vs
Traeger, Inc.（COOK）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Traeger, Inc.的1.3倍（$193.5M vs $145.4M），MARCUS CORP同比增速更快（2.8% vs -13.8%），MARCUS CORP自由现金流更多（$26.4M vs $14.2M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 0.2%）
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
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。
COOK vs MCS — 直观对比
营收规模更大
MCS
是对方的1.3倍
$145.4M
营收增速更快
MCS
高出16.6%
-13.8%
自由现金流更多
MCS
多$12.2M
$14.2M
两年增速更快
MCS
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $193.5M |
| 净利润 | $-17.2M | — |
| 毛利率 | 37.4% | — |
| 营业利润率 | -8.0% | 0.9% |
| 净利率 | -11.8% | — |
| 营收同比 | -13.8% | 2.8% |
| 净利润同比 | -147.2% | — |
| 每股收益（稀释后） | $-0.13 | — |
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COOKMCS
| Q4 25 | $145.4M | $193.5M | ||
| Q3 25 | $125.4M | $210.2M | ||
| Q2 25 | $145.5M | $206.0M | ||
| Q1 25 | $143.3M | $148.8M | ||
| Q4 24 | $168.6M | $188.3M | ||
| Q3 24 | $122.0M | $232.7M | ||
| Q2 24 | $168.5M | $176.0M | ||
| Q1 24 | $144.9M | $138.5M |
净利润COOKMCS
| Q4 25 | $-17.2M | — | ||
| Q3 25 | $-89.8M | $16.2M | ||
| Q2 25 | $-7.4M | $7.3M | ||
| Q1 25 | $-778.0K | $-16.8M | ||
| Q4 24 | $-7.0M | $986.0K | ||
| Q3 24 | $-19.8M | $23.3M | ||
| Q2 24 | $-2.6M | $-20.2M | ||
| Q1 24 | $-4.7M | $-11.9M |
毛利率COOKMCS
| Q4 25 | 37.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.2% | — | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.3% | — | ||
| Q2 24 | 42.9% | — | ||
| Q1 24 | 43.2% | — |
营业利润率COOKMCS
| Q4 25 | -8.0% | 0.9% | ||
| Q3 25 | -66.5% | 10.8% | ||
| Q2 25 | -4.2% | 6.3% | ||
| Q1 25 | 2.4% | -13.7% | ||
| Q4 24 | -0.1% | -1.2% | ||
| Q3 24 | -6.1% | 14.1% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | -0.1% | -12.0% |
净利率COOKMCS
| Q4 25 | -11.8% | — | ||
| Q3 25 | -71.6% | 7.7% | ||
| Q2 25 | -5.1% | 3.6% | ||
| Q1 25 | -0.5% | -11.3% | ||
| Q4 24 | -4.1% | 0.5% | ||
| Q3 24 | -16.2% | 10.0% | ||
| Q2 24 | -1.5% | -11.5% | ||
| Q1 24 | -3.2% | -8.6% |
每股收益（稀释后）COOKMCS
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $-0.67 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $-0.02 | — | ||
| Q1 24 | $-0.04 | — |
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 | $19.6M | $23.4M |
| 总债务越低越好 | $403.3M | $159.0M |
| 股东权益账面价值 | $170.8M | $457.4M |
| 总资产 | $676.0M | $1.0B |
| 负债/权益比越低杠杆越低 | 2.36× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资COOKMCS
| Q4 25 | $19.6M | $23.4M | ||
| Q3 25 | $5.9M | $7.4M | ||
| Q2 25 | $10.3M | $14.9M | ||
| Q1 25 | $12.0M | $11.9M | ||
| Q4 24 | $15.0M | $40.8M | ||
| Q3 24 | $16.9M | $28.4M | ||
| Q2 24 | $18.0M | $32.8M | ||
| Q1 24 | $23.6M | $17.3M |
总债务COOKMCS
| Q4 25 | $403.3M | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $403.6M | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益COOKMCS
| Q4 25 | $170.8M | $457.4M | ||
| Q3 25 | $186.1M | $454.3M | ||
| Q2 25 | $274.2M | $448.4M | ||
| Q1 25 | $279.6M | $441.8M | ||
| Q4 24 | $276.4M | $464.9M | ||
| Q3 24 | $279.8M | $462.3M | ||
| Q2 24 | $297.3M | $449.4M | ||
| Q1 24 | $294.6M | $459.3M |
总资产COOKMCS
| Q4 25 | $676.0M | $1.0B | ||
| Q3 25 | $689.6M | $1.0B | ||
| Q2 25 | $780.6M | $1.0B | ||
| Q1 25 | $825.6M | $1.0B | ||
| Q4 24 | $830.7M | $1.0B | ||
| Q3 24 | $818.1M | $1.0B | ||
| Q2 24 | $842.4M | $1.1B | ||
| Q1 24 | $862.1M | $1.0B |
负债/权益比COOKMCS
| Q4 25 | 2.36× | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 1.46× | 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 | $15.5M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $26.4M |
| 自由现金流率自由现金流/营收 | 9.8% | 13.6% |
| 资本支出强度资本支出/营收 | 0.9% | 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 | $13.6M | $989.0K |
8季度趋势，按日历期对齐
经营现金流COOKMCS
| Q4 25 | $15.5M | $48.8M | ||
| Q3 25 | $7.6M | $39.1M | ||
| Q2 25 | $18.3M | $31.6M | ||
| Q1 25 | $-20.8M | $-35.3M | ||
| Q4 24 | $7.5M | $52.6M | ||
| Q3 24 | $15.1M | $30.5M | ||
| Q2 24 | $13.9M | $36.0M | ||
| Q1 24 | $-12.6M | $-15.1M |
自由现金流COOKMCS
| Q4 25 | $14.2M | $26.4M | ||
| Q3 25 | $6.4M | $18.2M | ||
| Q2 25 | $15.7M | $14.7M | ||
| Q1 25 | $-22.7M | $-58.3M | ||
| Q4 24 | $5.5M | $27.1M | ||
| Q3 24 | $12.8M | $12.0M | ||
| Q2 24 | $11.8M | $16.1M | ||
| Q1 24 | $-18.3M | $-30.5M |
自由现金流率COOKMCS
| Q4 25 | 9.8% | 13.6% | ||
| Q3 25 | 5.1% | 8.7% | ||
| Q2 25 | 10.8% | 7.1% | ||
| Q1 25 | -15.8% | -39.2% | ||
| Q4 24 | 3.3% | 14.4% | ||
| Q3 24 | 10.5% | 5.2% | ||
| Q2 24 | 7.0% | 9.2% | ||
| Q1 24 | -12.6% | -22.0% |
资本支出强度COOKMCS
| Q4 25 | 0.9% | 11.6% | ||
| Q3 25 | 0.9% | 9.9% | ||
| Q2 25 | 1.8% | 8.2% | ||
| Q1 25 | 1.3% | 15.5% | ||
| Q4 24 | 1.2% | 13.5% | ||
| Q3 24 | 1.9% | 7.9% | ||
| Q2 24 | 1.2% | 11.3% | ||
| Q1 24 | 3.9% | 11.1% |
现金转化率COOKMCS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | — | ||
| 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
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
