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Side-by-side financial comparison of MACERICH CO (MAC) and UFP TECHNOLOGIES INC (UFPT). Click either name above to swap in a different company.

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $148.9M, roughly 1.8× UFP TECHNOLOGIES INC). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs -7.2%, a 19.0% gap on every dollar of revenue. On growth, UFP TECHNOLOGIES INC posted the faster year-over-year revenue change (3.4% vs -4.4%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% CAGR vs 12.0%).

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.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

MAC vs UFPT — Head-to-Head

Bigger by revenue
MAC
MAC
1.8× larger
MAC
$261.7M
$148.9M
UFPT
Growing faster (revenue YoY)
UFPT
UFPT
+7.7% gap
UFPT
3.4%
-4.4%
MAC
Higher net margin
UFPT
UFPT
19.0% more per $
UFPT
11.8%
-7.2%
MAC
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
12.0%
MAC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAC
MAC
UFPT
UFPT
Revenue
$261.7M
$148.9M
Net Profit
$-18.8M
$17.6M
Gross Margin
28.2%
Operating Margin
14.4%
Net Margin
-7.2%
11.8%
Revenue YoY
-4.4%
3.4%
Net Profit YoY
91.1%
7.3%
EPS (diluted)
$-0.08
$2.22

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
UFPT
UFPT
Q4 25
$261.7M
$148.9M
Q3 25
$253.3M
$154.6M
Q2 25
$249.8M
$151.2M
Q1 25
$249.2M
$148.1M
Q4 24
$273.7M
$144.1M
Q3 24
$220.2M
$145.2M
Q2 24
$215.5M
$110.2M
Q1 24
$208.8M
$105.0M
Net Profit
MAC
MAC
UFPT
UFPT
Q4 25
$-18.8M
$17.6M
Q3 25
$-87.4M
$16.4M
Q2 25
$-40.9M
$17.2M
Q1 25
$-50.1M
$17.2M
Q4 24
$-211.2M
$16.4M
Q3 24
$-108.2M
$16.4M
Q2 24
$252.0M
$13.6M
Q1 24
$-126.7M
$12.7M
Gross Margin
MAC
MAC
UFPT
UFPT
Q4 25
28.2%
Q3 25
27.7%
Q2 25
28.8%
Q1 25
28.5%
Q4 24
29.2%
Q3 24
28.6%
Q2 24
30.0%
Q1 24
28.6%
Operating Margin
MAC
MAC
UFPT
UFPT
Q4 25
14.4%
Q3 25
15.1%
Q2 25
16.1%
Q1 25
15.6%
Q4 24
15.4%
Q3 24
17.1%
Q2 24
16.3%
Q1 24
15.2%
Net Margin
MAC
MAC
UFPT
UFPT
Q4 25
-7.2%
11.8%
Q3 25
-34.5%
10.6%
Q2 25
-16.4%
11.4%
Q1 25
-20.1%
11.6%
Q4 24
-77.2%
11.4%
Q3 24
-49.1%
11.3%
Q2 24
116.9%
12.3%
Q1 24
-60.7%
12.1%
EPS (diluted)
MAC
MAC
UFPT
UFPT
Q4 25
$-0.08
$2.22
Q3 25
$-0.34
$2.11
Q2 25
$-0.16
$2.21
Q1 25
$-0.20
$2.21
Q4 24
$-0.95
$2.08
Q3 24
$-0.50
$2.11
Q2 24
$1.16
$1.75
Q1 24
$-0.59
$1.64

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$280.2M
$20.3M
Total DebtLower is stronger
$5.1B
$135.5M
Stockholders' EquityBook value
$2.4B
$423.9M
Total Assets
$8.4B
$655.1M
Debt / EquityLower = less leverage
2.07×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
UFPT
UFPT
Q4 25
$280.2M
$20.3M
Q3 25
$290.2M
$18.2M
Q2 25
$131.1M
$14.9M
Q1 25
$253.2M
$14.0M
Q4 24
$89.9M
$13.4M
Q3 24
$116.5M
$16.4M
Q2 24
$70.7M
$16.7M
Q1 24
$120.1M
$11.4M
Total Debt
MAC
MAC
UFPT
UFPT
Q4 25
$5.1B
$135.5M
Q3 25
$5.1B
$146.1M
Q2 25
$5.2B
$163.6M
Q1 25
$5.2B
$163.6M
Q4 24
$4.9B
$189.4M
Q3 24
$4.3B
$212.0M
Q2 24
$4.4B
$35.2M
Q1 24
$4.1B
$34.0M
Stockholders' Equity
MAC
MAC
UFPT
UFPT
Q4 25
$2.4B
$423.9M
Q3 25
$2.5B
$403.9M
Q2 25
$2.6B
$385.5M
Q1 25
$2.7B
$360.7M
Q4 24
$2.8B
$342.8M
Q3 24
$2.5B
$329.1M
Q2 24
$2.5B
$310.2M
Q1 24
$2.3B
$295.0M
Total Assets
MAC
MAC
UFPT
UFPT
Q4 25
$8.4B
$655.1M
Q3 25
$8.4B
$652.8M
Q2 25
$8.7B
$634.7M
Q1 25
$8.7B
$642.6M
Q4 24
$8.6B
$629.0M
Q3 24
$7.6B
$638.5M
Q2 24
$7.8B
$422.4M
Q1 24
$7.4B
$407.7M
Debt / Equity
MAC
MAC
UFPT
UFPT
Q4 25
2.07×
0.32×
Q3 25
2.02×
0.36×
Q2 25
2.02×
0.42×
Q1 25
1.96×
0.45×
Q4 24
1.78×
0.55×
Q3 24
1.73×
0.64×
Q2 24
1.75×
0.11×
Q1 24
1.79×
0.12×

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
UFPT
UFPT
Operating Cash FlowLast quarter
$50.2M
$16.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
UFPT
UFPT
Q4 25
$50.2M
$16.8M
Q3 25
$112.4M
$35.9M
Q2 25
$70.5M
$25.3M
Q1 25
$88.5M
$13.8M
Q4 24
$54.9M
$24.4M
Q3 24
$100.0M
$19.8M
Q2 24
$67.4M
$11.7M
Q1 24
$61.1M
$10.7M
Free Cash Flow
MAC
MAC
UFPT
UFPT
Q4 25
Q3 25
Q2 25
$22.5M
Q1 25
$11.0M
Q4 24
$21.4M
Q3 24
$17.7M
Q2 24
$8.9M
Q1 24
$8.9M
FCF Margin
MAC
MAC
UFPT
UFPT
Q4 25
Q3 25
Q2 25
14.9%
Q1 25
7.4%
Q4 24
14.9%
Q3 24
12.2%
Q2 24
8.1%
Q1 24
8.5%
Capex Intensity
MAC
MAC
UFPT
UFPT
Q4 25
Q3 25
Q2 25
1.9%
Q1 25
1.9%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.5%
Q1 24
1.6%
Cash Conversion
MAC
MAC
UFPT
UFPT
Q4 25
0.96×
Q3 25
2.19×
Q2 25
1.47×
Q1 25
0.80×
Q4 24
1.49×
Q3 24
1.21×
Q2 24
0.27×
0.86×
Q1 24
0.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAC
MAC

Segment breakdown not available.

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

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