MarineMax, Inc. (HZO) AI Stock Analysis

MarineMax, Inc. operates as a recreational boat and yacht retailer and provides superyacht services across the United States. It is organized into two core segments: Retail Operations and Product Manufacturing. The company offers new and used pleasure craft, fishing vessels, mega-yachts, motor yachts, and sport cruisers, as well as marine parts, accessories, electronics, and engine equipment. Its service offerings include maintenance, repair, storage, brokerage, financing, and insurance. MarineMax also manufactures sport yachts and yachts, operates vacation experiences in destinations such as Tortola and the British Virgin Islands, and sells through offsite locations and catalogs.

Between FY2021 and FY2025, MarineMax posted a 5-year revenue CAGR of 8.9%. Annual revenue grew from $2.06B in FY2021 to a peak of $2.43B in FY2024 before decreasing 5.0% to $2.31B in FY2025. Gross margin stood at 32.5% in FY2025, down from 34.9% in FY2022 and FY2023. Operating margin compressed from 10.2% in FY2021 to 4.5% in FY2025. Net income dropped from $155.0M in FY2021 to -$31.6M in FY2025, yielding an EPS of $0.85. In the latest quarter ended June 30, 2026, revenue fell 7.0% year-over-year, while quarterly earnings grew 100.0%. Trailing twelve month revenue was $2.20B with an operating margin of 6.1%.

As of June 30, 2026, MarineMax held $174.8M in cash and short-term investments against $1.11B in total debt, resulting in net debt of $935.0M. Total assets were $2.36B, shareholders' equity was $952.5M, and the current ratio was 1.23. Debt-to-equity stood at 1.17. In FY2025, the company generated $72.8M in operating cash flow and $11.9M in free cash flow. Capital expenditures were $60.9M, and share buybacks totaled $27.5M for the fiscal year.

MarineMax trades at a trailing P/E of 327.3x and a forward P/E of 34.5x, compared to the median of its US-listed Consumer Cyclical peers of 18.0x and 14.1x, respectively. Its enterprise value of $2.09B represents an EV/EBITDA of 17.8x, above the peer median of 11.1x. Its price-to-sales multiple is 0.5x, below the peer median of 0.7x, and its price-to-book ratio is 1.2x. Over the past year, HZO returned 101.7%, outperforming the S&P 500 (SPY) return of 16.8%, while its 5-year return of 11.8% trailed the index's 83.0%.

Wall Street coverage includes 1 Strong Buy and 8 Hold ratings from 9 analysts. The mean price target is $49.40, which represents a 5.7% decline from the last close of $52.37. For the fiscal year ending September 30, 2026, analysts estimate EPS of $0.71 on revenue of $2.20B. For the following fiscal year, EPS is projected to rise 121.3% to $1.57 on revenue of $2.29B. MarineMax beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of MarineMax, Inc. (HZO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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