Stock AnalizMacy's, Inc. M
Department/Specialty Retail Stores · data as of November 13, 2026
Macy's, Inc. (M) is a consumer discretionary company listed in the US with a market value of about $6.5B. In the twelve months to August 1, 2026 it had revenue of $22.8B and net income of $750M, a net margin of 3.3%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is shareholder returns (5/5); the weakest is track record (1/5).
Key numbers: a P/E of 9.0, a price to free cash flow of 4.6, 5-year revenue growth of 5% a year, a 5-year average ROIC of 9%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 23% above the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Profitable 5 years in a row
- Positive free cash flow
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- ROE above 15%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.8B | $22.6B | $23.0B | $23.9B | $25.4B | $25.4B | $17.3B | $24.6B | $25.0B | $24.9B | $25.9B |
| Net income | $750M | $642M | $582M | $45M | $1.1B | $1.4B | -$3.9B | $564M | $1.1B | $1.6B | $627M |
| Free cash flow | $1.4B | $1.1B | $760M | $674M | $727M | $2.4B | $311M | $706M | $1.1B | $1.5B | $1.2B |
| EPS (diluted) | $2.73 | $2.32 | $2.07 | $0.16 | $4.08 | $4.55 | $-12.68 | $1.81 | $3.56 | $5.10 | $2.02 |
| Net margin | 3.3% | 2.8% | 2.5% | 0.2% | 4.5% | 5.6% | -22.7% | 2.3% | 4.4% | 6.3% | 2.4% |
| ROIC | — | 7.5% | 6.5% | 2.3% | 12.7% | 17.4% | -34.2% | 5.5% | 12.0% | 12.7% | 7.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 10 analysts is $23.10, 6% below the current price; targets range from $10.00 to $30.00; the consensus rating is “Hold”; expected EPS is $2.31 for the fiscal year ending January 31, 2027.
Frequently asked questions
What is Macy's’s P/E ratio?
About 9.0, based on the last twelve months of diluted earnings per share (forward P/E about 9.0).
Is Macy's stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 23% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Macy's pay a dividend?
Yes. The dividend yield is about 3.08%, and it has paid dividends for 10 years in our data.
Is Macy's a good stock to buy?
We do not give buy or sell advice. Macy's scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.