Macerich Co (MAC) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Macerich reported revenue of $1.01B, up 10.4% from $918.2M the year before. Net income was -$197.1M (a -19.4% net margin), or -$0.78 per diluted share. Gross margin was -11.4% and operating margin was -49.7%. Operating activities generated $321.6M of cash. At fiscal year end, Macerich held $8.37B in total assets against $5.84B in total liabilities, including $280.2M of cash and equivalents.
Open the full interactive Macerich financials → Quarterly statements, key ratios, valuation history and price charts.
Macerich Key Stats
| Share Price | $22.53 |
|---|---|
| Market Cap | $6.17B |
| Revenue YoY Growth | +10.4% |
| 52-Week Range | $15.68 – $26.31 |
| Shares Outstanding | 273.7 million (basic, 2026 Q2) |
Macerich Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $786.0M | $847.4M | $859.2M | $884.1M | $918.2M | $1.01B |
| Cost of Goods Sold | $773.5M | $915.8M | $926.0M | $871.2M | $958.8M | $1.13B |
| Gross Profit | $12.5M | -$68.3M | -$66.8M | $12.9M | -$40.6M | -$115.8M |
| Operating Income | -$337.4M | -$409.5M | -$385.6M | -$298.7M | -$363.5M | -$504.4M |
| Pre-Tax Income | -$230.7M | $21.2M | -$65.4M | -$274.6M | -$195.4M | -$199.3M |
| Income Tax | -$447,000 | $6.9M | $705,000 | -$494,000 | -$1.3M | -$2.2M |
| Net Income | -$230.2M | $14.3M | -$66.1M | -$274.1M | -$194.1M | -$197.1M |
| Diluted EPS | -$1.58 | $0.07 | -$0.31 | -$1.28 | -$0.88 | -$0.78 |
Macerich Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $253.3M | $261.7M | $241.5M | $249.7M |
| Net Income | -$87.4M | -$18.8M | -$36.4M | -$27.1M |
| Diluted EPS | -$0.34 | -$0.07 | -$0.14 | -$0.10 |
Macerich Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $465.3M | $112.5M | $100.3M | $94.9M | $89.9M | $280.2M |
| Total Assets | $9.18B | $8.35B | $8.09B | $7.51B | $8.57B | $8.37B |
| Total Long-Term Debt | $4.56B | $4.42B | $4.24B | $4.14B | $4.89B | $5.07B |
| Total Liabilities | $6.74B | $5.17B | $5.14B | $4.99B | $5.72B | $5.84B |
| Shareholders' Equity | $2.26B | $3.05B | $2.87B | $2.45B | $2.76B | $2.45B |
Macerich Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $124.8M | $286.4M | $337.5M | $295.5M | $283.4M | $321.6M |
| Cash From Investing | -$202.8M | $235.0M | -$1.4M | $52.5M | $19.8M | -$325.3M |
| Cash From Financing | $446.5M | -$837.0M | -$321.9M | -$338.9M | -$316.1M | $199.2M |
Figures from Macerich's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Macerich financials page for every line item.
Macerich Company Profile
| Ticker | MAC |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Santa Monica, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000912242 |
Frequently Asked Questions
What was Macerich's revenue in fiscal 2025?
Macerich (MAC) reported revenue of $1.01B for fiscal 2025.
What is Macerich's annual revenue history?
Macerich's annual revenue by fiscal year: 2020: $786.0M; 2021: $847.4M; 2022: $859.2M; 2023: $884.1M; 2024: $918.2M; 2025: $1.01B.
What was Macerich's net income in fiscal 2025?
Macerich reported net income of -$197.1M for fiscal 2025.
What was Macerich's earnings per share (EPS) in fiscal 2025?
Macerich's diluted EPS was -$0.78 for fiscal 2025 (adjusted for any later stock splits).
What was Macerich's revenue last quarter?
In its most recent reported quarter (2026 Q2), Macerich reported revenue of $249.7M.
How much debt does Macerich have?
Macerich reported $5.07B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Macerich are outstanding?
Macerich reported a weighted average of 273.7 million basic shares outstanding in 2026 Q2.
What is Macerich's market cap?
Based on its latest closing price, Macerich (MAC) has a market capitalization of about $6.17B.
When does Macerich's fiscal year end?
Macerich's fiscal year end, as registered with the SEC, is December 31.
Where is Macerich headquartered?
Macerich lists its business address in Santa Monica, California in its SEC filings.