MarineMax Past Earnings Performance
Past criteria checks 0/6
MarineMax's earnings have been declining at an average annual rate of -44.4%, while the Specialty Retail industry saw earnings declining at 4.3% annually. Revenues have been growing at an average rate of 3.1% per year.
Key information
-44.39%
Earnings growth rate
-44.50%
EPS growth rate
| Specialty Retail Industry Growth | 26.64% |
| Revenue growth rate | 3.12% |
| Return on equity | -6.66% |
| Net Margin | -2.83% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 05
HZO: Fair Value View Sees Sale Process And Raised Bid Shaping Outlook
MarineMax's analyst price target has been raised by a cluster of recent Street updates totaling $18. This reflects analysts' refreshed views informed by adjustments to discount rate assumptions and forward P/E expectations.Narrative Update • May 21
HZO: Fair Value View Sees Sale Process And Activism Shaping Outlook
MarineMax's analyst price target has increased to $35.29 from $31.86, as analysts factor in updated assumptions for revenue growth, profit margin and future P/E that align with recent target increases from Citi, B. Riley and Truist.
Narrative Update • Apr 27
HZO: Buyout Bids And Repurchases Will Shape Future Risk Reward Profile
MarineMax's analyst fair value estimate has moved from $29.00 to $33.00 as analysts factor in updated expectations for revenue growth, profit margins, and a lower future P/E multiple following a series of recent price target increases across the Street. Analyst Commentary Recent Street research on MarineMax has centered on recalibrating price targets as analysts reassess the balance between revenue growth expectations, profitability, and valuation.Narrative Update • Apr 11
HZO: Buyout Interest And Buybacks Will Shape Future Share Performance
MarineMax's updated analyst view reflects a modest reset in the consolidated price target around a stable fair value of $29.00, with recent Street revisions balancing a $3 cut and a $2 increase as analysts refine assumptions on revenue growth, margins, and future P/E expectations. Analyst Commentary Recent Street commentary around MarineMax centers on how much risk investors should assign to execution and growth relative to the current fair value near $29.00.Narrative Update • Mar 28
HZO: Buyout Interest And Buybacks Will Support Share Performance
Analysts have adjusted MarineMax's price targets in a mixed but relatively modest way, with recent Street research showing both a $3 trim and earlier $2 to $5 increases as they update assumptions around revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research around MarineMax points to a more cautious tone, even as some targets have moved in different directions.Narrative Update • Mar 13
HZO: Fair Value View Sees Buyout Interest Driving Future Upside
Analysts have adjusted their views on MarineMax with a modest change in the consolidated price target, reflecting updated assumptions around the stock's future P/E and recent research that includes price target moves ranging from $2 to $5. Analyst Commentary Recent research on MarineMax reflects a tight range of price target revisions, with individual moves of $2 to $5 in different directions.Narrative Update • Feb 27
HZO: Fair Outlook Balances Buyout Interest And Mixed Market Expectations
Narrative Update on MarineMax The analyst fair value estimate for MarineMax has shifted from $26.00 to $29.00 as analysts factor in updated expectations for revenue growth, profit margins, and a higher assumed future P/E multiple, as reflected in recent research commentary around price target revisions. Analyst Commentary Recent Street research around MarineMax has featured mixed price target moves, with some bearish analysts trimming their expectations even as others adjust targets upward.Narrative Update • Feb 11
HZO: Fair Value View Balances Donerail Offer With Mixed Outlook
Analysts have nudged their fair value estimate for MarineMax higher from about $30.71 to $31.86, reflecting recent mixed price target adjustments and updated views on margins, the discount rate, and future P/E assumptions. Analyst Commentary Recent Street research has been mixed, with both upward and downward price target moves feeding into the modest lift in fair value.Analysis Article • Feb 01
The MarineMax, Inc. (NYSE:HZO) First-Quarter Results Are Out And Analysts Have Published New Forecasts
MarineMax, Inc. ( NYSE:HZO ) shareholders are probably feeling a little disappointed, since its shares fell 4.0% to...Narrative Update • Jan 28
HZO: Raised Outlook And Buybacks Will Support Potential Upside Rebound
Analysts have raised their price target on MarineMax by $5, citing updated views on the company’s outlook following recent guidance and earnings commentary. Analyst Commentary Bullish Takeaways Bullish analysts view the recent $5 price target increase as a signal that the latest guidance and earnings commentary support a higher valuation than previously assumed.Narrative Update • Jan 14
HZO: Cautious FY26 Outlook Will Set Up Potential Upside Rebound
Analysts have revised their price expectations for MarineMax, with the consensus target moving from about US$29.17 to roughly US$30.71. This reflects updated views after FY26 guidance that some see as cautious relative to a mostly in line Q4 performance.Seeking Alpha • Dec 25
MarineMax: The Ride Risks Getting Bumpy (Rating Downgrade)
Summary MarineMax is downgraded to 'hold' as weakening revenue, profits, and cash flows outweigh management's optimism. HZO's shift toward higher-margin services has improved gross margins, but rising SG&A costs and lower new boat sales pressure profitability. Management projects FY2026 EBITDA of $110–$125 million, but macroeconomic headwinds and high leverage (net leverage ratio 7.98) raise caution. Relative valuation is mixed; HZO is not the cheapest on EV/EBITDA, and a deteriorating climate could quickly make shares expensive. Read the full article on Seeking AlphaAnalysis Article • Dec 09
These 4 Measures Indicate That MarineMax (NYSE:HZO) Is Using Debt In A Risky Way
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Oct 11
MarineMax, Inc.'s (NYSE:HZO) Share Price Could Signal Some Risk
There wouldn't be many who think MarineMax, Inc.'s ( NYSE:HZO ) price-to-sales (or "P/S") ratio of 0.2x is worth a...Analysis Article • Aug 19
Is MarineMax (NYSE:HZO) A Risky Investment?
