Earnings Releases·Nov 4, 2026, 8:30 AM ET

MarineMax — Fiscal 2026 Earnings Summary

Fiscal 2026 revenue declined 4.3% to $2.2 billion (Q4 down 5.8% to $520.1 million) with same-store sales down 5.5% for the full year, though gross margin expanded to 34.9% (up 240 bps) driven by higher-margin non-boat businesses.
Full-year net loss narrowed to $8.2 million ($0.37/share) from $31.6 million in 2025, while adjusted net income rose to $13.3 million ($0.58/share) and Adjusted EBITDA increased to $112.6 million.
The company entered a definitive agreement to be acquired by Safe Harbor Marinas for $53.00 per share in cash (approx. $1.5 billion enterprise value), with the transaction expected to close by end of 2026 pending shareholder approval.
MarineMax will not provide fiscal 2027 financial guidance or hold a conference call due to the pending acquisition, which included $25.9 million in transaction and other costs for the full year.
Balance sheet improvements included a 6.3% decline in inventories to $812.8 million and reduced debt levels, with short-term borrowings falling to $613.7 million and long-term debt to $324.4 million.