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MarineMax (HZO) Financials

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$51.94 +16.26 (+45.58%)
As of 12:03 PM Eastern
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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 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

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.93 1.59 32 4.00 18 3.30 -52 -0.85 -7.93 -2.60 15
Consolidated Net Income / (Loss)		 0.85 1.45 32 4.73 18 3.16 -52 -0.08 -8.10 -2.72 16
Net Income / (Loss) Continuing Operations		 0.85 1.45 32 4.73 18 3.16 -52 -0.08 -8.10 -2.72 16
Total Pre-Tax Income 		0.63 2.03 43 8.87 20 4.56 -58 -3.45 -11 -3.82 23
Total Operating Income		 19 21 61 27 39 23 -42 14 4.92 11 37
Total Gross Profit		 175 190 242 193 170 190 200 191 160 181 218
Total Revenue		 527 583 758 563 468 632 657 552 505 527 611
Operating Revenue		 527 583 758 563 468 632 657 552 505 527 611
Total Cost of Revenue		 352 392 516 370 299 442 458 361 345 346 393
Operating Cost of Revenue		 352 392 516 370 299 442 458 361 345 346 393
Total Operating Expenses		 156 169 181 166 131 167 241 178 156 170 181
Selling, General & Admin Expense		 156 169 181 166 131 167 172 178 156 170 181
Impairment Charge		 - - 0.00 - - - 69 - - - 0.00
Total Other Income / (Expense), net		 -18 -19 -18 -18 -19 -18 -17 -17 -16 -15 -14
Interest Expense		 18 19 18 18 19 18 17 17 16 15 14
Income Tax Expense		 -0.21 0.58 11 4.14 2.10 1.40 -6.51 -3.37 -2.84 -1.11 7.26
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.09 -0.14 0.16 0.73 0.06 -0.14 0.18 0.77 -0.17 -0.12 0.29
Basic Earnings per Share		 $0.04 $0.07 $1.42 $0.18 $0.80 $0.15 ($2.42) $0.04 ($0.36) ($0.12) $0.70
Weighted Average Basic Shares Outstanding		 22.20M 22.30M 22.27M 22.27M 22.62M 22.62M 21.52M 22.05M 21.94M 22.03M 22.07M
Diluted Earnings per Share		 $0.04 $0.07 $1.37 $0.17 $0.77 $0.14 ($2.42) $0.08 ($0.36) ($0.12) $0.66
Weighted Average Diluted Shares Outstanding		 22.81M 23.00M 23.05M 23.01M 23.39M 23.32M 21.52M 22.05M 21.94M 22.03M 23.16M
Weighted Average Basic & Diluted Shares Outstanding		 22.30M 22.30M 22.32M 22.59M 22.71M 21.47M 21.46M 21.87M 22.03M 22.03M 22.09M

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 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

