vs
Donnelley Financial Solutions, Inc.（DFIN）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Donnelley Financial Solutions, Inc.的1.1倍（$193.5M vs $172.5M），Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs 2.8%），Donnelley Financial Solutions, Inc.自由现金流更多（$47.9M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -7.9%）
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
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。
DFIN vs MCS — 直观对比
营收规模更大
MCS
是对方的1.1倍
$172.5M
营收增速更快
DFIN
高出7.6%
2.8%
自由现金流更多
DFIN
多$21.5M
$26.4M
两年增速更快
MCS
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $193.5M |
| 净利润 | $6.2M | — |
| 毛利率 | — | — |
| 营业利润率 | 8.3% | 0.9% |
| 净利率 | 3.6% | — |
| 营收同比 | 10.4% | 2.8% |
| 净利润同比 | -1.6% | — |
| 每股收益（稀释后） | $0.31 | — |
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DFINMCS
| Q4 25 | $172.5M | $193.5M | ||
| Q3 25 | $175.3M | $210.2M | ||
| Q2 25 | $218.1M | $206.0M | ||
| Q1 25 | $201.1M | $148.8M | ||
| Q4 24 | $156.3M | $188.3M | ||
| Q3 24 | $179.5M | $232.7M | ||
| Q2 24 | $242.7M | $176.0M | ||
| Q1 24 | $203.4M | $138.5M |
净利润DFINMCS
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-40.9M | $16.2M | ||
| Q2 25 | $36.1M | $7.3M | ||
| Q1 25 | $31.0M | $-16.8M | ||
| Q4 24 | $6.3M | $986.0K | ||
| Q3 24 | $8.7M | $23.3M | ||
| Q2 24 | $44.1M | $-20.2M | ||
| Q1 24 | $33.3M | $-11.9M |
营业利润率DFINMCS
| Q4 25 | 8.3% | 0.9% | ||
| Q3 25 | 16.1% | 10.8% | ||
| Q2 25 | 24.2% | 6.3% | ||
| Q1 25 | 22.8% | -13.7% | ||
| Q4 24 | 6.0% | -1.2% | ||
| Q3 24 | 10.1% | 14.1% | ||
| Q2 24 | 26.6% | 1.3% | ||
| Q1 24 | 21.9% | -12.0% |
净利率DFINMCS
| Q4 25 | 3.6% | — | ||
| Q3 25 | -23.3% | 7.7% | ||
| Q2 25 | 16.6% | 3.6% | ||
| Q1 25 | 15.4% | -11.3% | ||
| Q4 24 | 4.0% | 0.5% | ||
| Q3 24 | 4.8% | 10.0% | ||
| Q2 24 | 18.2% | -11.5% | ||
| Q1 24 | 16.4% | -8.6% |
每股收益（稀释后）DFINMCS
| Q4 25 | $0.31 | — | ||
| Q3 25 | $-1.49 | — | ||
| Q2 25 | $1.28 | — | ||
| Q1 25 | $1.05 | — | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $1.47 | — | ||
| Q1 24 | $1.09 | — |
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 | $24.5M | $23.4M |
| 总债务越低越好 | $171.3M | $159.0M |
| 股东权益账面价值 | $379.2M | $457.4M |
| 总资产 | $800.4M | $1.0B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资DFINMCS
| Q4 25 | $24.5M | $23.4M | ||
| Q3 25 | $22.7M | $7.4M | ||
| Q2 25 | $33.8M | $14.9M | ||
| Q1 25 | $16.2M | $11.9M | ||
| Q4 24 | $57.3M | $40.8M | ||
| Q3 24 | $33.6M | $28.4M | ||
| Q2 24 | $35.0M | $32.8M | ||
| Q1 24 | $43.7M | $17.3M |
总债务DFINMCS
