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.
Revenue
$67.7M
Gross Profit
$12.9M
Operating Profit
$4.8M
Net Profit
$4.2M
Gross Margin
19.1%
Operating Margin
7.1%
Net Margin
6.1%
YoY Growth
-2.7%
EPS
$0.12
MARINE PRODUCTS CORP Q2 FY2025 Financial Summary
MARINE PRODUCTS CORP reported revenue of $67.7M (down 2.7% YoY) for Q2 FY2025, with a net profit of $4.2M (down 25.5% YoY) (6.1% margin). Cost of goods sold was $54.8M, operating expenses totaled $8.1M.
Key Financial Metrics
| Total Revenue | $67.7M |
|---|---|
| Net Profit | $4.2M |
| Gross Margin | 19.1% |
| Operating Margin | 7.1% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
MARINE PRODUCTS CORP Q2 FY2025 revenue of $67.7M breaks down across 2 segments, led by Boats And Accessories at $66.2M (97.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Boats And Accessories | $66.2M | 97.8% |
| Parts | $1.5M | 2.2% |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $244.4M |
| 2024 | $236.6M |
| 2023 | $383.7M |
| 2022 | $381.0M |
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 |