Last 48 quarters of trend data · Consumer Cyclical · Department Stores
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | 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 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.19 | 21.40 | 2.73 | 121.81 | 9.97 | 21.34 | 3.22 | 38.37 | 7.51 | 22.18 | — | 19.47 | — | 7.29 | 3.23 | 13.47 | 4.46 | 6.17 | 2.62 | 8.71 | 3.94 |
| — | +0.3% | -15.0% | +217.5% | +32.7% | -3.8% | — | +97.1% | — | +204.1% | — | +44.5% | — | +18.3% | +23.1% | +54.7% | +13.3% | -52.4% | -65.1% | — | — | |
| P/S Ratio | 0.30 | 0.27 | 0.17 | 0.27 | 0.17 | 0.17 | 0.14 | 0.22 | 0.22 | 0.27 | 0.15 | 0.16 | 0.21 | 0.22 | 0.19 | 0.27 | 0.21 | 0.32 | 0.22 | 0.37 | 0.23 |
| — | +56.8% | +27.2% | +24.3% | -21.8% | -36.2% | -8.4% | +36.2% | +4.3% | +25.0% | -22.2% | -39.7% | +0.5% | -30.5% | -11.7% | -27.4% | -9.4% | +16.4% | +29.1% | +218.2% | +83.2% | |
| P/B Ratio | 1.48 | 1.11 | 1.14 | 1.24 | 0.77 | 0.75 | 0.97 | 1.04 | 1.04 | 1.31 | 1.25 | 0.78 | 1.06 | 1.09 | 1.61 | 1.68 | 1.39 | 2.14 | 2.15 | 2.76 | 1.72 |
| — | +47.3% | +17.8% | +19.3% | -25.9% | -42.5% | -22.4% | +32.5% | -1.5% | +20.4% | -22.7% | -53.4% | -23.7% | -49.2% | -25.2% | -39.2% | -19.5% | +8.6% | +15.5% | +220.5% | +112.2% | |
| P/FCF | 6.46 | 6.58 | 1.19 | — | 3.58 | — | 0.93 | — | — | — | 1.39 | — | — | — | 2.02 | — | — | — | 1.18 | — | 3.98 |
| — | — | +29.0% | — | — | — | -33.5% | — | — | — | -31.0% | — | — | — | +71.7% | — | — | — | -67.9% | — | -76.3% | |
| EV / EBITDA | 5.61 | 7.92 | 2.47 | 9.16 | 5.42 | 6.46 | 3.04 | 8.40 | 5.66 | 7.80 | 15.50 | 7.20 | 7.37 | 5.37 | 3.38 | 7.00 | 4.37 | 4.63 | 2.64 | 4.86 | 3.43 |
| — | +22.6% | -18.9% | +9.1% | -4.2% | -17.2% | -80.4% | +16.7% | -23.1% | +45.2% | +357.9% | +2.8% | +68.5% | +16.1% | +28.0% | +44.1% | +27.4% | -29.4% | -40.9% | -73.5% | — | |
| EV / EBIT | 10.47 | 19.46 | 3.10 | 84.57 | 14.45 | 21.28 | 4.82 | 36.60 | 10.90 | 20.62 | — | 29.07 | 416.20 | 10.01 | 4.45 | 17.48 | 6.53 | 7.05 | 3.14 | 10.46 | 5.29 |
| — | -8.6% | -35.6% | +131.0% | +32.6% | +3.2% | — | +25.9% | -97.4% | +106.1% | — | +66.3% | +6277.0% | +41.9% | +41.9% | +67.1% | +23.4% | -46.3% | -55.7% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | 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 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.5% | 41.5% | 26.7% | 41.9% | 42.0% | 41.7% | 37.7% | 41.6% | 42.3% | 41.1% | 39.4% | 42.3% | 39.8% | 42.2% | 36.1% | 41.4% | 41.3% | 41.9% | 38.3% | 43.3% | 42.6% |
| — | -0.4% | -29.2% | +0.7% | -0.8% | +1.5% | -4.4% | -1.8% | +6.3% | -2.7% | +9.2% | +2.3% | -3.6% | +0.7% | -5.9% | -4.3% | -3.0% | +3.3% | +6.2% | +12.1% | +57.4% | |
| Operating Margin | 4.6% | 1.6% | 9.3% | 0.9% | 3.1% | 2.0% | 6.2% | 1.3% | 4.4% | 2.5% | -0.8% | 1.6% | 2.3% | 4.7% | 7.9% | 3.5% | 6.8% | 8.3% | 11.4% | 9.3% | 10.2% |
| — | -16.6% | +49.8% | -34.5% | -28.8% | -21.6% | +835.1% | -20.8% | +85.5% | -47.0% | -110.7% | -53.1% | -65.7% | -43.3% | -30.2% | -62.0% | -33.1% | +88.3% | +99.5% | +404.9% | +160.3% | |
| Net Margin | 2.8% | 1.3% | 6.4% | 0.2% | 1.7% | 0.8% | 4.3% | 0.6% | 2.9% | 1.2% | -0.8% | 0.8% | -0.4% | 3.0% | 6.0% | 2.0% | 4.7% | 5.1% | 8.3% | 4.2% | 5.9% |
| — | +62.4% | +49.7% | -60.8% | -40.9% | -36.1% | +611.0% | -29.8% | +806.4% | -58.6% | -114.0% | -58.8% | -108.8% | -41.7% | -28.2% | -53.3% | -20.2% | +142.7% | +265.9% | +294.4% | +151.0% |
