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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and NELNET INC (NNI). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $33.5M, roughly 1.9× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs 3.7%, a 168.6% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 35.0%). NELNET INC produced more free cash flow last quarter ($396.7M vs $4.1M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% 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.
Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
MPX vs NNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $33.5M |
| Net Profit | $2.4M | $57.8M |
| Gross Margin | 19.6% | 50.5% |
| Operating Margin | 5.8% | — |
| Net Margin | 3.7% | 172.3% |
| Revenue YoY | 35.0% | 79.6% |
| Net Profit YoY | -44.6% | -8.5% |
| EPS (diluted) | $0.07 | $1.62 |
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 | $33.5M | ||
| Q3 25 | $53.1M | $23.2M | ||
| Q2 25 | $67.7M | $26.1M | ||
| Q1 25 | $59.0M | $24.7M | ||
| Q4 24 | $47.8M | $18.7M | ||
| Q3 24 | $49.9M | $16.6M | ||
| Q2 24 | $69.5M | $14.9M | ||
| Q1 24 | $69.3M | $12.8M |
| Q4 25 | $2.4M | $57.8M | ||
| Q3 25 | $2.6M | $106.7M | ||
| Q2 25 | $4.2M | $181.5M | ||
| Q1 25 | $2.2M | $82.6M | ||
| Q4 24 | $4.3M | $63.2M | ||
| Q3 24 | $3.4M | $2.4M | ||
| Q2 24 | $5.6M | $45.1M | ||
| Q1 24 | $4.6M | $73.4M |
| Q4 25 | 19.6% | 50.5% | ||
| Q3 25 | 19.2% | 29.6% | ||
| Q2 25 | 19.1% | 29.8% | ||
| Q1 25 | 18.6% | 30.5% | ||
| Q4 24 | 19.2% | 13.7% | ||
| Q3 24 | 18.4% | 0.1% | ||
| Q2 24 | 18.9% | 27.3% | ||
| Q1 24 | 20.2% | 15.3% |
| Q4 25 | 5.8% | — | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 7.7% | 97.7% | ||
| Q3 24 | 7.2% | -13.4% | ||
| Q2 24 | 8.3% | 88.0% | ||
| Q1 24 | 7.6% | — |
| Q4 25 | 3.7% | 172.3% | ||
| Q3 25 | 5.0% | 460.5% | ||
| Q2 25 | 6.1% | 694.9% | ||
| Q1 25 | 3.7% | 334.4% | ||
| Q4 24 | 8.9% | 338.2% | ||
| Q3 24 | 6.8% | 14.4% | ||
| Q2 24 | 8.0% | 303.6% | ||
| Q1 24 | 6.6% | 574.4% |
| Q4 25 | $0.07 | $1.62 | ||
| Q3 25 | $0.07 | $2.94 | ||
| Q2 25 | $0.12 | $4.97 | ||
| Q1 25 | $0.06 | $2.26 | ||
| Q4 24 | $0.13 | $1.74 | ||
| Q3 24 | $0.10 | $0.07 | ||
| Q2 24 | $0.14 | $1.23 | ||
| Q1 24 | $0.13 | $1.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $296.0M |
| Total DebtLower is stronger | — | $7.8B |
| Stockholders' EquityBook value | $125.0M | $3.7B |
| Total Assets | $147.2M | $14.1B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $296.0M | ||
| Q3 25 | — | $216.4M | ||
| Q2 25 | — | $225.8M | ||
| Q1 25 | — | $220.5M | ||
| Q4 24 | — | $194.5M | ||
| Q3 24 | — | $219.7M | ||
| Q2 24 | — | $145.5M | ||
| Q1 24 | — | $179.7M |
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $125.0M | $3.7B | ||
| Q3 25 | $126.3M | $3.7B | ||
| Q2 25 | $127.2M | $3.6B | ||
| Q1 25 | $126.4M | $3.4B | ||
| Q4 24 | $129.0M | $3.3B | ||
| Q3 24 | $128.8M | $3.3B | ||
| Q2 24 | $129.3M | $3.3B | ||
| Q1 24 | $151.4M | $3.3B |
| Q4 25 | $147.2M | $14.1B | ||
| Q3 25 | $179.5M | $13.9B | ||
| Q2 25 | $173.2M | $13.7B | ||
| Q1 25 | $182.9M | $14.2B | ||
| Q4 24 | $171.2M | $13.8B | ||
| Q3 24 | $176.3M | $14.1B | ||
| Q2 24 | $175.7M | $14.5B | ||
| Q1 24 | $204.0M | $15.4B |
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 3.20× |
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 | $423.0M |
| Free Cash FlowOCF − Capex | $4.1M | $396.7M |
| FCF MarginFCF / Revenue | 6.4% | 1183.0% |
| Capex IntensityCapex / Revenue | 0.9% | 78.2% |
| Cash ConversionOCF / Net Profit | 2.00× | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $423.0M | ||
| Q3 25 | $2.6M | $112.4M | ||
| Q2 25 | $-1.6M | $81.8M | ||
| Q1 25 | $10.8M | $91.2M | ||
| Q4 24 | $4.6M | $662.9M | ||
| Q3 24 | $5.1M | $137.0M | ||
| Q2 24 | $3.8M | $133.8M | ||
| Q1 24 | $15.9M | $211.6M |
| Q4 25 | $4.1M | $396.7M | ||
| Q3 25 | $2.1M | $100.8M | ||
| Q2 25 | $-2.0M | $78.1M | ||
| Q1 25 | $10.7M | $87.8M | ||
| Q4 24 | $3.6M | $642.0M | ||
| Q3 24 | $3.2M | $132.6M | ||
| Q2 24 | $3.0M | $123.1M | ||
| Q1 24 | $15.0M | $188.3M |
| Q4 25 | 6.4% | 1183.0% | ||
| Q3 25 | 4.0% | 435.0% | ||
| Q2 25 | -3.0% | 299.0% | ||
| Q1 25 | 18.1% | 355.6% | ||
| Q4 24 | 7.6% | 3438.0% | ||
| Q3 24 | 6.5% | 797.9% | ||
| Q2 24 | 4.4% | 829.2% | ||
| Q1 24 | 21.7% | 1473.7% |
| Q4 25 | 0.9% | 78.2% | ||
| Q3 25 | 0.8% | 50.4% | ||
| Q2 25 | 0.6% | 14.2% | ||
| Q1 25 | 0.2% | 13.7% | ||
| Q4 24 | 2.1% | 111.9% | ||
| Q3 24 | 3.8% | 26.7% | ||
| Q2 24 | 1.1% | 71.5% | ||
| Q1 24 | 1.3% | 181.7% |
| Q4 25 | 2.00× | 7.32× | ||
| Q3 25 | 0.97× | 1.05× | ||
| Q2 25 | -0.39× | 0.45× | ||
| Q1 25 | 4.88× | 1.10× | ||
| Q4 24 | 1.09× | 10.50× | ||
| Q3 24 | 1.51× | 57.39× | ||
| Q2 24 | 0.68× | 2.97× | ||
| Q1 24 | 3.46× | 2.88× |
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% |
NNI
Segment breakdown not available.
