vs

Side-by-side financial comparison of MACERICH CO (MAC) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $261.7M, roughly 1.6× MACERICH CO). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -7.2%, a 17.5% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs -4.4%). Over the past eight quarters, MACERICH CO's revenue compounded faster (12.0% CAGR 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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

MAC vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.6× larger
ZWS
$407.2M
$261.7M
MAC
Growing faster (revenue YoY)
ZWS
ZWS
+14.2% gap
ZWS
9.8%
-4.4%
MAC
Higher net margin
ZWS
ZWS
17.5% more per $
ZWS
10.3%
-7.2%
MAC
Faster 2-yr revenue CAGR
MAC
MAC
Annualised
MAC
12.0%
4.4%
ZWS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAC
MAC
ZWS
ZWS
Revenue
$261.7M
$407.2M
Net Profit
$-18.8M
$42.1M
Gross Margin
44.4%
Operating Margin
14.8%
Net Margin
-7.2%
10.3%
Revenue YoY
-4.4%
9.8%
Net Profit YoY
91.1%
15.7%
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
ZWS
ZWS
Q4 25
$261.7M
$407.2M
Q3 25
$253.3M
$455.4M
Q2 25
$249.8M
$444.5M
Q1 25
$249.2M
$388.8M
Q4 24
$273.7M
$370.7M
Q3 24
$220.2M
$410.0M
Q2 24
$215.5M
$412.0M
Q1 24
$208.8M
$373.8M
Net Profit
MAC
MAC
ZWS
ZWS
Q4 25
$-18.8M
$42.1M
Q3 25
$-87.4M
$61.8M
Q2 25
$-40.9M
$50.5M
Q1 25
$-50.1M
$43.6M
Q4 24
$-211.2M
$36.4M
Q3 24
$-108.2M
$43.5M
Q2 24
$252.0M
$46.0M
Q1 24
$-126.7M
$34.3M
Gross Margin
MAC
MAC
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
MAC
MAC
ZWS
ZWS
Q4 25
14.8%
Q3 25
17.0%
Q2 25
17.5%
Q1 25
16.3%
Q4 24
13.3%
Q3 24
17.1%
Q2 24
17.5%
Q1 24
14.2%
Net Margin
MAC
MAC
ZWS
ZWS
Q4 25
-7.2%
10.3%
Q3 25
-34.5%
13.6%
Q2 25
-16.4%
11.4%
Q1 25
-20.1%
11.2%
Q4 24
-77.2%
9.8%
Q3 24
-49.1%
10.6%
Q2 24
116.9%
11.2%
Q1 24
-60.7%
9.2%
EPS (diluted)
MAC
MAC
ZWS
ZWS
Q4 25
$-0.08
$0.24
Q3 25
$-0.34
$0.36
Q2 25
$-0.16
$0.29
Q1 25
$-0.20
$0.26
Q4 24
$-0.95
$0.21
Q3 24
$-0.50
$0.25
Q2 24
$1.16
$0.27
Q1 24
$-0.59
$0.19

Balance Sheet & Financial Strength

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

Metric
MAC
MAC
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$280.2M
$300.5M
Total DebtLower is stronger
$5.1B
$496.5M
Stockholders' EquityBook value
$2.4B
$1.6B
Total Assets
$8.4B
$2.7B
Debt / EquityLower = less leverage
2.07×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAC
MAC
ZWS
ZWS
Q4 25
$280.2M
$300.5M
Q3 25
$290.2M
$260.1M
Q2 25
$131.1M
$201.9M
Q1 25
$253.2M
$144.7M
Q4 24
$89.9M
$198.0M
Q3 24
$116.5M
$187.9M
Q2 24
$70.7M
$162.7M
Q1 24
$120.1M
$157.1M
Total Debt
MAC
MAC
ZWS
ZWS
Q4 25
$5.1B
$496.5M
Q3 25
$5.1B
$496.4M
Q2 25
$5.2B
$495.9M
Q1 25
$5.2B
$495.8M
Q4 24
$4.9B
$495.6M
Q3 24
$4.3B
$495.6M
Q2 24
$4.4B
$495.5M
Q1 24
$4.1B
$495.4M
Stockholders' Equity
MAC
MAC
ZWS
ZWS
Q4 25
$2.4B
$1.6B
Q3 25
$2.5B
$1.6B
Q2 25
$2.6B
$1.6B
Q1 25
$2.7B
$1.5B
Q4 24
$2.8B
$1.6B
Q3 24
$2.5B
$1.6B
Q2 24
$2.5B
$1.6B
Q1 24
$2.3B
$1.6B
Total Assets
MAC
MAC
ZWS
ZWS
Q4 25
$8.4B
$2.7B
Q3 25
$8.4B
$2.7B
Q2 25
$8.7B
$2.7B
Q1 25
$8.7B
$2.6B
Q4 24
$8.6B
$2.6B
Q3 24
$7.6B
$2.7B
Q2 24
$7.8B
$2.7B
Q1 24
$7.4B
$2.7B
Debt / Equity
MAC
MAC
ZWS
ZWS
Q4 25
2.07×
0.31×
Q3 25
2.02×
0.31×
Q2 25
2.02×
0.32×
Q1 25
1.96×
0.32×
Q4 24
1.78×
0.31×
Q3 24
1.73×
0.31×
Q2 24
1.75×
0.31×
Q1 24
1.79×
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$50.2M
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAC
MAC
ZWS
ZWS
Q4 25
$50.2M
$91.7M
Q3 25
$112.4M
$101.3M
Q2 25
$70.5M
$110.6M
Q1 25
$88.5M
$42.9M
Q4 24
$54.9M
$63.6M
Q3 24
$100.0M
$90.9M
Q2 24
$67.4M
$85.1M
Q1 24
$61.1M
$53.9M
Cash Conversion
MAC
MAC
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
0.27×
1.85×
Q1 24
1.57×

Financial Flow Comparison

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

Related Comparisons