Growth Metrics

Macerich (MAC) Gross Margin (2017 - 2025)

Macerich's Gross Margin history spans 9 years, with the latest figure at 130.6% for Q4 2025.

  • For Q4 2025, Gross Margin fell 1941.0% year-over-year to 130.6%; the TTM value through Dec 2025 reached 89.17%, down 1769.0%, while the annual FY2025 figure was 91.65%, 482.0% down from the prior year.
  • Gross Margin reached 130.6% in Q4 2025 per MAC's latest filing, up from 68.51% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 150.02% in Q4 2024 to a low of 12.31% in Q4 2021.
  • Average Gross Margin over 5 years is 75.49%, with a median of 72.51% recorded in 2022.
  • Peak YoY movement for Gross Margin: tumbled -8539bps in 2023, then skyrocketed 13983bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 12.31% in 2021, then surged by 876bps to 95.58% in 2022, then plummeted by -89bps to 10.19% in 2023, then skyrocketed by 1373bps to 150.02% in 2024, then decreased by -13bps to 130.6% in 2025.
  • Per Business Quant, the three most recent readings for MAC's Gross Margin are 130.6% (Q4 2025), 68.51% (Q3 2025), and 78.2% (Q2 2025).