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Marinemax Inc (HZO) stock

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NYSE: HZO NYSE Other Specialty Retail Next results ~November 12, 2026

C+ Fundamentals grade

Marinemax Inc is a US-listed company in the other specialty retail industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$28

Valuation models combined (4)

Base case. Range ~$19–$40. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, residual income, justified price-to-book), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Marinemax Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds95 adding, 74 cuttingOf 27 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Marinemax files

Where Marinemax stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.20bn, down 5.4% on a year earlier, a smaller fall than the 7.4% decline a quarter earlier. That puts it 16 of 17 for growth among the other specialty retail companies we cover. Free-cash-flow margin rose to 8.1% from -2.3% a year earlier. The diluted share count is down 4.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks. Our valuation models combined value is $36.98 a share, against a share price of $52.59.

Source: 10-Q filed July 23, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Marinemax Inc's trailing-twelve-month revenue fell 5.4% year on year, with a free-cash-flow margin of 8.1%. Where it stands out: change in share count of -4.7% ranks 4 of 33 other specialty retail companies we cover. Where it lags: revenue growth of -5.4% ranks 30 of 35 other specialty retail companies we cover.

Current signal Gross margin expanding: TTM gross margin reached 34.2%, up 1.8pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 4.7% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 5.4% over the last 12 months.
  • High earnings multiple. The shares trade at 288 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of 1.5 against the S&P 500.
  • Heavily shorted. 10.7% of the shares available to trade are sold short (2.4 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed July 23, 2026
Earnings per share
$0.81 against an average estimate of $0.83: missed by 2.7%
Revenue
$611m, down 7.0% on a year earlier
Share reaction
+10.4% in the first session after the results on July 23, 2026, against -1.1% for the S&P 500
Guidance given
adjusted EBITDA $110m to $125m (fiscal 2026); adjusted net income per diluted share $0.4 to $0.95 (fiscal 2026)
Next report
November 12, 2026; average EPS estimate $0.05

Marinemax's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.0%
  • 1 week+0.4%
  • 1 month+0.6%
  • This year+117.5%
  • 1 year+113.8%
  • 5 years-3.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.2B
Operating margin
3.0%
Net margin
0.2%
EPS (TTM, diluted)
$0.18

Growth

Revenue growth
−5.4%
Change in growth rate
+2.0 pts
Share count change
−4.7%

Cash

Free cash flow (TTM)
$178M
FCF margin
8.1%
Stock pay % of revenue
0.6%

Earnings

Last results
July 23, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Deal
  3. Results
  4. Guidance
  5. Results
  6. Partnership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Marinemax Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Marinemax Inc's free cash flow after stock-based pay ( $36.5M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Marinemax Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.18 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$2.8–$32 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$19 ~$14–$29 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$40 ~$27–$59 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$39 ~$35–$46 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$28 ~$19–$40 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Marinemax Inc with Other Specialty Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$20.95$16.55$21.25$15.48$25.67$48.52$29.79$32.82$35.27$25.33$52.70
Market value$520m$408m$489m$354m$568m$1.1bn$667m$736m$812m$559m$1.1bn
+ Net debt (− = net cash)$128m$212m$164m$274m−$3m−$147m−$48m$761m$876m$939m$796m
Enterprise value$648m$621m$654m$628m$565m$963m$620m$1.5bn$1.7bn$1.5bn$1.9bn
Multiples
Price / sales 0.6x0.4x0.4x0.3x0.4x0.5x0.3x0.3x0.3x0.2x0.5x
Price / earnings 23.0x17.3x12.4x9.8x7.6x7.2x3.4x6.7x21.3x—n/m
Price / free cash flow 52.3x—8.6x—1.9x3.2x36.8x——46.8x6.4x
EV / EBITDA 13.4x11.4x8.8x8.7x4.7x4.3x2.2x6.2x9.8x18.0x16.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

40 /100

Weak moat

How hard Marinemax's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Cash operating profit has been a median 5.0% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 31.2%, moving by 4.1 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Operating margin has been a median 5.4%; its worst year was 2.0%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 2.5% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 4.7% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (45 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, before the open. Analysts expect revenue of $543m and EPS of $0.05 (range $0.01 to $0.12) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.71 +17% $2.2bn −5%
Next $1.57 +121% $2.3bn +4%

