MarineMax(NYSE) HZO

MarineMax, Inc. 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.