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EPR PROPERTIES（EPR）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EPR PROPERTIES的1.1倍（$193.5M vs $181.3M），EPR PROPERTIES同比增速更快（3.6% vs 2.8%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 2.3%）
EPR地产（前身为娱乐地产信托）是总部位于美国密苏里州堪萨斯城的房地产投资信托企业，专注投资游乐园、电影院、滑雪度假村等娱乐类地产项目，截至2022年共持有353处物业。
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。
EPR vs MCS — 直观对比
营收规模更大
MCS
是对方的1.1倍
$181.3M
营收增速更快
EPR
高出0.8%
2.8%
两年增速更快
MCS
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $181.3M | $193.5M |
| 净利润 | $62.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 55.5% | 0.9% |
| 净利率 | 34.5% | — |
| 营收同比 | 3.6% | 2.8% |
| 净利润同比 | 845.8% | — |
| 每股收益（稀释后） | $0.74 | — |
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EPRMCS
| Q1 26 | $181.3M | — | ||
| Q4 25 | $182.9M | $193.5M | ||
| Q3 25 | $182.3M | $210.2M | ||
| Q2 25 | $178.1M | $206.0M | ||
| Q1 25 | $175.0M | $148.8M | ||
| Q4 24 | $177.2M | $188.3M | ||
| Q3 24 | $180.5M | $232.7M | ||
| Q2 24 | $173.1M | $176.0M |
净利润EPRMCS
| Q1 26 | $62.6M | — | ||
| Q4 25 | $66.9M | — | ||
| Q3 25 | $66.6M | $16.2M | ||
| Q2 25 | $75.6M | $7.3M | ||
| Q1 25 | $65.8M | $-16.8M | ||
| Q4 24 | $-8.4M | $986.0K | ||
| Q3 24 | $46.6M | $23.3M | ||
| Q2 24 | $45.1M | $-20.2M |
营业利润率EPRMCS
| Q1 26 | 55.5% | — | ||
| Q4 25 | 56.8% | 0.9% | ||
| Q3 25 | 53.5% | 10.8% | ||
| Q2 25 | 62.5% | 6.3% | ||
| Q1 25 | 58.1% | -13.7% | ||
| Q4 24 | 25.5% | -1.2% | ||
| Q3 24 | 51.4% | 14.1% | ||
| Q2 24 | 45.9% | 1.3% |
净利率EPRMCS
| Q1 26 | 34.5% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 36.5% | 7.7% | ||
| Q2 25 | 42.5% | 3.6% | ||
| Q1 25 | 37.6% | -11.3% | ||
| Q4 24 | -4.7% | 0.5% | ||
| Q3 24 | 25.8% | 10.0% | ||
| Q2 24 | 26.1% | -11.5% |
每股收益（稀释后）EPRMCS
| Q1 26 | $0.74 | — | ||
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.79 | — | ||
| Q2 25 | $0.91 | — | ||
| Q1 25 | $0.78 | — | ||
| Q4 24 | $-0.19 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | — |
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 | $68.5M | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $2.3B | $457.4M |
| 总资产 | $5.7B | $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EPRMCS
| Q1 26 | $68.5M | — | ||
| Q4 25 | $90.6M | $23.4M | ||
| Q3 25 | $13.7M | $7.4M | ||
| Q2 25 | $13.0M | $14.9M | ||
| Q1 25 | $20.6M | $11.9M | ||
| Q4 24 | $22.1M | $40.8M | ||
| Q3 24 | $35.3M | $28.4M | ||
| Q2 24 | $33.7M | $32.8M |
总债务EPRMCS
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $159.0M | ||
| Q3 25 | $2.8B | $162.0M | ||
