MarineMax (HZO) Financials

$18.87 +0.01 (+0.05%)

As of 03:59 PM 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	198	109	38
Consolidated Net Income / (Loss)	198	109	39
Net Income / (Loss) Continuing Operations	198	109	39
Total Pre-Tax Income	262	147	54
Total Operating Income	265	201	128
Total Gross Profit	806	835	801
Total Revenue	2,308	2,395	2,431
Operating Revenue	2,308	2,395	2,431
Total Cost of Revenue	1,502	1,559	1,630
Operating Cost of Revenue	1,502	1,559	1,630
Total Operating Expenses	541	635	673
Selling, General & Admin Expense	541	635	673
Total Other Income / (Expense), net	-3.28	-53	-74
Interest Expense	3.28	53	74
Income Tax Expense	64	38	16
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.20	0.67
Basic Earnings per Share	$9.12	$5.00	$1.71
Weighted Average Basic Shares Outstanding	21.71M	21.85M	22.27M
Diluted Earnings per Share	$8.84	$4.87	$1.65
Weighted Average Diluted Shares Outstanding	22.40M	22.43M	23.01M
Weighted Average Basic & Diluted Shares Outstanding	21.72M	22.17M	22.59M

This table shows MarineMax's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	70	38	20	30	44	15	0.93	1.59	32	4.00	18
Consolidated Net Income / (Loss)	70	38	20	30	44	15	0.85	1.45	32	4.73	18
Net Income / (Loss) Continuing Operations	70	38	20	30	44	15	0.85	1.45	32	4.73	18
Total Pre-Tax Income	94	50	27	42	60	19	0.63	2.03	43	8.87	20
Total Operating Income	95	51	37	55	75	34	19	21	61	27	39
Total Gross Profit	236	197	187	201	244	204	175	190	242	193	170
Total Revenue	689	537	508	570	722	595	527	583	758	563	468
Operating Revenue	689	537	508	570	722	595	527	583	758	563	468
Total Cost of Revenue	452	340	321	369	478	391	352	392	516	370	299
Operating Cost of Revenue	452	340	321	369	478	391	352	392	516	370	299
Total Operating Expenses	141	146	150	146	169	169	156	169	181	166	131
Selling, General & Admin Expense	141	146	150	146	169	169	156	169	181	166	131
Total Other Income / (Expense), net	-1.01	-0.98	-9.48	-13	-15	-16	-18	-19	-18	-18	-19
Interest Expense	1.01	0.98	9.48	13	15	16	18	19	18	18	19
Income Tax Expense	24	12	7.03	12	15	3.27	-0.21	0.58	11	4.14	2.10
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	0.30	-0.11	-0.09	0.10	-0.09	-0.14	0.16	0.73	0.06
Basic Earnings per Share	$3.26	$1.77	$0.91	$1.37	$2.03	$0.69	$0.04	$0.07	$1.42	$0.18	$0.80
Weighted Average Basic Shares Outstanding	21.52M	21.71M	21.76M	21.85M	21.89M	21.85M	22.20M	22.30M	22.27M	22.27M	22.62M
Diluted Earnings per Share	$3.17	$1.71	$0.89	$1.35	$1.98	$0.65	$0.04	$0.07	$1.37	$0.17	$0.77
Weighted Average Diluted Shares Outstanding	22.17M	22.40M	22.22M	22.31M	22.43M	22.43M	22.81M	23.00M	23.05M	23.01M	23.39M
Weighted Average Basic & Diluted Shares Outstanding	21.53M	21.72M	21.85M	21.85M	21.91M	22.17M	22.30M	22.30M	22.32M	22.59M	22.71M

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	2022	2023	2024
Net Change in Cash & Equivalents	6.08	-27	23
Net Cash From Operating Activities	77	-222	-26
Net Cash From Continuing Operating Activities	77	-222	-26
Net Income / (Loss) Continuing Operations	198	109	39
Consolidated Net Income / (Loss)	198	109	39
Depreciation Expense	19	41	44
Non-Cash Adjustments To Reconcile Net Income	21	15	29
Changes in Operating Assets and Liabilities, net	-162	-388	-138
Net Cash From Investing Activities	-140	-576	-81
Net Cash From Continuing Investing Activities	-140	-576	-81
Purchase of Property, Plant & Equipment	-58	-65	-60
Acquisitions	-83	-517	-22
Purchase of Investments	-1.75	-2.49	0.00
Sale of Property, Plant & Equipment	0.70	2.74	0.45
Sale and/or Maturity of Investments	2.25	2.14	0.00
Other Investing Activities, net	0.00	3.44	0.58
Net Cash From Financing Activities	73	770	129
Net Cash From Continuing Financing Activities	73	770	129
Repayment of Debt	102	-25	-34
Repurchase of Common Equity	-21	0.00	-2.14
Issuance of Debt	0.00	805	170
Issuance of Common Equity	2.20	2.35	2.64
Other Financing Activities, net	-9.59	-11	-8.23
Effect of Exchange Rate Changes	-3.13	1.38	1.37
Cash Interest Paid	2.59	52	79
Cash Income Taxes Paid	65	30	9.83

