.91%	10.91%	12.33%	10.10%	7.10%	3.61%
Operating Margin	3.37%	4.27%	4.30%	5.37%	4.89%	7.07%	10.15%	11.49%	8.39%	5.27%	1.47%
EBIT Margin	3.37%	4.27%	4.30%	5.37%	4.89%	7.07%	10.15%	11.49%	8.39%	5.27%	1.47%
Profit (Net Income) Margin	6.43%	2.40%	2.24%	3.34%	2.91%	4.94%	7.51%	8.58%	4.57%	1.59%	-1.33%
Tax Burden Percent	231.31%	64.91%	62.28%	73.78%	73.51%	76.59%	75.31%	75.59%	74.26%	71.30%	82.84%
Interest Burden Percent	82.42%	86.43%	83.48%	84.33%	80.87%	91.31%	98.25%	98.76%	73.42%	42.37%	-109.18%
Effective Tax Rate	-131.31%	35.09%	37.72%	26.22%	26.49%	23.41%	24.69%	24.41%	25.74%	28.70%	0.00%
Return on Invested Capital (ROIC)	16.18%	6.31%	5.91%	9.04%	7.67%	14.94%	35.06%	33.91%	12.37%	5.17%	1.27%
ROIC Less NNEP Spread (ROIC-NNEP)	5.94%	3.26%	3.17%	5.15%	3.79%	9.68%	38.73%	36.45%	1.21%	-1.28%	-4.75%
Return on Net Nonoperating Assets (RNNOA)	2.29%	1.27%	1.75%	2.96%	2.29%	3.17%	-5.55%	-5.17%	0.51%	-1.10%	-4.45%
Return on Equity (ROE)	18.47%	7.58%	7.66%	12.00%	9.97%	18.11%	29.51%	28.74%	12.87%	4.07%	-3.18%
Cash Return on Invested Capital (CROIC)	1.73%	-6.30%	-9.59%	8.50%	-13.91%	49.70%	36.04%	-14.62%	-65.79%	-5.21%	-0.08%
Operating Return on Assets (OROA)	5.82%	7.94%	7.63%	9.87%	8.50%	13.69%	23.49%	22.47%	10.64%	5.10%	1.34%
Return on Assets (ROA)	11.10%	4.45%	3.97%	6.14%	5.05%	9.57%	17.38%	16.77%	5.80%	1.54%	-1.21%
Return on Common Equity (ROCE)	18.47%	7.58%	7.66%	12.00%	9.97%	18.11%	29.51%	28.74%	12.85%	4.04%	-3.14%
Return on Equity Simple (ROE_SIMPLE)	17.03%	7.23%	7.79%	11.13%	9.76%	16.39%	26.05%	25.30%	11.95%	3.97%	0.00%
Net Operating Profit after Tax (NOPAT)	59	26	28	47	44	82	158	200	149	91	24
NOPAT Margin	7.80%	2.77%	2.68%	3.96%	3.60%	5.41%	7.65%	8.69%	6.23%	3.76%	1.03%
Net Nonoperating Expense Percent (NNEP)	10.24%	3.05%	2.74%	3.88%	3.89%	5.26%	-3.67%	-2.54%	11.15%	6.45%	6.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	1.16%
Cost of Revenue to Revenue	75.41%	76.01%	74.79%	74.67%	73.91%	73.59%	68.04%	65.09%	65.12%	67.04%	67.51%
SG&A Expenses to Revenue	21.22%	19.72%	20.91%	19.96%	21.20%	19.34%	21.81%	23.42%	26.50%	27.68%	28.02%
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	21.22%	19.72%	20.91%	19.96%	21.20%	19.34%	21.81%	23.42%	26.50%	27.68%	31.01%
Earnings before Interest and Taxes (EBIT)	25	40	45	63	61	107	209	265	201	128	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	48	55	74	72	119	225	285	242	173	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	1.73	1.44	1.62	1.15	1.22	1.77	0.82	0.79	0.81	0.58
Price to Tangible Book Value (P/TBV)	1.27	1.81	1.60	1.76	1.39	1.50	2.68	1.20	2.27	2.27	1.45
Price to Revenue (P/Rev)	0.48	0.58	0.41	0.49	0.34	0.37	0.51	0.28	0.30	0.32	0.24
Price to Earnings (P/E)	7.48	23.99	18.46	14.59	11.77	7.44	6.81	3.24	6.58	20.68	0.00
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	13.37%	4.17%	5.42%	6.86%	8.50%	13.44%	14.69%	30.86%	15.20%	4.84%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.52	1.26	1.43	1.09	1.22	2.03	0.81	0.88	0.90	0.79
Enterprise Value to Revenue (EV/Rev)	0.62	0.71	0.61	0.63	0.56	0.37	0.44	0.26	0.62	0.69	0.65
Enterprise Value to EBITDA (EV/EBITDA)	14.03	13.89	11.83	9.99	9.66	4.62	4.03	2.09	6.12	9.68	17.91
Enterprise Value to EBIT (EV/EBIT)	18.38	16.64	14.28	11.67	11.51	5.17	4.33	2.24	7.37	13.04	43.87
Enterprise Value to NOPAT (EV/NOPAT)	7.95	25.63	22.93	15.82	15.66	6.75	5.76	2.96	9.93	18.29	62.67
Enterprise Value to Operating Cash Flow (EV/OCF)	151.73	29.29	136.31	10.47	0.00	1.81	2.43	7.75	0.00	0.00	20.50
Enterprise Value to Free Cash Flow (EV/FCFF)	74.46	0.00	0.00	16.83	0.00	2.03	5.60	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.53	0.84	0.60	0.85	0.33	0.13	0.23	1.05	1.11	1.17
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.02	0.08	0.06	0.42	0.36	0.38
