M (Macy's, Inc.) Stock Financials & Earnings | Market Cap Arena

M (Macy's, Inc.) Stock Financials & Earnings | Market Cap Arena

MMacy's, Inc.

Mkt Cap$5B

Consumer Cyclical·Department Stores·🇺🇸 United States·NYSE

Revenue (TTM)$22.7B

Net Income (TTM)$478M

EPS (TTM)$1.70

Free Cash Flow (TTM)$1.1B

Gross Margin40.4%

Op. Margin3.5%

Net Margin2.1%

FCF Margin4.8%

P/S Ratio (TTM)0.2x

P/E Ratio (TTM)10.4x

YoY Rev Growth-2.8%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 18

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$8.5B	$3.1B	$676M
Q1 23	$5.2B	$2.2B	$244M
Q2 23	$5.3B	$2.1B	$124M
Q3 23	$5.0B	$2.1B	$83M
Q4 23	$8.4B	$3.3B	-$71M
Q1 24	$5.0B	$2.1B	$125M
Q2 24	$5.1B	$2.2B	$222M
Q3 24	$4.9B	$2.0B	$64M
Q4 24	$8.0B	$3.0B	$499M
Q1 25	$4.8B	$2.0B	$94M
Q2 25	$5.0B	$2.1B	$155M
Q3 25	$4.9B	$2.1B	$42M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	0.2x	4.2x
Q1 23	0.2x	4.7x
Q2 23	0.2x	6.6x
Q3 23	0.2x	7.3x
Q4 23	0.2x	47.8x
Q1 24	0.2x	451.8x
Q2 24	0.2x	27.2x
Q3 24	0.2x	29.2x
Q4 24	0.2x	8.5x
Q1 25	0.2x	8.9x
Q2 25	0.2x	10.0x
Q3 25	0.2x	10.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$1.1B	$815M
Q1 23	$105M	-$191M
Q2 23	$166M	-$102M
Q3 23	-$113M	-$298M
Q4 23	$1.1B	$903M
Q1 24	$129M	-$100M
Q2 24	$8M	-$195M
Q3 24	-$167M	-$384M
Q4 24	$1.3B	$1.2B
Q1 25	-$64M	-$241M
Q2 25	$319M	$240M
Q3 25	-$8M	-$101M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$312M
Q1 23	$296M
Q2 23	$268M
Q3 23	$185M
Q4 23	$244M
Q1 24	$229M
Q2 24	$203M
Q3 24	$217M
Q4 24	$119M
Q1 25	$177M
Q2 25	$79M
Q3 25	$93M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-4.5%	-0.8%
Q1 23	-7.0%	-3.4%
Q2 23	-9.5%	-5.1%
Q3 23	-7.8%	-6.1%
Q4 23	-1.8%	+7.6%
Q1 24	-3.3%	-1.1%
Q2 24	-3.5%	-5.5%
Q3 24	-2.7%	-2.3%
Q4 24	-4.4%	-11.1%
Q1 25	-4.1%	-3.6%
Q2 25	-1.9%	-0.6%
Q3 25	+0.2%	+0.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$10M	0.1%
Q1 23	$14M	0.3%
Q2 23	$16M	0.3%
Q3 23	$15M	0.3%
Q4 23	$2M	0.0%
Q1 24	$13M	0.3%
Q2 24	$15M	0.3%
Q3 24	$14M	0.3%
Q4 24	$16M	0.2%
Q1 25	$13M	0.3%
Q2 25	-$31M	-0.6%
Q3 25	$15M	0.3%

OpEx Breakdown

Quarter	G&A	SG&A
Q4 22	$2.4B	—
Q1 23	$1.9B	—
Q2 23	$2.1B	—
Q3 23	$2.0B	—
Q4 23	$2.4B	—
Q1 24	$1.9B	—
Q2 24	$2.0B	—
Q3 24	$2.1B	—
Q4 24	—	$2.4B
Q1 25	$1.9B	—
Q2 25	—	$1.9B
Q3 25	—	$2.0B

Revenue Segments

Quarter	Credit Card Revenues, Net	Home Other	Macy's Media Network Revenue, Net	Mens And Kids	Women's Accessories, Shoes, Cosmetics and Fragrances	Womens Apparel
Q1 23	$162M	$789M	$29M	$1.0B	$2.0B	$1.1B
Q2 23	$120M	$860M	$30M	$1.1B	$2.0B	$1.1B
Q3 23	$142M	$731M	$36M	$1.0B	$2.0B	$1.1B
Q1 24	$117M	$650M	$37M	$981M	$2.1B	$1.1B
Q2 24	$125M	$771M	$34M	$1.1B	$2.0B	$1.1B
Q3 24	$120M	$660M	$41M	$1.0B	$2.0B	$1.1B
Q2 25	$153M	$736M	$34M	$1.0B	$2.0B	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$862M	$0	$862M
Q1 23	$603M	$0	$603M
Q2 23	$438M	$0	$438M
Q3 23	$364M	$0	$364M
Q4 23	$1.0B	$0	$1.0B
Q1 24	$876M	$0	$876M
Q2 24	$646M	$0	$646M
Q3 24	$315M	$0	$315M
Q4 24	$1.3B	$0	$1.3B
Q1 25	$932M	$0	$932M
Q2 25	$829M	$0	$829M
Q3 25	$447M	$0	$447M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	279M	+0.3%
Q1 23	278M	-0.3%
Q2 23	274M	-1.4%
Q3 23	278M	+1.4%
Q4 23	275M	-0.9%
Q1 24	281M	+2.2%
Q2 24	282M	+0.2%
Q3 24	282M	-0.0%
Q4 24	283M	+0.4%
Q1 25	281M	-0.7%
Q2 25	278M	-0.9%
Q3 25	275M	-1.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	$159K	176K
FY 14	$168K	167K
FY 15	$171K	158K
FY 16	$179K	148K
FY 17	$173K	148K
FY 18	$198K	130K
FY 19	$195K	130K
FY 20	$201K	90K
FY 21	$286K	89K
FY 22	$269K	95K
FY 23	$252K	95K
FY 24	$244K	94K