Macerich Company (MAC) — 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). Check Macerich Company (MAC) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Macerich Company Capital Reinvestment Ratio (1994–2025)
This chart tracks Macerich Company's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see MAC operating cash flow.
Annual Capital Reinvestment Ratio for Macerich Company (1994–2025)
Year-by-year Capital Reinvestment Ratio for Macerich Company from 1994 to 2025. See Macerich Company free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |