Logo image of HZO

MARINEMAX INC (HZO) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:HZO - US5679081084 - Common Stock

27.58 USD
-0.19 (-0.68%)
Last: 1/12/2026, 8:04:00 PM
27.58 USD
0 (0%)
After Hours: 1/12/2026, 8:04:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to HZO. HZO was compared to 122 industry peers in the Specialty Retail industry. HZO has a bad profitability rating. Also its financial health evaluation is rather negative. HZO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year HZO was profitable.
In the past year HZO had a positive cash flow from operations.
HZO had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: HZO reported negative operating cash flow in multiple years.
HZO Yearly Net Income VS EBIT VS OCF VS FCFHZO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

The Return On Assets of HZO (-1.28%) is comparable to the rest of the industry.
With a Return On Equity value of -3.38%, HZO perfoms like the industry average, outperforming 49.18% of the companies in the same industry.
With a Return On Invested Capital value of 3.34%, HZO perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
HZO had an Average Return On Invested Capital over the past 3 years of 4.73%. This is significantly below the industry average of 12.24%.
Industry RankSector Rank
ROA -1.28%
ROE -3.38%
ROIC 3.34%
ROA(3y)1.56%
ROA(5y)6.94%
ROE(3y)4.15%
ROE(5y)12.76%
ROIC(3y)4.73%
ROIC(5y)10.19%
HZO Yearly ROA, ROE, ROICHZO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20 25

1.3 Margins

The Operating Margin of HZO (4.46%) is better than 63.11% of its industry peers.
In the last couple of years the Operating Margin of HZO has declined.
HZO has a worse Gross Margin (32.49%) than 61.48% of its industry peers.
In the last couple of years the Gross Margin of HZO has grown nicely.
Industry RankSector Rank
OM 4.46%
PM (TTM) N/A
GM 32.49%
OM growth 3Y-27.03%
OM growth 5Y-9.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.37%
GM growth 5Y4.23%
HZO Yearly Profit, Operating, Gross MarginsHZO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HZO is destroying value.
HZO has less shares outstanding than it did 1 year ago.
HZO has about the same amout of shares outstanding than it did 5 years ago.
HZO has a worse debt/assets ratio than last year.
HZO Yearly Shares OutstandingHZO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
HZO Yearly Total Debt VS Total AssetsHZO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

HZO has an Altman-Z score of 1.83. This is not the best score and indicates that HZO is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of HZO (1.83) is comparable to the rest of the industry.
The Debt to FCF ratio of HZO is 92.74, which is on the high side as it means it would take HZO, 92.74 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 92.74, HZO is in line with its industry, outperforming 40.16% of the companies in the same industry.
A Debt/Equity ratio of 1.14 is on the high side and indicates that HZO has dependencies on debt financing.
The Debt to Equity ratio of HZO (1.14) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 92.74
Altman-Z 1.83
ROIC/WACC0.38
WACC8.81%
HZO Yearly LT Debt VS Equity VS FCFHZO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M

2.3 Liquidity

HZO has a Current Ratio of 1.20. This is a normal value and indicates that HZO is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.20, HZO perfoms like the industry average, outperforming 40.16% of the companies in the same industry.
HZO has a Quick Ratio of 1.20. This is a bad value and indicates that HZO is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.32, HZO is not doing good in the industry: 68.85% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.32
HZO Yearly Current Assets VS Current LiabilitesHZO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

4

3. Growth

3.1 Past

HZO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.91%.
The earnings per share for HZO have been decreasing by -24.26% on average. This is quite bad
The Revenue has decreased by -5.01% in the past year.
The Revenue has been growing by 8.87% on average over the past years. This is quite good.
EPS 1Y (TTM)-59.91%
EPS 3Y-54.22%
EPS 5Y-24.26%
EPS Q2Q%-116.67%
Revenue 1Y (TTM)-5.01%
Revenue growth 3Y0.02%
Revenue growth 5Y8.87%
Sales Q2Q%-1.95%

3.2 Future

Based on estimates for the next years, HZO will show a very strong growth in Earnings Per Share. The EPS will grow by 50.07% on average per year.
The Revenue is expected to grow by 3.37% on average over the next years.
EPS Next Y5.9%
EPS Next 2Y39.26%
EPS Next 3Y50.07%
EPS Next 5YN/A
Revenue Next Year1.95%
Revenue Next 2Y2.98%
Revenue Next 3Y3.37%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HZO Yearly Revenue VS EstimatesHZO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
HZO Yearly EPS VS EstimatesHZO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 32.45, which means the current valuation is very expensive for HZO.
60.66% of the companies in the same industry are more expensive than HZO, based on the Price/Earnings ratio.
HZO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.25.
HZO is valuated quite expensively with a Price/Forward Earnings ratio of 30.64.
The rest of the industry has a similar Price/Forward Earnings ratio as HZO.
When comparing the Price/Forward Earnings ratio of HZO to the average of the S&P500 Index (23.98), we can say HZO is valued slightly more expensively.
Industry RankSector Rank
PE 32.45
Fwd PE 30.64
HZO Price Earnings VS Forward Price EarningsHZO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

88.52% of the companies in the same industry are more expensive than HZO, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as HZO.
Industry RankSector Rank
P/FCF 50.51
EV/EBITDA 5.44
HZO Per share dataHZO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
HZO's earnings are expected to grow with 50.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.5
PEG (5Y)N/A
EPS Next 2Y39.26%
EPS Next 3Y50.07%

