Balance Sheet MarineMax, Inc.

Equities

HZO

US5679081084

Recreational Products

Market Closed - Nyse Other stock markets 04:00:02 2026-04-10 pm EDT			5-day change	1st Jan Change
27.13 ^USD	-2.72%		-0.15%	+11.97%

Mar. 04	Tranche Update on MarineMax, Inc.'s Equity Buyback Plan announced on March 11, 2024.	CI
Mar. 04	MarineMax, Inc. announces an Equity Buyback for $100 million worth of its shares.	CI

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Published financial data: MARINEMAX, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	2.06B	2.31B	2.39B	2.43B	2.31B
Total Revenues	2.06B	2.31B	2.39B	2.43B	2.31B
Cost of Goods Sold, Total	1.4B	1.5B	1.56B	1.63B	1.56B
Gross Profit	659M	806M	835M	801M	750M
Selling General & Admin Expenses, Total	448M	535M	633M	676M	675M
Other Operating Expenses, Total	448M	535M	633M	676M	675M
Operating Income	211M	271M	202M	125M	74.95M
Interest Expense, Total	-3.66M	-3.28M	-53.37M	-73.9M	-71.16M
Net Interest Expenses	-3.66M	-3.28M	-53.37M	-73.9M	-71.16M
EBT, Excl. Unusual Items	208M	268M	149M	51.3M	3.79M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-69.06M
Other Unusual Items	-1.76M	-5.79M	-1.44M	3.03M	28.13M
EBT, Incl. Unusual Items	206M	262M	147M	54.33M	-37.14M
Income Tax Expense	50.82M	63.93M	37.96M	15.59M	-6.38M
Earnings From Continuing Operations	155M	198M	109M	38.74M	-30.77M
Net Income to Company	155M	198M	109M	38.74M	-30.77M
Minority Interest	-	-	-196K	-672K	-865K
Net Income - (IS)	155M	198M	109M	38.07M	-31.63M
Net Income to Common Incl Extra Items	155M	198M	109M	38.07M	-31.63M
Net Income to Common Excl. Extra Items	155M	198M	109M	38.07M	-31.63M
Per Share Items
Net EPS - Basic	7.04	9.12	5	1.71	-1.43
Basic EPS - Continuing Operations	7.04	9.12	5	1.71	-1.43
Basic Weighted Average Shares Outstanding	22.01M	21.71M	21.85M	22.27M	22.05M
Net EPS - Diluted	6.78	8.84	4.87	1.65	-1.43
Diluted EPS - Continuing Operations	6.78	8.84	4.87	1.65	-1.43
Diluted Weighted Average Shares Outstanding	22.86M	22.4M	22.43M	23.01M	22.05M
Normalized Basic EPS	5.89	7.71	4.25	1.41	0.07
Normalized Diluted EPS	5.67	7.47	4.14	1.36	0.07
Supplemental Items
EBITDA	227M	290M	243M	170M	124M
EBITA	211M	274M	211M	134M	85.15M
EBIT	211M	271M	202M	125M	74.95M
EBITDAR	251M	314M	274M	203M	159M
Effective Tax Rate - (Ratio)	24.69	24.41	25.74	28.7	17.16
Current Domestic Taxes	44.56M	60.38M	11.62M	8.72M	3.94M
Current Foreign Taxes	1.52M	1.74M	3.2M	2.89M	2.78M
Total Current Taxes	46.07M	62.12M	14.83M	11.61M	6.72M
Deferred Domestic Taxes	4.74M	1.81M	23.13M	7.22M	-13.46M
Deferred Foreign Taxes	-	-	-	-3.24M	367K
Total Deferred Taxes	4.74M	1.81M	23.13M	3.99M	-13.09M
Normalized Net Income	130M	167M	92.85M	31.39M	1.5M
Supplemental Operating Expense Items
Advertising Expense	14.8M	25.8M	36M	37.2M	38.6M
Selling and Marketing Expenses	14.8M	25.8M	36M	37.2M	38.6M
Net Rental Expense, Total	24.1M	23.5M	30.4M	33.8M	34.3M
Imputed Operating Lease Interest Expense	3.77M	2.67M	18.9M	17.17M	15.75M
Imputed Operating Lease Depreciation	20.33M	20.83M	11.5M	16.63M	18.55M
Stock-Based Comp., SG&A Exp. (Total)	9.75M	16.01M	21.66M	23.96M	19.35M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	9.75M	16.01M	21.66M	23.96M	19.35M

