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MARCUS CORP（MCS）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.1倍（$193.5M vs $179.7M），Rocket Lab Corp同比增速更快（35.7% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 18.2%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
MCS vs RKLB — 直观对比
营收规模更大
MCS
是对方的1.1倍
$179.7M
营收增速更快
RKLB
高出32.9%
2.8%
自由现金流更多
MCS
多$140.6M
$-114.2M
两年增速更快
RKLB
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 0.9% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | 2.8% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | — | $-0.09 |
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MCSRKLB
| Q4 25 | $193.5M | $179.7M | ||
| Q3 25 | $210.2M | $155.1M | ||
| Q2 25 | $206.0M | $144.5M | ||
| Q1 25 | $148.8M | $122.6M | ||
| Q4 24 | $188.3M | $132.4M | ||
| Q3 24 | $232.7M | $104.8M | ||
| Q2 24 | $176.0M | $106.3M | ||
| Q1 24 | $138.5M | $92.8M |
净利润MCSRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $16.2M | $-18.3M | ||
| Q2 25 | $7.3M | $-66.4M | ||
| Q1 25 | $-16.8M | $-60.6M | ||
| Q4 24 | $986.0K | $-52.3M | ||
| Q3 24 | $23.3M | $-51.9M | ||
| Q2 24 | $-20.2M | $-41.6M | ||
| Q1 24 | $-11.9M | $-44.3M |
毛利率MCSRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 26.1% |
营业利润率MCSRKLB
| Q4 25 | 0.9% | -28.4% | ||
| Q3 25 | 10.8% | -38.0% | ||
| Q2 25 | 6.3% | -41.3% | ||
| Q1 25 | -13.7% | -48.3% | ||
| Q4 24 | -1.2% | -38.9% | ||
| Q3 24 | 14.1% | -49.5% | ||
| Q2 24 | 1.3% | -40.7% | ||
| Q1 24 | -12.0% | -46.4% |
净利率MCSRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 7.7% | -11.8% | ||
| Q2 25 | 3.6% | -46.0% | ||
| Q1 25 | -11.3% | -49.5% | ||
| Q4 24 | 0.5% | -39.5% | ||
| Q3 24 | 10.0% | -49.6% | ||
| Q2 24 | -11.5% | -39.2% | ||
| Q1 24 | -8.6% | -47.7% |
每股收益（稀释后）MCSRKLB
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $159.0M | $152.4M |
| 股东权益账面价值 | $457.4M | $1.7B |
| 总资产 | $1.0B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.35× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MCSRKLB
| Q4 25 | $23.4M | $1.0B | ||
| Q3 25 | $7.4M | $976.7M | ||
| Q2 25 | $14.9M | $688.1M | ||
| Q1 25 | $11.9M | $428.4M | ||
| Q4 24 | $40.8M | $419.0M | ||
| Q3 24 | $28.4M | $442.4M | ||
| Q2 24 | $32.8M | $496.8M | ||
| Q1 24 | $17.3M | $492.5M |
总债务MCSRKLB
| Q4 25 | $159.0M | $152.4M | ||
| Q3 25 | $162.0M | $347.0M | ||
| Q2 25 | $179.9M | $346.5M | ||
| Q1 25 | $198.9M | $345.9M | ||
| Q4 24 | $159.1M | $345.4M | ||
| Q3 24 | $173.1M | $61.2M | ||
| Q2 24 | $175.7M | $64.2M | ||
| Q1 24 | $169.8M | $66.8M |
股东权益MCSRKLB
| Q4 25 | $457.4M | $1.7B | ||
| Q3 25 | $454.3M | $1.3B | ||
| Q2 25 | $448.4M | $688.5M | ||
| Q1 25 | $441.8M | $431.3M | ||
| Q4 24 | $464.9M | $382.5M | ||
| Q3 24 | $462.3M | $419.8M | ||
| Q2 24 | $449.4M | $455.2M | ||
| Q1 24 | $459.3M | $478.9M |
总资产MCSRKLB
| Q4 25 | $1.0B | $2.3B | ||
| Q3 25 | $1.0B | $2.2B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
负债/权益比MCSRKLB
| Q4 25 | 0.35× | 0.09× | ||
| Q3 25 | 0.36× | 0.27× | ||
| Q2 25 | 0.40× | 0.50× | ||
| Q1 25 | 0.45× | 0.80× | ||
| Q4 24 | 0.34× | 0.90× | ||
| Q3 24 | 0.37× | 0.15× | ||
| Q2 24 | 0.39× | 0.14× | ||
| Q1 24 | 0.37× | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $-114.2M |
| 自由现金流率自由现金流/营收 | 13.6% | -63.6% |
| 资本支出强度资本支出/营收 | 11.6% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MCSRKLB
| Q4 25 | $48.8M | $-64.5M | ||
| Q3 25 | $39.1M | $-23.5M | ||
| Q2 25 | $31.6M | $-23.2M | ||
| Q1 25 | $-35.3M | $-54.2M | ||
| Q4 24 | $52.6M | $-2.4M | ||
| Q3 24 | $30.5M | $-30.9M | ||
| Q2 24 | $36.0M | $-13.0M | ||
| Q1 24 | $-15.1M | $-2.6M |
自由现金流MCSRKLB
| Q4 25 | $26.4M | $-114.2M | ||
| Q3 25 | $18.2M | $-69.4M | ||
| Q2 25 | $14.7M | $-55.3M | ||
| Q1 25 | $-58.3M | $-82.9M | ||
| Q4 24 | $27.1M | $-23.9M | ||
| Q3 24 | $12.0M | $-41.9M | ||
| Q2 24 | $16.1M | $-28.3M | ||
| Q1 24 | $-30.5M | $-21.8M |
自由现金流率MCSRKLB
| Q4 25 | 13.6% | -63.6% | ||
| Q3 25 | 8.7% | -44.8% | ||
| Q2 25 | 7.1% | -38.3% | ||
| Q1 25 | -39.2% | -67.6% | ||
| Q4 24 | 14.4% | -18.1% | ||
| Q3 24 | 5.2% | -40.0% | ||
| Q2 24 | 9.2% | -26.7% | ||
| Q1 24 | -22.0% | -23.5% |
资本支出强度MCSRKLB
| Q4 25 | 11.6% | 27.6% | ||
| Q3 25 | 9.9% | 29.6% | ||
| Q2 25 | 8.2% | 22.2% | ||
| Q1 25 | 15.5% | 23.4% | ||
| Q4 24 | 13.5% | 16.3% | ||
| Q3 24 | 7.9% | 10.5% | ||
| Q2 24 | 11.3% | 14.4% | ||
| Q1 24 | 11.1% | 20.7% |
现金转化率MCSRKLB
| Q4 25 | — | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 4.32× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
