Marine Products (MPX) Financials

$8.55 -0.13 (-1.50%)

As of 01:33 PM Eastern

Annual Income Statements for Marine Products

This table shows Marine Products' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	18	42	40
Consolidated Net Income / (Loss)	18	42	40
Net Income / (Loss) Continuing Operations	18	42	40
Total Pre-Tax Income	21	52	52
Total Operating Income	18	49	52
Total Gross Profit	45	90	94
Total Revenue	237	384	381
Operating Revenue	237	384	381
Total Cost of Revenue	191	293	287
Operating Cost of Revenue	191	293	287
Total Operating Expenses	27	41	42
Selling, General & Admin Expense	27	43	42
Other Special Charges / (Income)	-0.14	-2.04	0.00
Total Other Income / (Expense), net	2.88	2.86	0.34
Interest & Investment Income	2.88	2.86	0.34
Income Tax Expense	3.29	10	12
Basic Earnings per Share	$0.50	$1.21	$1.18
Weighted Average Basic Shares Outstanding	34.96M	34.68M	34.44M
Diluted Earnings per Share	$0.50	$1.21	$1.18
Weighted Average Diluted Shares Outstanding	34.96M	34.68M	34.44M
Weighted Average Basic & Diluted Shares Outstanding	34.96M	34.68M	34.44M
Cash Dividends to Common per Share	$1.26	$0.56	$0.50

This table shows Marine Products' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	2.21	4.27	3.40	5.59	4.60	5.42	10	14	12	12	11
Consolidated Net Income / (Loss)	2.21	4.27	3.40	5.59	4.60	5.42	10	14	12	12	11
Net Income / (Loss) Continuing Operations	2.21	4.27	3.40	5.59	4.60	5.42	10	14	12	12	11
Total Pre-Tax Income	3.06	4.20	4.22	6.63	6.09	6.61	13	17	15	15	15
Total Operating Income	2.61	3.68	3.59	5.75	5.24	5.82	12	16	14	15	15
Total Gross Profit	11	9.16	9.18	13	14	13	19	29	29	27	25
Total Revenue	59	48	50	70	69	71	78	116	119	109	100
Operating Revenue	59	48	50	70	69	71	78	116	119	109	100
Total Cost of Revenue	48	39	41	56	55	57	59	88	90	81	75
Operating Cost of Revenue	48	39	41	56	55	57	59	88	90	81	75
Total Operating Expenses	8.34	5.47	5.59	7.42	8.74	7.64	6.83	12	15	12	10
Selling, General & Admin Expense	8.34	5.57	5.64	7.42	8.74	7.72	8.79	12	15	12	10
Total Other Income / (Expense), net	0.44	0.51	0.63	0.88	0.85	0.79	0.86	0.72	0.48	0.29	0.08
Interest & Investment Income	0.44	0.51	0.63	0.88	0.85	0.79	0.86	0.72	0.48	0.29	0.08
Income Tax Expense	0.85	-0.07	0.82	1.04	1.50	1.19	2.87	2.89	3.42	3.28	3.28
Basic Earnings per Share	$0.06	$0.13	$0.10	$0.14	$0.13	$0.15	$0.30	$0.42	$0.34	$0.34	$0.34
Weighted Average Basic Shares Outstanding	34.96M	34.96M	34.71M	34.72M	34.68M	34.68M	34.47M	34.47M	34.44M	34.44M	34.22M
Diluted Earnings per Share	$0.06	$0.13	$0.10	$0.14	$0.13	$0.15	$0.30	$0.42	$0.34	$0.34	$0.34
Weighted Average Diluted Shares Outstanding	34.96M	34.96M	34.71M	34.72M	34.68M	34.68M	34.47M	34.47M	34.44M	34.44M	34.22M
Weighted Average Basic & Diluted Shares Outstanding	34.96M	34.96M	34.71M	34.72M	34.68M	34.68M	34.47M	34.47M	34.44M	34.44M	34.22M
Cash Dividends to Common per Share	$0.14	-	$0.14	$0.84	$0.14	-	$0.14	$0.14	$0.14	-	$0.12

