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MACERICH CO（MAC）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是MACERICH CO的1.3倍（$349.1M vs $261.7M），MACERICH CO净利率更高（-7.2% vs -10.8%，领先3.6%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs -4.4%），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% vs 12.0%）
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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
MAC vs PCOR — 直观对比
营收规模更大
PCOR
是对方的1.3倍
$261.7M
营收增速更快
PCOR
高出20.0%
-4.4%
净利率更高
MAC
高出3.6%
-10.8%
两年增速更快
PCOR
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $349.1M |
| 净利润 | $-18.8M | $-37.6M |
| 毛利率 | — | 80.1% |
| 营业利润率 | — | -12.3% |
| 净利率 | -7.2% | -10.8% |
| 营收同比 | -4.4% | 15.6% |
| 净利润同比 | 91.1% | 39.6% |
| 每股收益（稀释后） | $-0.08 | $-0.25 |
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MACPCOR
| Q4 25 | $261.7M | $349.1M | ||
| Q3 25 | $253.3M | $338.9M | ||
| Q2 25 | $249.8M | $323.9M | ||
| Q1 25 | $249.2M | $310.6M | ||
| Q4 24 | $273.7M | $302.0M | ||
| Q3 24 | $220.2M | $295.9M | ||
| Q2 24 | $215.5M | $284.3M | ||
| Q1 24 | $208.8M | $269.4M |
净利润MACPCOR
| Q4 25 | $-18.8M | $-37.6M | ||
| Q3 25 | $-87.4M | $-9.1M | ||
| Q2 25 | $-40.9M | $-21.1M | ||
| Q1 25 | $-50.1M | $-33.0M | ||
| Q4 24 | $-211.2M | $-62.3M | ||
| Q3 24 | $-108.2M | $-26.4M | ||
| Q2 24 | $252.0M | $-6.3M | ||
| Q1 24 | $-126.7M | $-11.0M |
毛利率MACPCOR
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
营业利润率MACPCOR
| Q4 25 | — | -12.3% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -9.3% | ||
| Q1 25 | — | -11.7% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | — | -12.3% | ||
| Q2 24 | — | -5.2% | ||
| Q1 24 | — | -7.0% |
净利率MACPCOR
| Q4 25 | -7.2% | -10.8% | ||
| Q3 25 | -34.5% | -2.7% | ||
| Q2 25 | -16.4% | -6.5% | ||
| Q1 25 | -20.1% | -10.6% | ||
| Q4 24 | -77.2% | -20.6% | ||
| Q3 24 | -49.1% | -8.9% | ||
| Q2 24 | 116.9% | -2.2% | ||
| Q1 24 | -60.7% | -4.1% |
每股收益（稀释后）MACPCOR
| Q4 25 | $-0.08 | $-0.25 | ||
| Q3 25 | $-0.34 | $-0.06 | ||
| Q2 25 | $-0.16 | $-0.14 | ||
| Q1 25 | $-0.20 | $-0.22 | ||
| Q4 24 | $-0.95 | $-0.42 | ||
| Q3 24 | $-0.50 | $-0.18 | ||
| Q2 24 | $1.16 | $-0.04 | ||
| Q1 24 | $-0.59 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $2.4B | $1.3B |
| 总资产 | $8.4B | $2.2B |
| 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MACPCOR
| Q4 25 | $280.2M | $768.5M | ||
| Q3 25 | $290.2M | $684.0M | ||
| Q2 25 | $131.1M | $620.9M | ||
| Q1 25 | $253.2M | $566.7M | ||
| Q4 24 | $89.9M | $775.4M | ||
| Q3 24 | $116.5M | $756.9M | ||
| Q2 24 | $70.7M | $735.4M | ||
| Q1 24 | $120.1M | $744.6M |
总债务MACPCOR
| 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MACPCOR
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $1.3B | ||
| Q1 24 | $2.3B | $1.2B |
总资产MACPCOR
| Q4 25 | $8.4B | $2.2B | ||
| Q3 25 | $8.4B | $2.1B | ||
| Q2 25 | $8.7B | $2.0B | ||
| Q1 25 | $8.7B | $1.9B | ||
| Q4 24 | $8.6B | $2.1B | ||
| Q3 24 | $7.6B | $2.0B | ||
| Q2 24 | $7.8B | $2.0B | ||
| Q1 24 | $7.4B | $1.9B |
负债/权益比MACPCOR
| 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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | — | $109.2M |
| 自由现金流率自由现金流/营收 | — | 31.3% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $282.2M |
8季度趋势，按日历期对齐
经营现金流MACPCOR
| Q4 25 | $50.2M | $114.9M | ||
| Q3 25 | $112.4M | $88.5M | ||
| Q2 25 | $70.5M | $30.8M | ||
| Q1 25 | $88.5M | $66.0M | ||
| Q4 24 | $54.9M | $29.1M | ||
| Q3 24 | $100.0M | $39.3M | ||
| Q2 24 | $67.4M | $58.7M | ||
| Q1 24 | $61.1M | $69.1M |
自由现金流MACPCOR
| Q4 25 | — | $109.2M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
自由现金流率MACPCOR
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
资本支出强度MACPCOR
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
现金转化率MACPCOR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
