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谷歌（GOOGL）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
谷歌的季度营收约是MARCUS CORP的588.3倍（$113.8B vs $193.5M）。谷歌同比增速更快（18.0% vs 2.8%）。谷歌自由现金流更多（$24.6B vs $26.4M）。过去两年谷歌的营收复合增速更高（18.9% vs 18.2%）
Alphabet Inc.是谷歌的母公司，业务覆盖美洲、欧洲、亚太、中东、非洲等全球主要区域，下设谷歌服务、谷歌云、创新投项三大业务板块。谷歌服务板块涵盖广告、安卓系统、Chrome、硬件、搜索、YouTube、邮箱、云盘、地图等多款产品，同时提供应用及数字内容售卖相关服务。
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。
GOOGL vs MCS — 直观对比
营收规模更大
GOOGL
是对方的588.3倍
$193.5M
营收增速更快
GOOGL
高出15.2%
2.8%
自由现金流更多
GOOGL
多$24.5B
$26.4M
两年增速更快
GOOGL
近两年复合增速
18.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $193.5M |
| 净利润 | $34.5B | — |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.6% | 0.9% |
| 净利率 | 30.3% | — |
| 营收同比 | 18.0% | 2.8% |
| 净利润同比 | 29.8% | — |
| 每股收益（稀释后） | $2.82 | — |
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GOOGLMCS
| Q4 25 | $113.8B | $193.5M | ||
| Q3 25 | $102.3B | $210.2M | ||
| Q2 25 | $96.4B | $206.0M | ||
| Q1 25 | $90.2B | $148.8M | ||
| Q4 24 | $96.5B | $188.3M | ||
| Q3 24 | $88.3B | $232.7M | ||
| Q2 24 | $84.7B | $176.0M | ||
| Q1 24 | $80.5B | $138.5M |
净利润GOOGLMCS
| Q4 25 | $34.5B | — | ||
| Q3 25 | $35.0B | $16.2M | ||
| Q2 25 | $28.2B | $7.3M | ||
| Q1 25 | $34.5B | $-16.8M | ||
| Q4 24 | $26.5B | $986.0K | ||
| Q3 24 | $26.3B | $23.3M | ||
| Q2 24 | $23.6B | $-20.2M | ||
| Q1 24 | $23.7B | $-11.9M |
毛利率GOOGLMCS
| Q4 25 | 59.8% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | 59.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 58.7% | — | ||
| Q2 24 | 58.1% | — | ||
| Q1 24 | 58.1% | — |
营业利润率GOOGLMCS
| Q4 25 | 31.6% | 0.9% | ||
| Q3 25 | 30.5% | 10.8% | ||
| Q2 25 | 32.4% | 6.3% | ||
| Q1 25 | 33.9% | -13.7% | ||
| Q4 24 | 32.1% | -1.2% | ||
| Q3 24 | 32.3% | 14.1% | ||
| Q2 24 | 32.4% | 1.3% | ||
| Q1 24 | 31.6% | -12.0% |
净利率GOOGLMCS
| Q4 25 | 30.3% | — | ||
| Q3 25 | 34.2% | 7.7% | ||
| Q2 25 | 29.2% | 3.6% | ||
| Q1 25 | 38.3% | -11.3% | ||
| Q4 24 | 27.5% | 0.5% | ||
| Q3 24 | 29.8% | 10.0% | ||
| Q2 24 | 27.9% | -11.5% | ||
| Q1 24 | 29.4% | -8.6% |
每股收益（稀释后）GOOGLMCS
| Q4 25 | $2.82 | — | ||
| Q3 25 | $2.87 | — | ||
| Q2 25 | $2.31 | — | ||
| Q1 25 | $2.81 | — | ||
| Q4 24 | $2.14 | — | ||
| Q3 24 | $2.12 | — | ||
| Q2 24 | $1.89 | — | ||
| Q1 24 | $1.89 | — |
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 | $126.8B | $23.4M |
| 总债务越低越好 | $49.1B | $159.0M |
| 股东权益账面价值 | $415.3B | $457.4M |
| 总资产 | $595.3B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资GOOGLMCS
| Q4 25 | $126.8B | $23.4M | ||
| Q3 25 | $98.5B | $7.4M | ||
| Q2 25 | $95.1B | $14.9M | ||
| Q1 25 | $95.3B | $11.9M | ||
| Q4 24 | $95.7B | $40.8M | ||
| Q3 24 | $93.2B | $28.4M | ||
| Q2 24 | $100.7B | $32.8M | ||
| Q1 24 | $108.1B | $17.3M |
总债务GOOGLMCS
