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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and REX AMERICAN RESOURCES Corp (REX). 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 $175.6M, roughly 1.9× REX AMERICAN RESOURCES Corp). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 15.6%, a 5.7% gap on every dollar of revenue. On growth, REX AMERICAN RESOURCES Corp posted the faster year-over-year revenue change (0.4% vs -4.3%).

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.

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

NMM vs REX — Head-to-Head

Bigger by revenue
NMM
NMM
1.9× larger
NMM
$327.6M
$175.6M
REX
Growing faster (revenue YoY)
REX
REX
+4.7% gap
REX
0.4%
-4.3%
NMM
Higher net margin
NMM
NMM
5.7% more per $
NMM
21.4%
15.6%
REX

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
NMM
NMM
REX
REX
Revenue
$327.6M
$175.6M
Net Profit
$69.9M
$27.5M
Gross Margin
90.5%
20.6%
Operating Margin
20.2%
Net Margin
21.4%
15.6%
Revenue YoY
-4.3%
0.4%
Net Profit YoY
-31.1%
-8.7%
EPS (diluted)
$0.71

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
REX
REX
Q4 25
$175.6M
Q3 25
$158.6M
Q2 25
$327.6M
$158.3M
Q1 25
$158.2M
Q4 24
$174.9M
Q3 24
$148.2M
Q2 24
$342.2M
$161.2M
Q1 24
$187.6M
Net Profit
NMM
NMM
REX
REX
Q4 25
$27.5M
Q3 25
$9.3M
Q2 25
$69.9M
$10.7M
Q1 25
$14.1M
Q4 24
$30.1M
Q3 24
$15.0M
Q2 24
$101.5M
$12.3M
Q1 24
$25.3M
Gross Margin
NMM
NMM
REX
REX
Q4 25
20.6%
Q3 25
9.0%
Q2 25
90.5%
9.1%
Q1 25
11.1%
Q4 24
22.7%
Q3 24
13.3%
Q2 24
88.3%
9.0%
Q1 24
16.2%
Operating Margin
NMM
NMM
REX
REX
Q4 25
20.2%
Q3 25
Q2 25
Q1 25
11.3%
Q4 24
22.6%
Q3 24
13.2%
Q2 24
9.9%
Q1 24
17.3%
Net Margin
NMM
NMM
REX
REX
Q4 25
15.6%
Q3 25
5.9%
Q2 25
21.4%
6.7%
Q1 25
8.9%
Q4 24
17.2%
Q3 24
10.1%
Q2 24
29.7%
7.6%
Q1 24
13.5%
EPS (diluted)
NMM
NMM
REX
REX
Q4 25
$0.71
Q3 25
$0.43
Q2 25
$0.51
Q1 25
$-0.32
Q4 24
$0.69
Q3 24
$0.70
Q2 24
$0.58
Q1 24
$-0.58

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
REX
REX
Cash + ST InvestmentsLiquidity on hand
$377.0M
$335.5M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$566.9M
Total Assets
$5.9B
$750.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
REX
REX
Q4 25
$335.5M
Q3 25
$310.5M
Q2 25
$377.0M
$315.9M
Q1 25
$359.1M
Q4 24
$365.1M
Q3 24
$346.0M
Q2 24
$272.0M
$351.8M
Q1 24
$378.7M
Total Debt
NMM
NMM
REX
REX
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
REX
REX
Q4 25
$566.9M
Q3 25
$545.8M
Q2 25
$536.4M
Q1 25
$560.3M
Q4 24
$564.5M
Q3 24
$539.6M
Q2 24
$524.5M
Q1 24
$513.9M
Total Assets
NMM
NMM
REX
REX
Q4 25
$750.1M
Q3 25
$700.6M
Q2 25
$5.9B
$693.8M
Q1 25
$720.0M
Q4 24
$715.7M
Q3 24
$680.0M
Q2 24
$5.3B
$671.0M
Q1 24
$664.8M

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
REX
REX
Operating Cash FlowLast quarter
$51.2M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
REX
REX
Q4 25
$51.2M
Q3 25
$16.3M
Q2 25
$-3.5M
Q1 25
$25.1M
Q4 24
$33.4M
Q3 24
$8.0M
Q2 24
$-2.3M
Q1 24
$62.5M
Free Cash Flow
NMM
NMM
REX
REX
Q4 25
$24.5M
Q3 25
$-5.7M
Q2 25
$-10.4M
Q1 25
$9.2M
Q4 24
$18.2M
Q3 24
$-7.4M
Q2 24
$-27.1M
Q1 24
$47.2M
FCF Margin
NMM
NMM
REX
REX
Q4 25
14.0%
Q3 25
-3.6%
Q2 25
-6.6%
Q1 25
5.8%
Q4 24
10.4%
Q3 24
-5.0%
Q2 24
-16.8%
Q1 24
25.2%
Capex Intensity
NMM
NMM
REX
REX
Q4 25
15.2%
Q3 25
13.9%
Q2 25
4.4%
Q1 25
10.0%
Q4 24
8.7%
Q3 24
10.4%
Q2 24
15.4%
Q1 24
8.2%
Cash Conversion
NMM
NMM
REX
REX
Q4 25
1.87×
Q3 25
1.75×
Q2 25
-0.33×
Q1 25
1.78×
Q4 24
1.11×
Q3 24
0.53×
Q2 24
-0.18×
Q1 24
2.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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