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 8.87 6.36 26 -18 -79 58 -52 19 -5.75 25 -14
Net Cash From Operating Activities		 -89 -22 86 -0.78 -146 72 85 61 17 55 85
Net Cash From Continuing Operating Activities		 -89 -22 86 -0.78 -146 72 85 61 17 55 85
Net Income / (Loss) Continuing Operations		 0.85 1.45 32 4.73 18 3.16 -52 -0.08 -8.10 -2.72 16
Consolidated Net Income / (Loss)		 0.85 1.45 32 4.73 18 3.16 -52 -0.08 -8.10 -2.72 16
Depreciation Expense		 11 11 11 11 12 12 13 13 13 13 13
Non-Cash Adjustments To Reconcile Net Income		 5.12 7.18 4.91 12 11 5.72 73 3.14 -0.65 2.36 3.93
Changes in Operating Assets and Liabilities, net		 -106 -42 38 -29 -186 51 51 45 13 43 53
Net Cash From Investing Activities		 -17 -33 -15 -17 -6.46 -19 -16 -14 2.56 -8.85 -7.03
Net Cash From Continuing Investing Activities		 -17 -33 -15 -17 -6.46 -19 -16 -14 2.56 -8.85 -7.03
Purchase of Property, Plant & Equipment		 -13 -15 -15 -17 -18 -13 -16 -13 -8.54 -11 -8.02
Sale of Property, Plant & Equipment		 0.01 0.07 0.20 0.17 5.68 2.86 2.17 0.12 11 0.90 0.07
Other Investing Activities, net		 0.38 0.11 0.04 0.05 6.17 1.00 -2.05 0.26 0.09 1.22 0.92
Net Cash From Financing Activities		 114 61 -45 -1.62 75 4.74 -123 -29 -25 -22 -92
Net Cash From Continuing Financing Activities		 114 61 -45 -1.62 75 4.74 -123 -29 -25 -22 -92
Repayment of Debt		 -8.44 -8.44 -8.44 -8.44 -8.44 -8.64 -8.25 -8.90 -8.93 -8.91 -119
Issuance of Debt		 128 70 -36 7.81 86 27 -50 -20 -13 -13 26
Issuance of Common Equity		 1.43 - 1.20 0.01 1.48 - 1.11 - 1.33 - 1.24
Cash Interest Paid		 18 21 21 19 19 20 19 19 17 16 15
Cash Income Taxes Paid		 0.84 5.11 2.14 1.73 1.37 2.12 -1.48 7.19 0.00 - 0.48

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 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

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026
Total Assets		 2,325 2,380 2,527 2,631 2,594 2,634 2,673 2,488 2,428 2,442 2,358
Total Current Assets		 1,054 1,085 1,206 1,293 1,261 1,298 1,324 1,198 1,144 1,161 1,087
Cash & Equivalents		 204 226 210 217 242 145 204 151 165 189 175
Accounts Receivable		 117 95 95 122 105 83 119 107 86 101 95
Inventories, net		 711 739 876 933 880 1,035 973 906 868 845 789
Prepaid Expenses		 22 25 25 22 33 35 27 34 26 25 28
Plant, Property, & Equipment, net		 499 522 532 536 534 536 547 552 549 547 542
Total Noncurrent Assets		 771 774 788 802 799 800 803 738 735 734 730
Goodwill		 559 562 576 590 590 588 591 527 527 526 525
Intangible Assets		 42 41 39 39 38 38 38 37 35 35 34
Other Noncurrent Operating Assets		 170 170 173 172 170 174 174 174 173 173 171
Total Liabilities & Shareholders' Equity		 2,325 2,380 2,527 2,631 2,594 2,634 2,673 2,488 2,428 2,442 2,358
Total Liabilities		 1,473 1,478 1,592 1,691 1,617 1,631 1,670 1,536 1,484 1,498 1,394
Total Current Liabilities		 813 820 940 1,046 1,054 1,091 1,139 991 961 983 881
Short-Term Debt		 531 546 699 770 735 829 855 771 738 725 636
Accounts Payable		 45 47 44 61 46 36 45 45 53 63 44
Accrued Expenses		 114 119 112 124 197 164 172 117 107 122 128
Current Deferred Revenue		 114 98 75 79 67 53 57 49 53 62 61
Other Current Liabilities		 9.98 9.97 10 10 10 10 10 10 11 11 11
Total Noncurrent Liabilities		 660 658 652 645 562 540 530 545 523 515 513
Long-Term Debt		 407 399 381 373 364 347 339 365 347 339 335
Noncurrent Deferred & Payable Income Tax Liabilities		 48 54 58 58 59 54 55 46 43 41 47
Other Noncurrent Operating Liabilities		 205 204 213 214 139 138 136 135 133 135 132
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		 851 902 935 940 977 1,003 1,003 951 944 943 964
Total Preferred & Common Equity		 849 900 925 931 968 993 993 941 933 932 952
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		 849 900 925 931 968 993 993 941 933 932 952
Common Stock		 314 320 329 335 342 350 355 362 364 369 374
Retained Earnings		 680 725 741 742 774 796 799 747 738 736 751
Treasury Stock		 -149 -149 -149 -149 -151 -151 -163 -178 -178 -178 -178
Accumulated Other Comprehensive Income / (Loss)		 3.01 3.25 3.89 2.53 2.08 -1.99 1.80 9.32 8.17 6.02 5.25
Noncontrolling Interest		 2.63 2.55 9.47 9.15 9.38 9.74 9.93 11 12 11 11

