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MARCUS CORP（MCS）与ONESPAWORLD HOLDINGS Ltd（OSW）财务数据对比。点击上方公司名可切换其他公司
ONESPAWORLD HOLDINGS Ltd的季度营收约是MARCUS CORP的1.3倍（$242.1M vs $193.5M），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $14.9M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 7.1%）
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。
MCS vs OSW — 直观对比
营收规模更大
OSW
是对方的1.3倍
$193.5M
营收增速更快
OSW
高出8.7%
2.8%
自由现金流更多
MCS
多$11.5M
$14.9M
两年增速更快
MCS
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $242.1M |
| 净利润 | — | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 6.8% |
| 净利率 | — | 5.0% |
| 营收同比 | 2.8% | 11.5% |
| 净利润同比 | — | -16.2% |
| 每股收益（稀释后） | — | $0.12 |
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MCSOSW
| Q4 25 | $193.5M | $242.1M | ||
| Q3 25 | $210.2M | $258.5M | ||
| Q2 25 | $206.0M | $240.7M | ||
| Q1 25 | $148.8M | $219.6M | ||
| Q4 24 | $188.3M | $217.2M | ||
| Q3 24 | $232.7M | $241.7M | ||
| Q2 24 | $176.0M | $224.9M | ||
| Q1 24 | $138.5M | $211.2M |
净利润MCSOSW
| Q4 25 | — | $12.1M | ||
| Q3 25 | $16.2M | $24.3M | ||
| Q2 25 | $7.3M | $19.9M | ||
| Q1 25 | $-16.8M | $15.3M | ||
| Q4 24 | $986.0K | $14.4M | ||
| Q3 24 | $23.3M | $21.6M | ||
| Q2 24 | $-20.2M | $15.8M | ||
| Q1 24 | $-11.9M | $21.2M |
营业利润率MCSOSW
| Q4 25 | 0.9% | 6.8% | ||
| Q3 25 | 10.8% | 10.2% | ||
| Q2 25 | 6.3% | 9.2% | ||
| Q1 25 | -13.7% | 7.7% | ||
| Q4 24 | -1.2% | 7.9% | ||
| Q3 24 | 14.1% | 10.3% | ||
| Q2 24 | 1.3% | 8.4% | ||
| Q1 24 | -12.0% | 8.0% |
净利率MCSOSW
| Q4 25 | — | 5.0% | ||
| Q3 25 | 7.7% | 9.4% | ||
| Q2 25 | 3.6% | 8.3% | ||
| Q1 25 | -11.3% | 7.0% | ||
| Q4 24 | 0.5% | 6.6% | ||
| Q3 24 | 10.0% | 8.9% | ||
| Q2 24 | -11.5% | 7.0% | ||
| Q1 24 | -8.6% | 10.0% |
每股收益（稀释后）MCSOSW
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.15 | ||
| Q1 24 | — | $0.21 |
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 | $16.3M |
| 总债务越低越好 | $159.0M | $84.0M |
| 股东权益账面价值 | $457.4M | $542.6M |
| 总资产 | $1.0B | $707.1M |
| 负债/权益比越低杠杆越低 | 0.35× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资MCSOSW
| Q4 25 | $23.4M | $16.3M | ||
| Q3 25 | $7.4M | $29.6M | ||
| Q2 25 | $14.9M | $35.0M | ||
| Q1 25 | $11.9M | $22.6M | ||
| Q4 24 | $40.8M | $57.4M | ||
| Q3 24 | $28.4M | $48.8M | ||
| Q2 24 | $32.8M | $62.5M | ||
| Q1 24 | $17.3M | $65.4M |
总债务MCSOSW
| Q4 25 | $159.0M | $84.0M | ||
| Q3 25 | $162.0M | $85.2M | ||
