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MARINEMAX INC（HZO）与OneWater Marine Inc.（ONEW）财务数据对比。点击上方公司名可切换其他公司
MARINEMAX INC的季度营收约是OneWater Marine Inc.的1.3倍（$505.2M vs $380.6M）。MARINEMAX INC净利率更高（-1.6% vs -2.0%，领先0.5%）。MARINEMAX INC同比增速更快（7.8% vs 1.3%）。MARINEMAX INC自由现金流更多（$8.3M vs $-78.2M）。过去两年MARINEMAX INC的营收复合增速更高（-6.9% vs -11.7%）
MarineMax Inc.是美国头部休闲船舶及游艇零售商，主营全新及二手休闲船艇销售，同时提供船舶维保、金融服务、保险、游艇租赁及航海主题活动等配套服务，覆盖北美市场的私人航海爱好者群体。
OneWater Marine Inc.是美国头部休闲船舶零售企业，主营全新及二手船只、游艇、船舶零配件销售，同时提供船只维修保养、配套融资等服务，通过覆盖北美多州的经销商网络服务个人及商业休闲船艇客户。
HZO vs ONEW — 直观对比
营收规模更大
HZO
是对方的1.3倍
$380.6M
营收增速更快
HZO
高出6.6%
1.3%
净利率更高
HZO
高出0.5%
-2.0%
自由现金流更多
HZO
多$86.6M
$-78.2M
两年增速更快
HZO
近两年复合增速
-11.7%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $505.2M | $380.6M |
| 净利润 | $-7.9M | $-7.7M |
| 毛利率 | 31.8% | 23.5% |
| 营业利润率 | 1.0% | -1.4% |
| 净利率 | -1.6% | -2.0% |
| 营收同比 | 7.8% | 1.3% |
| 净利润同比 | -143.9% | 35.6% |
| 每股收益（稀释后） | $-0.36 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HZOONEW
| Q4 25 | $505.2M | $380.6M | ||
| Q3 25 | $552.2M | $460.1M | ||
| Q2 25 | $657.2M | $552.9M | ||
| Q1 25 | $631.5M | $483.5M | ||
| Q4 24 | $468.5M | $375.8M | ||
| Q3 24 | $563.1M | $377.9M | ||
| Q2 24 | $757.7M | $542.4M | ||
| Q1 24 | $582.9M | $488.3M |
净利润HZOONEW
| Q4 25 | $-7.9M | $-7.7M | ||
| Q3 25 | $-851.0K | $-113.0M | ||
| Q2 25 | $-52.1M | $10.7M | ||
| Q1 25 | $3.3M | $-368.0K | ||
| Q4 24 | $18.1M | $-12.0M | ||
| Q3 24 | $4.0M | $-9.2M | ||
| Q2 24 | $31.6M | $14.7M | ||
| Q1 24 | $1.6M | $-4.0M |
毛利率HZOONEW
| Q4 25 | 31.8% | 23.5% | ||
| Q3 25 | 34.7% | 22.6% | ||
| Q2 25 | 30.4% | 23.3% | ||
| Q1 25 | 30.0% | 22.8% | ||
| Q4 24 | 36.2% | 22.4% | ||
| Q3 24 | 34.3% | 24.0% | ||
| Q2 24 | 32.0% | 24.4% | ||
| Q1 24 | 32.7% | 24.6% |
营业利润率HZOONEW
| Q4 25 | 1.0% | -1.4% | ||
| Q3 25 | 2.5% | -28.3% | ||
| Q2 25 | -6.3% | 5.5% | ||
| Q1 25 | 3.6% | 3.4% | ||
| Q4 24 | 8.3% | -0.5% | ||
| Q3 24 | 4.8% | 1.2% | ||
| Q2 24 | 8.1% | 7.4% | ||
| Q1 24 | 3.7% | 2.8% |
净利率HZOONEW
| Q4 25 | -1.6% | -2.0% | ||
| Q3 25 | -0.2% | -24.5% | ||
| Q2 25 | -7.9% | 1.9% | ||
| Q1 25 | 0.5% | -0.1% | ||
| Q4 24 | 3.9% | -3.2% | ||
| Q3 24 | 0.7% | -2.4% | ||
| Q2 24 | 4.2% | 2.7% | ||
| Q1 24 | 0.3% | -0.8% |
每股收益（稀释后）HZOONEW
| Q4 25 | $-0.36 | — | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $-2.42 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $0.77 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $1.37 | — | ||
| Q1 24 | $0.07 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $164.6M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $932.8M | $277.5M |
