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LANDS' END, INC.（LE）与MACERICH CO（MAC）财务数据对比。点击上方公司名可切换其他公司
LANDS' END, INC.的季度营收约是MACERICH CO的1.2倍（$317.5M vs $261.7M），LANDS' END, INC.净利率更高（1.6% vs -7.2%，领先8.8%），LANDS' END, INC.同比增速更快（0.1% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -0.9%）
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
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。
LE vs MAC — 直观对比
营收规模更大
LE
是对方的1.2倍
$261.7M
营收增速更快
LE
高出4.5%
-4.4%
净利率更高
LE
高出8.8%
-7.2%
两年增速更快
MAC
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $261.7M |
| 净利润 | $5.2M | $-18.8M |
| 毛利率 | 51.8% | — |
| 营业利润率 | 5.3% | — |
| 净利率 | 1.6% | -7.2% |
| 营收同比 | 0.1% | -4.4% |
| 净利润同比 | 198.3% | 91.1% |
| 每股收益（稀释后） | $0.17 | $-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LEMAC
| Q4 25 | $317.5M | $261.7M | ||
| Q3 25 | — | $253.3M | ||
| Q2 25 | $261.2M | $249.8M | ||
| Q1 25 | — | $249.2M | ||
| Q4 24 | $318.6M | $273.7M | ||
| Q3 24 | $317.2M | $220.2M | ||
| Q2 24 | $285.5M | $215.5M | ||
| Q1 24 | $514.9M | $208.8M |
净利润LEMAC
| Q4 25 | $5.2M | $-18.8M | ||
| Q3 25 | — | $-87.4M | ||
| Q2 25 | $-8.3M | $-40.9M | ||
| Q1 25 | — | $-50.1M | ||
| Q4 24 | $-593.0K | $-211.2M | ||
| Q3 24 | $-5.3M | $-108.2M | ||
| Q2 24 | $-6.4M | $252.0M | ||
| Q1 24 | $-8.6M | $-126.7M |
毛利率LEMAC
| Q4 25 | 51.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 50.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 50.6% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 48.7% | — | ||
| Q1 24 | 38.0% | — |
营业利润率LEMAC
| Q4 25 | 5.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.6% | — |
净利率LEMAC
| Q4 25 | 1.6% | -7.2% | ||
| Q3 25 | — | -34.5% | ||
| Q2 25 | -3.2% | -16.4% | ||
| Q1 25 | — | -20.1% | ||
| Q4 24 | -0.2% | -77.2% | ||
| Q3 24 | -1.7% | -49.1% | ||
| Q2 24 | -2.3% | 116.9% | ||
| Q1 24 | -1.7% | -60.7% |
每股收益（稀释后）LEMAC
| Q4 25 | $0.17 | $-0.08 | ||
| Q3 25 | — | $-0.34 | ||
| Q2 25 | $-0.27 | $-0.16 | ||
| Q1 25 | — | $-0.20 | ||
| Q4 24 | $-0.02 | $-0.95 | ||
| Q3 24 | $-0.17 | $-0.50 | ||
| Q2 24 | $-0.20 | $1.16 | ||
| Q1 24 | $-0.27 | $-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 | $36.3M | $280.2M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $231.0M | $2.4B |
| 总资产 | $852.7M | $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LEMAC
| Q4 25 | $36.3M | $280.2M | ||
| Q3 25 | — | $290.2M | ||
| Q2 25 | $18.1M | $131.1M | ||
| Q1 25 | — | $253.2M | ||
| Q4 24 | $30.4M | $89.9M | ||
| Q3 24 | $25.6M | $116.5M | ||
| Q2 24 | $27.4M | $70.7M | ||
| Q1 24 | $25.3M | $120.1M |
总债务LEMAC
| 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 | ||
| Q1 24 | — | $4.1B |
股东权益LEMAC
| Q4 25 | $231.0M | $2.4B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $230.1M | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $223.6M | $2.8B | ||
| Q3 24 | $226.5M | $2.5B | ||
| Q2 24 | $234.6M | $2.5B | ||
| Q1 24 | $241.6M | $2.3B |
总资产LEMAC
| Q4 25 | $852.7M | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | $760.5M | $8.7B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | $843.6M | $8.6B | ||
| Q3 24 | $802.5M | $7.6B | ||
| Q2 24 | $800.1M | $7.8B | ||
| Q1 24 | $811.5M | $7.4B |
负债/权益比LEMAC
| 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× | ||
| 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 | $-15.7M | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | -3.03× | — |
| 过去12个月自由现金流最近4个季度 | $-55.0M | — |
8季度趋势，按日历期对齐
经营现金流LEMAC
| Q4 25 | $-15.7M | $50.2M | ||
| Q3 25 | — | $112.4M | ||
| Q2 25 | $-22.5M | $70.5M | ||
| Q1 25 | — | $88.5M | ||
| Q4 24 | $-17.1M | $54.9M | ||
| Q3 24 | $30.7M | $100.0M | ||
| Q2 24 | $-25.8M | $67.4M | ||
| Q1 24 | $93.9M | $61.1M |
自由现金流LEMAC
| Q4 25 | $-22.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-30.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-27.8M | — | ||
| Q3 24 | $26.0M | — | ||
| Q2 24 | $-32.6M | — | ||
| Q1 24 | $87.5M | — |
自由现金流率LEMAC
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -11.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | 17.0% | — |
资本支出强度LEMAC
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — |
现金转化率LEMAC
| Q4 25 | -3.03× | — | ||
| 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
业务分部营收拆解
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
MAC
暂无分部数据
