Macerich Company (The)
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
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Macerich Company (The) (MAC) Operating margin
Macerich Company (The)'s operating margin over the twelve months to 30 September 2026 was 0.00%, down 16.5 percentage points from fiscal 2025 (16.5%). Over the past ten years it has ranged from 11.2% (fiscal 2020) to 24.8% (fiscal 2016); the current reading is higher than 27% of that period. That is below the Reit Retail industry median of 36.9% and below the Real Estate sector median of 17.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 16.5% | (1.43) |
| FY2024 | 18.0% | (2.12) |
| FY2023 | 20.1% | 2.63 |
| FY2022 | 17.5% | 2.67 |
| FY2021 | 14.8% | 3.58 |
| FY2020 | 11.2% | (11.02) |
| FY2019 | 22.2% | 0.53 |
| FY2018 | 21.7% | (1.92) |
| FY2017 | 23.6% | (1.22) |
| FY2016 | 24.8% | 1.83 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 0.00% | (15.35) |
| Jun 2026 | 15.4% | 2.52 |
| Mar 2026 | 12.8% | (6.22) |
| Dec 2025 | 19.1% | 1.33 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| NNN NNN REIT, Inc. compare | 62.9% |
| EPRT Essential Properties Realty Trust, Inc. compare | 60.6% |
| KRG Kite Realty Group Trust compare | 54.3% |
| ADC Agree Realty Corporation compare | 48.9% |
| FRT Federal Realty Investment Trust compare | 47.7% |
| BRX Brixmor Property Group Inc. compare | 36.8% |
| SKT Tanger Inc. compare | 30.2% |
| PECO Phillips Edison & Company, Inc. compare | 29.5% |
| MAC Macerich Company (The) | 0.00% |
| Reit Retail industry median | 36.9% |
| Real Estate sector median | 17.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MAC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement