vs
莱夫 Nation 娱乐（LIVE）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的季度营收约是莱夫 Nation 娱乐的1.8倍（$193.5M vs $108.5M），MARCUS CORP同比增速更快（2.8% vs -2.7%），MARCUS CORP自由现金流更多（$26.4M vs $8.5M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -4.3%）
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
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。
LIVE vs MCS — 直观对比
营收规模更大
MCS
是对方的1.8倍
$108.5M
营收增速更快
MCS
高出5.4%
-2.7%
自由现金流更多
MCS
多$17.9M
$8.5M
两年增速更快
MCS
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $193.5M |
| 净利润 | $-64.0K | — |
| 毛利率 | 32.6% | — |
| 营业利润率 | 3.2% | 0.9% |
| 净利率 | -0.1% | — |
| 营收同比 | -2.7% | 2.8% |
| 净利润同比 | -113.0% | — |
| 每股收益（稀释后） | $-0.02 | — |
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LIVEMCS
| Q4 25 | $108.5M | $193.5M | ||
| Q3 25 | $113.9M | $210.2M | ||
| Q2 25 | $112.5M | $206.0M | ||
| Q1 25 | $107.0M | $148.8M | ||
| Q4 24 | $111.5M | $188.3M | ||
| Q3 24 | $112.7M | $232.7M | ||
| Q2 24 | $123.9M | $176.0M | ||
| Q1 24 | $118.6M | $138.5M |
净利润LIVEMCS
| Q4 25 | $-64.0K | — | ||
| Q3 25 | $997.0K | $16.2M | ||
| Q2 25 | $5.4M | $7.3M | ||
| Q1 25 | $15.9M | $-16.8M | ||
| Q4 24 | $492.0K | $986.0K | ||
| Q3 24 | $-19.9M | $23.3M | ||
| Q2 24 | $-2.9M | $-20.2M | ||
| Q1 24 | $-3.3M | $-11.9M |
毛利率LIVEMCS
| Q4 25 | 32.6% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 32.8% | — | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 31.9% | — | ||
| Q2 24 | 29.9% | — | ||
| Q1 24 | 29.9% | — |
营业利润率LIVEMCS
| Q4 25 | 3.2% | 0.9% | ||
| Q3 25 | 3.3% | 10.8% | ||
| Q2 25 | 7.1% | 6.3% | ||
| Q1 25 | 2.0% | -13.7% | ||
| Q4 24 | 0.7% | -1.2% | ||
| Q3 24 | -15.5% | 14.1% | ||
| Q2 24 | 0.9% | 1.3% | ||
| Q1 24 | -0.7% | -12.0% |
净利率LIVEMCS
| Q4 25 | -0.1% | — | ||
| Q3 25 | 0.9% | 7.7% | ||
| Q2 25 | 4.8% | 3.6% | ||
| Q1 25 | 14.8% | -11.3% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | -17.6% | 10.0% | ||
| Q2 24 | -2.3% | -11.5% | ||
| Q1 24 | -2.8% | -8.6% |
每股收益（稀释后）LIVEMCS
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-1.52 | — | ||
| Q2 25 | $1.24 | — | ||
| Q1 25 | $5.05 | — | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $-6.31 | — | ||
| Q2 24 | $-0.91 | — | ||
| Q1 24 | $-1.04 | — |
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 | $95.3M | $457.4M |
| 总资产 | $389.2M | $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LIVEMCS
| Q4 25 | — | $23.4M | ||
| Q3 25 | — | $7.4M | ||
| Q2 25 | — | $14.9M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $28.4M | ||
| Q2 24 | — | $32.8M | ||
| Q1 24 | — | $17.3M |
总债务LIVEMCS
| 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LIVEMCS
| Q4 25 | $95.3M | $457.4M | ||
| Q3 25 | $95.3M | $454.3M | ||
| Q2 25 | $94.3M | $448.4M | ||
| Q1 25 | $88.9M | $441.8M | ||
| Q4 24 | $73.3M | $464.9M | ||
| Q3 24 | $72.9M | $462.3M | ||
| Q2 24 | $92.7M | $449.4M | ||
| Q1 24 | $95.9M | $459.3M |
总资产LIVEMCS
| Q4 25 | $389.2M | $1.0B | ||
| Q3 25 | $386.4M | $1.0B | ||
| Q2 25 | $387.5M | $1.0B | ||
| Q1 25 | $393.6M | $1.0B | ||
| Q4 24 | $395.5M | $1.0B | ||
| Q3 24 | $407.5M | $1.0B | ||
| Q2 24 | $436.8M | $1.1B | ||
| Q1 24 | $433.9M | $1.0B |
负债/权益比LIVEMCS
| 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 | $9.8M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | $26.4M |
| 自由现金流率自由现金流/营收 | 7.8% | 13.6% |
| 资本支出强度资本支出/营收 | 1.2% | 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 | $21.9M | $989.0K |
8季度趋势，按日历期对齐
经营现金流LIVEMCS
| Q4 25 | $9.8M | $48.8M | ||
| Q3 25 | $6.8M | $39.1M | ||
| Q2 25 | $12.3M | $31.6M | ||
| Q1 25 | $231.0K | $-35.3M | ||
| Q4 24 | $9.4M | $52.6M | ||
| Q3 24 | $6.7M | $30.5M | ||
| Q2 24 | $11.7M | $36.0M | ||
| Q1 24 | $-5.7M | $-15.1M |
自由现金流LIVEMCS
| Q4 25 | $8.5M | $26.4M | ||
| Q3 25 | $4.8M | $18.2M | ||
| Q2 25 | $10.8M | $14.7M | ||
| Q1 25 | $-2.3M | $-58.3M | ||
| Q4 24 | $7.6M | $27.1M | ||
| Q3 24 | $3.3M | $12.0M | ||
| Q2 24 | $10.1M | $16.1M | ||
| Q1 24 | $-7.5M | $-30.5M |
自由现金流率LIVEMCS
| Q4 25 | 7.8% | 13.6% | ||
| Q3 25 | 4.2% | 8.7% | ||
| Q2 25 | 9.6% | 7.1% | ||
| Q1 25 | -2.1% | -39.2% | ||
| Q4 24 | 6.8% | 14.4% | ||
| Q3 24 | 2.9% | 5.2% | ||
| Q2 24 | 8.2% | 9.2% | ||
| Q1 24 | -6.3% | -22.0% |
资本支出强度LIVEMCS
| Q4 25 | 1.2% | 11.6% | ||
| Q3 25 | 1.7% | 9.9% | ||
| Q2 25 | 1.3% | 8.2% | ||
| Q1 25 | 2.3% | 15.5% | ||
| Q4 24 | 1.6% | 13.5% | ||
| Q3 24 | 3.1% | 7.9% | ||
| Q2 24 | 1.3% | 11.3% | ||
| Q1 24 | 1.4% | 11.1% |
现金转化率LIVEMCS
| Q4 25 | — | — | ||
| Q3 25 | 6.78× | 2.41× | ||
| Q2 25 | 2.28× | 4.32× | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 19.11× | 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
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
