InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

MACERICH CO

MAC Clue Score19
United States Fiscal year ends December CIK 0000912242
$22.25 +0.23% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $22.25 +27.43% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue1,041.3Net income554.8EPS, diluted3.52Fiscal year 2017Revenue993.7 −4.6%Net income161.7 −70.9%EPS, diluted1.02 −71.0%Fiscal year 2018Revenue960.4 −3.4%Net income69.0 −57.3%EPS, diluted0.42 −58.8%Fiscal year 2019Revenue927.5 −3.4%Net income96.8 +40.4%EPS, diluted0.68 +61.9%Fiscal year 2020Revenue786.0 −15.2%Net income−230.2 −337.8%EPS, diluted−1.58 −332.4%Fiscal year 2021Revenue847.4 +7.8%Net income14.3EPS, diluted0.07Fiscal year 2022Revenue859.2 +1.4%Net income−66.1 −563.2%EPS, diluted−0.31 −542.9%Fiscal year 2023Revenue884.1 +2.9%Net income−274.1EPS, diluted−1.28Fiscal year 2024Revenue918.2 +3.9%Net income−194.1EPS, diluted−0.88Fiscal year 2025Revenue1,014.0 +10.4%Net income−197.1EPS, diluted−0.78
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,041.3 993.7 960.4 927.5 786.0 847.4 859.2 884.1 918.2 1,014.0
Growth −4.6% −3.4% −3.4% −15.2% +7.8% +1.4% +2.9% +3.9% +10.4%
Net income 554.8 161.7 69.0 96.8 −230.2 14.3 −66.1 −274.1 −194.1 −197.1
Growth −70.9% −57.3% +40.4% −337.8% −563.2%
EPS, diluted 3.52 1.02 0.42 0.68 −1.58 0.07 −0.31 −1.28 −0.88 −0.78
Growth −71.0% −58.8% +61.9% −332.4% −542.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin53.3%Fiscal year 2017Net margin16.3%Fiscal year 2018Net margin7.2%Fiscal year 2019Net margin10.4%Fiscal year 2020Net margin−29.3%Fiscal year 2021Net margin1.7%Fiscal year 2022Net margin−7.7%Fiscal year 2023Net margin−31.0%Fiscal year 2024Net margin−21.1%Fiscal year 2025Net margin−19.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 53.3% 16.3% 7.2% 10.4% −29.3% 1.7% −7.7% −31.0% −21.1% −19.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow429.5Buybacks−800.0Dividends paid−779.3Fiscal year 2017Operating cash flow386.4Buybacks−221.4Dividends paid−443.8Fiscal year 2018Operating cash flow344.3Buybacks0.0Dividends paid−453.6Fiscal year 2019Operating cash flow355.2Buybacks0.0Dividends paid−474.5Fiscal year 2020Operating cash flow124.8Dividends paid−179.9Fiscal year 2021Operating cash flow286.4Dividends paid−143.4Fiscal year 2022Operating cash flow337.5Dividends paid−186.3Fiscal year 2023Operating cash flow295.5Dividends paid−159.3Fiscal year 2024Operating cash flow283.4Dividends paid−161.3Fiscal year 2025Operating cash flow321.6Dividends paid−188.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 429.5 386.4 344.3 355.2 124.8 286.4 337.5 295.5 283.4 321.6
Buybacks −800.0 −221.4 0.0 0.0 n/a n/a n/a n/a n/a n/a
Dividends paid −779.3 −443.8 −453.6 −474.5 −179.9 −143.4 −186.3 −159.3 −161.3 −188.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash94.0Shareholders’ equity4,105.9Fiscal year 2017Cash91.0Shareholders’ equity3,681.6Fiscal year 2018Cash102.7Shareholders’ equity2,950.2Fiscal year 2019Cash100.0Shareholders’ equity2,632.3Fiscal year 2020Cash465.3Total debt4,560.8Net cash (debt)−4,095.5Shareholders’ equity2,257.0Debt to equity2.02Fiscal year 2021Cash112.5Total debt4,423.6Net cash (debt)−4,311.1Shareholders’ equity3,046.9Debt to equity1.45Fiscal year 2022Cash100.3Total debt4,240.6Net cash (debt)−4,140.3Shareholders’ equity2,865.8Debt to equity1.48Fiscal year 2023Cash94.9Total debt4,136.1Net cash (debt)−4,041.2Shareholders’ equity2,447.0Debt to equity1.69Fiscal year 2024Cash89.9Total debt4,894.5Net cash (debt)−4,804.7Shareholders’ equity2,756.5Debt to equity1.78Fiscal year 2025Cash280.2Total debt5,068.9Net cash (debt)−4,788.7Shareholders’ equity2,448.9Debt to equity2.07
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 94.0 91.0 102.7 100.0 465.3 112.5 100.3 94.9 89.9 280.2
Total debt n/a n/a n/a n/a 4,560.8 4,423.6 4,240.6 4,136.1 4,894.5 5,068.9
Net cash (debt) n/a n/a n/a n/a −4,095.5 −4,311.1 −4,140.3 −4,041.2 −4,804.7 −4,788.7
Shareholders’ equity 4,105.9 3,681.6 2,950.2 2,632.3 2,257.0 3,046.9 2,865.8 2,447.0 2,756.5 2,448.9
Debt to equity n/a n/a n/a n/a 2.02 1.45 1.48 1.69 1.78 2.07

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,041.3 993.7 960.4 927.5 786.0 847.4 859.2 884.1 918.2 1,014.0
Growth −4.6% −3.4% −3.4% −15.2% +7.8% +1.4% +2.9% +3.9% +10.4%
28.2 28.2 24.2 22.6 30.3 30.1 27.2 29.2 28.1 31.5
0.7 15.6 −3.6 1.6 −0.4 6.9 0.7 −0.5 −1.3 −2.2
554.8 161.7 69.0 96.8 −230.2 14.3 −66.1 −274.1 −194.1 −197.1
Growth −70.9% −57.3% +40.4% −337.8% −563.2%
Per share
3.52 1.02 0.42 0.68 −1.58 0.07 −0.31 −1.28 −0.88 −0.78
3.52 1.02 0.42 0.68 −1.58 0.07 −0.31 −1.28 −0.88 −0.78
Growth −71.0% −58.8% +61.9% −332.4% −542.9%
146.6 141.9 141.1 141.3 146.2 198.1 215.0 215.5 221.8 254.2
146.7 141.9 141.1 141.3 146.2 198.1 215.0 215.5 221.8 254.2
Growth −3.3% −0.5% +0.1% +3.5% +35.4% +8.6% +0.2% +2.9% +14.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.2% a year over five years.
  • The diluted share count rose 73.8% in five years, which is dilution.
  • A net loss in 5 of 10 years on file.