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MarineMax, Inc.

MarineMax, Inc.

NYSE•HZO
CEO: Mr. William Brett McGill
Sector: Consumer Cyclical
Industry: Specialty Retail
Listing Date: 1998-06-03
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage services; and boat or yacht brokerage services, as well as yacht charters and power catamarans. Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, trailer tire and wheel protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts. Additionally, the company operates MarineMax vacations in Tortola and British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. MarineMax, Inc. was incorporated in 1998 and is based in Oldsmar, Florida.
Contact Information
501 Brooker Creek Boulevard, Oldsmar, FL, 34677, United States
727-531-1700
www.marinemax.com
Market Cap
$569.48M
P/E (TTM)
-17.7
43.7
Dividend Yield
--
52W High
$33.45
52W Low
$16.85
52W Range
55%
Rank36Top 23.7%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$552.15M-1.95%
4-Quarter Trend

EPS

-$0.04-122.11%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Decline Amidst Headwinds Revenue $2.31B, down 5.0% due to challenging retail environment and lower comparable store sales across segments.
Net Loss Recorded FY2025 Net loss attributable to MarineMax was ($31.6M) in fiscal 2025, reversing prior year net income of $38.1M.
Gross Margin Compression Gross profit margin compressed to 32.5% from 33.0% due to lower new boat margins in the difficult retail environment.
Operating Cash Flow Improvement Operating cash flow provided $72.8M, a significant reversal from $25.7M used in operating activities during the prior fiscal year.

Risk Factors

Manufacturer Reliance and Supply Success heavily depends on key manufacturers like Brunswick and Azimut; supply disruptions pose material adverse effects on product availability.
Economic Sensitivity to Luxury Strategic focus on luxury goods means economic downturns or high interest rates disproportionately reduce discretionary consumer spending.
Acquisition Integration Challenges Failure to successfully integrate past acquisitions, like IGY Marinas, may prevent expected synergies and value creation realization.
Product Segment Impairment Declining performance in Product Manufacturing led to $69.1M goodwill impairment charge, signaling segment weakness and valuation concerns.

Outlook

Sustainable Growth Strategy Strategy centers on sustainable, profitable growth via strategic acquisitions and expanding global presence across diverse marine sectors.
Digital Platform Advancement Advancing digital technology initiatives through proprietary platforms like Boatzon and Boatyard to enhance customer engagement and value.
Inventory Optimization Plans Plan to continue optimizing inventory levels and utilizing manufacturer incentives during slow seasons for improved pricing advantages.
Capital Resource Management Relying on existing capital resources and Amended Credit Facility for working capital needs, except for potential significant acquisitions.

Peer Comparison

Revenue (TTM)

Betterware de México, S.A.P.I. de C.V.BWMX
$14.22B
+3.6%
Cooper-Standard Holdings Inc.CPS
$2.73B
-0.5%
MarineMax, Inc.HZO
$2.31B
-5.0%

Gross Margin (Latest Quarter)

Yatsen Holding LimitedYSG
78.3%
+1.6pp
Betterware de México, S.A.P.I. de C.V.BWMX
68.5%
-2.7pp
Jumia Technologies AGJMIA
52.4%
-6.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
JMIA$775.80M-11.1-89.4%7.9%
GDEN$732.35M48.13.2%42.6%
SFIX$709.31M-25.1-14.3%16.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.6%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:-$0.12
|
Revenue:$481.65M
Reports
All Years
  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 17, 2025|
    Revenue: $2.31B-5.0%
    |
    EPS: $-1.43-183.6%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $657.16M-13.3%
    |
    EPS: $-2.42-270.4%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Sep 30, 2024|Filed: Apr 24, 2025|
    Revenue: $2.43B+1.5%
    |
    EPS: $1.71-65.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: Apr 24, 2025|
    Revenue: $631.52M+8.3%
    |
    EPS: $0.15+110.7%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Jan 23, 2025|
    Revenue: $468.46M-11.2%
    |
    EPS: $0.80+1809.3%
    Meet
  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 14, 2024|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Jul 25, 2024|
    Revenue: $757.72M+5.0%
    |
    EPS: $1.42-30.0%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: Apr 25, 2024|
    Revenue: $582.89M+2.2%
    |
    EPS: $0.07-94.8%
    Miss