Last 48 quarters of trend data · Real Estate · Retail REITs
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -71.34 | — | — | — | — | — | — | — | — | — | 3.33 | — | 13.30 | — | — | — | 281.50 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | -95.3% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 7.28 | 6.11 | 6.90 | 5.02 | 4.50 | 4.57 | 4.10 | 4.36 | 4.31 | 4.52 | 3.87 | 4.46 | 3.49 | 2.70 | 2.86 | 2.66 | 2.65 | 2.03 | 2.29 | 3.89 | 4.20 |
| — | +33.7% | +68.4% | +15.3% | +4.6% | +0.9% | +5.9% | -2.2% | +23.5% | +67.8% | +35.5% | +67.9% | +31.4% | +33.0% | +24.6% | -31.7% | -36.8% | -51.7% | -47.4% | +59.5% | +104.9% | |
| P/B Ratio | 2.52 | 2.27 | 2.37 | 1.94 | 1.87 | 1.79 | 1.54 | 1.58 | 1.66 | 1.54 | 1.29 | 1.58 | 1.32 | 0.94 | 0.86 | 0.80 | 0.82 | 0.57 | 0.61 | 1.08 | 1.21 |
| — | +26.6% | +54.2% | +22.6% | +13.0% | +16.4% | +19.3% | +0.4% | +25.9% | +63.4% | +49.2% | +97.3% | +60.4% | +64.2% | +41.1% | -26.2% | -32.3% | -47.9% | -49.0% | +74.9% | +85.9% | |
| P/FCF | 24.33 | 6.45 | — | 34.33 | 23.59 | 7.53 | 18.50 | 12.27 | 21.47 | 9.96 | 12.94 | 15.23 | 16.86 | 5.48 | 12.48 | 7.07 | 11.53 | 2.52 | 9.37 | 12.83 | 12.90 |
| — | -14.3% | — | +179.7% | +9.8% | -24.4% | +43.0% | -19.4% | +27.4% | +81.8% | +3.7% | +115.5% | +46.2% | +117.4% | +33.2% | -44.9% | -10.6% | -72.1% | -39.3% | +44.5% | +92.9% | |
| EV / EBITDA | 28.30 | 21.63 | 44.67 | 21.66 | 17.99 | 17.07 | 17.67 | 18.47 | 16.92 | 18.32 | 17.65 | 19.83 | 13.90 | 14.47 | 15.05 | 14.54 | 13.47 | 14.18 | 15.05 | 17.04 | 17.24 |
| — | +26.7% | +152.8% | +17.3% | +6.3% | -6.8% | +0.1% | -6.9% | +21.7% | +26.6% | +17.3% | +36.4% | +3.2% | +2.0% | +0.0% | -14.7% | -21.9% | -18.2% | -12.8% | -12.2% | -7.0% | |
| EV / EBIT | 74.82 | 54.33 | 74.40 | 116.94 | 29.88 | — | 77.46 | 137.26 | — | — | 6.14 | — | — | 41.49 | 41.32 | — | 32.35 | 48.40 | 53.27 | 119.75 | 130.31 |
| — | — | -4.0% | -14.8% | — | — | +1161.3% | — | — | — | -85.1% | — | — | -14.3% | -22.4% | — | -75.2% | -9.9% | +44.7% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.2% | 67.3% | 68.8% | -17.7% | -9.4% | 56.3% | 55.0% | 53.0% | 55.0% | 52.9% | 53.8% | 50.2% | 58.8% | 53.4% | 54.9% | 53.9% | 57.4% | 52.6% | 53.1% | 54.9% | 54.7% |
| — | +19.4% | +25.0% | -133.3% | -117.1% | +6.6% | +2.2% | +5.5% | -6.4% | -1.0% | -1.9% | -6.8% | +2.5% | +1.6% | +3.3% | -1.8% | +4.9% | -7.6% | -9.2% | +10.9% | +1.9% | |
| Operating Margin | 16.5% | 15.1% | -11.1% | 12.8% | 19.0% | 17.7% | 16.5% | 12.8% | 22.5% | 16.8% | 17.3% | 13.8% | 26.4% | 18.3% | 17.6% | 17.4% | 22.0% | 14.8% | 14.5% | 18.0% | 16.6% |
| — | -14.6% | -167.4% | -0.2% | -15.9% | +5.2% | -5.0% | -7.5% | -14.6% | -7.8% | -1.4% | -20.5% | +19.8% | +23.2% | +21.4% | -3.5% | +32.4% | -16.3% | -25.4% | +341.2% | +76.7% | |
| Net Margin | -19.4% | -6.4% | -10.8% | -15.0% | -7.1% | -34.5% | -16.4% | -20.1% | -77.2% | -49.1% | 116.9% | -60.7% | 26.1% | -120.4% | -7.0% | -27.3% | 0.7% | -7.2% | -7.5% | -17.2% | -7.4% |
