Balance Sheet Macy's, Inc.

Equities

M

US55616P1049

Department Stores

Market Closed - Nyse Other stock markets 04:00:02 2026-04-10 pm EDT			5-day change	1st Jan Change
18.86 ^USD	-1.46%		+5.84%	-14.47%

Mar. 26	Macy's, Inc. Announces Board Changes	CI
Mar. 23	Softline Retailers Poised for Earnings Upside This Year Amid 'Good' Consumer Spending Plans, UBS Says	MT

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Published financial data: MACY'S, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2022	2023	2024	2025	2026
Revenues	24.46B	24.44B	23.09B	22.29B	21.76B
Other Revenues, Total	832M	863M	774M	713M	857M
Total Revenues	25.29B	25.3B	23.87B	23.01B	22.62B
Cost of Goods Sold, Total	14.96B	15.31B	14.14B	13.74B	13.5B
Gross Profit	10.34B	10B	9.72B	9.27B	9.12B
Selling General & Admin Expenses, Total	7.98B	8.3B	8.36B	8.31B	8.22B
Other Operating Expenses	21M	21M	15M	39M	23M
Other Operating Expenses, Total	8B	8.32B	8.38B	8.35B	8.25B
Operating Income	2.33B	1.68B	1.34B	913M	877M
Interest Expense, Total	-256M	-175M	-135M	-115M	-97M
Interest And Investment Income	1M	13M	-	-	-
Net Interest Expenses	-255M	-162M	-135M	-115M	-97M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	2.08B	1.52B	1.21B	798M	780M
Restructuring Charges	-3M	-5M	-55M	-44M	-47M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	91M	89M	61M	144M	48M
Asset Writedown	-6M	-15M	-957M	-88M	-160M
Legal Settlements	-	-	-	-	328M
Other Unusual Items	-295M	-70M	-134M	-47M	-100M
EBT, Incl. Unusual Items	1.87B	1.52B	124M	763M	849M
Income Tax Expense	436M	341M	19M	181M	207M
Earnings From Continuing Operations	1.43B	1.18B	105M	582M	642M
Net Income to Company	1.43B	1.18B	105M	582M	642M
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.43B	1.18B	105M	582M	642M
Net Income to Common Incl Extra Items	1.43B	1.18B	105M	582M	642M
Net Income to Common Excl. Extra Items	1.43B	1.18B	105M	582M	642M
Per Share Items
Net EPS - Basic	4.66	4.28	0.38	2.1	2.37
Basic EPS - Continuing Operations	4.66	4.28	0.38	2.1	2.37
Basic Weighted Average Shares Outstanding	307M	275M	274M	278M	271M
Net EPS - Diluted	4.55	4.19	0.38	2.07	2.32
Diluted EPS - Continuing Operations	4.55	4.19	0.38	2.07	2.32
Diluted Weighted Average Shares Outstanding	314M	281M	278M	282M	276M
Normalized Basic EPS	4.24	3.46	2.76	1.8	1.8
Normalized Diluted EPS	4.14	3.38	2.72	1.77	1.76
Dividend Per Share	0.3	0.63	0.66	0.69	0.73
Payout Ratio	6.29	14.7	172.38	32.99	30.69
Supplemental Items
EBITDA	2.97B	2.3B	1.97B	1.48B	1.42B
EBITA	2.34B	1.68B	1.35B	918M	882M
EBIT	2.33B	1.68B	1.34B	913M	877M
EBITDAR	3.38B	2.61B	2.28B	1.79B	1.71B
Total Revenues (As Reported)	-	-	23.87B	23.01B	22.62B
