Macy's, Inc. (M) stock

MNYSERetail-Department StoresFiscal year ends February 1

Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026Score 15/3046% below fair value

$24.33−0.52 (-2.09%)

Close on Nov 12, 2026Market cap $6.35BP/E 8.9Yield 3.00%

Macy's statistics

108 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Dec 2, 2026 (estimated, before the open)
Last ex-dividend date: Sep 15, 2026
Fundamentals through: Aug 1, 2026
Share price as of: Nov 12, 2026

Valuation ratiosIndustry

Market Cap: $6.35B; $14.01B
Enterprise Value: $7.49B; $14.61B
PE Ratio: 8.88; 21.67
PS Ratio: 0.28; 1.30
PB Ratio: 1.29; 4.67
P/TBV Ratio: 1.73; 5.50
P/FCF Ratio: 4.49; 22.71
P/OCF Ratio: 3.61; 12.58

Enterprise valuationIndustry

EV / Sales: 0.33; 1.39
EV / EBITDA: 3.72; 12.60
EV / EBIT: 6.56; 15.85
EV / FCF: 5.30; 20.72

Share statisticsIndustry

Shares Outstanding: 261M; 126M
Shares Change (YoY): -2.38%; -0.48%
Float: 260M; 125M
Shares Held by Insiders: 0.39%; 0.65%
Shares Held by Institutions: 98.5%; 100.1%

Short sellingIndustry

Short Interest: 35M; –
Short Interest Change: 1.16%; 0.01%
Short % of Float: 13.5%; 5.54%
Short % of Shares Outstanding: 13.4%; 5.29%
Days to Cover: 5.87; 4.21

Stock price statisticsIndustry

52-Week High: $26.59; –
52-Week Low: $16.69; –
20-Day Moving Average: $24.16; –
50-Day Moving Average: $23.16; –
200-Day Moving Average: $21.83; –
Average True Range (14): $1.04; –
Price Change (1 Week): 0.58%; 1.17%
Price Change (1 Month): 7.28%; 7.24%
Price Change (3 Months): 3.93%; 9.18%
Price Change (6 Months): 32.9%; 18.5%
Price Change (YTD): 10.3%; 14.8%
Price Change (1 Year): 19.0%; 22.0%
Price Change (3 Years): 126.5%; 61.0%
Price Change (5 Years): -20.1%; 24.9%
Price Change (10 Years): -41.2%; 172.8%
Average Volume (10 Days): 5M; –
Average Volume (20 Days): 6M; –
Average Volume (90 Days): 6M; –
Relative Volume: 0.75; 0.72
Relative Strength Index (14): 52.4; 54.8
Volatility (1 Year): 42.7%; 39.3%
Beta (5 Years): 1.48; 0.89

MarginsIndustry

Gross Margin: 40.7%; 38.7%
Operating Margin: 5.02%; 5.02%
Pretax Margin: 4.33%; 5.19%
Profit Margin: 3.29%; 3.90%
EBITDA Margin: 8.85%; 8.35%
FCF Margin: 6.21%; 4.61%

Returns on capitalIndustry

Return on Equity (ROE): 16.0%; 26.4%
Return on Assets (ROA): 4.80%; 7.81%
Return on Invested Capital (ROIC): 14.1%; 16.9%
Return on Capital Employed (ROCE): 9.76%; 15.0%

Financial positionIndustry

Current Ratio: 1.59; 1.21
Quick Ratio: 0.32; 0.32
Debt / Equity: 0.49; 0.49
Debt / EBITDA: 1.21; 1.06
Debt / FCF: 1.72; 1.76
Net Debt / EBITDA: 0.56; 0.56

GrowthIndustry

Revenue Growth (YoY): 0.34%; 8.20%
Net Income Growth (YoY): 51.5%; 23.4%
EPS Growth (YoY): 56.6%; 25.4%
FCF Growth (YoY): 45.8%; 36.4%
Revenue Growth (3Y CAGR): -3.85%; 5.27%
Revenue Growth (5Y CAGR): 5.45%; 6.82%
EPS Growth (3Y CAGR): -17.2%; 11.1%

