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JOHNSON OUTDOORS INC（JOUT）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JOHNSON OUTDOORS INC的1.4倍（$193.5M vs $140.9M），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $-42.7M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -10.5%）
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
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。
JOUT vs MCS — 直观对比
营收规模更大
MCS
是对方的1.4倍
$140.9M
营收增速更快
JOUT
高出28.2%
2.8%
自由现金流更多
MCS
多$69.1M
$-42.7M
两年增速更快
MCS
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.9M | $193.5M |
| 净利润 | $-3.3M | — |
| 毛利率 | 36.6% | — |
| 营业利润率 | -2.1% | 0.9% |
| 净利率 | -2.3% | — |
| 营收同比 | 30.9% | 2.8% |
| 净利润同比 | 78.4% | — |
| 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JOUTMCS
| Q1 26 | $140.9M | — | ||
| Q4 25 | $135.8M | $193.5M | ||
| Q3 25 | — | $210.2M | ||
| Q2 25 | $180.7M | $206.0M | ||
| Q1 25 | $168.3M | $148.8M | ||
| Q4 24 | $107.6M | $188.3M | ||
| Q3 24 | $105.9M | $232.7M | ||
| Q2 24 | $172.5M | $176.0M |
净利润JOUTMCS
| Q1 26 | $-3.3M | — | ||
| Q4 25 | $-29.1M | — | ||
| Q3 25 | — | $16.2M | ||
| Q2 25 | $7.7M | $7.3M | ||
| Q1 25 | $2.3M | $-16.8M | ||
| Q4 24 | $-15.3M | $986.0K | ||
| Q3 24 | $-34.3M | $23.3M | ||
| Q2 24 | $1.6M | $-20.2M |
毛利率JOUTMCS
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 35.0% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 35.8% | — |
营业利润率JOUTMCS
| Q1 26 | -2.1% | — | ||
| Q4 25 | -6.0% | 0.9% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | 4.1% | 6.3% | ||
| Q1 25 | 2.9% | -13.7% | ||
| Q4 24 | -18.8% | -1.2% | ||
| Q3 24 | -40.4% | 14.1% | ||
| Q2 24 | -0.3% | 1.3% |
净利率JOUTMCS
| Q1 26 | -2.3% | — | ||
| Q4 25 | -21.4% | — | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | 4.3% | 3.6% | ||
| Q1 25 | 1.4% | -11.3% | ||
| Q4 24 | -14.2% | 0.5% | ||
| Q3 24 | -32.4% | 10.0% | ||
| Q2 24 | 0.9% | -11.5% |
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 | $130.7M | $23.4M |
| 总债务越低越好 | $0 | $159.0M |
| 股东权益账面价值 | $413.5M | $457.4M |
| 总资产 | $600.1M | $1.0B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资JOUTMCS
| Q1 26 | $130.7M | — | ||
| Q4 25 | $176.4M | $23.4M | ||
| Q3 25 | — | $7.4M | ||
| Q2 25 | $161.0M | $14.9M | ||
| Q1 25 | $94.0M | $11.9M | ||
| Q4 24 | $101.6M | $40.8M | ||
| Q3 24 | $162.0M | $28.4M | ||
| Q2 24 | $148.4M | $32.8M |
总债务JOUTMCS
| Q1 26 | $0 | — | ||
| Q4 25 | $0 | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | $0 | $179.9M | ||
| Q1 25 | $0 | $198.9M | ||
| Q4 24 | $0 | $159.1M | ||
| Q3 24 | $0 | $173.1M | ||
| Q2 24 | $0 | $175.7M |
股东权益JOUTMCS
| Q1 26 | $413.5M | — | ||
| Q4 25 | $418.4M | $457.4M | ||
| Q3 25 | — | $454.3M | ||
| Q2 25 | $450.5M | $448.4M | ||
| Q1 25 | $441.1M | $441.8M | ||
| Q4 24 | $440.3M | $464.9M | ||
| Q3 24 | $463.4M | $462.3M | ||
| Q2 24 | $498.7M | $449.4M |
总资产JOUTMCS
| Q1 26 | $600.1M | — | ||
| Q4 25 | $604.1M | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $634.5M | $1.0B | ||
| Q1 25 | $624.5M | $1.0B | ||
| Q4 24 | $612.9M | $1.0B | ||
| Q3 24 | $635.2M | $1.0B | ||
| Q2 24 | $679.8M | $1.1B |
负债/权益比JOUTMCS
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | 0.00× | 0.40× | ||
| Q1 25 | 0.00× | 0.45× | ||
| Q4 24 | 0.00× | 0.34× | ||
| Q3 24 | 0.00× | 0.37× | ||
| Q2 24 | 0.00× | 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 | $-38.4M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $-42.7M | $26.4M |
| 自由现金流率自由现金流/营收 | -30.3% | 13.6% |
| 资本支出强度资本支出/营收 | 3.0% | 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 | $38.5M | $989.0K |
8季度趋势，按日历期对齐
经营现金流JOUTMCS
| Q1 26 | $-38.4M | — | ||
| Q4 25 | $23.4M | $48.8M | ||
| Q3 25 | — | $39.1M | ||
| Q2 25 | $71.4M | $31.6M | ||
| Q1 25 | $-1.7M | $-35.3M | ||
| Q4 24 | $-36.9M | $52.6M | ||
| Q3 24 | $19.1M | $30.5M | ||
| Q2 24 | $73.7M | $36.0M |
自由现金流JOUTMCS
| Q1 26 | $-42.7M | — | ||
| Q4 25 | $19.2M | $26.4M | ||
| Q3 25 | — | $18.2M | ||
| Q2 25 | $66.9M | $14.7M | ||
| Q1 25 | $-5.0M | $-58.3M | ||
| Q4 24 | $-41.0M | $27.1M | ||
| Q3 24 | $13.5M | $12.0M | ||
| Q2 24 | $67.4M | $16.1M |
自由现金流率JOUTMCS
| Q1 26 | -30.3% | — | ||
| Q4 25 | 14.2% | 13.6% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | 37.0% | 7.1% | ||
| Q1 25 | -2.9% | -39.2% | ||
| Q4 24 | -38.1% | 14.4% | ||
| Q3 24 | 12.8% | 5.2% | ||
| Q2 24 | 39.1% | 9.2% |
资本支出强度JOUTMCS
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.1% | 11.6% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 2.5% | 8.2% | ||
| Q1 25 | 2.0% | 15.5% | ||
| Q4 24 | 3.8% | 13.5% | ||
| Q3 24 | 5.3% | 7.9% | ||
| Q2 24 | 3.6% | 11.3% |
现金转化率JOUTMCS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | 9.22× | 4.32× | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 45.41× | — |
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
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