This table details how cash moves in and out of Marine Products' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-20	29	29
Net Cash From Operating Activities	30	57	49
Net Cash From Continuing Operating Activities	30	57	49
Net Income / (Loss) Continuing Operations	18	42	40
Consolidated Net Income / (Loss)	18	42	40
Depreciation Expense	2.79	2.42	1.91
Non-Cash Adjustments To Reconcile Net Income	4.08	4.04	3.89
Changes in Operating Assets and Liabilities, net	4.80	8.70	3.21
Net Cash From Investing Activities	-4.43	-7.87	-2.50
Net Cash From Continuing Investing Activities	-4.43	-7.87	-2.50
Purchase of Property, Plant & Equipment	-4.60	-10	-2.50
Sale of Property, Plant & Equipment	0.16	2.30	0.00
Net Cash From Financing Activities	-45	-20	-18
Net Cash From Continuing Financing Activities	-45	-20	-18
Repurchase of Common Equity	-0.93	-0.91	-0.70
Payment of Dividends	-44	-19	-17
Cash Income Taxes Paid	4.48	14	13

This table details how cash moves in and out of Marine Products' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	4.72	-1.15	-1.60	-26	9.27	11	-5.51	3.61	19	16	5.29
Net Cash From Operating Activities	11	4.64	5.15	3.82	16	17	-0.61	14	27	22	9.97
Net Cash From Continuing Operating Activities	11	4.64	5.15	3.82	16	17	-0.61	14	27	22	9.97
Net Income / (Loss) Continuing Operations	2.21	4.27	3.40	5.59	4.60	5.42	10	14	12	12	11
Consolidated Net Income / (Loss)	2.21	4.27	3.40	5.59	4.60	5.42	10	14	12	12	11
Depreciation Expense	0.79	0.70	0.70	0.70	0.68	0.67	0.61	0.62	0.52	0.49	0.48
Non-Cash Adjustments To Reconcile Net Income	1.14	0.74	0.96	1.43	0.96	0.88	-1.13	1.42	2.87	1.78	0.68
Changes in Operating Assets and Liabilities, net	6.63	-1.06	0.08	-3.89	9.68	9.70	-10	-2.52	12	8.10	-2.66
Net Cash From Investing Activities	-0.10	-0.91	-1.86	-0.78	-0.88	-0.60	-0.08	-5.41	-1.79	-1.13	-0.58
Net Cash From Continuing Investing Activities	-0.10	-0.91	-1.86	-0.78	-0.88	-0.60	-0.08	-5.41	-1.79	-1.13	-0.58
Purchase of Property, Plant & Equipment	-0.10	-1.02	-1.91	-0.78	-0.88	-1.77	-1.21	-5.41	-1.79	-1.13	-0.58
Net Cash From Financing Activities	-5.95	-4.89	-4.88	-29	-5.76	-4.83	-4.82	-4.82	-5.73	-4.78	-4.10
Net Cash From Continuing Financing Activities	-5.95	-4.89	-4.88	-29	-5.76	-4.83	-4.82	-4.82	-5.73	-4.78	-4.10
Repurchase of Common Equity	-1.06	-	-0.03	-	-0.91	-	-	-	-0.91	-	-
Payment of Dividends	-4.89	-4.89	-4.86	-29	-4.85	-4.83	-4.82	-4.82	-4.82	-4.78	-4.10

This table presents Marine Products' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	171	194	164
Total Current Assets	110	139	125
Cash & Equivalents	52	72	43
Accounts Receivable	4.18	2.48	5.34
Inventories, net	50	62	73
Prepaid Expenses	3.04	2.85	3.09
Current Deferred & Refundable Income Taxes	0.44	0.36	0.03
Plant, Property, & Equipment, net	24	22	15
Total Noncurrent Assets	37	32	24
Goodwill	3.31	3.31	3.31
Intangible Assets	0.47	0.47	0.47
Noncurrent Deferred & Refundable Income Taxes	9.73	8.59	6.03
Other Noncurrent Operating Assets	24	20	14
Total Liabilities & Shareholders' Equity	171	194	164
Total Liabilities	42	42	39
Total Current Liabilities	19	23	24
Accounts Payable	5.50	6.07	8.25
Accrued Expenses	13	16	15
Total Noncurrent Liabilities	23	20	16
Noncurrent Employee Benefit Liabilities	22	18	14
Other Noncurrent Operating Liabilities	1.65	1.65	1.30
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	129	152	124
Total Preferred & Common Equity	129	152	124
Preferred Stock	0.00	0.00	0.00
Total Common Equity	129	152	124
Common Stock	3.47	3.45	3.42
Retained Earnings	126	148	123

