8-K Announcements
6Material company update
Jun 3, 2026·SEC
Material company update
May 18, 2026·SEC
Material company update
Mar 26, 2026·SEC
Macy's, Inc.(M)Earnings, Financials & Key Ratios
M•NYSE
10.4× P/E·Price updated Jun 19, 2026
AboutMacy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.Show more
- Revenue$22.62B-1.7%
- EBITDA$1.92B+7.5%
- Net Income$642M+10.3%
- EPS (Diluted)2.32+12.1%
- Gross Margin36.55%-9.3%
- EBITDA Margin8.51%+9.3%
- Operating Margin4.55%+15.2%
- Net Margin2.84%+12.2%
- ROE13.64%+0.6%
M Key Insights
Macy's, Inc. (M) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.0%
- ✓Trading at only 1.4x book value
- ✓Efficient asset utilization: 1.4x turnover
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when M posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
M Price & Volume
Macy's, Inc. (M) stock price & volume — 10-year historical chart
Loading chart...
M Growth Metrics
Macy's, Inc. (M) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.78%
5 Years4.56%
3 Years-3.85%
TTM-11.63%
Profit CAGR
10 Years-5%
5 Years-
3 Years-17.56%
TTM-11.07%
EPS CAGR
10 Years-3.22%
5 Years-
3 Years-17.88%
TTM-9.38%
Return on Capital
10 Years6.13%
5 Years10.42%
3 Years6.32%
Last Year8.72%
M Recent Earnings
Macy's, Inc. (M) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q3 2026Latest
Jun 3, 2026Metric
Actual
Est
EPS
$0.13+324.3%
$0.03
Rev
$4.7B+1.5%
$4.6B
Q2 2026
Mar 18, 2026Metric
Actual
Est
EPS
$1.67+9.2%
$1.53
Rev
$7.6B+1.8%
$7.5B
Q4 2025
Dec 3, 2025Metric
Actual
Est
EPS
$0.09+168.8%
$0.13
Rev
$4.9B+7.9%
$4.6B
Q4 2025
Sep 3, 2025Metric
Actual
Est
EPS
$0.41+115.8%
$0.19
Rev
$5.0B+10.3%
$4.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 3, 2026 | $0.13vs $0.03+324.3% | $4.7Bvs $4.6B+1.5% |
| Q2 2026 | Mar 18, 2026 | $1.67vs $1.53+9.2% | $7.6Bvs $7.5B+1.8% |
| Q4 2025 | Dec 3, 2025 | $0.09vs $0.13+168.8% | $4.9Bvs $4.6B+7.9% |
| Q4 2025 | Sep 3, 2025 | $0.41vs $0.19+115.8% | $5.0Bvs $4.5B+10.3% |
Based on last 12 quarters of dataView full earnings history →
M Peer Comparison
Macy's, Inc. (M) competitors in Full-line mall-based department stores — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KSS | 1.94B | 17.25 | 7.28 | -4.28% | 1.76% | 6.83% | 1.64 | |
 DDS | 8.67B | 554.86 | 15.23 | -0.41% | 9.95% | 33.85% | 0.31 | |
 BKE | 2.33B | 45.17 | 10.91 | 6.58% | 16.16% | 45.18% | 0.90 | |
 SKY | 4.57B | 83.34 | 22.83 | 7.26% | 7.77% | 13.1% | 0.07 | |
 TJX | 181.32B | 163.82 | 33.57 | 7.12% | 9.4% | 59.66% | 1.32 | |
 ROST | 75.3B | 232.80 | 35.22 | 7.67% | 9.74% | 38.42% | 0.84 | |
 ANF | 3.92B | 87.24 | 8.34 | 6.42% | 9.34% | 36.48% | 0.82 | |
 PVH | 3.55B | 77.07 | 145.42 | 3.44% | 0.25% | 0.45% | 0.90 |
Compare M vs Peers
Macy's, Inc. (M) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
M Income Statement
