Does MARINEMAX INC have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores MARINEMAX INC (HZO) 32.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 39, returns on capital 27, balance-sheet safety 0, capital discipline 64.

Is HZO stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $55.52 per share versus a recent price of $34.52 — 38% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has HZO's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 32.4 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

MARINEMAX INC

HZO · Consumer Discretionary · $754.9M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power39

Median gross margin 29.2% over 10y, stable.

Returns on capital27

Median ROIC 7.9%, above the 9% hurdle in 40% of years.

Balance-sheet safety0

Net debt/EBITDA 11.2x, interest coverage 0x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

38% below value

Owner earnings (normalized): $109.3M
Est. intrinsic value / share: $55.52
Recent price: $34.52
Discount to value: 38% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for HZO yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — HZO has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#257 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#255GTCH GBT TECHNOLOGIES INC.32.5 out of 100, No moatNo moat
#256FNKO FUNKO, INC.32.5 out of 100, No moatNo moat
#258LBRA 1847 HOLDINGS LLC32.4 out of 100, No moatNo moat
#259GTIM Good Times Restaurants Inc.31.8 out of 100, No moatNo moat

Compare HZO with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about HZO

Does MARINEMAX INC have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores MARINEMAX INC (HZO) 32.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 39, returns on capital 27, balance-sheet safety 0, capital discipline 64.
Is HZO stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $55.52 per share versus a recent price of $34.52 — 38% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has HZO's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 32.4 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell HZO. See the disclaimer.