M

Macy's, Inc. Consumer Discretionary Retail-Department Stores Russell 3000
$24.11Close $6.3BMarket cap $16.79 – $26.2152-week range Dec 2, 2026Next report

Highlights

Strengths

  • Earnings growing EPS +97% year on year, faster than the quarter before (+26 pts)

Cautions

  • Trend not confirmed 7 of 8 conditions · RS under 70

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Jan 31, 2026 · filed Sep 10, 2026
Off 12-month high 8%
1wk 0.0% price change
1mo up 5.9% price change
12-month return up 27% market up 11% · its own up 16%
F-score 7 / 9 Strong
Altman Z″ 3.15 Low risk
P/E 9.9× price / earnings
PEG 0.80 P/E / EPS growth
P/B 1.3× price / book
Earnings yield up 13.7% EBIT / enterprise value
Cheaper than 93% of the market · markedly cheap
Revenue growth down 2% year on year
EPS growth up 97% latest quarter · +26 pts
Sales growth up 1% latest quarter · -1 pts
ROE up 14% return on equity
Free cash margin up 5% $1.1B FCF
D/E 0.50 long-term debt / equity
Net debt / EBITDA 0.6×
Interest cover 7.4×EBIT / interest
Piotroski tests
  • gross margin narrowed
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • no new shares issued

Repair signals

  • Long-term debt down 12% ($2.8B → $2.4B)

Trade setup

ATR% 3.7% $0.88 a day · 2×ATR $22.34
RS 66 / 99 vs the universe
Trend 7 / 8 RS under 70
Relative volume 0.9× vs 50-day average
Up/down volume 0.77 50 sessions
Implied move — no option chain · report Dec 2, 2026
Trend template · 7 of 8
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Revenue shrinking Revenue fell 2.4% over the year, from $22.3B to $21.8B.
Last reported Sep 10, 2026
Results reaction Sep 10, 2026+2% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $21.8B -2% on FY2025
$0 $25B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $17.3B FY2022 · $24.5B FY2023 · $24.4B FY2024 · $23.1B FY2025 · $22.3B FY2026 · $21.8B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $642.0M +10% on FY2025
-$5B $0 $2B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · -$3.9B FY2022 · $1.4B FY2023 · $1.1B FY2024 · $45.0M FY2025 · $582.0M FY2026 · $642.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $1.1B +39% on FY2025
$0 $2.5B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $311.0M FY2022 · $2.4B FY2023 · $727.0M FY2024 · $674.0M FY2025 · $760.0M FY2026 · $1.1B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 38%
  • Net 3%
  • Free cash 5%
-25% 0% 50% FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Gross 29% · Net -23% · Free cash 2% FY2022 · Gross 39% · Net 6% · Free cash 10% FY2023 · Gross 37% · Net 5% · Free cash 3% FY2024 · Gross 38% · Net 0% · Free cash 3% FY2025 · Gross 38% · Net 3% · Free cash 3% FY2026 · Gross 38% · Net 3% · Free cash 5%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.2B net debt
  • Cash
  • Long-term debt
$0 $5B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Cash $1.7B · Long-term debt $4.3B FY2022 · Cash $1.7B · Long-term debt $3.3B FY2023 · Cash $862.0M · Long-term debt $3.0B FY2024 · Cash $1.0B · Long-term debt $3.0B FY2025 · Cash $1.3B · Long-term debt $2.8B FY2026 · Cash $1.2B · Long-term debt $2.4B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 263m -15.3% since FY2021
310.50m 263m FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · 310.50m FY2022 · 292.36m FY2023 · 271.35m FY2024 · 274.23m FY2025 · 277.69m FY2026 · 263m
  FY2021Jan 30, 2021 FY2022Jan 29, 2022 FY2023Jan 28, 2023 FY2024Feb 3, 2024 FY2025Feb 1, 2025 FY2026Jan 31, 2026
Revenue $17.3B $24.5B $24.4B $23.1B $22.3B $21.8B
Gross margin 29% 39% 37% 38% 38% 38%
Operating income -$4.5B $2.3B $1.7B $301.0M $909.0M $1.0B
Net income -$3.9B $1.4B $1.1B $45.0M $582.0M $642.0M
Net margin -23% 6% 5% 0% 3% 3%
Earnings per share -$12.68 $4.52 $4.08 $0.16 $2.07 $2.32
Free cash flow $311.0M $2.4B $727.0M $674.0M $760.0M $1.1B
Free cash margin 2% 10% 3% 3% 3% 5%
Cash $1.7B $1.7B $862.0M $1.0B $1.3B $1.2B
Long-term debt $4.3B $3.3B $3.0B $3.0B $2.8B $2.4B
Shareholders' equity $2.6B $3.6B $4.0B $4.0B $4.6B $4.9B
Shares outstanding 310.50m 292.36m 271.35m 274.23m 277.69m 263m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Sep 10, 2026 Quarterly ↗ Aug 1, 2026 40d
Jun 4, 2026 Quarterly ↗ May 2, 2026 33d
Mar 27, 2026 Annual ↗ Jan 31, 2026 55d
Dec 10, 2025 Quarterly ↗ Nov 1, 2025 39d
Sep 10, 2025 Quarterly ↗ Aug 2, 2025 39d
Jun 5, 2025 Quarterly ↗ May 3, 2025 33d
Mar 21, 2025 Annual ↗ Feb 1, 2025 48d
Dec 12, 2024 Quarterly ↗ Nov 2, 2024 40d
Sep 4, 2024 Quarterly ↗ Aug 3, 2024 32d
May 30, 2024 Quarterly ↗ May 4, 2024 26d
Mar 22, 2024 Annual ↗ Feb 3, 2024 48d
Nov 28, 2023 Quarterly ↗ Oct 28, 2023 31d

Current reports