US · USD
M
Macy’s Inc
- Day's range
- $21.45 – $23.06
- Day's volume
- $258.2M
- 52-week range
- $15.94 – $25.99
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See how M weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountM in numbers
- Market cap
- $6B
- P/E
- 7.94
- P/B
- 1.21
- Dividend yield (12m)
- 3.33%
- Net debt/EBITDA
- 0.56
The 12-month dividend yield of M is 3.33%, above its 5-year average of 2.83%.
M price history
M risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +5.55% | +62.54% | -2.94% |
| Volatility (annualized) | 25.47% | 37.36% | 43.16% |
| Largest drawdown | -17.56% | -40.23% | -56.29% |
| Positive months | 6/12 | 18/36 | 26/60 |
How much did investing in M return?
$1,000.00 invested on 11/01/2021 would be worth $970.61 today.
- Value today in M
- $970.61
- Return over the period
- -2.94%
- Return per year
- -0.60%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
M fundamentals
Valuation
- P/E7.94
- P/B1.21
- EV/EBITDA3.52
- EV/EBIT6.20
- EV/Revenue0.32
- P/EBIT5.21
- P/S0.27
- P/OCF3.38
- P/FCF4.21
- Earnings yield16.12%
- PEG ratio—
- Earnings per share$2.87
- Book value per share$18.87
Debt
- Net debt$1.1B
- Net debt/EBITDA0.56
- Net debt/Equity0.23
- Debt/Equity0.49
- Current ratio1.59
- Quick ratio0.48
- Cash ratio0.32
Efficiency
- Gross margin38.31%
- EBITDA margin9.21%
- Operating margin5.22%
- Net margin3.42%
- Asset turnover1.39
Profitability
- ROE15.22%
- ROA4.77%
- ROIC14.32%
- Payout26.40%
Growth
- Revenue CAGR (5 years)0.73%
- Earnings CAGR (5 years)7.72%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is M's fair price?
Two classic value formulas, with today's numbers. The current price is $22.79.
- Graham's fair price
- $34.92
- 53.21% above the price
√(22.50 × $2.87 × $18.87)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $9.45
- 58.55% below the price
$0.57 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
M's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| P/E | — | 9.99 | 104.48 | 4.82 | 3.95 | -1.94 | 6.19 | 4.75 |
| P/B | — | 1.28 | 1.17 | 1.37 | 1.55 | 3.00 | 0.55 | 0.82 |
| EV/EBITDA | — | 4.07 | 5.56 | 3.01 | 2.24 | — | 3.61 | 3.15 |
| Dividend yield | 3.33% | 3.27% | 4.06% | 3.25% | 3.02% | 0.57% | 6.72% | 8.89% |
| Earnings per share | — | $2.21 | $0.16 | $4.18 | $5.23 | -$13.49 | $1.82 | $3.58 |
| Book value per share | — | $17.26 | $14.53 | $14.73 | $13.34 | $8.73 | $20.53 | $20.79 |
| ROE | 13.21% | 12.79% | 1.12% | 28.37% | 39.19% | -154.48% | 8.84% | 17.22% |
| ROIC | 12.88% | 11.51% | 5.02% | 21.23% | 34.40% | -65.26% | 7.57% | 13.88% |
| Gross margin | 37.98% | 38.37% | 38.40% | 37.21% | 38.79% | 29.17% | 38.23% | 39.07% |
| EBITDA margin | 8.84% | 8.03% | 5.19% | 10.42% | 13.12% | -20.27% | 7.94% | 10.81% |
| Net margin | 2.95% | 2.61% | 0.19% | 4.69% | 5.80% | -22.74% | 2.30% | 4.44% |
| Net debt/EBITDA | 0.62 | 0.82 | 1.64 | 0.84 | 0.49 | — | 1.82 | 1.20 |
M's financial statements
| Line | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net revenue | $21.8B | $22.3B | $23.1B | $24.4B | $24.5B | $17.3B |
| Cost of revenue | -$13.5B | -$13.7B | -$14.2B | -$15.3B | -$15B | -$12.3B |
| Gross profit | $8.3B | $8.6B | $8.9B | $9.1B | $9.5B | $5.1B |
| EBITDA | $1.9B | $1.8B | $1.2B | $2.5B | $3.2B | -$3.5B |
| EBIT | $1B | $909M | $301M | $1.7B | $2.3B | -$4.5B |
| Financial result | — | — | — | — | — | — |
| Income before tax | $849M | $763M | $43M | $1.5B | $1.9B | -$4.8B |
| Income tax | -$207M | -$181M | $2M | -$331M | -$432M | $846M |
| Net income | $642M | $582M | $45M | $1.1B | $1.4B | -$3.9B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does M pay dividends?
