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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and MACERICH CO (MAC). Click either name above to swap in a different company.

Alliance Laundry Holdings Inc. is the larger business by last-quarter revenue ($437.6M vs $261.7M, roughly 1.7× MACERICH CO). Alliance Laundry Holdings Inc. runs the higher net margin — 7.5% vs -7.2%, a 14.7% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs -4.4%).

Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

ALH vs MAC — Head-to-Head

Bigger by revenue
ALH
ALH
1.7× larger
ALH
$437.6M
$261.7M
MAC
Growing faster (revenue YoY)
ALH
ALH
+18.2% gap
ALH
13.9%
-4.4%
MAC
Higher net margin
ALH
ALH
14.7% more per $
ALH
7.5%
-7.2%
MAC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALH
ALH
MAC
MAC
Revenue
$437.6M
$261.7M
Net Profit
$32.9M
$-18.8M
Gross Margin
37.0%
Operating Margin
19.5%
Net Margin
7.5%
-7.2%
Revenue YoY
13.9%
-4.4%
Net Profit YoY
620.3%
91.1%
EPS (diluted)
$0.19
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALH
ALH
MAC
MAC
Q4 25
$261.7M
Q3 25
$437.6M
$253.3M
Q2 25
$249.8M
Q1 25
$249.2M
Q4 24
$273.7M
Q3 24
$384.3M
$220.2M
Q2 24
$215.5M
Q1 24
$208.8M
Net Profit
ALH
ALH
MAC
MAC
Q4 25
$-18.8M
Q3 25
$32.9M
$-87.4M
Q2 25
$-40.9M
Q1 25
$-50.1M
Q4 24
$-211.2M
Q3 24
$-6.3M
$-108.2M
Q2 24
$252.0M
Q1 24
$-126.7M
Gross Margin
ALH
ALH
MAC
MAC
Q4 25
Q3 25
37.0%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Q1 24
Operating Margin
ALH
ALH
MAC
MAC
Q4 25
Q3 25
19.5%
Q2 25
Q1 25
Q4 24
Q3 24
18.7%
Q2 24
Q1 24
Net Margin
ALH
ALH
MAC
MAC
Q4 25
-7.2%
Q3 25
7.5%
-34.5%
Q2 25
-16.4%
Q1 25
-20.1%
Q4 24
-77.2%
Q3 24
-1.6%
-49.1%
Q2 24
116.9%
Q1 24
-60.7%
EPS (diluted)
ALH
ALH
MAC
MAC
Q4 25
$-0.08
Q3 25
$0.19
$-0.34
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.95
Q3 24
$-0.04
$-0.50
Q2 24
$1.16
Q1 24
$-0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALH
ALH
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$136.2M
$280.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$-136.4M
$2.4B
Total Assets
$2.9B
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALH
ALH
MAC
MAC
Q4 25
$280.2M
Q3 25
$136.2M
$290.2M
Q2 25
$131.1M
Q1 25
$253.2M
Q4 24
$89.9M
Q3 24
$128.4M
$116.5M
Q2 24
$70.7M
Q1 24
$120.1M
Total Debt
ALH
ALH
MAC
MAC
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
ALH
ALH
MAC
MAC
Q4 25
$2.4B
Q3 25
$-136.4M
$2.5B
Q2 25
$2.6B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$-284.6M
$2.5B
Q2 24
$2.5B
Q1 24
$2.3B
Total Assets
ALH
ALH
MAC
MAC
Q4 25
$8.4B
Q3 25
$2.9B
$8.4B
Q2 25
$8.7B
Q1 25
$8.7B
Q4 24
$8.6B
Q3 24
$7.6B
Q2 24
$7.8B
Q1 24
$7.4B
Debt / Equity
ALH
ALH
MAC
MAC
Q4 25
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALH
ALH
MAC
MAC
Operating Cash FlowLast quarter
$116.8M
$50.2M
Free Cash FlowOCF − Capex
$87.0M
FCF MarginFCF / Revenue
19.9%
Capex IntensityCapex / Revenue
6.8%
Cash ConversionOCF / Net Profit
3.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALH
ALH
MAC
MAC
Q4 25
$50.2M
Q3 25
$116.8M
$112.4M
Q2 25
$70.5M
Q1 25
$88.5M
Q4 24
$54.9M
Q3 24
$100.0M
Q2 24
$67.4M
Q1 24
$61.1M
Free Cash Flow
ALH
ALH
MAC
MAC
Q4 25
Q3 25
$87.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ALH
ALH
MAC
MAC
Q4 25
Q3 25
19.9%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ALH
ALH
MAC
MAC
Q4 25
Q3 25
6.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ALH
ALH
MAC
MAC
Q4 25
Q3 25
3.55×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.27×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALH
ALH

Equipment Product Or Service$275.7M63%
Other$106.8M24%
Service Parts$33.1M8%
Equipment Financing$12.6M3%

MAC
MAC

Segment breakdown not available.

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