Macy's, Inc. (M)
Consumer Cyclical · Department Stores · NYSE
Macy's, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.91B | $24.94B | $24.97B | $24.56B | $17.35B | $25.40B | $24.44B | $23.09B | $22.29B | $21.76B |
| Gross profit | $10.16B | $9.69B | $9.76B | $9.39B | $5.06B | $10.44B | $9.10B | $8.87B | $8.55B | $8.27B |
| Net income | $627.00M | $1.57B | $1.11B | $564.00M | $-3.94B | $1.43B | $1.18B | $105.00M | $582.00M | $642.00M |
| Net margin | 2.4% | 6.3% | 4.4% | 2.3% | -22.7% | 5.6% | 4.8% | 0.5% | 2.6% | 2.9% |
Source: Macy's, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into M stock?
At today's market cap of $6.06B, Macy's, Inc. is priced for free-cash-flow growth of about -10% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.06B from the FY ending 2026-01-31). For comparison, free cash flow actually grew 27.7%/yr over the last five fiscal years and revenue 4.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Macy's, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeMacy's, Inc. financial history by metric
About Macy's, Inc.
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.
Macy's, Inc. — frequently asked questions
What is Macy's, Inc.'s revenue?
Macy's, Inc. (M) reported revenue of $21.76B for fiscal year 2026, down 2.4% from the prior year, according to its SEC filings.
Is Macy's, Inc. profitable?
Yes. M earned net income of $642.00M in fiscal 2026, a net margin of 2.9%.
What is M's P/E ratio?
Macy's, Inc. trades at a price-to-earnings ratio of about 9.5 based on the latest data in our nightly-refreshed cache.
How fast is Macy's, Inc. growing?
M's revenue grew at roughly 4.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Macy's, Inc. have?
As of fiscal year 2026, M carried roughly $2.43B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Macy's, Inc.'s gross margin?
M's gross margin was 38.0% in fiscal 2026 — gross profit of $8.27B on revenue of $21.76B.
What is Macy's, Inc.'s market cap?
Macy's, Inc. (M) has a market capitalization of about $6.06B, based on the latest data in our nightly-refreshed cache.
When does Macy's, Inc.'s fiscal year end?
M's fiscal year ends in January. Its most recent annual filing covers the fiscal year ending 2026-01-31.
What growth is priced into M stock?
At today's market cap of $6.06B, Macy's, Inc. is priced for free-cash-flow growth of about -10% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.06B from the FY ending 2026-01-31). For comparison, free cash flow actually grew 27.7%/yr over the last five fiscal years and revenue 4.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Macy's, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.