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	62	-53	-51	27	22	-25	8.87	6.36	26	-18	-79
Net Cash From Operating Activities	34	-46	-156	-94	54	-25	-89	-22	86	-0.78	-146
Net Cash From Continuing Operating Activities	34	-46	-156	-94	54	-25	-89	-22	86	-0.78	-146
Net Income / (Loss) Continuing Operations	70	38	20	30	44	15	0.85	1.45	32	4.73	18
Consolidated Net Income / (Loss)	70	38	20	30	44	15	0.85	1.45	32	4.73	18
Depreciation Expense	4.95	5.17	9.12	8.85	9.42	14	11	11	11	11	12
Non-Cash Adjustments To Reconcile Net Income	2.50	9.74	4.96	0.40	5.46	4.42	5.12	7.18	4.91	12	11
Changes in Operating Assets and Liabilities, net	-44	-100	-190	-133	-5.62	-59	-106	-42	38	-29	-186
Net Cash From Investing Activities	-15	-27	-498	-26	-40	-12	-17	-33	-15	-17	-6.46
Net Cash From Continuing Investing Activities	-15	-27	-498	-26	-40	-12	-17	-33	-15	-17	-6.46
Purchase of Property, Plant & Equipment	-11	-15	-10	-15	-23	-17	-13	-15	-15	-17	-18
Acquisitions	-3.72	-12	-488	-10	-17	-0.88	-4.36	-18	-	-	0.00
Sale of Property, Plant & Equipment	0.10	0.39	0.03	0.07	0.07	2.58	0.01	0.07	0.20	0.17	5.68
Other Investing Activities, net	-	-	0.18	-	2.25	1.02	0.38	0.11	0.04	0.05	6.17
Net Cash From Financing Activities	44	22	603	146	7.92	14	114	61	-45	-1.62	75
Net Cash From Continuing Financing Activities	44	22	603	146	7.92	14	114	61	-45	-1.62	75
Repayment of Debt	-0.47	104	-0.64	-8.10	-8.10	-8.43	-8.44	-8.44	-8.44	-8.44	-8.44
Issuance of Debt	48	-80	609	157	15	23	128	70	-36	7.81	86
Issuance of Common Equity	1.02	0.08	1.26	-	1.09	0.00	1.43	-	1.20	0.01	1.48
Other Financing Activities, net	-0.13	-2.00	-6.96	-3.00	-0.45	-0.98	-6.45	-0.38	-0.40	-1.00	-4.52
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	-1.47
Cash Interest Paid	1.15	0.80	1.83	12	22	17	18	21	21	19	19
Cash Income Taxes Paid	21	25	2.19	22	2.72	2.97	0.84	5.11	2.14	1.73	1.37

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	2022	2023	2024
Total Assets	1,353	2,421	2,605
Total Current Assets	754	1,123	1,273
Cash & Equivalents	228	201	224
Accounts Receivable	50	86	106
Inventories, net	454	813	907
Prepaid Expenses	21	23	36
Plant, Property, & Equipment, net	246	528	533
Total Noncurrent Assets	353	771	799
Goodwill	236	560	592
Intangible Assets	11	40	37
Other Noncurrent Operating Assets	106	171	169
Total Liabilities & Shareholders' Equity	1,353	2,421	2,605
Total Liabilities	570	1,503	1,619
Total Current Liabilities	413	847	1,069
Short-Term Debt	135	571	743
Accounts Payable	34	72	54
Accrued Expenses	89	113	197
Current Deferred Revenue	144	82	65
Other Current Liabilities	9.69	10	9.76
Total Noncurrent Liabilities	157	656	550
Long-Term Debt	45	389	356
Noncurrent Deferred & Payable Income Tax Liabilities	15	57	60
Other Noncurrent Operating Liabilities	97	210	133
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	783	918	986
Total Preferred & Common Equity	783	916	976
Preferred Stock	0.00	0.00	0.00
Total Common Equity	783	916	976
Common Stock	303	323	344
Retained Earnings	631	740	778
Treasury Stock	-149	-149	-151
Accumulated Other Comprehensive Income / (Loss)	-2.81	1.30	4.64
Noncontrolling Interest	0.00	2.57	10

