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Array Technologies, Inc.（ARRY）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
Array Technologies, Inc.的季度营收约是MARCUS CORP的1.2倍（$226.0M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -17.9%），Array Technologies, Inc.自由现金流更多（$36.2M vs $26.4M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs 18.2%）
ATI科技是原加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器与芯片组的研发，1985年成立，1993年公开上市，2006年被AMD收购。作为全球知名的无晶圆厂半导体厂商，其掌握自研核心技术，生产组装环节采用外包模式。2000年3dfx破产后，ATI成为全球图形芯片领域的核心厂商之一。
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。
ARRY vs MCS — 直观对比
营收规模更大
ARRY
是对方的1.2倍
$193.5M
营收增速更快
MCS
高出20.6%
-17.9%
自由现金流更多
ARRY
多$9.8M
$26.4M
两年增速更快
ARRY
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $193.5M |
| 净利润 | — | — |
| 毛利率 | 8.6% | — |
| 营业利润率 | -65.5% | 0.9% |
| 净利率 | — | — |
| 营收同比 | -17.9% | 2.8% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-1.06 | — |
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ARRYMCS
| Q4 25 | $226.0M | $193.5M | ||
| Q3 25 | $393.5M | $210.2M | ||
| Q2 25 | $362.2M | $206.0M | ||
| Q1 25 | $302.4M | $148.8M | ||
| Q4 24 | $275.2M | $188.3M | ||
| Q3 24 | $231.4M | $232.7M | ||
| Q2 24 | $255.8M | $176.0M | ||
| Q1 24 | $153.4M | $138.5M |
净利润ARRYMCS
| Q4 25 | — | — | ||
| Q3 25 | $33.5M | $16.2M | ||
| Q2 25 | $43.3M | $7.3M | ||
| Q1 25 | $16.7M | $-16.8M | ||
| Q4 24 | — | $986.0K | ||
| Q3 24 | $-141.4M | $23.3M | ||
| Q2 24 | $25.7M | $-20.2M | ||
| Q1 24 | $2.2M | $-11.9M |
毛利率ARRYMCS
| Q4 25 | 8.6% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 26.8% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 33.8% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 35.9% | — |
营业利润率ARRYMCS
| Q4 25 | -65.5% | 0.9% | ||
| Q3 25 | 11.6% | 10.8% | ||
| Q2 25 | 12.8% | 6.3% | ||
| Q1 25 | 9.0% | -13.7% | ||
| Q4 24 | -51.7% | -1.2% | ||
| Q3 24 | -57.3% | 14.1% | ||
| Q2 24 | 15.5% | 1.3% | ||
| Q1 24 | 5.5% | -12.0% |
净利率ARRYMCS
| Q4 25 | — | — | ||
| Q3 25 | 8.5% | 7.7% | ||
| Q2 25 | 11.9% | 3.6% | ||
| Q1 25 | 5.5% | -11.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | -61.1% | 10.0% | ||
| Q2 24 | 10.0% | -11.5% | ||
| Q1 24 | 1.4% | -8.6% |
每股收益（稀释后）ARRYMCS
| Q4 25 | $-1.06 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.02 | — | ||
| Q4 24 | $-0.94 | — | ||
| Q3 24 | $-1.02 | — | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $-0.07 | — |
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 | $244.4M | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $-206.3M | $457.4M |
| 总资产 | $1.5B | $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ARRYMCS
| Q4 25 | $244.4M | $23.4M | ||
| Q3 25 | $221.5M | $7.4M | ||
| Q2 25 | $377.3M | $14.9M | ||
| Q1 25 | $348.3M | $11.9M | ||
| Q4 24 | $363.0M | $40.8M | ||
| Q3 24 | $332.4M | $28.4M | ||
| Q2 24 | $282.3M | $32.8M | ||
| Q1 24 | $287.6M | $17.3M |
总债务ARRYMCS
| 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 |
股东权益ARRYMCS
| Q4 25 | $-206.3M | $457.4M | ||
| Q3 25 | $-46.7M | $454.3M | ||
| Q2 25 | $-70.9M | $448.4M | ||
| Q1 25 | $-97.8M | $441.8M | ||
| Q4 24 | $-118.1M | $464.9M | ||
| Q3 24 | $64.5M | $462.3M | ||
| Q2 24 | $200.0M | $449.4M | ||
| Q1 24 | $231.2M | $459.3M |
总资产ARRYMCS
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $1.0B |
负债/权益比ARRYMCS
| 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 | $43.6M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $26.4M |
| 自由现金流率自由现金流/营收 | 16.0% | 13.6% |
| 资本支出强度资本支出/营收 | 3.3% | 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 | $79.8M | $989.0K |
8季度趋势，按日历期对齐
经营现金流ARRYMCS
| Q4 25 | $43.6M | $48.8M | ||
| Q3 25 | $27.4M | $39.1M | ||
| Q2 25 | $43.8M | $31.6M | ||
| Q1 25 | $-13.1M | $-35.3M | ||
| Q4 24 | $57.6M | $52.6M | ||
| Q3 24 | $44.9M | $30.5M | ||
| Q2 24 | $4.0M | $36.0M | ||
| Q1 24 | $47.5M | $-15.1M |
自由现金流ARRYMCS
| Q4 25 | $36.2M | $26.4M | ||
| Q3 25 | $21.9M | $18.2M | ||
| Q2 25 | $37.2M | $14.7M | ||
| Q1 25 | $-15.4M | $-58.3M | ||
| Q4 24 | $55.9M | $27.1M | ||
| Q3 24 | $43.9M | $12.0M | ||
| Q2 24 | $1.8M | $16.1M | ||
| Q1 24 | $45.1M | $-30.5M |
自由现金流率ARRYMCS
| Q4 25 | 16.0% | 13.6% | ||
| Q3 25 | 5.6% | 8.7% | ||
| Q2 25 | 10.3% | 7.1% | ||
| Q1 25 | -5.1% | -39.2% | ||
| Q4 24 | 20.3% | 14.4% | ||
| Q3 24 | 19.0% | 5.2% | ||
| Q2 24 | 0.7% | 9.2% | ||
| Q1 24 | 29.4% | -22.0% |
资本支出强度ARRYMCS
| Q4 25 | 3.3% | 11.6% | ||
| Q3 25 | 1.4% | 9.9% | ||
| Q2 25 | 1.8% | 8.2% | ||
| Q1 25 | 0.8% | 15.5% | ||
| Q4 24 | 0.6% | 13.5% | ||
| Q3 24 | 0.5% | 7.9% | ||
| Q2 24 | 0.8% | 11.3% | ||
| Q1 24 | 1.6% | 11.1% |
现金转化率ARRYMCS
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | 2.41× | ||
| Q2 25 | 1.01× | 4.32× | ||
| Q1 25 | -0.78× | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 21.94× | — |
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
ARRY
| Array Legacy Operations Segment | $212.0M | 94% |
| STI Operations Segment | $14.0M | 6% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