Annual Metrics And Ratios for MarineMax

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%

Quarterly Metrics And Ratios for MarineMax

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - 21,473,400.00 21,463,563.00 21,869,518.00 22,027,414.00 22,028,154.00
DEI Adjusted Shares Outstanding		 - - - - - - 21,473,400.00 21,463,563.00 21,869,518.00 22,027,414.00 22,028,154.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -2.43 -0.04 -0.36 -0.12 0.70
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.81% 2.20% 4.97% -5.29% -11.15% 8.34% -13.27% -1.95% 7.84% -16.48% -6.98%
EBITDA Growth		 -34.39% -49.63% -14.03% -20.35% 68.95% 8.12% -140.16% -29.90% -65.39% -32.70% 271.75%
EBIT Growth		 -47.95% -61.37% -18.17% -21.91% 105.13% 6.26% -168.07% -48.34% -87.38% -52.34% 189.60%
NOPAT Growth		 -6.23% -61.13% -18.23% -49.41% 37.90% 3.03% -164.30% -32.19% -90.14% -51.87% 187.42%
Net Income Growth		 -95.77% -95.16% -28.46% -68.95% 2,044.85% 118.22% -263.88% -101.73% -144.66% -185.86% 130.11%
EPS Growth		 -95.51% -94.81% -30.81% -73.85% 1,825.00% 100.00% -276.64% -52.94% -146.75% -185.71% 127.27%
Operating Cash Flow Growth		 43.00% 76.56% 61.06% 96.91% -63.96% 428.24% -1.58% 7,958.31% 111.55% -23.48% 0.32%
Free Cash Flow Firm Growth		 56.93% 72.91% 80.56% 81.48% 44.49% 58.03% 20.92% 90.77% 188.09% 264.20% 253.01%
Invested Capital Growth		 26.49% 17.76% 13.05% 10.95% 12.78% 6.83% 5.59% 1.36% -8.30% -8.82% -9.09%
Revenue Q/Q Growth		 -11.32% 10.55% 29.99% -25.68% -16.81% 34.81% 4.06% -15.98% -8.51% 4.40% 15.90%
EBITDA Q/Q Growth		 -37.59% 8.14% 123.13% -47.11% 32.38% -30.80% -182.89% 192.33% -34.64% 34.56% 111.52%
EBIT Q/Q Growth		 -44.64% 12.64% 185.16% -56.09% 45.42% -41.65% -282.67% 133.33% -64.46% 120.28% 243.41%
NOPAT Q/Q Growth		 -10.37% -39.58% 195.59% -68.40% 144.36% -54.86% -284.48% 133.33% -64.46% 120.28% 235.08%
Net Income Q/Q Growth		 -94.46% 71.48% 2,088.61% -85.08% 283.09% -82.55% -1,743.58% 99.84% -9,771.95% 66.46% 676.32%
EPS Q/Q Growth		 -93.85% 75.00% 1,857.14% -87.59% 352.94% -81.82% -1,828.57% 103.31% -550.00% 66.67% 650.00%
Operating Cash Flow Q/Q Growth		 -252.18% 75.21% 490.75% -100.91% -18,580.43% 149.63% 17.16% -27.65% -72.54% 228.71% 53.60%
Free Cash Flow Firm Q/Q Growth		 61.45% 24.45% 37.47% -1.67% -15.58% 42.88% -17.82% 88.13% 1,202.72% 6.47% 9.79%
Invested Capital Q/Q Growth		 7.56% 3.49% -1.78% 1.47% 9.34% -1.97% -2.92% -2.60% -1.08% -2.52% -3.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 33.28% 32.67% 31.95% 34.31% 36.22% 30.01% 30.38% 34.67% 31.77% 34.37% 35.68%
