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MACERICH CO（MAC）与ROGERS CORP（ROG）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ROGERS CORP的1.3倍（$261.7M vs $200.5M），ROGERS CORP净利率更高（2.2% vs -7.2%，领先9.4%），ROGERS CORP同比增速更快（5.2% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -3.3%）
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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
MAC vs ROG — 直观对比
营收规模更大
MAC
是对方的1.3倍
$200.5M
营收增速更快
ROG
高出9.6%
-4.4%
净利率更高
ROG
高出9.4%
-7.2%
两年增速更快
MAC
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $200.5M |
| 净利润 | $-18.8M | $4.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | — | — |
| 净利率 | -7.2% | 2.2% |
| 营收同比 | -4.4% | 5.2% |
| 净利润同比 | 91.1% | 421.4% |
| 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MACROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $261.7M | $201.5M | ||
| Q3 25 | $253.3M | $216.0M | ||
| Q2 25 | $249.8M | $202.8M | ||
| Q1 25 | $249.2M | $190.5M | ||
| Q4 24 | $273.7M | $192.2M | ||
| Q3 24 | $220.2M | $210.3M | ||
| Q2 24 | $215.5M | $214.2M |
净利润MACROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-18.8M | $4.6M | ||
| Q3 25 | $-87.4M | $8.6M | ||
| Q2 25 | $-40.9M | $-73.6M | ||
| Q1 25 | $-50.1M | $-1.4M | ||
| Q4 24 | $-211.2M | $-500.0K | ||
| Q3 24 | $-108.2M | $10.7M | ||
| Q2 24 | $252.0M | $8.1M |
毛利率MACROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
营业利润率MACROG
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | -33.3% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 5.3% |
净利率MACROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | -7.2% | 2.3% | ||
| Q3 25 | -34.5% | 4.0% | ||
| Q2 25 | -16.4% | -36.3% | ||
| Q1 25 | -20.1% | -0.7% | ||
| Q4 24 | -77.2% | -0.3% | ||
| Q3 24 | -49.1% | 5.1% | ||
| Q2 24 | 116.9% | 3.8% |
每股收益（稀释后）MACROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-0.08 | $0.20 | ||
| Q3 25 | $-0.34 | $0.48 | ||
| Q2 25 | $-0.16 | $-4.00 | ||
| Q1 25 | $-0.20 | $-0.08 | ||
| Q4 24 | $-0.95 | $-0.04 | ||
| Q3 24 | $-0.50 | $0.58 | ||
| Q2 24 | $1.16 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $2.4B | $1.2B |
| 总资产 | $8.4B | $1.4B |
| 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MACROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $280.2M | $197.0M | ||
| Q3 25 | $290.2M | $167.8M | ||
| Q2 25 | $131.1M | $157.2M | ||
| Q1 25 | $253.2M | $175.6M | ||
| Q4 24 | $89.9M | $159.8M | ||
| Q3 24 | $116.5M | $146.4M | ||
| Q2 24 | $70.7M | $119.9M |
总债务MACROG
| Q1 26 | — | — | ||
| 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 | — |
股东权益MACROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $1.3B |
总资产MACROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $8.4B | $1.4B | ||
| Q3 25 | $8.4B | $1.4B | ||
| Q2 25 | $8.7B | $1.5B | ||
| Q1 25 | $8.7B | $1.5B | ||
| Q4 24 | $8.6B | $1.5B | ||
| Q3 24 | $7.6B | $1.5B | ||
| Q2 24 | $7.8B | $1.5B |
负债/权益比MACROG
| Q1 26 | — | — | ||
| 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× | — |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | — | $1.1M |
| 自由现金流率自由现金流/营收 | — | 0.5% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | — | $70.1M |
8季度趋势，按日历期对齐
经营现金流MACROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $50.2M | $46.9M | ||
| Q3 25 | $112.4M | $28.9M | ||
| Q2 25 | $70.5M | $13.7M | ||
| Q1 25 | $88.5M | $11.7M | ||
| Q4 24 | $54.9M | $33.7M | ||
| Q3 24 | $100.0M | $42.4M | ||
| Q2 24 | $67.4M | $22.9M |
自由现金流MACROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $5.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $8.8M |
自由现金流率MACROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 4.1% |
资本支出强度MACROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 6.6% |
现金转化率MACROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | 0.27× | 2.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
