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Side-by-side financial comparison of MACERICH CO (MAC) and McGraw Hill, Inc. (MH). Click either name above to swap in a different company.

McGraw Hill, Inc. is the larger business by last-quarter revenue ($434.2M vs $261.7M, roughly 1.7× MACERICH CO). McGraw Hill, Inc. runs the higher net margin — -4.7% vs -7.2%, a 2.5% gap on every dollar of revenue. On growth, MACERICH CO posted the faster year-over-year revenue change (-4.4% vs -35.1%).

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.

McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education. McGraw Hill also publishes reference and tra...

MAC vs MH — Head-to-Head

Bigger by revenue
MH
MH
1.7× larger
MH
$434.2M
$261.7M
MAC
Growing faster (revenue YoY)
MAC
MAC
+30.7% gap
MAC
-4.4%
-35.1%
MH
Higher net margin
MH
MH
2.5% more per $
MH
-4.7%
-7.2%
MAC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MAC
MAC
MH
MH
Revenue
$261.7M
$434.2M
Net Profit
$-18.8M
$-20.2M
Gross Margin
85.3%
Operating Margin
7.0%
Net Margin
-7.2%
-4.7%
Revenue YoY
-4.4%
-35.1%
Net Profit YoY
91.1%
-119.2%
EPS (diluted)
$-0.08
$-0.11

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
MAC
MAC
MH
MH
Q4 25
$261.7M
$434.2M
Q3 25
$253.3M
$669.2M
Q2 25
$249.8M
$535.7M
Q1 25
$249.2M
Q4 24
$273.7M
Q3 24
$220.2M
Q2 24
$215.5M
Q1 24
$208.8M
Net Profit
MAC
MAC
MH
MH
Q4 25
$-18.8M
$-20.2M
Q3 25
$-87.4M
$105.3M
Q2 25
$-40.9M
$502.0K
Q1 25
$-50.1M
Q4 24
$-211.2M
Q3 24
$-108.2M
Q2 24
$252.0M
Q1 24
$-126.7M
Gross Margin
MAC
MAC
MH
MH
Q4 25
85.3%
Q3 25
79.2%
Q2 25
77.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MAC
MAC
MH
MH
Q4 25
7.0%
Q3 25
23.4%
Q2 25
18.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Net Margin
MAC
MAC
MH
MH
Q4 25
-7.2%
-4.7%
Q3 25
-34.5%
15.7%
Q2 25
-16.4%
0.1%
Q1 25
-20.1%
Q4 24
-77.2%
Q3 24
-49.1%
Q2 24
116.9%
Q1 24
-60.7%
EPS (diluted)
MAC
MAC
MH
MH
Q4 25
$-0.08
$-0.11
Q3 25
$-0.34
$0.57
Q2 25
$-0.16
$0.00
Q1 25
$-0.20
Q4 24
$-0.95
Q3 24
$-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
MAC
MAC
MH
MH
Cash + ST InvestmentsLiquidity on hand
$280.2M
$514.4M
Total DebtLower is stronger
$5.1B
$2.6B
Stockholders' EquityBook value
$2.4B
$775.3M
Total Assets
$8.4B
$5.6B
Debt / EquityLower = less leverage
2.07×
3.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
MH
MH
Q4 25
$280.2M
$514.4M
Q3 25
$290.2M
$463.2M
Q2 25
$131.1M
$247.3M
Q1 25
$253.2M
Q4 24
$89.9M
Q3 24
$116.5M
Q2 24
$70.7M
Q1 24
$120.1M
Total Debt
MAC
MAC
MH
MH
Q4 25
$5.1B
$2.6B
Q3 25
$5.1B
$2.8B
Q2 25
$5.2B
$3.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
MAC
MAC
MH
MH
Q4 25
$2.4B
$775.3M
Q3 25
$2.5B
$794.6M
Q2 25
$2.6B
$283.3M
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.3B
Total Assets
MAC
MAC
MH
MH
Q4 25
$8.4B
$5.6B
Q3 25
$8.4B
$6.0B
Q2 25
$8.7B
$5.7B
Q1 25
$8.7B
Q4 24
$8.6B
Q3 24
$7.6B
Q2 24
$7.8B
Q1 24
$7.4B
Debt / Equity
MAC
MAC
MH
MH
Q4 25
2.07×
3.36×
Q3 25
2.02×
3.52×
Q2 25
2.02×
11.17×
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
MAC
MAC
MH
MH
Operating Cash FlowLast quarter
$50.2M
$309.0M
Free Cash FlowOCF − Capex
$285.4M
FCF MarginFCF / Revenue
65.7%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
MH
MH
Q4 25
$50.2M
$309.0M
Q3 25
$112.4M
$265.0M
Q2 25
$70.5M
$-96.7M
Q1 25
$88.5M
Q4 24
$54.9M
Q3 24
$100.0M
Q2 24
$67.4M
Q1 24
$61.1M
Free Cash Flow
MAC
MAC
MH
MH
Q4 25
$285.4M
Q3 25
$243.8M
Q2 25
$-112.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MAC
MAC
MH
MH
Q4 25
65.7%
Q3 25
36.4%
Q2 25
-21.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MAC
MAC
MH
MH
Q4 25
5.4%
Q3 25
3.2%
Q2 25
3.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
MAC
MAC
MH
MH
Q4 25
Q3 25
2.52×
Q2 25
-192.53×
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

MAC
MAC

Segment breakdown not available.

MH
MH

Higher Education$225.4M52%
Digital$103.5M24%
Other$44.4M10%
Global Professional$36.2M8%
Print$24.7M6%

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