Marine Products Corporation (MPX) - Net Assets
Based on the latest financial reports, Marine Products Corporation (MPX) has net assets worth $124.97 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($147.23 Million) and total liabilities ($22.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Marine Products Corporation liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $124.97 Million |
| % of Total Assets | 84.88% |
| Annual Growth Rate | 2.2% |
| 5-Year Change | 26.84% |
| 10-Year Change | 90.95% |
| Growth Volatility | 16.96 |
Marine Products Corporation - Net Assets Trend (1998–2025)
This chart illustrates how Marine Products Corporation's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Marine Products Corporation for the complete picture of this company's asset base.
Annual Net Assets for Marine Products Corporation (1998–2025)
The table below shows the annual net assets of Marine Products Corporation from 1998 to 2025. For live valuation and market cap data, see Marine Products Corporation market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $124.97 Million | -3.13% |
| 2024-12-31 | $129.00 Million | -14.90% |
| 2023-12-31 | $151.59 Million | +21.87% |
| 2022-12-31 | $124.38 Million | +26.24% |
| 2021-12-31 | $98.53 Million | +16.57% |
| 2020-12-31 | $84.52 Million | +9.46% |
| 2019-12-31 | $77.21 Million | +2.66% |
| 2018-12-31 | $75.21 Million | +8.06% |
| 2017-12-31 | $69.60 Million | +6.35% |
| 2016-12-31 | $65.44 Million | -27.45% |
| 2015-12-31 | $90.21 Million | +8.05% |
| 2014-12-31 | $83.49 Million | +2.13% |
| 2013-12-31 | $81.75 Million | +5.15% |
| 2012-12-31 | $77.75 Million | -16.78% |
| 2011-12-31 | $93.42 Million | +8.24% |
| 2010-12-31 | $86.31 Million | +5.88% |
| 2009-12-31 | $81.51 Million | -10.22% |
| 2008-12-31 | $90.79 Million | -3.17% |
| 2007-12-31 | $93.76 Million | -7.54% |
| 2006-12-31 | $101.40 Million | +15.64% |
| 2005-12-31 | $87.69 Million | +0.36% |
| 2004-12-31 | $87.37 Million | +24.88% |
| 2003-12-31 | $69.97 Million | +23.11% |
| 2002-12-31 | $56.83 Million | +22.63% |
| 2001-12-31 | $46.34 Million | -49.95% |
| 2000-12-31 | $92.59 Million | +17.75% |
| 1999-12-31 | $78.63 Million | +13.12% |
| 1998-12-31 | $69.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marine Products Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12146500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $121.47 Million | 97.20% |
| Common Stock | $3.50 Million | 2.80% |
| Total Equity | $124.97 Million | 100.00% |
Marine Products Corporation Competitors by Market Cap
The table below lists competitors of Marine Products Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Ecoener S.A.
MC:ENER
|
$278.96 Million |
|
Nanhua Instruments Co Ltd
SHE:300417
|
$279.02 Million |
|
Compagnie d Entreprises CFE SA
BR:CFEB
|
$279.02 Million |
|
Arlandastad Group AB
ST:AGROUP
|
$279.10 Million |
|
Sidetrade
PA:ALBFR
|
$278.91 Million |
|
Jaya Tiasa Holdings Bhd
KLSE:4383
|
$278.90 Million |
|
Pizza Pizza Royalty Corp.
TO:PZA
|
$278.88 Million |
|
Foghorn Therapeutics Inc
NASDAQ:FHTX
|
$278.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marine Products Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 129,003,000 to 124,965,000, a change of -4,038,000 (-3.1%).
- Net income of 11,383,000 contributed positively to equity growth.
- Dividend payments of 19,595,000 reduced retained earnings.
- Share repurchases of 1,055,000 reduced equity.
