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.

Ticker: M
Exchange: NYSE
Sector: Consumer Cyclical
Industry: Department Stores
Market cap: $6.08B
52-week range: $16.69 - $26.59

Valuation

Share price: $23.08 (close of Nov 6, 2026)
P/E (TTM): 8.27x
Price to book: 1.23x
Price to free cash flow: 4.30x
Enterprise value: $9.88B
Book value per share: $18.69

Price performance

Period	Change
1 day	-4.59%
5 days	-4.27%
1 month	+2.76%
3 months	-8.16%
6 months	+16.45%
Year to date	+4.67%
1 year	+13.36%
3 years	+84.20%
5 years	-26.36%
10 years	-37.37%
All time	+167.59%

Short interest

As of: Oct 15, 2026
Short % of float: 14.84%
Shares short: 34.72M
Days to cover: 5.04
Change since prior report: +4.64%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 13.21%
Return on invested capital: 8.18%
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): 23.24%
Current ratio: 1.59x
Net debt to EBITDA: 1.94x

Latest reported year

Period end: Jan 31, 2026
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%	8.18%
2025-02-01	38.37%	2.61%	12.79%	7.10%
2024-02-03	38.40%	0.19%	1.12%	3.00%
2023-01-28	37.21%	4.69%	28.37%	13.58%
2022-01-29	38.86%	5.85%	39.61%	18.52%
2021-01-30	29.17%	-22.74%	-154.48%	-33.88%
2020-02-01	38.23%	2.30%	8.84%	5.81%
2019-02-02	39.07%	4.44%	17.22%	13.01%
2018-02-03	38.83%	6.28%	27.32%	16.20%
2017-01-28	39.20%	2.42%	14.33%	9.22%

Cash and debt by year

Period end	Cash	Debt
2026-01-31	$1.25B	$2.43B
2025-02-01	$1.31B	$2.77B
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: Sep 15, 2026
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

Next earnings report

Next confirmed report: Dec 2, 2026
Consensus EPS estimate: $-0.19

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-09-10	Jul 2026	$0.37
2026-06-03	Apr 2026	$0.02
2026-03-18	Jan 2026	$1.53
2025-12-03	Oct 2025	-$0.13
2025-09-03	Jul 2025	$0.19
2025-05-28	Apr 2025	$0.14
2025-03-06	Jan 2025	$1.55
2024-12-11	Oct 2024	$0.07

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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