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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $140.6M, roughly 1.9× VERACYTE, INC.). VERACYTE, INC. runs the higher net margin — 29.3% vs -7.2%, a 36.4% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs -4.4%). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

MAC vs VCYT — Head-to-Head

Bigger by revenue
MAC
MAC
1.9× larger
MAC
$261.7M
$140.6M
VCYT
Growing faster (revenue YoY)
VCYT
VCYT
+22.9% gap
VCYT
18.5%
-4.4%
MAC
Higher net margin
VCYT
VCYT
36.4% more per $
VCYT
29.3%
-7.2%
MAC
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
12.0%
MAC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAC
MAC
VCYT
VCYT
Revenue
$261.7M
$140.6M
Net Profit
$-18.8M
$41.1M
Gross Margin
72.5%
Operating Margin
26.4%
Net Margin
-7.2%
29.3%
Revenue YoY
-4.4%
18.5%
Net Profit YoY
91.1%
704.8%
EPS (diluted)
$-0.08
$0.50

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
VCYT
VCYT
Q4 25
$261.7M
$140.6M
Q3 25
$253.3M
$131.9M
Q2 25
$249.8M
$130.2M
Q1 25
$249.2M
$114.5M
Q4 24
$273.7M
$118.6M
Q3 24
$220.2M
$115.9M
Q2 24
$215.5M
$114.4M
Q1 24
$208.8M
$96.8M
Net Profit
MAC
MAC
VCYT
VCYT
Q4 25
$-18.8M
$41.1M
Q3 25
$-87.4M
$19.1M
Q2 25
$-40.9M
$-980.0K
Q1 25
$-50.1M
$7.0M
Q4 24
$-211.2M
$5.1M
Q3 24
$-108.2M
$15.2M
Q2 24
$252.0M
$5.7M
Q1 24
$-126.7M
$-1.9M
Gross Margin
MAC
MAC
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
MAC
MAC
VCYT
VCYT
Q4 25
26.4%
Q3 25
17.4%
Q2 25
-4.0%
Q1 25
2.5%
Q4 24
3.5%
Q3 24
10.4%
Q2 24
4.0%
Q1 24
-4.8%
Net Margin
MAC
MAC
VCYT
VCYT
Q4 25
-7.2%
29.3%
Q3 25
-34.5%
14.5%
Q2 25
-16.4%
-0.8%
Q1 25
-20.1%
6.2%
Q4 24
-77.2%
4.3%
Q3 24
-49.1%
13.1%
Q2 24
116.9%
5.0%
Q1 24
-60.7%
-1.9%
EPS (diluted)
MAC
MAC
VCYT
VCYT
Q4 25
$-0.08
$0.50
Q3 25
$-0.34
$0.24
Q2 25
$-0.16
$-0.01
Q1 25
$-0.20
$0.09
Q4 24
$-0.95
$0.07
Q3 24
$-0.50
$0.19
Q2 24
$1.16
$0.07
Q1 24
$-0.59
$-0.02

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$280.2M
$362.6M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$2.4B
$1.3B
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
VCYT
VCYT
Q4 25
$280.2M
$362.6M
Q3 25
$290.2M
$315.6M
Q2 25
$131.1M
$219.5M
Q1 25
$253.2M
$186.1M
Q4 24
$89.9M
$239.1M
Q3 24
$116.5M
$274.1M
Q2 24
$70.7M
$235.9M
Q1 24
$120.1M
$209.2M
Total Debt
MAC
MAC
VCYT
VCYT
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
VCYT
VCYT
Q4 25
$2.4B
$1.3B
Q3 25
$2.5B
$1.3B
Q2 25
$2.6B
$1.2B
Q1 25
$2.7B
$1.2B
Q4 24
$2.8B
$1.2B
Q3 24
$2.5B
$1.2B
Q2 24
$2.5B
$1.1B
Q1 24
$2.3B
$1.1B
Total Assets
MAC
MAC
VCYT
VCYT
Q4 25
$8.4B
$1.4B
Q3 25
$8.4B
$1.4B
Q2 25
$8.7B
$1.3B
Q1 25
$8.7B
$1.3B
Q4 24
$8.6B
$1.3B
Q3 24
$7.6B
$1.3B
Q2 24
$7.8B
$1.2B
Q1 24
$7.4B
$1.2B
Debt / Equity
MAC
MAC
VCYT
VCYT
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
VCYT
VCYT
Operating Cash FlowLast quarter
$50.2M
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
VCYT
VCYT
Q4 25
$50.2M
$52.6M
Q3 25
$112.4M
$44.8M
Q2 25
$70.5M
$33.6M
Q1 25
$88.5M
$5.4M
Q4 24
$54.9M
$24.5M
Q3 24
$100.0M
$30.0M
Q2 24
$67.4M
$29.6M
Q1 24
$61.1M
$-9.0M
Free Cash Flow
MAC
MAC
VCYT
VCYT
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
Q1 24
$-11.1M
FCF Margin
MAC
MAC
VCYT
VCYT
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Q1 24
-11.5%
Capex Intensity
MAC
MAC
VCYT
VCYT
Q4 25
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
1.9%
Q2 24
2.4%
Q1 24
2.2%
Cash Conversion
MAC
MAC
VCYT
VCYT
Q4 25
1.28×
Q3 25
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
1.98×
Q2 24
0.27×
5.16×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAC
MAC

Segment breakdown not available.

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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