MarineMax Inc (HZO)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 147,239 | 261,921 | 205,794 | 97,440 | 48,953 |
| Revenue | US$ in thousands | 2,394,710 | 2,308,100 | 2,063,260 | 1,509,710 | 1,237,150 |
| Pretax margin | 6.15% | 11.35% | 9.97% | 6.45% | 3.96% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $147,239K ÷ $2,394,710K
= 6.15%
The pretax margin of Marinemax, Inc. has shown some fluctuations over the past five years, with a noticeable increase from 2019 to 2022, followed by a decline in 2023. The pretax margin was 6.16% in 2023, down from 11.35% in 2022. This decline may be indicative of various factors such as changes in operating expenses, cost of goods sold, or other income and expenses. It is important for stakeholders to assess the reasons behind this decrease to understand the company's profitability and efficiency in generating profits before considering the impact of taxes.
Peer comparison
Sep 30, 2023
Company name
Symbol
Pretax margin
MarineMax Inc
HZO
6.15%
Advance Auto Parts Inc
AAP
0.28%
AutoZone Inc
AZO
18.15%
O’Reilly Automotive Inc
ORLY
19.25%