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

3.3More
TypeSubsidiary
HQWatsonville, US
Founded1968
Websitewestmarine.com
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)
Watsonville, CA, USA
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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, 2013FY, 2014FY, 2015FY, 2016

Revenue

663.2m675.8m704.8m703.4m

Revenue growth, %

2%4%0%

Cost of goods sold

502.8m497.7m

Gross profit

202.0m205.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Revenue

193.4m113.3m236.5m196.5m194.4m127.1m253.2m191.9m130.4m251.6m129.1m247.2m

Cost of goods sold

138.5m88.4m154.2m138.1m138.1m100.1m162.4m136.5m97.5m162.4m96.1m157.0m

Gross profit

54.9m24.9m82.3m58.4m56.3m27.0m90.8m55.4m32.9m89.2m32.9m90.3m

Gross profit Margin, %

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

Cash

48.4m45.7m48.2m76.1m

Accounts Receivable

6.4m

Current Assets

282.3m298.2m301.7m315.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Cash

69.9m10.4m38.9m63.6m60.5m6.6m44.2m93.9m22.4m89.6m47.0m113.3m

Accounts Receivable

7.9m9.3m11.0m8.5m8.6m9.6m10.7m8.9m9.1m10.6m9.1m10.3m

Current Assets

322.4m297.2m319.9m309.3m329.8m311.4m340.6m351.0m327.2m373.5m340.3m388.4m

PP&E

69.9m74.9m79.6m80.0m79.0m81.9m81.4m80.0m82.0m80.5m79.6m77.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.8m1.9m4.5m6.5m

Depreciation and Amortization

15.0m18.2m20.7m22.2m

Inventories

8.5m

Accounts Payable

1.1m10.8m(7.9m)5.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2018

Net Income

6.3m(11.0m)18.3m4.9m4.9m(10.3m)20.9m3.9m(9.1m)21.6m(7.3m)14.0m

Depreciation and Amortization

11.6m

Accounts Payable

50.2m34.5m38.2m53.5m53.2m55.3m66.9m77.2m63.2m41.1m

Cash From Operating Activities

45.9m
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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 Revenue Breakdown

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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.

  • What is West Marine revenue?

    Latest West Marine annual revenue is $703.4 m.

  • Who are West Marine competitors?

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

  • Where is West Marine headquarters?

    West Marine headquarters is located at Watsonville, CA, USA, 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.