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Ocean Bio Chem Inc  (OBCI)
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Ocean Bio Chem Inc's

Competitiveness


 

OBCI Sales vs. its Competitors Q3 2019



Comparing the results to its competitors, Ocean Bio Chem Inc reported Total Revenue decrease in the 3 quarter 2019 year on year by -5.15 %, faster than overall decrease of Ocean Bio Chem Inc's competitors by -8.39 %, recorded in the same quarter.

List of OBCI Competitors

With net margin of 9 % company reported lower profitability than its competitors.

More on OBCI Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Ocean Bio Chem Inc Net Income in 3 quarter 2019 declined year on year by -11.62 %, despite income growth by most of its competitors

<<  More on OBCI Income Comparisons


Ocean Bio Chem Inc's Comment on Competitors and Industry Peers


Competition with respect to our principal product lines is described below. The principal elements of competition affecting all of our product lines are brand recognition, price, service and the ability to deliver products on a timely basis.

Marine: We have several national and regional competitors in the marine marketplace. We do not believe that any competitor or small group of competitors hold a dominant market share. We believe that we can increase or maintain our market share through expenditures directed to our present advertising and distribution channels.

Automotive: There are a large number of companies, both national and regional, that compete with us. Many are more established and have greater financial resources than we do. While our market share is small, the total market size is substantial. We believe that we have established a reasonable market share through our present advertising and distribution channels, considering the large size of this market.

Recreational Vehicle/Power Sports: We compete with national and regional competitors. We do not believe that any competitor or small group of competitors hold a dominant market share. We believe that we can increase or maintain our market share by utilizing similar advertising and distribution channels to those we use in the marine market.

Outdoor Power Equipment/Lawn & Garden: We compete with several established national and regional competitors. We do not believe that any competitor or small group of competitors hold a dominant market share. We have attempted to make inroads in this market by emphasizing Star Tron®’s unique formulation and by increasing our advertising and attendance at trade shows.

Disinfectants, Sanitizers and Deodorants: There are a large number of companies that compete with us, many of which are much larger, and have much greater financial resources than we do. We emphasize the effectiveness of chlorine dioxide, coupled with the convenience in application of our Performacide® products.





  

Total Segment Market Share Q3 2019

despite revenue deterioration, Ocean Bio Chem Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 29.62 %.



<<  More on OBCI Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


OBCI's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Ocean Bio Chem Inc OBCI 34 41 3 128
Ener-core, Inc. ENCR 0 0 -9 13
Ashland Global Holdings Inc. ASH 87 2,450 585 11,000
Nl Industries Inc NL 185 122 24 2,776
3m Co MMM 91,459 32,136 4,582 89,800
Innospec Inc. IOSP 2,397 1,545 112 1,800
The Clorox Company CLX 20,889 6,089 817 7,700
Powerverde, Inc. PWVI 8 0 -1 1
SUBTOTAL 115,059 42,384 6,113 113,218


             
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