Macy's, Inc. (M) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Feb'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 25.64B | 25.74B | 25.33B | 18.1B | 25.4B | 25.45B | 23.87B | 23.01B | 22.62B | 22.72B |
Revenue Growth % | -3.47% | 0.38% | -1.59% | -28.56% | 40.35% | 0.2% | -6.22% | -3.6% | -1.67% | -11.63% |
Cost of Goods Sold | 15.18B | 15.21B | 15.17B | 12.29B | 14.96B | 15.35B | 14.22B | 13.74B | 14.35B | 14.42B |
COGS % of Revenue | 59.21% | 59.11% | 59.89% | 67.89% | 58.88% | 60.3% | 59.6% | 59.72% | 63.45% | - |
Gross Profit | 10.46B▲ 0% | 10.52B▲ 0.6% | 10.16B▼ 3.5% | 5.81B▼ 42.8% | 10.44B▲ 79.7% | 10.1B▼ 3.3% | 9.64B▼ 4.6% | 9.27B▼ 3.9% | 8.27B▼ 10.8% | 8.3B▲ 0% |
Gross Margin % | 40.79% | 40.89% | 40.11% | 32.11% | 41.12% | 39.7% | 40.4% | 40.28% | 36.55% | 36.54% |
Gross Profit Growth % | -4.02% | 0.61% | -3.46% | -42.81% | 79.71% | -3.27% | -4.55% | -3.9% | -10.78% | - |
Operating Expenses | 8.6B | 8.79B | 9.19B | 10.29B | 8.09B | 8.41B | 9.34B | 8.36B | 7.24B | 7.29B |
OpEx % of Revenue | 33.52% | 34.13% | 36.28% | 56.84% | 31.86% | 33.06% | 39.14% | 36.33% | 31.99% | - |
Selling, General & Admin | 9.06B | 9.13B | 9.06B | 6.85B | 8.15B | 8.46B | 8.38B | 8.33B | 8.24B | 578.17B |
SG&A % of Revenue | 35.33% | 35.46% | 35.75% | 37.86% | 32.1% | 33.25% | 35.09% | 36.21% | 36.43% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -463M | -341M | 134M | 3.44B | -61M | -48M | 966M | 27M | -1B | -3M |
Operating Income | 1.86B▲ 0% | 1.74B▼ 6.8% | 970M▼ 44.2% | -4.47B▼ 561.3% | 2.35B▲ 152.5% | 1.69B▼ 28.1% | 301M▼ 82.2% | 909M▲ 202.0% | 1.03B▲ 13.3% | 1.02B▲ 0% |
Operating Margin % | 7.27% | 6.75% | 3.83% | -24.73% | 9.25% | 6.64% | 1.26% | 3.95% | 4.55% | 4.47% |
Operating Income Growth % | 35.96% | -6.76% | -44.19% | -561.34% | 152.51% | -28.13% | -82.18% | 201.99% | 13.31% | - |
EBITDA | 2.85B | 2.7B | 1.95B | -3.52B | 3.22B | 2.55B | 1.2B | 1.79B | 1.92B | 1.9B |
EBITDA Margin % | 11.13% | 10.49% | 7.7% | -19.43% | 12.69% | 10% | 5.02% | 7.78% | 8.51% | 8.37% |
EBITDA Growth % | 17.54% | -5.43% | -27.74% | -280.22% | 191.7% | -21.03% | -52.95% | 49.42% | 7.49% | -7.31% |
D&A (Non-Cash Add-back) | 991M | 962M | 981M | 959M | 874M | 857M | 897M | 881M | 894M | 885M |
EBIT | 1.85B | 1.69B | 938M | -4.5B | 2.13B | 1.64B | 178M | 878M | 946M | 1.05B |
Net Interest Income | -310M | -236M | -185M | -285M | -256M | -162M | -135M | -115M | -97M | -95M |
Interest Income | 20M | 32M | 25M | 4M | 3M | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 330M | 268M | 210M | 289M | 259M | 162M | 135M | 115M | 97M | 95M |
Other Income/Expense | -348M | -318M | -242M | -315M | -484M | -212M | -258M | -146M | -181M | -142M |
Pretax Income | 1.52B▲ 0% | 1.42B▼ 6.3% | 728M▼ 48.7% | -4.79B▼ 758.0% | 1.87B▲ 139.0% | 1.48B▼ 20.8% | 43M▼ 97.1% | 763M▲ 1674.4% | 849M▲ 11.3% | 874M▲ 0% |
Pretax Margin % | 5.91% | 5.52% | 2.87% | -26.47% | 7.35% | 5.8% | 0.18% | 3.32% | 3.75% | 3.85% |
