vs
Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and P10, Inc. (PX). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $64.6M, roughly 1.3× MARINE PRODUCTS CORP). P10, Inc. runs the higher net margin — 11.7% vs 3.7%, a 8.0% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $4.1M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% 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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
MPX vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $81.0M |
| Net Profit | $2.4M | $9.5M |
| Gross Margin | 19.6% | — |
| Operating Margin | 5.8% | 31.9% |
| Net Margin | 3.7% | 11.7% |
| Revenue YoY | 35.0% | -4.7% |
| Net Profit YoY | -44.6% | 79.0% |
| EPS (diluted) | $0.07 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $53.1M | $75.9M | ||
| Q2 25 | $67.7M | $72.7M | ||
| Q1 25 | $59.0M | $67.7M | ||
| Q4 24 | $47.8M | $85.0M | ||
| Q3 24 | $49.9M | $74.2M | ||
| Q2 24 | $69.5M | $71.1M | ||
| Q1 24 | $69.3M | $66.1M |
| Q4 25 | $2.4M | $9.5M | ||
| Q3 25 | $2.6M | $2.1M | ||
| Q2 25 | $4.2M | $3.4M | ||
| Q1 25 | $2.2M | $4.5M | ||
| Q4 24 | $4.3M | $5.3M | ||
| Q3 24 | $3.4M | $1.4M | ||
| Q2 24 | $5.6M | $7.0M | ||
| Q1 24 | $4.6M | $5.0M |
| 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% | 31.9% | ||
| Q3 25 | 5.4% | 14.1% | ||
| Q2 25 | 7.1% | 24.4% | ||
| Q1 25 | 4.4% | 16.6% | ||
| Q4 24 | 7.7% | 26.9% | ||
| Q3 24 | 7.2% | 11.9% | ||
| Q2 24 | 8.3% | 23.7% | ||
| Q1 24 | 7.6% | 18.3% |
| Q4 25 | 3.7% | 11.7% | ||
| Q3 25 | 5.0% | 2.8% | ||
| Q2 25 | 6.1% | 4.7% | ||
| Q1 25 | 3.7% | 6.7% | ||
| Q4 24 | 8.9% | 6.2% | ||
| Q3 24 | 6.8% | 1.9% | ||
| Q2 24 | 8.0% | 9.8% | ||
| Q1 24 | 6.6% | 7.6% |
| Q4 25 | $0.07 | $0.08 | ||
| Q3 25 | $0.07 | $0.02 | ||
| Q2 25 | $0.12 | $0.03 | ||
| Q1 25 | $0.06 | $0.04 | ||
| Q4 24 | $0.13 | $0.05 | ||
| Q3 24 | $0.10 | $0.01 | ||
| Q2 24 | $0.14 | $0.06 | ||
| Q1 24 | $0.13 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $125.0M | $403.5M |
| Total Assets | $147.2M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.2M | ||
| Q3 25 | — | $40.0M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $74.4M | ||
| Q4 24 | — | $67.5M | ||
| Q3 24 | — | $61.5M | ||
| Q2 24 | — | $31.2M | ||
| Q1 24 | — | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $125.0M | $403.5M | ||
| Q3 25 | $126.3M | $396.8M | ||
| Q2 25 | $127.2M | $388.9M | ||
| Q1 25 | $126.4M | $374.3M | ||
| Q4 24 | $129.0M | $386.9M | ||
| Q3 24 | $128.8M | $394.1M | ||
| Q2 24 | $129.3M | $396.9M | ||
| Q1 24 | $151.4M | $400.1M |
| Q4 25 | $147.2M | $928.3M | ||
| Q3 25 | $179.5M | $936.0M | ||
| Q2 25 | $173.2M | $932.2M | ||
| Q1 25 | $182.9M | $877.4M | ||
| Q4 24 | $171.2M | $869.3M | ||
| Q3 24 | $176.3M | $857.0M | ||
| Q2 24 | $175.7M | $823.2M | ||
| Q1 24 | $204.0M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $4.1M | $18.1M |
| FCF MarginFCF / Revenue | 6.4% | 22.3% |
| Capex IntensityCapex / Revenue | 0.9% | 6.0% |
| Cash ConversionOCF / Net Profit | 2.00× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $23.0M | ||
| Q3 25 | $2.6M | $-8.6M | ||
| Q2 25 | $-1.6M | $13.4M | ||
| Q1 25 | $10.8M | $-4.7M | ||
| Q4 24 | $4.6M | $101.0M | ||
| Q3 24 | $5.1M | $27.5M | ||
| Q2 24 | $3.8M | $34.8M | ||
| Q1 24 | $15.9M | $11.0M |
| Q4 25 | $4.1M | $18.1M | ||
| Q3 25 | $2.1M | $-9.5M | ||
| Q2 25 | $-2.0M | $11.6M | ||
| Q1 25 | $10.7M | $-6.0M | ||
| Q4 24 | $3.6M | $96.6M | ||
| Q3 24 | $3.2M | $25.2M | ||
| Q2 24 | $3.0M | $33.9M | ||
| Q1 24 | $15.0M | $10.7M |
| Q4 25 | 6.4% | 22.3% | ||
| Q3 25 | 4.0% | -12.6% | ||
| Q2 25 | -3.0% | 15.9% | ||
| Q1 25 | 18.1% | -8.9% | ||
| Q4 24 | 7.6% | 113.6% | ||
| Q3 24 | 6.5% | 34.0% | ||
| Q2 24 | 4.4% | 47.7% | ||
| Q1 24 | 21.7% | 16.2% |
| Q4 25 | 0.9% | 6.0% | ||
| Q3 25 | 0.8% | 1.2% | ||
| Q2 25 | 0.6% | 2.5% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | 2.1% | 5.2% | ||
| Q3 24 | 3.8% | 3.0% | ||
| Q2 24 | 1.1% | 1.3% | ||
| Q1 24 | 1.3% | 0.4% |
| Q4 25 | 2.00× | 2.43× | ||
| Q3 25 | 0.97× | -4.01× | ||
| Q2 25 | -0.39× | 3.96× | ||
| Q1 25 | 4.88× | -1.05× | ||
| Q4 24 | 1.09× | 19.12× | ||
| Q3 24 | 1.51× | 19.54× | ||
| Q2 24 | 0.68× | 4.98× | ||
| Q1 24 | 3.46× | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