| Q2 25 | $2.8B | $179.9M | ||
| Q1 25 | $2.8B | $198.9M | ||
| Q4 24 | $2.9B | $159.1M | ||
| Q3 24 | $2.9B | $173.1M | ||
| Q2 24 | $2.8B | $175.7M |
股东权益EPRMCS
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $457.4M | ||
| Q3 25 | $2.3B | $454.3M | ||
| Q2 25 | $2.3B | $448.4M | ||
| Q1 25 | $2.3B | $441.8M | ||
| Q4 24 | $2.3B | $464.9M | ||
| Q3 24 | $2.4B | $462.3M | ||
| Q2 24 | $2.4B | $449.4M |
总资产EPRMCS
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $1.0B | ||
| Q3 25 | $5.5B | $1.0B | ||
| Q2 25 | $5.6B | $1.0B | ||
| Q1 25 | $5.5B | $1.0B | ||
| Q4 24 | $5.6B | $1.0B | ||
| Q3 24 | $5.7B | $1.0B | ||
| Q2 24 | $5.6B | $1.1B |
负债/权益比EPRMCS
| Q1 26 | — | — | ||
| Q4 25 | 1.26× | 0.35× | ||
| Q3 25 | 1.19× | 0.36× | ||
| Q2 25 | 1.20× | 0.40× | ||
| Q1 25 | 1.20× | 0.45× | ||
| Q4 24 | 1.23× | 0.34× | ||
| Q3 24 | 1.19× | 0.37× | ||
| Q2 24 | 1.16× | 0.39× |
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 | $113.4M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | — | $26.4M |
| 自由现金流率自由现金流/营收 | — | 13.6% |
| 资本支出强度资本支出/营收 | 0.1% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | — | $989.0K |
8季度趋势，按日历期对齐
经营现金流EPRMCS
| Q1 26 | $113.4M | — | ||
| Q4 25 | $421.0M | $48.8M | ||
| Q3 25 | $136.5M | $39.1M | ||
| Q2 25 | $87.3M | $31.6M | ||
| Q1 25 | $99.4M | $-35.3M | ||
| Q4 24 | $393.1M | $52.6M | ||
| Q3 24 | $122.0M | $30.5M | ||
| Q2 24 | $78.7M | $36.0M |
自由现金流EPRMCS
| Q1 26 | — | — | ||
| Q4 25 | $269.2M | $26.4M | ||
| Q3 25 | $132.1M | $18.2M | ||
| Q2 25 | $82.4M | $14.7M | ||
| Q1 25 | $84.7M | $-58.3M | ||
| Q4 24 | $129.2M | $27.1M | ||
| Q3 24 | $121.5M | $12.0M | ||
| Q2 24 | $71.3M | $16.1M |
自由现金流率EPRMCS
| Q1 26 | — | — | ||
| Q4 25 | 147.1% | 13.6% | ||
| Q3 25 | 72.5% | 8.7% | ||
| Q2 25 | 46.3% | 7.1% | ||
| Q1 25 | 48.4% | -39.2% | ||
| Q4 24 | 72.9% | 14.4% | ||
| Q3 24 | 67.3% | 5.2% | ||
| Q2 24 | 41.2% | 9.2% |
资本支出强度EPRMCS
| Q1 26 | 0.1% | — | ||
| Q4 25 | 82.9% | 11.6% | ||
| Q3 25 | 2.4% | 9.9% | ||
| Q2 25 | 2.7% | 8.2% | ||
| Q1 25 | 8.4% | 15.5% | ||
| Q4 24 | 148.9% | 13.5% | ||
| Q3 24 | 0.3% | 7.9% | ||
| Q2 24 | 4.2% | 11.3% |
现金转化率EPRMCS
| Q1 26 | 1.81× | — | ||
| Q4 25 | 6.29× | — | ||
| Q3 25 | 2.05× | 2.41× | ||
| Q2 25 | 1.15× | 4.32× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | 2.62× | 1.31× | ||
| Q2 24 | 1.74× | — |
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
EPR
| Rental revenue | $155.2M | 86% |
| Mortgage and other financing income | $16.0M | 9% |
| Other | $10.1M | 6% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
