A Business at a Glance
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The Company is a corporation organized under the laws of the State of Delaware in 1985. The Company and its predecessors have been operating department stores since 1830. As of February 1, 2025, the Company operated 680 store locations in 43 states, the District of Columbia, Puerto Rico and Guam. The Company's operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates, and Al Zahra, Kuwait are operated under license agreements with Al Tayer Insignia, a company of Al Tayer Group, LLC. The Company sells a wide range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The specific assortments vary by size of store, merchandising assortments and character of customers in the trade areas.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 22.7B | 23.0B | 23.9B | 25.4B | 25.4B | 17.3B |
| Net Income | 477M | 582M | 582M | 1.1B | 1.4B | -3.9B |
| EPS | $1.70 | $2.07 | $2.07 | $4.08 | $4.55 | $-12.68 |
| Free Cash Flow | 1.2B | 760M | 674M | 727M | 2.4B | 2.4B |
| ROIC | 10.2% | - | 11.4% | 21.3% | 31.6% | -57.4% |
| Gross Margin | 40.4% | 40.3% | 40.4% | 39.7% | 41.1% | 29.2% |
| Debt/Equity | 0.56 | - | 0.61 | 0.73 | 0.73 | 0.90 |
| Dividends/Share | $0.74 | $0.69 | $0.66 | $0.63 | $0.30 | $0.38 |
| Operating Income | 784M | 909M | 909M | 1.7B | 2.4B | -4.5B |
| Operating Margin | 3.5% | 4.0% | 3.8% | 6.6% | 9.3% | -25.8% |
| ROE | 11.0% | - | 13.4% | 27.9% | 37.1% | -127.8% |
| Shares Outstanding | 266M | 281M | 281M | 281M | 314M | 311M |
Macy's, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
Macy's, Inc. trades at 11.3x trailing earnings, compared to its 15-year median P/E of 5.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 4.4x vs a median of 5.2x. The company's 5-year average ROIC is 1.7% with a gross margin of 38.1%. Total shareholder yield (dividends + buybacks) is 7.8%. At current prices, the estimated annualized return to fair value is +1.8%.
Macy's, Inc. (M) has a current P/E ratio of 11.3, compared to its historical median P/E of 5.5. The stock is currently considered Expensive based on its historical valuation range.
Macy's, Inc. (M) has a 5-year average return on invested capital (ROIC) of 1.7%. This is below average and may indicate limited pricing power.
Macy's, Inc. (M) has a market capitalization of $5.1B. It is classified as a mid-cap stock.
Yes, Macy's, Inc. (M) pays a dividend with a trailing twelve-month yield of 3.85%. The company also returns capital through share buybacks, with a buyback yield of 3.93%.
Based on historical P/E analysis, Macy's, Inc. (M) appears expensive. The current P/E of 11.3 is 104% above its historical median of 5.5. The estimated fair value CAGR (P/E method) is -16.2%.
Macy's, Inc. (M) operates in the Retail-Department Stores industry, within the Consumer Defensive sector.
Macy's, Inc. (M) reported annual revenue of $23.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Macy's, Inc. (M) has a net profit margin of 2.5%. This is a modest margin.
Macy's, Inc. (M) generated $760 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Macy's, Inc. (M) reported earnings per share (EPS) of $2.07 in its most recent fiscal year.
Macy's, Inc. (M) has a 5-year average gross margin of 38.1%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Macy's, Inc. (M), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.