Macy's, Inc.
Macy's, Inc. (M) is listed on NYSE and classified in Department Stores, part of the Consumer Cyclical sector. It is headquartered in New York, United States and has 90,134 employees. The company is worth $6.31B and trades at 8.9x its earnings of the last twelve months; the median for its sector is 17.7x. Revenue was $22.62B in fiscal 2026, down 1.7% from the year before. Net income was $642M. The share price is 9.1% below its 52-week high of $26.59. It pays a dividend yielding 3.19%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Warren Buffett (Berkshire Hathaway), at $173.03M. In that quarter, 2 of them opened or added to the position and 5 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Macy's, Inc..
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -15.8% over 5Y.
today you would have $1,100.53▲ +10.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $24.00 | $22.05 | $16.93 | $20.12 | $20.65 | $26.18 | $11.25 | $17.00 | $29.78 | $25.19 | $35.81 | $34.98 | $65.75 | $53.40 | $39.02 | $32.18 | $25.30 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.2% dividend yield. Growth capped at 25%.
Median P/E of 17.7 among peers in the sector.
Median P/E of 10.7 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 10.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 4.9% a year against a 11.3% required return, from the stock’s beta.
Companies of similar size in Consumer Cyclical, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CAVACAVA Group Inc | $54.68 | 99.4x | 7.6x | 0.00% | 8.32% | $6.39B |
| LADLithia Motors Inc | $291.07 | 8.4x | 1.0x | 0.96% | 11.83% | $6.4B |
| HRBH&r Block Inc | $50.08 | 8.8x | 52.9x | 3.67% | 713.54% | $6.13B |
| VIPSVipshop Holdings Ltd | $12.77 |
| $16.76 |
| $10.35 |
| P/E | 10.7x | 10.3x | 10.7x | 105.8x | 4.9x | 4.5x | — | 6.2x | 4.8x | 5.8x | 12.5x | 11.1x | 8.3x | 17.0x | 16.5x | 13.4x | 16.3x | 32.4x | — | 5.3x |
| P/S | 0.3x | 0.3x | 0.3x | 0.2x | 0.2x | 0.2x | 0.5x | 0.1x | 0.2x | 0.4x | 0.3x | 0.4x | 0.4x | 0.9x | 0.8x | 0.6x | 0.5x | 0.5x | 0.3x | 0.2x |
| P/B | 1.7x | 1.3x | 1.3x | 1.2x | 1.3x | 1.7x | 3.2x | 0.5x | 0.8x | 1.6x | 1.8x | 2.6x | 2.2x | 3.9x | 3.4x | 2.7x | 2.5x | 2.3x | 1.5x | 0.4x |
| EPS | $2.32 | $2.07 | $0.16 | $4.08 | $4.55 | -$12.68 | $1.81 | $3.56 | $5.10 | $2.02 | $3.22 | $4.22 | $3.86 | $3.24 | $2.92 | $1.98 | $0.78 | -$11.34 | $1.97 |
| Dividend yield | 3.28% | 2.40% | 3.30% | 4.11% | 3.28% | 3.06% | 1.15% | 3.36% | 8.89% | 5.08% | 6.00% | 4.17% | 3.98% | 1.81% | 1.78% | 2.05% | 1.09% | 0.79% | 1.19% | 5.11% |
| Payout | 29.32% | 24.83% | 35.17% | 435.00% | 16.18% | 13.89% | — | 20.88% | 42.47% | 29.65% | 74.85% | 46.40% | 33.01% | 30.80% | 29.32% | 27.40% | 17.68% | 25.64% | — | 26.85% |
| Profit margin | 3.39% | 2.84% | 2.53% | 0.19% | 4.50% | 5.63% | -22.74% | 2.30% | 4.44% | 6.28% | 2.42% | 3.96% | 5.43% | 5.32% | 4.82% | 4.76% | 3.39% | 1.40% | -19.18% | 3.39% |
| ROE | 15.32% | 13.21% | 12.79% | 1.12% | 28.07% | 39.49% | -154.48% | 8.84% | 17.22% | 27.26% | 14.50% | 25.22% | 28.37% | 23.78% | 22.06% | 21.17% | 15.32% | 7.07% | -103.35% | 9.01% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+80.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 4.3x |
| 1.0x |
| 4.86% |
| 23.51% |
| $6.07B |
| FTDRFrontdoor, Inc. | $86.03 | 22.7x | 21.0x | 0.00% | 101.86% | $5.93B |
| CZRCaesars Entertainment, Inc. | $29.07 | — | 1.8x | 0.00% | -10.38% | $5.92B |