This table presents Marine Products' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	183	176	176	204	197	190	184	162
Total Current Assets	123	115	118	148	145	143	143	125
Cash & Equivalents	57	54	55	81	61	66	63	27
Accounts Receivable	7.79	5.45	5.73	7.75	11	12	11	11
Inventories, net	53	53	53	55	70	61	67	83
Prepaid Expenses	4.79	3.70	3.44	3.77	3.67	2.36	2.20	2.54
Current Deferred & Refundable Income Taxes	0.06	0.22	0.24	0.00	0.20	0.23	0.17	0.10
Plant, Property, & Equipment, net	24	24	23	23	21	21	16	14
Total Noncurrent Assets	37	37	35	33	30	26	25	23
Goodwill	3.31	3.31	3.31	3.31	3.31	3.31	3.31	3.31
Intangible Assets	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47
Noncurrent Deferred & Refundable Income Taxes	9.81	9.94	9.44	8.40	7.83	7.92	6.94	5.52
Other Noncurrent Operating Assets	23	23	22	21	19	15	14	13
Total Liabilities & Shareholders' Equity	183	176	176	204	197	190	184	162
Total Liabilities	56	48	46	53	47	47	51	45
Total Current Liabilities	34	25	25	32	28	28	34	31
Accounts Payable	19	8.06	7.96	13	12	8.57	13	15
Accrued Expenses	15	17	17	18	16	20	22	16
Total Noncurrent Liabilities	23	23	22	21	18	18	17	15
Noncurrent Employee Benefit Liabilities	21	21	20	19	17	17	16	14
Other Noncurrent Operating Liabilities	1.68	1.68	1.68	1.72	1.62	1.65	1.55	1.06
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	126	129	129	151	150	144	133	116
Total Preferred & Common Equity	126	129	129	151	150	144	133	116
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	126	129	129	151	150	144	133	116
Common Stock	3.50	3.47	3.47	3.47	3.45	3.45	3.44	3.42
Retained Earnings	123	125	126	148	147	140	130	115

