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HEARTLAND EXPRESS INC（HTLD）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HEARTLAND EXPRESS INC的1.5倍（$261.7M vs $179.4M），MACERICH CO净利率更高（-7.2% vs -10.8%，领先3.7%），MACERICH CO同比增速更快（-4.4% vs -26.1%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -18.5%）
哈特兰德快运是一家总部位于艾奥瓦州北利伯蒂的美国公路货运企业，核心业务为覆盖美国全境的整车公路运输服务，在北美干线货运领域拥有稳定的运营网络与行业经验。
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。
HTLD vs MAC — 直观对比
营收规模更大
MAC
是对方的1.5倍
$179.4M
营收增速更快
MAC
高出21.7%
-26.1%
净利率更高
MAC
高出3.7%
-10.8%
两年增速更快
MAC
近两年复合增速
-18.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $179.4M | $261.7M |
| 净利润 | $-19.4M | $-18.8M |
| 毛利率 | — | — |
| 营业利润率 | -12.7% | — |
| 净利率 | -10.8% | -7.2% |
| 营收同比 | -26.1% | -4.4% |
| 净利润同比 | -949.2% | 91.1% |
| 每股收益（稀释后） | $-0.24 | $-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HTLDMAC
| Q4 25 | $179.4M | $261.7M | ||
| Q3 25 | $196.5M | $253.3M | ||
| Q2 25 | $210.4M | $249.8M | ||
| Q1 25 | $219.4M | $249.2M | ||
| Q4 24 | $242.6M | $273.7M | ||
| Q3 24 | $259.9M | $220.2M | ||
| Q2 24 | $274.8M | $215.5M | ||
| Q1 24 | $270.3M | $208.8M |
净利润HTLDMAC
| Q4 25 | $-19.4M | $-18.8M | ||
| Q3 25 | $-8.3M | $-87.4M | ||
| Q2 25 | $-10.9M | $-40.9M | ||
| Q1 25 | $-13.9M | $-50.1M | ||
| Q4 24 | $-1.9M | $-211.2M | ||
| Q3 24 | $-9.3M | $-108.2M | ||
| Q2 24 | $-3.5M | $252.0M | ||
| Q1 24 | $-15.1M | $-126.7M |
营业利润率HTLDMAC
| Q4 25 | -12.7% | — | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -5.9% | — | ||
| Q1 25 | -6.8% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | -5.3% | — |
净利率HTLDMAC
| Q4 25 | -10.8% | -7.2% | ||
| Q3 25 | -4.2% | -34.5% | ||
| Q2 25 | -5.2% | -16.4% | ||
| Q1 25 | -6.3% | -20.1% | ||
| Q4 24 | -0.8% | -77.2% | ||
| Q3 24 | -3.6% | -49.1% | ||
| Q2 24 | -1.3% | 116.9% | ||
| Q1 24 | -5.6% | -60.7% |
每股收益（稀释后）HTLDMAC
| Q4 25 | $-0.24 | $-0.08 | ||
| Q3 25 | $-0.11 | $-0.34 | ||
| Q2 25 | $-0.14 | $-0.16 | ||
| Q1 25 | $-0.18 | $-0.20 | ||
| Q4 24 | $-0.03 | $-0.95 | ||
| Q3 24 | $-0.12 | $-0.50 | ||
| Q2 24 | $-0.04 | $1.16 | ||
| Q1 24 | $-0.19 | $-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 | $18.5M | $280.2M |
| 总债务越低越好 | $154.1M | $5.1B |
| 股东权益账面价值 | $755.3M | $2.4B |
| 总资产 | $1.2B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.20× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资HTLDMAC
| Q4 25 | $18.5M | $280.2M | ||
| Q3 25 | $32.7M | $290.2M | ||
| Q2 25 | $22.9M | $131.1M | ||
| Q1 25 | $23.9M | $253.2M | ||
| Q4 24 | $12.8M | $89.9M | ||
| Q3 24 | $30.7M | $116.5M | ||
| Q2 24 | $23.9M | $70.7M | ||
| Q1 24 | $23.8M | $120.1M |
总债务HTLDMAC
| Q4 25 | $154.1M | $5.1B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $187.9M | $4.9B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.1B |
股东权益HTLDMAC
| Q4 25 | $755.3M | $2.4B | ||
| Q3 25 | $775.6M | $2.5B | ||
| Q2 25 | $786.7M | $2.6B | ||
| Q1 25 | $807.7M | $2.7B | ||
| Q4 24 | $822.6M | $2.8B | ||
| Q3 24 | $825.7M | $2.5B | ||
| Q2 24 | $836.8M | $2.5B | ||
| Q1 24 | $848.8M | $2.3B |
总资产HTLDMAC
| Q4 25 | $1.2B | $8.4B | ||
| Q3 25 | $1.3B | $8.4B | ||
| Q2 25 | $1.3B | $8.7B | ||
| Q1 25 | $1.3B | $8.7B | ||
| Q4 24 | $1.3B | $8.6B | ||
| Q3 24 | $1.4B | $7.6B | ||
| Q2 24 | $1.4B | $7.8B | ||
| Q1 24 | $1.5B | $7.4B |
负债/权益比HTLDMAC
| Q4 25 | 0.20× | 2.07× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 1.96× | ||
| Q4 24 | 0.23× | 1.78× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 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 | $14.9M | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $-44.2M | — |
| 自由现金流率自由现金流/营收 | -24.6% | — |
| 资本支出强度资本支出/营收 | 33.0% | — |
| 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 | $-66.9M | — |
8季度趋势，按日历期对齐
经营现金流HTLDMAC
| Q4 25 | $14.9M | $50.2M | ||
| Q3 25 | $27.5M | $112.4M | ||
| Q2 25 | $21.0M | $70.5M | ||
| Q1 25 | $25.8M | $88.5M | ||
| Q4 24 | $37.8M | $54.9M | ||
| Q3 24 | $35.6M | $100.0M | ||
| Q2 24 | $40.0M | $67.4M | ||
| Q1 24 | $31.0M | $61.1M |
自由现金流HTLDMAC
| Q4 25 | $-44.2M | — | ||
| Q3 25 | $-12.2M | — | ||
| Q2 25 | $-12.8M | — | ||
| Q1 25 | $2.3M | — | ||
| Q4 24 | $-45.5M | — | ||
| Q3 24 | $24.6M | — | ||
| Q2 24 | $29.4M | — | ||
| Q1 24 | $26.3M | — |
自由现金流率HTLDMAC
| Q4 25 | -24.6% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | -18.8% | — | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 9.7% | — |
资本支出强度HTLDMAC
| Q4 25 | 33.0% | — | ||
| Q3 25 | 20.2% | — | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | 1.7% | — |
现金转化率HTLDMAC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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
