Marine Products Financials
This page shows Marine Products (MPX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Marine Products has an operating margin of 7.7%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is down from 12.8% the prior year.
Marine Products's revenue declined 38.4% year-over-year, from $383.7M to $236.6M. This contraction results in a growth score of 0/100.
Marine Products carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.81, Marine Products holds $5.81 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Marine Products has a free cash flow margin of 10.5%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.
Marine Products's ROE of 13.8% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 27.5% the prior year.
Marine Products scores 7.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($272.2M) relative to total liabilities ($42.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Marine Products passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Marine Products generates $1.65 in operating cash flow ($29.5M OCF vs $17.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Marine Products generated $236.6M in revenue in fiscal year 2024. This represents a decrease of 38.4% from the prior year.
Marine Products's EBITDA was $21.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.2% from the prior year.
Marine Products generated $24.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 46.6% from the prior year.
Marine Products reported $17.9M in net income in fiscal year 2024. This represents a decrease of 57.2% from the prior year.
Marine Products earned $0.50 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 58.7% from the prior year.
Marine Products held $52.4M in cash against $0 in long-term debt as of fiscal year 2024.
Marine Products paid $1.26 per share in dividends in fiscal year 2024. This represents an increase of 125.0% from the prior year.
Marine Products had 35M shares outstanding in fiscal year 2024. This represents an increase of 1.4% from the prior year.
Marine Products's gross margin was 19.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.3 percentage points from the prior year.
Marine Products's operating margin was 7.7% in fiscal year 2024, reflecting core business profitability. This is down 5.1 percentage points from the prior year.
Marine Products's net profit margin was 7.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.3 percentage points from the prior year.
Marine Products's ROE was 13.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 13.7 percentage points from the prior year.
Marine Products spent $933K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2.5% from the prior year.
Marine Products invested $4.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 54.8% from the prior year.
MPX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $53.1M-21.5% | $67.7M+14.7% | $59.0M+23.4% | $47.8M-31.2% | $69.5M+0.3% | $69.3M-2.2% | $70.9M-8.9% | $77.8M |
| Cost of Revenue | $42.9M-21.7% | $54.8M+14.0% | $48.0M+24.3% | $38.7M-31.4% | $56.4M+1.8% | $55.4M-3.6% | $57.4M-1.9% | $58.5M |
| Gross Profit | $10.2M-20.8% | $12.9M+17.9% | $11.0M+19.6% | $9.2M-30.5% | $13.2M-5.8% | $14.0M+3.9% | $13.5M-30.0% | $19.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.4M-9.1% | $8.1M-2.9% | $8.3M+49.8% | $5.6M-25.0% | $7.4M-15.1% | $8.7M+13.3% | $7.7M-12.2% | $8.8M |
