MarineMax, Inc. logo HZO - MarineMax, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $32.67 DETAILS
HIGH: $35.00
LOW: $29.00
MEDIAN: $34.00
CONSENSUS: $32.67
DOWNSIDE: 6.44%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 2,309.3 2,431.0 2,394.7 2,308.1 2,063.3 1,509.7 1,237.2 1,177.4 1,052.3 942.0 751.4 624.7 584.5 524.5 480.9 450.3 588.6 885.4 1,256.0 1,213.5 947.3 762.0 607.5 540.7 504.1 550.7 450.1 291.2
Cost of Revenue 1,559.1 1,629.8 1,559.4 1,502.3 1,403.8 1,111 914.3 879.1 787.0 716.0 566.6 462.9 433.6 391.2 361.4 339.5 499.9 679.2 956.3 906.8 712.8 573.6 459.7 416.1 384.0 416.0 335.8 218.7
Gross Profit 750.2 801.2 835.3 805.8 659.4 398.7 322.8 298.2 265.3 226.0 184.8 161.8 150.9 133.3 119.5 110.8 88.7 206.2 299.7 306.8 234.5 188.4 147.8 124.6 120.1 134.6 114.3 72.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 647.2 676.0 632.2 540.5 450.0 292.0 262.3 235.3 217.1 185.8 160.5 147.4 132.5 127.9 127.9 124.0 160.0 217.4 245.2 222.8 170.0 139.5 113.3 95.6 92.7 92.5 79.5 52.5
Other Expenses 0 (3.0) 2.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 122.1 0 0 0 0 0 0 0 3.0 2.6 1.7
Operating Expenses 647.2 673.0 634.5 540.5 450.0 292.0 262.3 235.1 220.0 185.8 159.4 146.4 132.5 127.9 127.9 124.0 160.0 339.5 245.2 222.8 170.0 139.5 113.3 95.6 92.7 95.6 82.1 54.2
Operating Income
Operating Income 103.1 128.2 200.8 265.2 209.5 106.7 60.5 63.2 45.3 40.3 25.3 15.4 18.3 5.4 (8.4) (13.2) (71.3) (133.3) 54.5 84.0 64.5 48.9 34.5 29.0 27.4 39.1 32.2 18.3
Interest Expense 71.2 73.9 53.4 3.3 3.7 9.3 11.6 9.9 7.5 5.5 4.5 4.0 4.2 4.4 3.5 3.9 14.1 20.2 27.0 18.6 9.3 1.3 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 83.3 169.7 244.2 290.4 225.1 121.2 75.2 73.9 54.7 48.2 33.2 22.7 25.1 11.8 (1.8) (5.8) (60.4) (122.4) 54.5 92.6 70.6 54.2 38.9 32.6 31.3 42.1 34.8 20
EBIT 34.0 125.2 203.2 271.0 209.5 108.4 63.6 62.9 48.2 40.3 24.3 14.4 18.3 5.4 (8.4) (13.2) (71.3) (133.3) 54.5 84.0 64.5 48.9 34.5 29.0 27.4 39.1 32.2 18.3
Income Before Tax (37.1) 54.3 147.4 261.9 205.8 97.4 49.0 53.3 37.8 34.8 20.9 11.4 14.1 0.9 (11.9) (17.1) (85.4) (153.4) 27.6 65.3 55.2 42.4 32.0 27.7 25.0 34.9 30.2 1.1
Income Tax Expense (6.4) 15.6 38.0 63.9 50.8 22.8 13.0 14.0 14.3 12.2 (27.4) 0.1 (0.9) (0.2) (0.4) (19.6) (8.6) (19.2) 7.5 26.0 21.4 16.1 12.3 10.7 9.6 13.5 12 1.7
Net Income (31.6) 38.1 109.3 198.0 155.0 74.6 36.0 39.3 23.5 22.6 48.3 11.3 15.0 1.1 (11.5) 2.5 (76.8) (134.3) 20.1 39.4 33.8 26.3 19.7 17.1 15.3 21.4 18.2 (0.6)
Per Share Data
EPS (Basic) -1.43 1.71 5.00 9.12 7.04 3.46 1.61 1.77 0.98 0.93 1.97 0.47 0.65 0.05 -0.51 0.11 -4.11 -7.30 1.08 2.18 2.01 1.67 1.28 1.12 1.01 1.41 1.21 -0.05