Income Tax | -39M | 322M | 164M | -846M | 436M | 331M | -2M | 181M | 207M | 207M |
Effective Tax Rate % | -2.57% | 22.68% | 22.53% | 17.66% | 23.37% | 22.41% | -4.65% | 23.72% | 24.38% | 23.68% |
Net Income | 1.57B▲ 0% | 1.11B▼ 29.2% | 564M▼ 49.1% | -3.94B▼ 799.3% | 1.43B▲ 136.3% | 1.15B▼ 19.9% | 45M▼ 96.1% | 582M▲ 1193.3% | 642M▲ 10.3% | 667M▲ 0% |
Net Margin % | 6.11% | 4.3% | 2.23% | -21.79% | 5.63% | 4.5% | 0.19% | 2.53% | 2.84% | 2.94% |
Net Income Growth % | 149.76% | -29.25% | -49.1% | -799.29% | 136.26% | -19.86% | -96.07% | 1193.33% | 10.31% | -11.07% |
Net Income (Continuing) | 1.55B | 1.1B | 564M | -3.94B | 1.43B | 1.15B | 45M | 582M | 642M | 667M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | -12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 5.10▲ 0% | 3.56▼ 30.2% | 1.81▼ 49.2% | -12.68▼ 800.6% | 4.55▲ 135.9% | 4.19▼ 7.9% | 0.16▼ 96.2% | 2.07▲ 1193.8% | 2.32▲ 12.1% | 2.45▲ 0% |
EPS Growth % | 152.48% | -30.2% | -49.16% | -800.55% | 135.88% | -7.91% | -96.18% | 1193.75% | 12.08% | -9.38% |
EPS (Basic) | 5.13 | 3.60 | 1.82 | -12.68 | 4.66 | 4.28 | 0.16 | 2.10 | 2.37 | - |
Diluted Shares Outstanding | 306.8M | 311.4M | 311.4M | 311.1M | 314M | 281.1M | 278.2M | 281.6M | 276.5M | 272.7M |
Basic Shares Outstanding | 305.4M | 307.7M | 309.7M | 311.1M | 306.8M | 274.7M | 274.2M | 281.16M | 270.6M | 264.4M |
Dividend Payout Ratio | 29.44% | 41.79% | 82.62% | - | 6.29% | 15.1% | 402.22% | 32.99% | 30.69% | - |
M Balance Sheet
Macy's, Inc. (M) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Feb'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 7.44B | 7.45B | 6.81B | 6.18B | 6.76B | 5.85B | 6.09B | 6.48B | 6.67B | 6.9B |
Cash & Short-Term Investments | 1.46B | 1.16B | 685M | 1.68B | 1.71B | 862M | 1.03B | 1.31B | 1.25B | 1.29B |
Cash Only | 1.46B | 1.16B | 685M | 1.68B | 1.71B | 862M | 1.03B | 1.31B | 1.25B | 1.29B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 363M | 400M | 409M | 276M | 297M | 300M | 293M | 320M | 628M | 302M |
Days Sales Outstanding | 5.17 | 5.67 | 5.89 | 5.57 | 4.27 | 4.3 | 4.48 | 5.08 | 10.13 | 5.39 |
Inventory | 5.18B | 5.26B | 5.19B | 3.77B | 4.38B | 4.27B | 4.36B | 4.47B | 4.41B | 4.83B |
Days Inventory Outstanding | 124.5 | 126.26 | 124.82 | 112.12 | 106.97 | 101.48 | 111.91 | 118.69 | 112.19 | 125.84 |
Other Current Assets | 321M | 252M | 218M | 139M | 159M | 187M | 401M | 385M | 387M | 467M |
Total Non-Current Assets | 11.94B | 11.75B | 14.36B | 11.52B | 10.83B | 11.01B | 10.16B | 9.92B | 9.56B | 9.41B |
Property, Plant & Equipment | 6.67B | 6.64B | 9.3B | 8.82B | 8.47B | 8.6B | 7.61B | 7.31B | 6.88B | 6.72B |
Fixed Asset Turnover | 3.84x | 3.88x | 2.72x | 2.05x | 3.00x | 2.96x | 3.13x | 3.15x | 3.29x | 3.27x |
Goodwill | 3.9B | 3.91B | 3.91B | 828M | 828M | 828M | 828M | 828M | 828M | 828M |
