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MACERICH CO（MAC）与QUALYS, INC.（QLYS）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QUALYS, INC.的1.5倍（$261.7M vs $175.3M），QUALYS, INC.净利率更高（30.3% vs -7.2%，领先37.5%），QUALYS, INC.同比增速更快（10.1% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 9.6%）
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。
Qualys是总部位于美国加利福尼亚州福斯特城的科技企业，专注于云安全、合规管理及相关服务，为客户提供覆盖云环境的安全防护与合规解决方案，助力企业应对各类网络安全风险，满足不同行业的合规运营需求。
MAC vs QLYS — 直观对比
营收规模更大
MAC
是对方的1.5倍
$175.3M
营收增速更快
QLYS
高出14.5%
-4.4%
净利率更高
QLYS
高出37.5%
-7.2%
两年增速更快
MAC
近两年复合增速
9.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $175.3M |
| 净利润 | $-18.8M | $53.1M |
| 毛利率 | — | 83.4% |
| 营业利润率 | — | 33.6% |
| 净利率 | -7.2% | 30.3% |
| 营收同比 | -4.4% | 10.1% |
| 净利润同比 | 91.1% | 20.9% |
| 每股收益（稀释后） | $-0.08 | $1.47 |
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MACQLYS
| Q4 25 | $261.7M | $175.3M | ||
| Q3 25 | $253.3M | $169.9M | ||
| Q2 25 | $249.8M | $164.1M | ||
| Q1 25 | $249.2M | $159.9M | ||
| Q4 24 | $273.7M | $159.2M | ||
| Q3 24 | $220.2M | $153.9M | ||
| Q2 24 | $215.5M | $148.7M | ||
| Q1 24 | $208.8M | $145.8M |
净利润MACQLYS
| Q4 25 | $-18.8M | $53.1M | ||
| Q3 25 | $-87.4M | $50.3M | ||
| Q2 25 | $-40.9M | $47.3M | ||
| Q1 25 | $-50.1M | $47.5M | ||
| Q4 24 | $-211.2M | $44.0M | ||
| Q3 24 | $-108.2M | $46.2M | ||
| Q2 24 | $252.0M | $43.8M | ||
| Q1 24 | $-126.7M | $39.7M |
毛利率MACQLYS
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% | ||
| Q1 24 | — | 81.3% |
营业利润率MACQLYS
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 30.7% |
净利率MACQLYS
| Q4 25 | -7.2% | 30.3% | ||
| Q3 25 | -34.5% | 29.6% | ||
| Q2 25 | -16.4% | 28.8% | ||
| Q1 25 | -20.1% | 29.7% | ||
| Q4 24 | -77.2% | 27.6% | ||
| Q3 24 | -49.1% | 30.0% | ||
| Q2 24 | 116.9% | 29.4% | ||
| Q1 24 | -60.7% | 27.2% |
每股收益（稀释后）MACQLYS
| Q4 25 | $-0.08 | $1.47 | ||
| Q3 25 | $-0.34 | $1.39 | ||
| Q2 25 | $-0.16 | $1.29 | ||
| Q1 25 | $-0.20 | $1.29 | ||
| Q4 24 | $-0.95 | $1.19 | ||
| Q3 24 | $-0.50 | $1.24 | ||
| Q2 24 | $1.16 | $1.17 | ||
| Q1 24 | $-0.59 | $1.05 |
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 | $250.3M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $2.4B | $561.2M |
| 总资产 | $8.4B | $1.1B |
| 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MACQLYS
| Q4 25 | $280.2M | $250.3M | ||
| Q3 25 | $290.2M | $225.3M | ||
| Q2 25 | $131.1M | $194.0M | ||
| Q1 25 | $253.2M | $290.7M | ||
| Q4 24 | $89.9M | $232.2M | ||
| Q3 24 | $116.5M | $235.4M | ||
| Q2 24 | $70.7M | $281.2M | ||
| Q1 24 | $120.1M | $273.8M |
总债务MACQLYS
| 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MACQLYS
| Q4 25 | $2.4B | $561.2M | ||
| Q3 25 | $2.5B | $529.4M | ||
| Q2 25 | $2.6B | $508.2M | ||
| Q1 25 | $2.7B | $498.0M | ||
| Q4 24 | $2.8B | $477.1M | ||
| Q3 24 | $2.5B | $449.6M | ||
| Q2 24 | $2.5B | $427.8M | ||
| Q1 24 | $2.3B | $404.2M |
总资产MACQLYS
| Q4 25 | $8.4B | $1.1B | ||
| Q3 25 | $8.4B | $1.0B | ||
| Q2 25 | $8.7B | $999.5M | ||
| Q1 25 | $8.7B | $996.5M | ||
| Q4 24 | $8.6B | $973.5M | ||
| Q3 24 | $7.6B | $908.3M | ||
| Q2 24 | $7.8B | $876.6M | ||
| Q1 24 | $7.4B | $861.8M |
负债/权益比MACQLYS
| 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 | $75.7M |
| 自由现金流经营现金流 - 资本支出 | — | $74.9M |
| 自由现金流率自由现金流/营收 | — | 42.8% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $304.4M |
8季度趋势，按日历期对齐
经营现金流MACQLYS
| Q4 25 | $50.2M | $75.7M | ||
| Q3 25 | $112.4M | $90.4M | ||
| Q2 25 | $70.5M | $33.8M | ||
| Q1 25 | $88.5M | $109.6M | ||
| Q4 24 | $54.9M | $47.7M | ||
| Q3 24 | $100.0M | $61.0M | ||
| Q2 24 | $67.4M | $49.8M | ||
| Q1 24 | $61.1M | $85.5M |
自由现金流MACQLYS
| Q4 25 | — | $74.9M | ||
| Q3 25 | — | $89.5M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $83.5M |
自由现金流率MACQLYS
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 57.2% |
资本支出强度MACQLYS
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.4% |
现金转化率MACQLYS
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | 0.27× | 1.14× | ||
| Q1 24 | — | 2.15× |
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
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
