Last 48 quarters of trend data · Real Estate · REIT - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 42.7% YoY to 10.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -30.66 | — | — | — | — | — | — | — | 3.33 | — | 13.30 | — | — |
| — | — | — | — | — | — | — | — | — | — | -95.3% | — | — | |
| P/S Ratio | 6.05 | 5.02 | 4.50 | 4.57 | 4.10 | 4.36 | 4.31 | 4.52 | 3.87 | 4.46 | 3.49 | 2.70 | 2.86 |
| — | +15.3% | +4.6% | +0.9% | +5.9% | -2.2% | +23.5% | +67.8% | +35.5% | +67.9% | +31.4% | +33.0% | +24.6% | |
| P/B Ratio | 2.40 | 1.94 | 1.87 | 1.79 | 1.54 | 1.58 | 1.66 | 1.54 | 1.29 | 1.58 | 1.32 | 0.94 | 0.86 |
| — | +22.6% | +13.0% | +16.4% | +19.3% | +0.4% | +25.9% | +63.4% | +49.2% | +97.3% | +60.4% | +64.2% | +41.1% | |
| P/FCF | 19.10 | 34.33 | 23.59 | 7.53 | 18.50 | 12.27 | 21.47 | 9.96 | 12.94 | 15.23 | 16.86 | 5.48 | 12.48 |
| — | +179.7% | +9.8% | -24.4% | +43.0% | -19.4% | +27.4% | +81.8% | +3.7% | +115.5% | +46.2% | +117.4% | +33.2% | |
| EV / EBITDA | 21.19 | 10.58 | 18.33 | 17.07 | 17.67 | 18.47 | 16.92 | 18.76 | 17.65 | 19.83 | 13.90 | 14.47 | 15.05 |
| — | -42.7% | +8.3% | -9.0% | +0.1% | -6.9% | +21.7% | +29.7% | +17.3% | +36.4% | +3.2% | +2.0% | +0.0% | |
| EV / EBIT | 67.37 | 57.11 | 29.88 | 52.83 | 77.46 | 137.26 | 39.26 | 55.84 | 6.14 | — | — | 41.49 | 41.32 |
| — | -58.4% | -23.9% | -5.4% | +1161.3% | — | — | +34.6% | -85.1% | — | — | -14.3% | -22.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Macerich Company's operating margin was 12.8% in Q1 2026, down 6.2 pp QoQ and down 0.0 pp YoY. The trailing four-quarter average of 16.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 133.3% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.2% | -17.7% | -9.4% | 56.3% | 55.0% | 53.0% | 55.0% | 52.9% | 53.8% | 50.2% | 58.8% | 53.4% | 54.9% |
| — | -133.3% | -117.1% | +6.6% | +2.2% | +5.5% | -6.4% | -1.0% | -1.9% | -6.8% | +2.5% | +1.6% | +3.3% | |
| Operating Margin | 16.5% | 12.8% | 19.0% | 17.7% | 16.5% | 12.8% | 22.5% | 16.8% | 17.3% | 13.8% | 26.4% | 18.3% | 17.6% |
| — | -0.2% | -15.9% | +5.2% | -5.0% | -7.5% | -14.6% | -7.8% | -1.4% | -20.5% | +19.8% | +23.2% | +21.4% | |
| Net Margin | -19.4% | -15.0% | -7.1% | -34.5% | -16.4% | -20.1% | -77.2% | -49.1% | 116.9% | -60.7% | 26.1% | -120.4% | -7.0% |
| — | +25.5% | +90.8% | +29.8% | -114.0% | +66.9% | -396.3% | +59.2% | +1759.5% | -122.0% | +3419.8% | -1569.1% | +6.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.3% | -1.4% | -0.7% | -3.3% | -1.5% | -1.8% | -7.8% | -4.2% | 10.2% | -5.2% | 2.5% | -9.9% | -0.5% |
| — | +19.6% | +90.6% | +20.3% | -114.9% | +65.4% | -414.3% | +57.8% | +2027.6% | -156.2% | +4240.9% | -1865.0% | -5.8% | |
| ROA | -2.3% | -0.7% | -0.2% | -1.0% | -0.5% | -0.6% | -2.6% | -1.4% | 3.3% | -1.7% | 0.8% | -3.4% | -0.2% |
| — | -26.7% | +91.5% | +27.7% | -114.1% | +65.9% | -417.5% | +58.5% | +1858.5% | -132.2% | +3840.2% | -1705.9% | -0.4% | |
| ROIC | 1.6% | 0.5% | 0.5% | 0.4% | 0.4% | 0.3% | 0.6% | 0.4% | 0.4% | 0.3% | 0.7% | 0.4% | 0.4% |
| — | +49.5% | -21.4% | +10.5% | -3.7% | -5.7% | -10.1% | -8.0% | +3.5% | -16.2% | +36.1% | +36.2% | +33.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.06 | — | 2.06 | 1.99 | 2.02 | 1.93 | 1.78 | 1.71 | 1.79 | 1.84 | 1.71 | 1.75 | 1.56 |
| — | — | +15.6% | +16.9% | +13.3% | +4.8% | +4.5% | -2.5% | +14.4% | +20.5% | +11.8% | +17.1% | +5.3% | |
| Debt / EBITDA | 9.76 | — | 38.55 | 37.06 | 40.74 | 41.68 | 35.38 | 40.00 | 41.37 | 43.39 | 31.77 | 38.26 | 39.29 |
| — | — | +8.9% | -7.3% | -1.5% | -4.0% | +11.4% | +4.5% | +5.3% | +11.7% | -10.6% | -8.3% | -9.3% | |
| Current Ratio | 0.09 | — | 0.09 | 0.74 | 0.53 | 0.74 | 0.51 | 0.62 | 0.57 | 0.68 | 0.66 | 0.63 | 0.63 |
| — | — | -82.5% | +18.8% | -7.6% | +9.0% | -23.2% | -1.8% | -8.3% | +2.7% | -9.8% | -6.9% | -23.7% | |
| Quick Ratio | 0.09 | — | 0.09 | 0.74 | 0.53 | 0.74 | 0.51 | 0.62 | 0.57 | 0.68 | 0.66 | 0.63 | 0.63 |
| — | — | -82.5% | +18.8% | -7.6% | +9.0% | -23.2% | -1.8% | -8.3% | +2.7% | -9.8% | -6.9% | -23.7% | |
| Interest Coverage | 0.18 | 0.31 | 1.10 | — | 0.42 | 0.25 | — | 0.65 | 5.79 | -1.54 | -8.67 | 0.75 | 0.74 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying MAC stock.
The Macerich Company's current P/E is -30.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Macerich Company's current operating margin is 16.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Macerich Company's business trajectory between earnings reports.