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MMacy's, Inc.
$23.08$6.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
M logo

Macy's, Inc.

M
NYSE · Apparel & Department Stores
$23.08
At close - Nov 6, 4:00 PM EST - USD
Market Cap$6.07B
P/E8.4x
52W High$26.59
Volume5.61M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Turnaround Leverage Emerges Amid Structural Headwinds

Macy's appears to be in the early stages of a operational turnaround, with operating margin expanding to 5.0% in the latest quarter from 3.1% a year ago, driven by store rationalization and modest leverage on a now near-flat revenue base.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

M price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-50% Peers

P/E is 50% below peer median

03

Market leadership

RS 76 · Avg

Average momentum (RS Rating: 76)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystConfirmed earnings · Dec 2
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has stabilized at 1.2% YoY in the latest quarter, while operating margin expanded to 5.0% from 3.1% a year ago, suggesting early-stage leverage from restructuring efforts.

Analyst Consensus+5.1% target
Hold(41 analysts)
13 Buy21 Hold7 Sell

The Bull Case

Upside Catalysts

Omni-channel retail ecosystem

Macy's operates a nationwide, omni-channel ecosystem that enables a seamless shopping experience across its portfolio of brands.

Diverse brand portfolio

The company's portfolio includes well-known nameplates like Macy's, Bloomingdale's, and Bluemercury, catering to various customer segments.

Strong online presence

Macy's offers free shipping and online deals, enhancing its e-commerce capabilities and customer convenience.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
M+3.98%
S&P 500 (^GSPC)+7.63%
1-Year Return
M+17.08%
S&P 500 (^GSPC)+9.69%
3-Year Return
M+101.47%
S&P 500 (^GSPC)+61.12%
5-Year Return
M-15.05%
S&P 500 (^GSPC)+51.17%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
8.4x
Forward P/E
10.5x
EV/EBITDA80th %ile
5.1x
FCF YieldCash Flow
24.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
8.4x
7.5x
60th· Fair
EV/EBITDA
5.1x
4.9x
80th· High
Price/FCF
4.1x
5.8x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$39.92+73.0%
Base (Fair)$78.90+241.9%
Bull$140.58+509.1%
$39.92 Bear$78.90 Base$140.58 Bull
Current Market Price: $23.08
Trades at a 70.7% discount to Base DCF ($78.90)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$22.62B-1.7% YoY
Net income FY25
$642M+10.3% YoY
Free cash flow FY25
$1.06B+39.1% YoY
Operating margin FY25
4.6%+0.6 pts YoY
ROIC (FY25)8.7%
Avg ROIC 5Y10.4%
ROE (TTM)15.8%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 10, 2026
$0.63+70.0%
vs $0.37
$4.9B+1.3%
vs $4.8B
Q3 2026
Jun 3, 2026
$0.13+324.3%
vs $0.03
$4.7B+1.5%
vs $4.6B
Q2 2026
Mar 18, 2026
$1.67+9.2%
vs $1.53
$7.6B+1.8%
vs $7.5B
Q4 2025
Dec 3, 2025
$0.09+168.8%
vs -$0.13
$4.9B+7.9%
vs $4.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Newsfile Corp·Oct 28, 2026
Myriad Uranium Announces Further Strong Phase II Drill Results from Copper Mountain

Vancouver, British Columbia--(Newsfile Corp. - October 28, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce preliminary gamma probe equivalent uranium (eU₃O₈) results from five boreholes recently drilled at Hesitation and Arrowhead, two of six tightly clustered historical uranium deposits at the Company's 100%-owned Copper Mountain Uranium Project in central Wyoming (see Figures 1 and 2). Copper Mountain was historically advanced by Union Pacific and Southern California Edison planned to develop Copper Mountain as a large-scale conventional mining operation beginning in 1983 but shelved those plans after the 1979 Three Mile Island accident stalled U.S. nuclear development for decades.

Newsfile Corp·Oct 27, 2026
Myriad Uranium Corp. to Present at the Red Cloud Fall Mining Showcase

Toronto, Ontario--(Newsfile Corp. - October 27, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF), a company focused on unlocking strategic uranium deposits, is pleased to announce that it will present at Red Cloud's Fall Mining Showcase 2026. Shareholders and interested parties are invited to attend the event and learn more about the company's latest developments.

Business Wire·Oct 27, 2026
Macy's Unwraps the Magic of Holiday Gifting

NEW YORK--(BUSINESS WIRE)--Macy's is delivering a more thoughtful approach to shopping this holiday season, bringing together its Top 100 Gifts, expert Gift Guide and an expansive assortment designed to help customers recognize the people who matter most. Through its There's Magic Inside campaign, beloved brands and new discoveries pair with helpful guidance and convenient ways to shop - making it easier to find meaningful gifts across fashion, beauty, home, toys, tech, food, décor and more. “T.

Zacks Investment Research·Oct 26, 2026
Macy's (M) Stock Falls Amid Market Uptick: What Investors Need to Know

In the most recent trading session, Macy's (M) closed at $23.59, indicating a -2.12% shift from the previous trading day.

Filtered for Macy's, Inc.More Headlines
04

Compare before deciding

Benchmark M against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Macy's, Inc. (M)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
M logoMMacy's, Inc.Current
$23.08$6.07B8.38-1.67%3.29%15.81%3.09%
KSS logoKSSKohl's Corporation
$23.04$2.59B10.07-4.28%1.75%6.68%2.11%
DDS logoDDSDillard's, Inc.
$607.62$9.49B13.89-0.41%10.34%34.24%5.11%
BKE logoBKEThe Buckle, Inc.
$41.96$2.16B9.696.58%16.62%46.91%10.58%
SKY logoSKYChampion Homes, Inc.
$91.40$5.02B26.357.26%7.16%12.11%—
TJX logoTJXThe TJX Companies, Inc.
$135.30$149.47B24.917.12%9.73%59.77%1.21%

Compare M vs Peers

Macy's, Inc. (M) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KSS

Most directly comparable listed peer for M.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare M against a more recognizable public peer.

Peer Set

Compare Top 5

vs KSS, DDS, BKE, SKY

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

M SEC Filings & Documents

Macy's, Inc. (M) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Sep 10, 2026·SEC

Material company update

Jun 3, 2026·SEC

Material company update

May 18, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 27, 2026·SEC

FY 2025

Mar 21, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Sep 10, 2026·SEC

FY 2026

Jun 4, 2026·SEC

FY 2025

Dec 10, 2025·SEC

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M Frequently Asked Questions

Macy's, Inc. (M) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Macy's, Inc.'s revenue?

Macy's, Inc. (M) reported $22.78B in revenue over the trailing twelve months. Revenue was $22.62B in fiscal year 2025. That is 49% more than the $15.23B of fiscal year 1996.

How fast is Macy's, Inc. growing?

Macy's, Inc. (M) grew revenue by 0.3% over the trailing twelve months, compared with the twelve months before.

Is M profitable?

Yes. Macy's, Inc. (M) earned $749.0M in net income over the trailing twelve months (a 3.3% net margin).

Dividend & Returns
Does M pay dividends?

Yes. Macy's, Inc. (M) pays a dividend that yields 3.09% at the current price, a moderate yield.

What is M's return on equity?

Macy's, Inc. (M) had a return on equity (ROE) of 15.8% over the trailing twelve months. That is above the market's typical 10-15%.

What is Macy's, Inc.'s free cash flow?

Macy's, Inc. (M) generated $1.49B in free cash flow over the trailing twelve months.

What if you invested $1,000 in M back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →