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

TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $327.6M, roughly 1.0× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 17.9%, a 3.5% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% 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.

Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.

NMM vs TREX — Head-to-Head

Bigger by revenue
TREX
TREX
1.0× larger
TREX
$343.4M
$327.6M
NMM
Growing faster (revenue YoY)
TREX
TREX
+5.3% gap
TREX
1.0%
-4.3%
NMM
Higher net margin
NMM
NMM
3.5% more per $
NMM
21.4%
17.9%
TREX

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
NMM
NMM
TREX
TREX
Revenue
$327.6M
$343.4M
Net Profit
$69.9M
$61.4M
Gross Margin
90.5%
40.5%
Operating Margin
24.3%
Net Margin
21.4%
17.9%
Revenue YoY
-4.3%
1.0%
Net Profit YoY
-31.1%
1.6%
EPS (diluted)
$0.58

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
TREX
TREX
Q1 26
$343.4M
Q4 25
$161.1M
Q3 25
$285.3M
Q2 25
$327.6M
$387.8M
Q1 25
$340.0M
Q4 24
$167.6M
Q3 24
$233.7M
Q2 24
$342.2M
$376.5M
Net Profit
NMM
NMM
TREX
TREX
Q1 26
$61.4M
Q4 25
$2.3M
Q3 25
$51.8M
Q2 25
$69.9M
$75.9M
Q1 25
$60.4M
Q4 24
$9.8M
Q3 24
$40.6M
Q2 24
$101.5M
$87.0M
Gross Margin
NMM
NMM
TREX
TREX
Q1 26
40.5%
Q4 25
30.2%
Q3 25
40.5%
Q2 25
90.5%
40.8%
Q1 25
40.5%
Q4 24
32.7%
Q3 24
39.9%
Q2 24
88.3%
44.7%
Operating Margin
NMM
NMM
TREX
TREX
Q1 26
24.3%
Q4 25
2.2%
Q3 25
24.7%
Q2 25
26.4%
Q1 25
24.0%
Q4 24
9.2%
Q3 24
23.2%
Q2 24
31.1%
Net Margin
NMM
NMM
TREX
TREX
Q1 26
17.9%
Q4 25
1.4%
Q3 25
18.1%
Q2 25
21.4%
19.6%
Q1 25
17.8%
Q4 24
5.8%
Q3 24
17.4%
Q2 24
29.7%
23.1%
EPS (diluted)
NMM
NMM
TREX
TREX
Q1 26
$0.58
Q4 25
$0.03
Q3 25
$0.48
Q2 25
$0.71
Q1 25
$0.56
Q4 24
$0.10
Q3 24
$0.37
Q2 24
$0.80

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
TREX
TREX
Cash + ST InvestmentsLiquidity on hand
$377.0M
$4.5M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$995.8M
Total Assets
$5.9B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
TREX
TREX
Q1 26
$4.5M
Q4 25
$3.8M
Q3 25
$11.4M
Q2 25
$377.0M
$5.5M
Q1 25
$5.0M
Q4 24
$1.3M
Q3 24
$12.8M
Q2 24
$272.0M
$1.2M
Total Debt
NMM
NMM
TREX
TREX
Q1 26
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Stockholders' Equity
NMM
NMM
TREX
TREX
Q1 26
$995.8M
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$989.3M
Q1 25
$910.1M
Q4 24
$850.1M
Q3 24
$887.9M
Q2 24
$894.9M
Total Assets
NMM
NMM
TREX
TREX
Q1 26
$1.7B
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$5.9B
$1.5B
Q1 25
$1.6B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$5.3B
$1.3B

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
TREX
TREX
Operating Cash FlowLast quarter
$-118.4M
Free Cash FlowOCF − Capex
$-143.4M
FCF MarginFCF / Revenue
-41.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.93×
TTM Free Cash FlowTrailing 4 quarters
$224.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
TREX
TREX
Q1 26
$-118.4M
Q4 25
$65.5M
Q3 25
$196.9M
Q2 25
$249.8M
Q1 25
$-154.0M
Q4 24
$-8.5M
Q3 24
$132.8M
Q2 24
$193.7M
Free Cash Flow
NMM
NMM
TREX
TREX
Q1 26
$-143.4M
Q4 25
$22.1M
Q3 25
$142.9M
Q2 25
$203.0M
Q1 25
$-233.5M
Q4 24
$-89.3M
Q3 24
$54.5M
Q2 24
$158.2M
FCF Margin
NMM
NMM
TREX
TREX
Q1 26
-41.8%
Q4 25
13.7%
Q3 25
50.1%
Q2 25
52.3%
Q1 25
-68.7%
Q4 24
-53.3%
Q3 24
23.3%
Q2 24
42.0%
Capex Intensity
NMM
NMM
TREX
TREX
Q1 26
Q4 25
26.9%
Q3 25
18.9%
Q2 25
12.1%
Q1 25
23.4%
Q4 24
48.2%
Q3 24
33.5%
Q2 24
9.4%
Cash Conversion
NMM
NMM
TREX
TREX
Q1 26
-1.93×
Q4 25
28.45×
Q3 25
3.80×
Q2 25
3.29×
Q1 25
-2.55×
Q4 24
-0.87×
Q3 24
3.27×
Q2 24
2.23×

Financial Flow Comparison

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

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