The Macerich Company (MAC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MAC Revenue Growth
Revenue Breakdown (FY 2025)
MAC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MAC Revenue Analysis (2014–2025)
As of May 8, 2026, The Macerich Company (MAC) generated trailing twelve-month (TTM) revenue of $1.01 billion, reflecting slight decline in growth of -3.1% year-over-year. The most recent quarter (Q1 2026) recorded $241.5 million in revenue, down 8.2% sequentially.
Looking at the longer-term picture, MAC's 5-year compound annual growth rate (CAGR) stands at +5.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.29 billion in 2015.
Revenue diversification analysis shows MAC's business is primarily driven by Real Estate, Other (64%), and Management Service (36%). With over half of revenue concentrated in Real Estate, Other, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including SPG (+6.7% YoY), CBL (+12.2% YoY), and KIM (+4.4% YoY), MAC has underperformed the peer group in terms of revenue growth. Compare MAC vs SPG →
MAC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MACCurrent | $1.0B | -3.1% | +5.3% | 16.5% | |
 SPG | $6.4B | +6.7% | +6.7% | 49.9% | |
 CBL | $578M | +12.2% | +0.1% | 24.2% | |
 KIM | $2.1B | +4.4% | +15.1% | 35.2% | |
 REG | $1.6B | +12.0% | +8.2% | 37.0% | |
 AKR | $411M | +9.8% | +10.4% | 12.0% |
MAC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.02B | +10.6% | $387.5M | 38.2% | $167.8M | 16.5% |
| 2024 | $918.2M | +3.9% | $487.9M | 53.1% | $165.0M | 18.0% |
| 2023 | $884.1M | +2.9% | $489.2M | 55.3% | $177.6M | 20.1% |
| 2022 | $859.2M | +1.4% | $468.8M | 54.6% | $150.0M | 17.5% |
| 2021 | $847.4M | +7.8% | $466.6M | 55.1% | $125.4M | 14.8% |
| 2020 | $786.0M | -15.2% | $438.0M | 55.7% | $88.1M | 11.2% |
| 2019 | $927.5M | -3.4% | $559.5M | 60.3% | $206.1M | 22.2% |
| 2018 | $960.4M | -3.4% | $579.3M | 60.3% | $308.6M | 32.1% |
| 2017 | $993.7M | -4.6% | $598.4M | 60.2% | $234.7M | 23.6% |
| 2016 | $1.04B | -19.2% | $635.3M | 61.0% | $258.6M | 24.8% |
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Start ComparisonMAC — Frequently Asked Questions
Quick answers to the most common questions about buying MAC stock.
Is MAC's revenue growth accelerating or slowing?
MAC revenue growth slowed to -3.1%, below the 5-year CAGR of +5.3%. TTM revenue is $1.0B. The deceleration marks a shift from historical growth rates.
What is MAC's long-term revenue growth rate?
The Macerich Company's 5-year revenue CAGR of +5.3% reflects the variable expansion pattern. Current YoY growth of -3.1% is near this long-term average.
How is MAC's revenue distributed by segment?
MAC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.