Effective Tax Rate - (Ratio)	23.37	22.46	15.32	23.72	24.38
Current Domestic Taxes	417M	379M	263M	233M	144M
Current Foreign Taxes	-	-	-	-	1M
Total Current Taxes	417M	379M	263M	233M	145M
Deferred Domestic Taxes	19M	-38M	-244M	-52M	63M
Total Deferred Taxes	19M	-38M	-244M	-52M	63M
Normalized Net Income	1.3B	949M	756M	499M	488M
Interest Capitalized	14M	22M	28M	30M	28M
Interest on Long-Term Debt	273M	199M	200M	191M	169M
Non-Cash Pension Expense	-62M	-16M	-8M	-12M	-12M
Supplemental Operating Expense Items
Advertising Expense	1.18B	1.16B	1.11B	1.1B	1B
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	413M	304M	303M	304M	289M
Imputed Operating Lease Interest Expense	119M	73.61M	62.54M	56.81M	49.65M
Imputed Operating Lease Depreciation	294M	230M	240M	247M	239M
Stock-Based Comp., SG&A Exp. (Total)	55M	54M	47M	58M	59M
Total Stock-Based Compensation	55M	54M	47M	58M	59M

Fiscal Period: January	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	1.71B	862M	1.03B	1.31B	1.25B
Total Cash And Short Term Investments	1.71B	862M	1.03B	1.31B	1.25B
Accounts Receivable, Total	297M	300M	293M	303M	628M
Other Receivables	-	-	-	17M	-
Total Receivables	297M	300M	293M	320M	628M
Inventory	4.38B	4.27B	4.36B	4.47B	4.41B
Prepaid Expenses	207M	237M	276M	270M	264M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	159M	187M	125M	115M	123M
Total Current Assets	6.76B	5.85B	6.09B	6.48B	6.67B
Gross Property Plant And Equipment	13.03B	13.24B	11.9B	11.5B	11.15B
Accumulated Depreciation	-4.56B	-4.65B	-4.29B	-4.19B	-4.27B
Net Property Plant And Equipment	8.47B	8.6B	7.61B	7.31B	6.88B
Goodwill	828M	828M	828M	828M	828M
Other Intangibles, Total	946M	1.1B	1.19B	1.23B	1.24B
Other Long-Term Assets, Total	585M	491M	529M	555M	621M
Total Assets	17.59B	16.87B	16.25B	16.4B	16.24B
Liabilities
Accounts Payable, Total	3.28B	2.87B	2.52B	2.75B	2.62B
Accrued Expenses, Total	818M	719M	680M	713M	739M
Current Portion of Long-Term Debt	-	-	-	6M	-
Current Portion of Leases	330M	335M	358M	367M	363M
Current Income Taxes Payable	108M	58M	83M	-	71M
Unearned Revenue Current, Total	481M	399M	384M	353M	349M
Other Current Liabilities	399M	476M	402M	339M	348M
Total Current Liabilities	5.42B	4.86B	4.43B	4.52B	4.49B
Long-Term Debt	3.3B	3B	3B	2.77B	2.43B
Long-Term Leases	3.1B	2.96B	2.99B	2.93B	2.77B
Pension & Other Post Retirement Benefits	598M	495M	456M	425M	410M
Deferred Tax Liability Non Current	983M	947M	745M	724M	805M
Other Non Current Liabilities	579M	522M	494M	477M	466M
Total Liabilities	13.97B	12.78B	12.11B	11.85B	11.38B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	517M	467M	352M	300M	269M
Retained Earnings	5.27B	6.27B	6.19B	6.5B	6.94B
Treasury Stock	-1.54B	-2.04B	-1.91B	-1.8B	-1.96B
