MarineMax (HZO) Q4 2026 earnings summary

Executive summary

• FY26 performance reflected lower boat sales and a challenging retail environment, partly offset by growth in marinas, parts and service, and other higher-margin activities.

• Gross margin rose 240 bps to 34.9% for FY26; adjusted EBITDA was $112.6M.

• Safe Harbor agreed to acquire all outstanding shares for $53.00 per share in cash; closing is expected by calendar year-end 2026, subject to customary conditions and shareholder approval.

Financial highlights

• Q4 FY26 revenue was $520.1M vs. $552.2M YoY; FY26 revenue was $2.164B vs. $2.309B.

• Same-store sales declined 5.7% in Q4 and 5.5% for FY26.

• Q4 gross profit was $194.3M, or 37.4% of revenue, vs. $191.4M and 34.7% YoY; FY26 gross profit was $754.2M vs. $750.2M.

• Q4 GAAP net loss attributable to MarineMax was $13.0M, or $0.59/share; adjusted net loss was $1.8M, or $0.08/share. FY26 GAAP net loss was $8.2M, or $0.37/share; adjusted net income was $13.3M, or $0.58 diluted EPS.

• Adjusted EBITDA was $21.8M in Q4 vs. $17.3M YoY, and $112.6M for FY26 vs. $109.8M.

Outlook and guidance

• No FY27 financial guidance is planned in light of the pending Safe Harbor acquisition.

• The acquisition is expected to close by calendar year-end 2026, subject to customary closing conditions, including shareholder approval.