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MARA Holdings, Inc.（MARA）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
MARA Holdings, Inc.的季度营收约是STURM RUGER & CO INC的1.3倍（$202.3M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -5.6%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $-1.2B），过去两年MARA Holdings, Inc.的营收复合增速更高（10.7% vs 5.1%）
MARA Holdings, Inc.是一家美国数字资产技术及加密货币挖矿企业，总部位于佛罗里达州劳德代尔堡。公司成立于2010年，最初以专利控股公司的模式运营，2010年代后期转向专注于区块链基础设施与数字资产相关业务。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
MARA vs RGR — 直观对比
营收规模更大
MARA
是对方的1.3倍
$151.1M
营收增速更快
RGR
高出9.3%
-5.6%
自由现金流更多
RGR
多$1.2B
$-1.2B
两年增速更快
MARA
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.3M | $151.1M |
| 净利润 | $-1.7B | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | -11795.9% | 2.3% |
| 净利率 | -14298.3% | — |
| 营收同比 | -5.6% | 3.6% |
| 净利润同比 | -423.5% | — |
| 每股收益（稀释后） | $-4.25 | $0.22 |
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MARARGR
| Q4 25 | $202.3M | $151.1M | ||
| Q3 25 | $252.4M | $126.8M | ||
| Q2 25 | $238.5M | $132.5M | ||
| Q1 25 | $213.9M | $135.7M | ||
| Q4 24 | $214.4M | $145.8M | ||
| Q3 24 | $131.6M | $122.3M | ||
| Q2 24 | $145.1M | $130.8M | ||
| Q1 24 | $165.2M | $136.8M |
净利润MARARGR
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $123.1M | $1.6M | ||
| Q2 25 | $808.2M | $-17.2M | ||
| Q1 25 | $-533.4M | $7.8M | ||
| Q4 24 | $528.5M | — | ||
| Q3 24 | $-124.8M | $4.7M | ||
| Q2 24 | $-199.7M | $8.3M | ||
| Q1 24 | $337.2M | $7.1M |
毛利率MARARGR
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | -2613.4% | 22.8% | ||
| Q3 24 | -1065.0% | 18.5% | ||
| Q2 24 | -587.6% | 22.3% | ||
| Q1 24 | -289.4% | 21.5% |
营业利润率MARARGR
| Q4 25 | -11795.9% | 2.3% | ||
| Q3 25 | 18.9% | -2.7% | ||
| Q2 25 | — | -15.6% | ||
| Q1 25 | -253.0% | 6.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | -130.8% | 3.1% | ||
| Q2 24 | -160.1% | 6.9% | ||
| Q1 24 | — | 5.5% |
净利率MARARGR
| Q4 25 | -14298.3% | — | ||
| Q3 25 | 48.8% | 1.2% | ||
| Q2 25 | 338.9% | -13.0% | ||
| Q1 25 | -249.4% | 5.7% | ||
| Q4 24 | 5367.4% | — | ||
| Q3 24 | -94.8% | 3.9% | ||
| Q2 24 | -137.6% | 6.3% | ||
| Q1 24 | 204.1% | 5.2% |
每股收益（稀释后）MARARGR
| Q4 25 | $-4.25 | $0.22 | ||
| Q3 25 | $0.27 | $0.10 | ||
| Q2 25 | $1.84 | $-1.05 | ||
| Q1 25 | $-1.55 | $0.46 | ||
| Q4 24 | $1.60 | $0.62 | ||
| Q3 24 | $-0.42 | $0.28 | ||
| Q2 24 | $-0.72 | $0.47 | ||
| Q1 24 | $1.26 | $0.40 |
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 | $547.1M | $92.5M |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $3.5B | $283.8M |
| 总资产 | $7.3B | $342.0M |
| 负债/权益比越低杠杆越低 | 1.04× | — |
