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MARCUS CORP（MCS）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是MARCUS CORP的1.5倍（$296.1M vs $193.5M），Upstart Holdings, Inc.同比增速更快（35.2% vs 2.8%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $26.4M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% vs 18.2%）
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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
MCS vs UPST — 直观对比
营收规模更大
UPST
是对方的1.5倍
$193.5M
营收增速更快
UPST
高出32.5%
2.8%
自由现金流更多
UPST
多$82.0M
$26.4M
两年增速更快
UPST
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $296.1M |
| 净利润 | — | $18.6M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 6.4% |
| 净利率 | — | 6.3% |
| 营收同比 | 2.8% | 35.2% |
| 净利润同比 | — | 776.4% |
| 每股收益（稀释后） | — | $0.20 |
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MCSUPST
| Q4 25 | $193.5M | $296.1M | ||
| Q3 25 | $210.2M | $277.1M | ||
| Q2 25 | $206.0M | $257.3M | ||
| Q1 25 | $148.8M | $213.4M | ||
| Q4 24 | $188.3M | $219.0M | ||
| Q3 24 | $232.7M | $162.1M | ||
| Q2 24 | $176.0M | $127.6M | ||
| Q1 24 | $138.5M | $127.8M |
净利润MCSUPST
| Q4 25 | — | $18.6M | ||
| Q3 25 | $16.2M | $31.8M | ||
| Q2 25 | $7.3M | $5.6M | ||
| Q1 25 | $-16.8M | $-2.4M | ||
| Q4 24 | $986.0K | $-2.8M | ||
| Q3 24 | $23.3M | $-6.8M | ||
| Q2 24 | $-20.2M | $-54.5M | ||
| Q1 24 | $-11.9M | $-64.6M |
营业利润率MCSUPST
| Q4 25 | 0.9% | 6.4% | ||
| Q3 25 | 10.8% | 8.5% | ||
| Q2 25 | 6.3% | 1.8% | ||
| Q1 25 | -13.7% | -2.1% | ||
| Q4 24 | -1.2% | -2.2% | ||
| Q3 24 | 14.1% | -27.8% | ||
| Q2 24 | 1.3% | -43.5% | ||
| Q1 24 | -12.0% | -52.8% |
净利率MCSUPST
| Q4 25 | — | 6.3% | ||
| Q3 25 | 7.7% | 11.5% | ||
| Q2 25 | 3.6% | 2.2% | ||
| Q1 25 | -11.3% | -1.1% | ||
| Q4 24 | 0.5% | -1.3% | ||
| Q3 24 | 10.0% | -4.2% | ||
| Q2 24 | -11.5% | -42.7% | ||
| Q1 24 | -8.6% | -50.5% |
每股收益（稀释后）MCSUPST
| Q4 25 | — | $0.20 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.62 | ||
| Q1 24 | — | $-0.74 |
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 | $652.4M |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | $798.8M |
| 总资产 | $1.0B | $3.0B |
| 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MCSUPST
| Q4 25 | $23.4M | $652.4M | ||
| Q3 25 | $7.4M | $489.8M | ||
| Q2 25 | $14.9M | $395.9M | ||
| Q1 25 | $11.9M | $599.8M | ||
| Q4 24 | $40.8M | $788.4M | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $32.8M | — | ||
| Q1 24 | $17.3M | — |
总债务MCSUPST
| 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MCSUPST
| Q4 25 | $457.4M | $798.8M | ||
| Q3 25 | $454.3M | $743.7M | ||
| Q2 25 | $448.4M | $722.0M | ||
| Q1 25 | $441.8M | $676.6M | ||
| Q4 24 | $464.9M | $633.2M | ||
| Q3 24 | $462.3M | $595.5M | ||
| Q2 24 | $449.4M | $594.7M | ||
| Q1 24 | $459.3M | $612.8M |
总资产MCSUPST
| Q4 25 | $1.0B | $3.0B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.0B | $1.9B |
负债/权益比MCSUPST
| 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 | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $108.4M |
| 自由现金流率自由现金流/营收 | 13.6% | 36.6% |
| 资本支出强度资本支出/营收 | 11.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.82× |
| 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MCSUPST
| Q4 25 | $48.8M | $108.6M | ||
| Q3 25 | $39.1M | $-122.6M | ||
| Q2 25 | $31.6M | $-120.2M | ||
| Q1 25 | $-35.3M | $-13.5M | ||
| Q4 24 | $52.6M | $-110.9M | ||
| Q3 24 | $30.5M | $179.3M | ||
| Q2 24 | $36.0M | $65.3M | ||
| Q1 24 | $-15.1M | $52.6M |
自由现金流MCSUPST
| Q4 25 | $26.4M | $108.4M | ||
| Q3 25 | $18.2M | $-122.7M | ||
| Q2 25 | $14.7M | $-120.3M | ||
| Q1 25 | $-58.3M | — | ||
| Q4 24 | $27.1M | — | ||
| Q3 24 | $12.0M | $179.2M | ||
| Q2 24 | $16.1M | $65.3M | ||
| Q1 24 | $-30.5M | $51.9M |
自由现金流率MCSUPST
| Q4 25 | 13.6% | 36.6% | ||
| Q3 25 | 8.7% | -44.3% | ||
| Q2 25 | 7.1% | -46.7% | ||
| Q1 25 | -39.2% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 5.2% | 110.5% | ||
| Q2 24 | 9.2% | 51.1% | ||
| Q1 24 | -22.0% | 40.6% |
资本支出强度MCSUPST
| Q4 25 | 11.6% | 0.1% | ||
| Q3 25 | 9.9% | 0.0% | ||
| Q2 25 | 8.2% | 0.0% | ||
| Q1 25 | 15.5% | 0.0% | ||
| Q4 24 | 13.5% | 0.0% | ||
| Q3 24 | 7.9% | 0.1% | ||
| Q2 24 | 11.3% | 0.0% | ||
| Q1 24 | 11.1% | 0.5% |
现金转化率MCSUPST
| Q4 25 | — | 5.82× | ||
| Q3 25 | 2.41× | -3.86× | ||
| Q2 25 | 4.32× | -21.43× | ||
| 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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
