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美高梅国际度假村（MGM）与Ross Stores（ROST）财务数据对比。点击上方公司名可切换其他公司
Ross Stores的季度营收约是美高梅国际度假村的1.2倍（$5.6B vs $4.6B），Ross Stores净利率更高（9.1% vs 6.4%，领先2.8%），Ross Stores同比增速更快（10.4% vs 6.0%），Ross Stores自由现金流更多（$617.8M vs $358.5M），过去两年美高梅国际度假村的营收复合增速更高（2.5% vs -3.6%）
美高梅国际度假村是美国跨国文旅、体育及娱乐集团，在拉斯维加斯、美国多个州以及中国澳门、上海、成都、杭州、三亚等地运营度假项目，旗下拥有百乐宫、曼德勒海湾、米高梅大酒店、Park MGM等知名物业。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
MGM vs ROST — 直观对比
营收规模更大
ROST
是对方的1.2倍
$4.6B
营收增速更快
ROST
高出4.5%
6.0%
净利率更高
ROST
高出2.8%
6.4%
自由现金流更多
ROST
多$259.3M
$358.5M
两年增速更快
MGM
近两年复合增速
-3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.6B | $5.6B |
| 净利润 | $293.6M | $511.9M |
| 毛利率 | — | 28.0% |
| 营业利润率 | 7.1% | 11.6% |
| 净利率 | 6.4% | 9.1% |
| 营收同比 | 6.0% | 10.4% |
| 净利润同比 | 86.5% | 4.7% |
| 每股收益（稀释后） | $1.12 | $1.58 |
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MGMROST
| Q4 25 | $4.6B | $5.6B | ||
| Q3 25 | $4.3B | $5.5B | ||
| Q2 25 | $4.4B | $5.0B | ||
| Q1 25 | $4.3B | $5.9B | ||
| Q4 24 | $4.3B | $5.1B | ||
| Q3 24 | $4.2B | $5.3B | ||
| Q2 24 | $4.3B | $4.9B | ||
| Q1 24 | $4.4B | $6.0B |
净利润MGMROST
| Q4 25 | $293.6M | $511.9M | ||
| Q3 25 | $-285.3M | $508.0M | ||
| Q2 25 | $49.0M | $479.2M | ||
| Q1 25 | $148.6M | $586.8M | ||
| Q4 24 | $157.4M | $488.8M | ||
| Q3 24 | $184.6M | $527.1M | ||
| Q2 24 | $187.1M | $488.0M | ||
| Q1 24 | $217.5M | $609.7M |
毛利率MGMROST
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | 27.3% |
营业利润率MGMROST
| Q4 25 | 7.1% | 11.6% | ||
| Q3 25 | -2.7% | 11.5% | ||
| Q2 25 | 9.2% | 12.2% | ||
| Q1 25 | 9.0% | 12.4% | ||
| Q4 24 | 6.7% | 11.9% | ||
| Q3 24 | 7.5% | 12.5% | ||
| Q2 24 | 9.8% | 12.2% | ||
| Q1 24 | 10.5% | 13.2% |
净利率MGMROST
| Q4 25 | 6.4% | 9.1% | ||
| Q3 25 | -6.7% | 9.2% | ||
| Q2 25 | 1.1% | 9.6% | ||
| Q1 25 | 3.5% | 9.9% | ||
| Q4 24 | 3.6% | 9.6% | ||
| Q3 24 | 4.4% | 10.0% | ||
| Q2 24 | 4.3% | 10.0% | ||
| Q1 24 | 5.0% | 10.1% |
每股收益（稀释后）MGMROST
| Q4 25 | $1.12 | $1.58 | ||
| Q3 25 | $-1.05 | $1.56 | ||
| Q2 25 | $0.18 | $1.47 | ||
| Q1 25 | $0.51 | $1.79 | ||
| Q4 24 | $0.52 | $1.48 | ||
| Q3 24 | $0.61 | $1.59 | ||
| Q2 24 | $0.60 | $1.46 | ||
| Q1 24 | $0.67 | $1.82 |
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 | $2.1B | $4.1B |
| 总债务越低越好 | $6.2B | $1.5B |
| 股东权益账面价值 | $2.4B | $5.9B |
| 总资产 | $41.4B | $15.4B |
| 负债/权益比越低杠杆越低 | 2.56× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资MGMROST
| Q4 25 | $2.1B | $4.1B | ||
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $2.3B | $4.7B | ||
| Q4 24 | $2.4B | $4.3B | ||
| Q3 24 | $3.0B | $4.7B | ||
| Q2 24 | $2.4B | $4.7B | ||
| Q1 24 | $2.7B | $4.9B |
总债务MGMROST
| Q4 25 | $6.2B | $1.5B | ||
