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Compass, Inc.（COMP）与Marcus & Millichap, Inc.（MMI）财务数据对比。点击上方公司名可切换其他公司
Compass, Inc.的季度营收约是Marcus & Millichap, Inc.的7.0倍（$1.7B vs $243.9M）。Marcus & Millichap, Inc.净利率更高（5.5% vs -2.5%，领先8.0%）。Compass, Inc.同比增速更快（23.1% vs 1.6%）。Marcus & Millichap, Inc.自由现金流更多（$43.9M vs $42.2M）。过去两年Marcus & Millichap, Inc.的营收复合增速更高（37.5% vs 27.0%）
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
马库斯-米利查普是一家美国商业地产服务企业，在美国和加拿大开展业务，核心服务涵盖商业地产经纪、抵押贷款经纪、市场研究及顾问咨询，业内首创了单经纪机构独家代理房源挂牌模式，目前在美加两国设有超过80家办事处，员工规模超1800人。
COMP vs MMI — 直观对比
营收规模更大
COMP
是对方的7.0倍
$243.9M
营收增速更快
COMP
高出21.5%
1.6%
净利率更高
MMI
高出8.0%
-2.5%
自由现金流更多
MMI
多$1.7M
$42.2M
两年增速更快
MMI
近两年复合增速
27.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $243.9M |
| 净利润 | $-42.6M | $13.3M |
| 毛利率 | — | — |
| 营业利润率 | -2.5% | 6.3% |
| 净利率 | -2.5% | 5.5% |
| 营收同比 | 23.1% | 1.6% |
| 净利润同比 | -5.2% | 55.7% |
| 每股收益（稀释后） | $-0.07 | $0.33 |
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COMPMMI
| Q4 25 | $1.7B | $243.9M | ||
| Q3 25 | $1.8B | $193.9M | ||
| Q2 25 | $2.1B | $172.3M | ||
| Q1 25 | $1.4B | $145.0M | ||
| Q4 24 | $1.4B | $240.1M | ||
| Q3 24 | $1.5B | $168.5M | ||
| Q2 24 | $1.7B | $158.4M | ||
| Q1 24 | $1.1B | $129.1M |
净利润COMPMMI
| Q4 25 | $-42.6M | $13.3M | ||
| Q3 25 | $-4.6M | $240.0K | ||
| Q2 25 | $39.4M | $-11.0M | ||
| Q1 25 | $-50.7M | $-4.4M | ||
| Q4 24 | $-40.5M | $8.5M | ||
| Q3 24 | $-1.7M | $-5.4M | ||
| Q2 24 | $20.7M | $-5.5M | ||
| Q1 24 | $-132.9M | $-10.0M |
营业利润率COMPMMI
| Q4 25 | -2.5% | 6.3% | ||
| Q3 25 | -0.4% | -1.2% | ||
| Q2 25 | 1.9% | -5.3% | ||
| Q1 25 | -4.0% | -12.2% | ||
| Q4 24 | -2.9% | 2.8% | ||
| Q3 24 | -0.2% | -6.8% | ||
| Q2 24 | 1.3% | -5.1% | ||
| Q1 24 | -12.5% | -15.6% |
净利率COMPMMI
| Q4 25 | -2.5% | 5.5% | ||
| Q3 25 | -0.2% | 0.1% | ||
| Q2 25 | 1.9% | -6.4% | ||
| Q1 25 | -3.7% | -3.0% | ||
| Q4 24 | -2.9% | 3.6% | ||
| Q3 24 | -0.1% | -3.2% | ||
| Q2 24 | 1.2% | -3.5% | ||
| Q1 24 | -12.6% | -7.7% |
每股收益（稀释后）COMPMMI
| Q4 25 | $-0.07 | $0.33 | ||
| Q3 25 | $-0.01 | $0.01 | ||
| Q2 25 | $0.07 | $-0.28 | ||
| Q1 25 | $-0.09 | $-0.11 | ||
| Q4 24 | $-0.08 | $0.22 | ||
| Q3 24 | $0.00 | $-0.14 | ||
| Q2 24 | $0.04 | $-0.14 | ||
| Q1 24 | $-0.27 | $-0.26 |
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 | $199.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $782.0M | $603.1M |