Next year's EPS estimate has moved −2.8% in 90 days, across 9 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.83 $0.81 −2.7%
Mar 2026 $0.03 $0.04 +48.9%
Dec 2025 −$0.08 −$0.21 −156.4%
Sept 2025 −$0.12 −$0.04 +65.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 23, 2026
  • Adjusted net income per diluted share fiscal 2026 $0.40 to $0.95 Non-GAAP Maintained
    “Based on results to date, current business conditions, retail trends and other factors, the Company continues to expect fiscal 2026 Adjusted EBITDA 1,2 to be in the range of $110 million to $125 million and adjusted net income 1,2 in the range of $0.40 to $0.95 per diluted share.” source
  • Adjusted EBITDA fiscal 2026 $110m to $125m Non-GAAP Maintained
    “Based on results to date, current business conditions, retail trends and other factors, the Company continues to expect fiscal 2026 Adjusted EBITDA 1,2 to be in the range of $110 million to $125 million and adjusted net income 1,2 in the range of $0.40 to $0.95 per diluted share.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Marinemax Inc's revenue by +2.9% next year and +2.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.3%, weight 67%) and the company's own record (+2.0%, weight 33%) . How the weights are set.

Analyst recommendations

9 analysts, Oct 2026
Buy111%
Hold889%
Sell00%

Monthly trend

  1. Oct 2026189
  2. Sep 2026279
  3. Aug 2026639

Counts of recommendations published by analysts covering Marinemax Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.7%
of tradable shares
Days to cover
2.42
at average volume
Short interest, 1 month
−14%
to September 30, 2026
Held by institutions
86%
of shares
Held by insiders
11.5%
of shares
Employees
3,385
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +112.8%

$24.77 on October 31, 2025 to $52.70

ThenNowEffect
Revenue (last 12 months) $2.3bn $2.2bn −5.4%
P/S multiple 0.2x 0.5x +114.2%
Share count 23m 22m +5.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +74.7%

$30.16 on November 3, 2023 to $52.70

ThenNowEffect
Revenue (last 12 months) $2.3bn $2.2bn −6.0%
Net margin 5.7% 0.2% −96.8%
P/E multiple 5.1x n/m +5572.8%
Share count 22m 22m +2.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HZO+69%−47%+25%−26%−16%+118%
Industry peers (median)+42%−27%+2%−20%−10%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HZO67%42%58%58%33%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HZO−32%−53%−33%−37%−45%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 73% from May 10, 2021 to April 15, 2025. Getting back needed a 276% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$21.43 – $52.76
From 52-week high
−0.1%
vs 50-day average
+0.7%
vs 200-day average
+40.6%
Volatility (1 year)
63%
Beta vs S&P 500
1.47

