MarineMax, Inc. (FL) HZO

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
40/100
Developing

Ranked against 51 peers in Specialty Retail

About MarineMax, Inc. (FL)

MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It … Full HZO analysis →

Key risks

  • ROIC Below WACC or Peers ROIC at 38.8th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.20), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
38
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where HZO ranks in Specialty Retail

MarineMax, Inc. (FL) ranks #33 of 52 scored companies in Specialty Retail by moat score — the top 63%. The widest moat in the group is Winmark Corporation (WINA) at 83/100.

# Company Moat score Rating
29 Olaplex Holdings, Inc. OLPX 46/100 Developing
30 Petco Health and Wellness Compa WOOF 42/100 Developing
31 Advance Auto Parts Inc. AAP 41/100 Developing
32 Boqii Holding Limited BQ 40/100 Developing
33 MarineMax, Inc. (FL) HZO 40/100 Developing
34 PTL LTD PTLE 38/100 Developing
35 Sportsman's Warehouse Holdings, SPWH 38/100 Developing
36 Naas Technology Inc. NAAS 36/100 Developing
37 BARK, Inc. BARK 35/100 Developing

See every General Corporate company ranked by moat score →

How HZO scores on the Corporate Default defenses

Pricing Power

Score 38 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 53 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 50 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 32 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 30 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 38 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding HZO's moat

What is MarineMax, Inc. (FL)'s moat score?

MarineMax, Inc. (FL) (HZO) scores 40 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #33 of 52 scored companies in Specialty Retail, the top 63%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Specialty Retail. Its strongest defense is Cost Advantage (53/100) and its weakest is Resilience (30/100).

How does MarineMax, Inc. (FL) compare with other Specialty Retail companies?

MarineMax, Inc. (FL) ranks #33 of 52 scored companies in Specialty Retail by moat score. The widest moat in Specialty Retail is Winmark Corporation (WINA) at 83/100. The companies ranked closest are Boqii Holding Limited (BQ) at 40 just above it and PTL LTD (PTLE) at 38 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Specialty Retail. The defenses are then weighted to produce the overall score out of 100.

Why is MarineMax, Inc. (FL) scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for MarineMax, Inc. (FL)?

The Corporate Default template measures 6 defenses, and HZO scores: Pricing Power (38), Cost Advantage (53), Customer Stickiness (50), Capital Efficiency (32), Resilience (30), Scale & Market Position (38). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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