NYSE : HZO
MarineMax, Inc. — Financial statements
Consumer Discretionary · Specialty Retail · United States
Last price 52.59 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.16B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MarineMax, Inc. (HZO) reported revenue of 2.20B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.20B | 2.31B | 2.43B | 2.39B | 2.31B | 2.06B |
| Cost of Revenue | 1.44B | 1.56B | 1.63B | 1.56B | 1.50B | 1.40B |
| Gross Profit | 751.28M | 750.23M | 801.20M | 835.33M | 805.75M | 659.43M |
| Selling, General & Admin | 687.26M | 675.28M | 676.00M | 632.15M | 540.55M | 449.97M |
| Operating Expenses | 687.26M | 675.28M | 676.00M | 632.15M | 540.55M | 449.97M |
| Operating Income | 64.02M | 74.95M | 125.20M | 203.17M | 265.20M | 209.46M |
| Interest Expense | -62.12M | -71.16M | -73.89M | -53.37M | -3.28M | -3.67M |
| EBT Excluding Unusual Items | 1.89M | 3.79M | 51.30M | 149.81M | 261.92M | 205.79M |
| Impairment of Goodwill | -69.06M | |||||
| Other Unusual Items | 2.81M | 28.13M | 3.03M | -2.37M | ||
| Pretax Income | 4.70M | -37.14M | 54.33M | 147.44M | 261.92M | 205.79M |
| Income Tax Expense | -57.00K | -6.38M | 15.59M | 37.96M | 63.93M | 50.81M |
| Earnings From Continuing Operations | 4.75M | -30.77M | 38.74M | 109.48M | 197.99M | 154.98M |
| Minority Interest in Earnings | -769.00K | -865.00K | -672.00K | -196.00K | ||
| Net Income | 3.99M | -31.63M | 38.07M | 109.28M | 197.99M | 154.98M |
| Net Income to Common | 3.99M | -31.63M | 38.07M | 109.28M | 197.99M | 154.98M |
| Shares Outstanding (Basic) | 21.87M | 22.05M | 22.27M | 21.85M | 21.71M | 22.01M |
| Shares Outstanding (Diluted) | 22.49M | 22.05M | 23.01M | 22.43M | 22.40M | 22.86M |
| EPS (Basic) | 0.18 | -1.43 | 1.71 | 5.00 | 9.12 | 7.04 |
| EPS (Diluted) | 0.18 | -1.43 | 1.65 | 4.87 | 8.84 | 6.78 |
| Free Cash Flow | 178.02M | 11.94M | -86.08M | -287.64M | 18.14M | 347.76M |
| Free Cash Flow Per Share | 7.92 | 0.54 | -3.74 | -12.82 | 0.81 | 15.21 |
| Gross Margin | 34.21% | 32.49% | 32.96% | 34.88% | 34.91% | 31.96% |
| Operating Margin | 2.92% | 3.25% | 5.15% | 8.48% | 11.49% | 10.15% |
| Profit Margin | 0.18% | -1.37% | 1.57% | 4.56% | 8.58% | 7.51% |
| Free Cash Flow Margin | 8.11% | 0.52% | -3.54% | -12.01% | 0.79% | 16.86% |
| EBITDA | 114.84M | 124.27M | 169.68M | 244.21M | 284.62M | 225.06M |
| EBITDA Margin | 5.23% | 5.38% | 6.98% | 10.20% | 12.33% | 10.91% |
| D&A For EBITDA | 50.82M | 49.32M | 44.49M | 41.03M | 19.42M | 15.61M |
| EBIT | 64.02M | 74.95M | 125.20M | 203.17M | 265.20M | 209.46M |
| EBIT Margin | 2.92% | 3.25% | 5.15% | 8.48% | 11.49% | 10.15% |
| Effective Tax Rate | 28.70% | 25.75% | 24.41% | 24.69% | ||
| Advertising Expenses | 38.60M | 37.20M | 36.00M | 25.80M | 14.80M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 174.78M | 170.35M | 224.33M | 201.46M | 228.27M | 222.19M |
| Cash & Short-Term Investments | 174.78M | 170.35M | 224.33M | 201.46M | 228.27M | 222.19M |
| Accounts Receivable | 99.01M | 86.87M | 89.82M | 76.05M | 47.12M | 44.65M |
