Marine Products (MPX) Financials

$8.07 -0.17 (-2.05%)

Closing price 03:59 PM Eastern

Extended Trading

$8.11 +0.04 (+0.53%)

As of 07:21 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	40	42	18
Consolidated Net Income / (Loss)	40	42	18
Net Income / (Loss) Continuing Operations	40	42	18
Total Pre-Tax Income	52	52	21
Total Operating Income	52	49	18
Total Gross Profit	94	90	45
Total Revenue	381	384	237
Operating Revenue	381	384	237
Total Cost of Revenue	287	293	191
Operating Cost of Revenue	287	293	191
Total Operating Expenses	42	41	27
Selling, General & Admin Expense	42	43	27
Other Special Charges / (Income)	0.00	-2.04	-0.14
Total Other Income / (Expense), net	0.34	2.86	2.88
Interest & Investment Income	0.34	2.86	2.88
Income Tax Expense	12	10	3.29
Basic Earnings per Share	$1.18	$1.21	$0.50
Weighted Average Basic Shares Outstanding	34.44M	34.68M	34.96M
Diluted Earnings per Share	$1.18	$1.21	$0.50
Weighted Average Diluted Shares Outstanding	34.44M	34.68M	34.96M
Weighted Average Basic & Diluted Shares Outstanding	34.44M	34.68M	34.96M
Cash Dividends to Common per Share	$0.50	$0.56	$1.26

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	5.29	16	19	3.61	-5.51	11	9.27	-26	-1.60	-1.15
Net Cash From Operating Activities	9.97	22	27	14	-0.61	17	16	3.82	5.15	4.64
Net Cash From Continuing Operating Activities	9.97	22	27	14	-0.61	17	16	3.82	5.15	4.64
Net Income / (Loss) Continuing Operations	11	12	12	14	10	5.42	4.60	5.59	3.40	4.27
Consolidated Net Income / (Loss)	11	12	12	14	10	5.42	4.60	5.59	3.40	4.27
Depreciation Expense	0.48	0.49	0.52	0.62	0.61	0.67	0.68	0.70	0.70	0.70
Non-Cash Adjustments To Reconcile Net Income	0.68	1.78	2.87	1.42	-1.13	0.88	0.96	1.43	0.96	0.74
Changes in Operating Assets and Liabilities, net	-2.66	8.10	12	-2.52	-10	9.70	9.68	-3.89	0.08	-1.06
Net Cash From Investing Activities	-0.58	-1.13	-1.79	-5.41	-0.08	-0.60	-0.88	-0.78	-1.86	-0.91
Net Cash From Continuing Investing Activities	-0.58	-1.13	-1.79	-5.41	-0.08	-0.60	-0.88	-0.78	-1.86	-0.91
Purchase of Property, Plant & Equipment	-0.58	-1.13	-1.79	-5.41	-1.21	-1.77	-0.88	-0.78	-1.91	-1.02
Sale of Property, Plant & Equipment	-	-	-	-	-	1.17	-	-	-	0.11
Net Cash From Financing Activities	-4.10	-4.78	-5.73	-4.82	-4.82	-4.83	-5.76	-29	-4.88	-4.89
Net Cash From Continuing Financing Activities	-4.10	-4.78	-5.73	-4.82	-4.82	-4.83	-5.76	-29	-4.88	-4.89
Payment of Dividends	-4.10	-4.78	-4.82	-4.82	-4.82	-4.83	-4.85	-29	-4.86	-4.89
Cash Income Taxes Paid	4.69	4.24	0.36	7.18	3.20	3.18	0.00	2.87	0.51	1.10

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

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

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

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

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

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

Frequently Asked Questions About Marine Products' Financials

When does Marine Products's financial year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Marine Products (MPX) Financials

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Marine Products (MPX) Financials

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