EPS (Diluted) -1.43 1.65 4.87 8.84 6.78 3.37 1.57 1.71 0.95 0.91 1.92 0.46 0.63 0.05 -0.51 0.11 -4.11 -7.30 1.04 2.08 1.88 1.58 1.26 1.10 1.01 1.41 1.21 -0.05
Shares Outstanding 22.1 22.3 21.9 21.7 22.0 21.5 22.3 22.3 24.0 24.2 24.5 23.9 23.3 22.7 22.4 22.0 18.7 18.4 18.6 18.0 16.8 15.5 15.3 15.3 15.2 15.2 15.0 11.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 170.4 224.3 201.5 228.3 222.2 155.5 38.5 48.8 42.0 38.6 25.5 30.3 15.1 10.5 4.3 10.0 12.6 8.3 7.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 108.3 106.4 85.8 50.3 47.7 33.9 42.4 34.0 24.7 24.6 45.5 35.7 25.0 21.8 14.3 12.6 18.8 14.8 11
Inventory 867.3 906.6 812.8 454.4 231.0 298.0 477.5 377.1 401.3 322.0 205.9 468.6 283.8 165.4 164.1 148.0 115.0 137.8 80.8
Other Current Assets 34.9 35.8 23.1 0 5.7 8.9 0 5.4 5.8 6.0 0 8.3 9.4 1.5 0.2 0 2.5 3 2.8
Total Current Assets 1,180.9 1,273.2 1,123.2 754.0 517.5 503.3 568.6 465.3 473.8 391.1 289.2 542.8 333.3 203.3 186.5 172.3 148.9 163.9 110
Non-Current Assets
Property, Plant & Equipment 690.5 669.4 666.3 342.8 280.4 179.9 144.3 138.7 127.2 121.4 102.3 113.9 84.5 71.9 64.0 51.8 42.2 37.8 24.8
Goodwill 526.9 592.3 559.8 235.6 195.6 84.2 64.1 27.5 30.3 9.9 0 0 0 0 49.6 40.5 0 0 0
Intangible Assets 35.4 37.5 39.7 10.9 5.6 0.1 0 0 0 0 0 0 55.9 53.1 0 0 40.2 34.1 15.6
Long-Term Investments 0.5 0 0 0 0.1 0 (6.4) (5.7) (30.3) (9.9) 0 0 (3.5) (1.5) (0.2) 0 0 0 0
Other Non-Current Assets 36.3 32.7 32.3 9.5 (23.6) 7.8 7.1 5.7 30.3 13.1 2.1 3.4 0.7 0.8 1.0 0 0 0 0.1
Total Non-Current Assets 1,289.6 1,331.9 1,298.1 598.8 490.3 272.0 215.5 175.2 166.2 155.6 104.4 118.5 141.1 125.9 114.6 92.2 82.4 71.9 40.5
Total Assets 2,470.4 2,605.1 2,421.3 1,352.8 1,007.8 775.3 784.1 640.5 640.0 546.7 393.6 661.3 474.4 329.2 301.1 264.5 231.3 235.8 150.5
Current Liabilities
Account Payables 56.4 54.5 71.7 34.3 25.7 37.3 33.7 23.1 26.4 9.6 15.8 4.5 55.8 12.4 9.3 4.8 5.7 14.8 8.6
Short-Term Debt 751.3 742.8 570.8 134.9 27.5 144.9 312.1 212.9 254.2 166.6 142 372 155.9 99.3 96.9 100.2 72.6 9.9 46.2
Deferred Revenue 45.7 64.8 81.7 144.4 100.7 31.8 24.3 17.0 21.0 30.1 4.9 6.5 15.9 9.9 9.1 7.2 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 4.9 6.5 15.9 9.9 9.1 7.5 29.7 110.8 26.1
Total Current Liabilities 984.9 1,069.1 847.0 412.8 251.1 272.5 412.9 286.0 334.7 231.9 192.1 408.4 245.3 136.3 131.1 124.8 108.1 135.5 80.9
Non-Current Liabilities
Long-Term Debt 356.2 355.9 389.2 45.3 47.5 7.3 0 0 0 0 0 0 23.4 20.0 19.9 6.4 5.8 6.3 3.2
Deferred Tax Liabilities 47.4 60.3 56.9 15.4 9.3 4.5 1.1 0 0 0 0 0 8.9 6.8 4.5 2.4 1.4 1.6 0
Other Non-Current Liabilities 5.2 8.9 85.9 7.0 8.1 2.1 1.2 1.4 3.1 2.3 3.8 4.4 0 0 0.5 5.3 3.8 2.2 0.1
