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TickerMPX
SectorAuto - Recreational Vehicles
Mkt cap$309M
EV / EBITDA14.5×
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1129155

Marine Products Corporation

MPXHIGH VELOCITYFILING INTENSITY

Marine Products Corporation reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Automotive.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$252M
EBITDA$18M
Enterprise value$263M
EV / Revenue1.0×
EV / EBITDA14.5×
P/EN/A
Cash$46M
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

3/100

Companies actively deploying disclosed capital into M&A

  • $7M disclosed buyer spend

Buyer Cadence

12/100

Buyer-side companies with recent filing activity

  • Filed within 32d
  • 390 8-Ks

Target Probability

48/100

Issuers showing target-side patterns from filings

  • Control-process language
  • 20 activism filings

Spin/Carve

2/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 3 spin pre-registrations
  • Latest event 25y ago; heavily discounted
  • 20 activism filings

Pressure Watch

45/100

Issuers facing activism, governance, or control pressure

  • 20 activism filings
  • Latest activism 3.5y ago; discounted
  • Control-process filings

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 20 activism filings

Restatement Risk

2/100

Issuers with accounting-integrity flags from filings

  • 2 non-reliance 8-Ks
  • Latest event 12y ago; heavily discounted

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 390 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $263M
  • 10-Q 32d ago
  • 4 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $7M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

The Company expects to adopt these provisions as it completes future acquisitions and does not expect the adoption to have a material impact on its financial statements.

10-KFY2017

Adoption of these provisions is not expected to have a material impact on the Company’s consolidated financial statements.

10-KFY2009

The amendments are intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments provide a more robust framework to use in determining when a set of assets and activities is a business. The Company adopted these provisions in the first quarter of 2018 and will apply these provisions as it completes future acquisitions. The Company does not expect the adoption of these provisions to have an ongoing material impact on its consolidated financial statements.

10-KFY2018
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Automotive

Market spend (2023–2025)
$12.1B
Market spend (2020–2022)
$19.2B
Recent vs prior
−37%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

14.5×EV / EBITDA

MPX trades at a +4.9-turn premium to the Automotive peer median of 9.6×.

EV / Revenue
1.0×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
9.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
Marine Products CorporationMPX
14.5×1.0×N/A$252MN/A
14.4×3.9×4.0×$3.7B$2.7B
12.2×1.3×0.4×$5.5B$136M
9.6×0.9×-1.6×$20.7B$42M
9.2×1.0×1.8×$4.2B$159M
8.1×0.5×1.1×$9.9B$14M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Automotive. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)272026-04-29
  • 10-Q (quarterly)792026-05-08
  • 8-K (event)3902026-05-07
  • Proxy / DEF 14A342026-04-02
  • Activism (13D / DFAN / PREC)202022-12-05

Signals on file

  • critical

    Non-reliance disclosure

    2014-03-03

    2 Item 4.02 filings on file; financial-statement non-reliance.

  • elevated

    Spin registration

    2001-02-13

    3 Form 10-12 filings on file; pre-spin registration.

  • elevated

    Activism on file

    2022-12-05

    20 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Recent transaction activity

  • info

    Signal

    Control-process filings

  • info

    Signal

    Spin/Carve candidate

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.