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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. M Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Macy's (M)

Market Price (9/17/2025): $17.47 | Market Cap: $4.8 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

Macy's (M)

Market Price (9/17/2025): $17.47
Market Cap: $4.8 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 4.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 5.3%		 Trading close to highs
Dist 52W High is -0.2%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 98%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%		 Weak multi-year price returns
3Y Excs Rtn is -52%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4%, Rev Chg QQuarterly Revenue Change % is -4.1%
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 4.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 5.3%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
2 Trading close to highs
Dist 52W High is -0.2%
3 Weak multi-year price returns
3Y Excs Rtn is -52%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 98%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4%, Rev Chg QQuarterly Revenue Change % is -4.1%

Market Valuation

 9/17/25202420232022
Share Price CYE$17.47$16.27$18.58$18.28
Market Cap CYE ($ Bil)4.84.55.15.0
Total Debt ($ Bil)5.75.76.06.0
Total Cash ($ Bil)0.91.31.00.9
Enterprise Value ($ Bil)9.610.211.111.0
Valuation Ratios    
P/S TTM0.20.20.20.2
P/EBIT TTM5.75.331.03.5
P/E TTM8.78.1122.65.0
Sector Ratios    
P/S TTM (Sector)0.80.80.90.8
P/EBIT TTM (Sector)7.26.97.05.5
P/E TTM (Sector)9.78.18.97.3
 9/17/252024
Share Price CYE$17.47$16.27
Market Cap CYE ($ Bil)4.84.5
Total Debt ($ Bil)5.75.7
Total Cash ($ Bil)0.91.3
Enterprise Value ($ Bil)9.610.2
Valuation Ratios  
P/S TTM0.20.2
P/EBIT TTM5.75.3
P/E TTM8.78.1
Sector Ratios  
P/S TTM (Sector)0.80.8
P/EBIT TTM (Sector)7.26.9
P/E TTM (Sector)9.78.1

Market Cap Chart

Business Description

Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
M Return-31%136%-19%2%-12%7%21%
Peers Return27%7%-26%37%14%8%69%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: TJX, TGT, OLLI, KSS, AMZN. See M Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Macy's (M)

