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MONARCH CASINO & RESORT INC（MCRI）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是MONARCH CASINO & RESORT INC的1.6倍（$225.2M vs $136.6M），MONARCH CASINO & RESORT INC净利率更高（20.2% vs -375.6%，领先395.8%），PLUG POWER INC同比增速更快（17.6% vs 8.9%），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 3.2%）
君主赌场度假村集团是美国知名博彩度假企业，旗下运营位于内华达州里诺的亚特兰蒂斯赌场度假水疗中心。该物业设有三座酒店塔楼，共824间客房及套房，博彩区面积达64814平方英尺，是里诺当地盈利水平领先、定位高端的度假目的地，累计已投入近1.5亿美元用于设施升级。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
MCRI vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.6倍
$136.6M
营收增速更快
PLUG
高出8.7%
8.9%
净利率更高
MCRI
高出395.8%
-375.6%
两年增速更快
PLUG
近两年复合增速
3.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $136.6M | $225.2M |
| 净利润 | $27.6M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 25.6% | -338.9% |
| 净利率 | 20.2% | -375.6% |
| 营收同比 | 8.9% | 17.6% |
| 净利润同比 | 38.9% | 36.7% |
| 每股收益（稀释后） | $1.52 | $-0.70 |
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MCRIPLUG
| Q1 26 | $136.6M | — | ||
| Q4 25 | $140.0M | $225.2M | ||
| Q3 25 | $142.8M | $177.1M | ||
| Q2 25 | $136.9M | $174.0M | ||
| Q1 25 | $125.4M | $133.7M | ||
| Q4 24 | $134.5M | $191.5M | ||
| Q3 24 | $137.9M | $173.7M | ||
| Q2 24 | $128.1M | $143.3M |
净利润MCRIPLUG
| Q1 26 | $27.6M | — | ||
| Q4 25 | $22.9M | $-846.0M | ||
| Q3 25 | $31.6M | $-361.9M | ||
| Q2 25 | $27.0M | $-227.1M | ||
| Q1 25 | $19.9M | $-196.7M | ||
| Q4 24 | $4.2M | $-1.3B | ||
| Q3 24 | $27.6M | $-211.2M | ||
| Q2 24 | $22.7M | $-262.3M |
毛利率MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | 20.8% | 2.4% | ||
| Q3 25 | 26.7% | -67.9% | ||
| Q2 25 | 25.5% | -30.7% | ||
| Q1 25 | 20.2% | -55.3% | ||
| Q4 24 | 2.9% | -122.5% | ||
| Q3 24 | 25.6% | -57.6% | ||
| Q2 24 | 23.0% | -91.6% |
营业利润率MCRIPLUG
| Q1 26 | 25.6% | — | ||
| Q4 25 | 21.3% | -338.9% | ||
| Q3 25 | 27.1% | -197.0% | ||
| Q2 25 | 25.8% | -101.7% | ||
| Q1 25 | 20.4% | -133.5% | ||
| Q4 24 | 3.1% | -678.7% | ||
| Q3 24 | 25.5% | -124.4% | ||
| Q2 24 | 22.9% | -170.7% |
净利率MCRIPLUG
| Q1 26 | 20.2% | — | ||
| Q4 25 | 16.4% | -375.6% | ||
| Q3 25 | 22.1% | -204.4% | ||
| Q2 25 | 19.7% | -130.5% | ||
| Q1 25 | 15.8% | -147.1% | ||
| Q4 24 | 3.1% | -697.5% | ||
| Q3 24 | 20.0% | -121.5% | ||
| Q2 24 | 17.7% | -183.0% |
每股收益（稀释后）MCRIPLUG
| Q1 26 | $1.52 | — | ||
| Q4 25 | $1.25 | $-0.70 | ||
| Q3 25 | $1.69 | $-0.31 | ||
| Q2 25 | $1.44 | $-0.20 | ||
| Q1 25 | $1.05 | $-0.21 | ||
| Q4 24 | $0.25 | $-1.61 | ||
| Q3 24 | $1.47 | $-0.25 | ||
| Q2 24 | $1.19 | $-0.36 |
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 | $120.1M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $549.8M | $978.1M |
| 总资产 | $725.2M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MCRIPLUG
| Q1 26 | $120.1M | — | ||
| Q4 25 | — | $368.5M | ||
| Q3 25 | — | $165.9M | ||
| Q2 25 | — | $140.7M | ||
| Q1 25 | — | $295.8M | ||
| Q4 24 | — | $205.7M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $62.4M |
总债务MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M |
股东权益MCRIPLUG
| Q1 26 | $549.8M | — | ||
| Q4 25 | $537.7M | $978.1M | ||
| Q3 25 | $558.4M | $1.4B | ||
| Q2 25 | $539.2M | $1.7B | ||
| Q1 25 | $535.6M | $1.9B | ||
| Q4 24 | $517.7M | $1.7B | ||
| Q3 24 | $513.3M | $3.0B | ||
| Q2 24 | $498.4M | $3.0B |
总资产MCRIPLUG
| Q1 26 | $725.2M | — | ||
| Q4 25 | $712.8M | $2.6B | ||
| Q3 25 | $725.4M | $3.1B | ||
| Q2 25 | $705.8M | $3.4B | ||
| Q1 25 | $712.1M | $3.6B | ||
| Q4 24 | $691.6M | $3.6B | ||
| Q3 24 | $671.1M | $4.7B | ||
| Q2 24 | $672.4M | $4.8B |
负债/权益比MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 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 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | $38.1M | $-148.6M | ||
| Q3 25 | $56.0M | $-89.8M | ||
| Q2 25 | $34.1M | $-191.8M | ||
| Q1 25 | $36.5M | $-105.6M | ||
| Q4 24 | $37.8M | $-131.2M | ||
| Q3 24 | $40.3M | $-174.9M | ||
| Q2 24 | $24.3M | $-254.7M |
自由现金流MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | $32.2M | $-153.0M | ||
| Q3 25 | $53.5M | $-117.5M | ||
| Q2 25 | $26.0M | $-230.4M | ||
| Q1 25 | $16.6M | $-146.0M | ||
| Q4 24 | $26.2M | $-165.2M | ||
| Q3 24 | $35.4M | $-234.2M | ||
| Q2 24 | $11.0M | $-356.0M |
自由现金流率MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | -67.9% | ||
| Q3 25 | 37.5% | -66.4% | ||
| Q2 25 | 19.0% | -132.5% | ||
| Q1 25 | 13.3% | -109.2% | ||
| Q4 24 | 19.5% | -86.3% | ||
| Q3 24 | 25.7% | -134.8% | ||
| Q2 24 | 8.5% | -248.4% |
资本支出强度MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 1.9% | ||
| Q3 25 | 1.7% | 15.6% | ||
| Q2 25 | 5.9% | 22.2% | ||
| Q1 25 | 15.8% | 30.3% | ||
| Q4 24 | 8.6% | 17.7% | ||
| Q3 24 | 3.6% | 34.1% | ||
| Q2 24 | 10.4% | 70.7% |
现金转化率MCRIPLUG
| Q1 26 | — | — | ||
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 8.98× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.07× | — |
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
MCRI
| Casino | $79.7M | 58% |
| Food and beverage | $31.7M | 23% |
| Hotel | $19.0M | 14% |
| Other | $6.1M | 5% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
