vs
MACERICH CO（MAC）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是MACERICH CO的1.8倍（$461.6M vs $261.7M），RBC Bearings INC净利率更高（14.6% vs -7.2%，领先21.8%），RBC Bearings INC同比增速更快（17.0% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
MAC vs RBC — 直观对比
营收规模更大
RBC
是对方的1.8倍
$261.7M
营收增速更快
RBC
高出21.4%
-4.4%
净利率更高
RBC
高出21.8%
-7.2%
两年增速更快
MAC
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $461.6M |
| 净利润 | $-18.8M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | — | 22.3% |
| 净利率 | -7.2% | 14.6% |
| 营收同比 | -4.4% | 17.0% |
| 净利润同比 | 91.1% | 16.4% |
| 每股收益（稀释后） | $-0.08 | $2.13 |
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MACRBC
| Q4 25 | $261.7M | $461.6M | ||
| Q3 25 | $253.3M | $455.3M | ||
| Q2 25 | $249.8M | $436.0M | ||
| Q1 25 | $249.2M | $437.7M | ||
| Q4 24 | $273.7M | $394.4M | ||
| Q3 24 | $220.2M | $397.9M | ||
| Q2 24 | $215.5M | $406.3M | ||
| Q1 24 | $208.8M | $413.7M |
净利润MACRBC
| Q4 25 | $-18.8M | $67.4M | ||
| Q3 25 | $-87.4M | $60.0M | ||
| Q2 25 | $-40.9M | $68.5M | ||
| Q1 25 | $-50.1M | $72.7M | ||
| Q4 24 | $-211.2M | $57.9M | ||
| Q3 24 | $-108.2M | $54.2M | ||
| Q2 24 | $252.0M | $61.4M | ||
| Q1 24 | $-126.7M | — |
毛利率MACRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率MACRBC
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 22.8% |
净利率MACRBC
| Q4 25 | -7.2% | 14.6% | ||
| Q3 25 | -34.5% | 13.2% | ||
| Q2 25 | -16.4% | 15.7% | ||
| Q1 25 | -20.1% | 16.6% | ||
| Q4 24 | -77.2% | 14.7% | ||
| Q3 24 | -49.1% | 13.6% | ||
| Q2 24 | 116.9% | 15.1% | ||
| Q1 24 | -60.7% | — |
每股收益（稀释后）MACRBC
| Q4 25 | $-0.08 | $2.13 | ||
| Q3 25 | $-0.34 | $1.90 | ||
| Q2 25 | $-0.16 | $2.17 | ||
| Q1 25 | $-0.20 | $2.33 | ||
| Q4 24 | $-0.95 | $1.82 | ||
| Q3 24 | $-0.50 | $1.65 | ||
| Q2 24 | $1.16 | $1.90 | ||
| Q1 24 | $-0.59 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $5.1B | $990.2M |
| 股东权益账面价值 | $2.4B | $3.3B |
| 总资产 | $8.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MACRBC
| Q4 25 | $280.2M | $107.6M | ||
| Q3 25 | $290.2M | $91.2M | ||
| Q2 25 | $131.1M | $132.9M | ||
| Q1 25 | $253.2M | $36.8M | ||
| Q4 24 | $89.9M | — | ||
| Q3 24 | $116.5M | — | ||
| Q2 24 | $70.7M | $76.8M | ||
| Q1 24 | $120.1M | $63.5M |
总债务MACRBC
| Q4 25 | $5.1B | $990.2M | ||
| Q3 25 | $5.1B | $1.1B | ||
| Q2 25 | $5.2B | $915.6M | ||
| Q1 25 | $5.2B | $920.1M | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.1B | $1.2B |
股东权益MACRBC
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.6B | $3.1B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.8B | $2.9B | ||
| Q3 24 | $2.5B | $2.9B | ||
| Q2 24 | $2.5B | $2.8B | ||
| Q1 24 | $2.3B | $2.8B |
总资产MACRBC
| Q4 25 | $8.4B | $5.1B | ||
| Q3 25 | $8.4B | $5.1B | ||
| Q2 25 | $8.7B | $4.8B | ||
| Q1 25 | $8.7B | $4.7B | ||
| Q4 24 | $8.6B | $4.7B | ||
| Q3 24 | $7.6B | $4.7B | ||
| Q2 24 | $7.8B | $4.7B | ||
| Q1 24 | $7.4B | $4.7B |
负债/权益比MACRBC
| Q4 25 | 2.07× | 0.30× | ||
| Q3 25 | 2.02× | 0.34× | ||
| Q2 25 | 2.02× | 0.29× | ||
| Q1 25 | 1.96× | 0.30× | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | 1.75× | — | ||
| Q1 24 | 1.79× | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 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MACRBC
| Q4 25 | $50.2M | $122.1M | ||
| Q3 25 | $112.4M | $88.4M | ||
| Q2 25 | $70.5M | $120.0M | ||
| Q1 25 | $88.5M | — | ||
| Q4 24 | $54.9M | $84.0M | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $67.4M | $97.4M | ||
| Q1 24 | $61.1M | — |
自由现金流MACRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率MACRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度MACRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率MACRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.27× | 1.59× | ||
| 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
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
