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梅西百货（M）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是新闻集团的2.0倍（$4.7B vs $2.4B），新闻集团净利率更高（8.2% vs 0.2%，领先7.9%），新闻集团同比增速更快（5.5% vs -0.6%），新闻集团自由现金流更多（$132.0M vs $-101.0M），过去两年新闻集团的营收复合增速更高（-1.3% vs -23.8%）
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
M vs NWSA — 直观对比
营收规模更大
M
是对方的2.0倍
$2.4B
营收增速更快
NWSA
高出6.2%
-0.6%
净利率更高
NWSA
高出7.9%
0.2%
自由现金流更多
NWSA
多$233.0M
$-101.0M
两年增速更快
NWSA
近两年复合增速
-23.8%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $2.4B |
| 净利润 | $11.0M | $193.0M |
| 毛利率 | 39.4% | — |
| 营业利润率 | 0.9% | — |
| 净利率 | 0.2% | 8.2% |
| 营收同比 | -0.6% | 5.5% |
| 净利润同比 | -60.7% | -10.2% |
| 每股收益（稀释后） | $0.04 | $0.34 |
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MNWSA
| Q4 25 | $4.7B | $2.4B | ||
| Q3 25 | $4.8B | $2.1B | ||
| Q2 25 | $4.6B | $1.6B | ||
| Q1 25 | $7.8B | $2.0B | ||
| Q4 24 | $4.7B | $2.2B | ||
| Q3 24 | $4.9B | $2.6B | ||
| Q2 24 | $4.8B | $2.6B | ||
| Q1 24 | $8.1B | $2.4B |
净利润MNWSA
| Q4 25 | $11.0M | $193.0M | ||
| Q3 25 | $87.0M | $112.0M | ||
| Q2 25 | $38.0M | $743.0M | ||
| Q1 25 | $342.0M | $103.0M | ||
| Q4 24 | $28.0M | $215.0M | ||
| Q3 24 | $150.0M | $119.0M | ||
| Q2 24 | $62.0M | $50.0M | ||
| Q1 24 | $-71.0M | $30.0M |
毛利率MNWSA
| Q4 25 | 39.4% | — | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 39.2% | — | ||
| Q1 25 | 35.7% | — | ||
| Q4 24 | 39.6% | — | ||
| Q3 24 | 40.5% | — | ||
| Q2 24 | 39.2% | — | ||
| Q1 24 | 37.5% | — |
营业利润率MNWSA
| Q4 25 | 0.9% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.0% | 8.5% | ||
| Q1 25 | 6.4% | 7.5% | ||
| Q4 24 | 1.3% | 19.2% | ||
| Q3 24 | 4.5% | 7.9% | ||
| Q2 24 | 2.6% | 4.3% | ||
| Q1 24 | -0.9% | 2.6% |
净利率MNWSA
| Q4 25 | 0.2% | 8.2% | ||
| Q3 25 | 1.8% | 5.2% | ||
| Q2 25 | 0.8% | 45.6% | ||
| Q1 25 | 4.4% | 5.1% | ||
| Q4 24 | 0.6% | 9.6% | ||
| Q3 24 | 3.0% | 4.6% | ||
| Q2 24 | 1.3% | 1.9% | ||
| Q1 24 | -0.9% | 1.2% |
每股收益（稀释后）MNWSA
| Q4 25 | $0.04 | $0.34 | ||
| Q3 25 | $0.31 | $0.20 | ||
| Q2 25 | $0.13 | $1.30 | ||
| Q1 25 | $1.22 | $0.18 | ||
| Q4 24 | $0.10 | $0.38 | ||
| Q3 24 | $0.53 | $0.21 | ||
| Q2 24 | $0.22 | $0.09 | ||
| Q1 24 | $-0.25 | $0.05 |
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 | $447.0M | $2.1B |
| 总债务越低越好 | $2.4B | $2.0B |
| 股东权益账面价值 | $4.3B | $8.8B |
| 总资产 | $17.1B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资MNWSA
| Q4 25 | $447.0M | $2.1B | ||
| Q3 25 | $829.0M | $2.2B | ||
| Q2 25 | $932.0M | $2.4B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $315.0M | $1.8B | ||
| Q3 24 | $646.0M | $1.8B | ||
| Q2 24 | $876.0M | $2.0B | ||
| Q1 24 | $1.0B | $1.9B |