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	1,320	2,113	2,325	2,380	2,527	2,631	2,594	2,634
Total Current Assets	736	873	1,054	1,085	1,206	1,293	1,261	1,298
Cash & Equivalents	281	178	204	226	210	217	242	145
Accounts Receivable	62	69	117	95	95	122	105	83
Inventories, net	374	605	711	739	876	933	880	1,035
Prepaid Expenses	19	22	22	25	25	22	33	35
Plant, Property, & Equipment, net	327	502	499	522	532	536	534	536
Total Noncurrent Assets	257	738	771	774	788	802	799	800
Goodwill	248	528	559	562	576	590	590	588
Intangible Assets	-	39	42	41	39	39	38	38
Other Noncurrent Operating Assets	9.10	172	170	170	173	172	170	174
Total Liabilities & Shareholders' Equity	1,320	2,113	2,325	2,380	2,527	2,631	2,594	2,634
Total Liabilities	577	1,298	1,473	1,478	1,592	1,691	1,617	1,631
Total Current Liabilities	413	649	813	820	940	1,046	1,054	1,091
Short-Term Debt	110	374	531	546	699	770	735	829
Accounts Payable	57	43	45	47	44	61	46	36
Accrued Expenses	97	102	114	119	112	124	197	164
Current Deferred Revenue	-	120	114	98	75	79	67	53
Other Current Liabilities	149	10	9.98	9.97	10	10	10	10
Total Noncurrent Liabilities	165	649	660	658	652	645	562	540
Long-Term Debt	46	415	407	399	381	373	364	347
Noncurrent Deferred & Payable Income Tax Liabilities	18	38	48	54	58	58	59	54
Other Noncurrent Operating Liabilities	8.35	196	205	204	213	214	139	138
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	743	815	851	902	935	940	977	1,003
Total Preferred & Common Equity	743	812	849	900	925	931	968	993
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	743	812	849	900	925	931	968	993
Common Stock	300	309	314	320	329	335	342	350
Retained Earnings	592	650	680	725	741	742	774	796
Treasury Stock	-149	-149	-149	-149	-149	-149	-151	-151
Accumulated Other Comprehensive Income / (Loss)	-1.35	2.01	3.01	3.25	3.89	2.53	2.08	-1.99
Noncontrolling Interest	-	2.71	2.63	2.55	9.47	9.15	9.38	9.74

