Macy's, Inc. (M) quarterly balance sheet — complete assets, liabilities & equity history
Macy's, Inc. (M) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 6.39B | 6.9B | 6.67B | 7.38B | 5.83B | 6.29B | 6.48B | 7.25B | 5.71B | 6.26B | 6.09B | 7.07B | 5.27B | 5.86B | 5.85B | 7.35B | 5.52B | 6.23B | 6.76B | 7.59B |
| Cash & Short-Term Investments | 1.29B | 1.29B | 1.25B | 447M | 829M | 932M | 1.31B | 315M | 646M | 876M | 1.03B | 364M | 438M | 603M | 862M | 326M | 300M | 672M | 1.71B | 316M |
| Cash Only | 1.29B | 1.29B | 1.25B | 447M | 829M | 932M | 1.31B | 315M | 646M | 876M | 1.03B | 364M | 438M | 603M | 862M | 326M | 300M | 672M | 1.71B | 316M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 309M | 302M | 628M | 187M | 224M | 251M | 320M | 258M | 280M | 257M | 293M | 291M | 293M | 255M | 300M | 204M | 219M | 233M | 297M | 212M |
| Days Sales Outstanding | 5.5 | 8.65 | 4.68 | 3.81 | 4.32 | 5.42 | 3.25 | 4.99 | 4.79 | 5.17 | 3.31 | 5.27 | 4.72 | 4.72 | 2.78 | 3.52 | 3.53 | 4.24 | 2.65 | 3.49 |
| Inventory | 4.45B | 4.83B | 4.41B | 6.3B | 4.34B | 4.66B | 4.47B | 6.26B | 4.38B | 4.69B | 4.36B | 6.03B | 4.13B | 4.61B | 4.27B | 6.4B | 4.61B | 4.96B | 4.38B | 6.14B |
| Days Inventory Outstanding | 138.29 | 147.08 | 83.96 | 169.57 | 141.29 | 148.64 | 96.7 | 168.96 | 140.39 | 144.35 | 97.19 | 159.04 | 125.15 | 130.67 | 92.02 | 156.4 | 127.19 | 128.62 | 88.86 | 148.11 |
| Other Current Assets | 337M | 467M | 387M | 453M | 430M | 445M | 385M | 416M | 403M | 442M | 401M | 390M | 411M | 0 | 0 | 415M | 387M | 144M | 159M | 732M |
| Total Non-Current Assets | 9.34B | 9.41B | 9.56B | 9.68B | 9.73B | 9.8B | 9.92B | 10.05B | 10.13B | 10.19B | 10.16B | 11.04B | 11.03B | 11.01B | 11.01B | 10.88B | 10.83B | 10.74B | 10.83B | 10.69B |
| Property, Plant & Equipment | 6.64B | 6.72B | 6.88B | 7.05B | 7.11B | 7.19B | 7.31B | 7.48B | 7.58B | 7.65B | 7.61B | 8.6B | 8.57B | 8.58B | 8.6B | 8.53B | 8.37B | 8.34B | 8.47B | 8.41B |
| Fixed Asset Turnover | 0.76x | 0.72x | 1.14x | 0.69x | 0.70x | 0.66x | 1.08x | 0.65x | 0.67x | 0.66x | 1.03x | 0.59x | 0.62x | 0.60x | 1.00x | 0.65x | 0.70x | 0.66x | 1.06x | 0.67x |
| Goodwill | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M | 828M |
| Intangible Assets | 417M | 419M | 420M | 421M | 423M | 424M | 425M | 426M | 428M | 429M | 430M | 431M | 431M | 432M | 432M | 433M | 433M | 434M | 435M | 435M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.46B | 1.44B | 1.44B | 1.38B | 1.36B | 1.36B | 1.36B | 1.31B | 1.29B | 1.28B | 1.29B | 1.19B | 1.21B | 1.17B | 1.16B | 1.09B | 1.19B | 1.14B | 1.1B | 1.02B |
| Total Assets | 15.73B | 16.31B | 16.24B | 17.06B | 15.55B | 16.09B | 16.4B | 17.29B | 15.83B | 16.45B | 16.25B | 18.11B | 16.3B | 16.87B | 16.87B | 18.23B | 16.34B | 16.97B | 17.59B | 18.28B |
