MACY'S INC (M) Stock Fundamental Analysis

NYSE:M • US55616P1049

22.41 USD
+0.4 (+1.82%)
At close: Feb 20, 2026
22.4 USD
-0.01 (-0.04%)
After Hours: 2/20/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to M. M was compared to 30 industry peers in the Broadline Retail industry. M has an average financial health and profitability rating. M has a valuation in line with the averages, but it does not seem to be growing.


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.
  • In the past 5 years M always reported a positive cash flow from operatings.
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

  • With a Return On Assets value of 2.80%, M perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
  • M has a Return On Equity of 11.04%. This is in the better half of the industry: M outperforms 63.33% of its industry peers.
  • M has a Return On Invested Capital of 6.20%. This is comparable to the rest of the industry: M outperforms 56.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for M is in line with the industry average of 9.24%.
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

  • With a Profit Margin value of 2.10%, M perfoms like the industry average, outperforming 53.33% of the companies in the same 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.
  • The Gross Margin of M (40.38%) is worse than 63.33% of its industry peers.
  • M's Gross Margin has been stable in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so M is destroying value.
  • The number of shares outstanding for M has been increased compared to 1 year ago.
  • M has less shares outstanding than it did 5 years ago.
  • M has a better debt/assets ratio than last year.
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 2.42 indicates that M is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • M has a Altman-Z score of 2.42. This is comparable to the rest of the industry: M outperforms 56.67% of its industry peers.
  • 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.
  • With a decent Debt to FCF ratio value of 3.05, M is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.56 indicates that M is somewhat dependend on debt financing.
  • M's Debt to Equity ratio of 0.56 is on the low side compared to the rest of the industry. M is outperformed by 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 3.05
Altman-Z 2.42
ROIC/WACC0.71
WACC8.68%
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

  • M has a Current Ratio of 1.25. This is a normal value and indicates that M is financially healthy and should not expect problems in meeting 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.
  • The Quick ratio of M (0.18) is worse 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%.
  • The Earnings Per Share has been decreasing by -1.93% on average over the past years.
  • M shows a decrease in Revenue. In the last year, the revenue decreased by -2.83%.
  • M shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.91% yearly.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.11 indicates a reasonable valuation of M.
  • M's Price/Earnings ratio is rather cheap when compared to the industry. M is cheaper than 93.33% of the companies in the same industry.
  • M is valuated cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 9.92, the valuation of M can be described as reasonable.
  • 80.00% of the companies in the same industry are more expensive than M, based on the Price/Forward Earnings ratio.
  • M's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 9.11
Fwd PE 9.92
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of M indicates a rather cheap valuation: M is cheaper than 90.00% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of M indicates a rather cheap valuation: M is cheaper than 86.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.48
EV/EBITDA 4.34
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

  • M has a Yearly Dividend Yield of 3.34%.
  • Compared to an average industry Dividend Yield of 1.78, M pays a better dividend. On top of this M pays more dividend than 93.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.85, M pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.34%

5.2 History

  • The dividend of M decreases each year by -14.37%.
  • M has paid a dividend for at least 10 years, which is 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

  • 41.21% of the earnings are spent on dividend by M. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

MACY'S INC

NYSE:M (2/20/2026, 8:04:00 PM)

After market: 22.4 -0.01 (-0.04%)

22.41

+0.4 (+1.82%)

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-3.62%
Ins Owners0.05%
Ins Owner Change-2.59%
Market Cap5.96B
Revenue(TTM)22.71B
Net Income(TTM)478.00M
Analysts54.74
Price Target22.19 (-0.98%)
Short Float %9.82%
Short Ratio3.78
Dividend
Industry RankSector Rank
Dividend Yield 3.34%
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)-0.4%
PT rev (3m)33.92%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)0.03%
EPS NY rev (1m)0%
EPS NY rev (3m)11.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.42%
Valuation
Industry RankSector Rank
PE 9.11
Fwd PE 9.92
P/S 0.26
P/FCF 7.48
P/OCF 3.83
P/B 1.38
P/tB 1.94
EV/EBITDA 4.34
EPS(TTM)2.46
EY10.98%
EPS(NY)2.26
Fwd EY10.08%
FCF(TTM)3
FCFY13.38%
OCF(TTM)5.85
OCFY26.1%
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 2.42
F-Score6
WACC8.68%
ROIC/WACC0.71
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 Year79.29%
EBIT Next 3Y21.02%
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.