| Other Receivables | 26.41M | 22.29M | 15.03M | 9.07M | 8.70M | |
| Receivables | 99.01M | 113.29M | 112.11M | 91.08M | 56.19M | 53.35M |
| Inventory | 788.64M | 867.33M | 906.64M | 812.83M | 454.36M | 230.98M |
| Prepaid Expenses | 24.34M | 22.31M | 18.14M | 17.81M | 15.18M | 10.99M |
| Other Current Assets | 7.60M | 12.00M | ||||
| Total Current Assets | 1.09B | 1.18B | 1.27B | 1.12B | 754.00M | 517.52M |
| Property, Plant & Equipment | 677.51M | 690.46M | 669.37M | 666.34M | 342.85M | 280.36M |
| Long-Term Investments | 371.00K | 481.00K | 716.00K | 1.41M | 1.53M | 150.00K |
| Goodwill | 525.12M | 526.93M | 592.29M | 559.82M | 235.59M | 195.56M |
| Other Intangible Assets | 34.01M | 35.42M | 37.46M | 39.71M | 10.89M | 5.56M |
| Other Long-Term Assets | 34.56M | 36.27M | 32.02M | 30.85M | 7.93M | 8.67M |
| Total Assets | 2.36B | 2.47B | 2.61B | 2.42B | 1.35B | 1.01B |
| Accounts Payable | 43.86M | 56.38M | 54.48M | 71.71M | 34.34M | 25.74M |
| Accrued Expenses | 128.38M | 119.98M | 119.92M | 107.43M | 80.59M | 86.59M |
| Short-Term Debt | 608.32M | 715.68M | 708.99M | 537.06M | 132.03M | 23.94M |
| Current Portion of Long-Term Debt | 27.52M | 35.59M | 33.77M | 33.77M | 2.88M | 3.59M |
| Current Portion of Leases | 11.49M | 10.49M | 9.76M | 10.07M | 9.69M | 10.57M |
| Current Unearned Revenue | 61.39M | 45.70M | 64.84M | 81.70M | 144.43M | 100.66M |
| Other Current Liabilities | 1.06M | 77.38M | 5.32M | 8.81M | ||
| Total Current Liabilities | 880.96M | 984.88M | 1.07B | 847.05M | 412.77M | 251.09M |
| Long-Term Debt | 335.17M | 356.24M | 355.91M | 389.23M | 45.30M | 47.50M |
| Long-Term Leases | 127.30M | 127.97M | 124.53M | 123.79M | 89.66M | 96.96M |
| Long-Term Deferred Tax Liabilities | 46.58M | 47.45M | 60.32M | 56.93M | 15.40M | 9.27M |
| Other Long-Term Liabilities | 4.42M | 5.15M | 8.93M | 85.89M | 6.97M | 8.12M |
| Total Liabilities | 1.39B | 1.52B | 1.62B | 1.50B | 570.11M | 412.93M |
| Common Stock | 31.00K | 31.00K | 30.00K | 29.00K | 29.00K | 29.00K |
| Additional Paid-In Capital | 374.26M | 360.82M | 343.91M | 323.22M | 303.43M | 288.90M |
| Retained Earnings | 751.22M | 746.38M | 778.01M | 739.95M | 630.67M | 432.68M |
| Treasury Stock | -178.28M | -178.28M | -150.80M | -148.66M | -148.66M | -127.36M |
| Comprehensive Income & Other | 5.25M | 8.23M | 4.64M | 1.30M | -2.81M | 648.00K |
| Total Common Equity | 952.49M | 937.19M | 975.79M | 915.84M | 782.67M | 594.89M |
| Minority Interest | 11.42M | 11.56M | 10.45M | 2.57M | ||
| Shareholders' Equity | 963.91M | 948.75M | 986.25M | 918.42M | 782.67M | 594.89M |
| Total Liabilities & Equity | 2.36B | 2.47B | 2.61B | 2.42B | 1.35B | 1.01B |
| Total Debt | 1.11B | 1.25B | 1.23B | 1.09B | 279.56M | 182.55M |
| Net Cash (Debt) | -935.03M | -1.08B | -1.01B | -892.46M | -51.28M | 39.64M |
| Net Cash Per Share | -41.58 | -48.78 | -43.83 | -39.79 | -2.29 | 1.73 |
| Filing Date Shares Outstanding | 22.09M | 21.87M | 22.59M | 22.17M | 21.72M | 21.86M |
