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MALIBU BOATS, INC.（MBUU）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MALIBU BOATS, INC.的1.0倍（$193.5M vs $188.6M），MARCUS CORP同比增速更快（2.8% vs -5.8%），MARCUS CORP自由现金流更多（$26.4M vs $8.2M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -3.7%）
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
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。
MBUU vs MCS — 直观对比
营收规模更大
MCS
是对方的1.0倍
$188.6M
营收增速更快
MCS
高出8.6%
-5.8%
自由现金流更多
MCS
多$18.2M
$8.2M
两年增速更快
MCS
近两年复合增速
-3.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $193.5M |
| 净利润 | $-2.5M | — |
| 毛利率 | 13.3% | — |
| 营业利润率 | -1.9% | 0.9% |
| 净利率 | -1.3% | — |
| 营收同比 | -5.8% | 2.8% |
| 净利润同比 | -204.2% | — |
| 每股收益（稀释后） | $-0.13 | — |
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MBUUMCS
| Q4 25 | $188.6M | $193.5M | ||
| Q3 25 | $194.7M | $210.2M | ||
| Q2 25 | $207.0M | $206.0M | ||
| Q1 25 | $228.7M | $148.8M | ||
| Q4 24 | $200.3M | $188.3M | ||
| Q3 24 | $171.6M | $232.7M | ||
| Q2 24 | $158.7M | $176.0M | ||
| Q1 24 | $203.4M | $138.5M |
净利润MBUUMCS
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-702.0K | $16.2M | ||
| Q2 25 | $4.7M | $7.3M | ||
| Q1 25 | $12.9M | $-16.8M | ||
| Q4 24 | $2.4M | $986.0K | ||
| Q3 24 | $-5.0M | $23.3M | ||
| Q2 24 | $-19.2M | $-20.2M | ||
| Q1 24 | $-66.8M | $-11.9M |
毛利率MBUUMCS
| Q4 25 | 13.3% | — | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 16.4% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 19.8% | — |
营业利润率MBUUMCS
| Q4 25 | -1.9% | 0.9% | ||
| Q3 25 | -0.4% | 10.8% | ||
| Q2 25 | 3.3% | 6.3% | ||
| Q1 25 | 7.6% | -13.7% | ||
| Q4 24 | 1.6% | -1.2% | ||
| Q3 24 | -3.3% | 14.1% | ||
| Q2 24 | -15.4% | 1.3% | ||
| Q1 24 | -36.8% | -12.0% |
净利率MBUUMCS
| Q4 25 | -1.3% | — | ||
| Q3 25 | -0.4% | 7.7% | ||
| Q2 25 | 2.3% | 3.6% | ||
| Q1 25 | 5.6% | -11.3% | ||
| Q4 24 | 1.2% | 0.5% | ||
| Q3 24 | -2.9% | 10.0% | ||
| Q2 24 | -12.1% | -11.5% | ||
| Q1 24 | -32.9% | -8.6% |
每股收益（稀释后）MBUUMCS
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.66 | — | ||
| Q4 24 | $0.12 | — | ||
| Q3 24 | $-0.25 | — | ||
| Q2 24 | $-0.93 | — | ||
| Q1 24 | $-3.28 | — |
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 | $28.2M | $23.4M |
| 总债务越低越好 | $20.0M | $159.0M |
| 股东权益账面价值 | $495.0M | $457.4M |
| 总资产 | $715.7M | $1.0B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资MBUUMCS
| Q4 25 | $28.2M | $23.4M | ||
| Q3 25 | $44.1M | $7.4M | ||
| Q2 25 | $37.0M | $14.9M | ||
| Q1 25 | $38.7M | $11.9M | ||
| Q4 24 | $35.1M | $40.8M | ||
| Q3 24 | $27.7M | $28.4M | ||