This table displays calculated financial ratios and metrics derived from Marine Products' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-38.35%	0.72%	27.84%
EBITDA Growth	-59.22%	-3.88%	40.55%
EBIT Growth	-62.88%	-5.01%	42.33%
NOPAT Growth	-60.86%	-1.70%	38.16%
Net Income Growth	-57.18%	3.34%	39.00%
EPS Growth	-58.68%	2.54%	38.82%
Operating Cash Flow Growth	-48.06%	15.19%	10,698.25%
Free Cash Flow Firm Growth	-55.01%	-5.36%	1,857.42%
Invested Capital Growth	-3.78%	-1.94%	-3.81%
Revenue Q/Q Growth	-8.88%	-8.93%	9.16%
EBITDA Q/Q Growth	-9.08%	-14.64%	8.50%
EBIT Q/Q Growth	-10.47%	-15.51%	8.79%
NOPAT Q/Q Growth	-6.29%	-14.82%	8.63%
Net Income Q/Q Growth	-6.08%	-13.37%	9.23%
EPS Q/Q Growth	-3.85%	-13.57%	9.26%
Operating Cash Flow Q/Q Growth	-28.94%	-8.90%	36.30%
Free Cash Flow Firm Q/Q Growth	-39.77%	-11.28%	34.58%
Invested Capital Q/Q Growth	1.82%	-10.93%	-9.09%
Profitability Metrics	-	-	-
Gross Margin	19.23%	23.55%	24.60%
EBITDA Margin	8.90%	13.45%	14.09%
Operating Margin	7.72%	12.82%	13.59%
EBIT Margin	7.72%	12.82%	13.59%
Profit (Net Income) Margin	7.55%	10.87%	10.59%
Tax Burden Percent	84.44%	80.09%	77.39%
Interest Burden Percent	115.75%	105.81%	100.65%
Effective Tax Rate	15.56%	19.91%	22.61%
Return on Invested Capital (ROIC)	19.74%	49.00%	48.40%
ROIC Less NNEP Spread (ROIC-NNEP)	15.84%	45.02%	47.49%
Return on Net Nonoperating Assets (RNNOA)	-7.02%	-18.78%	-12.20%
Return on Equity (ROE)	12.73%	30.22%	36.20%
Cash Return on Invested Capital (CROIC)	23.60%	50.95%	52.28%
Operating Return on Assets (OROA)	10.01%	27.52%	34.93%
Return on Assets (ROA)	9.78%	23.32%	27.21%
Return on Common Equity (ROCE)	12.73%	30.22%	36.20%
Return on Equity Simple (ROE_SIMPLE)	13.84%	27.51%	32.44%
Net Operating Profit after Tax (NOPAT)	15	39	40
NOPAT Margin	6.52%	10.27%	10.52%
Net Nonoperating Expense Percent (NNEP)	3.91%	3.98%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	11.96%	25.99%	32.23%
Cost of Revenue to Revenue	80.77%	76.45%	75.40%
SG&A Expenses to Revenue	11.57%	11.26%	11.00%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.51%	10.73%	11.00%
Earnings before Interest and Taxes (EBIT)	18	49	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	52	54
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.26	2.12	2.53
Price to Tangible Book Value (P/TBV)	2.32	2.17	2.61
Price to Revenue (P/Rev)	1.23	0.84	0.83
Price to Earnings (P/E)	16.30	7.69	7.80
Dividend Yield	15.03%	6.02%	5.43%
Earnings Yield	6.14%	13.00%	12.81%
Enterprise Value to Invested Capital (EV/IC)	3.11	3.12	3.35
Enterprise Value to Revenue (EV/Rev)	1.01	0.65	0.71
Enterprise Value to EBITDA (EV/EBITDA)	11.33	4.82	5.06
Enterprise Value to EBIT (EV/EBIT)	13.06	5.06	5.25
Enterprise Value to NOPAT (EV/NOPAT)	15.47	6.31	6.78
Enterprise Value to Operating Cash Flow (EV/OCF)	8.08	4.38	5.51
Enterprise Value to Free Cash Flow (EV/FCFF)	12.94	6.07	6.28
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.44	-0.42	-0.26
Leverage Ratio	1.30	1.30	1.33
Compound Leverage Factor	1.51	1.37	1.34
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	7.53	9.17	9.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	5.81	6.17	5.30
Quick Ratio	2.99	3.30	2.06
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	18	41	43
Operating Cash Flow to CapEx	666.05%	722.22%	1,973.92%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.30	2.15	2.57
Accounts Receivable Turnover	71.13	98.20	88.58
Inventory Turnover	3.42	4.36	3.93
Fixed Asset Turnover	10.13	20.51	25.98
Accounts Payable Turnover	33.03	40.97	38.25
Days Sales Outstanding (DSO)	5.13	3.72	4.12
Days Inventory Outstanding (DIO)	106.57	83.75	92.93
Days Payable Outstanding (DPO)	11.05	8.91	9.54
Cash Conversion Cycle (CCC)	100.65	78.56	87.50
Capital & Investment Metrics	-	-	-
Invested Capital	77	80	81
Invested Capital Turnover	3.03	4.77	4.60
Increase / (Decrease) in Invested Capital	-3.01	-1.57	-3.21
Enterprise Value (EV)	239	249	272
Market Capitalization	291	321	315
Book Value per Share	$3.72	$4.40	$3.64
Tangible Book Value per Share	$3.61	$4.29	$3.52
Total Capital	129	152	124
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-52	-72	-43
Capital Expenditures (CapEx)	4.43	7.87	2.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	39	45	58
Debt-free Net Working Capital (DFNWC)	91	117	101
Net Working Capital (NWC)	91	117	101
Net Nonoperating Expense (NNE)	-2.43	-2.29	-0.26
Net Nonoperating Obligations (NNO)	-52	-72	-43
Total Depreciation and Amortization (D&A)	2.79	2.42	1.91
Debt-free, Cash-free Net Working Capital to Revenue	16.36%	11.66%	15.29%
Debt-free Net Working Capital to Revenue	38.50%	30.41%	26.62%
Net Working Capital to Revenue	38.50%	30.41%	26.62%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.50	$1.21	$1.18
Adjusted Weighted Average Basic Shares Outstanding	34.96M	34.68M	34.44M
Adjusted Diluted Earnings per Share	$0.50	$1.21	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	34.96M	34.68M	34.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.96M	34.68M	34.44M
Normalized Net Operating Profit after Tax (NOPAT)	15	38	40
Normalized NOPAT Margin	6.47%	9.84%	10.52%
Pre Tax Income Margin	8.94%	13.57%	13.68%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	244.96%	46.25%	42.33%
Augmented Payout Ratio	250.19%	48.43%	44.07%

