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COUSINS PROPERTIES INC（CUZ）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COUSINS PROPERTIES INC的1.0倍（$261.7M vs $255.0M），COUSINS PROPERTIES INC净利率更高（-1.4% vs -7.2%，领先5.8%），COUSINS PROPERTIES INC同比增速更快（13.2% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 10.4%）
Cousins Properties是一家公开上市的房地产投资信托（REIT），专注于亚特兰大、夏洛特、奥斯汀、菲尼克斯、坦帕及北卡罗来纳州教堂山的写字楼资产投资。公司曾开发多个知名地标项目，包括亚特兰大的CNN中心、奥姆尼体育馆、桃树中心191号大厦以及埃默里角商业综合体。
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。
CUZ vs MAC — 直观对比
营收规模更大
MAC
是对方的1.0倍
$255.0M
营收增速更快
CUZ
高出17.6%
-4.4%
净利率更高
CUZ
高出5.8%
-7.2%
两年增速更快
MAC
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $255.0M | $261.7M |
| 净利润 | $-3.5M | $-18.8M |
| 毛利率 | 67.4% | — |
| 营业利润率 | 67.5% | — |
| 净利率 | -1.4% | -7.2% |
| 营收同比 | 13.2% | -4.4% |
| 净利润同比 | -125.4% | 91.1% |
| 每股收益（稀释后） | $-0.02 | $-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CUZMAC
| Q4 25 | $255.0M | $261.7M | ||
| Q3 25 | $248.3M | $253.3M | ||
| Q2 25 | $240.1M | $249.8M | ||
| Q1 25 | $250.3M | $249.2M | ||
| Q4 24 | $225.3M | $273.7M | ||
| Q3 24 | $209.2M | $220.2M | ||
| Q2 24 | $213.0M | $215.5M | ||
| Q1 24 | $209.2M | $208.8M |
净利润CUZMAC
| Q4 25 | $-3.5M | $-18.8M | ||
| Q3 25 | $8.6M | $-87.4M | ||
| Q2 25 | $14.5M | $-40.9M | ||
| Q1 25 | $20.9M | $-50.1M | ||
| Q4 24 | $13.6M | $-211.2M | ||
| Q3 24 | $11.2M | $-108.2M | ||
| Q2 24 | $7.8M | $252.0M | ||
| Q1 24 | $13.3M | $-126.7M |
毛利率CUZMAC
| Q4 25 | 67.4% | — | ||
| Q3 25 | 67.8% | — | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 69.2% | — | ||
| Q4 24 | 67.6% | — | ||
| Q3 24 | 68.5% | — | ||
| Q2 24 | 66.8% | — | ||
| Q1 24 | 66.0% | — |
营业利润率CUZMAC
| Q4 25 | 67.5% | — | ||
| Q3 25 | 68.1% | — | ||
| Q2 25 | 69.4% | — | ||
| Q1 25 | 66.0% | — | ||
| Q4 24 | 65.8% | — | ||
| Q3 24 | 67.9% | — | ||
| Q2 24 | 66.4% | — | ||
| Q1 24 | 66.3% | — |
净利率CUZMAC
| Q4 25 | -1.4% | -7.2% | ||
| Q3 25 | 3.5% | -34.5% | ||
| Q2 25 | 6.0% | -16.4% | ||
| Q1 25 | 8.3% | -20.1% | ||
| Q4 24 | 6.1% | -77.2% | ||
| Q3 24 | 5.4% | -49.1% | ||
| Q2 24 | 3.7% | 116.9% | ||
| Q1 24 | 6.4% | -60.7% |
每股收益（稀释后）CUZMAC
| Q4 25 | $-0.02 | $-0.08 | ||
| Q3 25 | $0.05 | $-0.34 | ||
| Q2 25 | $0.09 | $-0.16 | ||
| Q1 25 | $0.12 | $-0.20 | ||
| Q4 24 | $0.09 | $-0.95 | ||
| Q3 24 | $0.07 | $-0.50 | ||
| Q2 24 | $0.05 | $1.16 | ||
| Q1 24 | $0.09 | $-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 | $5.7M | $280.2M |
| 总债务越低越好 | $3.3B | $5.1B |
| 股东权益账面价值 | $4.7B | $2.4B |
