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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.5× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 35.0%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -3.5%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
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.
DX vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $64.6M |
| Net Profit | — | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | — | 5.8% |
| Net Margin | — | 3.7% |
| Revenue YoY | 531.3% | 35.0% |
| Net Profit YoY | — | -44.6% |
| EPS (diluted) | $1.59 | $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 | $43.5M | $64.6M | ||
| Q3 25 | $30.6M | $53.1M | ||
| Q2 25 | $23.1M | $67.7M | ||
| Q1 25 | $17.1M | $59.0M | ||
| Q4 24 | — | $47.8M | ||
| Q3 24 | — | $49.9M | ||
| Q2 24 | — | $69.5M | ||
| Q1 24 | $-3.2M | $69.3M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | $150.4M | $2.6M | ||
| Q2 25 | $-13.6M | $4.2M | ||
| Q1 25 | $-3.1M | $2.2M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | — | $5.6M | ||
| Q1 24 | $40.1M | $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 | — | 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% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | 491.3% | 5.0% | ||
| Q2 25 | -58.8% | 6.1% | ||
| Q1 25 | -18.0% | 3.7% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | -1256.8% | 6.6% |
| Q4 25 | $1.59 | $0.07 | ||
| Q3 25 | $1.08 | $0.07 | ||
| Q2 25 | $-0.14 | $0.12 | ||
| Q1 25 | $-0.06 | $0.06 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | $0.64 | $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 | $531.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $125.0M |
| Total Assets | $17.3B | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | — | ||
| Q3 25 | $491.0M | — | ||
| Q2 25 | $387.5M | — | ||
| Q1 25 | $327.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $295.7M | — |
| Q4 25 | $2.5B | $125.0M | ||
| Q3 25 | $2.0B | $126.3M | ||
| Q2 25 | $1.6B | $127.2M | ||
| Q1 25 | $1.4B | $126.4M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $129.3M | ||
| Q1 24 | $958.5M | $151.4M |
| Q4 25 | $17.3B | $147.2M | ||
| Q3 25 | $14.2B | $179.5M | ||
| Q2 25 | $11.3B | $173.2M | ||
| Q1 25 | $9.0B | $182.9M | ||
| Q4 24 | — | $171.2M | ||
| Q3 24 | — | $176.3M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | $6.3B | $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 | $120.8M | $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.
| Q4 25 | $120.8M | $4.7M | ||
| Q3 25 | $68.3M | $2.6M | ||
| Q2 25 | $31.9M | $-1.6M | ||
| Q1 25 | $6.4M | $10.8M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $3.8M | ||
| Q1 24 | $-17.1M | $15.9M |
| 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 |
| 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% |
| 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% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | 0.45× | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | -0.43× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