Total Non-Current Liabilities 536.8 549.7 655.8 157.3 161.8 47.4 2.4 1.4 3.1 2.3 3.8 4.4 32.3 26.8 24.8 12.0 10.9 10.1 3.3
Total Liabilities 1,521.7 1,618.8 1,502.9 570.1 412.9 319.9 415.3 287.4 337.8 234.2 195.9 412.7 277.5 163.1 156.0 136.8 119.0 145.6 84.2
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Retained Earnings 746.4 778.0 739.9 630.7 432.7 277.7 202.5 166.1 126.8 103.2 8.8 85.5 127.1 100.8 81.2 64.1 48.8 27.4 9.2
Accumulated Other Comprehensive Income 8.2 4.6 1.3 (2.8) 0.6 0.8 (0.7) (72.0) (69.5) (61.0) (53.2) (50.1) (25.3) (21.1) (17.2) (13.7) (10.9) (9.3) (6.8)
Total Stockholders' Equity 937.2 975.8 915.8 782.7 594.9 455.4 368.8 353.1 302.2 312.5 197.8 248.6 196.8 166.1 145.2 127.7 112.3 90.2 66.3
Total Liabilities & Equity 2,470.4 2,605.1 2,421.3 1,352.8 1,007.8 775.3 784.1 640.5 640.0 546.7 393.6 661.3 474.4 329.2 301.1 264.5 231.3 235.8 150.5
Debt Metrics
Total Debt 1,246.0 1,233.0 1,093.9 279.6 182.6 192.6 312.1 212.9 254.2 166.6 142 372 179.2 119.3 116.8 106.6 78.4 16.2 49.4
Net Debt 1,075.6 1,008.6 892.5 51.3 (39.6) 37.1 273.6 164.1 212.2 128.0 116.5 341.7 164.2 108.8 112.4 96.6 65.8 7.9 41.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income (30.8) 38.1 109.5 198.0 155.0 74.6 36.0 39.3 23.5 22.6 33.8 26.3 19.7 17.1 15.3 21.4 18.2 (0.6)
Depreciation & Amortization 49.3 44.5 41.0 19.4 15.6 12.8 11.6 10.7 9.4 8.0 6.1 5.3 4.4 3.6 4.0 3.0 2.6 1.7
Stock-Based Compensation 19.4 21.7 21.7 16.0 9.7 7.5 6.5 6.2 6.2 4.2 0 0 0 0 0 0 0 0
Change in Working Capital 2.5 (141.5) (411.0) (163.7) 187.8 205.5 (72.3) 8.7 (47.0) (23.6) (62.9) (12.3) 1.8 (18.1) (10.9) (8.9) (7.1) 14.8
Other Non-Cash Items 45.3 8.3 (6.4) 4.7 0.9 1.1 1.4 0.1 0.3 0.1 0.7 0.1 0.3 0.1 0.1 0.0 (0.1) 0.1
Operating Cash Flow 72.8 (25.7) (222.2) 76.6 373.9 304.7 (12.4) 70.4 4.7 22.9 (19.2) 21.0 27.1 4.2 9.6 15.8 15.1 16.6
Investing Activities
Capital Expenditure (60.9) (60.4) (65.4) (58.5) (26.1) (12.8) (17.1) (13.8) (14.4) (12.9) (17.8) (10.2) (9.0) (7.5) (8.9) (7.0) (14.4) (10.9)
Acquisitions (10.5) (21.5) (516.8) (83.2) (134.2) (19.8) (40.7) (10.5) (18.7) (17.1) (0.7) (10.2) (10.7) (15.0) (5.6) (4.5) 0 0
Purchases of Investments (0.5) (2.5) (2.5) (1.8) (2.2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 2.1 2.2 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 16.2 8.1 6.2 0.7 1.1 2.5 1.4 1.0 1.0 0.2 0.6 0.2 0.3 0.3 0.1 0.6 0 0.1
Investing Cash Flow (55.6) (81.3) (576.4) (140.5) (161.1) (30.1) (56.3) (23.3) (32.1) (29.7) (17.9) (20.2) (19.4) (22.3) (14.4) (10.9) (14.4) (10.8)
Financing Activities
Net Debt Issuance 9.0 136.2 779.4 104.9 (118.7) (160.3) 85.6 0 70.8 15.8 (0.2) 0.8 (2.4) 12.1 2.4 (1.2) (0.4) (15.9)
