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MarineMax HZO Acquisitions

Acquisitions at other companies

OneWater Marine Inc. logo
OneWater Marine Inc.ONEW
-$1.43M-125%
Malibu Boats, Inc. logo
Malibu Boats, Inc.MBUU
$0
Brunswick logo
BrunswickBC
$0
Polaris logo
PolarisPII
$20M+374%
Johnson Outdoors logo
Johnson OutdoorsJOUT
$0
CarMax logo
CarMaxKMX
$0

Other financials

Income statement

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Revenue$611.3M-7.0%
Gross profit$218.1M+9.2%
Operating income$37.2M+190%
Net income$15.4M+129%
EPS (diluted)$0.66+127%

Balance sheet

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Cash & equivalents$174.8M+15.7%
Total debt$1.1B-12.6%
Total equity$952.5M+1.3%
Total assets$2.4B-5.2%

Cash flow

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Operating cash flow$85.2M+0.3%
CapEx$8.0M-51.2%
Free cash flow$77.2M

Valuation

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Market cap$788.06M+133%
Enterprise value$1.7B+30.2%
P/E197.7×
P/S0.4×+0.2×

Profitability

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Gross margin34.2%+1.8pp
Operating margin3%+1.0pp
Net margin0.2%+0.1pp
FCF margin8.1%

Returns & leverage

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Return on equity0.4%+0.2pp
Debt / equity1.1×-0.2×
Current ratio1.2×0.0×

Where this comes from

Reported directly by MarineMax in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: MarineMax’s 10-K, filed November 17, 2025.

Filed
Nov 17, 2025
Fiscal year
FY2025
Accession
0001193125-25-284680
Line itemFor the Year Ended September 30, 2025For the Year Ended September 30, 2024For the Year Ended September 30, 2023
Purchases of property and equipment(60,864)(60,423)(65,408)
Proceeds from insurance settlements2,0285813,440
Issuance of notes receivable(2,811)
Cash used in acquisition of businesses, net of cash acquired(10,482)(21,955)(516,794)
Proceeds from investments2,143
Purchases of investments(493)(2,486)
Proceeds from trade name and warranties assumed in asset exchange agreement6,170
Proceeds from sale of property and equipment and assets held for sale10,8284502,740

Item 16. Form 10-K Summary

FAQ

What is MarineMax's acquisitions?
MarineMax (HZO) reported acquisitions of $2.62M in Q3 2025.
What is the long-term trend for MarineMax's acquisitions?
Over 3 years (2021 to 2025), MarineMax's acquisitions has grown at a -57.3% compound annual growth rate (CAGR), from $134.21M to $10.48M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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