Macy's, Inc. (M)
Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells various merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and Bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. 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.
- Symbol
- M
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- Market cap
- $6.00B
- 52 week range
- 16.41 - 26.59
Valuation
- Share price
- $22.24 (close of 2026-09-23)
- P/E (TTM)
- 8.16x
- Price to book
- 1.22x
- Price to free cash flow
- 4.25x
- Enterprise value
- $9.80B
- Book value per share
- $18.69
Price performance
| Period | Change |
|---|
| 1 day | +0.23% |
| 5 days | +0.72% |
| 1 month | -2.54% |
| 3 months | -7.14% |
| 6 months | +23.35% |
| Year to date | +0.86% |
| 1 year | +29.83% |
| 3 years | +104.60% |
| 5 years | -4.01% |
| 10 years | -39.27% |
| All time | +157.71% |
Profitability and growth
- Return on equity
- 13.21%
- Return on invested capital
- 9.33%
- Return on assets
- 3.95%
- Return on capital employed
- 8.77%
- Gross margin
- 37.98%
- Net margin
- 2.95%
- EBITDA margin
- 8.84%
- Revenue growth
- -2.37%
- Net income growth
- 10.31%
- Free cash flow growth
- 39.08%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 23.55%
- Current ratio
- 1.59x
- Net debt to EBITDA
- 1.94x
Latest reported year
- Period end
- 2026-01-31
- Fiscal year
- 2026
- Revenue
- $21.76B
- Cost of revenue
- $13.50B
- Gross profit
- $8.27B
- EBITDA
- $1.92B
- Net income
- $642.00M
- Earnings per share
- $2.37
- Interest expense
- $139.00M
- Shares outstanding
- 270.60M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-01-31 | $21.76B | $8.27B | $642.00M | $2.37 |
| 2025-02-01 | $22.29B | $8.55B | $582.00M | $2.10 |
| 2024-02-03 | $23.09B | $8.87B | $45.00M | $0.16 |
| 2023-01-28 | $24.44B | $9.10B | $1.15B | $4.17 |
| 2022-01-29 | $24.46B | $9.50B | $1.43B | $4.66 |
| 2021-01-30 | $17.35B | $5.06B | $-3.94B | $-12.68 |
| 2020-02-01 | $24.56B | $9.39B | $564.00M | $1.82 |
| 2019-02-02 | $24.97B | $9.76B | $1.11B | $3.60 |
| 2018-02-03 | $24.94B | $9.69B | $1.57B | $5.13 |
| 2017-01-28 | $25.91B | $10.16B | $627.00M | $2.03 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-01-31 | 37.98% | 2.95% | 13.21% | 9.33% |
| 2025-02-01 | 38.37% | 2.61% | 12.79% | 8.13% |
| 2024-02-03 | 38.40% | 0.19% | 1.12% | 3.35% |
| 2023-01-28 | 37.21% | 4.69% | 28.37% | 14.86% |
| 2022-01-29 | 38.86% | 5.85% | 39.61% | 22.20% |
| 2021-01-30 | 29.17% | -22.74% | -154.48% | -40.18% |
| 2020-02-01 | 38.23% | 2.30% | 8.84% | 6.11% |
| 2019-02-02 | 39.07% | 4.44% | 17.22% | 14.56% |
| 2018-02-03 | 38.83% | 6.28% | 27.32% | 18.55% |
| 2017-01-28 | 39.20% | 2.42% | 14.33% | 10.43% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-01-31 | $1.25B | - |
| 2025-02-01 | $1.31B | - |
| 2024-02-03 | $1.03B | $3.00B |
| 2023-01-28 | $862.00M | $3.00B |
| 2022-01-29 | $1.71B | $3.29B |
| 2021-01-30 | $1.68B | $4.32B |
| 2020-02-01 | $685.00M | $3.70B |
| 2019-02-02 | $1.16B | $4.41B |
| 2018-02-03 | $1.46B | $5.75B |
| 2017-01-28 | $1.30B | $6.44B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-01-31 | $1.06B | $59.00M |
| 2025-02-01 | $760.00M | $58.00M |
| 2024-02-03 | $674.00M | $47.00M |
| 2023-01-28 | $727.00M | $54.00M |
| 2022-01-29 | $2.36B | $55.00M |
| 2021-01-30 | $311.00M | $31.00M |
| 2020-02-01 | $706.00M | $38.00M |
| 2019-02-02 | $1.08B | $63.00M |
| 2018-02-03 | $1.49B | $58.00M |
| 2017-01-28 | $1.21B | $61.00M |
Dividend history
- Most recent payment
- 2026-09-15
- Paid in the last twelve months
- $0.76
| Payment date | Dividend per share |
|---|
| 2026-09-15 | $0.19 |
| 2026-06-15 | $0.19 |
| 2026-03-13 | $0.19 |
| 2025-12-15 | $0.18 |
| 2025-09-15 | $0.18 |
| 2025-06-13 | $0.18 |
| 2025-03-14 | $0.18 |
| 2024-12-13 | $0.17 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-09-10 | Jul/2026 | $0.37 |
| 2026-06-03 | - | - |
| 2026-03-18 | - | - |
| 2025-12-03 | - | - |
| 2025-09-03 | - | - |
| 2025-05-28 | - | - |
| 2025-03-06 | - | - |
| 2024-12-11 | - | - |
Filings and sources
- Company website
- macysinc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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