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BLACKBAUD INC（BLKB）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
BLACKBAUD INC的季度营收约是MARCUS CORP的1.5倍（$281.1M vs $193.5M），BLACKBAUD INC同比增速更快（4.2% vs 2.8%），BLACKBAUD INC自由现金流更多（$37.0M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -1.1%）
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
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。
BLKB vs MCS — 直观对比
营收规模更大
BLKB
是对方的1.5倍
$193.5M
营收增速更快
BLKB
高出1.4%
2.8%
自由现金流更多
BLKB
多$10.6M
$26.4M
两年增速更快
MCS
近两年复合增速
-1.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $281.1M | $193.5M |
| 净利润 | $31.1M | — |
| 毛利率 | 59.2% | — |
| 营业利润率 | 18.3% | 0.9% |
| 净利率 | 11.1% | — |
| 营收同比 | 4.2% | 2.8% |
| 净利润同比 | 620.3% | — |
| 每股收益（稀释后） | $0.67 | — |
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BLKBMCS
| Q1 26 | $281.1M | — | ||
| Q4 25 | $295.3M | $193.5M | ||
| Q3 25 | $281.1M | $210.2M | ||
| Q2 25 | $282.0M | $206.0M | ||
| Q1 25 | $269.9M | $148.8M | ||
| Q4 24 | $302.1M | $188.3M | ||
| Q3 24 | $286.6M | $232.7M | ||
| Q2 24 | $287.3M | $176.0M |
净利润BLKBMCS
| Q1 26 | $31.1M | — | ||
| Q4 25 | $36.7M | — | ||
| Q3 25 | $47.5M | $16.2M | ||
| Q2 25 | $26.5M | $7.3M | ||
| Q1 25 | $4.3M | $-16.8M | ||
| Q4 24 | $-346.4M | $986.0K | ||
| Q3 24 | $18.3M | $23.3M | ||
| Q2 24 | $21.2M | $-20.2M |
毛利率BLKBMCS
| Q1 26 | 59.2% | — | ||
| Q4 25 | 58.3% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.7% | — | ||
| Q1 25 | 57.5% | — | ||
| Q4 24 | 53.8% | — | ||
| Q3 24 | 54.9% | — | ||
| Q2 24 | 56.0% | — |
营业利润率BLKBMCS
| Q1 26 | 18.3% | — | ||
| Q4 25 | 20.0% | 0.9% | ||
| Q3 25 | 19.4% | 10.8% | ||
| Q2 25 | 20.3% | 6.3% | ||
| Q1 25 | 7.3% | -13.7% | ||
| Q4 24 | -121.5% | -1.2% | ||
| Q3 24 | 14.4% | 14.1% | ||
| Q2 24 | 14.4% | 1.3% |
净利率BLKBMCS
| Q1 26 | 11.1% | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.9% | 7.7% | ||
| Q2 25 | 9.4% | 3.6% | ||
| Q1 25 | 1.6% | -11.3% | ||
| Q4 24 | -114.6% | 0.5% | ||
| Q3 24 | 6.4% | 10.0% | ||
| Q2 24 | 7.4% | -11.5% |
每股收益（稀释后）BLKBMCS
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.75 | — | ||
| Q3 25 | $0.98 | — | ||
| Q2 25 | $0.55 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-6.82 | — | ||
| Q3 24 | $0.35 | — | ||
| Q2 24 | $0.41 | — |
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 | $34.1M | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $34.6M | $457.4M |
| 总资产 | $2.1B | $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BLKBMCS
| Q1 26 | $34.1M | — | ||
| Q4 25 | $38.9M | $23.4M | ||
| Q3 25 | $38.3M | $7.4M | ||
| Q2 25 | $41.6M | $14.9M | ||
| Q1 25 | $37.2M | $11.9M | ||
| Q4 24 | $67.6M | $40.8M | ||
| Q3 24 | $34.6M | $28.4M | ||
| Q2 24 | $30.4M | $32.8M |
总债务BLKBMCS
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $1.1B | $159.1M | ||
| Q3 24 | $1.0B | $173.1M | ||
| Q2 24 | $1.0B | $175.7M |
股东权益BLKBMCS
| Q1 26 | $34.6M | — | ||
| Q4 25 | $85.1M | $457.4M | ||
| Q3 25 | $108.2M | $454.3M | ||
| Q2 25 | $72.7M | $448.4M | ||
| Q1 25 | $17.5M | $441.8M | ||
| Q4 24 | $126.8M | $464.9M | ||
| Q3 24 | $544.8M | $462.3M | ||
| Q2 24 | $577.5M | $449.4M |
总资产BLKBMCS
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | $2.1B | $1.0B | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $3.0B | $1.1B |
负债/权益比BLKBMCS
| Q1 26 | — | — | ||
| Q4 25 | 13.06× | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 8.50× | 0.34× | ||
| Q3 24 | 1.84× | 0.37× | ||
| Q2 24 | 1.78× | 0.39× |
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 | $51.5M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $26.4M |
| 自由现金流率自由现金流/营收 | 13.2% | 13.6% |
| 资本支出强度资本支出/营收 | — | 11.6% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $294.1M | $989.0K |
8季度趋势，按日历期对齐
经营现金流BLKBMCS
| Q1 26 | $51.5M | — | ||
| Q4 25 | $58.0M | $48.8M | ||
| Q3 25 | $139.2M | $39.1M | ||
| Q2 25 | $66.9M | $31.6M | ||
| Q1 25 | $1.4M | $-35.3M | ||
| Q4 24 | $73.6M | $52.6M | ||
| Q3 24 | $104.0M | $30.5M | ||
| Q2 24 | $53.1M | $36.0M |
自由现金流BLKBMCS
| Q1 26 | $37.0M | — | ||
| Q4 25 | $55.0M | $26.4M | ||
| Q3 25 | $135.7M | $18.2M | ||
| Q2 25 | $66.3M | $14.7M | ||
| Q1 25 | $712.0K | $-58.3M | ||
| Q4 24 | $73.4M | $27.1M | ||
| Q3 24 | $102.9M | $12.0M | ||
| Q2 24 | $48.0M | $16.1M |
自由现金流率BLKBMCS
| Q1 26 | 13.2% | — | ||
| Q4 25 | 18.6% | 13.6% | ||
| Q3 25 | 48.3% | 8.7% | ||
| Q2 25 | 23.5% | 7.1% | ||
| Q1 25 | 0.3% | -39.2% | ||
| Q4 24 | 24.3% | 14.4% | ||
| Q3 24 | 35.9% | 5.2% | ||
| Q2 24 | 16.7% | 9.2% |
资本支出强度BLKBMCS
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 11.6% | ||
| Q3 25 | 1.2% | 9.9% | ||
| Q2 25 | 0.2% | 8.2% | ||
| Q1 25 | 0.3% | 15.5% | ||
| Q4 24 | 0.1% | 13.5% | ||
| Q3 24 | 0.4% | 7.9% | ||
| Q2 24 | 1.8% | 11.3% |
现金转化率BLKBMCS
| Q1 26 | 1.65× | — | ||
| Q4 25 | 1.58× | — | ||
| Q3 25 | 2.93× | 2.41× | ||
| Q2 25 | 2.53× | 4.32× | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | 5.69× | 1.31× | ||
| Q2 24 | 2.50× | — |
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
BLKB
暂无分部数据
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
