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Side-by-side financial comparison of Golden Matrix Group, Inc. (GMGI) 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 $49.6M, roughly 1.3× Golden Matrix Group, Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -179.0%, a 182.6% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -15.8%). Golden Matrix Group, Inc. produced more free cash flow last quarter ($6.4M vs $4.1M). Over the past eight quarters, Golden Matrix Group, Inc.'s revenue compounded faster (104.6% CAGR vs -3.5%).
Golden Matrix Group Inc. is a global gaming tech firm that develops and licenses proprietary online gaming platforms, social casino products and interactive solutions. It serves B2B gaming operator clients across North America, Europe and Asia-Pacific, plus runs direct-to-consumer casual gaming properties.
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.
GMGI vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.6M | $64.6M |
| Net Profit | $-88.7M | $2.4M |
| Gross Margin | 57.5% | 19.6% |
| Operating Margin | -188.3% | 5.8% |
| Net Margin | -179.0% | 3.7% |
| Revenue YoY | -15.8% | 35.0% |
| Net Profit YoY | -4880.1% | -44.6% |
| EPS (diluted) | $-7.73 | $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 | $49.6M | $64.6M | ||
| Q3 25 | $47.3M | $53.1M | ||
| Q2 25 | $43.2M | $67.7M | ||
| Q1 25 | $42.7M | $59.0M | ||
| Q4 24 | $58.9M | $47.8M | ||
| Q3 24 | $41.0M | $49.9M | ||
| Q2 24 | $39.4M | $69.5M | ||
| Q1 24 | $11.8M | $69.3M |
| Q4 25 | $-88.7M | $2.4M | ||
| Q3 25 | $566.0K | $2.6M | ||
| Q2 25 | $-3.6M | $4.2M | ||
| Q1 25 | $-231.6K | $2.2M | ||
| Q4 24 | $1.9M | $4.3M | ||
| Q3 24 | $-3.4M | $3.4M | ||
| Q2 24 | $64.9K | $5.6M | ||
| Q1 24 | $74.5K | $4.6M |
| Q4 25 | 57.5% | 19.6% | ||
| Q3 25 | 55.8% | 19.2% | ||
| Q2 25 | 56.4% | 19.1% | ||
| Q1 25 | 56.6% | 18.6% | ||
| Q4 24 | 69.8% | 19.2% | ||
| Q3 24 | 54.7% | 18.4% | ||
| Q2 24 | 55.0% | 18.9% | ||
| Q1 24 | 28.5% | 20.2% |
| Q4 25 | -188.3% | 5.8% | ||
| Q3 25 | -0.8% | 5.4% | ||
| Q2 25 | -5.3% | 7.1% | ||
| Q1 25 | -0.2% | 4.4% | ||
| Q4 24 | 5.6% | 7.7% | ||
| Q3 24 | -2.4% | 7.2% | ||
| Q2 24 | 0.3% | 8.3% | ||
| Q1 24 | 2.4% | 7.6% |
| Q4 25 | -179.0% | 3.7% | ||
| Q3 25 | 1.2% | 5.0% | ||
| Q2 25 | -8.3% | 6.1% | ||
| Q1 25 | -0.5% | 3.7% | ||
| Q4 24 | 3.2% | 8.9% | ||
| Q3 24 | -8.3% | 6.8% | ||
| Q2 24 | 0.2% | 8.0% | ||
| Q1 24 | 0.6% | 6.6% |
| Q4 25 | $-7.73 | $0.07 | ||
| Q3 25 | $0.00 | $0.07 | ||
| Q2 25 | $-0.03 | $0.12 | ||
| Q1 25 | $0.00 | $0.06 | ||
| Q4 24 | $-0.13 | $0.13 | ||
| Q3 24 | $-0.03 | $0.10 | ||
| Q2 24 | $0.00 | $0.14 | ||
| Q1 24 | $0.00 | $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 | — | — |
| Stockholders' EquityBook value | $46.5M | $125.0M |
| Total Assets | $118.1M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.5M | $125.0M | ||
| Q3 25 | $123.5M | $126.3M | ||
| Q2 25 | $121.3M | $127.2M | ||
| Q1 25 | $108.5M | $126.4M | ||
| Q4 24 | $105.1M | $129.0M | ||
| Q3 24 | $94.3M | $128.8M | ||
| Q2 24 | $90.4M | $129.3M | ||
| Q1 24 | $32.1M | $151.4M |
| Q4 25 | $118.1M | $147.2M | ||
| Q3 25 | $209.8M | $179.5M | ||
| Q2 25 | $210.3M | $173.2M | ||
| Q1 25 | $214.0M | $182.9M | ||
| Q4 24 | $213.7M | $171.2M | ||
| Q3 24 | $213.5M | $176.3M | ||
| Q2 24 | $191.5M | $175.7M | ||
| Q1 24 | $37.1M | $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 | $8.2M | $4.7M |
| Free Cash FlowOCF − Capex | $6.4M | $4.1M |
| FCF MarginFCF / Revenue | 13.0% | 6.4% |
| Capex IntensityCapex / Revenue | 3.6% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $19.2M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $4.7M | ||
| Q3 25 | $7.0M | $2.6M | ||
| Q2 25 | $2.4M | $-1.6M | ||
| Q1 25 | $7.7M | $10.8M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | $4.8M | $5.1M | ||
| Q2 24 | — | $3.8M | ||
| Q1 24 | $8.2K | $15.9M |
| Q4 25 | $6.4M | $4.1M | ||
| Q3 25 | $6.2M | $2.1M | ||
| Q2 25 | $-89.4K | $-2.0M | ||
| Q1 25 | $6.6M | $10.7M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $2.3M | $3.2M | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | $6.7K | $15.0M |
| Q4 25 | 13.0% | 6.4% | ||
| Q3 25 | 13.1% | 4.0% | ||
| Q2 25 | -0.2% | -3.0% | ||
| Q1 25 | 15.5% | 18.1% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 5.6% | 6.5% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | 0.1% | 21.7% |
| Q4 25 | 3.6% | 0.9% | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 5.7% | 0.6% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 6.0% | 3.8% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | 0.0% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | 12.42× | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | 0.11× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GMGI
| R Kings And CFAC | $43.8M | 88% |
| Other | $5.8M | 12% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
