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Side-by-side financial comparison of CarGurus, Inc. (CARG) 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 $209.1M, roughly 1.3× CarGurus, Inc.). CarGurus, Inc. runs the higher net margin — 23.8% vs -7.2%, a 31.0% gap on every dollar of revenue. On growth, MACERICH CO posted the faster year-over-year revenue change (-4.4% vs -8.5%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR vs -1.6%).

CarGurus, Inc. is an automotive research and shopping website operating in the U.S., U.K. and Canada that assists consumers and auto dealers in comparing local listings for used and new cars, and contacting sellers.

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.

CARG vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.3× larger
MAC
$261.7M
$209.1M
CARG
Growing faster (revenue YoY)
MAC
MAC
+4.1% gap
MAC
-4.4%
-8.5%
CARG
Higher net margin
CARG
CARG
31.0% more per $
CARG
23.8%
-7.2%
MAC
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
-1.6%
CARG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CARG
CARG
MAC
MAC
Revenue
$209.1M
$261.7M
Net Profit
$49.8M
$-18.8M
Gross Margin
Operating Margin
57.0%
Net Margin
23.8%
-7.2%
Revenue YoY
-8.5%
-4.4%
Net Profit YoY
8.5%
91.1%
EPS (diluted)
$0.51
$-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
CARG
CARG
MAC
MAC
Q4 25
$209.1M
$261.7M
Q3 25
$238.7M
$253.3M
Q2 25
$234.0M
$249.8M
Q1 25
$225.2M
$249.2M
Q4 24
$228.5M
$273.7M
Q3 24
$231.4M
$220.2M
Q2 24
$218.7M
$215.5M
Q1 24
$215.8M
$208.8M
Net Profit
CARG
CARG
MAC
MAC
Q4 25
$49.8M
$-18.8M
Q3 25
$44.7M
$-87.4M
Q2 25
$22.3M
$-40.9M
Q1 25
$39.0M
$-50.1M
Q4 24
$45.9M
$-211.2M
Q3 24
$22.5M
$-108.2M
Q2 24
$-68.7M
$252.0M
Q1 24
$21.3M
$-126.7M
Gross Margin
CARG
CARG
MAC
MAC
Q4 25
Q3 25
89.5%
Q2 25
87.3%
Q1 25
88.7%
Q4 24
87.1%
Q3 24
78.9%
Q2 24
83.4%
Q1 24
81.1%
Operating Margin
CARG
CARG
MAC
MAC
Q4 25
57.0%
Q3 25
22.9%
Q2 25
10.6%
Q1 25
20.3%
Q4 24
23.3%
Q3 24
11.9%
Q2 24
-42.8%
Q1 24
12.2%
Net Margin
CARG
CARG
MAC
MAC
Q4 25
23.8%
-7.2%
Q3 25
18.7%
-34.5%
Q2 25
9.5%
-16.4%
Q1 25
17.3%
-20.1%
Q4 24
20.1%
-77.2%
Q3 24
9.7%
-49.1%
Q2 24
-31.4%
116.9%
Q1 24
9.9%
-60.7%
EPS (diluted)
CARG
CARG
MAC
MAC
Q4 25
$0.51
$-0.08
Q3 25
$0.45
$-0.34
Q2 25
$0.22
$-0.16
Q1 25
$0.37
$-0.20
Q4 24
$0.45
$-0.95
Q3 24
$0.21
$-0.50
Q2 24
$-0.66
$1.16
Q1 24
$0.20
$-0.59

Balance Sheet & Financial Strength

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

Metric
CARG
CARG
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$190.5M
$280.2M
Total DebtLower is stronger
$0
$5.1B
Stockholders' EquityBook value
$374.2M
$2.4B
Total Assets
$661.9M
$8.4B
Debt / EquityLower = less leverage
0.00×
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CARG
CARG
MAC
MAC
Q4 25
$190.5M
$280.2M
Q3 25
$178.8M
$290.2M
Q2 25
$231.2M
$131.1M
Q1 25
$172.9M
$253.2M
Q4 24
$304.2M
$89.9M
Q3 24
$246.7M
$116.5M
Q2 24
$216.2M
$70.7M
Q1 24
$246.3M
$120.1M
Total Debt
CARG
CARG
MAC
MAC
Q4 25
$0
$5.1B
Q3 25
$0
$5.1B
Q2 25
$0
$5.2B
Q1 25
$0
$5.2B
Q4 24
$0
$4.9B
Q3 24
$0
$4.3B
Q2 24
$0
$4.4B
Q1 24
$0
$4.1B
Stockholders' Equity
CARG
CARG
MAC
MAC
Q4 25
$374.2M
$2.4B
Q3 25
$375.4M
$2.5B
Q2 25
$435.5M
$2.6B
Q1 25
$402.1M
$2.7B
Q4 24
$541.7M
$2.8B
Q3 24
$483.5M
$2.5B
Q2 24
$452.1M
$2.5B
Q1 24
$568.4M
$2.3B
Total Assets
CARG
CARG
MAC
MAC
Q4 25
$661.9M
$8.4B
Q3 25
$660.5M
$8.4B
Q2 25
$726.1M
$8.7B
Q1 25
$689.1M
$8.7B
Q4 24
$824.5M
$8.6B
Q3 24
$778.2M
$7.6B
Q2 24
$753.3M
$7.8B
Q1 24
$870.8M
$7.4B
Debt / Equity
CARG
CARG
MAC
MAC
Q4 25
0.00×
2.07×
Q3 25
0.00×
2.02×
Q2 25
0.00×
2.02×
Q1 25
0.00×
1.96×
Q4 24
0.00×
1.78×
Q3 24
0.00×
1.73×
Q2 24
0.00×
1.75×
Q1 24
0.00×
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
CARG
CARG
MAC
MAC
Operating Cash FlowLast quarter
$83.1M
$50.2M
Free Cash FlowOCF − Capex
$81.9M
FCF MarginFCF / Revenue
39.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters
$288.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CARG
CARG
MAC
MAC
Q4 25
$83.1M
$50.2M
Q3 25
$71.2M
$112.4M
Q2 25
$73.1M
$70.5M
Q1 25
$67.9M
$88.5M
Q4 24
$75.7M
$54.9M
Q3 24
$56.2M
$100.0M
Q2 24
$71.6M
$67.4M
Q1 24
$52.0M
$61.1M
Free Cash Flow
CARG
CARG
MAC
MAC
Q4 25
$81.9M
Q3 25
$69.8M
Q2 25
$71.5M
Q1 25
$65.6M
Q4 24
$65.5M
Q3 24
$45.9M
Q2 24
$45.6M
Q1 24
$23.3M
FCF Margin
CARG
CARG
MAC
MAC
Q4 25
39.2%
Q3 25
29.2%
Q2 25
30.6%
Q1 25
29.2%
Q4 24
28.7%
Q3 24
19.8%
Q2 24
20.9%
Q1 24
10.8%
Capex Intensity
CARG
CARG
MAC
MAC
Q4 25
0.6%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
1.0%
Q4 24
4.5%
Q3 24
4.4%
Q2 24
11.9%
Q1 24
13.3%
Cash Conversion
CARG
CARG
MAC
MAC
Q4 25
1.67×
Q3 25
1.59×
Q2 25
3.27×
Q1 25
1.74×
Q4 24
1.65×
Q3 24
2.50×
Q2 24
0.27×
Q1 24
2.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CARG
CARG

US$187.0M89%
Non Us$22.1M11%

MAC
MAC

Segment breakdown not available.

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