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

RLI CORP is the larger business by last-quarter revenue ($465.7M vs $327.6M, roughly 1.4× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 19.6%, a 1.8% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% 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.

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

NMM vs RLI — Head-to-Head

Bigger by revenue
RLI
RLI
1.4× larger
RLI
$465.7M
$327.6M
NMM
Growing faster (revenue YoY)
RLI
RLI
+10.3% gap
RLI
6.1%
-4.3%
NMM
Higher net margin
NMM
NMM
1.8% more per $
NMM
21.4%
19.6%
RLI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
RLI
RLI
Revenue
$327.6M
$465.7M
Net Profit
$69.9M
$91.2M
Gross Margin
90.5%
Operating Margin
24.4%
Net Margin
21.4%
19.6%
Revenue YoY
-4.3%
6.1%
Net Profit YoY
-31.1%
123.1%
EPS (diluted)
$1.00

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
RLI
RLI
Q4 25
$465.7M
Q3 25
$509.3M
Q2 25
$327.6M
$499.8M
Q1 25
$407.7M
Q4 24
$439.1M
Q3 24
$470.0M
Q2 24
$342.2M
$416.4M
Q1 24
$444.8M
Net Profit
NMM
NMM
RLI
RLI
Q4 25
$91.2M
Q3 25
$124.6M
Q2 25
$69.9M
$124.3M
Q1 25
$63.2M
Q4 24
$40.9M
Q3 24
$95.0M
Q2 24
$101.5M
$82.0M
Q1 24
$127.9M
Gross Margin
NMM
NMM
RLI
RLI
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
RLI
RLI
Q4 25
24.4%
Q3 25
30.9%
Q2 25
31.3%
Q1 25
19.3%
Q4 24
10.8%
Q3 24
24.9%
Q2 24
24.8%
Q1 24
36.0%
Net Margin
NMM
NMM
RLI
RLI
Q4 25
19.6%
Q3 25
24.5%
Q2 25
21.4%
24.9%
Q1 25
15.5%
Q4 24
9.3%
Q3 24
20.2%
Q2 24
29.7%
19.7%
Q1 24
28.8%
EPS (diluted)
NMM
NMM
RLI
RLI
Q4 25
$1.00
Q3 25
$1.35
Q2 25
$1.34
Q1 25
$0.68
Q4 24
$-2.87
Q3 24
$2.06
Q2 24
$1.78
Q1 24
$2.77

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
RLI
RLI
Cash + ST InvestmentsLiquidity on hand
$377.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$1.8B
Total Assets
$5.9B
$6.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
RLI
RLI
Q4 25
Q3 25
Q2 25
$377.0M
Q1 25
Q4 24
Q3 24
Q2 24
$272.0M
Q1 24
Total Debt
NMM
NMM
RLI
RLI
Q4 25
Q3 25
$100.0M
Q2 25
$2.0B
$100.0M
Q1 25
$100.0M
Q4 24
$100.0M
Q3 24
$100.0M
Q2 24
$1.4B
$100.0M
Q1 24
$100.0M
Stockholders' Equity
NMM
NMM
RLI
RLI
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
NMM
NMM
RLI
RLI
Q4 25
$6.2B
Q3 25
$6.2B
Q2 25
$5.9B
$6.0B
Q1 25
$5.7B
Q4 24
$5.6B
Q3 24
$5.8B
Q2 24
$5.3B
$5.5B
Q1 24
$5.3B
Debt / Equity
NMM
NMM
RLI
RLI
Q4 25
Q3 25
0.05×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.07×
Q3 24
0.06×
Q2 24
0.06×
Q1 24
0.07×

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
RLI
RLI
Operating Cash FlowLast quarter
$156.8M
Free Cash FlowOCF − Capex
$155.0M
FCF MarginFCF / Revenue
33.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$608.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
RLI
RLI
Q4 25
$156.8M
Q3 25
$179.2M
Q2 25
$174.7M
Q1 25
$103.5M
Q4 24
$128.1M
Q3 24
$219.4M
Q2 24
$141.8M
Q1 24
$70.9M
Free Cash Flow
NMM
NMM
RLI
RLI
Q4 25
$155.0M
Q3 25
$177.8M
Q2 25
$173.4M
Q1 25
$102.5M
Q4 24
$127.6M
Q3 24
$219.0M
Q2 24
$139.1M
Q1 24
$69.9M
FCF Margin
NMM
NMM
RLI
RLI
Q4 25
33.3%
Q3 25
34.9%
Q2 25
34.7%
Q1 25
25.1%
Q4 24
29.0%
Q3 24
46.6%
Q2 24
33.4%
Q1 24
15.7%
Capex Intensity
NMM
NMM
RLI
RLI
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.2%
Cash Conversion
NMM
NMM
RLI
RLI
Q4 25
1.72×
Q3 25
1.44×
Q2 25
1.41×
Q1 25
1.64×
Q4 24
3.13×
Q3 24
2.31×
Q2 24
1.73×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

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