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MARCUS CORP（MCS）与Strategic Education, Inc.（STRA）财务数据对比。点击上方公司名可切换其他公司
Strategic Education, Inc.的季度营收约是MARCUS CORP的1.6倍（$305.9M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs 0.8%），Strategic Education, Inc.自由现金流更多（$77.3M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -1.0%）
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。
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
MCS vs STRA — 直观对比
营收规模更大
STRA
是对方的1.6倍
$193.5M
营收增速更快
MCS
高出2.0%
0.8%
自由现金流更多
STRA
多$50.9M
$26.4M
两年增速更快
MCS
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $305.9M |
| 净利润 | — | $32.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 13.4% |
| 净利率 | — | 10.7% |
| 营收同比 | 2.8% | 0.8% |
| 净利润同比 | — | 10.3% |
| 每股收益（稀释后） | — | $1.48 |
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MCSSTRA
| Q1 26 | — | $305.9M | ||
| Q4 25 | $193.5M | $323.2M | ||
| Q3 25 | $210.2M | $319.9M | ||
| Q2 25 | $206.0M | $321.5M | ||
| Q1 25 | $148.8M | $303.6M | ||
| Q4 24 | $188.3M | $311.5M | ||
| Q3 24 | $232.7M | $306.0M | ||
| Q2 24 | $176.0M | $312.3M |
净利润MCSSTRA
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $37.9M | ||
| Q3 25 | $16.2M | $26.6M | ||
| Q2 25 | $7.3M | $32.3M | ||
| Q1 25 | $-16.8M | $29.7M | ||
| Q4 24 | $986.0K | $25.3M | ||
| Q3 24 | $23.3M | $27.7M | ||
| Q2 24 | $-20.2M | $29.9M |
营业利润率MCSSTRA
| Q1 26 | — | 13.4% | ||
| Q4 25 | 0.9% | 16.0% | ||
| Q3 25 | 10.8% | 11.6% | ||
| Q2 25 | 6.3% | 14.2% | ||
| Q1 25 | -13.7% | 13.1% | ||
| Q4 24 | -1.2% | 11.6% | ||
| Q3 24 | 14.1% | 11.9% | ||
| Q2 24 | 1.3% | 13.4% |
净利率MCSSTRA
| Q1 26 | — | 10.7% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 7.7% | 8.3% | ||
| Q2 25 | 3.6% | 10.1% | ||
| Q1 25 | -11.3% | 9.8% | ||
| Q4 24 | 0.5% | 8.1% | ||
| Q3 24 | 10.0% | 9.1% | ||
| Q2 24 | -11.5% | 9.6% |
每股收益（稀释后）MCSSTRA
| Q1 26 | — | $1.48 | ||
| Q4 25 | — | $1.65 | ||
| Q3 25 | — | $1.15 | ||
| Q2 25 | — | $1.37 | ||
| Q1 25 | — | $1.24 | ||
| Q4 24 | — | $1.05 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $1.24 |
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 | $150.3M |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | $1.6B |
| 总资产 | $1.0B | $2.1B |
| 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MCSSTRA
| Q1 26 | — | $150.3M | ||
| Q4 25 | $23.4M | $148.1M | ||
| Q3 25 | $7.4M | $172.6M | ||
| Q2 25 | $14.9M | $164.9M | ||
| Q1 25 | $11.9M | $182.6M | ||
| Q4 24 | $40.8M | $184.0M | ||
| Q3 24 | $28.4M | $222.1M | ||
| Q2 24 | $32.8M | $256.2M |
总债务MCSSTRA
| Q1 26 | — | — | ||
| 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 | — |
股东权益MCSSTRA
| Q1 26 | — | $1.6B | ||
| Q4 25 | $457.4M | $1.6B | ||
| Q3 25 | $454.3M | $1.7B | ||
| Q2 25 | $448.4M | $1.7B | ||
| Q1 25 | $441.8M | $1.6B | ||
| Q4 24 | $464.9M | $1.7B | ||
| Q3 24 | $462.3M | $1.7B | ||
| Q2 24 | $449.4M | $1.7B |
总资产MCSSTRA
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.0B | $2.0B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B |
负债/权益比MCSSTRA
| Q1 26 | — | — | ||
| 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× | — |
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 | $87.4M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $77.3M |
| 自由现金流率自由现金流/营收 | 13.6% | 25.3% |
| 资本支出强度资本支出/营收 | 11.6% | — |
| 现金转化率经营现金流/净利润 | — | 2.66× |
| 过去12个月自由现金流最近4个季度 | $989.0K | $173.9M |
8季度趋势，按日历期对齐
经营现金流MCSSTRA
| Q1 26 | — | $87.4M | ||
| Q4 25 | $48.8M | $39.2M | ||
| Q3 25 | $39.1M | $60.1M | ||
| Q2 25 | $31.6M | $31.2M | ||
| Q1 25 | $-35.3M | $67.7M | ||
| Q4 24 | $52.6M | $15.9M | ||
| Q3 24 | $30.5M | $51.5M | ||
| Q2 24 | $36.0M | $24.3M |
自由现金流MCSSTRA
| Q1 26 | — | $77.3M | ||
| Q4 25 | $26.4M | $27.0M | ||
| Q3 25 | $18.2M | $49.3M | ||
| Q2 25 | $14.7M | $20.4M | ||
| Q1 25 | $-58.3M | $57.3M | ||
| Q4 24 | $27.1M | $4.7M | ||
| Q3 24 | $12.0M | $42.1M | ||
| Q2 24 | $16.1M | $13.6M |
自由现金流率MCSSTRA
| Q1 26 | — | 25.3% | ||
| Q4 25 | 13.6% | 8.3% | ||
| Q3 25 | 8.7% | 15.4% | ||
| Q2 25 | 7.1% | 6.3% | ||
| Q1 25 | -39.2% | 18.9% | ||
| Q4 24 | 14.4% | 1.5% | ||
| Q3 24 | 5.2% | 13.8% | ||
| Q2 24 | 9.2% | 4.3% |
资本支出强度MCSSTRA
| Q1 26 | — | — | ||
| Q4 25 | 11.6% | 3.8% | ||
| Q3 25 | 9.9% | 3.4% | ||
| Q2 25 | 8.2% | 3.4% | ||
| Q1 25 | 15.5% | 3.4% | ||
| Q4 24 | 13.5% | 3.6% | ||
| Q3 24 | 7.9% | 3.1% | ||
| Q2 24 | 11.3% | 3.4% |
现金转化率MCSSTRA
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | 2.41× | 2.26× | ||
| Q2 25 | 4.32× | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | 53.31× | 0.63× | ||
| Q3 24 | 1.31× | 1.86× | ||
| Q2 24 | — | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
