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MACERICH CO（MAC）与MONRO, INC.（MNRO）财务数据对比。点击上方公司名可切换其他公司
MONRO, INC.的季度营收约是MACERICH CO的1.1倍（$293.4M vs $261.7M），MONRO, INC.净利率更高（3.8% vs -7.2%，领先11.0%），MONRO, INC.同比增速更快（-4.0% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -2.7%）
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。
蒙罗公司（Monro, Inc.）是一家汽车服务企业，创始并总部设在美国纽约州罗切斯特。截至2025年，蒙罗共拥有1260家门店，按门店数量与营收计算，是北美仅次于Driven Brands的第二大汽车服务企业。
MAC vs MNRO — 直观对比
营收规模更大
MNRO
是对方的1.1倍
$261.7M
营收增速更快
MNRO
高出0.3%
-4.4%
净利率更高
MNRO
高出11.0%
-7.2%
两年增速更快
MAC
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $293.4M |
| 净利润 | $-18.8M | $11.1M |
| 毛利率 | — | 34.9% |
| 营业利润率 | — | 6.3% |
| 净利率 | -7.2% | 3.8% |
| 营收同比 | -4.4% | -4.0% |
| 净利润同比 | 91.1% | 143.1% |
| 每股收益（稀释后） | $-0.08 | $0.35 |
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MACMNRO
| Q4 25 | $261.7M | $293.4M | ||
| Q3 25 | $253.3M | $288.9M | ||
| Q2 25 | $249.8M | $301.0M | ||
| Q1 25 | $249.2M | $295.0M | ||
| Q4 24 | $273.7M | $305.8M | ||
| Q3 24 | $220.2M | $301.4M | ||
| Q2 24 | $215.5M | $293.2M | ||
| Q1 24 | $208.8M | $310.1M |
净利润MACMNRO
| Q4 25 | $-18.8M | $11.1M | ||
| Q3 25 | $-87.4M | $5.7M | ||
| Q2 25 | $-40.9M | $-8.1M | ||
| Q1 25 | $-50.1M | $-21.3M | ||
| Q4 24 | $-211.2M | $4.6M | ||
| Q3 24 | $-108.2M | $5.6M | ||
| Q2 24 | $252.0M | $5.9M | ||
| Q1 24 | $-126.7M | $3.7M |
毛利率MACMNRO
| Q4 25 | — | 34.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 33.0% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 35.5% |
营业利润率MACMNRO
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | -2.0% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 3.3% |
净利率MACMNRO
| Q4 25 | -7.2% | 3.8% | ||
| Q3 25 | -34.5% | 2.0% | ||
| Q2 25 | -16.4% | -2.7% | ||
| Q1 25 | -20.1% | -7.2% | ||
| Q4 24 | -77.2% | 1.5% | ||
| Q3 24 | -49.1% | 1.9% | ||
| Q2 24 | 116.9% | 2.0% | ||
| Q1 24 | -60.7% | 1.2% |
每股收益（稀释后）MACMNRO
| Q4 25 | $-0.08 | $0.35 | ||
| Q3 25 | $-0.34 | $0.18 | ||
| Q2 25 | $-0.16 | $-0.28 | ||
| Q1 25 | $-0.20 | $-0.74 | ||
| Q4 24 | $-0.95 | $0.15 | ||
| Q3 24 | $-0.50 | $0.18 | ||
| Q2 24 | $1.16 | $0.19 | ||
| Q1 24 | $-0.59 | $0.12 |
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 | $4.9M |
| 总债务越低越好 | $5.1B | $45.0M |
| 股东权益账面价值 | $2.4B | $604.9M |
| 总资产 | $8.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资MACMNRO
| Q4 25 | $280.2M | $4.9M | ||
| Q3 25 | $290.2M | $10.5M | ||
| Q2 25 | $131.1M | $7.8M | ||
| Q1 25 | $253.2M | $20.8M | ||
| Q4 24 | $89.9M | $10.2M | ||
| Q3 24 | $116.5M | $20.9M | ||
| Q2 24 | $70.7M | $18.7M | ||
| Q1 24 | $120.1M | $6.6M |
总债务MACMNRO
| Q4 25 | $5.1B | $45.0M | ||
| Q3 25 | $5.1B | $60.0M | ||
| Q2 25 | $5.2B | $71.5M | ||
| Q1 25 | $5.2B | $61.3M | ||
| Q4 24 | $4.9B | $59.3M | ||
| Q3 24 | $4.3B | $62.0M | ||
| Q2 24 | $4.4B | $112.0M | ||
| Q1 24 | $4.1B | $102.0M |
股东权益MACMNRO
| Q4 25 | $2.4B | $604.9M | ||
| Q3 25 | $2.5B | $601.7M | ||
| Q2 25 | $2.6B | $604.9M | ||
| Q1 25 | $2.7B | $620.8M | ||
| Q4 24 | $2.8B | $648.9M | ||
| Q3 24 | $2.5B | $651.9M | ||
| Q2 24 | $2.5B | $654.4M | ||
| Q1 24 | $2.3B | $656.8M |
总资产MACMNRO
| Q4 25 | $8.4B | $1.6B | ||
| Q3 25 | $8.4B | $1.6B | ||
| Q2 25 | $8.7B | $1.6B | ||
| Q1 25 | $8.7B | $1.6B | ||
| Q4 24 | $8.6B | $1.7B | ||
| Q3 24 | $7.6B | $1.7B | ||
| Q2 24 | $7.8B | $1.7B | ||
| Q1 24 | $7.4B | $1.7B |
负债/权益比MACMNRO
| Q4 25 | 2.07× | 0.07× | ||
| Q3 25 | 2.02× | 0.10× | ||
| Q2 25 | 2.02× | 0.12× | ||
| Q1 25 | 1.96× | 0.10× | ||
| Q4 24 | 1.78× | 0.09× | ||
| Q3 24 | 1.73× | 0.10× | ||
| Q2 24 | 1.75× | 0.17× | ||
| Q1 24 | 1.79× | 0.16× |
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 | $17.8M |
| 自由现金流经营现金流 - 资本支出 | — | $9.1M |
| 自由现金流率自由现金流/营收 | — | 3.1% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | — | $49.6M |
8季度趋势，按日历期对齐
经营现金流MACMNRO
| Q4 25 | $50.2M | $17.8M | ||
| Q3 25 | $112.4M | $32.3M | ||
| Q2 25 | $70.5M | $-1.9M | ||
| Q1 25 | $88.5M | $28.9M | ||
| Q4 24 | $54.9M | $14.8M | ||
| Q3 24 | $100.0M | $62.6M | ||
| Q2 24 | $67.4M | $25.6M | ||
| Q1 24 | $61.1M | $-5.3M |
自由现金流MACMNRO
| Q4 25 | — | $9.1M | ||
| Q3 25 | — | $26.6M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | — | $23.2M | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $16.8M | ||
| Q1 24 | — | $-11.9M |
自由现金流率MACMNRO
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 19.1% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -3.8% |
资本支出强度MACMNRO
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 2.1% |
现金转化率MACMNRO
| Q4 25 | — | 1.60× | ||
| Q3 25 | — | 5.71× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.23× | ||
| Q3 24 | — | 11.08× | ||
| Q2 24 | 0.27× | 4.37× | ||
| Q1 24 | — | -1.42× |
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
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