| Operating Income | $2.9M-40.4% | $4.8M+84.1% | $2.6M-29.1% | $3.7M-35.9% | $5.8M+9.7% | $5.2M-9.9% | $5.8M-53.1% | $12.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $658K-41.5% | $1.1M+32.5% | $849K+1295.8% | -$71K-106.8% | $1.0M-30.2% | $1.5M+25.6% | $1.2M-58.5% | $2.9M |
| Net Income | $2.6M-36.3% | $4.2M+88.7% | $2.2M-48.3% | $4.3M-23.6% | $5.6M+21.5% | $4.6M-15.2% | $5.4M-47.9% | $10.4M |
| EPS (Diluted) | $0.07-41.7% | $0.12+100.0% | $0.06-53.8% | $0.13-7.1% | $0.14+7.7% | $0.13-13.3% | $0.15-50.0% | $0.30 |
MPX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $179.5M+3.6% | $173.2M-5.3% | $182.9M+6.8% | $171.2M-2.5% | $175.7M-13.9% | $204.0M+5.3% | $193.8M-1.5% | $196.7M |
| Current Assets | $140.7M+7.3% | $131.1M+7.0% | $122.6M+11.5% | $110.0M-6.5% | $117.6M-20.5% | $148.0M+6.3% | $139.2M-4.1% | $145.2M |
| Cash & Equivalents | $47.4M-5.5% | $50.2M-12.1% | $57.1M+9.0% | $52.4M-5.0% | $55.1M-32.1% | $81.2M+12.9% | $72.0M+18.5% | $60.7M |
| Inventory | $61.5M+20.1% | $51.2M-3.2% | $52.9M+5.8% | $50.0M-5.9% | $53.1M-3.9% | $55.2M-10.4% | $61.6M-11.7% | $69.8M |
| Accounts Receivable | $5.1M-16.4% | $6.1M-22.3% | $7.8M+86.6% | $4.2M-27.1% | $5.7M-26.1% | $7.7M+213.1% | $2.5M-77.0% | $10.7M |
| Goodwill | $3.3M0.0% | $3.3M0.0% | $3.3M0.0% | $3.3M0.0% | $3.3M0.0% | $3.3M0.0% | $3.3M0.0% | $3.3M |
| Total Liabilities | $53.2M+15.6% | $46.0M-18.5% | $56.5M+33.7% | $42.2M-9.1% | $46.5M-11.7% | $52.7M+24.7% | $42.2M-9.5% | $46.6M |
| Current Liabilities | $51.4M+16.1% | $44.3M+32.0% | $33.5M+77.2% | $18.9M-22.9% | $24.6M-22.1% | $31.5M+39.6% | $22.6M-20.2% | $28.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $126.3M-0.8% | $127.2M+0.7% | $126.4M-2.0% | $129.0M-0.2% | $129.3M-14.6% | $151.4M-0.1% | $151.6M+1.0% | $150.1M |
| Retained Earnings | $122.8M-0.8% | $123.7M+0.7% | $122.9M-2.1% | $125.5M-0.2% | $125.8M-15.0% | $147.9M-0.2% | $148.1M+1.0% | $146.7M |
MPX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.6M+260.7% | -$1.6M-114.9% | $10.8M+131.9% | $4.6M+21.5% | $3.8M-76.0% | $15.9M-4.5% | $16.7M+2846.0% | -$607K |
| Capital Expenditures | $445K+4.2% | $427K+344.8% | $96K-90.6% | $1.0M+31.4% | $778K-11.9% | $883K-50.1% | $1.8M+46.1% | $1.2M |
| Free Cash Flow | $2.1M+205.0% | -$2.0M-119.0% | $10.7M+194.7% | $3.6M+19.0% | $3.0M-79.7% | $15.0M+0.9% | $14.9M+919.5% | -$1.8M |
| Investing Cash Flow | -$445K-4.2% | -$427K-344.8% | -$96K+89.5% | -$910K-17.0% | -$778K+11.9% | -$883K-48.4% | -$595K-625.6% | -$82K |
| Financing Cash Flow | -$4.9M0.0% | -$4.9M+17.6% | -$5.9M-21.7% | -$4.9M+83.2% | -$29.1M-406.0% | -$5.8M-19.3% | -$4.8M-0.1% | -$4.8M |
| Dividends Paid | $4.9M0.0% | $4.9M+0.1% | $4.9M+0.1% | $4.9M-83.2% | $29.1M+500.5% | $4.9M+0.5% | $4.8M+0.1% | $4.8M |
| Share Buybacks | $0 | $0-100.0% | $1.1M | $0 | $0-100.0% | $907K | $0 | $0 |
MPX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.2%+0.2pp | 19.1%+0.5pp | 18.6%-0.6pp | 19.1%+0.2pp | 18.9%-1.2pp | 20.2%+1.2pp | 19.0%-5.7pp | 24.7% |
| Operating Margin | 5.4%-1.7pp | 7.1%+2.7pp | 4.4%-3.3pp | 7.7%-0.6pp | 8.3%+0.7pp | 7.6%-0.7pp | 8.2%-7.7pp | 16.0% |
| Net Margin | 5.0%-1.2pp | 6.2%+2.4pp | 3.7%-5.2pp | 8.9%+0.9pp | 8.0%+1.4pp | 6.6%-1.0pp | 7.6%-5.7pp | 13.4% |
| Return on Equity | 2.1%-1.2pp | 3.3%+1.5pp | 1.8%-1.6pp | 3.3%-1.0pp | 4.3%+1.3pp | 3.0%-0.5pp | 3.6%-3.4pp | 6.9% |
| Return on Assets | 1.5%-0.9pp | 2.4%+1.2pp | 1.2%-1.3pp | 2.5%-0.7pp | 3.2%+0.9pp | 2.3%-0.6pp | 2.8%-2.5pp | 5.3% |
| Current Ratio | 2.74-0.2 | 2.96-0.7 | 3.66-2.2 | 5.81+1.0 | 4.79+0.1 | 4.70-1.5 | 6.17+1.0 | 5.13 |
