The Macerich Company (MAC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MAC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
MAC Revenue Analysis (2014–2025)
As of March 1, 2026, The Macerich Company (MAC) generated trailing twelve-month (TTM) revenue of $1.01 billion, reflecting slight decline in growth of -4.4% year-over-year. The most recent quarter (Q4 2025) recorded $261.7 million in revenue, up 3.3% sequentially.
Looking at the longer-term picture, MAC's 5-year compound annual growth rate (CAGR) stands at +5.2%, 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 (56%), and Management Service (44%). 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), SKT (+9.6% YoY), and CBL (+12.2% YoY), MAC has underperformed the peer group in terms of revenue growth. Compare MAC vs SPG →
Peer Comparison
Compare MAC's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MACCurrent | $1.0B | -4.4% | +5.2% | 67.8% | |
| SPG | $6.4B | +6.7% | +6.7% | 49.9% | |
| SKT | $526M | +9.6% | +1.6% | 28.6% | |
| CBL | $578M | +12.2% | +0.1% | 24.2% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.01B | +10.4% | $967.4M | 95.4% | $687.7M | 67.8% |
| 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% |
See MAC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MAC Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare MAC vs WELL
See how MAC stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is MAC's revenue growth accelerating or slowing?
MAC revenue growth slowed to -4.4%, below the 5-year CAGR of +5.2%. 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 +5.2% reflects the variable expansion pattern. Current YoY growth of -4.4% 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.