Macerich (MAC) Operating Margin (2017 - 2026)
Macerich (MAC) recorded Operating Margin of -51.93% in Q2 2026, up 1.11 percentage points from -53.04% a year earlier and up 6.92 percentage points from the prior quarter.
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Analysis
Macerich (MAC) Operating Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Macerich's Operating Margin came in at -51.97% as of Jun 30, 2026, down 2.00 percentage points year-over-year; for FY2025, it was -51.95%, down 5.17 percentage points from FY2024.
- Annual Operating Margin has a five-year change of -12.48 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -46.78% in FY2024 (-7.68 pp), -39.09% in FY2023 (+10.32 pp), -49.41% in FY2022 (+0.67 pp) and -50.08% in FY2021 (-10.61 pp).
- Quarterly Operating Margin has ranged from -58.85% in Q1 2026 to -18.02% in Q4 2023 over the past five years.
- On a year-over-year basis, Operating Margin rose in two of the last eight quarters, with an average year-over-year change of -5.36 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 24.92 percentage points in Q4 2023, against a drop of 20.90 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -58.85% (Q1 2026), -47.14% (Q4 2025) and -50.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.95 Bn | 150.46 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 123.54 Bn | 127.93 Bn | - | 51.59% |
| 3 | Simon Property | 66.76 Bn | 68.02 Bn | - | 49.72% |
| 4 | Realty Income | 52.37 Bn | 54.76 Bn | - | - |
| 5 | Public Storage | 50.03 Bn | 49.11 Bn | - | 37.85% |
| 6 | Ventas | 44.65 Bn | 43.84 Bn | - | - |
| 7 | Extra Space Storage | 27.81 Bn | 27.81 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 23.01 Bn | 23.20 Bn | - | - |
| 10 | Macerich | 6.41 Bn | 6.49 Bn | 147.76 Mn | -51.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -51.93% |
| Mar 31, 2026 | -58.85% |
| Dec 31, 2025 | -47.14% |
| Sep 30, 2025 | -50.44% |
| Jun 30, 2025 | -53.04% |
| Mar 31, 2025 | -57.43% |
| Dec 31, 2024 | -38.92% |
| Sep 30, 2024 | -51.76% |
| Jun 30, 2024 | -42.83% |
| Mar 31, 2024 | -55.89% |
| Dec 31, 2023 | -18.02% |
| Sep 30, 2023 | -48.78% |
| Jun 30, 2023 | -49.32% |
| Mar 31, 2023 | -42.56% |
| Dec 31, 2022 | -42.94% |
| Sep 30, 2022 | -53.46% |
| Jun 30, 2022 | -54.43% |
| Mar 31, 2022 | -47.55% |
| Dec 31, 2021 | -44.66% |
| Sep 30, 2021 | -41.98% |
API Access
Macerich Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MAC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MAC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MAC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();