| Q4 25 | $49.1B | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | $10.9B | $198.9M | ||
| Q4 24 | $10.9B | $159.1M | ||
| Q3 24 | $12.3B | $173.1M | ||
| Q2 24 | $13.2B | $175.7M | ||
| Q1 24 | $13.2B | $169.8M |
股东权益GOOGLMCS
| Q4 25 | $415.3B | $457.4M | ||
| Q3 25 | $386.9B | $454.3M | ||
| Q2 25 | $362.9B | $448.4M | ||
| Q1 25 | $345.3B | $441.8M | ||
| Q4 24 | $325.1B | $464.9M | ||
| Q3 24 | $314.1B | $462.3M | ||
| Q2 24 | $300.8B | $449.4M | ||
| Q1 24 | $292.8B | $459.3M |
总资产GOOGLMCS
| Q4 25 | $595.3B | $1.0B | ||
| Q3 25 | $536.5B | $1.0B | ||
| Q2 25 | $502.1B | $1.0B | ||
| Q1 25 | $475.4B | $1.0B | ||
| Q4 24 | $450.3B | $1.0B | ||
| Q3 24 | $430.3B | $1.0B | ||
| Q2 24 | $414.8B | $1.1B | ||
| Q1 24 | $407.4B | $1.0B |
负债/权益比GOOGLMCS
| Q4 25 | 0.12× | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | 0.03× | 0.45× | ||
| Q4 24 | 0.03× | 0.34× | ||
| Q3 24 | 0.04× | 0.37× | ||
| Q2 24 | 0.04× | 0.39× | ||
| Q1 24 | 0.05× | 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 | $52.4B | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $26.4M |
| 自由现金流率自由现金流/营收 | 21.6% | 13.6% |
| 资本支出强度资本支出/营收 | 24.5% | 11.6% |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $73.3B | $989.0K |
8季度趋势，按日历期对齐
经营现金流GOOGLMCS
| Q4 25 | $52.4B | $48.8M | ||
| Q3 25 | $48.4B | $39.1M | ||
| Q2 25 | $27.7B | $31.6M | ||
| Q1 25 | $36.1B | $-35.3M | ||
| Q4 24 | $39.1B | $52.6M | ||
| Q3 24 | $30.7B | $30.5M | ||
| Q2 24 | $26.6B | $36.0M | ||
| Q1 24 | $28.8B | $-15.1M |
自由现金流GOOGLMCS
| Q4 25 | $24.6B | $26.4M | ||
| Q3 25 | $24.5B | $18.2M | ||
| Q2 25 | $5.3B | $14.7M | ||
| Q1 25 | $19.0B | $-58.3M | ||
| Q4 24 | $24.8B | $27.1M | ||
| Q3 24 | $17.6B | $12.0M | ||
| Q2 24 | $13.5B | $16.1M | ||
| Q1 24 | $16.8B | $-30.5M |
自由现金流率GOOGLMCS
| Q4 25 | 21.6% | 13.6% | ||
| Q3 25 | 23.9% | 8.7% | ||
| Q2 25 | 5.5% | 7.1% | ||
| Q1 25 | 21.0% | -39.2% | ||
| Q4 24 | 25.7% | 14.4% | ||
| Q3 24 | 20.0% | 5.2% | ||
| Q2 24 | 15.9% | 9.2% | ||
| Q1 24 | 20.9% | -22.0% |
资本支出强度GOOGLMCS
| Q4 25 | 24.5% | 11.6% | ||
| Q3 25 | 23.4% | 9.9% | ||
| Q2 25 | 23.3% | 8.2% | ||
| Q1 25 | 19.1% | 15.5% | ||
| Q4 24 | 14.8% | 13.5% | ||
| Q3 24 | 14.8% | 7.9% | ||
| Q2 24 | 15.6% | 11.3% | ||
| Q1 24 | 14.9% | 11.1% |
现金转化率GOOGLMCS
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.38× | 2.41× | ||
| Q2 25 | 0.98× | 4.32× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 53.31× | ||
| Q3 24 | 1.17× | 1.31× | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.22× | — |
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
GOOGL
| Google Search | $63.1B | 55% |
| Google Cloud | $17.7B | 16% |
| Subscriptions & Devices | $13.6B | 12% |
| YouTube | $11.4B | 10% |
| Google Network | $7.8B | 7% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
