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派拓网络（ALTO）与MACERICH CO（MAC）财务数据对比。点击上方公司名可切换其他公司
MACERICH CO的季度营收约是派拓网络的1.1倍（$261.7M vs $232.0M），派拓网络净利率更高（9.4% vs -7.2%，领先16.6%），派拓网络同比增速更快（-1.9% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -1.8%）
帕洛阿尔托网络公司是一家总部位于加利福尼亚州圣克拉拉的美国跨国网络安全企业，核心业务为提供包含高级防火墙的网络安全平台，以及基于云的拓展安全服务。目前公司业务覆盖全球150多个国家，服务超过7万家机构，其中包括财富美国100强中的85家企业，旗下拥有威胁研究团队Unit 42，并主办网络安全会议Ignite。
Macerich是一家专注于购物中心投资的房地产投资信托基金，为美国第三大购物中心持有及运营商。截至2024年12月31日，公司共持有43处物业的权益，可租赁总面积达4300万平方英尺，公司名称由创始人Mace Siegel与Richard Cohen的名字组合而来。
ALTO vs MAC — 直观对比
营收规模更大
MAC
是对方的1.1倍
$232.0M
营收增速更快
ALTO
高出2.5%
-4.4%
净利率更高
ALTO
高出16.6%
-7.2%
两年增速更快
MAC
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $232.0M | $261.7M |
| 净利润 | $21.8M | $-18.8M |
| 毛利率 | 6.5% | — |
| 营业利润率 | 3.2% | — |
| 净利率 | 9.4% | -7.2% |
| 营收同比 | -1.9% | -4.4% |
| 净利润同比 | 152.3% | 91.1% |
| 每股收益（稀释后） | $0.28 | $-0.08 |
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ALTOMAC
| Q4 25 | $232.0M | $261.7M | ||
| Q3 25 | $241.0M | $253.3M | ||
| Q2 25 | $218.4M | $249.8M | ||
| Q1 25 | $226.5M | $249.2M | ||
| Q4 24 | $236.3M | $273.7M | ||
| Q3 24 | $251.8M | $220.2M | ||
| Q2 24 | $236.5M | $215.5M | ||
| Q1 24 | $240.6M | $208.8M |
净利润ALTOMAC
| Q4 25 | $21.8M | $-18.8M | ||
| Q3 25 | $14.2M | $-87.4M | ||
| Q2 25 | $-11.0M | $-40.9M | ||
| Q1 25 | $-11.7M | $-50.1M | ||
| Q4 24 | $-41.7M | $-211.2M | ||
| Q3 24 | $-2.4M | $-108.2M | ||
| Q2 24 | $-3.1M | $252.0M | ||
| Q1 24 | $-11.7M | $-126.7M |
毛利率ALTOMAC
| Q4 25 | 6.5% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | -1.0% | — |
营业利润率ALTOMAC
| Q4 25 | 3.2% | — | ||
| Q3 25 | 7.0% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | -16.6% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -0.6% | — | ||
| Q1 24 | -4.3% | — |
净利率ALTOMAC
| Q4 25 | 9.4% | -7.2% | ||
| Q3 25 | 5.9% | -34.5% | ||
| Q2 25 | -5.0% | -16.4% | ||
| Q1 25 | -5.2% | -20.1% | ||
| Q4 24 | -17.6% | -77.2% | ||
| Q3 24 | -1.0% | -49.1% | ||
| Q2 24 | -1.3% | 116.9% | ||
| Q1 24 | -4.9% | -60.7% |
每股收益（稀释后）ALTOMAC
| Q4 25 | $0.28 | $-0.08 | ||
| Q3 25 | $0.19 | $-0.34 | ||
| Q2 25 | $-0.15 | $-0.16 | ||
| Q1 25 | $-0.16 | $-0.20 | ||
| Q4 24 | $-0.56 | $-0.95 | ||
| Q3 24 | $-0.04 | $-0.50 | ||
| Q2 24 | $-0.05 | $1.16 | ||
| Q1 24 | $-0.17 | $-0.59 |
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 | $280.2M |
| 总债务越低越好 | $84.6M | $5.1B |
| 股东权益账面价值 | $245.2M | $2.4B |
| 总资产 | $388.8M | $8.4B |
| 负债/权益比越低杠杆越低 | 0.34× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资ALTOMAC
| Q4 25 | $23.4M | $280.2M | ||
| Q3 25 | $32.5M | $290.2M | ||
| Q2 25 | $29.8M | $131.1M | ||
