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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $64.6M, roughly 1.9× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -7.5%, a 11.2% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -4.1%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-2.8M). Over the past eight quarters, NOODLES & Co's revenue compounded faster (-1.2% 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.
Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.
MPX vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $122.1M |
| Net Profit | $2.4M | $-9.2M |
| Gross Margin | 19.6% | — |
| Operating Margin | 5.8% | -5.2% |
| Net Margin | 3.7% | -7.5% |
| Revenue YoY | 35.0% | -4.1% |
| Net Profit YoY | -44.6% | 32.8% |
| EPS (diluted) | $0.07 | $-0.20 |
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 | $122.1M | ||
| Q2 25 | $67.7M | $123.8M | ||
| Q1 25 | $59.0M | — | ||
| Q4 24 | $47.8M | $122.8M | ||
| Q3 24 | $49.9M | $127.4M | ||
| Q2 24 | $69.5M | $121.4M | ||
| Q1 24 | $69.3M | $124.3M |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $2.6M | $-9.2M | ||
| Q2 25 | $4.2M | $-9.1M | ||
| Q1 25 | $2.2M | — | ||
| Q4 24 | $4.3M | $-6.8M | ||
| Q3 24 | $3.4M | $-13.6M | ||
| Q2 24 | $5.6M | $-6.1M | ||
| Q1 24 | $4.6M | $-6.1M |
| 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 | 5.8% | — | ||
| Q3 25 | 5.4% | -5.2% | ||
| Q2 25 | 7.1% | -5.2% | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 7.7% | -3.9% | ||
| Q3 24 | 7.2% | -9.0% | ||
| Q2 24 | 8.3% | -3.4% | ||
| Q1 24 | 7.6% | -3.7% |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 5.0% | -7.5% | ||
| Q2 25 | 6.1% | -7.3% | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 8.9% | -5.5% | ||
| Q3 24 | 6.8% | -10.7% | ||
| Q2 24 | 8.0% | -5.1% | ||
| Q1 24 | 6.6% | -4.9% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.07 | $-0.20 | ||
| Q2 25 | $0.12 | $-0.20 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.13 | $-0.15 | ||
| Q3 24 | $0.10 | $-0.30 | ||
| Q2 24 | $0.14 | $-0.14 | ||
| Q1 24 | $0.13 | $-1.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $125.0M | $-38.9M |
| Total Assets | $147.2M | $280.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $125.0M | — | ||
| Q3 25 | $126.3M | $-38.9M | ||
| Q2 25 | $127.2M | $-13.9M | ||
| Q1 25 | $126.4M | — | ||
| Q4 24 | $129.0M | $3.7M | ||
| Q3 24 | $128.8M | $9.6M | ||
| Q2 24 | $129.3M | $21.9M | ||
| Q1 24 | $151.4M | $27.2M |
| Q4 25 | $147.2M | — | ||
| Q3 25 | $179.5M | $280.6M | ||
| Q2 25 | $173.2M | $319.4M | ||
| Q1 25 | $182.9M | — | ||
| Q4 24 | $171.2M | $340.5M | ||
| Q3 24 | $176.3M | $346.3M | ||
| Q2 24 | $175.7M | $360.4M | ||
| Q1 24 | $204.0M | $368.1M |
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 | $4.7M | $4.3M |
| Free Cash FlowOCF − Capex | $4.1M | $-2.8M |
| FCF MarginFCF / Revenue | 6.4% | -2.3% |
| Capex IntensityCapex / Revenue | 0.9% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | — | ||
| Q3 25 | $2.6M | $4.3M | ||
| Q2 25 | $-1.6M | $4.0M | ||
| Q1 25 | $10.8M | — | ||
| Q4 24 | $4.6M | $5.8M | ||
| Q3 24 | $5.1M | $4.7M | ||
| Q2 24 | $3.8M | $7.0M | ||
| Q1 24 | $15.9M | $164.0K |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.1M | $-2.8M | ||
| Q2 25 | $-2.0M | $1.1M | ||
| Q1 25 | $10.7M | — | ||
| Q4 24 | $3.6M | $-1.3M | ||
| Q3 24 | $3.2M | $-4.5M | ||
| Q2 24 | $3.0M | $-1.6M | ||
| Q1 24 | $15.0M | $-15.2M |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 4.0% | -2.3% | ||
| Q2 25 | -3.0% | 0.9% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 7.6% | -1.1% | ||
| Q3 24 | 6.5% | -3.5% | ||
| Q2 24 | 4.4% | -1.4% | ||
| Q1 24 | 21.7% | -12.2% |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.8% | 5.8% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.1% | 5.8% | ||
| Q3 24 | 3.8% | 7.2% | ||
| Q2 24 | 1.1% | 7.1% | ||
| Q1 24 | 1.3% | 12.3% |
| 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
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
