What are Macy's's profit margins?

Macy's (M) runs a 40.3% gross margin and a 4.6% operating margin, with a 2.9% net margin.

Where do Macy's's ratios come from?

Every ratio is computed from Macy's's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Macy's M Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	40.3%0.0pp	40.3%0.0pp	40.4%+0.1pp	40.3%-0.1pp	40.4%+0.1pp
Operating margin	4.6%+0.1pp	4.6%+1.1pp	3.5%-0.1pp	3.6%-0.3pp	3.9%-0.1pp
Net margin	2.9%+0.1pp	2.8%+0.7pp	2.1%-0.1pp	2.2%-0.3pp	2.4%-0.1pp
Returns
Return on equity	14.4%+0.7pp	13.7%+2.4pp	11.3%-0.2pp	11.4%-1.6pp	13.1%-0.5pp
Return on invested capital	13%+4.6pp	8.4%-0.8pp	9.2%-0.3pp	9.5%-1.2pp	10.7%+3.3pp
Efficiency
Asset turnover	1.4×0.0×	1.4×+0.1×	1.3×-0.1×	1.4×0.0×	1.4×0.0×
Liquidity
Current ratio	1.5×0.0×	1.5×+0.2×	1.3×-0.1×	1.4×-0.1×	1.4×0.0×
Leverage
Debt-to-equity	0.5×-0.6×	1.1×+0.6×	0.6×0.0×	0.6×0.0×	0.6×-0.7×
Net debt / EBITDA	0.6×-1.7×	2.2×+1.1×	1.2×+0.1×	1.1×0.0×	1×-1.6×
Valuation
Market capitalization	$5.74B+9.1%	$5.26B-12.4%	$6B+67.1%	$3.59B+7.1%	$3.35B-15.8%
Price / earnings	8.6×+0.4×	8.2×-4.4×	12.6×+5.3×	7.3×+1.2×	6×-0.8×
Price / sales	0.3×0.0×	0.2×0.0×	0.3×+0.1×	0.2×0.0×	0.1×0.0×
Price / book	1.2×+0.1×	1.1×-0.3×	1.4×+0.6×	0.8×+0.1×	0.8×-0.1×
EV / EBITDA	3.6×-1.4×	5×+0.2×	4.8×+1.6×	3.2×+0.2×	3×-1.9×
Dividend yield	3.4%-0.3pp	3.7%+0.5pp	3.3%-2.2pp	5.5%-0.4pp	5.8%+1.0pp

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Questions, answered.

What are Macy's's profit margins?: Macy's (M) runs a 40.3% gross margin and a 4.6% operating margin, with a 2.9% net margin.
Where do Macy's's ratios come from?: Every ratio is computed from Macy's's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.