HZONYSERetail-Auto & Home Supply StoresFiscal year ends September 30
MARINEMAX INC
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$52.01−0.36 (-0.69%)
Close on Oct 19, 2026
- Market cap
- $1.20B
- P/E (TTM)
- 371.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
32.5%+6.1 pts over 5 years
Operating margin
1.5%−5.6 pts over 5 years
Net margin
-1.4%−6.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.0% | +0.0% | +8.9% | +11.9% | |
| Gross profit | -6.4% | -2.4% | +13.5% | +15.0% | |
| Operating income | -73.5% | -49.6% | -20.4% | +3.0% | |
| Free cash flow | – | -13.0% | -47.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.6% | 18.1% | -3.3% | |
| Return on assets | 4.5% | 9.6% | -1.2% | |
| Current ratio | 1.69 | 1.85 | 1.20 | |
| Debt to equity | – | 0.33 | 1.18 | |
| Net debt to EBITDA | – | -0.03× | 11.25× | |
| Interest coverage | 7.4× | 11.5× | 0.5× | |
| Inventory turnover | 2.4× | 2.9× | 1.8× | |
| Capex to revenue | 1.4% | 0.8% | 2.6% | |
| Diluted shares | 25M | 22M | 22M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Marinemax generated $771.18M from operations and spent $345.96M on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$771.18M
Used
$345.96M
Capital expenditure$271.28M78%Dividends$00%Share buybacks$74.68M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.4%
×Asset turnover0.91×
×Equity multiplier2.65×
=Return on equity, FY2025-3.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.4% | 0.91× | 2.65× | -3.3% |
| FY2024 | 1.6% | 0.97× | 2.66× | 4.0% |
| FY2023 | 4.6% | 1.27× | 2.22× | 12.9% |
| FY2022 | 8.6% | 1.96× | 1.71× | 28.7% |
| FY2021 | 7.5% | 2.31× | 1.70× | 29.5% |
| FY2020 | 4.9% | 1.94× | 1.89× | 18.1% |
| FY2019 | 2.9% | 1.74× | 1.97× | 10.0% |
| FY2018 | 3.3% | 1.84× | 1.95× | 12.0% |
| FY2017 | 2.2% | 1.77× | 1.93× | 7.7% |
| FY2016 | 2.4% | 1.86× | 1.70× | 7.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$31.63M
- Cash generatingOperating cash flow above zero$72.81M
- Return on assets improvedROA up on the prior year1.6% → -1.2%
- Earnings backed by cashOperating cash flow above net income$72.81M vs -$31.63M
- Less leverageLong-term debt to assets fell13.7% → 14.4%
- Better liquidityCurrent ratio rose1.19 → 1.20
- No dilutionShare count did not rise23M → 22M
- Gross margin improvedGross margin up on the prior year32.96% → 32.49%
- More efficientAsset turnover rose1.00 → 0.89