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MARINE PRODUCTS CORP（MPX）与STEM, INC.（STEM）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STEM, INC.的1.4倍（$64.6M vs $47.1M），MARINE PRODUCTS CORP净利率更高（3.7% vs -33.9%，领先37.6%），MARINE PRODUCTS CORP同比增速更快（35.0% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
MPX vs STEM — 直观对比
营收规模更大
MPX
是对方的1.4倍
$47.1M
营收增速更快
MPX
高出50.6%
-15.6%
净利率更高
MPX
高出37.6%
-33.9%
两年增速更快
STEM
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $47.1M |
| 净利润 | $2.4M | $-16.0M |
| 毛利率 | 19.6% | 48.9% |
| 营业利润率 | 5.8% | -17.7% |
| 净利率 | 3.7% | -33.9% |
| 营收同比 | 35.0% | -15.6% |
| 净利润同比 | -44.6% | 68.8% |
| 每股收益（稀释后） | $0.07 | $-4.40 |
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MPXSTEM
| Q4 25 | $64.6M | $47.1M | ||
| Q3 25 | $53.1M | $38.2M | ||
| Q2 25 | $67.7M | $38.4M | ||
| Q1 25 | $59.0M | $32.5M | ||
| Q4 24 | $47.8M | $55.8M | ||
| Q3 24 | $49.9M | $29.3M | ||
| Q2 24 | $69.5M | $34.0M | ||
| Q1 24 | $69.3M | $25.5M |
净利润MPXSTEM
| Q4 25 | $2.4M | $-16.0M | ||
| Q3 25 | $2.6M | $-23.8M | ||
| Q2 25 | $4.2M | $202.5M | ||
| Q1 25 | $2.2M | $-25.0M | ||
| Q4 24 | $4.3M | $-51.1M | ||
| Q3 24 | $3.4M | $-148.3M | ||
| Q2 24 | $5.6M | $-582.3M | ||
| Q1 24 | $4.6M | $-72.3M |
毛利率MPXSTEM
| Q4 25 | 19.6% | 48.9% | ||
| Q3 25 | 19.2% | 35.5% | ||
| Q2 25 | 19.1% | 33.4% | ||
| Q1 25 | 18.6% | 32.4% | ||
| Q4 24 | 19.2% | -4.4% | ||
| Q3 24 | 18.4% | 21.2% | ||
| Q2 24 | 18.9% | 27.6% | ||
| Q1 24 | 20.2% | -95.0% |
营业利润率MPXSTEM
| Q4 25 | 5.8% | -17.7% | ||
| Q3 25 | 5.4% | -33.6% | ||
| Q2 25 | 7.1% | -34.8% | ||
| Q1 25 | 4.4% | -65.0% | ||
| Q4 24 | 7.7% | -84.4% | ||
| Q3 24 | 7.2% | -493.2% | ||
| Q2 24 | 8.3% | -1705.5% | ||
| Q1 24 | 7.6% | -267.0% |
净利率MPXSTEM
| Q4 25 | 3.7% | -33.9% | ||
| Q3 25 | 5.0% | -62.2% | ||
| Q2 25 | 6.1% | 527.8% | ||
| Q1 25 | 3.7% | -76.9% | ||
| Q4 24 | 8.9% | -91.6% | ||
| Q3 24 | 6.8% | -506.3% | ||
| Q2 24 | 8.0% | -1712.6% | ||
| Q1 24 | 6.6% | -283.9% |
每股收益（稀释后）MPXSTEM
| Q4 25 | $0.07 | $-4.40 | ||
| Q3 25 | $0.07 | $-2.84 | ||
| Q2 25 | $0.12 | $-1.79 | ||
| Q1 25 | $0.06 | $-0.15 | ||
| Q4 24 | $0.13 | $-15.29 | ||
| Q3 24 | $0.10 | $-18.24 | ||
| Q2 24 | $0.14 | $-71.81 | ||
| Q1 24 | $0.13 | $-0.46 |
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 | — | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $125.0M | $-249.4M |
| 总资产 | $147.2M | $308.9M |
| 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MPXSTEM
| Q4 25 | — | $48.9M | ||
| Q3 25 | — | $43.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $75.4M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $112.8M |
股东权益MPXSTEM
| Q4 25 | $125.0M | $-249.4M | ||
| Q3 25 | $126.3M | $-235.7M | ||
| Q2 25 | $127.2M | $-214.1M | ||
| Q1 25 | $126.4M | $-417.5M | ||
| Q4 24 | $129.0M | $-398.4M | ||
| Q3 24 | $128.8M | $-344.1M | ||
| Q2 24 | $129.3M | $-203.2M | ||
| Q1 24 | $151.4M | $371.6M |
总资产MPXSTEM
| Q4 25 | $147.2M | $308.9M | ||
| Q3 25 | $179.5M | $362.6M | ||
| Q2 25 | $173.2M | $379.2M | ||
| Q1 25 | $182.9M | $405.1M | ||
| Q4 24 | $171.2M | $437.4M | ||
| Q3 24 | $176.3M | $537.8M | ||
| Q2 24 | $175.7M | $691.5M | ||
| Q1 24 | $204.0M | $1.3B |
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 | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $4.1M | — |
| 自由现金流率自由现金流/营收 | 6.4% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流MPXSTEM
| Q4 25 | $4.7M | $8.2M | ||
| Q3 25 | $2.6M | $11.4M | ||
| Q2 25 | $-1.6M | $-21.3M | ||
| Q1 25 | $10.8M | $8.5M | ||
| Q4 24 | $4.6M | $-14.7M | ||
| Q3 24 | $5.1M | $-9.4M | ||
| Q2 24 | $3.8M | $-11.9M | ||
| Q1 24 | $15.9M | $-621.0K |
自由现金流MPXSTEM
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $10.7M | — | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | $15.0M | — |
自由现金流率MPXSTEM
| Q4 25 | 6.4% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 21.7% | — |
资本支出强度MPXSTEM
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.3% | — |
现金转化率MPXSTEM
| Q4 25 | 2.00× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | -0.39× | -0.11× | ||
| 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% |
STEM
暂无分部数据