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	222M	228M	201M	224M	170M
Total Cash And Short Term Investments	222M	228M	201M	224M	170M
Accounts Receivable, Total	44.65M	47.12M	76.05M	89.82M	86.87M
Other Receivables	8.7M	9.07M	15.03M	22.29M	26.42M
Total Receivables	53.35M	56.19M	91.08M	112M	113M
Inventory	231M	454M	813M	907M	867M
Prepaid Expenses	10.99M	15.18M	17.81M	18.14M	22.31M
Other Current Assets, Total	-	-	-	12M	7.6M
Total Current Assets	518M	754M	1.12B	1.27B	1.18B
Gross Property Plant And Equipment	378M	454M	811M	837M	887M
Accumulated Depreciation	-97.81M	-111M	-144M	-167M	-197M
Net Property Plant And Equipment	280M	343M	666M	669M	690M
Long-term Investments	150K	1.53M	1.41M	716K	481K
Goodwill	196M	236M	560M	592M	527M
Other Intangibles, Total	5.56M	10.89M	39.71M	37.46M	35.42M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	8.67M	7.93M	30.85M	32.02M	36.27M
Total Assets	1.01B	1.35B	2.42B	2.61B	2.47B
Liabilities
Accounts Payable, Total	25.74M	34.34M	71.71M	54.48M	56.38M
Accrued Expenses, Total	86.59M	89.4M	107M	120M	120M
Short-term Borrowings	23.94M	132M	537M	709M	716M
Current Portion of Long-Term Debt	3.59M	2.88M	33.77M	33.77M	35.59M
Current Portion of Leases	10.57M	9.69M	10.07M	9.76M	10.49M
Unearned Revenue Current, Total	101M	144M	81.7M	64.84M	45.7M
Other Current Liabilities	-	-	5.36M	77.38M	1.06M
Total Current Liabilities	251M	413M	847M	1.07B	985M
Long-Term Debt	47.5M	45.3M	389M	356M	356M
Long-Term Leases	96.96M	89.66M	124M	125M	128M
Deferred Tax Liability Non Current	9.27M	15.4M	56.93M	60.32M	47.45M
Other Non Current Liabilities	8.12M	6.97M	85.89M	8.93M	5.15M
Total Liabilities	413M	570M	1.5B	1.62B	1.52B
Common Stock, Total	29K	29K	29K	30K	31K
Additional Paid In Capital	289M	303M	323M	344M	361M
Retained Earnings	433M	631M	740M	778M	746M
Treasury Stock	-127M	-149M	-149M	-151M	-178M
Comprehensive Income and Other	648K	-2.81M	1.3M	4.64M	8.23M
Total Common Equity	595M	783M	916M	976M	937M
Minority Interest	-	-	2.57M	10.45M	11.56M
Total Equity	595M	783M	918M	986M	949M
Total Liabilities And Equity	1.01B	1.35B	2.42B	2.61B	2.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	21.86M	21.72M	22.17M	22.59M	21.87M
ECS Total Common Shares Outstanding	21.82M	21.67M	22.11M	22.54M	21.87M
Book Value / Share	27.26	36.11	41.43	43.28	42.86
Tangible Book Value	394M	536M	316M	346M	375M
Tangible Book Value Per Share	18.04	24.74	14.31	15.35	17.14
Total Debt	183M	280M	1.09B	1.23B	1.25B
Net Debt	-39.64M	51.28M	892M	1.01B	1.08B
Debt Equivalent Oper. Leases	193M	188M	243M	270M	274M
Minority Interest, Total (Incl. Fin. Div)	-	-	2.57M	10.45M	11.56M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	11.96M	143M	146M	82.92M	53.46M
Inventories - Work In Process, Total	11.36M	21.69M	22.34M	25M	13.39M
Inventories - Finished Goods, Total	208M	290M	644M	799M	800M
Land - (BS)	57.33M	80.31M	125M	125M	126M
Buildings, Total	137M	179M	414M	436M	463M
Machinery, Total	78.68M	97.81M	134M	139M	161M
Full Time Employees	2.67K	3.41K	3.93K	4.05K	3.38K