| Asset Turnover | 0.32x | 0.30x | 0.48x | 0.30x | 0.32x | 0.30x | 0.48x | 0.30x | 0.32x | 0.31x | 0.49x | 0.29x | 0.32x | 0.31x | 0.49x | 0.32x | 0.35x | 0.32x | 0.50x | 0.31x |
| Asset Growth % | 1.13% | 1.35% | -1% | -1.32% | -1.78% | -2.19% | 0.96% | -4.52% | -2.89% | -2.48% | -3.68% | -0.65% | -0.23% | -0.61% | -4.12% | -0.27% | -11.27% | -6.14% | -0.66% | -4.87% |
| Total Current Liabilities | 4.02B | 4.67B | 4.49B | 5.89B | 4.22B | 4.39B | 4.52B | 5.77B | 3.87B | 4.55B | 4.53B | 6.01B | 4.18B | 4.78B | 4.86B | 6.74B | 4.71B | 5.54B | 5.42B | 6.67B |
| Accounts Payable | 3.56B | 4.6B | 4.42B | 5.89B | 4.01B | 4.35B | 2.75B | 5.68B | 3.86B | 4.43B | 2.66B | 5.85B | 4.18B | 4.65B | 2.87B | 6.54B | 4.68B | 5.32B | 3.28B | 6.53B |
| Days Payables Outstanding | 121.57 | 143.6 | 80.82 | 157.79 | 131.28 | 115.58 | 75.98 | 151.59 | 128.48 | 113.19 | 79.67 | 157.22 | 126.53 | 110.77 | 81.18 | 159.39 | 133.04 | 118.46 | 82.84 | 165.53 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 194M | 6M | 6M | 92M | 6M | 0 | 0 | 160M | 0 | 0 | 0 | 183M | 0 | 0 | 0 | 140M |
| Deferred Revenue (Current) | 298M | 0 | 0 | 0 | 0 | 0 | 353M | 0 | 0 | 0 | 384M | 0 | 0 | 0 | 399M | 0 | 0 | 0 | 481M | 0 |
| Other Current Liabilities | 122M | 0 | 0 | 0 | 0 | 0 | 357M | 0 | 0 | 0 | 384M | 0 | 0 | 0 | 43M | 0 | 0 | 0 | 438M | 0 |
| Current Ratio | 1.59x | 1.48x | 1.49x | 1.25x | 1.38x | 1.43x | 1.43x | 1.26x | 1.48x | 1.38x | 1.34x | 1.18x | 1.26x | 1.22x | 1.20x | 1.09x | 1.17x | 1.12x | 1.25x | 1.14x |
| Quick Ratio | 0.48x | 0.44x | 0.50x | 0.18x | 0.35x | 0.37x | 0.44x | 0.17x | 0.34x | 0.35x | 0.38x | 0.17x | 0.27x | 0.26x | 0.33x | 0.14x | 0.19x | 0.23x | 0.44x | 0.22x |
| Cash Conversion Cycle | 22.21 | 12.13 | 7.82 | 15.58 | 14.33 | 38.48 | 23.97 | 22.36 | 16.7 | 36.33 | 20.83 | 7.09 | 3.35 | 24.63 | 13.62 | 0.52 | -2.33 | 14.4 | 8.67 | -13.94 |
| Total Non-Current Liabilities | 6.78B | 6.79B | 6.88B | 6.85B | 6.88B | 7.25B | 7.33B | 7.37B | 7.66B | 7.71B | 7.68B | 7.95B | 7.91B | 7.92B | 7.92B | 8.01B | 8.1B | 8.15B | 8.55B | 8.6B |
| Long-Term Debt | 2.43B | 2.43B | 2.43B | 2.43B | 2.43B | 2.77B | 2.77B | 2.77B | 2.99B | 3B | 3B | 3B | 3B | 3B | 3B | 3B | 3B | 2.99B | 3.29B | 3.29B |
| Capital Lease Obligations | 2.66B | 2.68B | 2.77B | 2.81B | 2.85B | 2.88B | 2.93B | 2.96B | 3.01B | 3.03B | 2.99B | 3.03B | 2.98B | 3B | 2.96B | 2.99B | 3.01B | 3.03B | 3.1B | 3.09B |
| Deferred Tax Liabilities | 828M | 828M | 805M | 727M | 723M | 721M | 724M | 712M | 725M | 749M | 745M | 925M | 933M | 916M | 947M | 884M | 948M | 968M | 983M | 970M |
| Other Non-Current Liabilities | 862M | 858M | 876M | 878M | 871M | 872M | 902M | 927M | 932M | 932M | 950M | 997M | 1B | 1.01B | 1.02B | 1.14B | 1.15B | 1.16B | 1.18B | 1.25B |
