Marine Products Corporation

MPX

Consumer CyclicalSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets in the United States. It offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series and Robalo outboard sport fishing boats. The company also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. It sells its products to a network of domestic and international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia. Marine Products Corporation operates as a subsidiary of LOR, Inc.

Valuation

Market Cap$280M

Current Price$8.18as of May 14, 2026

P/E Ratio25.76

P/B Ratio2.24

EV / EBITDA13.78

EV / Sales0.97

Profitability

Operating Margin5.7%

Net Profit Margin4.4%

EBITDA Margin7.0%

Returns

ROE8.7%

ROCE11.2%

ROIC %12.4%

ROA7.4%

Solvency

Current Ratio5.37

Debt / Equity0.00

Debt / Assets0.00

CFO / Net Profit1.51

Price History▼ 6.08% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$244M▲ 3.3%

EBITDA$17M▼ 17.9%

Net Profit$11M▼ 36.2%

Cash from Ops (CFO)$16M▼ 44.2%

Free Cash Flow (FCF)$15M▼ 40.1%

Revenue CAGR 3Y-13.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-34.4%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$244M	$17M	$11M	$15M	9.1%	3.3%	-36.2%
2024	$237M	$21M	$18M	$25M	13.8%	-38.4%	-57.2%
2023	$384M	$50M	$42M	$47M	27.5%	0.7%	3.3%
2022	$381M	$54M	$40M	$47M	32.4%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	381	383.73	236.56	244.42
Operating Revenue	-	381	383.73	236.56	244.42
Cost Of Revenue	-	287.28	293.35	191.06	197.64
Gross Profit	-	93.72	90.38	45.50	46.78
Operating Expense	-	41.92	43.21	27.38	32.75
Selling General And Administration	-	41.92	43.21	27.38	32.75
Total Expenses	-	329.20	336.56	218.43	230.39
Operating Income	-	51.80	47.17	18.12	14.03
Total Operating Income As Reported	-	51.80	49.20	18.27	14.03
EBITDA	-	53.70	49.58	20.91	17.17
Normalized EBITDA	-	53.70	47.55	20.76	17.17
EBIT	-	51.80	47.17	18.12	14.03
Interest Income	-	0.34	2.86	2.88	1.74
Net Interest Income	-	0.34	2.86	2.88	1.74
Other Income Expense	-	-	2.04	0.14	-
Interest Income Non Operating	-	0.34	2.86	2.88	1.74
Net Non Operating Interest Income Expense	-	0.34	2.86	2.88	1.74
Pretax Income	-	52.13	52.06	21.14	15.76
Tax Provision	-	11.79	10.37	3.29	4.38
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0.41	0.02	0
Net Income Continuous Operations	-	40.35	41.70	17.85	11.38
Net Income From Continuing And Discontinued Operation	-	40.35	41.70	17.85	11.38
Net Income From Continuing Operation Net Minority Interest	-	40.35	41.70	17.85	11.38
Net Income	-	40.35	41.70	17.85	11.38
Net Income Common Stockholders	-	39.49	40.70	16.74	10.87
Net Income Including Noncontrolling Interests	-	40.35	41.70	17.85	11.38
Normalized Income	-	40.35	40.06	17.73	11.38
Diluted NI Availto Com Stockholders	-	39.49	40.70	16.74	10.87
Basic Average Shares	-	34.18	34.44	34.69	34.06
Diluted Average Shares	-	34.18	34.44	34.69	34.06
Reconciled Depreciation	-	1.90	2.42	2.79	3.14
Reconciled Cost Of Revenue	-	287.28	293.35	191.06	197.64
Total Unusual Items	-	0	2.04	0.14	0
Total Unusual Items Excluding Goodwill	-	0	2.04	0.14	0
Special Income Charges	-	0	2.04	0.14	0
Gain On Sale Of Ppe	-	0	2.04	0.14	0
Otherunder Preferred Stock Dividend	-	0.86	1	1.11	0.51

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Marine Products Corporationthis co.	MPX	$280M	25.76	2.24	8.7%	13.78
Kingsway Financial Services Inc.	KFS	$307M	-28.62	20.25	-70.7%	562.48
Funko, Inc.	FNKO	$295M	-4.39	1.59	-36.3%	38.08
1-800-FLOWERS.COM, Inc.	FLWS	$290M	-	1.08	-74.5%	-
Rocky Brands, Inc.	RCKY	$281M

Learn while you research

Hand-picked academy chapters to deepen your understanding of Marine Products Corporation and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$244M

$17M

$11M

$15M

9.1%

3.3%

-36.2%

2024

$237M

$21M

$18M

$25M

13.8%

-38.4%

-57.2%

2023

$384M

$50M

$42M

$47M

27.5%

0.7%

3.3%

2022

$381M

$54M

$40M

$47M

32.4%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

381

383.73

236.56

244.42

Operating Revenue

381

383.73

236.56

244.42

Cost Of Revenue

287.28

293.35

191.06

197.64

Gross Profit

93.72

90.38

45.50

46.78

Operating Expense

41.92

43.21

27.38

32.75

Selling General And Administration

41.92

43.21

27.38

32.75

Total Expenses

329.20

336.56

218.43

230.39

Operating Income

51.80

47.17

18.12

14.03

Total Operating Income As Reported

51.80

49.20

18.27

14.03

EBITDA

53.70

49.58

20.91

17.17

Normalized EBITDA

53.70

47.55

20.76

17.17

EBIT

51.80

47.17

18.12

14.03

Interest Income

0.34

2.86

2.88

1.74

Net Interest Income

0.34

2.86

2.88

1.74

Other Income Expense

2.04

0.14

Interest Income Non Operating

0.34

2.86

2.88

1.74

Net Non Operating Interest Income Expense

0.34

2.86

2.88

1.74

Pretax Income

52.13

52.06

21.14

15.76

Tax Provision

11.79

10.37

3.29

4.38

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.41

0.02

Net Income Continuous Operations

40.35

41.70

17.85

11.38

Net Income From Continuing And Discontinued Operation

40.35

41.70

17.85

11.38

Net Income From Continuing Operation Net Minority Interest

40.35

41.70

17.85

11.38

Net Income

40.35

41.70

17.85

11.38

Net Income Common Stockholders

39.49

40.70

16.74

10.87

Net Income Including Noncontrolling Interests

40.35

41.70

17.85

11.38

Normalized Income

40.35

40.06

17.73

11.38

Diluted NI Availto Com Stockholders

39.49

40.70

16.74

10.87

Basic Average Shares

34.18

34.44

34.69

34.06

Diluted Average Shares

34.18

34.44

34.69

34.06

Reconciled Depreciation

1.90

2.42

2.79

3.14

Reconciled Cost Of Revenue

287.28

293.35

191.06

197.64

Total Unusual Items

2.04

0.14

Total Unusual Items Excluding Goodwill

2.04

0.14

Special Income Charges

2.04

0.14

Gain On Sale Of Ppe

2.04

0.14

Otherunder Preferred Stock Dividend

0.86

1.11

0.51

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Marine Products Corporationthis co.

MPX

$280M

25.76

2.24

8.7%

13.78

Kingsway Financial Services Inc.

KFS

$307M

-28.62

20.25

-70.7%

562.48

Funko, Inc.

FNKO

$295M

-4.39

1.59

-36.3%

38.08

1-800-FLOWERS.COM, Inc.

FLWS

$290M

1.08

-74.5%

Rocky Brands, Inc.

RCKY

$281M

Marine Products Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Marine Products Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on