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MarineMax, Inc. HZO R2K

Consumer Cyclical · Specialty Retail · United States
https://www.marinemax.com

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. The company was incorporated in 1998 and is based in Oldsmar, Florida.

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$34.44
+62.45% 1Y

Market & Price

Market Cap
$758.65M
Current Price
$34.44
High / Low (52W)
$35.16 / $20.78
Beta
1.55

Valuation

Stock P/E
-
Industry PE
22.37
Forward P/E
21.25
PEG Ratio
1.09
Book Value
$42.32
Price to Book
0.81
P/S
0.34
EV/EBITDA
18.33
Dividend Yield
-

Profitability & Returns

ROCE
2.29%
ROE
-6.46%
ROA
1.14%
Profit Margin
-2.83%
Op Margin
1.70%
EPS (Latest Qtr)
$-0.12
EPS (TTM)
$-2.85

Balance Sheet & Liquidity

Debt/Equity
1.28
Quick Ratio
0.30
Current Ratio
1.18
Debt
$1.21B
Total Assets
$2.47B
Current Assets
$1.18B
Working Capital
$196.00M

Ownership

Promoter Holding
11.48%
Chg in Prom Hold
-
FII / Inst Holding
91.67%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.79B
Total Revenue (TTM)
$2.24B
EBITDA
$97.44M
Free Cash Flow
$126.60M
Operating Cash Flow
$218.74M
Shares Outstanding
22.03M
Gross Margin
32.69%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
0.02%
Profit 5Y
-38.66%
Revenue (YoY)
-16.50%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -38.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HZO MarineMax, Inc. R2K 34.44 - $758.65M - 2.29% -6.46% 0.02% -38.66%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Dec 2021Mar 2022Jun 2022Dec 2022Mar 2023Jun 2023Dec 2023Mar 2024Jun 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ------226.88M245.02M329.81M250.62M236.92M270.61M361.25M308.59M241.94M303.59M383.49M308.14M304.17M308.48M498.30M398.76M411.52M523.10M666.33M472.69M610.11M688.54M507.93M570.34M721.84M527.27M582.89M757.72M468.46M631.51M657.16M552.15M505.18M527.41M
Cost of Revenue -----------------------------------442.00M457.54M360.71M344.71M346.13M
Gross Profit 57.04M48.07M41.61M49.03M78.90M56.48M53.14M61.06M84.79M66.33M59.25M69.29M90.69M79.00M63.48M74.20M97.71M87.44M80.02M78.78M123.45M116.47M123.40M156.81M204.67M167.20M205.31M236.47M186.90M200.91M243.81M175.48M190.42M242.10M169.65M189.51M199.62M191.44M160.47M181.29M
Operating Expenses -----------------------------------166.77M172.11M177.60M155.55M170.45M
Operating Income 15.99M6.34M2.66M5.57M24.58M7.44M6.04M6.28M25.23M7.73M9.00M10.63M26.60M16.95M8.99M10.23M28.74M12.58M15.63M9.72M48.62M32.75M31.98M52.87M80.91M47.20M71.78M95.30M36.50M55.41M74.58M19.00M21.40M61.03M38.97M22.74M27.52M13.84M4.92M10.84M
EBITDA -----------------------------------34.99M-29.00M26.78M17.50M23.55M
Interest Expense -----------------------------------18.18M16.94M17.30M15.86M14.66M
Pretax Income -----------------------------------4.56M-58.48M-3.45M-10.94M-3.82M
Tax Provision -----------------------------------1.40M-6.51M-3.37M-2.84M-1.11M
Net Income 14.85M32.84M688.00K2.49M13.82M5.59M2.64M2.75M14.24M3.91M4.21M6.18M17.38M11.54M4.91M5.30M19.09M6.68M9.06M5.07M34.93M25.58M23.60M38.94M59.62M35.94M53.51M70.18M19.69M30.04M44.42M930.00K1.59M31.55M18.07M3.30M-52.15M-851.00K-7.93M-2.60M
Diluted EPS 0.591.320.030.100.560.220.110.110.570.170.190.270.750.500.210.230.840.310.410.231.581.131.041.692.591.592.373.170.891.351.980.040.071.370.770.14-2.42-0.04-0.36-0.12

Profit & Loss (Annual)

Figures in USD.

