vs
Marcus & Millichap, Inc.（MMI）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Marcus & Millichap, Inc.的季度营收约是Ranger Energy Services, Inc.的1.7倍（$243.9M vs $142.2M），Marcus & Millichap, Inc.净利率更高（5.5% vs 2.3%，领先3.2%），Marcus & Millichap, Inc.同比增速更快（1.6% vs -0.6%），Marcus & Millichap, Inc.自由现金流更多（$43.9M vs $17.1M），过去两年Marcus & Millichap, Inc.的营收复合增速更高（37.5% vs 1.9%）
马库斯-米利查普是一家美国商业地产服务企业，在美国和加拿大开展业务，核心服务涵盖商业地产经纪、抵押贷款经纪、市场研究及顾问咨询，业内首创了单经纪机构独家代理房源挂牌模式，目前在美加两国设有超过80家办事处，员工规模超1800人。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
MMI vs RNGR — 直观对比
营收规模更大
MMI
是对方的1.7倍
$142.2M
营收增速更快
MMI
高出2.2%
-0.6%
净利率更高
MMI
高出3.2%
2.3%
自由现金流更多
MMI
多$26.8M
$17.1M
两年增速更快
MMI
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $243.9M | $142.2M |
| 净利润 | $13.3M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 2.3% |
| 净利率 | 5.5% | 2.3% |
| 营收同比 | 1.6% | -0.6% |
| 净利润同比 | 55.7% | -44.8% |
| 每股收益（稀释后） | $0.33 | $0.14 |
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MMIRNGR
| Q4 25 | $243.9M | $142.2M | ||
| Q3 25 | $193.9M | $128.9M | ||
| Q2 25 | $172.3M | $140.6M | ||
| Q1 25 | $145.0M | $135.2M | ||
| Q4 24 | $240.1M | $143.1M | ||
| Q3 24 | $168.5M | $153.0M | ||
| Q2 24 | $158.4M | $138.1M | ||
| Q1 24 | $129.1M | $136.9M |
净利润MMIRNGR
| Q4 25 | $13.3M | $3.2M | ||
| Q3 25 | $240.0K | $1.2M | ||
| Q2 25 | $-11.0M | $7.3M | ||
| Q1 25 | $-4.4M | $600.0K | ||
| Q4 24 | $8.5M | $5.8M | ||
| Q3 24 | $-5.4M | $8.7M | ||
| Q2 24 | $-5.5M | $4.7M | ||
| Q1 24 | $-10.0M | $-800.0K |
营业利润率MMIRNGR
| Q4 25 | 6.3% | 2.3% | ||
| Q3 25 | -1.2% | 2.0% | ||
| Q2 25 | -5.3% | 6.1% | ||
| Q1 25 | -12.2% | 0.7% | ||
| Q4 24 | 2.8% | 6.2% | ||
| Q3 24 | -6.8% | 8.4% | ||
| Q2 24 | -5.1% | 5.3% | ||
| Q1 24 | -15.6% | -0.4% |
净利率MMIRNGR
| Q4 25 | 5.5% | 2.3% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | -6.4% | 5.2% | ||
| Q1 25 | -3.0% | 0.4% | ||
| Q4 24 | 3.6% | 4.1% | ||
| Q3 24 | -3.2% | 5.7% | ||
| Q2 24 | -3.5% | 3.4% | ||
| Q1 24 | -7.7% | -0.6% |
每股收益（稀释后）MMIRNGR
| Q4 25 | $0.33 | $0.14 | ||
| Q3 25 | $0.01 | $0.05 | ||
| Q2 25 | $-0.28 | $0.32 | ||
| Q1 25 | $-0.11 | $0.03 | ||
| Q4 24 | $0.22 | $0.24 | ||
| Q3 24 | $-0.14 | $0.39 | ||
| Q2 24 | $-0.14 | $0.21 | ||
| Q1 24 | $-0.26 | $-0.03 |
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 | — | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $603.1M | $300.1M |
| 总资产 | $827.2M | $419.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MMIRNGR
