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

Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $261.7M, roughly 1.1× MACERICH CO). Bio-Techne runs the higher net margin — 12.8% vs -7.2%, a 20.0% gap on every dollar of revenue. On growth, MACERICH CO posted the faster year-over-year revenue change (-4.4% vs -6.4%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR vs 4.2%).

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.

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.

MAC vs TECH — Head-to-Head

Bigger by revenue
TECH
TECH
1.1× larger
TECH
$295.9M
$261.7M
MAC
Growing faster (revenue YoY)
MAC
MAC
+2.0% gap
MAC
-4.4%
-6.4%
TECH
Higher net margin
TECH
TECH
20.0% more per $
TECH
12.8%
-7.2%
MAC
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
4.2%
TECH

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MAC
MAC
TECH
TECH
Revenue
$261.7M
$295.9M
Net Profit
$-18.8M
$38.0M
Gross Margin
64.6%
Operating Margin
18.4%
Net Margin
-7.2%
12.8%
Revenue YoY
-4.4%
-6.4%
Net Profit YoY
91.1%
68.3%
EPS (diluted)
$-0.08
$0.24

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
TECH
TECH
Q4 25
$261.7M
$295.9M
Q3 25
$253.3M
Q2 25
$249.8M
$317.0M
Q1 25
$249.2M
$316.2M
Q4 24
$273.7M
$297.0M
Q3 24
$220.2M
$289.5M
Q2 24
$215.5M
$306.1M
Q1 24
$208.8M
$303.4M
Net Profit
MAC
MAC
TECH
TECH
Q4 25
$-18.8M
$38.0M
Q3 25
$-87.4M
Q2 25
$-40.9M
$-17.7M
Q1 25
$-50.1M
$22.6M
Q4 24
$-211.2M
$34.9M
Q3 24
$-108.2M
$33.6M
Q2 24
$252.0M
$40.6M
Q1 24
$-126.7M
$49.1M
Gross Margin
MAC
MAC
TECH
TECH
Q4 25
64.6%
Q3 25
Q2 25
62.7%
Q1 25
67.9%
Q4 24
65.3%
Q3 24
63.2%
Q2 24
66.4%
Q1 24
67.4%
Operating Margin
MAC
MAC
TECH
TECH
Q4 25
18.4%
Q3 25
Q2 25
-7.5%
Q1 25
12.2%
Q4 24
16.0%
Q3 24
13.8%
Q2 24
15.0%
Q1 24
22.1%
Net Margin
MAC
MAC
TECH
TECH
Q4 25
-7.2%
12.8%
Q3 25
-34.5%
Q2 25
-16.4%
-5.6%
Q1 25
-20.1%
7.1%
Q4 24
-77.2%
11.7%
Q3 24
-49.1%
11.6%
Q2 24
116.9%
13.3%
Q1 24
-60.7%
16.2%
EPS (diluted)
MAC
MAC
TECH
TECH
Q4 25
$-0.08
$0.24
Q3 25
$-0.34
Q2 25
$-0.16
$-0.11
Q1 25
$-0.20
$0.14
Q4 24
$-0.95
$0.22
Q3 24
$-0.50
$0.21
Q2 24
$1.16
$0.26
Q1 24
$-0.59
$0.31

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
TECH
TECH
Cash + ST InvestmentsLiquidity on hand
$280.2M
$172.9M
Total DebtLower is stronger
$5.1B
$260.0M
Stockholders' EquityBook value
$2.4B
$2.0B
Total Assets
$8.4B
$2.5B
Debt / EquityLower = less leverage
2.07×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
TECH
TECH
Q4 25
$280.2M
$172.9M
Q3 25
$290.2M
Q2 25
$131.1M
$162.2M
Q1 25
$253.2M
$140.7M
Q4 24
$89.9M
$177.5M
Q3 24
$116.5M
$187.5M
Q2 24
$70.7M
$152.9M
Q1 24
$120.1M
$145.3M
Total Debt
MAC
MAC
TECH
TECH
Q4 25
$5.1B
$260.0M
Q3 25
$5.1B
Q2 25
$5.2B
$346.0M
Q1 25
$5.2B
$330.0M
Q4 24
$4.9B
$300.0M
Q3 24
$4.3B
$300.0M
Q2 24
$4.4B
$319.0M
Q1 24
$4.1B
$389.0M
Stockholders' Equity
MAC
MAC
TECH
TECH
Q4 25
$2.4B
$2.0B
Q3 25
$2.5B
Q2 25
$2.6B
$1.9B
Q1 25
$2.7B
$2.0B
Q4 24
$2.8B
$2.1B
Q3 24
$2.5B
$2.1B
Q2 24
$2.5B
$2.1B
Q1 24
$2.3B
$2.0B
Total Assets
MAC
MAC
TECH
TECH
Q4 25
$8.4B
$2.5B
Q3 25
$8.4B
Q2 25
$8.7B
$2.6B
Q1 25
$8.7B
$2.6B
Q4 24
$8.6B
$2.7B
Q3 24
$7.6B
$2.7B
Q2 24
$7.8B
$2.7B
Q1 24
$7.4B
$2.7B
Debt / Equity
MAC
MAC
TECH
TECH
Q4 25
2.07×
0.13×
Q3 25
2.02×
Q2 25
2.02×
0.18×
Q1 25
1.96×
0.16×
Q4 24
1.78×
0.14×
Q3 24
1.73×
0.14×
Q2 24
1.75×
0.15×
Q1 24
1.79×
0.19×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
TECH
TECH
Q4 25
$50.2M
Q3 25
$112.4M
Q2 25
$70.5M
$98.2M
Q1 25
$88.5M
$41.1M
Q4 24
$54.9M
$84.3M
Q3 24
$100.0M
$63.9M
Q2 24
$67.4M
$75.5M
Q1 24
$61.1M
$81.0M
Free Cash Flow
MAC
MAC
TECH
TECH
Q4 25
Q3 25
Q2 25
$93.3M
Q1 25
$31.0M
Q4 24
$77.5M
Q3 24
$54.7M
Q2 24
$57.5M
Q1 24
$64.5M
FCF Margin
MAC
MAC
TECH
TECH
Q4 25
Q3 25
Q2 25
29.4%
Q1 25
9.8%
Q4 24
26.1%
Q3 24
18.9%
Q2 24
18.8%
Q1 24
21.3%
Capex Intensity
MAC
MAC
TECH
TECH
Q4 25
Q3 25
Q2 25
1.5%
Q1 25
3.2%
Q4 24
2.3%
Q3 24
3.2%
Q2 24
5.9%
Q1 24
5.4%
Cash Conversion
MAC
MAC
TECH
TECH
Q4 25
Q3 25
Q2 25
Q1 25
1.82×
Q4 24
2.42×
Q3 24
1.90×
Q2 24
0.27×
1.86×
Q1 24
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAC
MAC

Segment breakdown not available.

TECH
TECH

Diagnostics And Spatial Biology$81.2M27%
EMEA Excluding UK$75.4M25%
Other$42.4M14%
Instruments$29.6M10%
APAC Excluding Greater China$22.7M8%
Services$22.3M8%
GB$13.7M5%
Royalty$8.5M3%

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