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	155M	198M	109M	38.07M	-31.63M
Depreciation & Amortization - CF	15.61M	16.71M	32.31M	35.7M	39.11M
Amortization of Goodwill and Intangible Assets - (CF)	-	2.71M	8.72M	8.79M	10.21M
Depreciation & Amortization, Total	15.61M	19.42M	41.03M	44.49M	49.32M
(Gain) Loss From Sale Of Asset	-	-108K	-354K	432K	-205K
(Gain) Loss on Sale of Investments - (CF)	-	-	-5.13M	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	69.06M
Stock-Based Compensation (CF)	9.75M	16.01M	21.66M	23.96M	19.35M
Other Operating Activities, Total	5.7M	6.95M	22.32M	8.91M	-35.58M
Change In Accounts Receivable	-627K	-563K	-30.98M	-20.43M	-3.65M
Change In Inventories	140M	-198M	-352M	-90.97M	35.49M
Change In Accounts Payable	-16.13M	7.36M	24.04M	-17.6M	1.71M
Change in Unearned Revenues	60.96M	26.27M	-65.62M	-16.88M	-18.67M
Change in Other Net Operating Assets	3.81M	1.28M	13.26M	4.36M	-12.39M
Cash from Operations	374M	76.6M	-222M	-25.66M	72.81M
Capital Expenditure	-26.12M	-58.46M	-65.41M	-60.42M	-60.86M
Sale of Property, Plant, and Equipment	350K	703K	2.74M	450K	10.83M
Cash Acquisitions	-134M	-83.2M	-517M	-21.96M	-10.48M
Sale (Purchase) of Intangible assets	-	-	-	-	6.17M
Investment in Marketable and Equity Securities, Total	-2.25M	500K	-343K	-	-493K
Other Investing Activities, Total	1.1M	-	3.44M	581K	-783K
Cash from Investing	-161M	-140M	-576M	-81.35M	-55.62M
Short Term Debt Issued, Total	-	108M	405M	170M	6.68M
Long-Term Debt Issued, Total	46.38M	-	400M	-	36.54M
Total Debt Issued	46.38M	108M	805M	170M	43.22M
Short Term Debt Repaid, Total	-163M	-	-	-	-
Long-Term Debt Repaid, Total	-2.4M	-2.9M	-25.27M	-33.77M	-34.22M
Total Debt Repaid	-165M	-2.9M	-25.27M	-33.77M	-34.22M
Issuance of Common Stock	2.63M	2.2M	2.35M	2.64M	2.59M
Repurchase of Common Stock	-25.96M	-25.94M	-3.04M	-7.33M	-32.06M
Other Financing Activities, Total	-3.72M	-8.1M	-8.34M	-3.03M	-51.51M
Cash from Financing	-146M	73.06M	770M	129M	-71.98M
Foreign Exchange Rate Adjustments	-307K	-3.13M	1.38M	1.37M	825K
Net Change in Cash	66.7M	6.08M	-26.82M	22.87M	-53.98M
Supplemental Items
Cash Interest Paid	4.45M	2.59M	51.97M	79.31M	77.42M
Cash Income Tax Paid (Refund)	53.36M	64.84M	30.03M	9.83M	9.2M
Levered Free Cash Flow	274M	-30.92M	-308M	-36.61M	-38.8M
Unlevered Free Cash Flow	276M	-28.87M	-274M	9.58M	5.68M
Change In Net Working Capital	-145M	175M	398M	76.7M	55.14M
Net Debt Issued / Repaid	-119M	105M	779M	136M	9M

