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MARCUS CORP（MCS）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是MARCUS CORP的1.3倍（$252.5M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
MCS vs USAC — 直观对比
营收规模更大
USAC
是对方的1.3倍
$193.5M
营收增速更快
MCS
高出0.1%
2.7%
自由现金流更多
USAC
多$61.3M
$26.4M
两年增速更快
MCS
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $252.5M |
| 净利润 | — | $27.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 30.3% |
| 净利率 | — | 11.0% |
| 营收同比 | 2.8% | 2.7% |
| 净利润同比 | — | 9.1% |
| 每股收益（稀释后） | — | — |
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MCSUSAC
| Q4 25 | $193.5M | $252.5M | ||
| Q3 25 | $210.2M | $250.3M | ||
| Q2 25 | $206.0M | $250.1M | ||
| Q1 25 | $148.8M | $245.2M | ||
| Q4 24 | $188.3M | $245.9M | ||
| Q3 24 | $232.7M | $240.0M | ||
| Q2 24 | $176.0M | $235.3M | ||
| Q1 24 | $138.5M | $229.3M |
净利润MCSUSAC
| Q4 25 | — | $27.8M | ||
| Q3 25 | $16.2M | $34.5M | ||
| Q2 25 | $7.3M | $28.6M | ||
| Q1 25 | $-16.8M | $20.5M | ||
| Q4 24 | $986.0K | $25.4M | ||
| Q3 24 | $23.3M | $19.3M | ||
| Q2 24 | $-20.2M | $31.2M | ||
| Q1 24 | $-11.9M | $23.6M |
营业利润率MCSUSAC
| Q4 25 | 0.9% | 30.3% | ||
| Q3 25 | 10.8% | 33.5% | ||
| Q2 25 | 6.3% | 30.6% | ||
| Q1 25 | -13.7% | 28.3% | ||
| Q4 24 | -1.2% | 30.3% | ||
| Q3 24 | 14.1% | 31.5% | ||
| Q2 24 | 1.3% | 32.9% | ||
| Q1 24 | -12.0% | 29.2% |
净利率MCSUSAC
| Q4 25 | — | 11.0% | ||
| Q3 25 | 7.7% | 13.8% | ||
| Q2 25 | 3.6% | 11.4% | ||
| Q1 25 | -11.3% | 8.4% | ||
| Q4 24 | 0.5% | 10.3% | ||
| Q3 24 | 10.0% | 8.1% | ||
| Q2 24 | -11.5% | 13.3% | ||
| Q1 24 | -8.6% | 10.3% |
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 | $8.6M |
| 总债务越低越好 | $159.0M | $2.5B |
| 股东权益账面价值 | $457.4M | — |
| 总资产 | $1.0B | $2.6B |
| 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MCSUSAC
| Q4 25 | $23.4M | $8.6M | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $14.9M | $2.0K | ||
| Q1 25 | $11.9M | $2.0K | ||
| Q4 24 | $40.8M | $14.0K | ||
| Q3 24 | $28.4M | $79.0K | ||
| Q2 24 | $32.8M | $9.0K | ||
| Q1 24 | $17.3M | $8.0K |
总债务MCSUSAC
| Q4 25 | $159.0M | $2.5B | ||
| Q3 25 | $162.0M | $2.5B | ||
| Q2 25 | $179.9M | $2.5B | ||
| Q1 25 | $198.9M | $2.5B | ||
| Q4 24 | $159.1M | $2.5B | ||
| Q3 24 | $173.1M | $2.5B | ||
| Q2 24 | $175.7M | $2.5B | ||
| Q1 24 | $169.8M | $2.5B |
股东权益MCSUSAC
| Q4 25 | $457.4M | — | ||
| Q3 25 | $454.3M | — | ||
| Q2 25 | $448.4M | — | ||
| Q1 25 | $441.8M | — | ||
| Q4 24 | $464.9M | — | ||
| Q3 24 | $462.3M | — | ||
| Q2 24 | $449.4M | — | ||
| Q1 24 | $459.3M | — |
总资产MCSUSAC
| Q4 25 | $1.0B | $2.6B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.0B | $2.7B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $1.0B | $2.7B | ||
| Q3 24 | $1.0B | $2.8B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $1.0B | $2.8B |
负债/权益比MCSUSAC
| 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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $87.7M |
| 自由现金流率自由现金流/营收 | 13.6% | 34.8% |
| 资本支出强度资本支出/营收 | 11.6% | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | $989.0K | $277.0M |
8季度趋势，按日历期对齐
经营现金流MCSUSAC
| Q4 25 | $48.8M | $139.5M | ||
| Q3 25 | $39.1M | $75.9M | ||
| Q2 25 | $31.6M | $124.2M | ||
| Q1 25 | $-35.3M | $54.7M | ||
| Q4 24 | $52.6M | $130.2M | ||
| Q3 24 | $30.5M | $48.5M | ||
| Q2 24 | $36.0M | $96.7M | ||
| Q1 24 | $-15.1M | $65.9M |
自由现金流MCSUSAC
| Q4 25 | $26.4M | $87.7M | ||
| Q3 25 | $18.2M | $51.9M | ||
| Q2 25 | $14.7M | $101.1M | ||
| Q1 25 | $-58.3M | $36.3M | ||
| Q4 24 | $27.1M | $101.2M | ||
| Q3 24 | $12.0M | $19.8M | ||
| Q2 24 | $16.1M | $48.2M | ||
| Q1 24 | $-30.5M | $-32.7M |
自由现金流率MCSUSAC
| Q4 25 | 13.6% | 34.8% | ||
| Q3 25 | 8.7% | 20.7% | ||
| Q2 25 | 7.1% | 40.4% | ||
| Q1 25 | -39.2% | 14.8% | ||
| Q4 24 | 14.4% | 41.1% | ||
| Q3 24 | 5.2% | 8.2% | ||
| Q2 24 | 9.2% | 20.5% | ||
| Q1 24 | -22.0% | -14.3% |
资本支出强度MCSUSAC
| Q4 25 | 11.6% | 20.5% | ||
| Q3 25 | 9.9% | 9.6% | ||
| Q2 25 | 8.2% | 9.3% | ||
| Q1 25 | 15.5% | 7.5% | ||
| Q4 24 | 13.5% | 11.8% | ||
| Q3 24 | 7.9% | 12.0% | ||
| Q2 24 | 11.3% | 20.6% | ||
| Q1 24 | 11.1% | 43.0% |
现金转化率MCSUSAC
| Q4 25 | — | 5.02× | ||
| Q3 25 | 2.41× | 2.20× | ||
| Q2 25 | 4.32× | 4.35× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | 53.31× | 5.12× | ||
| Q3 24 | 1.31× | 2.51× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