This table displays calculated financial ratios and metrics derived from Marine Products' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.91%	-32.53%	-35.91%	-40.13%	-41.69%	-34.69%	-22.26%	21.23%	55.22%	41.77%	31.93%
EBITDA Growth	-42.57%	-32.43%	-67.02%	-62.27%	-60.54%	-57.72%	-14.10%	25.94%	55.94%	37.77%	72.44%
EBIT Growth	-50.15%	-36.69%	-71.07%	-65.12%	-63.82%	-60.81%	-15.45%	25.69%	58.26%	39.27%	75.94%
NOPAT Growth	-52.29%	-21.48%	-70.26%	-64.69%	-64.61%	-58.99%	-14.76%	37.74%	57.95%	37.62%	70.75%
Net Income Growth	-52.01%	-21.30%	-67.28%	-61.00%	-60.20%	-54.27%	-9.32%	43.86%	63.51%	40.35%	71.56%
EPS Growth	-53.85%	-13.33%	-66.67%	-66.67%	-61.76%	-55.88%	-11.76%	44.83%	61.90%	41.67%	70.00%
Operating Cash Flow Growth	-32.33%	-72.14%	947.61%	-72.38%	-40.94%	-24.99%	-106.09%	9.50%	496.28%	144.77%	167.72%
Free Cash Flow Firm Growth	-32.42%	6.51%	76.54%	-64.02%	-85.85%	-57.26%	44.46%	260.87%	206.32%	164.48%	125.26%
Invested Capital Growth	-1.22%	-3.78%	-15.83%	-4.33%	-0.15%	-1.94%	0.08%	-10.48%	-19.97%	-3.81%	5.59%
Revenue Q/Q Growth	23.39%	-4.08%	-28.32%	0.30%	-2.16%	-8.89%	-33.03%	-2.32%	9.59%	8.44%	4.43%
EBITDA Q/Q Growth	-22.36%	2.05%	-33.45%	8.91%	-8.65%	-50.20%	-23.85%	13.91%	-2.12%	1.17%	11.64%
EBIT Q/Q Growth	-29.07%	2.62%	-37.57%	9.69%	-9.92%	-53.11%	-24.70%	13.76%	-2.42%	1.15%	11.93%
NOPAT Q/Q Growth	-49.64%	29.49%	-40.28%	22.49%	-17.10%	-50.96%	-29.09%	22.75%	-3.92%	1.93%	14.58%
Net Income Q/Q Growth	-48.30%	25.35%	-39.05%	21.49%	-15.22%	-47.88%	-27.36%	24.00%	-2.60%	3.36%	15.24%
EPS Q/Q Growth	-53.85%	30.00%	-28.57%	7.69%	-13.33%	-50.00%	-28.57%	23.53%	0.00%	0.00%	17.24%
Operating Cash Flow Q/Q Growth	131.89%	-9.74%	34.62%	-75.98%	-4.52%	2,845.96%	-104.39%	-48.64%	21.27%	122.85%	-21.10%
Free Cash Flow Firm Q/Q Growth	-59.37%	-60.35%	107.81%	101.86%	-35.97%	-34.28%	-57.65%	-20.62%	93.40%	122.15%	147.17%
Invested Capital Q/Q Growth	-9.56%	1.82%	1.53%	5.66%	-11.90%	-10.93%	15.39%	10.27%	-13.48%	-9.09%	3.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.56%	19.15%	18.42%	18.94%	20.17%	19.00%	24.73%	24.67%	24.41%	25.18%	24.99%
EBITDA Margin	5.77%	9.16%	8.61%	9.28%	8.54%	9.15%	16.74%	14.72%	12.62%	14.13%	15.15%
Operating Margin	4.43%	7.70%	7.20%	8.27%	7.56%	8.21%	15.96%	14.19%	12.18%	13.68%	14.67%
EBIT Margin	4.43%	7.70%	7.20%	8.27%	7.56%	8.21%	15.96%	14.19%	12.18%	13.68%	14.67%
Profit (Net Income) Margin	3.74%	8.92%	6.83%	8.03%	6.63%	7.65%	13.37%	12.33%	9.71%	10.93%	11.47%
Tax Burden Percent	72.21%	101.69%	80.59%	84.25%	75.45%	81.99%	78.39%	83.23%	77.14%	78.35%	77.75%
Interest Burden Percent	116.92%	113.90%	117.66%	115.29%	116.23%	113.65%	106.93%	104.39%	103.33%	101.93%	100.52%
Effective Tax Rate	27.79%	-1.69%	19.41%	15.75%	24.55%	18.01%	21.61%	16.77%	22.86%	21.65%	22.25%
Return on Invested Capital (ROIC)	10.38%	23.72%	18.30%	26.42%	27.15%	32.12%	58.97%	63.89%	50.34%	49.32%	45.77%
ROIC Less NNEP Spread (ROIC-NNEP)	9.91%	22.88%	17.41%	25.20%	26.25%	30.99%	57.43%	62.51%	49.36%	48.54%	45.45%
Return on Net Nonoperating Assets (RNNOA)	-4.94%	-10.14%	-7.13%	-11.20%	-13.28%	-12.93%	-18.88%	-21.79%	-16.06%	-12.47%	-7.88%
Return on Equity (ROE)	5.44%	13.58%	11.17%	15.22%	13.86%	19.19%	40.09%	42.09%	34.28%	36.85%	37.89%
Cash Return on Invested Capital (CROIC)	20.39%	23.60%	37.18%	35.18%	45.94%	50.95%	51.68%	69.53%	78.10%	52.28%	36.99%
Operating Return on Assets (OROA)	5.18%	9.98%	10.02%	12.99%	13.01%	17.63%	37.52%	37.04%	31.66%	35.16%	33.97%
