# Macy's share price today (Macy's, Inc., M)

> Macy's, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. M · Consumer Discretionary · Department Stores · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/m

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $25.70 (+26.3% in a year)
- P/E: 9.4× (higher than 64% of the last 4.5 years)
- Revenue (Aug 2026): $5.1 B (+1.2% on a year ago)
- Profit (Aug 2026): $169 M (+94.3% on a year ago)
- Operating margin: 3.2% (flat on a year ago)
- ROE: 13%, FY26
- ROIC: 7.7%, against a 7.5% cost of capital: +0.2 points

Biggest thing to watch: the price has already been rising for 25 weeks, so timing is the risk more than the business. ## What is the Macy's share price today? Macy's, Inc.'s share price was $25.70 at the close on 4 November 2026. It has been rising for 25 weeks. That is 18.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $17 and $26, and at that close it sat 97% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 10 years the share price moved −25% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Macy's pay? Macy's, Inc. paid $0.75 per share over the last four reported quarters. The most recent declaration was $0.19 for Aug 2026. At today's price of $25.70 that is a yield of 2.92%, based on dividends already paid, not a forecast. ## Which stock lists is Macy's on? Macy's is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Macy's profitable? Macy's, Inc. earned $169 M of net profit in the Aug 2026 quarter, +94.3% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was $642 M. Over 4 years profit has grown −18.1% a year on average. That is 3.3% of the quarter's revenue. The same quarter a year earlier earned $87.0 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was $642 M (+10.3% on the year before). Why profit moved: revenue changed +1.2% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +36.9% and revenue +0.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Macy's make, and is it growing? Macy's, Inc. reported $5.1 B of revenue in the Aug 2026 quarter, +1.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown −2.9% a year on average. The last full year, FY26, came in at $22.6 B. The last four reported quarters add to $22.8 B. FY26 revenue was $22.6 B, −1.7% on the year before. Recent pace: the last four quarters grew +0.6% on average, against −2.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +0.3%, against −1.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +51.5%, against +144.9% a year (rolling over). ## How much of every $100 of sales does Macy's keep? Macy's, Inc.'s operating margin was 3.2% in the Aug 2026 quarter, about the same as the same quarter a year ago. Across 5 years it has been between 3.9% and 9.2%. The latest quarter is below every full year in that period. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.0 percentage points on the year while gross margin changed −0.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Macy's' profit turning into cash? Over the last 3 years, 316% of Macy's, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $1.4 B of operating cash against $642 M of profit. After $373 M of spending on assets, $1.1 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Macy's' cash go? Macy's, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.5 B on assets over the last 3 years. Averaged over those years that is 2.2% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $1.5 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Macy's' P/E ratio, and how does it compare with its own history? Macy's, Inc.'s P/E is 9.4×, in the middle of its own history: higher than 64% of past readings. Its usual P/E (the middle reading) is 7.6×, over 4.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +12.1% while the price moved +26.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +25.7% a year; about +3.7% a year came from earnings growth and about +22.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Macy's business getting better or worse? Macy's, Inc.'s business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +540.8% at its peak to +51.5%, but the business is still expanding, with ROCE steady at 7.6%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Macy's earn on its capital? Macy's, Inc. earned a ROE of 13% in FY26. That is up from a low of 1% in FY24. Its return on capital used (ROIC) is 0.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 2.8% net margin and 1.39× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.8% net margin × 1.39× asset turnover × 3.34× leverage (assets divided by equity) ≈ 13.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.7% − 7.5% = +0.2 percentage points. The 7.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Macy's have too much debt? Macy's, Inc. has total debt of $5.1 B against shareholder equity of $4.9 B as of Aug 2026, so its debt is 1.03× its equity. Year by year, that ratio went from 1.86 in FY22 to 1.15 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Macy's shareholding pattern? 13.8% of Macy's, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Macy's from balance-sheet trouble? For Macy's, Inc., the Z-score is 2.74. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.74 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Macy's rank in its industry? 53.4 out of 100, rank 2 of 4 in Department Stores, with 82% of the evidence available. Macy's, Inc. scores 53.4 out of 100 against the 4 companies it is compared with in Department Stores, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.4 + 6 + 15 + 14 = 53.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Macy's compared with? Macy's ranks 2 of 4 Department Stores companies on the 4-Factor Sector Score, with 53.4 out of 100. 1. [Kohl's Corporation](https://www.sectoralpha.in/us/stocks/kss) KSS · breaking out · Evidence leans up · 82% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.3/35 · Revenue -2.9% · Profit 29.8% · Operating margin change 0.1 points · 95% evidence Capital efficiency 5.3/25 · ROCE 4.6% · Operating margin 4.6% · 76% evidence Valuation 15.0/20 · P/E 8× · PEG 0.34 · 50% evidence Relative strength 20.0/20 · Lead over its industry 28% · Lead over S&P 500 32.6% · 1 year 49.1% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17.3 + 5.3 + 15 + 20 = 57.6 · What this means: Relative strength against the index is 32.6%, and revenue and profit growth are weak. 2. Macy's, Inc. this page M · turning · Evidence leans up · 82% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 0.3% · Profit 51.5% · Operating margin change 0 points · 95% evidence Capital efficiency 6.0/25 · ROCE 7.5% · Operating margin 3.2% · 76% evidence Valuation 15.0/20 · P/E 8.7× · PEG 0.16 · 50% evidence Relative strength 14.0/20 · Lead over its industry 5.1% · Lead over S&P 500 10.2% · 1 year 26.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 18.4 + 6 + 15 + 14 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Dillard's, Inc.](https://www.sectoralpha.in/us/stocks/dds) DDS · losing its lead · Evidence leans down · 82% evidence 48.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.2/35 · Revenue 0.2% · Profit 18.6% · Operating margin change 0 points · 95% evidence Capital efficiency 18.4/25 · ROCE 23.6% · Operating margin 5.7% · 76% evidence Valuation 15.0/20 · P/E 13.5× · PEG 0.66 · 50% evidence Relative strength 1.8/20 · Lead over its industry -7.5% · Lead over S&P 500 -3.2% · 1 year 4.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 13.2 + 18.4 + 15 + 1.8 = 48.4 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. [Polibeli Group Ltd](https://www.sectoralpha.in/us/stocks/plbl) PLBL · basing · Too little evidence to rank firmly · 46% evidence 45.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.3/35 · Revenue n/a · Profit n/a · Operating margin change -8 points · 19% evidence Capital efficiency 14.4/25 · ROCE 1704.7% · Operating margin -32.9% · 76% evidence Valuation 10.0/20 · P/E -997.9× · PEG n/a · 0% evidence Relative strength 3.3/20 · Lead over its industry -37.6% · Lead over S&P 500 -35.5% · 1 year -32.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.3 + 14.4 + 10 + 3.3 = 45 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Department Stores](https://www.sectoralpha.in/us/sectors/department-stores), all 4 compared on one page. ## Which companies are close to Macy's in size? Macy's is the 2nd largest of 4 Department Stores companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Dillard's, Inc. Just below it: Kohl's Corporation and Polibeli Group. ### Department Stores companies close in size

