vs
凯撒娱乐（CZR）与玛斯特锁（MBC）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是玛斯特锁的4.5倍（$2.9B vs $644.6M）。玛斯特锁净利率更高（-6.5% vs -8.6%，领先2.1%）。凯撒娱乐同比增速更快（4.2% vs -3.5%）。凯撒娱乐自由现金流更多（$147.0M vs $52.5M）。过去两年凯撒娱乐的营收复合增速更高（3.1% vs 0.5%）
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
CZR vs MBC — 直观对比
营收规模更大
CZR
是对方的4.5倍
$644.6M
营收增速更快
CZR
高出7.6%
-3.5%
净利率更高
MBC
高出2.1%
-8.6%
自由现金流更多
CZR
多$94.5M
$52.5M
两年增速更快
CZR
近两年复合增速
0.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $644.6M |
| 净利润 | $-250.0M | $-42.0M |
| 毛利率 | — | 26.0% |
| 营业利润率 | 11.4% | -4.2% |
| 净利率 | -8.6% | -6.5% |
| 营收同比 | 4.2% | -3.5% |
| 净利润同比 | -2372.7% | -400.0% |
| 每股收益（稀释后） | $-1.22 | $-0.32 |
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CZRMBC
| Q4 25 | $2.9B | $644.6M | ||
| Q3 25 | $2.9B | $698.9M | ||
| Q2 25 | $2.9B | $730.9M | ||
| Q1 25 | $2.8B | $660.3M | ||
| Q4 24 | $2.8B | $667.7M | ||
| Q3 24 | $2.9B | $718.1M | ||
| Q2 24 | $2.8B | $676.5M | ||
| Q1 24 | $2.7B | $638.1M |
净利润CZRMBC
| Q4 25 | $-250.0M | $-42.0M | ||
| Q3 25 | $-55.0M | $18.1M | ||
| Q2 25 | $-82.0M | $37.3M | ||
| Q1 25 | $-115.0M | $13.3M | ||
| Q4 24 | $11.0M | $14.0M | ||
| Q3 24 | $-9.0M | $29.1M | ||
| Q2 24 | $-122.0M | $45.3M | ||
| Q1 24 | $-158.0M | $37.5M |
毛利率CZRMBC
| Q4 25 | — | 26.0% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 32.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 33.1% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 32.1% |
营业利润率CZRMBC
| Q4 25 | 11.4% | -4.2% | ||
| Q3 25 | 17.9% | 6.0% | ||
| Q2 25 | 18.1% | 9.2% | ||
| Q1 25 | 17.5% | 5.6% | ||
| Q4 24 | 23.9% | 5.6% | ||
| Q3 24 | 22.4% | 8.0% | ||
| Q2 24 | 17.9% | 11.5% | ||
| Q1 24 | 17.7% | 9.8% |
净利率CZRMBC
| Q4 25 | -8.6% | -6.5% | ||
| Q3 25 | -1.9% | 2.6% | ||
| Q2 25 | -2.8% | 5.1% | ||
| Q1 25 | -4.1% | 2.0% | ||
| Q4 24 | 0.4% | 2.1% | ||
| Q3 24 | -0.3% | 4.1% | ||
| Q2 24 | -4.3% | 6.7% | ||
| Q1 24 | -5.8% | 5.9% |
每股收益（稀释后）CZRMBC
| Q4 25 | $-1.22 | $-0.32 | ||
| Q3 25 | $-0.27 | $0.14 | ||
| Q2 25 | $-0.39 | $0.29 | ||
| Q1 25 | $-0.54 | $0.10 | ||
| Q4 24 | $0.04 | $0.10 | ||
| Q3 24 | $-0.04 | $0.22 | ||
| Q2 24 | $-0.56 | $0.35 | ||
| Q1 24 | $-0.73 | $0.29 |
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 | $887.0M | $183.3M |
| 总债务越低越好 | $11.9B | — |
| 股东权益账面价值 | $3.5B | $1.3B |
| 总资产 | $31.6B | $3.1B |
| 负债/权益比越低杠杆越低 | 3.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CZRMBC
| Q4 25 | $887.0M | $183.3M | ||
| Q3 25 | $836.0M | $114.8M | ||
| Q2 25 | $982.0M | $120.1M | ||
| Q1 25 | $884.0M | $113.5M | ||