| Q1 25 | $26.8M | $253.2M | ||
| Q4 24 | $35.5M | $89.9M | ||
| Q3 24 | $33.6M | $116.5M | ||
| Q2 24 | $27.1M | $70.7M | ||
| Q1 24 | $29.3M | $120.1M |
总债务ALTOMAC
| Q4 25 | $84.6M | $5.1B | ||
| Q3 25 | $106.0M | $5.1B | ||
| Q2 25 | $124.2M | $5.2B | ||
| Q1 25 | $117.0M | $5.2B | ||
| Q4 24 | $99.7M | $4.9B | ||
| Q3 24 | $90.6M | $4.3B | ||
| Q2 24 | $98.6M | $4.4B | ||
| Q1 24 | $92.2M | $4.1B |
股东权益ALTOMAC
| Q4 25 | $245.2M | $2.4B | ||
| Q3 25 | $222.4M | $2.5B | ||
| Q2 25 | $207.8M | $2.6B | ||
| Q1 25 | $213.9M | $2.7B | ||
| Q4 24 | $225.1M | $2.8B | ||
| Q3 24 | $263.9M | $2.5B | ||
| Q2 24 | $265.8M | $2.5B | ||
| Q1 24 | $268.7M | $2.3B |
总资产ALTOMAC
| Q4 25 | $388.8M | $8.4B | ||
| Q3 25 | $388.5M | $8.4B | ||
| Q2 25 | $393.1M | $8.7B | ||
| Q1 25 | $402.2M | $8.7B | ||
| Q4 24 | $401.4M | $8.6B | ||
| Q3 24 | $417.4M | $7.6B | ||
| Q2 24 | $432.5M | $7.8B | ||
| Q1 24 | $434.6M | $7.4B |
负债/权益比ALTOMAC
| Q4 25 | 0.34× | 2.07× | ||
| Q3 25 | 0.48× | 2.02× | ||
| Q2 25 | 0.60× | 2.02× | ||
| Q1 25 | 0.55× | 1.96× | ||
| Q4 24 | 0.44× | 1.78× | ||
| Q3 24 | 0.34× | 1.73× | ||
| Q2 24 | 0.37× | 1.75× | ||
| Q1 24 | 0.34× | 1.79× |
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 | $9.5M | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $7.6M | — |
| 自由现金流率自由现金流/营收 | 3.3% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 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 | $8.6M | — |
8季度趋势，按日历期对齐
经营现金流ALTOMAC
| Q4 25 | $9.5M | $50.2M | ||
| Q3 25 | $22.8M | $112.4M | ||
| Q2 25 | $-848.0K | $70.5M | ||
| Q1 25 | $-18.2M | $88.5M | ||
| Q4 24 | $-9.8M | $54.9M | ||
| Q3 24 | $18.6M | $100.0M | ||
| Q2 24 | $-13.7M | $67.4M | ||
| Q1 24 | $1.4M | $61.1M |
自由现金流ALTOMAC
| Q4 25 | $7.6M | — | ||
| Q3 25 | $21.2M | — | ||
| Q2 25 | $-1.3M | — | ||
| Q1 25 | $-18.8M | — | ||
| Q4 24 | $-11.1M | — | ||
| Q3 24 | $18.1M | — | ||
| Q2 24 | $-18.4M | — | ||
| Q1 24 | $-3.2M | — |
自由现金流率ALTOMAC
| Q4 25 | 3.3% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | -0.6% | — | ||
| Q1 25 | -8.3% | — | ||
| Q4 24 | -4.7% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | -7.8% | — | ||
| Q1 24 | -1.3% | — |
资本支出强度ALTOMAC
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 1.9% | — |
现金转化率ALTOMAC
| Q4 25 | 0.44× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.27× | ||
| 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
ALTO
| Pekin Campus Production | $105.1M | 45% |
| Total Marketing And Distribution Sales | $57.9M | 25% |
| Marketing And Distributions | $55.6M | 24% |
| Other | $11.2M | 5% |
| Kodiak Carbonic LLC | $2.1M | 1% |
MAC
暂无分部数据
