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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and ON24 INC. (ONTF). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $34.6M, roughly 1.9× ON24 INC.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -18.8%, a 22.4% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -5.6%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-2.2M). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -4.2%).
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.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
MPX vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $34.6M |
| Net Profit | $2.4M | $-6.5M |
| Gross Margin | 19.6% | 74.9% |
| Operating Margin | 5.8% | -23.5% |
| Net Margin | 3.7% | -18.8% |
| Revenue YoY | 35.0% | -5.6% |
| Net Profit YoY | -44.6% | 26.8% |
| EPS (diluted) | $0.07 | $-0.15 |
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 | $34.6M | ||
| Q3 25 | $53.1M | $34.6M | ||
| Q2 25 | $67.7M | $35.3M | ||
| Q1 25 | $59.0M | $34.7M | ||
| Q4 24 | $47.8M | $36.7M | ||
| Q3 24 | $49.9M | $36.3M | ||
| Q2 24 | $69.5M | $37.3M | ||
| Q1 24 | $69.3M | $37.7M |
| Q4 25 | $2.4M | $-6.5M | ||
| Q3 25 | $2.6M | $-6.4M | ||
| Q2 25 | $4.2M | $-7.3M | ||
| Q1 25 | $2.2M | $-8.7M | ||
| Q4 24 | $4.3M | $-8.9M | ||
| Q3 24 | $3.4M | $-11.4M | ||
| Q2 24 | $5.6M | $-11.2M | ||
| Q1 24 | $4.6M | $-10.7M |
| Q4 25 | 19.6% | 74.9% | ||
| Q3 25 | 19.2% | 74.7% | ||
| Q2 25 | 19.1% | 75.1% | ||
| Q1 25 | 18.6% | 73.8% | ||
| Q4 24 | 19.2% | 74.5% | ||
| Q3 24 | 18.4% | 74.3% | ||
| Q2 24 | 18.9% | 74.5% | ||
| Q1 24 | 20.2% | 74.1% |
| Q4 25 | 5.8% | -23.5% | ||
| Q3 25 | 5.4% | -23.1% | ||
| Q2 25 | 7.1% | -26.0% | ||
| Q1 25 | 4.4% | -30.1% | ||
| Q4 24 | 7.7% | -32.1% | ||
| Q3 24 | 7.2% | -36.7% | ||
| Q2 24 | 8.3% | -35.0% | ||
| Q1 24 | 7.6% | -33.1% |
| Q4 25 | 3.7% | -18.8% | ||
| Q3 25 | 5.0% | -18.4% | ||
| Q2 25 | 6.1% | -20.6% | ||
| Q1 25 | 3.7% | -25.1% | ||
| Q4 24 | 8.9% | -24.2% | ||
| Q3 24 | 6.8% | -31.4% | ||
| Q2 24 | 8.0% | -29.9% | ||
| Q1 24 | 6.6% | -28.4% |
| Q4 25 | $0.07 | $-0.15 | ||
| Q3 25 | $0.07 | $-0.15 | ||
| Q2 25 | $0.12 | $-0.17 | ||
| Q1 25 | $0.06 | $-0.21 | ||
| Q4 24 | $0.13 | $-0.21 | ||
| Q3 24 | $0.10 | $-0.27 | ||
| Q2 24 | $0.14 | $-0.27 | ||
| Q1 24 | $0.13 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $125.0M | $139.4M |
| Total Assets | $147.2M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $37.0M | ||
| Q3 25 | — | $47.2M | ||
| Q2 25 | — | $37.7M | ||
| Q1 25 | — | $26.8M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $15.5M | ||
| Q1 24 | — | $18.3M |
| Q4 25 | $125.0M | $139.4M | ||
| Q3 25 | $126.3M | $144.3M | ||
| Q2 25 | $127.2M | $150.0M | ||
| Q1 25 | $126.4M | $153.7M | ||
| Q4 24 | $129.0M | $159.4M | ||
| Q3 24 | $128.8M | $164.9M | ||
| Q2 24 | $129.3M | $170.8M | ||
| Q1 24 | $151.4M | $174.4M |
| Q4 25 | $147.2M | $228.4M | ||
| Q3 25 | $179.5M | $224.8M | ||
| Q2 25 | $173.2M | $235.1M | ||
| Q1 25 | $182.9M | $245.8M | ||
| Q4 24 | $171.2M | $251.0M | ||
| Q3 24 | $176.3M | $250.9M | ||
| Q2 24 | $175.7M | $259.0M | ||
| Q1 24 | $204.0M | $269.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | $4.1M | $-2.2M |
| FCF MarginFCF / Revenue | 6.4% | -6.4% |
| Capex IntensityCapex / Revenue | 0.9% | 3.3% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $-1.1M | ||
| Q3 25 | $2.6M | $2.5M | ||
| Q2 25 | $-1.6M | $2.6M | ||
| Q1 25 | $10.8M | $3.4M | ||
| Q4 24 | $4.6M | $985.0K | ||
| Q3 24 | $5.1M | $295.0K | ||
| Q2 24 | $3.8M | $1.4M | ||
| Q1 24 | $15.9M | $2.1M |
| Q4 25 | $4.1M | $-2.2M | ||
| Q3 25 | $2.1M | $2.2M | ||
| Q2 25 | $-2.0M | $2.1M | ||
| Q1 25 | $10.7M | $1.9M | ||
| Q4 24 | $3.6M | $424.0K | ||
| Q3 24 | $3.2M | $143.0K | ||
| Q2 24 | $3.0M | $898.0K | ||
| Q1 24 | $15.0M | $1.1M |
| Q4 25 | 6.4% | -6.4% | ||
| Q3 25 | 4.0% | 6.2% | ||
| Q2 25 | -3.0% | 5.9% | ||
| Q1 25 | 18.1% | 5.6% | ||
| Q4 24 | 7.6% | 1.2% | ||
| Q3 24 | 6.5% | 0.4% | ||
| Q2 24 | 4.4% | 2.4% | ||
| Q1 24 | 21.7% | 2.9% |
| Q4 25 | 0.9% | 3.3% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 0.6% | 1.4% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 2.1% | 1.5% | ||
| Q3 24 | 3.8% | 0.4% | ||
| Q2 24 | 1.1% | 1.3% | ||
| Q1 24 | 1.3% | 2.8% |
| 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% |
ONTF
Segment breakdown not available.