EBITDA Margin		 5.68% 5.55% 9.53% 6.78% 10.79% 5.54% -4.41% 4.85% 3.46% 4.47% 8.15%
Operating Margin		 3.60% 3.67% 8.05% 4.76% 8.32% 3.60% -6.32% 2.51% 0.97% 2.05% 6.09%
EBIT Margin		 3.60% 3.67% 8.05% 4.76% 8.32% 3.60% -6.32% 2.51% 0.97% 2.05% 6.09%
Profit (Net Income) Margin		 0.16% 0.25% 4.19% 0.84% 3.87% 0.50% -7.91% -0.01% -1.60% -0.51% 2.56%
Tax Burden Percent		 133.28% 71.49% 74.10% 53.33% 89.60% 69.31% 88.87% 2.37% 74.02% 71.05% 68.30%
Interest Burden Percent		 3.34% 9.47% 70.13% 33.11% 51.90% 20.06% 140.77% -24.95% -222.28% -35.26% 61.55%
Effective Tax Rate		 -33.28% 28.52% 25.90% 46.67% 10.40% 30.69% 0.00% 0.00% 0.00% 0.00% 31.70%
Return on Invested Capital (ROIC)		 7.18% 3.69% 8.51% 3.49% 9.21% 3.13% -5.45% 2.16% 0.82% 1.69% 4.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.87% 2.02% 6.79% 2.32% 7.45% 1.82% -7.93% 1.08% -0.36% 0.59% 3.84%
Return on Net Nonoperating Assets (RNNOA)		 3.28% 1.87% 5.70% 1.99% 7.30% 1.79% -7.58% 1.02% -0.36% 0.56% 3.57%
Return on Equity (ROE)		 10.46% 5.56% 14.20% 5.47% 16.52% 4.92% -13.02% 3.18% 0.46% 2.25% 8.52%
Cash Return on Invested Capital (CROIC)		 -14.92% -9.70% -6.21% -5.21% -6.16% -0.76% -3.70% -0.08% 8.66% 8.79% 13.18%
Operating Return on Assets (OROA)		 3.75% 3.60% 7.97% 4.60% 7.65% 3.29% -5.77% 2.28% 0.90% 1.80% 5.52%
Return on Assets (ROA)		 0.17% 0.24% 4.14% 0.81% 3.56% 0.46% -7.22% -0.01% -1.49% -0.45% 2.32%
Return on Common Equity (ROCE)		 10.38% 5.53% 14.11% 5.44% 16.35% 4.87% -12.89% 3.14% 0.45% 2.23% 8.42%
Return on Equity Simple (ROE_SIMPLE)		 9.77% 6.64% 5.09% 0.00% 5.64% 5.81% -2.76% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 25 15 45 14 35 16 -29 9.69 3.44 7.59 25
NOPAT Margin		 4.80% 2.62% 5.97% 2.54% 7.45% 2.50% -4.42% 1.76% 0.68% 1.44% 4.16%
Net Nonoperating Expense Percent (NNEP)		 3.31% 1.67% 1.71% 1.17% 1.77% 1.31% 2.49% 1.08% 1.18% 1.10% 1.10%
Return On Investment Capital (ROIC_SIMPLE)		 1.26% - - - 1.60% 0.72% -1.39% 0.47% 0.17% 0.38% 1.31%
Cost of Revenue to Revenue		 66.72% 67.33% 68.05% 65.69% 63.78% 69.99% 69.62% 65.33% 68.24% 65.63% 64.32%
SG&A Expenses to Revenue		 29.68% 29.00% 23.90% 29.55% 27.90% 26.41% 26.19% 32.16% 30.79% 32.32% 29.59%
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		 29.68% 29.00% 23.90% 29.55% 27.90% 26.41% 36.70% 32.16% 30.79% 32.32% 29.59%
Earnings before Interest and Taxes (EBIT)		 19 21 61 27 39 23 -42 14 4.92 11 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 30 32 72 38 51 35 -29 27 18 24 50
