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Cadre Holdings, Inc.（CDRE）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Cadre Holdings, Inc.的1.2倍（$193.5M vs $167.2M），MARCUS CORP同比增速更快（2.8% vs -5.0%），MARCUS CORP自由现金流更多（$26.4M vs $18.0M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 10.1%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
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。
CDRE vs MCS — 直观对比
营收规模更大
MCS
是对方的1.2倍
$167.2M
营收增速更快
MCS
高出7.7%
-5.0%
自由现金流更多
MCS
多$8.4M
$18.0M
两年增速更快
MCS
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $167.2M | $193.5M |
| 净利润 | $11.7M | — |
| 毛利率 | 43.4% | — |
| 营业利润率 | 12.2% | 0.9% |
| 净利率 | 7.0% | — |
| 营收同比 | -5.0% | 2.8% |
| 净利润同比 | -9.6% | — |
| 每股收益（稀释后） | $0.22 | — |
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CDREMCS
| Q4 25 | $167.2M | $193.5M | ||
| Q3 25 | $155.9M | $210.2M | ||
| Q2 25 | $157.1M | $206.0M | ||
| Q1 25 | $130.1M | $148.8M | ||
| Q4 24 | $176.0M | $188.3M | ||
| Q3 24 | $109.4M | $232.7M | ||
| Q2 24 | $144.3M | $176.0M | ||
| Q1 24 | $137.9M | $138.5M |
净利润CDREMCS
| Q4 25 | $11.7M | — | ||
| Q3 25 | $10.9M | $16.2M | ||
| Q2 25 | $12.2M | $7.3M | ||
| Q1 25 | $9.2M | $-16.8M | ||
| Q4 24 | $13.0M | $986.0K | ||
| Q3 24 | $3.7M | $23.3M | ||
| Q2 24 | $12.6M | $-20.2M | ||
| Q1 24 | $6.9M | $-11.9M |
毛利率CDREMCS
| Q4 25 | 43.4% | — | ||
| Q3 25 | 42.7% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 43.1% | — | ||
| Q4 24 | 43.9% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 41.8% | — |
营业利润率CDREMCS
| Q4 25 | 12.2% | 0.9% | ||
| Q3 25 | 12.0% | 10.8% | ||
| Q2 25 | 9.3% | 6.3% | ||
| Q1 25 | 10.4% | -13.7% | ||
| Q4 24 | 16.7% | -1.2% | ||
| Q3 24 | 5.0% | 14.1% | ||
| Q2 24 | 13.8% | 1.3% | ||
| Q1 24 | 8.7% | -12.0% |
净利率CDREMCS
| Q4 25 | 7.0% | — | ||
| Q3 25 | 7.0% | 7.7% | ||
| Q2 25 | 7.8% | 3.6% | ||
| Q1 25 | 7.1% | -11.3% | ||
| Q4 24 | 7.4% | 0.5% | ||
| Q3 24 | 3.3% | 10.0% | ||
| Q2 24 | 8.7% | -11.5% | ||
| Q1 24 | 5.0% | -8.6% |
每股收益（稀释后）CDREMCS
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.27 | — | ||
| Q2 25 | $0.30 | — | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | $0.31 | — | ||
| Q1 24 | $0.18 | — |
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 | $122.9M | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $317.8M | $457.4M |
| 总资产 | $770.0M | $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CDREMCS
| Q4 25 | $122.9M | $23.4M | ||
| Q3 25 | $150.9M | $7.4M | ||
| Q2 25 | $137.5M | $14.9M | ||
| Q1 25 | $133.4M | $11.9M | ||
| Q4 24 | $124.9M | $40.8M | ||
| Q3 24 | $93.0M | $28.4M | ||
| Q2 24 | $105.9M | $32.8M | ||
| Q1 24 | $87.1M | $17.3M |
总债务CDREMCS
| 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CDREMCS
| Q4 25 | $317.8M | $457.4M | ||
| Q3 25 | $340.4M | $454.3M | ||
| Q2 25 | $332.5M | $448.4M | ||
| Q1 25 | $317.6M | $441.8M | ||
| Q4 24 | $311.5M | $464.9M | ||
| Q3 24 | $300.3M | $462.3M | ||
| Q2 24 | $299.4M | $449.4M | ||
| Q1 24 | $270.7M | $459.3M |
总资产CDREMCS
| Q4 25 | $770.0M | $1.0B | ||
| Q3 25 | $792.1M | $1.0B | ||
| Q2 25 | $794.4M | $1.0B | ||
| Q1 25 | $656.3M | $1.0B | ||
| Q4 24 | $652.7M | $1.0B | ||
| Q3 24 | $616.6M | $1.0B | ||
| Q2 24 | $620.6M | $1.1B | ||
| Q1 24 | $599.4M | $1.0B |
负债/权益比CDREMCS
| 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 | $21.3M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $18.0M | $26.4M |
| 自由现金流率自由现金流/营收 | 10.7% | 13.6% |
| 资本支出强度资本支出/营收 | 2.0% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | $56.8M | $989.0K |
8季度趋势，按日历期对齐
经营现金流CDREMCS
| Q4 25 | $21.3M | $48.8M | ||
| Q3 25 | $22.5M | $39.1M | ||
| Q2 25 | $2.6M | $31.6M | ||
| Q1 25 | $17.4M | $-35.3M | ||
| Q4 24 | $23.7M | $52.6M | ||
| Q3 24 | $-5.2M | $30.5M | ||
| Q2 24 | $11.1M | $36.0M | ||
| Q1 24 | $2.1M | $-15.1M |
自由现金流CDREMCS
| Q4 25 | $18.0M | $26.4M | ||
| Q3 25 | $21.6M | $18.2M | ||
| Q2 25 | $1.2M | $14.7M | ||
| Q1 25 | $16.1M | $-58.3M | ||
| Q4 24 | $22.4M | $27.1M | ||
| Q3 24 | $-6.2M | $12.0M | ||
| Q2 24 | $9.1M | $16.1M | ||
| Q1 24 | $794.0K | $-30.5M |
自由现金流率CDREMCS
| Q4 25 | 10.7% | 13.6% | ||
| Q3 25 | 13.9% | 8.7% | ||
| Q2 25 | 0.7% | 7.1% | ||
| Q1 25 | 12.4% | -39.2% | ||
| Q4 24 | 12.7% | 14.4% | ||
| Q3 24 | -5.7% | 5.2% | ||
| Q2 24 | 6.3% | 9.2% | ||
| Q1 24 | 0.6% | -22.0% |
资本支出强度CDREMCS
| Q4 25 | 2.0% | 11.6% | ||
| Q3 25 | 0.5% | 9.9% | ||
| Q2 25 | 0.9% | 8.2% | ||
| Q1 25 | 1.0% | 15.5% | ||
| Q4 24 | 0.7% | 13.5% | ||
| Q3 24 | 0.9% | 7.9% | ||
| Q2 24 | 1.4% | 11.3% | ||
| Q1 24 | 1.0% | 11.1% |
现金转化率CDREMCS
| Q4 25 | 1.81× | — | ||
| Q3 25 | 2.05× | 2.41× | ||
| Q2 25 | 0.21× | 4.32× | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 1.83× | 53.31× | ||
| Q3 24 | -1.43× | 1.31× | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.31× | — |
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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
