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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and STEM, INC. (STEM). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $47.1M, roughly 1.4× STEM, INC.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -33.9%, a 37.6% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
MPX vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $47.1M |
| Net Profit | $2.4M | $-16.0M |
| Gross Margin | 19.6% | 48.9% |
| Operating Margin | 5.8% | -17.7% |
| Net Margin | 3.7% | -33.9% |
| Revenue YoY | 35.0% | -15.6% |
| Net Profit YoY | -44.6% | 68.8% |
| EPS (diluted) | $0.07 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $53.1M | $38.2M | ||
| Q2 25 | $67.7M | $38.4M | ||
| Q1 25 | $59.0M | $32.5M | ||
| Q4 24 | $47.8M | $55.8M | ||
| Q3 24 | $49.9M | $29.3M | ||
| Q2 24 | $69.5M | $34.0M | ||
| Q1 24 | $69.3M | $25.5M |
| Q4 25 | $2.4M | $-16.0M | ||
| Q3 25 | $2.6M | $-23.8M | ||
| Q2 25 | $4.2M | $202.5M | ||
| Q1 25 | $2.2M | $-25.0M | ||
| Q4 24 | $4.3M | $-51.1M | ||
| Q3 24 | $3.4M | $-148.3M | ||
| Q2 24 | $5.6M | $-582.3M | ||
| Q1 24 | $4.6M | $-72.3M |
| Q4 25 | 19.6% | 48.9% | ||
| Q3 25 | 19.2% | 35.5% | ||
| Q2 25 | 19.1% | 33.4% | ||
| Q1 25 | 18.6% | 32.4% | ||
| Q4 24 | 19.2% | -4.4% | ||
| Q3 24 | 18.4% | 21.2% | ||
| Q2 24 | 18.9% | 27.6% | ||
| Q1 24 | 20.2% | -95.0% |
| Q4 25 | 5.8% | -17.7% | ||
| Q3 25 | 5.4% | -33.6% | ||
| Q2 25 | 7.1% | -34.8% | ||
| Q1 25 | 4.4% | -65.0% | ||
| Q4 24 | 7.7% | -84.4% | ||
| Q3 24 | 7.2% | -493.2% | ||
| Q2 24 | 8.3% | -1705.5% | ||
| Q1 24 | 7.6% | -267.0% |
| Q4 25 | 3.7% | -33.9% | ||
| Q3 25 | 5.0% | -62.2% | ||
| Q2 25 | 6.1% | 527.8% | ||
| Q1 25 | 3.7% | -76.9% | ||
| Q4 24 | 8.9% | -91.6% | ||
| Q3 24 | 6.8% | -506.3% | ||
| Q2 24 | 8.0% | -1712.6% | ||
| Q1 24 | 6.6% | -283.9% |
| Q4 25 | $0.07 | $-4.40 | ||
| Q3 25 | $0.07 | $-2.84 | ||
| Q2 25 | $0.12 | $-1.79 | ||
| Q1 25 | $0.06 | $-0.15 | ||
| Q4 24 | $0.13 | $-15.29 | ||
| Q3 24 | $0.10 | $-18.24 | ||
| Q2 24 | $0.14 | $-71.81 | ||
| Q1 24 | $0.13 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $125.0M | $-249.4M |
| Total Assets | $147.2M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.9M | ||
| Q3 25 | — | $43.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $112.8M |
| Q4 25 | $125.0M | $-249.4M | ||
| Q3 25 | $126.3M | $-235.7M | ||
| Q2 25 | $127.2M | $-214.1M | ||
| Q1 25 | $126.4M | $-417.5M | ||
| Q4 24 | $129.0M | $-398.4M | ||
| Q3 24 | $128.8M | $-344.1M | ||
| Q2 24 | $129.3M | $-203.2M | ||
| Q1 24 | $151.4M | $371.6M |
| Q4 25 | $147.2M | $308.9M | ||
| Q3 25 | $179.5M | $362.6M | ||
| Q2 25 | $173.2M | $379.2M | ||
| Q1 25 | $182.9M | $405.1M | ||
| Q4 24 | $171.2M | $437.4M | ||
| Q3 24 | $176.3M | $537.8M | ||
| Q2 24 | $175.7M | $691.5M | ||
| Q1 24 | $204.0M | $1.3B |
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 | $8.2M |
| 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.
| Q4 25 | $4.7M | $8.2M | ||
| Q3 25 | $2.6M | $11.4M | ||
| Q2 25 | $-1.6M | $-21.3M | ||
| Q1 25 | $10.8M | $8.5M | ||
| Q4 24 | $4.6M | $-14.7M | ||
| Q3 24 | $5.1M | $-9.4M | ||
| Q2 24 | $3.8M | $-11.9M | ||
| Q1 24 | $15.9M | $-621.0K |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $10.7M | — | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | $15.0M | — |
| Q4 25 | 6.4% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 2.00× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | -0.39× | -0.11× | ||
| 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% |
STEM
Segment breakdown not available.
