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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) Net Margin (2016 - 2025)

Macy's' Net Margin history spans 17 years, with the latest figure at 0.22% for Q4 2025.

  • For Q4 2025, Net Margin fell 42.0% year-over-year to 0.22%; the TTM value through Nov 2025 reached 2.12%, up 160.0%, while the annual FY2025 figure was 2.61%, 242.0% up from the prior year.
  • Net Margin for Q4 2025 was 0.22% at Macy's, down from 1.79% in the prior quarter.
  • Across five years, Net Margin topped out at 7.63% in Q4 2021 and bottomed at 1.68% in Q1 2024.
  • The 5-year median for Net Margin is 2.3% (2021), against an average of 2.82%.
  • The largest annual shift saw Net Margin skyrocketed 12118bps in 2021 before it tumbled -746bps in 2024.
  • A 5-year view of Net Margin shows it stood at 7.63% in 2021, then plummeted by -73bps to 2.07% in 2022, then tumbled by -58bps to 0.87% in 2023, then decreased by -28bps to 0.63% in 2024, then tumbled by -66bps to 0.22% in 2025.
  • Per Business Quant, the three most recent readings for M's Net Margin are 0.22% (Q4 2025), 1.79% (Q3 2025), and 0.79% (Q2 2025).