| — | +81.3% | +33.8% | +25.5% | +90.8% | +29.8% | -114.0% | +66.9% | -396.3% | +59.2% | +1759.5% | -122.0% | +3419.8% | -1569.1% | +6.5% | -58.9% | +109.9% | -114.3% | -38.1% | +48.5% | +92.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.3% | -0.6% | -1.0% | -1.4% | -0.7% | -3.3% | -1.5% | -1.8% | -7.8% | -4.2% | 10.2% | -5.2% | 2.5% | -9.9% | -0.5% | -2.0% | 0.1% | -0.5% | -0.5% | -1.2% | -0.5% |
| — | +82.4% | +34.0% | +19.6% | +90.6% | +20.3% | -114.9% | +65.4% | -414.3% | +57.8% | +2027.6% | -156.2% | +4240.9% | -1865.0% | -5.8% | -70.9% | +110.7% | -115.0% | -30.0% | +49.3% | +92.9% | |
| ROA | -2.3% | -0.2% | -0.3% | -0.4% | -0.2% | -1.0% | -0.5% | -0.6% | -2.6% | -1.4% | 3.3% | -1.7% | 0.8% | -3.4% | -0.2% | -0.7% | 0.0% | -0.2% | -0.2% | -0.4% | -0.2% |
| — | +81.0% | +31.1% | +24.5% | +91.5% | +27.7% | -114.1% | +65.9% | -417.5% | +58.5% | +1858.5% | -132.2% | +3840.2% | -1705.9% | -0.4% | -63.3% | +110.3% | -115.0% | -46.7% | +33.4% | +90.2% | |
| ROIC | 1.6% | 0.4% | -0.3% | 0.3% | 0.5% | 0.4% | 0.4% | 0.3% | 0.6% | 0.4% | 0.4% | 0.3% | 0.7% | 0.4% | 0.4% | 0.4% | 0.5% | 0.3% | 0.3% | 0.4% | 0.4% |
| — | -10.2% | -170.3% | -0.2% | -21.4% | +10.5% | -3.7% | -5.7% | -10.1% | -8.0% | +3.5% | -16.2% | +36.1% | +36.2% | +33.7% | +1.1% | +38.6% | -12.1% | -25.2% | +430.7% | +118.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.06 | 1.87 | 1.67 | 2.01 | 2.06 | 1.99 | 2.02 | 1.93 | 1.78 | 1.71 | 1.79 | 1.84 | 1.71 | 1.75 | 1.56 | 1.53 | 1.53 | 1.49 | 1.48 | 1.48 | 1.45 |
| — | -6.3% | -17.6% | +4.3% | +15.6% | +16.9% | +13.3% | +4.8% | +4.5% | -2.5% | +14.4% | +20.5% | +11.8% | +17.1% | +5.3% | +3.7% | +5.1% | +4.4% | -6.7% | -27.5% | -42.1% | |
| Debt / EBITDA | 9.71 | 41.06 | 75.23 | 44.33 | 37.82 | 37.06 | 40.74 | 41.68 | 35.38 | 39.07 | 41.37 | 43.39 | 31.77 | 38.26 | 39.29 | 38.85 | 35.53 | 41.73 | 43.33 | 39.95 | 38.05 |
| — | +10.8% | +84.7% | +6.4% | +6.9% | -5.1% | -1.5% | -4.0% | +11.4% | +2.1% | +5.3% | +11.7% | -10.6% | -8.3% | -9.3% | -2.8% | -6.6% | +4.9% | +7.8% | -42.0% | -39.2% | |
| Current Ratio | 0.09 | 1.40 | 0.46 | 0.50 | 0.09 | 0.74 | 0.53 | 0.74 | 0.51 | 0.62 | 0.57 | 0.68 | 0.66 | 0.63 | 0.63 | 0.66 | 0.73 | 0.68 | 0.82 | 0.86 | 0.86 |
| — | +90.7% | -12.8% | -32.7% | -82.5% | +18.8% | -7.6% | +9.0% | -23.2% | -1.8% | -8.3% | +2.7% | -9.8% | -6.9% | -23.7% | -22.6% | -14.6% | -17.9% | -25.4% | -72.9% | -43.6% | |
| Quick Ratio | 0.09 | 1.40 | 0.46 | 0.50 | 0.09 | 0.74 | 0.53 | 0.74 | 0.51 | 0.62 | 0.57 | 0.68 | 0.66 | 0.63 | 0.63 | 0.66 | 0.73 | 0.68 | 0.82 | 0.86 | 0.86 |
| — | +90.7% | -12.8% | -32.7% | -82.5% | +18.8% | -7.6% | +9.0% | -23.2% | -1.8% | -8.3% | +2.7% | -9.8% | -6.9% | -23.7% | -22.6% | -14.6% | -17.9% | -25.4% | -72.9% | -43.6% | |
| Interest Coverage | 0.18 | 0.76 | 0.59 | 0.31 | 1.10 | — | 0.42 | 0.25 | — | -0.95 | 5.79 | -1.54 | -8.67 | 0.75 | 0.74 | -0.52 | 0.89 | 0.59 | 0.56 | 0.31 | 0.37 |
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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 -71.3x. 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.