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MARCUS CORP（MCS）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是MARCUS CORP的1.7倍（$331.3M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs 2.2%），MARCUS CORP自由现金流更多（$26.4M vs $8.7M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
MCS vs SPWH — 直观对比
营收规模更大
SPWH
是对方的1.7倍
$193.5M
营收增速更快
MCS
高出0.6%
2.2%
自由现金流更多
MCS
多$17.7M
$8.7M
两年增速更快
MCS
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $331.3M |
| 净利润 | — | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 0.9% | 1.3% |
| 净利率 | — | 0.0% |
| 营收同比 | 2.8% | 2.2% |
| 净利润同比 | — | -97.8% |
| 每股收益（稀释后） | — | $0.00 |
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MCSSPWH
| Q4 25 | $193.5M | $331.3M | ||
| Q3 25 | $210.2M | $293.9M | ||
| Q2 25 | $206.0M | $249.1M | ||
| Q1 25 | $148.8M | $340.4M | ||
| Q4 24 | $188.3M | $324.3M | ||
| Q3 24 | $232.7M | $288.7M | ||
| Q2 24 | $176.0M | $244.2M | ||
| Q1 24 | $138.5M | $370.4M |
净利润MCSSPWH
| Q4 25 | — | $8.0K | ||
| Q3 25 | $16.2M | $-7.1M | ||
| Q2 25 | $7.3M | $-21.3M | ||
| Q1 25 | $-16.8M | $-8.7M | ||
| Q4 24 | $986.0K | $-364.0K | ||
| Q3 24 | $23.3M | $-5.9M | ||
| Q2 24 | $-20.2M | $-18.1M | ||
| Q1 24 | $-11.9M | $-8.7M |
毛利率MCSSPWH
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 26.8% |
营业利润率MCSSPWH
| Q4 25 | 0.9% | 1.3% | ||
| Q3 25 | 10.8% | -1.1% | ||
| Q2 25 | 6.3% | -7.9% | ||
| Q1 25 | -13.7% | 1.1% | ||
| Q4 24 | -1.2% | 1.0% | ||
| Q3 24 | 14.1% | -1.5% | ||
| Q2 24 | 1.3% | -8.4% | ||
| Q1 24 | -12.0% | -2.1% |
净利率MCSSPWH
| Q4 25 | — | 0.0% | ||
| Q3 25 | 7.7% | -2.4% | ||
| Q2 25 | 3.6% | -8.5% | ||
| Q1 25 | -11.3% | -2.6% | ||
| Q4 24 | 0.5% | -0.1% | ||
| Q3 24 | 10.0% | -2.0% | ||
| Q2 24 | -11.5% | -7.4% | ||
| Q1 24 | -8.6% | -2.4% |
每股收益（稀释后）MCSSPWH
| Q4 25 | — | $0.00 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $-0.56 | ||
| Q1 25 | — | $-0.22 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | — | $-0.48 | ||
| Q1 24 | — | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $159.0M | $44.0M |
| 股东权益账面价值 | $457.4M | $209.5M |
| 总资产 | $1.0B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.35× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资MCSSPWH
| Q4 25 | $23.4M | $2.2M | ||
| Q3 25 | $7.4M | $1.8M | ||
| Q2 25 | $14.9M | $3.6M | ||
| Q1 25 | $11.9M | $2.8M | ||
| Q4 24 | $40.8M | $2.7M | ||
| Q3 24 | $28.4M | $2.6M | ||
| Q2 24 | $32.8M | $2.2M | ||
| Q1 24 | $17.3M | $3.1M |
总债务MCSSPWH
| Q4 25 | $159.0M | $44.0M | ||
| Q3 25 | $162.0M | $43.9M | ||
| Q2 25 | $179.9M | $24.1M | ||
| Q1 25 | $198.9M | $24.1M | ||
| Q4 24 | $159.1M | $24.0M | ||
| Q3 24 | $173.1M | $24.0M | ||
| Q2 24 | $175.7M | — | ||
| Q1 24 | $169.8M | — |
股东权益MCSSPWH
| Q4 25 | $457.4M | $209.5M | ||
| Q3 25 | $454.3M | $208.9M | ||
| Q2 25 | $448.4M | $215.1M | ||
| Q1 25 | $441.8M | $235.7M | ||
| Q4 24 | $464.9M | $243.6M | ||
| Q3 24 | $462.3M | $243.0M | ||
| Q2 24 | $449.4M | $247.5M | ||
| Q1 24 | $459.3M | $264.6M |
总资产MCSSPWH
| Q4 25 | $1.0B | $913.9M | ||
| Q3 25 | $1.0B | $948.9M | ||
| Q2 25 | $1.0B | $929.7M | ||
| Q1 25 | $1.0B | $852.1M | ||
| Q4 24 | $1.0B | $967.7M | ||
| Q3 24 | $1.0B | $901.9M | ||
| Q2 24 | $1.1B | $930.4M | ||
| Q1 24 | $1.0B | $886.2M |
负债/权益比MCSSPWH
| Q4 25 | 0.35× | 0.21× | ||
| Q3 25 | 0.36× | 0.21× | ||
| Q2 25 | 0.40× | 0.11× | ||
| Q1 25 | 0.45× | 0.10× | ||
| Q4 24 | 0.34× | 0.10× | ||
| Q3 24 | 0.37× | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $8.7M |
| 自由现金流率自由现金流/营收 | 13.6% | 2.6% |
| 资本支出强度资本支出/营收 | 11.6% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $989.0K | $-39.7M |
8季度趋势，按日历期对齐
经营现金流MCSSPWH
| Q4 25 | $48.8M | $16.3M | ||
| Q3 25 | $39.1M | $-26.6M | ||
| Q2 25 | $31.6M | $-60.2M | ||
| Q1 25 | $-35.3M | $52.8M | ||
| Q4 24 | $52.6M | $-2.5M | ||
| Q3 24 | $30.5M | $18.5M | ||
| Q2 24 | $36.0M | $-34.6M | ||
| Q1 24 | $-15.1M | $68.9M |
自由现金流MCSSPWH
| Q4 25 | $26.4M | $8.7M | ||
| Q3 25 | $18.2M | $-33.9M | ||
| Q2 25 | $14.7M | $-64.0M | ||
| Q1 25 | $-58.3M | $49.6M | ||
| Q4 24 | $27.1M | $-6.2M | ||
| Q3 24 | $12.0M | $14.1M | ||
| Q2 24 | $16.1M | $-38.0M | ||
| Q1 24 | $-30.5M | $60.2M |
自由现金流率MCSSPWH
| Q4 25 | 13.6% | 2.6% | ||
| Q3 25 | 8.7% | -11.5% | ||
| Q2 25 | 7.1% | -25.7% | ||
| Q1 25 | -39.2% | 14.6% | ||
| Q4 24 | 14.4% | -1.9% | ||
| Q3 24 | 5.2% | 4.9% | ||
| Q2 24 | 9.2% | -15.5% | ||
| Q1 24 | -22.0% | 16.2% |
资本支出强度MCSSPWH
| Q4 25 | 11.6% | 2.3% | ||
| Q3 25 | 9.9% | 2.5% | ||
| Q2 25 | 8.2% | 1.5% | ||
| Q1 25 | 15.5% | 1.0% | ||
| Q4 24 | 13.5% | 1.1% | ||
| Q3 24 | 7.9% | 1.5% | ||
| Q2 24 | 11.3% | 1.4% | ||
| Q1 24 | 11.1% | 2.4% |
现金转化率MCSSPWH
| Q4 25 | — | 2038.00× | ||
| 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% |
SPWH
暂无分部数据