Financial Leverage	0.38	0.39	0.55	0.57	0.61	0.33	-0.14	-0.14	0.42	0.86	0.94
Leverage Ratio	1.66	1.70	1.93	1.95	1.97	1.89	1.70	1.71	2.22	2.64	2.62
Compound Leverage Factor	1.37	1.47	1.61	1.65	1.60	1.73	1.67	1.69	1.63	1.12	-2.86
Debt to Total Capital	32.60%	34.77%	45.68%	37.62%	45.83%	25.05%	11.20%	18.72%	51.11%	52.70%	53.86%
Short-Term Debt to Total Capital	32.60%	34.77%	45.68%	37.62%	45.83%	23.85%	4.11%	14.01%	30.39%	35.63%	36.54%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.21%	7.09%	4.70%	20.72%	17.07%	17.32%
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.50%	0.56%
Common Equity to Total Capital	67.40%	65.23%	54.32%	62.38%	54.17%	74.95%	88.80%	81.28%	48.75%	46.80%	45.58%
Debt to EBITDA	4.13	3.45	4.65	2.88	4.33	1.27	0.33	0.63	3.97	6.36	13.29
Net Debt to EBITDA	3.15	2.65	3.88	2.22	3.79	-0.03	-0.65	-0.17	3.14	5.06	11.25
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.06	0.21	0.16	1.61	2.06	4.27
Debt to NOPAT	2.34	6.37	9.01	4.57	7.01	1.86	0.48	0.90	6.44	12.02	46.51
Net Debt to NOPAT	1.78	4.90	7.52	3.52	6.15	-0.04	-0.93	-0.24	5.09	9.56	39.36
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.09	0.30	0.23	2.61	3.89	14.96
Altman Z-Score	3.58	3.97	3.19	4.06	3.04	4.30	5.18	3.98	2.11	1.90	1.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.68%	1.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.83	1.69	1.42	1.63	1.38	1.85	2.06	1.83	1.33	1.19	1.20
Quick Ratio	0.28	0.27	0.20	0.29	0.20	0.72	1.07	0.67	0.34	0.31	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.25	-26	-46	44	-81	272	162	-86	-793	-92	-1.51
Operating Cash Flow to CapEx	81.82%	180.24%	35.48%	517.22%	-77.27%	2,945.71%	1,450.56%	132.63%	-354.62%	-42.79%	145.51%
Free Cash Flow to Firm to Interest Expense	1.40	-4.78	-6.12	4.43	-6.97	29.32	44.25	-26.32	-14.87	-1.25	-0.02
Operating Cash Flow to Interest Expense	0.69	4.19	0.63	7.11	-1.07	32.85	102.01	23.33	-4.16	-0.35	1.02
Operating Cash Flow Less CapEx to Interest Expense	-0.15	1.86	-1.15	5.74	-2.46	31.73	94.98	5.74	-5.34	-1.16	0.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.73	1.86	1.77	1.84	1.74	1.94	2.31	1.96	1.27	0.97	0.91
Accounts Receivable Turnover	48.44	43.76	42.74	40.14	32.39	36.56	46.97	47.13	35.20	25.30	21.51
Inventory Turnover	2.19	2.40	2.18	2.26	2.14	2.87	5.31	4.38	2.46	1.90	1.76
Fixed Asset Turnover	7.48	8.55	8.47	8.86	8.74	10.55	13.00	10.95	6.19	4.59	4.26
Accounts Payable Turnover	53.12	61.97	43.69	35.47	32.19	31.29	44.51	50.01	29.41	25.83	28.13
Days Sales Outstanding (DSO)	7.53	8.34	8.54	9.09	11.27	9.98	7.77	7.74	10.37	14.43	16.97
Days Inventory Outstanding (DIO)	166.85	151.87	167.72	161.58	170.57	127.38	68.77	83.25	148.30	192.54	207.66
Days Payable Outstanding (DPO)	6.87	5.89	8.35	10.29	11.34	11.67	8.20	7.30	12.41	14.13	12.98
Cash Conversion Cycle (CCC)	167.52	154.32	167.91	160.39	170.50	125.70	68.34	83.70	146.26	192.84	211.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	388	440	514	517	642	452	448	735	1,677	1,861	1,886
Invested Capital Turnover	2.08	2.27	2.20	2.28	2.13	2.76	4.59	3.90	1.99	1.37	1.23
Increase / (Decrease) in Invested Capital	52	52	74	2.80	125	-190	-4.42	287	942	184	25
Enterprise Value (EV)	466	670	647	738	697	552	908	593	1,480	1,672	1,492
Market Capitalization	361	542	435	573	423	555	1,055	642	719	787	544
Book Value per Share	$11.10	$12.09	$11.51	$13.08	$13.48	$21.06	$27.36	$36.35	$41.80	$43.72	$43.66
Tangible Book Value per Share	$11.10	$11.58	$10.35	$12.07	$11.14	$17.16	$18.11	$24.90	$14.44	$15.51	$17.46
Total Capital	421	479	556	566	681	608	670	963	1,878	2,085	2,056
Total Debt	137	167	254	213	312	152	75	180	960	1,099	1,108
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	7.34	47	45	389	356	356