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	11.87%	3.75%	1.52%
EBITDA Growth	26.46%	-15.03%	-28.58%
EBIT Growth	26.61%	-24.28%	-36.14%
NOPAT Growth	27.09%	-25.62%	-38.68%
Net Income Growth	27.75%	-44.71%	-64.62%
EPS Growth	30.38%	-44.91%	-66.12%
Operating Cash Flow Growth	-79.51%	-390.14%	88.45%
Free Cash Flow Firm Growth	-153.28%	-818.16%	88.38%
Invested Capital Growth	64.07%	128.29%	10.95%
Revenue Q/Q Growth	3.33%	2.47%	-1.28%
EBITDA Q/Q Growth	3.03%	-3.25%	-5.35%
EBIT Q/Q Growth	2.80%	-7.64%	-5.54%
NOPAT Q/Q Growth	2.97%	-7.49%	-12.51%
Net Income Q/Q Growth	2.88%	-17.44%	-21.34%
EPS Q/Q Growth	2.91%	-17.88%	-22.54%
Operating Cash Flow Q/Q Growth	-54.22%	8.69%	48.86%
Free Cash Flow Firm Q/Q Growth	2.23%	-5.71%	14.06%
Invested Capital Q/Q Growth	3.43%	3.40%	1.47%
Profitability Metrics	-	-	-
Gross Margin	34.91%	34.88%	32.96%
EBITDA Margin	12.33%	10.10%	7.10%
Operating Margin	11.49%	8.39%	5.27%
EBIT Margin	11.49%	8.39%	5.27%
Profit (Net Income) Margin	8.58%	4.57%	1.59%
Tax Burden Percent	75.59%	74.26%	71.30%
Interest Burden Percent	98.76%	73.42%	42.37%
Effective Tax Rate	24.41%	25.74%	28.70%
Return on Invested Capital (ROIC)	33.91%	12.37%	5.17%
ROIC Less NNEP Spread (ROIC-NNEP)	36.45%	1.21%	-1.28%
Return on Net Nonoperating Assets (RNNOA)	-5.17%	0.51%	-1.10%
Return on Equity (ROE)	28.74%	12.87%	4.07%
Cash Return on Invested Capital (CROIC)	-14.62%	-65.79%	-5.21%
Operating Return on Assets (OROA)	22.47%	10.64%	5.10%
Return on Assets (ROA)	16.77%	5.80%	1.54%
Return on Common Equity (ROCE)	28.74%	12.85%	4.04%
Return on Equity Simple (ROE_SIMPLE)	25.30%	11.95%	3.97%
Net Operating Profit after Tax (NOPAT)	200	149	91
NOPAT Margin	8.69%	6.23%	3.76%
Net Nonoperating Expense Percent (NNEP)	-2.54%	11.15%	6.45%
Cost of Revenue to Revenue	65.09%	65.12%	67.04%
SG&A Expenses to Revenue	23.42%	26.50%	27.68%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.42%	26.50%	27.68%
Earnings before Interest and Taxes (EBIT)	265	201	128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	285	242	173
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.82	0.79	0.81
Price to Tangible Book Value (P/TBV)	1.20	2.27	2.27
Price to Revenue (P/Rev)	0.28	0.30	0.32
Price to Earnings (P/E)	3.24	6.58	20.68
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	30.86%	15.20%	4.84%
Enterprise Value to Invested Capital (EV/IC)	0.81	0.88	0.90
Enterprise Value to Revenue (EV/Rev)	0.26	0.62	0.69
Enterprise Value to EBITDA (EV/EBITDA)	2.09	6.12	9.68
Enterprise Value to EBIT (EV/EBIT)	2.24	7.37	13.04
Enterprise Value to NOPAT (EV/NOPAT)	2.96	9.93	18.29
Enterprise Value to Operating Cash Flow (EV/OCF)	7.75	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.23	1.05	1.11
Long-Term Debt to Equity	0.06	0.42	0.36
Financial Leverage	-0.14	0.42	0.86
Leverage Ratio	1.71	2.22	2.64
Compound Leverage Factor	1.69	1.63	1.12
Debt to Total Capital	18.72%	51.11%	52.70%
Short-Term Debt to Total Capital	14.01%	30.39%	35.63%
Long-Term Debt to Total Capital	4.70%	20.72%	17.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.14%	0.50%
Common Equity to Total Capital	81.28%	48.75%	46.80%
Debt to EBITDA	0.63	3.97	6.36
Net Debt to EBITDA	-0.17	3.14	5.06
Long-Term Debt to EBITDA	0.16	1.61	2.06
Debt to NOPAT	0.90	6.44	12.02
Net Debt to NOPAT	-0.24	5.09	9.56
Long-Term Debt to NOPAT	0.23	2.61	3.89
Altman Z-Score	3.98	2.11	1.90
Noncontrolling Interest Sharing Ratio	0.00%	0.15%	0.68%
Liquidity Ratios	-	-	-
Current Ratio	1.83	1.33	1.19
Quick Ratio	0.67	0.34	0.31
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-86	-793	-92
Operating Cash Flow to CapEx	132.63%	-354.62%	-42.79%
Free Cash Flow to Firm to Interest Expense	-26.32	-14.87	-1.25
Operating Cash Flow to Interest Expense	23.33	-4.16	-0.35
Operating Cash Flow Less CapEx to Interest Expense	5.74	-5.34	-1.16
Efficiency Ratios	-	-	-
Asset Turnover	1.96	1.27	0.97
Accounts Receivable Turnover	47.13	35.20	25.30
Inventory Turnover	4.38	2.46	1.90
Fixed Asset Turnover	10.95	6.19	4.59
Accounts Payable Turnover	50.01	29.41	25.83
Days Sales Outstanding (DSO)	7.74	10.37	14.43
Days Inventory Outstanding (DIO)	83.25	148.30	192.54
Days Payable Outstanding (DPO)	7.30	12.41	14.13
Cash Conversion Cycle (CCC)	83.70	146.26	192.84
Capital & Investment Metrics	-	-	-
Invested Capital	735	1,677	1,861
Invested Capital Turnover	3.90	1.99	1.37
Increase / (Decrease) in Invested Capital	287	942	184
Enterprise Value (EV)	593	1,480	1,672
Market Capitalization	642	719	787
