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MACERICH CO（MAC）与ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的1.1倍（$261.7M vs $242.1M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs -7.2%，领先12.2%），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 7.1%）
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。
MAC vs OSW — 直观对比
营收规模更大
MAC
是对方的1.1倍
$242.1M
营收增速更快
OSW
高出15.8%
-4.4%
净利率更高
OSW
高出12.2%
-7.2%
两年增速更快
MAC
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $242.1M |
| 净利润 | $-18.8M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.8% |
| 净利率 | -7.2% | 5.0% |
| 营收同比 | -4.4% | 11.5% |
| 净利润同比 | 91.1% | -16.2% |
| 每股收益（稀释后） | $-0.08 | $0.12 |
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MACOSW
| Q4 25 | $261.7M | $242.1M | ||
| Q3 25 | $253.3M | $258.5M | ||
| Q2 25 | $249.8M | $240.7M | ||
| Q1 25 | $249.2M | $219.6M | ||
| Q4 24 | $273.7M | $217.2M | ||
| Q3 24 | $220.2M | $241.7M | ||
| Q2 24 | $215.5M | $224.9M | ||
| Q1 24 | $208.8M | $211.2M |
净利润MACOSW
| Q4 25 | $-18.8M | $12.1M | ||
| Q3 25 | $-87.4M | $24.3M | ||
| Q2 25 | $-40.9M | $19.9M | ||
| Q1 25 | $-50.1M | $15.3M | ||
| Q4 24 | $-211.2M | $14.4M | ||
| Q3 24 | $-108.2M | $21.6M | ||
| Q2 24 | $252.0M | $15.8M | ||
| Q1 24 | $-126.7M | $21.2M |
营业利润率MACOSW
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 8.0% |
净利率MACOSW
| Q4 25 | -7.2% | 5.0% | ||
| Q3 25 | -34.5% | 9.4% | ||
| Q2 25 | -16.4% | 8.3% | ||
| Q1 25 | -20.1% | 7.0% | ||
| Q4 24 | -77.2% | 6.6% | ||
| Q3 24 | -49.1% | 8.9% | ||
| Q2 24 | 116.9% | 7.0% | ||
| Q1 24 | -60.7% | 10.0% |
每股收益（稀释后）MACOSW
| Q4 25 | $-0.08 | $0.12 | ||
| Q3 25 | $-0.34 | $0.23 | ||
| Q2 25 | $-0.16 | $0.19 | ||
| Q1 25 | $-0.20 | $0.15 | ||
| Q4 24 | $-0.95 | $0.13 | ||
| Q3 24 | $-0.50 | $0.20 | ||
| Q2 24 | $1.16 | $0.15 | ||
| Q1 24 | $-0.59 | $0.21 |
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 | $16.3M |
| 总债务越低越好 | $5.1B | $84.0M |
| 股东权益账面价值 | $2.4B | $542.6M |
| 总资产 | $8.4B | $707.1M |
| 负债/权益比越低杠杆越低 | 2.07× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资MACOSW
| Q4 25 | $280.2M | $16.3M | ||
| Q3 25 | $290.2M | $29.6M | ||
| Q2 25 | $131.1M | $35.0M | ||
| Q1 25 | $253.2M | $22.6M | ||
| Q4 24 | $89.9M | $57.4M | ||
| Q3 24 | $116.5M | $48.8M | ||
| Q2 24 | $70.7M | $62.5M | ||
| Q1 24 | $120.1M | $65.4M |
总债务MACOSW
| Q4 25 | $5.1B | $84.0M | ||
| Q3 25 | $5.1B | $85.2M | ||
| Q2 25 | $5.2B | $96.2M | ||
| Q1 25 | $5.2B | $97.4M | ||
| Q4 24 | $4.9B | $98.6M | ||
| Q3 24 | $4.3B | $98.7M | ||
| Q2 24 | $4.4B | $123.8M | ||
| Q1 24 | $4.1B | $138.6M |
股东权益MACOSW
| Q4 25 | $2.4B | $542.6M | ||
| Q3 25 | $2.5B | $552.8M | ||
| Q2 25 | $2.6B | $548.3M | ||
| Q1 25 | $2.7B | $530.6M | ||
| Q4 24 | $2.8B | $554.5M | ||
| Q3 24 | $2.5B | $540.1M | ||
| Q2 24 | $2.5B | $532.7M | ||
| Q1 24 | $2.3B | $515.5M |
总资产MACOSW
| Q4 25 | $8.4B | $707.1M | ||
| Q3 25 | $8.4B | $732.6M | ||
| Q2 25 | $8.7B | $731.8M | ||
| Q1 25 | $8.7B | $708.7M | ||
| Q4 24 | $8.6B | $746.4M | ||
| Q3 24 | $7.6B | $734.0M | ||
| Q2 24 | $7.8B | $756.8M | ||
| Q1 24 | $7.4B | $763.6M |
负债/权益比MACOSW
| Q4 25 | 2.07× | 0.15× | ||
| Q3 25 | 2.02× | 0.15× | ||
| Q2 25 | 2.02× | 0.18× | ||
| Q1 25 | 1.96× | 0.18× | ||
| Q4 24 | 1.78× | 0.18× | ||
| Q3 24 | 1.73× | 0.18× | ||
| Q2 24 | 1.75× | 0.23× | ||
| Q1 24 | 1.79× | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | — | $14.9M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 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 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $68.4M |
8季度趋势，按日历期对齐
经营现金流MACOSW
| Q4 25 | $50.2M | $20.0M | ||
| Q3 25 | $112.4M | $33.2M | ||
| Q2 25 | $70.5M | $20.3M | ||
| Q1 25 | $88.5M | $10.1M | ||
| Q4 24 | $54.9M | $16.6M | ||
| Q3 24 | $100.0M | $28.6M | ||
| Q2 24 | $67.4M | $18.7M | ||
| Q1 24 | $61.1M | $15.0M |
自由现金流MACOSW
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | — | $13.7M |
自由现金流率MACOSW
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 6.5% |
资本支出强度MACOSW
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
现金转化率MACOSW
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 0.27× | 1.19× | ||
| Q1 24 | — | 0.71× |
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
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