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.8%
After a week
7 up, 5 down
typical move ±8.0%
After a month
9 up, 3 down
typical move ±11.1%
Results releasedNext dayS&P 500 next day5 days21 days
July 23, 2026 +10.4% −1.1% +6.4% +58.6%
April 23, 2026 +1.5% +0.4% −1.9% +19.2%
January 29, 2026 +0.6% −0.5% +9.4% +14.9%
November 13, 2025 −1.0% −1.7% −8.7% +6.9%
July 24, 2025 −15.8% +0.5% −17.0% +2.7%
April 24, 2025 +18.5% +2.8% +14.4% +9.9%
January 23, 2025 +9.6% +0.3% +8.9% −5.3%
October 31, 2024 −3.6% −1.5% +8.5% +8.9%
July 25, 2024 +17.5% +0.6% +3.3% +1.4%
April 25, 2024 −6.7% +0.6% −7.1% −0.4%
January 25, 2024 −15.6% +0.4% −9.9% −3.3%
October 26, 2023 −4.3% −1.6% +0.4% +2.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Marinemax Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Marinemax Inc
$2.1B $2.2B $2.3B $2.4B $2.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.4B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.5B Revenue (TTM), FY24 Q4: $2.4B Revenue (TTM), FY25 Q1: $2.4B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q1: $2.3B Revenue (TTM), FY26 Q2: $2.2B Revenue (TTM), FY26 Q3: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.4B
FY24 Q1 $2.4B
FY24 Q2 $2.4B
FY24 Q3 $2.5B
FY24 Q4 $2.4B
FY25 Q1 $2.4B
FY25 Q2 $2.4B
FY25 Q3 $2.3B
FY25 Q4 $2.3B
FY26 Q1 $2.3B
FY26 Q2 $2.2B
FY26 Q3 $2.2B
Revenue growth, TTM YoY Marinemax Inc
-10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.8% Revenue growth, TTM YoY, FY24 Q1: 3.0% Revenue growth, TTM YoY, FY24 Q2: 5.3% Revenue growth, TTM YoY, FY24 Q3: 5.4% Revenue growth, TTM YoY, FY24 Q4: 1.5% Revenue growth, TTM YoY, FY25 Q1: -1.7% Revenue growth, TTM YoY, FY25 Q2: -0.2% Revenue growth, TTM YoY, FY25 Q3: -5.8% Revenue growth, TTM YoY, FY25 Q4: -5.0% Revenue growth, TTM YoY, FY26 Q1: -1.1% Revenue growth, TTM YoY, FY26 Q2: -7.4% Revenue growth, TTM YoY, FY26 Q3: -5.4% -5.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.8%
FY24 Q1 3.0%
FY24 Q2 5.3%
FY24 Q3 5.4%
FY24 Q4 1.5%
FY25 Q1 -1.7%
FY25 Q2 -0.2%
FY25 Q3 -5.8%
FY25 Q4 -5.0%
FY26 Q1 -1.1%
FY26 Q2 -7.4%
FY26 Q3 -5.4%
Operating margin (TTM) Marinemax Inc
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 8.4% Operating margin (TTM), FY24 Q1: 7.6% Operating margin (TTM), FY24 Q2: 6.2% Operating margin (TTM), FY24 Q3: 5.5% Operating margin (TTM), FY24 Q4: 5.3% Operating margin (TTM), FY25 Q1: 6.2% Operating margin (TTM), FY25 Q2: 6.2% Operating margin (TTM), FY25 Q3: 2.0% Operating margin (TTM), FY25 Q4: 1.5% Operating margin (TTM), FY26 Q1: -0.0% Operating margin (TTM), FY26 Q2: -0.5% Operating margin (TTM), FY26 Q3: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 8.4%
FY24 Q1 7.6%
FY24 Q2 6.2%
FY24 Q3 5.5%
FY24 Q4 5.3%
FY25 Q1 6.2%
FY25 Q2 6.2%
FY25 Q3 2.0%
FY25 Q4 1.5%
FY26 Q1 -0.0%
FY26 Q2 -0.5%
FY26 Q3 3.0%
FCF margin (TTM) Marinemax Inc
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -12.0% FCF margin (TTM), FY24 Q1: -9.3% FCF margin (TTM), FY24 Q2: -6.2% FCF margin (TTM), FY24 Q3: -4.5% FCF margin (TTM), FY24 Q4: -3.5% FCF margin (TTM), FY25 Q1: -6.2% FCF margin (TTM), FY25 Q2: -2.1% FCF margin (TTM), FY25 Q3: -2.3% FCF margin (TTM), FY25 Q4: 0.5% FCF margin (TTM), FY26 Q1: 7.9% FCF margin (TTM), FY26 Q2: 7.6% FCF margin (TTM), FY26 Q3: 8.1% 8.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -12.0%
FY24 Q1 -9.3%
FY24 Q2 -6.2%
FY24 Q3 -4.5%
FY24 Q4 -3.5%
FY25 Q1 -6.2%
FY25 Q2 -2.1%
FY25 Q3 -2.3%
FY25 Q4 0.5%
FY26 Q1 7.9%
FY26 Q2 7.6%
FY26 Q3 8.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 589 450 481 524 584 625 751 942 1,052 1,177 1,237 1,510 2,063 2,308 2,395 2,431 2,309 2,196
Gross profit 89 111 119 133 151 162 185 226 265 298 323 399 659 806 835 801 750 751
EBITDA −60 −6 −2 12 25 23 33 48 55 74 72 119 225 285 242 173 83 118
Operating income −71 −13 −8 5 18 15 25 40 45 63 61 107 209 265 201 128 34 67
Net income −77 2 −12 1 15 11 48 23 24 39 36 75 155 198 109 38 −32 4
Diluted EPS −$4.11 $0.11 −$0.52 $0.05 $0.63 $0.46 $1.92 $0.91 $0.95 $1.71 $1.57 $3.37 $6.78 $8.84 $4.87 $1.65 −$1.43 $0.18
Growth (year on year)
Revenue — −23.5% +6.8% +9.1% +11.4% +6.9% +20.3% +25.4% +11.7% +11.9% +5.1% +22.0% +36.7% +11.9% +3.8% +1.5% −5.0% −5.4%
EBITDA — — — — +112.0% −9.8% +46.4% +45.3% +13.4% +35.1% −2.3% +65.7% +88.4% +26.5% −15.0% −28.6% −51.7% +24.2%
Operating income — — — — — −16.1% +64.6% +58.9% +12.5% +39.5% −4.2% +76.3% +96.3% +26.6% −24.3% −36.1% −73.5% +42.3%
Net income — — — — — −25.0% — −53.2% +4.3% +67.0% −8.5% +107.4% +107.7% +27.8% −44.8% −65.2% — —
Diluted EPS — — — — — −27.0% — −52.6% +4.4% +80.0% −8.2% +114.6% +101.2% +30.4% −44.9% −66.1% — —
Margins
Gross margin 15.1% 24.6% 24.8% 25.4% 25.8% 25.9% 24.6% 24.0% 25.2% 25.3% 26.1% 26.4% 32.0% 34.9% 34.9% 33.0% 32.5% 34.2%
EBITDA margin −10.3% −1.3% −0.4% 2.3% 4.3% 3.6% 4.4% 5.1% 5.2% 6.3% 5.8% 7.9% 10.9% 12.3% 10.1% 7.1% 3.6% 5.4%
Operating margin −12.1% −2.9% −1.7% 1.0% 3.1% 2.5% 3.4% 4.3% 4.3% 5.4% 4.9% 7.1% 10.2% 11.5% 8.4% 5.3% 1.5% 3.0%
Net margin −13.0% 0.6% −2.4% 0.2% 2.6% 1.8% 6.4% 2.4% 2.2% 3.3% 2.9% 4.9% 7.5% 8.6% 4.6% 1.6% −1.4% 0.2%
Free-cash-flow margin 35.2% 8.0% −4.4% 0.6% −0.3% 0.3% −0.9% 1.1% −0.9% 4.8% −2.4% 19.3% 16.9% 0.8% −12.0% −3.5% 0.5% 8.1%
Cash flow
Cash from operations 209 40 −15 9 8 11 3 23 5 70 −12 305 374 77 −222 −26 73 219
Capital spending 2 4 7 6 10 9 10 13 14 14 17 13 26 58 65 60 61 41
Free cash flow 207 36 −21 3 −2 2 −7 10 −10 57 −29 292 348 18 −288 −86 12 178
Stock-based pay 6 1 3 3 3 3 3 4 6 6 7 7 10 16 22 24 19 14
Free cash flow after stock pay 201 36 −25 −1 −5 −1 −10 6 −16 50 −36 284 338 2 −309 −110 −7 164
Balance sheet
Cash 26 17 19 24 24 28 33 39 42 49 39 155 222 228 201 224 170 175
Total debt 0 94 119 121 122 124 137 167 254 213 312 152 76 181 962 1,100 1,109 971
Net debt (negative = net cash) −26 77 99 97 99 97 105 128 212 164 274 −3 −147 −48 761 876 939 796
Diluted shares 19m 23m 22m 23m 24m 25m 25m 25m 25m 23m 23m 22m 23m 22m 22m 23m 22m 22m
Returned to shareholders
Buybacks — — — — — — 10 6 43 1 28 1 24 21 — 2 27 —
Total returned — — — — — — 10 6 43 1 28 1 24 21 — 2 27 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $2.4bn
Short-term assets $1.1bnLonger-term assets $1.3bn
What it owes, and who funded it · $2.3bn
Short-term liabilities $881mLonger-term liabilities $513mShareholders' equity $952m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $881m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $513m of longer-dated liabilities.
  • More cash than debt $175m of cash against $363m of debt.
  • Debt below 40% of shareholders' equity Debt is 38% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 7% to 38% over five years.
  • A year's operating cash flow covers at least 20% of debt $219m of operating cash flow against $363m of debt.
  • Operating profit covers interest at least five times over Operating income of $67m against $62m of interest.