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.92 0.80 0.75 0.81 0.66 0.49 0.57 0.58 0.57 0.64 0.85
Price to Tangible Book Value (P/TBV)		 2.75 2.46 2.13 2.27 1.78 1.34 1.43 1.45 1.43 1.60 2.05
Price to Revenue (P/Rev)		 0.35 0.31 0.29 0.32 0.28 0.20 0.23 0.24 0.23 0.27 0.37
Price to Earnings (P/E)		 9.42 11.95 14.67 20.68 11.85 8.58 0.00 0.00 0.00 0.00 202.38
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		 10.62% 8.37% 6.82% 4.84% 8.44% 11.66% 0.00% 0.00% 0.00% 0.00% 0.49%
Enterprise Value to Invested Capital (EV/IC)		 0.96 0.90 0.87 0.90 0.83 0.75 0.79 0.79 0.78 0.82 0.92
Enterprise Value to Revenue (EV/Rev)		 0.72 0.69 0.64 0.69 0.71 0.62 0.66 0.65 0.62 0.66 0.74
Enterprise Value to EBITDA (EV/EBITDA)		 7.65 8.63 8.70 9.68 8.77 7.60 16.20 17.91 29.09 38.18 13.72
Enterprise Value to EBIT (EV/EBIT)		 9.44 11.23 11.70 13.04 11.44 9.96 32.69 43.87 0.00 0.00 24.16
Enterprise Value to NOPAT (EV/NOPAT)		 12.66 14.70 15.20 18.29 15.09 13.19 46.70 62.67 0.00 0.00 23.87
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 124.73 145.24 20.50 6.20 6.78 7.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.66 8.85 6.63
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.16 1.22 1.13 1.11 1.17 1.19 1.19 1.17 1.15 1.13 1.01
Long-Term Debt to Equity		 0.41 0.40 0.37 0.36 0.35 0.34 0.38 0.38 0.37 0.36 0.35
Financial Leverage		 0.85 0.93 0.84 0.86 0.98 0.99 0.96 0.94 1.00 0.96 0.93
Leverage Ratio		 2.65 2.77 2.65 2.64 2.66 2.73 2.64 2.62 2.60 2.63 2.53
Compound Leverage Factor		 0.09 0.26 1.86 0.87 1.38 0.55 3.71 -0.65 -5.78 -0.93 1.56
Debt to Total Capital		 53.60% 54.86% 52.94% 52.70% 53.97% 54.35% 54.42% 53.86% 53.48% 53.01% 50.18%
Short-Term Debt to Total Capital		 34.69% 36.98% 35.40% 35.63% 38.03% 38.92% 36.93% 36.54% 36.37% 36.14% 32.86%
Long-Term Debt to Total Capital		 18.91% 17.88% 17.54% 17.07% 15.94% 15.43% 17.49% 17.32% 17.12% 16.87% 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		 0.47% 0.44% 0.45% 0.50% 0.45% 0.45% 0.52% 0.56% 0.57% 0.56% 0.59%
Common Equity to Total Capital		 45.93% 44.70% 46.61% 46.80% 45.58% 45.20% 45.06% 45.58% 45.95% 46.43% 49.23%
Debt to EBITDA		 4.77 5.88 6.02 6.36 6.08 6.10 11.99 13.29 21.60 27.41 8.25
Net Debt to EBITDA		 3.84 4.77 4.69 5.06 5.33 5.06 10.39 11.25 18.33 22.54 6.77
Long-Term Debt to EBITDA		 1.68 1.92 2.00 2.06 1.80 1.73 3.85 4.27 6.91 8.72 2.85
Debt to NOPAT		 7.89 10.02 10.52 12.02 10.47 10.58 34.55 46.51 -44,318.45 -127.35 14.36
Net Debt to NOPAT		 6.35 8.12 8.20 9.56 9.18 8.78 29.95 39.36 -37,599.96 -104.72 11.77
Long-Term Debt to NOPAT		 2.79 3.27 3.48 3.89 3.09 3.00 11.10 14.96 -14,183.27 -40.53 4.96
