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Marathon Bancorp, Inc.（MBBC）与VSEE HEALTH, INC.（VSEE）财务数据对比。点击上方公司名可切换其他公司
VSEE HEALTH, INC.的季度营收约是Marathon Bancorp, Inc.的1.7倍（$3.9M vs $2.2M），Marathon Bancorp, Inc.净利率更高（22.3% vs -200.0%，领先222.3%），Marathon Bancorp, Inc.同比增速更快（41.7% vs 5.1%），Marathon Bancorp, Inc.自由现金流更多（$1.4M vs $-1.9M），过去两年VSEE HEALTH, INC.的营收复合增速更高（55.6% vs 20.3%）
Marathon Bancorp, Inc.是总部位于美国马里兰州的金融控股公司，旗下运营社区银行子公司，面向马里兰州本地个人及中小企业客户提供存款账户、消费贷款、商业抵押贷款、小微企业融资等全品类零售及商业银行服务。
VSEE HEALTH, INC.是一家总部位于美国的远程医疗科技企业，提供符合HIPAA标准的虚拟诊疗平台、远程问诊工具及慢性病管理解决方案，主要服务北美地区的医疗机构、企业客户及非营利组织。
MBBC vs VSEE — 直观对比
营收规模更大
VSEE
是对方的1.7倍
$2.2M
营收增速更快
MBBC
高出36.6%
5.1%
净利率更高
MBBC
高出222.3%
-200.0%
自由现金流更多
MBBC
多$3.3M
$-1.9M
两年增速更快
VSEE
近两年复合增速
20.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2M | $3.9M |
| 净利润 | $501.4K | $-7.9M |
| 毛利率 | — | 46.7% |
| 营业利润率 | 26.2% | -87.6% |
| 净利率 | 22.3% | -200.0% |
| 营收同比 | 41.7% | 5.1% |
| 净利润同比 | 880.7% | -144.7% |
| 每股收益（稀释后） | $0.19 | $-0.31 |
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MBBCVSEE
| Q4 25 | $2.2M | $3.9M | ||
| Q3 25 | $2.1M | $4.0M | ||
| Q2 25 | $1.9M | $3.4M | ||
| Q1 25 | $1.7M | $3.3M | ||
| Q4 24 | $1.6M | $3.7M | ||
| Q3 24 | $1.6M | $3.4M | ||
| Q2 24 | $1.6M | $1.7M | ||
| Q1 24 | $1.6M | $1.6M |
净利润MBBCVSEE
| Q4 25 | $501.4K | $-7.9M | ||
| Q3 25 | $444.3K | $-289.7K | ||
| Q2 25 | $-332.0K | $-2.6M | ||
| Q1 25 | $148.4K | $-4.0M | ||
| Q4 24 | $51.1K | $-3.2M | ||
| Q3 24 | $174.9K | $-53.9M | ||
| Q2 24 | $85.8K | $-634.1K | ||
| Q1 24 | $-631.1K | $62.8K |
毛利率MBBCVSEE
| Q4 25 | — | 46.7% | ||
| Q3 25 | — | 52.1% | ||
| Q2 25 | — | 46.9% | ||
| Q1 25 | — | 56.0% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 83.0% | ||
| Q2 24 | — | 45.4% | ||
| Q1 24 | — | 76.2% |
营业利润率MBBCVSEE
| Q4 25 | 26.2% | -87.6% | ||
| Q3 25 | 25.5% | -51.7% | ||
| Q2 25 | -25.7% | -66.5% | ||
| Q1 25 | 11.6% | -55.1% | ||
| Q4 24 | 3.3% | -81.1% | ||
| Q3 24 | 13.4% | -1737.8% | ||
| Q2 24 | 4.1% | -54.5% | ||
| Q1 24 | -53.7% | 6.4% |
净利率MBBCVSEE
| Q4 25 | 22.3% | -200.0% | ||
| Q3 25 | 20.7% | -7.3% | ||
| Q2 25 | -18.9% | -77.1% | ||
| Q1 25 | 8.9% | -119.2% | ||
| Q4 24 | 3.2% | -85.9% | ||
| Q3 24 | 10.8% | -1607.5% | ||
| Q2 24 | 6.2% | -37.0% | ||
| Q1 24 | -40.7% | 3.9% |
每股收益（稀释后）MBBCVSEE
| Q4 25 | $0.19 | $-0.31 | ||
| Q3 25 | $0.17 | $-0.02 | ||
| Q2 25 | $-0.13 | $-0.16 | ||
| Q1 25 | $0.07 | $-0.24 | ||
| Q4 24 | $0.02 | $-1.96 | ||
| Q3 24 | $0.06 | $-3.58 | ||
| Q2 24 | $0.07 | $-0.12 | ||
| Q1 24 | $-0.31 | $0.01 |
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 | — | $5.3M |
| 总债务越低越好 | — | $2.7M |
| 股东权益账面价值 | $46.9M | $5.5M |
| 总资产 | $248.0M | $22.4M |
| 负债/权益比越低杠杆越低 | — | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资MBBCVSEE
