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Side-by-side financial comparison of LifeMD, Inc. (LFMD) 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 $60.2M, roughly 1.1× LifeMD, Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -6.3%, a 10.0% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 13.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-944.4K). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs -3.5%).
SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.
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.
LFMD vs MPX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $60.2M | $64.6M |
| Net Profit | $-3.8M | $2.4M |
| Gross Margin | 87.7% | 19.6% |
| Operating Margin | -3.3% | 5.8% |
| Net Margin | -6.3% | 3.7% |
| Revenue YoY | 13.0% | 35.0% |
| Net Profit YoY | 18.3% | -44.6% |
| EPS (diluted) | — | $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 | — | $64.6M | ||
| Q3 25 | $60.2M | $53.1M | ||
| Q2 25 | $62.7M | $67.7M | ||
| Q1 25 | $64.1M | $59.0M | ||
| Q4 24 | — | $47.8M | ||
| Q3 24 | $53.3M | $49.9M | ||
| Q2 24 | $50.7M | $69.5M | ||
| Q1 24 | $44.1M | $69.3M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | $-3.8M | $2.6M | ||
| Q2 25 | $-1.6M | $4.2M | ||
| Q1 25 | $-183.8K | $2.2M | ||
| Q4 24 | — | $4.3M | ||
| Q3 24 | $-4.7M | $3.4M | ||
| Q2 24 | $-6.9M | $5.6M | ||
| Q1 24 | $-6.8M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | 87.7% | 19.2% | ||
| Q2 25 | 88.1% | 19.1% | ||
| Q1 25 | 86.5% | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | 90.6% | 18.4% | ||
| Q2 24 | 90.1% | 18.9% | ||
| Q1 24 | 89.6% | 20.2% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | -3.3% | 5.4% | ||
| Q2 25 | -0.7% | 7.1% | ||
| Q1 25 | 1.5% | 4.4% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | -7.5% | 7.2% | ||
| Q2 24 | -12.4% | 8.3% | ||
| Q1 24 | -14.0% | 7.6% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | -6.3% | 5.0% | ||
| Q2 25 | -2.6% | 6.1% | ||
| Q1 25 | -0.3% | 3.7% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | -8.7% | 6.8% | ||
| Q2 24 | -13.6% | 8.0% | ||
| Q1 24 | -15.3% | 6.6% |
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | $-0.05 | $0.12 | ||
| Q1 25 | $-0.02 | $0.06 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | $-0.13 | $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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $125.0M |
| Total Assets | $66.0M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $36.2M | — | ||
| Q1 25 | $34.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $37.6M | — | ||
| Q2 24 | $35.7M | — | ||
| Q1 24 | $35.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $15.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $125.0M | ||
| Q3 25 | $1.3M | $126.3M | ||
| Q2 25 | $-1.8M | $127.2M | ||
| Q1 25 | $-2.3M | $126.4M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | $-7.7M | $128.8M | ||
| Q2 24 | $-4.2M | $129.3M | ||
| Q1 24 | $-845.3K | $151.4M |
| Q4 25 | — | $147.2M | ||
| Q3 25 | $66.0M | $179.5M | ||
| Q2 25 | $73.6M | $173.2M | ||
| Q1 25 | $73.6M | $182.9M | ||
| Q4 24 | — | $171.2M | ||
| Q3 24 | $72.6M | $176.3M | ||
| Q2 24 | $63.8M | $175.7M | ||
| Q1 24 | $61.5M | $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 | $-147.1K | $4.7M |
| Free Cash FlowOCF − Capex | $-944.4K | $4.1M |
| FCF MarginFCF / Revenue | -1.6% | 6.4% |
| Capex IntensityCapex / Revenue | 1.3% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.7M | ||
| Q3 25 | $-147.1K | $2.6M | ||
| Q2 25 | $8.6M | $-1.6M | ||
| Q1 25 | $3.1M | $10.8M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | $6.7M | $5.1M | ||
| Q2 24 | $4.5M | $3.8M | ||
| Q1 24 | $5.2M | $15.9M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | $-944.4K | $2.1M | ||
| Q2 25 | $7.8M | $-2.0M | ||
| Q1 25 | $2.9M | $10.7M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $6.3M | $3.2M | ||
| Q2 24 | $3.9M | $3.0M | ||
| Q1 24 | $5.0M | $15.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | -1.6% | 4.0% | ||
| Q2 25 | 12.5% | -3.0% | ||
| Q1 25 | 4.6% | 18.1% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 11.7% | 6.5% | ||
| Q2 24 | 7.7% | 4.4% | ||
| Q1 24 | 11.4% | 21.7% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 1.3% | 0.6% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 0.8% | 3.8% | ||
| Q2 24 | 1.3% | 1.1% | ||
| Q1 24 | 0.4% | 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
LFMD
| Telehealth Subscription Revenue | $27.3M | 45% |
| Telehealth | $20.0M | 33% |
| Work Simpli Revenue | $12.9M | 21% |
| Product And Services | $2.5M | 4% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
