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MARINE PRODUCTS CORP（MPX）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是MARINE PRODUCTS CORP的1.5倍（$100.0M vs $64.6M），MARINE PRODUCTS CORP净利率更高（3.7% vs -7.0%，领先10.7%），MARINE PRODUCTS CORP同比增速更快（35.0% vs 14.5%），null自由现金流更多（$14.1M vs $4.1M），过去两年MARINE PRODUCTS CORP的营收复合增速更高（-3.5% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
MPX vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.5倍
$64.6M
营收增速更快
MPX
高出20.5%
14.5%
净利率更高
MPX
高出10.7%
-7.0%
自由现金流更多
SWIM
多$9.9M
$4.1M
两年增速更快
MPX
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $64.6M | $100.0M |
| 净利润 | $2.4M | $-7.0M |
| 毛利率 | 19.6% | 28.0% |
| 营业利润率 | 5.8% | -10.7% |
| 净利率 | 3.7% | -7.0% |
| 营收同比 | 35.0% | 14.5% |
| 净利润同比 | -44.6% | 76.0% |
| 每股收益（稀释后） | $0.07 | $-0.06 |
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MPXSWIM
| Q4 25 | $64.6M | $100.0M | ||
| Q3 25 | $53.1M | $161.9M | ||
| Q2 25 | $67.7M | $172.6M | ||
| Q1 25 | $59.0M | $111.4M | ||
| Q4 24 | $47.8M | $87.3M | ||
| Q3 24 | $49.9M | $150.5M | ||
| Q2 24 | $69.5M | $160.1M | ||
| Q1 24 | $69.3M | $110.6M |
净利润MPXSWIM
| Q4 25 | $2.4M | $-7.0M | ||
| Q3 25 | $2.6M | $8.1M | ||
| Q2 25 | $4.2M | $16.0M | ||
| Q1 25 | $2.2M | $-6.0M | ||
| Q4 24 | $4.3M | $-29.2M | ||
| Q3 24 | $3.4M | $5.9M | ||
| Q2 24 | $5.6M | $13.3M | ||
| Q1 24 | $4.6M | $-7.9M |
毛利率MPXSWIM
| Q4 25 | 19.6% | 28.0% | ||
| Q3 25 | 19.2% | 35.4% | ||
| Q2 25 | 19.1% | 37.1% | ||
| Q1 25 | 18.6% | 29.5% | ||
| Q4 24 | 19.2% | 24.6% | ||
| Q3 24 | 18.4% | 32.4% | ||
| Q2 24 | 18.9% | 33.1% | ||
| Q1 24 | 20.2% | 27.7% |
营业利润率MPXSWIM
| Q4 25 | 5.8% | -10.7% | ||
| Q3 25 | 5.4% | 13.3% | ||
| Q2 25 | 7.1% | 14.3% | ||
| Q1 25 | 4.4% | -4.4% | ||
| Q4 24 | 7.7% | -14.9% | ||
| Q3 24 | 7.2% | 8.9% | ||
| Q2 24 | 8.3% | 12.5% | ||
| Q1 24 | 7.6% | -1.9% |
净利率MPXSWIM
| Q4 25 | 3.7% | -7.0% | ||
| Q3 25 | 5.0% | 5.0% | ||
| Q2 25 | 6.1% | 9.3% | ||
| Q1 25 | 3.7% | -5.4% | ||
| Q4 24 | 8.9% | -33.4% | ||
| Q3 24 | 6.8% | 3.9% | ||
| Q2 24 | 8.0% | 8.3% | ||
| Q1 24 | 6.6% | -7.1% |
每股收益（稀释后）MPXSWIM
| Q4 25 | $0.07 | $-0.06 | ||
| Q3 25 | $0.07 | $0.07 | ||
| Q2 25 | $0.12 | $0.13 | ||
| Q1 25 | $0.06 | $-0.05 | ||
| Q4 24 | $0.13 | $-0.24 | ||
| Q3 24 | $0.10 | $0.05 | ||
| Q2 24 | $0.14 | $0.11 | ||
| Q1 24 | $0.13 | $-0.07 |
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 | — | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $125.0M | $405.9M |
| 总资产 | $147.2M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
总债务MPXSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益MPXSWIM
| Q4 25 | $125.0M | $405.9M | ||
| Q3 25 | $126.3M | $408.4M | ||
| Q2 25 | $127.2M | $398.4M | ||
| Q1 25 | $126.4M | $381.1M | ||
| Q4 24 | $129.0M | $387.2M | ||
| Q3 24 | $128.8M | $416.6M | ||
| Q2 24 | $129.3M | $408.1M | ||
| Q1 24 | $151.4M | $391.8M |
总资产MPXSWIM
| Q4 25 | $147.2M | $823.2M | ||
| Q3 25 | $179.5M | $844.4M | ||
| Q2 25 | $173.2M | $822.1M | ||
| Q1 25 | $182.9M | $824.6M | ||
| Q4 24 | $171.2M | $794.2M | ||
| Q3 24 | $176.3M | $853.4M | ||
| Q2 24 | $175.7M | $830.0M | ||
| Q1 24 | $204.0M | $808.6M |
负债/权益比MPXSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $4.1M | $14.1M |
| 自由现金流率自由现金流/营收 | 6.4% | 14.1% |
| 资本支出强度资本支出/营收 | 0.9% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流MPXSWIM
| Q4 25 | $4.7M | $23.3M | ||
| Q3 25 | $2.6M | $51.0M | ||
| Q2 25 | $-1.6M | $36.0M | ||
| Q1 25 | $10.8M | $-46.9M | ||
| Q4 24 | $4.6M | $6.2M | ||
| Q3 24 | $5.1M | $37.2M | ||
| Q2 24 | $3.8M | $52.4M | ||
| Q1 24 | $15.9M | $-34.5M |
自由现金流MPXSWIM
| Q4 25 | $4.1M | $14.1M | ||
| Q3 25 | $2.1M | $45.2M | ||
| Q2 25 | $-2.0M | $29.1M | ||
| Q1 25 | $10.7M | $-50.3M | ||
| Q4 24 | $3.6M | $-98.0K | ||
| Q3 24 | $3.2M | $33.2M | ||
| Q2 24 | $3.0M | $47.9M | ||
| Q1 24 | $15.0M | $-39.9M |
自由现金流率MPXSWIM
| Q4 25 | 6.4% | 14.1% | ||
| Q3 25 | 4.0% | 27.9% | ||
| Q2 25 | -3.0% | 16.8% | ||
| Q1 25 | 18.1% | -45.2% | ||
| Q4 24 | 7.6% | -0.1% | ||
| Q3 24 | 6.5% | 22.1% | ||
| Q2 24 | 4.4% | 29.9% | ||
| Q1 24 | 21.7% | -36.0% |
资本支出强度MPXSWIM
| Q4 25 | 0.9% | 9.2% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 0.6% | 4.0% | ||
| Q1 25 | 0.2% | 3.1% | ||
| Q4 24 | 2.1% | 7.2% | ||
| Q3 24 | 3.8% | 2.7% | ||
| Q2 24 | 1.1% | 2.8% | ||
| Q1 24 | 1.3% | 4.8% |
现金转化率MPXSWIM
| Q4 25 | 2.00× | — | ||
| Q3 25 | 0.97× | 6.29× | ||
| Q2 25 | -0.39× | 2.25× | ||
| Q1 25 | 4.88× | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.51× | 6.32× | ||
| Q2 24 | 0.68× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
