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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $36.5M, roughly 1.8× SmartRent, Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -8.9%, a 12.6% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $4.1M). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
MPX vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $36.5M |
| Net Profit | $2.4M | $-3.2M |
| Gross Margin | 19.6% | 38.6% |
| Operating Margin | 5.8% | -10.9% |
| Net Margin | 3.7% | -8.9% |
| Revenue YoY | 35.0% | 3.1% |
| Net Profit YoY | -44.6% | 71.6% |
| EPS (diluted) | $0.07 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $53.1M | $36.2M | ||
| Q2 25 | $67.7M | $38.3M | ||
| Q1 25 | $59.0M | $41.3M | ||
| Q4 24 | $47.8M | $35.4M | ||
| Q3 24 | $49.9M | $40.5M | ||
| Q2 24 | $69.5M | $48.5M | ||
| Q1 24 | $69.3M | $50.5M |
| Q4 25 | $2.4M | $-3.2M | ||
| Q3 25 | $2.6M | $-6.3M | ||
| Q2 25 | $4.2M | $-10.9M | ||
| Q1 25 | $2.2M | $-40.2M | ||
| Q4 24 | $4.3M | $-11.4M | ||
| Q3 24 | $3.4M | $-9.9M | ||
| Q2 24 | $5.6M | $-4.6M | ||
| Q1 24 | $4.6M | $-7.7M |
| Q4 25 | 19.6% | 38.6% | ||
| Q3 25 | 19.2% | 26.4% | ||
| Q2 25 | 19.1% | 33.1% | ||
| Q1 25 | 18.6% | 32.8% | ||
| Q4 24 | 19.2% | 28.7% | ||
| Q3 24 | 18.4% | 33.2% | ||
| Q2 24 | 18.9% | 35.7% | ||
| Q1 24 | 20.2% | 38.5% |
| Q4 25 | 5.8% | -10.9% | ||
| Q3 25 | 5.4% | -19.4% | ||
| Q2 25 | 7.1% | -30.5% | ||
| Q1 25 | 4.4% | -99.9% | ||
| Q4 24 | 7.7% | -36.6% | ||
| Q3 24 | 7.2% | -29.0% | ||
| Q2 24 | 8.3% | -14.3% | ||
| Q1 24 | 7.6% | -20.1% |
| Q4 25 | 3.7% | -8.9% | ||
| Q3 25 | 5.0% | -17.3% | ||
| Q2 25 | 6.1% | -28.3% | ||
| Q1 25 | 3.7% | -97.2% | ||
| Q4 24 | 8.9% | -32.3% | ||
| Q3 24 | 6.8% | -24.5% | ||
| Q2 24 | 8.0% | -9.5% | ||
| Q1 24 | 6.6% | -15.2% |
| Q4 25 | $0.07 | $-0.02 | ||
| Q3 25 | $0.07 | $-0.03 | ||
| Q2 25 | $0.12 | $-0.06 | ||
| Q1 25 | $0.06 | $-0.21 | ||
| Q4 24 | $0.13 | $-0.06 | ||
| Q3 24 | $0.10 | $-0.05 | ||
| Q2 24 | $0.14 | $-0.02 | ||
| 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 | — | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $125.0M | $232.1M |
| Total Assets | $147.2M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | $125.0M | $232.1M | ||
| Q3 25 | $126.3M | $234.4M | ||
| Q2 25 | $127.2M | $238.8M | ||
| Q1 25 | $126.4M | $250.7M | ||
| Q4 24 | $129.0M | $289.4M | ||
| Q3 24 | $128.8M | $305.1M | ||
| Q2 24 | $129.3M | $329.4M | ||
| Q1 24 | $151.4M | $333.1M |
| Q4 25 | $147.2M | $320.9M | ||
| Q3 25 | $179.5M | $335.8M | ||
| Q2 25 | $173.2M | $354.0M | ||
| Q1 25 | $182.9M | $366.1M | ||
| Q4 24 | $171.2M | $420.2M | ||
| Q3 24 | $176.3M | $448.6M | ||
| Q2 24 | $175.7M | $475.3M | ||
| Q1 24 | $204.0M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $4.1M | $7.7M |
| FCF MarginFCF / Revenue | 6.4% | 21.0% |
| Capex IntensityCapex / Revenue | 0.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $7.7M | ||
| Q3 25 | $2.6M | $-2.1M | ||
| Q2 25 | $-1.6M | $-14.9M | ||
| Q1 25 | $10.8M | $-12.2M | ||
| Q4 24 | $4.6M | $-12.0M | ||
| Q3 24 | $5.1M | $-3.7M | ||
| Q2 24 | $3.8M | $-13.9M | ||
| Q1 24 | $15.9M | $-3.3M |
| Q4 25 | $4.1M | $7.7M | ||
| Q3 25 | $2.1M | $-2.2M | ||
| Q2 25 | $-2.0M | $-16.2M | ||
| Q1 25 | $10.7M | $-14.3M | ||
| Q4 24 | $3.6M | $-13.3M | ||
| Q3 24 | $3.2M | $-3.9M | ||
| Q2 24 | $3.0M | $-14.1M | ||
| Q1 24 | $15.0M | $-3.4M |
| Q4 25 | 6.4% | 21.0% | ||
| Q3 25 | 4.0% | -6.1% | ||
| Q2 25 | -3.0% | -42.3% | ||
| Q1 25 | 18.1% | -34.7% | ||
| Q4 24 | 7.6% | -37.5% | ||
| Q3 24 | 6.5% | -9.7% | ||
| Q2 24 | 4.4% | -29.1% | ||
| Q1 24 | 21.7% | -6.7% |
| Q4 25 | 0.9% | 0.0% | ||
| Q3 25 | 0.8% | 0.2% | ||
| Q2 25 | 0.6% | 3.3% | ||
| Q1 25 | 0.2% | 5.3% | ||
| Q4 24 | 2.1% | 3.5% | ||
| Q3 24 | 3.8% | 0.6% | ||
| Q2 24 | 1.1% | 0.5% | ||
| Q1 24 | 1.3% | 0.1% |
| 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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
