Macerich Company Capital Reinvestment Ratio
Macerich Company capital reinvestment ratio. Macerich Company (MAC) has a Capital Reinvestment Ratio of 0.95x as of June 2026, meaning it reinvests 1% of its operating cash flow ($144.25 Million) in capital expenditures ($136.78 Million). See MAC free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Macerich Company (1994–2025)
Capital reinvestment ratio of Macerich Company from 1994 to 2025. This chart tracks Macerich Company's Capital Reinvestment Ratio across 32 annual periods. See financial agility of Macerich Company to measure the company's free cash flow as a share of total liabilities.
Macerich Company Capital Reinvestment Ratio by Year (1994–2025)
Macerich Company capital reinvestment ratio by year from 1994 to 2025. For the full cash flow conversion analysis, see cash efficiency ratio of Macerich Company.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.04x | $321.60 Million | $333.34 Million | ▲ +75.2% |
| 2024 | 0.59x | $283.44 Million | $167.65 Million | ▲ +14.6% |
| 2023 | 0.52x | $295.50 Million | $152.50 Million | ▲ +83.8% |
| 2022 | 0.28x | $337.51 Million | $94.79 Million | ▼ -25.7% |
| 2021 | 0.38x | $286.37 Million | $108.21 Million | ▼ -30.9% |
| 2020 | 0.55x | $124.84 Million | $68.30 Million | ▼ -2.7% |
| 2019 | 0.56x | $355.16 Million | $199.81 Million | ▼ -18.3% |
| 2018 | 0.69x | $344.31 Million | $237.23 Million | ▲ +31.7% |
| 2017 | 0.52x | $386.39 Million | $202.15 Million | ▼ -15.8% |
| 2016 | 0.62x | $417.51 Million | $259.48 Million | ▼ -7.8% |
| 2015 | 0.67x | $540.38 Million | $364.42 Million | ▲ +1.1% |
| 2014 | 0.67x | $400.71 Million | $267.36 Million | ▼ -61.2% |
| 2013 | 1.72x | $422.04 Million | $726.60 Million | ▼ -52.7% |
| 2012 | 3.64x | $351.30 Million | $1.28 Billion | ▲ +249.9% |
| 2011 | 1.04x | $237.28 Million | $247.01 Million | ▲ +12.3% |
| 2010 | 0.93x | $200.44 Million | $185.79 Million | ▼ -43.3% |
| 2009 | 1.63x | $120.89 Million | $197.48 Million | ▼ -25.7% |
| 2008 | 2.20x | $251.95 Million | $554.06 Million | ▼ -31.3% |
| 2007 | 3.20x | $326.07 Million | $1.04 Billion | ▼ -17.6% |
| 2006 | 3.88x | $211.85 Million | $822.90 Million | ▲ +431.9% |
| 2005 | 0.73x | $235.30 Million | $171.84 Million | ▼ -73.2% |
| 2004 | 2.73x | $194.38 Million | $529.81 Million | ▲ +65.3% |
| 2003 | 1.65x | $215.75 Million | $355.67 Million | ▼ -51.0% |
| 2002 | 3.36x | $163.18 Million | $548.79 Million | ▲ +593.4% |
| 2001 | 0.49x | $140.51 Million | $68.15 Million | ▲ +16.6% |
| 2000 | 0.42x | $121.22 Million | $50.45 Million | ▼ -73.2% |
| 1999 | 1.56x | $139.58 Million | $217.12 Million | ▼ -74.9% |
| 1998 | 6.19x | $85.18 Million | $527.66 Million | ▲ +125.8% |
| 1997 | 2.74x | $78.48 Million | $215.26 Million | ▼ -22.9% |
| 1996 | 3.56x | $80.43 Million | $286.26 Million | ▲ +111.1% |
| 1995 | 1.69x | $44.90 Million | $75.70 Million | ▼ -56.1% |
| 1994 | 3.84x | $30.30 Million | $116.30 Million | — |