Marine Products's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Marine Products (MPX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Marine Products vs Its Competitors
- TTM: Trailing 12-month revenue of 251M vs 9,726M combined for tracked competitors (2.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.3% annualized vs trailing 12 months), vs decelerating (-3.5%) for its tracked peer group.
- Growth: Marine Products generated 12.1% revenue growth year over year in Q1 2026, vs 9.4% for its tracked competitors combined.
- Profitability: Its -3.1% net margin compares with 1.0% for the peer group.
- Peer revenue share: Marine Products accounted for 2.7% of combined revenue among its tracked peer group, up from 2.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.36M compares with $0.41M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MPX Sales vs. its Competitors, Q1 2026
Marine Products reported revenue growth of 12.07 % year on year in Q1 2026, above its competitors' combined revenue growth of 9.42 %.
With a net margin of -3.13 %, Marine Products reported lower profitability than its competitors (0.96 %).
Marine Products generated 2.74 % of the combined sales of its peer group, up from 2.67 % a year earlier.
Marine Products vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Marine Products and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Marine Products Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Marine Products's competitor groups requires a Commercial License.
For context: the Ship & Boat Building industry grew revenue 11.5% year over year, combined, vs 12.1% for Marine Products. Marine Products's share of combined industry revenue moved from 0.38% to 0.38%, a gain of 0.00 percentage points.
Marine Products's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Marine Products Corporation | Yes | Yes | No | Yes |
| Competitors combined (4) | ||||
| High-Confidence Competitors (7) | ||||
| Similar Growth & Profitability (8) | 50.00 % (4 of 8) | 100.00 % (8 of 8) | 37.50 % (3 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MPX Stock Performance relative to its Competitors
MPX Stock Performance relative to High-Confidence Competitors
MPX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brunswick Corporation | 282.9% | Outperformed |
| 2 | Mastercraft Boat Holdings Inc | 282.9% | Outperformed |
| 3 | Winnebago Industries Inc | 282.9% | Outperformed |
| 4 | Malibu Boats Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Marine Products's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Marine Products's Comment on Competition and Industry Peers
According to Statistical Surveys, Inc., the following is a list of the top ten (largest to smallest) sterndrive boat manufacturers in the United States. According to Statistical Surveys, Inc., the companies set forth below represent approximately 87 percent of all United States retail sterndrive boat registrations with hull lengths of 18 to 33.
1. Chaparral
2. Sea Ray
3. Cobalt
4. Tahoe
5. Bayliner
6. Regal
7. Four Winns
8. Monterey
9. Stingray
10. Crownline
Publicly Traded Peers of Marine Products Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Marine Products Corporation | 284.82 | 250.89 |
| Brunswick Corporation | 4,331.51 | 5,629.90 |
| Winnebago Industries Inc | 767.08 | 2,835.50 |
| Malibu Boats Inc | 447.45 | 912.87 |
| Mastercraft Boat Holdings Inc | 341.03 | 347.40 |
| SUBTOTAL | 6,171.89 | 9,976.56 |
Sources: Marine Products Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Marine Products Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Marine Products's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Crownline | Named by the company | 85% |
| Robalo | Named by the company | 85% |
| Yamaha | Named by the company | 85% |
| Chaparral | Named by the company | 85% |
| OSX Sport Luxury | Named by the company | 85% |
| SSi | Named by the company | 85% |
| Bayliner | Named by the company | 85% |
| Malibu Boats, Inc. | Named by the company | 85% |
| Scarab | Named by the company | 85% |
| Cobalt | Named by the company | 85% |
| Regal | Named by the company | 85% |
| SSX | Named by the company | 85% |
| Brunswick Corporation | Named by the company | 85% |
| Monterey | Named by the company | 85% |
| Sea Ray | Named by the company | 85% |
| Winnebago Industries Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Marine Products's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Marine Products's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Brunswick Corporation | Propulsion 36.01 % |
| Winnebago Industries Inc | Motorhome RV 45.90 % |
| Malibu Boats Inc | Malibu 34.31 % |
| Mastercraft Boat Holdings Inc | Mastercraft Segment 86.10 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Marine Products's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Marine Products Corporation | 285 | 359,446 | 10,189 |
| Brunswick Corporation | 4,332 | 402,136 | -6,143 |
| Winnebago Industries Inc | 767 | 535,000 | 7,264 |
| Malibu Boats Inc | 447 | 304,289 | 569 |
| Mastercraft Boat Holdings Inc | 341 | 248,144 | -1,088 |
| PEERS TOTAL | 5,887 | 410,366 | -1,996 |
Marine Products's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Marine Products Corporation | US 94.04 % |
| Brunswick Corporation | United States 64.92 % |
| Malibu Boats Inc | United States 83.59 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Marine Products's Position in Industry Market Structure
Market-capitalization share and concentration across all 6 companies in Marine Products's industry classification, broader than the peer set above. Market cap in millions of $.Marine Products ranks #0 of 6 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 8,061, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | General Dynamics Corporation | 91,984 | 89.23 % |
| 2 | Huntington Ingalls Industries Inc | 10,298 | 9.99 % |
| 3 | Malibu Boats Inc | 1,234 | 5.2% |
| 4 | Mastercraft Boat Holdings Inc | 1,234 | 5.2% |
| 5 | Twin Vee Powercats Co | 1,234 | 5.2% |
| 6 | Vision Marine Technologies inc | 1,234 | 5.2% |
| 0 | Marine Products Corporation | 282 | 0.00 % |
Market cap and industry share for the rest of Marine Products's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-05-14.
