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MARCUS CORP（MCS）与沃夫斯沛（WOLF）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是沃夫斯沛的1.1倍（$193.5M vs $168.5M），MARCUS CORP同比增速更快（2.8% vs -6.6%），MARCUS CORP自由现金流更多（$26.4M vs $-72.6M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs -8.4%）
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。
Wolfspeed, Inc.（原Cree, Inc.）是一家美国宽禁带半导体研发制造商，核心业务聚焦碳化硅材料与功率器件，产品主要应用于交通、电源、功率逆变器以及无线系统等领域，是碳化硅功率半导体领域的领先企业。
MCS vs WOLF — 直观对比
营收规模更大
MCS
是对方的1.1倍
$168.5M
营收增速更快
MCS
高出9.4%
-6.6%
自由现金流更多
MCS
多$99.0M
$-72.6M
两年增速更快
MCS
近两年复合增速
-8.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $168.5M |
| 净利润 | — | $-150.6M |
| 毛利率 | — | -46.5% |
| 营业利润率 | 0.9% | -94.0% |
| 净利率 | — | -89.4% |
| 营收同比 | 2.8% | -6.6% |
| 净利润同比 | — | 59.5% |
| 每股收益（稀释后） | — | $-5.78 |
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MCSWOLF
| Q4 25 | $193.5M | $168.5M | ||
| Q3 25 | $210.2M | $196.8M | ||
| Q2 25 | $206.0M | $197.0M | ||
| Q1 25 | $148.8M | $185.4M | ||
| Q4 24 | $188.3M | $180.5M | ||
| Q3 24 | $232.7M | $194.7M | ||
| Q2 24 | $176.0M | $200.7M | ||
| Q1 24 | $138.5M | $200.7M |
净利润MCSWOLF
| Q4 25 | — | $-150.6M | ||
| Q3 25 | $16.2M | $-643.6M | ||
| Q2 25 | $7.3M | $-669.3M | ||
| Q1 25 | $-16.8M | $-285.5M | ||
| Q4 24 | $986.0K | $-372.2M | ||
| Q3 24 | $23.3M | $-282.2M | ||
| Q2 24 | $-20.2M | $-174.9M | ||
| Q1 24 | $-11.9M | $-148.9M |
毛利率MCSWOLF
| Q4 25 | — | -46.5% | ||
| Q3 25 | — | -39.2% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | -12.1% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | — | -18.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 11.2% |
营业利润率MCSWOLF
| Q4 25 | 0.9% | -94.0% | ||
| Q3 25 | 10.8% | -82.0% | ||
| Q2 25 | 6.3% | -295.2% | ||
| Q1 25 | -13.7% | -104.9% | ||
| Q4 24 | -1.2% | -178.9% | ||
| Q3 24 | 14.1% | -118.2% | ||
| Q2 24 | 1.3% | -72.7% | ||
| Q1 24 | -12.0% | -53.0% |
净利率MCSWOLF
| Q4 25 | — | -89.4% | ||
| Q3 25 | 7.7% | -327.0% | ||
| Q2 25 | 3.6% | -339.7% | ||
| Q1 25 | -11.3% | -154.0% | ||
| Q4 24 | 0.5% | -206.2% | ||
| Q3 24 | 10.0% | -144.9% | ||
| Q2 24 | -11.5% | -87.1% | ||
| Q1 24 | -8.6% | -74.2% |
每股收益（稀释后）MCSWOLF
| Q4 25 | — | $-5.78 | ||
| Q3 25 | — | $-4.12 | ||
| Q2 25 | — | $-4.42 | ||
| Q1 25 | — | $-1.86 | ||
| Q4 24 | — | $-2.88 | ||
| Q3 24 | — | $-2.23 | ||
| Q2 24 | — | $-1.39 | ||
| Q1 24 | — | $-1.18 |
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 | $1.3B |
| 总债务越低越好 | $159.0M | $2.0B |
| 股东权益账面价值 | $457.4M | $627.4M |
| 总资产 | $1.0B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.35× | 3.13× |
8季度趋势，按日历期对齐
现金及短期投资MCSWOLF
| Q4 25 | $23.4M | $1.3B | ||
