vs
AVIAT NETWORKS, INC.（AVNW）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是AVIAT NETWORKS, INC.的1.7倍（$193.5M vs $111.5M），MARCUS CORP同比增速更快（2.8% vs -5.7%），MARCUS CORP自由现金流更多（$26.4M vs $22.5M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 0.3%）
Aviat Networks是全球领先的微波传输与回传解决方案供应商，为公共及私营通信运营商提供通信基础设施支撑，同时也面向企业客户提供相关产品与服务，助力客户构建稳定高效的通信网络。
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。
AVNW vs MCS — 直观对比
营收规模更大
MCS
是对方的1.7倍
$111.5M
营收增速更快
MCS
高出8.4%
-5.7%
自由现金流更多
MCS
多$3.9M
$22.5M
两年增速更快
MCS
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $193.5M |
| 净利润 | $5.7M | — |
| 毛利率 | 32.4% | — |
| 营业利润率 | 6.5% | 0.9% |
| 净利率 | 5.1% | — |
| 营收同比 | -5.7% | 2.8% |
| 净利润同比 | 27.2% | — |
| 每股收益（稀释后） | $0.44 | — |
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AVNWMCS
| Q4 25 | $111.5M | $193.5M | ||
| Q3 25 | $107.3M | $210.2M | ||
| Q2 25 | $115.3M | $206.0M | ||
| Q1 25 | $112.6M | $148.8M | ||
| Q4 24 | $118.2M | $188.3M | ||
| Q3 24 | $88.4M | $232.7M | ||
| Q2 24 | $116.7M | $176.0M | ||
| Q1 24 | $110.8M | $138.5M |
净利润AVNWMCS
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | $16.2M | ||
| Q2 25 | $5.2M | $7.3M | ||
| Q1 25 | $3.5M | $-16.8M | ||
| Q4 24 | $4.5M | $986.0K | ||
| Q3 24 | $-11.9M | $23.3M | ||
| Q2 24 | $1.5M | $-20.2M | ||
| Q1 24 | $3.9M | $-11.9M |
毛利率AVNWMCS
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 32.5% | — |
营业利润率AVNWMCS
| Q4 25 | 6.5% | 0.9% | ||
| Q3 25 | 4.8% | 10.8% | ||
| Q2 25 | 7.7% | 6.3% | ||
| Q1 25 | 8.3% | -13.7% | ||
| Q4 24 | 6.7% | -1.2% | ||
| Q3 24 | -17.6% | 14.1% | ||
| Q2 24 | 4.7% | 1.3% | ||
| Q1 24 | 5.1% | -12.0% |
净利率AVNWMCS
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | 7.7% | ||
| Q2 25 | 4.5% | 3.6% | ||
| Q1 25 | 3.1% | -11.3% | ||
| Q4 24 | 3.8% | 0.5% | ||
| Q3 24 | -13.4% | 10.0% | ||
| Q2 24 | 1.3% | -11.5% | ||
| Q1 24 | 3.5% | -8.6% |
每股收益（稀释后）AVNWMCS
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $-0.94 | — | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $0.30 | — |
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 | $86.5M | $23.4M |
| 总债务越低越好 | $105.4M | $159.0M |
| 股东权益账面价值 | $271.6M | $457.4M |
| 总资产 | $659.4M | $1.0B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资AVNWMCS
| Q4 25 | $86.5M | $23.4M | ||
| Q3 25 | $64.8M | $7.4M | ||
| Q2 25 | $59.7M | $14.9M | ||
| Q1 25 | $49.4M | $11.9M | ||
| Q4 24 | $52.6M | $40.8M | ||
| Q3 24 | $51.0M | $28.4M | ||
| Q2 24 | $64.6M | $32.8M | ||
| Q1 24 | $59.2M | $17.3M |
总债务AVNWMCS
| Q4 25 | $105.4M | $159.0M | ||
| Q3 25 | $106.5M | $162.0M | ||
