NYSE : MPX
Marine Products Corporation — Financial statements
Consumer Discretionary · Recreational Vehicles · United States
Last price 8.18 USD (At close: May 14, 2026) · Market cap 280.04M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Marine Products Corporation (MPX) reported revenue of 251.95M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 251.95M | 244.42M | 236.56M | 383.73M | 381.00M | 298.01M |
| Cost of Revenue | 205.06M | 197.64M | 191.06M | 293.35M | 287.28M | 229.74M |
| Gross Profit | 46.89M | 46.77M | 45.50M | 90.38M | 93.72M | 68.27M |
| Selling, General & Admin | 31.29M | 30.81M | 27.85M | 42.70M | 41.72M | 31.34M |
| Research & Development | 1.50M | 1.50M | 762.00K | 757.00K | 437.00K | 776.00K |
| Other Operating Expenses | -60.00K | -60.00K | -240.00K | -240.00K | -239.00K | -236.00K |
| Operating Expenses | 32.73M | 32.25M | 28.38M | 43.21M | 41.92M | 31.88M |
| Operating Income | 14.16M | 14.53M | 17.12M | 47.17M | 51.80M | 36.39M |
| Interest Expense | -89.00K | -90.00K | -90.00K | -90.00K | -90.00K | -10.00K |
| Interest & Investment Income | 1.71M | 1.83M | 2.97M | 2.95M | 428.00K | 26.00K |
| EBT Excluding Unusual Items | 15.78M | 16.27M | 20.00M | 50.03M | 52.13M | 36.41M |
| Merger & Restructuring Charges | -5.47M | -500.00K | ||||
| Gain (Loss) on Sale of Assets | 144.00K | 2.04M | ||||
| Other Unusual Items | 1.00M | |||||
| Pretax Income | 10.32M | 15.77M | 21.14M | 52.06M | 52.13M | 36.41M |
| Income Tax Expense | 3.20M | 4.38M | 3.29M | 10.37M | 11.79M | 7.38M |
| Net Income | 7.11M | 11.38M | 17.85M | 41.70M | 40.35M | 29.03M |
| Net Income to Common | 7.11M | 11.38M | 17.85M | 41.70M | 40.35M | 29.03M |
| Shares Outstanding (Basic) | 34.99M | 34.97M | 34.69M | 34.44M | 34.18M | 33.98M |
| Shares Outstanding (Diluted) | 34.99M | 34.97M | 34.69M | 34.44M | 34.18M | 33.98M |
| EPS (Basic) | 0.20 | 0.33 | 0.51 | 1.21 | 1.18 | 0.85 |
| EPS (Diluted) | 0.20 | 0.32 | 0.50 | 1.21 | 1.18 | 0.85 |
| Free Cash Flow | 12.80M | 14.92M | 24.93M | 46.67M | 46.85M | -791.00K |
| Free Cash Flow Per Share | 0.37 | 0.43 | 0.72 | 1.35 | 1.37 | -0.02 |
| Dividend Per Share | 0.56 | 0.56 | 0.56 | 0.56 | 0.52 | 0.48 |
| Gross Margin | 18.61% | 19.14% | 19.23% | 23.55% | 24.60% | 22.91% |
| Operating Margin | 5.62% | 5.94% | 7.24% | 12.29% | 13.59% | 12.21% |
| Profit Margin | 2.82% | 4.66% | 7.55% | 10.87% | 10.59% | 9.74% |
| Free Cash Flow Margin | 5.08% | 6.11% | 10.54% | 12.16% | 12.30% | -0.27% |
| EBITDA | 17.30M | 17.67M | 19.91M | 49.58M | 53.70M | 38.21M |
| EBITDA Margin | 6.87% | 7.23% | 8.42% | 12.92% | 14.09% | 12.82% |
| D&A For EBITDA | 3.13M | 3.14M | 2.79M | 2.42M | 1.91M | 1.82M |