Net Debt	105	128	212	164	274	-3.25	-147	-48	759	874	937
Capital Expenditures (CapEx)	3.75	13	13	14	16	10	26	58	63	60	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	257	287	351	343	429	220	72	248	645	723	777
Debt-free Net Working Capital (DFNWC)	290	326	393	392	468	376	294	476	847	947	947
Net Working Capital (NWC)	152	159	139	179	156	231	266	341	276	204	196
Net Nonoperating Expense (NNE)	10	3.55	4.66	7.31	8.51	7.10	2.76	2.48	40	53	55
Net Nonoperating Obligations (NNO)	105	128	212	164	274	-3.25	-147	-48	759	874	937
Total Depreciation and Amortization (D&A)	7.86	7.96	9.36	11	12	13	16	19	41	44	49
Debt-free, Cash-free Net Working Capital to Revenue	34.20%	30.49%	33.38%	29.17%	34.70%	14.59%	3.48%	10.74%	26.96%	29.72%	33.64%
Debt-free Net Working Capital to Revenue	38.54%	34.58%	37.37%	33.31%	37.81%	24.89%	14.25%	20.63%	35.37%	38.95%	41.02%
Net Working Capital to Revenue	20.28%	16.90%	13.22%	15.23%	12.58%	15.29%	12.91%	14.78%	11.53%	8.39%	8.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.97	$0.93	$0.98	$1.77	$1.61	$3.46	$7.04	$9.12	$5.00	$1.71	($1.43)
Adjusted Weighted Average Basic Shares Outstanding	24.47M	24.20M	23.97M	22.27M	22.29M	21.55M	22.01M	21.71M	21.85M	22.27M	22.05M
Adjusted Diluted Earnings per Share	$1.92	$0.91	$0.95	$1.71	$1.57	$3.37	$6.78	$8.84	$4.87	$1.65	($1.43)
Adjusted Weighted Average Diluted Shares Outstanding	25.10M	24.82M	24.68M	23.03M	22.88M	22.13M	22.86M	22.40M	22.43M	23.01M	22.05M
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	25.62M	26.05M	26.50M	27.28M	21.45M	22.07M	21.86M	21.72M	22.17M	22.59M	21.87M
Normalized Net Operating Profit after Tax (NOPAT)	18	26	28	47	44	82	158	200	149	91	72
Normalized NOPAT Margin	2.36%	2.77%	2.68%	3.96%	3.60%	5.41%	7.65%	8.69%	6.23%	3.76%	3.12%
Pre Tax Income Margin	2.78%	3.69%	3.59%	4.53%	3.96%	6.45%	9.97%	11.35%	6.16%	2.23%	-1.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.69	7.37	6.05	6.38	5.23	11.51	57.15	80.78	3.76	1.74	0.48
NOPAT to Interest Expense	13.16	4.78	3.77	4.71	3.84	8.81	43.04	61.06	2.79	1.24	0.33
EBIT Less CapEx to Interest Expense	4.85	5.05	4.27	5.01	3.84	10.39	50.12	63.19	2.59	0.92	-0.23
NOPAT Less CapEx to Interest Expense	12.31	2.46	1.98	3.33	2.45	7.70	36.01	43.47	1.62	0.43	-0.37
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	21.71%	24.49%	181.50%	1.77%	77.00%	0.85%	15.34%	10.75%	0.00%	5.53%	-89.32%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	21,473,400.00	21,463,563.00	21,869,518.00	22,027,414.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	21,473,400.00	21,463,563.00	21,869,518.00	22,027,414.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-2.43	-0.04	-0.36	-0.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.77%	3.81%	2.20%	4.97%	-5.29%	-11.15%	8.34%	-13.27%	-1.95%	7.84%	-16.48%
EBITDA Growth	-14.49%	-34.39%	-49.63%	-14.03%	-20.35%	68.95%	8.12%	-140.16%	-29.90%	-65.39%	-32.70%
EBIT Growth	-32.61%	-47.95%	-61.37%	-18.17%	-21.91%	105.13%	6.26%	-168.07%	-48.34%	-87.38%	-52.34%
NOPAT Growth	-27.78%	-6.23%	-61.13%	-18.23%	-49.41%	37.90%	3.03%	-164.30%	-32.19%	-90.14%	-51.87%
Net Income Growth	-60.27%	-95.77%	-95.16%	-28.46%	-68.95%	2,044.85%	118.22%	-263.88%	-101.73%	-144.66%	-185.86%
EPS Growth	-61.99%	-95.51%	-94.81%	-30.81%	-73.85%	1,825.00%	100.00%	-276.64%	-52.94%	-146.75%	-185.71%
Operating Cash Flow Growth	45.53%	43.00%	76.56%	61.06%	96.91%	-63.96%	428.24%	-1.58%	7,958.31%	111.55%	-23.48%
Free Cash Flow Firm Growth	-268.98%	56.93%	72.91%	80.56%	81.48%	44.49%	58.03%	20.92%	90.77%	188.09%	264.20%
Invested Capital Growth	128.29%	26.49%	17.76%	13.05%	10.95%	12.78%	6.83%	5.59%	1.36%	-8.30%	-8.82%
Revenue Q/Q Growth	-17.63%	-11.32%	10.55%	29.99%	-25.68%	-16.81%	34.81%	4.06%	-15.98%	-8.51%	4.40%
