West Marine operates as a specialty retailer of boating supplies, gear, apparel, footwear and other water life-related products. The Company offers core boating products that comprise maintenance, electronics, sailboat hardware, anchors, docking, moorings, engine systems, safety, electrical, plumbing, boats/outboards, ventilation, deck hardware/fasteners, navigation, trailering, seating, boat covers,  and barbecues and appliances.

Employee Rating

3.6More
TypeSubsidiary
HQWatsonville, US
Founded1968
Websitewestmarine.com
Cybersecurity ratingCMore
West Marine was founded in 1968 and is headquartered in Watsonville, US

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West Marine Office Locations

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

Summary Metrics

Founding Date

1968

West Marine Revenue

West Marine's revenue was reported to be $703.37 m in FY, 2016 which is a 0.2% decrease from the previous period.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

643.4m675.3m663.2m675.8m704.8m703.4m

Revenue growth, %

2%4%0%

Cost of goods sold

458.4m477.1m502.8m497.7m

Gross profit

185.0m198.1m202.0m205.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Revenue

236.0m180.3m121.5m243.6m191.9m114.2m236.8m193.4m113.3m236.5m196.5m194.4m127.1m253.2m191.9m130.4m251.6m129.1m247.2m

Cost of goods sold

151.1m125.6m92.0m157.7m131.6m89.3m154.2m138.5m88.4m154.2m138.1m138.1m100.1m162.4m136.5m97.5m162.4m96.1m157.0m

Gross profit

84.8m54.7m29.5m85.9m60.3m24.9m82.6m54.9m24.9m82.3m58.4m56.3m27.0m90.8m55.4m32.9m89.2m32.9m90.3m

Gross profit Margin, %

36%30%24%35%31%22%35%28%22%35%30%29%21%36%29%25%35%26%37%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

44.0m56.5m48.4m45.7m48.2m76.1m

Accounts Receivable

5.8m6.7m6.4m

Prepaid Expenses

13.8m16.4m

Inventories

193.4m194.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Cash

12.0m44.1m2.2m37.1m68.3m22.5m45.8m69.9m10.4m38.9m63.6m60.5m6.6m44.2m93.9m22.4m89.6m47.0m113.3m

Accounts Receivable

8.4m6.5m7.8m9.2m7.5m8.1m10.0m7.9m9.3m11.0m8.5m8.6m9.6m10.7m8.9m9.1m10.6m9.1m10.3m

Prepaid Expenses

21.1m15.0m24.7m21.2m14.8m24.9m21.9m

Inventories

242.0m211.5m240.9m248.9m213.1m243.9m243.1m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

29.7m15.5m7.8m1.9m4.5m6.5m

Depreciation and Amortization

14.3m15.3m15.0m18.2m20.7m22.2m

Inventories

7.1m(1.9m)8.5m

Accounts Payable

(4.6m)(4.8m)1.1m10.8m(7.9m)5.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Net Income

32.4m43.6m(6.2m)16.4m26.6m(9.0m)13.3m6.3m(11.0m)18.3m4.9m4.9m(10.3m)20.9m3.9m(9.1m)21.6m(7.3m)14.0m

Depreciation and Amortization

7.0m10.9m3.8m7.7m11.5m3.7m7.4m11.6m

Inventories

(42.2m)(11.8m)(48.3m)(56.5m)(21.2m)(50.5m)(49.6m)(32.4m)

Accounts Payable

15.1m(1.5m)21.3m26.8m3.1m24.9m23.7m50.2m34.5m38.2m53.5m53.2m55.3m66.9m77.2m63.2m41.1m
USDQ2, 2012

Financial Leverage

1.4 x
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West Marine Operating Metrics

FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Retail Space, sq. ft.

2.71 m2.56 m

Stores

279 274 273 265 254 261 258 256 253 250
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West Marine Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

West Marine Revenue Breakdown

Embed Graph

West Marine revenue breakdown by business segment: 76.5% from Core boating products and 23.5% from Merchandise expansion products

West Marine Online and Social Media Presence

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West Marine News and Updates

Monomoy completes West Marine acquisition for about $337 mln

Monomoy Capital Partners has closed its previously announced acquisition of West Marine, a retailer of boating supplies and accessories, for $12.97 per share or about $337 million. Jefferies LLC advised Monomoy on the deal while Bank of America and Pathlight Capital provided financing for the transa…

Monomoy to buy retailer West Marine for $12.97 per share

Monomoy Capital Partners has agreed to acquire West Marine, a retailer of boating gear, apparel, footwear and other waterlife-related products, for $12.97 per share in cash. The deal is expected to close in the third quarter of this year. Guggenheim Securities served as financial adviser to West Mar…

West Marine Frequently Asked Questions

  • When was West Marine founded?

    West Marine was founded in 1968.

  • How many employees does West Marine have?

    West Marine has 1,520 employees.

  • What is West Marine revenue?

    Latest West Marine annual revenue is $703.4 m.

  • What is West Marine revenue per employee?

    Latest West Marine revenue per employee is $462.7 k.

  • Who are West Marine competitors?

    Competitors of West Marine include Fishing Republic, Industrial Revolution and Pakems.

  • Where is West Marine headquarters?

    West Marine headquarters is located at 500 Westridge Dr, Watsonville.

  • Where are West Marine offices?

    West Marine has an office in Watsonville.

  • How many offices does West Marine have?

    West Marine has 1 office.