HZO

MKT CAP:$648M

MarineMax, Inc.

Market Cap

$648M

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NYSE

Consumer Cyc.·Specialty Retail·🇺🇸·NYSE

Stock Price

$29.29+$5.21 (+21.64%)

Apr 22, 2026

Company Details

MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreatio...

CEO

William Brett McGill

IPO Date

Jun 3, 1998

Website

www.marinemax.com

Key Metrics TTM

Revenue

$2.4B

-0.5% YoY

Net Income

-$5M

EPS (Diluted)

-$0.40

Free Cash Flow

-$67M

Revenue / Share

$109.66

Gross Margin

32.9%

Operating Margin

2.9%

Net Margin

-0.2%

FCF Margin

-2.8%

P/S

0.3x

P/E

—

Earnings Reports

Q2 2026

Apr 23, 2026

NEW

$527MEPS -$0.12

Q3 2025

Jul 24, 2025

$657M-13.3%EPS -$2.42

Q1 2025

Jan 23, 2025

$468MEPS $0.77

FY 2024

Nov 14, 2024

$2.4B+1.5%EPS $1.65

Q3 2024

Jul 25, 2024

$758M+5.0%EPS $1.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$399M	$116M	$33M
Q1 21	$412M	$123M	$32M
Q2 21	$523M	$157M	$53M
Q3 21	$666M	$205M	$81M
Q4 21	$462M	$175M	$44M
Q1 22	$473M	$167M	$47M
Q2 22	$610M	$205M	$72M
Q3 22	$689M	$236M	$95M
Q4 22	$537M	$197M	$51M
Q2 23	$570M	$201M	$55M
Q3 23	$722M	$244M	$75M
Q4 23	$595M	$204M	$34M
Q3 24	$758M	$242M	$61M
Q1 25	$468M	$170M	$39M
Q3 25	$657M	$200M	-$42M
Q2 26	$527M	$181M	$11M

Valuation

Quarter	P/S	P/E
Q4 20	0.4x	7.7x
Q1 21	0.5x	9.7x
Q2 21	0.6x	8.9x
Q3 21	0.5x	7.2x
Q4 21	0.5x	7.2x
Q1 22	0.6x	7.7x
Q2 22	0.4x	5.1x
Q3 22	0.4x	4.3x
Q4 22	0.3x	3.2x
Q2 23	0.3x	3.3x
Q3 23	0.3x	4.1x
Q4 23	0.3x	5.7x
Q3 24	0.3x	5.6x
Q1 25	0.2x	5.7x
Q3 25	0.2x	45.1x
Q2 26	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$240M	$238M
Q4 20	$83M	$79M
Q1 21	-$13M	-$20M
Q2 21	$159M	$154M
Q3 21	$183M	$177M
Q4 21	$44M	$37M
Q1 22	$8M	-$16M
Q2 22	$81M	$73M
Q3 22	$34M	$23M
Q4 22	-$46M	-$62M
Q2 23	-$94M	-$110M
Q3 23	$54M	$31M
Q4 23	-$25M	-$42M
Q3 24	$86M	$71M
Q1 25	-$146M	-$164M
Q3 25	$85M	$68M

Capital Expenditures

Quarter	CapEx
Q3 20	$2M
Q4 20	$5M
Q1 21	$7M
Q2 21	$5M
Q3 21	$6M
Q4 21	$8M
Q1 22	$24M
Q2 22	$8M
Q3 22	$11M
Q4 22	$15M
Q2 23	$15M
Q3 23	$23M
Q4 23	$17M
Q3 24	$15M
Q1 25	$18M
Q3 25	$16M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	+29.4%	+23.8%
Q1 21	+35.3%	+31.5%
Q2 21	+69.6%	+57.4%
Q3 21	+33.7%	+30.2%
Q4 21	+15.9%	+14.4%
Q1 22	+14.9%	+12.1%
Q2 22	+16.6%	+14.5%
Q3 22	+3.3%	+1.3%
Q4 22	+16.1%	+16.1%
Q2 23	+20.7%	+21.0%
Q3 23	+18.3%	+20.2%
Q4 23	-13.6%	-5.6%
Q3 24	+41.2%	+43.4%
Q1 25	-17.9%	-16.6%
Q3 25	-9.0%	+7.9%
Q2 26	-11.3%	-7.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$2M	0.4%
Q4 20	$2M	0.5%
Q1 21	$2M	0.5%
Q2 21	$2M	0.5%
Q3 21	$2M	0.4%
Q4 21	$3M	0.6%
Q1 22	$3M	0.7%
Q2 22	$4M	0.6%
Q3 22	$4M	0.6%
Q4 22	$5M	0.9%
Q2 23	$5M	0.9%
Q3 23	$5M	0.8%
Q4 23	$6M	1.0%
Q3 24	$6M	0.8%
Q1 25	$5M	1.2%
Q3 25	$6M	0.9%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 20	$208M	—	—
Q1 21	$91M	—	—
Q4 21	$91M	$39M	—
Q4 22	$120M	$26M	—
Q4 23	$133M	$36M	—
Q2 26	—	—	$170M

Revenue Segments

Quarter	Product Manufacturing	Retail Operations
Q3 21	$20M	$657M
Q4 21	$24M	$452M
Q1 22	$34M	$455M
Q2 22	$47M	$578M
Q3 22	$49M	$658M
Q4 22	$46M	$509M
Q3 24	-$548.0K	$752M
Q3 25	$32M	$656M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$281M	$0	$281M
Q4 22	$228M	$0	$228M
Q1 23	$178M	$0	$178M
Q2 23	$204M	$0	$204M
Q3 23	$226M	$0	$226M
Q4 23	$201M	$0	$201M
Q1 24	$210M	$0	$210M
Q2 24	$217M	$0	$217M
Q3 24	$242M	$0	$242M
Q4 24	$224M	$0	$224M
Q1 25	$145M	$0	$145M
Q2 25	$204M	$0	$204M
Q3 25	$151M	$0	$151M
Q4 25	$170M	$0	$170M
Q1 26	$165M	$0	$165M
Q2 26	$189M	$0	$189M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	23M	+2.5%	+3.2%
Q1 21	23M	+0.6%	+3.9%
Q2 21	23M	+1.1%	+4.7%
Q3 21	23M	+0.2%	+4.5%
Q4 21	23M	-1.6%	+0.3%
Q1 22	23M	-0.0%	-0.4%
Q2 22	23M	-0.6%	-2.0%
Q3 22	22M	-1.6%	-3.8%
Q4 22	22M	+0.3%	-2.0%
Q2 23	22M	+0.4%	-1.5%
Q3 23	22M	+0.5%	-0.5%
Q4 23	23M	+1.5%	+2.6%
Q3 24	23M	+1.3%	+3.7%
Q1 25	23M	+1.5%	+4.8%
Q3 25	22M	-8.0%	-4.1%
Q2 26	22M	+2.2%	-3.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$229.7K	2K
Q1 21	$237.1K	2K
Q2 21	$301.3K	2K
Q3 21	$383.8K	2K
Q4 21	$173.4K	3K
Q1 22	$177.3K	3K
Q2 22	$228.8K	3K
Q3 22	$258.3K	3K
Q4 22	$157.4K	3K
Q2 23	$167.3K	3K
Q3 23	$211.7K	3K
Q4 23	$151.4K	4K
Q3 24	$192.9K	4K
Q1 25	$115.7K	4K
Q3 25	$162.3K	4K
Q2 26	$155.8K	3K

Revenue / Employee