1. [Dillard's, Inc.](https://www.sectoralpha.in/us/stocks/dds) $9.9 billion
2. Macy's, Inc. $6.7 billion
3. [Kohl's Corporation](https://www.sectoralpha.in/us/stocks/kss) $2.9 billion
4. [Polibeli Group Ltd](https://www.sectoralpha.in/us/stocks/plbl) $2 billion

[All 4 Department Stores companies, largest first](https://www.sectoralpha.in/us/sectors/department-stores#all-companies)

### Companies close in size in other industries

1. [IES Holdings, Inc.](https://www.sectoralpha.in/us/stocks/iesc) $6.7 billion · Engineering & Construction
2. [Churchill Downs Incorporated](https://www.sectoralpha.in/us/stocks/chdn) $6.7 billion · Gambling
3. Macy's, Inc. $6.7 billion
4. [e.l.f. Beauty, Inc.](https://www.sectoralpha.in/us/stocks/elf) $6.7 billion · Household & Personal Products
5. [Southwest Gas Holdings, Inc.](https://www.sectoralpha.in/us/stocks/swx) $6.7 billion · Utilities - Regulated Gas

## What else do people ask about Macy's? ### What were Macy's's latest quarterly results? Macy's, Inc. reported revenue of $5.1 B and net profit of $169 M for the Aug 2026 quarter. Revenue rose 1.2% and profit rose 94.3% compared with a year earlier. Earnings per share were $0.62. The operating margin was 3.2%, 0.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Macy's's market cap? Macy's, Inc.'s market capitalisation is $6.7 B at a stock price of $25.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Macy's performing? Macy's, Inc.'s share price has been rising for 25 weeks. In its latest quarter, revenue rose 1.2% and profit rose 94.3% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 4 November 2026). ### Will Macy's's stock price go up? This page does not forecast Macy's, Inc.'s stock price. What it shows instead: the stock price is $25.70, and it has been rising for 25 weeks. Its P/E of 9.4× is higher than 64% of its own last 5 years (as of 4 November 2026). ### Is Macy's's profit real cash? Yes, over the last 3 years, 316% of Macy's, Inc.'s reported profit came in as cash from operations. The latest year was lower at 223%, so the trend is worth watching. In FY26, operating cash was $1.4 B against reported profit of $642 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 4 November 2026). ### Where is Macy's in its business cycle? Macy's, Inc.'s FY26 operating margin was 3.9%, against a 5-year range of 3.9% to 9.2%: the low end of its own range, which is often where recoveries start. The latest quarter was 3.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Macy's story? Biggest thing to watch: the price has already been rising for 25 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Macy's a stock worth studying right now? What the numbers show: Macy's, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.