| Q4 25 | — | $5.3M | ||
| Q3 25 | — | $472.8K | ||
| Q2 25 | — | $291.6K | ||
| Q1 25 | — | $410.1K | ||
| Q4 24 | — | $326.1K | ||
| Q3 24 | — | $2.3M | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $724 |
总债务MBBCVSEE
| Q4 25 | — | $2.7M | ||
| Q3 25 | — | $3.4M | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | — | $2.6M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | — |
股东权益MBBCVSEE
| Q4 25 | $46.9M | $5.5M | ||
| Q3 25 | $46.3M | $-5.6M | ||
| Q2 25 | $45.7M | $-5.7M | ||
| Q1 25 | $32.0M | $-3.5M | ||
| Q4 24 | $31.7M | $-18.5K | ||
| Q3 24 | $31.6M | $933.1K | ||
| Q2 24 | $31.3M | $53.1M | ||
| Q1 24 | $31.4M | $-13.2M |
总资产MBBCVSEE
| Q4 25 | $248.0M | $22.4M | ||
| Q3 25 | $246.0M | $18.7M | ||
| Q2 25 | $238.8M | $18.2M | ||
| Q1 25 | $236.8M | $19.4M | ||
| Q4 24 | $217.9M | $20.0M | ||
| Q3 24 | $216.5M | $22.3M | ||
| Q2 24 | $219.3M | $78.6M | ||
| Q1 24 | $225.8M | $1.4M |
负债/权益比MBBCVSEE
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.08× | ||
| Q2 24 | — | 0.05× | ||
| 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 | $1.4M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $1.4M | $-1.9M |
| 自由现金流率自由现金流/营收 | 62.3% | -49.2% |
| 资本支出强度资本支出/营收 | 0.6% | 0.2% |
| 现金转化率经营现金流/净利润 | 2.82× | — |
| 过去12个月自由现金流最近4个季度 | $3.9M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流MBBCVSEE
| Q4 25 | $1.4M | $-1.9M | ||
| Q3 25 | $464.0K | $-754.5K | ||
| Q2 25 | $1.4M | $-324.6K | ||
| Q1 25 | $849.0K | $-440.5K | ||
| Q4 24 | $113.6K | $-3.0M | ||
| Q3 24 | $945.2K | $-221.0K | ||
| Q2 24 | $416.6K | $-3.2M | ||
| Q1 24 | $-802.1K | $579.3K |
自由现金流MBBCVSEE
| Q4 25 | $1.4M | $-1.9M | ||
| Q3 25 | $456.6K | $-761.8K | ||
| Q2 25 | $1.3M | $-328.2K | ||
| Q1 25 | $773.2K | $-452.4K | ||
| Q4 24 | $105.0K | $-3.0M | ||
| Q3 24 | $921.6K | $-226.0K | ||
| Q2 24 | $-1.8M | $-3.2M | ||
| Q1 24 | $-1.1M | $570.5K |
自由现金流率MBBCVSEE
| Q4 25 | 62.3% | -49.2% | ||
| Q3 25 | 21.3% | -19.1% | ||
| Q2 25 | 66.0% | -9.7% | ||
| Q1 25 | 46.3% | -13.6% | ||
| Q4 24 | 6.6% | -79.8% | ||
| Q3 24 | 57.1% | -6.7% | ||
| Q2 24 | -118.5% | -187.6% | ||
| Q1 24 | -67.9% | 35.2% |
资本支出强度MBBCVSEE
| Q4 25 | 0.6% | 0.2% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 9.3% | 0.1% | ||
| Q1 25 | 4.5% | 0.4% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 145.2% | 2.1% | ||
| Q1 24 | 16.2% | 0.5% |
现金转化率MBBCVSEE
| Q4 25 | 2.82× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.72× | — | ||
| Q4 24 | 2.22× | — | ||
| Q3 24 | 5.40× | — | ||
| Q2 24 | 4.85× | — | ||
| Q1 24 | — | 9.23× |
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
MBBC
暂无分部数据
VSEE
| Professional Services And Other Fees | $3.1M | 79% |
| Other | $823.2K | 21% |
