Macerich Company (The)

As of June 30, 2026, Macerich Company carries a market capitalization of 6.30B, placing it among publicly traded companies globally. Its enterprise value stands at 10.47B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Macerich Company's next confirmed earnings release is scheduled for November 4, 2026.

As of June 30, 2026, Macerich Company has 284.08M shares outstanding.

These figures are as of June 30, 2026. The price-to-sales ratio is 6.56, and the price-to-book ratio stands at 2.54.

As of June 30, 2026, Macerich Company trades at an EV/EBITDA multiple of 29.29 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 11.88 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 232.76 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. These enterprise value multiples are built on an enterprise value of 10.47B versus a market cap of 6.30B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Macerich Company maintains a current ratio of 0.63, meaning it holds 0.6x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 168.93, indicating elevated leverage, while an interest coverage ratio of 3.06 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Macerich Company posted a negative return on equity (ROE) of -6.26, meaning shareholder capital produced losses rather than profits. Return on assets (ROA) is negative at -1.97, reflecting losses generated across the asset base. The company generates approximately 1.46M in revenue per employee across its workforce of 602.50, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Macerich Company recorded an income tax benefit of -2.91M rather than an expense, typically from losses, carryforwards, or the release of a tax provision. The company reported a pretax loss of -153.56M and -148.40M in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

As of the close on October 22, 2026, Macerich Company's stock has gained approximately 39.44% over the past 52 weeks. The 50-day moving average sits at 20.25, while the 200-day moving average is 18.54.

Over the twelve months ended June 30, 2026, Macerich Company generated 880.74M in revenue and converted that into -148.40M in net income, yielding earnings per share of -0.57. EBITDA reached 357.39M, while operating income came in at 143.58M.

As of June 30, 2026, Macerich Company holds 198.72M in cash and equivalents against 4.30B in total debt, resulting in a net debt position of 4.04B. Total book value stands at 2.47B, with working capital of -229.56M providing operational flexibility.

Macerich Company produced 268.58M in operating cash flow over the twelve months ended June 30, 2026.

Over the twelve months ended June 30, 2026, Macerich Company posted a gross margin of 53.96, reflecting its pricing power and cost economics. The operating margin of 16.30 and net profit margin of -16.85 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, Macerich Company paid dividends of 0.65 per share. The dividend payout ratio of -110.42 is negative because earnings are negative, so the dividend is being paid out of something other than profits, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 4.56, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield is negative at -2.53, meaning Macerich Company raised more capital through share issuance and new debt than it returned via dividends and buybacks.

As of June 30, 2026, Macerich Company has an Altman Z-Score of 0.26, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.