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Macerich profit margin MAC

Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.

Net margin, 12 months
−16.8%
Net margin on a year earlier
+24.5 pts
Peer median
29.8%

Over the twelve months to Jun 30, 2026, Macerich kept −16.8% of its revenue as net profit and a gross margin of 54.0%.

Five years earlier its net margin was −36.6%.

The median for 10 specialty REITs of a similar size is 29.8%.

Profit margin over time

GrossNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginGross margin
FY2025−19.4%54.9%
FY2024−21.1%53.1%
FY2023−31.0%55.3%
FY2022−7.7%54.6%
FY20211.7%55.1%
FY2020−29.3%53.9%
FY201910.4%60.3%
FY20186.2%60.7%
FY201714.7%n/a
FY201649.7%n/a
FY201537.8%n/a
FY2014n/an/a
FY201340.8%n/a
FY201242.3%n/a
FY201120.4%n/a

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a year
Q2 FY26−16.8%+24.5 pts
Q1 FY26−18.2%−6.0 pts
Q4 FY25−19.4%+1.7 pts
Q3 FY25−38.0%−46.9 pts
Q2 FY25−41.3%−32.8 pts
Q1 FY25−12.3%+26.7 pts
Q4 FY24−21.1%+9.9 pts
Q3 FY249.0%+47.3 pts
Q2 FY24−8.5%+1.5 pts
Q1 FY24−39.0%−28.7 pts
Q4 FY23−31.0%−23.3 pts
Q3 FY23−38.3%−28.4 pts

Against its peers

Companies in REIT - Specialty nearest Macerich's size, closest first, today.

CompanyProfit margin
MACMacerich−16.8%
STAGSTAG Industrial28.1%
FRFirst Industrial Realty Trust48.0%
NNNNNN REIT40.4%
EPRTEssential Properties Realty Trust43.5%
RHPRyman Hospitality Properties9.9%
ADCAgree Realty28.8%
RYNRayonier7.8%
OUTOUTFRONT Media12.7%
BRXBrixmor Property30.8%
CTRECareTrust REIT62.2%
Peer median29.8%

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Macerich

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.