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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on SalesTimes Interest Earned

Macerich (MAC) Operating Margin (2017 - 2026)

Macerich filings provide 9 years of Operating Margin readings, the most recent being 29.32% for Q4 2025.

  • On a quarterly basis, Operating Margin fell 6308.0% to 29.32% in Q4 2025 year-over-year; TTM through Dec 2025 was 36.17%, a 2166.0% decrease, with the full-year FY2025 number at 33.26%, down 1991.0% from a year prior.
  • Operating Margin hit 29.32% in Q4 2025 for Macerich, up from 32.55% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 33.76% in Q4 2024 to a low of 49.09% in Q1 2025.
  • Median Operating Margin over the past 5 years was 28.6% (2024), compared with a mean of 21.75%.
  • Biggest five-year swings in Operating Margin: skyrocketed 4123bps in 2024 and later crashed -6308bps in 2025.
  • Macerich's Operating Margin stood at 38.37% in 2021, then dropped by -26bps to 48.34% in 2022, then surged by 85bps to 7.47% in 2023, then soared by 552bps to 33.76% in 2024, then crashed by -187bps to 29.32% in 2025.
  • The last three reported values for Operating Margin were 29.32% (Q4 2025), 32.55% (Q3 2025), and 34.12% (Q2 2025) per Business Quant data.