MarineMax Inc
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and ot… Read more
MarineMax Inc (HZO) - Net Assets
Latest net assets as of December 2025: $944.32 Million USD
Based on the latest financial reports, MarineMax Inc (HZO) has net assets worth $944.32 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.43 Billion) and total liabilities ($1.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $944.32 Million |
| % of Total Assets | 38.89% |
| Annual Growth Rate | 10.36% |
| 5-Year Change | 59.48% |
| 10-Year Change | 203.63% |
| Growth Volatility | 16.16 |
MarineMax Inc - Net Assets Trend (1998–2025)
This chart illustrates how MarineMax Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MarineMax Inc (1998–2025)
The table below shows the annual net assets of MarineMax Inc from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $948.75 Million | -3.80% |
| 2024-09-30 | $986.25 Million | +7.39% |
| 2023-09-30 | $918.42 Million | +17.34% |
| 2022-09-30 | $782.67 Million | +31.56% |
| 2021-09-30 | $594.89 Million | +30.63% |
| 2020-09-30 | $455.40 Million | +23.47% |
| 2019-09-30 | $368.82 Million | +4.45% |
| 2018-09-30 | $353.09 Million | +16.84% |
| 2017-09-30 | $302.20 Million | -3.29% |
| 2016-09-30 | $312.47 Million | +10.16% |
| 2015-09-30 | $283.64 Million | +18.53% |
| 2014-09-30 | $239.29 Million | +7.88% |
| 2013-09-30 | $221.81 Million | +10.38% |
| 2012-09-30 | $200.94 Million | +3.05% |
| 2011-09-30 | $195.00 Million | -3.48% |
| 2010-09-30 | $202.03 Million | +2.16% |
| 2009-09-30 | $197.76 Million | -20.45% |
| 2008-09-30 | $248.58 Million | -33.46% |
| 2007-09-30 | $373.56 Million | +6.77% |
| 2006-09-30 | $349.89 Million | +23.37% |
| 2005-09-30 | $283.60 Million | +44.09% |
| 2004-09-30 | $196.82 Million | +18.53% |
| 2003-09-30 | $166.06 Million | +14.37% |
| 2002-09-30 | $145.19 Million | +13.70% |
| 2001-09-30 | $127.69 Million | +13.67% |
| 2000-09-30 | $112.34 Million | +24.55% |
| 1999-09-30 | $90.20 Million | +36.05% |
| 1998-09-30 | $66.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MarineMax Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8012.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $746.38 Million | 79.64% |
| Common Stock | $31.00K | 0.00% |
| Other Comprehensive Income | $8.23 Million | 0.88% |
| Other Components | $182.54 Million | 19.48% |
| Total Equity | $937.19 Million | 100.00% |
MarineMax Inc Competitors by Market Cap
The table below lists competitors of MarineMax Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MCAN Mortgage Corporation
PINK:MAMTF
|
$497.40 Million |
|
Zur Rose Group AG
PINK:ZRSEF
|
$497.46 Million |
|
Shandong Publishing & Media
SHG:601019
|
$497.48 Million |
|
Dark Horse Beijing Technology Co Ltd
SHE:300688
|
$497.50 Million |
|
Suzhou Xianglou New Material Co. Ltd.
SHE:301160
|
$497.25 Million |
|
Shenzhen JT Automation Equipment Co Ltd
SHE:300400
|
$497.13 Million |
|
China Resources Cement Holdings Limited
PINK:CJRCF
|
$496.98 Million |
|
Park Aerospace Corp
NYSE:PKE
|
$496.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MarineMax Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 975,795,000 to 937,190,000, a change of -38,605,000 (-4.0%).
- Net loss of 31,631,000 reduced equity.
- Share repurchases of 27,480,000 reduced equity.
- Other comprehensive income increased equity by 3,598,000.
