Macy's $M Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Macy's, Inc. ($M). Last filing: 10-Q, 2026-09-10. 9 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $22.6B (FY2026), total debt $2.4B. Experience: revenue down 1.7% on the year, down 2.9% a year over 4 years; operating margin 4.6%, up from 4.0%. Soundness: equity 29.9% of assets, return on equity 13.2%, payout 30.7% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $17.3B and $25.8B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $14.5B to $30.3B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, its industry group): operating margin 4.6% against a 4.5% median; growth -1.7% against 5.2%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $1.4B · −$639M · −$852M · $1.1B |
| Investment book (cash · short · long) | $1.2B · — · — · current ratio 1.49 |
| Revenue swing · equity of assets | 2.8% · 29.9% |
Macy's is growing slower than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2026-01-31 |
| Revenue | $22.6B |
| Revenue, on the year | −1.7% |
| Revenue, a year over the record | −2.9% |
| Operating margin | 4.6% |
| Operating margin, prior year | 4.0% |
| Net margin | 2.8% |
| Research and development | not filed separately |
| Total debt | $2.4B |
| Equity of assets | 29.9% |
| Return on equity | 13.2% |
| Payout of profit | 30.7% |
| Dividend per share | $0.73 · up 4 years running |
| Earnings per share | $2.37 |
| Book value per share | $17.58 |
| Revenue per share | $81.81 |
| Shares outstanding | 276,500,000 |
| Audited years read | 5 |
Peers: the median of 11 filers with $50M+ revenue in retail-department stores.
Health HarborMacy's sails as: New ship
Health watch · 12 monthsDirector or officer change ×3
Sailing speed follows growth: -3.9% a year crosses the harbor in 92 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-09-10
- 8-K · 2026-09-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-06-04
- 8-K · 2026-06-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-05-18 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders
- DEF 14A · 2026-03-31
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company