MarineMax, Inc. (HZO) Key Metrics
HZO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.16B
- Enterprise value
- $2.09B
- P/E (TTM)
- 327.3 10-yr median 9.8
- Forward P/E
- 34.5
- PEG ratio
- 1.09
- Price / sales
- 0.5 10-yr median 0.4
- Price / book
- 1.2 10-yr median 1.1
- EV / EBITDA
- 17.8 10-yr median 8.8
- Dividend yield
- —
- Beta
- 1.70
HZO key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsHZO valuation Price multiples at each fiscal year-end price.
HZO returns How much profit the business earns on the capital it uses.
HZO per-share figures Results divided by the shares outstanding at year-end.
HZO financial health Debt, liquidity and how easily interest is covered.
HZO efficiency & capital use Working capital cycle and where the cash goes.
HZO valuation history
HZO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HZO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HZO cash returned to shareholders
HZO price vs earnings per share
HZO key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $558.6M | $811.7M | $736.1M | $667.3M | $1.11B | $568.0M | $354.2M | $489.4M | $408.4M | $520.0M |
| Enterprise value | $1.63B | $1.82B | $1.63B | $718.6M | $1.07B | $605.0M | $627.8M | $653.5M | $620.7M | $648.0M |
| P/E ratio | — | 21.3 | 6.7 | 3.4 | 7.2 | 7.6 | 9.8 | 12.4 | 17.3 | 23.0 |
| Price / sales | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 | 0.4 | 0.3 | 0.4 | 0.4 | 0.6 |
| Price / book | 0.6 | 0.8 | 0.8 | 0.9 | 1.9 | 1.2 | 1.0 | 1.4 | 1.4 | 1.7 |
| Price / free cash flow | 46.8 | — | — | 36.8 | 3.2 | 1.9 | — | 8.6 | — | 52.3 |
| Price / operating cash flow | 7.7 | — | — | 8.7 | 3.0 | 1.9 | — | 7.0 | 86.1 | 22.7 |
| EV / sales | 0.7 | 0.7 | 0.7 | 0.3 | 0.5 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 |
| EV / EBITDA | 19.6 | 10.7 | 8.1 | 2.5 | 4.8 | 5.1 | 8.7 | 8.8 | 11.4 | 13.4 |
| EV / free cash flow | 136.8 | — | — | 39.6 | 3.1 | 2.1 | — | 11.5 | — | 65.1 |
| Earnings yield | −5.7% | 4.7% | 14.8% | 29.7% | 14.0% | 13.1% | 10.2% | 8.0% | 5.8% | 4.3% |
| Free cash flow yield | 2.1% | −10.6% | −39.1% | 2.7% | 31.4% | 51.4% | −8.3% | 11.6% | −2.4% | 1.9% |
| Dividend yield | — | — | 0.3% | 0.3% | 0.2% | 28.2% | 24.2% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 4.9% | 0.3% | 0.7% | 3.5% | 2.4% | 28.3% | 32.0% | 0.2% | 10.5% | 1.1% |
| Share price at fiscal year-end | $25.33 | $35.27 | $32.82 | $29.79 | $48.52 | $25.67 | $15.48 | $21.25 | $16.55 | $20.95 |
| Per share | ||||||||||
| Revenue per share | $104.72 | $105.63 | $106.77 | $103.04 | $90.26 | $68.23 | $54.07 | $51.12 | $42.64 | $37.95 |
| Earnings per share | −$1.43 | $1.65 | $4.87 | $8.84 | $6.78 | $3.37 | $1.57 | $1.71 | $0.95 | $0.91 |
| Operating cash flow per share | $3.30 | −$1.11 | −$9.91 | $3.42 | $16.36 | $13.77 | −$0.54 | $3.06 | $0.19 | $0.92 |
| Free cash flow per share | $0.54 | −$3.74 | −$12.82 | $0.81 | $15.21 | $13.19 | −$1.29 | $2.46 | −$0.39 | $0.40 |
| Cash per share | $7.72 | $9.75 | $8.98 | $10.19 | $9.72 | $7.03 | $1.68 | $2.12 | $1.70 | $1.55 |
| Book value per share | $42.50 | $42.40 | $40.83 | $34.94 | $26.02 | $20.58 | $16.12 | $15.33 | $12.25 | $12.59 |
| Tangible book value per share | $17.00 | $15.04 | $14.10 | $23.94 | $17.23 | $16.77 | $10.52 | $12.94 | $9.97 | $11.79 |
| Dividends per share | — | — | $0.10 | $0.10 | $0.11 | $7.24 | $3.74 | $0.00 | $0.00 | $0.00 |
| Capex per share | $2.76 | $2.63 | $2.92 | $2.61 | $1.14 | $0.58 | $0.75 | $0.60 | $0.58 | $0.52 |
