Macerich Company (The)

MAC Real Estate Reit Retail

Macerich Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 10.4% from fiscal 2024.

Revenue
+2.69%
EPS
+82.4%
Free cash flow
−3.56%
Total debt
−8.87%

Quarter to September 2026, against a year earlier

25.05 0.85 −3.28%
Market cap
$7.4B
P/E
0.0×
Fwd P/E
−156×
Dividend yield
2.71%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Macerich Company (The) (MAC) Free cash flow margin

Alert me on Free cash flow margin

Macerich Company (The)'s free cash flow margin over the twelve months to 30 September 2026 was 30.0%, up 25.4 percentage points from fiscal 2025 (4.62%). Over the past ten years it has ranged from 4.62% (fiscal 2025) to 85.9% (fiscal 2016) — the current reading is the lowest in ten years. That is above the Reit Retail industry median of 21.2% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 4.62% (20.11)
FY2024 24.7% 9.82
FY2023 14.9% (16.36)
FY2022 31.3% (29.58)
FY2021 60.9% 51.51
FY2020 9.34% (9.29)
FY2019 18.6% (1.46)
FY2018 20.1% (24.14)
FY2017 44.2% (41.66)
FY2016 85.9% 20.88

Against its own ten years

Low 4.62% High 85.9%
Ten-year median 24.7%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
KRG Kite Realty Group Trust compare 109.2%
PECO Phillips Edison & Company, Inc. compare 65.8%
MAC Macerich Company (The) 30.0%
BRX Brixmor Property Group Inc. compare 28.8%
FRT Federal Realty Investment Trust compare 25.1%
SKT Tanger Inc. compare 18.8%
NNN NNN REIT, Inc. compare 2.60%
EPRT Essential Properties Realty Trust, Inc. compare −117.5%
ADC Agree Realty Corporation compare −129.3%
Reit Retail industry median 21.2%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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