Dividend yield per year
- 6.00%2017
- 5.08%2018
- 8.89%2019
- 6.72%2020
- 0.57%2021
- 3.02%2022
- 3.25%2023
- 4.06%2024
- 3.27%2025
- 3.33%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/14/2026 | 10/01/2026 | $0.19 |
| Dividend | 06/12/2026 | 07/01/2026 | $0.19 |
| Dividend | 03/12/2026 | 04/01/2026 | $0.19 |
| Dividend | 12/12/2025 | 01/02/2026 | $0.18 |
| Dividend | 09/12/2025 | 10/01/2025 | $0.18 |
| Dividend | 06/12/2025 | 07/01/2025 | $0.18 |
| Dividend | 03/13/2025 | 04/01/2025 | $0.18 |
| Dividend | 12/12/2024 | 01/02/2025 | $0.17 |
| Dividend | 09/12/2024 | 10/01/2024 | $0.17 |
| Dividend | 06/13/2024 | 07/01/2024 | $0.17 |
| Dividend | 03/13/2024 | 04/01/2024 | $0.17 |
| Dividend | 12/13/2023 | 01/02/2024 | $0.17 |
See all 35 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/13/2023 | 10/02/2023 | $0.17 |
| Dividend | 06/13/2023 | 07/03/2023 | $0.17 |
| Dividend | 03/13/2023 | 04/03/2023 | $0.17 |
| Dividend | 12/13/2022 | 01/03/2023 | $0.16 |
| Dividend | 09/13/2022 | 10/03/2022 | $0.16 |
| Dividend | 06/13/2022 | 07/01/2022 | $0.16 |
| Dividend | 03/11/2022 | 04/01/2022 | $0.16 |
| Dividend | 12/13/2021 | 01/03/2022 | $0.15 |
| Dividend | 09/13/2021 | 10/01/2021 | $0.15 |
| Dividend | 03/11/2020 | 04/01/2020 | $0.38 |
| Dividend | 12/11/2019 | 01/02/2020 | $0.38 |
| Dividend | 09/11/2019 | 10/01/2019 | $0.38 |
| Dividend | 06/12/2019 | 07/01/2019 | $0.38 |
| Dividend | 03/13/2019 | 04/01/2019 | $0.38 |
| Dividend | 12/12/2018 | 01/02/2019 | $0.38 |
| Dividend | 09/12/2018 | 10/01/2018 | $0.38 |
| Dividend | 06/13/2018 | 07/02/2018 | $0.38 |
| Dividend | 03/13/2018 | 04/02/2018 | $0.38 |
| Dividend | 12/13/2017 | 01/02/2018 | $0.38 |
| Dividend | 09/13/2017 | 10/02/2017 | $0.38 |
| Dividend | 06/12/2017 | 07/03/2017 | $0.38 |
| Dividend | 03/10/2017 | 04/03/2017 | $0.38 |
| Dividend | 12/12/2016 | 01/03/2017 | $0.38 |
About Macy’s
- Sector
- Retail
Questions about M
How much is M today?
M is at $22.79 (1.47% on the day), last traded on 10/07/2026.
How much did M pay in dividends in 2025?
M paid $0.72 per share in 2025, a dividend yield of 3.27%.
What are the P/E and P/B of M?
M trades at a P/E of 7.94 and a P/B of 1.21.
How much did M return in 12 months?
M returned 5.55% in 12 months, with annualized volatility of 25.47% and a largest drawdown of -17.56%.