NYSE:HZO 1 Year Share Price vs Fair Value Explore MarineMax's Fair Values from the Community and select yours Howard...Analysis Article • Jul 02
MarineMax, Inc.'s (NYSE:HZO) Shares Bounce 26% But Its Business Still Trails The Market
MarineMax, Inc. ( NYSE:HZO ) shareholders have had their patience rewarded with a 26% share price jump in the last...Seeking Alpha • Apr 27
MarineMax: Navigating A Cloudier Outlook After Strong Q2
Summary MarineMax reported resilient Q2 results, where sales surged in spite of a weak consumer environment. The company's cost savings caused earnings to also remain good. After Q2, the industry outlook has become worse. The consumer sentiment has declined further in April, causing slow sales. MarineMax cut its FY2025 guidance due to April weakness. MarineMax has significant debt. I still believe that the company should navigate the balance sheet well due to several factors. As MarineMax's stock has declined, it is cheap. I estimate 48% upside to a fair value of $33.8. Read the full article on Seeking AlphaAnalysis Article • Apr 25
MarineMax (NYSE:HZO) Use Of Debt Could Be Considered Risky
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Apr 04
At US$19.50, Is It Time To Put MarineMax, Inc. (NYSE:HZO) On Your Watch List?
MarineMax, Inc. ( NYSE:HZO ), might not be a large cap stock, but it received a lot of attention from a substantial...Analysis Article • Feb 28
MarineMax, Inc. (NYSE:HZO) Might Not Be As Mispriced As It Looks
MarineMax, Inc.'s ( NYSE:HZO ) price-to-earnings (or "P/E") ratio of 10.5x might make it look like a buy right now...Seeking Alpha • Feb 14
MarineMax Still Deserves A Bullish Outlook
Summary MarineMax, the world's largest recreational boat and yacht retailer, has seen mixed financial performance, with revenue growth but declining profitability metrics due to economic challenges. After a 13.3% stock rise and shares being cheaper than peers, I have downgraded HZO stock from “strong buy” to 'buy' due to increased valuation. MarineMax's growth strategy includes acquisitions and margin improvements, with a focus on expanding through innovative investments and capitalizing on a fragmented boating industry. While recent financials are mixed, HZO remains attractively priced and poised for growth, justifying a “buy” rating for 2025. Read the full article on Seeking AlphaSeeking Alpha • Nov 29
MarineMax: Undervalued Long-Term Potential After Hurricane Impact
Summary MarineMax's fiscal Q4 results were impacted by Hurricane Helene and Hurricane Milton, but the underlying performance was still relatively strong. Despite remaining industry uncertainty, the Company's long-term earnings outlook is good with expansion of high-margin businesses, cost control, vertical integration, and accretive acquisitions. The market continues to undermine HZO's earnings power, and I estimate 53% upside to a fair value of $49.34. Read the full article on Seeking Alpha
New Narrative • Sep 24
Expanding Into High-Margin Ventures And Innovative Tech Boosts Profitability And Brand Loyalty
Initiatives focusing on high-margin areas and cost optimization are poised to enhance profitability and sustain cash flow.Analysis Article • Sep 09
MarineMax (NYSE:HZO) Use Of Debt Could Be Considered Risky
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 19
What Is MarineMax, Inc.'s (NYSE:HZO) Share Price Doing?
