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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) 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 $63.5M, roughly 1.0× HORIZON BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs 3.7%, a 38.7% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 19.5%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $4.1M). Over the past eight quarters, HORIZON BANCORP INC's revenue compounded faster (9.2% CAGR vs -3.5%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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.
HBNC vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $63.5M | $64.6M |
| Net Profit | $26.9M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | 51.5% | 5.8% |
| Net Margin | 42.4% | 3.7% |
| Revenue YoY | 19.5% | 35.0% |
| Net Profit YoY | 347.4% | -44.6% |
| EPS (diluted) | $0.44 | $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 | $63.5M | $64.6M | ||
| Q3 25 | $58.4M | $53.1M | ||
| Q2 25 | $66.3M | $67.7M | ||
| Q1 25 | $68.8M | $59.0M | ||
| Q4 24 | $53.1M | $47.8M | ||
| Q3 24 | $58.4M | $49.9M | ||
| Q2 24 | $55.8M | $69.5M | ||
| Q1 24 | $53.2M | $69.3M |
| Q4 25 | $26.9M | $2.4M | ||
| Q3 25 | $-222.0M | $2.6M | ||
| Q2 25 | $20.6M | $4.2M | ||
| Q1 25 | $23.9M | $2.2M | ||
| Q4 24 | $-10.9M | $4.3M | ||
| Q3 24 | $18.2M | $3.4M | ||
| Q2 24 | $14.1M | $5.6M | ||
| Q1 24 | $14.0M | $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 | 51.5% | 5.8% | ||
| Q3 25 | -490.4% | 5.4% | ||
| Q2 25 | 36.8% | 7.1% | ||
| Q1 25 | 40.8% | 4.4% | ||
| Q4 24 | -41.3% | 7.7% | ||
| Q3 24 | 31.0% | 7.2% | ||
| Q2 24 | 28.5% | 8.3% | ||
| Q1 24 | 28.8% | 7.6% |
| Q4 25 | 42.4% | 3.7% | ||
| Q3 25 | -380.2% | 5.0% | ||
| Q2 25 | 31.1% | 6.1% | ||
| Q1 25 | 34.8% | 3.7% | ||
| Q4 24 | -20.5% | 8.9% | ||
| Q3 24 | 31.1% | 6.8% | ||
| Q2 24 | 25.4% | 8.0% | ||
| Q1 24 | 26.3% | 6.6% |
| Q4 25 | $0.44 | $0.07 | ||
| Q3 25 | $-4.69 | $0.07 | ||
| Q2 25 | $0.47 | $0.12 | ||
| Q1 25 | $0.54 | $0.06 | ||
| Q4 24 | $-0.25 | $0.13 | ||
| Q3 24 | $0.41 | $0.10 | ||
| Q2 24 | $0.32 | $0.14 | ||
| Q1 24 | $0.32 | $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 | $139.5M | — |
| Total DebtLower is stronger | $248.6M | — |
| Stockholders' EquityBook value | $688.3M | $125.0M |
| Total Assets | $6.4B | $147.2M |
| Debt / EquityLower = less leverage | 0.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.5M | — | ||
| Q3 25 | $458.3M | — | ||
| Q2 25 | $137.9M | — | ||
| Q1 25 | $169.7M | — | ||
| Q4 24 | $293.4M | — | ||
| Q3 24 | $234.8M | — | ||
| Q2 24 | $146.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $248.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $688.3M | $125.0M | ||
| Q3 25 | $660.8M | $126.3M | ||
| Q2 25 | $790.9M | $127.2M | ||
| Q1 25 | $776.1M | $126.4M | ||
| Q4 24 | $763.6M | $129.0M | ||
| Q3 24 | $754.8M | $128.8M | ||
| Q2 24 | $726.7M | $129.3M | ||
| Q1 24 | $721.3M | $151.4M |
| Q4 25 | $6.4B | $147.2M | ||
| Q3 25 | $6.7B | $179.5M | ||
| Q2 25 | $7.7B | $173.2M | ||
| Q1 25 | $7.6B | $182.9M | ||
| Q4 24 | $7.8B | $171.2M | ||
| Q3 24 | $7.9B | $176.3M | ||
| Q2 24 | $7.9B | $175.7M | ||
| Q1 24 | $7.9B | $204.0M |
| Q4 25 | 0.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $79.2M | $4.7M |
| Free Cash FlowOCF − Capex | $74.3M | $4.1M |
| FCF MarginFCF / Revenue | 117.0% | 6.4% |
| Capex IntensityCapex / Revenue | 7.8% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.94× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $115.9M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.2M | $4.7M | ||
| Q3 25 | $10.9M | $2.6M | ||
| Q2 25 | $19.5M | $-1.6M | ||
| Q1 25 | $15.2M | $10.8M | ||
| Q4 24 | $6.4M | $4.6M | ||
| Q3 24 | $32.3M | $5.1M | ||
| Q2 24 | $15.9M | $3.8M | ||
| Q1 24 | $6.5M | $15.9M |
| Q4 25 | $74.3M | $4.1M | ||
| Q3 25 | $9.4M | $2.1M | ||
| Q2 25 | $18.1M | $-2.0M | ||
| Q1 25 | $14.1M | $10.7M | ||
| Q4 24 | $1.3M | $3.6M | ||
| Q3 24 | $31.0M | $3.2M | ||
| Q2 24 | $15.1M | $3.0M | ||
| Q1 24 | $5.4M | $15.0M |
| Q4 25 | 117.0% | 6.4% | ||
| Q3 25 | 16.1% | 4.0% | ||
| Q2 25 | 27.3% | -3.0% | ||
| Q1 25 | 20.5% | 18.1% | ||
| Q4 24 | 2.4% | 7.6% | ||
| Q3 24 | 53.1% | 6.5% | ||
| Q2 24 | 27.1% | 4.4% | ||
| Q1 24 | 10.1% | 21.7% |
| Q4 25 | 7.8% | 0.9% | ||
| Q3 25 | 2.6% | 0.8% | ||
| Q2 25 | 2.1% | 0.6% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 9.6% | 2.1% | ||
| Q3 24 | 2.2% | 3.8% | ||
| Q2 24 | 1.5% | 1.1% | ||
| Q1 24 | 2.2% | 1.3% |
| Q4 25 | 2.94× | 2.00× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | 0.94× | -0.39× | ||
| Q1 25 | 0.64× | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | 1.78× | 1.51× | ||
| Q2 24 | 1.13× | 0.68× | ||
| Q1 24 | 0.47× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HBNC
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
