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APOGEE ENTERPRISES, INC.（APOG）与MACERICH CO（MAC）财务数据对比。点击上方公司名可切换其他公司
APOGEE ENTERPRISES, INC.的季度营收约是MACERICH CO的1.3倍（$351.4M vs $261.7M），APOGEE ENTERPRISES, INC.净利率更高（4.7% vs -7.2%，领先11.9%），APOGEE ENTERPRISES, INC.同比增速更快（1.6% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 2.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs MAC — 直观对比
营收规模更大
APOG
是对方的1.3倍
$261.7M
营收增速更快
APOG
高出6.0%
-4.4%
净利率更高
APOG
高出11.9%
-7.2%
两年增速更快
MAC
近两年复合增速
2.9%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $261.7M |
| 净利润 | $16.6M | $-18.8M |
| 毛利率 | 22.4% | — |
| 营业利润率 | 7.3% | — |
| 净利率 | 4.7% | -7.2% |
| 营收同比 | 1.6% | -4.4% |
| 净利润同比 | 568.8% | 91.1% |
| 每股收益（稀释后） | $0.78 | $-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APOGMAC
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $261.7M | ||
| Q3 25 | $358.2M | $253.3M | ||
| Q2 25 | $346.6M | $249.8M | ||
| Q1 25 | $345.7M | $249.2M | ||
| Q4 24 | $341.3M | $273.7M | ||
| Q3 24 | $342.4M | $220.2M | ||
| Q2 24 | $331.5M | $215.5M |
净利润APOGMAC
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-18.8M | ||
| Q3 25 | $23.6M | $-87.4M | ||
| Q2 25 | $-2.7M | $-40.9M | ||
| Q1 25 | $2.5M | $-50.1M | ||
| Q4 24 | $21.0M | $-211.2M | ||
| Q3 24 | $30.6M | $-108.2M | ||
| Q2 24 | $31.0M | $252.0M |
毛利率APOGMAC
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
营业利润率APOGMAC
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.5% | — |
净利率APOGMAC
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -7.2% | ||
| Q3 25 | 6.6% | -34.5% | ||
| Q2 25 | -0.8% | -16.4% | ||
| Q1 25 | 0.7% | -20.1% | ||
| Q4 24 | 6.1% | -77.2% | ||
| Q3 24 | 8.9% | -49.1% | ||
| Q2 24 | 9.4% | 116.9% |
每股收益（稀释后）APOGMAC
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.08 | ||
| Q3 25 | $1.10 | $-0.34 | ||
| Q2 25 | $-0.13 | $-0.16 | ||
| Q1 25 | $0.12 | $-0.20 | ||
| Q4 24 | $0.96 | $-0.95 | ||
| Q3 24 | $1.40 | $-0.50 | ||
| Q2 24 | $1.41 | $1.16 |
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 | $39.5M | $280.2M |
| 总债务越低越好 | $232.3M | $5.1B |
| 股东权益账面价值 | $511.8M | $2.4B |
| 总资产 | $1.1B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.45× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资APOGMAC
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $280.2M | ||
| Q3 25 | $39.5M | $290.2M | ||
| Q2 25 | $32.8M | $131.1M | ||
| Q1 25 | $41.4M | $253.2M | ||
| Q4 24 | $43.9M | $89.9M | ||
| Q3 24 | $51.0M | $116.5M | ||
| Q2 24 | $30.4M | $70.7M |
总债务APOGMAC
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | $285.0M | $5.2B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B |
股东权益APOGMAC
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $2.4B | ||
| Q3 25 | $500.2M | $2.5B | ||
| Q2 25 | $481.8M | $2.6B | ||
| Q1 25 | $487.9M | $2.7B | ||
| Q4 24 | $522.1M | $2.8B | ||
| Q3 24 | $506.4M | $2.5B | ||
| Q2 24 | $480.0M | $2.5B |
总资产APOGMAC
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $8.4B | ||
| Q3 25 | $1.2B | $8.4B | ||
| Q2 25 | $1.2B | $8.7B | ||
| Q1 25 | $1.2B | $8.7B | ||
| Q4 24 | $1.2B | $8.6B | ||
| Q3 24 | $917.1M | $7.6B | ||
| Q2 24 | $889.0M | $7.8B |
负债/权益比APOGMAC
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | 0.58× | 1.96× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.75× |
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 | $122.5M | $50.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 7.8% | — |
| 现金转化率经营现金流/净利润 | 7.37× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APOGMAC
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $50.2M | ||
| Q3 25 | $57.1M | $112.4M | ||
| Q2 25 | $-19.8M | $70.5M | ||
| Q1 25 | $30.0M | $88.5M | ||
| Q4 24 | $31.0M | $54.9M | ||
| Q3 24 | $58.7M | $100.0M | ||
| Q2 24 | $5.5M | $67.4M |
自由现金流APOGMAC
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | — |
自由现金流率APOGMAC
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | — |
资本支出强度APOGMAC
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | — |
现金转化率APOGMAC
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | 0.27× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
MAC
暂无分部数据