Altman Z-Score		 1.84 1.72 1.81 1.77 1.71 1.61 1.61 1.69 1.70 1.68 1.88
Noncontrolling Interest Sharing Ratio		 0.70% 0.66% 0.63% 0.68% 0.99% 0.98% 1.05% 1.14% 1.09% 1.09% 1.16%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.28 1.24 1.20 1.19 1.19 1.16 1.21 1.20 1.19 1.18 1.23
Quick Ratio		 0.32 0.32 0.33 0.31 0.21 0.28 0.26 0.28 0.26 0.30 0.31
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -352 -266 -166 -169 -196 -112 -132 -16 172 183 201
Operating Cash Flow to CapEx		 -668.88% -146.19% 576.44% -4.72% -1,156.44% 739.55% 595.17% 461.01% 0.00% 550.76% 1,071.63%
Free Cash Flow to Firm to Interest Expense		 -19.19 -13.74 -9.13 -9.44 -10.44 -6.15 -7.77 -0.90 10.87 12.52 14.08
Operating Cash Flow to Interest Expense		 -4.85 -1.14 4.73 -0.04 -7.79 3.99 5.02 3.55 1.06 3.78 5.95
Operating Cash Flow Less CapEx to Interest Expense		 -5.58 -1.92 3.91 -0.97 -8.47 3.45 4.17 2.78 1.22 3.10 5.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.04 0.98 0.99 0.97 0.92 0.91 0.91 0.91 0.93 0.88 0.91
Accounts Receivable Turnover		 29.60 20.34 24.59 25.30 26.67 20.08 21.88 21.51 27.74 20.32 21.75
Inventory Turnover		 2.15 1.96 2.04 1.90 1.65 1.71 1.76 1.76 1.69 1.66 1.70
Fixed Asset Turnover		 4.67 4.69 4.67 4.59 4.44 4.47 4.27 4.26 4.33 4.10 4.02
Accounts Payable Turnover		 36.42 30.46 35.58 25.83 39.67 30.71 34.82 28.13 36.43 28.19 32.70
Days Sales Outstanding (DSO)		 12.33 17.94 14.84 14.43 13.68 18.18 16.68 16.97 13.16 17.96 16.78
Days Inventory Outstanding (DIO)		 170.04 185.98 179.05 192.54 221.23 213.88 207.91 207.66 216.40 219.95 214.10
Days Payable Outstanding (DPO)		 10.02 11.98 10.26 14.13 9.20 11.88 10.48 12.98 10.02 12.95 11.16
Cash Conversion Cycle (CCC)		 172.35 191.93 183.63 192.84 225.71 220.18 214.11 211.65 219.54 224.96 219.72
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,804 1,867 1,834 1,861 2,034 1,994 1,936 1,886 1,866 1,818 1,760
Invested Capital Turnover		 1.49 1.41 1.43 1.37 1.24 1.25 1.23 1.23 1.20 1.18 1.19
Increase / (Decrease) in Invested Capital		 378 282 212 184 231 128 103 25 -169 -176 -176
Enterprise Value (EV)		 1,731 1,677 1,588 1,672 1,695 1,489 1,535 1,492 1,463 1,482 1,614
Market Capitalization		 852 742 722 787 654 488 540 544 530 596 807
Book Value per Share		 $41.68 $41.76 $43.39 $43.72 $43.97 $43.75 $43.80 $43.66 $42.65 $42.32 $43.24
Tangible Book Value per Share		 $13.98 $13.53 $15.21 $15.51 $16.24 $16.06 $17.54 $17.46 $16.96 $16.88 $17.86
Total Capital		 2,014 2,084 2,076 2,085 2,179 2,198 2,087 2,056 2,030 2,008 1,935