| Q4 25 | $171.3M | $159.0M | ||
| Q3 25 | $154.7M | $162.0M | ||
| Q2 25 | $190.1M | $179.9M | ||
| Q1 25 | $189.5M | $198.9M | ||
| Q4 24 | $124.7M | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益DFINMCS
| Q4 25 | $379.2M | $457.4M | ||
| Q3 25 | $423.1M | $454.3M | ||
| Q2 25 | $432.1M | $448.4M | ||
| Q1 25 | $419.9M | $441.8M | ||
| Q4 24 | $436.1M | $464.9M | ||
| Q3 24 | $444.5M | $462.3M | ||
| Q2 24 | $441.5M | $449.4M | ||
| Q1 24 | $408.9M | $459.3M |
总资产DFINMCS
| Q4 25 | $800.4M | $1.0B | ||
| Q3 25 | $816.3M | $1.0B | ||
| Q2 25 | $874.7M | $1.0B | ||
| Q1 25 | $852.8M | $1.0B | ||
| Q4 24 | $841.6M | $1.0B | ||
| Q3 24 | $843.6M | $1.0B | ||
| Q2 24 | $882.9M | $1.1B | ||
| Q1 24 | $867.8M | $1.0B |
负债/权益比DFINMCS
| Q4 25 | 0.45× | 0.35× | ||
| Q3 25 | 0.37× | 0.36× | ||
| Q2 25 | 0.44× | 0.40× | ||
| Q1 25 | 0.45× | 0.45× | ||
| Q4 24 | 0.29× | 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 | $59.8M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $26.4M |
| 自由现金流率自由现金流/营收 | 27.8% | 13.6% |
| 资本支出强度资本支出/营收 | 6.9% | 11.6% |
| 现金转化率经营现金流/净利润 | 9.65× | — |
| 过去12个月自由现金流最近4个季度 | $107.8M | $989.0K |
8季度趋势，按日历期对齐
经营现金流DFINMCS
| Q4 25 | $59.8M | $48.8M | ||
| Q3 25 | $74.4M | $39.1M | ||
| Q2 25 | $68.4M | $31.6M | ||
| Q1 25 | $-37.7M | $-35.3M | ||
| Q4 24 | $56.4M | $52.6M | ||
| Q3 24 | $86.4M | $30.5M | ||
| Q2 24 | $56.2M | $36.0M | ||
| Q1 24 | $-27.9M | $-15.1M |
自由现金流DFINMCS
| Q4 25 | $47.9M | $26.4M | ||
| Q3 25 | $59.2M | $18.2M | ||
| Q2 25 | $51.7M | $14.7M | ||
| Q1 25 | $-51.0M | $-58.3M | ||
| Q4 24 | $41.3M | $27.1M | ||
| Q3 24 | $67.3M | $12.0M | ||
| Q2 24 | $36.8M | $16.1M | ||
| Q1 24 | $-40.2M | $-30.5M |
自由现金流率DFINMCS
| Q4 25 | 27.8% | 13.6% | ||
| Q3 25 | 33.8% | 8.7% | ||
| Q2 25 | 23.7% | 7.1% | ||
| Q1 25 | -25.4% | -39.2% | ||
| Q4 24 | 26.4% | 14.4% | ||
| Q3 24 | 37.5% | 5.2% | ||
| Q2 24 | 15.2% | 9.2% | ||
| Q1 24 | -19.8% | -22.0% |
资本支出强度DFINMCS
| Q4 25 | 6.9% | 11.6% | ||
| Q3 25 | 8.7% | 9.9% | ||
| Q2 25 | 7.7% | 8.2% | ||
| Q1 25 | 6.6% | 15.5% | ||
| Q4 24 | 9.7% | 13.5% | ||
| Q3 24 | 10.6% | 7.9% | ||
| Q2 24 | 8.0% | 11.3% | ||
| Q1 24 | 6.0% | 11.1% |
现金转化率DFINMCS
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | 1.89× | 4.32× | ||
| Q1 25 | -1.22× | — | ||
| Q4 24 | 8.95× | 53.31× | ||
| Q3 24 | 9.93× | 1.31× | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | -0.84× | — |
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
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
