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Side-by-side financial comparison of iQSTEL Inc (IQST) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $64.6M, roughly 1.3× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -3.2%, a 6.9% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -14.9%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -3.5%).
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American 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.
IQST vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $64.6M |
| Net Profit | $-2.7M | $2.4M |
| Gross Margin | 3.5% | 19.6% |
| Operating Margin | -2.9% | 5.8% |
| Net Margin | -3.2% | 3.7% |
| Revenue YoY | -14.9% | 35.0% |
| Net Profit YoY | -44.5% | -44.6% |
| EPS (diluted) | $-0.92 | $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 | $84.2M | $64.6M | ||
| Q3 25 | $102.9M | $53.1M | ||
| Q2 25 | $72.2M | $67.7M | ||
| Q1 25 | $57.6M | $59.0M | ||
| Q4 24 | $98.9M | $47.8M | ||
| Q3 24 | $54.2M | $49.9M | ||
| Q2 24 | $78.6M | $69.5M | ||
| Q1 24 | $51.4M | $69.3M |
| Q4 25 | $-2.7M | $2.4M | ||
| Q3 25 | $-2.3M | $2.6M | ||
| Q2 25 | $-2.3M | $4.2M | ||
| Q1 25 | $-1.1M | $2.2M | ||
| Q4 24 | $-1.9M | $4.3M | ||
| Q3 24 | $-773.0K | $3.4M | ||
| Q2 24 | $-2.0M | $5.6M | ||
| Q1 24 | $-580.2K | $4.6M |
| Q4 25 | 3.5% | 19.6% | ||
| Q3 25 | 2.7% | 19.2% | ||
| Q2 25 | 2.6% | 19.1% | ||
| Q1 25 | 3.4% | 18.6% | ||
| Q4 24 | 2.7% | 19.2% | ||
| Q3 24 | 3.7% | 18.4% | ||
| Q2 24 | 2.8% | 18.9% | ||
| Q1 24 | 2.7% | 20.2% |
| Q4 25 | -2.9% | 5.8% | ||
| Q3 25 | -0.5% | 5.4% | ||
| Q2 25 | -0.9% | 7.1% | ||
| Q1 25 | -1.0% | 4.4% | ||
| Q4 24 | -0.3% | 7.7% | ||
| Q3 24 | -0.1% | 7.2% | ||
| Q2 24 | -0.4% | 8.3% | ||
| Q1 24 | -0.4% | 7.6% |
| Q4 25 | -3.2% | 3.7% | ||
| Q3 25 | -2.3% | 5.0% | ||
| Q2 25 | -3.3% | 6.1% | ||
| Q1 25 | -2.0% | 3.7% | ||
| Q4 24 | -1.9% | 8.9% | ||
| Q3 24 | -1.4% | 6.8% | ||
| Q2 24 | -2.5% | 8.0% | ||
| Q1 24 | -1.1% | 6.6% |
| Q4 25 | $-0.92 | $0.07 | ||
| Q3 25 | $-0.68 | $0.07 | ||
| Q2 25 | $-0.82 | $0.12 | ||
| Q1 25 | $-0.44 | $0.06 | ||
| Q4 24 | $-1.19 | $0.13 | ||
| Q3 24 | $-0.40 | $0.10 | ||
| Q2 24 | $-0.90 | $0.14 | ||
| Q1 24 | $-0.37 | $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 | $2.2M | — |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $125.0M |
| Total Assets | $51.1M | $147.2M |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | — | ||
| Q3 25 | $2.3M | — | ||
| Q2 25 | $2.0M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $797.2K | — | ||
| Q1 24 | $2.7M | — |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | — |
| Q4 25 | $16.3M | $125.0M | ||
| Q3 25 | $17.9M | $126.3M | ||
| Q2 25 | $14.3M | $127.2M | ||
| Q1 25 | $11.6M | $126.4M | ||
| Q4 24 | $11.9M | $129.0M | ||
| Q3 24 | $8.1M | $128.8M | ||
| Q2 24 | $7.6M | $129.3M | ||
| Q1 24 | $8.4M | $151.4M |
| Q4 25 | $51.1M | $147.2M | ||
| Q3 25 | $46.9M | $179.5M | ||
| Q2 25 | $51.4M | $173.2M | ||
| Q1 25 | $42.0M | $182.9M | ||
| Q4 24 | $79.0M | $171.2M | ||
| Q3 24 | $32.4M | $176.3M | ||
| Q2 24 | $30.0M | $175.7M | ||
| Q1 24 | $22.1M | $204.0M |
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.02× | — |
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 | $-1.2M | $4.7M |
| Free Cash FlowOCF − Capex | $-1.2M | $4.1M |
| FCF MarginFCF / Revenue | -1.5% | 6.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $4.7M | ||
| Q3 25 | $-953.0K | $2.6M | ||
| Q2 25 | $257.7K | $-1.6M | ||
| Q1 25 | $-1.9M | $10.8M | ||
| Q4 24 | $-403.7K | $4.6M | ||
| Q3 24 | $625.0K | $5.1M | ||
| Q2 24 | $-2.6M | $3.8M | ||
| Q1 24 | $-536.9K | $15.9M |
| Q4 25 | $-1.2M | $4.1M | ||
| Q3 25 | $-969.2K | $2.1M | ||
| Q2 25 | $211.7K | $-2.0M | ||
| Q1 25 | $-2.0M | $10.7M | ||
| Q4 24 | $-421.3K | $3.6M | ||
| Q3 24 | $594.5K | $3.2M | ||
| Q2 24 | $-2.6M | $3.0M | ||
| Q1 24 | $-608.5K | $15.0M |
| Q4 25 | -1.5% | 6.4% | ||
| Q3 25 | -0.9% | 4.0% | ||
| Q2 25 | 0.3% | -3.0% | ||
| Q1 25 | -3.4% | 18.1% | ||
| Q4 24 | -0.4% | 7.6% | ||
| Q3 24 | 1.1% | 6.5% | ||
| Q2 24 | -3.4% | 4.4% | ||
| Q1 24 | -1.2% | 21.7% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.1% | 0.6% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.1% | 3.8% | ||
| Q2 24 | 0.0% | 1.1% | ||
| Q1 24 | 0.1% | 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
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