Return on Assets (ROA)	4.37%	11.56%	9.50%	12.62%	11.41%	16.42%	31.45%	32.19%	25.23%	28.08%	26.55%
Return on Common Equity (ROCE)	5.44%	13.58%	11.17%	15.22%	13.86%	19.19%	40.09%	42.09%	34.28%	36.85%	37.89%
Return on Equity Simple (ROE_SIMPLE)	12.23%	0.00%	14.76%	20.12%	22.95%	0.00%	32.06%	34.24%	33.74%	0.00%	31.79%
Net Operating Profit after Tax (NOPAT)	1.89	3.75	2.89	4.84	3.95	4.77	9.73	14	11	12	11
NOPAT Margin	3.20%	7.83%	5.80%	6.97%	5.70%	6.73%	12.51%	11.81%	9.40%	10.72%	11.41%
Net Nonoperating Expense Percent (NNEP)	0.46%	0.84%	0.89%	1.22%	0.89%	1.13%	1.54%	1.37%	0.98%	0.78%	0.32%
Return On Investment Capital (ROIC_SIMPLE)	1.49%	2.90%	-	-	-	3.15%	-	-	-	9.35%	-
Cost of Revenue to Revenue	81.44%	80.85%	81.58%	81.06%	79.83%	81.00%	75.27%	75.33%	75.59%	74.82%	75.01%
SG&A Expenses to Revenue	14.14%	11.64%	11.32%	10.67%	12.61%	10.89%	11.30%	10.48%	12.22%	11.49%	10.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.14%	11.45%	11.22%	10.67%	12.61%	10.79%	8.78%	10.48%	12.22%	11.49%	10.32%
Earnings before Interest and Taxes (EBIT)	2.61	3.68	3.59	5.75	5.24	5.82	12	16	14	15	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.40	4.38	4.29	6.45	5.92	6.49	13	17	15	15	15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.32	2.26	2.61	2.67	2.46	2.12	2.91	3.58	3.00	2.53	2.14
Price to Tangible Book Value (P/TBV)	2.39	2.32	2.69	2.75	2.52	2.17	2.99	3.67	3.08	2.61	2.21
Price to Revenue (P/Rev)	1.30	1.23	1.30	1.20	1.11	0.84	1.04	1.16	0.94	0.83	0.71
Price to Earnings (P/E)	18.97	16.30	17.70	13.27	10.70	7.69	9.08	10.44	8.88	7.80	6.72
Dividend Yield	23.36%	15.03%	13.00%	12.66%	5.19%	6.02%	4.41%	3.62%	4.50%	5.43%	6.62%
Earnings Yield	5.27%	6.14%	5.65%	7.53%	9.35%	13.00%	11.01%	9.58%	11.26%	12.81%	14.88%
Enterprise Value to Invested Capital (EV/IC)	3.41	3.11	3.76	3.91	4.14	3.12	4.21	5.78	4.77	3.35	2.48
Enterprise Value to Revenue (EV/Rev)	1.04	1.01	1.09	1.01	0.87	0.65	0.89	1.01	0.79	0.71	0.63
Enterprise Value to EBITDA (EV/EBITDA)	12.75	11.33	12.22	9.10	6.83	4.82	6.23	7.15	5.68	5.06	4.47
Enterprise Value to EBIT (EV/EBIT)	15.11	13.06	13.87	9.93	7.27	5.06	6.47	7.40	5.87	5.25	4.65
Enterprise Value to NOPAT (EV/NOPAT)	17.69	15.47	17.19	12.45	9.04	6.31	8.14	9.33	7.59	6.78	6.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.69	8.08	6.81	8.10	6.34	4.38	6.03	6.13	4.67	5.51	6.11
Enterprise Value to Free Cash Flow (EV/FCFF)	16.62	12.94	9.24	10.88	9.00	6.07	8.15	7.85	5.44	6.28	6.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.50	-0.44	-0.41	-0.44	-0.51	-0.42	-0.33	-0.35	-0.33	-0.26	-0.17
Leverage Ratio	1.39	1.30	1.34	1.34	1.37	1.30	1.35	1.35	1.39	1.33	1.43
Compound Leverage Factor	1.63	1.48	1.57	1.55	1.59	1.47	1.44	1.41	1.44	1.36	1.44
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.93	7.25	7.40	7.84	7.66	8.43	9.73	10.99	8.91	9.22	7.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.66	5.81	4.69	4.79	4.70	6.17	5.13	5.02	4.18	5.30	4.06
Quick Ratio	1.94	2.99	2.39	2.48	2.82	3.30	2.53	2.76	2.15	2.06	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.75	6.76	17	8.20	4.06	6.34	9.65	23	29	15	6.68
Operating Cash Flow to CapEx	11,217.71%	510.33%	268.95%	491.26%	1,802.38%	2,801.34%	-50.12%	256.04%	1,506.20%	1,971.61%	1,734.09%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.17	1.30	1.39	1.57	1.72	2.15	2.35	2.61	2.60	2.57	2.32
Accounts Receivable Turnover	29.11	71.13	32.07	31.81	35.80	98.20	37.90	40.89	43.45	88.58	32.14
