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) Operating margin

Alert me on 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

Against its own ten years

Low 11.2% High 24.8%
Ten-year median 20.1%
Current reading's percentile 27

Operating margin against peers

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

The full definition of Operating margin →

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