| Debt per share | $56.50 | $53.57 | $48.77 | $12.48 | $7.99 | $8.70 | $13.64 | $9.25 | $10.30 | $6.71 |
| Shares outstanding | 22.1M | 23.0M | 22.4M | 22.4M | 22.9M | 22.1M | 22.9M | 23.0M | 24.7M | 24.8M |
| Change in shares outstanding | −4.2% | +2.6% | +0.1% | −2.0% | +3.3% | −3.3% | −0.6% | −6.7% | −0.6% | −1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.3% | 4.0% | 12.9% | 28.7% | 29.5% | 18.1% | 10.0% | 12.0% | 7.7% | 7.6% |
| Return on invested capital (ROIC) | 4.1% | 4.8% | 11.3% | 28.9% | 30.1% | 14.4% | 7.7% | 9.0% | 5.9% | 6.3% |
| Return on assets (ROA) | −1.2% | 1.5% | 5.8% | 16.8% | 17.4% | 9.6% | 5.1% | 6.1% | 4.0% | 4.5% |
| Return on tangible assets | −1.7% | 1.9% | 6.0% | 17.9% | 19.2% | 10.8% | 5.5% | 6.7% | 4.0% | 4.3% |
| Free cash flow margin | 0.5% | −3.5% | −12.0% | 0.8% | 16.9% | 19.3% | −2.4% | 4.8% | −0.9% | 1.1% |
| Income quality (OCF / net income) | — | −0.67 | −2.03 | 0.39 | 2.41 | 4.08 | −0.35 | 1.79 | 0.20 | 1.01 |
| Financial health | ||||||||||
| Total debt | $1.25B | $1.23B | $1.09B | $279.6M | $182.6M | $192.6M | $312.1M | $212.9M | $254.2M | $166.6M |
| Cash & short-term investments | $170.4M | $224.3M | $201.5M | $228.3M | $222.2M | $155.5M | $38.5M | $48.8M | $42.0M | $38.6M |
| Net debt | $1.08B | $1.01B | $892.5M | $51.3M | −$39.6M | $37.1M | $273.6M | $164.1M | $212.2M | $128.0M |
| Debt / equity | 1.33 | 1.26 | 1.19 | 0.36 | 0.31 | 0.42 | 0.85 | 0.60 | 0.84 | 0.53 |
| Debt / assets | 0.50 | 0.47 | 0.45 | 0.21 | 0.18 | 0.25 | 0.40 | 0.33 | 0.40 | 0.30 |
| Net debt / EBITDA | 12.91 | 5.94 | 4.44 | 0.18 | −0.18 | 0.31 | 3.79 | 2.22 | 3.88 | 2.65 |
| Current ratio | 1.20 | 1.19 | 1.33 | 1.83 | 2.06 | 1.85 | 1.38 | 1.63 | 1.42 | 1.69 |
| Quick ratio | 0.32 | 0.34 | 0.37 | 0.73 | 1.14 | 0.75 | 0.22 | 0.31 | 0.22 | 0.30 |
| Interest coverage | 1.4 | 1.7 | 3.8 | 80.8 | 57.2 | 11.5 | 5.2 | 6.4 | 6.1 | 7.4 |
| Working capital | $196.0M | $204.1M | $276.1M | $341.2M | $266.4M | $230.8M | $155.7M | $179.3M | $139.1M | $159.2M |
| Invested capital | $2.01B | $1.98B | $1.81B | $834.0M | $555.3M | $492.5M | $642.4M | $517.2M | $514.4M | $440.4M |
| Tangible asset value | $386.4M | $356.5M | $318.9M | $536.2M | $393.8M | $371.1M | $240.7M | $298.1M | $246.0M | $292.6M |
| Net current asset value | −$340.8M | −$345.6M | −$379.7M | $183.9M | $104.6M | $183.4M | $153.3M | $177.8M | $136.0M | $156.9M |
| Graham number | — | $39.72 | $66.91 | $83.36 | $63.01 | $39.52 | $23.88 | $24.27 | $16.21 | $16.05 |
| Graham net-net per share | −$37.93 | −$37.43 | −$37.04 | −$3.43 | −$1.73 | $0.45 | −$4.64 | −$1.07 | −$3.11 | −$0.65 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $2.4M | $2.2M | $2.6M | $160.2M | $85.6M | $0 | $0 | $0 |
| Share buybacks (net) | $27.5M | $2.1M | $3.0M | $21.3M | $23.8M | $631,000 | $27.7M | $1.2M | $42.7M | $5.5M |
| Dividend payout ratio | — | — | 2.2% | 1.1% | 1.7% | 214.7% | 237.8% | 0.0% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 230.1% | — | — | 129.5% | 7.6% | 55.1% | — | 2.1% | — | 55.6% |
| Capex / revenue | 2.6% | 2.5% | 2.7% | 2.5% | 1.3% | 0.8% | 1.4% | 1.2% | 1.4% | 1.4% |
| Capex / operating cash flow | 83.6% | — | — | 76.3% | 7.0% | 4.2% | — | 19.6% | 302.8% | 56.5% |
| Capex / depreciation | 1.23 | 1.36 | 1.59 | 3.01 | 1.67 | 1.00 | 1.47 | 1.29 | 1.53 | 1.62 |
| Stock-based compensation / revenue | 0.8% | 0.9% | 0.9% | 0.7% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | 0.5% |