Total Debt		 1,080 1,143 1,099 1,099 1,176 1,195 1,136 1,108 1,086 1,064 971
Total Long-Term Debt		 381 373 364 356 347 339 365 356 347 339 335
Net Debt		 869 926 857 874 1,031 991 985 937 921 875 796
Capital Expenditures (CapEx)		 13 15 15 17 13 9.80 14 13 -2.48 10 7.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 754 801 699 723 891 836 827 777 757 714 667
Debt-free Net Working Capital (DFNWC)		 965 1,018 942 947 1,036 1,040 978 947 921 903 842
Net Working Capital (NWC)		 266 247 207 204 207 184 207 196 183 178 206
Net Nonoperating Expense (NNE)		 24 14 14 9.56 17 13 23 9.77 12 10 9.77
Net Nonoperating Obligations (NNO)		 869 926 857 874 1,031 991 985 937 921 875 796
Total Depreciation and Amortization (D&A)		 11 11 11 11 12 12 13 13 13 13 13
Debt-free, Cash-free Net Working Capital to Revenue		 31.25% 33.01% 28.40% 29.72% 37.56% 34.54% 35.62% 33.64% 32.26% 31.85% 30.37%
Debt-free Net Working Capital to Revenue		 39.96% 41.94% 38.24% 38.95% 43.67% 42.95% 42.13% 41.02% 39.28% 40.28% 38.33%
Net Working Capital to Revenue		 11.02% 10.19% 8.40% 8.39% 8.73% 7.61% 8.91% 8.49% 7.81% 7.92% 9.37%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.04 $0.07 $1.42 $0.18 $0.80 $0.15 ($2.42) $0.04 ($0.36) ($0.12) $0.70
Adjusted Weighted Average Basic Shares Outstanding		 22.20M 22.30M 22.27M 22.27M 22.62M 22.62M 21.52M 22.05M 21.94M 22.03M 22.07M
Adjusted Diluted Earnings per Share		 $0.04 $0.07 $1.37 $0.17 $0.77 $0.14 ($2.42) $0.08 ($0.36) ($0.12) $0.66
Adjusted Weighted Average Diluted Shares Outstanding		 22.81M 23.00M 23.05M 23.01M 23.39M 23.32M 21.52M 22.05M 21.94M 22.03M 23.16M
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		 22.30M 22.30M 22.32M 22.59M 22.71M 21.47M 21.46M 21.87M 22.03M 22.03M 22.09M
Normalized Net Operating Profit after Tax (NOPAT)		 13 15 45 14 35 16 19 9.69 3.44 7.59 25
Normalized NOPAT Margin		 2.52% 2.62% 5.97% 2.54% 7.45% 2.50% 2.93% 1.76% 0.68% 1.44% 4.16%
Pre Tax Income Margin		 0.12% 0.35% 5.65% 1.58% 4.32% 0.72% -8.90% -0.63% -2.16% -0.72% 3.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.03 1.10 3.35 1.49 2.08 1.25 -2.45 0.80 0.31 0.74 2.60
NOPAT to Interest Expense		 1.38 0.79 2.48 0.80 1.86 0.87 -1.72 0.56 0.22 0.52 1.78
EBIT Less CapEx to Interest Expense		 0.31 0.32 2.53 0.57 1.41 0.71 -3.30 0.03 0.47 0.05 2.05
NOPAT Less CapEx to Interest Expense		 0.65 0.01 1.66 -0.13 1.19 0.33 -2.56 -0.21 0.37 -0.17 1.22
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% 4.35% 5.53% 0.00% 25.24% -105.88% -89.32% 0.00% -23.94% 0.00%

