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MARINE PRODUCTS CORP（MPX）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是MARINE PRODUCTS CORP的1.3倍（$81.3M vs $64.6M），MARINE PRODUCTS CORP净利率更高（3.7% vs -72.8%，领先76.5%），MARINE PRODUCTS CORP同比增速更快（35.0% vs 32.6%），MARINE PRODUCTS CORP自由现金流更多（$4.1M vs $1.9M），过去两年Planet Labs PBC的营收复合增速更高（17.5% vs -3.5%）
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
MPX vs PL — 直观对比
营收规模更大
PL
是对方的1.3倍
$64.6M
营收增速更快
MPX
高出2.4%
32.6%
净利率更高
MPX
高出76.5%
-72.8%
自由现金流更多
MPX
多$2.3M
$1.9M
两年增速更快
PL
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $81.3M |
| 净利润 | $2.4M | $-59.2M |
| 毛利率 | 19.6% | 57.3% |
| 营业利润率 | 5.8% | -22.6% |
| 净利率 | 3.7% | -72.8% |
| 营收同比 | 35.0% | 32.6% |
| 净利润同比 | -44.6% | -194.7% |
| 每股收益（稀释后） | $0.07 | $-0.19 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MPXPL
| Q4 25 | $64.6M | $81.3M | ||
| Q3 25 | $53.1M | $73.4M | ||
| Q2 25 | $67.7M | $66.3M | ||
| Q1 25 | $59.0M | $61.6M | ||
| Q4 24 | $47.8M | $61.3M | ||
| Q3 24 | $49.9M | $61.1M | ||
| Q2 24 | $69.5M | $60.4M | ||
| Q1 24 | $69.3M | $58.9M |
净利润MPXPL
| Q4 25 | $2.4M | $-59.2M | ||
| Q3 25 | $2.6M | $-22.6M | ||
| Q2 25 | $4.2M | $-12.6M | ||
| Q1 25 | $2.2M | $-35.2M | ||
| Q4 24 | $4.3M | $-20.1M | ||
| Q3 24 | $3.4M | $-38.7M | ||
| Q2 24 | $5.6M | $-29.3M | ||
| Q1 24 | $4.6M | $-30.1M |
毛利率MPXPL
| Q4 25 | 19.6% | 57.3% | ||
| Q3 25 | 19.2% | 57.6% | ||
| Q2 25 | 19.1% | 55.2% | ||
| Q1 25 | 18.6% | 62.1% | ||
| Q4 24 | 19.2% | 61.2% | ||
| Q3 24 | 18.4% | 52.9% | ||
| Q2 24 | 18.9% | 52.4% | ||
| Q1 24 | 20.2% | 55.2% |
营业利润率MPXPL
| Q4 25 | 5.8% | -22.6% | ||
| Q3 25 | 5.4% | -24.5% | ||
| Q2 25 | 7.1% | -34.4% | ||
| Q1 25 | 4.4% | -31.5% | ||
| Q4 24 | 7.7% | -36.9% | ||
| Q3 24 | 7.2% | -64.8% | ||
| Q2 24 | 8.3% | -57.2% | ||
| Q1 24 | 7.6% | -57.6% |
净利率MPXPL
| Q4 25 | 3.7% | -72.8% | ||
| Q3 25 | 5.0% | -30.8% | ||
| Q2 25 | 6.1% | -19.1% | ||
| Q1 25 | 3.7% | -57.1% | ||
| Q4 24 | 8.9% | -32.8% | ||
| Q3 24 | 6.8% | -63.3% | ||
| Q2 24 | 8.0% | -48.5% | ||
| Q1 24 | 6.6% | -51.1% |
每股收益（稀释后）MPXPL
| Q4 25 | $0.07 | $-0.19 | ||
| Q3 25 | $0.07 | $-0.07 | ||
| Q2 25 | $0.12 | $-0.04 | ||
| Q1 25 | $0.06 | $-0.12 | ||
| Q4 24 | $0.13 | $-0.07 | ||
| Q3 24 | $0.10 | $-0.13 | ||
| Q2 24 | $0.14 | $-0.10 | ||
| Q1 24 | $0.13 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $125.0M | $349.6M |