EBITDA Q/Q Growth	-42.91%	-37.59%	8.14%	123.13%	-47.11%	32.38%	-30.80%	-182.89%	192.33%	-34.64%	34.56%
EBIT Q/Q Growth	-53.99%	-44.64%	12.64%	185.16%	-56.09%	45.42%	-41.65%	-282.67%	133.33%	-64.46%	120.28%
NOPAT Q/Q Growth	-48.91%	-10.37%	-39.58%	195.59%	-68.40%	144.36%	-54.86%	-284.48%	133.33%	-64.46%	120.28%
Net Income Q/Q Growth	-65.62%	-94.46%	71.48%	2,088.61%	-85.08%	283.09%	-82.55%	-1,743.58%	99.84%	-9,771.95%	66.46%
EPS Q/Q Growth	-67.17%	-93.85%	75.00%	1,857.14%	-87.59%	352.94%	-81.82%	-1,828.57%	103.31%	-550.00%	66.67%
Operating Cash Flow Q/Q Growth	-147.21%	-252.18%	75.21%	490.75%	-100.91%	-18,580.43%	149.63%	17.16%	-27.65%	-72.54%	228.71%
Free Cash Flow Firm Q/Q Growth	-6.75%	61.45%	24.45%	37.47%	-1.67%	-15.58%	42.88%	-17.82%	88.13%	1,202.72%	6.47%
Invested Capital Q/Q Growth	3.40%	7.56%	3.49%	-1.78%	1.47%	9.34%	-1.97%	-2.92%	-2.60%	-1.08%	-2.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.26%	33.28%	32.67%	31.95%	34.31%	36.22%	30.01%	30.38%	34.67%	31.77%	34.37%
EBITDA Margin	8.07%	5.68%	5.55%	9.53%	6.78%	10.79%	5.54%	-4.41%	4.85%	3.46%	4.47%
Operating Margin	5.77%	3.60%	3.67%	8.05%	4.76%	8.32%	3.60%	-6.32%	2.51%	0.97%	2.05%
EBIT Margin	5.77%	3.60%	3.67%	8.05%	4.76%	8.32%	3.60%	-6.32%	2.51%	0.97%	2.05%
Profit (Net Income) Margin	2.56%	0.16%	0.25%	4.19%	0.84%	3.87%	0.50%	-7.91%	-0.01%	-1.60%	-0.51%
Tax Burden Percent	82.32%	133.28%	71.49%	74.10%	53.33%	89.60%	69.31%	88.87%	2.37%	74.02%	71.05%
Interest Burden Percent	53.94%	3.34%	9.47%	70.13%	33.11%	51.90%	20.06%	140.77%	-24.95%	-222.28%	-35.26%
Effective Tax Rate	17.68%	-33.28%	28.52%	25.90%	46.67%	10.40%	30.69%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.44%	7.18%	3.69%	8.51%	3.49%	9.21%	3.13%	-5.45%	2.16%	0.82%	1.69%
ROIC Less NNEP Spread (ROIC-NNEP)	5.77%	3.87%	2.02%	6.79%	2.32%	7.45%	1.82%	-7.93%	1.08%	-0.36%	0.59%
Return on Net Nonoperating Assets (RNNOA)	2.41%	3.28%	1.87%	5.70%	1.99%	7.30%	1.79%	-7.58%	1.02%	-0.36%	0.56%
Return on Equity (ROE)	11.85%	10.46%	5.56%	14.20%	5.47%	16.52%	4.92%	-13.02%	3.18%	0.46%	2.25%
Cash Return on Invested Capital (CROIC)	-65.79%	-14.92%	-9.70%	-6.21%	-5.21%	-6.16%	-0.76%	-3.70%	-0.08%	8.66%	8.79%
Operating Return on Assets (OROA)	7.32%	3.75%	3.60%	7.97%	4.60%	7.65%	3.29%	-5.77%	2.28%	0.90%	1.80%
Return on Assets (ROA)	3.25%	0.17%	0.24%	4.14%	0.81%	3.56%	0.46%	-7.22%	-0.01%	-1.49%	-0.45%
Return on Common Equity (ROCE)	11.83%	10.38%	5.53%	14.11%	5.44%	16.35%	4.87%	-12.89%	3.14%	0.45%	2.23%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.77%	6.64%	5.09%	0.00%	5.64%	5.81%	-2.76%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	28	25	15	45	14	35	16	-29	9.69	3.44	7.59
NOPAT Margin	4.75%	4.80%	2.62%	5.97%	2.54%	7.45%	2.50%	-4.42%	1.76%	0.68%	1.44%
Net Nonoperating Expense Percent (NNEP)	3.66%	3.31%	1.67%	1.71%	1.17%	1.77%	1.31%	2.49%	1.08%	1.18%	1.10%
Return On Investment Capital (ROIC_SIMPLE)	-	1.26%	-	-	-	1.60%	0.72%	-1.39%	0.47%	0.17%	0.38%
Cost of Revenue to Revenue	65.74%	66.72%	67.33%	68.05%	65.69%	63.78%	69.99%	69.62%	65.33%	68.24%	65.63%
SG&A Expenses to Revenue	28.49%	29.68%	29.00%	23.90%	29.55%	27.90%	26.41%	26.19%	32.16%	30.79%	32.32%
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	28.49%	29.68%	29.00%	23.90%	29.55%	27.90%	26.41%	36.70%	32.16%	30.79%	32.32%
Earnings before Interest and Taxes (EBIT)	34	19	21	61	27	39	23	-42	14	4.92	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	30	32	72	38	51	35	-29	27	18	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.79	0.92	0.80	0.75	0.81	0.66	0.49	0.57	0.58	0.57	0.64
Price to Tangible Book Value (P/TBV)	2.27	2.75	2.46	2.13	2.27	1.78	1.34	1.43	1.45	1.43	1.60
Price to Revenue (P/Rev)	0.30	0.35	0.31	0.29	0.32	0.28	0.20	0.23	0.24	0.23	0.27
