WMAR — Stock Film
STOCK FILMSCENE 1/10WMAR · $12.97
Stock Expert AI presents
WMAR
West Marine, Inc
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
West Marine, Inc. What it actually does.

Retailer of boating supplies and accessories. Offers a wide selection of marine electronics and navigation equipment. Now — the numbers.

on the stock market since 1993
WHERE DOES THE MONEY COME FROM?
90%Stores
StoresDirect-To-Consumer 6%Port Supply 4%
90% of all revenue comes from a single line: Stores.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$703.4M
The net profit left over:
$6.5M
Out of every $100 in sales, $1 stays as net profit.
THE SLICE THAT TURNS INTO PROFIT: 1%

This is an established company with proven profits.

THE SALES TREND
Sales are moving sideways.

No real growth (1% a year).

$675.3M
2012
2013
2015
2016
$703.4M
2016
Cash on hand:
$76.1M
Total debt:
$29.5M
The cash outweighs the debt.

If every debt were paid off today, $46.6M would still be left in the vault — a solid cushion for hard times.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 3 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
The stock has lost its spark0/10
Growth has stalled2/10
Costs eat into the margin4/10
WORTH WATCHING

Revenue Growth: Sales are growing slowly.

1
THE BRIGHT SIDE · 1/1
Strong cash, light debt

There is $76.1M in the vault; even if every debt were paid off, $46.6M would remain.

1
THE RISKS · 1/3
Growth has stalled

Over the last 4 years, sales grew only 1% a year on average. At this size, speeding back up is not easy.

2
THE RISKS · 2/3
The stock has lost its spark

The price action doesn’t yet back an upward turn. Council score: 0/10.

3
THE RISKS · 3/3
Costs eat into the margin

Costs swallow the gains that sales growth brings in. Council score: 4/10.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: earnings execution, the price history.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film