MARINEMAX, INC.
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Jun 2010 | 29.9% | 1.1% | 0.4% |
| Dec 2010 | 25.6% | -4.2% | -5.1% |
| Mar 2011 | 23.1% | -3.2% | -3.9% |
| Jun 2011 | 25.5% | 2.5% | 2.2% |
| Sep 2011 | 25.1% | -4.0% | -4.7% |
| Dec 2011 | 27.9% | -3.3% | -4.6% |
| Mar 2012 | 23.9% | 2.4% | 1.6% |
| Jun 2012 | 26.6% | 3.7% | 3.0% |
| Sep 2012 | 24.1% | -0.5% | -1.2% |
| Dec 2012 | 26.5% | -3.2% | -4.2% |
| Mar 2013 | 23.5% | 1.0% | 0.2% |
| Jun 2013 | 26.6% | 7.8% | 7.8% |
| Sep 2013 | 26.8% | 4.1% | 3.5% |
| Dec 2013 | 27.3% | -2.2% | -3.1% |
| Mar 2014 | 25.5% | -0.7% | -1.4% |
| Jun 2014 | 25.3% | 5.9% | 5.4% |
| Sep 2014 | 26.2% | 3.7% | 3.1% |
| Dec 2014 | 23.7% | 0.9% | 0.1% |
| Mar 2015 | 24.5% | 1.0% | 0.2% |
| Jun 2015 | 24.6% | 6.9% | 6.4% |
| Sep 2015 | 25.4% | 3.3% | 17.4% |
| Dec 2015 | 24.5% | 1.6% | 0.4% |
| Mar 2016 | 24.6% | 2.8% | 1.2% |
| Jun 2016 | 22.8% | 7.1% | 4.0% |
| Sep 2016 | 24.8% | 3.3% | 2.5% |
| Dec 2016 | 23.4% | 2.7% | 1.2% |
| Mar 2017 | 24.9% | 2.6% | 1.1% |
| Jun 2017 | 25.7% | 7.7% | 4.3% |
| Sep 2017 | 26.5% | 3.1% | 1.6% |
| Dec 2017 | 25.0% | 3.8% | 1.8% |
| Mar 2018 | 25.6% | 3.9% | 2.3% |
| Jun 2018 | 25.1% | 7.4% | 4.8% |
| Sep 2018 | 25.6% | 5.5% | 3.7% |
| Dec 2018 | 26.2% | 3.7% | 2.0% |
| Mar 2019 | 24.4% | 3.4% | 1.7% |
| Jun 2019 | 25.5% | 7.5% | 5.0% |
| Sep 2019 | 28.4% | 4.1% | 2.2% |
| Dec 2019 | 26.3% | 5.1% | 3.0% |
| Mar 2020 | 25.5% | 3.1% | 1.6% |
| Jun 2020 | 24.8% | 9.8% | 7.0% |
| Sep 2020 | 29.2% | 8.2% | 6.4% |
| Dec 2020 | 30.0% | 7.8% | 5.7% |
| Mar 2021 | 30.0% | 10.1% | 7.4% |
| Jun 2021 | 30.7% | 12.1% | 8.9% |
| Dec 2021 | 35.4% | 10.0% | 7.6% |
| Mar 2022 | 33.7% | 11.8% | 8.8% |
| Jun 2022 | 34.3% | 13.8% | 10.2% |
| Dec 2022 | 36.8% | 7.2% | 3.9% |
| Mar 2023 | 35.2% | 9.7% | 5.3% |
| Jun 2023 | 33.8% | 10.3% | 6.2% |
| Dec 2023 | 33.3% | 3.6% | 0.2% |
| Mar 2024 | 32.7% | 3.7% | 0.3% |
| Jun 2024 | 32.0% | 8.1% | 4.2% |
| Dec 2024 | 36.2% | 8.3% | 3.9% |
| Mar 2025 | 30.0% | 3.6% | 0.5% |
| Jun 2025 | 30.4% | -6.3% | -7.9% |
| Dec 2025 | 31.8% | 1.0% | -1.6% |
| Mar 2026 | 34.4% | 2.1% | -0.5% |
| Jun 2026 | 35.7% | 6.1% | 2.5% |
I think that, every time you see the word EBITDA, you should substitute the words 'bullshit earnings.'