| Q2 25 | $179.9M | $96.2M | ||
| Q1 25 | $198.9M | $97.4M | ||
| Q4 24 | $159.1M | $98.6M | ||
| Q3 24 | $173.1M | $98.7M | ||
| Q2 24 | $175.7M | $123.8M | ||
| Q1 24 | $169.8M | $138.6M |
股东权益MCSOSW
| Q4 25 | $457.4M | $542.6M | ||
| Q3 25 | $454.3M | $552.8M | ||
| Q2 25 | $448.4M | $548.3M | ||
| Q1 25 | $441.8M | $530.6M | ||
| Q4 24 | $464.9M | $554.5M | ||
| Q3 24 | $462.3M | $540.1M | ||
| Q2 24 | $449.4M | $532.7M | ||
| Q1 24 | $459.3M | $515.5M |
总资产MCSOSW
| Q4 25 | $1.0B | $707.1M | ||
| Q3 25 | $1.0B | $732.6M | ||
| Q2 25 | $1.0B | $731.8M | ||
| Q1 25 | $1.0B | $708.7M | ||
| Q4 24 | $1.0B | $746.4M | ||
| Q3 24 | $1.0B | $734.0M | ||
| Q2 24 | $1.1B | $756.8M | ||
| Q1 24 | $1.0B | $763.6M |
负债/权益比MCSOSW
| Q4 25 | 0.35× | 0.15× | ||
| Q3 25 | 0.36× | 0.15× | ||
| Q2 25 | 0.40× | 0.18× | ||
| Q1 25 | 0.45× | 0.18× | ||
| Q4 24 | 0.34× | 0.18× | ||
| Q3 24 | 0.37× | 0.18× | ||
| Q2 24 | 0.39× | 0.23× | ||
| Q1 24 | 0.37× | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $14.9M |
| 自由现金流率自由现金流/营收 | 13.6% | 6.2% |
| 资本支出强度资本支出/营收 | 11.6% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $989.0K | $68.4M |
8季度趋势，按日历期对齐
经营现金流MCSOSW
| Q4 25 | $48.8M | $20.0M | ||
| Q3 25 | $39.1M | $33.2M | ||
| Q2 25 | $31.6M | $20.3M | ||
| Q1 25 | $-35.3M | $10.1M | ||
| Q4 24 | $52.6M | $16.6M | ||
| Q3 24 | $30.5M | $28.6M | ||
| Q2 24 | $36.0M | $18.7M | ||
| Q1 24 | $-15.1M | $15.0M |
自由现金流MCSOSW
| Q4 25 | $26.4M | $14.9M | ||
| Q3 25 | $18.2M | $27.6M | ||
| Q2 25 | $14.7M | $17.6M | ||
| Q1 25 | $-58.3M | $8.4M | ||
| Q4 24 | $27.1M | $13.2M | ||
| Q3 24 | $12.0M | $27.5M | ||
| Q2 24 | $16.1M | $17.6M | ||
| Q1 24 | $-30.5M | $13.7M |
自由现金流率MCSOSW
| Q4 25 | 13.6% | 6.2% | ||
| Q3 25 | 8.7% | 10.7% | ||
| Q2 25 | 7.1% | 7.3% | ||
| Q1 25 | -39.2% | 3.8% | ||
| Q4 24 | 14.4% | 6.1% | ||
| Q3 24 | 5.2% | 11.4% | ||
| Q2 24 | 9.2% | 7.8% | ||
| Q1 24 | -22.0% | 6.5% |
资本支出强度MCSOSW
| Q4 25 | 11.6% | 2.1% | ||
| Q3 25 | 9.9% | 2.2% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 15.5% | 0.8% | ||
| Q4 24 | 13.5% | 1.5% | ||
| Q3 24 | 7.9% | 0.5% | ||
| Q2 24 | 11.3% | 0.5% | ||
| Q1 24 | 11.1% | 0.6% |
现金转化率MCSOSW
| Q4 25 | — | 1.65× | ||
| Q3 25 | 2.41× | 1.36× | ||
| Q2 25 | 4.32× | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 53.31× | 1.15× | ||
| Q3 24 | 1.31× | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
