MarineMax Inc (HZO)

Pretax margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	121,284	147,255	178,777	213,140	242,033	261,886	254,992	240,982	221,631	205,804	194,730	160,988	115,913	97,456	74,973	54,252	54,742	48,953	54,395	52,688
Revenue (ttm)	US$ in thousands	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	1,237,153	1,237,608	1,215,368
Pretax margin		5.02%	6.15%	7.65%	9.25%	10.33%	11.35%	11.42%	10.90%	10.43%	9.97%	9.74%	8.79%	7.17%	6.46%	5.28%	4.16%	4.21%	3.96%	4.40%	4.34%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $121,284K ÷ $2,414,053K
= 5.02%

Marinemax, Inc.'s pretax margin has exhibited a downward trend over the last eight quarters. As of December 31, 2023, the pretax margin stood at 5.01%, representing a decrease from the previous quarter's 6.16%. This decline suggests a potential reduction in the company's ability to generate profits before accounting for taxes. It is important for the company to closely examine its cost structure and revenue generation in order to address this trend and ensure sustained profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

MarineMax Inc

HZO

5.02%

Advance Auto Parts Inc

O’Reilly Automotive Inc

ORLY

19.17%