Intangible Assets | 488M | 478M | 439M | 437M | 435M | 432M | 430M | 425M | 420M | 419M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 880M | 726M | 714M | 1.44B | 1.1B | 1.16B | 1.29B | 1.36B | 1.44B | 1.44B |
Total Assets | 19.38B▲ 0% | 19.19B▼ 1.0% | 21.17B▲ 10.3% | 17.71B▼ 16.4% | 17.59B▼ 0.7% | 16.87B▼ 4.1% | 16.25B▼ 3.7% | 16.4B▲ 1.0% | 16.24B▼ 1.0% | 16.31B▲ 0% |
Asset Turnover | 1.32x | 1.34x | 1.20x | 1.02x | 1.44x | 1.51x | 1.47x | 1.40x | 1.39x | 1.39x |
Asset Growth % | -2.37% | -0.96% | 10.31% | -16.37% | -0.66% | -4.12% | -3.68% | 0.96% | -1% | -2.76% |
Total Current Liabilities | 5.08B | 5.23B | 5.75B | 5.36B | 5.42B | 4.86B | 4.53B | 4.52B | 4.49B | 4.67B |
Accounts Payable | 2.33B | 2.64B | 2.66B | 2.86B | 3.28B | 2.87B | 2.66B | 2.75B | 4.42B | 4.6B |
Days Payables Outstanding | 55.9 | 63.28 | 63.97 | 84.85 | 80.05 | 68.35 | 68.26 | 72.95 | 112.44 | 119.78 |
Short-Term Debt | 22M | 36M | 539M | 452M | 0 | 0 | 0 | 6M | 0 | 0 |
Deferred Revenue (Current) | 1.03B | 879M | 839M | 616M | 481M | 399M | 384M | 353M | 0 | 0 |
Other Current Liabilities | 760M | 575M | 498M | 398M | 438M | 43M | 384M | 357M | 0 | 0 |
Current Ratio | 1.47x | 1.42x | 1.18x | 1.15x | 1.25x | 1.20x | 1.34x | 1.43x | 1.49x | 1.48x |
Quick Ratio | 0.45x | 0.42x | 0.28x | 0.45x | 0.44x | 0.33x | 0.38x | 0.44x | 0.50x | 0.44x |
Cash Conversion Cycle | 73.76 | 68.64 | 66.74 | 32.84 | 31.19 | 37.43 | 48.13 | 50.82 | 9.88 | 11.45 |
Total Non-Current Liabilities | 8.64B | 7.53B | 9.04B | 9.8B | 8.55B | 7.92B | 7.68B | 7.33B | 6.88B | 6.79B |
Long-Term Debt | 5.83B | 4.68B | 3.62B | 4.41B | 3.29B | 3B | 3B | 2.77B | 2.43B | 2.43B |
Capital Lease Obligations | 26M | 25M | 2.92B | 3.19B | 3.1B | 2.96B | 2.99B | 2.93B | 2.77B | 11.12B |
Deferred Tax Liabilities | 1.12B | 1.24B | 1.17B | 908M | 983M | 947M | 745M | 724M | 805M | 3.08B |
Other Non-Current Liabilities | 2.78B | 1.58B | 1.34B | 1.3B | 1.18B | 1.02B | 950M | 902M | 876M | 858M |
Total Liabilities | 13.72B | 12.76B | 14.79B | 15.15B | 13.97B | 12.78B | 12.21B | 11.85B | 11.38B | 11.47B |
Total Debt | 5.88B | 4.94B | 7.48B | 8.33B | 6.83B | 6.4B | 5.98B | 5.71B | 5.2B | 5.11B |
Net Debt | 4.43B | 3.78B | 6.79B | 6.65B | 5.11B | 5.54B | 4.95B | 4.4B | 3.96B | 3.81B |
Debt / Equity | 1.04x | 0.77x | 1.17x | 3.26x | 1.89x | 1.57x | 1.48x | 1.25x | 1.07x | 1.06x |
Debt / EBITDA | 2.06x | 1.83x | 3.83x | - | 2.12x | 2.51x | 4.99x | 3.19x | 2.70x | 2.69x |
Net Debt / EBITDA | 1.55x | 1.40x | 3.48x | - | 1.59x | 2.17x | 4.13x | 2.46x | 2.06x | 2.01x |
Interest Coverage | 5.59x | 6.30x | 4.47x | -15.58x | 8.20x | 10.12x | 1.32x | 7.63x | 9.75x | 11.08x |
Total Equity | 5.66B▲ 0% | 6.44B▲ 13.7% | 6.38B▼ 0.9% | 2.55B▼ 60.0% | 3.62B▲ 41.8% | 4.08B▲ 12.7% | 4.04B▼ 1.2% | 4.55B▲ 12.8% | 4.86B▲ 6.8% | 4.84B▲ 0% |
Equity Growth % | 30.98% | 13.69% | -0.92% | -59.97% | 41.83% | 12.73% | -1.15% | 12.81% | 6.77% | 23.24% |
