MarineMax Inc (HZO)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 38,066 | 109,282 | 197,989 | 154,979 | 74,634 |
| Revenue | US$ in thousands | 2,431,010 | 2,394,710 | 2,308,100 | 2,063,260 | 1,509,710 |
| Net profit margin | 1.57% | 4.56% | 8.58% | 7.51% | 4.94% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $38,066K ÷ $2,431,010K
= 1.57%
MarineMax Inc's net profit margin has shown a declining trend over the past five years, decreasing from 4.94% in 2020 to 1.57% in 2024. This indicates that the company's profitability in relation to its revenue has been weakening over the years. The significant drop in net profit margin from 2022 to 2024 (8.58% to 1.57%) suggests that the company may be facing challenges in controlling its costs and improving its operational efficiency. It is important for MarineMax Inc to address these issues and implement strategies to enhance its profitability in order to sustain its financial health and competitiveness in the market.
Peer comparison
Sep 30, 2024