| EBIT | 14.16M | 14.53M | 17.12M | 47.17M | 51.80M | 36.39M |
| EBIT Margin | 5.62% | 5.94% | 7.24% | 12.29% | 13.59% | 12.21% |
| Effective Tax Rate | 31.06% | 27.80% | 15.56% | 19.91% | 22.61% | 20.28% |
| Advertising Expenses | 2.90M | 2.40M | 2.30M | 2.10M | 1.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.80M | 43.51M | 52.38M | 71.95M | 43.17M | 14.10M |
| Cash & Short-Term Investments | 45.80M | 43.51M | 52.38M | 71.95M | 43.17M | 14.10M |
| Accounts Receivable | 4.20M | 5.24M | 1.16M | 1.34M | 4.04M | 2.44M |
| Other Receivables | 3.86M | 3.83M | 3.46M | 1.50M | 1.33M | 830.00K |
| Receivables | 8.07M | 9.07M | 4.62M | 2.84M | 5.37M | 3.27M |
| Inventory | 55.10M | 54.69M | 49.96M | 61.61M | 73.02M | 73.26M |
| Prepaid Expenses | 4.20M | 3.12M | 2.90M | 2.73M | 2.89M | 2.34M |
| Other Current Assets | 179.00K | 145.00K | 117.00K | 550.00K | 132.00K | |
| Total Current Assets | 113.17M | 110.58M | 109.99M | 139.25M | 125.00M | 93.11M |
| Property, Plant & Equipment | 22.36M | 22.80M | 24.47M | 22.75M | 15.20M | 14.44M |
| Goodwill | 3.31M | 3.31M | 3.31M | 3.31M | 3.31M | 3.31M |
| Other Intangible Assets | 465.00K | 465.00K | 465.00K | 465.00K | 465.00K | 465.00K |
| Long-Term Deferred Tax Assets | 4.89M | 5.22M | 9.73M | 8.59M | 6.03M | 4.39M |
| Other Long-Term Assets | 5.01M | 4.86M | 23.29M | 19.44M | 13.71M | 17.12M |
| Total Assets | 149.20M | 147.23M | 171.25M | 193.80M | 163.72M | 132.84M |
| Accounts Payable | 14.49M | 6.65M | 5.50M | 6.07M | 8.25M | 6.77M |
| Accrued Expenses | 6.98M | 5.56M | 6.57M | 7.93M | 6.24M | 4.33M |
| Current Portion of Leases | 83.00K | 79.00K | 77.00K | 57.00K | 54.00K | |
| Current Income Taxes Payable | 342.00K | |||||
| Current Unearned Revenue | 603.00K | 1.19M | 191.00K | 654.00K | 1.99M | 1.31M |
| Other Current Liabilities | 7.42M | 7.13M | 6.59M | 7.84M | 6.71M | 5.60M |
| Total Current Liabilities | 29.49M | 20.61M | 18.92M | 22.57M | 23.59M | 18.07M |
| Long-Term Leases | 70.00K | 141.00K | 220.00K | 180.00K | 17.00K | |
| Pension & Post-Retirement Benefits | 21.67M | 18.00M | 14.44M | 15.56M | ||
| Other Long-Term Liabilities | 1.65M | 1.59M | 1.51M | 1.43M | 1.12M | 666.00K |
| Total Liabilities | 31.14M | 22.27M | 42.24M | 42.21M | 39.33M | 34.32M |
| Common Stock | 3.52M | 3.50M | 3.47M | 3.45M | 3.42M | 3.40M |
| Retained Earnings | 114.53M | 121.47M | 125.53M | 148.14M | 122.95M | 97.70M |
| Comprehensive Income & Other | -2.00M | -2.58M | ||||
| Shareholders' Equity | 118.06M | 124.97M | 129.00M | 151.59M | 124.38M | 98.53M |
| Total Liabilities & Equity | 149.20M | 147.23M | 171.25M | 193.80M | 163.72M | 132.84M |
| Total Debt | 153.00K | 220.00K | 297.00K | 237.00K | 71.00K | |