Price to Earnings (P/E)	6.58	9.42	11.95	14.67	20.68	11.85	8.58	0.00	0.00	0.00	0.00
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	15.20%	10.62%	8.37%	6.82%	4.84%	8.44%	11.66%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.96	0.90	0.87	0.90	0.83	0.75	0.79	0.79	0.78	0.82
Enterprise Value to Revenue (EV/Rev)	0.62	0.72	0.69	0.64	0.69	0.71	0.62	0.66	0.65	0.62	0.66
Enterprise Value to EBITDA (EV/EBITDA)	6.12	7.65	8.63	8.70	9.68	8.77	7.60	16.20	17.91	29.09	38.18
Enterprise Value to EBIT (EV/EBIT)	7.37	9.44	11.23	11.70	13.04	11.44	9.96	32.69	43.87	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.93	12.66	14.70	15.20	18.29	15.09	13.19	46.70	62.67	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	124.73	145.24	20.50	6.20	6.78
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	8.66	8.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.05	1.16	1.22	1.13	1.11	1.17	1.19	1.19	1.17	1.15	1.13
Long-Term Debt to Equity	0.42	0.41	0.40	0.37	0.36	0.35	0.34	0.38	0.38	0.37	0.36
Financial Leverage	0.42	0.85	0.93	0.84	0.86	0.98	0.99	0.96	0.94	1.00	0.96
Leverage Ratio	2.22	2.65	2.77	2.65	2.64	2.66	2.73	2.64	2.62	2.60	2.63
Compound Leverage Factor	1.20	0.09	0.26	1.86	0.87	1.38	0.55	3.71	-0.65	-5.78	-0.93
Debt to Total Capital	51.11%	53.60%	54.86%	52.94%	52.70%	53.97%	54.35%	54.42%	53.86%	53.48%	53.01%
Short-Term Debt to Total Capital	30.39%	34.69%	36.98%	35.40%	35.63%	38.03%	38.92%	36.93%	36.54%	36.37%	36.14%
Long-Term Debt to Total Capital	20.72%	18.91%	17.88%	17.54%	17.07%	15.94%	15.43%	17.49%	17.32%	17.12%	16.87%
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	0.14%	0.47%	0.44%	0.45%	0.50%	0.45%	0.45%	0.52%	0.56%	0.57%	0.56%
Common Equity to Total Capital	48.75%	45.93%	44.70%	46.61%	46.80%	45.58%	45.20%	45.06%	45.58%	45.95%	46.43%
Debt to EBITDA	3.97	4.77	5.88	6.02	6.36	6.08	6.10	11.99	13.29	21.60	27.41
Net Debt to EBITDA	3.14	3.84	4.77	4.69	5.06	5.33	5.06	10.39	11.25	18.33	22.54
Long-Term Debt to EBITDA	1.61	1.68	1.92	2.00	2.06	1.80	1.73	3.85	4.27	6.91	8.72
Debt to NOPAT	6.44	7.89	10.02	10.52	12.02	10.47	10.58	34.55	46.51	-44,318.45	-127.35
Net Debt to NOPAT	5.09	6.35	8.12	8.20	9.56	9.18	8.78	29.95	39.36	-37,599.96	-104.72
Long-Term Debt to NOPAT	2.61	2.79	3.27	3.48	3.89	3.09	3.00	11.10	14.96	-14,183.27	-40.53
Altman Z-Score	1.89	1.84	1.72	1.81	1.77	1.71	1.61	1.61	1.69	1.70	1.68
Noncontrolling Interest Sharing Ratio	0.15%	0.70%	0.66%	0.63%	0.68%	0.99%	0.98%	1.05%	1.14%	1.09%	1.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.28	1.24	1.20	1.19	1.19	1.16	1.21	1.20	1.19	1.18
Quick Ratio	0.34	0.32	0.32	0.33	0.31	0.21	0.28	0.26	0.28	0.26	0.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-914	-352	-266	-166	-169	-196	-112	-132	-16	172	183
Operating Cash Flow to CapEx	-179.88%	-668.88%	-146.19%	576.44%	-4.72%	-1,156.44%	739.55%	595.17%	461.01%	0.00%	550.76%
Free Cash Flow to Firm to Interest Expense	-57.84	-19.19	-13.74	-9.13	-9.44	-10.44	-6.15	-7.77	-0.90	10.87	12.52
Operating Cash Flow to Interest Expense	-1.60	-4.85	-1.14	4.73	-0.04	-7.79	3.99	5.02	3.55	1.06	3.78
Operating Cash Flow Less CapEx to Interest Expense	-2.49	-5.58	-1.92	3.91	-0.97	-8.47	3.45	4.17	2.78	1.22	3.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.27	1.04	0.98	0.99	0.97	0.92	0.91	0.91	0.91	0.93	0.88
Accounts Receivable Turnover	35.20	29.60	20.34	24.59	25.30	26.67	20.08	21.88	21.51	27.74	20.32
Inventory Turnover	2.46	2.15	1.96	2.04	1.90	1.65	1.71	1.76	1.76	1.69	1.66
Fixed Asset Turnover	6.19	4.67	4.69	4.67	4.59	4.44	4.47	4.27	4.26	4.33	4.10
Accounts Payable Turnover	29.41	36.42	30.46	35.58	25.83	39.67	30.71	34.82	28.13	36.43	28.19
Days Sales Outstanding (DSO)	10.37	12.33	17.94	14.84	14.43	13.68	18.18	16.68	16.97	13.16	17.96
