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

Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $261.7M, roughly 1.1× MACERICH CO). MACERICH CO runs the higher net margin — -7.2% vs -10.8%, a 3.7% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs -4.4%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR vs 7.1%).

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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

MAC vs NPO — Head-to-Head

Bigger by revenue
NPO
NPO
1.1× larger
NPO
$295.4M
$261.7M
MAC
Growing faster (revenue YoY)
NPO
NPO
+18.7% gap
NPO
14.3%
-4.4%
MAC
Higher net margin
MAC
MAC
3.7% more per $
MAC
-7.2%
-10.8%
NPO
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
7.1%
NPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAC
MAC
NPO
NPO
Revenue
$261.7M
$295.4M
Net Profit
$-18.8M
$-32.0M
Gross Margin
42.1%
Operating Margin
11.2%
Net Margin
-7.2%
-10.8%
Revenue YoY
-4.4%
14.3%
Net Profit YoY
91.1%
-330.2%
EPS (diluted)
$-0.08
$-1.50

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
NPO
NPO
Q4 25
$261.7M
$295.4M
Q3 25
$253.3M
$286.6M
Q2 25
$249.8M
$288.1M
Q1 25
$249.2M
$273.2M
Q4 24
$273.7M
$258.4M
Q3 24
$220.2M
$260.9M
Q2 24
$215.5M
$271.9M
Q1 24
$208.8M
$257.5M
Net Profit
MAC
MAC
NPO
NPO
Q4 25
$-18.8M
$-32.0M
Q3 25
$-87.4M
$21.6M
Q2 25
$-40.9M
$26.4M
Q1 25
$-50.1M
$24.5M
Q4 24
$-211.2M
$13.9M
Q3 24
$-108.2M
$19.8M
Q2 24
$252.0M
$26.7M
Q1 24
$-126.7M
$12.5M
Gross Margin
MAC
MAC
NPO
NPO
Q4 25
42.1%
Q3 25
41.9%
Q2 25
43.3%
Q1 25
43.3%
Q4 24
42.3%
Q3 24
42.3%
Q2 24
43.8%
Q1 24
41.2%
Operating Margin
MAC
MAC
NPO
NPO
Q4 25
11.2%
Q3 25
14.3%
Q2 25
15.9%
Q1 25
15.3%
Q4 24
12.5%
Q3 24
13.1%
Q2 24
17.7%
Q1 24
10.9%
Net Margin
MAC
MAC
NPO
NPO
Q4 25
-7.2%
-10.8%
Q3 25
-34.5%
7.5%
Q2 25
-16.4%
9.2%
Q1 25
-20.1%
9.0%
Q4 24
-77.2%
5.4%
Q3 24
-49.1%
7.6%
Q2 24
116.9%
9.8%
Q1 24
-60.7%
4.9%
EPS (diluted)
MAC
MAC
NPO
NPO
Q4 25
$-0.08
$-1.50
Q3 25
$-0.34
$1.01
Q2 25
$-0.16
$1.25
Q1 25
$-0.20
$1.15
Q4 24
$-0.95
$0.65
Q3 24
$-0.50
$0.94
Q2 24
$1.16
$1.27
Q1 24
$-0.59
$0.59

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$280.2M
$114.7M
Total DebtLower is stronger
$5.1B
$655.3M
Stockholders' EquityBook value
$2.4B
$1.5B
Total Assets
$8.4B
$2.7B
Debt / EquityLower = less leverage
2.07×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
NPO
NPO
Q4 25
$280.2M
$114.7M
Q3 25
$290.2M
$132.9M
Q2 25
$131.1M
$107.1M
Q1 25
$253.2M
$240.3M
Q4 24
$89.9M
$236.3M
Q3 24
$116.5M
$206.9M
Q2 24
$70.7M
$175.9M
Q1 24
$120.1M
$163.9M
Total Debt
MAC
MAC
NPO
NPO
Q4 25
$5.1B
$655.3M
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
$640.1M
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
$644.9M
Stockholders' Equity
MAC
MAC
NPO
NPO
Q4 25
$2.4B
$1.5B
Q3 25
$2.5B
$1.5B
Q2 25
$2.6B
$1.5B
Q1 25
$2.7B
$1.5B
Q4 24
$2.8B
$1.4B
Q3 24
$2.5B
$1.5B
Q2 24
$2.5B
$1.4B
Q1 24
$2.3B
$1.4B
Total Assets
MAC
MAC
NPO
NPO
Q4 25
$8.4B
$2.7B
Q3 25
$8.4B
$2.4B
Q2 25
$8.7B
$2.4B
Q1 25
$8.7B
$2.5B
Q4 24
$8.6B
$2.5B
Q3 24
$7.6B
$2.5B
Q2 24
$7.8B
$2.5B
Q1 24
$7.4B
$2.5B
Debt / Equity
MAC
MAC
NPO
NPO
Q4 25
2.07×
0.42×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
0.45×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×
0.46×

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
NPO
NPO
Operating Cash FlowLast quarter
$50.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
NPO
NPO
Q4 25
$50.2M
Q3 25
$112.4M
$65.3M
Q2 25
$70.5M
$52.2M
Q1 25
$88.5M
$21.0M
Q4 24
$54.9M
$59.4M
Q3 24
$100.0M
$54.0M
Q2 24
$67.4M
$43.2M
Q1 24
$61.1M
$6.3M
Free Cash Flow
MAC
MAC
NPO
NPO
Q4 25
Q3 25
$53.4M
Q2 25
$42.3M
Q1 25
$13.0M
Q4 24
$49.1M
Q3 24
$48.3M
Q2 24
$38.3M
Q1 24
$-1.9M
FCF Margin
MAC
MAC
NPO
NPO
Q4 25
Q3 25
18.6%
Q2 25
14.7%
Q1 25
4.8%
Q4 24
19.0%
Q3 24
18.5%
Q2 24
14.1%
Q1 24
-0.7%
Capex Intensity
MAC
MAC
NPO
NPO
Q4 25
4.1%
Q3 25
4.2%
Q2 25
3.4%
Q1 25
2.9%
Q4 24
4.0%
Q3 24
2.2%
Q2 24
1.8%
Q1 24
3.2%
Cash Conversion
MAC
MAC
NPO
NPO
Q4 25
Q3 25
3.02×
Q2 25
1.98×
Q1 25
0.86×
Q4 24
4.27×
Q3 24
2.73×
Q2 24
0.27×
1.62×
Q1 24
0.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAC
MAC

Segment breakdown not available.

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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