From Marinemax Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$50.9M
Diluted share count
−4.7%
year over year
Sales & admin spending
31.2%
of revenue
Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in other specialty retail
Last 12 months unless stated HZO EYE ONEW SVV IMMR BNED Median
Revenue, last 12 months $2.2bn $2.0bn $1.8bn $1.7bn $1.7bn $1.7bn $1.2bn
Revenue growth, last 12 months −5.4% 7.8% 1.3% 10.0% 4.1% 5.0% 4.0%
Revenue growth, 3-year average −2.1% 10.6% −1.2% 5.8% 259.7% 3.4% 2.6%
Revenue growth, latest quarter −7.0% 2.5% −4.0% 7.4% 0.8% 0.8% 2.3%
Gross margin 34.2% 52.8% 23.5% 26.3% 100.0% 21.4% 36.5%
Operating margin 3.0% 4.1% −5.1% 7.7% 1.9% 2.5% 2.2%
Operating margin, 3-year average 3.5% 1.8% −1.8% 7.5% 7.7% 0.9% 1.5%
Net margin 0.2% 2.5% −6.7% 1.4% 0.6% 1.3% 0.8%
Cash from operations / revenue 10.0% 6.4% 3.7% 11.8% 4.5% 3.8% 5.5%
Free-cash-flow margin 8.1% 2.4% 3.1% 4.7% 3.5% 2.8% 3.0%
Free-cash-flow margin, 3-year average 0.4% 2.5% 2.5% 3.9% −9.0% −0.3% 2.7%
Stock pay / revenue 0.6% 1.2% 0.7% 1.4% 0.5% 0.3% 0.6%
Change in share count −4.7% 2.6% — −2.2% 1.0% 10.9% 0.7%

