MPX
Income statement / Annual
Last year (2023), Marine Products Corporation's total revenue was $383.73 M,
an increase of 0.72% from the previous year.
In 2023, Marine Products Corporation's net income was $41.70 M.
See Marine Products Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$383.73 M
|
$381.00 M
|
$298.01 M
|
$239.83 M
|
$292.14 M
|
$298.62 M
|
$267.32 M
|
$241.33 M
|
$207.06 M
|
$171.05 M
|
| Cost of Revenue |
$293.35 M |
$287.28 M |
$229.74 M |
$186.22 M |
$226.74 M |
$232.29 M |
$208.30 M |
$190.86 M |
$163.26 M |
$138.38 M |
| Gross Profit |
$90.38 M |
$93.72 M |
$68.27 M |
$53.61 M |
$65.39 M |
$66.32 M |
$59.02 M |
$50.47 M |
$43.80 M |
$32.67 M |
| Gross Profit Ratio |
0.24 |
0.25 |
0.23 |
0.22 |
0.22 |
0.22 |
0.22 |
0.21 |
0.21 |
0.19 |
| Research and Development
Expenses |
$757,000.00
|
$437,000.00
|
$776,000.00
|
$751,000.00
|
$730,000.00
|
$822,000.00
|
$960,000.00
|
$858,000.00
|
$663,000.00
|
$743,000.00
|
| General & Administrative
Expenses |
$43.13 M
|
$41.84 M
|
$30.24 M
|
$27.23 M
|
$28.72 M
|
$28.47 M
|
$26.96 M
|
$24.87 M
|
$20.77 M
|
$18.37 M
|
| Selling & Marketing
Expenses |
$82,400.00
|
$76,800.00
|
$1.65 M
|
$2.01 M
|
$2.54 M
|
$2.47 M
|
$2.31 M
|
$2.55 M
|
$2.48 M
|
$2.29 M
|
| Selling, General &
Administrative Expenses |
$40.30 M
|
$41.92 M
|
$31.88 M
|
$29.24 M
|
$31.26 M
|
$30.94 M
|
$29.26 M
|
$27.42 M
|
$23.25 M
|
$20.67 M
|
| Other Expenses |
$124,000.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
-$4.18 M |
$29.26 M |
$27.42 M |
$23.25 M |
$20.67 M |
| Operating Expenses |
$43.21 M |
$41.92 M |
$31.88 M |
$29.24 M |
$31.26 M |
$30.94 M |
$29.26 M |
$27.42 M |
$23.25 M |
$20.67 M |
| Cost And Expenses |
$334.53 M |
$329.20 M |
$261.62 M |
$215.46 M |
$258.00 M |
$263.23 M |
$237.56 M |
$218.28 M |
$186.51 M |
$159.04 M |
| Interest Income |
$2.86 M |
$338,000.00 |
$16,000.00 |
$95,000.00 |
$323,000.00 |
$268,000.00 |
$229,000.00 |
$355,000.00 |
$420,000.00 |
$521,000.00 |
| Interest Expense |
$0.00 |
$338,000.00 |
$338,000.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$2.42 M
|
$1.91 M
|
$1.82 M
|
$1.95 M
|
$2.09 M
|
$1.82 M
|
$1.53 M
|
$1.38 M
|
$1.01 M
|
$712,000.00
|
| EBITDA |
$51.98 M
|
$53.70 M
|
$38.21 M
|
$26.32 M
|
$34.14 M
|
$37.21 M
|
$31.29 M
|
$24.43 M
|
$21.56 M
|
$12.72 M
|
| EBITDA Ratio |
0.14 |
0.14 |
0.12 |
0.1 |
0.12 |
0.12 |
0.11 |
0.1 |
0.1 |
0.07 |
| Operating Income Ratio
|
0.13
|
0.14
|
0.12
|
0.1
|
0.12
|
0.12
|
0.11
|
0.1
|
0.1
|
0.07
|
| Total Other
Income/Expenses Net |
$2.86 M
|
$338,000.00
|
$16,000.00
|
$95,000.00
|
$323,000.00
|
$268,000.00
|
$229,000.00
|
$355,000.00
|
$420,000.00
|
$521,000.00
|
| Income Before Tax |
$52.06 M |
$52.13 M |
$36.41 M |
$24.46 M |
$34.46 M |
$35.66 M |
$29.99 M |
$23.41 M |
$20.97 M |
$12.53 M |
| Income Before Tax Ratio
|
0.14
|
0.14
|
0.12
|
0.1
|
0.12
|
0.12
|
0.11
|
0.1
|
0.1
|
0.07
|
| Income Tax Expense |
$10.37 M |
$11.79 M |
$7.38 M |
$5.01 M |
$6.22 M |
$7.17 M |
$10.69 M |
$6.66 M |
$6.67 M |
$3.61 M |
| Net Income |
$41.70 M |
$40.35 M |
$29.03 M |
$19.44 M |
$28.24 M |
$28.49 M |
$19.30 M |
$16.75 M |
$14.31 M |
$8.91 M |
| Net Income Ratio |
0.11 |
0.11 |
0.1 |
0.08 |
0.1 |
0.1 |
0.07 |
0.07 |
0.07 |
0.05 |
| EPS |
1.21 |
1.18 |
0.85 |
0.56 |
0.81 |
0.83 |
0.55 |
0.44 |
0.39 |
0.24 |
| EPS Diluted |
1.21 |
1.18 |
0.85 |
0.56 |
0.81 |
0.83 |
0.55 |
0.44 |
0.39 |
0.24 |
| Weighted Average Shares
Out |
$33.61 M
|
$33.44 M
|
$33.31 M
|
$33.93 M
|
$34.06 M
|
$34.53 M
|
$33.75 M
|
$36.63 M
|
$36.96 M
|
$36.94 M
|
| Weighted Average Shares
Out Diluted |
$33.61 M
|
$33.44 M
|
$33.31 M
|
$33.93 M
|
$34.06 M
|
$34.53 M
|
$34.84 M
|
$37.86 M
|
$37.15 M
|
$37.23 M
|
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