Fundamental analysis · SEC EDGAR · TTM through 01/08/2026
M · NYSE · Consumer
Fundamental quality
53
out of 100
Macy's, Inc. earns a fundamental-quality score of 53 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 0.56× EBITDA). Its weakest area is its growth (revenue +5.1%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Macy's is the quintessential American department store, with Bloomingdale's as its luxury banner and a problem of the age: the format it invented has been losing customers for a decade. It closes mediocre stores, pampers the good ones and mines a real-estate portfolio worth almost as much as the business.
EPS growth: -10.7% · Revenue growth: 5.1%
Net margin: 3.3% · ROE: 15.2% · ROIC: 14.3%
Net debt/EBITDA: 0.56x · FCF: 6.2%
Source: SEC EDGAR · TTM through 01/08/2026
The score includes +1 for dividend strength: 4 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2021 | 17,346 | -3,944 | 311 | 3,093 |
| 2022 | 25,399 | 1,430 | 2,358 | 1,583 |
| 2023 | 25,449 | 1,146 | 727 | 2,134 |
| 2024 | 23,866 | 45 | 674 | 1,964 |
| 2025 | 23,006 | 582 | 760 | 1,479 |
| 2026 | 22,621 | 642 | 1,057 | 1,186 |
Between 2021 and 2026, revenue went from $17,346M to $22,621M (+30%) and net income went from -$3,944M to $642M (+116%). It has also reduced its net debt over the period.
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended August 1, 2026, versus the half-year ended August 2, 2025 (SEC filings):
Compared with the previous close (May 2, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$0.73
per share, yearly
30.7% of earnings
Payout
4 straight years raising it
Growth
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.
The serious investor's standard
Open free account →Anyone who wants low commissions and access to almost any market in the world.
Popular in the U.S.
Open free account →Anyone investing in the U.S. who wants a powerful, commission-free stock app.
Investing carries risk of loss.
Is Macy's, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Macy's, Inc. a good company to invest in?
In terms of business quality, Macy's, Inc. scores 53 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Macy's, Inc. a profitable company?
Macy's, Inc. is profitable, with a net margin of 3.3%, though a thin one.
Does Macy's, Inc. have a lot of debt?
Not particularly. Its net debt is 0.56 times its EBITDA, a low level.
Is Macy's, Inc. growing?
Its revenue has grown 5.1% annualized in recent years.
Does Macy's, Inc. generate cash?
Yes. It converts about 6.2% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
More Consumer companies
Pilgrims Pride (PPC) · Asbury Automotive Group (ABG) · MGM Resorts International (MGM) · Kohls (KSS) · Caseys General Stores (CASY) · Smithfield Foods (SFD) · see more →
Who's behind the methodology and model · how the score is computed
Data: see Macy's, Inc.'s filings on EDGAR
Spotted a figure that looks wrong? Report it and we'll review it.