Macerich Company (MAC) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
918.2M
Gross Profit
487.9M
53.14%
Operating Income
165.0M
17.97%
Net Income
-197.7M
-21.53%
Balance Sheet Metrics
Total Assets
8.6B
Total Liabilities
5.7B
Shareholders Equity
2.8B
Debt to Equity
2.01
Cash Flow Metrics
Operating Cash Flow
126.7M
Free Cash Flow
283.4M
Revenue & Profitability Trend
Macerich Company Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 918.2M | 884.1M | 859.2M | 847.4M | 786.0M |
| Cost of Goods Sold | 430.3M | 394.9M | 390.4M | 380.9M | 348.0M |
| Gross Profit | 487.9M | 489.2M | 468.8M | 466.6M | 438.0M |
| Operating Expenses | 28.1M | 29.2M | 27.2M | 30.1M | 30.3M |
| Operating Income | 165.0M | 177.6M | 150.0M | 125.4M | 88.1M |
| Pre-tax Income | -199.0M | -278.6M | -64.4M | 23.1M | -245.9M |
| Income Tax | -1.3M | -494.0K | 705.0K | 6.9M | -447.0K |
| Net Income | -197.7M | -278.1M | -65.1M | 16.2M | -245.5M |
| EPS (Diluted) | - | -$1.28 | -$0.31 | $0.07 | -$1.54 |
Income Statement Trend
Macerich Company Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 334.7M | 378.5M | 368.0M | 378.3M | 723.5M |
| Non-Current Assets | 8.2B | 7.1B | 7.7B | 8.0B | 8.5B |
| Total Assets | 8.6B | 7.5B | 8.1B | 8.3B | 9.2B |
| Liabilities | |||||
| Current Liabilities | 660.1M | 573.7M | 502.9M | 441.4M | 475.8M |
| Non-Current Liabilities | 5.1B | 4.4B | 4.6B | 4.7B | 6.3B |
| Total Liabilities | 5.7B | 5.0B | 5.1B | 5.2B | 6.7B |
| Equity | |||||
| Total Shareholders Equity | 2.8B | 2.5B | 2.9B | 3.2B | 2.4B |
Balance Sheet Composition
Macerich Company Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -197.7M | -278.1M | -65.1M | 16.2M | -245.5M |
| Operating Cash Flow | 126.7M | 3.2M | 268.1M | 411.2M | 7.0M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 264.3M | -49.1M | -13.4M | 249.2M | -213.0M |
| Financing Activities | |||||
| Dividends Paid | -161.3M | -159.3M | -186.3M | -143.4M | -179.9M |
| Financing Cash Flow | -316.0M | -338.9M | -321.9M | -837.0M | 446.5M |
| Free Cash Flow | 283.4M | 295.5M | 337.5M | 286.4M | 124.8M |
Cash Flow Trend
Macerich Company Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
50.89
Forward P/E
-80.20
Price to Book
1.52
Price to Sales
4.20
PEG Ratio
-80.20
Profitability Ratios
Profit Margin
-11.61%
Operating Margin
12.51%
Return on Equity
-4.60%
Return on Assets
1.73%
Financial Health
Current Ratio
0.44
Debt to Equity
193.07
Beta
2.14
Per Share Data
EPS (TTM)
-$0.49
Book Value per Share
$10.53
Revenue per Share
$4.38
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| mac | 4.3B | 50.89 | 1.52 | -4.60% | -11.61% | 193.07 |
| Simon Property | 60.4B | 25.50 | 20.38 | 67.31% | 34.25% | 773.47 |
| Realty Income | 52.7B | 53.06 | 1.35 | 2.51% | 18.10% | 69.96 |
| Federal Realty | 8.4B | 27.70 | 2.74 | 9.45% | 24.70% | 133.51 |
| Agree Realty | 8.2B | 42.16 | 1.50 | 3.55% | 30.05% | 52.67 |
| NNN REIT | 8.2B | 20.29 | 1.87 | 9.35% | 45.09% | 103.10 |
Financial data is updated regularly. All figures are in the company's reporting currency.