The Macerich Company (MAC) Earnings History
Net Loss32 years of earnings data (1994–2025) · Currently unprofitable on a TTM basis
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The Macerich Company (MAC) Earnings Overview
As of September 24, 2026, The Macerich Company (MAC) reported trailing twelve-month net income of -$170M, reflecting +1.3% year-over-year growth. The company earned $-0.62 per diluted share over the past four quarters, with a net profit margin of -19.4%.
Looking at the long-term picture, MAC's historical earnings data spans multiple years. The company achieved its highest annual net income of $1.50B in fiscal 2014.
The Macerich Company is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including SPG ($4.75B net income, 72.5% margin), CBL ($216M net income, 23.5% margin), KIM ($606M net income, 27.3% margin), MAC has room to improve margins relative to the peer group. Compare MAC vs SPG →
MAC Earnings vs Peers
Earnings metrics vs comparable public companies
MAC Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$197M | -1.6% | $168M | $-0.77 | -19.4% | 16.5% |
| 2024 | -$194M | +29.2% | $165M | $-0.78 | -21.1% | 18.0% |
| 2023 | -$274M | -314.8% | $178M | $-1.28 | -31.0% | 20.1% |
| 2022 | -$66M | -563.2% | $150M | $-0.31 | -7.7% | 17.5% |
| 2021 | $14M | +106.2% | $125M | $0.07 | 1.7% | 14.8% |
| 2020 | -$230M | -337.8% | $88M | $-1.58 | -29.3% | 11.2% |
| 2019 | $97M | +61.3% | $206M | $0.68 | 10.4% | 22.2% |
| 2018 | $60M | -58.7% | $309M | $0.43 | 6.2% | 32.1% |
| 2017 | $145M | -71.9% | $235M | $1.04 | 14.6% | 23.6% |
| 2016 | $517M | +6.4% | $259M | $3.59 | 49.7% | 24.8% |
| 2015 | $486M | -67.6% | $322M | $3.16 | 37.7% | 25.0% |
| 2014 | $1.50B | +256.8% | $255M | $9.48 | 135.6% | 23.1% |
| 2013 | $420M | +24.5% | $221M | $159023.00 | 40.8% | 21.5% |
| 2012 | $337M | +115.1% | $192M | $2.45 | 38.3% | 21.8% |
| 2011 | $157M | +522.7% | $162M | $1.18 | 19.8% | 20.5% |
| 2010 | $25M | -79.1% | $155M | $0.19 | 3.3% | 20.4% |
| 2009 | $121M | -27.3% | $180M | $1.45 | 15.0% | 22.4% |
| 2008 | $166M | +93.5% | $236M | $1.19 | 18.9% | 26.8% |
| 2007 | $86M | -66.0% | $255M | $0.98 | 9.6% | 28.4% |
| 2006 | $252M | +252.0% | $273M | $3.07 | 30.4% | 32.9% |
| 2005 | $72M | -21.8% | $230M | $0.85 | 9.3% | 29.9% |
| 2004 | $92M | -28.4% | $165M | $1.35 | 16.7% | 30.2% |
| 2003 | $128M | +57.3% | $165M | $2.01 | 26.3% | 33.9% |
| 2002 | $81M | +4.7% | $132M | $1.56 | 21.5% | 34.9% |
| 2001 | $78M | +36.5% | $248M | $1.66 | 23.2% | 74.1% |
| 2000 | $57M | -55.9% | $151M | $1.07 | 17.8% | 47.3% |
| 1999 | $129M | +192.7% | $160M | $2.88 | 39.4% | 48.9% |
| 1998 | $44M | +99.9% | $136M | $1.02 | 15.5% | 48.0% |
| 1997 | $22M | +16.6% | $106M | $0.82 | 10.0% | 47.9% |
| 1996 | $19M | +67.4% | $102M | $0.86 | 12.2% | 65.7% |
| 1995 | $11M | +31.4% | $163M | $0.70 | 10.7% | 154.2% |
| 1994 | $9M | - | $116M | $0.58 | 11.5% | 155.6% |
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MAC — Frequently Asked Questions
Quick answers to the most common questions about buying MAC stock.
What is MAC earnings per share (EPS)?
MAC trailing twelve-month (TTM) diluted EPS is $-0.62, reflecting +1.3% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is The Macerich Company's net income?
The Macerich Company (MAC) trailing twelve-month net income is $-170M as of 2025. Earnings grew +1.3% year-over-year.
Is MAC profitable?
MAC is not currently profitable on a TTM basis, reporting a net loss of $-170M. Net margin is -19.4%. Investors should monitor for a return to profitability.
What is MAC's earnings growth rate?
MAC compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are MAC's profit margins?
The Macerich Company net profit margin is -19.4%, operating margin is +16.5%, and gross margin is +38.2%. Below-average margins reflect competitive or cost pressures. Return on Equity is -7.3%.
Is MAC growing earnings?
MAC earnings growth is slowing. Current YoY EPS growth of +1.3% trails the 5-year CAGR of N/A. TTM net income is $-170M.
What was MAC's best earnings year?
The Macerich Company's highest annual net income on record is $1.5B, achieved in fiscal year 2014. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were MAC's earnings last quarter?
MAC's most recent reported quarter was Q2 2026. Net income was $-27M with diluted EPS of $-0.10. For a full breakdown of all quarters, see the quarterly earnings table on this page.