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 17 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).
Balance-sheet strength is offsetting a lower-profit operating base, with payouts now running ahead of current cash generation.
From FY2023 through FY2025, dividends paid reached$63.3M while free cash flow totaled only$39.9M . The gap helps explain why cash fell to$43.5M from$72.0M even as liabilities were reduced, showing distributions leaned on prior cash accumulation rather than the business's newer earnings level alone.
In FY2025, gross margin was
Liquidity remains conservative with cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Marine Products's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Marine Products has an operating margin of 5.7%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is down from 7.7% the prior year.
Marine Products's revenue grew a modest 3.3% year-over-year to $244.4M. This slow but positive growth earns a score of 5/100.
Marine Products carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.37, Marine Products holds $5.37 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.
Marine Products has a free cash flow margin of 6.1%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
Marine Products earns a strong 9.1% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 13.8% the prior year.
Marine Products scores 11.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($280.0M) relative to total liabilities ($22.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Marine Products passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Marine Products generates $1.45 in operating cash flow ($16.5M OCF vs $11.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Marine Products generated $244.4M in revenue in fiscal year 2025. This represents an increase of 3.3% from the prior year.
Marine Products's EBITDA was $17.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.5% from the prior year.
Marine Products reported $11.4M in net income in fiscal year 2025. This represents a decrease of 36.2% from the prior year.
Marine Products earned $0.32 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 36.0% from the prior year.
Cash & Balance Sheet
Marine Products generated $14.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 40.1% from the prior year.
Marine Products held $43.5M in cash against $0 in long-term debt as of fiscal year 2025.
Marine Products paid $0.56 per share in dividends in fiscal year 2025. This represents a decrease of 55.6% from the prior year.
Marine Products had 35M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Margins & Returns
Marine Products's gross margin was 19.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Marine Products's operating margin was 5.7% in fiscal year 2025, reflecting core business profitability. This is down 2.0 percentage points from the prior year.
Marine Products's net profit margin was 4.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.9 percentage points from the prior year.
Marine Products's ROE was 9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.7 percentage points from the prior year.
Capital Allocation
Marine Products spent $1.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 13.1% from the prior year.
Marine Products invested $1.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 66.5% from the prior year.
MPX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.5M+3.0% | $64.6M+21.5% | $53.1M-21.5% | $67.7M+14.7% | $59.0M+23.4% | $47.8M-4.1% | $49.9M-28.3% | $69.5M |
| Cost of Revenue | $55.5M+6.9% | $51.9M+20.9% | $42.9M-21.7% | $54.8M+14.0% | $48.0M+24.3% | $38.7M-4.9% | $40.7M-27.9% | $56.4M |
| Gross Profit | $11.1M-12.7% | $12.7M+24.0% | $10.2M-20.8% | $12.9M+17.9% | $11.0M+19.6% | $9.2M-0.3% | $9.2M-30.3% | $13.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.8M-1.4% | $8.9M+21.5% | $7.4M-9.1% | $8.1M-2.9% | $8.3M+49.8% | $5.6M-1.3% | $5.6M-24.0% | $7.4M |
| Operating Income | -$2.7M-172.7% | $3.7M+30.5% | $2.9M-40.4% | $4.8M+84.1% | $2.6M-29.1% | $3.7M+2.6% | $3.6M-37.6% | $5.8M |
| Interest Expense | $22K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$329K-118.8% | $1.8M+166.0% | $658K-41.5% | $1.1M+32.5% | $849K+1295.8% | -$71K-108.7% | $820K-21.5% | $1.0M |
| Net Income | -$2.1M-187.3% | $2.4M-10.8% | $2.6M-36.3% | $4.2M+88.7% | $2.2M-48.3% | $4.3M+25.4% | $3.4M-39.1% | $5.6M |
| EPS (Diluted) | $-0.06 | N/A | $0.07-41.7% | $0.12+100.0% | $0.06 | N/A | $0.10-28.6% | $0.14 |
MPX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $149.2M+1.3% | $147.2M-18.0% | $179.5M+3.6% | $173.2M-5.3% | $182.9M+6.8% | $171.2M-2.9% | $176.3M+0.3% | $175.7M |
| Current Assets | $113.2M+2.3% | $110.6M-21.4% | $140.7M+7.3% | $131.1M+7.0% | $122.6M+11.5% | $110.0M-4.8% | $115.5M-1.8% | $117.6M |
| Cash & Equivalents | $45.8M+5.3% | $43.5M-8.2% | $47.4M-5.5% | $50.2M-12.1% | $57.1M+9.0% | $52.4M-2.2% | $53.5M-2.9% | $55.1M |