Book Value per Share	$36.35	$41.80	$43.72
Tangible Book Value per Share	$24.90	$14.44	$15.51
Total Capital	963	1,878	2,085
Total Debt	180	960	1,099
Total Long-Term Debt	45	389	356
Net Debt	-48	759	874
Capital Expenditures (CapEx)	58	63	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	248	645	723
Debt-free Net Working Capital (DFNWC)	476	847	947
Net Working Capital (NWC)	341	276	204
Net Nonoperating Expense (NNE)	2.48	40	53
Net Nonoperating Obligations (NNO)	-48	759	874
Total Depreciation and Amortization (D&A)	19	41	44
Debt-free, Cash-free Net Working Capital to Revenue	10.74%	26.96%	29.72%
Debt-free Net Working Capital to Revenue	20.63%	35.37%	38.95%
Net Working Capital to Revenue	14.78%	11.53%	8.39%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$9.12	$5.00	$1.71
Adjusted Weighted Average Basic Shares Outstanding	21.71M	21.85M	22.27M
Adjusted Diluted Earnings per Share	$8.84	$4.87	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	22.40M	22.43M	23.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.72M	22.17M	22.59M
Normalized Net Operating Profit after Tax (NOPAT)	200	149	91
Normalized NOPAT Margin	8.69%	6.23%	3.76%
Pre Tax Income Margin	11.35%	6.16%	2.23%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	80.78	3.76	1.74
NOPAT to Interest Expense	61.06	2.79	1.24
EBIT Less CapEx to Interest Expense	63.19	2.59	0.92
NOPAT Less CapEx to Interest Expense	43.47	1.62	0.43
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	10.75%	0.00%	5.53%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.33%	16.10%	7.45%	-6.52%	4.84%	10.77%	3.81%	2.20%	4.97%	-5.29%	-11.15%
EBITDA Growth	17.93%	17.52%	-11.76%	-16.10%	-16.21%	-14.49%	-34.39%	-49.63%	-14.03%	-20.35%	68.95%
EBIT Growth	17.79%	16.53%	-22.67%	-22.82%	-21.74%	-32.61%	-47.95%	-61.37%	-18.17%	-21.91%	105.13%
NOPAT Growth	18.03%	17.35%	-25.89%	-27.11%	-22.03%	-27.78%	-6.23%	-61.13%	-18.23%	-49.41%	37.90%
Net Income Growth	17.71%	16.86%	-44.39%	-44.07%	-36.84%	-60.27%	-95.77%	-95.16%	-28.46%	-68.95%	2,044.85%
EPS Growth	22.39%	17.12%	-44.03%	-43.04%	-37.54%	-61.99%	-95.51%	-94.81%	-30.81%	-73.85%	1,825.00%
Operating Cash Flow Growth	-81.45%	-204.91%	-2,034.57%	-216.31%	57.88%	45.53%	43.00%	76.56%	61.06%	96.91%	-63.96%
Free Cash Flow Firm Growth	-279.67%	-756.26%	-2,536.21%	-2,318.97%	-303.67%	-268.98%	56.93%	72.91%	80.56%	81.48%	44.49%
Invested Capital Growth	66.26%	64.07%	145.58%	181.56%	128.35%	128.29%	26.49%	17.76%	13.05%	10.95%	12.78%
Revenue Q/Q Growth	12.86%	-22.04%	-5.37%	12.29%	26.56%	-17.63%	-11.32%	10.55%	29.99%	-25.68%	-16.81%
EBITDA Q/Q Growth	30.89%	-44.05%	-18.66%	40.86%	30.72%	-42.91%	-37.59%	8.14%	123.13%	-47.11%	32.38%
EBIT Q/Q Growth	32.76%	-46.57%	-28.32%	51.79%	34.61%	-53.99%	-44.64%	12.64%	185.16%	-56.09%	45.42%
NOPAT Q/Q Growth	31.35%	-44.85%	-30.97%	45.75%	40.51%	-48.91%	-10.37%	-39.58%	195.59%	-68.40%	144.36%
Net Income Q/Q Growth	31.16%	-45.34%	-47.90%	49.72%	48.14%	-65.62%	-94.46%	71.48%	2,088.61%	-85.08%	283.09%
EPS Q/Q Growth	33.76%	-46.06%	-47.95%	51.69%	46.67%	-67.17%	-93.85%	75.00%	1,857.14%	-87.59%	352.94%
Operating Cash Flow Q/Q Growth	-58.11%	-236.83%	-236.54%	39.71%	156.87%	-147.21%	-252.18%	75.21%	490.75%	-100.91%	-18,580.43%
Free Cash Flow Firm Q/Q Growth	-422.09%	-16.79%	-230.31%	-20.11%	12.88%	-6.75%	61.45%	24.45%	37.47%	-1.67%	-15.58%
Invested Capital Q/Q Growth	26.14%	3.43%	94.13%	11.17%	2.31%	3.40%	7.56%	3.49%	-1.78%	1.47%	9.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.34%	36.66%	36.80%	35.23%	33.78%	34.26%	33.28%	32.67%	31.95%	34.31%	36.22%
EBITDA Margin	14.56%	10.45%	8.98%	11.27%	11.64%	8.07%	5.68%	5.55%	9.53%	6.78%	10.79%
Operating Margin	13.84%	9.49%	7.19%	9.71%	10.33%	5.77%	3.60%	3.67%	8.05%	4.76%	8.32%
EBIT Margin	13.84%	9.49%	7.19%	9.71%	10.33%	5.77%	3.60%	3.67%	8.05%	4.76%	8.32%
Profit (Net Income) Margin	10.19%	7.15%	3.94%	5.25%	6.14%	2.56%	0.16%	0.25%	4.19%	0.84%	3.87%
Tax Burden Percent	74.43%	76.82%	73.98%	71.04%	74.15%	82.32%	133.28%	71.49%	74.10%	53.33%	89.60%
Interest Burden Percent	98.94%	98.07%	74.02%	76.03%	80.16%	53.94%	3.34%	9.47%	70.13%	33.11%	51.90%
Effective Tax Rate	25.57%	23.18%	26.02%	28.96%	25.85%	17.68%	-33.28%	28.52%	25.90%	46.67%	10.40%
Return on Invested Capital (ROIC)	40.46%	28.45%	12.42%	14.80%	15.35%	9.44%	7.18%	3.69%	8.51%	3.49%	9.21%
ROIC Less NNEP Spread (ROIC-NNEP)	41.30%	29.23%	9.90%	11.77%	12.16%	5.77%	3.87%	2.02%	6.79%	2.32%	7.45%