Comprehensive Income and Other	-622M	-618M	-496M	-449M	-392M
Total Common Equity	3.62B	4.08B	4.14B	4.55B	4.86B
Minority Interest	-	-	-	-	-
Total Equity	3.62B	4.08B	4.14B	4.55B	4.86B
Total Liabilities And Equity	17.59B	16.87B	16.25B	16.4B	16.24B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	292M	271M	274M	278M	264M
ECS Total Common Shares Outstanding	292M	271M	274M	278M	263M
Book Value / Share	12.39	15.04	15.09	16.39	18.48
Tangible Book Value	1.85B	2.16B	2.12B	2.5B	2.8B
Tangible Book Value Per Share	6.32	7.95	7.74	8.99	10.63
Total Debt	6.72B	6.29B	6.34B	6.07B	5.57B
Net Debt	5.01B	5.43B	5.31B	4.77B	4.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	112M	98M	12M	-65M	-134M
Debt Equivalent Oper. Leases	3.3B	2.43B	2.42B	2.43B	2.31B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	4	4	4	4	4
Inventories - Finished Goods, Total	4.38B	4.27B	4.36B	4.47B	4.41B
Land - (BS)	1.35B	1.33B	1.26B	1.17B	1.13B
Buildings, Total	4.94B	5.06B	4.54B	4.47B	4.48B
Machinery, Total	3.92B	4.15B	3.78B	3.61B	3.38B
Full Time Employees	88.86K	94.57K	85.58K	94.19K	90.13K
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: January	2022	2023	2024	2025	2026
Net Income	1.43B	1.18B	105M	582M	642M
Depreciation & Amortization - CF	634M	620M	626M	566M	538M
Amortization of Goodwill and Intangible Assets - (CF)	2M	2M	2M	5M	5M
Depreciation & Amortization, Total	636M	622M	628M	571M	543M
Amortization of Deferred Charges, Total - (CF)	308M	246M	279M	321M	359M
(Gain) Loss From Sale Of Asset	-91M	-89M	-61M	-144M	-48M
Asset Writedown & Restructuring Costs	9M	20M	1.01B	132M	207M
Stock-Based Compensation (CF)	55M	54M	47M	58M	59M
Other Operating Activities, Total	170M	39M	-91M	35M	154M
Change In Accounts Receivable	-21M	-3M	7M	2M	-325M
Change In Inventories	-610M	116M	-99M	-51M	51M
Change In Accounts Payable	463M	-303M	-460M	-60M	-157M
Change In Income Taxes	588M	-75M	24M	-69M	77M
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-225M	-189M	-86M	-99M	-132M
Cash from Operations	2.71B	1.62B	1.3B	1.28B	1.43B
Capital Expenditure	-354M	-888M	-631M	-518M	-373M
Sale of Property, Plant, and Equipment	164M	137M	86M	283M	107M
Sale (Purchase) of Intangible assets	-243M	-407M	-362M	-364M	-367M
Other Investing Activities, Total	63M	-11M	-6M	7M	-6M
Cash from Investing	-370M	-1.17B	-913M	-592M	-639M
Short Term Debt Issued, Total	-	-	2M	3M	-
Long-Term Debt Issued, Total	1.08B	2.81B	961M	301M	500M
Total Debt Issued	1.08B	2.81B	963M	304M	500M
Short Term Debt Repaid, Total	-23M	-181M	-	-	-19M
Long-Term Debt Repaid, Total	-2.7B	-3.1B	-963M	-524M	-846M
Total Debt Repaid	-2.72B	-3.28B	-963M	-524M	-865M
Issuance of Common Stock	7M	-	-	-	-