| Net Cash (Debt) | 45.80M | 43.36M | 52.16M | 71.66M | 42.93M | 14.03M |
| Net Cash Per Share | 1.31 | 1.24 | 1.50 | 2.08 | 1.26 | 0.41 |
| Filing Date Shares Outstanding | 34.23M | 35.24M | 34.96M | 34.68M | 34.44M | 34.15M |
| Total Common Shares Outstanding | 35.23M | 35.00M | 34.71M | 34.47M | 34.22M | 33.99M |
| Working Capital | 83.68M | 89.97M | 91.07M | 116.68M | 101.41M | 75.04M |
| Book Value Per Share | 3.35 | 3.57 | 3.72 | 4.40 | 3.64 | 2.90 |
| Tangible Book Value | 114.28M | 121.19M | 125.23M | 147.81M | 120.61M | 94.75M |
| Tangible Book Value Per Share | 3.24 | 3.46 | 3.61 | 4.29 | 3.52 | 2.79 |
| Land | 1.23M | 1.23M | 1.02M | 895.00K | 878.00K | |
| Buildings | 27.43M | 26.64M | 26.07M | 21.57M | 21.27M | |
| Machinery | 31.53M | 30.78M | 28.15M | 25.56M | 24.09M | |
| Order Backlog | 68.90M | 53.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.11M | 11.38M | 17.85M | 41.70M | 40.35M | 29.03M |
| Depreciation & Amortization | 3.13M | 3.14M | 2.79M | 2.42M | 1.91M | 1.82M |
| Loss (Gain) From Sale of Assets | 4.00K | -144.00K | -2.04M | |||
| Stock-Based Compensation | 5.51M | 5.23M | 4.23M | 3.71M | 2.71M | 2.29M |
| Other Operating Activities | 4.92M | 4.51M | -1.14M | -763.00K | -618.00K | -140.00K |
| Change in Accounts Receivable | 2.59M | -2.69M | -1.70M | 2.87M | -2.08M | 1.44M |
| Change in Inventory | -2.24M | -4.73M | 11.65M | 11.40M | 246.00K | -30.95M |
| Change in Accounts Payable | -4.12M | 1.15M | -572.00K | -2.18M | 1.48M | 692.00K |
| Change in Income Taxes | -2.80M | -1.77M | -78.00K | -333.00K | -18.00K | -10.00K |
| Change in Other Net Operating Assets | 639.00K | 242.00K | -3.36M | 66.00K | 5.38M | -3.71M |
| Operating Cash Flow | 14.75M | 16.46M | 29.53M | 56.85M | 49.35M | 457.00K |
| Capital Expenditures | -1.94M | -1.54M | -4.60M | -10.17M | -2.50M | -1.25M |
| Sale of Property, Plant & Equipment | 163.00K | 2.30M | ||||
| Other Investing Activities | -3.14M | -3.14M | ||||
| Investing Cash Flow | -5.08M | -4.68M | -4.43M | -7.87M | -2.50M | -1.25M |
| Repurchase of Common Stock | -1.33M | -1.05M | -933.00K | -910.00K | -702.00K | -1.05M |
| Common Dividends Paid | -19.63M | -19.59M | -43.73M | -19.28M | -17.08M | -15.63M |
| Financing Cash Flow | -20.97M | -20.65M | -44.67M | -20.19M | -17.78M | -16.68M |
| Net Cash Flow | -11.30M | -8.87M | -19.57M | 28.78M | 29.07M | -17.47M |
| Free Cash Flow | 12.80M | 14.92M | 24.93M | 46.67M | 46.85M | -791.00K |
| Free Cash Flow Margin | 5.08% | 6.11% | 10.54% | 12.16% | 12.30% | -0.27% |
| Free Cash Flow Per Share | 0.37 | 0.43 | 0.72 | 1.35 | 1.37 | -0.02 |
| Levered Free Cash Flow | 9.59M | 8.08M | 19.10M | 38.87M | 37.13M | -8.04M |