| Q4 24 | $866.0M | $120.6M | ||
| Q3 24 | $802.0M | $108.4M | ||
| Q2 24 | $830.0M | $189.4M | ||
| Q1 24 | $726.0M | $153.7M |
总债务CZRMBC
| Q4 25 | $11.9B | — | ||
| Q3 25 | $11.9B | — | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | $12.3B | $1.0B | ||
| Q3 24 | $12.7B | $1.1B | ||
| Q2 24 | $12.4B | — | ||
| Q1 24 | $12.4B | — |
股东权益CZRMBC
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.2B | $1.3B | ||
| Q2 24 | $4.3B | $1.3B | ||
| Q1 24 | $4.4B | $1.2B |
总资产CZRMBC
| Q4 25 | $31.6B | $3.1B | ||
| Q3 25 | $31.9B | $3.0B | ||
| Q2 25 | $32.5B | $3.0B | ||
| Q1 25 | $32.4B | $3.0B | ||
| Q4 24 | $32.6B | $2.9B | ||
| Q3 24 | $33.0B | $3.0B | ||
| Q2 24 | $33.1B | $2.4B | ||
| Q1 24 | $33.1B | $2.4B |
负债/权益比CZRMBC
| Q4 25 | 3.40× | — | ||
| Q3 25 | 3.15× | — | ||
| Q2 25 | 3.15× | — | ||
| Q1 25 | 3.04× | — | ||
| Q4 24 | 2.96× | 0.79× | ||
| Q3 24 | 3.04× | 0.83× | ||
| Q2 24 | 2.89× | — | ||
| Q1 24 | 2.82× | — |
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 | $304.0M | $86.9M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $52.5M |
| 自由现金流率自由现金流/营收 | 5.0% | 8.1% |
| 资本支出强度资本支出/营收 | 5.4% | 5.3% |
| 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 | $497.0M | $117.5M |
8季度趋势，按日历期对齐
经营现金流CZRMBC
| Q4 25 | $304.0M | $86.9M | ||
| Q3 25 | $318.0M | $55.4M | ||
| Q2 25 | $462.0M | $84.8M | ||
| Q1 25 | $218.0M | $-31.4M | ||
| Q4 24 | $309.0M | $115.1M | ||
| Q3 24 | $232.0M | $80.8M | ||
| Q2 24 | $454.0M | $77.4M | ||
| Q1 24 | $80.0M | $18.7M |
自由现金流CZRMBC
| Q4 25 | $147.0M | $52.5M | ||
| Q3 25 | $123.0M | $39.5M | ||
| Q2 25 | $232.0M | $66.7M | ||
| Q1 25 | $-5.0M | $-41.2M | ||
| Q4 24 | $30.0M | $68.8M | ||
| Q3 24 | $-192.0M | $64.5M | ||
| Q2 24 | $125.0M | $66.1M | ||
| Q1 24 | $-184.0M | $11.7M |
自由现金流率CZRMBC
| Q4 25 | 5.0% | 8.1% | ||
| Q3 25 | 4.3% | 5.7% | ||
| Q2 25 | 8.0% | 9.1% | ||
| Q1 25 | -0.2% | -6.2% | ||
| Q4 24 | 1.1% | 10.3% | ||
| Q3 24 | -6.7% | 9.0% | ||
| Q2 24 | 4.4% | 9.8% | ||
| Q1 24 | -6.7% | 1.8% |
资本支出强度CZRMBC
| Q4 25 | 5.4% | 5.3% | ||
| Q3 25 | 6.8% | 2.3% | ||
| Q2 25 | 7.9% | 2.5% | ||
| Q1 25 | 8.0% | 1.5% | ||
| Q4 24 | 10.0% | 6.9% | ||
| Q3 24 | 14.8% | 2.3% | ||
| Q2 24 | 11.6% | 1.7% | ||
| Q1 24 | 9.6% | 1.1% |
现金转化率CZRMBC
| Q4 25 | — | — | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | -2.36× | ||
| Q4 24 | 28.09× | 8.22× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | — | 1.71× | ||
| Q1 24 | — | 0.50× |
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
CZR
暂无分部数据
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
