MarineMax Inc (HZO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 53,626 | 63,947 | 81,213 | 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 |
| 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 |
| Pretax margin | 2.21% | 2.60% | 3.35% | 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% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $53,626K ÷ $2,431,008K
= 2.21%
MarineMax Inc's pretax margin has exhibited a fluctuating trend over the past few quarters. The pretax margin for the most recent quarter, Sep 30, 2024, was 2.21%, which indicates that the company retained $0.0221 in pretax profit for every dollar of revenue generated. This figure reflects a decrease from the previous quarter's pretax margin of 2.60%.
Looking back over the last few quarters, the pretax margin has shown a general downward trend since Dec 31, 2021, where it was at 10.43%. The company's profitability before taxes has gradually declined, reaching its lowest point in the last five years in Sep 30, 2020, at 4.16%.
The declining pretax margin could indicate various factors impacting MarineMax Inc's financial performance, such as increasing operating expenses, declining revenues, or inefficiencies in cost management. It would be important for the company to analyze the underlying reasons for this trend and implement strategic measures to improve profitability and efficiency in the future.
Peer comparison
Sep 30, 2024