Arhaus, Inc. (ARHS) vs MarineMax, Inc. (HZO)

Arhaus, Inc. and MarineMax, Inc. are both Specialty Retail companies. Arhaus, Inc. is the larger, with a market value of $1.8B against $1.2B — 1.6× the size. MarineMax, Inc. has negative trailing earnings, so its P/E is not meaningful; Arhaus, Inc. trades at 27.5×. Arhaus, Inc. grew revenue faster over the last twelve months: 5.20% against −6.29%. Arhaus, Inc. has the higher net margin (4.52% vs −0.38%) and the higher return on invested capital (34.4% vs 1.82%). Across the 21 metrics below, Arhaus, Inc. leads on 15 and MarineMax, Inc. on 6.

Valuation

Metric ARHS HZO Specialty Retail median
P/E 27.48 n/m 19.32
P/S 1.27 0.54 0.59
P/B 4.26 1.23 2.19
Price to free cash flow 16.79 6.13 12.81
EV/EBITDA 6.90 16.81 7.94
EV/Sales 1.08 0.91 0.75
Earnings yield 3.64% (0.64%) 4.27%
Free cash flow yield 5.96% 16.32% 3.23%

Profitability

Metric ARHS HZO Specialty Retail median
Gross margin 39.81% 34.85% 36.02%
Operating margin 6.06% 2.37% 4.14%
Net margin 4.52% (0.38%) 2.85%
Free cash flow margin 12.73% 0.00% 2.61%
Return on equity 15.69% (0.87%) 4.17%
Return on assets 4.44% (0.34%) 1.43%
Return on invested capital 34.41% 1.82% 1.82%

Growth

Metric ARHS HZO Specialty Retail median
Revenue growth (TTM) 5.20% (6.29%) 3.53%
EPS growth (last fiscal year) (2.04%) 76.34% 26.01%
Revenue growth, 5-year CAGR 22.14% 0.96% 3.84%
Net income growth, 5-year CAGR 83.47% 0.00% 0.00%

Health

Metric ARHS HZO Specialty Retail median
Debt to equity 0.12 1.03 0.26
Current ratio 1.30 1.19 1.38
Net debt to EBITDA (0.97) 15.86 0.35

Dividend

Metric ARHS HZO Specialty Retail median
Dividend yield 0.00% — 1.27%
Payout ratio 0.00 — 0.26

Size

Metric ARHS HZO Specialty Retail median
Market cap 1.83b 1.16b 569.27m

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