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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and SFL Corp Ltd. (SFL). Click either name above to swap in a different company.
SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $327.6M, roughly 1.1× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 1.1%, a 20.2% gap on every dollar of revenue. On growth, Navios Maritime Partners L.P. posted the faster year-over-year revenue change (-4.3% vs -27.0%).
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.
SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.
NMM vs SFL — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $327.6M | $353.7M |
| Net Profit | $69.9M | $4.0M |
| Gross Margin | 90.5% | — |
| Operating Margin | — | 22.8% |
| Net Margin | 21.4% | 1.1% |
| Revenue YoY | -4.3% | -27.0% |
| Net Profit YoY | -31.1% | -93.9% |
| EPS (diluted) | — | $0.03 |
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 | — | $353.7M | ||
| Q2 25 | $327.6M | — | ||
| Q4 24 | — | $484.4M | ||
| Q2 24 | $342.2M | — | ||
| Q4 23 | — | $414.5M | ||
| Q2 23 | $346.9M | — | ||
| Q4 22 | — | $364.7M | ||
| Q2 22 | $280.7M | — |
| Q4 25 | — | $4.0M | ||
| Q2 25 | $69.9M | — | ||
| Q4 24 | — | $64.7M | ||
| Q2 24 | $101.5M | — | ||
| Q4 23 | — | $60.7M | ||
| Q2 23 | $112.3M | — | ||
| Q4 22 | — | $98.3M | ||
| Q2 22 | $118.2M | — |
| Q4 25 | — | — | ||
| Q2 25 | 90.5% | — | ||
| Q4 24 | — | — | ||
| Q2 24 | 88.3% | — | ||
| Q4 23 | — | — | ||
| Q2 23 | 87.9% | — | ||
| Q4 22 | — | — | ||
| Q2 22 | 92.3% | — |
| Q4 25 | — | 22.8% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 32.8% | ||
| Q2 24 | — | — | ||
| Q4 23 | — | 33.4% | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 38.3% | ||
| Q2 22 | — | — |
| Q4 25 | — | 1.1% | ||
| Q2 25 | 21.4% | — | ||
| Q4 24 | — | 13.4% | ||
| Q2 24 | 29.7% | — | ||
| Q4 23 | — | 14.6% | ||
| Q2 23 | 32.4% | — | ||
| Q4 22 | — | 27.0% | ||
| Q2 22 | 42.1% | — |
| Q4 25 | — | $0.03 | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $0.49 | ||
| Q2 24 | — | — | ||
| Q4 23 | — | $0.48 | ||
| Q2 23 | — | — | ||
| Q4 22 | — | $0.74 | ||
| Q2 22 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $377.0M | $150.8M |
| Total DebtLower is stronger | $2.0B | $2.6B |
| Stockholders' EquityBook value | — | $960.9M |
| Total Assets | $5.9B | $3.6B |
| Debt / EquityLower = less leverage | — | 2.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $150.8M | ||
| Q2 25 | $377.0M | — | ||
| Q4 24 | — | $134.6M | ||
| Q2 24 | $272.0M | — | ||
| Q4 23 | — | $165.5M | ||
| Q2 23 | $261.4M | — | ||
| Q4 22 | — | $188.4M | ||
| Q2 22 | $163.4M | — |
| Q4 25 | — | $2.6B | ||
| Q2 25 | $2.0B | — | ||
| Q4 24 | — | $2.9B | ||
| Q2 24 | $1.4B | — | ||
| Q4 23 | — | $2.2B | ||
| Q2 23 | $1.6B | — | ||
| Q4 22 | — | $2.2B | ||
| Q2 22 | $1.1B | — |
| Q4 25 | — | $960.9M | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q2 24 | — | — | ||
| Q4 23 | — | $1.0B | ||
| Q2 23 | $2.6B | — | ||
| Q4 22 | — | $1.1B | ||
| Q2 22 | $2.0B | — |
| Q4 25 | — | $3.6B | ||
| Q2 25 | $5.9B | — | ||
| Q4 24 | — | $4.1B | ||
| Q2 24 | $5.3B | — | ||
| Q4 23 | — | $3.7B | ||
| Q2 23 | $5.0B | — | ||
| Q4 22 | — | $3.9B | ||
| Q2 22 | $3.7B | — |
| Q4 25 | — | 2.69× | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 2.54× | ||
| Q2 24 | — | — | ||
| Q4 23 | — | 2.08× | ||
| Q2 23 | 0.64× | — | ||
| Q4 22 | — | 2.03× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $118.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 29.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.4M | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $182.4M | ||
| Q2 24 | — | — | ||
| Q4 23 | — | $112.1M | ||
| Q2 23 | — | — | ||
| Q4 22 | — | $188.4M | ||
| Q2 22 | — | — |
| Q4 25 | — | 29.75× | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 2.82× | ||
| Q2 24 | — | — | ||
| Q4 23 | — | 1.85× | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 1.92× | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