| Inventory | $55.1M+0.8% | $54.7M-11.0% | $61.5M+20.1% | $51.2M-3.2% | $52.9M+5.8% | $50.0M-5.0% | $52.6M-0.9% | $53.1M |
| Accounts Receivable | $5.2M-24.2% | $6.9M+35.6% | $5.1M-16.4% | $6.1M-22.3% | $7.8M+86.6% | $4.2M-23.3% | $5.4M-4.9% | $5.7M |
| 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 | $31.1M+39.9% | $22.3M-58.1% | $53.2M+15.6% | $46.0M-18.5% | $56.5M+33.7% | $42.2M-11.1% | $47.5M+2.3% | $46.5M |
| Current Liabilities | $29.5M+43.1% | $20.6M-59.9% | $51.4M+16.1% | $44.3M+32.0% | $33.5M+77.2% | $18.9M-23.2% | $24.6M+0.3% | $24.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $118.1M-5.5% | $125.0M-1.0% | $126.3M-0.8% | $127.2M+0.7% | $126.4M-2.0% | $129.0M+0.2% | $128.8M-0.4% | $129.3M |
| Retained Earnings | $114.5M-5.7% | $121.5M-1.1% | $122.8M-0.8% | $123.7M+0.7% | $122.9M-2.1% | $125.5M+0.2% | $125.3M-0.4% | $125.8M |
MPX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.1M+91.7% | $4.7M+83.2% | $2.6M+260.7% | -$1.6M-114.9% | $10.8M+131.9% | $4.6M-9.7% | $5.1M+34.6% | $3.8M |
| Capital Expenditures | $496K-13.4% | $573K+28.8% | $445K+4.2% | $427K+344.8% | $96K-90.6% | $1.0M-46.6% | $1.9M+145.9% | $778K |
| Free Cash Flow | $8.6M+106.2% | $4.1M+94.6% | $2.1M+205.0% | -$2.0M-119.0% | $10.7M+194.7% | $3.6M+12.1% | $3.2M+6.2% | $3.0M |
| Investing Cash Flow | -$496K+86.6% | -$3.7M-734.4% | -$445K-4.2% | -$427K-344.8% | -$96K+89.5% | -$910K+51.1% | -$1.9M-139.3% | -$778K |
| Financing Cash Flow | -$6.3M-27.9% | -$4.9M0.0% | -$4.9M0.0% | -$4.9M+17.6% | -$5.9M-21.7% | -$4.9M-0.1% | -$4.9M+83.2% | -$29.1M |
| Dividends Paid | $4.9M+0.7% | $4.9M0.0% | $4.9M0.0% | $4.9M+0.1% | $4.9M+0.1% | $4.9M+0.7% | $4.9M-83.3% | $29.1M |
| Share Buybacks | $1.3M | $0 | $0 | $0-100.0% | $1.1M | $0-100.0% | $26K | $0 |
MPX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.6%-3.0pp | 19.7%+0.4pp | 19.2%+0.2pp | 19.1%+0.5pp | 18.6%-0.6pp | 19.1%+0.7pp | 18.4%-0.5pp | 18.9% |
| Operating Margin | -4.1%-9.9pp | 5.8%+0.4pp | 5.4%-1.7pp | 7.1%+2.7pp | 4.4%-3.3pp | 7.7%+0.5pp | 7.2%-1.1pp | 8.3% |
| Net Margin | -3.1%-6.8pp | 3.7%-1.3pp | 5.0%-1.2pp | 6.2%+2.4pp | 3.7%-5.2pp | 8.9%+2.1pp | 6.8%-1.2pp | 8.0% |
| Return on Equity | -1.8%-3.6pp | 1.9%-0.2pp | 2.1%-1.2pp | 3.3%+1.5pp | 1.8%-1.6pp | 3.3%+0.7pp | 2.6%-1.7pp | 4.3% |
| Return on Assets | -1.4%-3.0pp | 1.6%+0.1pp | 1.5%-0.9pp | 2.4%+1.2pp | 1.2%-1.3pp | 2.5%+0.6pp | 1.9%-1.3pp | 3.2% |
| Current Ratio | 3.84-1.5 | 5.37+2.6 | 2.74-0.2 | 2.96-0.7 | 3.66-2.2 | 5.81+1.1 | 4.69-0.1 | 4.79 |
| Debt-to-Equity | 0.26+0.1 | 0.18-0.2 | 0.42+0.1 | 0.36-0.1 | 0.45+0.1 | 0.33-0.0 | 0.370.0 | 0.36 |
| FCF Margin | 12.9%+6.4pp | 6.4%+2.4pp | 4.0%+7.0pp | -3.0%-21.1pp | 18.1%+10.5pp | 7.6%+1.1pp | 6.5%+2.1pp | 4.4% |
Similar Companies
Frequently Asked Questions
What is Marine Products's annual revenue?
Marine Products (MPX) reported $244.4M in total revenue for fiscal year 2025. This represents a 3.3% 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 grew by 3.3% year-over-year, from $236.6M to $244.4M in fiscal year 2025.
Is Marine Products profitable?
Yes, Marine Products (MPX) reported a net income of $11.4M in fiscal year 2025, with a net profit margin of 4.7%.
What is Marine Products's EBITDA?
Marine Products (MPX) had EBITDA of $17.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Marine Products's gross margin?
Marine Products (MPX) had a gross margin of 19.1% in fiscal year 2025, 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 5.7% in fiscal year 2025, 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 4.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Marine Products pay dividends?
Yes, Marine Products (MPX) paid $0.56 per share in dividends during fiscal year 2025.
What is Marine Products's return on equity (ROE)?
Marine Products (MPX) has a return on equity of 9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Marine Products's free cash flow?
Marine Products (MPX) generated $14.9M in free cash flow during fiscal year 2025. This represents a -40.1% 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 $16.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marine Products's total assets?
Marine Products (MPX) had $147.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Marine Products's capital expenditures?
Marine Products (MPX) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Marine Products's current ratio?
Marine Products (MPX) had a current ratio of 5.37 as of fiscal year 2025, which is generally considered healthy.
What is Marine Products's debt-to-equity ratio?
Marine Products (MPX) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, 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 7.7% for fiscal year 2025, 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 11.41, 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 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.45x, 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 63 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.