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Side-by-side financial comparison of Caris Life Sciences, Inc. (CAI) and MACERICH CO (MAC). Click either name above to swap in a different company.

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $216.8M, roughly 1.2× Caris Life Sciences, Inc.). Caris Life Sciences, Inc. runs the higher net margin — 11.2% vs -7.2%, a 18.4% gap on every dollar of revenue. On growth, Caris Life Sciences, Inc. posted the faster year-over-year revenue change (113.4% vs -4.4%).

Caris Life Sciences is a leading precision medicine biotech company specializing in advanced molecular profiling for oncology. It provides actionable genomic and molecular insights to oncologists to personalize cancer treatment plans, and partners with biopharmaceutical firms to accelerate novel cancer drug discovery and development, serving customers across North America, Europe, and key Asia-Pacific markets.

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.

CAI vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.2× larger
MAC
$261.7M
$216.8M
CAI
Growing faster (revenue YoY)
CAI
CAI
+117.8% gap
CAI
113.4%
-4.4%
MAC
Higher net margin
CAI
CAI
18.4% more per $
CAI
11.2%
-7.2%
MAC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CAI
CAI
MAC
MAC
Revenue
$216.8M
$261.7M
Net Profit
$24.3M
$-18.8M
Gross Margin
Operating Margin
15.1%
Net Margin
11.2%
-7.2%
Revenue YoY
113.4%
-4.4%
Net Profit YoY
135.9%
91.1%
EPS (diluted)
$0.08
$-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
CAI
CAI
MAC
MAC
Q4 25
$261.7M
Q3 25
$216.8M
$253.3M
Q2 25
$181.4M
$249.8M
Q1 25
$249.2M
Q4 24
$273.7M
Q3 24
$101.6M
$220.2M
Q2 24
$100.0M
$215.5M
Q1 24
$208.8M
Net Profit
CAI
CAI
MAC
MAC
Q4 25
$-18.8M
Q3 25
$24.3M
$-87.4M
Q2 25
$-71.8M
$-40.9M
Q1 25
$-50.1M
Q4 24
$-211.2M
Q3 24
$-67.7M
$-108.2M
Q2 24
$-66.2M
$252.0M
Q1 24
$-126.7M
Operating Margin
CAI
CAI
MAC
MAC
Q4 25
Q3 25
15.1%
Q2 25
-9.9%
Q1 25
Q4 24
Q3 24
-59.9%
Q2 24
-67.0%
Q1 24
Net Margin
CAI
CAI
MAC
MAC
Q4 25
-7.2%
Q3 25
11.2%
-34.5%
Q2 25
-39.6%
-16.4%
Q1 25
-20.1%
Q4 24
-77.2%
Q3 24
-66.6%
-49.1%
Q2 24
-66.2%
116.9%
Q1 24
-60.7%
EPS (diluted)
CAI
CAI
MAC
MAC
Q4 25
$-0.08
Q3 25
$0.08
$-0.34
Q2 25
$-7.97
$-0.16
Q1 25
$-0.20
Q4 24
$-0.95
Q3 24
$-2.59
$-0.50
Q2 24
$-2.54
$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
CAI
CAI
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$755.5M
$280.2M
Total DebtLower is stronger
$375.9M
$5.1B
Stockholders' EquityBook value
$478.4M
$2.4B
Total Assets
$984.6M
$8.4B
Debt / EquityLower = less leverage
0.79×
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAI
CAI
MAC
MAC
Q4 25
$280.2M
Q3 25
$755.5M
$290.2M
Q2 25
$721.2M
$131.1M
Q1 25
$253.2M
Q4 24
$89.9M
Q3 24
$116.5M
Q2 24
$70.7M
Q1 24
$120.1M
Total Debt
CAI
CAI
MAC
MAC
Q4 25
$5.1B
Q3 25
$375.9M
$5.1B
Q2 25
$373.4M
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
CAI
CAI
MAC
MAC
Q4 25
$2.4B
Q3 25
$478.4M
$2.5B
Q2 25
$452.9M
$2.6B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$-2.4B
$2.5B
Q2 24
$-2.4B
$2.5B
Q1 24
$2.3B
Total Assets
CAI
CAI
MAC
MAC
Q4 25
$8.4B
Q3 25
$984.6M
$8.4B
Q2 25
$955.1M
$8.7B
Q1 25
$8.7B
Q4 24
$8.6B
Q3 24
$7.6B
Q2 24
$7.8B
Q1 24
$7.4B
Debt / Equity
CAI
CAI
MAC
MAC
Q4 25
2.07×
Q3 25
0.79×
2.02×
Q2 25
0.82×
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
CAI
CAI
MAC
MAC
Operating Cash FlowLast quarter
$62.4M
$50.2M
Free Cash FlowOCF − Capex
$55.3M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
2.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAI
CAI
MAC
MAC
Q4 25
$50.2M
Q3 25
$62.4M
$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
CAI
CAI
MAC
MAC
Q4 25
Q3 25
$55.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CAI
CAI
MAC
MAC
Q4 25
Q3 25
25.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CAI
CAI
MAC
MAC
Q4 25
Q3 25
3.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CAI
CAI
MAC
MAC
Q4 25
Q3 25
2.57×
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

CAI
CAI

Molecular Profiling Services$207.6M96%
Pharma Research And Development Services$9.2M4%

MAC
MAC

Segment breakdown not available.

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