0

5. Dividend

5.1 Amount

HZO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

MARINEMAX INC

NYSE:HZO (1/12/2026, 8:04:00 PM)

After market: 27.58 0 (0%)

27.58

-0.19 (-0.68%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)11-13 2025-11-13/bmo
Earnings (Next)01-22 2026-01-22
Inst Owners97.97%
Inst Owner Change0.05%
Ins Owners2.85%
Ins Owner Change9.65%
Market Cap603.17M
Revenue(TTM)2.31B
Net Income(TTM)-31.63M
Analysts81.54
Price Target31.47 (14.1%)
Short Float %22.26%
Short Ratio13.22
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.75%
Min EPS beat(2)-59.12%
Max EPS beat(2)68.62%
EPS beat(4)3
Avg EPS beat(4)70.61%
Min EPS beat(4)-59.12%
Max EPS beat(4)189.48%
EPS beat(8)4
Avg EPS beat(8)16.56%
EPS beat(12)5
Avg EPS beat(12)7.14%
EPS beat(16)9
Avg EPS beat(16)12.31%
Revenue beat(2)1
Avg Revenue beat(2)-4.93%
Min Revenue beat(2)-12.47%
Max Revenue beat(2)2.61%
Revenue beat(4)2
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-12.47%
Max Revenue beat(4)8.06%
Revenue beat(8)4
Avg Revenue beat(8)-1.17%
Revenue beat(12)6
Avg Revenue beat(12)0.01%
Revenue beat(16)9
Avg Revenue beat(16)0.51%
PT rev (1m)0%
PT rev (3m)-9.69%
EPS NQ rev (1m)-61.23%
EPS NQ rev (3m)-134.17%
EPS NY rev (1m)-4.61%
EPS NY rev (3m)-51.94%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-2.98%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-1.79%
Valuation
Industry RankSector Rank
PE 32.45
Fwd PE 30.64
P/S 0.26
P/FCF 50.51
P/OCF 8.28
P/B 0.64
P/tB 1.61
EV/EBITDA 5.44
EPS(TTM)0.85
EY3.08%
EPS(NY)0.9
Fwd EY3.26%
FCF(TTM)0.55
FCFY1.98%
OCF(TTM)3.33
OCFY12.07%
SpS105.59
BVpS42.85
TBVpS17.14
PEG (NY)5.5
PEG (5Y)N/A
Graham Number28.63
Profitability
Industry RankSector Rank
ROA -1.28%
ROE -3.38%
ROCE 6.94%
ROIC 3.34%
ROICexc 3.62%
ROICexgc 5%
OM 4.46%
PM (TTM) N/A
GM 32.49%
FCFM 0.52%
ROA(3y)1.56%
ROA(5y)6.94%
ROE(3y)4.15%
ROE(5y)12.76%
ROIC(3y)4.73%
ROIC(5y)10.19%
ROICexc(3y)5.21%
ROICexc(5y)12.96%
ROICexgc(3y)7.5%
ROICexgc(5y)19.19%
ROCE(3y)9.35%
ROCE(5y)16.79%
ROICexgc growth 3Y-45.93%
ROICexgc growth 5Y-23.4%
ROICexc growth 3Y-45.55%
ROICexc growth 5Y-25.45%
OM growth 3Y-27.03%
OM growth 5Y-9.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.37%
GM growth 5Y4.23%
F-Score5
Asset Turnover0.93
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 92.74
Debt/EBITDA 7.03
Cap/Depr 123.41%
Cap/Sales 2.64%
Interest Coverage 1.33
Cash Conversion 47.78%
Profit Quality N/A
Current Ratio 1.2
Quick Ratio 0.32
Altman-Z 1.83
F-Score5
WACC8.81%
ROIC/WACC0.38
Cap/Depr(3y)139.54%
Cap/Depr(5y)177.5%
Cap/Sales(3y)2.62%
Cap/Sales(5y)2.33%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-59.91%
EPS 3Y-54.22%
EPS 5Y-24.26%
EPS Q2Q%-116.67%
EPS Next Y5.9%
EPS Next 2Y39.26%
EPS Next 3Y50.07%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.01%
Revenue growth 3Y0.02%
Revenue growth 5Y8.87%
Sales Q2Q%-1.95%
Revenue Next Year1.95%
Revenue Next 2Y2.98%
Revenue Next 3Y3.37%
Revenue Next 5YN/A
EBIT growth 1Y-19.62%
EBIT growth 3Y-27.02%
EBIT growth 5Y-1%
EBIT Next Year25.8%
EBIT Next 3Y19.63%
EBIT Next 5YN/A
FCF growth 1Y113.87%
FCF growth 3Y-12.94%
FCF growth 5Y-47.23%
OCF growth 1Y383.73%
OCF growth 3Y-1.68%
OCF growth 5Y-24.9%

MARINEMAX INC / HZO FAQ

Can you provide the ChartMill fundamental rating for MARINEMAX INC?

ChartMill assigns a fundamental rating of 3 / 10 to HZO.


What is the valuation status of MARINEMAX INC (HZO) stock?

ChartMill assigns a valuation rating of 3 / 10 to MARINEMAX INC (HZO). This can be considered as Overvalued.


Can you provide the profitability details for MARINEMAX INC?

MARINEMAX INC (HZO) has a profitability rating of 3 / 10.


Can you provide the financial health for HZO stock?

The financial health rating of MARINEMAX INC (HZO) is 3 / 10.