Filing Flows › Marinemax (HZO) › Q2 FY25
Marinemax (HZO) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 24, 2025
Marinemax (HZO) reported revenue of $632M for the second quarter fiscal 2025 (Q2 FY25), +8% from a year earlier and +35% from the quarter before. Operating margin was 3.6%, net earnings $3.2M (0.5% of revenue).
Marinemax, Q2 FY25: revenue $632M (+8% year over year), operating margin 3.6%, net earnings $3.2M, operating cash flow $72.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $632M | +35% | +8% |
| Gross profit | $190M | +12% | -0.5% |
| Operating profit | $22.7M | -42% | +6% |
| Net earnings | $3.2M | -83% | +118% |
| Operating cash flow | $72.5M | — | — |
| Free cash flow | $59.8M | — | — |
What changed
Revenue was $631.5M in Q2 FY25, up 8% year over year and up 35% from the previous quarter.
Gross margin was 30.0%, down 2.7 points from a year earlier. Operating profit was $22.7M, a 3.6% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 4% margin then. Operating expenses fell 1% while revenue rose 8%. Net earnings were $3.3M, up 108% year over year. The effective tax rate was 30.7%.
Operating cash flow was $72.5M, 2293% of net income including minority interests. Non-cash charges added back $12.3M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $51.8M. Capital expenditures of $12.7M left free cash flow of $59.8M.
Questions
What was Marinemax's revenue in the second quarter fiscal 2025?
Marinemax (HZO) reported revenue of $632M for the second quarter fiscal 2025 (Q2 FY25), +8% from a year earlier and +35% from the quarter before.
Was Marinemax profitable in the second quarter fiscal 2025?
Operating profit was $22.7M (3.6% of revenue) and net earnings $3.2M.
Source: Marinemax 10-Q on SEC EDGAR.