| SG&A / revenue | 27.6% | 27.8% | 26.5% | 23.4% | 21.8% | 19.3% | 21.2% | 20.0% | 20.9% | 19.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 17.0 | 14.4 | 10.4 | 7.7 | 7.2 | 9.2 | 11.3 | 9.1 | 8.5 | 8.3 |
| Days of inventory on hand | 207.7 | 192.5 | 148.3 | 83.3 | 68.8 | 127.4 | 170.6 | 161.6 | 167.7 | 151.9 |
| Days payables outstanding | 13.0 | 14.1 | 12.4 | 7.3 | 8.2 | 11.7 | 11.3 | 10.3 | 8.4 | 5.9 |
| Cash conversion cycle (days) | 211.6 | 192.8 | 146.3 | 83.7 | 67.8 | 124.9 | 170.5 | 160.4 | 167.9 | 154.3 |
| Receivables turnover | 21.51 | 25.30 | 35.20 | 47.13 | 50.61 | 39.58 | 32.39 | 40.14 | 42.74 | 43.76 |
| Payables turnover | 28.13 | 25.83 | 29.41 | 50.01 | 44.51 | 31.29 | 32.19 | 35.47 | 43.69 | 61.97 |
| Inventory turnover | 1.76 | 1.90 | 2.46 | 4.38 | 5.31 | 2.87 | 2.14 | 2.26 | 2.18 | 2.40 |
| Asset turnover | 0.91 | 0.97 | 1.27 | 1.96 | 2.31 | 1.94 | 1.74 | 1.84 | 1.77 | 1.86 |
| Average receivables | $107.3M | $96.1M | $68.0M | $49.0M | $40.8M | $38.1M | $38.2M | $29.3M | $24.6M | $21.5M |
| Average payables | $55.4M | $63.1M | $53.0M | $30.0M | $31.5M | $35.5M | $28.4M | $24.8M | $18.0M | $11.6M |
| Average inventory | $887.0M | $859.7M | $633.6M | $342.7M | $264.5M | $387.7M | $427.3M | $389.2M | $361.6M | $297.9M |
| Intangibles / total assets | 22.8% | 24.2% | 24.8% | 18.2% | 20.0% | 10.9% | 16.3% | 8.6% | 8.8% | 3.6% |
Computed from HZO's annual financial statements (latest annual report filed November 17, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HZO valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 327.3 and the forward P/E is 34.5. MarineMax earned a return on equity of −3.3% and a return on invested capital of 4.1% in fiscal 2025. It ended the year with $1.2 billion of debt and $170.4 million in cash and short-term investments, net debt of $1.1 billion. It returned $27.5 million to shareholders: $0 in dividends and $27.5 million in share buybacks, 230% of free cash flow. The share count fell 11.2% from 24.8M to 22.1M over 9 years.
See the HZO income statement, the HZO chart for price history, or the HZO stock overview for the latest quote and news.
HZO key metrics FAQ
What is MarineMax's P/E ratio?
MarineMax's trailing P/E ratio is 327.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 34.5. At the end of fiscal 2025 it was —, compared with a 10-year median of 9.8.
What is MarineMax's EV/EBITDA?
MarineMax's enterprise value was 19.6 times EBITDA at the end of fiscal 2025 (enterprise value $1.6 billion, EBITDA $83.3 million); the current EV/EBITDA is 17.8.
What is MarineMax's return on equity?
MarineMax's return on equity (ROE) was −3.3% in fiscal 2025: net income of -$31.6 million on average shareholders' equity of $956.5 million.
What is MarineMax's ROIC?
MarineMax's return on invested capital was 4.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does MarineMax have?
MarineMax had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.33 and $1.1 billion of net debt (12.91 times EBITDA).
Does MarineMax buy back its shares?
Yes. MarineMax spent $27.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.2% over the year, to 22.1M..
What is MarineMax's free cash flow yield?
MarineMax generated $11.9 million of free cash flow in fiscal 2025, a free cash flow yield of 2.1% on its market value at year-end ($558.6 million).
What is MarineMax's current ratio?
MarineMax's current ratio was 1.20 at the end of fiscal 2025: current assets were 1.20 times current liabilities.