Inventory Turnover	3.40	3.42	3.43	3.97	4.24	4.36	4.16	4.77	4.40	3.93	3.30
Fixed Asset Turnover	9.78	10.13	11.46	13.14	17.19	20.51	23.62	25.17	27.91	25.98	24.37
Accounts Payable Turnover	11.59	33.03	20.85	27.56	20.22	40.97	23.75	33.14	25.55	38.25	18.29
Days Sales Outstanding (DSO)	12.54	5.13	11.38	11.48	10.20	3.72	9.63	8.93	8.40	4.12	11.36
Days Inventory Outstanding (DIO)	107.34	106.57	106.46	91.84	86.06	83.75	87.81	76.45	82.98	92.93	110.52
Days Payable Outstanding (DPO)	31.48	11.05	17.51	13.24	18.05	8.91	15.37	11.02	14.28	9.54	19.96
Cash Conversion Cycle (CCC)	88.39	100.65	100.33	90.07	78.21	78.56	82.08	74.36	77.09	87.50	101.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	69	77	75	74	70	80	89	77	70	81	89
Invested Capital Turnover	3.24	3.03	3.15	3.79	4.76	4.77	4.71	5.41	5.36	4.60	4.01
Increase / (Decrease) in Invested Capital	-0.86	-3.01	-14	-3.36	-0.11	-1.57	0.08	-9.07	-18	-3.21	4.73
Enterprise Value (EV)	236	239	283	290	290	249	376	448	335	272	221
Market Capitalization	293	291	336	345	372	321	437	514	398	315	248
Book Value per Share	$3.62	$3.72	$3.71	$3.73	$4.36	$4.40	$4.36	$4.17	$3.86	$3.64	$3.39
Tangible Book Value per Share	$3.51	$3.61	$3.60	$3.62	$4.26	$4.29	$4.25	$4.06	$3.75	$3.52	$3.28
Total Capital	126	129	129	129	151	152	150	144	133	124	116
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-57	-52	-54	-55	-81	-72	-61	-66	-63	-43	-27
Capital Expenditures (CapEx)	0.10	0.91	1.91	0.78	0.88	0.60	1.21	5.41	1.79	1.13	0.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	32	39	37	38	35	45	56	48	46	58	67
Debt-free Net Working Capital (DFNWC)	89	91	91	93	116	117	117	114	109	101	94
Net Working Capital (NWC)	89	91	91	93	116	117	117	114	109	101	94
Net Nonoperating Expense (NNE)	-0.32	-0.52	-0.51	-0.74	-0.64	-0.65	-0.67	-0.60	-0.37	-0.22	-0.06
Net Nonoperating Obligations (NNO)	-57	-52	-54	-55	-81	-72	-61	-66	-63	-43	-27
Total Depreciation and Amortization (D&A)	0.79	0.70	0.70	0.70	0.68	0.67	0.61	0.62	0.52	0.49	0.48
Debt-free, Cash-free Net Working Capital to Revenue	14.13%	16.36%	14.38%	13.19%	10.54%	11.66%	13.34%	10.85%	10.90%	15.29%	19.24%
Debt-free Net Working Capital to Revenue	39.38%	38.50%	35.00%	32.36%	34.85%	30.41%	27.75%	25.78%	25.69%	26.62%	26.94%
Net Working Capital to Revenue	39.38%	38.50%	35.00%	32.36%	34.85%	30.41%	27.75%	25.78%	25.69%	26.62%	26.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$0.13	$0.10	$0.14	$0.13	$0.15	$0.30	$0.42	$0.34	$0.34	$0.34
Adjusted Weighted Average Basic Shares Outstanding	34.96M	34.96M	34.71M	34.72M	34.68M	34.68M	34.47M	34.47M	34.44M	34.44M	34.22M
Adjusted Diluted Earnings per Share	$0.06	$0.13	$0.10	$0.14	$0.13	$0.15	$0.30	$0.42	$0.34	$0.34	$0.34
Adjusted Weighted Average Diluted Shares Outstanding	34.96M	34.96M	34.71M	34.72M	34.68M	34.68M	34.47M	34.47M	34.44M	34.44M	34.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.96M	34.96M	34.71M	34.72M	34.68M	34.68M	34.47M	34.47M	34.44M	34.44M	34.22M
Normalized Net Operating Profit after Tax (NOPAT)	1.89	2.58	2.85	4.84	3.95	4.77	8.19	14	11	12	11
Normalized NOPAT Margin	3.20%	5.39%	5.72%	6.97%	5.70%	6.73%	10.53%	11.81%	9.40%	10.72%	11.41%
Pre Tax Income Margin	5.18%	8.77%	8.47%	9.53%	8.79%	9.33%	17.06%	14.81%	12.59%	13.95%	14.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	283.11%	244.96%	229.75%	167.79%	55.61%	46.25%	39.98%	37.65%	39.70%	42.33%	44.33%
Augmented Payout Ratio	290.10%	250.19%	234.66%	171.28%	58.22%	48.43%	41.87%	39.50%	41.73%	44.07%	46.23%

