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MARINE PRODUCTS CORP

MARINE PRODUCTS CORPMPXEarnings & Financial Report

NYSE

West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.

MPX Q3 2025 Key Financial Metrics

Revenue

$53.1M

Gross Profit

$10.2M

Operating Profit

$2.9M

Net Profit

$2.6M

Gross Margin

19.2%

Operating Margin

5.4%

Net Margin

5.0%

YoY Growth

6.6%

EPS

$0.07

Financial Flow

MARINE PRODUCTS CORP Q3 2025 Financial Summary

MARINE PRODUCTS CORP reported revenue of $53.1M for Q3 2025, with a net profit of $2.6M (5.0% margin). Cost of goods sold was $42.9M, operating expenses totaled $7.4M.

Key Financial Metrics

Total Revenue$53.1M
Net Profit$2.6M
Gross Margin19.2%
Operating Margin5.4%
Report PeriodQ3 2025

MARINE PRODUCTS CORP Annual Revenue by Year

MARINE PRODUCTS CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $236.6M).

YearAnnual Revenue
2024$236.6M
2023$383.7M
2022$381.0M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$70.9M$69.3M$69.5M$49.9M$47.8M$59.0M$67.7M$53.1M
YoY Growth-34.7%-41.7%-40.1%-35.9%-32.5%-14.9%-2.7%6.6%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$193.8M$204.0M$175.7M$176.3M$171.2M$182.9M$173.2M$179.5M
Liabilities$42.2M$52.7M$46.5M$47.5M$42.2M$56.5M$46.0M$53.2M
Equity$151.6M$151.4M$129.3M$128.8M$129.0M$126.4M$127.2M$126.3M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$16.7M$15.9M$3.8M$5.1M$4.6M$10.8M$-1.6M$2.6M