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Side-by-side financial comparison of Hinge Health, Inc. (HNGE) and MARCUS CORP (MCS). Click either name above to swap in a different company.

MARCUS CORP is the larger business by last-quarter revenue ($193.5M vs $154.2M, roughly 1.3× Hinge Health, Inc.). Hinge Health, Inc. produced more free cash flow last quarter ($82.3M vs $26.4M).

Hinge Health is a leading digital musculoskeletal care solution provider that delivers clinically validated programs combining exercise therapy, pain management, and one-on-one health coaching for employers, health plans, and individual users across North America and Europe, focused on reducing chronic musculoskeletal pain and improving long-term physical health outcomes.

Marcus & Millichap, Inc. is an American company that provides real estate brokerage, mortgage brokerage, research, and advisory services in the U.S. and Canada in the field of commercial property. It popularized the practice of listing properties exclusively with one brokerage firm. The company has over 1,800 employees in more than 80 offices across the U.S. and Canada.

HNGE vs MCS — Head-to-Head

Bigger by revenue
MCS
MCS
1.3× larger
MCS
$193.5M
$154.2M
HNGE
More free cash flow
HNGE
HNGE
$55.9M more FCF
HNGE
$82.3M
$26.4M
MCS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HNGE
HNGE
MCS
MCS
Revenue
$154.2M
$193.5M
Net Profit
$-1.8M
Gross Margin
81.8%
Operating Margin
-4.0%
0.9%
Net Margin
-1.2%
Revenue YoY
2.8%
Net Profit YoY
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HNGE
HNGE
MCS
MCS
Q4 25
$193.5M
Q3 25
$154.2M
$210.2M
Q2 25
$139.1M
$206.0M
Q1 25
$148.8M
Q4 24
$188.3M
Q3 24
$232.7M
Q2 24
$176.0M
Q1 24
$138.5M
Net Profit
HNGE
HNGE
MCS
MCS
Q4 25
Q3 25
$-1.8M
$16.2M
Q2 25
$-575.7M
$7.3M
Q1 25
$-16.8M
Q4 24
$986.0K
Q3 24
$23.3M
Q2 24
$-20.2M
Q1 24
$-11.9M
Gross Margin
HNGE
HNGE
MCS
MCS
Q4 25
Q3 25
81.8%
Q2 25
70.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
HNGE
HNGE
MCS
MCS
Q4 25
0.9%
Q3 25
-4.0%
10.8%
Q2 25
-417.5%
6.3%
Q1 25
-13.7%
Q4 24
-1.2%
Q3 24
14.1%
Q2 24
1.3%
Q1 24
-12.0%
Net Margin
HNGE
HNGE
MCS
MCS
Q4 25
Q3 25
-1.2%
7.7%
Q2 25
-413.8%
3.6%
Q1 25
-11.3%
Q4 24
0.5%
Q3 24
10.0%
Q2 24
-11.5%
Q1 24
-8.6%
EPS (diluted)
HNGE
HNGE
MCS
MCS
Q4 25
Q3 25
$-0.02
Q2 25
$-13.10
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HNGE
HNGE
MCS
MCS
Cash + ST InvestmentsLiquidity on hand
$480.0M
$23.4M
Total DebtLower is stronger
$159.0M
Stockholders' EquityBook value
$208.0M
$457.4M
Total Assets
$769.8M
$1.0B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNGE
HNGE
MCS
MCS
Q4 25
$23.4M
Q3 25
$480.0M
$7.4M
Q2 25
$413.3M
$14.9M
Q1 25
$11.9M
Q4 24
$40.8M
Q3 24
$28.4M
Q2 24
$32.8M
Q1 24
$17.3M
Total Debt
HNGE
HNGE
MCS
MCS
Q4 25
$159.0M
Q3 25
$162.0M
Q2 25
$179.9M
Q1 25
$198.9M
Q4 24
$159.1M
Q3 24
$173.1M
Q2 24
$175.7M
Q1 24
$169.8M
Stockholders' Equity
HNGE
HNGE
MCS
MCS
Q4 25
$457.4M
Q3 25
$208.0M
$454.3M
Q2 25
$173.8M
$448.4M
Q1 25
$441.8M
Q4 24
$464.9M
Q3 24
$462.3M
Q2 24
$449.4M
Q1 24
$459.3M
Total Assets
HNGE
HNGE
MCS
MCS
Q4 25
$1.0B
Q3 25
$769.8M
$1.0B
Q2 25
$693.7M
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.1B
Q1 24
$1.0B
Debt / Equity
HNGE
HNGE
MCS
MCS
Q4 25
0.35×
Q3 25
0.36×
Q2 25
0.40×
Q1 25
0.45×
Q4 24
0.34×
Q3 24
0.37×
Q2 24
0.39×
Q1 24
0.37×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HNGE
HNGE
MCS
MCS
Operating Cash FlowLast quarter
$82.4M
$48.8M
Free Cash FlowOCF − Capex
$82.3M
$26.4M
FCF MarginFCF / Revenue
53.4%
13.6%
Capex IntensityCapex / Revenue
0.0%
11.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$989.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNGE
HNGE
MCS
MCS
Q4 25
$48.8M
Q3 25
$82.4M
$39.1M
Q2 25
$25.1M
$31.6M
Q1 25
$-35.3M
Q4 24
$52.6M
Q3 24
$30.5M
Q2 24
$36.0M
Q1 24
$-15.1M
Free Cash Flow
HNGE
HNGE
MCS
MCS
Q4 25
$26.4M
Q3 25
$82.3M
$18.2M
Q2 25
$24.9M
$14.7M
Q1 25
$-58.3M
Q4 24
$27.1M
Q3 24
$12.0M
Q2 24
$16.1M
Q1 24
$-30.5M
FCF Margin
HNGE
HNGE
MCS
MCS
Q4 25
13.6%
Q3 25
53.4%
8.7%
Q2 25
17.9%
7.1%
Q1 25
-39.2%
Q4 24
14.4%
Q3 24
5.2%
Q2 24
9.2%
Q1 24
-22.0%
Capex Intensity
HNGE
HNGE
MCS
MCS
Q4 25
11.6%
Q3 25
0.0%
9.9%
Q2 25
0.2%
8.2%
Q1 25
15.5%
Q4 24
13.5%
Q3 24
7.9%
Q2 24
11.3%
Q1 24
11.1%
Cash Conversion
HNGE
HNGE
MCS
MCS
Q4 25
Q3 25
2.41×
Q2 25
4.32×
Q1 25
Q4 24
53.31×
Q3 24
1.31×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HNGE
HNGE

Segment breakdown not available.

MCS
MCS

Theatres$123.1M64%
Concessions$51.0M26%
Food And Beverage$21.2M11%

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