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Side-by-side financial comparison of AerSale Corp (ASLE) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $64.6M, roughly 1.4× MARINE PRODUCTS CORP). AerSale Corp runs the higher net margin — 5.9% vs 3.7%, a 2.3% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $4.1M). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% CAGR vs -3.5%).
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
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.
ASLE vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $64.6M |
| Net Profit | $5.4M | $2.4M |
| Gross Margin | 34.1% | 19.6% |
| Operating Margin | 7.8% | 5.8% |
| Net Margin | 5.9% | 3.7% |
| Revenue YoY | -4.0% | 35.0% |
| Net Profit YoY | 99.7% | -44.6% |
| EPS (diluted) | $0.10 | $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 | $90.9M | $64.6M | ||
| Q3 25 | $71.2M | $53.1M | ||
| Q2 25 | $107.4M | $67.7M | ||
| Q1 25 | $65.8M | $59.0M | ||
| Q4 24 | $94.7M | $47.8M | ||
| Q3 24 | $82.7M | $49.9M | ||
| Q2 24 | $77.1M | $69.5M | ||
| Q1 24 | $90.5M | $69.3M |
| Q4 25 | $5.4M | $2.4M | ||
| Q3 25 | $-120.0K | $2.6M | ||
| Q2 25 | $8.6M | $4.2M | ||
| Q1 25 | $-5.3M | $2.2M | ||
| Q4 24 | $2.7M | $4.3M | ||
| Q3 24 | $509.0K | $3.4M | ||
| Q2 24 | $-3.6M | $5.6M | ||
| Q1 24 | $6.3M | $4.6M |
| Q4 25 | 34.1% | 19.6% | ||
| Q3 25 | 30.2% | 19.2% | ||
| Q2 25 | 32.9% | 19.1% | ||
| Q1 25 | 27.3% | 18.6% | ||
| Q4 24 | 31.4% | 19.2% | ||
| Q3 24 | 28.6% | 18.4% | ||
| Q2 24 | 28.2% | 18.9% | ||
| Q1 24 | 31.8% | 20.2% |
| Q4 25 | 7.8% | 5.8% | ||
| Q3 25 | 4.0% | 5.4% | ||
| Q2 25 | 11.7% | 7.1% | ||
| Q1 25 | -10.1% | 4.4% | ||
| Q4 24 | 5.2% | 7.7% | ||
| Q3 24 | 2.4% | 7.2% | ||
| Q2 24 | -2.4% | 8.3% | ||
| Q1 24 | 5.2% | 7.6% |
| Q4 25 | 5.9% | 3.7% | ||
| Q3 25 | -0.2% | 5.0% | ||
| Q2 25 | 8.0% | 6.1% | ||
| Q1 25 | -8.0% | 3.7% | ||
| Q4 24 | 2.9% | 8.9% | ||
| Q3 24 | 0.6% | 6.8% | ||
| Q2 24 | -4.7% | 8.0% | ||
| Q1 24 | 6.9% | 6.6% |
| Q4 25 | $0.10 | $0.07 | ||
| Q3 25 | $0.00 | $0.07 | ||
| Q2 25 | $0.18 | $0.12 | ||
| Q1 25 | $-0.10 | $0.06 | ||
| Q4 24 | $0.05 | $0.13 | ||
| Q3 24 | $0.01 | $0.10 | ||
| Q2 24 | $-0.07 | $0.14 | ||
| Q1 24 | $0.12 | $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 | $4.4M | — |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $424.4M | $125.0M |
| Total Assets | $640.5M | $147.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $5.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $907.0K | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $376.0K | — | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | $424.4M | $125.0M | ||
| Q3 25 | $417.1M | $126.3M | ||
| Q2 25 | $415.9M | $127.2M | ||
| Q1 25 | $406.5M | $126.4M | ||
| Q4 24 | $455.6M | $129.0M | ||
| Q3 24 | $451.5M | $128.8M | ||
| Q2 24 | $449.8M | $129.3M | ||
| Q1 24 | $452.0M | $151.4M |
| Q4 25 | $640.5M | $147.2M | ||
| Q3 25 | $646.3M | $179.5M | ||
| Q2 25 | $646.7M | $173.2M | ||
| Q1 25 | $646.1M | $182.9M | ||
| Q4 24 | $604.7M | $171.2M | ||
| Q3 24 | $601.5M | $176.3M | ||
| Q2 24 | $598.7M | $175.7M | ||
| Q1 24 | $571.7M | $204.0M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.01× | — |
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 | $11.4M | $4.7M |
| Free Cash FlowOCF − Capex | $9.8M | $4.1M |
| FCF MarginFCF / Revenue | 10.8% | 6.4% |
| Capex IntensityCapex / Revenue | 1.7% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.11× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $4.7M | ||
| Q3 25 | $-8.9M | $2.6M | ||
| Q2 25 | $19.8M | $-1.6M | ||
| Q1 25 | $-45.2M | $10.8M | ||
| Q4 24 | $37.5M | $4.6M | ||
| Q3 24 | $10.4M | $5.1M | ||
| Q2 24 | $-15.3M | $3.8M | ||
| Q1 24 | $-21.5M | $15.9M |
| Q4 25 | $9.8M | $4.1M | ||
| Q3 25 | $-9.8M | $2.1M | ||
| Q2 25 | $18.6M | $-2.0M | ||
| Q1 25 | $-47.6M | $10.7M | ||
| Q4 24 | $32.3M | $3.6M | ||
| Q3 24 | $8.9M | $3.2M | ||
| Q2 24 | $-18.9M | $3.0M | ||
| Q1 24 | $-25.0M | $15.0M |
| Q4 25 | 10.8% | 6.4% | ||
| Q3 25 | -13.8% | 4.0% | ||
| Q2 25 | 17.3% | -3.0% | ||
| Q1 25 | -72.4% | 18.1% | ||
| Q4 24 | 34.0% | 7.6% | ||
| Q3 24 | 10.7% | 6.5% | ||
| Q2 24 | -24.6% | 4.4% | ||
| Q1 24 | -27.7% | 21.7% |
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 3.7% | 0.2% | ||
| Q4 24 | 5.6% | 2.1% | ||
| Q3 24 | 1.9% | 3.8% | ||
| Q2 24 | 4.7% | 1.1% | ||
| Q1 24 | 3.9% | 1.3% |
| Q4 25 | 2.11× | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | 2.31× | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 13.89× | 1.09× | ||
| Q3 24 | 20.52× | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | -3.42× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
