Marinemax (HZO) AI Stock Analysis

• Market Cap: $535.80M
• Dividend Yield: N/A
• Average Volume (3M): 335.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.85
• Revenue Growth: -5.01%
• EPS Growth: -188.86%
• Country: US
• Employees: 4,050
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.04
• Shares Outstanding: 21,869,518
• 10 Day Avg. Volume: 289,455
• 30 Day Avg. Volume: 335,883
• PEG Ratio: 0.10
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 46.77
• Enterprise Value/Market Cap: 3.04
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 2.17
• Enterprise Value/Ebitda: 12.30
• 1Y Price Target: $29.50
• Price Target Upside: 20.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $26.00 ▲(6.12% Upside)

MarineMax's overall stock score reflects significant financial challenges, with declining revenue and profitability being the most impactful factors. Technical analysis shows some short-term bullish momentum, but valuation remains a concern due to negative earnings. Recent corporate events and strategic initiatives provide some optimism for future growth, but macroeconomic pressures and liquidity concerns weigh heavily on the overall outlook.

Positive Factors

Diversified Business Model

MarineMax's focus on diversified revenue streams like finance, insurance, and marina operations supports margin stability and resilience.

Strategic Leadership Changes

Leadership changes aim to enhance growth in the yacht market, strengthening MarineMax's market presence and client relationships.

Technology and Digital Initiatives

Strong growth in the Boatyard platform highlights MarineMax's technology leadership, supporting long-term expansion and customer engagement.

Negative Factors

Declining Revenue

Revenue decline indicates challenges in maintaining sales growth, necessitating strategic adjustments to stabilize financial performance.

High Leverage

High leverage can strain financial flexibility, posing risks to cash flow and limiting the company's ability to invest in growth opportunities.

Low Boat Margins

Persistently low boat margins due to inventory levels and retail challenges can impact profitability and require strategic pricing adjustments.

Marinemax Business Overview & Revenue Model

Company Description

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 recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services, as well as charters yachts and power catamarans. Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts. Additionally, the company operates vacations in Tortola, British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. The company has 79 retail locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin. MarineMax, Inc. was incorporated in 1998 and is based in Clearwater, Florida.

How the Company Makes Money

MarineMax generates revenue primarily through the sale of boats, including popular brands such as Sea Ray, Boston Whaler, and Scout. The company earns significant income from the sale of marine accessories and related products, as well as from financing and insurance services for boat purchases. Additionally, MarineMax has a robust service department that provides maintenance and repair services, contributing to its recurring revenue streams. The company also benefits from partnerships with various manufacturers and finance companies, which enhance its product offerings and customer financing options.

Marinemax Financial Statement Overview

Summary

MarineMax is facing financial headwinds with declining revenue and profitability, high leverage, and cash flow challenges. The company needs to focus on improving operational efficiency, managing debt levels, and enhancing cash flow generation to stabilize its financial position and support future growth.

Income Statement

Marinemax's income statement shows a concerning trend with declining revenue and profitability. The revenue growth rate has turned negative, and the net profit margin has decreased significantly, resulting in a net loss for the latest period. The gross profit margin remains relatively stable, but the EBIT and EBITDA margins have also declined, indicating operational challenges. These factors suggest a need for strategic adjustments to improve financial performance.

Balance Sheet

The balance sheet reflects a moderate level of financial stability. The debt-to-equity ratio has improved slightly, indicating better leverage management, but remains relatively high. Return on equity has turned negative, reflecting the recent net loss. The equity ratio shows a reasonable level of equity financing, but overall, the balance sheet suggests a need for cautious financial management to mitigate risks associated with high leverage.

Cash Flow

Cash flow analysis reveals significant challenges, with a substantial decline in free cash flow growth and operating cash flow coverage. The operating cash flow to net income ratio is low, indicating inefficiencies in converting income to cash. While the free cash flow to net income ratio is positive, the overall cash flow situation suggests liquidity concerns that need to be addressed to ensure sustainable operations.

Breakdown	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	2.32B	―	2.31B	2.43B	2.39B	2.31B
Gross Profit	751.98M	―	750.23M	801.20M	835.33M	805.75M
EBITDA	132.57M	―	83.34M	169.68M	244.21M	290.42M
Net Income	-26.78M	―	-31.63M	38.07M	109.28M	197.99M
Balance Sheet
Total Assets	2.49B	―	2.47B	2.61B	2.42B	1.35B
Cash, Cash Equivalents and Short-Term Investments	151.02M	―	170.35M	224.33M	201.46M	228.27M
Total Debt	1.27B	―	1.25B	1.23B	1.09B	279.56M
Total Liabilities	1.54B	―	1.52B	1.62B	1.50B	570.11M
Stockholders Equity	940.53M	―	937.19M	975.79M	915.84M	782.67M
Cash Flow
Free Cash Flow	-53.58M	―	11.94M	-86.08M	-287.64M	18.14M
Operating Cash Flow	10.57M	―	72.81M	-25.66M	-222.24M	76.59M
Investing Cash Flow	-58.59M	―	-55.62M	-81.35M	-576.37M	-140.45M
Financing Cash Flow	-44.72M	―	-71.98M	128.51M	770.40M	73.06M

Marinemax Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HZO, the sentiment is Negative. The current price of 24.5 is below the 20-day moving average (MA) of 24.53, below the 50-day MA of 24.52, and above the 200-day MA of 24.04, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 50.18 is Neutral, neither overbought nor oversold. The STOCH value of 17.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HZO.

Marinemax Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BBW	76 Outperform	$746.97M	13.26	41.18%	1.52%	6.16%	15.74%
BWMX	73 Outperform	$515.71M	9.85	79.76%	8.47%	-7.03%	1.04%
LQDT	72 Outperform	$948.91M	35.71	14.56%	―	31.20%	38.38%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ODP	60 Neutral	―	―	0.60%	―	-8.92%	―
HZO	51 Neutral	$535.80M	-15.81	-3.31%	―	-5.01%	-188.86%
BNED	50 Neutral	$324.87M	-1.61	―	―	1.38%	63.65%

Marinemax Corporate Events

MarineMax Announces Leadership Transition for Global Yacht Sales

On October 9, 2025, MarineMax announced the transition of Charles A. Cashman from Chief Revenue Officer to Senior Vice President of Global Yacht Sales. This strategic leadership change aims to accelerate growth in the yacht and superyacht market, with Mr. Cashman focusing on sales strategy and execution. His extensive experience and leadership are expected to enhance MarineMax’s market presence and strengthen client relationships worldwide.

MarineMax Appoints Daniel Schiappa to Board

On September 25, 2025, MarineMax announced that Michael H. McLamb resigned from the Board of Directors but will continue as the company’s Chief Financial Officer. On the same day, Daniel Schiappa was appointed to the Board and the Audit Committee, bringing extensive experience in technology and cybersecurity to support MarineMax’s strategic digital initiatives. This change is part of the company’s ongoing board refreshment process, aimed at aligning the board’s expertise with its long-term strategic priorities. The appointment of Mr. Schiappa underscores MarineMax’s commitment to digital transformation in the recreational marine industry, with a focus on technology investments and expanding digital capabilities.