vs
MERCURY GENERAL CORP（MCY）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
永利度假村的季度营收约是MERCURY GENERAL CORP的1.2倍（$1.9B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs 5.4%，领先7.8%），MERCURY GENERAL CORP同比增速更快（12.4% vs 1.5%），永利度假村自由现金流更多（$306.8M vs $273.9M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs 0.1%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
MCY vs WYNN — 直观对比
营收规模更大
WYNN
是对方的1.2倍
$1.5B
营收增速更快
MCY
高出10.9%
1.5%
净利率更高
MCY
高出7.8%
5.4%
自由现金流更多
WYNN
多$32.9M
$273.9M
两年增速更快
MCY
近两年复合增速
0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $202.5M | $100.0M |
| 毛利率 | 99.7% | — |
| 营业利润率 | 16.2% | 14.7% |
| 净利率 | 13.2% | 5.4% |
| 营收同比 | 12.4% | 1.5% |
| 净利润同比 | 100.4% | -63.9% |
| 每股收益（稀释后） | $3.66 | $0.96 |
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MCYWYNN
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.3B | $1.9B |
净利润MCYWYNN
| Q4 25 | $202.5M | $100.0M | ||
| Q3 25 | $280.4M | $88.3M | ||
| Q2 25 | $166.5M | $66.2M | ||
| Q1 25 | $-108.3M | $72.7M | ||
| Q4 24 | $101.1M | $277.0M | ||
| Q3 24 | $230.9M | $-32.1M | ||
| Q2 24 | $62.6M | $111.9M | ||
| Q1 24 | $73.5M | $144.2M |
毛利率MCYWYNN
| Q4 25 | 99.7% | — | ||
| Q3 25 | 99.8% | — | ||
| Q2 25 | 99.8% | — | ||
| Q1 25 | 99.7% | — | ||
| Q4 24 | 99.7% | — | ||
| Q3 24 | 99.8% | — | ||
| Q2 24 | 99.8% | — | ||
| Q1 24 | 99.7% | — |
营业利润率MCYWYNN
| Q4 25 | 16.2% | 14.7% | ||
| Q3 25 | 22.1% | 16.9% | ||
| Q2 25 | 14.0% | 15.2% | ||
| Q1 25 | -10.2% | 15.8% | ||
| Q4 24 | 9.0% | 20.0% | ||
| Q3 24 | 18.8% | 7.9% | ||
| Q2 24 | 5.8% | 15.6% | ||
| Q1 24 | 7.0% | 19.5% |
净利率MCYWYNN
| Q4 25 | 13.2% | 5.4% | ||
| Q3 25 | 17.7% | 4.8% | ||
| Q2 25 | 11.3% | 3.8% | ||
| Q1 25 | -7.8% | 4.3% | ||
| Q4 24 | 7.4% | 15.1% | ||
| Q3 24 | 15.1% | -1.9% | ||
| Q2 24 | 4.8% | 6.5% | ||
| Q1 24 | 5.8% | 7.7% |
每股收益（稀释后）MCYWYNN
| Q4 25 | $3.66 | $0.96 | ||
| Q3 25 | $5.06 | $0.85 | ||
| Q2 25 | $3.01 | $0.64 | ||
| Q1 25 | $-1.96 | $0.69 | ||
| Q4 24 | $1.82 | $2.43 | ||
| Q3 24 | $4.17 | $-0.29 | ||
| Q2 24 | $1.13 | $0.91 | ||
| Q1 24 | $1.33 | $1.30 |
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 | — | $1.5B |
| 总债务越低越好 | $575.0M | $10.5B |
| 股东权益账面价值 | $2.4B | $-275.5M |
| 总资产 | $9.6B | $13.1B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资MCYWYNN
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务MCYWYNN
| Q4 25 | $575.0M | $10.5B | ||
| Q3 25 | — | $10.6B | ||