| Total Common Shares Outstanding | 22.09M | 21.87M | 22.54M | 22.11M | 21.67M | 21.82M |
| Working Capital | 205.82M | 196.00M | 204.07M | 276.13M | 341.23M | 266.43M |
| Book Value Per Share | 43.12 | 42.86 | 43.28 | 41.43 | 36.11 | 27.26 |
| Tangible Book Value | 393.36M | 374.84M | 346.04M | 316.31M | 536.20M | 393.77M |
| Tangible Book Value Per Share | 17.81 | 17.14 | 15.35 | 14.31 | 24.74 | 18.04 |
| Land | 125.77M | 124.97M | 124.61M | 80.31M | 57.33M | |
| Buildings | 462.75M | 435.67M | 413.69M | 179.16M | 137.27M | |
| Machinery | 160.60M | 139.38M | 133.52M | 97.81M | 78.68M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.99M | -31.63M | 38.07M | 109.28M | 197.99M | 154.98M |
| Depreciation & Amortization | 50.82M | 49.32M | 44.49M | 41.03M | 19.42M | 15.61M |
| Loss (Gain) From Sale of Assets | -2.94M | -205.00K | 432.00K | -354.00K | -108.00K | |
| Asset Writedown & Restructuring Costs | 69.06M | |||||
| Loss (Gain) From Sale of Investments | -5.13M | |||||
| Stock-Based Compensation | 14.15M | 19.35M | 23.96M | 21.66M | 16.01M | 9.75M |
| Other Operating Activities | -3.43M | -35.58M | 5.88M | 24.69M | 6.95M | 5.70M |
| Change in Accounts Receivable | 11.64M | -3.65M | -20.43M | -30.98M | -563.00K | -627.00K |
| Change in Inventory | 117.62M | 35.49M | -90.97M | -351.75M | -198.02M | 139.83M |
| Change in Accounts Payable | -704.00K | 1.71M | -17.59M | 24.04M | 7.36M | -16.13M |
| Change in Unearned Revenue | 12.49M | -18.67M | -16.89M | -65.62M | 26.27M | 60.96M |
| Change in Other Net Operating Assets | 15.37M | -12.39M | 7.38M | 10.89M | 1.28M | 3.81M |
| Operating Cash Flow | 219.01M | 72.81M | -25.66M | -222.24M | 76.59M | 373.88M |
| Capital Expenditures | -40.98M | -60.86M | -60.42M | -65.41M | -58.46M | -26.12M |
| Sale of Property, Plant & Equipment | 12.11M | 10.83M | 450.00K | 2.74M | 703.00K | 350.00K |
| Cash Acquisitions | -10.48M | -21.95M | -516.79M | -83.20M | -134.21M | |
| Sale (Purchase) of Intangibles | 6.17M | |||||
| Investment in Securities | -493.00K | -493.00K | -343.00K | 500.00K | -2.25M | |
| Other Investing Activities | 2.49M | -783.00K | 581.00K | 3.44M | 1.10M | |
| Investing Cash Flow | -26.88M | -55.62M | -81.35M | -576.37M | -140.45M | -161.13M |
| Short-Term Debt Issued | 6.68M | 170.00M | 404.71M | 107.80M | ||
| Long-Term Debt Issued | 36.54M | 400.00M | 46.38M | |||
| Total Debt Issued | -19.54M | 43.23M | 170.00M | 804.71M | 107.80M | 46.38M |
| Short-Term Debt Repaid | -162.66M | |||||
| Long-Term Debt Repaid | -34.22M | -33.77M | -25.27M | -2.90M | -2.40M | |
| Total Debt Repaid | -143.34M | -34.22M | -33.77M | -25.27M | -2.90M | -165.06M |
| Net Debt Issued (Repaid) | -162.87M | 9.00M | 136.23M | 779.44M | 104.90M | -118.68M |
| Issuance of Common Stock | 2.57M | 2.59M | 2.64M | 2.35M | 2.20M | 2.63M |
| Repurchase of Common Stock | -4.68M | -32.06M | -7.33M | -3.04M | -25.94M | -25.96M |
| Other Financing Activities | -3.13M | -51.51M | -3.03M | -8.34M | -8.10M | -3.72M |
