Growth Metrics

Macy's (M) EBITDA Margin (2016 - 2025)

Macy's' EBITDA Margin history spans 17 years, with the latest figure at 0.82% for Q4 2025.

  • For Q4 2025, EBITDA Margin fell 62.0% year-over-year to 0.82%; the TTM value through Nov 2025 reached 3.48%, up 228.0%, while the annual FY2025 figure was 4.08%, 277.0% up from the prior year.
  • EBITDA Margin for Q4 2025 was 0.82% at Macy's, down from 3.08% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 10.57% in Q3 2021 and bottomed at 1.96% in Q1 2024.
  • The 5-year median for EBITDA Margin is 4.53% (2021), against an average of 4.8%.
  • The largest annual shift saw EBITDA Margin surged 12296bps in 2021 before it crashed -964bps in 2024.
  • A 5-year view of EBITDA Margin shows it stood at 9.61% in 2021, then plummeted by -62bps to 3.67% in 2022, then tumbled by -55bps to 1.65% in 2023, then fell by -12bps to 1.45% in 2024, then crashed by -43bps to 0.82% in 2025.
  • Per Business Quant, the three most recent readings for M's EBITDA Margin are 0.82% (Q4 2025), 3.08% (Q3 2025), and 1.96% (Q2 2025).