Repurchase of Common Stock	-500M	-601M	-38M	-1M	-250M
Common Dividends Paid	-90M	-173M	-181M	-192M	-197M
Common & Preferred Stock Dividends Paid	-90M	-173M	-181M	-192M	-197M
Other Financing Activities, Total	-161M	-50M	-1M	0	-40M
Cash from Financing	-2.38B	-1.3B	-220M	-413M	-852M
Net Change in Cash	-39M	-850M	172M	273M	-61M
Supplemental Items
Cash Interest Paid	442M	188M	157M	155M	167M
Cash Income Tax Paid (Refund)	-171M	455M	240M	304M	70M
Levered Free Cash Flow	1.54B	63.25M	199M	426M	434M
Unlevered Free Cash Flow	1.63B	162M	273M	487M	486M
Change In Net Working Capital	160M	505M	518M	141M	275M
Net Debt Issued / Repaid	-1.64B	-472M	0	-220M	-365M

Fiscal Period: January	2022	2023	2024	2025	2026
Profitability
Return on Assets	8.27	6.1	5.07	3.5	3.36
Return on Total Capital	13.8	10.14	8.06	5.43	5.21
Return On Equity %	46.32	30.56	2.56	13.56	13.64
Return on Common Equity	46.32	30.56	2.56	13.56	13.64
Margin Analysis
Gross Profit Margin %	40.87	39.51	40.74	40.28	40.33
SG&A Margin	31.56	32.79	35.05	36.14	36.36
EBITDA Margin %	11.74	9.1	8.26	6.45	6.28
EBITA Margin %	9.24	6.65	5.64	3.99	3.9
EBIT Margin %	9.23	6.64	5.63	3.97	3.88
Income From Continuing Operations Margin %	5.65	4.65	0.44	2.53	2.84
Net Income Margin %	5.65	4.65	0.44	2.53	2.84
Net Avail. For Common Margin %	5.65	4.65	0.44	2.53	2.84
Normalized Net Income Margin	5.14	3.75	3.17	2.17	2.16
Levered Free Cash Flow Margin	6.09	0.25	0.83	1.85	1.92
Unlevered Free Cash Flow Margin	6.45	0.64	1.14	2.12	2.15
Asset Turnover
Asset Turnover	1.43	1.47	1.44	1.41	1.39
Fixed Assets Turnover	2.93	2.97	2.94	3.08	3.19
Receivables Turnover (Average Receivables)	85.38	81.88	77.88	74.81	46.75
Inventory Turnover (Average Inventory)	3.67	3.54	3.28	3.11	3.04
Short Term Liquidity
Current Ratio	1.25	1.2	1.37	1.43	1.49
Quick Ratio	0.37	0.24	0.3	0.36	0.42
Operating Cash Flow to Current Liabilities	0.5	0.33	0.29	0.28	0.32
Days Sales Outstanding (Average Receivables)	4.26	4.45	4.76	4.87	7.79
Days Outstanding Inventory (Average Inventory)	99.26	102.85	113.17	116.95	119.74
Average Days Payable Outstanding	71.75	73.73	70.32	71.05	72.7
Cash Conversion Cycle (Average Days)	31.78	33.57	47.61	50.76	54.83
Long Term Solvency
Total Debt/Equity	185.67	154.19	153.3	133.41	114.55
Total Debt / Total Capital	64.99	60.66	60.52	57.16	53.39
LT Debt/Equity	176.55	145.98	144.65	125.22	107.08
Long-Term Debt / Total Capital	61.8	57.43	57.1	53.65	49.91
Total Liabilities / Total Assets	79.41	75.8	74.54	72.25	70.07
EBIT / Interest Expense	9.12	9.61	9.96	7.94	9.04
EBITDA / Interest Expense	13.21	14.9	16.85	15.55	17.62
(EBITDA - Capex) / Interest Expense	11.83	9.82	12.18	11.04	13.77
