Fundamental analysis · SEC EDGAR · TTM through 02/05/2026

Fundamental analysis of Macy's, Inc.

M · NYSE · Consumer

Fundamental quality

DEMANDING

49

out of 100

Breakdown by area

I.GrowthEPS growth: -14.8% · Revenue growth: -3.4%
10
II.ProfitabilityNet margin: 2.9% · ROE: 13.8%
59
III.Financial healthNet debt/EBITDA: 0.59x · FCF: 6.3%
78

Source: SEC EDGAR · TTM through 02/05/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Low leverage (net debt of 0.59× EBITDA).

Risks and weaknesses

  • Thin margins (net margin of 2.9%).
  • Declining revenue (-3.4% annualized).
  • Declining earnings per share (-14.8% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
202225,3991,4302,3581,583
202325,4491,1467272,134
202423,866456741,964
202523,0065827601,479
202622,6216421,0571,186

Between 2022 and 2026, revenue went from $25,399M to $22,621M (-11%) and net income went from $1,430M to $642M (-55%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Macy's, Inc. a profitable company?

Macy's, Inc. is profitable, with a net margin of 2.9%, though a thin one.

Does Macy's, Inc. have a lot of debt?

Not particularly. Its net debt is 0.59 times its EBITDA, a low level.

Is Macy's, Inc. growing?

Its revenue has fallen 3.4% annualized in recent years.

Does Macy's, Inc. generate cash?

Yes. It converts about 6.3% of its revenue into free cash flow.

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.

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).

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