MACY'S INC (M) Stock Fundamental Analysis

NYSE:M • US55616P1049

18.805 USD
-0.98 (-4.93%)
Last: Mar 2, 2026, 12:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall M gets a fundamental rating of 4 out of 10. We evaluated M against 30 industry peers in the Broadline Retail industry. M has an average financial health and profitability rating. M is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • M had positive earnings in the past year.
  • In the past year M had a positive cash flow from operations.
  • M had positive earnings in 4 of the past 5 years.
  • M had a positive operating cash flow in each of the past 5 years.
M Yearly Net Income VS EBIT VS OCF VS FCFM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • M has a Return On Assets (2.80%) which is comparable to the rest of the industry.
  • M has a better Return On Equity (11.04%) than 63.33% of its industry peers.
  • The Return On Invested Capital of M (6.20%) is comparable to the rest of the industry.
  • M had an Average Return On Invested Capital over the past 3 years of 8.23%. This is in line with the industry average of 9.34%.
Industry RankSector Rank
ROA 2.8%
ROE 11.04%
ROIC 6.2%
ROA(3y)3.54%
ROA(5y)-0.71%
ROE(3y)13.99%
ROE(5y)-14.6%
ROIC(3y)8.23%
ROIC(5y)N/A
M Yearly ROA, ROE, ROICM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

1.3 Margins

  • M has a Profit Margin (2.10%) which is comparable to the rest of the industry.
  • M's Profit Margin has improved in the last couple of years.
  • M has a Operating Margin (4.00%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of M has declined.
  • M has a worse Gross Margin (40.38%) than 63.33% of its industry peers.
  • In the last couple of years the Gross Margin of M has remained more or less at the same level.
Industry RankSector Rank
OM 4%
PM (TTM) 2.1%
GM 40.38%
OM growth 3Y-23.39%
OM growth 5Y-2.37%
PM growth 3Y-23.51%
PM growth 5Y2.59%
GM growth 3Y-0.48%
GM growth 5Y0.08%
M Yearly Profit, Operating, Gross MarginsM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • M has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • M has more shares outstanding than it did 1 year ago.
  • M has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, M has an improved debt to assets ratio.
M Yearly Shares OutstandingM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
M Yearly Total Debt VS Total AssetsM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 2.39 indicates that M is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.39, M perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
  • The Debt to FCF ratio of M is 3.05, which is a good value as it means it would take M, 3.05 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of M (3.05) is better than 76.67% of its industry peers.
  • A Debt/Equity ratio of 0.56 indicates that M is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.56, M perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 3.05
Altman-Z 2.39
ROIC/WACC0.72
WACC8.59%
M Yearly LT Debt VS Equity VS FCFM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.25 indicates that M should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.25, M is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.18 indicates that M may have some problems paying its short term obligations.
  • M has a worse Quick ratio (0.18) than 90.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.18
M Yearly Current Assets VS Current LiabilitesM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • M shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.23%.
  • Measured over the past years, M shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.93% on average per year.
  • The Revenue has decreased by -2.83% in the past year.
  • The Revenue has been decreasing by -1.91% on average over the past years.
EPS 1Y (TTM)-25.23%
EPS 3Y-21.03%
EPS 5Y-1.93%
EPS Q2Q%125%
Revenue 1Y (TTM)-2.83%
Revenue growth 3Y-3.11%
Revenue growth 5Y-1.91%
Sales Q2Q%-0.61%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.62% on average over the next years.
  • The Revenue is expected to decrease by -2.90% on average over the next years.
EPS Next Y-16.11%
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%
EPS Next 5Y0.62%
Revenue Next Year-3.74%
Revenue Next 2Y-2.96%
Revenue Next 3Y-2.9%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
M Yearly Revenue VS EstimatesM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B 25B
M Yearly EPS VS EstimatesM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 -2 4

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.64, the valuation of M can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of M indicates a rather cheap valuation: M is cheaper than 93.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, M is valued rather cheaply.
  • M is valuated reasonably with a Price/Forward Earnings ratio of 8.33.
  • Based on the Price/Forward Earnings ratio, M is valued a bit cheaper than 80.00% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of M to the average of the S&P500 Index (28.05), we can say M is valued rather cheaply.
Industry RankSector Rank
PE 7.64
Fwd PE 8.33
M Price Earnings VS Forward Price EarningsM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, M is valued cheaper than 93.33% of the companies in the same industry.
  • M's Price/Free Cash Flow ratio is rather cheap when compared to the industry. M is cheaper than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.27
EV/EBITDA 4.02
M Per share dataM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • M's earnings are expected to decrease with -4.16% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.59%, M has a reasonable but not impressive dividend return.
  • M's Dividend Yield is rather good when compared to the industry average which is at 1.88. M pays more dividend than 96.67% of the companies in the same industry.
  • M's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.59%

5.2 History

  • The dividend of M decreases each year by -14.37%.
  • M has been paying a dividend for at least 10 years, so it has a reliable track record.
  • M has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-14.37%
Div Incr Years3
Div Non Decr Years3
M Yearly Dividends per shareM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • M pays out 41.21% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.21%
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%
M Yearly Income VS Free CF VS DividendM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B
M Dividend Payout.M Dividend Payout, showing the Payout Ratio.M Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MACY'S INC

NYSE:M (3/2/2026, 12:01:08 PM)

