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Side-by-side financial comparison of GRAIL, Inc. (GRAL) 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 $43.6M, roughly 1.5× GRAIL, Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -227.5%, a 231.1% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 14.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -3.5%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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.
GRAL vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $64.6M |
| Net Profit | $-99.2M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | -285.4% | 5.8% |
| Net Margin | -227.5% | 3.7% |
| Revenue YoY | 14.0% | 35.0% |
| Net Profit YoY | -2.2% | -44.6% |
| EPS (diluted) | $-2.37 | $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 | $43.6M | $64.6M | ||
| Q3 25 | $36.2M | $53.1M | ||
| Q2 25 | $35.5M | $67.7M | ||
| Q1 25 | $31.8M | $59.0M | ||
| Q4 24 | $38.3M | $47.8M | ||
| Q3 24 | $28.7M | $49.9M | ||
| Q2 24 | $32.0M | $69.5M | ||
| Q1 24 | $26.7M | $69.3M |
| Q4 25 | $-99.2M | $2.4M | ||
| Q3 25 | $-89.0M | $2.6M | ||
| Q2 25 | $-114.0M | $4.2M | ||
| Q1 25 | $-106.2M | $2.2M | ||
| Q4 24 | $-97.1M | $4.3M | ||
| Q3 24 | $-125.7M | $3.4M | ||
| Q2 24 | $-1.6B | $5.6M | ||
| Q1 24 | $-218.9M | $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 | -285.4% | 5.8% | ||
| Q3 25 | -346.2% | 5.4% | ||
| Q2 25 | -446.9% | 7.1% | ||
| Q1 25 | -482.5% | 4.4% | ||
| Q4 24 | -358.0% | 7.7% | ||
| Q3 24 | -640.5% | 7.2% | ||
| Q2 24 | -5133.8% | 8.3% | ||
| Q1 24 | -851.1% | 7.6% |
| Q4 25 | -227.5% | 3.7% | ||
| Q3 25 | -245.8% | 5.0% | ||
| Q2 25 | -320.7% | 6.1% | ||
| Q1 25 | -333.6% | 3.7% | ||
| Q4 24 | -253.8% | 8.9% | ||
| Q3 24 | -438.7% | 6.8% | ||
| Q2 24 | -4958.8% | 8.0% | ||
| Q1 24 | -819.3% | 6.6% |
| Q4 25 | $-2.37 | $0.07 | ||
| Q3 25 | $-2.46 | $0.07 | ||
| Q2 25 | $-3.18 | $0.12 | ||
| Q1 25 | $-3.10 | $0.06 | ||
| Q4 24 | $-1.49 | $0.13 | ||
| Q3 24 | $-3.94 | $0.10 | ||
| Q2 24 | $-51.06 | $0.14 | ||
| Q1 24 | $-7.05 | $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 | $249.7M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $125.0M |
| Total Assets | $2.9B | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | — | ||
| Q3 25 | $126.9M | — | ||
| Q2 25 | $127.4M | — | ||
| Q1 25 | $133.9M | — | ||
| Q4 24 | $214.2M | — | ||
| Q3 24 | $853.6M | — | ||
| Q2 24 | $958.8M | — | ||
| Q1 24 | $199.7M | — |
| Q4 25 | $2.6B | $125.0M | ||
| Q3 25 | $2.2B | $126.3M | ||
| Q2 25 | $2.3B | $127.2M | ||
| Q1 25 | $2.4B | $126.4M | ||
| Q4 24 | $2.5B | $129.0M | ||
| Q3 24 | $2.6B | $128.8M | ||
| Q2 24 | $2.7B | $129.3M | ||
| Q1 24 | — | $151.4M |
| Q4 25 | $2.9B | $147.2M | ||
| Q3 25 | $2.6B | $179.5M | ||
| Q2 25 | $2.7B | $173.2M | ||
| Q1 25 | $2.8B | $182.9M | ||
| Q4 24 | $3.0B | $171.2M | ||
| Q3 24 | $3.1B | $176.3M | ||
| Q2 24 | $3.3B | $175.7M | ||
| Q1 24 | — | $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 | $-63.8M | $4.7M |
| Free Cash FlowOCF − Capex | $-63.9M | $4.1M |
| FCF MarginFCF / Revenue | -146.5% | 6.4% |
| Capex IntensityCapex / Revenue | 0.2% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $4.7M | ||
| Q3 25 | $-63.2M | $2.6M | ||
| Q2 25 | $-77.0M | $-1.6M | ||
| Q1 25 | $-95.0M | $10.8M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | $-104.6M | $5.1M | ||
| Q2 24 | $-171.8M | $3.8M | ||
| Q1 24 | $-207.3M | $15.9M |
| Q4 25 | $-63.9M | $4.1M | ||
| Q3 25 | $-63.6M | $2.1M | ||
| Q2 25 | $-77.3M | $-2.0M | ||
| Q1 25 | $-95.1M | $10.7M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $-105.6M | $3.2M | ||
| Q2 24 | $-173.2M | $3.0M | ||
| Q1 24 | $-209.8M | $15.0M |
| Q4 25 | -146.5% | 6.4% | ||
| Q3 25 | -175.8% | 4.0% | ||
| Q2 25 | -217.6% | -3.0% | ||
| Q1 25 | -298.6% | 18.1% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | -368.4% | 6.5% | ||
| Q2 24 | -541.7% | 4.4% | ||
| Q1 24 | -785.3% | 21.7% |
| Q4 25 | 0.2% | 0.9% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 3.4% | 3.8% | ||
| Q2 24 | 4.3% | 1.1% | ||
| Q1 24 | 9.5% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
