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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $220.2M, roughly 1.2× Shutterstock, Inc.). MACERICH CO runs the higher net margin — -7.2% vs -7.3%, a 0.1% gap on every dollar of revenue. On growth, MACERICH CO posted the faster year-over-year revenue change (-4.4% vs -12.0%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR vs 1.4%).

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.

Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...

MAC vs SSTK — Head-to-Head

Bigger by revenue
MAC
MAC
1.2× larger
MAC
$261.7M
$220.2M
SSTK
Growing faster (revenue YoY)
MAC
MAC
+7.6% gap
MAC
-4.4%
-12.0%
SSTK
Higher net margin
MAC
MAC
0.1% more per $
MAC
-7.2%
-7.3%
SSTK
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
1.4%
SSTK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAC
MAC
SSTK
SSTK
Revenue
$261.7M
$220.2M
Net Profit
$-18.8M
$-16.0M
Gross Margin
55.8%
Operating Margin
-1.1%
Net Margin
-7.2%
-7.3%
Revenue YoY
-4.4%
-12.0%
Net Profit YoY
91.1%
-1021.0%
EPS (diluted)
$-0.08
$-0.47

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
SSTK
SSTK
Q4 25
$261.7M
$220.2M
Q3 25
$253.3M
$260.1M
Q2 25
$249.8M
$267.0M
Q1 25
$249.2M
$242.6M
Q4 24
$273.7M
$250.3M
Q3 24
$220.2M
$250.6M
Q2 24
$215.5M
$220.1M
Q1 24
$208.8M
$214.3M
Net Profit
MAC
MAC
SSTK
SSTK
Q4 25
$-18.8M
$-16.0M
Q3 25
$-87.4M
$13.4M
Q2 25
$-40.9M
$29.4M
Q1 25
$-50.1M
$18.7M
Q4 24
$-211.2M
$-1.4M
Q3 24
$-108.2M
$17.6M
Q2 24
$252.0M
$3.6M
Q1 24
$-126.7M
$16.1M
Gross Margin
MAC
MAC
SSTK
SSTK
Q4 25
55.8%
Q3 25
60.6%
Q2 25
60.3%
Q1 25
58.4%
Q4 24
55.1%
Q3 24
58.3%
Q2 24
58.5%
Q1 24
58.8%
Operating Margin
MAC
MAC
SSTK
SSTK
Q4 25
-1.1%
Q3 25
12.5%
Q2 25
13.0%
Q1 25
4.2%
Q4 24
5.3%
Q3 24
7.2%
Q2 24
9.4%
Q1 24
7.8%
Net Margin
MAC
MAC
SSTK
SSTK
Q4 25
-7.2%
-7.3%
Q3 25
-34.5%
5.1%
Q2 25
-16.4%
11.0%
Q1 25
-20.1%
7.7%
Q4 24
-77.2%
-0.6%
Q3 24
-49.1%
7.0%
Q2 24
116.9%
1.6%
Q1 24
-60.7%
7.5%
EPS (diluted)
MAC
MAC
SSTK
SSTK
Q4 25
$-0.08
$-0.47
Q3 25
$-0.34
$0.37
Q2 25
$-0.16
$0.82
Q1 25
$-0.20
$0.53
Q4 24
$-0.95
$-0.04
Q3 24
$-0.50
$0.50
Q2 24
$1.16
$0.10
Q1 24
$-0.59
$0.45

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$280.2M
$178.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$2.4B
$581.0M
Total Assets
$8.4B
$1.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
SSTK
SSTK
Q4 25
$280.2M
$178.2M
Q3 25
$290.2M
$165.5M
Q2 25
$131.1M
$116.4M
Q1 25
$253.2M
$112.2M
Q4 24
$89.9M
$111.3M
Q3 24
$116.5M
$131.4M
Q2 24
$70.7M
$74.9M
Q1 24
$120.1M
$71.8M
Total Debt
MAC
MAC
SSTK
SSTK
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
SSTK
SSTK
Q4 25
$2.4B
$581.0M
Q3 25
$2.5B
$594.4M
Q2 25
$2.6B
$586.2M
Q1 25
$2.7B
$547.2M
Q4 24
$2.8B
$518.4M
Q3 24
$2.5B
$522.9M
Q2 24
$2.5B
$520.4M
Q1 24
$2.3B
$541.3M
Total Assets
MAC
MAC
SSTK
SSTK
Q4 25
$8.4B
$1.4B
Q3 25
$8.4B
$1.4B
Q2 25
$8.7B
$1.4B
Q1 25
$8.7B
$1.3B
Q4 24
$8.6B
$1.3B
Q3 24
$7.6B
$1.3B
Q2 24
$7.8B
$1.0B
Q1 24
$7.4B
$1.0B
Debt / Equity
MAC
MAC
SSTK
SSTK
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
SSTK
SSTK
Operating Cash FlowLast quarter
$50.2M
$36.2M
Free Cash FlowOCF − Capex
$25.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
SSTK
SSTK
Q4 25
$50.2M
$36.2M
Q3 25
$112.4M
$78.4M
Q2 25
$70.5M
$26.8M
Q1 25
$88.5M
$25.2M
Q4 24
$54.9M
$8.0M
Q3 24
$100.0M
$-11.6M
Q2 24
$67.4M
$28.0M
Q1 24
$61.1M
$8.3M
Free Cash Flow
MAC
MAC
SSTK
SSTK
Q4 25
$25.9M
Q3 25
$68.0M
Q2 25
$15.5M
Q1 25
$14.4M
Q4 24
$-952.0K
Q3 24
$-26.3M
Q2 24
$18.9M
Q1 24
$-6.2M
FCF Margin
MAC
MAC
SSTK
SSTK
Q4 25
11.8%
Q3 25
26.1%
Q2 25
5.8%
Q1 25
6.0%
Q4 24
-0.4%
Q3 24
-10.5%
Q2 24
8.6%
Q1 24
-2.9%
Capex Intensity
MAC
MAC
SSTK
SSTK
Q4 25
4.7%
Q3 25
4.0%
Q2 25
4.2%
Q1 25
4.5%
Q4 24
3.6%
Q3 24
5.9%
Q2 24
4.1%
Q1 24
6.7%
Cash Conversion
MAC
MAC
SSTK
SSTK
Q4 25
Q3 25
5.86×
Q2 25
0.91×
Q1 25
1.35×
Q4 24
Q3 24
-0.66×
Q2 24
0.27×
7.71×
Q1 24
0.51×

Financial Flow Comparison

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

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