To the full analysis
Macy's stock: growth
MMacy's reported $22.62B in revenue for fiscal 2025, down 1.7% on the prior year, up 4.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
−0.9%
per year from 2006 to 2025, per share 2.7%
Earnings (Annual rate)
−2.3%
per year from 2006 to 2025, per share 1.3%
Free cash flow (Annual rate)
−4.1%
per year from 2006 to 2025, per share −0.6%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 4.6% | −1.8% | −0.9% |
| Revenue per share | 7.5% | 0.1% | 2.7% |
| Earnings | no data | −5.0% | −2.3% |
| Earnings per share | no data | −3.1% | 1.3% |
| Free cash flow | 42.0% | 2.0% | −4.1% |
| Free cash flow per share | 46.0% | 3.9% | −0.6% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $26.97B | $995M | $2.35B |
| 2007 | $26.31B | $893M | $1.13B |
| 2008 | $24.89B | −$4.8B | $982M |
| 2009 | $23.49B | $329M | $1.29B |
| 2010 | $25B | $847M | $1B |
| 2011 | $26.41B | $1.26B | $1.33B |
| 2012 | $27.69B | $1.34B | $1.32B |
| 2013 | $27.93B | $1.49B | $1.69B |
| 2014 | $28.11B | $1.53B | $1.64B |
| 2015 | $27.08B | $1.07B | $871M |
| 2016 | $26.56B | $627M | $889M |
| 2017 | $25.64B | $1.57B | $1.18B |
| 2018 | $25.74B | $1.11B | $803M |
| 2019 | $25.33B | $564M | $451M |
| 2020 | $18.1B | −$3.94B | $183M |
| 2021 | $25.4B | $1.43B | $2.12B |
| 2022 | $25.45B | $1.15B | $320M |
| 2023 | $23.87B | $45M | $312M |
| 2024 | $23.01B | $582M | $760M |
| 2025 | $22.62B | $642M | $1.06B |
Revenue by segment
How Macy's, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Women's Accessories, Shoes, Cosmetics and Fragrances40%
- Womens Apparel21%
- Mens And Kids21%
- Home Other14%
- Credit Card Revenues, Net3%
- Other< 1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Women's Accessories, Shoes, Cosmetics and Fragrances | $9.5B | $9.45B | $7.21B | $10.12B | $9.6B | $9.52B | $9.33B | $9.13B | 40.4% |
| Womens Apparel | $5.68B | $5.41B | $2.91B | $4.43B | $5.35B | $4.86B | $4.83B | $4.76B | 21.1% |
| Mens And Kids | $5.71B | $5.63B | $3.49B | $5.25B | $5.3B | $4.92B | $4.75B | $4.66B | 20.6% |
| Home Other | $4.08B | $4.07B | $3.75B | $4.66B | $4.2B | $3.79B | $3.38B | $3.21B | 14.2% |
| Credit Card Revenues, Net | no data | no data | no data | no data | no data | $619M | $537M | $669M | 3% |
| Other | $768M | $771M | $751M | $939M | $1.01B | $0 | $0 | $0 | 0% |
| Total revenue | $25.74B | $25.33B | $18.1B | $25.4B | $25.45B | $23.87B | $23.01B | $22.62B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Jan 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 10 Nov 2026, previously Neutral
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.