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MARCUS CORP（MCS）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是微策略的1.6倍（$193.5M vs $123.0M），MARCUS CORP同比增速更快（2.8% vs 1.9%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 3.3%）
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。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
MCS vs MSTR — 直观对比
营收规模更大
MCS
是对方的1.6倍
$123.0M
营收增速更快
MCS
高出0.9%
1.9%
两年增速更快
MCS
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $123.0M |
| 净利润 | — | — |
| 毛利率 | — | 66.1% |
| 营业利润率 | 0.9% | — |
| 净利率 | — | — |
| 营收同比 | 2.8% | 1.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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MCSMSTR
| Q4 25 | $193.5M | $123.0M | ||
| Q3 25 | $210.2M | $128.7M | ||
| Q2 25 | $206.0M | $114.5M | ||
| Q1 25 | $148.8M | $111.1M | ||
| Q4 24 | $188.3M | $120.7M | ||
| Q3 24 | $232.7M | $116.1M | ||
| Q2 24 | $176.0M | $111.4M | ||
| Q1 24 | $138.5M | $115.2M |
净利润MCSMSTR
| Q4 25 | — | — | ||
| Q3 25 | $16.2M | $2.8B | ||
| Q2 25 | $7.3M | $10.0B | ||
| Q1 25 | $-16.8M | $-4.2B | ||
| Q4 24 | $986.0K | $-670.8M | ||
| Q3 24 | $23.3M | $-340.2M | ||
| Q2 24 | $-20.2M | $-102.6M | ||
| Q1 24 | $-11.9M | $-53.1M |
毛利率MCSMSTR
| Q4 25 | — | 66.1% | ||
| Q3 25 | — | 70.5% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 71.7% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 72.2% | ||
| Q1 24 | — | 74.0% |
营业利润率MCSMSTR
| Q4 25 | 0.9% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | -13.7% | -5331.4% | ||
| Q4 24 | -1.2% | -842.1% | ||
| Q3 24 | 14.1% | -372.7% | ||
| Q2 24 | 1.3% | -179.7% | ||
| Q1 24 | -12.0% | -176.8% |
净利率MCSMSTR
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | 2164.1% | ||
| Q2 25 | 3.6% | 8752.7% | ||
| Q1 25 | -11.3% | -3797.2% | ||
| Q4 24 | 0.5% | -555.8% | ||
| Q3 24 | 10.0% | -293.1% | ||
| Q2 24 | -11.5% | -92.0% | ||
| Q1 24 | -8.6% | -46.1% |
每股收益（稀释后）MCSMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | $8.42 | ||
| Q2 25 | — | $32.60 | ||
| Q1 25 | — | $-16.49 | ||
| Q4 24 | — | $4.49 | ||
| Q3 24 | — | $-1.72 | ||
| Q2 24 | — | $-0.57 | ||
| Q1 24 | — | $-0.31 |
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 | $2.3B |
| 总债务越低越好 | $159.0M | $8.2B |
| 股东权益账面价值 | $457.4M | $44.1B |
| 总资产 | $1.0B | $61.6B |
| 负债/权益比越低杠杆越低 | 0.35× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资MCSMSTR
| Q4 25 | $23.4M | $2.3B | ||
| Q3 25 | $7.4M | $54.3M | ||
| Q2 25 | $14.9M | $50.1M | ||
| Q1 25 | $11.9M | $60.3M | ||
| Q4 24 | $40.8M | $38.1M | ||
| Q3 24 | $28.4M | $46.3M | ||
