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Side-by-side financial comparison of C3.ai, Inc. (AI) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $64.6M, roughly 1.2× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -139.3%, a 142.9% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -20.3%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -3.5%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
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.
AI vs MPX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $64.6M |
| Net Profit | $-104.7M | $2.4M |
| Gross Margin | 40.4% | 19.6% |
| Operating Margin | -149.2% | 5.8% |
| Net Margin | -139.3% | 3.7% |
| Revenue YoY | -20.3% | 35.0% |
| Net Profit YoY | -58.7% | -44.6% |
| EPS (diluted) | $-0.75 | $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 | $75.1M | $64.6M | ||
| Q3 25 | $70.3M | $53.1M | ||
| Q2 25 | $108.7M | $67.7M | ||
| Q1 25 | $98.8M | $59.0M | ||
| Q4 24 | $94.3M | $47.8M | ||
| Q3 24 | $87.2M | $49.9M | ||
| Q2 24 | $86.6M | $69.5M | ||
| Q1 24 | $78.4M | $69.3M |
| Q4 25 | $-104.7M | $2.4M | ||
| Q3 25 | $-116.8M | $2.6M | ||
| Q2 25 | $-79.7M | $4.2M | ||
| Q1 25 | $-80.2M | $2.2M | ||
| Q4 24 | $-66.0M | $4.3M | ||
| Q3 24 | $-62.8M | $3.4M | ||
| Q2 24 | $-72.9M | $5.6M | ||
| Q1 24 | $-72.6M | $4.6M |
| Q4 25 | 40.4% | 19.6% | ||
| Q3 25 | 37.6% | 19.2% | ||
| Q2 25 | 62.1% | 19.1% | ||
| Q1 25 | 59.1% | 18.6% | ||
| Q4 24 | 61.3% | 19.2% | ||
| Q3 24 | 59.8% | 18.4% | ||
| Q2 24 | 59.6% | 18.9% | ||
| Q1 24 | 57.8% | 20.2% |
| Q4 25 | -149.2% | 5.8% | ||
| Q3 25 | -177.7% | 5.4% | ||
| Q2 25 | -81.8% | 7.1% | ||
| Q1 25 | -88.7% | 4.4% | ||
| Q4 24 | -79.8% | 7.7% | ||
| Q3 24 | -83.2% | 7.2% | ||
| Q2 24 | -95.1% | 8.3% | ||
| Q1 24 | -105.3% | 7.6% |
| Q4 25 | -139.3% | 3.7% | ||
| Q3 25 | -166.2% | 5.0% | ||
| Q2 25 | -73.3% | 6.1% | ||
| Q1 25 | -81.2% | 3.7% | ||
| Q4 24 | -69.9% | 8.9% | ||
| Q3 24 | -72.0% | 6.8% | ||
| Q2 24 | -84.2% | 8.0% | ||
| Q1 24 | -92.6% | 6.6% |
| Q4 25 | $-0.75 | $0.07 | ||
| Q3 25 | $-0.86 | $0.07 | ||
| Q2 25 | $-0.60 | $0.12 | ||
| Q1 25 | $-0.62 | $0.06 | ||
| Q4 24 | $-0.52 | $0.13 | ||
| Q3 24 | $-0.50 | $0.10 | ||
| Q2 24 | $-0.59 | $0.14 | ||
| Q1 24 | $-0.60 | $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 | $675.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $125.0M |
| Total Assets | $961.3M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | — | ||
| Q3 25 | $711.9M | — | ||
| Q2 25 | $742.7M | — | ||
| Q1 25 | $724.3M | — | ||
| Q4 24 | $730.4M | — | ||
| Q3 24 | $762.5M | — | ||
| Q2 24 | $750.4M | — | ||
| Q1 24 | $723.3M | — |
| Q4 25 | $771.9M | $125.0M | ||
| Q3 25 | $798.8M | $126.3M | ||
| Q2 25 | $838.3M | $127.2M | ||
| Q1 25 | $860.2M | $126.4M | ||
| Q4 24 | $859.0M | $129.0M | ||
| Q3 24 | $874.9M | $128.8M | ||
| Q2 24 | $873.4M | $129.3M | ||
| Q1 24 | $898.0M | $151.4M |
| Q4 25 | $961.3M | $147.2M | ||
| Q3 25 | $968.7M | $179.5M | ||
| Q2 25 | $1.0B | $173.2M | ||
| Q1 25 | $1.1B | $182.9M | ||
| Q4 24 | $1.0B | $171.2M | ||
| Q3 24 | $1.1B | $176.3M | ||
| Q2 24 | $1.0B | $175.7M | ||
| Q1 24 | $1.1B | $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 | $-46.5M | $4.7M |
| Free Cash FlowOCF − Capex | $-46.9M | $4.1M |
| FCF MarginFCF / Revenue | -62.4% | 6.4% |
| Capex IntensityCapex / Revenue | 0.5% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $4.7M | ||
| Q3 25 | $-33.5M | $2.6M | ||
| Q2 25 | $11.3M | $-1.6M | ||
| Q1 25 | $-22.0M | $10.8M | ||
| Q4 24 | $-38.7M | $4.6M | ||
| Q3 24 | $8.0M | $5.1M | ||
| Q2 24 | $21.3M | $3.8M | ||
| Q1 24 | $-39.1M | $15.9M |
| Q4 25 | $-46.9M | $4.1M | ||
| Q3 25 | $-34.3M | $2.1M | ||
| Q2 25 | $10.3M | $-2.0M | ||
| Q1 25 | $-22.4M | $10.7M | ||
| Q4 24 | $-39.5M | $3.6M | ||
| Q3 24 | $7.1M | $3.2M | ||
| Q2 24 | $18.8M | $3.0M | ||
| Q1 24 | $-45.1M | $15.0M |
| Q4 25 | -62.4% | 6.4% | ||
| Q3 25 | -48.8% | 4.0% | ||
| Q2 25 | 9.5% | -3.0% | ||
| Q1 25 | -22.7% | 18.1% | ||
| Q4 24 | -41.9% | 7.6% | ||
| Q3 24 | 8.2% | 6.5% | ||
| Q2 24 | 21.7% | 4.4% | ||
| Q1 24 | -57.6% | 21.7% |
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 0.9% | 0.6% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.1% | 3.8% | ||
| Q2 24 | 2.9% | 1.1% | ||
| Q1 24 | 7.8% | 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
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
