MarineMax(NYSE) HZO

MarineMax, Inc. NYSE:HZO helps people buy and maintain recreational boats. It also sells luxury yachts and provides boat storage. The company manufactures its own line of sport boats.

What MarineMax Offers

• Retail Operations: Sales of new and used recreational boats through over 70 retail stores.
• Client Services: Boat financing, insurance, maintenance, and storage solutions for boat owners.
• Product Manufacturing: Custom sport yachts and dayboats built by the Cruisers Yachts and Intrepid Powerboats subsidiaries.
• Superyacht Services: Global brokerage and management through brands like Fraser Yachts and Northrop & Johnson.
• Marinas: Luxury boat slips and storage provided through a network of international marinas.

Growing the Fleet

• Assumed the rights to the Aviara luxury dayboat brand in October 2024.
• Acquired service and parts departments at a Florida location in January 2025.
• Purchased Shelter Bay Marina in Marathon, Florida, in March 2025.
• Completed three total acquisitions during the fiscal year ended September 30, 2025.

Standing Out at Sea

The company operates over 70 retail locations across 21 states and maintains a global network of luxury marinas. It uses a digital platform and geographic diversity to help manage risks from seasonal weather patterns.

The Latest Financial Figures

• Revenue was $611.3 million for the three months ended June 30, 2026, down 7.0% year over year.
• Gross profit was $218.1 million for the three months ended June 30, 2026, up 9.3% year over year.
• Florida locations generated 54% of dealership revenue during fiscal 2025.
• Price-to-earnings ratio was 13.1 in the quarter ended June 30, 2026, up 603.6% year over year.
• Cash from operations reached $157.6 million for the nine-month period ended June 30, 2026.

Bottom Line

MarineMax has expanded from a dealership group into a global marine services and manufacturing firm. This shift into high-margin services and yacht production helps the company manage industry cycles.