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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Macy's (M) Invested Capital (2016 - 2025)

Macy's' Invested Capital history spans 17 years, with the latest figure at $6.8 billion for Q4 2025.

  • For Q4 2025, Invested Capital fell 2.4% year-over-year to $6.8 billion; the TTM value through Nov 2025 reached $6.8 billion, down 2.4%, while the annual FY2025 figure was $7.3 billion, 4.24% up from the prior year.
  • Invested Capital for Q4 2025 was $6.8 billion at Macy's, down from $7.1 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $7.3 billion in Q1 2025 and bottomed at $6.3 billion in Q2 2022.
  • The 5-year median for Invested Capital is $7.0 billion (2023), against an average of $6.9 billion.
  • The largest YoY upside for Invested Capital was 14.43% in 2021 against a maximum downside of 31.81% in 2021.
  • A 5-year view of Invested Capital shows it stood at $6.4 billion in 2021, then rose by 1.35% to $6.5 billion in 2022, then increased by 9.66% to $7.1 billion in 2023, then fell by 2.4% to $6.9 billion in 2024, then fell by 2.4% to $6.8 billion in 2025.
  • Per Business Quant, the three most recent readings for M's Invested Capital are $6.8 billion (Q4 2025), $7.1 billion (Q3 2025), and $7.2 billion (Q2 2025).