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MARCUS CORP（MCS）与Childrens Place, Inc.（PLCE）财务数据对比。点击上方公司名可切换其他公司
Childrens Place, Inc.的季度营收约是MARCUS CORP的1.8倍（$339.5M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -13.0%），MARCUS CORP自由现金流更多（$26.4M vs $-3.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -13.6%）
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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
MCS vs PLCE — 直观对比
营收规模更大
PLCE
是对方的1.8倍
$193.5M
营收增速更快
MCS
高出15.7%
-13.0%
自由现金流更多
MCS
多$29.8M
$-3.4M
两年增速更快
MCS
近两年复合增速
-13.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $339.5M |
| 净利润 | — | $-4.3M |
| 毛利率 | — | 33.1% |
| 营业利润率 | 0.9% | 1.1% |
| 净利率 | — | -1.3% |
| 营收同比 | 2.8% | -13.0% |
| 净利润同比 | — | -121.5% |
| 每股收益（稀释后） | — | $-0.19 |
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MCSPLCE
| Q4 25 | $193.5M | $339.5M | ||
| Q3 25 | $210.2M | $298.0M | ||
| Q2 25 | $206.0M | $242.1M | ||
| Q1 25 | $148.8M | $408.6M | ||
| Q4 24 | $188.3M | $390.2M | ||
| Q3 24 | $232.7M | $319.7M | ||
| Q2 24 | $176.0M | $267.9M | ||
| Q1 24 | $138.5M | $455.0M |
净利润MCSPLCE
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $16.2M | $-5.4M | ||
| Q2 25 | $7.3M | $-34.0M | ||
| Q1 25 | $-16.8M | $-8.0M | ||
| Q4 24 | $986.0K | $20.1M | ||
| Q3 24 | $23.3M | $-32.1M | ||
| Q2 24 | $-20.2M | $-37.8M | ||
| Q1 24 | $-11.9M | $-128.8M |
毛利率MCSPLCE
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 21.8% |
营业利润率MCSPLCE
| Q4 25 | 0.9% | 1.1% | ||
| Q3 25 | 10.8% | 1.4% | ||
| Q2 25 | 6.3% | -10.0% | ||
| Q1 25 | -13.7% | 1.7% | ||
| Q4 24 | -1.2% | 7.5% | ||
| Q3 24 | 14.1% | -6.8% | ||
| Q2 24 | 1.3% | -10.4% | ||
| Q1 24 | -12.0% | -13.6% |
净利率MCSPLCE
| Q4 25 | — | -1.3% | ||
| Q3 25 | 7.7% | -1.8% | ||
| Q2 25 | 3.6% | -14.1% | ||
| Q1 25 | -11.3% | -2.0% | ||
| Q4 24 | 0.5% | 5.1% | ||
| Q3 24 | 10.0% | -10.0% | ||
| Q2 24 | -11.5% | -14.1% | ||
| Q1 24 | -8.6% | -28.3% |
每股收益（稀释后）MCSPLCE
| Q4 25 | — | $-0.19 | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-1.57 | ||
| Q1 25 | — | $-0.60 | ||
| Q4 24 | — | $1.57 | ||
| Q3 24 | — | $-2.51 | ||
| Q2 24 | — | $-2.98 | ||
| Q1 24 | — | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | $159.0M | $107.4M |
| 股东权益账面价值 | $457.4M | $-8.6M |
| 总资产 | $1.0B | $762.5M |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资MCSPLCE
| Q4 25 | $23.4M | $7.3M | ||
| Q3 25 | $7.4M | $7.8M | ||
| Q2 25 | $14.9M | $5.7M | ||
| Q1 25 | $11.9M | $5.3M | ||
| Q4 24 | $40.8M | $5.7M | ||
| Q3 24 | $28.4M | $9.6M | ||
| Q2 24 | $32.8M | $13.0M | ||
