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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $64.6M, roughly 1.3× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -15.1%, a 18.8% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 35.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -3.5%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $64.6M |
| Net Profit | $-13.1M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | -2.1% | 5.8% |
| Net Margin | -15.1% | 3.7% |
| Revenue YoY | 87.0% | 35.0% |
| Net Profit YoY | 75.6% | -44.6% |
| EPS (diluted) | — | $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 | $86.6M | $64.6M | ||
| Q3 25 | $57.2M | $53.1M | ||
| Q2 25 | $53.1M | $67.7M | ||
| Q1 25 | $58.0M | $59.0M | ||
| Q4 24 | $46.3M | $47.8M | ||
| Q3 24 | $51.8M | $49.9M | ||
| Q2 24 | $49.5M | $69.5M | ||
| Q1 24 | $50.8M | $69.3M |
| Q4 25 | $-13.1M | $2.4M | ||
| Q3 25 | $-84.1M | $2.6M | ||
| Q2 25 | $-24.4M | $4.2M | ||
| Q1 25 | $1.9M | $2.2M | ||
| Q4 24 | $-53.8M | $4.3M | ||
| Q3 24 | $-72.5M | $3.4M | ||
| Q2 24 | $-6.4M | $5.6M | ||
| Q1 24 | $29.7M | $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 | -2.1% | 5.8% | ||
| Q3 25 | -49.8% | 5.4% | ||
| Q2 25 | -56.7% | 7.1% | ||
| Q1 25 | -23.3% | 4.4% | ||
| Q4 24 | -42.7% | 7.7% | ||
| Q3 24 | -18.4% | 7.2% | ||
| Q2 24 | -30.2% | 8.3% | ||
| Q1 24 | -28.9% | 7.6% |
| Q4 25 | -15.1% | 3.7% | ||
| Q3 25 | -147.0% | 5.0% | ||
| Q2 25 | -45.9% | 6.1% | ||
| Q1 25 | 3.3% | 3.7% | ||
| Q4 24 | -116.1% | 8.9% | ||
| Q3 24 | -140.0% | 6.8% | ||
| Q2 24 | -12.9% | 8.0% | ||
| Q1 24 | 58.4% | 6.6% |
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | $-0.33 | $0.12 | ||
| Q1 25 | $-0.04 | $0.06 | ||
| Q4 24 | $-0.71 | $0.13 | ||
| Q3 24 | $-0.88 | $0.10 | ||
| Q2 24 | $-0.18 | $0.14 | ||
| Q1 24 | $0.18 | $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 | $41.2M | — |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $125.0M |
| Total Assets | $1.2B | $147.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | — | ||
| Q3 25 | $35.8M | — | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $52.8M | — | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $220.6M | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $134.2M | — |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $125.0M | ||
| Q3 25 | $607.2M | $126.3M | ||
| Q2 25 | $685.4M | $127.2M | ||
| Q1 25 | $665.2M | $126.4M | ||
| Q4 24 | $658.4M | $129.0M | ||
| Q3 24 | $707.0M | $128.8M | ||
| Q2 24 | $540.2M | $129.3M | ||
| Q1 24 | $510.9M | $151.4M |
| Q4 25 | $1.2B | $147.2M | ||
| Q3 25 | $1.2B | $179.5M | ||
| Q2 25 | $1.2B | $173.2M | ||
| Q1 25 | $1.2B | $182.9M | ||
| Q4 24 | $1.3B | $171.2M | ||
| Q3 24 | $1.4B | $176.3M | ||
| Q2 24 | $1.3B | $175.7M | ||
| Q1 24 | $1.3B | $204.0M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $4.7M |
| Free Cash FlowOCF − Capex | $-52.2M | $4.1M |
| FCF MarginFCF / Revenue | -60.3% | 6.4% |
| Capex IntensityCapex / Revenue | 0.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $4.7M | ||
| Q3 25 | $-53.5M | $2.6M | ||
| Q2 25 | $-19.9M | $-1.6M | ||
| Q1 25 | $-30.2M | $10.8M | ||
| Q4 24 | $-50.7M | $4.6M | ||
| Q3 24 | $-4.9M | $5.1M | ||
| Q2 24 | $-30.2M | $3.8M | ||
| Q1 24 | $-15.5M | $15.9M |
| Q4 25 | $-52.2M | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | $-20.0M | $-2.0M | ||
| Q1 25 | $-31.0M | $10.7M | ||
| Q4 24 | $-58.2M | $3.6M | ||
| Q3 24 | $-9.4M | $3.2M | ||
| Q2 24 | $-31.2M | $3.0M | ||
| Q1 24 | $-15.7M | $15.0M |
| Q4 25 | -60.3% | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | -37.6% | -3.0% | ||
| Q1 25 | -53.4% | 18.1% | ||
| Q4 24 | -125.7% | 7.6% | ||
| Q3 24 | -18.2% | 6.5% | ||
| Q2 24 | -63.2% | 4.4% | ||
| Q1 24 | -30.9% | 21.7% |
| Q4 25 | 0.9% | 0.9% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 16.3% | 2.1% | ||
| Q3 24 | 8.7% | 3.8% | ||
| Q2 24 | 2.2% | 1.1% | ||
| Q1 24 | 0.4% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | -15.80× | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | -0.52× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