 MBetter Performance than M
MetricValueIndustry (Broadline Retail)
Rev Chg LTM-3.8%AMZN (10.9%), BABA (5.3%), MELI (35.8%), CPNG (18.7%), EBAY (1.5%)
Rev Chg 3Y Avg-4.4%AMZN (11.3%), BABA (5.5%), MELI (39.8%), CPNG (17.6%), EBAY (0.2%)
Op Mgn LTM3.9%AMZN (11.4%), BABA (14.6%), MELI (12.3%), EBAY (22.3%), DDS (10.9%)
CFO/Rev LTM4.8%AMZN (18.1%), BABA (15.0%), MELI (35.2%), CPNG (5.9%), EBAY (25.1%)
FCF/Rev LTM1.1%AMZN (2.0%), BABA (15.0%), MELI (30.6%), CPNG (2.4%), EBAY (20.6%)
Total Yield15.6%BABA (38.9%), KSS (18.6%), NHTC (18.4%), MI (178.6%)
 MBetter Performance than M
MetricValueAll Other Sectors
Rev Chg LTM-3.8%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg-4.4%NVDA (92.0%), MSFT (12.5%), AAPL (1.8%), GOOGL (10.2%), META (13.0%)
Op Mgn LTM3.9%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM4.8%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM1.1%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield15.6%VZ (16.0%), TD (15.6%), CMCSA (16.9%), CNQ (18.8%), MFC (17.2%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Macy's Earnings Notes  
2M Leaps 36% In One Month: Does It Lead the Pack?Peer Comparison 
3Better Bet Than M Stock: Pay Less Than Macy's To Get More From CHTR, IBKR   
4M Dip Buy Analysis  
5Macy's Total Shareholder Return (TSR): -7.7% in 2025 and -6.7% 3-yr compounded annual returns (below peer average)  
6Macy's vs. StoneCo: M stock's significantly lower valuation vs. STNE appears counterintuitiveCounter-Intuitive Comparisons 
7Macy's (M) Stock: 27% of days in last 3 months had 1% or greater fluctuation  
8Macy's vs. S&P500 CorrelationCorrelation 
9Macy's Price VolatilityVolatility 
10M Jumped 28% In A Month. What To Do Now?Return 
11ARTICLES  
12Buy Or Fear Macy’s Stock? September 4th, 2025
13Macy’s Stock Up 7% Over Last Ten Days. What’s Next? July 29th, 2022
14Can Macy’s Stock Rebound After An 8% Fall In The Last Ten Days? April 5th, 2022
15What’s Next For Macy’s Stock After An 8% Move Last Week? September 27th, 2021
16Is Macy’s Stock Still Attractive Post Q2 Beat? August 30th, 2021
Title
0DASHBOARDS
1Buy Or Fear Macy’s Stock?
2Macy’s Stock Up 7% Over Last Ten Days. What’s Next?
3Can Macy’s Stock Rebound After An 8% Fall In The Last Ten Days?
4What’s Next For Macy’s Stock After An 8% Move Last Week?
5Is Macy’s Stock Still Attractive Post Q2 Beat?
6ARTICLES
7Macy's Earnings Notes
8M Leaps 36% In One Month: Does It Lead the Pack?
9Better Bet Than M Stock: Pay Less Than Macy's To Get More From CHTR, IBKR 
10M Dip Buy Analysis
11Macy's Total Shareholder Return (TSR): -7.7% in 2025 and -6.7% 3-yr compounded annual returns (below peer average)
12Macy's vs. StoneCo: M stock's significantly lower valuation vs. STNE appears counterintuitive
13Macy's (M) Stock: 27% of days in last 3 months had 1% or greater fluctuation
14Macy's vs. S&P500 Correlation
15Macy's Price Volatility
16M Jumped 28% In A Month. What To Do Now?

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Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
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6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Macy's

Financials

MTJXTGTOLLIKSSAMZNMedian
NameMacy's TJX Comp.Target Ollie's .Kohl's Amazon.c. 
Mkt Price17.43139.5589.72135.0916.65234.05112.41
Mkt Cap4.8155.640.88.31.92,489.624.5
Rev LTM22,79957,925105,6402,44115,886670,03840,362
Op Inc LTM8796,4765,42426552176,1903,152
FCF LTM2554,0412,94414448013,4811,712
FCF 3Y Avg2674,3583,28212554321,6771,912
CFO LTM1,0855,9356,386253907121,1373,510
CFO 3Y Avg1,2956,1457,4702341,05096,9773,720

Growth & Margins

MTJXTGTOLLIKSSAMZNMedian
NameMacy's TJX Comp.Target Ollie's .Kohl's Amazon.c. 
Rev Chg LTM-3.8%4.1%-1.5%10.1%-7.2%10.9%1.3%
Rev Chg 3Y Avg-4.4%5.3%-0.7%11.9%-5.6%11.3%2.3%
Rev Chg Q-4.1%6.9%-0.9%17.5%-5.0%13.3%3.0%
QoQ Delta Rev Chg LTM-0.9%1.6%-0.2%4.3%-1.2%3.0%0.7%
Op Mgn LTM3.9%11.2%5.1%10.9%3.3%11.4%8.0%
Op Mgn 3Y Avg4.9%10.7%5.1%10.7%2.7%7.9%6.5%
QoQ Delta Op Mgn LTM-0.2%0.2%-0.3%0.2%0.0%0.3%0.1%
CFO/Rev LTM4.8%10.2%6.0%10.4%5.7%18.1%8.1%
CFO/Rev 3Y Avg5.4%11.2%7.0%10.7%6.2%15.8%8.8%
FCF/Rev LTM1.1%7.0%2.8%5.9%3.0%2.0%2.9%
FCF/Rev 3Y Avg1.1%8.0%3.1%5.8%3.2%3.5%3.4%

