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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $44.9M, roughly 1.4× AbCellera Biologics Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -19.9%, a 23.6% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 35.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs -3.5%).
AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.
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.
ABCL vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $64.6M |
| Net Profit | $-8.9M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | -63.7% | 5.8% |
| Net Margin | -19.9% | 3.7% |
| Revenue YoY | 788.4% | 35.0% |
| Net Profit YoY | 73.9% | -44.6% |
| EPS (diluted) | $-0.03 | $0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.9M | $64.6M | ||
| Q3 25 | $9.0M | $53.1M | ||
| Q2 25 | $17.1M | $67.7M | ||
| Q1 25 | $4.2M | $59.0M | ||
| Q4 24 | $5.0M | $47.8M | ||
| Q3 24 | $6.5M | $49.9M | ||
| Q2 24 | $7.3M | $69.5M | ||
| Q1 24 | $10.0M | $69.3M |
| Q4 25 | $-8.9M | $2.4M | ||
| Q3 25 | $-57.1M | $2.6M | ||
| Q2 25 | $-34.7M | $4.2M | ||
| Q1 25 | $-45.6M | $2.2M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | $-51.1M | $3.4M | ||
| Q2 24 | $-36.9M | $5.6M | ||
| Q1 24 | $-40.6M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | -63.7% | 5.8% | ||
| Q3 25 | -851.8% | 5.4% | ||
| Q2 25 | -290.2% | 7.1% | ||
| Q1 25 | -1479.6% | 4.4% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | -1439.4% | 7.2% | ||
| Q2 24 | -1276.2% | 8.3% | ||
| Q1 24 | -551.5% | 7.6% |
| Q4 25 | -19.9% | 3.7% | ||
| Q3 25 | -637.8% | 5.0% | ||
| Q2 25 | -203.3% | 6.1% | ||
| Q1 25 | -1077.2% | 3.7% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | -785.4% | 6.8% | ||
| Q2 24 | -504.3% | 8.0% | ||
| Q1 24 | -408.0% | 6.6% |
| Q4 25 | $-0.03 | $0.07 | ||
| Q3 25 | $-0.19 | $0.07 | ||
| Q2 25 | $-0.12 | $0.12 | ||
| Q1 25 | $-0.15 | $0.06 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | $-0.17 | $0.10 | ||
| Q2 24 | $-0.13 | $0.14 | ||
| Q1 24 | $-0.14 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $966.9M | $125.0M |
| Total Assets | $1.4B | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | — | ||
| Q3 25 | $83.2M | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | $159.3M | — | ||
| Q4 24 | $156.3M | — | ||
| Q3 24 | $126.6M | — | ||
| Q2 24 | $148.3M | — | ||
| Q1 24 | $123.6M | — |
| Q4 25 | $966.9M | $125.0M | ||
| Q3 25 | $964.0M | $126.3M | ||
| Q2 25 | $1.0B | $127.2M | ||
| Q1 25 | $1.0B | $126.4M | ||
| Q4 24 | $1.1B | $129.0M | ||
| Q3 24 | $1.1B | $128.8M | ||
| Q2 24 | $1.1B | $129.3M | ||
| Q1 24 | $1.1B | $151.4M |
| Q4 25 | $1.4B | $147.2M | ||
| Q3 25 | $1.4B | $179.5M | ||
| Q2 25 | $1.4B | $173.2M | ||
| Q1 25 | $1.3B | $182.9M | ||
| Q4 24 | $1.4B | $171.2M | ||
| Q3 24 | $1.4B | $176.3M | ||
| Q2 24 | $1.4B | $175.7M | ||
| Q1 24 | $1.5B | $204.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $4.7M |
| Free Cash FlowOCF − Capex | $-44.6M | $4.1M |
| FCF MarginFCF / Revenue | -99.4% | 6.4% |
| Capex IntensityCapex / Revenue | 21.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $4.7M | ||
| Q3 25 | $-52.6M | $2.6M | ||
| Q2 25 | $-32.4M | $-1.6M | ||
| Q1 25 | $-11.6M | $10.8M | ||
| Q4 24 | $-108.6M | $4.6M | ||
| Q3 24 | $-28.9M | $5.1M | ||
| Q2 24 | $-30.0M | $3.8M | ||
| Q1 24 | $-41.7M | $15.9M |
| Q4 25 | $-44.6M | $4.1M | ||
| Q3 25 | $-61.5M | $2.1M | ||
| Q2 25 | $-45.8M | $-2.0M | ||
| Q1 25 | $-22.2M | $10.7M | ||
| Q4 24 | $-187.0M | $3.6M | ||
| Q3 24 | $-47.4M | $3.2M | ||
| Q2 24 | $-50.1M | $3.0M | ||
| Q1 24 | $-65.8M | $15.0M |
| Q4 25 | -99.4% | 6.4% | ||
| Q3 25 | -687.0% | 4.0% | ||
| Q2 25 | -267.9% | -3.0% | ||
| Q1 25 | -524.0% | 18.1% | ||
| Q4 24 | -3702.8% | 7.6% | ||
| Q3 24 | -728.4% | 6.5% | ||
| Q2 24 | -683.8% | 4.4% | ||
| Q1 24 | -661.5% | 21.7% |
| Q4 25 | 21.9% | 0.9% | ||
| Q3 25 | 99.7% | 0.8% | ||
| Q2 25 | 78.2% | 0.6% | ||
| Q1 25 | 251.1% | 0.2% | ||
| Q4 24 | 1552.7% | 2.1% | ||
| Q3 24 | 284.6% | 3.8% | ||
| Q2 24 | 274.6% | 1.1% | ||
| Q1 24 | 242.5% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
