Filing Flows

Filing Flows › Companies › Marinemax › Cash flow

Marinemax cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$77.2M in Q3 FY26 · $178M over twelve months

Operating cash flow$85.2M
Capital spending−$8.0M
Free cash flow+$77.2M
Cash / net income5.4×
Cash conversion cycle191 days

Analysis

In Q3 FY26, Marinemax generated $85.2M of operating cash flow and spent $8.0M on capital projects, leaving free cash flow of $77.2M. That is $8.7M more than in Q3 FY25 ($68.5M).

Over the twelve months to Jun 30, 2026, operating cash flow was $219M; the largest uses were net borrowing (+) / repaid (−) ($163M), capital spending ($41.0M), taxes on employees’ shares ($4.7M); besides operations, cash came from other investing ($14.1M), shares issued ($2.6M); the cash balance rose by $23.8M.

Operating cash flow was $85.2M against net income of $15.6M — 5.4× profit, cash ran ahead of reported earnings. The largest differences: inventory +$56.7M, payables −$18.6M, depreciation & amortization +$12.6M.

Its cash conversion cycle was 191 days (receivables 15 + inventory 189 − payables 12).

Free cash flow

Marinemax: free cash flow by quarterMarinemax: free cash flow by quarter−$17.5MQ4 FY24−$164MQ1 FY25$59.8MQ2 FY25$68.5MQ3 FY25$48.0MQ4 FY25$8.3MQ1 FY26$44.5MQ2 FY26$77.2MQ3 FY26
Operating cash flow less capital spending.
Marinemax: operating cash flow against capital spendingMarinemax: operating cash flow against capital spendingOperating cash flowCapital spending−$782K$16.7MQ4 FY24−$146M$18.3MQ1 FY25$72.5M$12.7MQ2 FY25$84.9M$16.4MQ3 FY25$61.5M$13.4MQ4 FY25$16.9M$8.5MQ1 FY26$55.5M$11.0MQ2 FY26$85.2M$8.0MQ3 FY26
Latest (Q3 FY26): Operating cash flow $85.2M, Capital spending $8.0M.

Capital allocation, year by year

Marinemax: where the cash came from (up) and went (down), by fiscal yearMarinemax: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY21: Operating cash flow $374MFY21: Net borrowing −$119MFY21: Shares issued $2.6MFY21: Asset sales $350KFY21: Capital spending −$26.1MFY21: Acquisitions −$134MFY21: Buybacks −$23.8M$377MFY21FY22: Operating cash flow $76.6MFY22: Net borrowing $105MFY22: Shares issued $2.2MFY22: Asset sales $703KFY22: Capital spending −$58.5MFY22: Acquisitions −$83.2MFY22: Buybacks −$21.3M$184MFY22FY23: Operating cash flow −$222MFY23: Net borrowing $779MFY23: Shares issued $2.4MFY23: Capital spending −$65.4MFY23: Acquisitions −$517M$782MFY23FY24: Operating cash flow −$25.7MFY24: Net borrowing $136MFY24: Shares issued $2.6MFY24: Capital spending −$60.4MFY24: Acquisitions −$22.0MFY24: Buybacks −$2.1M$139MFY24FY25: Operating cash flow $72.8MFY25: Net borrowing $9.0MFY25: Shares issued $2.6MFY25: Capital spending −$60.9MFY25: Acquisitions −$10.5MFY25: Buybacks −$27.5M$84.4MFY25
Over these 5 years operating cash flow totalled $275M; the largest uses were acquisitions ($767M) and capital spending ($271M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$175M
Debt$1.0B
Net debt$827M
Due within a year$35.6M

Marinemax funds itself: free cash flow was $178M over the last twelve months, and $175M of cash and investments stands against $1.0B of debt ($35.6M due within a year, 4.9× covered by cash).

Marinemax: debt maturities by year (FY25)Marinemax: debt maturities by year (FY25)$35.6MYear 1$329MYear 2$17.0MYear 3$1.4MYear 4$8.6MYear 5$1.2MAfter year 5
Principal due in each year as disclosed in the annual report, against $175M of cash and investments now.

Where the cash came from and went

Marinemax: sources (+) and uses (−) of cash, Q3 FY26Marinemax: sources (+) and uses (−) of cash, Q3 FY26Net borrowing (+) / repaid (−)−$90.8MOperating cash flow$85.2MCash drawn (+) / kept (−)$14.4MCapital spending−$8.0MOther financing−$2.7MShares issued$1.2MOther investing$923KExchange rates−$225KAsset & business sales$72K
Marinemax: sources (+) and uses (−) of cash, TTM to Q3 FY26Marinemax: sources (+) and uses (−) of cash, TTM to Q3 FY26Operating cash flow$219MNet borrowing (+) / repaid (−)−$163MCapital spending−$41.0MCash drawn (+) / kept (−)−$23.8MOther investing$14.1MTaxes on employees’ shares−$4.7MOther financing−$3.1MShares issued$2.6MExchange rates−$259K

From profit to cash

Marinemax: net income to operating cash flow, Q3 FY26Marinemax: net income to operating cash flow, Q3 FY26Net income$15.6MDepreciation & amortization$12.6MStock-based pay$4.4MReceivables$5.9MInventory$56.7MPayables−$18.6MAccrued liabilities$7.5MDeferred revenue−$353KPrepaid and other assets−$3.5MOperating cash flow$85.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY261518912191
Q2 FY261622315224
Q1 FY261823215235
Q4 FY251822613231
Q3 FY25161879194
Q2 FY25142048211
Q1 FY251929914304
Q4 FY241722212227

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26$85.2M−$8.0M—−$90.8M$1.2M$14.4M$77.2M
Q2 FY26$55.5M−$11.0M—−$21.8M—−$24.5M$44.5M
Q1 FY26$16.9M−$8.5M—−$21.9M$1.3M$5.7M$8.3M
Q4 FY25$61.5M−$13.4M—−$28.4M—−$19.3M$48.0M
Q3 FY25$84.9M−$16.4M−$15.0M−$94.7M$1.1M$52.5M$68.5M
Q2 FY25$72.5M−$12.7M—$17.9M—−$58.5M$59.8M
Q1 FY25−$146M−$18.3M—$77.7M$1.5M$79.3M−$164M
Q4 FY24−$782K−$16.7M—−$632K$7K$18.1M−$17.5M

Marinemax: income statement and cash flow

Marinemax, Q3 FY26: revenue $611M (-7% year over year), operating margin 6.1%. The chart follows the revenue to costs, profit and cash.

Marinemax: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.