- Other factors increased equity by 16,908,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-31.63 Million | -3.38% |
| Share Repurchases | $27.48 Million | -2.93% |
| Other Comprehensive Income | $3.60 Million | +0.38% |
| Other Changes | $16.91 Million | +1.8% |
| Total Change | $- | -3.96% |
Book Value vs Market Value Analysis
This analysis compares MarineMax Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.23x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-09-30 | $6.01 | $25.43 | x |
| 1999-09-30 | $6.03 | $25.43 | x |
| 2000-09-30 | $7.39 | $25.43 | x |
| 2001-09-30 | $8.38 | $25.43 | x |
| 2002-09-30 | $9.34 | $25.43 | x |
| 2003-09-30 | $10.60 | $25.43 | x |
| 2004-09-30 | $11.81 | $25.43 | x |
| 2005-09-30 | $15.73 | $25.43 | x |
| 2006-09-30 | $18.48 | $25.43 | x |
| 2007-09-30 | $19.37 | $25.43 | x |
| 2008-09-30 | $13.52 | $25.43 | x |
| 2009-09-30 | $10.58 | $25.43 | x |
| 2010-09-30 | $8.94 | $25.43 | x |
| 2011-09-30 | $8.71 | $25.43 | x |
| 2012-09-30 | $8.61 | $25.43 | x |
| 2013-09-30 | $9.24 | $25.43 | x |
| 2014-09-30 | $9.71 | $25.43 | x |
| 2015-09-30 | $11.30 | $25.43 | x |
| 2016-09-30 | $12.59 | $25.43 | x |
| 2017-09-30 | $12.25 | $25.43 | x |
| 2018-09-30 | $15.33 | $25.43 | x |
| 2019-09-30 | $16.12 | $25.43 | x |
| 2020-09-30 | $20.58 | $25.43 | x |
| 2021-09-30 | $26.02 | $25.43 | x |
| 2022-09-30 | $34.94 | $25.43 | x |
| 2023-09-30 | $40.83 | $25.43 | x |
| 2024-09-30 | $42.40 | $25.43 | x |
| 2025-09-30 | $42.50 | $25.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MarineMax Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.37%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.64x
- Recent ROE (-3.38%) is below the historical average (5.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -0.90% | -0.21% | 1.93x | 2.27x | $-7.23 Million |
| 1999 | 20.18% | 4.04% | 1.91x | 2.61x | $9.18 Million |
| 2000 | 19.04% | 3.89% | 2.38x | 2.06x | $10.16 Million |
| 2001 | 12.02% | 3.05% | 1.91x | 2.07x | $2.58 Million |
| 2002 | 11.75% | 3.16% | 1.80x | 2.07x | $2.55 Million |
| 2003 | 11.85% | 3.24% | 1.85x | 1.98x | $3.08 Million |
| 2004 | 13.36% | 3.45% | 1.61x | 2.41x | $6.62 Million |
| 2005 | 11.93% | 3.57% | 1.76x | 1.90x | $5.47 Million |
| 2006 | 11.26% | 3.25% | 1.51x | 2.29x | $4.39 Million |
| 2007 | 5.37% | 1.60% | 1.52x | 2.21x | $-17.29 Million |
| 2008 | -54.02% | -15.17% | 1.34x | 2.66x | $-159.14 Million |
| 2009 | -38.82% | -13.04% | 1.50x | 1.99x | $-96.55 Million |
| 2010 | 1.24% | 0.55% | 1.34x | 1.67x | $-17.71 Million |
| 2011 | -5.91% | -2.40% | 1.32x | 1.86x | $-31.02 Million |
| 2012 | 0.55% | 0.21% | 1.44x | 1.82x | $-19.00 Million |
| 2013 | 6.77% | 2.57% | 1.53x | 1.72x | $-7.16 Million |
| 2014 | 4.71% | 1.80% | 1.55x | 1.68x | $-12.66 Million |
| 2015 | 17.03% | 6.43% | 1.61x | 1.65x | $19.93 Million |
| 2016 | 7.23% | 2.40% | 1.72x | 1.75x | $-8.67 Million |
| 2017 | 7.79% | 2.24% | 1.64x | 2.12x | $-6.67 Million |
| 2018 | 11.13% | 3.34% | 1.84x | 1.81x | $4.00 Million |
| 2019 | 9.76% | 2.91% | 1.58x | 2.13x | $-896.90K |
| 2020 | 16.39% | 4.94% | 1.95x | 1.70x | $29.09 Million |
| 2021 | 26.05% | 7.51% | 2.05x | 1.69x | $95.49 Million |
| 2022 | 25.30% | 8.58% | 1.71x | 1.73x | $119.72 Million |
| 2023 | 11.93% | 4.56% | 0.99x | 2.64x | $17.70 Million |
| 2024 | 3.90% | 1.57% | 0.93x | 2.67x | $-59.51 Million |
| 2025 | -3.38% | -1.37% | 0.93x | 2.64x | $-125.35 Million |
Industry Comparison
This section compares MarineMax Inc's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $1,092,445,058
- Average return on equity (ROE) among peers: 24.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MarineMax Inc (HZO) | $944.32 Million | -0.90% | 1.57x | $497.35 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $11.42 Million | 85.41% | 3.81x | $9.13 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.98 Billion | 20.40% | 1.65x | $37.28 Billion |
| Arhaus Inc (ARHS) | $343.75 Million | 19.94% | 2.51x | $376.53 Million |
| Arko Corp (ARKO) | $353.68 Million | 16.74% | 7.32x | $237.75 Million |
| Academy Sports Outdoors Inc (ASO) | $2.00 Billion | 20.88% | 1.45x | $3.72 Billion |
| BARK, Inc. (BARK) | $-75.40 Million | 0.00% | 0.00x | $91.13 Million |
| Build-A-Bear Workshop Inc (BBW) | $99.41 Million | 27.51% | 1.21x | $422.22 Million |
| Bath & Body Works Inc. (BBWI) | $2.18 Billion | 20.51% | 2.28x | $4.16 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.22 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $205.04 Million | 8.24% | 1.11x | $29.90 Million |