| Q2 25 | — | $10.5B | ||
| Q1 25 | — | $10.6B | ||
| Q4 24 | $575.0M | $10.5B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.0B | ||
| Q1 24 | — | $11.2B |
股东权益MCYWYNN
| Q4 25 | $2.4B | $-275.5M | ||
| Q3 25 | $2.2B | $-370.0M | ||
| Q2 25 | $2.0B | $-441.5M | ||
| Q1 25 | $1.8B | $-360.7M | ||
| Q4 24 | $1.9B | $-224.2M | ||
| Q3 24 | $1.9B | $-281.4M | ||
| Q2 24 | $1.6B | $-109.8M | ||
| Q1 24 | $1.6B | $-137.0M |
总资产MCYWYNN
| Q4 25 | $9.6B | $13.1B | ||
| Q3 25 | $9.4B | $12.8B | ||
| Q2 25 | $9.1B | $12.7B | ||
| Q1 25 | $9.0B | $12.7B | ||
| Q4 24 | $8.3B | $13.0B | ||
| Q3 24 | $8.2B | $14.1B | ||
| Q2 24 | $7.7B | $13.3B | ||
| Q1 24 | $7.4B | $13.5B |
负债/权益比MCYWYNN
| Q4 25 | 0.24× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $287.9M | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $306.8M |
| 自由现金流率自由现金流/营收 | 17.8% | 16.4% |
| 资本支出强度资本支出/营收 | 0.9% | 9.2% |
| 现金转化率经营现金流/净利润 | 1.42× | 4.78× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $692.2M |
8季度趋势，按日历期对齐
经营现金流MCYWYNN
| Q4 25 | $287.9M | $478.0M | ||
| Q3 25 | $496.4M | $335.8M | ||
| Q2 25 | $371.6M | $405.1M | ||
| Q1 25 | $-68.7M | $133.8M | ||
| Q4 24 | $248.3M | $479.0M | ||
| Q3 24 | $318.1M | $279.3M | ||
| Q2 24 | $278.0M | $352.8M | ||
| Q1 24 | $192.6M | $315.1M |
自由现金流MCYWYNN
| Q4 25 | $273.9M | $306.8M | ||
| Q3 25 | $479.5M | $171.8M | ||
| Q2 25 | $357.2M | $239.8M | ||
| Q1 25 | $-81.9M | $-26.2M | ||
| Q4 24 | $236.0M | $351.8M | ||
| Q3 24 | $306.2M | $178.0M | ||
| Q2 24 | $266.5M | $259.1M | ||
| Q1 24 | $182.4M | $217.4M |
自由现金流率MCYWYNN
| Q4 25 | 17.8% | 16.4% | ||
| Q3 25 | 30.3% | 9.4% | ||
| Q2 25 | 24.2% | 13.8% | ||
| Q1 25 | -5.9% | -1.5% | ||
| Q4 24 | 17.3% | 19.1% | ||
| Q3 24 | 20.0% | 10.5% | ||
| Q2 24 | 20.4% | 15.0% | ||
| Q1 24 | 14.3% | 11.7% |
资本支出强度MCYWYNN
| Q4 25 | 0.9% | 9.2% | ||
| Q3 25 | 1.1% | 8.9% | ||
| Q2 25 | 1.0% | 9.5% | ||
| Q1 25 | 0.9% | 9.4% | ||
| Q4 24 | 0.9% | 6.9% | ||
| Q3 24 | 0.8% | 6.0% | ||
| Q2 24 | 0.9% | 5.4% | ||
| Q1 24 | 0.8% | 5.2% |
现金转化率MCYWYNN
| Q4 25 | 1.42× | 4.78× | ||
| Q3 25 | 1.77× | 3.80× | ||
| Q2 25 | 2.23× | 6.12× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | 2.46× | 1.73× | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 4.44× | 3.15× | ||
| Q1 24 | 2.62× | 2.18× |
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
MCY
暂无分部数据
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