| Financing Cash Flow | -168.11M | -71.98M | 128.51M | 770.40M | 73.06M | -145.74M |
| Foreign Exchange Rate Adjustments | -259.00K | 825.00K | 1.37M | 1.38M | -3.13M | -307.00K |
| Net Cash Flow | 23.76M | -53.98M | 22.87M | -26.82M | 6.08M | 66.70M |
| Free Cash Flow | 178.02M | 11.94M | -86.08M | -287.64M | 18.14M | 347.76M |
| Free Cash Flow Margin | 8.11% | 0.52% | -3.54% | -12.01% | 0.79% | 16.86% |
| Free Cash Flow Per Share | 7.92 | 0.54 | -3.74 | -12.82 | 0.81 | 15.21 |
| Levered Free Cash Flow | 183.36M | -38.80M | -36.61M | -307.11M | -34.54M | 272.57M |
| Unlevered Free Cash Flow | 222.19M | 5.68M | 9.58M | -273.75M | -32.49M | 274.86M |
| Cash Interest Paid | 67.01M | 77.42M | 79.31M | 51.97M | 2.59M | 4.45M |
| Cash Income Tax Paid | 7.67M | 9.20M | 9.83M | 30.03M | 64.84M | 53.36M |
| Change in Working Capital | 156.41M | 2.49M | -138.49M | -413.42M | -163.67M | 187.85M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.17B | 543.67M | 787.17M | 719.10M | 641.50M | 1.06B |
| Enterprise Value | 2.10B | 1.68B | 1.79B | 1.57B | 619.33M | 1.02B |
| Last Close Price | 52.76 | 25.33 | 35.27 | 32.82 | 29.79 | 48.52 |
| PE Ratio | 299.37 | 20.68 | 6.58 | 3.24 | 6.81 | |
| Forward PE | 37.86 | 16.06 | 12.18 | 7.56 | 3.65 | 7.24 |
| PS Ratio | 0.53 | 0.23 | 0.32 | 0.30 | 0.28 | 0.51 |
| PB Ratio | 1.22 | 0.57 | 0.80 | 0.78 | 0.82 | 1.77 |
| P/TBV Ratio | 2.96 | 1.45 | 2.27 | 2.27 | 1.20 | 2.68 |
| P/FCF Ratio | 6.55 | 45.53 | 35.37 | 3.03 | ||
| P/OCF Ratio | 5.32 | 7.47 | 8.38 | 2.82 | ||
| PEG Ratio | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | |
| EV/Sales Ratio | 0.96 | 0.73 | 0.74 | 0.66 | 0.27 | 0.49 |
| EV/EBITDA Ratio | 18.29 | 13.50 | 10.54 | 6.43 | 2.18 | 4.52 |
| EV/EBIT Ratio | 32.81 | 22.38 | 14.29 | 7.73 | 2.33 | 4.85 |
| EV/FCF Ratio | 11.80 | 140.45 | 34.14 | 2.92 | ||
| Debt / Equity Ratio | 1.15 | 1.31 | 1.25 | 1.19 | 0.36 | 0.31 |
| Debt / EBITDA Ratio | 7.44 | 7.86 | 6.06 | 3.98 | 0.91 | 0.73 |
| Debt / FCF Ratio | 6.23 | 104.33 | 15.41 | 0.53 | ||
| Net Debt / Equity Ratio | 0.97 | 1.13 | 1.02 | 0.97 | 0.07 | -0.07 |
| Net Debt / EBITDA Ratio | 8.14 | 8.66 | 5.94 | 3.65 | 0.18 | -0.18 |
| Net Debt / FCF Ratio | 5.25 | 90.07 | -11.72 | -3.10 | 2.83 | -0.11 |
| Asset Turnover | 0.91 | 0.91 | 0.97 | 1.27 | 1.96 | 2.31 |
| Inventory Turnover | 1.71 | 1.76 | 1.90 | 2.46 | 4.38 | 5.31 |
| Quick Ratio | 0.31 | 0.29 | 0.32 | 0.34 | 0.69 | 1.10 |
| Current Ratio | 1.23 | 1.20 | 1.19 | 1.33 | 1.83 | 2.06 |
| Return on Equity (ROE) | 0.50% | -3.18% | 4.07% | 12.87% | 28.74% | 29.51% |
| Return on Assets (ROA) | 1.65% | 1.85% | 3.11% | 6.73% | 14.04% | 14.68% |
| Return on Invested Capital (ROIC) | 3.32% | 3.73% | 4.69% | 11.41% | 28.86% | 30.11% |
| Return on Capital Employed (ROCE) | 4.30% | 5.00% | 8.20% | 12.90% | 28.20% | 27.70% |
| Earnings Yield | 0.33% | -5.82% | 4.84% | 15.20% | 30.86% | 14.69% |
| FCF Yield | 15.28% | 2.20% | -10.94% | -40.00% | 2.83% | 32.96% |
| Buyback Yield / Dilution | -0.98% | 4.18% | -2.61% | -0.14% | 2.01% | -3.32% |