| 总资产 | $147.2M | $1.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MPXPL
| Q4 25 | — | $443.3M | ||
| Q3 25 | — | $181.1M | ||
| Q2 25 | — | $133.5M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $139.0M | ||
| Q3 24 | — | $148.3M | ||
| Q2 24 | — | $107.4M | ||
| Q1 24 | — | $83.9M |
股东权益MPXPL
| Q4 25 | $125.0M | $349.6M | ||
| Q3 25 | $126.3M | $435.7M | ||
| Q2 25 | $127.2M | $444.8M | ||
| Q1 25 | $126.4M | $441.3M | ||
| Q4 24 | $129.0M | $464.6M | ||
| Q3 24 | $128.8M | $473.2M | ||
| Q2 24 | $129.3M | $500.3M | ||
| Q1 24 | $151.4M | $518.0M |
总资产MPXPL
| Q4 25 | $147.2M | $1.1B | ||
| Q3 25 | $179.5M | $696.4M | ||
| Q2 25 | $173.2M | $658.4M | ||
| Q1 25 | $182.9M | $633.8M | ||
| Q4 24 | $171.2M | $630.8M | ||
| Q3 24 | $176.3M | $658.4M | ||
| Q2 24 | $175.7M | $674.6M | ||
| Q1 24 | $204.0M | $702.0M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $4.7M | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $4.1M | $1.9M |
| 自由现金流率自由现金流/营收 | 6.4% | 2.3% |
| 资本支出强度资本支出/营收 | 0.9% | 32.9% |
| 现金转化率经营现金流/净利润 | 2.00× | — |
| 过去12个月自由现金流最近4个季度 | $14.9M | $40.7M |
8季度趋势，按日历期对齐
经营现金流MPXPL
| Q4 25 | $4.7M | $28.6M | ||
| Q3 25 | $2.6M | $67.8M | ||
| Q2 25 | $-1.6M | $17.3M | ||
| Q1 25 | $10.8M | $-6.3M | ||
| Q4 24 | $4.6M | $4.1M | ||
| Q3 24 | $5.1M | $-7.9M | ||
| Q2 24 | $3.8M | $-4.3M | ||
| Q1 24 | $15.9M | $-6.8M |
自由现金流MPXPL
| Q4 25 | $4.1M | $1.9M | ||
| Q3 25 | $2.1M | $47.5M | ||
| Q2 25 | $-2.0M | $9.2M | ||
| Q1 25 | $10.7M | $-17.9M | ||
| Q4 24 | $3.6M | $-3.6M | ||
| Q3 24 | $3.2M | $-23.0M | ||
| Q2 24 | $3.0M | $-14.2M | ||
| Q1 24 | $15.0M | $-15.7M |
自由现金流率MPXPL
| Q4 25 | 6.4% | 2.3% | ||
| Q3 25 | 4.0% | 64.7% | ||
| Q2 25 | -3.0% | 13.9% | ||
| Q1 25 | 18.1% | -29.1% | ||
| Q4 24 | 7.6% | -5.8% | ||
| Q3 24 | 6.5% | -37.6% | ||
| Q2 24 | 4.4% | -23.6% | ||
| Q1 24 | 21.7% | -26.7% |
资本支出强度MPXPL
| Q4 25 | 0.9% | 32.9% | ||
| Q3 25 | 0.8% | 27.6% | ||
| Q2 25 | 0.6% | 12.3% | ||
| Q1 25 | 0.2% | 18.9% | ||
| Q4 24 | 2.1% | 12.5% | ||
| Q3 24 | 3.8% | 24.8% | ||
| Q2 24 | 1.1% | 16.4% | ||
| Q1 24 | 1.3% | 15.1% |
现金转化率MPXPL
| Q4 25 | 2.00× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | -0.39× | — | ||
| Q1 25 | 4.88× | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 3.46× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
