Macy's Financial Ratios
NYSE: MConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Macy's ratio analysis
Macy's earned a net margin of 2.8% in FY 2025, up from 2.5% a year earlier. Gross margin was 40.3% compared with a median of 39.2% over the prior 9 years. Return on equity reached 13.2%, meaning Macy's generated 0.13 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.50 versus 0.61 the year before, and the current ratio was 1.49. At the end of FY 2025, M traded at 8.6 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 4.9 to 116.4, with a median of 7.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Macy's financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 8.63 | 7.53 | 116.44 | 5.66 | 5.63 | — | 8.81 | 7.23 | 4.88 | 14.41 |
| Price / sales | 0.24 | 0.19 | 0.21 | 0.25 | 0.31 | 0.27 | 0.20 | 0.32 | 0.30 | 0.35 |
| Price / book | 1.11 | 0.95 | 1.27 | 1.57 | 2.16 | 1.83 | 0.77 | 1.23 | 1.32 | 2.08 |
| Gross margin | 40.3% | 40.3% | 40.4% | 39.7% | 41.1% | 29.2% | 38.2% | 39.1% | 38.8% | 39.2% |
| Operating margin | 4.6% | 4.0% | 1.3% | 6.6% | 9.2% | -25.8% | 3.9% | 7.0% | 7.5% | 5.3% |
| Net margin | 2.8% | 2.5% | 0.2% | 4.5% | 5.6% | -22.7% | 2.3% | 4.4% | 6.3% | 2.4% |
| Free cash flow margin | 4.7% | 3.3% | 2.8% | 2.9% | 9.3% | 1.8% | 2.9% | 4.3% | 6.0% | 4.7% |
| Return on equity (ROE) | 13.2% | 12.8% | 1.1% | 28.4% | 39.2% | -154.5% | 8.8% | 17.2% | 27.3% | 14.5% |
| Return on assets (ROA) | 4.0% | 3.5% | 0.3% | 6.8% | 8.1% | -22.3% | 2.7% | 5.8% | 8.0% | 3.2% |
| Debt / equity | 0.50 | 0.61 | 0.74 | 0.74 | 0.91 | 1.90 | 0.65 | 0.74 | 1.02 | 1.59 |
| Current ratio | 1.49 | 1.43 | 1.34 | 1.20 | 1.25 | 1.15 | 1.18 | 1.42 | 1.48 | 1.35 |
| Revenue growth | -1.7% | -3.6% | -6.2% | 0.2% | 46.4% | -29.4% | -1.6% | 0.1% | -3.7% | -4.3% |
| EPS growth | 12.1% | 1,193.8% | -96.1% | -9.7% | — | -800.6% | -49.2% | -30.2% | 152.5% | -37.3% |