Financials Breakdown Chart

Key Financial Trends

MarineMax’s recent results show a meaningful recovery in profitability and cash generation, although revenue remains below the unusually strong levels reported in 2023 and 2024. The latest quarter, Q3 fiscal 2026, benefited from better gross margins, lower interest expense and the absence of the large impairment charge recorded in the restated Q3 fiscal 2025 results.

Q3 fiscal 2026 performance improved substantially. Revenue was $611.3 million, down 7.0% from $657.2 million in Q3 fiscal 2025 but up 15.9% sequentially from Q2. Gross profit increased to $218.1 million, lifting the gross margin to approximately 35.7%, compared with 30.4% a year earlier and 34.4% in Q2. Operating income rose to $37.2 million from a $41.5 million operating loss in the prior-year quarter.

MarineMax generated $15.6 million of consolidated net income and $15.4 million attributable to common shareholders in Q3 fiscal 2026, compared with a $52.0 million consolidated loss and a $52.1 million common-shareholder loss in the restated prior-year quarter. Diluted EPS improved to $0.66 from a loss of $2.42. The year-ago results included a $69.1 million impairment charge, so the comparison reflects both operational improvement and a favorable nonrecurring item.

  • Profitability has improved for three consecutive fiscal 2026 quarters. Operating income increased from $4.9 million in Q1 to $10.8 million in Q2 and $37.2 million in Q3, while net income moved from losses in Q1 and Q2 to a $15.6 million profit in Q3.
  • Gross-margin performance is trending favorably. The Q3 gross margin of approximately 35.7% was the highest of the first three fiscal 2026 quarters and materially exceeded the 30.4% restated margin in Q3 fiscal 2025.
  • Interest expense is declining. Q3 interest expense fell to $14.3 million from $16.9 million a year earlier and $14.7 million in Q2. The reduction provides some relief from the company’s substantial borrowing costs.
  • Operating cash flow strengthened significantly. Q3 operating cash flow was $85.2 million, up from $55.5 million in Q2 and roughly in line with $84.9 million in the restated Q3 fiscal 2025 period. Fiscal 2026 operating cash flow through Q3 totaled approximately $157.6 million, versus only $11.4 million in the comparable prior-year period.
  • MarineMax is reducing debt balances. Total short- and long-term debt declined to approximately $971.0 million at June 30, 2026, from $1.064 billion at March 31 and $1.136 billion at June 30, 2025. Q3 financing activity included $119.3 million of debt repayments against $25.8 million of new debt issuance.
  • Liquidity improved sequentially. The current ratio rose to approximately 1.23 at June 30, 2026, from 1.18 at March 31. Current liabilities also declined by more than $102 million during the quarter, primarily because of lower short-term debt.
  • Revenue remains below its recent peak. Fiscal 2026 revenue through Q3 was approximately $1.64 billion, down about 6.4% from the comparable fiscal 2025 period and well below the elevated quarterly revenue levels reported in 2023 and 2024. The sequential Q3 rebound is encouraging, but it has not yet established a durable growth trend.
  • Working-capital movements are supporting cash flow. Q3 operating cash flow included a $53.0 million benefit from changes in operating assets and liabilities. This is positive for near-term liquidity, but investors should monitor whether the benefit is repeatable or primarily reflects inventory and other seasonal working-capital movements.
  • Inventory remains a major balance-sheet exposure. Net inventory was $788.6 million, representing roughly 73% of current assets. Although inventory declined from $845.4 million in Q2 and $906.2 million a year earlier, unsold boats and related products can pressure margins, cash flow and borrowing needs if demand weakens.
  • Leverage and interest costs remain material risks. Debt of approximately $971 million was more than five times Q3 operating income, and cash interest paid was $14.6 million in the quarter. The company also ended Q3 with cash of $174.8 million, down from $189.1 million in Q2, as debt repayments more than offset operating cash generation.

Overall, MarineMax’s fiscal 2026 trend is considerably healthier than the prior year: margins are recovering, operating cash flow is strong and debt is moving lower. However, the company still operates with a large inventory base, substantial leverage and revenue below prior-cycle highs. The key question for investors is whether the Q3 improvement reflects a sustainable recovery in boat demand and merchandising margins or primarily seasonal working-capital benefits and easier comparisons following last year’s impairment charge.

08/10/26 09:59 AM ETAI Generated. May Contain Errors.

MarineMax Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MarineMax's fiscal year ends in September. Their fiscal 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. See where experts think MarineMax is headed by visiting MarineMax's forecast page.

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%.


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Financial statements for NYSE:HZO last updated on 7/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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