Median of all 35 companies we cover in other specialty retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 other specialty retail companies
Measure Company Peer median Rank
Revenue growth Growth -5.4% 4.0% 30 of 35
Change in growth rate Growth +2.0pp -0.2pp 9 of 35
Gross margin Profitability 34.2% 36.5% 18 of 31
Operating margin Profitability 3.0% 2.2% 13 of 33
Net margin Profitability 0.2% 0.8% 22 of 35
Free-cash-flow margin Cash generation 8.1% 3.1% 6 of 34
Stock pay as % of revenue Cash generation 0.6% 0.7% 14 of 30
Long-term debt as % of assets Balance sheet 14.2% 14.2% 14 of 26
Change in share count Balance sheet -4.7% 0.6% 4 of 33
Days sales outstanding Balance sheet 16 days 13 days 13 of 20

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Geography
Region Revenue Share YoY
United States $2.2B 93.8% ▼ 6.2%
Outside the US $144M 6.2% ▲ 18.7%

From Marinemax Inc's 10-K filed November 17, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$723M
Institutions reporting
184
Shares held vs prior quarter
▲ 0.6%
Positions opened / closed
32 / 20

Top buyers and sellers, Q2 2026: 95 institutions bought and 74 sold ; the biggest buyer was First Eagle Investment Management, LLC (+421K shares) and the biggest seller Boothbay Fund Management, LLC (−487K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $116M 3.2M 16.1% ▲ 4.1%
American Century Companies Inc $83.3M 2.3M 11.5% ▲ 7.3%
State Street Corp $35.1M 958K 4.9% ▲ 2.6%
Dimensional Fund Advisors LP $34.1M 931K 4.7% ▼ 3.7%
Vanguard Capital Management LLC $32M 873K 4.4% ▲ 2.1%
First Eagle Investment Management, LLC $27.7M 757K 3.8% ▲ 125.2%
Royce & Associates LP $20.8M 567K 2.9% ▲ 13.1%
Geode Capital Management, LLC $18.6M 508K 2.6% ▲ 6.9%
Vanguard Portfolio Management LLC $18.4M 503K 2.5% ▲ 5.5%
Charles Schwab Investment Management Inc $17.8M 486K 2.5% ▼ 15.4%
Invesco Ltd. $16.9M 460K 2.3% ▼ 25.5%
Divisadero Street Capital Management, LP $16.7M 456K 2.3% ▲ 178.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Marinemax Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • July 23, 2026
  • April 23, 2026
  • January 29, 2026
  • November 13, 2025
  • July 24, 2025
  • April 24, 2025

Recent SEC filings

Data status

When each part of this page on Marinemax Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Marinemax Inc in brief

What does Marinemax Inc do?
Marinemax Inc is a US-listed company in the other specialty retail industry. Its financial year ends in September.
What is Marinemax Inc's stock ticker?
Marinemax Inc trades under the ticker HZO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Marinemax Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Marinemax Inc reported revenue of $2.2B, 5.4% lower than a year earlier, according to its SEC filings.
What is Marinemax Inc's free cash flow?
Marinemax Inc's free-cash-flow margin is 8.1% of revenue over the trailing twelve months, ranking 6 of the 34 other specialty retail companies we cover.
Who are Marinemax Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., American Century Companies Inc and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Marinemax Inc's market cap?
On November 2, 2026, Marinemax Inc's market capitalisation was about $1.1B, with a price-to-earnings ratio of 287.9 and net debt of $796M. Market figures come from third-party market data and may be delayed.
How much debt does Marinemax Inc have?
Marinemax Inc's debt-to-equity ratio is 38.1%, from its latest balance sheet (7.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Marinemax Inc's competitors?
In our Other Specialty Retail peer group, the companies closest to Marinemax Inc are National Vision Holdings, Inc., Onewater Marine Inc., Savers Value Village, Inc., Immersion Corp and Barnes & Noble Education, Inc. The side-by-side comparison below sets their revenue, margins and growth against Marinemax Inc's.
When is Marinemax Inc's next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Marinemax Inc announces its own schedule.