| 总资产 | $1.5B | $827.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COMPMMI
| Q4 25 | $199.0M | — | ||
| Q3 25 | $170.3M | — | ||
| Q2 25 | $177.3M | — | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $223.8M | — | ||
| Q3 24 | $211.2M | — | ||
| Q2 24 | $185.8M | — | ||
| Q1 24 | $165.9M | — |
股东权益COMPMMI
| Q4 25 | $782.0M | $603.1M | ||
| Q3 25 | $773.3M | $602.2M | ||
| Q2 25 | $719.9M | $607.8M | ||
| Q1 25 | $635.0M | $617.6M | ||
| Q4 24 | $409.4M | $630.8M | ||
| Q3 24 | $428.0M | $617.7M | ||
| Q2 24 | $398.4M | $626.7M | ||
| Q1 24 | $330.3M | $625.6M |
总资产COMPMMI
| Q4 25 | $1.5B | $827.2M | ||
| Q3 25 | $1.6B | $812.5M | ||
| Q2 25 | $1.6B | $792.2M | ||
| Q1 25 | $1.5B | $802.0M | ||
| Q4 24 | $1.2B | $869.8M | ||
| Q3 24 | $1.2B | $833.7M | ||
| Q2 24 | $1.2B | $825.4M | ||
| Q1 24 | $1.1B | $826.7M |
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 | $45.3M | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $43.9M |
| 自由现金流率自由现金流/营收 | 2.5% | 18.0% |
| 资本支出强度资本支出/营收 | 0.2% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 3.48× |
| 过去12个月自由现金流最近4个季度 | $203.3M | $58.8M |
8季度趋势，按日历期对齐
经营现金流COMPMMI
| Q4 25 | $45.3M | $46.3M | ||
| Q3 25 | $75.5M | $52.2M | ||
| Q2 25 | $72.8M | $21.0M | ||
| Q1 25 | $23.1M | $-52.8M | ||
| Q4 24 | $30.5M | $56.7M | ||
| Q3 24 | $37.4M | $15.2M | ||
| Q2 24 | $45.0M | $851.0K | ||
| Q1 24 | $8.6M | $-51.0M |
自由现金流COMPMMI
| Q4 25 | $42.2M | $43.9M | ||
| Q3 25 | $73.6M | $50.0M | ||
| Q2 25 | $68.0M | $19.3M | ||
| Q1 25 | $19.5M | $-54.3M | ||
| Q4 24 | $26.7M | $55.1M | ||
| Q3 24 | $32.8M | $13.2M | ||
| Q2 24 | $40.4M | $-806.0K | ||
| Q1 24 | $5.9M | $-53.7M |
自由现金流率COMPMMI
| Q4 25 | 2.5% | 18.0% | ||
| Q3 25 | 4.0% | 25.8% | ||
| Q2 25 | 3.3% | 11.2% | ||
| Q1 25 | 1.4% | -37.5% | ||
| Q4 24 | 1.9% | 23.0% | ||
| Q3 24 | 2.2% | 7.8% | ||
| Q2 24 | 2.4% | -0.5% | ||
| Q1 24 | 0.6% | -41.6% |
资本支出强度COMPMMI
| Q4 25 | 0.2% | 1.0% | ||
| Q3 25 | 0.1% | 1.2% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.3% | 0.6% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | 0.3% | 1.0% | ||
| Q1 24 | 0.3% | 2.0% |
现金转化率COMPMMI
| Q4 25 | — | 3.48× | ||
| Q3 25 | — | 217.54× | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 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
COMP
暂无分部数据
MMI
| Real Estate Brokerage Commissions | $205.3M | 84% |
| Financing Fees | $33.2M | 14% |
| Other Revenues | $5.4M | 2% |