| Metric | TTM | 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 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.6% | 1.3% | 11.0% | 0.3% | 2.0% | 0.8% | 7.9% | 0.7% | 3.5% | 1.5% | -1.7% | 1.0% | -0.5% | 3.8% | 13.5% | 3.1% | 8.1% | 8.3% | 22.4% | 7.8% | 11.9% |
| — | +53.9% | +40.1% | -62.2% | -44.7% | -44.0% | +559.4% | -32.5% | +773.0% | -59.9% | -112.7% | -68.2% | -106.5% | -54.7% | -39.9% | -60.3% | -31.9% | +110.4% | +236.0% | +294.9% | +169.0% | |
| ROA | 3.9% | 0.4% | 3.0% | 0.1% | 0.5% | 0.2% | 2.0% | 0.2% | 0.9% | 0.4% | -0.4% | 0.2% | -0.1% | 0.9% | 2.9% | 0.6% | 1.7% | 1.7% | 4.1% | 1.3% | 1.9% |
| — | +65.5% | +49.7% | -60.1% | -40.8% | -38.3% | +598.2% | -29.0% | +800.8% | -58.7% | -114.0% | -61.9% | -108.0% | -44.5% | -30.0% | -52.0% | -12.7% | +187.5% | +378.0% | +363.6% | +179.4% | |
| ROIC | 8.7% | 0.7% | 6.2% | 0.3% | 1.3% | 0.8% | 4.0% | 0.5% | 1.8% | 1.0% | -0.6% | 0.6% | 1.0% | 1.9% | 5.4% | 1.6% | 3.4% | 4.0% | 8.5% | 4.3% | 5.0% |
| — | -11.7% | +53.6% | -30.4% | -27.4% | -24.0% | +815.9% | -21.3% | +81.8% | -46.4% | -110.5% | -59.3% | -71.2% | -52.3% | -36.8% | -64.1% | -33.3% | +124.4% | +161.5% | +529.3% | +202.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | 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 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.07 | 1.06 | 1.07 | 1.21 | 1.23 | 1.27 | 1.25 | 1.40 | 1.40 | 1.44 | 1.48 | 1.49 | 1.42 | 1.44 | 1.57 | 1.77 | 1.70 | 1.84 | 1.89 | 2.17 | 2.52 |
| — | -17.0% | -14.6% | -13.8% | -11.9% | -11.7% | -15.5% | -6.0% | -1.5% | +0.3% | -5.4% | -15.8% | -16.6% | -21.8% | -16.9% | -18.2% | -32.6% | -38.7% | -42.2% | -43.8% | -32.3% | |
| Debt / EBITDA | 2.70 | 17.62 | 5.42 | 18.93 | 14.69 | 18.10 | 7.89 | 19.95 | 13.82 | 17.69 | 37.17 | 19.65 | 17.62 | 12.97 | 7.15 | 14.79 | 9.91 | 9.00 | 5.59 | 8.73 | 9.71 |
| — | -2.6% | -31.4% | -5.1% | +6.3% | +2.3% | -78.8% | +1.5% | -21.5% | +36.4% | +420.0% | +32.9% | +77.8% | +44.0% | +27.9% | +69.3% | +2.0% | -50.7% | -57.2% | -87.6% | — | |
| Current Ratio | 1.49 | 1.48 | 1.49 | 1.25 | 1.38 | 1.43 | 1.43 | 1.26 | 1.48 | 1.38 | 1.34 | 1.18 | 1.26 | 1.22 | 1.20 | 1.09 | 1.17 | 1.12 | 1.25 | 1.14 | 1.14 |
| — | +2.9% | +3.7% | -0.1% | -6.4% | +4.2% | +6.6% | +6.8% | +17.1% | +12.4% | +11.6% | +7.9% | +7.5% | +8.9% | -3.5% | -4.2% | +3.1% | -14.3% | +8.1% | +2.9% | -2.1% | |
| Quick Ratio | 0.50 | 0.44 | 0.50 | 0.18 | 0.35 | 0.37 | 0.44 | 0.17 | 0.34 | 0.35 | 0.38 | 0.17 | 0.27 | 0.26 | 0.33 | 0.14 | 0.19 | 0.23 | 0.44 | 0.22 | 0.49 |
| — | +18.9% | +13.2% | +7.8% | +2.3% | +7.2% | +16.6% | -1.4% | +25.9% | +32.6% | +16.9% | +24.0% | +41.8% | +13.3% | -25.6% | -35.5% | -61.1% | -57.8% | -2.5% | -34.7% | +17.1% | |
| Interest Coverage | 9.75 | 4.72 | 38.25 | 1.20 | 5.60 | 3.52 | 21.76 | 2.09 | 7.29 | 4.16 | -2.78 | 2.23 | 0.17 | 6.70 | 15.81 | 3.98 | 9.67 | 9.34 | 21.89 | 6.55 | 6.63 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying M stock.
Macy's, Inc.'s current P/E is 11.2x. The average P/E over the last 4 quarters is 39.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Macy's, Inc.'s current operating margin is 4.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Macy's, Inc.'s business trajectory between earnings reports.