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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $64.6M, roughly 1.3× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs 1.4%, a 2.3% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $4.1M). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% 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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
MPX vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $86.0M |
| Net Profit | $2.4M | $1.2M |
| Gross Margin | 19.6% | 13.0% |
| Operating Margin | 5.8% | -3.1% |
| Net Margin | 3.7% | 1.4% |
| Revenue YoY | 35.0% | -5.8% |
| Net Profit YoY | -44.6% | -68.5% |
| EPS (diluted) | $0.07 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $53.1M | $92.8M | ||
| Q2 25 | $67.7M | $85.8M | ||
| Q1 25 | $59.0M | $65.6M | ||
| Q4 24 | $47.8M | $91.4M | ||
| Q3 24 | $49.9M | $63.2M | ||
| Q2 24 | $69.5M | $73.8M | ||
| Q1 24 | $69.3M | $83.1M |
| Q4 25 | $2.4M | $1.2M | ||
| Q3 25 | $2.6M | $3.0M | ||
| Q2 25 | $4.2M | $21.4M | ||
| Q1 25 | $2.2M | $-24.2M | ||
| Q4 24 | $4.3M | $3.7M | ||
| Q3 24 | $3.4M | $-98.0K | ||
| Q2 24 | $5.6M | $-430.0K | ||
| Q1 24 | $4.6M | $-216.0K |
| Q4 25 | 19.6% | 13.0% | ||
| Q3 25 | 19.2% | 16.1% | ||
| Q2 25 | 19.1% | 10.4% | ||
| Q1 25 | 18.6% | 4.2% | ||
| Q4 24 | 19.2% | 14.7% | ||
| Q3 24 | 18.4% | 10.3% | ||
| Q2 24 | 18.9% | 17.7% | ||
| Q1 24 | 20.2% | 14.2% |
| Q4 25 | 5.8% | -3.1% | ||
| Q3 25 | 5.4% | 5.8% | ||
| Q2 25 | 7.1% | -0.1% | ||
| Q1 25 | 4.4% | -10.8% | ||
| Q4 24 | 7.7% | 3.9% | ||
| Q3 24 | 7.2% | -7.8% | ||
| Q2 24 | 8.3% | 4.8% | ||
| Q1 24 | 7.6% | 0.9% |
| Q4 25 | 3.7% | 1.4% | ||
| Q3 25 | 5.0% | 3.2% | ||
| Q2 25 | 6.1% | 24.9% | ||
| Q1 25 | 3.7% | -37.0% | ||
| Q4 24 | 8.9% | 4.1% | ||
| Q3 24 | 6.8% | -0.2% | ||
| Q2 24 | 8.0% | -0.6% | ||
| Q1 24 | 6.6% | -0.3% |
| Q4 25 | $0.07 | $0.03 | ||
| Q3 25 | $0.07 | $0.08 | ||
| Q2 25 | $0.12 | $0.54 | ||
| Q1 25 | $0.06 | $-0.62 | ||
| Q4 24 | $0.13 | $0.10 | ||
| Q3 24 | $0.10 | $0.00 | ||
| Q2 24 | $0.14 | $-0.01 | ||
| Q1 24 | $0.13 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $125.0M | $239.7M |
| Total Assets | $147.2M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.6M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $5.1M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $6.3M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $125.0M | $239.7M | ||
| Q3 25 | $126.3M | $239.9M | ||
| Q2 25 | $127.2M | $240.5M | ||
| Q1 25 | $126.4M | $219.9M | ||
| Q4 24 | $129.0M | $243.8M | ||
| Q3 24 | $128.8M | $243.6M | ||
| Q2 24 | $129.3M | $242.9M | ||
| Q1 24 | $151.4M | $242.5M |
| Q4 25 | $147.2M | $340.0M | ||
| Q3 25 | $179.5M | $343.1M | ||
| Q2 25 | $173.2M | $345.8M | ||
| Q1 25 | $182.9M | $326.9M | ||
| Q4 24 | $171.2M | $341.5M | ||
| Q3 24 | $176.3M | $335.8M | ||
| Q2 24 | $175.7M | $341.8M | ||
| Q1 24 | $204.0M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $4.1M | $20.4M |
| FCF MarginFCF / Revenue | 6.4% | 23.7% |
| Capex IntensityCapex / Revenue | 0.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.00× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $14.9M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $22.4M | ||
| Q3 25 | $2.6M | $18.2M | ||
| Q2 25 | $-1.6M | $-5.1M | ||
| Q1 25 | $10.8M | $8.7M | ||
| Q4 24 | $4.6M | $1.0M | ||
| Q3 24 | $5.1M | $5.8M | ||
| Q2 24 | $3.8M | $14.9M | ||
| Q1 24 | $15.9M | $-3.9M |
| Q4 25 | $4.1M | $20.4M | ||
| Q3 25 | $2.1M | $14.8M | ||
| Q2 25 | $-2.0M | $-7.8M | ||
| Q1 25 | $10.7M | $5.2M | ||
| Q4 24 | $3.6M | $-840.0K | ||
| Q3 24 | $3.2M | $3.7M | ||
| Q2 24 | $3.0M | $13.5M | ||
| Q1 24 | $15.0M | $-5.5M |
| Q4 25 | 6.4% | 23.7% | ||
| Q3 25 | 4.0% | 15.9% | ||
| Q2 25 | -3.0% | -9.1% | ||
| Q1 25 | 18.1% | 7.9% | ||
| Q4 24 | 7.6% | -0.9% | ||
| Q3 24 | 6.5% | 5.8% | ||
| Q2 24 | 4.4% | 18.3% | ||
| Q1 24 | 21.7% | -6.6% |
| Q4 25 | 0.9% | 2.3% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 0.6% | 3.1% | ||
| Q1 25 | 0.2% | 5.4% | ||
| Q4 24 | 2.1% | 2.1% | ||
| Q3 24 | 3.8% | 3.4% | ||
| Q2 24 | 1.1% | 1.8% | ||
| Q1 24 | 1.3% | 2.0% |
| Q4 25 | 2.00× | 18.99× | ||
| Q3 25 | 0.97× | 6.05× | ||
| Q2 25 | -0.39× | -0.24× | ||
| Q1 25 | 4.88× | — | ||
| Q4 24 | 1.09× | 0.28× | ||
| 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% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
