Macerich (MAC) Ratios
Macerich Ratios
MX:MAC's free cash flow for Q2 2026 was $-28.05M. For the 2026 fiscal year, MX:MAC's free cash flow was decreased by $-77.81M and operating cash flow was $49.76M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.09 | 0.51 | 0.66 | 0.73 | 0.86 |
| Quick Ratio | 0.09 | 0.51 | 0.66 | 0.73 | 0.86 |
| Cash Ratio | 0.04 | 0.14 | 0.17 | 0.20 | 0.25 |
| Solvency Ratio | 0.03 | 0.02 | 0.00 | 0.05 | 0.07 |
| Operating Cash Flow Ratio | 0.28 | 0.43 | 0.52 | 0.67 | 0.65 |
| Short-Term Operating Cash Flow Coverage | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ -5.74B | $ -5.39B | $ -4.61B | $ -4.78B | $ -4.79B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.62 | 0.59 | 0.57 | 0.56 | 0.55 |
| Debt-to-Equity Ratio | 2.12 | 1.84 | 1.76 | 1.57 | 1.51 |
| Debt-to-Capital Ratio | 0.68 | 0.65 | 0.64 | 0.61 | 0.60 |
| Long-Term Debt-to-Capital Ratio | 0.62 | 0.64 | 0.63 | 0.61 | 0.60 |
| Financial Leverage Ratio | 3.42 | 3.11 | 3.07 | 2.82 | 2.74 |
| Debt Service Coverage Ratio | 0.30 | 1.49 | 1.11 | 2.09 | 2.77 |
| Interest Coverage Ratio | 0.78 | 0.75 | 1.03 | 0.69 | 0.65 |
| Debt to Market Cap | 1.08 | 1.02 | 1.27 | 1.82 | 1.32 |
| Interest Debt Per Share | 21.12 | 21.59 | 20.80 | 21.93 | 24.24 |
| Net Debt to EBITDA | 12.66 | 15.22 | 22.10 | 9.67 | 8.32 |
| Profitability Margins | |||||
| Gross Profit Margin | 38.16% | 53.14% | 55.33% | 54.57% | 55.05% |
| EBIT Margin | 3.88% | 2.29% | -11.95% | 17.75% | 25.46% |
| EBITDA Margin | 40.14% | 35.60% | 21.57% | 52.95% | 63.74% |
| Operating Profit Margin | 16.52% | 17.97% | 20.09% | 17.46% | 14.79% |
| Pretax Profit Margin | -17.43% | -21.67% | -31.51% | -7.49% | 2.73% |
| Net Profit Margin | -19.42% | -21.14% | -31.00% | -7.69% | 1.68% |
| Continuous Operations Profit Margin | -17.21% | -21.53% | -31.46% | -7.57% | 1.91% |
| Net Income Per EBT | 111.42% | 97.56% | 98.37% | 102.63% | 61.72% |
| EBT Per EBIT | -105.47% | -120.58% | -156.88% | -42.91% | 18.43% |
| Return on Assets (ROA) | -2.36% | -2.27% | -3.65% | -0.82% | 0.17% |
| Return on Equity (ROE) | -8.05% | -7.04% | -11.20% | -2.31% | 0.47% |
| Return on Capital Employed (ROCE) | 2.33% | 2.09% | 2.56% | 1.98% | 1.59% |
| Return on Invested Capital (ROIC) | 1.98% | 2.07% | 2.55% | 1.98% | 1.11% |
| Return on Tangible Assets | -2.36% | -2.32% | -3.70% | -0.82% | 0.17% |
| Earnings Yield | -4.16% | -3.98% | -8.24% | -2.73% | 0.42% |
| Efficiency Ratios | |||||
| Receivables Turnover | 17.03 | 5.84 | 4.70 | 4.60 | 4.01 |
| Payables Turnover | 5.01 | 4.92 | 6.15 | 6.19 | 6.43 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 15.50 | 8.27 | 7.45 | 6.79 | 7.66 |
| Asset Turnover | 0.12 | 0.11 | 0.12 | 0.11 | 0.10 |
| Working Capital Turnover Ratio | -1.47 | -3.53 | -5.36 | -8.68 | 9.18 |
| Cash Conversion Cycle | -51.36 | -11.78 | 18.38 | 20.39 | 34.28 |
| Days of Sales Outstanding | 21.44 | 62.49 | 77.71 | 79.40 | 91.04 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 72.79 | 74.26 | 59.34 | 59.01 | 56.76 |
| Operating Cycle | 21.44 | 62.49 | 77.71 | 79.40 | 91.04 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.25 | 1.16 | 1.37 | 1.57 | 1.45 |
| Free Cash Flow Per Share | 1.25 | 1.16 | 1.37 | 1.57 | 1.45 |
| Dividend Paid and CapEx Coverage Ratio | 1.71 | 1.76 | 1.86 | 1.81 | 2.00 |
| Capital Expenditure Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Cash Flow Coverage Ratio | 0.06 | 0.06 | 0.07 | 0.08 | 0.06 |
| Operating Cash Flow to Sales Ratio | 0.32 | 0.31 | 0.33 | 0.39 | 0.34 |
| Free Cash Flow Yield | 6.79% | 5.81% | 8.88% | 13.94% | 8.37% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -23.97 | -25.22 | -12.14 | -36.65 | 239.97 |
| Price-to-Sales (P/S) Ratio | 4.67 | 5.31 | 3.76 | 2.82 | 4.04 |
| Price-to-Book (P/B) Ratio | 1.93 | 1.77 | 1.36 | 0.84 | 1.12 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 14.73 | 17.20 | 11.26 | 7.17 | 11.95 |
| Price-to-Operating Cash Flow Ratio | 14.73 | 17.20 | 11.26 | 7.17 | 11.95 |
| Price-to-Earnings Growth (PEG) Ratio | 9.47 | 0.66 | -0.04 | 0.07 | -2.30 |
| Enterprise Value Multiple | 24.29 | 30.14 | 39.54 | 14.99 | 14.66 |
| Enterprise Value | 9.90B | 9.85B | 7.54B | 6.82B | 7.92B |
| EV to EBITDA | 24.29 | 30.14 | 39.54 | 14.99 | 14.66 |
| EV to Sales | 9.75 | 10.73 | 8.53 | 7.94 | 9.34 |
| EV to Free Cash Flow | 30.77 | 34.76 | 25.52 | 20.21 | 27.65 |
| EV to Operating Cash Flow | 30.77 | 34.76 | 25.52 | 20.21 | 27.65 |
| Tangible Book Value Per Share | 9.73 | 10.75 | 11.25 | 13.38 | 15.27 |
| Shareholders’ Equity Per Share | 9.54 | 11.26 | 11.35 | 13.33 | 15.38 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.01 | 0.01 | 0.00 | -0.01 | 0.30 |
| Revenue Per Share | 3.96 | 3.75 | 4.10 | 4.00 | 4.28 |
| Net Income Per Share | -0.77 | -0.79 | -1.27 | -0.31 | 0.07 |
| Tax Burden | 1.11 | 0.98 | 0.98 | 1.03 | 0.62 |
| Interest Burden | -4.49 | -9.46 | 2.64 | -0.42 | 0.11 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 |
| Income Quality | -1.63 | -1.43 | -1.06 | -5.19 | 17.72 |
Currency in USD