Metric Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Revenue -------942.05M1.05B1.18B1.24B1.51B2.06B2.31B2.39B2.43B2.31B
Cost of Revenue -------------1.50B1.56B1.63B1.56B
Gross Profit 88.66M110.81M119.49M133.28M150.85M161.82M184.77M226.03M265.31M298.23M322.83M398.71M659.43M805.75M835.33M801.20M750.23M
Operating Expenses -------------540.55M634.53M672.97M647.16M
Operating Income -71.34M-13.16M-8.40M5.37M18.35M15.39M25.33M40.25M45.29M63.18M60.53M106.72M209.46M265.20M200.80M128.23M103.07M
EBITDA -------------284.62M241.83M172.71M83.34M
Interest Expense -------------3.28M53.37M73.89M71.16M
Pretax Income -------------261.92M147.44M54.33M-37.14M
Tax Provision -------------63.93M37.96M15.59M-6.38M
Net Income -76.77M2.50M-11.52M1.10M15.02M11.27M48.29M22.58M23.55M39.31M35.98M74.63M154.98M197.99M109.28M38.07M-31.63M
Diluted EPS -4.110.11-0.520.050.630.461.920.910.951.711.573.376.788.844.871.65-1.43

Compounded Sales Growth

5 Years:0.02%
1 Year:-16.50%

Compounded Profit Growth

5 Years:-38.66%
1 Year:-

Stock Price Performance

1 Year:+62.45%
6 Months:+39.49%
3 Months:+12.92%
1 Month:+20.46%

Balance Sheet (Annual)

Figures in USD.

Metric Sep 2008Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Assets --336.76M363.13M365.12M381.90M402.68M467.62M546.69M639.99M640.54M784.08M775.32M-1.35B2.42B2.61B2.47B
Current Assets --------------754.00M1.12B1.27B1.18B
Cash & Equivalents 30.26M25.51M16.54M19.39M23.62M23.76M27.84M32.61M38.59M41.95M48.82M38.51M155.49M-228.27M201.46M224.33M170.35M
Inventory --------------454.36M812.83M906.64M867.33M
Receivables --------------41.22M70.75M84.12M81.87M
Total Liabilities --134.73M168.13M164.18M160.09M163.39M183.98M234.22M337.79M287.45M415.26M319.92M-570.11M1.50B1.62B1.52B
Current Liabilities --130.98M162.23M160.87M159.62M162.83M183.39M231.88M334.69M286.01M412.89M272.53M-412.77M847.05M1.07B984.88M
Long Term Debt ------------7.34M-45.30M389.23M355.91M356.24M
Total Debt --------------279.56M1.09B1.23B1.25B
Total Equity 248.58M197.76M202.03M195.00M200.94M221.81M239.29M283.64M312.47M302.20M353.09M368.82M455.40M-782.67M915.84M975.79M937.19M
Shares Outstanding --------------28.94M29.37M29.90M30.54M

Cash Flows (Annual)

Figures in USD.

Metric Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Operating Cash Flow 209.10M40.22M-14.68M8.67M7.81M--22.86M4.75M70.41M-12.43M304.68M-76.59M-222.24M-25.66M72.81M
Investing Cash Flow -1.86M-1.99M-8.69M-7.64M-12.60M---29.75M-32.10M-23.32M-56.33M-30.11M--140.45M-576.37M-81.35M-55.62M
Financing Cash Flow -212.00M-47.19M26.22M3.20M4.93M--12.86M30.72M-40.23M58.63M-158.13M-73.06M770.40M128.51M-71.98M
Capital Expenditure -2.10M-4.16M-6.58M-5.73M-9.82M-9.19M-9.75M-12.91M-14.37M-13.80M-17.06M-12.81M--58.46M-65.41M-60.42M-60.86M
Free Cash Flow 207.00M36.06M-21.27M2.94M-2.01M--9.95M-9.62M56.61M-29.49M291.87M-18.14M-287.64M-86.08M11.94M
Net Change in Cash -------------9.21M-28.20M21.50M-54.80M

Ratios (Annual)

Figures in %.

Metric Sep 2009Sep 2010Sep 2011Sep 2012Sep 2013Sep 2014Sep 2015Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Gross Margin % -------24.0%25.2%25.3%26.1%26.4%32.0%34.9%34.9%33.0%32.5%
Operating Margin % -------4.3%4.3%5.4%4.9%7.1%10.2%11.5%8.4%5.3%4.5%
Net Margin % -------2.4%2.2%3.3%2.9%4.9%7.5%8.6%4.6%1.6%-1.4%
ROE % -38.8%1.2%-5.9%0.5%6.8%4.7%17.0%7.2%7.8%11.1%9.8%16.4%-25.3%11.9%3.9%-3.4%
ROCE % --6.4%-4.2%2.6%8.3%6.4%8.9%12.8%14.8%17.8%16.3%21.2%-28.2%12.8%8.3%6.9%

Shareholding Pattern

Insiders
11.48%
Institutions
91.67%
Public Float
103.55%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 13.87% 3.05M $105.21M
2 American Century Companies Inc 9.63% 2.12M $73.03M
3 Dimensional Fund Advisors LP 4.39% 966.61K $33.29M
4 State Street Corporation 4.24% 933.94K $32.16M
5 Boothbay Fund Management, LLC 3.90% 859.49K $29.60M
6 Vanguard Capital Management LLC 3.88% 854.68K $29.44M
7 Invesco Ltd. 2.81% 618.33K $21.30M
8 Levin Capital Strategies, LP 2.75% 606.47K $20.89M
9 Charles Schwab Investment Management, Inc. 2.61% 574.67K $19.79M
10 Royce & Associates LP 2.28% 501.16K $17.26M

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