OverviewSuggest Edit

MarineMax is a company that specializes in boat and yacht retail and superyacht services. It sells new and used recreational boats and marine products such as engines, trailers, parts, and accessories. The company also arranges related boat financing, insurance, and extended service contracts; provides boat repair and maintenance services; offers yacht and boat brokerage sales and slip and storage accommodations.
TypePublic
Founded1998
HQClearwater, FL, US
Websitemarinemax.com
Employee Ratings4.1
Overall CultureC

Latest Updates

Employees (est.) (Sept 2021)2,666(+54%)
Job Openings227
Revenue (FY, 2021)$2.1 B(+37%)
Share Price (Jan 2022)$59.1
Cybersecurity ratingBMore
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Key People/Management at MarineMax

William Brett McGill

William Brett McGill

Chief Executive Officer and President
Dave Bigge

Dave Bigge

President
Michael H. McLamb

Michael H. McLamb

Executive Vice President, Chief Financial Officer and Secretary
Charles A. Cashman

Charles A. Cashman

Executive Vice President, Chief Revenue Officer
Larry Russo

Larry Russo

Senior Vice President
Raul Bermudez

Raul Bermudez

Vice President Charter Division
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MarineMax Office Locations

MarineMax has an office in Clearwater
Clearwater, FL, US (HQ)
2600 McCormick Dr #200
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MarineMax Financials and Metrics

MarineMax Revenue

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MarineMax's revenue was reported to be $2.06 b in FY, 2021 which is a 36.7% increase from the previous period.
USD

Revenue (FY, 2021)

2.1b

Revenue growth (FY, 2020 - FY, 2021), %

36.7%

Gross profit (FY, 2021)

659.4m

Gross profit margin (FY, 2021), %

32%

Net income (FY, 2021)

155.0m

EBIT (FY, 2021)

209.5m

Market capitalization (4-Jan-2022)

1.3b

Closing stock price (4-Jan-2022)

59.1

Cash (30-Sept-2021)

222.2m

EV

1.3b
MarineMax's current market capitalization is $1.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.2b1.5b2.1b

Revenue growth, %

5%22%37%

Cost of goods sold

914.3m1.1b1.4b

Gross profit

322.8m398.7m659.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

241.9m303.6m383.5m304.2m308.5m498.3m411.5m523.1m666.3m

Cost of goods sold

178.5m229.4m285.8m224.2m229.7m374.9m288.1m366.3m461.7m

Gross profit

63.5m74.2m97.7m80.0m78.8m123.5m123.4m156.8m204.7m

Gross profit Margin, %

26%24%25%26%26%25%30%30%31%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

38.5m155.5m222.2m

Accounts Receivable

42.4m40.2m47.7m

Inventories

477.5m298.0m231.0m

Current Assets

568.6m503.3m517.5m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

36.0m74.6m155.0m

Depreciation and Amortization

11.6m12.8m15.6m

Inventories

(84.3m)179.5m139.8m

Accounts Payable

8.7m2.9m(16.1m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

4.9m10.2m29.3m9.1m14.1m49.1m23.6m62.5m122.2m

Depreciation and Amortization

2.8m5.6m8.5m3.0m6.2m9.5m3.8m7.5m11.6m

Inventories

(68.9m)(78.0m)(41.6m)(16.5m)(29.4m)163.4m(38.6m)37.3m157.0m

Accounts Payable

(11.3m)(11.5m)7.9m(15.6m)(18.4m)5.7m(16.5m)(15.6m)(13.3m)
USDQ1, 2019

EV/EBIT

72.4 x

EV/CFO

-10 x

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

1.9 x

P/E Ratio

87.2
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MarineMax Operating Metrics

FY, 2019FY, 2020FY, 2021

Facilities Leased

355550

Facilities Owned

282834

Product Lines

776

Trademarks

232329
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MarineMax Acquisitions / Subsidiaries

Company NameDateDeal Size
IntrepidNovember 03, 2021
Texas MasterCraftNovember 01, 2021
Nisswa MarineJuly 01, 2021
Cruisers YachtsMay 02, 2021
SkipperBud’s & Silver Seas YachtsOctober 01, 2020
Private Insurance ServicesJuly 08, 2020
NORTHROP & JOHNSONJuly 01, 2020
Boatyard, Inc.February 28, 2020
Fraser Yachts GroupJuly 02, 2019
Sail & Ski CenterApril 17, 2019
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MarineMax Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

MarineMax Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

MarineMax Online and Social Media Presence

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MarineMax Company Culture

  • Overall Culture

    C

    65/100

  • CEO Rating

    F

    40/100

  • Compensation

    D+

    58/100

Learn more on Comparably

MarineMax News and Updates

Billion Dollar Portfolio: Johnson Outdoors, MarineMax And 8 Other Stock Buys

Here are ten stocks with a market value of around $1 billion.

MarineMax warns of sales miss as COVID-19 effects started weighing in March

MarineMax Inc. warned Thursday of a fiscal second-quarter revenue shortfall, as the recreational boat and yacht retailer said it began to feel the effects of the COVID-19 pandemic shortly after early-March. The company said it was working with manufacturers to adjust futures orders, and implementin…

MasterCraft Boat Holdings, Inc. Partners with MarineMax, Inc. to Distribute Aviara

VONORE, Tenn., Feb. 08, 2019 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced an exclusive national distribution partnership with MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and yacht retailer, to help maximize the success of its new brand, Aviara…
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MarineMax Frequently Asked Questions

  • When was MarineMax founded?

    MarineMax was founded in 1998.

  • Who are MarineMax key executives?

    MarineMax's key executives are William Brett McGill, Dave Bigge and Michael H. McLamb.

  • How many employees does MarineMax have?

    MarineMax has 2,666 employees.

  • What is MarineMax revenue?

    Latest MarineMax annual revenue is $2.1 b.

  • What is MarineMax revenue per employee?

    Latest MarineMax revenue per employee is $773.9 k.

  • Who are MarineMax competitors?

    Competitors of MarineMax include West Marine, MasterCraft and OneWater Marine.

  • Where is MarineMax headquarters?

    MarineMax headquarters is located at 2600 McCormick Dr #200, Clearwater.

  • Where are MarineMax offices?

    MarineMax has an office in Clearwater.

  • How many offices does MarineMax have?

    MarineMax has 1 office.