Return on Net Nonoperating Assets (RNNOA)	-5.59%	-4.14%	3.82%	4.81%	5.08%	2.41%	3.28%	1.87%	5.70%	1.99%	7.30%
Return on Equity (ROE)	34.87%	24.31%	16.24%	19.60%	20.43%	11.85%	10.46%	5.56%	14.20%	5.47%	16.52%
Cash Return on Invested Capital (CROIC)	-15.54%	-14.62%	-65.20%	-78.70%	-64.36%	-65.79%	-14.92%	-9.70%	-6.21%	-5.21%	-6.16%
Operating Return on Assets (OROA)	27.16%	18.55%	10.24%	12.68%	13.05%	7.32%	3.75%	3.60%	7.97%	4.60%	7.65%
Return on Assets (ROA)	20.00%	13.98%	5.61%	6.85%	7.76%	3.25%	0.17%	0.24%	4.14%	0.81%	3.56%
Return on Common Equity (ROCE)	34.87%	24.31%	16.20%	19.57%	20.40%	11.83%	10.38%	5.53%	14.11%	5.44%	16.35%
Return on Equity Simple (ROE_SIMPLE)	25.91%	0.00%	22.41%	18.67%	14.74%	0.00%	9.77%	6.64%	5.09%	0.00%	5.64%
Net Operating Profit after Tax (NOPAT)	71	39	27	39	55	28	25	15	45	14	35
NOPAT Margin	10.30%	7.29%	5.32%	6.90%	7.66%	4.75%	4.80%	2.62%	5.97%	2.54%	7.45%
Net Nonoperating Expense Percent (NNEP)	-0.84%	-0.77%	2.51%	3.03%	3.19%	3.66%	3.31%	1.67%	1.71%	1.17%	1.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.26%	-	-	-	1.60%
Cost of Revenue to Revenue	65.66%	63.34%	63.20%	64.77%	66.22%	65.74%	66.72%	67.33%	68.05%	65.69%	63.78%
SG&A Expenses to Revenue	20.50%	27.17%	29.61%	25.51%	23.44%	28.49%	29.68%	29.00%	23.90%	29.55%	27.90%
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	20.50%	27.17%	29.61%	25.51%	23.44%	28.49%	29.68%	29.00%	23.90%	29.55%	27.90%
Earnings before Interest and Taxes (EBIT)	95	51	37	55	75	34	19	21	61	27	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	56	46	64	84	48	30	32	72	38	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	0.82	0.83	0.74	0.83	0.79	0.92	0.80	0.75	0.81	0.66
Price to Tangible Book Value (P/TBV)	1.57	1.20	2.76	2.53	2.52	2.27	2.75	2.46	2.13	2.27	1.78
Price to Revenue (P/Rev)	0.35	0.28	0.29	0.27	0.32	0.30	0.35	0.31	0.29	0.32	0.28
Price to Earnings (P/E)	4.04	3.24	3.73	3.97	5.63	6.58	9.42	11.95	14.67	20.68	11.85
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	24.75%	30.86%	26.80%	25.19%	17.75%	15.20%	10.62%	8.37%	6.82%	4.84%	8.44%
Enterprise Value to Invested Capital (EV/IC)	1.05	0.81	0.91	0.86	0.91	0.88	0.96	0.90	0.87	0.90	0.83
Enterprise Value to Revenue (EV/Rev)	0.33	0.26	0.55	0.59	0.63	0.62	0.72	0.69	0.64	0.69	0.71
Enterprise Value to EBITDA (EV/EBITDA)	2.70	2.09	4.64	5.13	5.88	6.12	7.65	8.63	8.70	9.68	8.77
Enterprise Value to EBIT (EV/EBIT)	2.89	2.24	5.08	5.73	6.76	7.37	9.44	11.23	11.70	13.04	11.44
Enterprise Value to NOPAT (EV/NOPAT)	3.83	2.96	6.76	7.72	9.11	9.93	12.66	14.70	15.20	18.29	15.09
Enterprise Value to Operating Cash Flow (EV/OCF)	4.45	7.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.23	0.97	1.10	1.05	1.05	1.16	1.22	1.13	1.11	1.17
Long-Term Debt to Equity	0.19	0.06	0.51	0.48	0.44	0.42	0.41	0.40	0.37	0.36	0.35
Financial Leverage	-0.14	-0.14	0.39	0.41	0.42	0.42	0.85	0.93	0.84	0.86	0.98
Leverage Ratio	1.73	1.71	2.27	2.31	2.25	2.22	2.65	2.77	2.65	2.64	2.66
Compound Leverage Factor	1.71	1.68	1.68	1.76	1.80	1.20	0.09	0.26	1.86	0.87	1.38
Debt to Total Capital	25.10%	18.72%	49.19%	52.43%	51.17%	51.11%	53.60%	54.86%	52.94%	52.70%	53.97%
Short-Term Debt to Total Capital	11.12%	14.01%	23.30%	29.67%	29.57%	30.39%	34.69%	36.98%	35.40%	35.63%	38.03%
Long-Term Debt to Total Capital	13.98%	4.70%	25.89%	22.76%	21.60%	20.72%	18.91%	17.88%	17.54%	17.07%	15.94%
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%	0.17%	0.15%	0.14%	0.14%	0.47%	0.44%	0.45%	0.50%	0.45%
Common Equity to Total Capital	74.90%	81.28%	50.64%	47.42%	48.69%	48.75%	45.93%	44.70%	46.61%	46.80%	45.58%
Debt to EBITDA	0.90	0.63	2.83	3.53	3.78	3.97	4.77	5.88	6.02	6.36	6.08
Net Debt to EBITDA	-0.12	-0.17	2.19	2.76	2.88	3.14	3.84	4.77	4.69	5.06	5.33
Long-Term Debt to EBITDA	0.50	0.16	1.49	1.53	1.60	1.61	1.68	1.92	2.00	2.06	1.80
Debt to NOPAT	1.28	0.90	4.13	5.31	5.87	6.44	7.89	10.02	10.52	12.02	10.47
Net Debt to NOPAT	-0.17	-0.24	3.20	4.15	4.46	5.09	6.35	8.12	8.20	9.56	9.18
Long-Term Debt to NOPAT	0.71	0.23	2.17	2.30	2.48	2.61	2.79	3.27	3.48	3.89	3.09
Altman Z-Score	3.66	3.46	2.04	1.86	1.95	1.89	1.84	1.72	1.81	1.77	1.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.19%	0.17%	0.15%	0.15%	0.70%	0.66%	0.63%	0.68%	0.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.83	1.35	1.30	1.32	1.33	1.28	1.24	1.20	1.19	1.19
Quick Ratio	0.83	0.67	0.38	0.40	0.39	0.34	0.32	0.32	0.33	0.31	0.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-212	-248	-818	-983	-856	-914	-352	-266	-166	-169	-196
