What is Macy's's price / earnings?

Macy's (M) reported price / earnings of 8.6× in Q1 2026.

How has Macy's's price / earnings changed year-over-year?

Macy's's price / earnings increased by 42.9% year-over-year, from 6× to 8.6×.

What is the long-term trend for Macy's's price / earnings?

Over 4 years (2021 to 2025), Macy's's price / earnings has grown at a 12.8% compound annual growth rate (CAGR), from 5× to 8.2×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

Macy's M Price / earnings

Price / earnings at other companies

TargetTGT

16.7×+6.2×

DillardsDDS

13.5×+4.6×

TJX CompaniesTJX

29.6×0.0×

Ross StoresROST

32.2×+9.9×

Ulta Beauty, Inc.ULTA

18.6×+2.7×

Burlington StoresBURL

32.7×+3.8×

Other financials

Income statement

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Revenue$4.9B+2.1%

Gross profit$2.0B+1.7%

Operating income$112.0M+19.1%

Net income$63.0M+65.8%

EPS (diluted)$0.23+76.9%

Balance sheet

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Cash & equivalents$1.3B+38.8%

Total debt$2.4B-12.5%

Total equity$4.8B+8.7%

Total assets$16.3B+1.3%

Cash flow

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Operating cash flow$292.0M+556%

CapEx$88.0M-12.0%

Free cash flow$204.0M+224%

Valuation

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Market cap$6.35B+71.1%

Enterprise value$7.49B+32.2%

P/S0.3×+0.1×

Profitability

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Gross margin40.3%-0.1pp

Operating margin4.6%+0.8pp

Net margin2.9%+0.5pp

FCF margin6.3%+3.5pp

Returns & leverage

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Return on equity14.4%+1.3pp

Debt / equity0.5×-0.1×

Current ratio1.5×0.0×

Where this comes from

Calculated from Macy's’s reported figures.

market cap/net income=8.6×

Based on the most recent quarter.

The official record: Macy's’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Macy's's price / earnings?: Macy's (M) reported price / earnings of 8.6× in Q1 2026.
How has Macy's's price / earnings changed year-over-year?: Macy's's price / earnings increased by 42.9% year-over-year, from 6× to 8.6×.
What is the long-term trend for Macy's's price / earnings?: Over 4 years (2021 to 2025), Macy's's price / earnings has grown at a 12.8% compound annual growth rate (CAGR), from 5× to 8.2×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.