8季度趋势，按日历期对齐
现金及短期投资MARARGR
| Q4 25 | $547.1M | $92.5M | ||
| Q3 25 | $826.4M | $80.8M | ||
| Q2 25 | $109.5M | $101.4M | ||
| Q1 25 | $196.2M | $108.3M | ||
| Q4 24 | $391.8M | $105.5M | ||
| Q3 24 | $164.3M | $96.0M | ||
| Q2 24 | $256.0M | $105.6M | ||
| Q1 24 | $324.3M | $115.3M |
总债务MARARGR
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $618.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MARARGR
| Q4 25 | $3.5B | $283.8M | ||
| Q3 25 | $5.2B | $279.6M | ||
| Q2 25 | $4.8B | $289.3M | ||
| Q1 25 | $3.7B | $321.5M | ||
| Q4 24 | $4.1B | $319.6M | ||
| Q3 24 | $2.9B | $314.9M | ||
| Q2 24 | $2.6B | $321.5M | ||
| Q1 24 | $2.5B | $332.0M |
总资产MARARGR
| Q4 25 | $7.3B | $342.0M | ||
| Q3 25 | $9.2B | $342.3M | ||
| Q2 25 | $7.7B | $349.5M | ||
| Q1 25 | $6.4B | $379.0M | ||
| Q4 24 | $6.8B | $384.0M | ||
| Q3 24 | $3.6B | $373.5M | ||
| Q2 24 | $3.1B | $376.7M | ||
| Q1 24 | $3.0B | $385.0M |
负债/权益比MARARGR
| Q4 25 | 1.04× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-802.7M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $12.3M |
| 自由现金流率自由现金流/营收 | -598.0% | 8.2% |
| 资本支出强度资本支出/营收 | 201.2% | 2.1% |
| 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 | $-2.0B | $38.5M |
8季度趋势，按日历期对齐
经营现金流MARARGR
| Q4 25 | $-802.7M | $15.5M | ||
| Q3 25 | $-199.0M | $12.9M | ||
| Q2 25 | $-163.4M | $14.7M | ||
| Q1 25 | $-215.5M | $11.1M | ||
| Q4 24 | $-677.0M | $20.0M | ||
| Q3 24 | $-160.1M | $9.4M | ||
| Q2 24 | $-115.2M | $18.7M | ||
| Q1 24 | $-88.3M | $7.3M |
自由现金流MARARGR
| Q4 25 | $-1.2B | $12.3M | ||
| Q3 25 | $-283.9M | $7.0M | ||
| Q2 25 | $-282.4M | $9.1M | ||
| Q1 25 | $-254.3M | $10.0M | ||
| Q4 24 | $-927.8M | $16.4M | ||
| Q3 24 | $-198.1M | $2.6M | ||
| Q2 24 | $-132.4M | $10.1M | ||
| Q1 24 | $-97.4M | $5.6M |
自由现金流率MARARGR
| Q4 25 | -598.0% | 8.2% | ||
| Q3 25 | -112.5% | 5.5% | ||
| Q2 25 | -118.4% | 6.9% | ||
| Q1 25 | -118.9% | 7.4% | ||
| Q4 24 | -432.8% | 11.2% | ||
| Q3 24 | -150.5% | 2.1% | ||
| Q2 24 | -91.2% | 7.7% | ||
| Q1 24 | -59.0% | 4.1% |
资本支出强度MARARGR
| Q4 25 | 201.2% | 2.1% | ||
| Q3 25 | 33.6% | 4.6% | ||
| Q2 25 | 49.9% | 4.2% | ||
| Q1 25 | 18.2% | 0.8% | ||
| Q4 24 | 117.0% | 2.5% | ||
| Q3 24 | 28.9% | 5.5% | ||
| Q2 24 | 11.9% | 6.6% | ||
| Q1 24 | 5.5% | 1.3% |
现金转化率MARARGR
| Q4 25 | — | — | ||
| Q3 25 | -1.62× | 8.15× | ||
| Q2 25 | -0.20× | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | -1.28× | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | -0.26× | 1.04× |
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
MARA
暂无分部数据
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
