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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Voya Financial, Inc. is the larger business by last-quarter revenue ($603.0M vs $327.6M, roughly 1.8× Navios Maritime Partners L.P.). Voya Financial, Inc. runs the higher net margin — 23.2% vs 21.4%, a 1.9% gap on every dollar of revenue. On growth, Voya Financial, Inc. posted the faster year-over-year revenue change (7.5% 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.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

NMM vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
1.8× larger
VOYA
$603.0M
$327.6M
NMM
Growing faster (revenue YoY)
VOYA
VOYA
+11.8% gap
VOYA
7.5%
-4.3%
NMM
Higher net margin
VOYA
VOYA
1.9% more per $
VOYA
23.2%
21.4%
NMM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
VOYA
VOYA
Revenue
$327.6M
$603.0M
Net Profit
$69.9M
$140.0M
Gross Margin
90.5%
Operating Margin
28.0%
Net Margin
21.4%
23.2%
Revenue YoY
-4.3%
7.5%
Net Profit YoY
-31.1%
44.3%
EPS (diluted)
$1.41

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
VOYA
VOYA
Q4 25
$603.0M
Q3 25
$572.0M
Q2 25
$327.6M
$542.0M
Q1 25
$538.0M
Q4 24
$561.0M
Q3 24
$542.0M
Q2 24
$342.2M
$528.0M
Q1 24
$519.0M
Net Profit
NMM
NMM
VOYA
VOYA
Q4 25
$140.0M
Q3 25
$192.0M
Q2 25
$69.9M
$166.0M
Q1 25
$156.0M
Q4 24
$97.0M
Q3 24
$114.0M
Q2 24
$101.5M
$205.0M
Q1 24
$251.0M
Gross Margin
NMM
NMM
VOYA
VOYA
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
VOYA
VOYA
Q4 25
28.0%
Q3 25
53.7%
Q2 25
34.7%
Q1 25
32.2%
Q4 24
21.4%
Q3 24
21.4%
Q2 24
52.3%
Q1 24
55.3%
Net Margin
NMM
NMM
VOYA
VOYA
Q4 25
23.2%
Q3 25
33.6%
Q2 25
21.4%
30.6%
Q1 25
29.0%
Q4 24
17.3%
Q3 24
21.0%
Q2 24
29.7%
38.8%
Q1 24
48.4%
EPS (diluted)
NMM
NMM
VOYA
VOYA
Q4 25
$1.41
Q3 25
$1.80
Q2 25
$1.66
Q1 25
$1.42
Q4 24
$0.99
Q3 24
$0.98
Q2 24
$1.96
Q1 24
$2.24

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$377.0M
Total DebtLower is stronger
$2.0B
$2.1B
Stockholders' EquityBook value
$5.0B
Total Assets
$5.9B
$178.9B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
VOYA
VOYA
Q4 25
Q3 25
Q2 25
$377.0M
Q1 25
Q4 24
Q3 24
Q2 24
$272.0M
Q1 24
Total Debt
NMM
NMM
VOYA
VOYA
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.0B
$2.1B
Q1 25
$2.1B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$1.4B
$2.1B
Q1 24
$2.1B
Stockholders' Equity
NMM
NMM
VOYA
VOYA
Q4 25
$5.0B
Q3 25
$5.0B
Q2 25
$4.6B
Q1 25
$4.4B
Q4 24
$4.0B
Q3 24
$4.7B
Q2 24
$4.0B
Q1 24
$4.2B
Total Assets
NMM
NMM
VOYA
VOYA
Q4 25
$178.9B
Q3 25
$177.4B
Q2 25
$5.9B
$172.4B
Q1 25
$163.9B
Q4 24
$163.9B
Q3 24
$166.9B
Q2 24
$5.3B
$161.3B
Q1 24
$161.6B
Debt / Equity
NMM
NMM
VOYA
VOYA
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.45×
Q1 25
0.48×
Q4 24
0.62×
Q3 24
0.53×
Q2 24
0.52×
Q1 24
0.51×

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
VOYA
VOYA
Operating Cash FlowLast quarter
$557.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.98×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
VOYA
VOYA
Q4 25
$557.0M
Q3 25
$168.0M
Q2 25
$742.0M
Q1 25
$-179.0M
Q4 24
$79.0M
Q3 24
$719.0M
Q2 24
$316.0M
Q1 24
$231.0M
Cash Conversion
NMM
NMM
VOYA
VOYA
Q4 25
3.98×
Q3 25
0.88×
Q2 25
4.47×
Q1 25
-1.15×
Q4 24
0.81×
Q3 24
6.31×
Q2 24
1.54×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

VOYA
VOYA

Other$295.0M49%
Investment Management Segment$274.0M45%
Distribution Fees Member$34.0M6%

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