Stock Repurchased (27.5) (2.1) 0 (21.3) (23.8) (0.6) (27.7) (1.2) (42.7) (5.5) 0 (0.7) (0.1) 0 (0.5) 0 0 (0.2)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (9.6)
Other Financing Activities (56.1) (5.6) (11.4) (5.9) (3.3) 2.8 2.3 (47.2) 3.0 2.7 0 0 (0.0) 0 0 0 0 0
Financing Cash Flow (72.0) 128.5 770.4 73.1 (145.7) (158.1) 58.6 (40.2) 30.7 12.9 49.3 3.8 (1.5) 12.4 2.2 (0.6) (0.2) (9.4)
Cash Position
Net Change in Cash (54.0) 22.9 (26.8) 6.1 66.7 117.0 (10.3) 6.9 3.4 6.0 12.2 4.6 6.2 (5.7) (2.6) 4.3 0.4 (9.4)
Cash at Beginning 224.3 201.5 228.3 222.2 155.5 38.5 48.8 42.0 38.6 32.6 15.1 10.5 4.3 10.0 12.6 8.3 7.9 11.5
Cash at End 170.4 224.3 201.5 228.3 222.2 155.5 38.5 48.8 42.0 38.6 27.3 15.1 10.5 4.3 10.0 12.6 8.3 2.1
Free Cash Flow 11.9 (86.1) (287.6) 18.1 347.8 291.9 (29.5) 56.6 (9.6) 9.9 (37.0) 10.8 18.2 (3.4) 0.7 8.8 0.7 5.7
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 2,309.3 2,431.0 2,394.7 2,308.1 2,063.3 1,509.7 1,237.2 1,177.4 1,052.3 942.0 751.4 624.7 584.5 524.5 480.9 450.3 588.6 885.4 1,256.0 1,213.5 947.3 762.0 607.5 540.7 504.1 550.7 450.1 291.2
Gross Profit 750.2 801.2 835.3 805.8 659.4 398.7 322.8 298.2 265.3 226.0 184.8 161.8 150.9 133.3 119.5 110.8 88.7 206.2 299.7 306.8 234.5 188.4 147.8 124.6 120.1 134.6 114.3 72.5
Operating Income 103.1 128.2 200.8 265.2 209.5 106.7 60.5 63.2 45.3 40.3 25.3 15.4 18.3 5.4 (8.4) (13.2) (71.3) (133.3) 54.5 84.0 64.5 48.9 34.5 29.0 27.4 39.1 32.2 18.3
Net Income (31.6) 38.1 109.3 198.0 155.0 74.6 36.0 39.3 23.5 22.6 48.3 11.3 15.0 1.1 (11.5) 2.5 (76.8) (134.3) 20.1 39.4 33.8 26.3 19.7 17.1 15.3 21.4 18.2 (0.6)
EPS (Diluted) -1.43 1.65 4.87 8.84 6.78 3.37 1.57 1.71 0.95 0.91 1.92 0.46 0.63 0.05 -0.51 0.11 -4.11 -7.30 1.04 2.08 1.88 1.58 1.26 1.10 1.01 1.41 1.21 -0.05
Balance Sheet
Cash & Equivalents 170.4 224.3 201.5 228.3 222.2 155.5 38.5 48.8 42.0 38.6 25.5 30.3 15.1 10.5 4.3 10.0 12.6 8.3 7.9
Total Assets 2,470.4 2,605.1 2,421.3 1,352.8 1,007.8 775.3 784.1 640.5 640.0 546.7 393.6 661.3 474.4 329.2 301.1 264.5 231.3 235.8 150.5
Total Debt 1,246.0 1,233.0 1,093.9 279.6 182.6 192.6 312.1 212.9 254.2 166.6 142 372 179.2 119.3 116.8 106.6 78.4 16.2 49.4
Stockholders' Equity 937.2 975.8 915.8 782.7 594.9 455.4 368.8 353.1 302.2 312.5 197.8 248.6 196.8 166.1 145.2 127.7 112.3 90.2 66.3
Cash Flow
Operating Cash Flow 72.8 (25.7) (222.2) 76.6 373.9 304.7 (12.4) 70.4 4.7 22.9 (19.2) 21.0 27.1 4.2 9.6 15.8 15.1 16.6
Capital Expenditure (60.9) (60.4) (65.4) (58.5) (26.1) (12.8) (17.1) (13.8) (14.4) (12.9) (17.8) (10.2) (9.0) (7.5) (8.9) (7.0) (14.4) (10.9)
Free Cash Flow 11.9 (86.1) (287.6) 18.1 347.8 291.9 (29.5) 56.6 (9.6) 9.9 (37.0) 10.8 18.2 (3.4) 0.7 8.8 0.7 5.7