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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $64.6M, roughly 1.2× MARINE PRODUCTS CORP). Ellington Financial Inc. runs the higher net margin — 28.9% vs 3.7%, a 25.2% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 8.7%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs -3.5%).

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

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.

EFC vs MPX — Head-to-Head

Bigger by revenue
EFC
EFC
1.2× larger
EFC
$78.2M
$64.6M
MPX
Growing faster (revenue YoY)
MPX
MPX
+26.3% gap
MPX
35.0%
8.7%
EFC
Higher net margin
EFC
EFC
25.2% more per $
EFC
28.9%
3.7%
MPX
Faster 2-yr revenue CAGR
EFC
EFC
Annualised
EFC
1.8%
-3.5%
MPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
MPX
MPX
Revenue
$78.2M
$64.6M
Net Profit
$22.6M
$2.4M
Gross Margin
19.6%
Operating Margin
7.4%
5.8%
Net Margin
28.9%
3.7%
Revenue YoY
8.7%
35.0%
Net Profit YoY
-26.2%
-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.

Revenue
EFC
EFC
MPX
MPX
Q4 25
$78.2M
$64.6M
Q3 25
$82.8M
$53.1M
Q2 25
$92.5M
$67.7M
Q1 25
$82.9M
$59.0M
Q4 24
$72.0M
$47.8M
Q3 24
$67.0M
$49.9M
Q2 24
$91.2M
$69.5M
Q1 24
$75.5M
$69.3M
Net Profit
EFC
EFC
MPX
MPX
Q4 25
$22.6M
$2.4M
Q3 25
$29.5M
$2.6M
Q2 25
$42.9M
$4.2M
Q1 25
$31.6M
$2.2M
Q4 24
$30.7M
$4.3M
Q3 24
$16.2M
$3.4M
Q2 24
$52.3M
$5.6M
Q1 24
$26.9M
$4.6M
Gross Margin
EFC
EFC
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
EFC
EFC
MPX
MPX
Q4 25
7.4%
5.8%
Q3 25
31.1%
5.4%
Q2 25
38.3%
7.1%
Q1 25
37.3%
4.4%
Q4 24
28.0%
7.7%
Q3 24
24.0%
7.2%
Q2 24
52.8%
8.3%
Q1 24
42.2%
7.6%
Net Margin
EFC
EFC
MPX
MPX
Q4 25
28.9%
3.7%
Q3 25
35.7%
5.0%
Q2 25
46.4%
6.1%
Q1 25
38.2%
3.7%
Q4 24
42.6%
8.9%
Q3 24
24.1%
6.8%
Q2 24
57.4%
8.0%
Q1 24
35.6%
6.6%
EPS (diluted)
EFC
EFC
MPX
MPX
Q4 25
$0.10
$0.07
Q3 25
$0.29
$0.07
Q2 25
$0.45
$0.12
Q1 25
$0.35
$0.06
Q4 24
$0.23
$0.13
Q3 24
$0.19
$0.10
Q2 24
$0.62
$0.14
Q1 24
$0.32
$0.13

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
MPX
MPX
Cash + ST InvestmentsLiquidity on hand
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$125.0M
Total Assets
$19.4B
$147.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
MPX
MPX
Q4 25
$201.9M
Q3 25
$184.8M
Q2 25
$211.0M
Q1 25
$203.3M
Q4 24
$192.4M
Q3 24
$217.7M
Q2 24
$198.5M
Q1 24
$187.5M
Stockholders' Equity
EFC
EFC
MPX
MPX
Q4 25
$1.8B
$125.0M
Q3 25
$1.8B
$126.3M
Q2 25
$1.7B
$127.2M
Q1 25
$1.6B
$126.4M
Q4 24
$1.6B
$129.0M
Q3 24
$1.6B
$128.8M
Q2 24
$1.6B
$129.3M
Q1 24
$1.5B
$151.4M
Total Assets
EFC
EFC
MPX
MPX
Q4 25
$19.4B
$147.2M
Q3 25
$17.8B
$179.5M
Q2 25
$17.1B
$173.2M
Q1 25
$16.6B
$182.9M
Q4 24
$16.3B
$171.2M
Q3 24
$16.0B
$176.3M
Q2 24
$15.1B
$175.7M
Q1 24
$15.1B
$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
EFC
EFC
MPX
MPX
Operating Cash FlowLast quarter
$-925.5M
$4.7M
Free Cash FlowOCF − Capex
$4.1M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.0%
0.9%
Cash ConversionOCF / Net Profit
-40.92×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
MPX
MPX
Q4 25
$-925.5M
$4.7M
Q3 25
$-290.4M
$2.6M
Q2 25
$-210.5M
$-1.6M
Q1 25
$-126.4M
$10.8M
Q4 24
$-430.5M
$4.6M
Q3 24
$-141.7M
$5.1M
Q2 24
$-88.6M
$3.8M
Q1 24
$-59.5M
$15.9M
Free Cash Flow
EFC
EFC
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
EFC
EFC
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
EFC
EFC
MPX
MPX
Q4 25
0.0%
0.9%
Q3 25
0.8%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
0.0%
2.1%
Q3 24
0.0%
3.8%
Q2 24
0.0%
1.1%
Q1 24
0.0%
1.3%
Cash Conversion
EFC
EFC
MPX
MPX
Q4 25
-40.92×
2.00×
Q3 25
-9.84×
0.97×
Q2 25
-4.90×
-0.39×
Q1 25
-3.99×
4.88×
Q4 24
-14.04×
1.09×
Q3 24
-8.76×
1.51×
Q2 24
-1.69×
0.68×
Q1 24
-2.21×
3.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

MPX
MPX

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

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