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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $212.2M, roughly 1.2× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -7.2%, a 26.0% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -4.4%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR vs 11.1%).

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.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

MAC vs RAMP — Head-to-Head

Bigger by revenue
MAC
MAC
1.2× larger
MAC
$261.7M
$212.2M
RAMP
Growing faster (revenue YoY)
RAMP
RAMP
+13.0% gap
RAMP
8.6%
-4.4%
MAC
Higher net margin
RAMP
RAMP
26.0% more per $
RAMP
18.8%
-7.2%
MAC
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
11.1%
RAMP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MAC
MAC
RAMP
RAMP
Revenue
$261.7M
$212.2M
Net Profit
$-18.8M
$39.9M
Gross Margin
71.9%
Operating Margin
18.6%
Net Margin
-7.2%
18.8%
Revenue YoY
-4.4%
8.6%
Net Profit YoY
91.1%
255.7%
EPS (diluted)
$-0.08
$0.62

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
RAMP
RAMP
Q4 25
$261.7M
$212.2M
Q3 25
$253.3M
$199.8M
Q2 25
$249.8M
$194.8M
Q1 25
$249.2M
$188.7M
Q4 24
$273.7M
$195.4M
Q3 24
$220.2M
$185.5M
Q2 24
$215.5M
$176.0M
Q1 24
$208.8M
$171.9M
Net Profit
MAC
MAC
RAMP
RAMP
Q4 25
$-18.8M
$39.9M
Q3 25
$-87.4M
$27.4M
Q2 25
$-40.9M
$7.7M
Q1 25
$-50.1M
$-6.3M
Q4 24
$-211.2M
$11.2M
Q3 24
$-108.2M
$1.7M
Q2 24
$252.0M
$-7.5M
Q1 24
$-126.7M
$-5.4M
Gross Margin
MAC
MAC
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
MAC
MAC
RAMP
RAMP
Q4 25
18.6%
Q3 25
10.7%
Q2 25
3.7%
Q1 25
-6.1%
Q4 24
7.5%
Q3 24
4.0%
Q2 24
-3.0%
Q1 24
-8.3%
Net Margin
MAC
MAC
RAMP
RAMP
Q4 25
-7.2%
18.8%
Q3 25
-34.5%
13.7%
Q2 25
-16.4%
4.0%
Q1 25
-20.1%
-3.3%
Q4 24
-77.2%
5.7%
Q3 24
-49.1%
0.9%
Q2 24
116.9%
-4.3%
Q1 24
-60.7%
-3.1%
EPS (diluted)
MAC
MAC
RAMP
RAMP
Q4 25
$-0.08
$0.62
Q3 25
$-0.34
$0.42
Q2 25
$-0.16
$0.12
Q1 25
$-0.20
$-0.10
Q4 24
$-0.95
$0.17
Q3 24
$-0.50
$0.03
Q2 24
$1.16
$-0.11
Q1 24
$-0.59
$-0.09

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$280.2M
$403.4M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$2.4B
$962.3M
Total Assets
$8.4B
$1.3B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
RAMP
RAMP
Q4 25
$280.2M
$403.4M
Q3 25
$290.2M
$376.9M
Q2 25
$131.1M
$371.1M
Q1 25
$253.2M
$420.8M
Q4 24
$89.9M
$384.3M
Q3 24
$116.5M
$348.4M
Q2 24
$70.7M
$342.7M
Q1 24
$120.1M
$368.9M
Total Debt
MAC
MAC
RAMP
RAMP
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
MAC
MAC
RAMP
RAMP
Q4 25
$2.4B
$962.3M
Q3 25
$2.5B
$943.8M
Q2 25
$2.6B
$947.8M
Q1 25
$2.7B
$948.9M
Q4 24
$2.8B
$957.7M
Q3 24
$2.5B
$932.1M
Q2 24
$2.5B
$951.9M
Q1 24
$2.3B
$949.1M
Total Assets
MAC
MAC
RAMP
RAMP
Q4 25
$8.4B
$1.3B
Q3 25
$8.4B
$1.2B
Q2 25
$8.7B
$1.2B
Q1 25
$8.7B
$1.3B
Q4 24
$8.6B
$1.3B
Q3 24
$7.6B
$1.2B
Q2 24
$7.8B
$1.2B
Q1 24
$7.4B
$1.2B
Debt / Equity
MAC
MAC
RAMP
RAMP
Q4 25
2.07×
Q3 25
2.02×
Q2 25
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
MAC
MAC
RAMP
RAMP
Operating Cash FlowLast quarter
$50.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
RAMP
RAMP
Q4 25
$50.2M
Q3 25
$112.4M
$57.4M
Q2 25
$70.5M
$-15.8M
Q1 25
$88.5M
Q4 24
$54.9M
$45.1M
Q3 24
$100.0M
$55.6M
Q2 24
$67.4M
$-9.3M
Q1 24
$61.1M
Free Cash Flow
MAC
MAC
RAMP
RAMP
Q4 25
Q3 25
$56.8M
Q2 25
$-16.2M
Q1 25
Q4 24
$44.8M
Q3 24
$55.4M
Q2 24
$-9.6M
Q1 24
FCF Margin
MAC
MAC
RAMP
RAMP
Q4 25
Q3 25
28.4%
Q2 25
-8.3%
Q1 25
Q4 24
22.9%
Q3 24
29.8%
Q2 24
-5.4%
Q1 24
Capex Intensity
MAC
MAC
RAMP
RAMP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
MAC
MAC
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
0.27×
Q1 24

Financial Flow Comparison

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

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