| 总资产 | $8.9B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.71× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资CUZMAC
| Q4 25 | $5.7M | $280.2M | ||
| Q3 25 | $4.7M | $290.2M | ||
| Q2 25 | $416.8M | $131.1M | ||
| Q1 25 | $5.3M | $253.2M | ||
| Q4 24 | $7.3M | $89.9M | ||
| Q3 24 | $76.1M | $116.5M | ||
| Q2 24 | $6.0M | $70.7M | ||
| Q1 24 | $5.5M | $120.1M |
总债务CUZMAC
| Q4 25 | $3.3B | $5.1B | ||
| Q3 25 | $3.3B | $5.1B | ||
| Q2 25 | $3.5B | $5.2B | ||
| Q1 25 | $3.0B | $5.2B | ||
| Q4 24 | $3.1B | $4.9B | ||
| Q3 24 | $2.7B | $4.3B | ||
| Q2 24 | $2.6B | $4.4B | ||
| Q1 24 | $2.6B | $4.1B |
股东权益CUZMAC
| Q4 25 | $4.7B | $2.4B | ||
| Q3 25 | $4.7B | $2.5B | ||
| Q2 25 | $4.8B | $2.6B | ||
| Q1 25 | $4.8B | $2.7B | ||
| Q4 24 | $4.8B | $2.8B | ||
| Q3 24 | $4.4B | $2.5B | ||
| Q2 24 | $4.5B | $2.5B | ||
| Q1 24 | $4.5B | $2.3B |
总资产CUZMAC
| Q4 25 | $8.9B | $8.4B | ||
| Q3 25 | $8.9B | $8.4B | ||
| Q2 25 | $9.1B | $8.7B | ||
| Q1 25 | $8.7B | $8.7B | ||
| Q4 24 | $8.8B | $8.6B | ||
| Q3 24 | $7.8B | $7.6B | ||
| Q2 24 | $7.7B | $7.8B | ||
| Q1 24 | $7.7B | $7.4B |
负债/权益比CUZMAC
| Q4 25 | 0.71× | 2.07× | ||
| Q3 25 | 0.70× | 2.02× | ||
| Q2 25 | 0.73× | 2.02× | ||
| Q1 25 | 0.63× | 1.96× | ||
| Q4 24 | 0.64× | 1.78× | ||
| Q3 24 | 0.60× | 1.73× | ||
| Q2 24 | 0.58× | 1.75× | ||
| Q1 24 | 0.57× | 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 | $402.3M | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $135.0M | — |
| 自由现金流率自由现金流/营收 | 53.0% | — |
| 资本支出强度资本支出/营收 | 104.8% | — |
| 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CUZMAC
| Q4 25 | $402.3M | $50.2M | ||
| Q3 25 | $120.5M | $112.4M | ||
| Q2 25 | $122.6M | $70.5M | ||
| Q1 25 | $44.8M | $88.5M | ||
| Q4 24 | $400.2M | $54.9M | ||
| Q3 24 | $117.4M | $100.0M | ||
| Q2 24 | $125.5M | $67.4M | ||
| Q1 24 | $28.3M | $61.1M |
自由现金流CUZMAC
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CUZMAC
| Q4 25 | 53.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 65.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CUZMAC
| Q4 25 | 104.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 112.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率CUZMAC
| Q4 25 | — | — | ||
| Q3 25 | 14.03× | — | ||
| Q2 25 | 8.46× | — | ||
| Q1 25 | 2.14× | — | ||
| Q4 24 | 29.35× | — | ||
| Q3 24 | 10.48× | — | ||
| Q2 24 | 16.01× | 0.27× | ||
| Q1 24 | 2.13× | — |
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
CUZ
| Rental Properties | $253.3M | 99% |
| Fee And Other Revenue | $1.7M | 1% |
| Other | $1.2M | 0% |
MAC
暂无分部数据