Operating Cash Flow to CapEx	305.79%	-310.08%	-1,501.09%	-611.83%	235.11%	-179.88%	-668.88%	-146.19%	576.44%	-4.72%	-1,156.44%
Free Cash Flow to Firm to Interest Expense	-210.46	-251.79	-86.29	-74.01	-57.87	-57.84	-19.19	-13.74	-9.13	-9.44	-10.44
Operating Cash Flow to Interest Expense	33.67	-47.20	-16.48	-7.10	3.62	-1.60	-4.85	-1.14	4.73	-0.04	-7.79
Operating Cash Flow Less CapEx to Interest Expense	22.66	-62.42	-17.58	-8.26	2.08	-2.49	-5.58	-1.92	3.91	-0.97	-8.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.96	1.96	1.43	1.31	1.26	1.27	1.04	0.98	0.99	0.97	0.92
Accounts Receivable Turnover	36.60	47.13	43.40	25.71	29.79	35.20	29.60	20.34	24.59	25.30	26.67
Inventory Turnover	4.97	4.38	3.26	2.85	2.71	2.46	2.15	1.96	2.04	1.90	1.65
Fixed Asset Turnover	9.06	10.95	6.52	6.40	5.51	6.19	4.67	4.69	4.67	4.59	4.44
Accounts Payable Turnover	34.01	50.01	42.99	35.96	29.08	29.41	36.42	30.46	35.58	25.83	39.67
Days Sales Outstanding (DSO)	9.97	7.74	8.41	14.20	12.25	10.37	12.33	17.94	14.84	14.43	13.68
Days Inventory Outstanding (DIO)	73.45	83.25	111.91	128.15	134.69	148.30	170.04	185.98	179.05	192.54	221.23
Days Payable Outstanding (DPO)	10.73	7.30	8.49	10.15	12.55	12.41	10.02	11.98	10.26	14.13	9.20
Cash Conversion Cycle (CCC)	72.69	83.70	111.83	132.20	134.39	146.26	172.35	191.93	183.63	192.84	225.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	710	735	1,426	1,585	1,622	1,677	1,804	1,867	1,834	1,861	2,034
Invested Capital Turnover	3.93	3.90	2.34	2.14	2.00	1.99	1.49	1.41	1.43	1.37	1.24
Increase / (Decrease) in Invested Capital	283	287	845	1,022	912	942	378	282	212	184	231
Enterprise Value (EV)	745	593	1,292	1,365	1,469	1,480	1,731	1,677	1,588	1,672	1,695
Market Capitalization	778	642	678	628	747	719	852	742	722	787	654
Book Value per Share	$34.50	$36.35	$37.40	$38.83	$41.17	$41.80	$41.68	$41.76	$43.39	$43.72	$43.97
Tangible Book Value per Share	$22.97	$24.90	$11.31	$11.34	$13.57	$14.44	$13.98	$13.53	$15.21	$15.51	$16.24
Total Capital	992	963	1,604	1,790	1,848	1,878	2,014	2,084	2,076	2,085	2,179
Total Debt	249	180	789	938	946	960	1,080	1,143	1,099	1,099	1,176
Total Long-Term Debt	139	45	415	407	399	389	381	373	364	356	347
Net Debt	-32	-48	611	734	720	759	869	926	857	874	1,031
Capital Expenditures (CapEx)	11	15	10	15	23	14	13	15	15	17	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	152	248	420	568	585	645	754	801	699	723	891
Debt-free Net Working Capital (DFNWC)	434	476	598	772	812	847	965	1,018	942	947	1,036
Net Working Capital (NWC)	323	341	224	241	265	276	266	247	207	204	207
Net Nonoperating Expense (NNE)	0.75	0.76	7.02	9.43	11	13	24	14	14	9.56	17
Net Nonoperating Obligations (NNO)	-32	-48	611	734	720	759	869	926	857	874	1,031
Total Depreciation and Amortization (D&A)	4.95	5.17	9.12	8.85	9.42	14	11	11	11	11	12
Debt-free, Cash-free Net Working Capital to Revenue	6.82%	10.74%	17.93%	24.64%	25.05%	26.96%	31.25%	33.01%	28.40%	29.72%	37.56%
Debt-free Net Working Capital to Revenue	19.42%	20.63%	25.51%	33.51%	34.73%	35.37%	39.96%	41.94%	38.24%	38.95%	43.67%
Net Working Capital to Revenue	14.48%	14.78%	9.57%	10.46%	11.35%	11.53%	11.02%	10.19%	8.40%	8.39%	8.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.26	$1.77	$0.91	$1.37	$2.03	$0.69	$0.04	$0.07	$1.42	$0.18	$0.80
Adjusted Weighted Average Basic Shares Outstanding	21.52M	21.71M	21.76M	21.85M	21.89M	21.85M	22.20M	22.30M	22.27M	22.27M	22.62M
Adjusted Diluted Earnings per Share	$3.17	$1.71	$0.89	$1.35	$1.98	$0.65	$0.04	$0.07	$1.37	$0.17	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	22.17M	22.40M	22.22M	22.31M	22.43M	22.43M	22.81M	23.00M	23.05M	23.01M	23.39M
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	21.53M	21.72M	21.85M	21.85M	21.91M	22.17M	22.30M	22.30M	22.32M	22.59M	22.71M
Normalized Net Operating Profit after Tax (NOPAT)	71	39	27	39	55	28	13	15	45	14	35
Normalized NOPAT Margin	10.30%	7.29%	5.32%	6.90%	7.66%	4.75%	2.52%	2.62%	5.97%	2.54%	7.45%
Pre Tax Income Margin	13.69%	9.30%	5.32%	7.39%	8.28%	3.11%	0.12%	0.35%	5.65%	1.58%	4.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	94.54	51.75	3.85	4.17	5.04	2.17	1.03	1.10	3.35	1.49	2.08
NOPAT to Interest Expense	70.37	39.75	2.85	2.96	3.74	1.79	1.38	0.79	2.48	0.80	1.86
EBIT Less CapEx to Interest Expense	83.53	36.53	2.75	3.01	3.50	1.28	0.31	0.32	2.53	0.57	1.41
NOPAT Less CapEx to Interest Expense	59.36	24.53	1.75	1.80	2.20	0.90	0.65	0.01	1.66	-0.13	1.19
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	16.29%	10.75%	11.70%	3.17%	0.00%	0.00%	0.00%	0.00%	4.35%	5.53%	0.00%