| Q2 25 | $87.6M | $179.9M | ||
| Q1 25 | $73.9M | $198.9M | ||
| Q4 24 | $74.9M | $159.1M | ||
| Q3 24 | $83.4M | $173.1M | ||
| Q2 24 | $48.4M | $175.7M | ||
| Q1 24 | $48.9M | $169.8M |
股东权益AVNWMCS
| Q4 25 | $271.6M | $457.4M | ||
| Q3 25 | $263.6M | $454.3M | ||
| Q2 25 | $263.2M | $448.4M | ||
| Q1 25 | $256.1M | $441.8M | ||
| Q4 24 | $249.6M | $464.9M | ||
| Q3 24 | $247.1M | $462.3M | ||
| Q2 24 | $255.9M | $449.4M | ||
| Q1 24 | $256.0M | $459.3M |
总资产AVNWMCS
| Q4 25 | $659.4M | $1.0B | ||
| Q3 25 | $643.3M | $1.0B | ||
| Q2 25 | $633.3M | $1.0B | ||
| Q1 25 | $628.3M | $1.0B | ||
| Q4 24 | $594.1M | $1.0B | ||
| Q3 24 | $590.9M | $1.0B | ||
| Q2 24 | $535.2M | $1.1B | ||
| Q1 24 | $490.3M | $1.0B |
负债/权益比AVNWMCS
| Q4 25 | 0.39× | 0.35× | ||
| Q3 25 | 0.40× | 0.36× | ||
| Q2 25 | 0.33× | 0.40× | ||
| Q1 25 | 0.29× | 0.45× | ||
| Q4 24 | 0.30× | 0.34× | ||
| Q3 24 | 0.34× | 0.37× | ||
| Q2 24 | 0.19× | 0.39× | ||
| Q1 24 | 0.19× | 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 | $23.9M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $22.5M | $26.4M |
| 自由现金流率自由现金流/营收 | 20.2% | 13.6% |
| 资本支出强度资本支出/营收 | 1.3% | 11.6% |
| 现金转化率经营现金流/净利润 | 4.18× | — |
| 过去12个月自由现金流最近4个季度 | $16.1M | $989.0K |
8季度趋势，按日历期对齐
经营现金流AVNWMCS
| Q4 25 | $23.9M | $48.8M | ||
| Q3 25 | $-11.7M | $39.1M | ||
| Q2 25 | $10.5M | $31.6M | ||
| Q1 25 | $1.6M | $-35.3M | ||
| Q4 24 | $20.8M | $52.6M | ||
| Q3 24 | $-27.2M | $30.5M | ||
| Q2 24 | $8.3M | $36.0M | ||
| Q1 24 | $15.3M | $-15.1M |
自由现金流AVNWMCS
| Q4 25 | $22.5M | $26.4M | ||
| Q3 25 | $-13.5M | $18.2M | ||
| Q2 25 | $8.2M | $14.7M | ||
| Q1 25 | $-1.2M | $-58.3M | ||
| Q4 24 | $18.3M | $27.1M | ||
| Q3 24 | $-32.6M | $12.0M | ||
| Q2 24 | $7.5M | $16.1M | ||
| Q1 24 | $14.8M | $-30.5M |
自由现金流率AVNWMCS
| Q4 25 | 20.2% | 13.6% | ||
| Q3 25 | -12.6% | 8.7% | ||
| Q2 25 | 7.1% | 7.1% | ||
| Q1 25 | -1.0% | -39.2% | ||
| Q4 24 | 15.5% | 14.4% | ||
| Q3 24 | -36.8% | 5.2% | ||
| Q2 24 | 6.4% | 9.2% | ||
| Q1 24 | 13.4% | -22.0% |
资本支出强度AVNWMCS
| Q4 25 | 1.3% | 11.6% | ||
| Q3 25 | 1.6% | 9.9% | ||
| Q2 25 | 2.0% | 8.2% | ||
| Q1 25 | 2.5% | 15.5% | ||
| Q4 24 | 2.1% | 13.5% | ||
| Q3 24 | 6.1% | 7.9% | ||
| Q2 24 | 0.7% | 11.3% | ||
| Q1 24 | 0.4% | 11.1% |
现金转化率AVNWMCS
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | 2.41× | ||
| Q2 25 | 2.02× | 4.32× | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 5.37× | — | ||
| Q1 24 | 3.96× | — |
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
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
