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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Udemy, Inc. (UDMY). 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 $194.0M, roughly 1.7× Udemy, Inc.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs -1.2%, a 22.6% gap on every dollar of revenue. On growth, Udemy, Inc. posted the faster year-over-year revenue change (-3.0% 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.

Udemy is a US-based education technology company. Founded as a massive open online course (MOOC) provider in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar; the company is based in San Francisco, California, with offices in the United States, Australia, India, Ireland, Mexico and Turkey. Its education platform allows both the creation and sharing of online courses. By early 2025, Udemy claimed to have millions of individual users. Courses are typically video-based and on-demand.

NMM vs UDMY — Head-to-Head

Bigger by revenue
NMM
NMM
1.7× larger
NMM
$327.6M
$194.0M
UDMY
Growing faster (revenue YoY)
UDMY
UDMY
+1.3% gap
UDMY
-3.0%
-4.3%
NMM
Higher net margin
NMM
NMM
22.6% more per $
NMM
21.4%
-1.2%
UDMY

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
UDMY
UDMY
Revenue
$327.6M
$194.0M
Net Profit
$69.9M
$-2.3M
Gross Margin
90.5%
66.0%
Operating Margin
-1.8%
Net Margin
21.4%
-1.2%
Revenue YoY
-4.3%
-3.0%
Net Profit YoY
-31.1%
76.4%
EPS (diluted)
$-0.01

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
UDMY
UDMY
Q4 25
$194.0M
Q3 25
$195.7M
Q2 25
$327.6M
$199.9M
Q1 25
$200.3M
Q4 24
$199.9M
Q3 24
$195.4M
Q2 24
$342.2M
$194.4M
Q1 24
$196.8M
Net Profit
NMM
NMM
UDMY
UDMY
Q4 25
$-2.3M
Q3 25
$1.6M
Q2 25
$69.9M
$6.3M
Q1 25
$-1.8M
Q4 24
$-9.9M
Q3 24
$-25.3M
Q2 24
$101.5M
$-31.8M
Q1 24
$-18.3M
Gross Margin
NMM
NMM
UDMY
UDMY
Q4 25
66.0%
Q3 25
65.9%
Q2 25
90.5%
66.1%
Q1 25
64.6%
Q4 24
63.6%
Q3 24
63.0%
Q2 24
88.3%
62.3%
Q1 24
61.2%
Operating Margin
NMM
NMM
UDMY
UDMY
Q4 25
-1.8%
Q3 25
-0.1%
Q2 25
2.0%
Q1 25
-2.2%
Q4 24
-5.8%
Q3 24
-15.1%
Q2 24
-13.1%
Q1 24
-11.5%
Net Margin
NMM
NMM
UDMY
UDMY
Q4 25
-1.2%
Q3 25
0.8%
Q2 25
21.4%
3.1%
Q1 25
-0.9%
Q4 24
-4.9%
Q3 24
-12.9%
Q2 24
29.7%
-16.4%
Q1 24
-9.3%
EPS (diluted)
NMM
NMM
UDMY
UDMY
Q4 25
$-0.01
Q3 25
$0.01
Q2 25
$0.04
Q1 25
$-0.01
Q4 24
$-0.06
Q3 24
$-0.17
Q2 24
$-0.21
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
UDMY
UDMY
Cash + ST InvestmentsLiquidity on hand
$377.0M
$358.7M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$210.5M
Total Assets
$5.9B
$617.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
UDMY
UDMY
Q4 25
$358.7M
Q3 25
$371.2M
Q2 25
$377.0M
$392.0M
Q1 25
$357.0M
Q4 24
$354.4M
Q3 24
$357.1M
Q2 24
$272.0M
$420.9M
Q1 24
$430.7M
Total Debt
NMM
NMM
UDMY
UDMY
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
UDMY
UDMY
Q4 25
$210.5M
Q3 25
$221.8M
Q2 25
$233.4M
Q1 25
$209.4M
Q4 24
$197.4M
Q3 24
$196.3M
Q2 24
$252.3M
Q1 24
$296.5M
Total Assets
NMM
NMM
UDMY
UDMY
Q4 25
$617.7M
Q3 25
$618.9M
Q2 25
$5.9B
$644.0M
Q1 25
$639.0M
Q4 24
$605.6M
Q3 24
$608.9M
Q2 24
$5.3B
$671.9M
Q1 24
$708.5M

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
UDMY
UDMY
Operating Cash FlowLast quarter
$15.5M
Free Cash FlowOCF − Capex
$15.0M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$81.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
UDMY
UDMY
Q4 25
$15.5M
Q3 25
$15.7M
Q2 25
$44.2M
Q1 25
$12.2M
Q4 24
$9.6M
Q3 24
$-6.1M
Q2 24
$28.6M
Q1 24
$21.0M
Free Cash Flow
NMM
NMM
UDMY
UDMY
Q4 25
$15.0M
Q3 25
$15.1M
Q2 25
$41.9M
Q1 25
$9.8M
Q4 24
$8.4M
Q3 24
$-6.7M
Q2 24
$28.2M
Q1 24
$20.8M
FCF Margin
NMM
NMM
UDMY
UDMY
Q4 25
7.7%
Q3 25
7.7%
Q2 25
21.0%
Q1 25
4.9%
Q4 24
4.2%
Q3 24
-3.4%
Q2 24
14.5%
Q1 24
10.6%
Capex Intensity
NMM
NMM
UDMY
UDMY
Q4 25
0.3%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
0.6%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
NMM
NMM
UDMY
UDMY
Q4 25
Q3 25
9.58×
Q2 25
7.06×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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