| Q2 24 | $26.9M | $32.8M | ||
| Q1 24 | $47.1M | $17.3M |
总债务MBUUMCS
| Q4 25 | $20.0M | $159.0M | ||
| Q3 25 | $23.0M | $162.0M | ||
| Q2 25 | $18.0M | $179.9M | ||
| Q1 25 | $28.0M | $198.9M | ||
| Q4 24 | $23.0M | $159.1M | ||
| Q3 24 | $28.0M | $173.1M | ||
| Q2 24 | $0 | $175.7M | ||
| Q1 24 | $15.0M | $169.8M |
股东权益MBUUMCS
| Q4 25 | $495.0M | $457.4M | ||
| Q3 25 | $516.4M | $454.3M | ||
| Q2 25 | $515.5M | $448.4M | ||
| Q1 25 | $513.0M | $441.8M | ||
| Q4 24 | $509.8M | $464.9M | ||
| Q3 24 | $517.7M | $462.3M | ||
| Q2 24 | $530.0M | $449.4M | ||
| Q1 24 | $557.2M | $459.3M |
总资产MBUUMCS
| Q4 25 | $715.7M | $1.0B | ||
| Q3 25 | $755.6M | $1.0B | ||
| Q2 25 | $734.6M | $1.0B | ||
| Q1 25 | $758.8M | $1.0B | ||
| Q4 24 | $738.7M | $1.0B | ||
| Q3 24 | $759.1M | $1.0B | ||
| Q2 24 | $739.6M | $1.1B | ||
| Q1 24 | $797.6M | $1.0B |
负债/权益比MBUUMCS
| Q4 25 | 0.04× | 0.35× | ||
| Q3 25 | 0.04× | 0.36× | ||
| Q2 25 | 0.03× | 0.40× | ||
| Q1 25 | 0.05× | 0.45× | ||
| Q4 24 | 0.05× | 0.34× | ||
| Q3 24 | 0.05× | 0.37× | ||
| Q2 24 | 0.00× | 0.39× | ||
| Q1 24 | 0.03× | 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 | $12.6M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $8.2M | $26.4M |
| 自由现金流率自由现金流/营收 | 4.4% | 13.6% |
| 资本支出强度资本支出/营收 | 2.3% | 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 | $33.3M | $989.0K |
8季度趋势，按日历期对齐
经营现金流MBUUMCS
| Q4 25 | $12.6M | $48.8M | ||
| Q3 25 | $6.5M | $39.1M | ||
| Q2 25 | $21.0M | $31.6M | ||
| Q1 25 | $15.5M | $-35.3M | ||
| Q4 24 | $28.4M | $52.6M | ||
| Q3 24 | $-8.4M | $30.5M | ||
| Q2 24 | $16.3M | $36.0M | ||
| Q1 24 | $23.5M | $-15.1M |
自由现金流MBUUMCS
| Q4 25 | $8.2M | $26.4M | ||
| Q3 25 | $2.2M | $18.2M | ||
| Q2 25 | $14.1M | $14.7M | ||
| Q1 25 | $8.8M | $-58.3M | ||
| Q4 24 | $22.8M | $27.1M | ||
| Q3 24 | $-17.0M | $12.0M | ||
| Q2 24 | $4.5M | $16.1M | ||
| Q1 24 | $11.5M | $-30.5M |
自由现金流率MBUUMCS
| Q4 25 | 4.4% | 13.6% | ||
| Q3 25 | 1.1% | 8.7% | ||
| Q2 25 | 6.8% | 7.1% | ||
| Q1 25 | 3.8% | -39.2% | ||
| Q4 24 | 11.4% | 14.4% | ||
| Q3 24 | -9.9% | 5.2% | ||
| Q2 24 | 2.8% | 9.2% | ||
| Q1 24 | 5.7% | -22.0% |
资本支出强度MBUUMCS
| Q4 25 | 2.3% | 11.6% | ||
| Q3 25 | 2.2% | 9.9% | ||
| Q2 25 | 3.4% | 8.2% | ||
| Q1 25 | 2.9% | 15.5% | ||
| Q4 24 | 2.8% | 13.5% | ||
| Q3 24 | 5.0% | 7.9% | ||
| Q2 24 | 7.5% | 11.3% | ||
| Q1 24 | 5.9% | 11.1% |
现金转化率MBUUMCS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | 4.50× | 4.32× | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 12.02× | 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
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
