Growth Metrics

Macy's (M) Debt to Equity (2009 - 2026)

Macy's recorded quarterly Debt to Equity of $0.5 in Q1 2026, down 10.95% quarter-over-quarter from $0.56 in Q4 2025, and down 18.03% year-over-year from $0.61 in Q1 2025.

Macy's' Debt to Equity history runs 18 years deep, the most recent figure standing at $0.5 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 18.03% year-over-year to $0.5; the TTM figure through Jan 2026 stood at $0.5 (down 18.03% YoY), while the FY2026 annual figure was $0.5, down 18.03% from the prior year.
  • Debt to Equity came in at $0.5 for Q1 2026 at Macy's, down from $0.56 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.91 in Q4 2022 to a low of $0.5 in Q1 2026.
  • A 5-year average of $0.72 and a median of $0.73 in 2023 frame the typical range for Debt to Equity.
  • Across the five-year window, Debt to Equity tumbled 52.19% in 2022 and grew 1.05% in 2024, its largest moves.
  • Macy's' Debt to Equity stood at $0.91 in 2022, then slipped by 15.81% to $0.77 in 2023, then slipped by 10.3% to $0.69 in 2024, then retreated by 18.66% to $0.56 in 2025, then dropped by 10.95% to $0.5 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.5, $0.56, and $0.59 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Macy's 5.57 Bn 4.33 Bn 3.55 Bn 0.50
2 Kohls 1.46 Bn 788.72 Mn 1.85 Bn 0.35
3 Dillard'S 8.79 Mn -1.06 Bn 783.65 Mn 0.18
4 Loan Artificial Intelligence - - - -

Historic Data

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DateValue
Jan 31, 2026 0.50
Nov 1, 2025 0.56
Aug 2, 2025 0.59
May 3, 2025 0.62
Feb 1, 2025 0.61
Nov 2, 2024 0.69
Aug 3, 2024 0.71
May 4, 2024 0.73
Feb 3, 2024 0.74
Oct 28, 2023 0.77
Jul 29, 2023 0.72
Apr 29, 2023 0.73
Jan 28, 2023 0.74
Oct 29, 2022 0.91
Jul 30, 2022 0.85
Apr 30, 2022 0.91
Jan 29, 2022 0.91
Oct 30, 2021 1.14
Jul 31, 2021 1.54
May 1, 2021 1.81
Jan 30, 2021 1.90
Oct 31, 2020 2.40
Aug 1, 2020 2.32
May 2, 2020 2.10
Feb 1, 2020 0.65
Nov 2, 2019 0.77
Aug 3, 2019 0.74
May 4, 2019 0.75
Feb 2, 2019 0.74
Nov 3, 2018 0.98
Aug 4, 2018 0.94
May 5, 2018 1.01
Feb 3, 2018 1.03
Oct 28, 2017 1.48
Jul 29, 2017 1.42
Apr 29, 2017 1.54
Jan 28, 2017 1.57
Oct 29, 2016 1.98
Jul 30, 2016 1.88
Apr 30, 2016 1.84
Jan 30, 2016 1.80
Oct 31, 2015 2.00
Aug 1, 2015 1.49
May 2, 2015 1.40
Jan 31, 2015 1.36
Nov 1, 2014 1.35
Aug 2, 2014 1.24
May 3, 2014 1.18
Feb 1, 2014 1.15
Nov 2, 2013 1.32
Aug 3, 2013 1.18
May 4, 2013 1.16
Feb 2, 2013 1.15
Oct 27, 2012 1.25
Jul 28, 2012 1.18
Apr 28, 2012 1.15
Jan 28, 2012 1.31
Oct 29, 2011 1.19
Jul 30, 2011 1.19
Apr 30, 2011 1.25
Jan 29, 2011 1.34
Oct 30, 2010 1.57
Jul 31, 2010 1.67
May 1, 2010 1.75
Jan 30, 2010 1.87
Oct 31, 2009 1.94
Aug 1, 2009 1.92
May 2, 2009 1.94
Jan 31, 2009 2.10