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铱星通信（IRDM）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是MARCUS CORP的1.1倍（$219.1M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs 1.9%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 4.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
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。
IRDM vs MCS — 直观对比
营收规模更大
IRDM
是对方的1.1倍
$193.5M
营收增速更快
MCS
高出0.8%
1.9%
两年增速更快
MCS
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $193.5M |
| 净利润 | $21.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 23.2% | 0.9% |
| 净利率 | 9.9% | — |
| 营收同比 | 1.9% | 2.8% |
| 净利润同比 | -29.0% | — |
| 每股收益（稀释后） | — | — |
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IRDMMCS
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | $193.5M | ||
| Q3 25 | $226.9M | $210.2M | ||
| Q2 25 | $216.9M | $206.0M | ||
| Q1 25 | $214.9M | $148.8M | ||
| Q4 24 | $213.0M | $188.3M | ||
| Q3 24 | $212.8M | $232.7M | ||
| Q2 24 | $201.1M | $176.0M |
净利润IRDMMCS
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | — | ||
| Q3 25 | $37.1M | $16.2M | ||
| Q2 25 | $22.0M | $7.3M | ||
| Q1 25 | $30.4M | $-16.8M | ||
| Q4 24 | $36.3M | $986.0K | ||
| Q3 24 | $24.4M | $23.3M | ||
| Q2 24 | $32.3M | $-20.2M |
营业利润率IRDMMCS
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 0.9% | ||
| Q3 25 | 30.9% | 10.8% | ||
| Q2 25 | 23.2% | 6.3% | ||
| Q1 25 | 28.1% | -13.7% | ||
| Q4 24 | 24.5% | -1.2% | ||
| Q3 24 | 25.8% | 14.1% | ||
| Q2 24 | 21.7% | 1.3% |
净利率IRDMMCS
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 16.4% | 7.7% | ||
| Q2 25 | 10.1% | 3.6% | ||
| Q1 25 | 14.2% | -11.3% | ||
| Q4 24 | 17.1% | 0.5% | ||
| Q3 24 | 11.5% | 10.0% | ||
| Q2 24 | 16.1% | -11.5% |
每股收益（稀释后）IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.21 | — | ||
| Q2 24 | $0.27 | — |
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 | — | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | — | $457.4M |
| 总资产 | — | $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IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $23.4M | ||
| Q3 25 | $88.5M | $7.4M | ||
| Q2 25 | $79.3M | $14.9M | ||
| Q1 25 | $50.9M | $11.9M | ||
| Q4 24 | $93.5M | $40.8M | ||
| Q3 24 | $159.6M | $28.4M | ||
| Q2 24 | $63.5M | $32.8M |
总债务IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | $1.8B | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M |
股东权益IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $457.4M | ||
| Q3 25 | $450.5M | $454.3M | ||
| Q2 25 | $473.6M | $448.4M | ||
| Q1 25 | $518.4M | $441.8M | ||
| Q4 24 | $576.6M | $464.9M | ||
| Q3 24 | $663.8M | $462.3M | ||
| Q2 24 | $786.7M | $449.4M |
总资产IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $2.6B | $1.0B | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.7B | $1.0B | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $2.7B | $1.1B |
负债/权益比IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 3.05× | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 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 | — | $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 | 13.7% | 11.6% |
| 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 | — | $989.0K |
8季度趋势，按日历期对齐
经营现金流IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $48.8M | ||
| Q3 25 | $100.8M | $39.1M | ||
| Q2 25 | $129.6M | $31.6M | ||
| Q1 25 | $61.1M | $-35.3M | ||
| Q4 24 | $104.8M | $52.6M | ||
| Q3 24 | $118.6M | $30.5M | ||
| Q2 24 | $81.1M | $36.0M |
自由现金流IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $26.4M | ||
| Q3 25 | $79.2M | $18.2M | ||
| Q2 25 | $108.9M | $14.7M | ||
| Q1 25 | $36.5M | $-58.3M | ||
| Q4 24 | $80.5M | $27.1M | ||
| Q3 24 | $100.0M | $12.0M | ||
| Q2 24 | $68.7M | $16.1M |
自由现金流率IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 13.6% | ||
| Q3 25 | 34.9% | 8.7% | ||
| Q2 25 | 50.2% | 7.1% | ||
| Q1 25 | 17.0% | -39.2% | ||
| Q4 24 | 37.8% | 14.4% | ||
| Q3 24 | 47.0% | 5.2% | ||
| Q2 24 | 34.2% | 9.2% |
资本支出强度IRDMMCS
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 11.6% | ||
| Q3 25 | 9.5% | 9.9% | ||
| Q2 25 | 9.5% | 8.2% | ||
| Q1 25 | 11.4% | 15.5% | ||
| Q4 24 | 11.4% | 13.5% | ||
| Q3 24 | 8.7% | 7.9% | ||
| Q2 24 | 6.2% | 11.3% |
现金转化率IRDMMCS
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | 2.41× | ||
| Q2 25 | 5.90× | 4.32× | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | 53.31× | ||
| Q3 24 | 4.85× | 1.31× | ||
| Q2 24 | 2.51× | — |
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
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
