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MARCUS CORP（MCS）与Tilray Brands, Inc.（TLRY）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是MARCUS CORP的1.1倍（$217.5M vs $193.5M），Tilray Brands, Inc.同比增速更快（3.1% vs 2.8%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 7.5%）
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。
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
MCS vs TLRY — 直观对比
营收规模更大
TLRY
是对方的1.1倍
$193.5M
营收增速更快
TLRY
高出0.4%
2.8%
两年增速更快
MCS
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $217.5M |
| 净利润 | — | $-44.9M |
| 毛利率 | — | 26.4% |
| 营业利润率 | 0.9% | -10.2% |
| 净利率 | — | -20.7% |
| 营收同比 | 2.8% | 3.1% |
| 净利润同比 | — | 47.4% |
| 每股收益（稀释后） | — | $-0.41 |
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MCSTLRY
| Q4 25 | $193.5M | $217.5M | ||
| Q3 25 | $210.2M | $209.5M | ||
| Q2 25 | $206.0M | $224.5M | ||
| Q1 25 | $148.8M | $185.8M | ||
| Q4 24 | $188.3M | $210.9M | ||
| Q3 24 | $232.7M | $200.0M | ||
| Q2 24 | $176.0M | $229.9M | ||
| Q1 24 | $138.5M | $188.3M |
净利润MCSTLRY
| Q4 25 | — | $-44.9M | ||
| Q3 25 | $16.2M | $-322.0K | ||
| Q2 25 | $7.3M | $-1.3B | ||
| Q1 25 | $-16.8M | $-789.4M | ||
| Q4 24 | $986.0K | $-85.3M | ||
| Q3 24 | $23.3M | $-39.2M | ||
| Q2 24 | $-20.2M | $-31.7M | ||
| Q1 24 | $-11.9M | $-92.7M |
毛利率MCSTLRY
| Q4 25 | — | 26.4% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 28.0% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 35.8% | ||
| Q1 24 | — | 26.2% |
营业利润率MCSTLRY
| Q4 25 | 0.9% | -10.2% | ||
| Q3 25 | 10.8% | 1.0% | ||
| Q2 25 | 6.3% | -643.1% | ||
| Q1 25 | -13.7% | -409.0% | ||
| Q4 24 | -1.2% | -20.0% | ||
| Q3 24 | 14.1% | -18.3% | ||
| Q2 24 | 1.3% | -7.2% | ||
| Q1 24 | -12.0% | -43.6% |
净利率MCSTLRY
| Q4 25 | — | -20.7% | ||
| Q3 25 | 7.7% | -0.2% | ||
| Q2 25 | 3.6% | -566.9% | ||
| Q1 25 | -11.3% | -424.9% | ||
| Q4 24 | 0.5% | -40.5% | ||
| Q3 24 | 10.0% | -19.6% | ||
| Q2 24 | -11.5% | -13.8% | ||
| Q1 24 | -8.6% | -49.2% |
每股收益（稀释后）MCSTLRY
| Q4 25 | — | $-0.41 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $7.26 | ||
| Q1 25 | — | $-8.69 | ||
| Q4 24 | — | $-0.99 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.12 |
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 | $291.6M |
| 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MCSTLRY
| Q4 25 | $23.4M | $291.6M | ||
| Q3 25 | $7.4M | $264.8M | ||
| Q2 25 | $14.9M | $256.4M | ||
| Q1 25 | $11.9M | — | ||
| Q4 24 | $40.8M | $252.2M | ||
| Q3 24 | $28.4M | $280.1M | ||
| Q2 24 | $32.8M | $260.5M | ||
| Q1 24 | $17.3M | $225.9M |
总债务MCSTLRY
| 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MCSTLRY
| Q4 25 | $457.4M | $1.6B | ||
| Q3 25 | $454.3M | $1.5B | ||
| Q2 25 | $448.4M | $1.5B | ||
| Q1 25 | $441.8M | $2.7B | ||
| Q4 24 | $464.9M | $3.5B | ||
| Q3 24 | $462.3M | $3.5B | ||
| Q2 24 | $449.4M | $3.4B | ||
| Q1 24 | $459.3M | $3.4B |
总资产MCSTLRY
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | $4.2B | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $1.1B | $4.2B | ||
| Q1 24 | $1.0B | $4.2B |
负债/权益比MCSTLRY
| 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 | $-8.5M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | — |
| 自由现金流率自由现金流/营收 | 13.6% | — |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $989.0K | — |
8季度趋势，按日历期对齐
经营现金流MCSTLRY
| Q4 25 | $48.8M | $-8.5M | ||
| Q3 25 | $39.1M | $-1.3M | ||
| Q2 25 | $31.6M | $-12.8M | ||
| Q1 25 | $-35.3M | $-5.8M | ||
| Q4 24 | $52.6M | $-40.7M | ||
| Q3 24 | $30.5M | $-35.3M | ||
| Q2 24 | $36.0M | $30.7M | ||
| Q1 24 | $-15.1M | $-15.4M |
自由现金流MCSTLRY
| Q4 25 | $26.4M | — | ||
| Q3 25 | $18.2M | — | ||
| Q2 25 | $14.7M | $-19.1M | ||
| Q1 25 | $-58.3M | $-20.2M | ||
| Q4 24 | $27.1M | $-46.2M | ||
| Q3 24 | $12.0M | $-42.0M | ||
| Q2 24 | $16.1M | $21.0M | ||
| Q1 24 | $-30.5M | $-24.9M |
自由现金流率MCSTLRY
| Q4 25 | 13.6% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 7.1% | -8.5% | ||
| Q1 25 | -39.2% | -10.9% | ||
| Q4 24 | 14.4% | -21.9% | ||
| Q3 24 | 5.2% | -21.0% | ||
| Q2 24 | 9.2% | 9.1% | ||
| Q1 24 | -22.0% | -13.2% |
资本支出强度MCSTLRY
| Q4 25 | 11.6% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 8.2% | 2.8% | ||
| Q1 25 | 15.5% | 7.8% | ||
| Q4 24 | 13.5% | 2.6% | ||
| Q3 24 | 7.9% | 3.4% | ||
| Q2 24 | 11.3% | 4.2% | ||
| Q1 24 | 11.1% | 5.1% |
现金转化率MCSTLRY
| 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% |
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