18.805

-0.98 (-4.93%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)12-03
Earnings (Next)05-26
Inst Owners92.13%
Inst Owner Change-2.13%
Ins Owners0.05%
Ins Owner Change-2.59%
Market Cap5.00B
Revenue(TTM)22.71B
Net Income(TTM)478.00M
Analysts54.74
Price Target22.08 (17.42%)
Short Float %9.82%
Short Ratio3.78
Dividend
Industry RankSector Rank
Dividend Yield 3.59%
Yearly Dividend0.7
Dividend Growth(5Y)-14.37%
DP41.21%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)141.17%
Min EPS beat(2)119.65%
Max EPS beat(2)162.7%
EPS beat(4)4
Avg EPS beat(4)76.51%
Min EPS beat(4)8.59%
Max EPS beat(4)162.7%
EPS beat(8)8
Avg EPS beat(8)72.07%
EPS beat(12)12
Avg EPS beat(12)450.85%
EPS beat(16)16
Avg EPS beat(16)352.8%
Revenue beat(2)0
Avg Revenue beat(2)-0.48%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-1.02%
Min Revenue beat(4)-3.2%
Max Revenue beat(4)0.11%
Revenue beat(8)1
Avg Revenue beat(8)-2.1%
Revenue beat(12)2
Avg Revenue beat(12)-1.69%
Revenue beat(16)6
Avg Revenue beat(16)-0.46%
PT rev (1m)-0.51%
PT rev (3m)32.32%
EPS NQ rev (1m)0.48%
EPS NQ rev (3m)-1.01%
EPS NY rev (1m)0%
EPS NY rev (3m)11.84%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 7.64
Fwd PE 8.33
P/S 0.22
P/FCF 6.27
P/OCF 3.22
P/B 1.16
P/tB 1.62
EV/EBITDA 4.02
EPS(TTM)2.46
EY13.08%
EPS(NY)2.26
Fwd EY12.01%
FCF(TTM)3
FCFY15.94%
OCF(TTM)5.85
OCFY31.1%
SpS85.42
BVpS16.28
TBVpS11.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.02
Profitability
Industry RankSector Rank
ROA 2.8%
ROE 11.04%
ROCE 8.12%
ROIC 6.2%
ROICexc 6.46%
ROICexgc 7.31%
OM 4%
PM (TTM) 2.1%
GM 40.38%
FCFM 3.51%
ROA(3y)3.54%
ROA(5y)-0.71%
ROE(3y)13.99%
ROE(5y)-14.6%
ROIC(3y)8.23%
ROIC(5y)N/A
ROICexc(3y)9.01%
ROICexc(5y)N/A
ROICexgc(3y)11.04%
ROICexgc(5y)N/A
ROCE(3y)10.79%
ROCE(5y)N/A
ROICexgc growth 3Y-25.28%
ROICexgc growth 5Y-1.61%
ROICexc growth 3Y-26.03%
ROICexc growth 5Y2.34%
OM growth 3Y-23.39%
OM growth 5Y-2.37%
PM growth 3Y-23.51%
PM growth 5Y2.59%
GM growth 3Y-0.48%
GM growth 5Y0.08%
F-Score6
Asset Turnover1.33
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 3.05
Debt/EBITDA 1.35
Cap/Depr 84.6%
Cap/Sales 3.34%
Interest Coverage 4.68
Cash Conversion 86.2%
Profit Quality 166.74%
Current Ratio 1.25
Quick Ratio 0.18
Altman-Z 2.39
F-Score6
WACC8.59%
ROIC/WACC0.72
Cap/Depr(3y)120.64%
Cap/Depr(5y)95.76%
Cap/Sales(3y)4.36%
Cap/Sales(5y)3.6%
Profit Quality(3y)263.1%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.23%
EPS 3Y-21.03%
EPS 5Y-1.93%
EPS Q2Q%125%
EPS Next Y-16.11%
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%
EPS Next 5Y0.62%
Revenue 1Y (TTM)-2.83%
Revenue growth 3Y-3.11%
Revenue growth 5Y-1.91%
Sales Q2Q%-0.61%
Revenue Next Year-3.74%
Revenue Next 2Y-2.96%
Revenue Next 3Y-2.9%
Revenue Next 5YN/A
EBIT growth 1Y-18.64%
EBIT growth 3Y-25.78%
EBIT growth 5Y-4.23%
EBIT Next Year78.51%
EBIT Next 3Y20.64%
EBIT Next 5Y12.87%
FCF growth 1Y255.8%
FCF growth 3Y-42.79%
FCF growth 5Y-2.57%
OCF growth 1Y21.01%
OCF growth 3Y-22.18%
OCF growth 5Y-4.49%

MACY'S INC / M FAQ

What is the ChartMill fundamental rating of MACY'S INC (M) stock?

ChartMill assigns a fundamental rating of 4 / 10 to M.


What is the valuation status of MACY'S INC (M) stock?

ChartMill assigns a valuation rating of 6 / 10 to MACY'S INC (M). This can be considered as Fairly Valued.


What is the profitability of M stock?

MACY'S INC (M) has a profitability rating of 4 / 10.


Can you provide the financial health for M stock?

The financial health rating of MACY'S INC (M) is 4 / 10.


What is the expected EPS growth for MACY'S INC (M) stock?

The Earnings per Share (EPS) of MACY'S INC (M) is expected to decline by -16.11% in the next year.