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Side-by-side financial comparison of LandBridge Co LLC (LB) 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 $56.8M, roughly 1.1× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs 3.7%, a 10.5% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 35.0%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $4.1M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs -3.5%).
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.
LB vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $64.6M |
| Net Profit | $8.1M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | 60.0% | 5.8% |
| Net Margin | 14.2% | 3.7% |
| Revenue YoY | 55.6% | 35.0% |
| Net Profit YoY | -83.7% | -44.6% |
| EPS (diluted) | $0.24 | $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 | $56.8M | $64.6M | ||
| Q3 25 | $50.8M | $53.1M | ||
| Q2 25 | $47.5M | $67.7M | ||
| Q1 25 | $44.0M | $59.0M | ||
| Q4 24 | $36.5M | $47.8M | ||
| Q3 24 | $28.5M | $49.9M | ||
| Q2 24 | $26.0M | $69.5M | ||
| Q1 24 | $19.0M | $69.3M |
| Q4 25 | $8.1M | $2.4M | ||
| Q3 25 | $8.1M | $2.6M | ||
| Q2 25 | $7.5M | $4.2M | ||
| Q1 25 | $6.5M | $2.2M | ||
| Q4 24 | $49.3M | $4.3M | ||
| Q3 24 | $2.7M | $3.4M | ||
| Q2 24 | $-57.7M | $5.6M | ||
| Q1 24 | $10.8M | $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 | 60.0% | 5.8% | ||
| Q3 25 | 60.8% | 5.4% | ||
| Q2 25 | 60.0% | 7.1% | ||
| Q1 25 | 57.0% | 4.4% | ||
| Q4 24 | 49.4% | 7.7% | ||
| Q3 24 | 11.2% | 7.2% | ||
| Q2 24 | -197.4% | 8.3% | ||
| Q1 24 | 71.1% | 7.6% |
| Q4 25 | 14.2% | 3.7% | ||
| Q3 25 | 15.9% | 5.0% | ||
| Q2 25 | 15.8% | 6.1% | ||
| Q1 25 | 14.7% | 3.7% | ||
| Q4 24 | 135.2% | 8.9% | ||
| Q3 24 | 9.3% | 6.8% | ||
| Q2 24 | -222.1% | 8.0% | ||
| Q1 24 | 56.7% | 6.6% |
| Q4 25 | $0.24 | $0.07 | ||
| Q3 25 | $0.26 | $0.07 | ||
| Q2 25 | $0.24 | $0.12 | ||
| Q1 25 | $0.20 | $0.06 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | $-0.04 | $0.10 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $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 | $30.7M | — |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $125.0M |
| Total Assets | $1.4B | $147.2M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | — | ||
| Q3 25 | $28.3M | — | ||
| Q2 25 | $20.3M | — | ||
| Q1 25 | $14.9M | — | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.4M | — | ||
| Q2 24 | $24.6M | — | ||
| Q1 24 | — | — |
| Q4 25 | $570.7M | — | ||
| Q3 25 | $366.1M | — | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $375.5M | — | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | $340.3M | $125.0M | ||
| Q3 25 | $272.0M | $126.3M | ||
| Q2 25 | $266.4M | $127.2M | ||
| Q1 25 | $217.0M | $126.4M | ||
| Q4 24 | $211.8M | $129.0M | ||
| Q3 24 | $97.2M | $128.8M | ||
| Q2 24 | $296.4M | $129.3M | ||
| Q1 24 | $162.3M | $151.4M |
| Q4 25 | $1.4B | $147.2M | ||
| Q3 25 | $1.1B | $179.5M | ||
| Q2 25 | $1.1B | $173.2M | ||
| Q1 25 | $1.0B | $182.9M | ||
| Q4 24 | $1.0B | $171.2M | ||
| Q3 24 | $689.9M | $176.3M | ||
| Q2 24 | $710.5M | $175.7M | ||
| Q1 24 | — | $204.0M |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | — | ||
| 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 | $126.3M | $4.7M |
| Free Cash FlowOCF − Capex | $122.0M | $4.1M |
| FCF MarginFCF / Revenue | 214.9% | 6.4% |
| Capex IntensityCapex / Revenue | 7.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 15.68× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $4.7M | ||
| Q3 25 | $34.9M | $2.6M | ||
| Q2 25 | $37.3M | $-1.6M | ||
| Q1 25 | $15.9M | $10.8M | ||
| Q4 24 | $67.6M | $4.6M | ||
| Q3 24 | $7.5M | $5.1M | ||
| Q2 24 | $16.0M | $3.8M | ||
| Q1 24 | $17.2M | $15.9M |
| Q4 25 | $122.0M | $4.1M | ||
| Q3 25 | $33.7M | $2.1M | ||
| Q2 25 | $36.1M | $-2.0M | ||
| Q1 25 | $15.8M | $10.7M | ||
| Q4 24 | $66.7M | $3.6M | ||
| Q3 24 | $7.1M | $3.2M | ||
| Q2 24 | $15.7M | $3.0M | ||
| Q1 24 | $17.1M | $15.0M |
| Q4 25 | 214.9% | 6.4% | ||
| Q3 25 | 66.3% | 4.0% | ||
| Q2 25 | 75.9% | -3.0% | ||
| Q1 25 | 36.0% | 18.1% | ||
| Q4 24 | 182.6% | 7.6% | ||
| Q3 24 | 25.1% | 6.5% | ||
| Q2 24 | 60.4% | 4.4% | ||
| Q1 24 | 90.1% | 21.7% |
| Q4 25 | 7.5% | 0.9% | ||
| Q3 25 | 2.3% | 0.8% | ||
| Q2 25 | 2.6% | 0.6% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 1.1% | 3.8% | ||
| Q2 24 | 1.4% | 1.1% | ||
| Q1 24 | 0.5% | 1.3% |
| Q4 25 | 15.68× | 2.00× | ||
| Q3 25 | 4.31× | 0.97× | ||
| Q2 25 | 4.98× | -0.39× | ||
| Q1 25 | 2.46× | 4.88× | ||
| Q4 24 | 1.37× | 1.09× | ||
| Q3 24 | 2.80× | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | 1.60× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
