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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $53.8M, roughly 1.2× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs 3.7%, a 21.8% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
MPX vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $53.8M |
| Net Profit | $2.4M | $13.7M |
| Gross Margin | 19.6% | — |
| Operating Margin | 5.8% | — |
| Net Margin | 3.7% | 25.4% |
| Revenue YoY | 35.0% | — |
| Net Profit YoY | -44.6% | 21.6% |
| EPS (diluted) | $0.07 | $0.81 |
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 | — | $53.8M | ||
| Q4 25 | $64.6M | $53.3M | ||
| Q3 25 | $53.1M | $51.1M | ||
| Q2 25 | $67.7M | $49.2M | ||
| Q1 25 | $59.0M | $46.8M | ||
| Q4 24 | $47.8M | $46.8M | ||
| Q3 24 | $49.9M | $44.2M | ||
| Q2 24 | $69.5M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $2.4M | $13.7M | ||
| Q3 25 | $2.6M | $13.7M | ||
| Q2 25 | $4.2M | $11.7M | ||
| Q1 25 | $2.2M | $11.3M | ||
| Q4 24 | $4.3M | $9.6M | ||
| Q3 24 | $3.4M | $9.1M | ||
| Q2 24 | $5.6M | $8.0M |
| 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 | — | — | ||
| Q4 25 | 5.8% | 31.3% | ||
| Q3 25 | 5.4% | 33.2% | ||
| Q2 25 | 7.1% | 29.0% | ||
| Q1 25 | 4.4% | 29.0% | ||
| Q4 24 | 7.7% | 26.5% | ||
| Q3 24 | 7.2% | 24.3% | ||
| Q2 24 | 8.3% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | 3.7% | 25.7% | ||
| Q3 25 | 5.0% | 26.8% | ||
| Q2 25 | 6.1% | 23.8% | ||
| Q1 25 | 3.7% | 24.0% | ||
| Q4 24 | 8.9% | 20.6% | ||
| Q3 24 | 6.8% | 20.7% | ||
| Q2 24 | 8.0% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $0.07 | $0.81 | ||
| Q3 25 | $0.07 | $0.81 | ||
| Q2 25 | $0.12 | $0.69 | ||
| Q1 25 | $0.06 | $0.67 | ||
| Q4 24 | $0.13 | $0.57 | ||
| Q3 24 | $0.10 | $0.54 | ||
| Q2 24 | $0.14 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $346.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $125.0M | $562.2M |
| Total Assets | $147.2M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | — | $464.4M | ||
| Q3 25 | — | $557.1M | ||
| Q2 25 | — | $365.1M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | — | $387.6M | ||
| Q3 24 | — | $192.9M | ||
| Q2 24 | — | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $125.0M | $552.4M | ||
| Q3 25 | $126.3M | $538.4M | ||
| Q2 25 | $127.2M | $519.0M | ||
| Q1 25 | $126.4M | $505.8M | ||
| Q4 24 | $129.0M | $491.3M | ||
| Q3 24 | $128.8M | $489.0M | ||
| Q2 24 | $129.3M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $147.2M | $5.9B | ||
| Q3 25 | $179.5M | $5.8B | ||
| Q2 25 | $173.2M | $5.5B | ||
| Q1 25 | $182.9M | $5.4B | ||
| Q4 24 | $171.2M | $5.3B | ||
| Q3 24 | $176.3M | $4.9B | ||
| Q2 24 | $175.7M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | $61.7M | ||
| Q3 25 | $2.6M | $16.9M | ||
| Q2 25 | $-1.6M | $14.0M | ||
| Q1 25 | $10.8M | $14.3M | ||
| Q4 24 | $4.6M | $52.7M | ||
| Q3 24 | $5.1M | $12.4M | ||
| Q2 24 | $3.8M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $4.1M | $59.3M | ||
| Q3 25 | $2.1M | $16.6M | ||
| Q2 25 | $-2.0M | $13.2M | ||
| Q1 25 | $10.7M | $13.4M | ||
| Q4 24 | $3.6M | $46.3M | ||
| Q3 24 | $3.2M | $11.3M | ||
| Q2 24 | $3.0M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 111.3% | ||
| Q3 25 | 4.0% | 32.4% | ||
| Q2 25 | -3.0% | 26.9% | ||
| Q1 25 | 18.1% | 28.5% | ||
| Q4 24 | 7.6% | 98.9% | ||
| Q3 24 | 6.5% | 25.7% | ||
| Q2 24 | 4.4% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 4.5% | ||
| Q3 25 | 0.8% | 0.6% | ||
| Q2 25 | 0.6% | 1.6% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 2.1% | 13.7% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 1.1% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | 4.50× | ||
| Q3 25 | 0.97× | 1.23× | ||
| Q2 25 | -0.39× | 1.20× | ||
| Q1 25 | 4.88× | 1.27× | ||
| Q4 24 | 1.09× | 5.47× | ||
| Q3 24 | 1.51× | 1.36× | ||
| Q2 24 | 0.68× | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
