MarineMax had revenue of $552.2 million in the fourth quarter of its fiscal 2025, compared with $563.1 million in the prior-year period.
The organisation had a same-store sales increase of 2.3%, a gross profit of 34.7% and a net loss of $0.9 million.
Adjusted EBITDA was $17.3 million.
The company says the year-on-year decline primarily reflected lower new boat sales and the impact of its portfolio rationalisation efforts, including store closures since the end of its fiscal 2024 year.
Our continued strategic expansion into higher-margin businesses is driving long-term value creation.
Brett McGill
For the full fiscal 2025, MarineMax had revenues of $2.3 billion, a same-store sales decrease 2.1%, gross profit of 32.5%, a net loss of $31.6 million and adjusted EBITDA of $109.8 million.
“While new boat sales and pricing remained under pressure in the fourth quarter due to the soft retail environment industrywide, our continued strategic expansion into higher-margin businesses is driving long-term value creation,” said Brett McGill, the company’s chief executive officer and president.
“We have also made important strategic adjustments to refine our product portfolio by eliminating underperforming brands, allowing us to concentrate on offerings that better align with evolving customer demand and deliver greater value to our business.”
Post-Covid record
He added: “Turning to recent business, we had a strong showing at the recent Fort Lauderdale International Boat Show, one of the industry’s largest and most prestigious events.
“We generated more revenue than at last year’s show and set a post-Covid record for unit sales, demonstrating the effectiveness of our investments and technology tools and the strength of our industry-leading brands.
“While it’s too early to say that the demand headwinds caused by heightened economic uncertainty have subsided, the level of consumer engagement was very encouraging.”
For its fiscal 2026, MarineMax expects adjusted EBITDA to be in the range of $110 million to $125 million, reflecting current macroeconomic uncertainty and persistent industry headwinds.
