Marinemax (HZO) FY2024 results: revenue $2.4 billion, up 1.5% on the year
Marinemax Inc. (HZO) reported revenue of $2.4 billion for fiscal 2024, the year ended 30 September 2024, up 1.5% on the year before. Net income was $38 million, down 65.2%, and diluted earnings per share $1.65. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2024.
Revenue
$2.4 billion
+1.5% on the year
FY2017FY2024
Operating margin
5.3%
8.4% a year earlier
FY2017FY2024
Net income
$38 million
-65.2% on the year
FY2017FY2024
Diluted EPS
$1.65
-66.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-25.7
-222
76.6
Capital expenditure
60.4
65.4
58.5
-7.6%
Free cash flow
-86.1
-288
18.1
Free cash flow margin
-3.5%
-12.0%
0.8%
Cash from investing
-81.3
-576
-140
Cash from financing
129
770
73.1
-83.3%
Depreciation and amortisation
44.5
41.0
19.4
+8.4%
Share-based compensation
24.0
21.7
16.0
+10.6%
Diluted shares, weighted
23m
22m
22m
+2.6%
Shares outstanding at period end
23m
22m
22m
+2.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
976
916
783
+6.5%
Non-controlling interest
10.5
2.6
0.0
+306.1%
Debt
1,099
960
180
+14.4%
Operating lease liabilities
125
124
89.7
+0.6%
Other liabilities
396
419
300
-5.6%
Total liabilities and equity
2,605
2,421
1,353
+7.6%
Fixed assets
533
528
246
+1.0%
Goodwill
592
560
236
+5.8%
Intangible assets
19.2
23.8
10.9
-19.3%
Cash and equivalents
224
201
228
+11.4%
Receivables
106
85.8
50.3
+24.0%
Inventory
907
813
454
+11.5%
Other assets
223
210
127
+6.4%
Total assets
2,605
2,421
1,353
+7.6%
10-K for the year ended 30 September 2024, filed 14 November 2024: the filing.