| Q3 25 | $7.4M | $926.0M | ||
| Q2 25 | $14.9M | $955.4M | ||
| Q1 25 | $11.9M | $1.3B | ||
| Q4 24 | $40.8M | $1.4B | ||
| Q3 24 | $28.4M | $1.7B | ||
| Q2 24 | $32.8M | $2.2B | ||
| Q1 24 | $17.3M | $2.6B |
总债务MCSWOLF
| Q4 25 | $159.0M | $2.0B | ||
| Q3 25 | $162.0M | $0 | ||
| Q2 25 | $179.9M | $6.5B | ||
| Q1 25 | $198.9M | $6.5B | ||
| Q4 24 | $159.1M | $6.4B | ||
| Q3 24 | $173.1M | $6.2B | ||
| Q2 24 | $175.7M | $6.2B | ||
| Q1 24 | $169.8M | — |
股东权益MCSWOLF
| Q4 25 | $457.4M | $627.4M | ||
| Q3 25 | $454.3M | $-1.1B | ||
| Q2 25 | $448.4M | $-447.1M | ||
| Q1 25 | $441.8M | $212.7M | ||
| Q4 24 | $464.9M | $372.6M | ||
| Q3 24 | $462.3M | $628.9M | ||
| Q2 24 | $449.4M | $882.1M | ||
| Q1 24 | $459.3M | $1.0B |
总资产MCSWOLF
| Q4 25 | $1.0B | $3.4B | ||
| Q3 25 | $1.0B | $6.6B | ||
| Q2 25 | $1.0B | $6.9B | ||
| Q1 25 | $1.0B | $7.6B | ||
| Q4 24 | $1.0B | $7.7B | ||
| Q3 24 | $1.0B | $7.9B | ||
| Q2 24 | $1.1B | $8.0B | ||
| Q1 24 | $1.0B | $7.7B |
负债/权益比MCSWOLF
| Q4 25 | 0.35× | 3.13× | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.45× | 30.61× | ||
| Q4 24 | 0.34× | 17.24× | ||
| Q3 24 | 0.37× | 9.81× | ||
| Q2 24 | 0.39× | 6.98× | ||
| 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 | $-42.6M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $-72.6M |
| 自由现金流率自由现金流/营收 | 13.6% | -43.1% |
| 资本支出强度资本支出/营收 | 11.6% | 17.8% |
| 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 | $-988.1M |
8季度趋势，按日历期对齐
经营现金流MCSWOLF
| Q4 25 | $48.8M | $-42.6M | ||
| Q3 25 | $39.1M | $5.7M | ||
| Q2 25 | $31.6M | $-242.5M | ||
| Q1 25 | $-35.3M | $-142.1M | ||
| Q4 24 | $52.6M | $-195.1M | ||
| Q3 24 | $30.5M | $-132.0M | ||
| Q2 24 | $36.0M | $-239.5M | ||
| Q1 24 | $-15.1M | $-136.2M |
自由现金流MCSWOLF
| Q4 25 | $26.4M | $-72.6M | ||
| Q3 25 | $18.2M | $-98.3M | ||
| Q2 25 | $14.7M | $-454.4M | ||
| Q1 25 | $-58.3M | $-362.8M | ||
| Q4 24 | $27.1M | $-596.9M | ||
| Q3 24 | $12.0M | $-569.0M | ||
| Q2 24 | $16.1M | $-883.8M | ||
| Q1 24 | $-30.5M | $-713.7M |
自由现金流率MCSWOLF
| Q4 25 | 13.6% | -43.1% | ||
| Q3 25 | 8.7% | -49.9% | ||
| Q2 25 | 7.1% | -230.7% | ||
| Q1 25 | -39.2% | -195.7% | ||
| Q4 24 | 14.4% | -330.7% | ||
| Q3 24 | 5.2% | -292.2% | ||
| Q2 24 | 9.2% | -440.4% | ||
| Q1 24 | -22.0% | -355.6% |
资本支出强度MCSWOLF
| Q4 25 | 11.6% | 17.8% | ||
| Q3 25 | 9.9% | 52.8% | ||
| Q2 25 | 8.2% | 107.6% | ||
| Q1 25 | 15.5% | 119.0% | ||
| Q4 24 | 13.5% | 222.6% | ||
| Q3 24 | 7.9% | 224.4% | ||
| Q2 24 | 11.3% | 321.0% | ||
| Q1 24 | 11.1% | 287.7% |
现金转化率MCSWOLF
| 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% |
WOLF
| Power Products | $118.3M | 70% |
| Materials Products | $50.2M | 30% |
