Macy's (M) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Macy's

NYSE•Consumer Cyclical•Department Stores

$21.81-0.27(-0.01%)Pre-market

Market Cap

$5.75B

P/E

7.7x

P/S

0.3x

P/B

1.2x

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells various merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and Bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.

How this company scores

GoodMetricSide Score: 78/100

Strongest: Cash & Earnings Quality (22/25); weakest: Growth (16/25).

Profitability21/25

Growth16/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.7x5y range 2.6x – 345.8x

Currently near its 20-quarter median.

P/S · 0.3x5y range 0.1x – 0.3x

Currently above its 20-quarter median.

P/B · 1.2x5y range 0.7x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume

Market Cap $5.75B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $22.78B
Q. Revenue: $5.06B
TTM EBITDA: $2.02B
TTM Op. Income: $1.14B
Q. Op. Income: $244.00M
TTM Net Income: $749.00M
Q. Net Income: $169.00M
EPS: $0.64
Shares Out.: $263.60M

$22.78B in TTM revenue grew 0.3% YoY, reaching $5.06B last quarter. TTM EBITDA of $2.02B and TTM operating income of $1.14B show growth is flowing through to the bottom line. TTM net income of $749.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 43.7%
EBITDA Margin: 8.9%
Op. Margin: 4.8%
Net Margin: 3.3%

Op. margin of 4.8% is up 1.8% YoY — cost efficiency is improving. Net margin at 3.3% and gross margin of 43.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 62% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.7x
P/S Ratio: 0.3x
P/B Ratio: 1.2x

At 7.7x P/E, the stock trades below typical market levels. P/S of 0.3x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.73B
Cash: $1.29B
Long-Term Debt: $2.43B
Book Value: $4.93B
D/E Ratio: 0.5
Debt/EBITDA: 5.4

With $15.73B in assets and $2.43B in long-term debt, D/E is 0.5and book value is $4.93B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 16% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $294.00M
TTM Free Cash Flow: $1.41B
FCF Margin: 6.2%
FCF / Net Income: 1.9

TTM FCF of $1.41B on $294.00M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 46% — a weakening trend.