Saturday 17 October 2026
Export M’s income statement to Excel — free account
Macy's, Inc.
M Consumer Cyclical Department Stores
Macy's, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $22.6 billion, down 1.67% from fiscal 2025. In the quarter to July 2026, revenue grew 1.20%, EPS grew 100.0%, free cash flow fell 17.4% and total debt fell 7.35%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
24.00
0.22
−0.91%
Follow M
| Jan '17 | Jan '18 | Jan '19 | Jan '20 | Jan '21 | Jan '22 | Jan '23 | Jan '24 | Jan '25 | Jan '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
8 | 7 | 6 | 4 | 2 | 9 | 6 | 6 | 6 | 8 |
P/E ratio |
14.70 | 5.12 | 7.33 | 8.73 | 0.00 | 5.44 | 5.51 | 102.93 | 7.45 | 8.79 |
Altman Z-Score |
2.47 | 2.64 | 2.75 | 2.14 | 0.74 | 2.73 | 2.73 | 2.42 | 2.50 | 2.65 |
P/S ratio |
0.34 | 0.31 | 0.31 | 0.20 | 0.25 | 0.31 | 0.26 | 0.21 | 0.19 | 0.25 |
Altman Z″-Score (non-manufacturers) |
2.41 | 3.11 | 3.26 | 2.32 | (0.49) | 2.65 | 2.61 | 2.32 | 2.85 | 3.15 |
P/FCF ratio |
5.83 | 4.87 | 6.34 | 7.77 | 15.46 | 3.45 | 14.20 | 12.60 | 6.37 | 7.19 |
P/Operating CF |
6.10 | 5.03 | 6.20 | 3.44 | 11.30 | 4.20 | 5.76 | 4.37 | 3.31 | 4.85 |
Beneish M-Score |
(2.86) | (2.82) | (2.52) | (2.49) | (4.02) | (2.76) | (2.54) | (2.90) | (2.59) | (1.80) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 78 |
P/B ratio |
2.11 | 1.38 | 1.26 | 0.77 | 1.79 | 2.17 | 1.59 | 1.24 | 0.95 | 1.18 |
Price to Tangible BV |
0.00 | 5.88 | 3.95 | 2.43 | 3.55 | 3.33 | 2.30 | 1.81 | 1.31 | 1.59 |
EV/Sales |
0.55 | 0.48 | 0.45 | 0.33 | 0.43 | 0.38 | 0.35 | 0.30 | 0.25 | 0.31 |
EV/EBITDA |
6.08 | 4.40 | 4.35 | 4.30 | 0.00 | 2.97 | 3.50 | 5.91 | 3.22 | 3.68 |
EV/Operating CF |
8.16 | 6.25 | 6.73 | 5.23 | 11.95 | 3.60 | 5.55 | 5.47 | 4.54 | 4.97 |
EV/FCF |
9.40 | 7.59 | 9.15 | 13.23 | 26.20 | 4.29 | 19.61 | 17.94 | 8.54 | 8.93 |
Quick Ratio |
0.32 | 0.35 | 0.30 | 0.19 | 0.36 | 0.37 | 0.24 | 0.29 | 0.36 | 0.42 |
Current Ratio |
1.35 | 1.48 | 1.42 | 1.18 | 1.15 | 1.25 | 1.20 | 1.34 | 1.43 | 1.49 |
Net Debt/EBITDA |
2.31 | 1.58 | 1.34 | 1.78 | (0.91) | 0.58 | 0.97 | 1.63 | 0.82 | 0.61 |
Debt/Assets |
34.61% | 30.04% | 24.75% | 19.65% | 27.44% | 20.61% | 19.75% | 18.45% | 16.94% | 14.98% |
Debt/Equity |
1.59 | 1.03 | 0.74 | 0.65 | 1.90 | 1.00 | 0.82 | 0.74 | 0.61 | 0.50 |
Asset Turnover |
1.31 | 1.30 | 1.33 | 1.26 | 0.93 | 1.44 | 1.48 | 1.44 | 1.41 | 1.39 |
Operating CF/Net income |
2.87 | 1.26 | 1.57 | 2.85 | (0.16) | 1.90 | 1.41 | 29.00 | 2.20 | 2.23 |
Capex/Depreciation |
(0.23) | (0.37) | (0.48) | (0.99) | (0.36) | (0.46) | (1.33) | (1.00) | (0.67) | (0.70) |
Interest Coverage |
3.74 | 5.81 | 6.66 | 4.73 | (15.76) | 9.22 | 10.43 | 2.23 | 7.90 | 10.62 |
| 14.62% | 31.15% | 18.21% | 8.80% | (88.33%) | 46.32% | 29.75% | 1.11% | 13.56% | 13.64% | |
| 3.10% | 7.94% | 5.71% | 2.79% | (20.29%) | 8.10% | 6.65% | 0.27% | 3.57% | 3.93% | |
ROIC |
8.66% | 11.47% | 10.84% | 6.15% | (48.79%) | 26.54% | 16.11% | 3.14% | 9.43% | 10.65% |
Return on Tangible Assets |
6.97% | 17.14% | 12.52% | 7.33% | (58.28%) | 20.41% | 16.60% | 0.66% | 8.28% | 9.27% |
Average Days of Receivables |
7.17 | 5.17 | 5.67 | 5.89 | 5.57 | 4.27 | 4.30 | 4.48 | 5.08 | 10.13 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
34.85% | 34.92% | 35.12% | 35.52% | 37.39% | 32.10% | 33.25% | 35.09% | 36.21% | 36.43% |
Intangible Assets out of Total Assets |
0.22 | 0.22 | 0.23 | 0.21 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 |
Share Based Compensation of Revenue |
