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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and T1 Energy Inc. (TE). 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 $210.5M, roughly 1.6× T1 Energy Inc.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs -62.0%, a 83.4% 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.

Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.

NMM vs TE — Head-to-Head

Bigger by revenue
NMM
NMM
1.6× larger
NMM
$327.6M
$210.5M
TE
Higher net margin
NMM
NMM
83.4% more per $
NMM
21.4%
-62.0%
TE

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
NMM
NMM
TE
TE
Revenue
$327.6M
$210.5M
Net Profit
$69.9M
$-130.6M
Gross Margin
90.5%
10.0%
Operating Margin
-45.0%
Net Margin
21.4%
-62.0%
Revenue YoY
-4.3%
Net Profit YoY
-31.1%
-375.2%
EPS (diluted)
$-0.87

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
TE
TE
Q3 25
$210.5M
Q2 25
$327.6M
$132.8M
Q1 25
$53.5M
Q3 24
$0
Q2 24
$342.2M
$0
Q1 24
$0
Q2 23
$346.9M
Q2 22
$280.7M
Net Profit
NMM
NMM
TE
TE
Q3 25
$-130.6M
Q2 25
$69.9M
$-31.9M
Q1 25
$-16.2M
Q3 24
$-27.5M
Q2 24
$101.5M
$-27.0M
Q1 24
$-28.5M
Q2 23
$112.3M
Q2 22
$118.2M
Gross Margin
NMM
NMM
TE
TE
Q3 25
10.0%
Q2 25
90.5%
24.7%
Q1 25
33.3%
Q3 24
Q2 24
88.3%
Q1 24
Q2 23
87.9%
Q2 22
92.3%
Operating Margin
NMM
NMM
TE
TE
Q3 25
-45.0%
Q2 25
-22.0%
Q1 25
-44.2%
Q3 24
Q2 24
Q1 24
Q2 23
Q2 22
Net Margin
NMM
NMM
TE
TE
Q3 25
-62.0%
Q2 25
21.4%
-24.0%
Q1 25
-30.4%
Q3 24
Q2 24
29.7%
Q1 24
Q2 23
32.4%
Q2 22
42.1%
EPS (diluted)
NMM
NMM
TE
TE
Q3 25
$-0.87
Q2 25
$-0.21
Q1 25
$-0.11
Q3 24
$-0.20
Q2 24
$-0.19
Q1 24
$-0.20
Q2 23
Q2 22

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
TE
TE
Cash + ST InvestmentsLiquidity on hand
$377.0M
$34.1M
Total DebtLower is stronger
$2.0B
$547.3M
Stockholders' EquityBook value
$96.9M
Total Assets
$5.9B
$1.4B
Debt / EquityLower = less leverage
5.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
TE
TE
Q3 25
$34.1M
Q2 25
$377.0M
$8.5M
Q1 25
$48.9M
Q3 24
$181.9M
Q2 24
$272.0M
$219.6M
Q1 24
$249.9M
Q2 23
$261.4M
Q2 22
$163.4M
Total Debt
NMM
NMM
TE
TE
Q3 25
$547.3M
Q2 25
$2.0B
$591.2M
Q1 25
$603.2M
Q3 24
Q2 24
$1.4B
Q1 24
$602.3M
Q2 23
$1.6B
Q2 22
$1.1B
Stockholders' Equity
NMM
NMM
TE
TE
Q3 25
$96.9M
Q2 25
$183.9M
Q1 25
$201.9M
Q3 24
$538.7M
Q2 24
$561.6M
Q1 24
$582.3M
Q2 23
$2.6B
Q2 22
$2.0B
Total Assets
NMM
NMM
TE
TE
Q3 25
$1.4B
Q2 25
$5.9B
$1.4B
Q1 25
$1.4B
Q3 24
$615.0M
Q2 24
$5.3B
$644.4M
Q1 24
$670.3M
Q2 23
$5.0B
Q2 22
$3.7B
Debt / Equity
NMM
NMM
TE
TE
Q3 25
5.65×
Q2 25
3.21×
Q1 25
2.99×
Q3 24
Q2 24
Q1 24
1.03×
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
TE
TE
Operating Cash FlowLast quarter
$63.9M
Free Cash FlowOCF − Capex
$55.0M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
TE
TE
Q3 25
$63.9M
Q2 25
$33.4M
Q1 25
$-44.8M
Q3 24
$-28.4M
Q2 24
$-28.0M
Q1 24
$-16.2M
Q2 23
Q2 22
Free Cash Flow
NMM
NMM
TE
TE
Q3 25
$55.0M
Q2 25
$10.6M
Q1 25
$-74.0M
Q3 24
$-34.0M
Q2 24
$-35.6M
Q1 24
$-37.7M
Q2 23
Q2 22
FCF Margin
NMM
NMM
TE
TE
Q3 25
26.1%
Q2 25
8.0%
Q1 25
-138.4%
Q3 24
Q2 24
Q1 24
Q2 23
Q2 22
Capex Intensity
NMM
NMM
TE
TE
Q3 25
4.2%
Q2 25
17.2%
Q1 25
54.5%
Q3 24
Q2 24
Q1 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.

TE
TE

Related Party$120.1M57%
Nonrelated Party$90.4M43%

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