| Total Liabilities | 10.8B | 11.47B | 11.38B | 12.74B | 11.1B | 11.64B | 11.85B | 13.15B | 11.53B | 12.26B | 12.21B | 13.97B | 12.09B | 12.7B | 12.78B | 14.76B | 12.81B | 13.69B | 13.97B | 15.27B |
| Total Debt | 5.09B | 5.11B | 5.2B | 5.24B | 5.48B | 5.66B | 5.71B | 5.83B | 6.01B | 6.03B | 5.98B | 6.19B | 5.97B | 5.99B | 6.4B | 6.17B | 6B | 6.02B | 6.83B | 6.53B |
| Net Debt | 3.79B | 3.81B | 3.96B | 4.8B | 4.65B | 4.73B | 4.4B | 5.51B | 5.37B | 5.16B | 4.95B | 5.83B | 5.53B | 5.39B | 5.54B | 5.84B | 5.7B | 5.35B | 5.11B | 6.21B |
| Debt / Equity | 1.03x | 1.06x | 1.07x | 1.21x | 1.23x | 1.27x | 1.25x | 1.40x | 1.40x | 1.44x | 1.48x | 1.49x | 1.42x | 1.44x | 1.57x | 1.77x | 1.70x | 1.84x | 1.89x | 2.17x |
| Debt / EBITDA | 11.14x | 17.62x | 5.42x | 18.93x | 14.69x | 18.10x | 7.89x | 19.95x | 13.82x | 17.69x | 37.17x | 19.65x | 17.62x | 12.97x | 7.15x | 14.79x | 9.91x | 9.00x | 5.59x | 8.73x |
| Net Debt / EBITDA | 8.30x | 13.16x | 4.12x | 17.31x | 12.47x | 15.12x | 6.09x | 18.87x | 12.34x | 15.12x | 30.75x | 18.50x | 16.32x | 11.66x | 6.18x | 14.01x | 9.41x | 8.00x | 4.19x | 8.31x |
| Interest Coverage | 10.87x | 4.72x | 38.25x | 1.20x | 5.60x | 3.52x | 21.76x | 2.09x | 7.29x | 4.16x | -2.78x | 2.23x | 0.17x | 6.70x | 15.81x | 3.98x | 9.67x | 9.34x | 21.89x | 6.55x |
| Total Equity | 4.93B | 4.84B | 4.86B | 4.33B | 4.45B | 4.45B | 4.55B | 4.15B | 4.3B | 4.19B | 4.04B | 4.14B | 4.21B | 4.17B | 4.08B | 3.48B | 3.53B | 3.28B | 3.62B | 3.01B |
| Equity Growth % | 10.72% | 8.67% | 6.77% | 4.36% | 3.44% | 6.33% | 12.81% | 0.07% | 2.21% | 0.38% | -1.15% | 19.25% | 19.23% | 27.21% | 12.73% | 15.53% | 12.24% | 22.54% | 41.83% | 34.11% |
| Book Value per Share | 18.12 | 17.74 | 17.58 | 15.76 | 15.99 | 15.86 | 16.11 | 14.73 | 15.28 | 14.90 | 14.67 | 14.93 | 15.38 | 15.01 | 14.66 | 12.51 | 12.73 | 11.27 | 11.88 | 9.59 |
| Total Shareholders' Equity | 4.93B | 4.84B | 4.86B | 4.33B | 4.45B | 4.45B | 4.55B | 4.15B | 4.3B | 4.19B | 4.04B | 4.14B | 4.21B | 4.17B | 4.08B | 3.48B | 3.53B | 3.28B | 3.62B | 3.01B |
| Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M |
| Retained Earnings | 7.07B | 6.49B | 6.94B | 6.43B | 6.52B | 6.49B | 6.5B | 6.16B | 6.33B | 6.23B | 6.09B | 6.26B | 6.31B | 6.38B | 6.27B | 5.76B | 5.74B | 5.51B | 5.27B | 4.52B |
| Treasury Stock | -1.96B | -1.82B | -1.96B | -1.92B | -1.87B | -1.82B | -1.8B | -1.81B | -1.81B | -1.84B | -1.91B | -1.93B | -1.93B | -1.97B | -2.04B | -2.05B | -2.05B | -2.09B | -1.54B | -1.36B |
| Accumulated OCI | -390M | -449M | -392M | -448M | -449M | -449M | -449M | -496M | -496M | -496M | -496M | -559M | -526M | -617M | -618M | -707M | -615M | -618M | -622M | -661M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |