MarineMax Inc (HZO)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 109,282 | 197,989 | 154,979 | 74,634 | 35,985 |
| Revenue | US$ in thousands | 2,394,710 | 2,308,100 | 2,063,260 | 1,509,710 | 1,237,150 |
| Net profit margin | 4.56% | 8.58% | 7.51% | 4.94% | 2.91% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $109,282K ÷ $2,394,710K
= 4.56%
The net profit margin of Marinemax, Inc. has fluctuated over the past five years. In 2023, the net profit margin decreased to 4.56% from 8.58% in 2022. This decline indicates that the company's profitability relative to its net sales has decreased. However, when comparing the current margin to the margins of 2021, 2020, and 2019, it is still higher, indicating a positive trend over the long term. A declining net profit margin may raise concerns about the company's cost management, pricing strategy, or operational efficiency, and investors may seek further clarification on the factors contributing to this decrease.
Peer comparison
Sep 30, 2023