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Side-by-side financial comparison of Envela Corp (ELA) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
Envela Corp is the larger business by last-quarter revenue ($80.5M vs $64.6M, roughly 1.2× MARINE PRODUCTS CORP). Envela Corp runs the higher net margin — 7.4% vs 3.7%, a 3.8% gap on every dollar of revenue. On growth, Envela Corp posted the faster year-over-year revenue change (66.6% vs 35.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-3.7M). Over the past eight quarters, Envela Corp's revenue compounded faster (42.1% CAGR vs -3.5%).
Envela Corporation is a U.S.-based company that provides recommerce services aimed at extending product lifecycles and reducing resource consumption. The company operates through two primary segments: consumer and commercial.
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.
ELA vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.5M | $64.6M |
| Net Profit | $6.0M | $2.4M |
| Gross Margin | 20.5% | 19.6% |
| Operating Margin | 9.4% | 5.8% |
| Net Margin | 7.4% | 3.7% |
| Revenue YoY | 66.6% | 35.0% |
| Net Profit YoY | 274.6% | -44.6% |
| EPS (diluted) | $0.22 | $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 | $80.5M | $64.6M | ||
| Q3 25 | $57.4M | $53.1M | ||
| Q2 25 | $54.9M | $67.7M | ||
| Q1 25 | $48.3M | $59.0M | ||
| Q4 24 | $48.3M | $47.8M | ||
| Q3 24 | $46.9M | $49.9M | ||
| Q2 24 | $45.3M | $69.5M | ||
| Q1 24 | $39.9M | $69.3M |
| Q4 25 | $6.0M | $2.4M | ||
| Q3 25 | $3.4M | $2.6M | ||
| Q2 25 | $2.8M | $4.2M | ||
| Q1 25 | $2.5M | $2.2M | ||
| Q4 24 | $1.6M | $4.3M | ||
| Q3 24 | $1.7M | $3.4M | ||
| Q2 24 | $1.6M | $5.6M | ||
| Q1 24 | $1.9M | $4.6M |
| Q4 25 | 20.5% | 19.6% | ||
| Q3 25 | 22.8% | 19.2% | ||
| Q2 25 | 22.6% | 19.1% | ||
| Q1 25 | 24.8% | 18.6% | ||
| Q4 24 | 23.1% | 19.2% | ||
| Q3 24 | 24.4% | 18.4% | ||
| Q2 24 | 25.1% | 18.9% | ||
| Q1 24 | 25.9% | 20.2% |
| Q4 25 | 9.4% | 5.8% | ||
| Q3 25 | 7.3% | 5.4% | ||
| Q2 25 | 5.9% | 7.1% | ||
| Q1 25 | 6.5% | 4.4% | ||
| Q4 24 | 3.9% | 7.7% | ||
| Q3 24 | 4.3% | 7.2% | ||
| Q2 24 | 4.2% | 8.3% | ||
| Q1 24 | 5.9% | 7.6% |
| Q4 25 | 7.4% | 3.7% | ||
| Q3 25 | 5.8% | 5.0% | ||
| Q2 25 | 5.0% | 6.1% | ||
| Q1 25 | 5.2% | 3.7% | ||
| Q4 24 | 3.3% | 8.9% | ||
| Q3 24 | 3.6% | 6.8% | ||
| Q2 24 | 3.5% | 8.0% | ||
| Q1 24 | 4.8% | 6.6% |
| Q4 25 | $0.22 | $0.07 | ||
| Q3 25 | $0.13 | $0.07 | ||
| Q2 25 | $0.11 | $0.12 | ||
| Q1 25 | $0.10 | $0.06 | ||
| Q4 24 | $0.07 | $0.13 | ||
| Q3 24 | $0.06 | $0.10 | ||
| Q2 24 | $0.06 | $0.14 | ||
| Q1 24 | $0.07 | $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 | — | — |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $67.1M | $125.0M |
| Total Assets | $96.0M | $147.2M |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $19.8M | — |
| Q4 25 | $9.9M | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $13.0M | — | ||
| Q1 25 | $13.2M | — | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $13.8M | — | ||
| Q2 24 | $14.3M | — | ||
| Q1 24 | $14.6M | — |
| Q4 25 | $67.1M | $125.0M | ||
| Q3 25 | $61.1M | $126.3M | ||
| Q2 25 | $57.8M | $127.2M | ||
| Q1 25 | $55.1M | $126.4M | ||
| Q4 24 | $52.7M | $129.0M | ||
| Q3 24 | $51.1M | $128.8M | ||
| Q2 24 | $50.2M | $129.3M | ||
| Q1 24 | $49.3M | $151.4M |
| Q4 25 | $96.0M | $147.2M | ||
| Q3 25 | $90.9M | $179.5M | ||
| Q2 25 | $82.7M | $173.2M | ||
| Q1 25 | $79.7M | $182.9M | ||
| Q4 24 | $77.9M | $171.2M | ||
| Q3 24 | $77.4M | $176.3M | ||
| Q2 24 | $73.8M | $175.7M | ||
| Q1 24 | $74.7M | $204.0M |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.30× | — |
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 | $-3.5M | $4.7M |
| Free Cash FlowOCF − Capex | $-3.7M | $4.1M |
| FCF MarginFCF / Revenue | -4.6% | 6.4% |
| Capex IntensityCapex / Revenue | 0.2% | 0.9% |
| Cash ConversionOCF / Net Profit | -0.59× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $4.7M | ||
| Q3 25 | $2.4M | $2.6M | ||
| Q2 25 | $2.6M | $-1.6M | ||
| Q1 25 | $1.1M | $10.8M | ||
| Q4 24 | $3.7M | $4.6M | ||
| Q3 24 | $3.4M | $5.1M | ||
| Q2 24 | $-789.5K | $3.8M | ||
| Q1 24 | $3.8M | $15.9M |
| Q4 25 | $-3.7M | $4.1M | ||
| Q3 25 | $2.2M | $2.1M | ||
| Q2 25 | $2.1M | $-2.0M | ||
| Q1 25 | $746.6K | $10.7M | ||
| Q4 24 | $3.2M | $3.6M | ||
| Q3 24 | $1.5M | $3.2M | ||
| Q2 24 | $-1.3M | $3.0M | ||
| Q1 24 | $3.3M | $15.0M |
| Q4 25 | -4.6% | 6.4% | ||
| Q3 25 | 3.8% | 4.0% | ||
| Q2 25 | 3.9% | -3.0% | ||
| Q1 25 | 1.5% | 18.1% | ||
| Q4 24 | 6.7% | 7.6% | ||
| Q3 24 | 3.1% | 6.5% | ||
| Q2 24 | -2.9% | 4.4% | ||
| Q1 24 | 8.4% | 21.7% |
| Q4 25 | 0.2% | 0.9% | ||
| Q3 25 | 0.4% | 0.8% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 1.0% | 2.1% | ||
| Q3 24 | 4.2% | 3.8% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 1.1% | 1.3% |
| Q4 25 | -0.59× | 2.00× | ||
| Q3 25 | 0.72× | 0.97× | ||
| Q2 25 | 0.94× | -0.39× | ||
| Q1 25 | 0.45× | 4.88× | ||
| Q4 24 | 2.34× | 1.09× | ||
| Q3 24 | 2.05× | 1.51× | ||
| Q2 24 | -0.50× | 0.68× | ||
| Q1 24 | 1.99× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELA
| Consumer Segment | $67.7M | 84% |
| Commercial Segment | $12.8M | 16% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
