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MAC Financials Macerich Co

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 5.2% per year over the past 5 years.

Financial health

  • Total debt ($5.1B) exceeds cash ($280M); net debt is $4.8B.
  • Total debt has grown slower than revenue (2.1% vs 5.2% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years.
  • The dividend has grown 0.9% per year over the past 5 years.
Revenue & net income
-$274M $507M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-31% -10% 10% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $3B $5B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$963M -$176M $611M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.0B -$197M 0.0% 0.0% $5.1B $280M
2024 $918M -$195M 0.0% 0.0% $4.9B $90M
2023 $884M -$274M 0.0% 0.0% $4.1B $95M
2022 $859M -$66M 0.0% 0.0% $4.2B $100M
2021 $847M $14M 0.0% 0.0% $4.4B $112M
2020 $786M -$230M 0.0% 0.0% $4.6B $465M
2019 $927M $97M 0.0% 0.0% $100M
2018 $960M 0.0% 0.0% $103M
2017 $994M 0.0% 0.0% $91M
2016 $1.0B 0.0% 0.0% $94M
2015 $1.3B 0.0% 0.0% $87M
2014 $1.1B 0.0% 0.0% $85M
2013 $1.0B 0.0% 0.0% $70M
2012 $798M 0.0% 0.0% $66M
2011 $685M 0.0% 0.0% $67M

Valuation over time

How the market has priced MAC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 3.3 6.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 3.7 7.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is MAC growing its revenue and profit?

Over the past 5 years, Macerich Co's revenue has grown 5.2% per year. These are computed facts, not advice.

How much debt does MAC have?

As of FY2025, Macerich Co reported $5.1B of total debt against $280M of cash.

What is MAC's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin -19.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.