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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
Lulu's Fashion Lounge Holdings, Inc. is the larger business by last-quarter revenue ($66.1M vs $64.6M, roughly 1.0× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -48.2%, a 51.9% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -11.8%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-2.6M). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -14.7%).
Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.
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.
LVLU vs MPX — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $64.6M |
| Net Profit | $-31.9M | $2.4M |
| Gross Margin | 37.9% | 19.6% |
| Operating Margin | -52.8% | 5.8% |
| Net Margin | -48.2% | 3.7% |
| Revenue YoY | -11.8% | 35.0% |
| Net Profit YoY | -340.9% | -44.6% |
| EPS (diluted) | $-13.46 | $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 | — | $53.1M | ||
| Q2 25 | — | $67.7M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | $66.1M | $47.8M | ||
| Q3 24 | $80.5M | $49.9M | ||
| Q2 24 | $92.0M | $69.5M | ||
| Q1 24 | $77.3M | $69.3M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | $4.2M | ||
| Q1 25 | — | $2.2M | ||
| Q4 24 | $-31.9M | $4.3M | ||
| Q3 24 | $-6.9M | $3.4M | ||
| Q2 24 | $-10.8M | $5.6M | ||
| Q1 24 | $-5.7M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | 37.9% | 19.2% | ||
| Q3 24 | 38.1% | 18.4% | ||
| Q2 24 | 45.5% | 18.9% | ||
| Q1 24 | 42.3% | 20.2% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | -52.8% | 7.7% | ||
| Q3 24 | -8.5% | 7.2% | ||
| Q2 24 | -4.9% | 8.3% | ||
| Q1 24 | -8.0% | 7.6% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -48.2% | 8.9% | ||
| Q3 24 | -8.5% | 6.8% | ||
| Q2 24 | -11.7% | 8.0% | ||
| Q1 24 | -7.4% | 6.6% |
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | $-13.46 | $0.13 | ||
| Q3 24 | $-2.47 | $0.10 | ||
| Q2 24 | $-3.92 | $0.14 | ||
| Q1 24 | $-0.15 | $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 | $4.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $13.4M | $125.0M |
| Total Assets | $108.2M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $6.3M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $5.5M | — |
| Q4 25 | — | $125.0M | ||
| Q3 25 | — | $126.3M | ||
| Q2 25 | — | $127.2M | ||
| Q1 25 | — | $126.4M | ||
| Q4 24 | $13.4M | $129.0M | ||
| Q3 24 | $43.8M | $128.8M | ||
| Q2 24 | $48.7M | $129.3M | ||
| Q1 24 | $57.7M | $151.4M |
| Q4 25 | — | $147.2M | ||
| Q3 25 | — | $179.5M | ||
| Q2 25 | — | $173.2M | ||
| Q1 25 | — | $182.9M | ||
| Q4 24 | $108.2M | $171.2M | ||
| Q3 24 | $153.5M | $176.3M | ||
| Q2 24 | $145.3M | $175.7M | ||
| Q1 24 | $160.6M | $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 | $-2.5M | $4.7M |
| Free Cash FlowOCF − Capex | $-2.6M | $4.1M |
| FCF MarginFCF / Revenue | -3.9% | 6.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.7M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | $-1.6M | ||
| Q1 25 | — | $10.8M | ||
| Q4 24 | $-2.5M | $4.6M | ||
| Q3 24 | $-5.5M | $5.1M | ||
| Q2 24 | $3.7M | $3.8M | ||
| Q1 24 | $6.9M | $15.9M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | $-2.6M | $3.6M | ||
| Q3 24 | $-5.9M | $3.2M | ||
| Q2 24 | $3.4M | $3.0M | ||
| Q1 24 | $6.4M | $15.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | -3.9% | 7.6% | ||
| Q3 24 | -7.3% | 6.5% | ||
| Q2 24 | 3.7% | 4.4% | ||
| Q1 24 | 8.3% | 21.7% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.5% | 3.8% | ||
| Q2 24 | 0.4% | 1.1% | ||
| Q1 24 | 0.7% | 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
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
