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MACERICH CO（MAC）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是MACERICH CO的1.3倍（$342.1M vs $261.7M），Stitch Fix, Inc.净利率更高（-1.9% vs -7.2%，领先5.3%），Stitch Fix, Inc.同比增速更快（7.3% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
MAC vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.3倍
$261.7M
营收增速更快
SFIX
高出11.7%
-4.4%
净利率更高
SFIX
高出5.3%
-7.2%
两年增速更快
MAC
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $342.1M |
| 净利润 | $-18.8M | $-6.4M |
| 毛利率 | — | 43.6% |
| 营业利润率 | — | -2.5% |
| 净利率 | -7.2% | -1.9% |
| 营收同比 | -4.4% | 7.3% |
| 净利润同比 | 91.1% | -1.7% |
| 每股收益（稀释后） | $-0.08 | $-0.05 |
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MACSFIX
| Q4 25 | $261.7M | $342.1M | ||
| Q3 25 | $253.3M | $311.2M | ||
| Q2 25 | $249.8M | $325.0M | ||
| Q1 25 | $249.2M | $312.1M | ||
| Q4 24 | $273.7M | $318.8M | ||
| Q3 24 | $220.2M | $319.6M | ||
| Q2 24 | $215.5M | $322.7M | ||
| Q1 24 | $208.8M | $330.4M |
净利润MACSFIX
| Q4 25 | $-18.8M | $-6.4M | ||
| Q3 25 | $-87.4M | $-8.6M | ||
| Q2 25 | $-40.9M | $-7.4M | ||
| Q1 25 | $-50.1M | $-6.5M | ||
| Q4 24 | $-211.2M | $-6.3M | ||
| Q3 24 | $-108.2M | $-36.5M | ||
| Q2 24 | $252.0M | $-21.3M | ||
| Q1 24 | $-126.7M | $-35.5M |
毛利率MACSFIX
| Q4 25 | — | 43.6% | ||
| Q3 25 | — | 43.6% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 44.6% | ||
| Q2 24 | — | 45.5% | ||
| Q1 24 | — | 43.4% |
营业利润率MACSFIX
| Q4 25 | — | -2.5% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -3.0% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | -13.1% | ||
| Q2 24 | — | -7.7% | ||
| Q1 24 | — | -11.5% |
净利率MACSFIX
| Q4 25 | -7.2% | -1.9% | ||
| Q3 25 | -34.5% | -2.8% | ||
| Q2 25 | -16.4% | -2.3% | ||
| Q1 25 | -20.1% | -2.1% | ||
| Q4 24 | -77.2% | -2.0% | ||
| Q3 24 | -49.1% | -11.4% | ||
| Q2 24 | 116.9% | -6.6% | ||
| Q1 24 | -60.7% | -10.8% |
每股收益（稀释后）MACSFIX
| Q4 25 | $-0.08 | $-0.05 | ||
| Q3 25 | $-0.34 | $-0.06 | ||
| Q2 25 | $-0.16 | $-0.06 | ||
| Q1 25 | $-0.20 | $-0.05 | ||
| Q4 24 | $-0.95 | $-0.05 | ||
| Q3 24 | $-0.50 | $-0.29 | ||
| Q2 24 | $1.16 | $-0.18 | ||
| Q1 24 | $-0.59 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $2.4B | $204.1M |
| 总资产 | $8.4B | $530.7M |
| 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MACSFIX
| Q4 25 | $280.2M | $244.2M | ||
| Q3 25 | $290.2M | $234.9M | ||
| Q2 25 | $131.1M | $234.2M | ||
| Q1 25 | $253.2M | $219.1M | ||
| Q4 24 | $89.9M | $253.3M | ||
| Q3 24 | $116.5M | $247.0M | ||
| Q2 24 | $70.7M | $244.5M | ||
| Q1 24 | $120.1M | $229.8M |
总债务MACSFIX
| 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MACSFIX
| Q4 25 | $2.4B | $204.1M | ||
| Q3 25 | $2.5B | $203.0M | ||
| Q2 25 | $2.6B | $200.4M | ||
| Q1 25 | $2.7B | $197.8M | ||
| Q4 24 | $2.8B | $190.5M | ||
| Q3 24 | $2.5B | $187.0M | ||
| Q2 24 | $2.5B | $208.9M | ||
| Q1 24 | $2.3B | $213.3M |
总资产MACSFIX
| Q4 25 | $8.4B | $530.7M | ||
| Q3 25 | $8.4B | $480.6M | ||
| Q2 25 | $8.7B | $484.7M | ||
| Q1 25 | $8.7B | $472.6M | ||
| Q4 24 | $8.6B | $507.1M | ||
| Q3 24 | $7.6B | $486.9M | ||
| Q2 24 | $7.8B | $537.0M | ||
| Q1 24 | $7.4B | $538.3M |
负债/权益比MACSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | — | $5.6M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | — | $4.9M |
8季度趋势，按日历期对齐
经营现金流MACSFIX
| Q4 25 | $50.2M | $10.9M | ||
| Q3 25 | $112.4M | $7.0M | ||
| Q2 25 | $70.5M | $20.5M | ||
| Q1 25 | $88.5M | $-16.2M | ||
| Q4 24 | $54.9M | $14.3M | ||
| Q3 24 | $100.0M | $8.2M | ||
| Q2 24 | $67.4M | $21.7M | ||
| Q1 24 | $61.1M | $-22.3M |
自由现金流MACSFIX
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | $2.8M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $-19.4M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $18.9M | ||
| Q1 24 | — | $-26.1M |
自由现金流率MACSFIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | -7.9% |
资本支出强度MACSFIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.1% |
现金转化率MACSFIX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
