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LANDS' END, INC.（LE）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
LANDS' END, INC.的季度营收约是MARCUS CORP的1.6倍（$317.5M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs 0.1%），MARCUS CORP自由现金流更多（$26.4M vs $-22.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -0.9%）
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
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。
LE vs MCS — 直观对比
营收规模更大
LE
是对方的1.6倍
$193.5M
营收增速更快
MCS
高出2.7%
0.1%
自由现金流更多
MCS
多$48.8M
$-22.4M
两年增速更快
MCS
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $193.5M |
| 净利润 | $5.2M | — |
| 毛利率 | 51.8% | — |
| 营业利润率 | 5.3% | 0.9% |
| 净利率 | 1.6% | — |
| 营收同比 | 0.1% | 2.8% |
| 净利润同比 | 198.3% | — |
| 每股收益（稀释后） | $0.17 | — |
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LEMCS
| Q4 25 | $317.5M | $193.5M | ||
| Q3 25 | — | $210.2M | ||
| Q2 25 | $261.2M | $206.0M | ||
| Q1 25 | — | $148.8M | ||
| Q4 24 | $318.6M | $188.3M | ||
| Q3 24 | $317.2M | $232.7M | ||
| Q2 24 | $285.5M | $176.0M | ||
| Q1 24 | $514.9M | $138.5M |
净利润LEMCS
| Q4 25 | $5.2M | — | ||
| Q3 25 | — | $16.2M | ||
| Q2 25 | $-8.3M | $7.3M | ||
| Q1 25 | — | $-16.8M | ||
| Q4 24 | $-593.0K | $986.0K | ||
| Q3 24 | $-5.3M | $23.3M | ||
| Q2 24 | $-6.4M | $-20.2M | ||
| Q1 24 | $-8.6M | $-11.9M |
毛利率LEMCS
| Q4 25 | 51.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 50.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 50.6% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 48.7% | — | ||
| Q1 24 | 38.0% | — |
营业利润率LEMCS
| Q4 25 | 5.3% | 0.9% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | -0.9% | 6.3% | ||
| Q1 25 | — | -13.7% | ||
| Q4 24 | 2.9% | -1.2% | ||
| Q3 24 | 0.8% | 14.1% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 1.6% | -12.0% |
净利率LEMCS
| Q4 25 | 1.6% | — | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | -3.2% | 3.6% | ||
| Q1 25 | — | -11.3% | ||
| Q4 24 | -0.2% | 0.5% | ||
| Q3 24 | -1.7% | 10.0% | ||
| Q2 24 | -2.3% | -11.5% | ||
| Q1 24 | -1.7% | -8.6% |
每股收益（稀释后）LEMCS
| Q4 25 | $0.17 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.27 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.17 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 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 | $36.3M | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $231.0M | $457.4M |
| 总资产 | $852.7M | $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LEMCS
| Q4 25 | $36.3M | $23.4M | ||
| Q3 25 | — | $7.4M | ||
| Q2 25 | $18.1M | $14.9M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | $30.4M | $40.8M | ||
| Q3 24 | $25.6M | $28.4M | ||
| Q2 24 | $27.4M | $32.8M | ||
| Q1 24 | $25.3M | $17.3M |
总债务LEMCS
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益LEMCS
| Q4 25 | $231.0M | $457.4M | ||
| Q3 25 | — | $454.3M | ||
| Q2 25 | $230.1M | $448.4M | ||
| Q1 25 | — | $441.8M | ||
| Q4 24 | $223.6M | $464.9M | ||
| Q3 24 | $226.5M | $462.3M | ||
| Q2 24 | $234.6M | $449.4M | ||
| Q1 24 | $241.6M | $459.3M |
总资产LEMCS
| Q4 25 | $852.7M | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $760.5M | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $843.6M | $1.0B | ||
| Q3 24 | $802.5M | $1.0B | ||
| Q2 24 | $800.1M | $1.1B | ||
| Q1 24 | $811.5M | $1.0B |
负债/权益比LEMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 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 | $-15.7M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | $26.4M |
| 自由现金流率自由现金流/营收 | -7.1% | 13.6% |
| 资本支出强度资本支出/营收 | 2.1% | 11.6% |
| 现金转化率经营现金流/净利润 | -3.03× | — |
| 过去12个月自由现金流最近4个季度 | $-55.0M | $989.0K |
8季度趋势，按日历期对齐
经营现金流LEMCS
| Q4 25 | $-15.7M | $48.8M | ||
| Q3 25 | — | $39.1M | ||
| Q2 25 | $-22.5M | $31.6M | ||
| Q1 25 | — | $-35.3M | ||
| Q4 24 | $-17.1M | $52.6M | ||
| Q3 24 | $30.7M | $30.5M | ||
| Q2 24 | $-25.8M | $36.0M | ||
| Q1 24 | $93.9M | $-15.1M |
自由现金流LEMCS
| Q4 25 | $-22.4M | $26.4M | ||
| Q3 25 | — | $18.2M | ||
| Q2 25 | $-30.7M | $14.7M | ||
| Q1 25 | — | $-58.3M | ||
| Q4 24 | $-27.8M | $27.1M | ||
| Q3 24 | $26.0M | $12.0M | ||
| Q2 24 | $-32.6M | $16.1M | ||
| Q1 24 | $87.5M | $-30.5M |
自由现金流率LEMCS
| Q4 25 | -7.1% | 13.6% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | -11.8% | 7.1% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | -8.7% | 14.4% | ||
| Q3 24 | 8.2% | 5.2% | ||
| Q2 24 | -11.4% | 9.2% | ||
| Q1 24 | 17.0% | -22.0% |
资本支出强度LEMCS
| Q4 25 | 2.1% | 11.6% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 3.2% | 8.2% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | 3.3% | 13.5% | ||
| Q3 24 | 1.5% | 7.9% | ||
| Q2 24 | 2.4% | 11.3% | ||
| Q1 24 | 1.2% | 11.1% |
现金转化率LEMCS
| Q4 25 | -3.03× | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