- Other factors increased equity by 5,229,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.38 Million | +9.11% |
| Dividends Paid | $19.59 Million | -15.68% |
| Share Repurchases | $1.05 Million | -0.84% |
| Other Changes | $5.23 Million | +4.18% |
| Total Change | $- | -3.13% |
Book Value vs Market Value Analysis
This analysis compares Marine Products Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.39x to 2.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $1.81 | $7.97 | x |
| 1999-12-31 | $2.07 | $7.97 | x |
| 2000-12-31 | $2.42 | $7.97 | x |
| 2001-12-31 | $1.18 | $7.97 | x |
| 2002-12-31 | $1.41 | $7.97 | x |
| 2003-12-31 | $1.74 | $7.97 | x |
| 2004-12-31 | $2.14 | $7.97 | x |
| 2005-12-31 | $2.17 | $7.97 | x |
| 2006-12-31 | $2.60 | $7.97 | x |
| 2007-12-31 | $2.45 | $7.97 | x |
| 2008-12-31 | $2.58 | $7.97 | x |
| 2009-12-31 | $2.27 | $7.97 | x |
| 2010-12-31 | $2.35 | $7.97 | x |
| 2011-12-31 | $2.54 | $7.97 | x |
| 2012-12-31 | $2.11 | $7.97 | x |
| 2013-12-31 | $2.20 | $7.97 | x |
| 2014-12-31 | $2.24 | $7.97 | x |
| 2015-12-31 | $2.43 | $7.97 | x |
| 2016-12-31 | $1.73 | $7.97 | x |
| 2017-12-31 | $2.00 | $7.97 | x |
| 2018-12-31 | $2.18 | $7.97 | x |
| 2019-12-31 | $2.27 | $7.97 | x |
| 2020-12-31 | $2.49 | $7.97 | x |
| 2021-12-31 | $2.96 | $7.97 | x |
| 2022-12-31 | $3.72 | $7.97 | x |
| 2023-12-31 | $4.51 | $7.97 | x |
| 2024-12-31 | $3.82 | $7.97 | x |
| 2025-12-31 | $3.57 | $7.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marine Products Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.66%
- • Asset Turnover: 1.66x
- • Equity Multiplier: 1.18x
- Recent ROE (9.11%) is below the historical average (18.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 11.04% | 7.41% | 1.33x | 1.12x | $722.60K |
| 1999 | 11.60% | 7.42% | 1.39x | 1.12x | $1.25 Million |
| 2000 | 15.08% | 9.42% | 1.43x | 1.12x | $4.70 Million |
| 2001 | 18.48% | 6.36% | 2.38x | 1.22x | $3.93 Million |
| 2002 | 21.80% | 7.62% | 2.29x | 1.25x | $6.71 Million |
| 2003 | 25.83% | 9.32% | 2.25x | 1.23x | $11.08 Million |
| 2004 | 27.17% | 9.41% | 2.30x | 1.26x | $15.01 Million |
| 2005 | 29.90% | 9.64% | 2.50x | 1.24x | $17.45 Million |
| 2006 | 20.03% | 7.77% | 2.10x | 1.22x | $10.17 Million |
| 2007 | 17.52% | 6.72% | 2.06x | 1.27x | $7.05 Million |
| 2008 | 8.36% | 4.32% | 1.59x | 1.21x | $-1.49 Million |
| 2009 | -13.12% | -22.06% | 0.49x | 1.21x | $-18.84 Million |
| 2010 | 4.46% | 3.81% | 0.98x | 1.19x | $-4.78 Million |
| 2011 | 7.21% | 6.32% | 0.96x | 1.19x | $-2.61 Million |
| 2012 | 8.98% | 4.69% | 1.53x | 1.25x | $-795.70K |
| 2013 | 9.53% | 4.64% | 1.64x | 1.25x | $-380.90K |
| 2014 | 10.68% | 5.21% | 1.65x | 1.24x | $564.60K |
| 2015 | 15.86% | 6.91% | 1.87x | 1.23x | $5.28 Million |
| 2016 | 25.59% | 6.94% | 2.73x | 1.35x | $10.20 Million |
| 2017 | 27.73% | 7.22% | 2.79x | 1.38x | $12.34 Million |
| 2018 | 37.88% | 9.54% | 2.96x | 1.34x | $20.97 Million |
| 2019 | 36.57% | 9.67% | 2.79x | 1.36x | $20.52 Million |
| 2020 | 23.01% | 8.11% | 2.01x | 1.41x | $10.99 Million |
| 2021 | 29.46% | 9.74% | 2.24x | 1.35x | $19.17 Million |
| 2022 | 32.44% | 10.59% | 2.33x | 1.32x | $27.91 Million |
| 2023 | 27.51% | 10.87% | 1.98x | 1.28x | $26.54 Million |
| 2024 | 13.84% | 7.55% | 1.38x | 1.33x | $4.95 Million |
| 2025 | 9.11% | 4.66% | 1.66x | 1.18x | $-1.11 Million |
Industry Comparison
This section compares Marine Products Corporation's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $471,294,066
- Average return on equity (ROE) among peers: 9.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marine Products Corporation (MPX) | $124.97 Million | 11.04% | 0.18x | $278.94 Million |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $-69.66 Million | 0.00% | 0.00x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $12.33 Million | 14.10% | 0.55x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $443.20 Million | 5.16% | 0.17x | $60.71 Million |
| LCI Industries (LCII) | $23.70 Million | 7.59% | 1.52x | $2.83 Billion |
| Massimo Group Common Stock (MAMO) | $12.91 Million | 36.55% | 1.80x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $20.01 Million | 26.72% | 2.29x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About Marine Products Corporation
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets in the United States. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Sportboats; and Robalo outboard sport fishing boats. It a… Read more