| Unlevered Free Cash Flow | 9.65M | 8.13M | 19.15M | 38.92M | 37.18M | -8.04M |
| Cash Interest Paid | 38.00K | 38.00K | 51.00K | 76.00K | ||
| Cash Income Tax Paid | 1.75M | 1.75M | 4.48M | 13.91M | 13.02M | 7.49M |
| Change in Working Capital | -5.93M | -7.80M | 5.94M | 11.82M | 5.01M | -32.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 280.04M | 306.59M | 318.32M | 392.92M | 402.74M | 424.90M |
| Enterprise Value | 237.66M | 259.19M | 264.79M | 332.22M | 375.88M | 415.27M |
| Last Close Price | 8.23 | 8.47 | 8.31 | 9.22 | 9.12 | 9.28 |
| PE Ratio | 40.72 | 26.93 | 17.83 | 9.42 | 9.98 | 14.64 |
| Forward PE | 19.85 | 19.10 | 8.52 | 21.87 | 21.87 | |
| PS Ratio | 1.13 | 1.25 | 1.35 | 1.02 | 1.06 | 1.43 |
| PB Ratio | 2.46 | 2.45 | 2.47 | 2.59 | 3.24 | 4.31 |
| P/TBV Ratio | 2.48 | 2.53 | 2.54 | 2.66 | 3.34 | 4.48 |
| P/FCF Ratio | 22.14 | 20.55 | 12.77 | 8.42 | 8.60 | |
| P/OCF Ratio | 19.22 | 18.62 | 10.78 | 6.91 | 8.16 | 929.76 |
| PEG Ratio | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 | |
| EV/Sales Ratio | 0.94 | 1.06 | 1.12 | 0.87 | 0.99 | 1.39 |
| EV/EBITDA Ratio | 13.74 | 14.67 | 13.30 | 6.70 | 7.00 | 10.87 |
| EV/EBIT Ratio | 16.78 | 17.84 | 15.46 | 7.04 | 7.26 | 11.41 |
| EV/FCF Ratio | 18.56 | 17.37 | 10.62 | 7.12 | 8.02 | |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Debt / EBITDA Ratio | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | |
| Debt / FCF Ratio | 0.01 | 0.01 | 0.01 | 0.01 | ||
| Net Debt / Equity Ratio | -0.39 | -0.35 | -0.40 | -0.47 | -0.34 | -0.14 |
| Net Debt / EBITDA Ratio | -2.65 | -2.45 | -2.62 | -1.45 | -0.80 | -0.37 |
| Net Debt / FCF Ratio | -3.58 | -2.91 | -2.09 | -1.53 | -0.92 | 17.74 |
| Asset Turnover | 1.52 | 1.53 | 1.30 | 2.15 | 2.57 | 2.36 |
| Inventory Turnover | 3.80 | 3.78 | 3.42 | 4.36 | 3.93 | 3.98 |
| Quick Ratio | 1.83 | 2.55 | 3.01 | 3.31 | 2.06 | 0.96 |
| Current Ratio | 3.84 | 5.37 | 5.81 | 6.17 | 5.30 | 5.15 |
| Return on Equity (ROE) | 5.82% | 8.96% | 12.72% | 30.22% | 36.20% | 31.71% |
| Return on Assets (ROA) | 5.33% | 5.70% | 5.86% | 16.49% | 21.83% | 18.03% |
| Return on Invested Capital (ROIC) | 12.69% | 13.24% | 18.44% | 46.81% | 48.31% | 42.18% |
| Return on Capital Employed (ROCE) | 11.80% | 11.50% | 11.20% | 27.50% | 37.00% | 31.70% |
| Earnings Yield | 2.51% | 3.71% | 5.61% | 10.61% | 10.02% | 6.83% |
| FCF Yield | 4.52% | 4.87% | 7.83% | 11.88% | 11.63% | -0.19% |
| Dividend Yield | 6.85% | 6.62% | 6.74% | 6.07% | 5.70% | 5.17% |
| Payout Ratio | 277.07% | 172.14% | 244.96% | 46.25% | 42.33% | 53.84% |
| Buyback Yield / Dilution | -0.52% | -0.80% | -0.71% | -0.76% | -0.59% | -0.17% |
| Total Shareholder Return | 6.20% | 5.82% | 6.02% | 5.31% | 5.12% | 5.00% |