总债务MNWSA
| Q4 25 | $2.4B | $2.0B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.8B | $2.0B | ||
| Q1 25 | $2.8B | $2.0B | ||
| Q4 24 | $2.8B | $2.0B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $3.0B | $2.9B |
股东权益MNWSA
| Q4 25 | $4.3B | $8.8B | ||
| Q3 25 | $4.5B | $8.7B | ||
| Q2 25 | $4.5B | $8.8B | ||
| Q1 25 | $4.6B | $8.2B | ||
| Q4 24 | $4.1B | $8.1B | ||
| Q3 24 | $4.3B | $8.3B | ||
| Q2 24 | $4.2B | $8.1B | ||
| Q1 24 | $4.1B | $8.1B |
总资产MNWSA
| Q4 25 | $17.1B | $15.5B | ||
| Q3 25 | $15.6B | $15.3B | ||
| Q2 25 | $16.1B | $15.5B | ||
| Q1 25 | $16.4B | $16.6B | ||
| Q4 24 | $17.3B | $16.2B | ||
| Q3 24 | $15.8B | $16.9B | ||
| Q2 24 | $16.4B | $16.7B | ||
| Q1 24 | $16.2B | $16.5B |
负债/权益比MNWSA
| Q4 25 | 0.56× | 0.22× | ||
| Q3 25 | 0.55× | 0.22× | ||
| Q2 25 | 0.62× | 0.22× | ||
| Q1 25 | 0.61× | 0.24× | ||
| Q4 24 | 0.67× | 0.24× | ||
| Q3 24 | 0.70× | 0.35× | ||
| Q2 24 | 0.72× | 0.36× | ||
| Q1 24 | 0.72× | 0.36× |
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 | $-8.0M | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $-101.0M | $132.0M |
| 自由现金流率自由现金流/营收 | -2.1% | 5.6% |
| 资本支出强度资本支出/营收 | 2.0% | 4.2% |
| 现金转化率经营现金流/净利润 | -0.73× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $586.0M |
8季度趋势，按日历期对齐
经营现金流MNWSA
| Q4 25 | $-8.0M | $231.0M | ||
| Q3 25 | $319.0M | $85.0M | ||
| Q2 25 | $-64.0M | $189.0M | ||
| Q1 25 | $1.3B | $511.0M | ||
| Q4 24 | $-167.0M | $252.0M | ||
| Q3 24 | $8.0M | $64.0M | ||
| Q2 24 | $129.0M | $254.0M | ||
| Q1 24 | $1.1B | $539.0M |
自由现金流MNWSA
| Q4 25 | $-101.0M | $132.0M | ||
| Q3 25 | $240.0M | $4.0M | ||
| Q2 25 | $-164.0M | $32.0M | ||
| Q1 25 | $1.2B | $418.0M | ||
| Q4 24 | $-295.0M | $190.0M | ||
| Q3 24 | $-109.0M | $-31.0M | ||
| Q2 24 | $-25.0M | $111.0M | ||
| Q1 24 | $1.0B | $422.0M |
自由现金流率MNWSA
| Q4 25 | -2.1% | 5.6% | ||
| Q3 25 | 5.0% | 0.2% | ||
| Q2 25 | -3.6% | 2.0% | ||
| Q1 25 | 15.3% | 20.8% | ||
| Q4 24 | -6.2% | 8.5% | ||
| Q3 24 | -2.2% | -1.2% | ||
| Q2 24 | -0.5% | 4.3% | ||
| Q1 24 | 12.3% | 17.4% |
资本支出强度MNWSA
| Q4 25 | 2.0% | 4.2% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 2.2% | 9.6% | ||
| Q1 25 | 1.5% | 4.6% | ||
| Q4 24 | 2.7% | 2.8% | ||
| Q3 24 | 2.4% | 3.7% | ||
| Q2 24 | 3.2% | 5.5% | ||
| Q1 24 | 1.8% | 4.8% |
现金转化率MNWSA
| Q4 25 | -0.73× | 1.20× | ||
| Q3 25 | 3.67× | 0.76× | ||
| Q2 25 | -1.68× | 0.25× | ||
| Q1 25 | 3.82× | 4.96× | ||
| Q4 24 | -5.96× | 1.17× | ||
| Q3 24 | 0.05× | 0.54× | ||
| Q2 24 | 2.08× | 5.08× | ||
| Q1 24 | — | 17.97× |
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
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