Frequently Asked Questions About MarineMax's Financials

When does MarineMax's financial year end?

According to the most recent income statement we have on file, MarineMax's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has MarineMax's net income changed over the last 2 years?

MarineMax's net income appears to be on a downward trend, with a most recent value of $38.74 million in 2024, falling from $197.99 million in 2022. The previous period was $109.48 million in 2023.

What is MarineMax's operating income?

MarineMax's total operating income in 2024 was $128.23 million, based on the following breakdown:

Total Gross Profit: $801.20 million
Total Operating Expenses: $672.97 million

How has MarineMax revenue changed over the last 2 years?

Over the last 2 years, MarineMax's total revenue changed from $2.31 billion in 2022 to $2.43 billion in 2024, a change of 5.3%.

How much debt does MarineMax have?

MarineMax's total liabilities were at $1.62 billion at the end of 2024, a 7.7% increase from 2023, and a 184.0% increase since 2022.

How much cash does MarineMax have?

In the past 2 years, MarineMax's cash and equivalents has ranged from $201.46 million in 2023 to $228.27 million in 2022, and is currently $224.33 million as of their latest financial filing in 2024.

How has MarineMax's book value per share changed over the last 2 years?

Over the last 2 years, MarineMax's book value per share changed from 36.35 in 2022 to 43.72 in 2024, a change of 20.3%.

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This page (NYSE:HZO) was last updated on 4/14/2025 by MarketBeat.com Staff

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MarineMax (HZO) Financials

Frequently Asked Questions About MarineMax's Financials

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MarineMax (HZO) Financials

Annual Income Statements for MarineMax

Quarterly Income Statements for MarineMax

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Quarterly Cash Flow Statements for MarineMax

Annual Balance Sheets for MarineMax

Quarterly Balance Sheets for MarineMax

Annual Metrics and Ratios for MarineMax

Quarterly Metrics and Ratios for MarineMax

Frequently Asked Questions About MarineMax's Financials

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