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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 1.5× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs 3.7%, a 2.7% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs -3.5%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs MPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $64.6M |
| Net Profit | $2.7M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | — | 5.8% |
| Net Margin | 6.4% | 3.7% |
| Revenue YoY | — | 35.0% |
| Net Profit YoY | — | -44.6% |
| EPS (diluted) | $0.20 | $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 | $42.7M | — | ||
| Q4 25 | $46.9M | $64.6M | ||
| Q3 25 | $36.7M | $53.1M | ||
| Q2 25 | $25.1M | $67.7M | ||
| Q1 25 | $22.1M | $59.0M | ||
| Q4 24 | $21.1M | $47.8M | ||
| Q3 24 | $20.8M | $49.9M | ||
| Q2 24 | $19.8M | $69.5M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $2.4M | ||
| Q3 25 | $4.9M | $2.6M | ||
| Q2 25 | $4.1M | $4.2M | ||
| Q1 25 | $3.2M | $2.2M | ||
| Q4 24 | $2.8M | $4.3M | ||
| Q3 24 | $3.5M | $3.4M | ||
| Q2 24 | $3.2M | $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 | — | — | ||
| Q4 25 | 11.7% | 5.8% | ||
| Q3 25 | 17.5% | 5.4% | ||
| Q2 25 | 21.7% | 7.1% | ||
| Q1 25 | 20.1% | 4.4% | ||
| Q4 24 | 17.5% | 7.7% | ||
| Q3 24 | 22.2% | 7.2% | ||
| Q2 24 | 21.1% | 8.3% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | 3.7% | ||
| Q3 25 | 13.3% | 5.0% | ||
| Q2 25 | 16.3% | 6.1% | ||
| Q1 25 | 14.4% | 3.7% | ||
| Q4 24 | 13.2% | 8.9% | ||
| Q3 24 | 16.6% | 6.8% | ||
| Q2 24 | 16.1% | 8.0% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $0.07 | ||
| Q3 25 | $0.34 | $0.07 | ||
| Q2 25 | $0.29 | $0.12 | ||
| Q1 25 | $0.23 | $0.06 | ||
| Q4 24 | $0.19 | $0.13 | ||
| Q3 24 | $0.25 | $0.10 | ||
| Q2 24 | $0.24 | $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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $196.6M | $125.0M |
| Total Assets | $899.4M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | — | ||
| Q3 25 | $105.6M | — | ||
| Q2 25 | $90.1M | — | ||
| Q1 25 | $120.3M | — | ||
| Q4 24 | $109.2M | — | ||
| Q3 24 | $85.8M | — | ||
| Q2 24 | $89.0M | — |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $125.0M | ||
| Q3 25 | $187.8M | $126.3M | ||
| Q2 25 | $182.0M | $127.2M | ||
| Q1 25 | $177.4M | $126.4M | ||
| Q4 24 | $173.7M | $129.0M | ||
| Q3 24 | $170.4M | $128.8M | ||
| Q2 24 | $165.8M | $129.3M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $147.2M | ||
| Q3 25 | $899.9M | $179.5M | ||
| Q2 25 | $842.5M | $173.2M | ||
| Q1 25 | $804.1M | $182.9M | ||
| Q4 24 | $746.0M | $171.2M | ||
| Q3 24 | $683.0M | $176.3M | ||
| Q2 24 | $617.8M | $175.7M |
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 | $-28.4M | $4.7M | ||
| Q3 25 | $3.5M | $2.6M | ||
| Q2 25 | $-18.3M | $-1.6M | ||
| Q1 25 | $-21.6M | $10.8M | ||
| Q4 24 | $-15.0M | $4.6M | ||
| Q3 24 | $-9.8M | $5.1M | ||
| Q2 24 | $-7.6M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $4.1M | ||
| Q3 25 | $3.4M | $2.1M | ||
| Q2 25 | $-19.8M | $-2.0M | ||
| Q1 25 | $-23.3M | $10.7M | ||
| Q4 24 | $-16.1M | $3.6M | ||
| Q3 24 | $-13.4M | $3.2M | ||
| Q2 24 | $-7.7M | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | 6.4% | ||
| Q3 25 | 9.4% | 4.0% | ||
| Q2 25 | -79.0% | -3.0% | ||
| Q1 25 | -105.3% | 18.1% | ||
| Q4 24 | -76.0% | 7.6% | ||
| Q3 24 | -64.3% | 6.5% | ||
| Q2 24 | -38.7% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 0.1% | 0.8% | ||
| Q2 25 | 5.8% | 0.6% | ||
| Q1 25 | 7.4% | 0.2% | ||
| Q4 24 | 5.1% | 2.1% | ||
| Q3 24 | 17.2% | 3.8% | ||
| Q2 24 | 0.3% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | 2.00× | ||
| Q3 25 | 0.71× | 0.97× | ||
| Q2 25 | -4.48× | -0.39× | ||
| Q1 25 | -6.78× | 4.88× | ||
| Q4 24 | -5.37× | 1.09× | ||
| Q3 24 | -2.84× | 1.51× | ||
| Q2 24 | -2.39× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
