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Marcus & Millichap, Inc.（MMI）与ROGERS CORP（ROG）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ROGERS CORP的1.2倍（$243.9M vs $200.5M），Marcus & Millichap, Inc.净利率更高（5.5% vs 2.2%，领先3.2%），ROGERS CORP同比增速更快（5.2% vs 1.6%），Marcus & Millichap, Inc.自由现金流更多（$43.9M vs $1.1M），过去两年Marcus & Millichap, Inc.的营收复合增速更高（37.5% vs -3.3%）
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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
MMI vs ROG — 直观对比
营收规模更大
MMI
是对方的1.2倍
$200.5M
营收增速更快
ROG
高出3.6%
1.6%
净利率更高
MMI
高出3.2%
2.2%
自由现金流更多
MMI
多$42.8M
$1.1M
两年增速更快
MMI
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $243.9M | $200.5M |
| 净利润 | $13.3M | $4.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | 6.3% | — |
| 净利率 | 5.5% | 2.2% |
| 营收同比 | 1.6% | 5.2% |
| 净利润同比 | 55.7% | 421.4% |
| 每股收益（稀释后） | $0.33 | $0.25 |
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MMIROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $243.9M | $201.5M | ||
| Q3 25 | $193.9M | $216.0M | ||
| Q2 25 | $172.3M | $202.8M | ||
| Q1 25 | $145.0M | $190.5M | ||
| Q4 24 | $240.1M | $192.2M | ||
| Q3 24 | $168.5M | $210.3M | ||
| Q2 24 | $158.4M | $214.2M |
净利润MMIROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $13.3M | $4.6M | ||
| Q3 25 | $240.0K | $8.6M | ||
| Q2 25 | $-11.0M | $-73.6M | ||
| Q1 25 | $-4.4M | $-1.4M | ||
| Q4 24 | $8.5M | $-500.0K | ||
| Q3 24 | $-5.4M | $10.7M | ||
| Q2 24 | $-5.5M | $8.1M |
毛利率MMIROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
营业利润率MMIROG
| Q1 26 | — | — | ||
| Q4 25 | 6.3% | 3.5% | ||
| Q3 25 | -1.2% | 7.3% | ||
| Q2 25 | -5.3% | -33.3% | ||
| Q1 25 | -12.2% | -0.2% | ||
| Q4 24 | 2.8% | -6.6% | ||
| Q3 24 | -6.8% | 6.9% | ||
| Q2 24 | -5.1% | 5.3% |
净利率MMIROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | 5.5% | 2.3% | ||
| Q3 25 | 0.1% | 4.0% | ||
| Q2 25 | -6.4% | -36.3% | ||
| Q1 25 | -3.0% | -0.7% | ||
| Q4 24 | 3.6% | -0.3% | ||
| Q3 24 | -3.2% | 5.1% | ||
| Q2 24 | -3.5% | 3.8% |
每股收益（稀释后）MMIROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.33 | $0.20 | ||
| Q3 25 | $0.01 | $0.48 | ||
| Q2 25 | $-0.28 | $-4.00 | ||
| Q1 25 | $-0.11 | $-0.08 | ||
| Q4 24 | $0.22 | $-0.04 | ||
| Q3 24 | $-0.14 | $0.58 | ||
| Q2 24 | $-0.14 | $0.44 |
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 | — | $195.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $603.1M | $1.2B |
| 总资产 | $827.2M | $1.4B |
| 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MMIROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | — | $197.0M | ||
| Q3 25 | — | $167.8M | ||
| Q2 25 | — | $157.2M | ||
| Q1 25 | — | $175.6M | ||
| Q4 24 | — | $159.8M | ||
| Q3 24 | — | $146.4M | ||
| Q2 24 | — | $119.9M |
股东权益MMIROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $603.1M | $1.2B | ||
| Q3 25 | $602.2M | $1.2B | ||
| Q2 25 | $607.8M | $1.2B | ||
| Q1 25 | $617.6M | $1.3B | ||
| Q4 24 | $630.8M | $1.3B | ||
| Q3 24 | $617.7M | $1.3B | ||
| Q2 24 | $626.7M | $1.3B |
总资产MMIROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $827.2M | $1.4B | ||
| Q3 25 | $812.5M | $1.4B | ||
| Q2 25 | $792.2M | $1.5B | ||
| Q1 25 | $802.0M | $1.5B | ||
| Q4 24 | $869.8M | $1.5B | ||
| Q3 24 | $833.7M | $1.5B | ||
| Q2 24 | $825.4M | $1.5B |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $43.9M | $1.1M |
| 自由现金流率自由现金流/营收 | 18.0% | 0.5% |
| 资本支出强度资本支出/营收 | 1.0% | 2.3% |
| 现金转化率经营现金流/净利润 | 3.48× | 1.29× |
| 过去12个月自由现金流最近4个季度 | $58.8M | $70.1M |
8季度趋势，按日历期对齐
经营现金流MMIROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $46.3M | $46.9M | ||
| Q3 25 | $52.2M | $28.9M | ||
| Q2 25 | $21.0M | $13.7M | ||
| Q1 25 | $-52.8M | $11.7M | ||
| Q4 24 | $56.7M | $33.7M | ||
| Q3 24 | $15.2M | $42.4M | ||
| Q2 24 | $851.0K | $22.9M |
自由现金流MMIROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $43.9M | $42.2M | ||
| Q3 25 | $50.0M | $21.2M | ||
| Q2 25 | $19.3M | $5.6M | ||
| Q1 25 | $-54.3M | $2.1M | ||
| Q4 24 | $55.1M | $18.3M | ||
| Q3 24 | $13.2M | $25.2M | ||
| Q2 24 | $-806.0K | $8.8M |
自由现金流率MMIROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | 18.0% | 20.9% | ||
| Q3 25 | 25.8% | 9.8% | ||
| Q2 25 | 11.2% | 2.8% | ||
| Q1 25 | -37.5% | 1.1% | ||
| Q4 24 | 23.0% | 9.5% | ||
| Q3 24 | 7.8% | 12.0% | ||
| Q2 24 | -0.5% | 4.1% |
资本支出强度MMIROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 1.0% | 2.3% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 1.0% | 4.0% | ||
| Q1 25 | 1.0% | 5.0% | ||
| Q4 24 | 0.6% | 8.0% | ||
| Q3 24 | 1.2% | 8.2% | ||
| Q2 24 | 1.0% | 6.6% |
现金转化率MMIROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | 3.48× | 10.20× | ||
| Q3 25 | 217.54× | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.63× | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
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% |
ROG
暂无分部数据
