Macy's, Inc. M

Consumer discretionary SIC 5311 - Retail-Department Stores NAICS Retail Trade › General Merchandise Retailers derived NYSE

Macy's, Inc. (the "Company", "we", "us" or "our") is a premier omnichannel retail organization that operates 665 stores, websites and mobile applications under three iconic brands: Macy's, Bloomingdale's and Bluemercury. The Company sells a wide range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods and operates across a broad spectrum that spans from value-conscious, off-price shoppers to premium luxury consumers. Macy's, Inc. leverages its multi-brand, multi-category and multi-channel model to provide a high level of flexibility to read and react to shifting consumer demand and caters to an annual customer base of nearly 40 million active consumers.

Last close 24.10 2026-10-23
Market cap $6.34B 2026-05-02 share count
52-week range 16.69 - 26.59

Valuation FY2025 figures against the last close

P/S0.3x
P/E10.4x
P/FCF6.0x
EV/EBITDA2.6x
Dividend yield3.1%
Diluted EPS2.32

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $21.76B$22.29B$23.09B$24.44B$24.46B$17.35B$24.56B$24.97B$24.94B$25.91B
Cost of revenue $13.50B$13.74B$14.22B$15.35B$14.96B$12.29B$15.17B$15.21B$15.18B$15.67B
Gross profit $8.27B$8.55B$8.87B$9.10B$9.50B$5.06B$9.39B$9.76B$9.69B$10.16B
SG&A $8.24B$8.33B$8.38B$8.46B$8.15B$6.77B$9.00B$9.04B$8.95B$9.26B
Operating income $1.03B$909.0M$301.0M$1.69B$2.35B-$4.47B$970.0M$1.74B$1.86B$1.37B
Interest expense $139.0M$158.0M$170.0M$175.0M$256.0M$284.0M$205.0M$261.0M$321.0M$367.0M
Pre-tax income $849.0M$763.0M$43.0M$1.48B$1.87B-$4.79B$728.0M$1.42B$1.52B$965.0M
Income tax $207.0M$181.0M$2.0M$331.0M$436.0M$846.0M$164.0M$322.0M$39.0M$346.0M
Net income $642.0M$582.0M$45.0M$1.15B$1.43B-$3.94B$564.0M$1.11B$1.57B$627.0M
EPS, basic 2.372.100.164.174.66-12.681.823.605.132.03
EPS, diluted 2.322.070.164.084.55-12.681.813.565.102.02
Shares, diluted (wtd. avg.) 276.5M281.6M278.2M281.1M314.0M311.1M311.4M311.4M306.8M310.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.25B$1.31B$1.04B$865.0M$1.72B$1.75B$731.0M$1.25B$1.51B$1.33B
Receivables —$303.0M$293.0M$300.0M$297.0M$276.0M$409.0M$400.0M$363.0M$522.0M
Inventory $4.41B$4.47B$4.36B$4.27B$4.38B$3.77B$5.19B$5.26B$5.18B$5.40B
Total current assets $6.67B$6.48B$6.09B$5.85B$6.76B$6.18B$6.81B$7.45B$7.65B$7.63B
Property, plant and equipment $4.74B$5.07B$5.31B$5.91B$5.67B$5.94B$6.63B$6.64B$6.67B$7.02B
Goodwill $828.0M$828.0M$828.0M$828.0M$828.0M$828.0M$3.91B$3.91B$3.90B$3.90B
Other intangibles $420.0M$425.0M$430.0M$432.0M$435.0M$437.0M$439.0M$478.0M$488.0M$498.0M
Total assets $16.24B$16.40B$16.25B$16.87B$17.59B$17.71B$21.17B$19.19B$19.58B$19.85B
Accounts payable $1.81B$1.89B$1.91B$2.05B$2.22B$1.98B$1.68B$1.66B$1.59B$1.42B
Short-term debt $0$6.0M$0—$0$452.0M$539.0M$43.0M$22.0M$309.0M
Total current liabilities $4.49B$4.52B$4.53B$4.86B$5.42B$5.36B$5.75B$5.23B$5.18B$5.65B
Long-term debt ——$3.00B$3.00B$3.29B$4.32B$3.70B$4.41B$5.75B$6.44B
Retained earnings $6.94B$6.50B$6.09B$6.27B$5.27B$3.93B$7.99B$8.05B$7.25B$6.09B
Total equity $4.86B$4.55B$4.04B$4.04B$3.61B$2.55B$6.38B$6.44B$5.73B$4.38B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.43B$1.28B$1.30B$1.61B$2.71B$649.0M$1.61B$1.74B$1.98B$1.80B
Depreciation and amortisation $894.0M$881.0M$897.0M$857.0M$874.0M$959.0M$981.0M$962.0M$991.0M$1.06B
Stock-based compensation $59.0M$58.0M$47.0M$54.0M$55.0M$31.0M$38.0M$63.0M$58.0M$61.0M
Capital expenditure $373.0M$518.0M$631.0M$888.0M$354.0M$338.0M$902.0M$657.0M$487.0M$596.0M
Investing cash flow -$639.0M-$592.0M-$913.0M-$1.17B-$370.0M-$325.0M-$1.00B-$456.0M-$351.0M-$243.0M
Financing cash flow -$852.0M-$413.0M-$220.0M-$1.30B-$2.38B$699.0M-$1.12B-$1.54B-$1.45B-$1.43B
Dividends paid $197.0M$192.0M$181.0M$173.0M$90.0M$117.0M$466.0M$463.0M$461.0M$459.0M
Buybacks $250.0M$1.0M$38.0M$601.0M$500.0M$1.0M$1.0M$0$1.0M$316.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-021721.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 25.9B Gross profit, FY2016: 10.2B Net income, FY2016: 627M Revenue, FY2017: 24.9B Gross profit, FY2017: 9.7B Net income, FY2017: 1.6B Revenue, FY2018: 25B Gross profit, FY2018: 9.8B Net income, FY2018: 1.1B Revenue, FY2019: 24.6B Gross profit, FY2019: 9.4B Net income, FY2019: 564M Revenue, FY2020: 17.3B Gross profit, FY2020: 5.1B Net income, FY2020: -3.9B Revenue, FY2021: 24.5B Gross profit, FY2021: 9.5B Net income, FY2021: 1.4B Revenue, FY2022: 24.4B Gross profit, FY2022: 9.1B Net income, FY2022: 1.1B Revenue, FY2023: 23.1B Gross profit, FY2023: 8.9B Net income, FY2023: 45M Revenue, FY2024: 22.3B Gross profit, FY2024: 8.6B Net income, FY2024: 582M Revenue, FY2025: 21.8B Gross profit, FY2025: 8.3B Net income, FY2025: 642M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $25.91B $24.94B $24.97B $24.56B $17.35B $24.46B $24.44B $23.09B $22.29B $21.76B
Gross profit $10.16B $9.69B $9.76B $9.39B $5.06B $9.50B $9.10B $8.87B $8.55B $8.27B
Net income $627.0M $1.57B $1.11B $564.0M -$3.94B $1.43B $1.15B $45.0M $582.0M $642.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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