M NYSE
Macy's, Inc.
1W: +1.9%
1M: +3.6%
3M: -3.7%
YTD: +4.8%
1Y: +28.4%
3Y: +128.7%
5Y: +6.2%
$23.86
+0.27 (+1.14%)
Weekly Expected Move ±4.4%
$22
$23
$24
$25
$26
Credit Risk of going bust: lower than 51% of companies Debt: 45.0% of company value Bonds: $219.5M held by 198 funds, 208 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.73 (down 97%), Macy's, Inc. would be worth roughly what it owes.
Total debt $5.09B against a stock market value of $6.23B.
Distance to default 5.20 (Merton model): prices to 2026-10-27, balance sheet 2026-08-01, debt counted $1.22B (short-term plus half of long-term), stock volatility 40.9%; Altman Z'' 3.43. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.73 (down 97%), Macy's, Inc. would be worth roughly what it owes.
Total debt $5.09B against a stock market value of $6.23B.
Distance to default 5.20 (Merton model): prices to 2026-10-27, balance sheet 2026-08-01, debt counted $1.22B (short-term plus half of long-term), stock volatility 40.9%; Altman Z'' 3.43. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$22.6B
-1.7% ▼
5Y CAGR: +4.6%
Gross Profit
$8.3B
-10.8% ▼
5Y CAGR: +7.3%
Operating Income
$1.0B
+13.3% ▲
Net Income
$642M
+10.3% ▲
EPS (Diluted)
$2.32
+12.1% ▲
EBITDA
$1.9B
+9.4% ▲
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $25.4B | $25.4B | $23.9B | $23.0B | $22.6B |
| YoY Growth | +40.3% | +0.2% | -6.2% | -3.6% | -1.7% |
| Cost of Revenue | $15.0B | $15.3B | $14.2B | $13.7B | $14.4B |
| Gross Profit | $10.4B | $10.1B | $9.6B | $9.3B | $8.3B |
| Gross Margin | 41.1% | 39.7% | 40.4% | 40.3% | 36.5% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $8.2B | $8.5B | $8.4B | $8.3B | $8.2B |
| Operating Expenses | $8.1B | $8.4B | $9.3B | $8.4B | $7.2B |
| Operating Income | $2.4B | $1.7B | $301M | $909M | $1.0B |
| Operating Margin | 9.3% | 6.6% | 1.3% | 4.0% | 4.6% |
| Interest Expense | $259M | $162M | $135M | $115M | $97M |
| Income Before Tax | $1.9B | $1.5B | $43M | $763M | $849M |
| Tax Expense | $436M | $331M | -$2M | $181M | $207M |
| Net Income | $1.4B | $1.1B | $45M | $582M | $642M |
| Net Margin | 5.6% | 4.5% | 0.2% | 2.5% | 2.8% |
| EPS (Diluted) | $4.55 | $4.19 | $0.16 | $2.07 | $2.32 |
| EBITDA | $3.0B | $2.5B | $1.1B | $1.8B | $1.9B |
| Shares Outstanding | 314M | 281M | 278M | 282M | 276M |