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MARCUS CORP（MCS）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是MARCUS CORP的2.0倍（$382.8M vs $193.5M），Gentherm Inc同比增速更快（8.5% vs 2.8%），MARCUS CORP自由现金流更多（$26.4M vs $6.7M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
MCS vs THRM — 直观对比
营收规模更大
THRM
是对方的2.0倍
$193.5M
营收增速更快
THRM
高出5.7%
2.8%
自由现金流更多
MCS
多$19.7M
$6.7M
两年增速更快
MCS
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $382.8M |
| 净利润 | — | $3.0M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 0.9% | 4.6% |
| 净利率 | — | 0.8% |
| 营收同比 | 2.8% | 8.5% |
| 净利润同比 | — | -80.5% |
| 每股收益（稀释后） | — | $0.08 |
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MCSTHRM
| Q4 25 | $193.5M | $382.8M | ||
| Q3 25 | $210.2M | $386.9M | ||
| Q2 25 | $206.0M | $375.1M | ||
| Q1 25 | $148.8M | $353.9M | ||
| Q4 24 | $188.3M | $352.9M | ||
| Q3 24 | $232.7M | $371.5M | ||
| Q2 24 | $176.0M | $375.7M | ||
| Q1 24 | $138.5M | $356.0M |
净利润MCSTHRM
| Q4 25 | — | $3.0M | ||
| Q3 25 | $16.2M | $14.9M | ||
| Q2 25 | $7.3M | $477.0K | ||
| Q1 25 | $-16.8M | $-128.0K | ||
| Q4 24 | $986.0K | $15.3M | ||
| Q3 24 | $23.3M | $16.0M | ||
| Q2 24 | $-20.2M | $18.9M | ||
| Q1 24 | $-11.9M | $14.8M |
毛利率MCSTHRM
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 25.7% | ||
| Q1 24 | — | 24.9% |
营业利润率MCSTHRM
| Q4 25 | 0.9% | 4.6% | ||
| Q3 25 | 10.8% | 6.2% | ||
| Q2 25 | 6.3% | 6.4% | ||
| Q1 25 | -13.7% | 4.8% | ||
| Q4 24 | -1.2% | 6.7% | ||
| Q3 24 | 14.1% | 8.7% | ||
| Q2 24 | 1.3% | 8.8% | ||
| Q1 24 | -12.0% | 5.1% |
净利率MCSTHRM
| Q4 25 | — | 0.8% | ||
| Q3 25 | 7.7% | 3.9% | ||
| Q2 25 | 3.6% | 0.1% | ||
| Q1 25 | -11.3% | -0.0% | ||
| Q4 24 | 0.5% | 4.3% | ||
| Q3 24 | 10.0% | 4.3% | ||
| Q2 24 | -11.5% | 5.0% | ||
| Q1 24 | -8.6% | 4.2% |
每股收益（稀释后）MCSTHRM
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | — | $0.51 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.47 |
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 | $160.8M |
| 总债务越低越好 | $159.0M | $189.0M |
| 股东权益账面价值 | $457.4M | $720.3M |
| 总资产 | $1.0B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.35× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资MCSTHRM
| Q4 25 | $23.4M | $160.8M | ||
| Q3 25 | $7.4M | $154.3M | ||
| Q2 25 | $14.9M | $128.3M | ||
| Q1 25 | $11.9M | $163.1M | ||
| Q4 24 | $40.8M | $134.1M | ||
| Q3 24 | $28.4M | $150.6M | ||
| Q2 24 | $32.8M | $123.5M | ||
| Q1 24 | $17.3M | $125.1M |
总债务MCSTHRM
| Q4 25 | $159.0M | $189.0M | ||
| Q3 25 | $162.0M | $189.0M | ||
| Q2 25 | $179.9M | $209.0M | ||
| Q1 25 | $198.9M | $262.0M | ||
| Q4 24 | $159.1M | $220.1M | ||
| Q3 24 | $173.1M | $222.1M | ||
| Q2 24 | $175.7M | $222.1M | ||
| Q1 24 | $169.8M | $222.2M |
股东权益MCSTHRM
| Q4 25 | $457.4M | $720.3M | ||
| Q3 25 | $454.3M | $717.9M | ||
| Q2 25 | $448.4M | $699.7M | ||
| Q1 25 | $441.8M | $646.5M | ||
| Q4 24 | $464.9M | $616.9M | ||
| Q3 24 | $462.3M | $660.7M | ||
| Q2 24 | $449.4M | $640.3M | ||
| Q1 24 | $459.3M | $647.1M |
总资产MCSTHRM
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.3B |
负债/权益比MCSTHRM
| Q4 25 | 0.35× | 0.26× | ||
| Q3 25 | 0.36× | 0.26× | ||
| Q2 25 | 0.40× | 0.30× | ||
| Q1 25 | 0.45× | 0.41× | ||
| Q4 24 | 0.34× | 0.36× | ||
| Q3 24 | 0.37× | 0.34× | ||
| Q2 24 | 0.39× | 0.35× | ||
| Q1 24 | 0.37× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $6.7M |
| 自由现金流率自由现金流/营收 | 13.6% | 1.7% |
| 资本支出强度资本支出/营收 | 11.6% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | $989.0K | $61.1M |
8季度趋势，按日历期对齐
经营现金流MCSTHRM
| Q4 25 | $48.8M | $29.0M | ||
| Q3 25 | $39.1M | $56.1M | ||
| Q2 25 | $31.6M | $45.0M | ||
| Q1 25 | $-35.3M | $-13.3M | ||
| Q4 24 | $52.6M | $36.6M | ||
| Q3 24 | $30.5M | $46.3M | ||
| Q2 24 | $36.0M | $37.1M | ||
| Q1 24 | $-15.1M | $-10.3M |
自由现金流MCSTHRM
| Q4 25 | $26.4M | $6.7M | ||
| Q3 25 | $18.2M | $46.5M | ||
| Q2 25 | $14.7M | $36.2M | ||
| Q1 25 | $-58.3M | $-28.2M | ||
| Q4 24 | $27.1M | $13.6M | ||
| Q3 24 | $12.0M | $26.6M | ||
| Q2 24 | $16.1M | $17.8M | ||
| Q1 24 | $-30.5M | $-21.6M |
自由现金流率MCSTHRM
| Q4 25 | 13.6% | 1.7% | ||
| Q3 25 | 8.7% | 12.0% | ||
| Q2 25 | 7.1% | 9.6% | ||
| Q1 25 | -39.2% | -8.0% | ||
| Q4 24 | 14.4% | 3.9% | ||
| Q3 24 | 5.2% | 7.2% | ||
| Q2 24 | 9.2% | 4.7% | ||
| Q1 24 | -22.0% | -6.1% |
资本支出强度MCSTHRM
| Q4 25 | 11.6% | 5.8% | ||
| Q3 25 | 9.9% | 2.5% | ||
| Q2 25 | 8.2% | 2.4% | ||
| Q1 25 | 15.5% | 4.2% | ||
| Q4 24 | 13.5% | 6.5% | ||
| Q3 24 | 7.9% | 5.3% | ||
| Q2 24 | 11.3% | 5.2% | ||
| Q1 24 | 11.1% | 3.2% |
现金转化率MCSTHRM
| Q4 25 | — | 9.70× | ||
| Q3 25 | 2.41× | 3.75× | ||
| Q2 25 | 4.32× | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | 53.31× | 2.39× | ||
| Q3 24 | 1.31× | 2.90× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
