The Macerich Company (MAC) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 95.4% | 67.8% | -19.4% |
| 2024 | 53.1% | 18.0% | -21.1% |
| 2023 | 55.3% | 20.1% | -31.0% |
| 2022 | 54.6% | 17.5% | -7.7% |
| 2021 | 55.1% | 14.8% | 1.7% |
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The Macerich Company (MAC) Earnings Overview
As of March 1, 2026, The Macerich Company (MAC) reported trailing twelve-month net income of -$197M, reflecting +0.0% year-over-year growth. The company earned $-0.77 per diluted share over the past four quarters, with a net profit margin of -0.2%.
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 industry peers including SPG ($4.61B net income, 0.7% margin), SKT ($108M net income, 0.2% margin), CBL ($135M net income, 0.2% margin), MAC has room to improve margins relative to the peer group. Compare MAC vs SPG →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
MACCurrent | -$197M | $-0.77 | -0.2% | - | +0.0% | — |
SPG | $4.6B | $14.16 | 0.7% | 0.9% | +0.9% | |
SKT | $108M | $0.94 | 0.2% | 0.2% | -0.0% | |
CBL | $135M | $4.34 | 0.2% | 0.4% | +1.3% |
Historical Data
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$197M | -1.6% | $688M | $-0.78 | -19.4% | 67.8% |
| 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% |
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Start ComparisonFrequently Asked Questions
Is MAC growing earnings?
MAC TTM EPS: $-0.77. Net income: $-197M. Earnings growth: +0.0%.
What are MAC's profit margins?
The Macerich Company net margin is -0.2%, with operating margin at +0.7%. Below-average margins reflect competitive or cost pressures.
How consistent are MAC's earnings?
MAC earnings data spans 1994-2025. The current earnings trend is +0.0% YoY. Historical data enables comparison across business cycles.