Book Value per Share | 18.45 | 20.67 | 20.48 | 8.21 | 11.53 | 14.52 | 14.50 | 16.16 | 17.58 | 17.74 |
Total Shareholders' Equity | 5.67B | 6.44B | 6.38B | 2.55B | 3.62B | 4.08B | 4.04B | 4.55B | 4.86B | 4.84B |
Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M |
Retained Earnings | 7.17B | 8.05B | 7.99B | 3.93B | 5.27B | 6.27B | 6.09B | 6.5B | 6.94B | 6.49B |
Treasury Stock | -1.46B | -1.32B | -1.24B | -1.16B | -1.54B | -2.04B | -1.91B | -1.8B | -1.96B | -1.82B |
Accumulated OCI | -724M | -951M | -995M | -788M | -622M | -618M | -496M | -449M | -392M | -449M |
Minority Interest | -12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
M Cash Flow Statement
Macy's, Inc. (M) cash flow — operating, investing & free cash flow history
| Metric | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Feb'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.94B | 1.74B | 1.61B | 649M | 2.71B | 1.61B | 1.3B | 1.28B | 1.43B | 1.79B |
Operating CF Margin % | 7.58% | 6.74% | 6.35% | 3.59% | 10.68% | 6.35% | 5.47% | 5.56% | 6.32% | - |
Operating CF Growth % | 7.94% | -10.75% | -7.32% | -59.64% | 317.87% | -40.45% | -19.2% | -2.07% | 11.89% | 4529.4% |
Net Income | 1.54B | 1.1B | 564M | -3.94B | 1.43B | 1.18B | 105M | 582M | 642M | 667M |
Depreciation & Amortization | 991M | 962M | 981M | 959M | 874M | 857M | 897M | 881M | 894M | -10.81B |
Stock-Based Compensation | 58M | 63M | 38M | 31M | 55M | 54M | 47M | 87M | 59M | -6.75B |
Deferred Taxes | -544M | -389M | -6M | -327M | 19M | -38M | -244M | 0 | 62M | -5.69B |
Other Non-Cash Items | 246M | 209M | 285M | 3.67B | 139M | 19M | 1.11B | 5M | 259M | 347.16B |
Working Capital Changes | -343M | -208M | -254M | 262M | 195M | -454M | -614M | -277M | -486M | -148M |
Change in Receivables | 106M | -40M | 80M | 183M | -21M | -3M | 7M | 2M | -325M | -71M |
Change in Inventory | 221M | -87M | 75M | 1.41B | -610M | 116M | -99M | -51M | 51M | -172M |
Change in Payables | -17M | 99M | -217M | -522M | 463M | -303M | -460M | -60M | -157M | 182M |
Cash from Investing | -373M | -456M | -1B | -325M | -370M | -1.17B | -913M | -592M | -639M | -655M |
Capital Expenditures | -760M | -932M | -1.16B | -466M | -597M | -1.29B | -631M | -518M | -373M | -12.61B |
CapEx % of Revenue | 2.96% | 3.62% | 4.57% | 2.57% | 2.35% | 5.09% | 2.64% | 2.25% | 1.65% | 55.52% |
Acquisitions | 424M | 481M | 185M | 113M | 164M | 137M | 0 | 0 | 0 | -5.45B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 387M | 476M | -30M | 28M | 63M | -11M | -282M | -74M | -266M | 17.41B |
Cash from Financing | -1.41B | -1.54B | -1.12B | 699M | -2.38B | -1.3B | -220M | -413M | -852M | -769M |
Debt Issued (Net) | -988M | -1.15B | -569M | 738M | -1.8B | -522M | -2M | -223M | -378M | 0 |
Equity Issued (Net) | 5M | 45M | 5M | -1M | -500M | -601M | -38M | -1M | -250M | 46M |
Dividends Paid | -461M | -463M | -466M | -117M | -90M | -173M | -181M | -192M | -197M | -196M |
