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Side-by-side financial comparison of MARINEMAX INC (HZO) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
MARINEMAX INC is the larger business by last-quarter revenue ($527.4M vs $340.0M, roughly 1.6× Walker & Dunlop, Inc.). On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -16.5%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -16.6%).
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
HZO vs WD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $527.4M | $340.0M |
| Net Profit | — | $-13.9M |
| Gross Margin | 34.4% | — |
| Operating Margin | 2.1% | -17.2% |
| Net Margin | — | -12.9% |
| Revenue YoY | -16.5% | -0.4% |
| Net Profit YoY | — | -131.0% |
| EPS (diluted) | $0.14 | $-0.41 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $527.4M | — | ||
| Q4 25 | $505.2M | $340.0M | ||
| Q3 25 | $552.2M | $337.7M | ||
| Q2 25 | $657.2M | $319.2M | ||
| Q1 25 | $631.5M | $237.4M | ||
| Q4 24 | $468.5M | $341.5M | ||
| Q3 24 | $563.1M | $292.3M | ||
| Q2 24 | $757.7M | $270.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $-13.9M | ||
| Q3 25 | $-851.0K | $33.5M | ||
| Q2 25 | $-52.1M | $34.0M | ||
| Q1 25 | $3.3M | $2.8M | ||
| Q4 24 | $18.1M | $44.8M | ||
| Q3 24 | $4.0M | $28.8M | ||
| Q2 24 | $31.6M | $22.7M |
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 30.0% | — | ||
| Q4 24 | 36.2% | — | ||
| Q3 24 | 34.3% | — | ||
| Q2 24 | 32.0% | — |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | -17.2% | ||
| Q3 25 | 2.5% | 13.6% | ||
| Q2 25 | -6.3% | 14.5% | ||
| Q1 25 | 3.6% | 2.2% | ||
| Q4 24 | 8.3% | 15.3% | ||
| Q3 24 | 4.8% | 12.8% | ||
| Q2 24 | 8.1% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | -12.9% | ||
| Q3 25 | -0.2% | 9.9% | ||
| Q2 25 | -7.9% | 10.6% | ||
| Q1 25 | 0.5% | 1.2% | ||
| Q4 24 | 3.9% | 13.1% | ||
| Q3 24 | 0.7% | 9.9% | ||
| Q2 24 | 4.2% | 8.4% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $-0.41 | ||
| Q3 25 | $0.08 | $0.98 | ||
| Q2 25 | $-2.42 | $0.99 | ||
| Q1 25 | $0.14 | $0.08 | ||
| Q4 24 | $0.77 | $1.32 | ||
| Q3 24 | $0.17 | $0.85 | ||
| Q2 24 | $1.37 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $189.1M | $299.3M |
| Total DebtLower is stronger | $338.7M | — |
| Stockholders' EquityBook value | — | $1.7B |
| Total Assets | $2.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $299.3M | ||
| Q3 25 | $170.4M | $274.8M | ||
| Q2 25 | $151.0M | $233.7M | ||
| Q1 25 | $203.5M | $181.0M | ||
| Q4 24 | $145.0M | $279.3M | ||
| Q3 24 | $224.3M | $179.8M | ||
| Q2 24 | $242.4M | $208.1M |
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $393.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $391.2M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $1.7B | ||
| Q3 25 | $937.2M | $1.8B | ||
| Q2 25 | $940.5M | $1.8B | ||
| Q1 25 | $993.4M | $1.7B | ||
| Q4 24 | $993.5M | $1.7B | ||
| Q3 24 | $975.8M | $1.7B | ||
| Q2 24 | $967.6M | $1.7B |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.5B | $5.8B | ||
| Q2 25 | $2.5B | $4.7B | ||
| Q1 25 | $2.7B | $4.5B | ||
| Q4 24 | $2.6B | $4.4B | ||
| Q3 24 | $2.6B | $4.6B | ||
| Q2 24 | $2.6B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | $-664.3M | ||
| Q3 25 | $61.5M | $-948.1M | ||
| Q2 25 | $84.9M | $-238.5M | ||
| Q1 25 | $72.5M | $-281.1M | ||
| Q4 24 | $-146.1M | $129.4M | ||
| Q3 24 | $-782.0K | $-202.0M | ||
| Q2 24 | $86.3M | $-237.8M |
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $-680.1M | ||
| Q3 25 | $48.0M | $-950.4M | ||
| Q2 25 | $68.5M | $-241.0M | ||
| Q1 25 | $59.8M | $-284.7M | ||
| Q4 24 | $-164.4M | $116.4M | ||
| Q3 24 | $-17.5M | $-204.0M | ||
| Q2 24 | $71.1M | $-241.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | -200.0% | ||
| Q3 25 | 8.7% | -281.5% | ||
| Q2 25 | 10.4% | -75.5% | ||
| Q1 25 | 9.5% | -120.0% | ||
| Q4 24 | -35.1% | 34.1% | ||
| Q3 24 | -3.1% | -69.8% | ||
| Q2 24 | 9.4% | -89.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 4.6% | ||
| Q3 25 | 2.4% | 0.7% | ||
| Q2 25 | 2.5% | 0.8% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 3.9% | 3.8% | ||
| Q3 24 | 3.0% | 0.7% | ||
| Q2 24 | 2.0% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | 21.97× | -102.07× | ||
| Q4 24 | -8.09× | 2.89× | ||
| Q3 24 | -0.20× | -7.01× | ||
| Q2 24 | 2.74× | -10.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
WD
Segment breakdown not available.
