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MARCUS CORP（MCS）与WisdomTree, Inc.（WT）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WisdomTree, Inc.的1.2倍（$193.5M vs $159.5M），WisdomTree, Inc.同比增速更快（47.5% vs 2.8%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
MCS vs WT — 直观对比
营收规模更大
MCS
是对方的1.2倍
$159.5M
营收增速更快
WT
高出44.8%
2.8%
两年增速更快
WT
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $159.5M |
| 净利润 | — | $40.6M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 37.2% |
| 净利率 | — | 25.5% |
| 营收同比 | 2.8% | 47.5% |
| 净利润同比 | — | 76.4% |
| 每股收益（稀释后） | — | $0.28 |
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MCSWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $193.5M | $147.4M | ||
| Q3 25 | $210.2M | $125.6M | ||
| Q2 25 | $206.0M | $112.6M | ||
| Q1 25 | $148.8M | $108.1M | ||
| Q4 24 | $188.3M | $110.7M | ||
| Q3 24 | $232.7M | $113.2M | ||
| Q2 24 | $176.0M | $107.0M |
净利润MCSWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | — | $40.0M | ||
| Q3 25 | $16.2M | $19.7M | ||
| Q2 25 | $7.3M | $24.8M | ||
| Q1 25 | $-16.8M | $24.6M | ||
| Q4 24 | $986.0K | $27.3M | ||
| Q3 24 | $23.3M | $-4.5M | ||
| Q2 24 | $-20.2M | $21.8M |
营业利润率MCSWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | 0.9% | 40.5% | ||
| Q3 25 | 10.8% | 36.3% | ||
| Q2 25 | 6.3% | 30.8% | ||
| Q1 25 | -13.7% | 31.6% | ||
| Q4 24 | -1.2% | 31.7% | ||
| Q3 24 | 14.1% | 36.0% | ||
| Q2 24 | 1.3% | 31.3% |
净利率MCSWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | 7.7% | 15.7% | ||
| Q2 25 | 3.6% | 22.0% | ||
| Q1 25 | -11.3% | 22.8% | ||
| Q4 24 | 0.5% | 24.7% | ||
| Q3 24 | 10.0% | -4.0% | ||
| Q2 24 | -11.5% | 20.3% |
每股收益（稀释后）MCSWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | — | $0.28 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $0.13 |
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 | — |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | — |
| 总资产 | $1.0B | $1.8B |
| 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MCSWT
| Q1 26 | — | — | ||
| Q4 25 | $23.4M | — | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $11.9M | — | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $28.4M | — | ||
| Q2 24 | $32.8M | $132.5M |
总债务MCSWT
| Q1 26 | — | — | ||
| 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 | — |
股东权益MCSWT
| Q1 26 | — | — | ||
| Q4 25 | $457.4M | $413.7M | ||
| Q3 25 | $454.3M | $373.4M | ||
| Q2 25 | $448.4M | $445.1M | ||
| Q1 25 | $441.8M | $415.6M | ||
| Q4 24 | $464.9M | $400.0M | ||
| Q3 24 | $462.3M | $374.9M | ||
| Q2 24 | $449.4M | $445.6M |
总资产MCSWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.1B | $964.1M |
负债/权益比MCSWT
| 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 | $18.0M |
| 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 | — | 0.44× |
| 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MCSWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $48.8M | $147.9M | ||
| Q3 25 | $39.1M | $48.1M | ||
| Q2 25 | $31.6M | $38.8M | ||
| Q1 25 | $-35.3M | $6.4M | ||
| Q4 24 | $52.6M | $113.5M | ||
| Q3 24 | $30.5M | $47.7M | ||
| Q2 24 | $36.0M | $32.2M |
自由现金流MCSWT
| Q1 26 | — | — | ||
| Q4 25 | $26.4M | $147.7M | ||
| Q3 25 | $18.2M | $48.0M | ||
| Q2 25 | $14.7M | $38.7M | ||
| Q1 25 | $-58.3M | $6.3M | ||
| Q4 24 | $27.1M | $113.3M | ||
| Q3 24 | $12.0M | $47.7M | ||
| Q2 24 | $16.1M | $32.2M |
自由现金流率MCSWT
| Q1 26 | — | — | ||
| Q4 25 | 13.6% | 100.2% | ||
| Q3 25 | 8.7% | 38.2% | ||
| Q2 25 | 7.1% | 34.4% | ||
| Q1 25 | -39.2% | 5.9% | ||
| Q4 24 | 14.4% | 102.4% | ||
| Q3 24 | 5.2% | 42.1% | ||
| Q2 24 | 9.2% | 30.1% |
资本支出强度MCSWT
| Q1 26 | — | — | ||
| Q4 25 | 11.6% | 0.1% | ||
| Q3 25 | 9.9% | 0.0% | ||
| Q2 25 | 8.2% | 0.1% | ||
| Q1 25 | 15.5% | 0.0% | ||
| Q4 24 | 13.5% | 0.1% | ||
| Q3 24 | 7.9% | 0.0% | ||
| Q2 24 | 11.3% | 0.0% |
现金转化率MCSWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 3.70× | ||
| Q3 25 | 2.41× | 2.44× | ||
| Q2 25 | 4.32× | 1.57× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 53.31× | 4.15× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | — | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