0.23% | 0.23% | 0.24% | 0.15% | 0.17% | 0.22% | 0.21% | 0.20% | 0.25% | 0.26% |
Graham Net Nets |
(0.87) | (0.78) | (0.66) | (1.62) | (1.96) | (0.92) | (1.07) | (1.22) | (1.24) | (0.82) |
Graham Number |
25.17 | 46.28 | 41.10 | 29.09 | 0.00 | 35.37 | 37.87 | 7.67 | 27.76 | 31.21 |
Earnings Yield |
6.80% | 19.54% | 13.65% | 11.45% | (86.34%) | 18.40% | 18.15% | 0.97% | 13.41% | 11.37% |
Free Cash Flow Yield |
17.14% | 20.53% | 15.78% | 12.88% | 6.47% | 29.02% | 7.04% | 7.94% | 15.69% | 13.90% |
Revenue per Share |
86.11 | 83.96 | 83.65 | 81.79 | 58.17 | 82.79 | 92.64 | 87.04 | 82.84 | 83.60 |
Operating CF per Share |
5.84 | 6.47 | 5.64 | 5.19 | 2.09 | 8.84 | 5.88 | 4.76 | 4.60 | 5.28 |
Capex per Share |
(0.77) | (1.14) | (1.49) | (3.14) | (1.13) | (1.41) | (4.22) | (3.31) | (2.16) | (2.34) |
Free Cash Flow per Share |
5.06 | 5.33 | 4.15 | 2.05 | 0.95 | 7.43 | 1.66 | 1.45 | 2.45 | 2.95 |
Cash per Share |
4.20 | 4.76 | 3.78 | 2.21 | 5.40 | 5.58 | 3.14 | 3.77 | 4.70 | 4.60 |
Shareholders Equity per Share |
14.01 | 18.77 | 20.92 | 20.59 | 8.21 | 11.80 | 14.86 | 14.72 | 16.39 | 17.96 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
14.01 | 18.77 | 20.92 | 20.59 | 8.21 | 11.80 | 14.86 | 14.72 | 16.39 | 17.96 |
Free Cash Flow |
1,562.00 | 1,627.00 | 1,277.00 | 636.00 | 296.00 | 2,279.00 | 457.00 | 398.00 | 679.00 | 797.00 |
Working Capital |
1,979.00 | 2,467.00 | 2,213.00 | 1,060.00 | 827.00 | 1,342.00 | 992.00 | 1,557.00 | 1,955.00 | 2,180.00 |
Capital Expenditures |
(239.00) | (349.00) | (458.00) | (972.00) | (353.00) | (433.00) | (1,158.00) | (907.00) | (599.00) | (633.00) |
Net Current Asset Value |
(7,903.00) | (6,204.00) | (5,313.00) | (7,985.00) | (8,969.00) | (7,211.00) | (6,931.00) | (6,122.00) | (5,371.00) | (4,705.00) |
EV/EBIT |
10.71 | 6.63 | 6.72 | 8.68 | 0.00 | 4.16 | 5.31 | 23.72 | 6.38 | 6.91 |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.04 | 0.02 | 0.02 | 0.05 | 0.04 | 0.03 | 0.03 |
Price to Operating Income |
6.65 | 4.25 | 4.66 | 5.09 | 0.00 | 3.34 | 3.84 | 16.66 | 4.76 | 5.57 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.15 | 0.14 | 0.14 | 0.15 | 0.16 | 0.17 | 0.15 | 0.17 | 0.18 | 0.19 |
Cash ROIC |
12.51% | 12.45% | 10.34% | 5.67% | 3.26% | 25.44% | 5.52% | 4.93% | 7.86% | 9.33% |
Accounts Receivable Turnover |
49.19 | 57.95 | 67.47 | 62.62 | 52.84 | 88.65 | 85.26 | 80.49 | 75.06 | 47.72 |
Accounts Payable Turnover |
3.18 | 3.08 | 3.08 | 2.99 | 2.45 | 2.93 | 3.04 | 3.06 | 3.05 | 3.02 |
Inventory Turnover |
2.87 | 2.87 | 2.91 | 2.90 | 2.74 | 3.67 | 3.55 | 3.30 | 3.11 | 3.04 |
Average Days of Payables |
116.17 | 116.87 | 120.45 | 123.42 | 145.72 | 129.54 | 114.23 | 115.06 | 120.02 | 119.58 |
Days of Inventory on Hand |
125.79 | 124.50 | 126.26 | 124.82 | 112.12 | 106.97 | 101.48 | 111.91 | 118.69 | 119.31 |
Average Receivables |
540.00 | 442.50 | 381.50 | 404.50 | 342.50 | 286.50 | 298.50 | 296.50 | 306.50 | 474.00 |
Average Payables |
4,922.50 | 4,923.50 | 4,941.00 | 5,075.50 | 5,017.50 | 5,106.50 | 5,055.50 | 4,643.50 | 4,501.00 | 4,470.00 |
Average Inventory |
5,452.50 | 5,288.50 | 5,220.50 | 5,225.50 | 4,481.00 | 4,078.50 | 4,325.00 | 4,314.00 | 4,414.50 | 4,440.00 |
Average Assets |
20,213.50 | 19,717.00 | 19,388.50 | 20,183.00 | 19,439.00 | 17,648.00 | 17,228.00 | 16,556.00 | 16,324.00 | 16,320.00 |
Average Common Equity |
4,287.50 | 5,027.50 | 6,084.50 | 6,406.50 | 4,465.00 | 3,087.00 | 3,851.50 | 4,058.50 | 4,293.50 | 4,706.00 |
Columns are period end dates