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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $158.6M, roughly 1.7× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -7.2%, a 78.4% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -4.4%).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

MAC vs STOK — Head-to-Head

Bigger by revenue
MAC
MAC
1.7× larger
MAC
$261.7M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3665.5% gap
STOK
3661.1%
-4.4%
MAC
Higher net margin
STOK
STOK
78.4% more per $
STOK
71.2%
-7.2%
MAC

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
MAC
MAC
STOK
STOK
Revenue
$261.7M
$158.6M
Net Profit
$-18.8M
$112.9M
Gross Margin
Operating Margin
70.2%
Net Margin
-7.2%
71.2%
Revenue YoY
-4.4%
3661.1%
Net Profit YoY
91.1%
528.0%
EPS (diluted)
$-0.08
$1.90

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
STOK
STOK
Q4 25
$261.7M
Q3 25
$253.3M
Q2 25
$249.8M
Q1 25
$249.2M
$158.6M
Q4 24
$273.7M
$22.6M
Q3 24
$220.2M
Q2 24
$215.5M
Q1 24
$208.8M
Net Profit
MAC
MAC
STOK
STOK
Q4 25
$-18.8M
Q3 25
$-87.4M
Q2 25
$-40.9M
Q1 25
$-50.1M
$112.9M
Q4 24
$-211.2M
$-10.5M
Q3 24
$-108.2M
Q2 24
$252.0M
Q1 24
$-126.7M
Operating Margin
MAC
MAC
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
70.2%
Q4 24
-60.4%
Q3 24
Q2 24
Q1 24
Net Margin
MAC
MAC
STOK
STOK
Q4 25
-7.2%
Q3 25
-34.5%
Q2 25
-16.4%
Q1 25
-20.1%
71.2%
Q4 24
-77.2%
-46.4%
Q3 24
-49.1%
Q2 24
116.9%
Q1 24
-60.7%
EPS (diluted)
MAC
MAC
STOK
STOK
Q4 25
$-0.08
Q3 25
$-0.34
Q2 25
$-0.16
Q1 25
$-0.20
$1.90
Q4 24
$-0.95
$-0.15
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
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$280.2M
$274.8M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$2.4B
$350.1M
Total Assets
$8.4B
$406.9M
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
STOK
STOK
Q4 25
$280.2M
Q3 25
$290.2M
Q2 25
$131.1M
Q1 25
$253.2M
$274.8M
Q4 24
$89.9M
$128.0M
Q3 24
$116.5M
Q2 24
$70.7M
Q1 24
$120.1M
Total Debt
MAC
MAC
STOK
STOK
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
STOK
STOK
Q4 25
$2.4B
Q3 25
$2.5B
Q2 25
$2.6B
Q1 25
$2.7B
$350.1M
Q4 24
$2.8B
$229.0M
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.3B
Total Assets
MAC
MAC
STOK
STOK
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$8.7B
Q1 25
$8.7B
$406.9M
Q4 24
$8.6B
$271.6M
Q3 24
$7.6B
Q2 24
$7.8B
Q1 24
$7.4B
Debt / Equity
MAC
MAC
STOK
STOK
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
STOK
STOK
Operating Cash FlowLast quarter
$50.2M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
STOK
STOK
Q4 25
$50.2M
Q3 25
$112.4M
Q2 25
$70.5M
Q1 25
$88.5M
$131.8M
Q4 24
$54.9M
$-23.2M
Q3 24
$100.0M
Q2 24
$67.4M
Q1 24
$61.1M
Free Cash Flow
MAC
MAC
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
Q1 24
FCF Margin
MAC
MAC
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Q1 24
Capex Intensity
MAC
MAC
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
MAC
MAC
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
1.17×
Q4 24
Q3 24
Q2 24
0.27×
Q1 24

Financial Flow Comparison

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

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