vs
DT Midstream, Inc.（DTM）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
DT Midstream, Inc.的季度营收约是MARCUS CORP的1.6倍（$317.0M vs $193.5M），DT Midstream, Inc.同比增速更快（27.3% vs 2.8%），DT Midstream, Inc.自由现金流更多（$30.0M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 14.9%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs MCS — 直观对比
营收规模更大
DTM
是对方的1.6倍
$193.5M
营收增速更快
DTM
高出24.6%
2.8%
自由现金流更多
DTM
多$3.6M
$26.4M
两年增速更快
MCS
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $193.5M |
| 净利润 | $111.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 49.2% | 0.9% |
| 净利率 | 35.0% | — |
| 营收同比 | 27.3% | 2.8% |
| 净利润同比 | 52.1% | — |
| 每股收益（稀释后） | $1.07 | — |
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DTMMCS
| Q4 25 | $317.0M | $193.5M | ||
| Q3 25 | $314.0M | $210.2M | ||
| Q2 25 | $309.0M | $206.0M | ||
| Q1 25 | $303.0M | $148.8M | ||
| Q4 24 | $249.0M | $188.3M | ||
| Q3 24 | $248.0M | $232.7M | ||
| Q2 24 | $244.0M | $176.0M | ||
| Q1 24 | $240.0M | $138.5M |
净利润DTMMCS
| Q4 25 | $111.0M | — | ||
| Q3 25 | $115.0M | $16.2M | ||
| Q2 25 | $107.0M | $7.3M | ||
| Q1 25 | $108.0M | $-16.8M | ||
| Q4 24 | $73.0M | $986.0K | ||
| Q3 24 | $88.0M | $23.3M | ||
| Q2 24 | $96.0M | $-20.2M | ||
| Q1 24 | $97.0M | $-11.9M |
营业利润率DTMMCS
| Q4 25 | 49.2% | 0.9% | ||
| Q3 25 | 49.4% | 10.8% | ||
| Q2 25 | 50.2% | 6.3% | ||
| Q1 25 | 48.8% | -13.7% | ||
| Q4 24 | 45.4% | -1.2% | ||
| Q3 24 | 49.2% | 14.1% | ||
| Q2 24 | 53.3% | 1.3% | ||
| Q1 24 | 51.7% | -12.0% |
净利率DTMMCS
| Q4 25 | 35.0% | — | ||
| Q3 25 | 36.6% | 7.7% | ||
| Q2 25 | 34.6% | 3.6% | ||
| Q1 25 | 35.6% | -11.3% | ||
| Q4 24 | 29.3% | 0.5% | ||
| Q3 24 | 35.5% | 10.0% | ||
| Q2 24 | 39.3% | -11.5% | ||
| Q1 24 | 40.4% | -8.6% |
每股收益（稀释后）DTMMCS
| Q4 25 | $1.07 | — | ||
| Q3 25 | $1.13 | — | ||
| Q2 25 | $1.04 | — | ||
| Q1 25 | $1.06 | — | ||
| Q4 24 | $0.73 | — | ||
| Q3 24 | $0.90 | — | ||
| Q2 24 | $0.98 | — | ||
| Q1 24 | $0.99 | — |
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 | $54.0M | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $4.7B | $457.4M |
| 总资产 | $10.1B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资DTMMCS
| Q4 25 | $54.0M | $23.4M | ||
| Q3 25 | $98.0M | $7.4M | ||
| Q2 25 | $74.0M | $14.9M | ||
| Q1 25 | $83.0M | $11.9M | ||
| Q4 24 | $68.0M | $40.8M | ||
| Q3 24 | $77.0M | $28.4M | ||
| Q2 24 | $73.0M | $32.8M | ||
| Q1 24 | $41.0M | $17.3M |
总债务DTMMCS
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $3.4B | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益DTMMCS
| Q4 25 | $4.7B | $457.4M | ||
| Q3 25 | $4.7B | $454.3M | ||
| Q2 25 | $4.7B | $448.4M | ||
| Q1 25 | $4.6B | $441.8M | ||
| Q4 24 | $4.6B | $464.9M | ||
| Q3 24 | $4.2B | $462.3M | ||
| Q2 24 | $4.2B | $449.4M | ||
| Q1 24 | $4.2B | $459.3M |
总资产DTMMCS
| Q4 25 | $10.1B | $1.0B | ||
| Q3 25 | $10.1B | $1.0B | ||
| Q2 25 | $10.0B | $1.0B | ||
| Q1 25 | $9.9B | $1.0B | ||
| Q4 24 | $9.9B | $1.0B | ||
| Q3 24 | $8.6B | $1.0B | ||
| Q2 24 | $9.0B | $1.1B | ||
| Q1 24 | $9.0B | $1.0B |
负债/权益比DTMMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.72× | 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 | $161.0M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $26.4M |
| 自由现金流率自由现金流/营收 | 9.5% | 13.6% |
| 资本支出强度资本支出/营收 | 41.3% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.45× | — |
| 过去12个月自由现金流最近4个季度 | $441.0M | $989.0K |
8季度趋势，按日历期对齐
经营现金流DTMMCS
| Q4 25 | $161.0M | $48.8M | ||
| Q3 25 | $274.0M | $39.1M | ||
| Q2 25 | $185.0M | $31.6M | ||
| Q1 25 | $247.0M | $-35.3M | ||
| Q4 24 | $152.0M | $52.6M | ||
| Q3 24 | $205.0M | $30.5M | ||
| Q2 24 | $165.0M | $36.0M | ||
| Q1 24 | $241.0M | $-15.1M |
自由现金流DTMMCS
| Q4 25 | $30.0M | $26.4M | ||
| Q3 25 | $131.0M | $18.2M | ||
| Q2 25 | $104.0M | $14.7M | ||
| Q1 25 | $176.0M | $-58.3M | ||
| Q4 24 | $62.0M | $27.1M | ||
| Q3 24 | $124.0M | $12.0M | ||
| Q2 24 | $84.0M | $16.1M | ||
| Q1 24 | $143.0M | $-30.5M |
自由现金流率DTMMCS
| Q4 25 | 9.5% | 13.6% | ||
| Q3 25 | 41.7% | 8.7% | ||
| Q2 25 | 33.7% | 7.1% | ||
| Q1 25 | 58.1% | -39.2% | ||
| Q4 24 | 24.9% | 14.4% | ||
| Q3 24 | 50.0% | 5.2% | ||
| Q2 24 | 34.4% | 9.2% | ||
| Q1 24 | 59.6% | -22.0% |
资本支出强度DTMMCS
| Q4 25 | 41.3% | 11.6% | ||
| Q3 25 | 45.5% | 9.9% | ||
| Q2 25 | 26.2% | 8.2% | ||
| Q1 25 | 23.4% | 15.5% | ||
| Q4 24 | 36.1% | 13.5% | ||
| Q3 24 | 32.7% | 7.9% | ||
| Q2 24 | 33.2% | 11.3% | ||
| Q1 24 | 40.8% | 11.1% |
现金转化率DTMMCS
| Q4 25 | 1.45× | — | ||
| Q3 25 | 2.38× | 2.41× | ||
| Q2 25 | 1.73× | 4.32× | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | 2.08× | 53.31× | ||
| Q3 24 | 2.33× | 1.31× | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 2.48× | — |
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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
