vs
Clearwater Paper Corp（CLW）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
Clearwater Paper Corp的季度营收约是MARCUS CORP的1.9倍（$360.3M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -4.7%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 2.3%）
净水纸业公司是美国的一家纸浆与纸板制造商，总部位于华盛顿州斯波坎。公司于2008年12月9日从波特拉奇公司分拆设立，专注于纸浆及纸板产品的研发生产与销售，是北美地区该领域颇具影响力的生产企业。
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。
CLW vs MCS — 直观对比
营收规模更大
CLW
是对方的1.9倍
$193.5M
营收增速更快
MCS
高出7.5%
-4.7%
两年增速更快
MCS
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $360.3M | $193.5M |
| 净利润 | $-12.8M | — |
| 毛利率 | -0.2% | — |
| 营业利润率 | — | 0.9% |
| 净利率 | -3.6% | — |
| 营收同比 | -4.7% | 2.8% |
| 净利润同比 | -103.2% | — |
| 每股收益（稀释后） | — | — |
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CLWMCS
| Q1 26 | $360.3M | — | ||
| Q4 25 | $386.4M | $193.5M | ||
| Q3 25 | $399.0M | $210.2M | ||
| Q2 25 | $391.8M | $206.0M | ||
| Q1 25 | $378.2M | $148.8M | ||
| Q4 24 | $387.1M | $188.3M | ||
| Q3 24 | $393.3M | $232.7M | ||
| Q2 24 | $344.4M | $176.0M |
净利润CLWMCS
| Q1 26 | $-12.8M | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $-53.3M | $16.2M | ||
| Q2 25 | $2.7M | $7.3M | ||
| Q1 25 | $-6.3M | $-16.8M | ||
| Q4 24 | $199.1M | $986.0K | ||
| Q3 24 | $5.8M | $23.3M | ||
| Q2 24 | $-25.8M | $-20.2M |
毛利率CLWMCS
| Q1 26 | -0.2% | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | -0.6% | — |
营业利润率CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 0.9% | ||
| Q3 25 | -13.9% | 10.8% | ||
| Q2 25 | 2.5% | 6.3% | ||
| Q1 25 | -1.1% | -13.7% | ||
| Q4 24 | -4.0% | -1.2% | ||
| Q3 24 | -0.3% | 14.1% | ||
| Q2 24 | -13.6% | 1.3% |
净利率CLWMCS
| Q1 26 | -3.6% | — | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | -13.4% | 7.7% | ||
| Q2 25 | 0.7% | 3.6% | ||
| Q1 25 | -1.7% | -11.3% | ||
| Q4 24 | 51.4% | 0.5% | ||
| Q3 24 | 1.5% | 10.0% | ||
| Q2 24 | -7.5% | -11.5% |
每股收益（稀释后）CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | $2.36 | — | ||
| Q3 25 | $-3.30 | — | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $-0.38 | — | ||
| Q4 24 | $11.87 | — | ||
| Q3 24 | $0.35 | — | ||
| Q2 24 | $-1.55 | — |
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 | $36.5M | $23.4M |
| 总债务越低越好 | $361.1M | $159.0M |
| 股东权益账面价值 | $813.8M | $457.4M |
| 总资产 | $1.6B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资CLWMCS
| Q1 26 | $36.5M | — | ||
| Q4 25 | $30.7M | $23.4M | ||
| Q3 25 | $34.4M | $7.4M | ||
| Q2 25 | $46.7M | $14.9M | ||
| Q1 25 | $44.0M | $11.9M | ||
| Q4 24 | $79.6M | $40.8M | ||
| Q3 24 | $35.5M | $28.4M | ||
| Q2 24 | $39.6M | $32.8M |
总债务CLWMCS
| Q1 26 | $361.1M | — | ||
| Q4 25 | $346.8M | $159.0M | ||
| Q3 25 | $337.0M | $162.0M | ||
| Q2 25 | $330.1M | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $283.4M | $159.1M | ||
| Q3 24 | $1.2B | $173.1M | ||
| Q2 24 | $1.1B | $175.7M |
股东权益CLWMCS
| Q1 26 | $813.8M | — | ||
| Q4 25 | $825.3M | $457.4M | ||
| Q3 25 | $783.0M | $454.3M | ||
| Q2 25 | $836.8M | $448.4M | ||
| Q1 25 | $836.6M | $441.8M | ||
| Q4 24 | $854.6M | $464.9M | ||
| Q3 24 | $664.6M | $462.3M | ||
| Q2 24 | $658.6M | $449.4M |
总资产CLWMCS
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.5B | $1.1B |
负债/权益比CLWMCS
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.42× | 0.35× | ||
| Q3 25 | 0.43× | 0.36× | ||
| Q2 25 | 0.39× | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.33× | 0.34× | ||
| Q3 24 | 1.73× | 0.37× | ||
| Q2 24 | 1.74× | 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 | — | $48.8M |
| 自由现金流经营现金流 - 资本支出 | — | $26.4M |
| 自由现金流率自由现金流/营收 | — | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $989.0K |
8季度趋势，按日历期对齐
经营现金流CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $48.8M | ||
| Q3 25 | $34.0M | $39.1M | ||
| Q2 25 | $-28.2M | $31.6M | ||
| Q1 25 | $1.5M | $-35.3M | ||
| Q4 24 | $-35.1M | $52.6M | ||
| Q3 24 | $16.2M | $30.5M | ||
| Q2 24 | $21.1M | $36.0M |
自由现金流CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | $-9.9M | $26.4M | ||
| Q3 25 | $15.7M | $18.2M | ||
| Q2 25 | $-51.1M | $14.7M | ||
| Q1 25 | $-31.2M | $-58.3M | ||
| Q4 24 | $-68.1M | $27.1M | ||
| Q3 24 | $-30.8M | $12.0M | ||
| Q2 24 | $3.0M | $16.1M |
自由现金流率CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 13.6% | ||
| Q3 25 | 3.9% | 8.7% | ||
| Q2 25 | -13.0% | 7.1% | ||
| Q1 25 | -8.2% | -39.2% | ||
| Q4 24 | -17.6% | 14.4% | ||
| Q3 24 | -7.8% | 5.2% | ||
| Q2 24 | 0.9% | 9.2% |
资本支出强度CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 11.6% | ||
| Q3 25 | 4.6% | 9.9% | ||
| Q2 25 | 5.8% | 8.2% | ||
| Q1 25 | 8.6% | 15.5% | ||
| Q4 24 | 8.5% | 13.5% | ||
| Q3 24 | 12.0% | 7.9% | ||
| Q2 24 | 5.3% | 11.3% |
现金转化率CLWMCS
| Q1 26 | — | — | ||
| Q4 25 | 0.13× | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | -10.44× | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | 53.31× | ||
| Q3 24 | 2.79× | 1.31× | ||
| Q2 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
CLW
暂无分部数据
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
