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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.3× First Foundation Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -97.9%, a 101.5% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 35.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -3.5%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $64.6M |
| Net Profit | $-8.0M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | -97.5% | 5.8% |
| Net Margin | -97.9% | 3.7% |
| Revenue YoY | 421.7% | 35.0% |
| Net Profit YoY | 43.0% | -44.6% |
| EPS (diluted) | $-0.09 | $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 | $48.4M | $64.6M | ||
| Q3 25 | $63.6M | $53.1M | ||
| Q2 25 | $51.4M | $67.7M | ||
| Q1 25 | $71.4M | $59.0M | ||
| Q4 24 | $9.3M | $47.8M | ||
| Q3 24 | $9.2M | $49.9M | ||
| Q2 24 | $57.5M | $69.5M | ||
| Q1 24 | $51.1M | $69.3M |
| Q4 25 | $-8.0M | $2.4M | ||
| Q3 25 | $-146.3M | $2.6M | ||
| Q2 25 | $-7.7M | $4.2M | ||
| Q1 25 | $6.9M | $2.2M | ||
| Q4 24 | $-14.1M | $4.3M | ||
| Q3 24 | $-82.2M | $3.4M | ||
| Q2 24 | $3.1M | $5.6M | ||
| Q1 24 | $793.0K | $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 | -97.5% | 5.8% | ||
| Q3 25 | -92.7% | 5.4% | ||
| Q2 25 | -21.1% | 7.1% | ||
| Q1 25 | 8.8% | 4.4% | ||
| Q4 24 | -247.7% | 7.7% | ||
| Q3 24 | -1276.7% | 7.2% | ||
| Q2 24 | 4.6% | 8.3% | ||
| Q1 24 | -0.2% | 7.6% |
| Q4 25 | -97.9% | 3.7% | ||
| Q3 25 | -230.1% | 5.0% | ||
| Q2 25 | -15.0% | 6.1% | ||
| Q1 25 | 9.7% | 3.7% | ||
| Q4 24 | -152.2% | 8.9% | ||
| Q3 24 | -896.9% | 6.8% | ||
| Q2 24 | 5.4% | 8.0% | ||
| Q1 24 | 1.6% | 6.6% |
| Q4 25 | $-0.09 | $0.07 | ||
| Q3 25 | $-1.78 | $0.07 | ||
| Q2 25 | $-0.09 | $0.12 | ||
| Q1 25 | $0.08 | $0.06 | ||
| Q4 24 | $-0.24 | $0.13 | ||
| Q3 24 | $-1.23 | $0.10 | ||
| Q2 24 | $0.05 | $0.14 | ||
| Q1 24 | $0.01 | $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 | $1.6B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $125.0M |
| Total Assets | $11.9B | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $912.6M | $125.0M | ||
| Q3 25 | $917.9M | $126.3M | ||
| Q2 25 | $1.1B | $127.2M | ||
| Q1 25 | $1.1B | $126.4M | ||
| Q4 24 | $1.1B | $129.0M | ||
| Q3 24 | $1.1B | $128.8M | ||
| Q2 24 | $933.2M | $129.3M | ||
| Q1 24 | $928.7M | $151.4M |
| Q4 25 | $11.9B | $147.2M | ||
| Q3 25 | $11.9B | $179.5M | ||
| Q2 25 | $11.6B | $173.2M | ||
| Q1 25 | $12.6B | $182.9M | ||
| Q4 24 | $12.6B | $171.2M | ||
| Q3 24 | $13.4B | $176.3M | ||
| Q2 24 | $13.7B | $175.7M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $4.7M |
| Free Cash FlowOCF − Capex | $-35.2M | $4.1M |
| FCF MarginFCF / Revenue | -72.8% | 6.4% |
| Capex IntensityCapex / Revenue | 6.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $4.7M | ||
| Q3 25 | $9.2M | $2.6M | ||
| Q2 25 | $-16.3M | $-1.6M | ||
| Q1 25 | $-552.0K | $10.8M | ||
| Q4 24 | $-8.7M | $4.6M | ||
| Q3 24 | $14.2M | $5.1M | ||
| Q2 24 | $-9.1M | $3.8M | ||
| Q1 24 | $7.2M | $15.9M |
| Q4 25 | $-35.2M | $4.1M | ||
| Q3 25 | $8.6M | $2.1M | ||
| Q2 25 | $-16.7M | $-2.0M | ||
| Q1 25 | $-2.5M | $10.7M | ||
| Q4 24 | $-11.4M | $3.6M | ||
| Q3 24 | $13.4M | $3.2M | ||
| Q2 24 | $-9.4M | $3.0M | ||
| Q1 24 | $5.9M | $15.0M |
| Q4 25 | -72.8% | 6.4% | ||
| Q3 25 | 13.5% | 4.0% | ||
| Q2 25 | -32.4% | -3.0% | ||
| Q1 25 | -3.5% | 18.1% | ||
| Q4 24 | -123.5% | 7.6% | ||
| Q3 24 | 146.2% | 6.5% | ||
| Q2 24 | -16.3% | 4.4% | ||
| Q1 24 | 11.6% | 21.7% |
| Q4 25 | 6.9% | 0.9% | ||
| Q3 25 | 1.0% | 0.8% | ||
| Q2 25 | 0.8% | 0.6% | ||
| Q1 25 | 2.8% | 0.2% | ||
| Q4 24 | 29.4% | 2.1% | ||
| Q3 24 | 9.0% | 3.8% | ||
| Q2 24 | 0.4% | 1.1% | ||
| Q1 24 | 2.5% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | -0.08× | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | -2.96× | 0.68× | ||
| Q1 24 | 9.09× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
