MACERICH CO
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2014 | — | 5.0% | 145.4% |
| FY2015 | — | 6.7% | 40.6% |
| FY2016 | — | 9.3% | 53.3% |
| FY2017 | — | 6.3% | 16.3% |
| FY2018 | — | 2.6% | 7.2% |
| FY2019 | — | 7.3% | 10.4% |
| FY2020 | — | 1.6% | -29.3% |
| FY2021 | — | -8.1% | 1.7% |
| FY2022 | — | -7.8% | -7.7% |
| FY2023 | — | 1.5% | -31.0% |
Remember, things are never clear until it’s too late.