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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是MARCUS CORP的6.7倍（$1.3B vs $193.5M）。MARCUS CORP同比增速更快（2.8% vs -1.4%）。AMC ENTERTAINMENT HOLDINGS, INC.自由现金流更多（$43.3M vs $26.4M）。过去两年MARCUS CORP的营收复合增速更高（18.2% vs 16.4%）
AMC娱乐控股是总部位于美国堪萨斯州利伍德的连锁影院集团，1920年创立于密苏里州堪萨斯城，是全球规模最大的影院运营商，目前在全球共运营约860家影院、总计超过9600块银幕，业务覆盖美国与欧洲多地。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
AMC vs MCS — 直观对比
营收规模更大
AMC
是对方的6.7倍
$193.5M
营收增速更快
MCS
高出4.1%
-1.4%
自由现金流更多
AMC
多$16.9M
$26.4M
两年增速更快
MCS
近两年复合增速
16.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $193.5M |
| 净利润 | $-127.4M | — |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 0.9% |
| 净利率 | -9.9% | — |
| 营收同比 | -1.4% | 2.8% |
| 净利润同比 | 6.0% | — |
| 每股收益（稀释后） | $-0.28 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMCMCS
| Q4 25 | $1.3B | $193.5M | ||
| Q3 25 | $1.3B | $210.2M | ||
| Q2 25 | $1.4B | $206.0M | ||
| Q1 25 | $862.5M | $148.8M | ||
| Q4 24 | $1.3B | $188.3M | ||
| Q3 24 | $1.3B | $232.7M | ||
| Q2 24 | $1.0B | $176.0M | ||
| Q1 24 | $951.4M | $138.5M |
净利润AMCMCS
| Q4 25 | $-127.4M | — | ||
| Q3 25 | $-298.2M | $16.2M | ||
| Q2 25 | $-4.7M | $7.3M | ||
| Q1 25 | $-202.1M | $-16.8M | ||
| Q4 24 | $-135.6M | $986.0K | ||
| Q3 24 | $-20.7M | $23.3M | ||
| Q2 24 | $-32.8M | $-20.2M | ||
| Q1 24 | $-163.5M | $-11.9M |
营业利润率AMCMCS
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 2.8% | 10.8% | ||
| Q2 25 | 6.6% | 6.3% | ||
| Q1 25 | -16.9% | -13.7% | ||
| Q4 24 | 0.4% | -1.2% | ||
| Q3 24 | 5.3% | 14.1% | ||
| Q2 24 | -4.6% | 1.3% | ||
| Q1 24 | -11.4% | -12.0% |
净利率AMCMCS
| Q4 25 | -9.9% | — | ||
| Q3 25 | -22.9% | 7.7% | ||
| Q2 25 | -0.3% | 3.6% | ||
| Q1 25 | -23.4% | -11.3% | ||
| Q4 24 | -10.4% | 0.5% | ||
| Q3 24 | -1.5% | 10.0% | ||
| Q2 24 | -3.2% | -11.5% | ||
| Q1 24 | -17.2% | -8.6% |
每股收益（稀释后）AMCMCS
| Q4 25 | $-0.28 | — | ||
| Q3 25 | $-0.58 | — | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $-0.47 | — | ||
| Q4 24 | $-0.28 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 24 | $-0.62 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $428.5M | $23.4M |
| 总债务越低越好 | $4.0B | $159.0M |
| 股东权益账面价值 | $-1.9B | $457.4M |
| 总资产 | $8.0B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资AMCMCS
| Q4 25 | $428.5M | $23.4M | ||
| Q3 25 | $365.8M | $7.4M | ||
| Q2 25 | $423.7M | $14.9M | ||
| Q1 25 | $378.7M | $11.9M | ||
