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Side-by-side financial comparison of MACERICH CO (MAC) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $222.5M, roughly 1.2× Phoenix Education Partners, Inc.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs -7.2%, a 12.0% gap on every dollar of revenue.

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

MAC vs PXED — Head-to-Head

Bigger by revenue
MAC
MAC
1.2× larger
MAC
$261.7M
$222.5M
PXED
Higher net margin
PXED
PXED
12.0% more per $
PXED
4.8%
-7.2%
MAC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MAC
MAC
PXED
PXED
Revenue
$261.7M
$222.5M
Net Profit
$-18.8M
$10.8M
Gross Margin
Operating Margin
6.3%
Net Margin
-7.2%
4.8%
Revenue YoY
-4.4%
Net Profit YoY
91.1%
EPS (diluted)
$-0.08
$0.28

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
PXED
PXED
Q1 26
$222.5M
Q4 25
$261.7M
$262.0M
Q3 25
$253.3M
Q2 25
$249.8M
Q1 25
$249.2M
Q4 24
$273.7M
Q3 24
$220.2M
Q2 24
$215.5M
Net Profit
MAC
MAC
PXED
PXED
Q1 26
$10.8M
Q4 25
$-18.8M
$15.5M
Q3 25
$-87.4M
Q2 25
$-40.9M
Q1 25
$-50.1M
Q4 24
$-211.2M
Q3 24
$-108.2M
Q2 24
$252.0M
Operating Margin
MAC
MAC
PXED
PXED
Q1 26
6.3%
Q4 25
9.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
MAC
MAC
PXED
PXED
Q1 26
4.8%
Q4 25
-7.2%
5.9%
Q3 25
-34.5%
Q2 25
-16.4%
Q1 25
-20.1%
Q4 24
-77.2%
Q3 24
-49.1%
Q2 24
116.9%
EPS (diluted)
MAC
MAC
PXED
PXED
Q1 26
$0.28
Q4 25
$-0.08
$0.40
Q3 25
$-0.34
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.95
Q3 24
$-0.50
Q2 24
$1.16

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$280.2M
$201.4M
Total DebtLower is stronger
$5.1B
$58.8M
Stockholders' EquityBook value
$2.4B
$291.1M
Total Assets
$8.4B
$546.4M
Debt / EquityLower = less leverage
2.07×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
PXED
PXED
Q1 26
$201.4M
Q4 25
$280.2M
$163.5M
Q3 25
$290.2M
Q2 25
$131.1M
Q1 25
$253.2M
Q4 24
$89.9M
Q3 24
$116.5M
Q2 24
$70.7M
Total Debt
MAC
MAC
PXED
PXED
Q1 26
$58.8M
Q4 25
$5.1B
$61.6M
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Stockholders' Equity
MAC
MAC
PXED
PXED
Q1 26
$291.1M
Q4 25
$2.4B
$280.4M
Q3 25
$2.5B
Q2 25
$2.6B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.5B
Q2 24
$2.5B
Total Assets
MAC
MAC
PXED
PXED
Q1 26
$546.4M
Q4 25
$8.4B
$549.6M
Q3 25
$8.4B
Q2 25
$8.7B
Q1 25
$8.7B
Q4 24
$8.6B
Q3 24
$7.6B
Q2 24
$7.8B
Debt / Equity
MAC
MAC
PXED
PXED
Q1 26
0.20×
Q4 25
2.07×
0.22×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.75×

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
PXED
PXED
Operating Cash FlowLast quarter
$50.2M
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
PXED
PXED
Q1 26
$48.9M
Q4 25
$50.2M
$31.1M
Q3 25
$112.4M
Q2 25
$70.5M
Q1 25
$88.5M
Q4 24
$54.9M
Q3 24
$100.0M
Q2 24
$67.4M
Free Cash Flow
MAC
MAC
PXED
PXED
Q1 26
$43.5M
Q4 25
$26.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
MAC
MAC
PXED
PXED
Q1 26
19.6%
Q4 25
10.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
MAC
MAC
PXED
PXED
Q1 26
2.4%
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
MAC
MAC
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.27×

Financial Flow Comparison

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

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