Marine Products's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Ship & Boat Building industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (7 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 18.69 % | 14.03 % (avg) | +4.7 pp |
| Operating Margin | 3.47 % | industry median | -0.1 pp |
| EBITDA Margin | 5.36 % | -2.55 % (avg) | +7.9 pp |
| Capital Intensity (Capex / Revenue) | 0.77 % | 2.69 % (avg) | -1.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Marine Products's Valuation vs Competitive Position
Valuation multiples vs the Ship & Boat Building industry average (7 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 39.6x | 30.7x | +8.9x |
| EV / EBITDA | 19.6x | 15.0x | +4.6x |
| P/B | 2.1x | 2.3x | -0.2x |
| Return on Equity | 5.73 % | industry aggregate | -10.36 % |
| Return on Invested Capital | 3.48 % | -8.03 % (avg) | 11.51 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Marine Products's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 11.71 % | -2.17 % | -17.91 % | 24.26 % | 27.84 % | 0.63 % | -38.31 % | 3.08 % |
| Operating Margin | 11.85 % | 11.68 % | 10.16 % | 12.21 % | 13.59 % | 12.83 % | 7.72 % | 5.75 % |
| Return on Invested Capital | 22.18 % | 20.58 % | 14.28 % | 18.06 % | 21.55 % | 16.00 % | 6.27 % | 5.41 % |
| P/E | 22.6x | 17.8x | 28.1x | 14.4x | 10.1x | 8.7x | 19.0x | 28.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Marine Products's Strategic Group Map
Every company in Marine Products's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Marine Products is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Marine Products's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 8,061 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.77 % vs industry average 2.69 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Marine Products's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Marine Products's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Marine Products's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Marine Products falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Marine Products's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+5.3% annualized vs trailing 12 months).
Weaknesses
- Return on equity 10.4 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 13.5% median pace.
Threats
- Industry dominated by General Dynamics Corporation, holding 89.23 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-3.5% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Marine Products's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Marine Products Corporation | - | 3.40 | - |
| Brunswick Corporation | 0.20 | 1.49 | 1.33 |
| Winnebago Industries Inc | 0.37 | 2.44 | 0.40 |
| Malibu Boats Inc | 0.28 | 1.47 | 0.18 |
| Mastercraft Boat Holdings Inc | 0.59 | 1.77 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Marine Products's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Marine Products Corporation | Q1 2026 | +12.1 % | - |
| Brunswick Corporation | Q2 2026 | +7.7 % | +85.2 % |
| Winnebago Industries Inc | Q2 2026 | -9.8 % | -17.6 % |
| Malibu Boats Inc | Q2 2026 | +41.6 % | +53.7 % |
| Mastercraft Boat Holdings Inc | Q2 2026 | +61.6 % | - |
| PEERS TOTAL | +6.9 % | +36.8 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Marine Products's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Marine Products Corporation | Q1 2026 | +14.6 % | +416.7 % |
| Brunswick Corporation | Q2 2026 | +4.0 % | -7.8 % |
| Winnebago Industries Inc | Q2 2026 | -9.7 % | -36.1 % |
| Malibu Boats Inc | Q2 2026 | +38.3 % | +44.6 % |
| Mastercraft Boat Holdings Inc | Q2 2026 | +62.3 % | -8.3 % |
Marine Products's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Marine Products Corporation | 4.38% | 5.65% | 5.73% |
| Brunswick Corporation | - | - | - |
| Winnebago Industries Inc | 1.84% | 2.10% | 3.13% |
| Malibu Boats Inc | 0.20% | 0.23% | 0.33% |
| Mastercraft Boat Holdings Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Marine Products's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Marine Products Corporation | 42.67 | 1.14 |
| Brunswick Corporation | - | 0.77 |
| Winnebago Industries Inc | 20.01 | 0.27 |
| Malibu Boats Inc | 330.43 | 0.49 |
| Mastercraft Boat Holdings Inc | - | 0.98 |
| PEERS AVERAGE | - | 0.62 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.