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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $57.6M, roughly 1.1× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 35.0%). MARINE PRODUCTS CORP produced more free cash flow last quarter ($4.1M vs $-167.0M).
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.
Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.
MPX vs PHAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $57.6M |
| Net Profit | $2.4M | — |
| Gross Margin | 19.6% | 86.7% |
| Operating Margin | 5.8% | — |
| Net Margin | 3.7% | — |
| Revenue YoY | 35.0% | 94.1% |
| Net Profit YoY | -44.6% | 71.6% |
| EPS (diluted) | $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 | $57.6M | ||
| Q3 25 | $53.1M | $49.5M | ||
| Q2 25 | $67.7M | $39.5M | ||
| Q1 25 | $59.0M | $28.5M | ||
| Q4 24 | $47.8M | $29.7M | ||
| Q3 24 | $49.9M | $16.4M | ||
| Q2 24 | $69.5M | $7.3M | ||
| Q1 24 | $69.3M | — |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $2.6M | $-30.0M | ||
| Q2 25 | $4.2M | $-75.8M | ||
| Q1 25 | $2.2M | $-94.3M | ||
| Q4 24 | $4.3M | — | ||
| Q3 24 | $3.4M | $-85.6M | ||
| Q2 24 | $5.6M | $-91.4M | ||
| Q1 24 | $4.6M | — |
| Q4 25 | 19.6% | 86.7% | ||
| Q3 25 | 19.2% | 87.5% | ||
| Q2 25 | 19.1% | 87.2% | ||
| Q1 25 | 18.6% | 86.9% | ||
| Q4 24 | 19.2% | 87.1% | ||
| Q3 24 | 18.4% | 85.6% | ||
| Q2 24 | 18.9% | 81.2% | ||
| Q1 24 | 20.2% | — |
| Q4 25 | 5.8% | — | ||
| Q3 25 | 5.4% | -30.8% | ||
| Q2 25 | 7.1% | -151.7% | ||
| Q1 25 | 4.4% | -276.5% | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 7.2% | -433.0% | ||
| Q2 24 | 8.3% | -1055.4% | ||
| Q1 24 | 7.6% | — |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 5.0% | -60.5% | ||
| Q2 25 | 6.1% | -191.9% | ||
| Q1 25 | 3.7% | -330.7% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 6.8% | -523.3% | ||
| Q2 24 | 8.0% | -1248.6% | ||
| Q1 24 | 6.6% | — |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.07 | $-0.41 | ||
| Q2 25 | $0.12 | $-1.05 | ||
| Q1 25 | $0.06 | $-1.31 | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.10 | $-1.32 | ||
| Q2 24 | $0.14 | $-1.56 | ||
| Q1 24 | $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 | — | $130.0M |
| Total DebtLower is stronger | — | $209.1M |
| Stockholders' EquityBook value | $125.0M | $-438.2M |
| Total Assets | $147.2M | $259.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.0M | ||
| Q3 25 | — | $135.2M | ||
| Q2 25 | — | $149.6M | ||
| Q1 25 | — | $212.3M | ||
| Q4 24 | — | $297.3M | ||
| Q3 24 | — | $334.7M | ||
| Q2 24 | — | $276.2M | ||
| Q1 24 | — | — |
| Q4 25 | — | $209.1M | ||
| Q3 25 | — | $207.1M | ||
| Q2 25 | — | $205.1M | ||
| Q1 25 | — | $203.2M | ||
| Q4 24 | — | $201.4M | ||
| Q3 24 | — | $175.7M | ||
| Q2 24 | — | $174.4M | ||
| Q1 24 | — | — |
| Q4 25 | $125.0M | $-438.2M | ||
| Q3 25 | $126.3M | $-422.5M | ||
| Q2 25 | $127.2M | $-405.8M | ||
| Q1 25 | $126.4M | $-338.4M | ||
| Q4 24 | $129.0M | $-253.6M | ||
| Q3 24 | $128.8M | $-187.1M | ||
| Q2 24 | $129.3M | $-233.8M | ||
| Q1 24 | $151.4M | — |
| Q4 25 | $147.2M | $259.1M | ||
| Q3 25 | $179.5M | $240.3M | ||
| Q2 25 | $173.2M | $250.2M | ||
| Q1 25 | $182.9M | $294.2M | ||
| Q4 24 | $171.2M | $378.3M | ||
| Q3 24 | $176.3M | $387.0M | ||
| Q2 24 | $175.7M | $319.4M | ||
| Q1 24 | $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 | $4.7M | $-166.8M |
| Free Cash FlowOCF − Capex | $4.1M | $-167.0M |
| FCF MarginFCF / Revenue | 6.4% | -290.0% |
| Capex IntensityCapex / Revenue | 0.9% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $-328.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $-166.8M | ||
| Q3 25 | $2.6M | $-14.1M | ||
| Q2 25 | $-1.6M | $-62.7M | ||
| Q1 25 | $10.8M | $-84.9M | ||
| Q4 24 | $4.6M | $-266.8M | ||
| Q3 24 | $5.1M | $-63.6M | ||
| Q2 24 | $3.8M | $-70.7M | ||
| Q1 24 | $15.9M | — |
| Q4 25 | $4.1M | $-167.0M | ||
| Q3 25 | $2.1M | $-14.1M | ||
| Q2 25 | $-2.0M | $-62.8M | ||
| Q1 25 | $10.7M | $-84.9M | ||
| Q4 24 | $3.6M | $-266.9M | ||
| Q3 24 | $3.2M | $-63.6M | ||
| Q2 24 | $3.0M | $-70.8M | ||
| Q1 24 | $15.0M | — |
| Q4 25 | 6.4% | -290.0% | ||
| Q3 25 | 4.0% | -28.6% | ||
| Q2 25 | -3.0% | -159.0% | ||
| Q1 25 | 18.1% | -297.9% | ||
| Q4 24 | 7.6% | -899.8% | ||
| Q3 24 | 6.5% | -389.0% | ||
| Q2 24 | 4.4% | -966.2% | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 0.9% | 0.4% | ||
| Q3 25 | 0.8% | 0.1% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 3.8% | 0.3% | ||
| Q2 24 | 1.1% | 0.6% | ||
| Q1 24 | 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
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
PHAT
Segment breakdown not available.