| Q4 25 | — | $10.3M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $48.9M | ||
| Q1 25 | — | $40.3M | ||
| Q4 24 | — | $40.9M | ||
| Q3 24 | — | $14.8M | ||
| Q2 24 | — | $8.7M | ||
| Q1 24 | — | $11.1M |
总债务MMIRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益MMIRNGR
| Q4 25 | $603.1M | $300.1M | ||
| Q3 25 | $602.2M | $270.0M | ||
| Q2 25 | $607.8M | $276.9M | ||
| Q1 25 | $617.6M | $272.6M | ||
| Q4 24 | $630.8M | $273.8M | ||
| Q3 24 | $617.7M | $267.6M | ||
| Q2 24 | $626.7M | $260.5M | ||
| Q1 24 | $625.6M | $261.7M |
总资产MMIRNGR
| Q4 25 | $827.2M | $419.3M | ||
| Q3 25 | $812.5M | $372.8M | ||
| Q2 25 | $792.2M | $381.7M | ||
| Q1 25 | $802.0M | $376.5M | ||
| Q4 24 | $869.8M | $381.6M | ||
| Q3 24 | $833.7M | $373.9M | ||
| Q2 24 | $825.4M | $359.6M | ||
| Q1 24 | $826.7M | $355.5M |
负债/权益比MMIRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $46.3M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $43.9M | $17.1M |
| 自由现金流率自由现金流/营收 | 18.0% | 12.0% |
| 资本支出强度资本支出/营收 | 1.0% | 4.9% |
| 现金转化率经营现金流/净利润 | 3.48× | 7.53× |
| 过去12个月自由现金流最近4个季度 | $58.8M | $42.9M |
8季度趋势，按日历期对齐
经营现金流MMIRNGR
| Q4 25 | $46.3M | $24.1M | ||
| Q3 25 | $52.2M | $13.6M | ||
| Q2 25 | $21.0M | $20.7M | ||
| Q1 25 | $-52.8M | $10.6M | ||
| Q4 24 | $56.7M | $32.7M | ||
| Q3 24 | $15.2M | $17.7M | ||
| Q2 24 | $851.0K | $22.1M | ||
| Q1 24 | $-51.0M | $12.0M |
自由现金流MMIRNGR
| Q4 25 | $43.9M | $17.1M | ||
| Q3 25 | $50.0M | $8.0M | ||
| Q2 25 | $19.3M | $14.4M | ||
| Q1 25 | $-54.3M | $3.4M | ||
| Q4 24 | $55.1M | $27.3M | ||
| Q3 24 | $13.2M | $10.8M | ||
| Q2 24 | $-806.0K | $6.8M | ||
| Q1 24 | $-53.7M | $5.5M |
自由现金流率MMIRNGR
| Q4 25 | 18.0% | 12.0% | ||
| Q3 25 | 25.8% | 6.2% | ||
| Q2 25 | 11.2% | 10.2% | ||
| Q1 25 | -37.5% | 2.5% | ||
| Q4 24 | 23.0% | 19.1% | ||
| Q3 24 | 7.8% | 7.1% | ||
| Q2 24 | -0.5% | 4.9% | ||
| Q1 24 | -41.6% | 4.0% |
资本支出强度MMIRNGR
| Q4 25 | 1.0% | 4.9% | ||
| Q3 25 | 1.2% | 4.3% | ||
| Q2 25 | 1.0% | 4.5% | ||
| Q1 25 | 1.0% | 5.3% | ||
| Q4 24 | 0.6% | 3.8% | ||
| Q3 24 | 1.2% | 4.5% | ||
| Q2 24 | 1.0% | 11.1% | ||
| Q1 24 | 2.0% | 4.7% |
现金转化率MMIRNGR
| Q4 25 | 3.48× | 7.53× | ||
| Q3 25 | 217.54× | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | 6.63× | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| 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
MMI
| Real Estate Brokerage Commissions | $205.3M | 84% |
| Financing Fees | $33.2M | 14% |
| Other Revenues | $5.4M | 2% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
