MarineMax Inc (HZO)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 128,226 | 135,743 | 149,297 | 183,301 | 200,802 | 217,405 | 238,124 | 254,502 | 265,204 | 257,983 | 243,591 | 224,678 | 209,460 | 198,514 | 166,221 | 123,067 | 106,715 | 86,541 | 66,668 | 67,178 |
| Revenue (ttm) | US$ in thousands | 2,431,008 | 2,462,481 | 2,426,605 | 2,414,053 | 2,394,706 | 2,336,875 | 2,303,568 | 2,343,334 | 2,308,098 | 2,233,644 | 2,211,435 | 2,124,424 | 2,063,257 | 1,999,709 | 1,831,685 | 1,617,065 | 1,509,713 | 1,419,087 | 1,304,277 | 1,299,388 |
| Operating profit margin | 5.27% | 5.51% | 6.15% | 7.59% | 8.39% | 9.30% | 10.34% | 10.86% | 11.49% | 11.55% | 11.02% | 10.58% | 10.15% | 9.93% | 9.07% | 7.61% | 7.07% | 6.10% | 5.11% | 5.17% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $128,226K ÷ $2,431,008K
= 5.27%
MarineMax Inc's operating profit margin has shown a declining trend over the past five years. The company's operating profit margin decreased from 11.49% in Sep 30, 2022, to 5.27% in Sep 30, 2024. This decline indicates that the company's operating expenses have been increasing relative to its revenue, leading to lower profitability.
The operating profit margin peaked at 11.55% in Jun 30, 2022, after which it started to deteriorate. The downward trend may suggest that the company is facing challenges in managing its operating costs efficiently or that its revenue growth is not keeping pace with rising expenses.
It is essential for MarineMax Inc to closely monitor and control its operating expenses to improve its operating profit margin and overall profitability. Additionally, the company may need to evaluate its pricing strategy, cost structure, and operational efficiency to reverse the declining trend in its operating profit margin.
Peer comparison
Sep 30, 2024