Total Debt / EBITDA	1.99	2.41	2.79	3.4	3.26
Net Debt / EBITDA	1.48	2.08	2.33	2.67	2.53
Total Debt / (EBITDA - Capex)	2.22	3.66	3.86	4.78	4.17
Net Debt / (EBITDA - Capex)	1.65	3.16	3.23	3.75	3.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	39.76	0.05	-6.22	-3.6	-1.67
Gross Profit, 1 Yr. Growth %	77.87	-3.26	-4.14	-3.9	-1.53
EBITDA, 1 Yr. Growth %	-1.51K	-22.46	-14.37	-21.52	-4.31
EBITA, 1 Yr. Growth %	-359.56	-27.95	-20.02	-27.43	-3.92
EBIT, 1 Yr. Growth %	-358.76	-27.98	-20.05	-27.71	-3.94
Earnings From Cont. Operations, 1 Yr. Growth %	-136.26	-17.69	-91.08	1.19K	10.31
Net Income, 1 Yr. Growth %	-136.26	-17.69	-91.08	1.19K	10.31
Normalized Net Income, 1 Yr. Growth %	-275.15	-26.94	-20.41	-29.26	-2.26
Diluted EPS Before Extra, 1 Yr. Growth %	-135.88	-7.91	-90.93	1.19K	12.08
Accounts Receivable, 1 Yr. Growth %	7.61	1.01	-2.33	3.41	107.26
Inventory, 1 Yr. Growth %	16.14	-2.65	2.2	2.45	-1.25
Net Property, Plant and Equip., 1 Yr. Growth %	-3.91	1.45	-11.44	-3.94	-5.93
Total Assets, 1 Yr. Growth %	-0.66	-4.12	-3.68	0.96	-1
Tangible Book Value, 1 Yr. Growth %	131.74	16.73	-1.58	23.61	11.93
Common Equity, 1 Yr. Growth %	41.83	12.73	1.35	12.81	6.77
Cash From Operations, 1 Yr. Growth %	317.87	-40.45	-19.2	-2.07	11.89
Capital Expenditures, 1 Yr. Growth %	4.73	150.85	-28.94	-17.91	-27.99
Levered Free Cash Flow, 1 Yr. Growth %	23.48	-95.89	178.28	70.3	1.82
Unlevered Free Cash Flow, 1 Yr. Growth %	15.88	-90.09	68.91	50.02	-0.1
Dividend Per Share, 1 Yr. Growth %	-20.53	110	5.02	5.27	5.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.08	18.25	-3.06	-4.92	-2.64
Gross Profit, 2 Yr. CAGR %	0.86	31.18	-3.51	-4.23	-2.72
EBITDA, 2 Yr. CAGR %	26.53	230.37	-18.52	-19	-13.34
EBITA, 2 Yr. CAGR %	41.79	36.75	-24.09	-25.23	-16.5
EBIT, 2 Yr. CAGR %	41.91	36.52	-24.12	-25.39	-16.67
Earnings From Cont. Operations, 2 Yr. CAGR %	59.23	-45.37	-72.9	-28.74	277.71
Net Income, 2 Yr. CAGR %	59.23	-45.37	-72.9	-28.74	277.71
Normalized Net Income, 2 Yr. CAGR %	46.1	13.12	-23.74	-26.52	-16.84
Diluted EPS Before Extra, 2 Yr. CAGR %	58.55	-42.52	-71.1	-28.77	280.79
Accounts Receivable, 2 Yr. CAGR %	-14.78	4.26	-0.68	0.5	46.4
Inventory, 2 Yr. CAGR %	-8.09	6.33	-0.25	2.33	0.58
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.55	-1.27	-5.21	-7.76	-4.94
Total Assets, 2 Yr. CAGR %	-8.85	-2.4	-3.9	-1.39	-0.02
Tangible Book Value, 2 Yr. CAGR %	15.36	64.47	7.19	7.62	17.63
Common Equity, 2 Yr. CAGR %	-24.65	26.45	6.89	5.6	9.75
Cash From Operations, 2 Yr. CAGR %	29.87	57.75	-30.63	-11.04	4.68
Capital Expenditures, 2 Yr. CAGR %	-37.35	62.09	33.51	-23.62	-23.12
Levered Free Cash Flow, 2 Yr. CAGR %	123.21	-77.49	-64.1	205.06	31.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	93.98	-66.11	-59.08	89.16	22.42
