MARINEMAX, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
I think that, every time you see the word EBITDA, you should substitute the words 'bullshit earnings.'