Stock Analysis
Macy's Inc.M
P/E 9.83×· 5Y range 2.71–54.70×· 60th percentile of history
Sector: Consumer Cyclical · Industry: Retail-Department Stores
AnalystsHold20 analystsP/E 9.8× sits at the 60th percentile of its 5.089664613278576-year history.
Cash covers 25% of debt · Q2 2027.
PMP Verdict
Weak fundamentals
Strengths
- Quality66
Risks
- Growth5
- Profitability28
Weak fundamentals — valuation is the only support.
Bull Case
- ✓Interest coverage 9.9× — debt well covered
What's happening with M
Profile
Strong valuation; growth, profitability and moat lag behind.
How is each axis scored?
- Valuation75/100 · Strong
- P/E vs own history (60th pct)5/25
- FCF yield (16.9%)25/25
- P/S (0.3x)25/25
- EV/EBIT (13.1x)20/25
- Growth5/100 · Weak
- Revenue CAGR (-1.9%)0/25
- Net income CAGR (-14.1%)0/25
- EPS CAGR 5Y (-12.6%)0/25
- Fwd implied growth (1.6%)5/25
- Profitability28/100 · Weak
- ROIC (7.0%)5/25
- ROE (13.0%)12/25
- Net margin (2.8%)6/25
- Operating margin (3.4%)5/25
- Financial Health58/100 · Moderate
- Altman Z (1.85)10/25
- Current ratio (1.59)18/25
- Interest coverage (9.9x)18/25
- Net cash / debt (D/A 24%)12/25
- Quality66/100 · Moderate
- Piotroski F (4/9)10/25
- Beneish M (-3.31)25/25
- FCF conversion (165%)25/25
- Margin stability (σ 24.4%)6/25
- Moat44/100 · Weak
- ROIC >12% years (5/11 yrs)6/25
- Median gross margin (39.1%)13/25
- FCF-positive years (11/11 yrs)25/25
- Worst-year net margin (worst -22.7%)0/25
Risk Flags
- ⚠Revenue shrinking 1.9%/yr
About Macy's Inc.
Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemercury specialty beauty stores. Show more
Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 64% of 2025 net retail sales.
Headquarters: NEW YORK, NY · Employees: 90,134 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
75B+P/E (TTM)9.8xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 2.7x–54.7x · 60th pct
P/FCF5.1xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield16.9%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 8.2%–42.2% · 41st pct
P/S (TTM)0.28xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.1x–0.5x · 84th pct
EV/EBIT13.1xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 2.7x–22.6x · 80th pct
EV/Sales0.3xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E9.7xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.27xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.15A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.16%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio26.4%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
28EROIC7.0%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE13.0%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA4.6%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin2.8%D
Grade D: LowNet Income / Revenue
Operating Margin3.4%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin39.9%C
Grade C: AverageGross Profit / Revenue
FCF Margin4.7%D
Grade D: LowFCF / Revenue
True FCF Margin4.4%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
5ERevenue CAGR-1.9%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-14.1%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-12.6%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth1.6%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-7.6%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income9.2%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.3%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
58CAltman Z-Score1.85C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.59xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.38xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage9.9xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.6yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT4.9xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.03xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.25xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
66BPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-3.31A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion164.6%A
Grade A: StrongFCF / Net Income
Margin Stability24.4%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue1.6%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.39xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
MARKEE RICHARD L Filed | MARKEE RICHARD L | Grant / award | +1.2K | |
MARKEE RICHARD L Filed | MARKEE RICHARD L | Grant / award | +1.3K | |
Griscom Paul Filed | Griscom Paul | SellOpen market sale | -10077 | |
Edwards Thomas Jr. Filed | Edwards Thomas Jr. | SellOpen market sale | -16419 | |
Edwards Thomas Jr. Filed | Edwards Thomas Jr. | Option exercise | -36419 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Edwards Thomas Jr. Filed | Edwards Thomas Jr. | Option exercise | +36.4K | |
Arel Emilie Filed | Arel Emilie | Grant / award | +8.3K | |
Boone Torrence Filed | Boone Torrence | Grant / award | +8.3K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
44D+ROIC >12% Years5/11 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)39.1%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years11/11 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-22.7%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.44
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$4.94
Cash & short-term investments per share (Finnhub)
Book Value / Share$18.82
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$5.09B
Total debt obligations (short + long term)
Cash & Equiv.$1.29B
Cash and short-term investments
Net Debt$3.79B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$4.93B
Shareholders' equity (book value)
Asset / Liability1.46xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$6.27B
Current Market Capitalization
Beta1.44C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Aug 2026 · Ratio snapshot Oct 16, 2026
Key Insights: Macy's Inc. (M)
M is down 0.91% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Macy's Inc.. Altman Z-Score of 1.85 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -3.31 suggests a low likelihood of earnings manipulation. Revenue has been contracting (CAGR ≈ -2%), which weighs on the growth outlook.
- Takes ~3.6 years to repay net debt from free cash flow.
- Macy's Inc. posted a net loss in 1 of 10 available completed fiscal years (2017–2026).
- At a valuation score of 75/100, M trades near the cheapest end of its own historical range (P/E 9.8).
- The stock currently yields 3.2% in dividends.
See how M ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all M moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 24.17 | +6.55% | 4.68 |
| Oct 15 | After-hours | 24.13 | +6.40% | 4.57 |
Frequently Asked Questions about M
What is the current Macy's Inc. (M) stock price?
M is trading at $24.00 at the last market close, down 0.91% on the session. PreMarketPrice tracks M pre-market, intraday and after-hours prices.
Is M stock a buy right now?
PreMarketPrice's quantitative model rates Macy's Inc.'s financial health at 58/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is M stock overvalued?
Macy's Inc. trades at a trailing P/E of 9.8 and our valuation score rates it 75/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Macy's Inc. report earnings?
No confirmed earnings date is currently scheduled for M. The Earnings section lists recent reports and updates as dates are announced.
What sector does Macy's Inc. operate in?
Macy's Inc. operates in the Consumer Cyclical sector, within the Retail-Department Stores industry. The Related Stocks section lists sector peers for comparison.
What does Macy's Inc. do?
Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemercury specialty beauty stores.
About Macy's Inc. (M) Stock
Macy's Inc. (M) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Retail-Department Stores industry. As of the latest update, Macy's Inc. is trading at $24.00, down 0.91% on the day with a market capitalization of $6.3 billion. The financial health score for M is 58/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for M stock.
M Stock Analysis & Key Metrics
On PreMarketPrice, you can track Macy's Inc. (M) across multiple dimensions:
- Pre-market price & movement: Real-time M stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for M with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Macy's Inc. across multiple reporting periods.
- Financial health score: A composite score of 58/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for M.
- Sector peers: Compare M against 6 other consumer cyclical stocks on key financial metrics.
Is M a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Macy's Inc. (M) as an investment. The financial health score of 58/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Macy's Inc. (M) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.