Days Inventory Outstanding (DIO)	148.30	170.04	185.98	179.05	192.54	221.23	213.88	207.91	207.66	216.40	219.95
Days Payable Outstanding (DPO)	12.41	10.02	11.98	10.26	14.13	9.20	11.88	10.48	12.98	10.02	12.95
Cash Conversion Cycle (CCC)	146.26	172.35	191.93	183.63	192.84	225.71	220.18	214.11	211.65	219.54	224.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,677	1,804	1,867	1,834	1,861	2,034	1,994	1,936	1,886	1,866	1,818
Invested Capital Turnover	1.99	1.49	1.41	1.43	1.37	1.24	1.25	1.23	1.23	1.20	1.18
Increase / (Decrease) in Invested Capital	942	378	282	212	184	231	128	103	25	-169	-176
Enterprise Value (EV)	1,480	1,731	1,677	1,588	1,672	1,695	1,489	1,535	1,492	1,463	1,482
Market Capitalization	719	852	742	722	787	654	488	540	544	530	596
Book Value per Share	$41.80	$41.68	$41.76	$43.39	$43.72	$43.97	$43.75	$43.80	$43.66	$42.65	$42.32
Tangible Book Value per Share	$14.44	$13.98	$13.53	$15.21	$15.51	$16.24	$16.06	$17.54	$17.46	$16.96	$16.88
Total Capital	1,878	2,014	2,084	2,076	2,085	2,179	2,198	2,087	2,056	2,030	2,008
Total Debt	960	1,080	1,143	1,099	1,099	1,176	1,195	1,136	1,108	1,086	1,064
Total Long-Term Debt	389	381	373	364	356	347	339	365	356	347	339
Net Debt	759	869	926	857	874	1,031	991	985	937	921	875
Capital Expenditures (CapEx)	14	13	15	15	17	13	9.80	14	13	-2.48	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	645	754	801	699	723	891	836	827	777	757	714
Debt-free Net Working Capital (DFNWC)	847	965	1,018	942	947	1,036	1,040	978	947	921	903
Net Working Capital (NWC)	276	266	247	207	204	207	184	207	196	183	178
Net Nonoperating Expense (NNE)	13	24	14	14	9.56	17	13	23	9.77	12	10
Net Nonoperating Obligations (NNO)	759	869	926	857	874	1,031	991	985	937	921	875
Total Depreciation and Amortization (D&A)	14	11	11	11	11	12	12	13	13	13	13
Debt-free, Cash-free Net Working Capital to Revenue	26.96%	31.25%	33.01%	28.40%	29.72%	37.56%	34.54%	35.62%	33.64%	32.26%	31.85%
Debt-free Net Working Capital to Revenue	35.37%	39.96%	41.94%	38.24%	38.95%	43.67%	42.95%	42.13%	41.02%	39.28%	40.28%
Net Working Capital to Revenue	11.53%	11.02%	10.19%	8.40%	8.39%	8.73%	7.61%	8.91%	8.49%	7.81%	7.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.04	$0.07	$1.42	$0.18	$0.80	$0.15	($2.42)	$0.04	($0.36)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	21.85M	22.20M	22.30M	22.27M	22.27M	22.62M	22.62M	21.52M	22.05M	21.94M	22.03M
Adjusted Diluted Earnings per Share	$0.65	$0.04	$0.07	$1.37	$0.17	$0.77	$0.14	($2.42)	$0.08	($0.36)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	22.43M	22.81M	23.00M	23.05M	23.01M	23.39M	23.32M	21.52M	22.05M	21.94M	22.03M
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	22.17M	22.30M	22.30M	22.32M	22.59M	22.71M	21.47M	21.46M	21.87M	22.03M	22.03M
Normalized Net Operating Profit after Tax (NOPAT)	28	13	15	45	14	35	16	19	9.69	3.44	7.59
Normalized NOPAT Margin	4.75%	2.52%	2.62%	5.97%	2.54%	7.45%	2.50%	2.93%	1.76%	0.68%	1.44%
Pre Tax Income Margin	3.11%	0.12%	0.35%	5.65%	1.58%	4.32%	0.72%	-8.90%	-0.63%	-2.16%	-0.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.17	1.03	1.10	3.35	1.49	2.08	1.25	-2.45	0.80	0.31	0.74
NOPAT to Interest Expense	1.79	1.38	0.79	2.48	0.80	1.86	0.87	-1.72	0.56	0.22	0.52
EBIT Less CapEx to Interest Expense	1.28	0.31	0.32	2.53	0.57	1.41	0.71	-3.30	0.03	0.47	0.05
NOPAT Less CapEx to Interest Expense	0.90	0.65	0.01	1.66	-0.13	1.19	0.33	-2.56	-0.21	0.37	-0.17
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	0.00%	0.00%	0.00%	4.35%	5.53%	0.00%	25.24%	-105.88%	-89.32%	0.00%	-23.94%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, trend-focused view of MarineMax (HZO) using the latest four years of quarterly statements. The highlights cover cash flow, income, and balance-sheet dynamics from 2023 through 2026.