Valuation

MTJXTGTOLLIKSSAMZNMedian
NameMacy's TJX Comp.Target Ollie's .Kohl's Amazon.c. 
Mkt Cap4.8155.640.88.31.92,489.624.5
P/S0.22.70.43.40.13.71.5
P/EBIT5.723.37.431.23.329.215.3
P/E8.731.310.438.89.035.320.8
P/CFO4.526.26.432.82.120.613.5
Total Yield15.6%4.3%14.7%2.6%18.6%2.8%9.5%
Dividend Yield4.0%1.1%5.0%0.0%7.5%0.0%2.6%
FCF Yield 3Y Avg6.2%3.7%5.6%2.4%31.9%1.1%4.7%
D/E1.20.10.50.13.70.10.3
Net D/E1.00.10.40.03.60.00.2

Returns

MTJXTGTOLLIKSSAMZNMedian
NameMacy's TJX Comp.Target Ollie's .Kohl's Amazon.c. 
1M Rtn37.5%5.2%-12.9%1.2%21.8%1.3%3.3%
3M Rtn55.5%13.8%-4.6%16.3%98.1%9.0%15.1%
6M Rtn32.0%21.9%-12.3%36.4%107.1%21.4%26.9%
12M Rtn22.6%18.1%-39.0%36.2%-5.6%26.6%20.4%
3Y Rtn18.7%125.3%-39.7%134.1%-26.4%89.5%54.1%
1M Excs Rtn35.1%2.8%-15.3%-1.3%19.4%-1.1%0.8%
3M Excs Rtn38.8%3.1%-16.4%2.3%78.4%-1.2%2.7%
6M Excs Rtn13.2%6.2%-29.6%14.3%85.4%3.2%9.7%
12M Excs Rtn8.2%1.5%-55.3%19.6%-26.4%7.1%4.3%
3Y Excs Rtn-52.5%56.2%-105.1%69.3%-93.5%13.2%-19.6%

Comparison Analyses

Financials

$ Mil | FY: 2/12026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End5/3/20252/1/202511/2/20248/3/20245/4/20242/3/202410/28/20237/29/20234/29/20231/28/202310/29/20227/30/2022
Filing Date6/5/20253/21/202512/12/20249/4/20245/30/20243/22/202411/28/20238/25/20236/6/20233/24/202311/30/20228/26/2022
Key Financials Quarterly            
Total Revenue4,7938,0074,9035,0965,0008,3755,0385,2805,1738,5835,4675,834
Ebitda31468129543934579310221466846392613
Operating Income85634-2518514381693124235636175401
Net Income383422815062-12841-22155478108275
EPS0.141.230.100.540.22-0.260.15-0.080.571.870.401.01
Key Financials TTM            
Total Revenue TTM22,79923,00623,37423,50923,69323,86624,07424,50325,05725,44925,90326,089
Ebitda TTM1,7291,7601,1581,1739551,0761,8431,9252,3172,4962,8853,064
Operating Income TTM8799371,1191,2371,1761,2681,0881,1701,4471,6411,9992,297
Net Income TTM558582112125-47466527191,0161,1471,4121,543
Growth Rates Quarterly            
Total Revenue Growth-4.1%-4.4%-2.7%-3.5%-3.3%-2.4%-7.8%-9.5%-7.0%-5.0%-3.3%-0.2%
EBITDA Growth-9.0%762.0%-4.8%98.6%-26.0%-90.7%-20.9%-63.9%-27.8%-31.5%-31.3%-18.3%
Operating Income Growth-40.6%-22.3%-126.9%49.2%-39.1%28.3%-46.9%-69.1%-45.2%-36.0%-63.0%-32.4%
Net Income Growth-38.7%367.2%-31.7%781.8%-60.0%-126.8%-62.0%-108.0%-45.8%-35.7%-54.8%-20.3%
Margins Quarterly            
EBITDA Margin6.6%8.5%6.0%8.6%6.9%0.9%6.2%4.2%9.0%9.9%7.2%10.5%
Operating Income Margin1.8%7.9%-0.5%3.6%2.9%9.7%1.8%2.3%4.5%7.4%3.2%6.9%
Net Income Margin0.8%4.3%0.6%2.9%1.2%-1.5%0.8%-0.4%3.0%5.6%2.0%4.7%
Cash & Debt            
Total Cash9321,3063156468761,034364438603862326300
Total Debt5,6645,7065,8266,0126,0325,9846,1915,9725,9925,9596,1676,003
Net Debt / (Cash)4,7324,4005,5115,3665,1564,9505,8275,5345,3895,0975,8415,703
Cash Flows Quarterly            
FCF from Operations-641,308-16781291,147-1131661051,12718555
Cash Flows TTM            
FCF from Operations TTM1,0851,2781,1171,1711,3291,3051,2851,5831,4721,6152,3592,050
Returns to Shareholders Quarterly            
Dividends514848484846454545434342
Share Repurchases971-0-0-0-0-0335-0-017
Return on Invested Capital (ROIC) Quarterly            
ROIC4.0%45.2%-1.5%10.6%7.0%46.9%6.1%6.6%12.8%36.9%10.4%21.2%
Return on Invested Capital (ROIC) TTM            
ROIC TTM14.1%16.2%15.4%18.5%15.5%25.6%14.8%16.9%21.0%23.0%25.9%30.6%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Single Segment23,86625,449   
Credit card revenues, net  832751771
Home/Other  4,6543,7454,067
Macy's Media Network revenue, net  107  
Men's and Kids  5,2473,4865,628
Women's Accessories, Shoes, Cosmetics and Fragrances  9,3857,2069,454
Women's Apparel  5,1742,9095,411
Total23,86625,44925,39918,09725,331


