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MACERICH CO（MAC）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是MACERICH CO的1.8倍（$463.1M vs $261.7M），Mativ Holdings, Inc.净利率更高（21.8% vs -7.2%，领先28.9%），Mativ Holdings, Inc.同比增速更快（1.0% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
MAC vs MATV — 直观对比
营收规模更大
MATV
是对方的1.8倍
$261.7M
营收增速更快
MATV
高出5.4%
-4.4%
净利率更高
MATV
高出28.9%
-7.2%
两年增速更快
MAC
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $463.1M |
| 净利润 | $-18.8M | $100.8M |
| 毛利率 | — | 18.8% |
| 营业利润率 | — | 2.2% |
| 净利率 | -7.2% | 21.8% |
| 营收同比 | -4.4% | 1.0% |
| 净利润同比 | 91.1% | 6620.0% |
| 每股收益（稀释后） | $-0.08 | $1.87 |
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MACMATV
| Q4 25 | $261.7M | $463.1M | ||
| Q3 25 | $253.3M | $513.7M | ||
| Q2 25 | $249.8M | $525.4M | ||
| Q1 25 | $249.2M | $484.8M | ||
| Q4 24 | $273.7M | $458.6M | ||
| Q3 24 | $220.2M | $498.5M | ||
| Q2 24 | $215.5M | $523.8M | ||
| Q1 24 | $208.8M | $500.2M |
净利润MACMATV
| Q4 25 | $-18.8M | $100.8M | ||
| Q3 25 | $-87.4M | $-3.2M | ||
| Q2 25 | $-40.9M | $-9.5M | ||
| Q1 25 | $-50.1M | $-425.5M | ||
| Q4 24 | $-211.2M | $1.5M | ||
| Q3 24 | $-108.2M | $-20.8M | ||
| Q2 24 | $252.0M | $-1.4M | ||
| Q1 24 | $-126.7M | $-28.0M |
毛利率MACMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 19.7% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 16.8% |
营业利润率MACMATV
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -88.8% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | -2.8% |
净利率MACMATV
| Q4 25 | -7.2% | 21.8% | ||
| Q3 25 | -34.5% | -0.6% | ||
| Q2 25 | -16.4% | -1.8% | ||
| Q1 25 | -20.1% | -87.8% | ||
| Q4 24 | -77.2% | 0.3% | ||
| Q3 24 | -49.1% | -4.2% | ||
| Q2 24 | 116.9% | -0.3% | ||
| Q1 24 | -60.7% | -5.6% |
每股收益（稀释后）MACMATV
| Q4 25 | $-0.08 | $1.87 | ||
| Q3 25 | $-0.34 | $-0.06 | ||
| Q2 25 | $-0.16 | $-0.18 | ||
| Q1 25 | $-0.20 | $-7.82 | ||
| Q4 24 | $-0.95 | $0.03 | ||
| Q3 24 | $-0.50 | $-0.38 | ||
| Q2 24 | $1.16 | $-0.03 | ||
| Q1 24 | $-0.59 | $-0.52 |
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 | $280.2M | $84.2M |
| 总债务越低越好 | $5.1B | $1.0B |
| 股东权益账面价值 | $2.4B | $498.7M |
| 总资产 | $8.4B | $2.1B |
| 负债/权益比越低杠杆越低 | 2.07× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资MACMATV
| Q4 25 | $280.2M | $84.2M | ||
| Q3 25 | $290.2M | $97.1M | ||
| Q2 25 | $131.1M | $95.6M | ||
| Q1 25 | $253.2M | $84.0M | ||
| Q4 24 | $89.9M | $94.3M | ||
| Q3 24 | $116.5M | $162.2M | ||
| Q2 24 | $70.7M | $133.4M | ||
| Q1 24 | $120.1M | $128.9M |
总债务MACMATV
| Q4 25 | $5.1B | $1.0B | ||
| Q3 25 | $5.1B | $1.0B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $5.2B | $1.1B | ||
| Q4 24 | $4.9B | $1.1B | ||
| Q3 24 | $4.3B | $1.2B | ||
| Q2 24 | $4.4B | $1.2B | ||
| Q1 24 | $4.1B | $1.2B |
股东权益MACMATV
| Q4 25 | $2.4B | $498.7M | ||
| Q3 25 | $2.5B | $397.4M | ||
| Q2 25 | $2.6B | $416.6M | ||
| Q1 25 | $2.7B | $428.2M | ||
| Q4 24 | $2.8B | $858.5M | ||
| Q3 24 | $2.5B | $882.3M | ||
| Q2 24 | $2.5B | $898.0M | ||
| Q1 24 | $2.3B | $906.9M |
总资产MACMATV
| Q4 25 | $8.4B | $2.1B | ||
| Q3 25 | $8.4B | $2.0B | ||
| Q2 25 | $8.7B | $2.1B | ||
| Q1 25 | $8.7B | $2.1B | ||
| Q4 24 | $8.6B | $2.4B | ||
| Q3 24 | $7.6B | $2.6B | ||
| Q2 24 | $7.8B | $2.6B | ||
| Q1 24 | $7.4B | $2.7B |
负债/权益比MACMATV
| Q4 25 | 2.07× | 2.07× | ||
| Q3 25 | 2.02× | 2.63× | ||
| Q2 25 | 2.02× | 2.66× | ||
| Q1 25 | 1.96× | 2.67× | ||
| Q4 24 | 1.78× | 1.30× | ||
| Q3 24 | 1.73× | 1.32× | ||
| Q2 24 | 1.75× | 1.29× | ||
| Q1 24 | 1.79× | 1.30× |
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 | $50.2M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.8M |
8季度趋势，按日历期对齐
经营现金流MACMATV
| Q4 25 | $50.2M | $19.3M | ||
| Q3 25 | $112.4M | $72.8M | ||
| Q2 25 | $70.5M | $57.6M | ||
| Q1 25 | $88.5M | $-15.9M | ||
| Q4 24 | $54.9M | $24.1M | ||
| Q3 24 | $100.0M | $37.6M | ||
| Q2 24 | $67.4M | $46.1M | ||
| Q1 24 | $61.1M | $-13.0M |
自由现金流MACMATV
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $66.7M | ||
| Q2 25 | — | $48.9M | ||
| Q1 25 | — | $-29.8M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | — | $25.5M | ||
| Q2 24 | — | $37.4M | ||
| Q1 24 | — | $-25.1M |
自由现金流率MACMATV
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | -5.0% |
资本支出强度MACMATV
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.4% |
现金转化率MACMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| 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
MAC
暂无分部数据
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
