vs

Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) 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 $50.4M, roughly 1.3× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 3.7%, a 416.6% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 35.0%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -3.5%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

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.

ARR vs MPX — Head-to-Head

Bigger by revenue
MPX
MPX
1.3× larger
MPX
$64.6M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+262.8% gap
ARR
297.9%
35.0%
MPX
Higher net margin
ARR
ARR
416.6% more per $
ARR
420.2%
3.7%
MPX
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-3.5%
MPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
MPX
MPX
Revenue
$50.4M
$64.6M
Net Profit
$211.7M
$2.4M
Gross Margin
19.6%
Operating Margin
5.8%
Net Margin
420.2%
3.7%
Revenue YoY
297.9%
35.0%
Net Profit YoY
555.9%
-44.6%
EPS (diluted)
$2.43
$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.

Revenue
ARR
ARR
MPX
MPX
Q4 25
$50.4M
$64.6M
Q3 25
$38.5M
$53.1M
Q2 25
$33.1M
$67.7M
Q1 25
$36.3M
$59.0M
Q4 24
$12.7M
$47.8M
Q3 24
$49.9M
Q2 24
$7.0M
$69.5M
Q1 24
$69.3M
Net Profit
ARR
ARR
MPX
MPX
Q4 25
$211.7M
$2.4M
Q3 25
$159.3M
$2.6M
Q2 25
$-75.6M
$4.2M
Q1 25
$27.3M
$2.2M
Q4 24
$-46.4M
$4.3M
Q3 24
$3.4M
Q2 24
$-48.4M
$5.6M
Q1 24
$4.6M
Gross Margin
ARR
ARR
MPX
MPX
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%
Operating Margin
ARR
ARR
MPX
MPX
Q4 25
5.8%
Q3 25
5.4%
Q2 25
7.1%
Q1 25
4.4%
Q4 24
7.7%
Q3 24
7.2%
Q2 24
8.3%
Q1 24
7.6%
Net Margin
ARR
ARR
MPX
MPX
Q4 25
420.2%
3.7%
Q3 25
413.5%
5.0%
Q2 25
-228.4%
6.1%
Q1 25
75.2%
3.7%
Q4 24
-366.8%
8.9%
Q3 24
6.8%
Q2 24
-693.8%
8.0%
Q1 24
6.6%
EPS (diluted)
ARR
ARR
MPX
MPX
Q4 25
$2.43
$0.07
Q3 25
$1.49
$0.07
Q2 25
$-0.94
$0.12
Q1 25
$0.32
$0.06
Q4 24
$-0.91
$0.13
Q3 24
$0.10
Q2 24
$-1.05
$0.14
Q1 24
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARR
ARR
MPX
MPX
Cash + ST InvestmentsLiquidity on hand
$63.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$125.0M
Total Assets
$21.0B
$147.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
MPX
MPX
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q3 24
Q2 24
$126.6M
Q1 24
Stockholders' Equity
ARR
ARR
MPX
MPX
Q4 25
$2.3B
$125.0M
Q3 25
$2.1B
$126.3M
Q2 25
$1.7B
$127.2M
Q1 25
$1.7B
$126.4M
Q4 24
$1.4B
$129.0M
Q3 24
$128.8M
Q2 24
$1.2B
$129.3M
Q1 24
$151.4M
Total Assets
ARR
ARR
MPX
MPX
Q4 25
$21.0B
$147.2M
Q3 25
$19.4B
$179.5M
Q2 25
$16.2B
$173.2M
Q1 25
$15.5B
$182.9M
Q4 24
$13.5B
$171.2M
Q3 24
$176.3M
Q2 24
$10.1B
$175.7M
Q1 24
$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
ARR
ARR
MPX
MPX
Operating Cash FlowLast quarter
$124.2M
$4.7M
Free Cash FlowOCF − Capex
$4.1M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.59×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
MPX
MPX
Q4 25
$124.2M
$4.7M
Q3 25
$-37.8M
$2.6M
Q2 25
$25.0M
$-1.6M
Q1 25
$101.5M
$10.8M
Q4 24
$261.5M
$4.6M
Q3 24
$5.1M
Q2 24
$27.1M
$3.8M
Q1 24
$15.9M
Free Cash Flow
ARR
ARR
MPX
MPX
Q4 25
$4.1M
Q3 25
$2.1M
Q2 25
$-2.0M
Q1 25
$10.7M
Q4 24
$3.6M
Q3 24
$3.2M
Q2 24
$3.0M
Q1 24
$15.0M
FCF Margin
ARR
ARR
MPX
MPX
Q4 25
6.4%
Q3 25
4.0%
Q2 25
-3.0%
Q1 25
18.1%
Q4 24
7.6%
Q3 24
6.5%
Q2 24
4.4%
Q1 24
21.7%
Capex Intensity
ARR
ARR
MPX
MPX
Q4 25
0.9%
Q3 25
0.8%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
2.1%
Q3 24
3.8%
Q2 24
1.1%
Q1 24
1.3%
Cash Conversion
ARR
ARR
MPX
MPX
Q4 25
0.59×
2.00×
Q3 25
-0.24×
0.97×
Q2 25
-0.39×
Q1 25
3.71×
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

ARR
ARR

Segment breakdown not available.

MPX
MPX

Boats And Accessories$63.4M98%
Parts$1.1M2%

Related Comparisons