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MACERICH CO（MAC）与LiveRamp Holdings, Inc.（RAMP）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LiveRamp Holdings, Inc.的1.2倍（$261.7M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -7.2%，领先26.0%），LiveRamp Holdings, Inc.同比增速更快（8.6% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 11.1%）
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。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
MAC vs RAMP — 直观对比
营收规模更大
MAC
是对方的1.2倍
$212.2M
营收增速更快
RAMP
高出13.0%
-4.4%
净利率更高
RAMP
高出26.0%
-7.2%
两年增速更快
MAC
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $212.2M |
| 净利润 | $-18.8M | $39.9M |
| 毛利率 | — | 71.9% |
| 营业利润率 | — | 18.6% |
| 净利率 | -7.2% | 18.8% |
| 营收同比 | -4.4% | 8.6% |
| 净利润同比 | 91.1% | 255.7% |
| 每股收益（稀释后） | $-0.08 | $0.62 |
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MACRAMP
| Q4 25 | $261.7M | $212.2M | ||
| Q3 25 | $253.3M | $199.8M | ||
| Q2 25 | $249.8M | $194.8M | ||
| Q1 25 | $249.2M | $188.7M | ||
| Q4 24 | $273.7M | $195.4M | ||
| Q3 24 | $220.2M | $185.5M | ||
| Q2 24 | $215.5M | $176.0M | ||
| Q1 24 | $208.8M | $171.9M |
净利润MACRAMP
| Q4 25 | $-18.8M | $39.9M | ||
| Q3 25 | $-87.4M | $27.4M | ||
| Q2 25 | $-40.9M | $7.7M | ||
| Q1 25 | $-50.1M | $-6.3M | ||
| Q4 24 | $-211.2M | $11.2M | ||
| Q3 24 | $-108.2M | $1.7M | ||
| Q2 24 | $252.0M | $-7.5M | ||
| Q1 24 | $-126.7M | $-5.4M |
毛利率MACRAMP
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率MACRAMP
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | -8.3% |
净利率MACRAMP
| Q4 25 | -7.2% | 18.8% | ||
| Q3 25 | -34.5% | 13.7% | ||
| Q2 25 | -16.4% | 4.0% | ||
| Q1 25 | -20.1% | -3.3% | ||
| Q4 24 | -77.2% | 5.7% | ||
| Q3 24 | -49.1% | 0.9% | ||
| Q2 24 | 116.9% | -4.3% | ||
| Q1 24 | -60.7% | -3.1% |
每股收益（稀释后）MACRAMP
| Q4 25 | $-0.08 | $0.62 | ||
| Q3 25 | $-0.34 | $0.42 | ||
| Q2 25 | $-0.16 | $0.12 | ||
| Q1 25 | $-0.20 | $-0.10 | ||
| Q4 24 | $-0.95 | $0.17 | ||
| Q3 24 | $-0.50 | $0.03 | ||
| Q2 24 | $1.16 | $-0.11 | ||
| Q1 24 | $-0.59 | $-0.09 |
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 | $403.4M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $2.4B | $962.3M |
| 总资产 | $8.4B | $1.3B |
| 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MACRAMP
| Q4 25 | $280.2M | $403.4M | ||
| Q3 25 | $290.2M | $376.9M | ||
| Q2 25 | $131.1M | $371.1M | ||
| Q1 25 | $253.2M | $420.8M | ||
| Q4 24 | $89.9M | $384.3M | ||
| Q3 24 | $116.5M | $348.4M | ||
| Q2 24 | $70.7M | $342.7M | ||
| Q1 24 | $120.1M | $368.9M |
总债务MACRAMP
| 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MACRAMP
| Q4 25 | $2.4B | $962.3M | ||
| Q3 25 | $2.5B | $943.8M | ||
| Q2 25 | $2.6B | $947.8M | ||
| Q1 25 | $2.7B | $948.9M | ||
| Q4 24 | $2.8B | $957.7M | ||
| Q3 24 | $2.5B | $932.1M | ||
| Q2 24 | $2.5B | $951.9M | ||
| Q1 24 | $2.3B | $949.1M |
总资产MACRAMP
| Q4 25 | $8.4B | $1.3B | ||
| Q3 25 | $8.4B | $1.2B | ||
| Q2 25 | $8.7B | $1.2B | ||
| Q1 25 | $8.7B | $1.3B | ||
| Q4 24 | $8.6B | $1.3B | ||
| Q3 24 | $7.6B | $1.2B | ||
| Q2 24 | $7.8B | $1.2B | ||
| Q1 24 | $7.4B | $1.2B |
负债/权益比MACRAMP
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MACRAMP
| Q4 25 | $50.2M | — | ||
| Q3 25 | $112.4M | $57.4M | ||
| Q2 25 | $70.5M | $-15.8M | ||
| Q1 25 | $88.5M | — | ||
| Q4 24 | $54.9M | $45.1M | ||
| Q3 24 | $100.0M | $55.6M | ||
| Q2 24 | $67.4M | $-9.3M | ||
| Q1 24 | $61.1M | — |
自由现金流MACRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
自由现金流率MACRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
资本支出强度MACRAMP
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
现金转化率MACRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| 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
