West Marine

West Marine carries more than 110,000 products, ranging from the rope that started it all, to the latest in marine electronics. We strive to be the best supplier of boating-related products and services that provide outstanding value to every Customer. We will work to improve and protect marine habitats, reduce our impact on the environment, and promote boating.

Type
Public
HQ
Watsonville, US
Founded
1968
Size (employees)
1,850 (est)-3%
West Marine was founded in 1968 and is headquartered in Watsonville, US

West Marine Office Locations

West Marine has an office in Watsonville
Watsonville, US (HQ)
500 Westridge Dr

West Marine Data and Metrics

West Marine Financial Metrics

West Marine's revenue was reported to be $129.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

129.1 m

Gross profit (Q1, 2017)

32.9 m

Gross profit margin (Q1, 2017), %

26%

Net income (Q1, 2017)

(7.3 m)

EBIT (Q1, 2017)

(12 m)

Market capitalization (25-Jul-2017)

321.6 m

Cash (01-Apr-2017)

47 m
West Marine's current market capitalization is $321.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

663.2 m675.8 m704.8 m703.4 m

Revenue growth, %

2%4%(0%)

Cost of goods sold

502.8 m497.7 m

Gross profit

202 m205.7 m

Gross profit Margin, %

29%29%

EBIT

7.7 m12 m

EBIT margin, %

1%2%

Pre tax profit

7.3 m11.6 m

Net Income

7.8 m1.9 m4.5 m6.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

236.5 m196.5 m127.1 m253.2 m194.4 m130.4 m251.6 m191.9 m129.1 m

Cost of goods sold

154.2 m138.1 m100.1 m162.4 m138.1 m97.5 m162.4 m136.5 m96.1 m

Gross profit

82.3 m58.4 m27 m90.8 m56.3 m32.9 m89.2 m55.4 m32.9 m

Gross profit Margin, %

35%30%21%36%29%25%35%29%26%

EBIT

32.6 m9.9 m(18 m)37.3 m8.7 m(15.1 m)36.5 m7.5 m(12 m)

EBIT margin, %

14%5%(14%)15%4%(12%)15%4%(9%)

Pre tax profit

32.4 m9.8 m(18.1 m)37.1 m8.6 m(15.2 m)36.4 m7.4 m(12.1 m)

Net Income

18.3 m4.9 m(10.3 m)20.9 m4.9 m(9.1 m)21.6 m3.9 m(7.3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

48.4 m45.7 m48.2 m76.1 m

Current Assets

282.3 m298.2 m301.7 m315.2 m

PP&E

72.8 m79.4 m81.6 m82.5 m

Total Assets

364.2 m385.5 m391.8 m406.1 m

Accounts Payable

22 m33.2 m26.3 m33 m

Current Liabilities

59.3 m74.2 m75 m78.1 m

Total Liabilities

97.4 m

Additional Paid-in Capital

202.6 m207.9 m211.7 m214.8 m

Retained Earnings

90.9 m92.9 m97.4 m103.9 m

Total Equity

288.6 m291 m299.5 m308.7 m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

38.9 m63.6 m6.6 m44.2 m60.5 m22.4 m89.6 m93.9 m47 m

Accounts Receivable

11 m8.5 m9.6 m10.7 m8.6 m9.1 m10.6 m8.9 m9.1 m

Current Assets

319.9 m309.3 m311.4 m340.6 m329.8 m327.2 m373.5 m351 m340.3 m

PP&E

79.6 m80 m81.9 m81.4 m79 m82 m80.5 m80 m79.6 m

Total Assets

407.9 m396.9 m401.2 m429.3 m415.7 m417.5 m462.5 m439.7 m428.1 m

Accounts Payable

50.2 m34.5 m53.5 m53.2 m38.2 m66.9 m77.2 m55.3 m63.2 m

Current Liabilities

97.2 m80.8 m98.7 m104.8 m85.5 m109.1 m131.3 m104.1 m107 m

Additional Paid-in Capital

206.1 m206.7 m209.5 m210.1 m210.7 m212.2 m213.1 m213.8 m215.6 m

Retained Earnings

98.2 m103.1 m82.6 m103.5 m108.4 m88.3 m109.8 m113.7 m95.3 m

Total Equity

294.7 m300.2 m282.5 m303.9 m309.4 m290.5 m313 m317.5 m300.7 m

Financial Leverage

1.4 x1.3 x1.4 x1.4 x1.3 x1.4 x1.5 x1.4 x1.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.8 m1.9 m4.5 m6.5 m

Depreciation and Amortization

15 m18.2 m20.7 m22.2 m

Accounts Payable

1.1 m10.8 m(7.9 m)5.9 m

Cash From Operating Activities

13.6 m24 m23.3 m49.3 m

Purchases of PP&E

(28.6 m)(24.6 m)(22.6 m)(22.7 m)

Cash From Investing Activities

(24.2 m)(24.5 m)(22.5 m)(21.8 m)

Cash From Financing Activities

2.4 m(2.2 m)1.6 m434 k

Interest Paid

293 k328 k287 k275 k

Income Taxes Paid

5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

18.3 m4.9 m(10.3 m)20.9 m4.9 m(9.1 m)21.6 m3.9 m(7.3 m)

Accounts Receivable

11 m8.5 m9.6 m10.7 m8.6 m9.1 m10.6 m8.9 m9.1 m

Accounts Payable

50.2 m34.5 m53.5 m53.2 m38.2 m66.9 m77.2 m55.3 m63.2 m
Y, 2017

Financial Leverage

1.4 x

West Marine Market Value History

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