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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and MACERICH CO (MAC). Click either name above to swap in a different company.

BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $261.7M, roughly 1.4× MACERICH CO). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs -7.2%, a 10.7% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -4.4%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR vs 2.6%).

BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.

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.

BJRI vs MAC — Head-to-Head

Bigger by revenue
BJRI
BJRI
1.4× larger
BJRI
$355.4M
$261.7M
MAC
Growing faster (revenue YoY)
BJRI
BJRI
+7.6% gap
BJRI
3.2%
-4.4%
MAC
Higher net margin
BJRI
BJRI
10.7% more per $
BJRI
3.6%
-7.2%
MAC
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
2.6%
BJRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BJRI
BJRI
MAC
MAC
Revenue
$355.4M
$261.7M
Net Profit
$12.6M
$-18.8M
Gross Margin
74.5%
Operating Margin
3.1%
Net Margin
3.6%
-7.2%
Revenue YoY
3.2%
-4.4%
Net Profit YoY
-24.2%
91.1%
EPS (diluted)
$0.58
$-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
BJRI
BJRI
MAC
MAC
Q4 25
$355.4M
$261.7M
Q3 25
$365.6M
$253.3M
Q2 25
$348.0M
$249.8M
Q1 25
$249.2M
Q4 24
$325.7M
$273.7M
Q3 24
$349.9M
$220.2M
Q2 24
$337.3M
$215.5M
Q1 24
$208.8M
Net Profit
BJRI
BJRI
MAC
MAC
Q4 25
$12.6M
$-18.8M
Q3 25
$22.2M
$-87.4M
Q2 25
$13.5M
$-40.9M
Q1 25
$-50.1M
Q4 24
$-2.9M
$-211.2M
Q3 24
$17.2M
$-108.2M
Q2 24
$7.7M
$252.0M
Q1 24
$-126.7M
Gross Margin
BJRI
BJRI
MAC
MAC
Q4 25
74.5%
Q3 25
75.2%
Q2 25
75.0%
Q1 25
Q4 24
73.4%
Q3 24
74.3%
Q2 24
74.8%
Q1 24
Operating Margin
BJRI
BJRI
MAC
MAC
Q4 25
3.1%
Q3 25
5.8%
Q2 25
4.3%
Q1 25
Q4 24
-0.8%
Q3 24
3.8%
Q2 24
2.4%
Q1 24
Net Margin
BJRI
BJRI
MAC
MAC
Q4 25
3.6%
-7.2%
Q3 25
6.1%
-34.5%
Q2 25
3.9%
-16.4%
Q1 25
-20.1%
Q4 24
-0.9%
-77.2%
Q3 24
4.9%
-49.1%
Q2 24
2.3%
116.9%
Q1 24
-60.7%
EPS (diluted)
BJRI
BJRI
MAC
MAC
Q4 25
$0.58
$-0.08
Q3 25
$0.97
$-0.34
Q2 25
$0.58
$-0.16
Q1 25
$-0.20
Q4 24
$-0.13
$-0.95
Q3 24
$0.72
$-0.50
Q2 24
$0.32
$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
BJRI
BJRI
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$23.8M
$280.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$366.2M
$2.4B
Total Assets
$1.0B
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BJRI
BJRI
MAC
MAC
Q4 25
$23.8M
$280.2M
Q3 25
$26.0M
$290.2M
Q2 25
$19.0M
$131.1M
Q1 25
$253.2M
Q4 24
$18.4M
$89.9M
Q3 24
$16.2M
$116.5M
Q2 24
$18.8M
$70.7M
Q1 24
$120.1M
Total Debt
BJRI
BJRI
MAC
MAC
Q4 25
$5.1B
Q3 25
$60.5M
$5.1B
Q2 25
$85.5M
$5.2B
Q1 25
$5.2B
Q4 24
$66.5M
$4.9B
Q3 24
$63.5M
$4.3B
Q2 24
$58.0M
$4.4B
Q1 24
$4.1B
Stockholders' Equity
BJRI
BJRI
MAC
MAC
Q4 25
$366.2M
$2.4B
Q3 25
$386.6M
$2.5B
Q2 25
$371.5M
$2.6B
Q1 25
$2.7B
Q4 24
$376.2M
$2.8B
Q3 24
$386.5M
$2.5B
Q2 24
$375.4M
$2.5B
Q1 24
$2.3B
Total Assets
BJRI
BJRI
MAC
MAC
Q4 25
$1.0B
$8.4B
Q3 25
$1.0B
$8.4B
Q2 25
$1.0B
$8.7B
Q1 25
$8.7B
Q4 24
$1.0B
$8.6B
Q3 24
$1.0B
$7.6B
Q2 24
$1.0B
$7.8B
Q1 24
$7.4B
Debt / Equity
BJRI
BJRI
MAC
MAC
Q4 25
2.07×
Q3 25
0.16×
2.02×
Q2 25
0.23×
2.02×
Q1 25
1.96×
Q4 24
0.18×
1.78×
Q3 24
0.16×
1.73×
Q2 24
0.15×
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
BJRI
BJRI
MAC
MAC
Operating Cash FlowLast quarter
$50.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BJRI
BJRI
MAC
MAC
Q4 25
$50.2M
Q3 25
$62.3M
$112.4M
Q2 25
$4.6M
$70.5M
Q1 25
$88.5M
Q4 24
$27.3M
$54.9M
Q3 24
$20.2M
$100.0M
Q2 24
$22.3M
$67.4M
Q1 24
$61.1M
Free Cash Flow
BJRI
BJRI
MAC
MAC
Q4 25
Q3 25
$41.9M
Q2 25
$-12.1M
Q1 25
Q4 24
$7.6M
Q3 24
$735.0K
Q2 24
$448.0K
Q1 24
FCF Margin
BJRI
BJRI
MAC
MAC
Q4 25
Q3 25
11.5%
Q2 25
-3.5%
Q1 25
Q4 24
2.3%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
Capex Intensity
BJRI
BJRI
MAC
MAC
Q4 25
Q3 25
5.6%
Q2 25
4.8%
Q1 25
Q4 24
6.0%
Q3 24
5.6%
Q2 24
6.5%
Q1 24
Cash Conversion
BJRI
BJRI
MAC
MAC
Q4 25
Q3 25
2.80×
Q2 25
0.34×
Q1 25
Q4 24
Q3 24
1.18×
Q2 24
2.89×
0.27×
Q1 24

Financial Flow Comparison

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

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