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Bandwidth Inc.（BAND）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Bandwidth Inc.的1.3倍（$261.7M vs $208.8M），Bandwidth Inc.净利率更高（1.9% vs -7.2%，领先9.1%），Bandwidth Inc.同比增速更快（20.1% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
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。
BAND vs MAC — 直观对比
营收规模更大
MAC
是对方的1.3倍
$208.8M
营收增速更快
BAND
高出24.5%
-4.4%
净利率更高
BAND
高出9.1%
-7.2%
两年增速更快
MAC
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $261.7M |
| 净利润 | $4.0M | $-18.8M |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | — |
| 净利率 | 1.9% | -7.2% |
| 营收同比 | 20.1% | -4.4% |
| 净利润同比 | 200.0% | 91.1% |
| 每股收益（稀释后） | $-0.08 | $-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BANDMAC
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $261.7M | ||
| Q3 25 | $191.9M | $253.3M | ||
| Q2 25 | $180.0M | $249.8M | ||
| Q1 25 | $174.2M | $249.2M | ||
| Q4 24 | $210.0M | $273.7M | ||
| Q3 24 | $193.9M | $220.2M | ||
| Q2 24 | $173.6M | $215.5M |
净利润BANDMAC
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-18.8M | ||
| Q3 25 | $-1.2M | $-87.4M | ||
| Q2 25 | $-4.9M | $-40.9M | ||
| Q1 25 | $-3.7M | $-50.1M | ||
| Q4 24 | — | $-211.2M | ||
| Q3 24 | $413.0K | $-108.2M | ||
| Q2 24 | $4.1M | $252.0M |
毛利率BANDMAC
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
营业利润率BANDMAC
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -2.1% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | -0.5% | — | ||
| Q2 24 | -3.5% | — |
净利率BANDMAC
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -7.2% | ||
| Q3 25 | -0.6% | -34.5% | ||
| Q2 25 | -2.7% | -16.4% | ||
| Q1 25 | -2.1% | -20.1% | ||
| Q4 24 | — | -77.2% | ||
| Q3 24 | 0.2% | -49.1% | ||
| Q2 24 | 2.3% | 116.9% |
每股收益（稀释后）BANDMAC
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.08 | ||
| Q3 25 | $-0.04 | $-0.34 | ||
| Q2 25 | $-0.16 | $-0.16 | ||
| Q1 25 | $-0.13 | $-0.20 | ||
| Q4 24 | $0.27 | $-0.95 | ||
| Q3 24 | $0.01 | $-0.50 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | $280.2M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $405.7M | $2.4B |
| 总资产 | $984.2M | $8.4B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资BANDMAC
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $280.2M | ||
| Q3 25 | $80.4M | $290.2M | ||
| Q2 25 | $68.1M | $131.1M | ||
| Q1 25 | $41.7M | $253.2M | ||
| Q4 24 | $83.8M | $89.9M | ||
| Q3 24 | $79.9M | $116.5M | ||
| Q2 24 | $76.4M | $70.7M |
总债务BANDMAC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B |
股东权益BANDMAC
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $2.4B | ||
| Q3 25 | $392.7M | $2.5B | ||
| Q2 25 | $384.5M | $2.6B | ||
| Q1 25 | $345.4M | $2.7B | ||
| Q4 24 | $312.5M | $2.8B | ||
| Q3 24 | $336.6M | $2.5B | ||
| Q2 24 | $307.4M | $2.5B |
总资产BANDMAC
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $8.4B | ||
| Q3 25 | $1.0B | $8.4B | ||
| Q2 25 | $1.0B | $8.7B | ||
| Q1 25 | $964.4M | $8.7B | ||
| Q4 24 | $989.2M | $8.6B | ||
| Q3 24 | $1.0B | $7.6B | ||
| Q2 24 | $1.0B | $7.8B |
负债/权益比BANDMAC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 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 | — | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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BANDMAC
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $50.2M | ||
| Q3 25 | $22.2M | $112.4M | ||
| Q2 25 | $31.7M | $70.5M | ||
| Q1 25 | $-3.1M | $88.5M | ||
| Q4 24 | $36.5M | $54.9M | ||
| Q3 24 | $20.5M | $100.0M | ||
| Q2 24 | $24.4M | $67.4M |
自由现金流BANDMAC
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率BANDMAC
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率BANDMAC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | 0.27× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