| 总资产 | $2.4B | $1.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HZOONEW
| Q4 25 | $164.6M | — | ||
| Q3 25 | $170.4M | — | ||
| Q2 25 | $151.0M | — | ||
| Q1 25 | $203.5M | — | ||
| Q4 24 | $145.0M | — | ||
| Q3 24 | $224.3M | — | ||
| Q2 24 | $242.4M | — | ||
| Q1 24 | $216.7M | — |
总债务HZOONEW
| Q4 25 | — | — | ||
| Q3 25 | $393.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $391.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HZOONEW
| Q4 25 | $932.8M | $277.5M | ||
| Q3 25 | $937.2M | $285.0M | ||
| Q2 25 | $940.5M | $393.2M | ||
| Q1 25 | $993.4M | $381.6M | ||
| Q4 24 | $993.5M | $354.8M | ||
| Q3 24 | $975.8M | $360.8M | ||
| Q2 24 | $967.6M | $368.6M | ||
| Q1 24 | $931.3M | $351.7M |
总资产HZOONEW
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.6B | $1.7B |
负债/权益比HZOONEW
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $16.9M | $-76.3M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | $-78.2M |
| 自由现金流率自由现金流/营收 | 1.7% | -20.6% |
| 资本支出强度资本支出/营收 | 1.7% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $184.7M | $41.6M |
8季度趋势，按日历期对齐
经营现金流HZOONEW
| Q4 25 | $16.9M | $-76.3M | ||
| Q3 25 | $61.5M | $9.9M | ||
| Q2 25 | $84.9M | $90.8M | ||
| Q1 25 | $72.5M | $28.5M | ||
| Q4 24 | $-146.1M | $-37.4M | ||
| Q3 24 | $-782.0K | $27.3M | ||
| Q2 24 | $86.3M | $93.8M | ||
| Q1 24 | $-22.1M | $23.7M |
自由现金流HZOONEW
| Q4 25 | $8.3M | $-78.2M | ||
| Q3 25 | $48.0M | $7.2M | ||
| Q2 25 | $68.5M | $88.9M | ||
| Q1 25 | $59.8M | $23.7M | ||
| Q4 24 | $-164.4M | $-40.0M | ||
| Q3 24 | $-17.5M | $23.2M | ||
| Q2 24 | $71.1M | $86.9M | ||
| Q1 24 | $-37.3M | $13.8M |
自由现金流率HZOONEW
| Q4 25 | 1.7% | -20.6% | ||
| Q3 25 | 8.7% | 1.6% | ||
| Q2 25 | 10.4% | 16.1% | ||
| Q1 25 | 9.5% | 4.9% | ||
| Q4 24 | -35.1% | -10.7% | ||
| Q3 24 | -3.1% | 6.1% | ||
| Q2 24 | 9.4% | 16.0% | ||
| Q1 24 | -6.4% | 2.8% |
资本支出强度HZOONEW
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | 2.4% | 0.6% | ||
| Q2 25 | 2.5% | 0.4% | ||
| Q1 25 | 2.0% | 1.0% | ||
| Q4 24 | 3.9% | 0.7% | ||
| Q3 24 | 3.0% | 1.1% | ||
| Q2 24 | 2.0% | 1.3% | ||
| Q1 24 | 2.6% | 2.0% |
现金转化率HZOONEW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 8.47× | ||
| Q1 25 | 21.97× | — | ||
| Q4 24 | -8.09× | — | ||
| Q3 24 | -0.20× | — | ||
| Q2 24 | 2.74× | 6.39× | ||
| Q1 24 | -13.92× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HZO
暂无分部数据
ONEW
| New Sales | $233.3M | 61% |
| Pre Owned | $70.4M | 19% |
| Service Parts Other | $68.0M | 18% |
| Finance And Insurance Income | $8.9M | 2% |