| Q1 24 | $17.3M | $13.6M |
总债务MCSPLCE
| Q4 25 | $159.0M | $107.4M | ||
| Q3 25 | $162.0M | $107.2M | ||
| Q2 25 | $179.9M | $107.0M | ||
| Q1 25 | $198.9M | $166.0M | ||
| Q4 24 | $159.1M | $165.7M | ||
| Q3 24 | $173.1M | $165.4M | ||
| Q2 24 | $175.7M | $166.6M | ||
| Q1 24 | $169.8M | $49.8M |
股东权益MCSPLCE
| Q4 25 | $457.4M | $-8.6M | ||
| Q3 25 | $454.3M | $-4.9M | ||
| Q2 25 | $448.4M | $1.4M | ||
| Q1 25 | $441.8M | $-59.4M | ||
| Q4 24 | $464.9M | $-49.6M | ||
| Q3 24 | $462.3M | $-68.9M | ||
| Q2 24 | $449.4M | $-34.9M | ||
| Q1 24 | $459.3M | $-9.0M |
总资产MCSPLCE
| Q4 25 | $1.0B | $762.5M | ||
| Q3 25 | $1.0B | $805.1M | ||
| Q2 25 | $1.0B | $779.6M | ||
| Q1 25 | $1.0B | $747.6M | ||
| Q4 24 | $1.0B | $888.8M | ||
| Q3 24 | $1.0B | $921.4M | ||
| Q2 24 | $1.1B | $848.3M | ||
| Q1 24 | $1.0B | $800.3M |
负债/权益比MCSPLCE
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.40× | 75.63× | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.39× | — | ||
| Q1 24 | 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 | $48.8M | $6.2M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $-3.4M |
| 自由现金流率自由现金流/营收 | 13.6% | -1.0% |
| 资本支出强度资本支出/营收 | 11.6% | 2.8% |
| 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 | $39.5M |
8季度趋势，按日历期对齐
经营现金流MCSPLCE
| Q4 25 | $48.8M | $6.2M | ||
| Q3 25 | $39.1M | $-30.5M | ||
| Q2 25 | $31.6M | $-43.0M | ||
| Q1 25 | $-35.3M | $121.3M | ||
| Q4 24 | $52.6M | $-44.2M | ||
| Q3 24 | $30.5M | $-83.9M | ||
| Q2 24 | $36.0M | $-110.8M | ||
| Q1 24 | $-15.1M | $135.4M |
自由现金流MCSPLCE
| Q4 25 | $26.4M | $-3.4M | ||
| Q3 25 | $18.2M | $-31.9M | ||
| Q2 25 | $14.7M | $-46.4M | ||
| Q1 25 | $-58.3M | $121.2M | ||
| Q4 24 | $27.1M | $-47.7M | ||
| Q3 24 | $12.0M | $-91.7M | ||
| Q2 24 | $16.1M | $-115.5M | ||
| Q1 24 | $-30.5M | $132.2M |
自由现金流率MCSPLCE
| Q4 25 | 13.6% | -1.0% | ||
| Q3 25 | 8.7% | -10.7% | ||
| Q2 25 | 7.1% | -19.2% | ||
| Q1 25 | -39.2% | 29.7% | ||
| Q4 24 | 14.4% | -12.2% | ||
| Q3 24 | 5.2% | -28.7% | ||
| Q2 24 | 9.2% | -43.1% | ||
| Q1 24 | -22.0% | 29.1% |
资本支出强度MCSPLCE
| Q4 25 | 11.6% | 2.8% | ||
| Q3 25 | 9.9% | 0.5% | ||
| Q2 25 | 8.2% | 1.4% | ||
| Q1 25 | 15.5% | 0.0% | ||
| Q4 24 | 13.5% | 0.9% | ||
| Q3 24 | 7.9% | 2.4% | ||
| Q2 24 | 11.3% | 1.8% | ||
| Q1 24 | 11.1% | 0.7% |
现金转化率MCSPLCE
| Q4 25 | — | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 4.32× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 53.31× | -2.20× | ||
| 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% |
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
