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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $252.6M, roughly 1.3× PicoCELA Inc.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs -125.2%, a 146.6% gap on every dollar of revenue.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

NMM vs PCLA — Head-to-Head

Bigger by revenue
NMM
NMM
1.3× larger
NMM
$327.6M
$252.6M
PCLA
Higher net margin
NMM
NMM
146.6% more per $
NMM
21.4%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
NMM
NMM
PCLA
PCLA
Revenue
$327.6M
$252.6M
Net Profit
$69.9M
$-316.2M
Gross Margin
90.5%
Operating Margin
-114.8%
Net Margin
21.4%
-125.2%
Revenue YoY
-4.3%
Net Profit YoY
-31.1%
EPS (diluted)

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.

Revenue
NMM
NMM
PCLA
PCLA
Q2 25
$327.6M
Q1 25
$252.6M
Q2 24
$342.2M
Q2 23
$346.9M
Q2 22
$280.7M
Net Profit
NMM
NMM
PCLA
PCLA
Q2 25
$69.9M
Q1 25
$-316.2M
Q2 24
$101.5M
Q2 23
$112.3M
Q2 22
$118.2M
Gross Margin
NMM
NMM
PCLA
PCLA
Q2 25
90.5%
Q1 25
Q2 24
88.3%
Q2 23
87.9%
Q2 22
92.3%
Operating Margin
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
-114.8%
Q2 24
Q2 23
Q2 22
Net Margin
NMM
NMM
PCLA
PCLA
Q2 25
21.4%
Q1 25
-125.2%
Q2 24
29.7%
Q2 23
32.4%
Q2 22
42.1%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMM
NMM
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$377.0M
$456.8M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$354.8M
Total Assets
$5.9B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
PCLA
PCLA
Q2 25
$377.0M
Q1 25
$456.8M
Q2 24
$272.0M
Q2 23
$261.4M
Q2 22
$163.4M
Total Debt
NMM
NMM
PCLA
PCLA
Q2 25
$2.0B
Q1 25
Q2 24
$1.4B
Q2 23
$1.6B
Q2 22
$1.1B
Stockholders' Equity
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
$354.8M
Q2 24
Q2 23
$2.6B
Q2 22
$2.0B
Total Assets
NMM
NMM
PCLA
PCLA
Q2 25
$5.9B
Q1 25
$1.2B
Q2 24
$5.3B
Q2 23
$5.0B
Q2 22
$3.7B
Debt / Equity
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
Q2 24
Q2 23
0.64×
Q2 22
0.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NMM
NMM
PCLA
PCLA
Operating Cash FlowLast quarter
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
$-245.6M
Q2 24
Q2 23
Q2 22
Free Cash Flow
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
$-256.6M
Q2 24
Q2 23
Q2 22
FCF Margin
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
-101.6%
Q2 24
Q2 23
Q2 22
Capex Intensity
NMM
NMM
PCLA
PCLA
Q2 25
Q1 25
4.3%
Q2 24
Q2 23
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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