Price Behavior

M Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta1.281.381.621.421.381.35
Up Beta0.98-0.070.331.531.531.47
Down Beta2.062.403.441.061.151.24
Up Capture133%187%169%161%139%172%
Bmk +ve Days10223571142415
Stock +ve Days10172852107353
Down Capture91%185%173%147%128%106%
Bmk -ve Days11192754106334
Stock -ve Days10233372138388

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity26,297,986
Short Interest: % Change Since 81520252.5%
Average Daily Volume6,757,263
Days-to-Cover Short Interest3.89
Basic Shares Quantity277,600,000
Short % of Basic Shares9.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/3/202520.7%27.6% 
5/28/2025-0.3%-4.6%-6.2%
3/6/2025-0.7%4.6%-13.1%
11/25/2024-2.2%3.9%4.3%
8/21/2024-12.9%-13.4%-12.6%
5/21/20245.1%6.7%-3.1%
11/16/20235.7%17.7%57.6%
8/22/2023-14.1%-17.4%-25.9%
...
SUMMARY STATS   
# Positive151711
# Negative8612
Median Positive5.9%7.7%10.5%
Median Negative-2.3%-5.5%-13.1%
Max Positive21.2%34.7%57.6%
Max Negative-14.1%-17.4%-29.7%

SEC Filings

Expand for More

Report DateFiling DateFiling
4302025605202510-Q 5/3/2025
1312025321202510-K 2/1/2025
103120241212202410-Q 11/2/2024
7312024904202410-Q 8/3/2024
4302024530202410-Q 5/4/2024
1312024322202410-K 2/3/2024
103120231128202310-Q 10/28/2023
7312023825202310-Q 7/29/2023
4302023606202310-Q 4/29/2023
1312023324202310-K 1/28/2023
103120221130202210-Q 10/29/2022
7312022826202210-Q 7/30/2022
4302022607202210-Q 4/30/2022
1312022325202210-K 1/29/2022
103120211207202110-Q 10/30/2021
7312021903202110-Q 7/31/2021

Insider Activity

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External Quote Links


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