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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$242M
-$36M
0.0%
0.0%
—
$4.9B
$182M
Dec '25
$262M
-$19M
0.0%
0.0%
—
$5.1B
$280M
Sep '25
$253M
-$87M
0.0%
0.0%
—
$5.1B
$290M
Jun '25
$250M
-$41M
0.0%
0.0%
—
$5.2B
$131M
Mar '25
$249M
-$50M
0.0%
0.0%
—
$5.2B
$253M
Dec '24
$274M
-$211M
0.0%
0.0%
—
$4.9B
$90M
Sep '24
$220M
-$108M
0.0%
0.0%
—
$4.3B
$116M
Jun '24
$216M
$252M
0.0%
0.0%
—
$4.4B
$71M
Mar '24
$209M
-$127M
0.0%
0.0%
—
$4.1B
$120M
Dec '23
$239M
$62M
0.0%
0.0%
—
$4.1B
$95M
Sep '23
$218M
-$263M
0.0%
0.0%
—
$4.2B
$112M
Jun '23
$212M
-$15M
0.0%
0.0%
—
$4.2B
$92M
Mar '23
$215M
-$59M
0.0%
0.0%
—
$4.2B
$112M
Dec '22
$228M
$2M
0.0%
0.0%
—
$4.2B
$100M
Sep '22
$211M
-$15M
0.0%
0.0%
—
$4.3B
$110M
Jun '22
$204M
-$15M
0.0%
0.0%
—
$4.4B
$106M
Mar '22
$216M
-$37M
0.0%
0.0%
—
$4.4B
$128M
Dec '21
$229M
-$17M
0.0%
0.0%
—
$4.4B
$112M
Sep '21
$212M
$107M
0.0%
0.0%
—
$4.4B
$118M
Jun '21
$215M
-$12M
0.0%
0.0%
—
$4.5B
$194M
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.
The price-to-sales ratio has risen from 3.2× (Mar '23) to 6.6× (Jun '26).
The dividend yield has fallen from 6.7% (Mar '23) to 2.8% (Jun '26).
Price / sales (P/S)
P/S
Dividend yield (%)
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.