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	14.81	14.35	6.7	3.11	1.85
Return on Total Capital	18.52	18.41	8.22	3.7	2.12
Return On Equity %	29.51	28.74	12.87	4.07	-3.18
Return on Common Equity	29.51	28.74	12.87	4.02	-3.31
Margin Analysis
Gross Profit Margin %	31.96	34.91	34.88	32.96	32.49
SG&A Margin	21.72	23.17	26.44	27.81	29.24
EBITDA Margin %	10.99	12.58	10.16	6.98	5.38
EBITA Margin %	10.24	11.86	8.81	5.51	3.69
EBIT Margin %	10.24	11.74	8.45	5.15	3.25
Income From Continuing Operations Margin %	7.51	8.58	4.57	1.59	-1.33
Net Income Margin %	7.51	8.58	4.56	1.57	-1.37
Net Avail. For Common Margin %	7.51	8.58	4.56	1.57	-1.37
Normalized Net Income Margin	6.29	7.25	3.88	1.29	0.06
Levered Free Cash Flow Margin	13.26	-1.34	-12.85	-1.51	-1.68
Unlevered Free Cash Flow Margin	13.38	-1.25	-11.46	0.39	0.25
Asset Turnover
Asset Turnover	2.31	1.96	1.27	0.97	0.91
Fixed Assets Turnover	8.97	7.41	4.75	3.64	3.4
Receivables Turnover (Average Receivables)	52.54	50.3	38.89	29.31	26.14
Inventory Turnover (Average Inventory)	5.31	4.38	2.46	1.9	1.76
Short Term Liquidity
Current Ratio	2.06	1.83	1.33	1.19	1.2
Quick Ratio	1.1	0.69	0.35	0.31	0.29
Operating Cash Flow to Current Liabilities	1.49	0.19	-0.26	-0.02	0.07
Days Sales Outstanding (Average Receivables)	6.95	7.26	9.39	12.49	13.96
Days Outstanding Inventory (Average Inventory)	68.77	83.25	148.3	193.07	207.66
Average Days Payable Outstanding	8.61	6.35	10.09	13.4	13.31
Cash Conversion Cycle (Average Days)	67.1	84.16	147.6	192.16	208.31
Long Term Solvency
Total Debt/Equity	30.69	35.72	119.11	125.01	131.33
Total Debt / Total Capital	23.48	26.32	54.36	55.56	56.77
LT Debt/Equity	24.28	17.24	55.86	48.71	51.04
Long-Term Debt / Total Capital	18.58	12.71	25.49	21.65	22.06
Total Liabilities / Total Assets	40.97	42.14	62.07	62.14	61.6
EBIT / Interest Expense	57.63	82.55	3.79	1.69	1.05
EBITDA / Interest Expense	68.47	95.62	5.13	2.75	2.23
(EBITDA - Capex) / Interest Expense	61.34	77.81	3.9	1.94	1.37
Total Debt / EBITDA	0.73	0.89	4	6.06	7.86
Net Debt / EBITDA	-0.16	0.16	3.26	4.96	6.78
Total Debt / (EBITDA - Capex)	0.81	1.09	5.25	8.62	12.75
Net Debt / (EBITDA - Capex)	-0.18	0.2	4.29	7.05	11.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	36.67	11.87	3.75	1.52	-5.01
Gross Profit, 1 Yr. Growth %	65.39	22.19	3.67	-4.09	-6.36
EBITDA, 1 Yr. Growth %	87.18	28.03	-16.23	-30.52	-26.77
EBITA, 1 Yr. Growth %	94.84	28.52	-22.92	-36.77	-36.44
EBIT, 1 Yr. Growth %	94.84	28.3	-25.37	-38.38	-40.14
Earnings From Cont. Operations, 1 Yr. Growth %	107.65	27.75	-44.71	-64.62	-179.42
Net Income, 1 Yr. Growth %	107.65	27.75	-44.8	-65.17	-183.1
Normalized Net Income, 1 Yr. Growth %	109.37	28.98	-44.51	-66.4	-95.21
Diluted EPS Before Extra, 1 Yr. Growth %	101.19	30.38	-44.91	-66.12	-186.93
Accounts Receivable, 1 Yr. Growth %	31.76	5.51	61.42	18.1	-3.28
Inventory, 1 Yr. Growth %	-22.49	96.71	78.9	11.54	-4.34
Net Property, Plant and Equip., 1 Yr. Growth %	55.82	22.29	94.35	0.45	3.15
Total Assets, 1 Yr. Growth %	29.99	34.23	78.99	7.59	-5.17
Tangible Book Value, 1 Yr. Growth %	6.11	36.17	-41.01	9.4	8.32
Common Equity, 1 Yr. Growth %	30.63	31.56	17.02	6.55	-3.96
Cash From Operations, 1 Yr. Growth %	22.71	-79.51	-390.14	-88.45	-383.73
Capital Expenditures, 1 Yr. Growth %	103.99	123.76	11.89	-7.62	0.73
Levered Free Cash Flow, 1 Yr. Growth %	0.76	-111.3	895.06	-88.08	5.98
Unlevered Free Cash Flow, 1 Yr. Growth %	-0.52	-110.46	850.24	-103.5	-40.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	29.14	23.65	7.73	2.63	-1.8
