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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
Broadstone Net Lease, Inc. is the larger business by last-quarter revenue ($121.4M vs $64.6M, roughly 1.9× MARINE PRODUCTS CORP). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 3.7%, a 34.6% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 11.7%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -3.5%).
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
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.
BNL vs MPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $64.6M |
| Net Profit | $46.4M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | 52.2% | 5.8% |
| Net Margin | 38.2% | 3.7% |
| Revenue YoY | 11.7% | 35.0% |
| Net Profit YoY | — | -44.6% |
| EPS (diluted) | $0.24 | $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.
| Q1 26 | $121.4M | — | ||
| Q4 25 | $118.3M | $64.6M | ||
| Q3 25 | $114.2M | $53.1M | ||
| Q2 25 | $113.0M | $67.7M | ||
| Q1 25 | $108.7M | $59.0M | ||
| Q4 24 | $112.1M | $47.8M | ||
| Q3 24 | $108.4M | $49.9M | ||
| Q2 24 | $105.9M | $69.5M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $2.4M | ||
| Q3 25 | $26.5M | $2.6M | ||
| Q2 25 | $20.2M | $4.2M | ||
| Q1 25 | $16.7M | $2.2M | ||
| Q4 24 | $26.4M | $4.3M | ||
| Q3 24 | $35.6M | $3.4M | ||
| Q2 24 | $35.3M | $5.6M |
| Q1 26 | — | — | ||
| 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 26 | 52.2% | — | ||
| 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 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 3.7% | ||
| Q3 25 | 23.2% | 5.0% | ||
| Q2 25 | 17.8% | 6.1% | ||
| Q1 25 | 15.4% | 3.7% | ||
| Q4 24 | 23.5% | 8.9% | ||
| Q3 24 | 32.8% | 6.8% | ||
| Q2 24 | 33.4% | 8.0% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.07 | ||
| Q3 25 | $0.14 | $0.07 | ||
| Q2 25 | $0.10 | $0.12 | ||
| Q1 25 | $0.09 | $0.06 | ||
| Q4 24 | $0.13 | $0.13 | ||
| Q3 24 | $0.19 | $0.10 | ||
| Q2 24 | $0.19 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $20.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $125.0M |
| Total Assets | $5.8B | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | — | ||
| Q2 25 | $20.8M | — | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $18.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $125.0M | ||
| Q3 25 | $2.9B | $126.3M | ||
| Q2 25 | $2.9B | $127.2M | ||
| Q1 25 | $2.9B | $126.4M | ||
| Q4 24 | $3.0B | $129.0M | ||
| Q3 24 | $3.0B | $128.8M | ||
| Q2 24 | $3.1B | $129.3M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $147.2M | ||
| Q3 25 | $5.5B | $179.5M | ||
| Q2 25 | $5.3B | $173.2M | ||
| Q1 25 | $5.2B | $182.9M | ||
| Q4 24 | $5.2B | $171.2M | ||
| Q3 24 | $5.3B | $176.3M | ||
| Q2 24 | $5.3B | $175.7M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.62× | — |
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 | — | $4.7M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $4.7M | ||
| Q3 25 | $64.2M | $2.6M | ||
| Q2 25 | $79.3M | $-1.6M | ||
| Q1 25 | $71.5M | $10.8M | ||
| Q4 24 | $276.3M | $4.6M | ||
| Q3 24 | $67.3M | $5.1M | ||
| Q2 24 | $74.2M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $4.1M | ||
| Q3 25 | $58.0M | $2.1M | ||
| Q2 25 | $76.7M | $-2.0M | ||
| Q1 25 | $57.1M | $10.7M | ||
| Q4 24 | $259.5M | $3.6M | ||
| Q3 24 | $60.3M | $3.2M | ||
| Q2 24 | $74.0M | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 6.4% | ||
| Q3 25 | 50.8% | 4.0% | ||
| Q2 25 | 67.9% | -3.0% | ||
| Q1 25 | 52.5% | 18.1% | ||
| Q4 24 | 231.4% | 7.6% | ||
| Q3 24 | 55.6% | 6.5% | ||
| Q2 24 | 69.9% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.9% | ||
| Q3 25 | 5.4% | 0.8% | ||
| Q2 25 | 2.3% | 0.6% | ||
| Q1 25 | 13.2% | 0.2% | ||
| Q4 24 | 15.0% | 2.1% | ||
| Q3 24 | 6.5% | 3.8% | ||
| Q2 24 | 0.2% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 2.00× | ||
| Q3 25 | 2.43× | 0.97× | ||
| Q2 25 | 3.93× | -0.39× | ||
| Q1 25 | 4.27× | 4.88× | ||
| Q4 24 | 10.47× | 1.09× | ||
| Q3 24 | 1.89× | 1.51× | ||
| Q2 24 | 2.10× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
