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MACERICH CO（MAC）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是MACERICH CO的1.6倍（$411.1M vs $261.7M），UiPath, Inc.净利率更高（48.4% vs -7.2%，领先55.5%），UiPath, Inc.同比增速更快（15.9% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
MAC vs PATH — 直观对比
营收规模更大
PATH
是对方的1.6倍
$261.7M
营收增速更快
PATH
高出20.3%
-4.4%
净利率更高
PATH
高出55.5%
-7.2%
两年增速更快
MAC
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $411.1M |
| 净利润 | $-18.8M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | — | 3.2% |
| 净利率 | -7.2% | 48.4% |
| 营收同比 | -4.4% | 15.9% |
| 净利润同比 | 91.1% | 1966.2% |
| 每股收益（稀释后） | $-0.08 | $0.37 |
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MACPATH
| Q4 25 | $261.7M | $411.1M | ||
| Q3 25 | $253.3M | $361.7M | ||
| Q2 25 | $249.8M | $356.6M | ||
| Q1 25 | $249.2M | $423.6M | ||
| Q4 24 | $273.7M | $354.7M | ||
| Q3 24 | $220.2M | $316.3M | ||
| Q2 24 | $215.5M | $335.1M | ||
| Q1 24 | $208.8M | $405.3M |
净利润MACPATH
| Q4 25 | $-18.8M | $198.8M | ||
| Q3 25 | $-87.4M | $1.6M | ||
| Q2 25 | $-40.9M | $-22.6M | ||
| Q1 25 | $-50.1M | $51.8M | ||
| Q4 24 | $-211.2M | $-10.7M | ||
| Q3 24 | $-108.2M | $-86.1M | ||
| Q2 24 | $252.0M | $-28.7M | ||
| Q1 24 | $-126.7M | $33.9M |
毛利率MACPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率MACPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | -5.6% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | — | -14.8% | ||
| Q1 24 | — | 3.7% |
净利率MACPATH
| Q4 25 | -7.2% | 48.4% | ||
| Q3 25 | -34.5% | 0.4% | ||
| Q2 25 | -16.4% | -6.3% | ||
| Q1 25 | -20.1% | 12.2% | ||
| Q4 24 | -77.2% | -3.0% | ||
| Q3 24 | -49.1% | -27.2% | ||
| Q2 24 | 116.9% | -8.6% | ||
| Q1 24 | -60.7% | 8.4% |
每股收益（稀释后）MACPATH
| Q4 25 | $-0.08 | $0.37 | ||
| Q3 25 | $-0.34 | $0.00 | ||
| Q2 25 | $-0.16 | $-0.04 | ||
| Q1 25 | $-0.20 | $0.09 | ||
| Q4 24 | $-0.95 | $-0.02 | ||
| Q3 24 | $-0.50 | $-0.15 | ||
| Q2 24 | $1.16 | $-0.05 | ||
| Q1 24 | $-0.59 | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $2.4B | $1.9B |
| 总资产 | $8.4B | $2.9B |
| 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MACPATH
| Q4 25 | $280.2M | $1.4B | ||
| Q3 25 | $290.2M | $1.4B | ||
| Q2 25 | $131.1M | $1.6B | ||
| Q1 25 | $253.2M | $1.6B | ||
| Q4 24 | $89.9M | $1.6B | ||
| Q3 24 | $116.5M | $1.7B | ||
| Q2 24 | $70.7M | $1.9B | ||
| Q1 24 | $120.1M | $1.9B |
总债务MACPATH
| 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MACPATH
| Q4 25 | $2.4B | $1.9B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.5B | $2.0B | ||
| Q1 24 | $2.3B | $2.0B |
总资产MACPATH
| Q4 25 | $8.4B | $2.9B | ||
| Q3 25 | $8.4B | $2.6B | ||
| Q2 25 | $8.7B | $2.6B | ||
| Q1 25 | $8.7B | $2.9B | ||
| Q4 24 | $8.6B | $2.7B | ||
| Q3 24 | $7.6B | $2.7B | ||
| Q2 24 | $7.8B | $2.8B | ||
| Q1 24 | $7.4B | $3.0B |
负债/权益比MACPATH
| 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 | $50.2M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MACPATH
| Q4 25 | $50.2M | $28.3M | ||
| Q3 25 | $112.4M | $41.6M | ||
| Q2 25 | $70.5M | $119.0M | ||
| Q1 25 | $88.5M | $146.1M | ||
| Q4 24 | $54.9M | $28.1M | ||
| Q3 24 | $100.0M | $46.4M | ||
| Q2 24 | $67.4M | $100.0M | ||
| Q1 24 | $61.1M | $145.6M |
自由现金流MACPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率MACPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度MACPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率MACPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | — | 4.29× |
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
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
