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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $57.1M, roughly 1.1× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs 3.7%, a 6.3% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 24.3%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% 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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
MPX vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $57.1M |
| Net Profit | $2.4M | $5.7M |
| Gross Margin | 19.6% | — |
| Operating Margin | 5.8% | 34.1% |
| Net Margin | 3.7% | 10.0% |
| Revenue YoY | 35.0% | 24.3% |
| Net Profit YoY | -44.6% | 235.9% |
| EPS (diluted) | $0.07 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $64.6M | $52.5M | ||
| Q3 25 | $53.1M | $48.3M | ||
| Q2 25 | $67.7M | $48.3M | ||
| Q1 25 | $59.0M | $45.9M | ||
| Q4 24 | $47.8M | $44.1M | ||
| Q3 24 | $49.9M | $41.4M | ||
| Q2 24 | $69.5M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $2.4M | $1.3M | ||
| Q3 25 | $2.6M | $618.0K | ||
| Q2 25 | $4.2M | $3.3M | ||
| Q1 25 | $2.2M | $1.7M | ||
| Q4 24 | $4.3M | $-5.4M | ||
| Q3 24 | $3.4M | $-5.3M | ||
| Q2 24 | $5.6M | $-2.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 34.1% | ||
| Q4 25 | 5.8% | 2.6% | ||
| Q3 25 | 5.4% | 1.3% | ||
| Q2 25 | 7.1% | 6.8% | ||
| Q1 25 | 4.4% | 3.7% | ||
| Q4 24 | 7.7% | -12.3% | ||
| Q3 24 | 7.2% | -12.8% | ||
| Q2 24 | 8.3% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 3.7% | 2.5% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 6.1% | 6.8% | ||
| Q1 25 | 3.7% | 3.7% | ||
| Q4 24 | 8.9% | -12.3% | ||
| Q3 24 | 6.8% | -12.8% | ||
| Q2 24 | 8.0% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.07 | $0.01 | ||
| Q3 25 | $0.07 | $0.01 | ||
| Q2 25 | $0.12 | $0.04 | ||
| Q1 25 | $0.06 | $0.02 | ||
| Q4 24 | $0.13 | $-0.07 | ||
| Q3 24 | $0.10 | $-0.07 | ||
| Q2 24 | $0.14 | $-0.03 |
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 | $125.0M | $1.5B |
| Total Assets | $147.2M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $125.0M | $1.4B | ||
| Q3 25 | $126.3M | $1.3B | ||
| Q2 25 | $127.2M | $1.3B | ||
| Q1 25 | $126.4M | $1.3B | ||
| Q4 24 | $129.0M | $1.3B | ||
| Q3 24 | $128.8M | $1.3B | ||
| Q2 24 | $129.3M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $147.2M | $2.6B | ||
| Q3 25 | $179.5M | $2.5B | ||
| Q2 25 | $173.2M | $2.3B | ||
| Q1 25 | $182.9M | $2.3B | ||
| Q4 24 | $171.2M | $2.3B | ||
| Q3 24 | $176.3M | $2.2B | ||
| Q2 24 | $175.7M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | — |
| Free Cash FlowOCF − Capex | $4.1M | — |
| FCF MarginFCF / Revenue | 6.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.7M | $109.5M | ||
| Q3 25 | $2.6M | $28.0M | ||
| Q2 25 | $-1.6M | $30.6M | ||
| Q1 25 | $10.8M | $22.1M | ||
| Q4 24 | $4.6M | $90.2M | ||
| Q3 24 | $5.1M | $25.1M | ||
| Q2 24 | $3.8M | $25.4M |
| Q1 26 | — | — | ||
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $10.7M | — | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $3.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 4.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 1.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | 82.46× | ||
| Q3 25 | 0.97× | 45.27× | ||
| Q2 25 | -0.39× | 9.36× | ||
| Q1 25 | 4.88× | 13.06× | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 0.68× | — |
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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