| Q2 24 | $32.8M | $66.9M | ||
| Q1 24 | $17.3M | $81.3M |
总债务MCSMSTR
| Q4 25 | $159.0M | $8.2B | ||
| Q3 25 | $162.0M | $8.2B | ||
| Q2 25 | $179.9M | $8.2B | ||
| Q1 25 | $198.9M | $8.1B | ||
| Q4 24 | $159.1M | $7.2B | ||
| Q3 24 | $173.1M | $4.2B | ||
| Q2 24 | $175.7M | $3.8B | ||
| Q1 24 | $169.8M | $3.6B |
股东权益MCSMSTR
| Q4 25 | $457.4M | $44.1B | ||
| Q3 25 | $454.3M | $52.3B | ||
| Q2 25 | $448.4M | $47.5B | ||
| Q1 25 | $441.8M | $32.2B | ||
| Q4 24 | $464.9M | $18.2B | ||
| Q3 24 | $462.3M | $3.8B | ||
| Q2 24 | $449.4M | $2.8B | ||
| Q1 24 | $459.3M | $2.4B |
总资产MCSMSTR
| Q4 25 | $1.0B | $61.6B | ||
| Q3 25 | $1.0B | $73.6B | ||
| Q2 25 | $1.0B | $64.8B | ||
| Q1 25 | $1.0B | $43.9B | ||
| Q4 24 | $1.0B | $25.8B | ||
| Q3 24 | $1.0B | $8.3B | ||
| Q2 24 | $1.1B | $7.1B | ||
| Q1 24 | $1.0B | $6.4B |
负债/权益比MCSMSTR
| Q4 25 | 0.35× | 0.19× | ||
| Q3 25 | 0.36× | 0.16× | ||
| Q2 25 | 0.40× | 0.17× | ||
| Q1 25 | 0.45× | 0.25× | ||
| Q4 24 | 0.34× | 0.39× | ||
| Q3 24 | 0.37× | 1.12× | ||
| Q2 24 | 0.39× | 1.36× | ||
| Q1 24 | 0.37× | 1.48× |
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 | $48.8M | — |
| 自由现金流经营现金流 - 资本支出 | $26.4M | — |
| 自由现金流率自由现金流/营收 | 13.6% | — |
| 资本支出强度资本支出/营收 | 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 | $989.0K | — |
8季度趋势，按日历期对齐
经营现金流MCSMSTR
| Q4 25 | $48.8M | — | ||
| Q3 25 | $39.1M | $-8.3M | ||
| Q2 25 | $31.6M | $-34.9M | ||
| Q1 25 | $-35.3M | $-2.4M | ||
| Q4 24 | $52.6M | $-17.3M | ||
| Q3 24 | $30.5M | $-41.0M | ||
| Q2 24 | $36.0M | $-23.3M | ||
| Q1 24 | $-15.1M | $28.6M |
自由现金流MCSMSTR
| Q4 25 | $26.4M | — | ||
| Q3 25 | $18.2M | $-11.1M | ||
| Q2 25 | $14.7M | $-37.0M | ||
| Q1 25 | $-58.3M | $-5.1M | ||
| Q4 24 | $27.1M | $-17.6M | ||
| Q3 24 | $12.0M | $-41.4M | ||
| Q2 24 | $16.1M | $-24.1M | ||
| Q1 24 | $-30.5M | $27.0M |
自由现金流率MCSMSTR
| Q4 25 | 13.6% | — | ||
| Q3 25 | 8.7% | -8.6% | ||
| Q2 25 | 7.1% | -32.3% | ||
| Q1 25 | -39.2% | -4.6% | ||
| Q4 24 | 14.4% | -14.6% | ||
| Q3 24 | 5.2% | -35.7% | ||
| Q2 24 | 9.2% | -21.6% | ||
| Q1 24 | -22.0% | 23.5% |
资本支出强度MCSMSTR
| Q4 25 | 11.6% | — | ||
| Q3 25 | 9.9% | 2.2% | ||
| Q2 25 | 8.2% | 1.8% | ||
| Q1 25 | 15.5% | 2.5% | ||
| Q4 24 | 13.5% | 0.2% | ||
| Q3 24 | 7.9% | 0.4% | ||
| Q2 24 | 11.3% | 0.6% | ||
| Q1 24 | 11.1% | 1.3% |
现金转化率MCSMSTR
| Q4 25 | — | — | ||
| Q3 25 | 2.41× | -0.00× | ||
| Q2 25 | 4.32× | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | 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
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
MSTR
暂无分部数据
