MARINE PRODUCTS CORPMPXEarnings & Financial Report
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 Q4 FY2025 Key Financial Metrics
Revenue
$64.6M
Gross Profit
$12.7M
Operating Profit
$3.7M
Net Profit
$2.4M
Gross Margin
19.6%
Operating Margin
5.8%
Net Margin
3.7%
YoY Growth
35.0%
EPS
$0.07
MARINE PRODUCTS CORP Q4 FY2025 Financial Summary
MARINE PRODUCTS CORP reported revenue of $64.6M (up 35.0% YoY) for Q4 FY2025, with a net profit of $2.4M (down 44.6% YoY) (3.7% margin). Cost of goods sold was $51.9M, operating expenses totaled $8.9M.
Key Financial Metrics
| Total Revenue | $64.6M |
|---|---|
| Net Profit | $2.4M |
| Gross Margin | 19.6% |
| Operating Margin | 5.8% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
MARINE PRODUCTS CORP Q4 FY2025 revenue of $64.6M breaks down across 2 segments, led by Boats And Accessories at $63.4M (98.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Boats And Accessories | $63.4M | 98.3% |
| Parts | $1.1M | 1.7% |
MARINE PRODUCTS CORP Revenue by Segment — Quarterly Trend
MARINE PRODUCTS CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Boats And Accessories and Parts) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Boats And Accessories | $63.4M | $52.0M | $66.2M | $57.7M |
| Parts | $1.1M | $1.1M | $1.5M | $1.3M |
MARINE PRODUCTS CORP Annual Revenue by Year
MARINE PRODUCTS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $244.4M).
MARINE PRODUCTS CORP Quarterly Revenue & Net Profit History
MARINE PRODUCTS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $64.6M | +35.0% | $2.4M | 3.7% |
| Q3 FY2025 | $53.1M | +6.6% | $2.6M | 5.0% |
| Q2 FY2025 | $67.7M | -2.7% | $4.2M | 6.1% |
| Q1 FY2025 | $59.0M | -14.9% | $2.2M | 3.7% |
| Q4 FY2024 | $47.8M | -32.5% | $4.3M | 8.9% |
| Q3 FY2024 | $49.9M | -35.9% | $3.4M | 6.8% |
| Q2 FY2024 | $69.5M | -40.1% | $5.6M | 8.0% |
| Q1 FY2024 | $69.3M | -41.7% | $4.6M | 6.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $69.3M | $69.5M | $49.9M | $47.8M | $59.0M | $67.7M | $53.1M | $64.6M |
| YoY Growth | -41.7% | -40.1% | -35.9% | -32.5% | -14.9% | -2.7% | 6.6% | 35.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $204.0M | $175.7M | $176.3M | $171.2M | $182.9M | $173.2M | $179.5M | $147.2M |
| Liabilities | $52.7M | $46.5M | $47.5M | $42.2M | $56.5M | $46.0M | $53.2M | $22.3M |
| Equity | $151.4M | $129.3M | $128.8M | $129.0M | $126.4M | $127.2M | $126.3M | $125.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $15.9M | $3.8M | $5.1M | $4.6M | $10.8M | $-1.6M | $2.6M | $4.7M |