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MACERICH CO（MAC）与UNITIL CORP（UTL）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UNITIL CORP的1.6倍（$261.7M vs $161.5M），UNITIL CORP净利率更高（11.8% vs -7.2%，领先18.9%），UNITIL CORP同比增速更快（26.7% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% vs -4.9%）
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。
Unitil是一家跨州电力与天然气公用事业公司，业务覆盖美国新罕布什尔州、马萨诸塞州与缅因州。公司最早前身是1849年在缅因州成立的波特兰煤气灯公司，现企业主体于1984年设立，总部位于新罕布什尔州。目前公司总市值约6.8651亿美元，为约10.24万电力客户、超7.59万天然气客户提供服务。
MAC vs UTL — 直观对比
营收规模更大
MAC
是对方的1.6倍
$161.5M
营收增速更快
UTL
高出31.0%
-4.4%
净利率更高
UTL
高出18.9%
-7.2%
两年增速更快
MAC
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $161.5M |
| 净利润 | $-18.8M | $19.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 21.5% |
| 净利率 | -7.2% | 11.8% |
| 营收同比 | -4.4% | 26.7% |
| 净利润同比 | 91.1% | 21.8% |
| 每股收益（稀释后） | $-0.08 | $1.05 |
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MACUTL
| Q4 25 | $261.7M | $161.5M | ||
| Q3 25 | $253.3M | $101.1M | ||
| Q2 25 | $249.8M | $102.6M | ||
| Q1 25 | $249.2M | $170.8M | ||
| Q4 24 | $273.7M | $127.5M | ||
| Q3 24 | $220.2M | $92.9M | ||
| Q2 24 | $215.5M | $95.7M | ||
| Q1 24 | $208.8M | $178.7M |
净利润MACUTL
| Q4 25 | $-18.8M | $19.0M | ||
| Q3 25 | $-87.4M | $-300.0K | ||
| Q2 25 | $-40.9M | $4.0M | ||
| Q1 25 | $-50.1M | $27.5M | ||
| Q4 24 | $-211.2M | $15.6M | ||
| Q3 24 | $-108.2M | $0 | ||
| Q2 24 | $252.0M | $4.3M | ||
| Q1 24 | $-126.7M | $27.2M |
营业利润率MACUTL
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 24.7% |
净利率MACUTL
| Q4 25 | -7.2% | 11.8% | ||
| Q3 25 | -34.5% | -0.3% | ||
| Q2 25 | -16.4% | 3.9% | ||
| Q1 25 | -20.1% | 16.1% | ||
| Q4 24 | -77.2% | 12.2% | ||
| Q3 24 | -49.1% | — | ||
| Q2 24 | 116.9% | 4.5% | ||
| Q1 24 | -60.7% | 15.2% |
每股收益（稀释后）MACUTL
| Q4 25 | $-0.08 | $1.05 | ||
| Q3 25 | $-0.34 | $-0.02 | ||
| Q2 25 | $-0.16 | $0.25 | ||
| Q1 25 | $-0.20 | $1.69 | ||
| Q4 24 | $-0.95 | $0.97 | ||
| Q3 24 | $-0.50 | $0.00 | ||
| Q2 24 | $1.16 | $0.27 | ||
| Q1 24 | $-0.59 | $1.69 |
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 | $15.6M |
| 总债务越低越好 | $5.1B | $670.5M |
| 股东权益账面价值 | $2.4B | $609.6M |
| 总资产 | $8.4B | $2.1B |
| 负债/权益比越低杠杆越低 | 2.07× | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资MACUTL
| Q4 25 | $280.2M | $15.6M | ||
| Q3 25 | $290.2M | $14.6M | ||
| Q2 25 | $131.1M | $8.5M | ||
| Q1 25 | $253.2M | $10.2M | ||
| Q4 24 | $89.9M | $6.3M | ||
| Q3 24 | $116.5M | $6.3M | ||
| Q2 24 | $70.7M | $2.8M | ||
| Q1 24 | $120.1M | $6.3M |
总债务MACUTL
| Q4 25 | $5.1B | $670.5M | ||
| Q3 25 | $5.1B | $670.5M | ||
| Q2 25 | $5.2B | $640.7M | ||
| Q1 25 | $5.2B | $642.1M | ||
| Q4 24 | $4.9B | $643.3M | ||
| Q3 24 | $4.3B | $643.3M | ||
| Q2 24 | $4.4B | $511.3M | ||
| Q1 24 | $4.1B | $512.8M |
股东权益MACUTL
| Q4 25 | $2.4B | $609.6M | ||
| Q3 25 | $2.5B | $597.2M | ||
| Q2 25 | $2.6B | $532.8M | ||
| Q1 25 | $2.7B | $534.1M | ||
| Q4 24 | $2.8B | $512.5M | ||
| Q3 24 | $2.5B | $502.4M | ||
| Q2 24 | $2.5B | $508.8M | ||
| Q1 24 | $2.3B | $510.8M |
总资产MACUTL
| Q4 25 | $8.4B | $2.1B | ||
| Q3 25 | $8.4B | $1.9B | ||
| Q2 25 | $8.7B | $1.9B | ||
| Q1 25 | $8.7B | $1.9B | ||
| Q4 24 | $8.6B | $1.8B | ||
| Q3 24 | $7.6B | $1.7B | ||
| Q2 24 | $7.8B | $1.7B | ||
| Q1 24 | $7.4B | $1.7B |
负债/权益比MACUTL
| Q4 25 | 2.07× | 1.10× | ||
| Q3 25 | 2.02× | 1.12× | ||
| Q2 25 | 2.02× | 1.20× | ||
| Q1 25 | 1.96× | 1.20× | ||
| Q4 24 | 1.78× | 1.26× | ||
| Q3 24 | 1.73× | 1.28× | ||
| Q2 24 | 1.75× | 1.00× | ||
| Q1 24 | 1.79× | 1.00× |
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 | $21.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-36.3M |
| 自由现金流率自由现金流/营收 | — | -22.5% |
| 资本支出强度资本支出/营收 | — | 35.7% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $-53.8M |
8季度趋势，按日历期对齐
经营现金流MACUTL
| Q4 25 | $50.2M | $21.4M | ||
| Q3 25 | $112.4M | $15.6M | ||
| Q2 25 | $70.5M | $42.2M | ||
| Q1 25 | $88.5M | $52.1M | ||
| Q4 24 | $54.9M | $23.3M | ||
| Q3 24 | $100.0M | $26.1M | ||
| Q2 24 | $67.4M | $49.9M | ||
| Q1 24 | $61.1M | $26.6M |
自由现金流MACUTL
| Q4 25 | — | $-36.3M | ||
| Q3 25 | — | $-39.0M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $19.5M | ||
| Q4 24 | — | $-32.3M | ||
| Q3 24 | — | $-31.3M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $6.4M |
自由现金流率MACUTL
| Q4 25 | — | -22.5% | ||
| Q3 25 | — | -38.6% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | -25.3% | ||
| Q3 24 | — | -33.7% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 3.6% |
资本支出强度MACUTL
| Q4 25 | — | 35.7% | ||
| Q3 25 | — | 54.0% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 43.6% | ||
| Q3 24 | — | 61.8% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | — | 11.3% |
现金转化率MACUTL
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.55× | ||
| Q1 25 | — | 1.89× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.27× | 11.60× | ||
| Q1 24 | — | 0.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