| Q3 25 | $6.2B | $1.5B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $6.4B | $2.2B | ||
| Q4 24 | $6.4B | $2.2B | ||
| Q3 24 | $6.9B | $2.5B | ||
| Q2 24 | $6.3B | $2.5B | ||
| Q1 24 | $6.3B | $2.5B |
股东权益MGMROST
| Q4 25 | $2.4B | $5.9B | ||
| Q3 25 | $2.7B | $5.7B | ||
| Q2 25 | $3.0B | $5.6B | ||
| Q1 25 | $2.9B | $5.5B | ||
| Q4 24 | $3.0B | $5.3B | ||
| Q3 24 | $3.2B | $5.1B | ||
| Q2 24 | $3.2B | $4.9B | ||
| Q1 24 | $3.5B | $4.9B |
总资产MGMROST
| Q4 25 | $41.4B | $15.4B | ||
| Q3 25 | $41.4B | $14.5B | ||
| Q2 25 | $41.7B | $14.3B | ||
| Q1 25 | $41.9B | $14.9B | ||
| Q4 24 | $42.2B | $14.9B | ||
| Q3 24 | $42.7B | $14.7B | ||
| Q2 24 | $41.8B | $14.5B | ||
| Q1 24 | $42.1B | $14.3B |
负债/权益比MGMROST
| Q4 25 | 2.56× | 0.26× | ||
| Q3 25 | 2.30× | 0.26× | ||
| Q2 25 | 2.09× | 0.27× | ||
| Q1 25 | 2.25× | 0.40× | ||
| Q4 24 | 2.10× | 0.42× | ||
| Q3 24 | 2.14× | 0.48× | ||
| Q2 24 | 1.96× | 0.50× | ||
| Q1 24 | 1.81× | 0.51× |
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 | $655.0M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $358.5M | $617.8M |
| 自由现金流率自由现金流/营收 | 7.8% | 11.0% |
| 资本支出强度资本支出/营收 | 6.4% | 3.7% |
| 现金转化率经营现金流/净利润 | 2.23× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $2.0B |
8季度趋势，按日历期对齐
经营现金流MGMROST
| Q4 25 | $655.0M | $827.1M | ||
| Q3 25 | $681.4M | $668.4M | ||
| Q2 25 | $645.9M | $409.7M | ||
| Q1 25 | $547.1M | $882.6M | ||
| Q4 24 | $671.6M | $513.4M | ||
| Q3 24 | $667.4M | $592.1M | ||
| Q2 24 | $474.2M | $368.9M | ||
| Q1 24 | $549.3M | $948.8M |
自由现金流MGMROST
| Q4 25 | $358.5M | $617.8M | ||
| Q3 25 | $405.4M | $466.6M | ||
| Q2 25 | $377.4M | $202.3M | ||
| Q1 25 | $319.0M | $676.6M | ||
| Q4 24 | $267.5M | $333.0M | ||
| Q3 24 | $331.2M | $394.6M | ||
| Q2 24 | $236.0M | $232.7M | ||
| Q1 24 | $377.2M | $726.4M |
自由现金流率MGMROST
| Q4 25 | 7.8% | 11.0% | ||
| Q3 25 | 9.5% | 8.4% | ||
| Q2 25 | 8.6% | 4.1% | ||
| Q1 25 | 7.5% | 11.4% | ||
| Q4 24 | 6.2% | 6.6% | ||
| Q3 24 | 7.9% | 7.5% | ||
| Q2 24 | 5.5% | 4.8% | ||
| Q1 24 | 8.6% | 12.1% |
资本支出强度MGMROST
| Q4 25 | 6.4% | 3.7% | ||
| Q3 25 | 6.5% | 3.6% | ||
| Q2 25 | 6.1% | 4.2% | ||
| Q1 25 | 5.3% | 3.5% | ||
| Q4 24 | 9.3% | 3.6% | ||
| Q3 24 | 8.0% | 3.7% | ||
| Q2 24 | 5.5% | 2.8% | ||
| Q1 24 | 3.9% | 3.7% |
现金转化率MGMROST
| Q4 25 | 2.23× | 1.62× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 13.19× | 0.85× | ||
| Q1 25 | 3.68× | 1.50× | ||
| Q4 24 | 4.27× | 1.05× | ||
| Q3 24 | 3.62× | 1.12× | ||
| Q2 24 | 2.54× | 0.76× | ||
| Q1 24 | 2.53× | 1.56× |
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
MGM
| Casino | $2.6B | 56% |
| Occupancy | $858.4M | 19% |
| Food And Beverage | $749.0M | 16% |
| Entertainment Retail And Other | $423.0M | 9% |
ROST
暂无分部数据