Share Repurchases | -1M | 0 | -1M | -1M | -500M | -601M | -38M | -1M | -250M | 46M |
Other Financing | -15M | 23M | -93M | 79M | 7M | 0 | 1M | 3M | -27M | -619M |
Net Change in Cash | 158M▲ 0% | -265M▼ 267.7% | -517M▼ 95.1% | 1.02B▲ 297.9% | -39M▼ 103.8% | -850M▼ 2079.5% | 172M▲ 120.2% | 273M▲ 58.7% | -61M▼ 122.3% | 365M▲ 0% |
Free Cash Flow | 1.18B▲ 0% | 803M▼ 32.2% | 451M▼ 43.8% | 183M▼ 59.4% | 2.12B▲ 1055.7% | 320M▼ 84.9% | 312M▼ 2.5% | 760M▲ 143.6% | 1.06B▲ 39.1% | 1.5B▲ 0% |
FCF Margin % | 4.62% | 3.12% | 1.78% | 1.01% | 8.33% | 1.26% | 1.31% | 3.3% | 4.67% | 6.61% |
FCF Growth % | 33.18% | -32.18% | -43.84% | -59.42% | 1055.74% | -84.87% | -2.5% | 143.59% | 39.08% | -14.32% |
FCF per Share | 3.86 | 2.58 | 1.45 | 0.59 | 6.74 | 1.14 | 1.12 | 2.70 | 3.82 | 5.51 |
FCF Conversion (FCF/Net Income) | 1.24x | 1.57x | 2.85x | -0.16x | 1.90x | 1.41x | 29.00x | 2.20x | 2.23x | 2.25x |
Interest Paid | 361M | 328M | 242M | 257M | 0 | 188M | 157M | 155M | 0 | -56M |
Taxes Paid | 496M | 345M | 229M | 98M | 0 | 455M | 240M | 304M | 0 | -7M |
M Key Ratios
Macy's, Inc. (M) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 31.37% | 18.32% | 8.8% | -88.33% | 46.32% | 29.75% | 1.11% | 13.56% | 13.64% | 14.44% |
Return on Invested Capital (ROIC) | 13.86% | 12.84% | 6.22% | -30% | 19.65% | 13.8% | 2.43% | 7.6% | 8.69% | 8.54% |
Gross Margin | 40.79% | 40.89% | 40.11% | 32.11% | 41.12% | 39.7% | 40.4% | 40.28% | 36.55% | 36.54% |
Net Margin | 6.11% | 4.3% | 2.23% | -21.79% | 5.63% | 4.5% | 0.19% | 2.53% | 2.84% | 2.94% |
Debt / Equity | 1.04x | 0.77x | 1.17x | 3.26x | 1.89x | 1.57x | 1.48x | 1.25x | 1.07x | 1.06x |
Interest Coverage | 5.59x | 6.30x | 4.47x | -15.58x | 8.20x | 10.12x | 1.32x | 7.63x | 9.75x | 11.08x |
FCF Conversion | 1.24x | 1.57x | 2.85x | -0.16x | 1.90x | 1.41x | 29.00x | 2.20x | 2.23x | 2.25x |
Revenue Growth | -3.47% | 0.38% | -1.59% | -28.56% | 40.35% | 0.2% | -6.22% | -3.6% | -1.67% | -11.63% |
Related:M Dividend History·M Revenue History·M Price History·M P/E History·M Financial Ratios·M Institutional Holders
M SEC Filings & Documents
Macy's, Inc. (M) SEC filings — annual & quarterly reports (10-K, 10-Q)
M Frequently Asked Questions
Macy's, Inc. (M) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Macy's, Inc. (M) reported $22.72B in revenue for fiscal year 2025. This represents a 49% increase from $15.23B in 1996.
Macy's, Inc. (M) saw revenue decline by 1.7% over the past year.
Yes, Macy's, Inc. (M) is profitable, generating $667.0M in net income for fiscal year 2025 (2.8% net margin).
Dividend & Returns
Yes, Macy's, Inc. (M) pays a dividend with a yield of 2.95%. This makes it attractive for income-focused investors.
Macy's, Inc. (M) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.
Macy's, Inc. (M) generated $1.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.