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MARINE PRODUCTS CORP（MPX）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
MARINE PRODUCTS CORP的季度营收约是REGIS CORP的1.1倍（$64.6M vs $57.1M），MARINE PRODUCTS CORP净利率更高（3.7% vs 0.8%，领先2.9%），MARINE PRODUCTS CORP同比增速更快（35.0% vs 22.3%），MARINE PRODUCTS CORP自由现金流更多（$4.1M vs $891.0K），过去两年REGIS CORP的营收复合增速更高（7.8% 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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
MPX vs RGS — 直观对比
营收规模更大
MPX
是对方的1.1倍
$57.1M
营收增速更快
MPX
高出12.8%
22.3%
净利率更高
MPX
高出2.9%
0.8%
自由现金流更多
MPX
多$3.3M
$891.0K
两年增速更快
RGS
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $57.1M |
| 净利润 | $2.4M | $456.0K |
| 毛利率 | 19.6% | — |
| 营业利润率 | 5.8% | 10.8% |
| 净利率 | 3.7% | 0.8% |
| 营收同比 | 35.0% | 22.3% |
| 净利润同比 | -44.6% | -94.0% |
| 每股收益（稀释后） | $0.07 | $0.16 |
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MPXRGS
| Q4 25 | $64.6M | $57.1M | ||
| Q3 25 | $53.1M | $59.0M | ||
| Q2 25 | $67.7M | $60.4M | ||
| Q1 25 | $59.0M | $57.0M | ||
| Q4 24 | $47.8M | $46.7M | ||
| Q3 24 | $49.9M | $46.1M | ||
| Q2 24 | $69.5M | $49.4M | ||
| Q1 24 | $69.3M | $49.2M |
净利润MPXRGS
| Q4 25 | $2.4M | $456.0K | ||
| Q3 25 | $2.6M | $1.4M | ||
| Q2 25 | $4.2M | $116.5M | ||
| Q1 25 | $2.2M | $250.0K | ||
| Q4 24 | $4.3M | $7.6M | ||
| Q3 24 | $3.4M | $-853.0K | ||
| Q2 24 | $5.6M | $91.2M | ||
| Q1 24 | $4.6M | $-2.3M |
毛利率MPXRGS
| Q4 25 | 19.6% | — | ||
| Q3 25 | 19.2% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 18.9% | — | ||
| Q1 24 | 20.2% | — |
营业利润率MPXRGS
| Q4 25 | 5.8% | 10.8% | ||
| Q3 25 | 5.4% | 10.0% | ||
| Q2 25 | 7.1% | 12.1% | ||
| Q1 25 | 4.4% | 8.8% | ||
| Q4 24 | 7.7% | 11.8% | ||
| Q3 24 | 7.2% | 4.6% | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 7.6% | 8.3% |
净利率MPXRGS
| Q4 25 | 3.7% | 0.8% | ||
| Q3 25 | 5.0% | 2.3% | ||
| Q2 25 | 6.1% | 192.9% | ||
| Q1 25 | 3.7% | 0.4% | ||
| Q4 24 | 8.9% | 16.4% | ||
| Q3 24 | 6.8% | -1.9% | ||
| Q2 24 | 8.0% | 184.7% | ||
| Q1 24 | 6.6% | -4.7% |
每股收益（稀释后）MPXRGS
| Q4 25 | $0.07 | $0.16 | ||
| Q3 25 | $0.07 | $0.49 | ||
| Q2 25 | $0.12 | $43.67 | ||
| Q1 25 | $0.06 | $0.08 | ||
| Q4 24 | $0.13 | $2.71 | ||
| Q3 24 | $0.10 | $-0.36 | ||
| Q2 24 | $0.14 | $38.40 | ||
| Q1 24 | $0.13 | $-1.00 |
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 | — | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $125.0M | $188.7M |
| 总资产 | $147.2M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资MPXRGS
| Q4 25 | — | $18.4M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $17.0M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $10.2M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $5.9M |
总债务MPXRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益MPXRGS
| Q4 25 | $125.0M | $188.7M | ||
| Q3 25 | $126.3M | $187.6M | ||
| Q2 25 | $127.2M | $185.6M | ||
| Q1 25 | $126.4M | $68.6M | ||
| Q4 24 | $129.0M | $66.7M | ||
| Q3 24 | $128.8M | $56.4M | ||
| Q2 24 | $129.3M | $56.8M | ||
| Q1 24 | $151.4M | $-35.8M |
总资产MPXRGS
| Q4 25 | $147.2M | $588.3M | ||
| Q3 25 | $179.5M | $592.1M | ||
| Q2 25 | $173.2M | $599.0M | ||
| Q1 25 | $182.9M | $511.2M | ||
| Q4 24 | $171.2M | $530.1M | ||
| Q3 24 | $176.3M | $508.9M | ||
| Q2 24 | $175.7M | $530.5M | ||
| Q1 24 | $204.0M | $543.7M |
负债/权益比MPXRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $4.1M | $891.0K |
| 自由现金流率自由现金流/营收 | 6.4% | 1.6% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.00× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $14.9M | $14.9M |
8季度趋势，按日历期对齐
经营现金流MPXRGS
| Q4 25 | $4.7M | $1.7M | ||
| Q3 25 | $2.6M | $2.3M | ||
| Q2 25 | $-1.6M | $6.8M | ||
| Q1 25 | $10.8M | $6.2M | ||
| Q4 24 | $4.6M | $2.1M | ||
| Q3 24 | $5.1M | $-1.3M | ||
| Q2 24 | $3.8M | $5.1M | ||
| Q1 24 | $15.9M | $-277.0K |
自由现金流MPXRGS
| Q4 25 | $4.1M | $891.0K | ||
| Q3 25 | $2.1M | $1.9M | ||
| Q2 25 | $-2.0M | $6.2M | ||
| Q1 25 | $10.7M | $5.9M | ||
| Q4 24 | $3.6M | $1.7M | ||
| Q3 24 | $3.2M | $-1.4M | ||
| Q2 24 | $3.0M | $5.1M | ||
| Q1 24 | $15.0M | $-326.0K |
自由现金流率MPXRGS
| Q4 25 | 6.4% | 1.6% | ||
| Q3 25 | 4.0% | 3.2% | ||
| Q2 25 | -3.0% | 10.3% | ||
| Q1 25 | 18.1% | 10.3% | ||
| Q4 24 | 7.6% | 3.6% | ||
| Q3 24 | 6.5% | -3.0% | ||
| Q2 24 | 4.4% | 10.3% | ||
| Q1 24 | 21.7% | -0.7% |
资本支出强度MPXRGS
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 0.8% | 0.7% | ||
| Q2 25 | 0.6% | 0.9% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | 2.1% | 0.9% | ||
| Q3 24 | 3.8% | 0.0% | ||
| Q2 24 | 1.1% | 0.0% | ||
| Q1 24 | 1.3% | 0.1% |
现金转化率MPXRGS
| Q4 25 | 2.00× | 3.65× | ||
| Q3 25 | 0.97× | 1.68× | ||
| Q2 25 | -0.39× | 0.06× | ||
| Q1 25 | 4.88× | 24.80× | ||
| Q4 24 | 1.09× | 0.28× | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 0.68× | 0.06× | ||
| 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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