EfficiencyIndustry

Asset Turnover: 1.46; 1.46
Inventory Turnover: 3.07; 4.58
Revenue Per Employee: $240.88K; $233.83K
Profits Per Employee: $7.93K; $10.55K
Employee Count: 94,570; 116,285
WACC: 10.3%; 8.90%

Income statement (TTM)Industry

Revenue: $22.78B; $20.07B
Gross Profit: $9.27B; $6.35B
Operating Income: $1.14B; $1.14B
Pretax Income: $987.00M; $890.54M
Net Income: $750.00M; $714.18M
EBITDA: $2.02B; $1.46B
EPS (Diluted): $2.74; $6.54

Balance sheetIndustry

Cash & Short-Term Investments: $1.29B; $1.06B
Total Debt: $2.43B; $2.43B
Net Cash (Debt): -$1.14B; -$599.26M
Net Cash Per Share: -$4.36; -$4.45
Equity (Book Value): $4.93B; $3.43B
Book Value Per Share: $18.87; $36.76
Tangible Book Value: $3.68B; $3.00B
Working Capital: $2.37B; $505.34M

Cash flow (TTM)Industry

Operating Cash Flow: $1.76B; $1.42B
Capital Expenditures: -$347.00M; -$755.32M
Free Cash Flow: $1.41B; $1.03B
FCF Per Share: $5.41; $9.11

Dividends and yieldsIndustry

Earnings Yield: 11.8%; 4.86%
FCF Yield: 22.3%; 4.40%
Dividend Yield: 3.00%; 1.94%
Buyback Yield: 3.23%; 2.19%
Shareholder Yield: 6.23%; 2.61%
Dividend Per Share: $0.73; $1.88
Dividend Growth (YoY): 5.80%; 8.45%
Years of Dividend Growth: 4; 3
Payout Ratio: 26.4%; 28.6%
FCF Payout Ratio: 14.0%; 35.4%

Taxes and interestIndustry

Income Tax: $237.00M; $226.53M
Effective Tax Rate: 24.0%; 24.0%

Scores and fair valueIndustry

Graham Number: $34.11; $66.81
Graham Upside: 40.2%; -55.5%
Altman Z-Score: 2.22; 4.80
Piotroski F-Score: 8; 7

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	M	S&P 500	Difference	M per year	S&P 500 per year
1 month	+5.8%	-2.7%	+8.5 pts
3 months	+3.1%	-1.7%	+4.9 pts
Year to date	+13.4%	+11.9%	+1.5 pts
1 year	+22.4%	+12.0%	+10.4 pts
3 years	+150.9%	+78.2%	+72.7 pts	+35.9%	+21.2%
5 years	-3.0%	+73.2%	−76.3 pts	-0.6%	+11.6%
10 years	-9.1%	+309.6%	−318.7 pts	-0.9%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

35M M shares were sold short on Oct 30, 2026, up 1.2% from the previous report, or 13.50% of the shares available to trade. At recent volumes it would take 5.9 days to buy them back. Over the last 20 sessions, 63.0% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	35,127,265	+1.2%	5,985,741	5.9
Oct 15, 2026	34,723,605	+4.6%	6,883,933	5.0
Sep 30, 2026	33,184,404	-6.9%	6,064,959	5.5
Sep 15, 2026	35,649,331	+10.2%	8,010,486	4.5
Aug 31, 2026	32,358,766	+6.6%	5,330,018	6.1
Aug 14, 2026	30,347,720	-6.4%	4,455,129	6.8
Jul 31, 2026	32,426,508	+6.0%	4,937,876	6.6
Jul 15, 2026	30,594,839	+4.8%	4,545,771	6.7
Jun 30, 2026	29,191,520	-17.0%	6,853,988	4.3
Jun 15, 2026	35,167,478	+2.2%	8,827,454	4.0
May 29, 2026	34,396,165	+2.8%	6,536,609	5.3
May 15, 2026	33,474,546	+6.3%	5,074,402	6.6