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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	8.5%0.0pp	8.5%+1.1pp	7.4%-0.1pp	7.5%-0.3pp	7.7%-0.1pp
Free cash flow margin	6.3%+1.6pp	4.7%-0.5pp	5.1%+0.9pp	4.3%+1.5pp	2.7%-0.6pp
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 assets	4.1%+0.2pp	3.9%+1.2pp	2.8%-0.4pp	3.2%-0.3pp	3.4%-0.1pp
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×
Inventory turnover	2.9×-0.2×	3×+0.9×	2.2×-1.0×	3.1×+0.2×	2.9×-0.2×
Liquidity
Current ratio	1.5×0.0×	1.5×+0.2×	1.3×-0.1×	1.4×-0.1×	1.4×0.0×
Quick ratio	0.4×-0.1×	0.5×+0.3×	0.2×-0.2×	0.4×0.0×	0.4×-0.1×
Cash ratio	0.3×0.0×	0.3×+0.2×	0.1×-0.1×	0.2×0.0×	0.2×-0.1×
Leverage
Debt-to-equity	0.5×-0.6×	1.1×+0.6×	0.6×0.0×	0.6×0.0×	0.6×-0.7×
Debt-to-assets	0.1×-0.2×	0.3×+0.2×	0.1×0.0×	0.2×0.0×	0.2×-0.2×
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%
Enterprise value	$6.88B-28.2%	$9.58B+19.9%	$7.99B+48.2%	$5.39B+3.6%	$5.2B-40.6%
Price / earnings	8.6×+0.4×	8.2×-4.4×	12.6×+5.3×	7.3×+1.2×	6×—
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×
EV / sales	0.3×-0.1×	0.4×+0.1×	0.4×+0.1×	0.2×0.0×	0.2×-0.2×
Free cash flow yield	24.8%+4.7pp	20.1%+0.7pp	19.4%-7.6pp	27%+8.5pp	18.5%-0.6pp
Earnings yield	11.6%-0.6pp	12.2%+4.3pp	8%-5.8pp	13.8%-2.9pp	16.6%+2.0pp
Dividend yield	3.4%-0.3pp	3.7%+0.5pp	3.3%-2.2pp	5.5%-0.4pp	5.8%+1.0pp
PEG ratio	0.4×—	——	——	——	——

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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.