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Side-by-side financial comparison of MARINE PRODUCTS CORP (MPX) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $64.6M, roughly 1.1× MARINE PRODUCTS CORP). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -20.3%, a 24.0% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 22.0%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
MPX vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $73.5M |
| Net Profit | $2.4M | $-14.9M |
| Gross Margin | 19.6% | 9.6% |
| Operating Margin | 5.8% | -22.9% |
| Net Margin | 3.7% | -20.3% |
| Revenue YoY | 35.0% | 22.0% |
| Net Profit YoY | -44.6% | -219.1% |
| EPS (diluted) | $0.07 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $53.1M | $91.6M | ||
| Q2 25 | $67.7M | $54.9M | ||
| Q1 25 | $59.0M | $54.9M | ||
| Q4 24 | $47.8M | $60.2M | ||
| Q3 24 | $49.9M | $65.8M | ||
| Q2 24 | $69.5M | $67.5M | ||
| Q1 24 | $69.3M | $72.4M |
| Q4 25 | $2.4M | $-14.9M | ||
| Q3 25 | $2.6M | $-795.0K | ||
| Q2 25 | $4.2M | $-14.9M | ||
| Q1 25 | $2.2M | $-6.5M | ||
| Q4 24 | $4.3M | $12.5M | ||
| Q3 24 | $3.4M | $20.0M | ||
| Q2 24 | $5.6M | $18.4M | ||
| Q1 24 | $4.6M | $20.4M |
| Q4 25 | 19.6% | 9.6% | ||
| Q3 25 | 19.2% | 19.6% | ||
| Q2 25 | 19.1% | -0.6% | ||
| Q1 25 | 18.6% | 32.7% | ||
| Q4 24 | 19.2% | 61.5% | ||
| Q3 24 | 18.4% | 68.7% | ||
| Q2 24 | 18.9% | 69.4% | ||
| Q1 24 | 20.2% | 67.8% |
| Q4 25 | 5.8% | -22.9% | ||
| Q3 25 | 5.4% | 0.1% | ||
| Q2 25 | 7.1% | -30.8% | ||
| Q1 25 | 4.4% | -2.0% | ||
| Q4 24 | 7.7% | 34.5% | ||
| Q3 24 | 7.2% | 42.5% | ||
| Q2 24 | 8.3% | 43.8% | ||
| Q1 24 | 7.6% | 42.0% |
| Q4 25 | 3.7% | -20.3% | ||
| Q3 25 | 5.0% | -0.9% | ||
| Q2 25 | 6.1% | -27.2% | ||
| Q1 25 | 3.7% | -11.8% | ||
| Q4 24 | 8.9% | 20.8% | ||
| Q3 24 | 6.8% | 30.4% | ||
| Q2 24 | 8.0% | 27.2% | ||
| Q1 24 | 6.6% | 28.2% |
| Q4 25 | $0.07 | $-0.14 | ||
| Q3 25 | $0.07 | $-0.01 | ||
| Q2 25 | $0.12 | $-0.15 | ||
| Q1 25 | $0.06 | $-0.07 | ||
| Q4 24 | $0.13 | $0.12 | ||
| Q3 24 | $0.10 | $0.20 | ||
| Q2 24 | $0.14 | $0.18 | ||
| Q1 24 | $0.13 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $125.0M | $389.3M |
| Total Assets | $147.2M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $125.0M | $389.3M | ||
| Q3 25 | $126.3M | $402.4M | ||
| Q2 25 | $127.2M | $401.3M | ||
| Q1 25 | $126.4M | $415.3M | ||
| Q4 24 | $129.0M | $421.1M | ||
| Q3 24 | $128.8M | $417.6M | ||
| Q2 24 | $129.3M | $397.2M | ||
| Q1 24 | $151.4M | $375.5M |
| Q4 25 | $147.2M | $530.2M | ||
| Q3 25 | $179.5M | $541.2M | ||
| Q2 25 | $173.2M | $533.7M | ||
| Q1 25 | $182.9M | $562.5M | ||
| Q4 24 | $171.2M | $725.8M | ||
| Q3 24 | $176.3M | $709.8M | ||
| Q2 24 | $175.7M | $697.0M | ||
| Q1 24 | $204.0M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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.
| Q4 25 | $4.7M | $5.7M | ||
| Q3 25 | $2.6M | $53.4M | ||
| Q2 25 | $-1.6M | $11.1M | ||
| Q1 25 | $10.8M | $3.9M | ||
| Q4 24 | $4.6M | $30.6M | ||
| Q3 24 | $5.1M | $31.4M | ||
| Q2 24 | $3.8M | $39.1M | ||
| Q1 24 | $15.9M | $50.6M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $10.7M | $-11.6M | ||
| 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% | -21.1% | ||
| 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% | 28.2% | ||
| 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× | — | ||
| Q1 25 | 4.88× | — | ||
| Q4 24 | 1.09× | 2.44× | ||
| Q3 24 | 1.51× | 1.57× | ||
| Q2 24 | 0.68× | 2.13× | ||
| Q1 24 | 3.46× | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