While MarineMax, Inc. ( NYSE:HZO ) might not have the largest market cap around , it saw a decent share price growth of...Analysis Article • Jul 29
MarineMax, Inc. Just Beat Revenue By 5.2%: Here's What Analysts Think Will Happen Next
MarineMax, Inc. ( NYSE:HZO ) defied analyst predictions to release its quarterly results, which were ahead of market...Seeking Alpha • Jul 28
MarineMax: Q3 And M&A Speculation Show Improving Fundamentals In Challenging Industry
Summary MarineMax reported Q3 results exceeding Wall Street estimates by a wide margin, with same-store revenues growing by 4% in a challenging industry environment. Potential M&A with OneWater or ICG could pose more upside for investors as talks around potential transactions has heated up. Despite remaining risks in the industry, I remain bullish as MarineMax's stock valuation remains attractive with potential further upside from M&A. Read the full article on Seeking AlphaAnalysis Article • Jun 21
MarineMax, Inc. (NYSE:HZO) Surges 27% Yet Its Low P/E Is No Reason For Excitement
MarineMax, Inc. ( NYSE:HZO ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...Seeking Alpha • May 21
MarineMax: Staying The Course Despite Turbulent Waters
Summary MarineMax has underperformed expectations but remains a bullish investment due to its attractive valuation. The company has managed to increase revenue, but it has come at a hefty cost to the bottom line. MarineMax's stock is attractively priced, and management has authorized a $100 million share buyback program that should add value to shareholders. Read the full article on Seeking AlphaAnalysis Article • Apr 27
Is It Too Late To Consider Buying MarineMax, Inc. (NYSE:HZO)?
While MarineMax, Inc. ( NYSE:HZO ) might not have the largest market cap around , it received a lot of attention from a...Analysis Article • Mar 30
These 4 Measures Indicate That MarineMax (NYSE:HZO) Is Using Debt In A Risky Way
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How MarineMax makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,242 | -64 | 686 | 0 |
| 31 Dec 25 | 2,346 | -58 | 674 | 0 |
| 30 Sep 25 | 2,309 | -32 | 675 | 0 |
| 30 Jun 25 | 2,320 | -27 | 661 | 0 |
| 31 Mar 25 | 2,421 | 57 | 669 | 0 |
| 31 Dec 24 | 2,372 | 55 | 676 | 0 |
| 30 Sep 24 | 2,431 | 38 | 676 | 0 |
| 30 Jun 24 | 2,462 | 49 | 675 | 0 |
| 31 Mar 24 | 2,427 | 62 | 663 | 0 |
| 31 Dec 23 | 2,414 | 91 | 639 | 0 |
| 30 Sep 23 | 2,395 | 109 | 632 | 0 |
| 30 Jun 23 | 2,337 | 133 | 602 | 0 |
| 31 Mar 23 | 2,304 | 158 | 575 | 0 |
| 31 Dec 22 | 2,343 | 182 | 564 | 0 |
| 30 Sep 22 | 2,308 | 198 | 541 | 0 |
| 30 Jun 22 | 2,234 | 192 | 524 | 0 |
| 31 Mar 22 | 2,211 | 182 | 506 | 0 |
| 31 Dec 21 | 2,124 | 167 | 477 | 0 |
| 30 Sep 21 | 2,063 | 155 | 450 | 0 |
| 30 Jun 21 | 2,000 | 148 | 400 | 0 |
| 31 Mar 21 | 1,832 | 123 | 352 | 0 |
| 31 Dec 20 | 1,617 | 89 | 317 | 0 |
| 30 Sep 20 | 1,510 | 75 | 290 | 0 |
| 30 Jun 20 | 1,419 | 56 | 280 | 0 |
| 31 Mar 20 | 1,304 | 40 | 274 | 0 |
| 31 Dec 19 | 1,299 | 40 | 269 | 0 |
| 30 Sep 19 | 1,237 | 36 | 259 | 0 |
| 30 Jun 19 | 1,238 | 41 | 251 | 0 |
| 31 Mar 19 | 1,215 | 39 | 245 | 0 |
| 31 Dec 18 | 1,182 | 40 | 240 | 0 |
| 30 Sep 18 | 1,177 | 39 | 235 | 0 |
| 30 Jun 18 | 1,119 | 32 | 227 | 0 |
| 31 Mar 18 | 1,088 | 29 | 224 | 0 |
| 31 Dec 17 | 1,062 | 25 | 220 | 0 |
| 30 Sep 17 | 1,052 | 24 | 217 | 0 |
| 30 Jun 17 | 1,029 | 25 | 210 | 0 |
| 31 Mar 17 | 1,045 | 25 | 205 | 0 |
| 31 Dec 16 | 999 | 25 | 194 | 0 |
| 30 Sep 16 | 942 | 23 | 186 | 0 |
| 30 Jun 16 | 904 | 50 | 180 | 0 |
| 31 Mar 16 | 790 | 51 | 167 | 0 |
| 31 Dec 15 | 763 | 49 | 164 | 0 |
| 30 Sep 15 | 751 | 48 | 160 | 0 |
| 30 Jun 15 | 726 | 21 | 156 | 0 |
Quality Earnings: HZO is currently unprofitable.
Growing Profit Margin: HZO is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HZO is unprofitable, and losses have increased over the past 5 years at a rate of 44.4% per year.
Accelerating Growth: Unable to compare HZO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HZO is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (0.04%).
Return on Equity
High ROE: HZO has a negative Return on Equity (-6.66%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 22:00 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MarineMax, Inc. is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Albanese | Benchmark Company |
| Anna Glaessgen | B. Riley Securities, Inc. |
| James Hardiman | Citigroup Inc |