Frequently Asked Questions About Marine Products' Financials

When does Marine Products's fiscal year end?

According to the most recent income statement we have on file, Marine Products' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Marine Products' net income changed over the last 2 years?

Marine Products' net income appears to be on a downward trend, with a most recent value of $17.85 million in 2024, falling from $40.35 million in 2022. The previous period was $41.70 million in 2023. See where experts think Marine Products is headed by visiting Marine Products' forecast page.

What is Marine Products's operating income?

Marine Products's total operating income in 2024 was $18.27 million, based on the following breakdown:

Total Gross Profit: $45.50 million
Total Operating Expenses: $27.23 million

How has Marine Products revenue changed over the last 2 years?

Over the last 2 years, Marine Products' total revenue changed from $381.00 million in 2022 to $236.56 million in 2024, a change of -37.9%.

How much debt does Marine Products have?

Marine Products' total liabilities were at $42.24 million at the end of 2024, a 0.1% increase from 2023, and a 7.4% increase since 2022.

How much cash does Marine Products have?

In the past 2 years, Marine Products' cash and equivalents has ranged from $43.17 million in 2022 to $71.95 million in 2023, and is currently $52.38 million as of their latest financial filing in 2024.

How has Marine Products' book value per share changed over the last 2 years?

Over the last 2 years, Marine Products' book value per share changed from 3.64 in 2022 to 3.72 in 2024, a change of 2.2%.

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This page (NYSE:MPX) was last updated on 5/21/2025 by MarketBeat.com Staff

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Marine Products (MPX) Financials

Frequently Asked Questions About Marine Products' Financials

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Marine Products (MPX) Financials

Annual Income Statements for Marine Products

Quarterly Income Statements for Marine Products

Annual Cash Flow Statements for Marine Products

Quarterly Cash Flow Statements for Marine Products

Annual Balance Sheets for Marine Products

Quarterly Balance Sheets for Marine Products

Annual Metrics And Ratios for Marine Products

Quarterly Metrics And Ratios for Marine Products

Frequently Asked Questions About Marine Products' Financials

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