vs
MACERICH CO（MAC）与E.W. SCRIPPS Co（SSP）财务数据对比。点击上方公司名可切换其他公司
E.W. SCRIPPS Co的季度营收约是MACERICH CO的2.0倍（$516.9M vs $261.7M），E.W. SCRIPPS Co净利率更高（-0.3% vs -7.2%，领先6.8%），E.W. SCRIPPS Co同比增速更快（-1.4% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -5.1%）
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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
MAC vs SSP — 直观对比
营收规模更大
SSP
是对方的2.0倍
$261.7M
营收增速更快
SSP
高出2.9%
-4.4%
净利率更高
SSP
高出6.8%
-7.2%
两年增速更快
MAC
近两年复合增速
-5.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $516.9M |
| 净利润 | $-18.8M | $-1.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 4.8% |
| 净利率 | -7.2% | -0.3% |
| 营收同比 | -4.4% | -1.4% |
| 净利润同比 | 91.1% | — |
| 每股收益（稀释后） | $-0.08 | — |
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MACSSP
| Q1 26 | — | $516.9M | ||
| Q4 25 | $261.7M | $560.3M | ||
| Q3 25 | $253.3M | $525.9M | ||
| Q2 25 | $249.8M | $540.1M | ||
| Q1 25 | $249.2M | $524.4M | ||
| Q4 24 | $273.7M | $728.4M | ||
| Q3 24 | $220.2M | $646.3M | ||
| Q2 24 | $215.5M | $573.6M |
净利润MACSSP
| Q1 26 | — | $-1.8M | ||
| Q4 25 | $-18.8M | $-28.5M | ||
| Q3 25 | $-87.4M | $-33.0M | ||
| Q2 25 | $-40.9M | $-36.0M | ||
| Q1 25 | $-50.1M | $-3.5M | ||
| Q4 24 | $-211.2M | $95.4M | ||
| Q3 24 | $-108.2M | $47.8M | ||
| Q2 24 | $252.0M | $1.4M |
营业利润率MACSSP
| Q1 26 | — | 4.8% | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 9.7% |
净利率MACSSP
| Q1 26 | — | -0.3% | ||
| Q4 25 | -7.2% | -5.1% | ||
| Q3 25 | -34.5% | -6.3% | ||
| Q2 25 | -16.4% | -6.7% | ||
| Q1 25 | -20.1% | -0.7% | ||
| Q4 24 | -77.2% | 13.1% | ||
| Q3 24 | -49.1% | 7.4% | ||
| Q2 24 | 116.9% | 0.2% |
每股收益（稀释后）MACSSP
| Q1 26 | — | — | ||
| Q4 25 | $-0.08 | $-0.51 | ||
| Q3 25 | $-0.34 | $-0.55 | ||
| Q2 25 | $-0.16 | $-0.59 | ||
| Q1 25 | $-0.20 | $-0.22 | ||
| Q4 24 | $-0.95 | $0.94 | ||
| Q3 24 | $-0.50 | $0.37 | ||
| Q2 24 | $1.16 | $-0.15 |
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 | $83.7M |
| 总债务越低越好 | $5.1B | $0 |
| 股东权益账面价值 | $2.4B | $1.2B |
| 总资产 | $8.4B | $4.9B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MACSSP
| Q1 26 | — | $83.7M | ||
| Q4 25 | $280.2M | $27.9M | ||
| Q3 25 | $290.2M | $54.7M | ||
| Q2 25 | $131.1M | $31.7M | ||
| Q1 25 | $253.2M | $24.0M | ||
| Q4 24 | $89.9M | $23.9M | ||
| Q3 24 | $116.5M | $34.6M | ||
| Q2 24 | $70.7M | $26.7M |
总债务MACSSP
| Q1 26 | — | $0 | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $4.9B | $2.6B | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.4B | — |
股东权益MACSSP
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B |
总资产MACSSP
| Q1 26 | — | $4.9B | ||
| Q4 25 | $8.4B | $5.0B | ||
| Q3 25 | $8.4B | $5.1B | ||
| Q2 25 | $8.7B | $5.1B | ||
| Q1 25 | $8.7B | $5.1B | ||
| Q4 24 | $8.6B | $5.2B | ||
| Q3 24 | $7.6B | $5.3B | ||
| Q2 24 | $7.8B | $5.3B |
负债/权益比MACSSP
| Q1 26 | — | 0.00× | ||
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 1.78× | 1.98× | ||
| 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 | — |
| 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 | — | 0.4% |
| 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MACSSP
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $45.1M | ||
| Q3 25 | $112.4M | $21.8M | ||
| Q2 25 | $70.5M | $-10.5M | ||
| Q1 25 | $88.5M | $-3.3M | ||
| Q4 24 | $54.9M | $153.3M | ||
| Q3 24 | $100.0M | $140.6M | ||
| Q2 24 | $67.4M | $26.4M |
自由现金流MACSSP
| Q1 26 | — | — | ||
| Q4 25 | — | $31.2M | ||
| Q3 25 | — | $6.4M | ||
| Q2 25 | — | $-22.7M | ||
| Q1 25 | — | $-8.4M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $127.4M | ||
| Q2 24 | — | $2.8M |
自由现金流率MACSSP
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | — | 0.5% |
资本支出强度MACSSP
| Q1 26 | — | 0.4% | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 4.1% |
现金转化率MACSSP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | 0.27× | 18.45× |
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
SSP
| Local Media | $341.6M | 66% |
| Scripps Networks | $176.0M | 34% |
