MARINEMAX, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $2.43B | $2.39B | $2.31B | $2.06B | $1.51B | $1.24B | $1.18B |
| Cost of Revenue | $1.56B | $1.63B | $1.56B | $1.50B | $1.40B | $1.11B | $914.3M | $879.1M |
| Gross Profit | $750.2M | $801.2M | $835.3M | $805.8M | $659.4M | $398.7M | $322.8M | $298.2M |
| Gross Margin | 32.5% | 33.0% | 34.9% | 34.9% | 32.0% | 26.4% | 26.1% | 25.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $647.2M | $673.0M | $634.5M | $540.6M | $450.0M | $292.0M | $262.3M | $235.1M |
| Operating Income | $34.0M | $128.2M | $200.8M | $265.2M | $209.5M | $106.7M | $60.5M | $63.2M |
| Operating Margin | 1.5% | 5.3% | 8.4% | 11.5% | 10.2% | 7.1% | 4.9% | 5.4% |
| Interest Expense | $71.2M | $73.9M | $53.4M | $3.3M | $3.7M | $9.3M | $11.6M | $9.9M |
| Pretax Income | $-37.1M | $54.3M | $147.4M | $261.9M | $205.8M | $97.4M | $49.0M | $53.3M |
| Income Tax Expense | $-6.4M | $15.6M | $38.0M | $63.9M | $50.8M | $22.8M | $13.0M | $14.0M |
| Net Income | $-31.6M | $38.1M | $109.3M | $198.0M | $155.0M | $74.6M | $36.0M | $39.3M |
| Net Margin | -1.4% | 1.6% | 4.6% | 8.6% | 7.5% | 4.9% | 2.9% | 3.3% |
| EPS (Basic) | $-1.43 | $1.71 | $5.00 | $9.12 | $7.04 | $3.46 | $1.61 | $1.77 |
| EPS (Diluted) | $-1.43 | $1.65 | $4.87 | $8.84 | $6.78 | $3.37 | $1.57 | $1.71 |
| Shares Outstanding (Basic) | 22.1M | 22.3M | 21.9M | 21.7M | 22.0M | 21.5M | 22.3M | 22.3M |
| Shares Outstanding (Diluted) | 22.1M | 23.0M | 22.4M | 22.4M | 22.9M | 22.1M | 22.9M | 23.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.