Zacks Investment Research·4 days ago
Macy's (M) Up 1% Since Last Earnings Report: Can It Continue?Macy's (M) reported earnings 30 days ago. What's next for the stock?
Macy's, Inc.(M)Earnings, Financials & Key Ratios
M•NYSE
$23.13
10.0× P/E·Price updated Jul 7, 2026
AboutMacy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. 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.Show more
- Revenue$22.62B-1.7%
- EBITDA$1.92B+7.5%
- Net Income$642M+10.3%
- EPS (Diluted)2.32+12.1%
- Gross Margin36.55%-9.3%
- EBITDA Margin8.51%+9.3%
- Operating Margin4.55%+15.2%
- Net Margin2.84%+12.2%
- ROE13.64%+0.6%
M Price & Volume
Macy's, Inc. (M) stock price & volume — 10-year historical chart
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Structural Margin Volatility Masks Retail Turnaround Efforts
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Structural demand contraction
Key Thesis Takeaways
- Macy's faces a challenging transition as it attempts to balance a $5.1 billion debt load against stagnant revenue growth that only reached 2.1% in 2026Q1.
- While the company has made progress in deleveraging, the reliance on seasonal discounting to drive traffic—evidenced by gross margin fluctuations between 26.7% and 42.3%—suggests persistent structural headwinds.
- Investors should monitor whether the company can achieve sustainable operating leverage, as current margins frequently dip below 2% in non-holiday quarters.
Verdict Logic
while the stock trades at a 5.61x EV/EBITDA multiple, the inconsistent free cash flow trajectory and reliance on seasonal inventory cycles warrant a cautious approach until operating margins stabilize above the current 1.6% level.
M Growth Metrics
Macy's, Inc. (M) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.78%
5 Years4.56%
3 Years-3.85%
TTM-11.63%
Profit CAGR
10 Years-5%
5 Years-
3 Years-17.56%
TTM-11.07%
EPS CAGR
10 Years-3.22%
5 Years-
3 Years-17.88%
TTM-9.38%
Return on Capital
10 Years6.13%
5 Years10.42%
3 Years6.32%
Last Year8.72%
M Recent Earnings
Macy's, Inc. (M) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q3 2026Latest
Jun 3, 2026Metric
Actual
Est
EPS
$0.13+324.3%
$0.03
Rev
$4.7B+1.5%
$4.6B
Q2 2026
Mar 18, 2026Metric
Actual
Est
EPS
$1.67+9.2%
$1.53
Rev
$7.6B+1.8%
$7.5B
Q4 2025
Dec 3, 2025Metric
Actual
Est
EPS
$0.09+168.8%
$0.13
Rev
$4.9B+7.9%
$4.6B
Q4 2025
Sep 3, 2025Metric
Actual
Est
EPS
$0.41+115.8%
$0.19
Rev
$5.0B+10.3%
$4.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 3, 2026 | $0.13vs $0.03+324.3% | $4.7Bvs $4.6B+1.5% |
| Q2 2026 | Mar 18, 2026 | $1.67vs $1.53+9.2% | $7.6Bvs $7.5B+1.8% |
| Q4 2025 | Dec 3, 2025 | $0.09vs $0.13+168.8% | $4.9Bvs $4.6B+7.9% |
| Q4 2025 | Sep 3, 2025 | $0.41vs $0.19+115.8% | $5.0Bvs $4.5B+10.3% |
Based on last 12 quarters of dataView full earnings history →
Latest M News
Recent stock market news and headlines for Macy's, Inc. (M)
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Newsfile Corp·6 days ago
Myriad Uranium Commences Phase II Drilling at Copper MountainVancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that Phase II drilling at the Copper Mountain Uranium Project in Wyoming has commenced. Highlights Phase II drilling is now underway at the Copper Mountain Uranium Project in Wyoming.
Benzinga·6 days ago
Buffett Successor Bet Big on Alphabet, Delta and Macy's: Are the Moves Paying Off?Greg Abel took over the CEO role of Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) from legendary investor Warren Buffett at the end of 2025. In his first quarter in charge, Abel made several notable changes to the company's investment portfolio, with some new stock additions.
Accesswire·Jun 30, 2026
Guardian Metal Resources PLC Announces Pilot Mountain Pre-Feasibility Study ResultsPositive Pre-Feasibility Study Results for the Pilot Mountain Tungsten Project PFS Completion marks a critical step toward restoring domestically mined tungsten production in support of the U.S. defense industrial base and national security priorities At Base Case, Study Shows After-Tax NPV of US$660.3M and IRR of 59.6% LONDON, UK / ACCESS Newswire / June 30, 2026 / Guardian Metal Resources plc (NYSE.A:GMTL)(LON:GMET)(OTCQB:GMTLF), a strategic exploration company focused on tungsten in Nevada, USA, is pleased to announce the results of the Pre-Feasibility Study ("PFS" or the "Study") for the Pilot Mountain tungsten project ("Pilot Mountain" or the "Project"). The completion of the PFS marks a critical step in the Company's path towards the potential development of the first new United States ("U.S.") based tungsten mining operation in over a decade.
Peers Comparison
Key metrics vs top competitors for Macy's, Inc. (M)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.13 | $6.08B | 9.97 | -1.67% | 2.84% | 13.64% | 3.08% | |
| $16.76 | $1.88B | 7.07 | -4.28% | 1.76% | 6.83% | — | |
| $521.45 | $8.14B | 14.31 | -0.41% | 9.95% | 33.85% | — | |
| $42.69 | $2.2B | 10.31 | 6.58% | 16.85% | 47.36% | — | |
| $82.95 | $4.55B | 22.73 | 7.26% | 7.77% | 13.1% | — | |
| $154.11 | $170.57B | 31.58 | 7.12% | 9.4% | 59.66% | — |
Compare M vs Peers
Macy's, Inc. (M) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
M SEC Filings & Documents
Macy's, Inc. (M) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 3, 2026·SEC
Material company update
May 18, 2026·SEC
Material company update
Mar 26, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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M Frequently Asked Questions
Macy's, Inc. (M) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Macy's, Inc.'s revenue?
Macy's, Inc. (M) reported $22.72B in revenue for fiscal year 2025. This represents a 49% increase from $15.23B in 1996.
How fast is Macy's, Inc. growing?
Macy's, Inc. (M) saw revenue decline by 1.7% over the past year.
Is M profitable?
Yes, Macy's, Inc. (M) is profitable, generating $667.0M in net income for fiscal year 2025 (2.8% net margin).
Dividend & Returns
Does M pay dividends?
Yes, Macy's, Inc. (M) pays a dividend with a yield of 3.08%. This makes it attractive for income-focused investors.
What is M's return on equity?
Macy's, Inc. (M) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.
What is Macy's, Inc.'s free cash flow?
Macy's, Inc. (M) generated $1.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.