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MACERICH CO（MAC）与Childrens Place, Inc.（PLCE）财务数据对比。点击上方公司名可切换其他公司
Childrens Place, Inc.的季度营收约是MACERICH CO的1.3倍（$339.5M vs $261.7M），Childrens Place, Inc.净利率更高（-1.3% vs -7.2%，领先5.9%），MACERICH CO同比增速更快（-4.4% vs -13.0%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -13.6%）
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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
MAC vs PLCE — 直观对比
营收规模更大
PLCE
是对方的1.3倍
$261.7M
营收增速更快
MAC
高出8.6%
-13.0%
净利率更高
PLCE
高出5.9%
-7.2%
两年增速更快
MAC
近两年复合增速
-13.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $339.5M |
| 净利润 | $-18.8M | $-4.3M |
| 毛利率 | — | 33.1% |
| 营业利润率 | — | 1.1% |
| 净利率 | -7.2% | -1.3% |
| 营收同比 | -4.4% | -13.0% |
| 净利润同比 | 91.1% | -121.5% |
| 每股收益（稀释后） | $-0.08 | $-0.19 |
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MACPLCE
| Q4 25 | $261.7M | $339.5M | ||
| Q3 25 | $253.3M | $298.0M | ||
| Q2 25 | $249.8M | $242.1M | ||
| Q1 25 | $249.2M | $408.6M | ||
| Q4 24 | $273.7M | $390.2M | ||
| Q3 24 | $220.2M | $319.7M | ||
| Q2 24 | $215.5M | $267.9M | ||
| Q1 24 | $208.8M | $455.0M |
净利润MACPLCE
| Q4 25 | $-18.8M | $-4.3M | ||
| Q3 25 | $-87.4M | $-5.4M | ||
| Q2 25 | $-40.9M | $-34.0M | ||
| Q1 25 | $-50.1M | $-8.0M | ||
| Q4 24 | $-211.2M | $20.1M | ||
| Q3 24 | $-108.2M | $-32.1M | ||
| Q2 24 | $252.0M | $-37.8M | ||
| Q1 24 | $-126.7M | $-128.8M |
毛利率MACPLCE
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 21.8% |
营业利润率MACPLCE
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | -10.0% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | -6.8% | ||
| Q2 24 | — | -10.4% | ||
| Q1 24 | — | -13.6% |
净利率MACPLCE
| Q4 25 | -7.2% | -1.3% | ||
| Q3 25 | -34.5% | -1.8% | ||
| Q2 25 | -16.4% | -14.1% | ||
| Q1 25 | -20.1% | -2.0% | ||
| Q4 24 | -77.2% | 5.1% | ||
| Q3 24 | -49.1% | -10.0% | ||
| Q2 24 | 116.9% | -14.1% | ||
| Q1 24 | -60.7% | -28.3% |
每股收益（稀释后）MACPLCE
| Q4 25 | $-0.08 | $-0.19 | ||
| Q3 25 | $-0.34 | $-0.24 | ||
| Q2 25 | $-0.16 | $-1.57 | ||
| Q1 25 | $-0.20 | $-0.60 | ||
| Q4 24 | $-0.95 | $1.57 | ||
| Q3 24 | $-0.50 | $-2.51 | ||
| Q2 24 | $1.16 | $-2.98 | ||
| Q1 24 | $-0.59 | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | $5.1B | $107.4M |
| 股东权益账面价值 | $2.4B | $-8.6M |
| 总资产 | $8.4B | $762.5M |
| 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MACPLCE
| Q4 25 | $280.2M | $7.3M | ||
| Q3 25 | $290.2M | $7.8M | ||
| Q2 25 | $131.1M | $5.7M | ||
| Q1 25 | $253.2M | $5.3M | ||
| Q4 24 | $89.9M | $5.7M | ||
| Q3 24 | $116.5M | $9.6M | ||
| Q2 24 | $70.7M | $13.0M | ||
| Q1 24 | $120.1M | $13.6M |
总债务MACPLCE
| Q4 25 | $5.1B | $107.4M | ||
| Q3 25 | $5.1B | $107.2M | ||
| Q2 25 | $5.2B | $107.0M | ||
| Q1 25 | $5.2B | $166.0M | ||
| Q4 24 | $4.9B | $165.7M | ||
| Q3 24 | $4.3B | $165.4M | ||
| Q2 24 | $4.4B | $166.6M | ||
| Q1 24 | $4.1B | $49.8M |
股东权益MACPLCE
| Q4 25 | $2.4B | $-8.6M | ||
| Q3 25 | $2.5B | $-4.9M | ||
| Q2 25 | $2.6B | $1.4M | ||
| Q1 25 | $2.7B | $-59.4M | ||
| Q4 24 | $2.8B | $-49.6M | ||
| Q3 24 | $2.5B | $-68.9M | ||
| Q2 24 | $2.5B | $-34.9M | ||
| Q1 24 | $2.3B | $-9.0M |
总资产MACPLCE
| Q4 25 | $8.4B | $762.5M | ||
| Q3 25 | $8.4B | $805.1M | ||
| Q2 25 | $8.7B | $779.6M | ||
| Q1 25 | $8.7B | $747.6M | ||
| Q4 24 | $8.6B | $888.8M | ||
| Q3 24 | $7.6B | $921.4M | ||
| Q2 24 | $7.8B | $848.3M | ||
| Q1 24 | $7.4B | $800.3M |
负债/权益比MACPLCE
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 2.02× | 75.63× | ||
| 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 | $6.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.4M |
| 自由现金流率自由现金流/营收 | — | -1.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 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 | — | $39.5M |
8季度趋势，按日历期对齐
经营现金流MACPLCE
| Q4 25 | $50.2M | $6.2M | ||
| Q3 25 | $112.4M | $-30.5M | ||
| Q2 25 | $70.5M | $-43.0M | ||
| Q1 25 | $88.5M | $121.3M | ||
| Q4 24 | $54.9M | $-44.2M | ||
| Q3 24 | $100.0M | $-83.9M | ||
| Q2 24 | $67.4M | $-110.8M | ||
| Q1 24 | $61.1M | $135.4M |
自由现金流MACPLCE
| Q4 25 | — | $-3.4M | ||
| Q3 25 | — | $-31.9M | ||
| Q2 25 | — | $-46.4M | ||
| Q1 25 | — | $121.2M | ||
| Q4 24 | — | $-47.7M | ||
| Q3 24 | — | $-91.7M | ||
| Q2 24 | — | $-115.5M | ||
| Q1 24 | — | $132.2M |
自由现金流率MACPLCE
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | — | -19.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | — | -28.7% | ||
| Q2 24 | — | -43.1% | ||
| Q1 24 | — | 29.1% |
资本支出强度MACPLCE
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 0.7% |
现金转化率MACPLCE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2.20× | ||
| 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
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
