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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.

Revenue: +1.20%
EPS: +100.0%
Free cash flow: −17.4%
Total debt: −7.35%

Quarter to July 2026, against a year earlier

Dividend growth 5 yrs

24.27 1.43 −5.56%

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Market cap: $6.3B
P/E: 8.6×
Fwd P/E: 10.1×
Dividend yield: 3.12%
F-score: 8/9
Altman Z: 2.65
Beneish M: −1.80
Dividend safety: 78/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Macy's, Inc. (M) Debt to equity

Alert me on Debt to equity

Macy's, Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 0.5×, down 0.0× from fiscal 2026 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2026) to 1.9× (fiscal 2021) — the current reading is the lowest in ten years. That is above the Consumer Cyclical sector median of 0.2×.

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<iframe src="https://stockrow.com/embed/M/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Macy&#39;s, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/M/metrics/debt-to-equity">Macy&#39;s, Inc. (M) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2026	0.5×	(18.03%)
FY2025	0.6×	(17.83%)
FY2024	0.7×	(8.95%)
FY2023	0.8×	(18.49%)
FY2022	1.0×	(47.40%)
FY2021	1.9×	191.78%
FY2020	0.7×	(11.64%)
FY2019	0.7×	(28.06%)
FY2018	1.0×	(35.45%)
FY2017	1.6×	(11.47%)

Period	Debt to equity	Change
Jul 2026	0.5×	(1.81%)
Apr 2026	0.5×	0.48%
Jan 2026	0.5×	(10.95%)
Oct 2025	0.6×	(4.76%)
43 more quarters	Free account

Against its own ten years

Low 0.5× High 1.9×

Ten-year median 0.9×

Current reading's percentile 8

Company	Debt to equity
ZGN Ermenegildo Zegna N.V. compare	0.2×
JMKE Jersey Mike�s Subs Inc. compare	0.4×
M Macy's, Inc.	0.5×
BIRK Birkenstock Holding PLC compare	0.7×
LAD Lithia Motors, Inc. compare	1.5×
CHDN Churchill Downs, Incorporated compare	3.4×
FTDR Frontdoor Inc. compare	3.7×
LNWO Light & Wonder, Inc. compare	11.8×
HRB H&R Block, Inc. compare	12.7×
Consumer Cyclical sector median	0.2×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Macy's, Inc. (M) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Debt to equity against peers

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