Consistent positive operating cash flow across multiple recent quarters, with peaks such as about $84.9M in 2025-Q3 and around $61.5M in 2025-Q4, signaling ongoing liquidity generation.
Improving cash position as cash and cash equivalents rose to about $189.1M by 2026-Q2 from roughly $132.4M in 2025-Q2, boosting liquidity buffers.
Stable revenue base over the period, with 2025-Q3 operating revenue around $657.2M and recent quarters typically in the mid-to-high $500M range, pointing to a durable top line in a cyclical marine market.
Solid equity cushion as total equity remains near $0.93–$0.945B in 2026, supported by a strong common equity base and a healthy balance sheet.
Debt mix shows some deleveraging signals—long-term debt generally in the mid-$300M range (e.g., about $338–$347M in 2026-Q2) with occasional debt repayments, suggesting partial deleveraging over time.
Seasonal working capital patterns—Inventories frequently sit in the high hundreds of millions (e.g., around $845M–$906M in recent quarters), consistent with seasonal boating demand and longer product cycles.

Earnings volatility remains evident—net income swings across quarters, including periods of small losses in 2025–2026, reflecting the cyclicality of the boating market and forecast risk for near-term earnings.
Financing activity mirrors a mix of debt activity and share actions with net cash from financing often negative, indicating debt repayments and potential equity activity rather than sustained cash inflows.
Investing cash outflows persist driven by capital expenditures and acquisitions in some periods, contributing to negative net cash from investing activities and impacting free cash flow magnitude.

