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MARCUS CORP（MCS）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是MARCUS CORP的1.9倍（$362.7M vs $193.5M），MARCUS CORP自由现金流更多（$26.4M vs $-193.1M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 17.4%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
MCS vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$193.5M
自由现金流更多
MCS
多$219.5M
$-193.1M
两年增速更快
MCS
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $362.7M |
| 净利润 | — | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 0.9% | 0.5% |
| 净利率 | — | -10.7% |
| 营收同比 | 2.8% | — |
| 净利润同比 | — | — |
| 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MCSVNET
| Q4 25 | $193.5M | — | ||
| Q3 25 | $210.2M | $362.7M | ||
| Q2 25 | $206.0M | — | ||
| Q1 25 | $148.8M | $309.5M | ||
| Q4 24 | $188.3M | — | ||
| Q3 24 | $232.7M | $302.2M | ||
| Q2 24 | $176.0M | $274.4M | ||
| Q1 24 | $138.5M | $262.9M |
净利润MCSVNET
| Q4 25 | — | — | ||
| Q3 25 | $16.2M | $-38.7M | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $-16.8M | $-2.4M | ||
| Q4 24 | $986.0K | — | ||
| Q3 24 | $23.3M | $-2.1M | ||
| Q2 24 | $-20.2M | $-1.1M | ||
| Q1 24 | $-11.9M | $-22.0M |
毛利率MCSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率MCSVNET
| Q4 25 | 0.9% | — | ||
| Q3 25 | 10.8% | 0.5% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | -13.7% | 0.1% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 14.1% | 24.5% | ||
| Q2 24 | 1.3% | 0.2% | ||
| Q1 24 | -12.0% | 0.2% |
净利率MCSVNET
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | -10.7% | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | -11.3% | -0.8% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 10.0% | -0.7% | ||
| Q2 24 | -11.5% | -0.4% | ||
| Q1 24 | -8.6% | -8.4% |
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 | $492.1M |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | $890.8M |
| 总资产 | $1.0B | $6.1B |
| 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MCSVNET
| Q4 25 | $23.4M | — | ||
| Q3 25 | $7.4M | $492.1M | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $11.9M | $544.3M | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $28.4M | $219.5M | ||
| Q2 24 | $32.8M | $247.2M | ||
| Q1 24 | $17.3M | $246.9M |
总债务MCSVNET
| Q4 25 | $159.0M | — | ||
| Q3 25 | $162.0M | — | ||
| Q2 25 | $179.9M | — | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $159.1M | — | ||
| Q3 24 | $173.1M | $1.2B | ||
| Q2 24 | $175.7M | — | ||
| Q1 24 | $169.8M | — |
股东权益MCSVNET
| Q4 25 | $457.4M | — | ||
| Q3 25 | $454.3M | $890.8M | ||
| Q2 25 | $448.4M | — | ||
| Q1 25 | $441.8M | $927.8M | ||
| Q4 24 | $464.9M | — | ||
| Q3 24 | $462.3M | $902.9M | ||
| Q2 24 | $449.4M | $900.6M | ||
| Q1 24 | $459.3M | $895.1M |
总资产MCSVNET
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $6.1B | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | $5.4B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $1.1B | $4.0B | ||
| Q1 24 | $1.0B | $3.9B |
负债/权益比MCSVNET
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $-193.1M |
| 自由现金流率自由现金流/营收 | 13.6% | -53.2% |
| 资本支出强度资本支出/营收 | 11.6% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MCSVNET
| Q4 25 | $48.8M | — | ||
| Q3 25 | $39.1M | $113.8M | ||
| Q2 25 | $31.6M | — | ||
| Q1 25 | $-35.3M | $27.0M | ||
| Q4 24 | $52.6M | — | ||
| Q3 24 | $30.5M | $108.3M | ||
| Q2 24 | $36.0M | $55.8M | ||
| Q1 24 | $-15.1M | $37.1M |
自由现金流MCSVNET
| Q4 25 | $26.4M | — | ||
| Q3 25 | $18.2M | $-193.1M | ||
| Q2 25 | $14.7M | — | ||
| Q1 25 | $-58.3M | $-220.0M | ||
| Q4 24 | $27.1M | — | ||
| Q3 24 | $12.0M | $-95.0M | ||
| Q2 24 | $16.1M | $-81.6M | ||
| Q1 24 | $-30.5M | $-102.2M |
自由现金流率MCSVNET
| Q4 25 | 13.6% | — | ||
| Q3 25 | 8.7% | -53.2% | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -39.2% | -71.1% | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 5.2% | -31.4% | ||
| Q2 24 | 9.2% | -29.8% | ||
| Q1 24 | -22.0% | -38.9% |
资本支出强度MCSVNET
| Q4 25 | 11.6% | — | ||
| Q3 25 | 9.9% | 84.6% | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 15.5% | 79.8% | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 7.9% | 67.3% | ||
| Q2 24 | 11.3% | 50.1% | ||
| Q1 24 | 11.1% | 53.0% |
现金转化率MCSVNET
| 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% |
VNET
暂无分部数据