Dividend Per Share, 2 Yr. CAGR %	-55.43	29.18	48.5	5.02	5.17
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.58	-0.03	9.66	-3.24	-3.85
Gross Profit, 3 Yr. CAGR %	-0.6	-0.53	18.72	-3.91	-3.34
EBITDA, 3 Yr. CAGR %	10.55	7.48	110.64	-20.65	-14.38
EBITA, 3 Yr. CAGR %	14.85	13.14	14.36	-26.75	-18.71
EBIT, 3 Yr. CAGR %	15.07	13.2	14.22	-26.87	-18.83
Earnings From Cont. Operations, 3 Yr. CAGR %	9.21	27.79	-70.14	-25.89	-17.56
Net Income, 3 Yr. CAGR %	8.88	27.79	-70.14	-25.89	-17.56
Normalized Net Income, 3 Yr. CAGR %	16.58	15.97	0.61	-27.33	-19.19
Diluted EPS Before Extra, 3 Yr. CAGR %	8.52	32.29	-68.94	-23.09	-17.15
Accounts Receivable, 3 Yr. CAGR %	-9.45	-9.82	2.01	0.67	27.92
Inventory, 3 Yr. CAGR %	-5.92	-6.31	4.94	0.64	1.12
Net Property, Plant and Equip., 3 Yr. CAGR %	8.48	-2.59	-4.78	-4.79	-7.16
Total Assets, 3 Yr. CAGR %	-2.87	-7.3	-2.83	-2.3	-1.26
Tangible Book Value, 3 Yr. CAGR %	10.2	15.81	38.6	10.57	9.04
Common Equity, 3 Yr. CAGR %	-17.45	-13.82	17.46	7.93	5.99
Cash From Operations, 3 Yr. CAGR %	16.05	0.14	26.22	-22.18	-3.97
Capital Expenditures, 3 Yr. CAGR %	-18.63	-0.52	23.13	13.53	-25.11
Levered Free Cash Flow, 3 Yr. CAGR %	23.78	-41.08	-45.8	-34.87	111.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.08	-28.02	-42.11	-33.18	52.9
Dividend Per Share, 3 Yr. CAGR %	-41.65	-25.28	20.57	32.31	5.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.98	-0.26	-1.5	-1.91	4.56
Gross Profit, 5 Yr. CAGR %	-1.05	-0.9	-1.57	-1.83	9.44
EBITDA, 5 Yr. CAGR %	4.22	0.36	-2.15	-4.36	46.42
EBITA, 5 Yr. CAGR %	7.07	1.25	-2.68	-4.6	-0.4
EBIT, 5 Yr. CAGR %	7.18	1.35	-2.58	-4.66	-0.56
Earnings From Cont. Operations, 5 Yr. CAGR %	18.23	-5.42	-37.47	0.63	-30.45
Net Income, 5 Yr. CAGR %	17.93	-5.55	-37.58	0.63	-30.45
Normalized Net Income, 5 Yr. CAGR %	9.85	3.49	-1.62	-3.91	-8.05
Diluted EPS Before Extra, 5 Yr. CAGR %	17.63	-3.85	-36.08	2.72	-28.8
Accounts Receivable, 5 Yr. CAGR %	-10.67	-3.74	-6.04	-5.82	17.87
Inventory, 5 Yr. CAGR %	-4.08	-3.8	-3.69	-2.94	3.17
Net Property, Plant and Equip., 5 Yr. CAGR %	3.84	5.2	2.78	-4.7	-4.85
Total Assets, 5 Yr. CAGR %	-2.39	-2.94	-3.28	-4.98	-1.72
Tangible Book Value, 5 Yr. CAGR %	91.35	26.75	8.99	12.46	28.52
Common Equity, 5 Yr. CAGR %	-3.48	-6.61	-8.46	-6.52	13.74
Cash From Operations, 5 Yr. CAGR %	8.53	-3.95	-5.54	-4.49	17.12
Capital Expenditures, 5 Yr. CAGR %	-9.89	12.77	-0.8	-10.5	1.99
Levered Free Cash Flow, 5 Yr. CAGR %	0.88	-42.23	-24.55	6.6	-19.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.88	-33.35	-22.72	2.34	-19.15
Dividend Per Share, 5 Yr. CAGR %	-27.45	-16.04	-15.21	-14.38	14.1