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MARCUS CORP（MCS）与Wingstop Inc.（WING）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是Wingstop Inc.的1.1倍（$193.5M vs $183.7M），Wingstop Inc.同比增速更快（7.4% vs 2.8%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 8.6%）
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。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
MCS vs WING — 直观对比
营收规模更大
MCS
是对方的1.1倍
$183.7M
营收增速更快
WING
高出4.6%
2.8%
两年增速更快
MCS
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $183.7M |
| 净利润 | — | $29.9M |
| 毛利率 | — | 86.5% |
| 营业利润率 | 0.9% | 27.4% |
| 净利率 | — | 16.3% |
| 营收同比 | 2.8% | 7.4% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $1.08 |
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MCSWING
| Q1 26 | — | $183.7M | ||
| Q4 25 | $193.5M | $175.7M | ||
| Q3 25 | $210.2M | $175.7M | ||
| Q2 25 | $206.0M | $174.3M | ||
| Q1 25 | $148.8M | $171.1M | ||
| Q4 24 | $188.3M | $161.8M | ||
| Q3 24 | $232.7M | $162.5M | ||
| Q2 24 | $176.0M | $155.7M |
净利润MCSWING
| Q1 26 | — | $29.9M | ||
| Q4 25 | — | $26.8M | ||
| Q3 25 | $16.2M | $28.5M | ||
| Q2 25 | $7.3M | $26.8M | ||
| Q1 25 | $-16.8M | $92.3M | ||
| Q4 24 | $986.0K | $26.8M | ||
| Q3 24 | $23.3M | $25.7M | ||
| Q2 24 | $-20.2M | $27.5M |
毛利率MCSWING
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
营业利润率MCSWING
| Q1 26 | — | 27.4% | ||
| Q4 25 | 0.9% | 26.7% | ||
| Q3 25 | 10.8% | 27.9% | ||
| Q2 25 | 6.3% | 25.9% | ||
| Q1 25 | -13.7% | 22.4% | ||
| Q4 24 | -1.2% | 25.9% | ||
| Q3 24 | 14.1% | 24.5% | ||
| Q2 24 | 1.3% | 26.5% |
净利率MCSWING
| Q1 26 | — | 16.3% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | 7.7% | 16.2% | ||
| Q2 25 | 3.6% | 15.4% | ||
| Q1 25 | -11.3% | 53.9% | ||
| Q4 24 | 0.5% | 16.5% | ||
| Q3 24 | 10.0% | 15.8% | ||
| Q2 24 | -11.5% | 17.7% |
每股收益（稀释后）MCSWING
| Q1 26 | — | $1.08 | ||
| Q4 25 | — | $0.99 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $0.96 | ||
| Q1 25 | — | $3.24 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $0.88 | ||
| Q2 24 | — | $0.93 |
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 | $128.8M |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | — |
| 总资产 | $1.0B | $648.9M |
| 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MCSWING
| Q1 26 | — | $128.8M | ||
| Q4 25 | $23.4M | $196.6M | ||
| Q3 25 | $7.4M | $237.6M | ||
| Q2 25 | $14.9M | $227.9M | ||
| Q1 25 | $11.9M | $251.4M | ||
| Q4 24 | $40.8M | $315.9M | ||
| Q3 24 | $28.4M | $84.0M | ||
| Q2 24 | $32.8M | $96.7M |
总债务MCSWING
| Q1 26 | — | — | ||
| Q4 25 | $159.0M | $1.2B | ||
| Q3 25 | $162.0M | — | ||
| Q2 25 | $179.9M | — | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $159.1M | $1.2B | ||
| Q3 24 | $173.1M | — | ||
| Q2 24 | $175.7M | — |
股东权益MCSWING
| Q1 26 | — | — | ||
| Q4 25 | $457.4M | $-736.8M | ||
| Q3 25 | $454.3M | $-702.6M | ||
| Q2 25 | $448.4M | $-686.0M | ||
| Q1 25 | $441.8M | $-715.0M | ||
| Q4 24 | $464.9M | $-675.6M | ||
| Q3 24 | $462.3M | $-447.5M | ||
| Q2 24 | $449.4M | $-437.5M |
总资产MCSWING
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.0B | $693.4M | ||
| Q3 25 | $1.0B | $721.0M | ||
| Q2 25 | $1.0B | $708.3M | ||
| Q1 25 | $1.0B | $696.8M | ||
| Q4 24 | $1.0B | $716.2M | ||
| Q3 24 | $1.0B | $484.8M | ||
| Q2 24 | $1.1B | $451.8M |
负债/权益比MCSWING
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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MCSWING
| Q1 26 | — | — | ||
| Q4 25 | $48.8M | $57.3M | ||
| Q3 25 | $39.1M | $63.9M | ||
| Q2 25 | $31.6M | $6.6M | ||
| Q1 25 | $-35.3M | $25.3M | ||
| Q4 24 | $52.6M | $7.7M | ||
| Q3 24 | $30.5M | $69.0M | ||
| Q2 24 | $36.0M | $36.2M |
自由现金流MCSWING
| Q1 26 | — | — | ||
| Q4 25 | $26.4M | $34.5M | ||
| Q3 25 | $18.2M | $61.7M | ||
| Q2 25 | $14.7M | $-7.8M | ||
| Q1 25 | $-58.3M | $17.3M | ||
| Q4 24 | $27.1M | $-8.6M | ||
| Q3 24 | $12.0M | $54.9M | ||
| Q2 24 | $16.1M | $25.9M |
自由现金流率MCSWING
| Q1 26 | — | — | ||
| Q4 25 | 13.6% | 19.6% | ||
| Q3 25 | 8.7% | 35.1% | ||
| Q2 25 | 7.1% | -4.5% | ||
| Q1 25 | -39.2% | 10.1% | ||
| Q4 24 | 14.4% | -5.3% | ||
| Q3 24 | 5.2% | 33.8% | ||
| Q2 24 | 9.2% | 16.6% |
资本支出强度MCSWING
| Q1 26 | — | — | ||
| Q4 25 | 11.6% | 13.0% | ||
| Q3 25 | 9.9% | 1.3% | ||
| Q2 25 | 8.2% | 8.2% | ||
| Q1 25 | 15.5% | 4.7% | ||
| Q4 24 | 13.5% | 10.1% | ||
| Q3 24 | 7.9% | 8.7% | ||
| Q2 24 | 11.3% | 6.6% |
现金转化率MCSWING
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 2.41× | 2.24× | ||
| Q2 25 | 4.32× | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 53.31× | 0.29× | ||
| Q3 24 | 1.31× | 2.68× | ||
| Q2 24 | — | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
