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MARCUS CORP（MCS）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是MARCUS CORP的2.0倍（$385.7M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -4.1%），MARCUS CORP自由现金流更多（$26.4M vs $22.1M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -4.9%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
MCS vs SAM — 直观对比
营收规模更大
SAM
是对方的2.0倍
$193.5M
营收增速更快
MCS
高出6.9%
-4.1%
自由现金流更多
MCS
多$4.3M
$22.1M
两年增速更快
MCS
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $385.7M |
| 净利润 | — | $-22.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 0.9% | -8.6% |
| 净利率 | — | -5.8% |
| 营收同比 | 2.8% | -4.1% |
| 净利润同比 | — | 41.9% |
| 每股收益（稀释后） | — | $-1.97 |
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MCSSAM
| Q4 25 | $193.5M | $385.7M | ||
| Q3 25 | $210.2M | $537.5M | ||
| Q2 25 | $206.0M | $587.9M | ||
| Q1 25 | $148.8M | $453.9M | ||
| Q4 24 | $188.3M | $402.3M | ||
| Q3 24 | $232.7M | $605.5M | ||
| Q2 24 | $176.0M | $579.1M | ||
| Q1 24 | $138.5M | $426.1M |
净利润MCSSAM
| Q4 25 | — | $-22.5M | ||
| Q3 25 | $16.2M | $46.2M | ||
| Q2 25 | $7.3M | $60.4M | ||
| Q1 25 | $-16.8M | $24.4M | ||
| Q4 24 | $986.0K | $-38.8M | ||
| Q3 24 | $23.3M | $33.5M | ||
| Q2 24 | $-20.2M | $52.3M | ||
| Q1 24 | $-11.9M | $12.6M |
毛利率MCSSAM
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% | ||
| Q1 24 | — | 43.7% |
营业利润率MCSSAM
| Q4 25 | 0.9% | -8.6% | ||
| Q3 25 | 10.8% | 11.5% | ||
| Q2 25 | 6.3% | 14.0% | ||
| Q1 25 | -13.7% | 7.4% | ||
| Q4 24 | -1.2% | -13.9% | ||
| Q3 24 | 14.1% | 7.6% | ||
| Q2 24 | 1.3% | 12.2% | ||
| Q1 24 | -12.0% | 3.6% |
净利率MCSSAM
| Q4 25 | — | -5.8% | ||
| Q3 25 | 7.7% | 8.6% | ||
| Q2 25 | 3.6% | 10.3% | ||
| Q1 25 | -11.3% | 5.4% | ||
| Q4 24 | 0.5% | -9.6% | ||
| Q3 24 | 10.0% | 5.5% | ||
| Q2 24 | -11.5% | 9.0% | ||
| Q1 24 | -8.6% | 3.0% |
每股收益（稀释后）MCSSAM
| Q4 25 | — | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | — | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | — | $2.86 | ||
| Q2 24 | — | $4.39 | ||
| Q1 24 | — | $1.04 |
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 | $223.4M |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | $846.3M |
| 总资产 | $1.0B | $1.2B |
| 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MCSSAM
| Q4 25 | $23.4M | $223.4M | ||
| Q3 25 | $7.4M | $250.5M | ||
| Q2 25 | $14.9M | $212.4M | ||
| Q1 25 | $11.9M | $152.5M | ||
| Q4 24 | $40.8M | $211.8M | ||
| Q3 24 | $28.4M | $255.6M | ||
| Q2 24 | $32.8M | $219.3M | ||
| Q1 24 | $17.3M | $205.4M |
总债务MCSSAM
| Q4 25 | $159.0M | — | ||
| Q3 25 | $162.0M | — | ||
| Q2 25 | $179.9M | — | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $159.1M | — | ||
| Q3 24 | $173.1M | — | ||
| Q2 24 | $175.7M | — | ||
| Q1 24 | $169.8M | — |
股东权益MCSSAM
| Q4 25 | $457.4M | $846.3M | ||
| Q3 25 | $454.3M | $911.0M | ||
| Q2 25 | $448.4M | $912.3M | ||
| Q1 25 | $441.8M | $897.0M | ||
| Q4 24 | $464.9M | $916.2M | ||
| Q3 24 | $462.3M | $1.0B | ||
| Q2 24 | $449.4M | $1.0B | ||
| Q1 24 | $459.3M | $1.0B |
总资产MCSSAM
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
负债/权益比MCSSAM
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.40× | — | ||
| 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 | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $22.1M |
| 自由现金流率自由现金流/营收 | 13.6% | 5.7% |
| 资本支出强度资本支出/营收 | 11.6% | 4.6% |
| 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 | $215.6M |
8季度趋势，按日历期对齐
经营现金流MCSSAM
| Q4 25 | $48.8M | $39.9M | ||
| Q3 25 | $39.1M | $101.8M | ||
| Q2 25 | $31.6M | $126.5M | ||
| Q1 25 | $-35.3M | $1.9M | ||
| Q4 24 | $52.6M | $41.9M | ||
| Q3 24 | $30.5M | $115.9M | ||
| Q2 24 | $36.0M | $96.0M | ||
| Q1 24 | $-15.1M | $-4.9M |
自由现金流MCSSAM
| Q4 25 | $26.4M | $22.1M | ||
| Q3 25 | $18.2M | $89.2M | ||
| Q2 25 | $14.7M | $112.2M | ||
| Q1 25 | $-58.3M | $-8.0M | ||
| Q4 24 | $27.1M | $18.4M | ||
| Q3 24 | $12.0M | $99.2M | ||
| Q2 24 | $16.1M | $75.6M | ||
| Q1 24 | $-30.5M | $-20.6M |
自由现金流率MCSSAM
| Q4 25 | 13.6% | 5.7% | ||
| Q3 25 | 8.7% | 16.6% | ||
| Q2 25 | 7.1% | 19.1% | ||
| Q1 25 | -39.2% | -1.8% | ||
| Q4 24 | 14.4% | 4.6% | ||
| Q3 24 | 5.2% | 16.4% | ||
| Q2 24 | 9.2% | 13.1% | ||
| Q1 24 | -22.0% | -4.8% |
资本支出强度MCSSAM
| Q4 25 | 11.6% | 4.6% | ||
| Q3 25 | 9.9% | 2.3% | ||
| Q2 25 | 8.2% | 2.4% | ||
| Q1 25 | 15.5% | 2.2% | ||
| Q4 24 | 13.5% | 5.8% | ||
| Q3 24 | 7.9% | 2.8% | ||
| Q2 24 | 11.3% | 3.5% | ||
| Q1 24 | 11.1% | 3.7% |
现金转化率MCSSAM
| Q4 25 | — | — | ||
| Q3 25 | 2.41× | 2.21× | ||
| Q2 25 | 4.32× | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 53.31× | — | ||
| Q3 24 | 1.31× | 3.46× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | -0.39× |
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% |
SAM
暂无分部数据
