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Essex Property Trust（ESS）与MACERICH CO（MAC）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是MACERICH CO的1.8倍（$479.6M vs $261.7M），Essex Property Trust净利率更高（17.9% vs -7.2%，领先25.0%），Essex Property Trust同比增速更快（5.5% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 6.0%）
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
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。
ESS vs MAC — 直观对比
营收规模更大
ESS
是对方的1.8倍
$261.7M
营收增速更快
ESS
高出9.9%
-4.4%
净利率更高
ESS
高出25.0%
-7.2%
两年增速更快
MAC
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $261.7M |
| 净利润 | $85.7M | $-18.8M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | — |
| 净利率 | 17.9% | -7.2% |
| 营收同比 | 5.5% | -4.4% |
| 净利润同比 | -71.6% | 91.1% |
| 每股收益（稀释后） | $1.24 | $-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ESSMAC
| Q4 25 | $479.6M | $261.7M | ||
| Q3 25 | $473.3M | $253.3M | ||
| Q2 25 | $469.8M | $249.8M | ||
| Q1 25 | $464.6M | $249.2M | ||
| Q4 24 | $454.5M | $273.7M | ||
| Q3 24 | $450.7M | $220.2M | ||
| Q2 24 | $442.4M | $215.5M | ||
| Q1 24 | $426.9M | $208.8M |
净利润ESSMAC
| Q4 25 | $85.7M | $-18.8M | ||
| Q3 25 | $172.7M | $-87.4M | ||
| Q2 25 | $231.5M | $-40.9M | ||
| Q1 25 | $212.8M | $-50.1M | ||
| Q4 24 | $301.7M | $-211.2M | ||
| Q3 24 | $125.5M | $-108.2M | ||
| Q2 24 | $99.0M | $252.0M | ||
| Q1 24 | $285.1M | $-126.7M |
毛利率ESSMAC
| Q4 25 | 70.0% | — | ||
| Q3 25 | 69.2% | — | ||
| Q2 25 | 70.7% | — | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.5% | — | ||
| Q2 24 | 70.8% | — | ||
| Q1 24 | 69.7% | — |
营业利润率ESSMAC
| Q4 25 | 31.7% | — | ||
| Q3 25 | 44.5% | — | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | 55.3% | — | ||
| Q4 24 | 67.0% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 31.0% | — |
净利率ESSMAC
| Q4 25 | 17.9% | -7.2% | ||
| Q3 25 | 36.5% | -34.5% | ||
| Q2 25 | 49.3% | -16.4% | ||
| Q1 25 | 45.8% | -20.1% | ||
| Q4 24 | 66.4% | -77.2% | ||
| Q3 24 | 27.8% | -49.1% | ||
| Q2 24 | 22.4% | 116.9% | ||
| Q1 24 | 66.8% | -60.7% |
每股收益（稀释后）ESSMAC
| Q4 25 | $1.24 | $-0.08 | ||
| Q3 25 | $2.56 | $-0.34 | ||
| Q2 25 | $3.44 | $-0.16 | ||
| Q1 25 | $3.16 | $-0.20 | ||
| Q4 24 | $4.00 | $-0.95 | ||
| Q3 24 | $1.84 | $-0.50 | ||
| Q2 24 | $1.45 | $1.16 | ||
| Q1 24 | $4.25 | $-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 | $76.2M | $280.2M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $5.5B | $2.4B |
| 总资产 | $13.2B | $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ESSMAC
| Q4 25 | $76.2M | $280.2M | ||
| Q3 25 | $66.0M | $290.2M | ||
| Q2 25 | $58.7M | $131.1M | ||
| Q1 25 | $98.7M | $253.2M | ||
| Q4 24 | $66.8M | $89.9M | ||
| Q3 24 | $71.3M | $116.5M | ||
| Q2 24 | $55.2M | $70.7M | ||
| Q1 24 | $499.0M | $120.1M |
总债务ESSMAC
| Q4 25 | — | $5.1B | ||
| Q3 25 | $6.4B | $5.1B | ||
| Q2 25 | $6.4B | $5.2B | ||
| Q1 25 | $6.8B | $5.2B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | $6.4B | $4.3B | ||
| Q2 24 | $6.2B | $4.4B | ||
| Q1 24 | $6.6B | $4.1B |
股东权益ESSMAC
| Q4 25 | $5.5B | $2.4B | ||
| Q3 25 | $5.6B | $2.5B | ||
| Q2 25 | $5.6B | $2.6B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $5.5B | $2.8B | ||
| Q3 24 | $5.4B | $2.5B | ||
| Q2 24 | $5.5B | $2.5B | ||
| Q1 24 | $5.5B | $2.3B |
总资产ESSMAC
| Q4 25 | $13.2B | $8.4B | ||
| Q3 25 | $13.2B | $8.4B | ||
| Q2 25 | $13.2B | $8.7B | ||
| Q1 25 | $13.2B | $8.7B | ||
| Q4 24 | $12.9B | $8.6B | ||
| Q3 24 | $12.6B | $7.6B | ||
| Q2 24 | $12.5B | $7.8B | ||
| Q1 24 | $12.9B | $7.4B |
负债/权益比ESSMAC
| Q4 25 | — | 2.07× | ||
| Q3 25 | 1.15× | 2.02× | ||
| Q2 25 | 1.14× | 2.02× | ||
| Q1 25 | 1.22× | 1.96× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | 1.18× | 1.73× | ||
| Q2 24 | 1.13× | 1.75× | ||
| Q1 24 | 1.19× | 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 | $1.1B | $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 | — | — |
| 现金转化率经营现金流/净利润 | 12.53× | — |
| 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ESSMAC
| Q4 25 | $1.1B | $50.2M | ||
| Q3 25 | $342.6M | $112.4M | ||
| Q2 25 | $216.1M | $70.5M | ||
| Q1 25 | $281.5M | $88.5M | ||
| Q4 24 | $1.1B | $54.9M | ||
| Q3 24 | $316.2M | $100.0M | ||
| Q2 24 | $218.9M | $67.4M | ||
| Q1 24 | $314.9M | $61.1M |
现金转化率ESSMAC
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | 0.27× | ||
| Q1 24 | 1.10× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
