MARINEMAX, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 24.0% | 4.3% | 2.4% |
| FY2017 | 25.2% | 4.3% | 2.2% |
| FY2018 | 25.3% | 5.4% | 3.3% |
| FY2019 | 26.1% | 4.9% | 2.9% |
| FY2020 | 26.4% | 7.1% | 4.9% |
| FY2021 | 32.0% | 10.2% | 7.5% |
| FY2022 | 34.9% | 11.5% | 8.6% |
| FY2023 | 34.9% | 8.4% | 4.6% |
| FY2024 | 33.0% | 5.3% | 1.6% |
| FY2025 | 32.5% | 1.5% | -1.4% |
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.