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Financials · MAC

Macerich Company (MAC) financials

For the twelve months ended Sep 30, 2026, Macerich Company reported $1.01B of revenue and -$98.92M of net income.

Revenue, TTM
$1.01B
Revenue growth, YoY
-1.3%
Net income, TTM
-$98.92M
Net margin
-9.8%
EPS, diluted, TTM
-$0.38
Cash
$560.77M
Total debt
$4.41B
P/S
7.08
Market cap
$7.17B
Annual revenue$1.01B
FY2016FY2025
Annual net income-$197.15M
FY2016FY2025

MAC revenue and earnings growth

MAC revenueQ3 2026$260.07M

Quarter YoY
+2.7%
QoQ
+4.1%
FY YoY
+10.4%
5Y CAGR
+5.2%
10Y CAGR
-2.4%

MAC revenue was $260.07M in fiscal Q3 2026 (ended Sep 30, 2026), up 2.7% from a year earlier and up 4.1% from the prior quarter. For the full fiscal 2025 it was $1.01B, up 10.4% from fiscal 2024. Compound annual growth was +5.2% over 5 years and -2.4% over 10 years. It rose in 5 of the last 10 fiscal years.

MAC net incomeQ3 2026-$16.73M

MAC net income was -$16.73M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$87.36M a year earlier. For the full fiscal 2025 it was -$197.15M, compared with -$194.12M in fiscal 2024.

MAC EPSQ3 2026-$0.06

MAC diluted EPS was -$0.06 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.34 a year earlier. For the full fiscal 2025 it was -$0.78, compared with -$0.88 in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.01B$918.20M$884.07M$859.16M$847.44M$786.03M$927.46M$960.35M$993.66M$1.04B
Selling, general and admin$31.54M$28.14M$29.24M$27.16M$30.06M$30.34M$22.63M$24.16M$28.24M$28.22M
Interest expense---$216.85M$192.68M$75.55M$138.25M$182.96M$171.78M$163.68M
Income tax-$2.19M-$1.30M-$494.0K$705.0K$6.95M-$447.0K$1.59M-$3.60M$15.59M$722.0K
Net income-$197.15M-$194.12M-$274.06M-$66.07M$14.26M-$230.20M$96.82M$60.02M$146.13M$517.00M
EPS, basic-$0.78-$0.88-$1.28-$0.31$0.07-$1.58$0.68$0.42$1.02$3.52
EPS, diluted-$0.78-$0.88-$1.28-$0.31$0.07-$1.58$0.68$0.42$1.02$3.52
Diluted shares254.2M221.8M215.5M215.0M198.1M146.2M141.3M141.1M141.9M146.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$280.25M$89.86M$94.94M$100.32M$112.45M$465.30M$100.00M$102.71M$91.04M$94.05M
Total assets$8.37B$8.57B$7.51B$8.09B$8.35B$9.18B$8.85B$9.03B$9.61B$9.96B
Total debt$5.07B$4.89B$4.14B$4.24B$4.42B$4.56B----
Total liabilities$5.84B$5.72B$4.99B$5.14B$5.17B$6.74B$6.02B$5.84B$5.64B$5.53B
Shareholders' equity$2.45B$2.84B$2.53B$2.95B$3.18B$2.45B$2.83B$3.19B$3.97B$4.43B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$321.60M$283.44M$295.50M$337.51M$286.37M$124.84M$355.16M$344.31M$386.39M$429.53M
Investing cash flow-$325.34M$19.79M$52.54M-$1.40M$234.97M-$202.85M-$112.03M$176.32M$178.99M$454.07M
Financing cash flow$199.22M-$316.05M-$338.89M-$321.94M-$837.02M$446.45M-$278.22M-$514.44M-$566.27M-$867.50M
Dividends paid$188.21M$161.29M$159.29M$186.33M$143.45M$179.86M$474.53M$453.63M$443.84M$779.31M
Share repurchases------$0$0$221.43M$800.02M
Stock-based compensation$18.17M$12.13M$13.17M$17.64M$14.27M$13.84M$12.03M$27.37M$30.80M$33.29M
Depreciation and amortization$368.10M$305.88M$296.39M$302.48M$324.40M$326.06M$337.67M$334.68M$341.27M$355.36M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY10.4%3.9%2.9%1.4%7.8%-15.2%-3.4%-3.4%-4.6%-19.2%
Net income growth, YoY------61.3%-58.9%-71.7%6.0%
EPS growth, YoY------61.9%-58.8%-71.0%14.3%
Net margin-19.4%-21.1%-31.0%-7.7%1.7%-29.3%10.4%6.2%14.7%49.7%
Return on equity-8.1%-6.8%-10.8%-2.2%0.4%-9.4%3.4%1.9%3.7%11.7%
Return on assets-2.4%-2.3%-3.6%-0.8%0.2%-2.5%1.1%0.7%1.5%5.2%
Debt to equity2.071.721.641.441.391.87----

Source: XBRL data Macerich Company files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MAC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MAC$1.01B-1.3%-$98.92M-9.8%$7.17B
WELL$13.79B+39.2%$1.67B12.1%$181.46B
PLD$8.95B+6.7%$3.71B41.5%$124.09B
EQIX$10.06B+11.1%$1.65B16.4%$104.38B
AMT$11.01B+5.3%$3.31B30.1%$87.65B
SPG$7.15B+16.2%$4.51B63.0%$75.39B
DLR$6.34B+12.6%$1.38B21.7%$68.13B
PSA$5.03B+5.2%$1.90B37.8%$63.18B
O$6.21B+10.8%$1.36B21.8%$56.58B

MAC FAQ

7 questions
  • What is MAC revenue?
    Macerich Company (MAC) reported $1.01B of revenue for the twelve months ended Sep 30, 2026. That is down 1.3% from the year before. Revenue for fiscal 2025 was $1.01B.
  • Is MAC profitable?
    No. Macerich Company reported a net loss of $98.92M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does MAC have?
    Macerich Company reported $560.77M in cash and cash equivalents and $4.41B of debt on its most recent balance sheet in SEC filings.
  • How fast is MAC revenue growing?
    Macerich Company's revenue changed +10.4% in fiscal 2025, to $1.01B. Its compound annual growth rate was +5.2% over 5 years and -2.4% over 10 years.
  • What is MAC earnings per share?
    Diluted earnings per share were -$0.38 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MAC last report financial results?
    The latest statements here come from Macerich Company's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this MAC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Macerich Company files with the SEC. It is provided for information only and is not investment advice.