Gross Profit, 2 Yr. CAGR %	42.92	42.16	12.55	-0.28	-5.23
EBITDA, 2 Yr. CAGR %	73.64	54.8	3.97	-22.79	-28.67
EBITA, 2 Yr. CAGR %	82.19	58.88	-0.06	-29.28	-36.61
EBIT, 2 Yr. CAGR %	82.19	58.1	-1.74	-31.29	-39.26
Earnings From Cont. Operations, 2 Yr. CAGR %	107.53	62.87	-15.95	-55.77	-46.99
Net Income, 2 Yr. CAGR %	107.53	62.87	-16.03	-56.15	-46.2
Normalized Net Income, 2 Yr. CAGR %	99.69	64.33	-15.04	-56.21	-87.32
Diluted EPS Before Extra, 2 Yr. CAGR %	107.81	61.96	-15.25	-56.8	-45.73
Accounts Receivable, 2 Yr. CAGR %	17.67	17.91	30.51	38.07	6.88
Inventory, 2 Yr. CAGR %	-30.45	23.48	87.59	41.26	3.3
Net Property, Plant and Equip., 2 Yr. CAGR %	39.39	38.04	54.16	39.73	1.79
Total Assets, 2 Yr. CAGR %	13.37	32.09	55	38.77	1.01
Tangible Book Value, 2 Yr. CAGR %	13.67	20.2	-10.37	-19.67	8.86
Common Equity, 2 Yr. CAGR %	27	31.1	24.08	11.66	1.16
Cash From Operations, 2 Yr. CAGR %	448.53	-49.86	-22.9	-42.12	-42.76
Capital Expenditures, 2 Yr. CAGR %	23.74	113.64	58.23	1.67	-3.54
Levered Free Cash Flow, 2 Yr. CAGR %	128.87	-66.26	6.25	2.95	-64.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	147.61	-67.74	-0.1	-45.71	-85.6
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.56	23.11	16.62	5.62	0.02
Gross Profit, 3 Yr. CAGR %	30.28	35.65	27.96	6.71	-2.35
EBITDA, 3 Yr. CAGR %	45.52	56.87	26.15	-8.99	-24.14
EBITA, 3 Yr. CAGR %	49.71	62.63	24.84	-14.08	-31.76
EBIT, 3 Yr. CAGR %	49.71	62.09	23.1	-15.76	-34.38
Earnings From Cont. Operations, 3 Yr. CAGR %	57.97	76.54	13.62	-37.01	-46.24
Net Income, 3 Yr. CAGR %	57.97	76.54	13.55	-37.37	-45.74
Normalized Net Income, 3 Yr. CAGR %	57.58	72.61	14.43	-37.51	-79.06
Diluted EPS Before Extra, 3 Yr. CAGR %	58.27	77.9	13.06	-37.57	-45.46
Accounts Receivable, 3 Yr. CAGR %	33.27	13.47	30.92	26.23	22.62
Inventory, 3 Yr. CAGR %	-15.07	-1.64	39.72	57.74	24.05
Net Property, Plant and Equip., 3 Yr. CAGR %	26.43	33.44	54.72	33.65	26.28
Total Assets, 3 Yr. CAGR %	16.31	19.94	46.17	37.24	22.23
Tangible Book Value, 3 Yr. CAGR %	6.54	20.72	-5.19	-4.22	-11.25
Common Equity, 3 Yr. CAGR %	18.99	28.51	26.22	17.93	6.19
Cash From Operations, 3 Yr. CAGR %	74.46	83.35	-9.98	-59.06	-1.68
Capital Expenditures, 3 Yr. CAGR %	23.69	50.76	72.21	32.25	1.35
Levered Free Cash Flow, 3 Yr. CAGR %	83.7	-16.04	4.24	-48.79	3.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	76.33	-13.76	-0.37	-67.34	-44.1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.98	17.01	15.26	14.46	8.87
Gross Profit, 5 Yr. CAGR %	23.88	24.88	22.87	19.94	13.48
EBITDA, 5 Yr. CAGR %	36.3	38.23	27.01	17.67	0.5
EBITA, 5 Yr. CAGR %	39.31	41.54	27.37	16.06	-4.72
EBIT, 5 Yr. CAGR %	39.31	41.25	26.29	14.49	-7.12
Earnings From Cont. Operations, 5 Yr. CAGR %	46.99	53.09	22.73	1.49	-16.24
Net Income, 5 Yr. CAGR %	46.99	53.09	22.69	1.13	-15.78
Normalized Net Income, 5 Yr. CAGR %	42.93	45.75	22.87	-0.71	-52.47
Diluted EPS Before Extra, 5 Yr. CAGR %	49.43	56.22	23.28	1	-15.7
Accounts Receivable, 5 Yr. CAGR %	22.34	24.33	32.16	22.74	20.72
Inventory, 5 Yr. CAGR %	-6.43	2.51	16.6	13.68	23.82
Net Property, Plant and Equip., 5 Yr. CAGR %	18.23	21.94	36.87	35.92	30.86
Total Assets, 5 Yr. CAGR %	13.01	16.15	30.47	27.14	26.08
Tangible Book Value, 5 Yr. CAGR %	5.41	14.18	-0.58	2.57	0.2
Common Equity, 5 Yr. CAGR %	13.74	20.96	21	21.48	15.53
Cash From Operations, 5 Yr. CAGR %	74.87	74.42	25.84	15.61	-24.9
Capital Expenditures, 5 Yr. CAGR %	15.13	32.4	36.5	28.78	36.58
Levered Free Cash Flow, 5 Yr. CAGR %	97.22	-3.74	47.45	-6.87	-32.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	116.82	-2.49	40.37	-26.62	-54.06