| Q4 24 | $632.3M | $40.8M | ||
| Q3 24 | $527.4M | $28.4M | ||
| Q2 24 | $770.3M | $32.8M | ||
| Q1 24 | $624.2M | $17.3M |
总债务AMCMCS
| Q4 25 | $4.0B | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | $4.1B | $198.9M | ||
| Q4 24 | $4.1B | $159.1M | ||
| Q3 24 | $4.2B | $173.1M | ||
| Q2 24 | $4.3B | $175.7M | ||
| Q1 24 | $4.5B | $169.8M |
股东权益AMCMCS
| Q4 25 | $-1.9B | $457.4M | ||
| Q3 25 | $-1.8B | $454.3M | ||
| Q2 25 | $-1.7B | $448.4M | ||
| Q1 25 | $-1.7B | $441.8M | ||
| Q4 24 | $-1.8B | $464.9M | ||
| Q3 24 | $-1.7B | $462.3M | ||
| Q2 24 | $-1.7B | $449.4M | ||
| Q1 24 | $-2.0B | $459.3M |
总资产AMCMCS
| Q4 25 | $8.0B | $1.0B | ||
| Q3 25 | $8.0B | $1.0B | ||
| Q2 25 | $8.2B | $1.0B | ||
| Q1 25 | $8.1B | $1.0B | ||
| Q4 24 | $8.2B | $1.0B | ||
| Q3 24 | $8.3B | $1.0B | ||
| Q2 24 | $8.6B | $1.1B | ||
| Q1 24 | $8.5B | $1.0B |
负债/权益比AMCMCS
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $126.7M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $43.3M | $26.4M |
| 自由现金流率自由现金流/营收 | 3.4% | 13.6% |
| 资本支出强度资本支出/营收 | 6.5% | 11.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-365.9M | $989.0K |
8季度趋势，按日历期对齐
经营现金流AMCMCS
| Q4 25 | $126.7M | $48.8M | ||
| Q3 25 | $-14.9M | $39.1M | ||
| Q2 25 | $138.4M | $31.6M | ||
| Q1 25 | $-370.0M | $-35.3M | ||
| Q4 24 | $203.6M | $52.6M | ||
| Q3 24 | $-31.5M | $30.5M | ||
| Q2 24 | $-34.6M | $36.0M | ||
| Q1 24 | $-188.3M | $-15.1M |
自由现金流AMCMCS
| Q4 25 | $43.3M | $26.4M | ||
| Q3 25 | $-81.1M | $18.2M | ||
| Q2 25 | $88.9M | $14.7M | ||
| Q1 25 | $-417.0M | $-58.3M | ||
| Q4 24 | $113.9M | $27.1M | ||
| Q3 24 | $-92.2M | $12.0M | ||
| Q2 24 | $-79.2M | $16.1M | ||
| Q1 24 | $-238.8M | $-30.5M |
自由现金流率AMCMCS
| Q4 25 | 3.4% | 13.6% | ||
| Q3 25 | -6.2% | 8.7% | ||
| Q2 25 | 6.4% | 7.1% | ||
| Q1 25 | -48.3% | -39.2% | ||
| Q4 24 | 8.7% | 14.4% | ||
| Q3 24 | -6.8% | 5.2% | ||
| Q2 24 | -7.7% | 9.2% | ||
| Q1 24 | -25.1% | -22.0% |
资本支出强度AMCMCS
| Q4 25 | 6.5% | 11.6% | ||
| Q3 25 | 5.1% | 9.9% | ||
| Q2 25 | 3.5% | 8.2% | ||
| Q1 25 | 5.4% | 15.5% | ||
| Q4 24 | 6.9% | 13.5% | ||
| Q3 24 | 4.5% | 7.9% | ||
| Q2 24 | 4.3% | 11.3% | ||
| Q1 24 | 5.3% | 11.1% |
现金转化率AMCMCS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMC
| Admission | $701.6M | 54% |
| Food And Beverage | $436.5M | 34% |
| Other | $106.2M | 8% |
| Advertising | $44.0M | 3% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