Net income sometimes negative in recent quarters, including a small quarterly loss in 2026-Q2 and other recent periods, which weighs on earnings visibility.
High short-term debt burden—short-term debt around the mid-$700M range (e.g., approximately $725–$770M in mid-2020s) creates a sizable near-term leverage position alongside long-term debt.
Significant overall debt load vs. equity—total liabilities plus debt load remains large relative to equity, introducing heightened sensitivity to operating downturns in a cyclical industry.
Investing cash outflows and financing outflows persist across quarters, implying ongoing capital deployment and debt management that may pressure near-term liquidity if operating conditions weaken.

05/19/26 07:29 AM ETAI Generated. May Contain Errors.

MarineMax Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MarineMax's financial year ends in September. Their financial year 2025 ended on September 30, 2025.

MarineMax's net income appears to be on an upward trend, with a most recent value of -$30.77 million in 2025, falling from $48.29 million in 2015. The previous period was $38.74 million in 2024. View MarineMax's forecast to see where analysts expect MarineMax to go next.

MarineMax's total operating income in 2025 was $34.02 million, based on the following breakdown:

Total Gross Profit: $750.23 million
Total Operating Expenses: $716.21 million

Over the last 10 years, MarineMax's total revenue changed from $751.37 million in 2015 to $2.31 billion in 2025, a change of 207.3%.

MarineMax's total liabilities were at $1.52 billion at the end of 2025, a 6.0% decrease from 2024, and a 727.1% increase since 2015.

In the past 10 years, MarineMax's cash and equivalents has ranged from $32.61 million in 2015 to $228.27 million in 2022, and is currently $170.35 million as of their latest financial filing in 2025.

Over the last 10 years, MarineMax's book value per share changed from 11.10 in 2015 to 43.66 in 2025, a change of 293.4%.

Related Companies

Financial statements for NYSE:HZO last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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MarineMax (HZO) Financials

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