HZO
MARINEMAX INC
Next earnings Jul 22, 2026 · consensus $0.84 EPS, $690M rev
Last earnings +1.1% on 2026-04-23
$37.74
▲ +2.00%$37.74▲ +54.17%
over 1Y
L $21.43EODHDH $37.74
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.0%
1W+8.4%
1M+8.1%
3M+46.3%
YTD+56.7%
1Y+54.2%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 13 analysts
Buy
World's largest boat retailer at 0.4x sales and below book, but FY2025 swung to a loss as luxury discretionary cratered — cheap for a reason.
Revenue $2.31B · FY2025
MarineMax is a quality franchise going through an ugly cyclical trough. The 10-K positions it as 'the world's largest recreational boat and yacht retailer, marina operator and superyacht services company' with 70+ retail locations across 21 states, 65+ marina/storage locations globally (post-IGY), and the Fraser/Northrop & Johnson superyacht brokerage platform. That moat is real, but the numbers show the cycle is biting hard: FY2025 revenue fell 5.0% to $2.31B, operating income collapsed 73.5% to just $34M (1.5% operating margin vs ~9% in FY2022), and net income flipped to -$31.6M from +$38.1M — a -183% swing. EPS of -$1.43 means the trailing P/E is meaningless; the bull case rests on P/S of 0.4x and price below stated book equity of $937M (~$42.8/share).
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.06B | $2.31B | $2.39B | $2.43B | $2.31B |
| Gross profit | $659M | $806M | $835M | $801M | $750M |
| Operating income | $209M | $265M | $201M | $128M | $34.0M |
| Net income | $155M | $198M | $109M | $38.1M | -$31.6M |
| Diluted EPS | $6.78 | $8.84 | $4.87 | $1.65 | -$1.43 |
| Net margin | 7.5% | 8.6% | 4.6% | 1.6% | -1.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.05B
EV / EBITDA12.6
EV / Sales0.5
EV / FCF87.7
P / FCF69.1
PEG (trailing)—
Earnings yield-3.8%
FCF yield1.4%
Quality & risk
ROIC (est.)2.0%
Free cash flow$11.9M
Total debt$392M
Net cash-$221M
Altman Z-Score1.82 grey
Piotroski F-Score5/9
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY-3.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Earnings results2026-04-23
Q2 FY26 10-Q filed; ongoing margin pressure from soft retail boat demand
- 10-Q Quarterly report2026-04-23
Q2 FY26 10-Q filed; ongoing margin pressure from soft retail boat demand
- 8-K Other event2026-03-04
Other event disclosure (Reg FD/material update), no financial impact stated
- 8-K Officer / director change2026-03-03
Annual meeting vote results and officer/director change reported
- 8-K Earnings results2026-01-29
Q1 FY26 10-Q; cyclical headwinds and inventory carrying costs persist
- S-3 Shelf registration (potential raise)2026-01-29
Q1 FY26 10-Q; cyclical headwinds and inventory carrying costs persist
- 10-Q Quarterly report2026-01-29
Q1 FY26 10-Q; cyclical headwinds and inventory carrying costs persist
- DEF 14A Proxy statement2026-01-21
Annual proxy: director slate and exec comp put to shareholder vote
- 8-K Officer / director change2026-01-20
Officer/director change announced; potential leadership transition
Recent filings
all on EDGAR ↗SCHEDULE 13G/AFiling2026-06-05open ↗4Period ending 2026-05-072026-05-15open ↗SCHEDULE 13G/AFiling2026-05-01open ↗S-8Filing2026-04-23open ↗10-QPeriod ending 2026-03-312026-04-23open ↗8-KPeriod ending 2026-04-232026-04-23open ↗SCHEDULE 13G/AFiling2026-03-27open ↗8-KPeriod ending 2026-03-042026-03-04open ↗8-KPeriod ending 2026-03-032026-03-03open ↗DEFA14AFiling2026-02-23open ↗EFFECTFiling2026-02-04open ↗CORRESPFiling2026-02-03open ↗
Frequently asked
- Is MARINEMAX INC (HZO) a buy?
- HZO currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. World's largest boat retailer at 0.4x sales and below book, but FY2025 swung to a loss as luxury discretionary cratered — cheap for a reason.
- What is MARINEMAX INC's quality score?
- HZO scores 49.98039215686274/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001057060, latest 10-Q filed 2026-04-23) · EODHD · analysis by claude-code · as of 6/25/2026, 2:56:55 PM.
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