| Debt-to-Equity | 0.42+0.1 | 0.36-0.1 | 0.45+0.1 | 0.33-0.0 | 0.36+0.0 | 0.35+0.1 | 0.28-0.0 | 0.31 |
| FCF Margin | 4.0%+7.0pp | -3.0%-21.1pp | 18.1%+10.5pp | 7.6%+3.2pp | 4.4%-17.3pp | 21.7%+0.7pp | 21.0%+23.4pp | -2.3% |
Similar Companies
Frequently Asked Questions
What is Marine Products's annual revenue?
Marine Products (MPX) reported $236.6M in total revenue for fiscal year 2024. This represents a -38.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marine Products's revenue growing?
Marine Products (MPX) revenue declined by 38.4% year-over-year, from $383.7M to $236.6M in fiscal year 2024.
Is Marine Products profitable?
Yes, Marine Products (MPX) reported a net income of $17.9M in fiscal year 2024, with a net profit margin of 7.5%.
What is Marine Products's earnings per share (EPS)?
Marine Products (MPX) reported diluted earnings per share of $0.50 for fiscal year 2024. This represents a -58.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Marine Products's EBITDA?
Marine Products (MPX) had EBITDA of $21.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Marine Products's gross margin?
Marine Products (MPX) had a gross margin of 19.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Marine Products's operating margin?
Marine Products (MPX) had an operating margin of 7.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Marine Products's net profit margin?
Marine Products (MPX) had a net profit margin of 7.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Marine Products pay dividends?
Yes, Marine Products (MPX) paid $1.26 per share in dividends during fiscal year 2024.
What is Marine Products's return on equity (ROE)?
Marine Products (MPX) has a return on equity of 13.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Marine Products's free cash flow?
Marine Products (MPX) generated $24.9M in free cash flow during fiscal year 2024. This represents a -46.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Marine Products's operating cash flow?
Marine Products (MPX) generated $29.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Marine Products's total assets?
Marine Products (MPX) had $171.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Marine Products's capital expenditures?
Marine Products (MPX) invested $4.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Marine Products buy back shares?
Yes, Marine Products (MPX) spent $933K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Marine Products have outstanding?
Marine Products (MPX) had 35M shares outstanding as of fiscal year 2024.
What is Marine Products's current ratio?
Marine Products (MPX) had a current ratio of 5.81 as of fiscal year 2024, which is generally considered healthy.
What is Marine Products's debt-to-equity ratio?
Marine Products (MPX) had a debt-to-equity ratio of 0.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marine Products's return on assets (ROA)?
Marine Products (MPX) had a return on assets of 10.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Marine Products's Altman Z-Score?
Marine Products (MPX) has an Altman Z-Score of 7.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Marine Products's Piotroski F-Score?
Marine Products (MPX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marine Products's earnings high quality?
Marine Products (MPX) has an earnings quality ratio of 1.65x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Marine Products?
Marine Products (MPX) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.