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%-0.1pp	40.3%+0.1pp	40.4%-0.1pp	40.3%-0.4pp	40.4%+0.2pp
Operating margin	4.6%+0.8pp	4.6%+0.6pp	3.5%+2.3pp	3.6%+2.4pp	3.9%+3.1pp
Net margin	2.9%+0.5pp	2.8%+0.3pp	2.1%+1.6pp	2.2%+1.6pp	2.4%+2.6pp
Returns
Return on equity	14.4%+1.3pp	13.7%+0.1pp	11.3%+8.6pp	11.4%+8.5pp	13.1%+14.1pp
Return on invested capital	13%+2.3pp	8.4%+1.0pp	9.2%+6.3pp	9.5%+6.1pp	10.7%+7.7pp
Efficiency
Asset turnover	1.4×0.0×	1.4×0.0×	1.3×0.0×	1.4×0.0×	1.4×0.0×
Liquidity
Current ratio	1.5×0.0×	1.5×+0.1×	1.3×0.0×	1.4×-0.1×	1.4×+0.1×
Leverage
Debt-to-equity	0.5×-0.1×	1.1×-0.2×	0.6×-0.1×	0.6×-0.1×	0.6×-0.1×
Net debt / EBITDA	0.6×-0.5×	2.2×-0.4×	1.2×-1.0×	1.1×-0.9×	1×-0.9×
Valuation
Market capitalization	$5.74B+71.1%	$5.26B+32.0%	$6B+33.1%	$3.59B-16.5%	$3.35B-37.7%
Price / earnings	8.6×+2.6×	8.2×—	12.6×—	7.3×—	6×—
Price / sales	0.3×+0.1×	0.2×+0.1×	0.3×+0.1×	0.2×0.0×	0.1×-0.1×
Price / book	1.2×+0.4×	1.1×+0.2×	1.4×+0.3×	0.8×-0.2×	0.8×-0.6×
EV / EBITDA	3.6×+0.6×	5×+0.1×	4.8×-1.4×	3.2×-2.5×	3×-4.0×
Dividend yield	3.4%-2.4pp	3.7%-1.1pp	3.3%-0.9pp	5.5%+1.1pp	5.8%+2.4pp

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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.