The Macerich financials
$22.89+1.42%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $918.2M | $884.1M | $859.2M | $847.4M | $786.0M | $927.5M | $960.4M | $993.7M | $1.04B |
| Gross profit | $603.0M | $529.3M | $525.6M | $501.5M | $491.4M | $463.2M | $589.1M | $579.3M | $893.5M | $1.04B |
| Gross margin | 59.5% | 57.6% | 59.5% | 58.4% | 58.0% | 58.9% | 63.5% | 60.3% | 89.9% | 100.0% |
| Operating income | $167.8M | $165.0M | $177.6M | $150.0M | $125.4M | $88.1M | $206.1M | $208.4M | $234.7M | $258.6M |
| Net income | -$197.1M | -$194.1M | -$274.1M | -$66.1M | $14.3M | -$230.2M | $96.8M | $58.9M | $145.4M | $516.2M |
| Net margin | −19.4% | −21.1% | −31.0% | −7.7% | 1.7% | −29.3% | 10.4% | 6.1% | 14.6% | 49.6% |
| Diluted EPS | $-0.78 | $-0.88 | $-1.28 | $-0.31 | $0.07 | $-1.58 | $0.68 | $0.42 | $1.02 | $3.52 |
| EBITDA | $535.9M | $470.9M | $474.0M | $452.5M | $449.8M | $414.1M | $543.8M | $548.7M | $566.4M | $601.2M |
| Operating cash flow | $321.6M | $283.4M | $295.5M | $337.5M | $287.7M | $124.8M | $355.2M | $344.3M | $386.4M | $429.5M |
| Free cash flow | $154.2M | $115.8M | $143.0M | $242.7M | $179.5M | $56.5M | $167.3M | $107.1M | $184.2M | $170.1M |
| Diluted shares | 254.2M | 221.8M | 215.5M | 215.0M | 198.1M | 146.2M | 141.3M | 141.1M | 141.9M | 146.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $280.2M | $89.9M | $94.9M | $100.3M | $112.5M | $465.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $5.07B | $4.99B | $4.23B | $4.67B | $4.65B | $6.17B |
| Total assets | $8.37B | $8.57B | $7.51B | $8.09B | $8.35B | $9.18B |
| Total liabilities | $5.84B | $5.72B | $4.99B | $5.14B | $5.17B | $6.74B |
| Shareholders' equity | $2.53B | $2.84B | $2.53B | $2.95B | $3.18B | $2.45B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology