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艾奕康（ACM）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是艾奕康的1.2倍（$4.7B vs $3.8B），艾奕康净利率更高（1.9% vs 0.2%，领先1.7%），艾奕康同比增速更快（1.6% vs -0.6%），艾奕康自由现金流更多（$41.9M vs $-101.0M），过去两年艾奕康的营收复合增速更高（-1.4% vs -23.8%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
ACM vs M — 直观对比
营收规模更大
M
是对方的1.2倍
$3.8B
营收增速更快
ACM
高出2.2%
-0.6%
净利率更高
ACM
高出1.7%
0.2%
自由现金流更多
ACM
多$142.9M
$-101.0M
两年增速更快
ACM
近两年复合增速
-23.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.7B |
| 净利润 | $74.5M | $11.0M |
| 毛利率 | 7.3% | 39.4% |
| 营业利润率 | 5.8% | 0.9% |
| 净利率 | 1.9% | 0.2% |
| 营收同比 | 1.6% | -0.6% |
| 净利润同比 | -48.0% | -60.7% |
| 每股收益（稀释后） | $0.56 | $0.04 |
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ACMM
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $4.2B | $4.8B | ||
| Q2 25 | $4.2B | $4.6B | ||
| Q1 25 | $3.8B | $7.8B | ||
| Q4 24 | $4.0B | $4.7B | ||
| Q3 24 | $4.1B | $4.9B | ||
| Q2 24 | $4.2B | $4.8B |
净利润ACMM
| Q1 26 | $74.5M | — | ||
| Q4 25 | — | $11.0M | ||
| Q3 25 | $120.4M | $87.0M | ||
| Q2 25 | $131.0M | $38.0M | ||
| Q1 25 | $143.4M | $342.0M | ||
| Q4 24 | $167.0M | $28.0M | ||
| Q3 24 | $172.5M | $150.0M | ||
| Q2 24 | $134.3M | $62.0M |
毛利率ACMM
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | 39.4% | ||
| Q3 25 | 7.9% | 39.7% | ||
| Q2 25 | 7.8% | 39.2% | ||
| Q1 25 | 7.7% | 35.7% | ||
| Q4 24 | 6.7% | 39.6% | ||
| Q3 24 | 7.2% | 40.5% | ||
| Q2 24 | 6.9% | 39.2% |
营业利润率ACMM
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 5.7% | 3.1% | ||
| Q2 25 | 7.0% | 2.0% | ||
| Q1 25 | 6.8% | 6.4% | ||
| Q4 24 | 5.9% | 1.3% | ||
| Q3 24 | 5.8% | 4.5% | ||
| Q2 24 | 5.5% | 2.6% |
净利率ACMM
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 2.9% | 1.8% | ||
| Q2 25 | 3.1% | 0.8% | ||
| Q1 25 | 3.8% | 4.4% | ||
| Q4 24 | 4.2% | 0.6% | ||
| Q3 24 | 4.2% | 3.0% | ||
| Q2 24 | 3.2% | 1.3% |
每股收益（稀释后）ACMM
| Q1 26 | $0.56 | — | ||
| Q4 25 | — | $0.04 | ||
| Q3 25 | $0.90 | $0.31 | ||
| Q2 25 | $0.98 | $0.13 | ||
| Q1 25 | $1.08 | $1.22 | ||
| Q4 24 | $1.25 | $0.10 | ||
| Q3 24 | $1.27 | $0.53 | ||
| Q2 24 | $0.98 | $0.22 |
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 | $1.2B | $447.0M |
| 总债务越低越好 | $2.6B | $2.4B |
| 股东权益账面价值 | $2.2B | $4.3B |
| 总资产 | $11.9B | $17.1B |
| 负债/权益比越低杠杆越低 | 1.18× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资ACMM
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $447.0M | ||
| Q3 25 | $1.6B | $829.0M | ||
| Q2 25 | $1.8B | $932.0M | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $315.0M | ||
| Q3 24 | $1.6B | $646.0M | ||
| Q2 24 | $1.6B | $876.0M |
总债务ACMM
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.5B | $2.8B | ||
| Q1 25 | $2.5B | $2.8B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $2.5B | $3.0B | ||
| Q2 24 | $2.5B | $3.0B |
股东权益ACMM
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.5B | $4.5B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $2.3B | $4.6B | ||
| Q4 24 | $2.2B | $4.1B | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.3B | $4.2B |
总资产ACMM
| Q1 26 | $11.9B | — | ||
| Q4 25 | — | $17.1B | ||
| Q3 25 | $12.2B | $15.6B | ||
| Q2 25 | $12.3B | $16.1B | ||
| Q1 25 | $11.8B | $16.4B | ||
| Q4 24 | $11.8B | $17.3B | ||
| Q3 24 | $12.1B | $15.8B | ||
| Q2 24 | $12.0B | $16.4B |
负债/权益比ACMM
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | 0.56× | ||
| Q3 25 | 1.06× | 0.55× | ||
| Q2 25 | 0.99× | 0.62× | ||
| Q1 25 | 1.07× | 0.61× | ||
| Q4 24 | 1.11× | 0.67× | ||
| Q3 24 | 1.12× | 0.70× | ||
| Q2 24 | 1.07× | 0.72× |
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 | $70.2M | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $41.9M | $-101.0M |
| 自由现金流率自由现金流/营收 | 1.1% | -2.1% |
| 资本支出强度资本支出/营收 | 0.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.94× | -0.73× |
| 过去12个月自由现金流最近4个季度 | $616.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ACMM
| Q1 26 | $70.2M | — | ||
| Q4 25 | — | $-8.0M | ||
| Q3 25 | $196.1M | $319.0M | ||
| Q2 25 | $283.7M | $-64.0M | ||
| Q1 25 | $190.7M | $1.3B | ||
| Q4 24 | $151.1M | $-167.0M | ||
| Q3 24 | $298.8M | $8.0M | ||
| Q2 24 | $291.3M | $129.0M |
自由现金流ACMM
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $-101.0M | ||
| Q3 25 | $134.1M | $240.0M | ||
| Q2 25 | $261.7M | $-164.0M | ||
| Q1 25 | $178.3M | $1.2B | ||
| Q4 24 | $110.9M | $-295.0M | ||
| Q3 24 | $274.5M | $-109.0M | ||
| Q2 24 | $272.8M | $-25.0M |
自由现金流率ACMM
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | 3.2% | 5.0% | ||
| Q2 25 | 6.3% | -3.6% | ||
| Q1 25 | 4.7% | 15.3% | ||
| Q4 24 | 2.8% | -6.2% | ||
| Q3 24 | 6.7% | -2.2% | ||
| Q2 24 | 6.6% | -0.5% |
资本支出强度ACMM
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.5% | 1.6% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 1.0% | 2.7% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | 0.4% | 3.2% |
现金转化率ACMM
| Q1 26 | 0.94× | — | ||
| Q4 25 | — | -0.73× | ||
| Q3 25 | 1.63× | 3.67× | ||
| Q2 25 | 2.17× | -1.68× | ||
| Q1 25 | 1.33× | 3.82× | ||
| Q4 24 | 0.90× | -5.96× | ||
| Q3 24 | 1.73× | 0.05× | ||
| Q2 24 | 2.17× | 2.08× |
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
ACM
暂无分部数据
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
