Loading...
•
Sep 30
Marinemax Q4 2025 Earnings Report
MarineMax reported a net loss in Q4 2025 as revenue declined slightly and SG&A expenses increased.
Key Takeaways
MarineMax saw lower new boat sales and increased costs, resulting in a small net loss for Q4, though same-store sales showed resilience.
Revenue for Q4 2025 was $552.2 million, slightly down from the previous year.
Same-store sales grew 2.3%, highlighting relative strength amid industry softness.
MarineMax reported a net loss of $0.9 million, or $0.04 per share.
Gross margin expanded to 34.7% due to higher-margin business contributions.
Marinemax
Marinemax
Marinemax Revenue by Segment
Revenue by Segment
Retail Operations Revenue
CapyFin.comProduct Manufacturing Revenue
CapyFin.com Forward Guidance
MarineMax expects fiscal 2026 Adjusted EBITDA between $110M–$125M and adjusted EPS between $0.40–$0.95, reflecting cautious optimism despite industry headwinds.
Positive Outlook
- Strong showing at Fort Lauderdale Boat Show with post-COVID record unit sales.
- Investments in technology and innovation continuing to pay off.
- Diversification into higher-margin businesses supports long-term growth.
- Positive customer engagement trends noted.
- New product and service strategies aligned with evolving consumer demand.
Challenges Ahead
- Macroeconomic uncertainty continues to impact retail demand.
- Persistent industry headwinds may limit near-term growth.
- New boat pricing remains under pressure.
- Foreign currency headwinds due to weaker dollar.
- Store closures and product rationalization reduce overall sales base.
Revenue & Expenses
Visualization of income flow from segment revenue to net income